Low-Inflation Economies
Papers Presented
The Efficiency of Inflation Targeting
Costas Azariadis, UCLA
Discussants: Eric Fisher, The Ohio State University; Marvin Goodfriend, Federal Reserve Bank of RichmondInflation and Welfare in Models with Trading Frictions
Guillaume Rocheteau, Australian National University and Federal Reserve Bank of Cleveland
Randy Wright, University of Pennsylvania
Discussants: Jim Bullard, Federal Reserve Bank of St. Louis; Shouyong Shi, University of TorontoThe Welfare Cost of Inflation in the Presence of Inside Money
Scott Freeman, University of Texas at Austin
Finn Kydland, Carnegie-Mellon University
Discussants: John Coleman, Duke University; Tony Yates, Bank of EnglandMonetary Policy Orientations in Low-Inflation Environments
Juergen von Hagen, ZEI, University of Bonn, Indiana University, and CEPR
Boris Hoffman, ZEI and University of Bonn
Discussants: Jack Selody, Bank of Canada; Pierre Siklos, Wilfrid Laurier UniversityInflation in Transition Economies
Paul Wachtel, New York University
Iikka Korhonen, Bank of Finland
Discussants: Werner Hermann, Swiss National Bank; David Lopez-Salido, Bank of Spain and Board of GovernorsGood versus Bad Deflation: Lessons from the Gold-Standard Era
Mike Bordo, Rutgers University and NBER
Jonathon Landon-Lane, Rutgers University
Angela Redish, University of British Columbia
Discussants: Larry Christiano; François Velde, Federal Reserve Bank of ChicagoEndogenous Adjustment and the Exchange-Rate Regime
Mick Devereux, University of British Columbia
Discussants: David Backus, New York University; Michael Dotsey, Federal Reserve Bank of PhiladelphiaInflation and Financial Market Performance: What Have We Learned in the Last Ten Years?
John Boyd, University of Minnesota
Bruce Champ, Federal Reserve Bank of Cleveland
Discussants: Nicola Cetorelli, University of California at Davis and Board of Governors, Peter Rousseau, Vanderbilt University
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