Joint Central Banker's Conference: Unconventional Government Policies - November 16-17, 2012

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


Friday, November 16, 2012

Welcome remarks
David Altig, Senior Vice President and Director of Research, Federal Reserve Bank of Atlanta

Session 1

"Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy" pdf
Nobuhiro Kiyotaki, Princeton University

Discussant: Steve Williamson, Washington University and Federal Reserve Bank of St. Louis

"Can a Transaction Tax or Capital Gains Tax Smooth House Prices?" pdf
Enzo Rossi, Swiss National Bank and University of Zurich

Discussant: Mehmet Pasaogullari, Federal Reserve Bank of Cleveland

"A Quantitative Model of Banking Industry Dynamics" pdf
Dean Corbae, University of Wisconsin

Discussant: John Rust, Georgetown University

Session 2

"A Macroeconomic Framework for Quantifying Systemic Risk" pdf
Zhiguo He, University of Chicago

Discussant: Josef Schroth, Bank of Canada

"A General Equilibrium Model with Banks and Default on Loans" pdf
Tamon Takamura, Bank of Canada

Discussant: Pablo D'Erasmo, University of Maryland

"The Macroeconomic Effects of Large-Scale Asset Purchase Programs" pdf
Andrea Ferrero, Federal Reserve Bank of New York

Discussant: Marcel Savioz, Swiss National Bank

Saturday, November 17, 2012

Continental breakfast

Session 3

"International Recessions" pdf
Vincenzo Quadrini, University of Southern California

Discussant: Anastasios Karantounias, Federal Reserve Bank of Atlanta

"Inflation and Output in New Keynesian Models with a Transient Interest Rate Peg" pdf
Charles Carlstrom, Federal Reserve Bank of Cleveland

Discussant: Alex Wolman, Federal Reserve Bank of Richmond

"Responding to a Shadow Banking Crisis: The Lessons of 1763" pdf
William Roberds, Federal Reserve Bank of Atlanta

Discussant: James Chapman, Bank of Canada