Shadow Open Market Committee (SOMC) Event

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SOMC Spring Meeting: Frameworks for Monetary Policy, Regulation and Bank Capital

April 5, 2024

Please join us for a meeting of the Shadow Open Market Committee (SOMC), hosted by the Manhattan Institute. This meeting will feature keynote remarks from Michelle Bowman, Governor, Federal Reserve Board.

AGENDA:

Welcoming Remarks

Charles Plosser, Former President Federal Reserve Bank of Philadelphia

Panel I: Regulatory and Capital Framework

Deborah Lucas, MIT, "Basel III Endgame and Bank Capital Requirements” [PAPER] [PPT]
Charles Calomiris, Professor Emeritus, Columbia University, "What is a Bank? What is a Government?”
Gregory Hess, IES Abroad (Moderator)

Panel II: The Monetary Policy Framework

Athanasios Orphanides, MIT, "Enhancing Resilience With Natural Growth Targeting"
Peter Ireland, Boston College, "Update on Monetary Conditions: Spring 2024" [PAPER] [PPT]
Andrew Levin, Dartmouth University, "Strengthening the Fed's Governance and Accountability"
Jeffrey Lacker, Former President, Federal Reserve Bank of Richmond, "Changing Governance Practices Seem to Have Reduced the Diversity of Views at the Federal Reserve" [PAPER] [PPT]
Mickey D. Levy, Hoover Institution (Moderator)

Luncheon and Keynote Remarks

Michelle Bowman, Governor, Federal Reserve Board
Athanasios Orphanides, MIT (Moderator)

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