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The Cato Institute is pleased to host the Shadow Open Market Committee Meeting

Exit Policies for Sound Central Banking

Wednesday, September 30, 2009
12:30 PM – 5:15 PM
Reception to Follow

Cato Institute
1000 Massachusetts Ave., N.W.
Washington, D.C.

| About the Conference | Registration |

Come back to this page to watch the event live.

The SOMC would like to invite you to a September 30, 2009, symposium on appropriate exit policies for the Federal Reserve, European Central Bank’ and other leading central banks. This meeting will begin with a panel discussion on pressing issues facing global monetary policies, featuring Donald Kohn, vice chairman of the Federal Reserve and Athanasios Orphanides, Member of the Governing Council of the European Central Bank. A guest lecture will be presented by former SOMC member William Poole. Position papers will be presented by SOMC members Charles Calomiris, Michael Bordo, Bennett McCallum, Marvin Goodfriend, Gregory Hess and Mickey Levy. The audience will be encouraged to participate in the discussions.

Schedule:

12:00 p.m. - 12:30 p.m.		Registration
12:30 p.m. - 12:35 p.m.		Welcoming Remarks James A. Dorn, Vice President for Academic Affairs, Cato Institute
12:35 p.m. - 1:45 p.m.		Central Bank Exit Policies
Panelists:		Donald Kohn, Vice Chairman, Federal Reserve Board Athanasios Orphanides, Governor, Central Bank of Cyprus, and Member of the Governing Council of the European Central Bank
Moderators:		Gregory Hess and Mickey Levy
2:00 p.m. - 4:20 p.m.		Normalizing Central Banking and Exiting the Zero Bound: Transitioning from Credit to Monetary Policy
Presenters:		Michael Bordo, The Fed's Monetary Policy during the 1930s: A Critical Evaluation Charles Calomiris, Reassessing the Role of the Fed: Grappling with the Dual Mandate and More? Marvin Goodfriend and Bennett McCallum, Exiting Credit Policy to Preserve Sound Monetary Policy Gregory Hess, Fannie and Freddie: The Houseguests that Just Won't Leave Mickey Levy, Macroeconomic Policies and the Economy
Moderator:		Charles Calomiris
4:30 p.m. - 5:15 p.m.		Guest Lecture William Poole, Exit Policies from the Financial Crisis—To What?
Moderator:		Bennett McCallum
Downloads:		Bordo Paper \| Calomiris Paper \| Hess Paper \| Levy Paper \| McCallum Paper

For questions, contact:

Gregory Hess: gregory.hess@claremontmckenna.edu
Mickey Levy: mlevy@bankofamerica.com
Rachel Goldman: events@cato.org

909-607-3686
646-855-1045
202-789-5208

Conference Registration

This meeting is free of charge. To register for this event, please fill out the form below and click submit or email events@cato.org, fax (202) 371-0841, or call (202) 789-5208 by 12:00 p.m., Tuesday, September 29. Please arrive early. Seating is limited and not guaranteed. News media inquiries only (no registrations), please call (202) 789-5200.

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| About the Conference | Registration |

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