About the conference
The theme of the 3rd BIS Annual Conference focused on "Understanding Low Inflation and Deflation".
Conference materials
Introductory remarks by William White, Bank for International Settlements
Chair
Lars Heikensten, Sveriges Riksbank
Speakers
Stephen Cecchetti, Brandeis University and Guy Debelle, BIS
Paper
Changes in the inflation process
BIS Working Papers No 185
Discussants
- Ignazio Angeloni, ECB
- Jordi Galí, Centre de Recerca en Economia Internacional (CREI)
Speaker
Michael Bordo, Rutgers University and Andrew Filardo, BIS
Paper
Deflation in historical perspective
BIS Working Paper No 186
Discussants
- Patrick Minford, Cardiff Business School
- Fernando Restoy, Bank of Spain
Chair
Vittorio Corbo, Central Bank of Chile
Speaker
Hans Genberg, Graduate Institute of International Studies
Paper
Price setting and deflation in Asia
BIS Working Papers No 187
Discussants
- Laurence Ball, John Hopkins University
- Steven Kamin, Federal Reserve Board
Panel
Deflation and the financial system
Presenters
- Lesley Daniels-Webster, JP Morgan Chase
- Takumi Shibata, Nomura Securities
Discussant
Philipp Hildebrand, Swiss National Bank
Chair
David Longworth, Bank of Canada
Speakers
Masaaki Shirakawa and Kazuo Ueda, Bank of Japan
Paper
Deflation in Japan: causes, consequences and policy options
BIS Working Paper No 188
Discussants
- Michael Mussa, Institute for International Economics
- Marc Olivier Strauss-Kahn, Banque de France
Speaker
Charles Goodhart, London School of Economics
Paper
Beyond current policy frameworks
BIS Working Paper No 189
Discussants
- Ignazio Visco, Banca d'Italia
- Edwin Truman, Institute for International Economics
Chair
Malcolm Knight, Bank for International Settlements
Speakers
- Ben Bernanke, Federal Reserve Board
- Willem Buiter, EBRD
- Lucas Papademos, ECB)
Overview panel