Discussion of Sebastian Edwards and Igal Magendzo, “A Currency of One’s Own? An Empirical Invistigation on Dollarization and Independent Currency Unions” at the Sveriges Riksbank and IIES Conference on Monetary Policy and Financial Markets in an Enlarged EU, Stockholm, May 17-18, 2002.

New briefing paper: “A Reform of the Eurosystem’s Monetary-Policy Strategy Is Increasingly Urgent,” May 2002.

New discussion written up: “Comments on Nancy Stokey, ‘Rules and Discretion’ after Twenty-Five Years,” 17th Annual Conference on Macroeconomics, NBER, Cambridge, MA, Apr 5-6, 2002.

New revision: “Money and Inflation in the Euro Area: A Case for Monetary Indicators?” (with Stefan Gerlach, Hong Kong Monetary Authority), April 2002. The predictive performance of the output gap has improved, most likely because of better estimation methods.

Discussion of Frank Smets and Rafael Wouters, “Monetary Policy in an Estimated SDGE Model of the Euro Area,” at the conference “Macroeconomic Models for Monetary Policy,” Federal Reserve Bank of San Francisco, Mar 1-2, 2002.

New interview: “Bordering on Abuse,” (in Swedish) in Dagens Industri, February 15, 2002, on the Riksbank’s Governing Board’s plan to obey, against the Executive Board’s recommendation, the Government’s request to hand over 20 bn kronor ($2 bn) of the Riksbank’s capital to the Government in order to contribute to the Government’s budget.

Discussion of Thomas Laubach and John C. Williams, “Measuring the Natural Interest Rate,” American Economic Association Annual Meeting, Atlanta, Jan 4-6, 2002.

Discussion of Athanasios Orphanides and John C. Williams, “Imperfect Knowledge, Inflation Expectations, and Monetary Policy,” Econometric Society North American Winter Meeting, Atlanta, Jan 4-6, 2002.

New briefing paper: “Sweden and the Euro,” Jan 2002.