October 31—November 1, 2008
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| Friday, October 31, 2008 | |
| Session 1 | |
| 2:00—3:00 |
“Sophisticated Monetary Policies” |
| 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] |
| 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” |
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Saturday, November 1, 2008 |
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Session 2 |
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| 8:30-9:00 |
Breakfast |
| 9:00—10:00 |
“Credit Frictions and Optimal Monetary Policy” |
| 10:00—10:15 | Break |
| 10:15—11:15 |
“Real Effects of Price Stability with Endogenous Nominal Indexation" Presenters: Cesaire Meh (Bank of Canada), |
| 11:15—11:30 | Break |
| 11:30—12:30 |
“Financial Factors in Economic Fluctuations” Presenters: Larry Christiano (Northwestern), |
| 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 |
| 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] |