Contents

Entire Proceedings (12.8MB)

Goals, Guidelines, and Constraints Facing Monetary Policymakers: An Overview 
Jeffrey C. Fuhrer

The Inflation/Output Variability Trade-off Revisited
  John B. Taylor; with discussion by Laurence M. Ball

Optimal Monetary Policy and the Sacrifice Ratio 
Jeffrey C. Fuhrer; with discussion by N. Gregory Mankiw and summary discussion by Martin S. Eichenbaum

Monetary Aggregates Targeting in a Low-Inflation Economy
  William Poole; with discussion by Benjamin M. Friedman and Donald L. Kohn

Strategy and Tactics of Monetary Policy: Examples from Europe and the Antipodes
  Charles A.E. Goodhart and José Viñals; with discussion by Richard N. Cooper

How Independent Should a Central Bank Be?
Guy Debelle and Stanley Fischer; with discussion by Robert E. Hall

Panel: How Can Monetary Policy Be Improved?

Paul A. Samuelson
James Tobin
Robert J. Barro
Lyle E. Gramley
Bennett T. McCallum