Federal Reserve Bank of San Francisco

Economic Research

Financial Market Imperfections and Macroeconomics Federal Reserve Bank of San Francisco 101 Market Street San Francisco, CA March 5, 2010

March 5, 2010

Morning Session Chair: Eric Swanson, Federal Reserve Bank of San Francisco
8:10 A.M. Continental Breakfast
8:50 A.M. Welcoming Remarks:
Janet Yellen, Federal Reserve Bank of San Francisco
9:00 A.M. Mark Gertler, New York University
Nobuhiro Kiyotaki, Princeton University
Financial Intermediation and Credit Policy in Business Cycle Analysis
  Discussant: Lawrence Christiano, Northwestern University
(copy of presentation)
Simon Gilchrist, Boston University
10:20 A.M. Break
10:40 A.M. Vasco Cúrdia, Federal Reserve Bank of New York
Michael Woodford, Columbia University
Conventional and Unconventional Monetary Policy
  Discussants: Robert Hall, Stanford University
(copy of presentation)
Noah Williams, University of Wisconsin, Madison
12:00 P.M. Lunch – Market Street Dining Room, Fourth Floor
Afternoon Session Chair: Sylvain Leduc, Federal Reserve Bank of San Francisco
1:15 P.M. Paul Beaudry, Oxford University (copy of presentation)
Amartya Lahiri, University of British Columbia
Risk Allocation, Debt Fueled Expansion and Financial Crisis
  Discussants: David Lopez-Salido, Federal Reserve Board of Governors
(copy of presentation)
Martin Schneider
, Stanford University
(copy of presentation)
2:35 P.M. Break
2:50 P.M. Moritz Schularick, Free University of Berlin
Alan Taylor, University of California, Davis
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

 

  Discussants:

 

Pierre-Olivier Gourinchas, University of California, Berkeley
Carmen Reinhart, University of Maryland
(copy of presentation)
4:10 P.M. Break
4:25 P.M. Marco Del Negro, Federal Reserve Bank of New York
Gauti Eggertsson, Federal Reserve Bank of New York
Andrea Ferrero, Federal Reserve Bank of New York
Nobuhiro Kiyotaki, Princeton University
The Great Escape? A Quantitative Evaluation of the Fed’s Non-standard Monetary Policy
  Discussants: James Hamilton, University of California, San Diego
(copy of presentation)
Zheng Liu,
Federal Reserve Bank of San Francisco
(copy of presentation)
5:45 P.M. Reception – West Market Street Lounge, Fourth Floor
6:30 P.M. Dinner – Market Street Dining Room, Fourth Floor
Introduction: Janet Yellen, Federal Reserve Bank of San Francisco
Speaker: Lars Svensson, Sveriges Riksbank
(copy of presentation)

Agenda PDF