Article: Interest rates and monetary policy: conference summary.

This Economic Letter summarizes the papers presented at a conference on "Interest Rates and Monetary Policy" held at the Federal Reserve Bank of San Francisco on March 19 and 20, 2004, under the joint sponsorship of the Federal Reserve Bank of San Francisco and the Stanford Institute for Economic Policy Research. The papers are listed at the end and are available at http://www.frbsf.org/economics/conferences/0403/index.html.

The six papers presented at this conference address key questions, advancing our knowledge of how macroeconomic shocks are transmitted through the economy and how they affect the prices of financial assets.

Four of the papers focus ...

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