PDFForeword
THOMAS M. HOENIG
President, Federal Reserve Bank of Kansas City

PDFThe Contributors

PDFSymposium Summary

PDFOpening Remarks
ALAN GREENSPAN
Chairman, Board of Governors of the Federal Reserve System

PDFLong-Term Tendencies in Budget Deficits and Debt
PAUL MASSON
Assistant Director of Research, International Monetary Fund

MICHAEL MUSSA
Director of Research, International Monetary Fund

PDFCommentary
KUMIHARU SHIGEHARA
Head of the Department of Economics and Statistics, Organization for Economic Cooperation and Development
PDFTable 2

PDFGeneral Discussion

PDFWhat Do Budget Deficits Do?
LAURENCE BALL
Professor, Johns Hopkins University
N. GREGORY MANKIW
Professor, Harvard University

PDFCommentary
ROBERT A. JOHNSON
Moore Capital Management

PDFCommentary
ALLAN H. MELTZER
Professor, Carnegie-Mellon University

PDFGeneral Discussion

PDFMonetary Policy Implications of Greater Fiscal Discipline
JOHN B. TAYLOR
Professor, Stanford University

PDFCommentary
MERVYN KING
Chief Economist and Executive Director, Bank of England

PDFCommentary
HELMUT SCHIEBER
Member of the Directorate, Deutsche Bundesbank

PDFGeneral Discussion

PDFThe Canadian Experience in Reducing Budget Deficits and Debt
PAUL MARTIN
Minister of Finance, Canada

PDFSolutions for Developed Economies
ALAN J. AUERBACH
Professor, University of California, Berkeley

PDFSolutions for Developed Economies
ALBERTO GIOVANNINI
Professor, Columbia University

PDFSolutions for Developed Economies
PETER PETERSON
Chairman, The Blackstone Group

PDFSolutions for Developed Economies
JURGEN STARK
Under-Secretary for International Affairs, Ministry of Finance, Germany

PDFGeneral Discussion

PDFPublic Sector Deficits and Macroeconomic Stability in Developing Economies
SEBASTIAN EDWARDS
Chief Economist, Latin American and Caribbean Regional Office, The World Bank Edwards -
PDFTables 1, 6, 7, and 9

PDFCommentary
JOSE PABLO ARELLANO
Budget Director, Ministry of Finance, Chile

PDFCommentary
JOHN FLEMMING
Warden, Wadham College, Oxford University

PDFGeneral Discussion

Overview Panelists

PDFMARTIN FELDSTEIN
President, NBER

PDFGORAN PERSSON
Minister of Finance, Sweden

PDFJAMES D. WOLFENSOHN
President, The World Bank

PDFGeneral Discussion

PDFThe Participants