Chaired by Mario I. Blejer

Introduction
Dr Mario I. Blejer Director, Centre for Central Banking Studies, Bank of England

Understanding the evolving inflation process (276k)
Professor Stephen Cecchetti, Rosenberg Professor of Global Finance , Brandeis University - International Business School
Paper (1,083k)

Monetary policy challenges in emerging markets (365k)
Professor Guillermo Calvo Professor of Economics, International and Public Affairs, Columbia University in the City of New York
Paper 1 (248k) Paper 2 (331k)

Australia's recent housing cycle (186k)
Dr Christopher Kent, Head of Economics Research, Reserve Bank of Australia

Changing nature of business cycles and new challenges of monetary policy in Korea (201k)
Dr Jae Chun Kim, Director General, Bank of Korea

Financial globalisation and monetary policy
(586k)
Mr Már Gudmundsson, Deputy Head of Monetary and Economic Department , Bank for International Settlements (BIS)
Paper (461k)

Monetary policy in Russia: answer to modern economic challenges (93k)
Mr Alexander Eduardovich Polonskiy, Deputy Director of General Economic Department, Central Bank of the Russian Federation

Global determinants of inflation: challenge to policy and theory: both or none (56k)
Dr Ryszard Kokoszczynski, Director , Bureau of Macroeconomic Research, National Bank of Poland.

Framework of financial stability? (14k)
Professor Charles Goodhart, Financial Markets Group , London School of Economics
Paper 1 (123k) Paper 2 (295k)

Work-consumption preferences, cyclical driving forces and unemployment volatility (167k)
Professor Robert E. Hall, Department of Economics, Stanford University
Paper (404k) - A revision to this version can be found at http://stanford.edu/~rehall

Inflation Targeting in a small open economy: a challenge to monetary theory (395k)
Dr Atchana Waiquamdee, Deputy Governor, Monetary Stability, Bank of Thailand
Paper (529k)

Theoretical challenges faced by an inflation targeting central bank in a small open economy (83k)
Dr Katerina Smidkova, Czech National Bank

Inflation pass-through in monetary unions
Dr Jan Marc Berk and Job Swank, Netherlands Bank (61k)
Paper (197k)

Theoretical aspects of Inflation targeting in emerging markets (218k)
Dr Manuel Ramos-Francia, Director General of Economic Research, Chief Economist, Bank of Mexico
Paper (242k)

How robust is the new conventional wisdom in monetary policy? (115k)
Professor Willem Buiter, Chair of European Political Economy, European Institute, London School of Economics
Paper (572k)

Price level targeting
Mrs Agatha Cote, Chief of Research Department, Bank of Canada (101k)
Paper (78k)

Advances in inflation targeting (1,070k)
Mr Claes Berg, Adviser to the Governor & Chief Economist, Bank of Sweden

Monetary policy horizons in inflation-targeting countries (130k)
Dr Klaus Schmidt-Hebbel, Chief of Economic Research & Chief Economist, Central Bank of Chile