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February 22, 2008
The Federal Reserve Bank of San Francisco |
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| 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) |
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Presenter: |
Andrew Ang, Columbia Business School
Jean Boivin, Institute of Applied Economics, Montreal
Sen Dong, Lehman Brothers |
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Discussants: |
Giorgio Primiceri, Northwestern University
Kenneth D. West, University of Wisconsin |
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| 10:20
A.M. |
Break |
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| 10:40 A.M. |
Housing Market Spillovers: Evidence from an Estimated DSGE Model (PDF - 437 KB) |
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Presenters: |
Matteo Iacoviello, Boston College
Stefano Neri, Bank of Italy |
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Discussants: |
Tommaso Monacelli, Universitá Bocconi
Jonas Fisher, Federal Reserve Bank of Chicago
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|
| 12:00
P.M. |
Lunch — Market
Street Dining Room, Fourth Floor |
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| Afternoon
Session Chair: Richard Dennis, Federal Reserve Bank of
San Francisco |
| 1:30 P.M. |
Expectations, Real Exchange Rates, and Monetary Policy |
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Presenter: |
Michael B. Devereux, University of British Columbia
Charles Engel, University of Wisconsin |
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Discussants: |
Jon Faust, Johns Hopkins University
Michael Woodford, Columbia University
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|
| 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 |
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| 6:00
P.M. |
Reception – West Market Street Lounge, Fourth Floor |
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| 7:00 P.M. |
Dinner – Market Street Dining Room, Fourth Floor |
Introduction: |
Janet Yellen, Federal Reserve Bank of San Francisco |
Speaker: |
John B. Taylor, Stanford University
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The Costs and Benefits of Deviating from the Systematic Component of Monetary Policy (PDF - 55KB) |
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