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January 2012 special supplemental issue contents

Cover and contents (PDF, 4 pages, 362 kb)

Introduction
  by Richard Clarida and Jeff Fuhrer

Tactics and Strategy in Monetary Policy: Benjamin Friedman's Thinking and the Swiss National Bank.
  by Stefan Gerlach and Thomas J. Jordan
Discussion
  by Lars E.O. Svensson

How Flexible Can Inflation Targeting Be and Still Work?.
  by Kenneth N. Kuttner and Adam S. Posen
Discussion
  by Gauti B. Eggertsson

Inflation Targeting: A Canadian Perspective
  by Angelo Melino
Discussion
  by Charles Goodhart

The Role of Expectations in Inflation Dynamics
  by Jeff Fuhrer
Discussion
  by James H. Stock

Get Real: Interpreting Nominal Exchange Rate Fluctuations
  by Richard Clarida
Discussion
  by Hans-Helmut Kotz

Consequences of Government Deficits and Debt
  by Glenn Hubbard
Discussion
  by Alberto Alesina

Investment Dynamics with Natural Expectations
  by Andreas Fusterm, Benjamin Hebert and David Laibson
Discussion
  by Paul Willen

Mismatch Risk, Government Guarantees, and Financial Instability: The Case of the U.S. Pension System
  by Zvi Bodie
Discussion
  by Arturo Estrella

Closing Panel Comments

Some Lessons for Monetary Policy from the Recent Financial Crisis
  by Thomas J. Jordan

The Relation between Monetary Policy and Financial Policy
  by Lars E.O. Svensson

Monetary Policy and Financial Stability: Challenges in the Wake of the Crisis
  by José Viñals

Monetary Policy, Fiscal Policy, and the Efficiency of Our Financial System: Lessons from the Financial Crisis
  by Benjamin M. Friedman