Friday, March 19, 2004
The Federal Reserve Bank of San Francisco
and Stanford Institute for Economic Policy Research
Agenda Download (PDF – 10KB)
Agenda
| Friday, March 19 | |
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8:15 A.M.
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Continental Breakfast |
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8:55 A.M.
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Welcoming Remarks: Robert Parry, Federal Reserve Bank of San Francisco |
| Morning Session Chair: John C. Williams, Federal Reserve Bank of San Francisco | |
| 9:00 A.M. | Future Prices as Risk-adjusted Forecasts of Monetary Policy |
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Presenters:
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Monika Piazzesi, University of Chicago
Eric Swanson, Federal Reserve Board |
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Discussants:
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| 10:30 A.M. | Break |
| 11:00 A.M. | A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy |
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Presenters:
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Glenn Rudebusch, Federal Reserve Bank of San Francisco Tao Wu, Federal Reserve Bank of San Francisco |
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Discussants:
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Greg Duffee, University of California, Berkeley Bennett McCallum, Carnegie Mellon University |
| 12:30 P.M. | Lunch — Market Street Dining Room, Fourth Floor |
| Afternoon Session Chair: Richard Dennis, Federal Reserve Bank of San Francisco | |
| 2:00 P.M. | The Term Structure of Real Rates and Expected Inflation (PDF – 319KB) |
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Presenters:
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Andrew Ang, Columbia University Geert Bekaert, Columbia University |
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Discussants:
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Martin Evans, Georgetown University Comments (PDF – 153KB) Ken West, University of Wisconsin |
| 3:30 P.M. | Break |
| 4:00 P.M. | Permanent and Transitory Policy Shocks in an Empirical Macro Model with Asymmetric Information (PDF – 939KB) |
| Presenters: | Sharon Kozicki, Federal Reserve Bank of Kansas City Peter Tinsley, George Washington University |
| Discussants: | Alan Blinder, Princeton University Comments (PDF – 27KB) Steven Durlauf, University of Wisconsin |
| 5:30 P.M. | Reception — West Market Street Lounge, Fourth Floor |
| 6:30 P.M. | Dinner — Market Street Dining Room, Fourth Floor |
| Introduction: | Robert Parry, Federal Reserve Bank of San Francisco |
| Speaker: | Ben Bernanke, Federal Reserve Board |
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Saturday, March 20
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| 8:00 A.M. | Continental Breakfast |
| Morning Session Chair: Narayana Kocherlakota, Stanford University | |
| 8:45 A.M. | Regime Shifts in a Dynamic Term Structure Model of U.S. Treasury Bond Yields |
| Presenters: | Qiang Dai, New York University Kenneth J. Singleton, Stanford University Wei Yang, Stanford University |
| Discussants: | James Hamilton, University of California, San Diego Comments (PDF – 47KB) John Heaton, University of Chicago Comments (PDF – 46KB) |
| 10:15 A.M. | Break |
| 10:30 A.M. | Empirical and Policy Performance of a Forward-Looking Monetary Model |
| Presenters: | Alexei Onatski, Columbia University Noah Williams, Princeton University |
| Discussants: | Jeffrey Fuhrer, Federal Reserve Bank of Boston Comments (PDF – 574KB) Lars Hansen, University of Chicago Comments (PDF – 50KB) |
| 12:00 P.M. | Lunch |
| 1:00 P.M. |
Adjourn
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