Federal Reserve Bank of San Francisco

Economic Research

Monetary Policy and Asset Markets

February 22, 2008

Agenda Download (PDF – 34.7KB)

Agenda

Friday, February 22
 
8:10 A.M. Continental Breakfast
 
8:50 A.M. Welcoming Remarks:
Janet Yellen, Federal Reserve Bank of San Francisco
Morning Session Chair: John Williams, Federal Reserve Bank of San Francisco
9:00 A.M. Monetary Policy Shifts and the Term Structure (PDF – 309 KB)
Presenter:
Andrew Ang, Columbia Business School
Jean Boivin, Institute of Applied Economics, Montreal
Sen Dong, Lehman Brothers
Discussants:
Giorgio Primiceri, Northwestern University
Kenneth D. West, University of Wisconsin
 
10:20 A.M. Break
 
10:40 A.M. Housing Market Spillovers: Evidence from an Estimated DSGE Model (PDF – 437 KB)
Presenters:
Matteo Iacoviello, Boston College
Stefano Neri, Bank of Italy
Discussants:
Tommaso Monacelli, Universitá Bocconi
Jonas Fisher, Federal Reserve Bank of Chicago
 
12:00 P.M. Lunch — Market Street Dining Room, Fourth Floor
 
Afternoon Session Chair: Richard Dennis, Federal Reserve Bank of San Francisco
1:30 P.M. Expectations, Real Exchange Rates, and Monetary Policy
Presenter:
Michael B. Devereux, University of British Columbia
Charles Engel, University of Wisconsin
Discussants:
Jon Faust, Johns Hopkins University
Michael Woodford
, Columbia University
 
2:50 P.M. Break
 
3:10 P.M. Learning about Risk and Return: A Simple Model of Bubbles and Crashes (PDF – 2.08MB)
Presenter: William Branch, University of California, Irvine
George Evans, University of Oregon
Discussants: Ken Kasa, Simon Fraser University
Bruce Preston, Columbia University
 
4:30 P.M. Bond Positions, Expectations, and the Yield Curve (PDF – 378KB)
Presenter:
Monika Piazzesi, Federal Reserve Bank of Minneapolis
and University of Chicago
Martin Schneider, Federal Reserve Bank of Minneapolis and NYU
Discussants:
Pierre-Olivier Gourinchas, University of California, Berkeley
Jonathan Wright, Federal Reserve Board
 
6:00 P.M. Reception – West Market Street Lounge, Fourth Floor
 
7:00 P.M. Dinner – Market Street Dining Room, Fourth Floor
Introduction:
Janet Yellen, Federal Reserve Bank of San Francisco
Speaker:
The Costs and Benefits of Deviating from the Systematic Component of Monetary Policy (PDF – 55KB)
  John B. Taylor, Stanford University