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 HotelSt. 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.
5:30-8:00 PM Conference Reception
7:45-8:45 AM Continental Breakfast
8:45 AM "Welcome to the Conference"
William Poole, President, Federal Reserve Bank of St. Louis
"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
"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
"Risks for the Long Run: Estimation and Inference"
Ravi Bansal, Duke University
Discussant: Tom Sargent, New York University
3:30 PM Break
"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
8:00-9:00 AM Continental Breakfast
"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
"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