The Oslo Conference on Monetary Policy

Monetary Policy and Uncertainty
University of Oslo, 9–10 June 2006

 

Administrasjonsbygget, Blindern (building 1 on map)

 

Friday, June 9

 

09:00        Welcome address by STEINAR HOLDEN, University of Oslo

 

Session Chair: ULF SÖDERSTRÖM, Bocconi University

 

09:10        Robustly Optimal Monetary Policy with Near-Rational Expectations

                 MICHAEL WOODFORD, Columbia University

                 Discussant: KLAUS ADAM, European Central Bank

 

10:10        Optimal Monetary Policy with Real Time Signal Extraction from the Bond Market

                 KRISTOFFER P. NIMARK, Reserve Bank of Australia

                 Discussant: ORESTE TRISTANI, European Central Bank

 

11:10        Coffee break

 

11:30        Revealing the Secrets of the Temple: The Value of Publishing Interest Rate Projections

                 GLENN D. RUDEBUSCH, Federal Reserve Bank of San Francisco

JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco

                 Discussant: ØISTEIN RØISLAND, Norges Bank

 

12:30        Lunch

 

Session Chair: RICHARD DENNIS, Federal Reserve Bank of San Francisco

 

13:50        Design Limits and Dynamic Policy Analysis

            WILLIAM A. BROCK, University of Wisconsin-Madison

STEVEN N. DURLAUF, University of Wisconsin-Madison

GIACOMO RONDINA, University of Wisconsin-Madison

                 Discussant: VOLKER WIELAND, Goethe-University of Frankfurt

 

14:50        Model Uncertainty and Endogenous Volatility

                 WILLIAM A. BRANCH, University of California, Irvine

GEORGE W. EVANS, University of Oregon

                 Discussant: LARS E.O. SVENSSON, Princeton University

 

15:50        Coffee break


16:10        Bayesian and Adaptive Optimal Policy under Model Uncertainty

                 LARS E.O. SVENSSON, Princeton University

NOAH WILLIAMS, Princeton University

                 Discussant: ERIC SWANSON, Federal Reserve Bank of San Francisco

 

19:30        Dinner at Statholdergaardens krostue  (Rådhusgaten 11).

 

 

Saturday, June 10

 

Session Chair: KAI LEITEMO, Norwegian School of Management

 

09:00        Monetary Policy and Data Uncertainty

JARKKO JÄÄSKELÄ, Bank of England
TONY YATES, Bank of England

                 Discussant: GÜNTER COENEN, European Central Bank

 

10:00        Real-Time Model Uncertainty in the United States: Robust Policies Put to the Test

                 ROBERT J. TETLOW, Board of Governors of the Federal Reserve System

                 Discussant: JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco

 

11:00        Coffee break

 

11:20        Caution or Activism? Monetary Policy Strategies in an Open Economy

                 MARTIN ELLISON, University of Warwick

LUCIO SARNO, University of Warwick

JOUKO VILMUNEN, Bank of Finland

                 Discussant: ULF SÖDERSTRÖM, Bocconi University

 

12:20        Lunch

 

Session Chair: STEINAR HOLDEN, University of Oslo

 

13:40        Monetary Policy in a Small Open Economy with a Preference for Robustness

                 RICHARD DENNIS, Federal Reserve Bank of San Francisco

KAI LEITEMO, Norwegian School of Management

ULF SÖDERSTRÖM, Bocconi University

                 Discussant: GINO CATEAU, Bank of Canada

 

14:40        Adjourn

 

 

Each paper presentation allows 30 minutes for the presenter, 15 minutes for the discussant

and 15 minutes for general discussion.

Organising committee: Richard Dennis (Federal Reserve Bank of San Francisco), Steinar Holden (University of Oslo), Kai Leitemo (Norwegian School of

Management) and Ulf Söderström (Bocconi University).