Brunnen, Switzerland, 18-19 June 2004
| Opening remarks (William
White, BIS) (PDF, 19 kb) | |
| Morning sessions (Chair: Lars Heikensten, Sveriges
Riksbank ) | |
| Session 1: | Changes in the inflation
process (Stephen Cecchetti, Brandeis University and Guy Debelle, BIS) Discussants: Ignazio Angeloni, ECB; Jordi Galí, Centre de Recerca en Economia Internacional (CREI) |
| Session 2: | Deflation in historical perspective (Michael Bordo, Rutgers University and Andrew Filardo, BIS) Discussants: Patrick Minford, Cardiff Business School; Fernando Restoy, Bank of Spain |
| Afternoon sessions (Chair: Vittorio Corbo, Central Bank
of Chile) | |
| Session 3: | Price setting and deflation in Asia (Hans Genberg, Graduate Institute of International Studies) Discussants: Laurence Ball, John Hopkins University; Steven Kamin, Federal Reserve Board |
| Session 4: | Panel on 'Deflation and the financial system' (Presenters: Lesley
Daniels-Webster, JP Morgan Chase; Takumi Shibata, Nomura Securities) Discussant: Philipp Hildebrand, Swiss National Bank |
| Morning sessions (Chair: David Longworth, Bank of Canada) | |
| Session 5: | Deflation in Japan: causes,
consequences and policy options (Masaaki Shirakawa and Kazuo Ueda, Bank
of Japan) Discussants: Michael Mussa, Institute for International Economics; Marc Olivier Strauss-Kahn, Banque de France |
| Session 6: | Beyond current policy frameworks (Charles
Goodhart, London School of Economics) Discussants: Ignazio Visco, Banca d'Italia; Edwin Truman, Institute for International Economics |
| Afternoon sessions (Chair: Malcolm Knight, BIS) | |
| Session 7: | Overview panel (Ben Bernanke, Federal Reserve Board; Willem Buiter, EBRD; Lucas Papademos, ECB) |
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