The second conference organized by the International Research Forum on Monetary Policy was held at the Federal Reserve Board on November 14–15, 2003.

The Forum is sponsored by the European Central Bank (ECB), the Federal Reserve Board (FRB), the Center for German and European Studies (CGES) at Georgetown University, and the Center for Financial Studies (CFS) at the Goethe University. Its purpose is to encourage research on monetary policy issues that are relevant from a global perspective. It regularly organizes conferences that are held alternately in the euro area and the United States. The organizers of the 2003 conference are Ignazio Angeloni (ECB), Matthew Canzoneri (CGES), Dale Henderson (FRB), and Volker Wieland (CFS).