The Role of Monetary PolicyRules in Inflation Targeting Regimes - Theory Meets Practice"

Lars Svensson, Princeton University: "Monetary policy rules and judgement"

David Archer, Reserve Bank of New Zealand: "Are the policy rules proposed in the literature good enough for practical use?"

Pierre Duguay: Policy rules and the Conduct of Monetary Policy in Canada

Thomas J. Jordan: Rules in the Conduct of Swiss Monetary Policy

Discussion among the delegates

Chairman Jan F. Qvigstad, Norges Bank

Main speaker Athanasios Orphanides, Federal Reserve
Papers:

• Robust Monetary Policy Rules with Unknown Natural Rates
• Historical Monetary Policy Analysis and the Taylor Rule

Practical views from Norges Bank and the Czech Central Bank

Jan F. Qvigstad, Norges Bank: Some comments to Orphanides and Svensson

Discussion

Chairman Irma Rosenberg, Sveriges Riksbank

Main speaker Hans Genberg, Graduate Institute of International Studies presents the Genberg/Wyplosz/Fracasso paper How do Central Banks write? An Evaluation of Inflation Reports by Inflation Targeting Central Banks.

Genberg's PowerPoint presentation of the report

Practical views from the Reserve Bank of Australia and Bank of England

Peter Andrews How do Central Banks write? An Evaluation of Inflation Reports by Inflation Targeting Central Banks. Comments to the report

Andrews' PowerPoint presentation

Philip Lowe How do Central Banks write? An Evaluation of Inflation Reports by Inflation Targeting Central Banks. Comments to the report
Lowe's PowerPoint presentation

Discussion

Chairman Claudio Borio, BIS