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A major one-day conference organised by the
National Institute of Economic and Social Research

Macroeconomics and the Policy Process

Wednesday 14 May 2003: 9.30am - 5.00pm.
Venue: The London Chamber of Commerce & Industry, 33 Queen Street, London EC4R 1AP

At this conference leading macro-economic modellers and forecasters presented their recent work. The sessions included presentations on the latest developments in modelling methods and showed how economic modelling is used to explore current issues of policy interest in the United Kingdom, at the European Commission and in the European Central Bank.

Programme

Simon Brooks (Director of Macroeconomic Policy and International Finance, HM Treasury):
Long-term Public Finances & Fiscal Sustainability
[View paper: 359kb, 74pp]

Jan in't Veld (European Commission):
The Real Effects of Fiscal Adjustments
[View paper: 146kb, 31pp]

Jagjit S Chadha & Sean Holly (University of Cambridge):
Monetary Policy, Expectations and Stabilisation
Paper unavailable at this time

Frank Smets (European Central Bank):
Monetary Policy, Price Stability and Output Gap Stabilisation
[View presentation: 142kb, 18pp]

M Hashem Pesaran (University of Cambridge):
Financial and Real Economy Interactions: A Global Perspective
[View paper: 1,651kb, 92pp] [View presentation: 2,295kb, 15pp]

Simon Wren-Lewis (University of Exeter):
Medium Term Exchange Rate Dynamics
[View paper: 259kb, 30pp] [View presentation: 305kb, 20pp]

Ray Barrell (NIESR) & E. Philip Davis (Brunel University & NIESR):
Shocks and Shock Absorbers: The International Propagation of Equity Market Shocks and the Design of Appropriate Policy Responses
[View paper: 161kb, 30pp] [View presentation: 150kb, 33pp]

Martin Weale (NIESR):
Policy Rules and Economic Uncertainty
[View paper: 581kb, 22pp]