Friday, March 1, 2013

In 1913, President Woodrow Wilson signed the Federal Reserve Act into law, and the Federal Reserve System was created. In recognition of the centennial of the Fed’s founding, the Economic Research Department of the Federal Reserve Bank of San Francisco is sponsoring a research conference on the theme “The Past and Future of Monetary Policy.”

Agenda

Morning Session Chair:?John Fernald,?Federal Reserve Bank of San Francisco

8:15 AM

Continental Breakfast

8:50 AM

Welcoming Remarks
John Williams, President, Federal Reserve Bank of San Francisco

9:00 AM

Robert Hall,?Stanford University
Ricardo Reis,?Columbia University
Controlling Inflation and Maintaining Central Bank Solvency under New-Style Central Banking
Presentation Slides?

Discussants
John Leahy,?New York University
Carl Walsh,?University of California, Santa Cruz

10:15 AM

Break

10:35 AM

Christopher Gust,?Federal Reserve Board
David Lopez-Salido,?Federal Reserve Board
Matthew Smith,?Federal Reserve Board
The Empirical Implications of the Interest-Rate Lower Bound
Presentation Slides

Discussants
Martin Eichenbaum,?Northwestern University
Christopher Sims,?Princeton University

11:50 AM

Break

12:00 PM

Lunch – Market Street Dining Room, Fourth Floor
Introduction:?Glenn Rudebusch, Director of Research,?Federal Reserve Bank of San Francisco
Speaker:?Lars Svensson, Deputy Governor,?Riksbank

Afternoon Session Chair:?Eric Swanson,?Federal Reserve Bank of San Francisco

1:15 PM

Anna Cieslak,?Kellogg School of Management, Northwestern University
Pavol Povala,?Stern School of Business, New York University
Expecting the Fed
Presentation Slides

Discussants
Kenneth Singleton,?Stanford Graduate School of Business
Mark Watson,?Princeton University

2:30 PM

Break

2:45 PM

Frederic Boissay,?European Central Bank
Fabrice Collard,?University of Bern
Frank Smets,?European Central Bank
Booms and Systemic Banking Crises
Presentation Slides

Discussants
Lawrence Christiano,?Northwestern University
Mark Gertler,?New York University

4:00 PM

Break

4:15 PM

Christopher Hanes,?SUNY Binghamton
Monetary Policy Alternatives at the Zero Bound: Lessons from the 1930s U.S.
Presentation Slides

Discussants
Gary Richardson,?University of California, Irvine
James Hamilton,?University of California, San Diego

5:30 PM

Reception – West Market Street Lounge, Fourth Floor

6:15 PM

Dinner – Market Street Dining Room, Fourth Floor
Introduction:?John Williams, President,?Federal Reserve Bank of San Francisco
Speaker:?Ben Bernanke, Chairman,?Federal Reserve Board of Governors