Abstract
Papers from a conference sponsored by the Federal Reserve Bank of Cleveland are presented, along with a panel discussion. The purpose of the conference was to encourage research and discussion on policies to achieve price stability. The papers are divided into three groups: papers based on the assumptions that money is a key source of the fluctuations in business cycles and that recessions have been caused by attempts to end inflation, papers studying the elements of monetary policy in equilibrium models, and papers on the sustainability of budget policies.