Monetary Policy and Financial Frictions Conference

October 31—November 1, 2008
Minneapolis, Minnesota
Sponsored by the Bank of Canada and the
Federal Reserve Bank of Minneapolis
Organizers: Césaire Meh (Bank of Canada) and
Warren Weber (Federal Reserve Bank of Minneapolis)

 
Friday, October 31, 2008
Session 1  
2:00—3:00

Sophisticated Monetary Policies

Presenters: Andy Atkeson (UCLA),
V.V. Chari and Patrick Kehoe (Federal Reserve Bank of Minneapolis and University of Minnesota) [Slides]
Discussant: Fernando Alvarez (University of Chicago) [Slides]

3:00—3:15 Break
3:15—4:15 Liquidity and Trading Dynamics

Presenters: Veronica Guerrieri (University of Chicago) and Guido Lorenzoni (MIT) [Slides]
Discussant: Steve Williamson (Washington University)
[Slides]
4:15—4:30 Break
4:30—5:30

Monetary Policy in a Channel System

Presenters: Aleksander Berentsen and Cyril Monnet (Federal Reserve Bank of Philadelphia) [Slides]
Discussant: Jonathan Chiu (Bank of Canada) [Slides]

6:00—9:00

Conference Reception and Dinner

Hosted by Arthur J. Rolnick, Senior Vice President and Director of Research, Federal Reserve Bank of Minneapolis.

Price-Level Targeting
Keynote Speaker: Finn Kydland (UCSB, Nobel Laureate)

Saturday, November 1, 2008

Session 2

8:30-9:00

Breakfast

9:00—10:00

Credit Frictions and Optimal Monetary Policy

Presenters: Vasco Curdia (Federal Reserve Bank of New York) and Michael Woodford (Columbia University) [Sides]
Discussant: Andy Atkeson (UCLA) [Slides]

10:00—10:15 Break
   
10:15—11:15

Real Effects of Price Stability with Endogenous Nominal Indexation"

Presenters: Cesaire Meh (Bank of Canada),
Vincenzo Quadrini
(USC) and Yasuo Terajima
(Bank of Canada) [Slides]
Discussant: Matthias Doepke (Northwestern) [Slides]

11:15—11:30 Break
11:30—12:30

Financial Factors in Economic Fluctuations

Presenters: Larry Christiano (Northwestern),
Roberto Motto and Massimo Rostagno (ECB) [Slides]
Discussant: Guido Lorenzoni (MIT) [Slides]

12:30—2:00 Lunch
Session 3
2:00—3:00 Liquidity, Business Cycles and Monetary Policy

Presenters: Nobuhiro Kiyotaki (Princeton) and John Moore (LSE) [Slides]
Discussant: Narayana Kocherlakota (University of Minnesota and Federal Reserve Bank of Minneapolis) [Slides] Notes for Discussion
3:00—4:15

Trend and Cycles in Bond Premia

Presenters: Monika Piazzesi and Martin Schnieder
(Stanford) [Slides]
Discussant: John Heaton (University of Chicago) [Slides]

4:15—4:30 Break
4:30—5:30 Information, Liquidity and Asset Prices

Presenters: Benjamin Lester (University of Western Ontario), Andrew Postlewaite and Randy Wright (University of Pennsylvania). [Slides]
Discussant: Ricardo Lagos (NYU) [Slides]

 

 
Related Links
Economic Research Papers