Abstract

The first eight papers in this issue constitute a Symposium on Optimal Monetary Policy. A call for papers on this topic was published in the July 2000 issue of the Review. There we asked for papers on the theoretical analysis of optimal monetary stabilization policy, in the context of models of the real effects of monetary policy with explicit microeconomic foundations. The proposed topic of the symposium attracted considerable interest, and we received 29 submissions, from among which these eight papers were accepted for publication. All submitted papers were refereed and subjected to the usual editorial standards of the Review. The final two papers in this issue were not submitted in response to the call for papers for the symposium, but are other papers submitted to the journal that are of some relevance to the theme of this issue.

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