 |
| |
Federal
Reserve Bank of San Francisco
February 4, 2005 |
| Organizers: |
Reuven
Glick, Federal Reserve Bank of San Francisco
Andrew Rose, UC Berkeley
Mark Spiegel, Federal Reserve Bank of
San Francisco |
|
Agenda—PDF
Version
Summary—FRBSF Economic Letter 2005-32 |
| Program |
| 12:00 |
|
Lunch |
 |
| 1:15
p.m. |
|
Welcome
Remarks: |
| |
|
|
Janet
Yellen, Federal Reserve Bank of San Francisco |
|
| 1:30
p.m. |
|
Introduction: |
| |
|
|
Michael
Dooley, UC Santa Cruz
Peter Garber, Deutsche Bank |
| Papers: |
•
|
The
Revived Bretton Woods System: Alive and Well |
| • |
Dollars
and Deficits: Where Do We Go From Here? |
| • |
The
Cosmic Risk: An Essay on Global Imbalances and
Treasuries |
| • |
Asian
Reserve Diversification: Does It Threaten the
Pegs? |
| • |
The
US Current Account Deficit: Collateral for a
Total Return Swap |
| • |
Direct
Investment, Rising Real Wages and the Absorption
of Excess Labor in the Periphery |
| • |
An
Essay on the Revived Bretton Woods System |
|
| 2:00
p.m. |
|
Panel
1 |
| |
|
|
History:
Barry Eichengreen, UC Berkeley |
| Paper: |
• |
Global
Imbalances and the Lessons of Bretton Woods |
Current
Account Sustainability:
Maurice Obstfeld, UC Berkeley |
| Paper: |
• |
The
Unsustainable US Current Account Position Revisited |
| Powerpoint: |
• |
Sustainability
and the US Current Account: Dark Musings (.ppt file) |
Reserve
Currencies, Center/Anchor Countries:
Nouriel Roubini, New York University |
| Paper: |
• |
Will
the Bretton Woods 2 Regime Unravel Soon? The
Risk of a Hard Landing in 2005-2006 |
|
| 3:30
p.m. |
|
Coffee
Break |
|
| 4:00
p.m. |
|
Panel
2 |
| |
|
|
China:
Nicholas Lardy, Institute for International
Economics
Asia ex-China:
Steven Kamin, Board of Governors
|
| Paper: |
• |
The
Revived Bretton Woods System: Does It Explain
Developments in Non-China Developing Asia? |
Exchange
Rates:
Ronald McKinnon, Stanford University |
| Paper: |
•
|
Exchange
Rates, Wages, and International Adjustment: Japan
and China versus the United States |
US,
Europe:
Edwin Truman, Institute for International Economics |
| Paper: |
•
|
Budget
and External Deficits: Not Twins but the Same
Family |
| • |
Speech:
The U.S. Current Account Deficit and the Euro
Area (off-site) |
|
| 5:45
p.m. |
|
Reception |
|
