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Monetary policy. This is part of a conference on inflation hosted by the Brookings Institution center on fiscal and Monetary Policy. Its about an hour. And then were going to move to the next segment, which is really important, because it seems to me that theres a question not only about what we should do, but how we should get there. And it may that be we have something to learn from the canadian experience. So i want to introduce john david murray, who was, for 32 years at bank of canada, 32 or 34, john . 4 years at the bank of canada. Last four as deputy governor. He retired three years ago...

So, in thinking about this event and in what we wanted to accomplish here, what we set out to do was to have Larry Summers make the case why we should think about this, have a number of very experienced monetary economists who have views about what we should do, think about what we should do. In this panel, the question was, could we get some people to some very different points of view, to talk about, what difference does this really make . Is this worth the energy we spend on it and to whom does it matter . So we have a deliberately diverse panel. John taylor from stanford, wellknown for his...

What we should do. In this panel, the question was, could we get some people to some very different points of view, to talk about, what difference does this really make . Is this worth the energy we spend on it and to whom does it matter . So we have a deliberately diverse panel. John taylor from stanford, wellknown for his taylor rule, thinking about Monetary Policy for a long time. Christian forbes from mit, until recently on the Monetary Policy committee of the bank of england, correct me if i am wrong, you never had a chance to raise rates, is that right . Right. You tried. Peter hooper ch...

By the Brookings Institution center on fiscal and Monetary Policy, an hour and 45 minutes. So, in thinking about this event and in what we wanted to accomplish here, what we set out to do was to have Larry Summers make the case why we should think about this, have a number of very experienced monetary economists who have views about what we should do, think about what we should do. In this panel, the question was, could we get some people to some very different points of view, to talk about, what difference does this really make . Is this worth the energy we spend on it and to whom does it mat...

By the Brookings Institution center on fiscal and Monetary Policy, an hour and 45 minutes. So, in thinking about this event and in what we wanted to accomplish here, what we set out to do was to have Larry Summers make the case why we should think about this, have a number of very experienced monetary economists who have views about what we should do, think about what we should do. In this panel, the question was, could we get some people to some very different points of view, to talk about, what difference does this really make . Is this worth the energy we spend on it and to whom does it mat...