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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. |
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The Great Inflation Pre-Conference |
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Michael Bordo and Athanasios Orphanides, Organizers |
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NBER |
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3rd Floor Conference Room |
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February 29, 2008 |
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Program |
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Thursday,
February 28: |
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6:30 pm |
Group Dinner |
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Dante Restaurant, Royal Sonesta Hotel |
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Friday, February
29: |
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8:15 am |
Shuttle van departs Royal Sonesta Hotel for NBER |
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8:30 am |
Continental Breakfast |
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Session 1 - Milton
Friedman Revisited |
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9:00 am |
William Poole, Robert Rasche, and |
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David Wheelock, Federal Reserve Bank of |
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9:35 am |
Andreas Beyer and Otmar Issing, European Central Bank |
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Vitor Gaspar, Bureau of European Policy Advisers |
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Christina Gerberding, Deutsche Bundesbank |
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Opting Out of the Great Inflation: German Monetary Policy after Bretton Woods |
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Session 2 - Non
Monetary Elements |
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10:10 am |
Alan Blinder, |
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Jeremy Rudd, Federal Reserve Board |
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Revisiting
the Supply-Shock Explanation of the Great Stagflation |
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10:45 am |
Coffee Break |
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Session 3 - Time
Inconsistency and Central Bank |
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11:00 am |
Alex Cukierman, |
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The Anguish of Central Banking:
Another Look at the Great US Inflation and its Aftermath |
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Session 4 - The
Role of a Nominal Anchor |
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11:35 am |
Marvin Goodfriend, |
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Robert King, |
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Inflation Drift: Monetary Policy and Macroeconomic
Stability |
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12:10 pm |
Andrew Levin, Federal Reserve Board |
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John Taylor, |
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Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary |
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Policies and the Great Inflation |
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12:45 pm |
Lunch |
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Session 5 -
Learning Expectations and Policy Mistakes |
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1:45 pm |
Athanasios Orphanides, Central Bank of |
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John C. Williams, Federal Reserve Bank of |
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Monetary Policy Mistakes
and the Evolution of Inflation Expectations |
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Session 6 -
International Perspectives |
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2:20 pm |
Riccardo DiCecio and Edward Nelson, Federal Reserve Bank
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The
Great Inflation in the United States and France: A Structural Analysis |
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2:55 pm |
Michael Bordo, |
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Barry Eichengreen, UC, Berkeley and NBER |
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Did
the Collapse of Bretton Woods Cause the Great Inflation? |
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3:30 pm |
Adjourn |
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2/27/08