Friday, April 21, 2017
Federal Reserve Bank of San Francisco
Welcoming Remarks and Introduction
John C. Williams, President, Federal Reserve Bank of San Francisco
Speaker
Lawrence H. Summers, Harvard University
Interviewer
David Wessel, Brookings Institution
Morning Session Chair: Òscar Jordà, Federal Reserve Bank of San Francisco
The Role of the Growth of Risk-Averse Wealth in the Decline of the Safe Real Interest Rate
Robert E. Hall, Stanford University
Discussant:
Martin S. Eichenbaum, Northwestern University
Download paper (Hall) (pdf, 859 kb)
Download slides (Hall) (pdf, 2 mb)
Download discussion slides (Eichenbaum) (pdf, 2 mb)
Global Real Rates: a Secular Approach
Pierre Olivier Gourinchas, University of California, Berkeley
Hélène Rey, London Business School
Discussant:
Linda L. Tesar, University of Michigan
Download paper (Gourinchas) (pdf, 1 mb)
Download slides (Gourinchas) (pdf, 964 kb)
Download discussion slides (Tesar) (pdf, 929 kb)
Afternoon Session Chair: Fernanda Nechio, Federal Reserve Bank of San Francisco
A Model of Secular Stagnation: Theory And Quantitative Evaluation
Gauti B. Eggertsson, Brown University
Neil R. Mehrotra, Brown University
Jacob A. Robbins, Brown University
Discussant:
Andrea Ferrero, Oxford University
Download paper (Eggertsson) (pdf, 1 mb)
Download discussion slides (Ferrero) (pdf, 849 kb)
Demographic Trends and the Real Interest Rate
Noëmie Lisack, Bank of England
Rana Sajedi, Bank of England
Gregory Thwaites, Bank of England
Discussant:
Ṣebnem Kalemli-Özcan, University of Maryland
Download paper (Thwaites) (pdf, 3 mb)
Download slides (Thwaites) (pdf, 1004 kb)
Download discussion slides (Kalemli-Özcan) (pdf, 607 kb)
Monetary Policy in the 21st Century: Lessons from Asia, Europe, and America. A panel discussion
Moderator:
Alan M. Taylor, University of California, Davis
Donald L. Kohn, Brookings Institution
Lawrence Schembri, Bank of Canada
Sayuri Shirai, Asian Development Bank Institute
Download discussion slides (Shirai) (pdf, 4 mb)