About the conference
The 7th BIS Annual Conference focused on "Whither monetary policy? Monetary policy challenges in the decade ahead". The conference proceedings were published in the BIS Papers No 45 in March 2009.
Conference materials
William White, Bank for International Settlements | remarks
Chair
Guillermo Ortiz, Bank of Mexico
Speaker
Otmar Issing, Centre for Financial Studies
Paper
Discussants
Chair
Durmus Yilmaz, Central Bank of the Republic of Turkey
Speaker
Alan Blinder, Princeton University
Paper
Talking about monetary policy: The virtues (and vices?) of central bank communication
Discussants
Chair
Tito Mboweni, South African Reserve Bank
Speaker
Christopher Sims, Princeton University
Paper
Inflation expectations, uncertainty, and monetary policy
Discussants
Edmund Phelps, Columbia University | keynote address
Chair
Donald Kohn, Board of Governors of the Federal Reserve System
Speaker
Axel Weber, Deutsche Bundesbank
Paper
Has the monetary transmission process in the euro area changed? Evidence based on VAR estimates
Discussants
Chair
Hamad Saud Al-Sayari, Saudi Arabian Monetary Agency
Speaker
- Ronald McKinnon, Stanford University
- Gunther Schnabl, Leipzig University
Paper
China's financial conundrum and global imbalances
Discussants
Martin Wolf, Financial Times | remarks
Chair
Lucas Papademos, European Central Bank
Speaker
Michael Woodford, Columbia University
Paper
Credit frictions and optimal monetary policy
Discussants