The Participants. BODIL NYBOE ANDERSEN Chairman Danmarks Nationalbank. ALAN D. BARKEMA Vice President Federal Reserve Bank of Kansas City

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1 The Participants BODIL NYBOE ANDERSEN Chairman Danmarks Nationalbank WAYNE ANGELL Senior Managing Director & Bear, Stearns & Co., Inc. URBAN BÄCKSTRÖM Bank of Sweden GERARD BAKER Washington Bureau Chief Financial Times HASAN BAKHSHI Manager Structural Economic Analysis Division Bank of England LESZEK BALCEROWICZ National Bank of Poland ALAN D. BARKEMA Vice MARTIN H. BARNES Managing Editor The Bank Credit Analyst Research Group JACK H. BEEBE Senior Vice and of San Francisco DICK BERNER Chief U.S. Economist Morgan Stanley Inc. JOHN BERRY Reporter The Washington Post ANDRÉE BILLON Executive Director Banque Centrale Du Luxembourg 427

2 428 The Participants ALAN BLINDER Professor Princeton University FREDERICK S. BREIMYER State Street Corporation J. ALFRED BROADDUS, JR. of Richmond MARITZA CABEZAS Director Macroeconomic Programming and Short Term Policies Central Bank of Ecuador CHOL-HWAN CHON The Bank of Korea JOHN CRANFORD Economics Editor Bloomberg Business News ANDREW CROCKETT General Manager Bank for International Settlements CHRISTINE M. CUMMING Executive Vice and of New York JAVIER DE LA ROCHA General Manager The Central Reserve Bank of Peru MICHAEL S. DERBY Reporter Dow Jones Newswires ROBERT H. DUGGER Managing Director Tudor Investment Corporation TERRENCE P. DUNN & Chief Executive Officer Dunn Industries, Inc. ROBERT A. EISENBEIS Senior Vice and of Atlanta CHARLES FREEDMAN Deputy Bank of Canada JACOB A. FRENKEL Merrill Lynch International United Kingdom JEFFREY L. GERHART /CEO The First National Bank of Newman Grove

3 The Participants 429 EFI GILDOR Principal Gildor Trading Inc. SVEIN GJEDREM Norges Bank MORRIS GOLDSTEIN Senior Fellow Institute for International Economics LYLE E. GRAMLEY Consulting Economist Mortgage Bankers Association of America EDWARD M. GRAMLICH Board of s of the DAVID GRUEN Head, Economic Research Department Reserve Bank of Australia ROGER GUFFEY Former BIRGIR ÍSLEIFUR GUNNARSSON and Chairman Central Bank of Iceland JACK GUYNN of Atlanta CRAIG S. HAKKIO Senior Vice and DAVID D. HALE Global Zurich Financial Services, Inc. JOHN HALTIWANGER Professor Department of Economics University of Maryland ROBERT HELLER Executive Vice Fair, Isaac and Company, Inc. THOMAS M. HOENIG WILLIAM C. HUNTER Senior Vice and of Chicago

4 430 The Participants GEORGE A. KAHN Vice and Economist HENRY KAUFMAN Henry Kaufman and Company, Inc. JAAP KONING Director Secretary De Nederlandsche Bank N.V. DINO KOS Executive Vice of New York MICKEY D. LEVY Bank of America LAWRENCE B. LINDSEY Assistant to the for Economic Policy and Director of National Economic Council The White House JOHN LIPSKY JP Morgan Chase BRIAN F. MADIGAN Deputy Director, Division of Monetary Affairs Board of s of the YASUHIRO MAEHARA General Manager Chief Representative Office in the Americas Bank of Japan MARCO MAGNANI Director Real Economy Directorate Research Department Bank of Italy JOHN H. MAKIN Principal Caxton Corporation JORGE MARSHALL Vice of the Board Central Bank of Chile TITO MBOWENI South African Reserve Bank South Africa ROBERT D. MCTEER, JR. of Dallas

5 The Participants 431 ALLAN MELTZER Professor, Department of Economics Carnegie-Mellon University LORETTA J. MESTER Senior Vice and of Philadelphia LAURENCE H. MEYER Board of s of the RICHARD MILLER Senior Writer Business Week FREDERIC S. MISHKIN Hepburn Professor of Business Columbia University MICHAEL H. MOSKOW of Chicago ALAN MURRAY Washington Bureau Chief The Wall Street Journal MICHAEL MUSSA Special Advisory to the Managing Director International Monetary Fund GUS O DONNELL Managing Director, Macroeconomic Policy and International Finance Her Majesty s Treasury KUNIO OKINA Director Institute for Monetary and Economic Studies Bank of Japan FATIH ÖZATAY Vice The Central Bank of the Republic of Turkey TATYANA PARAMONOVA First Deputy Chairman Central Bank of the Russian Federation ROBERT T. PARRY and Chief Executive Officer of San Francisco HAMPTON PEARSON Washington Correspondent CNBC-Washington Bureau MICHEL PEYTRIGNET Director, Economic Studies Swiss National Bank

6 432 The Participants SUSAN M. PHILLIPS Dean, School of Business & Public Management The George Washington University PETER PRAET Executive Director National Bank of Belgium ROBERT H. RASCHE Senior Vice and of St. Louis RICHARD K. RASDALL First Vice HERMANN REMSPERGER Member of the Board of the Deutsche Bundesbank and Deutsche Bundesbank NORMAN ROBERTSON Economic Advisor Smithfield Trust Co. BARRY K. ROBINSON Former Vice and Public Information Officer HARVEY ROSENBLUM Senior Vice and of Dallas ROBERTO MIGUEL SALINAS-LEÓN Executive Director of Policy Analysis TV Azteca ANTHONY M. SANTOMERO of Philadelphia REINOLDIJUS SARKINAS Chairman of the Board The Bank of Lithuania KERMIT L. SCHOENHOLTZ Managing Director and Citigroup GORDON H. SELLON, JR. Vice and Economist MURRAY SHERWIN Deputy Reserve Bank of New Zealand

7 The Participants 433 ALLEN SINAI Chief Global Economist Decision Economics, Inc. MICHELLE SMITH Assistant to the Board Board of s of the MARK S. SNIDERMAN Senior Vice and of Cleveland GLENN SOMERVILLE Economic Correspondent Reuters America, Inc. NICHOLAS H. STERN Senior Vice The World Bank CHARLES S. STRUCKMEYER Associate Director Research and Statistics Board of s of the RALPH W. TRYON Assistant Director, International Finance Division Board of s of the GERTRUDE TUMPEL- GUGERELL Vice Central Bank of Austria LOUIS UCHITELLE Economics Writer The New York Times ALBERTO UNANUE Economic Advisor Central Bank of Venezuela MATTI VANHALA Bank of Finland PAM WOODALL Economics Editor The Economist DINA TEMPLE-RASTON Economic Reporter USA Today UMAYYA TOUKAN Central Bank of Jordan

The Participants. ERDEM BASCI Vice Governor Central Bank of the Republic of Turkey. EDMUND ANDREWS Economics Correspondent The New York Times

The Participants. ERDEM BASCI Vice Governor Central Bank of the Republic of Turkey. EDMUND ANDREWS Economics Correspondent The New York Times The Participants EDMUND ANDREWS Economics Correspondent The New York Times BODIL NYBOE ANDERSEN Chairman Danmarks Nationalbank LESZEK BALCEROWICZ National Bank of Poland ANDREW BALLS International Economics