Friday, February 28, 2003 – Saturday, March 1, 2003
The Federal Reserve Bank of San Francisco
and Stanford Institute for Economic Policy Research
Agenda Download (PDF – 10KB)
Agenda
| 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, Berkeley 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 |