Monetary policy: a journey from theory to practice - an ECB colloquium held in honour of Otmar Issing
Frankfurt am Main, 16 - 17 March 2006
Venue:
Steigenberger Frankfurter Hof
Am Kaiserplatz
60311 Frankfurt am Main
Day 1 - Thursday, 16 March
| 14:30 | Registration/coffee |
| 15:00 | Welcome Jean-Claude Trichet (President of the European Central Bank) |
| Session 1 Chair: Jean-Claude Trichet (President of the European Central Bank) |
|
| 15:10 - 15:40 | Pre-commitment and guidance: lessons from the Bundesbank’s history Manfred Neumann (University of Bonn) pdf 61 kB, en |
| 15:40 - 16:10 | The danger of inflating expectations Mervyn King (Governor of the Bank of England) |
| 16:10 - 16:40 | Monetary policy and asset prices Donald Kohn (Governor of the Federal Reserve Board) pdf 55 kB, en |
| 16:40 - 17:10 | Coffee |
| 17:10 - 18:30 | Panel discussion: The art of central banking Stanley Fischer (Governor of the Bank of Israel), Arminio Fraga (Gavea Investimentos, former President of the Central Bank of Brazil), Jacob Frenkel (Vice Chairman of the American International Group, Inc., former Governor of the Bank of Israel), Lars Heikensten (Former Governor of Sveriges Riksbank), Hans Tietmeyer (Former President of the Deutsche Bundesbank) pdf 2.9 MB, en, Paul Volcker (Former Chairman of the Federal Reserve Board) |
| 19:30 | Dinner( 1 ) Speeches by Jean-Claude Trichet, Martin Wolf (Financial Times) pdf 26 kB, en and Otmar Issing, en |
Day 2 - Friday, 17 March
| Session 2 Chair: Axel Weber (President of the Deutsche Bundesbank) |
|
| 09:00 - 09:15 | Stability first: reflections inspired by Otmar Issing’s central banking career Vítor Gaspar (Banco de Portugal) and Anil Kashyap (University of Chicago) pdf 305 kB, en |
| 09:30 - 10.50 | Panel discussion: ECB monetary policy: the first seven years Leszek Balcerowicz (Governor of Narodowy Bank Polski), Charles Goodhart (London School of Economics, former Member of the Monetary Policy Committee of the Bank of England) pdf 20 kB, en, Malcolm Knight (General Manager of the Bank for International Settlements) pdf 42 kB, en, William McDonough (Former President of the Federal Reserve Bank of New York), Axel Weber (President of the Deutsche Bundesbank) pdf 54 kB, en |
| 10:50 - 11:20 | Coffee |
| Session 3 Chair: Kazumasa Iwata (Deputy Governor of the Bank of Japan) |
|
| 11:20 - 11:50 | The contribution of monetary theory to the practice of monetary policy Carl Walsh (University of California, Santa Cruz) pdf 195 kB, en |
| 11:50 - 13:10 | Coffee Break |
| 14.30-15.30 | Panel discussion: Central banking: is science replacing art? Olivier Blanchard (Massachusetts Institute of Technology), Martin Feldstein (National Bureau of Economic Research), Robert Lucas (University of Chicago), Allan Meltzer (Carnegie Mellon University) pdf 31 kB, en, Lars Svensson (Princeton University) |
| 13:10 - 13:25 | Concluding remarks by Otmar Issing |
| 13:30 | Buffet lunch |
( 1 ) ArabellaSheraton Grand Hotel, Konrad-Adenauer-Strasse 7, 60313 Frankfurt am Main
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