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31st Annual Economic Policy Conference

Frontiers in Monetary Policy Research
October 19-20, 2006

Program Information

The theme of this year's conference, "Frontiers in Monetary Policy Research," brings together leading scholars to discuss recent developments in the general equilibrium analysis of monetary policy. Several leading participants in this literature will present their research and commentary.

All conference events will take place at the Drury Plaza Hotel—St. Louis Downtown, Fourth and Market Streets.

For more information about the conference or help with hotel reservations, please contact Denise Cain at (314) 444-8567, or 1-800-333-0810, ext. 44-8567.
Please note that attendance is by invitation only.

Wednesday, October 18, 2006

5:30-8:00 PM — Conference Reception

Thursday, October 19, 2006

7:45-8:45 AM — Continental Breakfast

8:45 AM — "Welcome to the Conference"
William Poole, President, Federal Reserve Bank of St. Louis

Session 1

9:00 AM — "An Estimated DSGE Model for the United Kingdom"
Riccardo DiCecio and Edward Nelson, Federal Reserve Bank of St. Louis

Discussant: Adrian Pagan, Australian National University

10:30 AM — Break

Session 2

11:00 AM — "Macroeconomic Implications of Changes in the Term Premium"
Glenn Rudebusch and Eric Swanson, Federal Reserve Bank of San Francisco; and Brian Sack, Macroeconomic Advisors

Discussant: John Cochrane, University of Chicago

12:30-2:00 PM — Lunch

Session 3

2:00 PM — "Risks for the Long Run: Estimation and Inference"
Ravi Bansal, Duke University

Discussant: Tom Sargent, New York University

3:30 PM — Break

Session 4

4:00 PM — "Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models"
Michael F. Gallmeyer, Mays Business School, Texas A&M University; Burton Hollifield and Francisco Palomino, The David A. Tepper School of Business, Carnegie Mellon University; and Stanley E. Zin, The David A. Tepper School of Business, Carnegie Mellon University and NBER

Discussant: Pamela Labadie, George Washington University

6:00-7:00 PM — Reception

7:00 PM — Dinner

Friday, October 20, 2006

8:00-9:00 AM — Continental Breakfast

Session 5

9:00 AM — "Monetary Policy as Equilibrium Selection"
Gaetano Antinolfi, Washington University; Costas Azariadis, UCLA/Washington University St. Louis; and James Bullard, Federal Reserve Bank of St. Louis

Discussant: Peter Ireland, Boston College

10:30 AM — Break

Session 6

11:00 AM — "Model Fit and Model Selection"
Narayana Kocherlakota, University of Minnesota

Discussant: Lee Ohanian, UCLA

12:00-1:00 PM — Lunch

1:00 PM — Conference Adjourns

Conference Agenda