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SOMC: Reforming The Fed and Government-Sponsored Enterprises
May 5, 2017
| 9:00 AM | Registration and Breakfast |
| 9:30 AM | Introduction Diana Furchtgott-Roth, Manhattan Institute |
| 9:35 AM | PANEL I: STRATEGIES FOR SOUND MONETARY POLICY Moderator: Marvin Goodfriend, Carnegie Mellon University Marvin Goodfriend, The Fed Needs a Credible Commitment to Price Stability Athanasios Orphanides, Massachusetts Institute of Technology: The Case Against the Case Against Monetary Rules Peter Ireland, Boston College, & Mickey Levy, Berenberg Capital Markets: A Strategy for Normalizing Monetary Policy |
| 10:45 AM | PANEL II: THE AGENDA FOR REFORMING THE FED AND GOVERNMENT-SPONSORED ENTERPRISES Moderator: Gregory Hess, Wabash College Charles Calomiris, Columbia University: Reforming the Rules that Govern the Fed Deborah Lucas, Massachusetts Institute of Technology: Valuing the GSE's Government Support |
| 11:45 AM | Reception/Lunch |
| 12:45 PM | KEYNOTE ADDRESS John Williams, President, Federal Reserve Bank of San Francisco |
John Williams has served as President and CEO of the San Francisco Fed since 2011. He holds a B.A. from the University of California, Berkeley, an M.S. from the London School of Economics, and a Ph.D. from Stanford University.
The SOMC, under the auspices of the Manhattan Institute, is an independent group of economists that provides external perspectives on policy choices by the Federal Reserve and other leading central banks. The SOMC addresses a wide range of macroeconomic issues, including monetary policy, banking and financial regulations, and fiscal-policy matters that bear on monetary-policy decisions.
Position Papers - May 5, 2017 – New York, NY
Preparing for the Next Storm: Reassessing Frameworks & Strategies in a Low R-Star World by John Williams, President, Federal Reserve Bank of San Francisco
The Fed Needs a Credible Commitment to Price Stability by Marvin Goodfriend, Carnegie Mellon University
The Case Against the Case Against Monetary Rules by Athanasios Orphanides, Massachusetts Institute of Technology
A Strategy for Normalizing Monetary Policy by Peter Ireland, Boston College & Mickey Levy, Berenberg Capital Markets
Are We Asking the Right Questions? by Gregory Hess, Wabash College
Reforming the Rules that Govern the Fed by Charles Calomiris, Columbia University
Valuing the GSEs’ Government Support by Deborah Lucas, Massachusetts Institute of Technology
