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SOMC: Getting Monetary Policy Back on Track
March 20, 2015
PANEL I: ECONOMIC PERFORMANCE AND INFLATION
Moderator: Peter Ireland, Boston College
Panelists: Mickey Levy, Blenheim Capital Management; Sustainable Growth Momentum; Michael Bordo, Rutgers University; U.S. Inflation Is Not Too Low
PANEL II: MONETARY POLICY RECOMMENDATIONS
SOMC Policy Statement, Normalizing Monetary Policy
Moderator: Athanasios Orphanides, Massachusetts Institute of Technology
Panelists: Charles Calomiris, Columbia University and Peter Ireland, Boston College; Guidelines for Policymaking and Communication During Normalization; Bennett McCallum, Carnegie Mellon University; The Influence of the Taylor Rule
PANEL III: OPERATIONAL ISSUES IN RAISING RATES
Moderator: Athanasios Orphanides, Massachusetts Institute of Technology; Marvin Goodfriend, Carnegie Mellon University; The Fed Should Fix the Interest on Reserves Floor
Keynote Address:
John B. Taylor, Stanford University and Hoover Institution
Papers - March 20, 2015 – New York, NY
U.S. Inflation Is Not Too Low by Michael D. Bordo, Rutgers University and Hoover Institution Stanford University
Guidelines for Policymaking and Communication During Normalization by Charles W. Calomiris, Columbia University, Peter Ireland, Boston College, and Mickey Levy, Blenheim Capital Management
The Fed Should Fix the Interest on Reserves Floor by Marvin Goodfriend, Carnegie Mellon University
Economic Performance: Sound Cyclically but Longer—Run Concerns by Mickey D. Levy, Blenheim Capital Management
Remarks on John Taylor’s Contributions by Bennett T. McCallum, Carnegie Mellon University
