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3:30 - 4:45 pm Salon D
The use of incoming economic and financial indicators in monetary policymaking will be discussed along with a review of goals and objectives of monetary policy
Kate Barker speech transcript (PDF, 105 K)
Bank of England Monetary Policy
Carl R. Tannenbaum, Chief Economist, LaSalle Bank/ABN/AMRO N.A., moderator
Kate Barker
Member
Bank of England
Kate Barker was appointed as an external member of the Monetary Policy Committee with effect from 1 June 2001. The MPC is responsible for setting interest rates to meet the Government's inflation target of 2.0 percent.
From 1994-2001 Kate was Chief Economic Adviser at the CBI. She was previously Chief European Economist at the Ford Motor Company (1985-1994), and before that a Research Officer at the National Institute of Economic and Social Research (1981-1985). Other previous appointments include membership of Chancellor Clarke's Panel of Independent Economic Advisers 1996-97; and she was a non-executive Director of the Yorkshire Building Society (1999-April 2001).
Kate took a BA in Philosophy, Politics and Economics at St Hilda's College, Oxford in 1979.
Laurence H. Meyer
Former Governor, Federal Reserve System
Vice Chairman, Macroeconomic Advisers
Laurence H. Meyer served as a member of the Board of Governors of the Federal
Reserve from June 20, 1996 until January 31, 2002. He was widely recognized
as an influential member of the Federal Open Market Committee and built a
reputation for independent thinking and sraight talk about monetary policy.
Dr. Meyer was Chairman of the Boards Committee on Supervisory and Regulatory
Affairs, overseeing the Boards regulatory implementation of Gramm-Leach-Bliley
Act and its participation in negotiations toward a new international capital
accord. He also represented the Federal Reserve Board in several international
forums, including the Financial Stability Forum, the Economic Policy Committee
of the OECD, and APEC. He was responsible for monitoring developments in the
Asia Pacific region and participated in U.S. bilateral dialogues with the central
banks and finance ministries of Japan, China, and India.
Dr. Meyer is Vice Chairman at Macroeconomic Advisers (MA) and offers Monetary
Policy Insights in cooperation with MA. Macroeconomic Advisers was co-founded
by Dr. Meyer, Chris Varvares, and Joel Prakken in 1982 as Laurence H. Meyer
and Associates and Dr. Meyer served as President and Chairman of LHM&A
from 1982 to 1996. The firm was renamed in 1996 when Meyer joined the Federal
Reserve Board. Dr. Meyer is also a distinguished scholar at the Center for
Strategic and International Studies in Washington, D.C. He operates out of
his office in Washington D.C. In addition to his MPI service, Dr. Meyer is
available for speaking engagements.
Dr. Meyer is recognized as one of the nations leading economic forecasters.
He was honored by Business Week in 1986 as the top forecaster for the year
on its forecast panel. He was similarly honored in 1993 and 1996 with the prestigious
Annual Forecast Award, presented to the most accurate forecaster on the panel
for the Blue Chip Economic indicators.
Dr. Meyer received a B.A. (magna cum laude) from Yale University in 1965 and
a Ph.D. from Massachusetts Institute of Technology in 1970. He was also a professor
of economics at Washington University in St. Louis from 1969 to 1996 and a
former Chairman of the economics department and a Research Associate of the
Universitys Center for the Study of American Business.
Dr. Meyer serves on the Board of the National Bureau of Economic Research,
is a Senior Advisor to the G-7 Group, and a Fellow of the National Association
of Business Economists. He also received the 2002 Butler Award from the New
York Association of Business Economists for excellence in business economics
and is a member of the Board of Scholars of the American Council for Capital
Formation. He is the author of A Term at the Fed: An Insider's View
