Carnegie-Rochester Conference Series on Public Policy

Semi-annual Conference


Editors:    Bennett McCallum

                 Charles I. Plosser



Upcoming Conference


November 22-23, 2002

GSIA, Carnegie-Mellon University

Pittsburgh, PA




Carnegie-Rochester Conference on Public Policy
November 22
-23, 2002


The November 2002 meeting of the Carnegie-Rochester Conference Series on Public Policy will be held November 22-23, 2002, at Carnegie Mellon University in Pittsburgh. The program will recognize the tenth anniversary of the original proposal of the Taylor Rule, which took place at the conference meeting of November 1992.  Various topics relating to the role of the Taylor rule in monetary policy analysis will be considered. These include the following, with authors as indicated.


Schedule (Tentative)

Thursday, November 21


8:00 p.m.         Welcoming Reception Holiday Inn Select-University Center


Friday, November 22


8:15 a.m.         Bus from Holiday Inn to CMU/GSIA-Posner Hall

8:30 a.m.         Continental Breakfast


9:00 a.m.         Conference Session I: GSIA Posner Hall Room 151

                        Chairman:  Bennett McCallum


         Authors:  Andrew Levin and John Williams                         Discussant:  Peter Ireland

                              Title:        Robust Monetary Policy with Competing Reference Models


         Author:   Athanasios Orphanides                                        Discussant:  Anna Schwartz

       Title:      Historical Interpretation of Monetary Policy Practice from the Perspective of the Taylor Rule


12:00 p.m.       Lunch GSIA Grand Room 3rd floor Posner Hall



1:30 p.m.         Conference Session II: GSIA Posner Hall Room 151

Chairman:  Charles Plosser


         Authors:  Edward Nelson                                                    Discussant: Lars Svensson

                   Title:       The Future of Monetary Aggregates in Monetary Policy Analysis   


         Authors:  Guenter Coenen and Volker Wieland                    Discussant: Carl Walsh

                   Title:       Interest Rate Rules and the Zero Lower Bound in a Large Open Economy   


5:00 p.m.         Bus from GSIA to Holiday Inn

7:15 p.m.         Bus from Holiday Inn to The Pittsburgh Golf Club

7:30 p.m.         Dinner at The Pittsburgh Golf Club



Saturday, November 23


8:00 a.m.         Bus from Holiday Inn to CMU/GSIA-Posner Hall

8:15 a.m.         Continental Breakfast


8:45 a.m.         Conference Session III: GSIA Posner Hall Room 151

Chairman:  Stanley Zin


         Authors:  Douglas Laxton and Paolo Pesenti                         Discussant:  Chris Erceg

      Title:        Monetary Policy Rules for Small, Open, Emerging Economies


        Author:   Bennett McCallum                                                 Discussant:  Michael Woodford

      Title:       Multiple-Solution Indeterminacies in Monetary Policy Analysis


11:45 p.m.       ADJOURN