Current Issues in Monetary Policy

A CEPR/ESRC Macroeconomics Workshop on ‘Current Issues in Monetary Policy’ was held in London on 23 October 1998. The workshop, which was organized by Michael Wickens (University of York and CEPR), was held under the auspices of the ESRC Resource Centre, established at CEPR in 1993, to provide networking, dissemination, support and training services to the UK economics community. The following papers were presented:

‘Centralized Wage Setting, Inflation Contracts, and the Optimal Choice of Central Banker’
Phillip Lawler (University of Wales Swansea)

‘Interest Rates, Optimal Control and Current Monetary Policy’
Sean Holly (University of Cambridge) and
Paul Turner (University of Sheffield)  

‘The Concept and Measurement of "Domestically Generated Inflation"’
David Barker (Bank of England) and
Willem Buiter (University of Cambridge and CEPR)

‘Interactions Between Monetary and Fiscal Policy Rules’
Campbell Leith (University of Exeter) and
Simon Wren-Lewis (University of Exeter)

‘The New UK Monetary Arrangements: A View From the Literature’
Charles Bean (Centre for Economic Performance, LSE, HM Treasury and CEPR)

The workshop also included a Round Table discussion, chaired by Michael Wickens, on ‘Monetary Policy: How Much Progress Have we Made and What Still Needs to be Done?’. The participants were Charles Bean, Willem Buiter and John Driffill (University of Southampton and CEPR)