This conference, jointly sponsored by AEI and the National Association for Business Economics, will address monetary policy and its effects on financial markets. The first panel will discuss the process of policy formulation, including everything from key factors affecting policy to the evolution of transparency across central banks around the world.

The second panel will explore how well information is communicated between central banks and financial market participants. Do financial market reactions match up with Fed intentions? Are financial markets focusing on the right themes? What role does the press play in the process?

After each panel discussion, the audience will be encouraged to engage in a discussion of the issues.