Our theme this year, "How to Get Back on Track," follows up on last year’s “How Monetary Policy Got Behind the Curve.” A key goal of the conference is to examine how to get back on track and, thereby, how to reduce the inflation rate without slowing down economic growth. The policy issue is largely international, with special discussions of Asia, Europe, and Latin America. This is a policy-oriented conference consisting of formal presentations, policy panels, and indepth discussions. The conference builds on previous Hoover monetary policy conferences going back fifteen years, from the 2008 conference up to the 2022 conference. Read about our 15-year milestone here. Background papers will be provided in advance of the conference.

This conference is by invitation only.

Time Content Participants

7:30–8:15 AM



8:15 AM

Welcome and Opening Remarks

Condoleezza Rice, Director, Hoover Institution

8:30 AM

30 Year Anniversary of the Taylor Rule - (video)

Richard Clarida, Columbia University (slides)

John Lipsky, Senior Fellow, Johns Hopkins University and Former First Deputy Managing Director, International Monetary Fund (slides)

Volker Wieland, Goethe University, Frankfurt (slides)

Chair: John Cochrane, Stanford University

9:45 AM

Financial Regulation: SVB and Beyond - (video)

Darrell Duffie, Stanford University (slides)

Randal Quarles, The Cynosure Group

Amit Seru, Stanford University (slides)

Chair: Anat Admati, Stanford University

11:00 AM


11:15 AM

Disinflation and the Stock Market - (video)

Read Disinflation and the Stock Market: Third World Lessons for First World Monetary Policy Here

Peter Henry, Stanford University (a paper with Anusha Chari) (slides)

Lead Discussant: Joshua Rauh, Stanford University (slides)

Chair: William Nelson, Bank Policy Institute

12:30 - 1:45 PM

Lunch - Inflation Targeting in Japan, 2013–2023 - (video)

Haruhiko Kuroda, Former Governor, Bank of Japan

Chair: John Taylor, Stanford University

1:45 PM



2:00 PM

Central Bank Balance Sheets - (video)

Read The Safety Net: Central Bank Balance Sheets and Financial Crises, 1587-2020 Here

Niall Ferguson, Stanford University, and

Paul Schmelzing, Boston College (a paper with Martin Kornejew and Moritz Schularick) (slides)

Lead Discussant: Barry Eichengreen, University of California, Berkeley (slides)

Chair: Michael Bordo, Rutgers University

3:15 PM

Forecasting Inflation and Output - (video)

Read The Fed: Bad Forecasts and Misguided Monetary Policy Here

Mickey Levy, Berenberg Capital Markets, LLC (slides)

Lead Discussant: Steven Davis, University of Chicago and Stanford University (slides)

Chair: James Wilcox, University of California, Berkeley

4:30 PM


4:45 PM Toward a Monetary Policy Strategy - (video)

James Bullard, President, Federal Reserve Bank, St Louis (slides) (press release)

Philip Jefferson, Governor, Federal Reserve Board (speech)

Jeff Lacker, Shadow Open Market Committee, and

Charles Plosser, Shadow Open Market Committee (slides)

Chair: John Taylor, Stanford University

6:00 - 6:30 PM


6:30 PM Dinner - Latin American Inflation - (video)

Sebastian Edwards, University of California, Los Angeles (slides)


If you have any questions about the event, contact Marie-Christine Slakey at slakey@stanford.edu.

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Tuesday, May 28, 2024
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Feminism In China After 2013: Social Movements, Media, And The State
The Hoover Project on China’s Global Sharp Power and Stanford's Clayman Institute for Gender Research invite you to Feminism in China After 2013: … Hoover Institution, Stanford University
Thursday, May 30, 2024 4:00 PM PT
The Boiling Moat: Urgent Steps to Defend Taiwan
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The Hoover Project on China’s Global Sharp Power and Taiwan in the Indo-Pacific Region invites you to The Boiling Moat on Thursday, May 30, 2024 from… Hoover Institution, Stanford University
Tuesday, June 4, 2024 2:30 PM ET
The Boiling Moat: Urgent Steps to Defend Taiwan
The Boiling Moat: Urgent Steps to Defend Taiwan
The China Global Sharp Power Project and the Project on Taiwan in the Indo-Pacific Region at the Hoover Institution invite you to the Washington, DC… U.S. Capitol – Dirksen Senate Office Building – G11
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