ABOUT THE CONFERENCE
Two related questions are central to an evaluation the Fed’s monetary policy strategy. First, how robust is the strategy? Second, can the strategy be improved by altering the degree of data dependence, by reconsidering monetary tools or instruments, or by changing communications about the strategy? The aim of this policy conference is to present relevant research developments and debate these and other crucial policy questions. The conference is meant to be complementary to other reviews of monetary policy this year. The conference consists of formal presentations, policy panels, and in-depth discussions by academic researchers, market participants, members of the media, and monetary policy makers.
This conference is by invitation only. A reception and dinner will be held from 6 pm to 8 pm on May 2. Click the links under "CONTENT" to watch the livestream of the conference. As they become available, links to papers and remarks will be posted under "PRESENTERS/PANELISTS" and links to discussions will be posted under "DISCUSSANT/CHAIR."
FRIDAY, MAY 3
| Time | Content | Presenters/panelists | Discussant/CHAIR |
|---|---|---|---|
| 8:30 AM |
Richard Clarida, Vice Chair, Federal Reserve Board |
-- |
|
| 9:15 AM |
Kenneth Rogoff, Harvard University (joint with Andrew Lilley, Harvard University) |
Andrew T. Levin, Dartmouth College Chair: Michael Bordo, Rutgers University and Hoover Institution |
|
| 10:30 am |
Break |
-- |
-- |
| 10:45 am |
Tying Down the Anchor: Monetary Policy Rules and the Lower Bound on Interest Rates |
John Williams, President, Federal Reserve Bank of New York (joint with Thomas Mertens, Federal Reserve Bank of San Francisco) |
Monika Piazzesi, Stanford University Chair: Kevin Warsh, Hoover Institution |
| 12:00-1:30 pm |
Lunch - Milton Friedman and the Long History of Monetary Policy Rules |
Jennifer Burns, Stanford University |
Chair: Michelle Bowman, Governor, Federal Reserve Board |
| 1:45 pM |
James Hamilton, University of California, San Diego |
Peter Ireland, Boston College Chair: Adrien Auclert, Stanford University |
|
| 3:00 PM |
Break |
-- | -- |
| 3:15 PM |
Laurie Hodrick, Hoover Institution Mickey Levy, Berenberg Capital Markets Scott Minerd, Guggenheim Partner |
Chair: George Shultz, Hoover Institution |
|
| 4:30 PM |
Break |
-- | -- |
| 4:45 PM |
Policy Panel on "Monetary Strategies in Practice" |
James Bullard, President, Federal Reserve Bank of St. Louis Mary Daly, President, Federal Reserve Bank of San Francisco Robert Kaplan, President, Federal Reserve Bank of Dallas Loretta Mester, President, Federal Reserve Bank of Cleveland |
Chair: Charles Plosser, Hoover Institution |
| 6:15 PM |
Adjourn |
-- | -- |
| 6:15 PM |
Reception and Dinner - Is Current Policy Strategic and Robust? |
Volker Wieland, Goethe University (with John Cochrane and John Taylor) |
David Papell, University of Houston |
