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 | ||
