I would like to start with a few words of gratitude. First, I would like to express my sincere appreciation to our two keynote speakers, Professor Robert Townsend and Dr Hyun Song Shin, as well as to all of the moderators, speakers and discussants.
As in past years, the organizers have brought together a very impressive list of participants who have made important contributions over the years helping the profession improve the art of monetary policymaking. I would particularly like to express my deepest gratitude to Professor Thomas Sargent for all of his guidance and support in organizing this year’s conference.