NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

The First 100 Years of the Federal Reserve:
The Policy Record, Lessons Learned, and Prospects for the Future

Anil Kashyap, Christina Romer, and David Romer, Organizers

July 10, 2013

Royal Sonesta Hotel
40 Edwin Land Blvd.
Cambridge, Massachusetts

PROGRAM

7:30 am	Coffee and pastries
8:00 am	The Conduct of Monetary Policy
	Chair: Christina Romer, University of California at Berkeley and NBER
	Overview Paper: Penitence after Accusations of Error: 100 Years of Monetary Policy at the U.S. Federal Reserve
	Julio Rotemberg, Harvard University and NBER
	Commentators:
	Martin Eichenbaum, Northwestern University and NBER
	Frederic Mishkin, Columbia University and NBER
	Carmen Reinhart, Harvard University and NBER
9:15 am	Break
9:35 am	International Coordination and Crisis Management
	Chair: Anne Krueger, Johns Hopkins University and NBER
	Overview Paper: Does the Fed Care About the Rest of the World?
	Barry Eichengreen, University of California at Berkeley and NBER
	Commentators:
	Stanley Fischer, Bank of Israel and NBER
	Randall Kroszner, University of Chicago and NBER
	Lawrence Summers, Harvard University and NBER
10:50 am	Break
11:10 am	A Discussion with Paul Volcker
	Moderator: Martin Feldstein, Harvard University and NBER
12:00 pm	Lunch
1:00 pm	Central Bank Design
	Chair: David Romer, University of California at Berkeley and NBER
	Overview Paper: Central Bank Design
	Ricardo Reis, Columbia University and NBER
	Commentators:
	Alan Blinder, Princeton University and NBER
	Nancy Stokey, University of Chicago and NBER
	Jean-Claude Trichet, Group of Thirty
2:15 pm	Break
2:35 pm	Financial Regulation
	Chair: Anil Kashyap, University of Chicago and NBER
	Overview Paper: The Federal Reserve and Financial Regulation: The First Hundred Years
	Gary Gorton, Yale University and NBER
	Andrew Metrick, Yale University and NBER
	Commentators:
	Douglas Diamond, University of Chicago and NBER
	Philipp Hildebrand, BlackRock
	Donald Kohn, Bank of England and Brookings Institution
3:50 pm	Break
4:10 pm	Presentation by Ben Bernanke
	Moderator: James Poterba, Massachusetts Institute of Technology and NBER
5:15 pm	Adjourn