Which of these agents' expectations are most important for inflation dynamics, and how can central bankers best extract the relevant information from the various available measures? Conclusion This evening I have touched on only a few of the questions that confront policymakers as we deal with the challenges we face.
The contributions of economic researchers in helping us to address these and other important questions have been and will continue to be invaluable. I will conclude by offering my best wishes for an interesting and productive conference. References Atkeson, Andrew, and Lee E. Ohanian (2001). "Are Phillips Curves Useful for Forecasting Inflation?" Federal Reserve Bank of Minneapolis, Quarterly Review, vol. 25 (Winter), pp. 2-11.