A 50-Year Retrospective On The Shadow Open Market Committee And Its Role In Monetary Policy
October 13 - October 14
The Hoover Institution hosts A 50-Year Retrospective On The Shadow Open Market Committee And Its Role In Monetary Policy on Sunday, October 13, 2024 through Monday, October 14, 2024.
To register, please visit the Hoover Institution here.
| Sunday, October 13, 2024 | |||
|---|---|---|---|
| Time | Content | Speaker | |
| 6:00 – 7:00 PM | RECEPTION | — | |
| 7:00 PM | Welcoming Remarks Keynote Speaker “Rules Versus Discretion Over the Last 50 Years” |
Michael Bordo, Hoover Institution and Rutgers University
John Taylor, Hoover Institution and Stanford University |
|
| 7:20 PM | DINNER | — | |
| Monday, October 14, 2024 | |||
|---|---|---|---|
| Time | Content | Speaker | |
| 7:15 – 8:05 AM | BREAKFAST | — | |
| 8:05 AM | Welcome | Condoleezza Rice, Director, Hoover Institution | |
| 8:15 AM | The Evolution of Monetary Policy: Critical Issues That Have Shaped Monetary Policy and the SOMC Over 50 Years |
Moderator: Gregory Hess, IES Global
Paper: Michael Bordo, Hoover Institution and Rutgers University, and Discussants: David Wheelock, Federal Reserve Bank of St. Louis |
|
| 9:15 AM | Influences of the SOMC and Monetarism in Europe and the United Kingdom | Moderator: Charles Plosser, Hoover Institution and former president of the Federal Reserve Bank of Philadelphia
Panelists: Georg Rich, former director of the Swiss National Bank |
|
| 10:30 AM | Break | — | |
| 10:45 AM | The Search for a Nominal Anchor | Moderator: Kevin Warsh, Hoover Institution
Panelists: Peter Ireland, Boston College |
|
| 11:45 AM – 12:00 PM | Room Transition: Proceed to lunch venue | — | |
| 12:00–1:15 PM | LUNCH
Keynote Speech |
Presenter: Christopher Waller, governor, Board of Governors of the Federal Reserve Systems
Moderator: Athanasios Orphanides, Massachusetts Institute of Technology |
|
| 1:15 – 1:30 PM | Room Transition: Proceed to Conference Auditorium | — | |
| 1:30 PM | The Fed’s Evolving Interpretation and Implementation of Its Mandate | Moderator: Steve Davis, Hoover Institution
Panelists: Athanasios Orphanides, Massachusetts Institute of Technology |
|
| 2:30 PM | Panel on Monetary-Fiscal Issues | Moderator: Michael Boskin, Hoover Institution and Stanford University
Panelists: John Cochrane, Hoover Institution |
|
| 3:45 PM | Break | — | |
| 4:00 PM | The Conduct of Monetary Policy: Evolution from Free Reserves to the Corridor and Floor Systems | Moderator: Charles Calomiris, professor emeritus, Columbia University
Panelists: Loretta Mester, University of Pennsylvania and former president of the Federal Reserve Bank of Cleveland |
|
| 5:00 PM | From the “Lender of Last Resort” to “Too Big to Fail” to “Financial System Savior” | Moderator: Thomas Hoenig, George Mason University and former president, Federal Reserve Bank of Kansas City and vice chair FDIC
Paper: Jeffrey Lacker, George Mason University and former president, Federal Reserve Bank of Richmond Discussants: Amit Seru, Hoover Institution and Stanford University |
|
| 6:00 PM | Concluding Remarks | Mickey Levy, Hoover Institution | |
| 6:05 – 6:30 PM | RECEPTION | — | |
| 6:30 – 6:45 PM | Room Transition: Proceed to dinner venue | — | |
| 6:45 PM | Panel on the Influences of the SOMC and Others Outside the Fed | Moderator: Deborah Lucas, Massachusetts Institute of Technology
Panelists: Donald Kohn, Brookings Institution and former vice chair, Board of Governors of the Federal Reserve System |
|
| 7:45 PM | DINNER | — | |
| 8:30 PM | CONFERENCE ADJOURNS | — | |