Friday, March 4, 2005 – Saturday, March 5, 2005
The Federal Reserve Bank of San Francisco
Agenda Download (PDF – 41KB)
Agenda
| Friday, March 4 | |
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8:10 A.M.
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Continental Breakfast |
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8:50 A.M.
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Welcoming Remarks: Janet Yellen, Federal Reserve Bank of San Francisco |
| Morning Session Chair: John C. Williams, Federal Reserve Bank of San Francisco | |
| 9:00 A.M. | Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999-2004 (Paper: PDF – 569KB) |
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Presenters:
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Mitsuru Iwamura, Waseda University
Takeshi Kudo, Hitotsubashi University Tsutomu Watanabe, Hitotsubashi University |
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Discussants:
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Laurence Ball, Johns Hopkins University
Marvin Goodfriend, Federal Reserve Bank of Richmond |
| 10:30 A.M. | Break |
| 11:00 A.M. | Optimal Fiscal Policy in a Monetary Union (Paper: PDF – 350KB) |
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Presenters:
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Jordi Gali, Universitat Pompeu Fabra Tommaso Monacelli, Universita Bocconi |
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Discussants:
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Maurice Obstfeld, University of California, Berkeley Comments Carl Walsh, University of California, Santa Cruz Comments |
| 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. | Model Uncertainty and Policy Evaluation: Some Theory and Empirics (Paper: PDF – 708KB) |
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Presenters:
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William Brock, University of Wisconson Steven Durlauf, University of Wisconsin Kenneth West, University of Wisconsin |
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Discussants:
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Lars Hansen, University of Chicago Comments Christopher Sims, Princeton University Comments |
| 3:30 P.M. | Break |
| 4:00 P.M. | Estimating the Effects of Fiscal Policy in OECD Countries (Paper: PDF – 944KB) |
| Presenters: | Roberto Perotti, Universita Bocconi |
| Discussants: | Alan Auerbach, University of California, Berkeley Comments Valerie Ramey, University of California, San Diego Comments |
| 5:30 P.M. | Reception — West Market Street Lounge, Fourth Floor |
| 6:30 P.M. | Dinner — Market Street Dining Room, Fourth Floor |
| Introduction: | Janet Yellen, Federal Reserve Bank of San Francisco |
| Speaker: | Douglas Holtz-Eakin, Congressional Budget Office |
| Saturday, March 5 | |
| 8:00 A.M. | Continental Breakfast |
| Morning Session Chair: Glenn Rudebusch, Federal Reserve Bank of San Francisco |
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| 8:45 A.M. | The Design of Monetary and Fiscal Policy: A Global Perspective (Paper: PDF – 826KB) |
| Presenters: | Jess Benhabib, New York University Stefano Eusepi, Federal Reserve Bank of New York |
| Discussants: | George Evans, University of Oregon Comments John Leahy, New York University Comments |
| 10:15 A.M. | Break |
| 10:30 A.M. | No-Arbitrage Taylor Rules (Paper: PDF – 1.25MB) |
| Presenters: | Andrew Ang, Columbia University Sen Dong, Columbia University Monika Piazzesi, University of Chicago |
| Discussants: | Andrew Levin, Federal Reserve Board Comments Thomas Philippon, New York University Comments |
| 12:00 P.M. | Lunch |
| 1:00 P.M. |
Adjourn
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