"The Science and Practice of Monetary Policy Today"

Thursday, October 4, 2007

Campus Westend, Frankfurt University, Frankfurt am Main

Program and Speeches

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

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


The New-Keynesian Approach to Understanding the Economy

Volker Wieland
(CFS and Frankfurt University)

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

The New-Keynesian Approach in Forecasting and Monetary Policy Design

Jan Pieter Krahnen (CFS and Frankfurt University)

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

Michael Binder
(CFS and Frankfurt University)

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

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