The New Economic Geography: Effects and Policy
Implications.
A Symposium Sponsored by The Federal Reserve Bank
of Kansas City.
August 24-26, 2006.
Jackson Hole, Wyoming,
United States of America. Symposium home
Foreword
THOMAS M. HOENIG - President, Federal Reserve Bank of Kansas City
The
Contributors
Symposium
Introduction
STACEY L. SCHREFT - Vice President and Economist, Federal Reserve Bank of Kansas
City
Opening
Remarks
BEN S. BERNANKE - Chairman, Board of Governors of the Federal Reserve System
Shifts
in Economic Geography and Their Causes
ANTHONY J. VENABLES - Professor, London School of Economics
Discussant: DOUGLAS
A. IRWIN
Professor, Dartmouth College
General
Discussion
CONSEQUENCES FOR PRODUCTION AND PRICES, EMPLOYMENT AND WAGES
The
Rise of Offshoring: It's Not Wine for Cloth Anymore
GENE M. GROSSMAN - Professor, Princeton University
ESTEBAN ROSSI-HANSBERG - Professor, Princeton University
Discussant: JOHN
B. TAYLOR - Professor, Stanford University
General
Discussion
CONSEQUENCES FOR FINANCIAL MARKETS AND GLOBAL SAVING AND
INVESTMENT
Patterns of International Capital Flows and Their Implications
for Economic Development
RAGHURAM G. RAJAN - Economic Counsellor and Director of Research, International Monetary Fund
Discussant: SUSAN
M. COLLINS
Professor, Georgetown University and Senior Fellow, Brookings
Institution
General
Discussion
Luncheon Address
The New Global Economic Geography
STANLEY FISCHER - Governor, Bank of Israel
STRATEGIES FOR GROWTH
Panelists:
India's economic growth and global integration
: experiences since reforms and future challenges
T.
N. SRINIVASAN - Professor, Yale University
Strategies for growth: Central and Eastern Europe
JAN SVEJNAR - Professor, University of Michigan
Africa: Geography and Growth
PAUL
COLLIER - Professor, Oxford University
General
Discussion
IMPLICATIONS FOR MONETARY POLICY
Impact
of Globalization on Monetary Policy
KENNETH S. ROGOFF - Professor, Harvard University
Discussant: CHARLES
BEAN - Executive Director and Chief Economist, Bank of England
General
Discussion
OVERVIEW PANEL
Panelists:
MARTIN FELDSTEIN
- President and Chief Executive Officer, National Bureau of
Economic Research
ARMINIO
FRAGA - Chief Executive Officer, Gavea Investimentos
RAKESH
MOHAN - Deputy Governor, Reserve Bank of India
General Discussion
The
Participants
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Each
year since 1978, the Federal Reserve Bank of Kansas City has
sponsored a symposium on an important economic issue facing
the U.S. and world economies. Symposium participants include
prominent central bankers, finance ministers, academics, and
financial market participants from around the world. The
participants convene to discuss the economic issues,
implications, and policy options pertaining to the symposium
topic. The symposium proceedings include papers, commentary,
and discussion.
- 2010
"Macroeconomic Challenges: The Decade Ahead"
- 2009
"Financial Stability and Macroeconomic
Policy"
- 2008
"Maintaining Stability in a Changing Financial
System"
- 2007
"Housing, Housing Finance, and Monetary
Policy"
- 2006
"The New Economic Geography: Effects and Policy
Implications"
- 2005,
"The Greenspan Era: Lessons for the Future"
- 2004,
"Global Demographic Change: Economic Impacts and
Policy Challenges"
- 2003,
"Monetary Policy and Uncertainty: Adapting to a
Changing Economy"
- 2002,
"Rethinking Stabilization Policy"
- 2001,
"Economic Policy for the Information
Economy"
- 2000,
"Global Economic Integration: Opportunities and
Challenges"
- 1999,
"New Challenges for Monetary Policy"
- 1998,
"Income Inequality Issues and Policy
Options"
- 1997,
"Maintaining Financial Stability in a Global
Economy"
- 1996,
"Achieving Price Stability"
- 1995,
"Budget Deficits and Debt: Issues and
Options"
- 1994,
"Reducing Unemployment: Current Issues and Policy
Options"
- 1993,
"Changing Capital Markets: Implications for
Monetary Policy"
- 1992,
"Policies for Long-Run Economic Growth"
- 1991,
"Policy Implications of Trade and Currency
Zones"
- 1990,
"Central Banking Issues in Emerging
Market-Oriented Economies"
- 1989,
"Monetary Policy Issues in the 1990's"
- 1988,
"Financial Market Volatility"
- 1987,
"Restructuring The Financial System"
- 1986,
"Debt, Financial Stability, and Public
Policy"
- 1985,
"Competing in the World Marketplace: The
Challenge for American Agriculture"
- 1985,
"The U.S. Dollar - Recent Developments, Outlook,
and Policy Options"
- 1984,
"Price Stability and Public Policy"
- 1983,
"Industrial Change and Public Policy"
- 1982,
"Monetary Policy Issues in the 1980's"
- 1981,
"Modeling Agriculture for Policy Analysis in the
1980's"
- 1980,
"Future Sources of Loanable Funds for
Agricultural Banks"
- 1979,
"Western Water Resources: Coming Problems and the
Policy Alternatives"
- 1978,
"World Agricultural Trade: The Potential for
Growth"
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The Group of Twenty
(G-20)
"The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was
established in 1999 to bring together systemically important industrialized and
developing economies to discuss key issues in the global economy. The inaugural
meeting of the G-20 took place in Berlin, on December 1516, 1999, hosted by
German and Canadian finance ministers.
The G-20 is an informal forum that promotes open and constructive discussion
between industrial and emerging-market countries on key issues related to global
economic stability. By contributing to the strengthening of the international
financial architecture and providing opportunities for dialogue on national
policies, international co-operation, and international financial institutions,
the G-20 helps to support growth and development across the globe."
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