Conference # 28th Annual Monetary Conference ##### Watch the Event Download: [ Video ](https://fastly-unsigned-us-east-1-prod.brightcovecdn.com/media/v1/pmp4/static/clear/6039378657001/d65d3084-981a-4571-b31c-9240c7986df6/9a5c4692-700b-4cf1-a3d5-400c7e064bb7/main.mp4) [ Video ](https://cdn.cato.org/archive-2010/cc-11-18-10-1.flv) [ Audio ](https://cdn.cato.org/archive-2010/cca-11-18-10-1.mp3) Join the conversation on X using [\#CatoEvents](https://x.com/hashtag/CatoEvents). Follow [@CatoInstitute](https://x.com/catoinstitute) on X to get future event updates, live streams, and videos from the Cato Institute. Date and Time November 18, 2010 9 AM - 7:15 PM EST Location Auditorium/1st floor/Wintergarden Share This Event ##### Featuring Featuring **Charles Plosser**, President, Federal Reserve Bank of Philadelphia; **Carmen M. Reinhart**, Professor of Economics, University of Maryland; **Jerry L. Jordan**, Former President, Federal Reserve Bank of Cleveland; **George S. Tavlas**, Director-General, Bank of Greece; **John B. Taylor**, Professor of Economics, Stanford University; and **Manuel Sánchez**, Vice Governor, Banco de México. ![Cato Institute 27th Annual Monetary Conference logo](https://www.cato.org/events/monconf2009/images/globe_60.jpg) ## Cato Institute 28th Annual Monetary Conference # Asset Bubbles and Monetary Policy **Thursday, November 18, 2010 F.A. Hayek Auditorium Cato Institute 9:00 a.m. - 6:15 p.m.** **[About the Conference](https://www.cato.org/events/monconf2010/index.html) | Conference Schedule | [Registration](https://www.cato.org/events/monconf2010/register.html)** ## Conference Schedule | 8:30 - 9:00 a.m. | REGISTRATION | |---|---| | 9:00 - 9:05 a.m. | WELCOMING REMARKS **[James A. Dorn](/people/james-dorn)** Vice President for Academic Affairs, Cato Institute | | 9:05 - 9:45 a.m. | KEYNOTE ADDRESS **Jerry L. Jordan** Former President, Federal Reserve Bank of Cleveland Watch video of the Welcoming Remarks and Keynote Address [](https://cdn.cato.org/archive-2010/cca-11-18-10-1.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download a Podcast of the Welcoming Remarks and Keynote Address \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-1.mp3) | | 9:45 - 11:00 a.m. | PANEL 1: IS MONETARY POLICY RESPONSIBLE FOR BUBBLES? *Moderator:* **[William Poole](/people/william-poole)** Senior Fellow, Cato Institute **Carmen M. Reinhart** Professor of Economics, University of Maryland **[Gerald P. O'Driscoll Jr.](/people/gerald-odriscoll)** Senior Fellow, Cato Institute **Adam S. Posen** External Member, Monetary Policy Committee, Bank of England, and Senior Fellow, Peterson Institute for International Economics Watch video of Panel I [](https://cdn.cato.org/archive-2010/cca-11-18-10-2.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download a Podcast of Panel I \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-2.mp3) | | 11:00 - 11:15 a.m. | BREAK | | 11:15 a.m. - 12:30 p.m. | PANEL 2: BUBBLES UNDER ALTERNATIVE MONETARY REGIMES *Moderator:* **Caroline Baum** Columnist, Bloomberg News **[Steve H. Hanke](/people/steve-hanke)** Senior Fellow, Cato Institute and Professor of Economics, The Johns Hopkins University **George S. Tavlas** Director General, Bank of Greece **Lawrence H. White** Mercatus Professor of Economics, George Mason University **Kevin Dowd** Visiting Professor, Pensions Institute, Cass School of Business Watch video of Panel II [](https://cdn.cato.org/archive-2010/cca-11-18-10-3.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download a Podcast of Panel II \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-3.mp3) | | 12:30 - 1:15 p.m. | LUNCHEON | | 1:15 - 2:00 p.m. | LUNCHEON ADDRESS **John B. Taylor** Professor of Economics, Stanford University Watch video of the Luncheon Address [](https://cdn.cato.org/archive-2010/cca-11-18-10-4.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download the Luncheon Address \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-4.mp3) | | 2:00 - 3:15 p.m. | PANEL 3: LESSONS FROM THE HOUSING/CREDIT BUBBLE *Moderator:* **[Jeffrey A. Miron](/people/jeffrey-miron)** Senior Fellow, Cato Institute and Senior Lecturer in Economics, Harvard University **Manuel Sánchez** Deputy Governor, Bank of Mexico **Peter J. Wallison** Arthur F. Burns Fellow in Financial Policy Studies, American Enterprise Institute **[Mark A. Calabria](/people/mark-calabria)** Director of Financial Regulation Studies, Cato Institute Watch video of Panel III [](https://cdn.cato.org/archive-2010/cca-11-18-10-5.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download a Podcast of Panel III \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-5.mp3) | | 3:15 - 3:30 p.m. | BREAK | | 3:30 - 4:30 p.m. | PANEL 4: PREVENTING BUBBLES: REGULATION VS. MONETARY POLICY *Moderator:* **Mickey D. Levy** Chief Economist, Bank of America **Charles W. Calomiris** Henry Kaufman Professor of Financial Institutions, Columbia University **David Malpass** President, Encima Global **Lawrence J. White** Arthur E. Imperatore Professor of Economics, New York University Watch video of Panel IV [](https://cdn.cato.org/archive-2010/cca-11-18-10-6.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download a Podcast of Panel IV \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-6.mp3) | | 4:30 - 5:15 p.m. | CLOSING ADDRESS **Charles Plosser** President, Federal Reserve Bank of Philadelphia Watch video of the Closing Remarks [](https://cdn.cato.org/archive-2010/cca-11-18-10-7.mp3) [![Media Name: ipod.jpg](/sites/cato.org/files/styles/optimized/public/download-remote-images/object.cato.org/169672258913/ipod.jpg?itok=5gSrqX94)](/sites/cato.org/files/download-remote-images/object.cato.org/169672258913/ipod.jpg) [Download a Podcast of the Closing Remarks \[MP3\]](https://cdn.cato.org/archive-2010/cca-11-18-10-7.mp3) | | 5:15 - 6:15 p.m. | RECEPTION | [![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/).