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December 2006, No. 233a

On November 3 and 4, 2005, the Federal Reserve Bank of Chicago’s Inflation Research Center hosted the “2005 Conference on Price Stability.” This conference brought together leading academic economists and policymakers to discuss the latest research on the determinants of inflation and their implications for questions facing monetary policymakers.

Last Updated: 11/21/2006

2005 Conference on Price Stability: A Summary (Special Issue)

Jonas D. M. Fisher, Spencer Krane

Six research papers were presented and discussed during the conference. In addition, two panels addressed key questions facing policymakers: “How low should inflation be?” and “Does fiscal policy threaten price stability?” In this Chicago Fed Letter, the author summarizes the proceedings of the conference. He begins with the sessions devoted to research papers and then discusses the policy panels.