Globalisation, inflation and monetary policy Paris, March 2008

  
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(165 pages, 1953 Ko)

Globalisation, inflation and monetary policy - March 2008
(Complete text)

Contributors

Symposium summary

Opening speech
Christian Noyer, Governor, Banque de France

Session 1 - Stylised facts of globalisation and world inflation

          chairperson
Jean-Claude TRICHET, President, European Central Bank

          Speaker
Kenneth S. ROGOFF, Professor, Harvard University
“Globalisation and monetary policy: overview, recent issues”

          Discussants
Richard W. FISHER, President and Chief Executive Offi cer, Federal Reserve Bank of Dallas
John LIPSKY, First Deputy Managing Director, International Monetary Fund
Philippe MARTIN, Professor, University of Paris 1 – Panthéon-Sorbonne

Session 2 - Globalisation and the determinants of domestic inflation

          Chaiperson
Jean-Pierre ROTH, President, Swiss National Bank

          Speaker
William R. WHITE, Economic Adviser and Head of the Monetary and Economic Department,
“Globalisation and the determinants of domestic infl ation”

          Discussants
Martin REDRADO, Governor, Central Bank of Argentina
Janet L. YELLEN, President and Chief Executive Offi cer, Federal Reserve Bank of San Francisco
YI Gang, Deputy Governor, People's Bank of China

Session 3 - Financial globalisation, growth and asset prices (Round table)

          Chairperson
Arnout H. E. M. WELLINK, President, De Nederlandsche Bank

          Panellists
Alan BOLLARD, Governor, Reserve Bank of New Zealand
Arvind KRISHNAMURTHY, Professor, Kellogg School of Management – Northwestern University
Yaga Venugopal REDDY, Governor, Reserve Bank of India
Hélène REY, Professor, London Business Schoo
Martin WOLF, Associate Editor and Chief Economics Commentator, The Financial Times, London

Session 4 - Implications for the conduct of monetary policy

          Chaiperson
Guillermo ORTIZ, Governor, Banco de México

          Speaker
John B. TAYLOR, Professor, Stanford University
“The impacts of globalisation on monetary policy”

          Discussants
Eric CHANEY, Managing Director and Chief Economist for Europe, Morgan Stanley
Donald L. KOHN, Vice Chairman, Board of Governors of the Federal Reserve System
Jürgen STARK, Member of the Executive Board, European Central Bank

Concluding remarks
Jacob A. FRENKEL, Vice-chairman, American International Group, Inc (AIG), Chairman, Group of Thirty

Participants