Financial Stability and Macroeconomic Policy
Foreword THOMAS M. HOENIG President, Federal Reserve Bank of Kansas City |
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Opening Remarks | BEN S. BERNANKE Chairman, Board of Governors of the Federal Reserve System |
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The Origins and Nature of Financial Crises | ||
Author: | RICARDO J. CABALLERO Professor, Massachusetts Institute of Technology |
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Paper: | The "Surprising" Origin and Nature of Financial Crises: A Macroeconomic Policy Proposal | |
Discussant: | KENNETH S. ROGOFF Professor, Harvard University |
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General Discusssion | ||
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Financial Crises and Economic Activity | ||
Authors: | STEPHEN G. CECCHETTI Economic Adviser and Head of the Monetary and Economic Department, Bank for International Settlements |
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CHRISTIAN UPPER Head of Financial Markets, Bank for International Settlements |
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Paper: | Financial Crises and Economic Activity | |
Discussant: | MARK GERTLER Professor, New York University |
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General Discussion | ||
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Policies to Stabilize Financial Markets | ||
Panelists: | CHARLES GOODHART Professor, London School of Economics |
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BRIAN F. MADIGAN Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System |
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JEAN-CHARLES ROCHET Professor, University of Toulouse |
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General Discussion | ||
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Luncheon Address | STANLEY FISCHER Governor, Bank of Israel |
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General Discussion | ||
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Monetary Policy to Stabilize Economic Activity | ||
Author: | CARL E. WALSH Professor, University of California, Santa Cruz |
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Paper: | Using Monetary Policy to Stabilize Economic Activity | |
Discussant: | MARK J. CARNEY Governor, Bank of Canada |
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General Discussion | ||
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Fiscal Policy to Stabilize Economic Activity | ||
Authors: | ALAN J. AUERBACH Professor, University of California, Berkeley |
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WILLIAM G. GALE Vice President and Director, Economic Studies, The Brookings Institution |
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Paper | Activist Fiscal Policy to Stabilize Economic Activity | |
Discussants: | R. GLENN HUBBARD Dean, Columbia Business School, Columbia University |
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KLAUS SCHMIDT-HEBBEL Professor, Catholic University of Chile |
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General Discusson | ||
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The International Policy Response to Financial Crises | ||
Panelists: | JAIME CARUANA General Manager, Bank for International Settlements |
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MASAAKI SHIRAKAWA Governor, Bank of Japan |
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JEAN-CLAUDE TRICHET President, European Central Bank |
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General Discussion | ||
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Roster of Attendees |