Email
Print Friendly
A A A

Conferences


Joint Central Banker's Conference: Day Ahead Conference - November 15, 2012

Interactions Between Monetary Policy, Fiscal Policy, and Financial Stability

Conference jointly sponsored by the Bank of Canada, the Swiss National Bank, the Federal Reserve Bank of Cleveland, and the Federal Reserve Bank of Atlanta

Agenda

Thursday, November 15
8:30 a.m. Continental breakfast
9:00 Welcome remarks
David Altig, Senior Vice President and Director of Research, Federal Reserve Bank of Atlanta
9:10 Session 1: Monetary and Fiscal Policy Interactions in Low Interest Rate Environments

Fiscal Multipliers under an Interest Rate Peg of Deterministic vs. Stochastic Duration" PDF icon
Charles Carlstrom, Federal Reserve Bank of Cleveland

"Fiscal Multipliers in Low Interest Rate Environments"
R. Anton Braun, Federal Reserve Bank of Atlanta
Background reading: Working Paper 2012-5a PDF icon | Working Paper 2011-9 PDF icon

10:40 Coffee break
11:00 Session 2: Financial Stability and Fiscal Policy in Europe: The Examples of Spain and Switzerland (Presentations and Roundtable Discussion)

Jorge Sicilia, BBVA
Juan Rubio-Ramirez,
Duke University
Daniel Heller, Swiss National Bank [Presentation] PDF icon
12:30 p.m. Lunch
1:45 Session 3: Current Issues in Financial Stability and Monetary Policy

"The Liquidity Coverage Ratio and Monetary Policy Implementation"
Todd Keister, Rutgers University

"Repos, Fire Sales, and Bankruptcy Policy" PDF icon
Ed Nosal, Federal Reserve Bank of Chicago

3:15 Coffee break
3:30 Session 4: Interactions Between Monetary Policy, Fiscal Policy, and Financial Policy (Presentations and Roundtable Discussion)

Participants: James Bullard, President, Federal Reserve Bank of St. Louis; Allan Crawford, Adviser to the Governor, Bank of Canada; and Thomas Moser, Member, Enlarged Governing Board of the Swiss National Bank

6:30 Reception, New Orleans Branch building
7:00 Dinner
8:00 Presentation and general discussion
Dennis Lockhart, President of the Federal Reserve Bank of Atlanta