New revision: “Monetary Policy and Real Stabilization“, Sep 2002, in Rethinking Stabilization Policy, A Symposium Sponsored by the Federal Reserve Bank of Kansas City, forthcoming.

The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 2002 is shared between Daniel Kahneman, Princeton University, and Vernon L. Smith, George Mason University.

New written-up discussion of Vitor Gaspar and Frank Smets, “Monetary Policy, Price Stability and Output Gap Stabilization,” and Justin Wolfers, “Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing,” at the conference “Stabilizing the Economy: What Roles for Fiscal and Monetary Policy?,” July 11, 2002, New York.

Discussion of Vitor Gaspar and Frank Smets, “Monetary Policy, Price Stability and Output Gap Stabilization,” and Justin Wolfers, “Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing,” at the conference “Stabilizing the Economy: What Roles for Fiscal and Monetary Policy?,” July 11, 2002, New York.

New revision and acceptance: “Indicator Variables for Optimal Policy,” (with Michael Woodford), July 2002, Journal of Monetary Economics, forthcoming.

Talk at the Nordic Central Bank Meeting, “Possible Improvements of the Eurosystem’s Monetary Policy Regime,” Mariehamn, Åland, June 25, 2002.

New paper: “Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux,” (with Michael Woodford, Princeton University), June 2002.

New revision and acceptance: “Indicator Variables for Optimal Policy under Asymmetric Information,” (with Michael Woodford, Princeton University), June 2002, Journal of Economic Dynamics and Control, forthcoming.

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