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The New York Fed and Columbia SIPA annual Workshop on Monetary Policy Implementation is an annual event which brings together international experts in monetary policy design and implementation to brainstorm and debate the “new normal” for central banks.  Plans (and execution of plans) for the normalization of monetary policy are an opportunity for central banks to step back and consider how to improve the effectiveness and efficiency of monetary policy, taking into account the lessons of the 2007-09 financial crisis and the important changes in global financial structure since then.  The workshop provides an annual forum for new thinking and debate about central bank operating procedures and frameworks.  Participants span academia, the financial industry, as well as current and former central bankers from around the world– to discuss the “new normal” in central bank monetary policy implementation frameworks.