Central Banking: Before, During, and After the Crisis
A conference sponsored by the Federal Reserve Board and the International Journal of Central Banking
March 23-24, 2012, Washington, D.C.
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
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
Saturday, March 24, 2012
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
10:30 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
12:45 p.m.
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
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.