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Authors,
please upload your paper here. |
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NATIONAL
BUREAU OF ECONOMIC RESEARCH, INC. |
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Lessons
from the Financial Crisis for Monetary Policy |
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Mark Gertler, Organizer |
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October
18-19, 2013 |
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Intercontinental
Hotel Rose
Kennedy Ballroom |
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PROGRAM |
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Friday,
October 18 |
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8:30
a.m. |
Coffee
and pastries |
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9:00
a.m. |
Aloisio Araujo, IMPA Susan
Schommer, IMPA |
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Michael
Woodford, Columbia University and NBER |
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Conventional and Unconventional
Monetary Policy with Endogenous Collateral Constraints (slides) |
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Discussant:
John Geanakoplos, Yale University (slides) |
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10:00
a.m. |
Coffee
break |
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10:30
a.m. |
Mark
Gertler, New York University and NBER |
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Peter
Karadi, European Central Bank |
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Monetary Policy Surprises, Credit
Costs, and Economic Activity (slides) |
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Discussant:
Eric T. Swanson, Federal Reserve Bank of San Francisco (slides) |
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11:30
a.m. |
Simon
Gilchrist, Boston University and NBER |
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David
Lopez-Salido, Federal Reserve Board |
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Egon Zakrajsek,
Federal Reserve Board |
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Monetary Policy and Real Borrowing Costs at
the ZLB (slides) |
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Discussant:
James D. Hamilton, University of California at San Diego and NBER (slides) |
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12:30
p.m. |
Lunch |
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2:00
p.m. |
Jordi Gali,
CREI and NBER Luca
Gambetti, Universitat Autonoma de Barcelona |
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The
Effects of Monetary Policy on Asset Price Bubbles: Some Evidence (slides) |
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Discussant:
Lucrezia Reichlin, London
Business School (slides) |
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3:00
p.m. |
Lawrence
Christiano, Northwestern University and NBER |
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Martin
S. Eichenbaum, Northwestern University and NBER |
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Mathias
Trabandt, Board of Governors |
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Discussant:
Robert E. Hall, Stanford University and NBER (slides) |
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4:00
p.m. |
Coffee
break |
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4:30
p.m. |
Panel
discussion on lessons from the crisis for monetary policy: |
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Moderator: James Poterba,
Massachusetts Institute of Technology and NBER |
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Marvin
Goodfriend, Carnegie Mellon University and NBER |
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Frederic
S. Mishkin, Columbia University and NBER |
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Jeremy
C. Stein, Federal Reserve Board of Governors |
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John
Williams, Federal Reserve Bank of San Francisco |
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6:00
p.m. |
Adjourn
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6:30
p.m. |
Reception
Intercontinental Hotel, Dartmouth and Eleanor Rooms |
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7:00
p.m. |
Dinner |
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Speaker:
Olivier J. Blanchard, International Monetary Fund and NBER |
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Saturday,
October 19 |
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8:30
a.m. |
Coffee
and pastries |
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9:00
a.m. |
Olivier
Coibion, University of Texas, Austin and NBER |
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Yuriy Gorodnichenko,
University of California at Berkeley and NBER |
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Is
The Phillips Curve Alive and Well After All? Inflation Expectations and the
Missing Disinflation (slides) |
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Discussant:
Virgiliu Midrigan, New
York University and NBER (slides) |
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10:00
a.m. |
Coffee
break |
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10:30
a.m. |
Markus
K. Brunnermeier, Princeton University and NBER Yuliy Sannikov,
Princeton University |
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Discussant:
Anil Kashyap, University of Chicago and NBER (slides) |
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11:30
a.m. |
Lars
E.O. Svensson, Stockholm University and NBER |
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Forward
Guidance as a Monetary Policy Tool in Theory and Practice: The Swedish
Experience (slides) |
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Discussant:
Christopher A. Sims, Princeton University and NBER (slides) |
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12:30
p.m. |
Adjourn
and lunch |
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