The Federal Reserve Bank of
San Francisco
and Stanford Institute for Economic Policy Research
|
| Conference
Summary |
| PDF
agenda (10KB) |
| Agenda |
| Friday,
March 19 |
|
8:15 A.M.
|
Continental
Breakfast  |
|
8:55 A.M.
|
Welcoming
Remarks:
Robert Parry, Federal Reserve Bank of
San Francisco |
| Morning
Session Chair: John C. Williams, Federal
Reserve Bank of San Francisco |
| 9:00
A.M. |
Future
Prices as Risk-adjusted Forecasts of Monetary Policy |
|
Presenters:
|
Monika Piazzesi, University
of Chicago
Eric Swanson, Federal Reserve Board
|
|
Discussants:
|
Charles Evans, Federal Reserve
Bank of Chicago
Comments (PDF - 293KB)
Frank Schorfheide, University of Pennsylvania
Comments (PDF
- 82KB)
|
| 10:30
A.M. |
Break |
| 11:00
A.M. |
A
Macro-Finance Model of the Term Structure, Monetary
Policy, and the Economy |
|
Presenters:
|
Glenn
Rudebusch, Federal Reserve Bank of San Francisco
Tao Wu, Federal Reserve Bank of San Francisco |
|
Discussants:
|
Greg
Duffee, University of California, Berkeley
Bennett McCallum, Carnegie Mellon
University |
|
| 12:30
P.M. |
Lunch — Market
Street Dining Room, Fourth Floor |
|
| Afternoon
Session Chair: Richard Dennis, Federal
Reserve Bank of San Francisco |
| 2:00
P.M. |
The
Term Structure of Real Rates and Expected Inflation (PDF
- 319KB) |
|
Presenters:
|
Andrew
Ang, Columbia University
Geert Bekaert, Columbia University |
|
Discussants:
|
Martin
Evans, Georgetown University
Comments (PDF
- 153KB)
Ken
West, University of Wisconsin |
| 3:30
P.M. |
Break |
| 4:00 P.M. |
Permanent
and Transitory Policy Shocks in an Empirical Macro
Model with Asymmetric Information (PDF
- 939KB) |
| Presenters: |
Sharon
Kozicki, Federal Reserve Bank of Kansas City
Peter Tinsley, George Washington University |
| Discussants: |
Alan
Blinder, Princeton University
Comments (PDF - 27KB)
Steven Durlauf, University of Wisconsin |
|
| 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: |
Ben
Bernanke, Federal Reserve Board |
|
|
Saturday, March 20
|
| 8:00 A.M. |
Continental
Breakfast |
| Morning
Session Chair: Narayana Kocherlakota, Stanford
University |
| 8:45 A.M. |
Regime
Shifts in a Dynamic Term Structure Model of U.S.
Treasury Bond Yields |
| Presenters: |
Qiang
Dai, New York University
Kenneth J. Singleton, Stanford University
Wei Yang, Stanford University |
| Discussants: |
James
Hamilton, University of California, San Diego
Comments (PDF
- 47KB)
John Heaton, University of Chicago
Comments (PDF
- 46KB) |
| 10:15
A.M. |
Break |
| 10:30
A.M. |
Empirical
and Policy Performance of a Forward-Looking Monetary
Model |
| Presenters: |
Alexei
Onatski, Columbia University
Noah Williams, Princeton University |
| Discussants: |
Jeffrey
Fuhrer, Federal Reserve Bank of Boston
Comments (PDF - 574KB)
Lars Hansen, University of Chicago
Comments (PDF - 50KB) |
|
| 12:00
P.M. |
Lunch |
|
| 1:00 P.M. |
Adjourn
|
