Federal Reserve Bank
of San Francisco Federal Reserve Bank
of San Francisco

Agenda

Date

Friday, March 28, 2014

Morning Session Chair: Eric Swanson, Federal Reserve Bank of San Francisco

8:15 a.m.	Continental Breakfast
8:50 a.m.	Welcoming Remarks
	John Williams, President, Federal Reserve Bank of San Francisco
9:00 a.m	Learning the Macro-Dynamics of U.S. Treasury Yields With Arbitrage-free Term Structure Models
	Marco Giacoletti, Stanford Graduate School of Business Kristoffer Laursen, Stanford Graduate School of Business Kenneth Singleton, Stanford Graduate School of Business Discussants: Gregory Duffee, Johns Hopkins University Jessica Wachter, Wharton School at the University of Pennsylvania Download discussion presentation (Duffee) (pdf, 679 kb) Download discussion presentation (Wachter) (pdf, 637 kb)
10:20 a.m.	Break

10:40 a.m.	Exiting from QE
	Fumio Hayashi, Hitotsubashi University Junko Koeda, University of Tokyo Discussants: Roger Farmer, University of California, Los Angeles Mark Watson, Princeton University Download paper (pdf, 311 kb) Download author presentation (pdf, 191 kb) Download discussion presentation (Farmer) (pdf, 209 kb) Download discussion presentation (Watson) (pdf, 662 kb)
12:00 p.m.	Lunch – Market Street Dining Room, Fourth Floor

Afternoon Session Chair: Michael Bauer, Federal Reserve Bank of San Francisco

1:15 p.m.	Monetary Policy Drivers of Bond and Equity Risks
	John Campbell, Harvard University Carolin Pflueger, University of British Columbia Luis Viceira, Harvard Business School Discussants: Jules van Binsbergen, Stanford Graduate School of Business Martin Lettau, Haas School of Business, UC Berkeley Download paper (pdf, 2.3 mb) Download author presentation (pdf, 470 kb) Download discussion presentation (van Binsbergen) (pdf, 281 kb) Download discussion presentation (Lettau) (pdf, 862 kb)
2:35 p.m.	Break

2:50 p.m.	Optimal Monetary and Macroprudential Policies: Gains and Pitfalls in a Model of Financial Intermediation
	Michael Kiley, Federal Reserve Board Jae Sim, Federal Reserve Board Discussants: Vincenzo Quadrini, University of Southern California Oreste Tristani, European Central Bank Download paper (pdf, 659 kb) Download author presentation (pdf, 326 kb) Download discussion presentation (Quadrini) (pdf, 594 kb) Download discussion presentation (Tristani) (pdf, 168 kb)
4:10 p.m.	Break

4:25 p.m.	A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
	Emmanuel Farhi, Harvard University Iván Werning, Massachusetts Institute of Technology Discussants: Gauti Eggertsson, Brown University Anton Korinek, Johns Hopkins University Download paper (pdf, 303 kb) Download author presentation (pdf, 4.0 mb) Download discussion presentation (Eggertsson) (pdf, 157 kb) Download discussion presentation (Korinek) (pdf, 257 kb)
5:45 p.m.	Reception – West Market Street Lounge, Fourth Floor

6:30 p.m.	Dinner – Market Street Dining Room, Fourth Floor
	Introduction: John Williams, President, Federal Reserve Bank of San Francisco Speaker: Charles Bean, Deputy Governor, Bank of England Download speaker presentation (pdf, 293 kb)