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Volume 32, Number 4, Part 2


November 2000

Monetary Policy in a Low-Inflation Environment: A Conference Sponsored by the Federal Reserve Banks of Boston, Cleveland, Richmond, Atlanta, St. Louis, and Minneapolis, and the Board of Governors of the Federal Reserve System, October 18-20, 1999

Jeffrey C. Fuhrer and Mark S. Sniderman, Special Issue Editors

Jeffrey C. Fuhrer and Mark Sniderman, Conference Summary, pp. 845-869

Bennett T. McCallum, "Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates, " pp. 870-904 Comment by Lawrence J. Christiano, 905-930
Comment by Neil Wallace, 931-935

David Reifschneider and John C. Williams, "Three Lessons for Monetary Policy in a Low-Inflation Era," pp. 936-966
Comment by Christopher, A. Sims pp. 967-972
Comment by Neil Wallace, pp. 973-978

J. Bradford DeLong, "America's Historical Experience with Low Inflation," pp. 979-993
Comment by Ben S. Barnake, pp. 994-997
Comment by William B. English 998

Marvin Goodfriend, "Overcoming the Zero Bound on Interest Rate Policy," pp. 1007-1035
Comment by Ralph C. Bryant, pp. 1036-1050
Comment by Charles Freedman, pp. 1051-1057

Anthony Saunders, "Low Inflation: The Behavior of Financial Markets and Institutions," pp. 1058-1087
Comment by John Y. Campbell, pp. 1088-1092

Summary: Policy Panel

Alan S. Blinder, "Monetary Policy at the Zero Lower Bound: Balancing the Risks," pp. 1093-1099

Michael Mussa, "Reflections on Monetary Policy of Low Inflation," pp. 1100-1106

Kazuo Ueda, "Japan's Experience with Zero Interest Rates," pp. 1107-1109

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