The Federal Reserve Bank of
San Francisco
and Stanford Institute for Economic Policy Research
|
Conference Program
|
| Federal
Reserve Bank of San Francisco |
| Friday,
February 28 |
| Morning
Session Chair: GLENN RUDEBUSCH, Federal Reserve
Bank of San Francisco |
|
8:15 A.M. |
Continental breakfast |
|
8:55 A.M. |
Welcoming
Remarks:
ROBERT PARRY, Federal Reserve Bank of San Francisco
|
|
9:00 A.M. |
ROBERT
E. HALL, Stanford University
Dynamics of Corporate
Earnings (PDF - 245 KB) |
|
Discussant: |
ANDREW
ABEL, University of Pennsylvania |
|
10:15 A.M. |
Break |
|
10:45 A.M. |
BEN
BERNANKE, Federal Reserve Board
KENNETH N. KUTTNER, Federal Reserve Bank of New
York
What Explains the
Stock Market's Reaction to Federal Reserve Policy?
(PDF - 135 KB) |
|
Discussant: |
CHRISTOPHER
SIMS, Princeton University |
| 12:00
P.M. |
Lunch
– Market Street Dining Room, Fourth Floor |
| |
|
Afternoon Session Chair: John C. Williams, Federal
Reserve Bank of San Francisco
|
| 1:15
P.M. |
ALAN
AUERBACH, University of California, Berkely
MAURICE OBSTFELD, University of California, Berkeley
The Case for Open-Market
Purchases in a Liquidity Trap (PDF - 107 KB) |
|
Discussant: |
LARS
SVENSSON, Princeton University |
| 2:30
P.M. |
Break |
| 2:45
P.M. |
ANDREW
ANG, Columbia University
MONIKA PIAZZESI, University of California, Los
Angeles
MIN WEI, Columbia University
What Does the Yield Curve Tell us
about GDP Growth? (PDF - 392 KB) |
|
Discussant: |
MARK
WATSON, Princeton University |
| 4:00
P.M. |
Break |
|
4:15 P.M. |
PETER
HÖRDAHL, European Central Bank
ORESTE TRISTANI, European Central Bank
DAVID VESTIN, European Central Bank
A Joint Econometric Model of Macroeconomic
and Term Structure Dynamics (PDF - 546 KB) |
|
Discussant: |
KEN
SINGLETON, Stanford University |
|
5:30 P.M. |
Reception – West Market Street Lounge, Fourth Floor
|
|
6:30 P.M. |
Dinner – Market Street Dining Room, Fourth Floor
|
| Introduction: |
ROBERT
PARRY, Federal Reserve Bank of San Francisco |
|
Speaker: |
DON
KOHN, Federal Reserve Board
The
Strength in Consumer Durables and Housing |
| |
|
|
Saturday, March 1 |
| Morning
Session Chair: RICHARD DENNIS, Federal Reserve
Bank of San Francisco |
|
8:15 A.M. |
Continental Breakfast |
| 9:00
A.M. |
CHARLES
ENGEL, University of Wisconsin
KENNETH D. WEST, University of Wisconsin
Exchange Rates and Fundamentals
(PDF - 420 KB) |
|
Discussant: |
CLIVE
GRANGER, University of California, San Diego
Comments |
| 10:15
A.M. |
Break |
| 10:45
A.M. |
REFET
GÜRKAYNAK, Federal Reserve Board
BRIAN SACK, Federal Reserve Board
ERIC SWANSON, Federal Reserve Board
The Excess Sensitivity of
Long-Term Interest Rates: Evidence and Implications for
Macroeconomic Models (PDF - 382 KB) |
|
Discussant: |
QIANG
DAI, New York University |
|
12:00 P.M. |
Buffet Lunch |
