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The Philadelphia Fed Policy Forum

December 2, 2005

The fifth annual Philadelphia Fed Policy Forum, "Fiscal Imbalance: Problems, Solutions, and Implications," was held on Friday, December 2, 2005, at the Federal Reserve Bank of Philadelphia.

The Policy Forum, organized by the Federal Reserve Bank of Philadelphia's Research Department, brought together a group of highly respected academics, policymakers, and market economists, for a discussion of important macroeconomic and monetary policy issues that the Federal Reserve will need to grapple with in the coming year. The Policy Forum was not intended to be a traditional academic conference on monetary policy, nor a discussion of issues relevant to the next FOMC meeting. Rather, the annual Policy Forum has taken a longer term perspective and has attempted to engage the right people in a discussion of current macroeconomic research and its implications for monetary policy.

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