- , Federal Reserve Bank of Chicago

Thursday, November 3

8:30 a.m.		Registration
9:00 a.m.		Continental Breakfast
10:00 a.m.		Shocks and Government Beliefs: The Rise and Fall of American Inflation Chair Jonas Fisher, Federal Reserve Bank of Chicago Shocks and Government Beliefs: The Rise and Fall of American Inflation (PDF, 951KB) Tom Sargent, New York University Noah Williams, Princeton University Tao Zha, Federal Reserve Bank of Atlanta Discussant Christopher Sims, Princeton University
11:15 a.m.		Break
11:30 a.m.		Policy Forum I: How Low Should Inflation Be? Chair Spencer Krane, Federal Reserve Bank of Chicago Martin Eichenbaum, Northwestern University V. V. Chari, University of Minnesota Richard Clarida, Columbia University
1:00 p.m.		Lunch
2:30 p.m.		Redistribution of Nominal Wealth and the Welfare Cost of Inflation Chair Gadi Barlevy, Federal Reserve Bank of Chicago Redistribution of Nominal Wealth and the Welfare Cost of Inflation (PDF, 269KB) Matthias Doepke, University of California, Los Angeles Martin Schneider, Federal Reserve Bank of Minneapolis Discussant John Cochrane, University of Chicago and National Bureau of Economic Research
3:45 p.m.		Break
4:15 p.m.		Inflation and the Price of Real Assets Chair François Velde, Federal Reserve Bank of Chicago Inflation and the Price of Real Assets (PDF, 243KB) Monika Piazzesi, University of Chicago, Graduate School of Business Martin Schneider, Federal Reserve Bank of Minneapolis Discussant Per Krusell, Princeton University and Institute for International Economic Studies
5:30 p.m.		Reception
6:30 p.m.		Dinner Speaker Allan Meltzer, Carnegie Mellon University
Friday, November 4

7:30 a.m.		Continental Breakfast
8:30 a.m.		Search, Costly Price Adjustment, and the Frequency of Price Changes—Theory and Evidence Chair Jeffrey Campbell, Federal Reserve Bank of Chicago Search, Costly Price Adjustment, and the Frequency of Price Changes—Theory and Evidence (PDF, 366KB) Jerzy Konieczny, Wilfrid Laurier University Andy Skrzypacz, Stanford University, Graduate School of Business Discussant John Leahy, New York University
9:45 a.m.		Break
10:00 a.m.		On the Fit and Forecasting Performance of New-Keynesian Models Chair Marco Bassetto, Federal Reserve Bank of Chicago On the Fit and Forecasting Performance of New-Keynesian Models (PDF, 366KB) Marco Del Negro, Federal Reserve Bank of Atlanta Frank Schorfheide, University of Pennsylvania Frank Smets, European Central Bank Raf Wouters, National Bank of Belgium Discussant James Hamilton, University of California, San Diego
11:15 a.m.		Break
11:30 a.m.		Policy Forum II: Does Fiscal Policy Threaten Price Stability? Chair David Marshall, Federal Reserve Bank of Chicago Willem Buiter, Professor of European Political Economy, European Institute, London School of Economics and Political Science, and Advisor, Goldman Sachs International Alice Rivlin, Brookings Institution Thomas Sargent, New York University
1:00 p.m.		Lunch
2:30 p.m.		Trade Costs, Pricing to Market, and International Relative Prices Chair Marcelo Veracierto, Federal Reserve Bank of Chicago Trade Costs, Pricing to Market, and International Relative Prices (PDF, 554KB) Andrew Atkeson, University of California, Los Angeles Ariel Burstein, University of California, Los Angeles Discussant Robert E. Lucas, Jr., University of Chicago
3:45 p.m.		Adjourn Updated 11/15/2005

2005 Conference on Price Stability