"The Science and Practice of Monetary Policy Today"

Thursday, October 4, 2007

Campus Westend, Frankfurt University, Frankfurt am Main

Program and Speeches

12:00Welcome
Volker Wieland
(Chairman of the jury of the Deutsche Bank Prize in Financial Economics 2007, CFS and Frankfurt University)

Welcome
Hermann-Josef Lamberti
(Member of the Management Board and Chief Operating Officer of Deutsche Bank AG)

12:10

The New-Keynesian Approach to Understanding the Economy

Chair:
Volker Wieland
(CFS and Frankfurt University)

Speakers:
Bennett McCallum (Carnegie Mellon University)
"Michael Woodford‘s Contributions to Monetary Policy Analysis:
An Appreciation and Some Issues"
>> Presentation Slides

Jordi Gali (CREI and Universitat Pompeu Fabra)
“The New Keynesian Approach to Monetary Policy Analysis:
Lessons and New Directions“
>> Presentation Slides

13:20Policy-Keynote Speech: "Will Monetary Policy Become More of a Science"

Speaker: Frederic Mishkin (Governor, Board of Governors of the Federal Reserve System) 
>> Presentation Slides

14:00Coffee break / Lunchbuffet
14:30

The New-Keynesian Approach in Forecasting and Monetary Policy Design

Chair:
Jan Pieter Krahnen (CFS and Frankfurt University)

Speakers:
Lucrezia Reichlin (Director General of Research,
European Central Bank)

“Combining conjunctural analysis and DSGE structural models“
>> Presentation Slides

Volker Wieland (CFS and Frankfurt University)
“Money in Monetary Policy Design: Monetary Cross-Checking in the
New-Keynesian Model“
>> Presentation Slides

15:40Panel Discussion:

The Theory and Practice of Monetary Policy Today – Successes, Failures and Open Questions

Chair:
Michael Binder
(CFS and Frankfurt University)

Speakers:
Michael Woodford (Columbia University)
Norbert Walter
(Chief Economist of Deutsche Bank AG)
Stefan Gerlach
(Frankfurt University)
Patrick Lane
(The Economist)
Otmar Issing
(CFS and Frankfurt University)

17:00End of Scientific Symposium


Download CFSsymposium Program: