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Federal Reserve Board of Governors

Conference Program

Friday, March 23, 2012

2:00 p.m.

QE 1 vs. 2 vs. 3...A Framework for Analyzing Large-Scale Asset Purchases as a Monetary Policy Tool (PDF) | HTML

Authors: Mark Gertler, New York University
Peter Karadi, European Central Bank

Discussants: Olivier Blanchard, Chief Economist, International Monetary Fund and Massachusetts Institute of Technology
Varadarajan V. Chari, University of Minnesota

3:30 p.m.

Coffee Break

4:00 p.m.

Monetary Aggregates and the Central Bank's Financial Stability Mandate (PDF) | HTML

Authors: Hyun Jeong Kim, Bank of Korea
Hyun Song Shin, Princeton University
Jaeho Yun, Bank of Korea

Discussants: Alan Blinder, Princeton University and former Vice Chairman of the Federal Reserve Board
Annette Vissing-Jorgensen, Kellogg School of Management, Northwestern University

6:00 p.m.

Reception and Dinner

Saturday, March 24, 2012

8:00 a.m.

Continental Breakfast

8:30 a.m.

An Integrated Framework for Multiple Financial Regulations (PDF) | HTML

Author: Charles Goodhart, London School of Economics 
Anil Kashyap, Booth School of Business, University of Chicago
Dimitrios Tsomocos, Oxford University
Alex Vardoulakis, Banque de France

Discussants: Paul Tucker, Deputy Governor, Bank of England
Tobias Adrian, Federal Reserve Bank of New York

10:00 a.m.

Coffee Break

10:30 a.m.

Complexity and Monetary Policy (PDF) | HTML

Authors: Athanasios Orphanides, Governor, Central Bank of Cyprus and Member of the Governing Council of the European Central Bank
Volker Wieland, Goethe University Frankfurt

Discussants: Lars Svensson, Deputy Governor, Sveriges Riksbank
Glenn Rudebusch, Federal Reserve Bank of San Francisco

12:00 p.m.

Lunch

12:45 p.m.

Lunch Address by Jean-Claude Trichet, former President of the European Central Bank and Honorary Governor of the Banque de France

1:15 p.m.

Replumbing Our Financial System: Uneven Progress (PDF) | HTML

Author: Darrell Duffie, Graduate School of Business, Stanford University

Discussants: Stephen G. Cecchetti, Bank for International Settlements
Arvind Krishnamurthy, Kellogg School of Management, Northwestern University

2:45 p.m.

Coffee Break

3:00 p.m.

A Proposal for the Resolution of Systemically Important Assets and Liabilities: The Case of the Repo Market (PDF) | HTML

Authors: Viral Acharya, Stern School of Business, New York University
Sabri Oncu, Centre for Advanced Financial Research and Learning, Reserve Bank of India

Discussants: Andrew Crockett, J.P. Morgan Chase and Former General Manager of the Bank for International Settlements
Ricardo Caballero, Massachusetts Institute of Technology

4:30 p.m.

Panel Discussion: Challenges for the Future

Moderator: Janet Yellen, Vice Chair, Federal Reserve Board

Panelists: Mervyn King, Governor, Bank of England
Jaime Caruana, General Manager, Bank for International Settlements
Masaaki Shirakawa, Governor, Bank of Japan

6:00 p.m.

Adjourn

Last update: March 16, 2017