Inflation dynamics and monetary policy : a symposium sponsored by The Federal Reserve Bank of Kansas City, Jackson Hole, Wyo., Aug. 27 - 29, 2015

Foreword / Esther L. George -- Introduction / Jonathan L. Willis -- The moderators - James Poterba, Erica L. Groshen -- Customer markets and financial frictions: implications for inflation dynamics / Simon Gilchrist, Egon Zakrajšek -- Commentary / Peter J. Klenow -- The international price system / Gita Gopinath -- Commentary / Charles Engel -- The impact of international spillovers on inflation dynamics and independent monetary policy: the Swiss experience / Thomas J. Jordan -- Inflation dynamics: lessons from past debates for current policy / Athanasios Orphanides -- Inflation dynamics in Latin America: a comparison with global trends and implications for monetary policy / Rodrigo Vergara -- Luncheon address / David Daokui Li -- The myth of normal: the bumpy story of inflation and monetary policy / Jon Faust, Eric M. Leeper -- Commentary / Takatoshi Ito -- Inflation during and after the zero lower bound / S. Borağan Aruoba, Frank Schorfheide -- Commentary / Lucrezia Reichlin -- Inflation in a globalized world / Mark Carney -- Understanding inflation dynamics and monetary policy / Vítor Constâncio -- U.S. inflation developments / Stanley Fischer -- The political economy of inflation dynamics / Raghuram Rajan -- General discussion -- The participants