Conference 

# 36th Annual Monetary Conference: Monetary Policy 10 Years after the Crisis 

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Video 

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Audio 

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Date and Time 

November 15, 2018 9 AM - 6 PM EST 

Location 

Hayek Auditorium, Cato Institute 

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##### Featuring 

[![Media Name: goe-peter-cropped.jpg](/sites/cato.org/files/styles/author_picture/public/authors/crops/goe-peter-cropped.jpg?itok=mMl9a0--)](/people/peter-goettler) 

[Peter Goettler](/people/peter-goettler)

President and CEO 

[![George Selgin](/sites/cato.org/files/styles/author_picture/public/2021-01/George%20Selgin.jpg?itok=daUqyD5g)](/people/george-selgin) 

[George Selgin](/people/george-selgin)

Former Senior Fellow and Director Emeritus, Center for Monetary and Financial Alternatives, Cato Institute

[ 

](https://x.com/GeorgeSelgin) [ 

](mailto:gselgin@cato.org) 

[![James A. Dorn](/sites/cato.org/files/styles/author_picture/public/2021-01/James%20dorn.jpg?itok=1oA5x7PP)](/people/james-dorn) 

[James A. Dorn](/people/james-dorn)

Senior Fellow Emeritus

[ 

](mailto:jdorn@cato.org) 

![Media Name: lydia-mashburn-cropped.png](/sites/cato.org/files/styles/author_picture/public/authors/crops/lydia-mashburn-cropped.png?itok=KWdFG8uJ) 

Lydia Mashburn 

Former Managing Director, Center for Monetary and Financial Alternatives

[![Jeb Hensarling](/sites/cato.org/files/styles/author_picture/public/2024-08/jeb-hensarling.jpg?itok=cDcUvjul)](/people/jeb-hensarling) 

[Jeb Hensarling](/people/jeb-hensarling)

Economics Fellow, Cato Institute; Former Chairman, House Financial Services Committee

Phil Gramm 

Former Chairman, Senate Banking Committee

![Claudio Borio headshot](/sites/cato.org/files/styles/author_picture/public/2022-03/claudio-borio.jpg?itok=pt--3tqK) 

Claudio Borio 

Head of the Monetary and Economic Department, Bank for International Settlements

Josh Zumbrun 

Stephen D. Williamson 

Peter Ireland 

Tobias Adrian 

Financial Counselor, Director of the Monetary and Capital Markets Department, International Monetary Fund

![Vincent Reinhart pic](/sites/cato.org/files/styles/author_picture/public/2022-07/reinhart-vincent.jpg?itok=xi5Hn6sT) 

Vincent R. Reinhart 

Chief Economist and Macro Strategist at Dreyfus-Mellon

Ylan Mui 

Michael D. Bordo 

Joseph E. Gagnon 

[![David Beckworth cropped](/sites/cato.org/files/styles/author_picture/public/2021-06/david-beckworth%20Cropped.jpg?itok=N9Svk4lB)](/people/david-beckworth) 

[David Beckworth](/people/david-beckworth)

Adjunct Scholar 

[![John A. Allison Cropped](/sites/cato.org/files/styles/author_picture/public/2021-01/John%20Allison.jpg?itok=cgR3AY2C)](/people/john-allison) 

[John A. Allison](/people/john-allison)

Former President and CEO; Chair, Executive Advisory Council, Center for Monetary and Financial Alternatives, Cato Institute

Jeffrey M. Lacker 

![Scott Sumner cropped](/sites/cato.org/files/styles/author_picture/public/2021-11/scott-sumner-cropped.png?itok=uGkfvOxY) 

Scott Sumner 

George Mason University

Jeffrey Frankel 

Ten years after the 2008 financial crisis, we are again facing the possibility of economic turmoil as the Fed and other central banks exit their unconventional monetary policies. Although central banks will move gradually, unforeseen circumstances could trigger a flight to safety and a collapse of asset prices.

### Schedule

| **8:30 — 9:00AM** | **REGISTRATION** |
|---|---|
| **9:00 — 9:10AM** | **WELCOMING REMARKS** **[Peter Goettler](/people/peter-goettler)** President and CEO, Cato Institute |
| **9:10 — 9:50AM** | **KEYNOTE ADDRESS: ON MONEY, DEBT, TRUST AND CENTRAL BANKING** **Claudio Borio** Head, Monetary and Economic Department, Bank for International Settlements [Download the Video of the Welcoming Remarks and Keynote Address](https://cdn.cato.org/archive-2018/cc-11-15-18-01.mp4) [Download the Podcast of the Welcoming Remarks and Keynote Address](https://cdn.cato.org/archive-2018/cca-11-15-18-01.mp3) |
| **9:50 — 11:00AM** | **PANEL 1: THE NEW OPERATING FRAMEWORK: AN EVALUATION** [Download the Video of Panel 1](https://cdn.cato.org/archive-2018/cc-11-15-18-02.mp4) [Download the Podcast of Panel 1](https://cdn.cato.org/archive-2018/cca-11-15-18-02.mp3) Moderator: **Josh Zumbrun** National Economics Correspondent, *Wall Street Journal* **Stephen D. Williamson** Professor and Stephen A. Jarislowsky Chair in Central Banking, University of Western Ontario [**George Selgin**](http://www.cato.org/people/george-selgin) Director, Center for Monetary and Financial Alternatives, CatoInstitute **Peter Ireland** Professor of Economics, Boston College |
| **11:00 — 11:30AM** | **BREAK** |
| **11:30AM — 12:40PM** | **PANEL 2: UNCONVENTIONAL MONETARY POLICY, INTEREST RATES, AND ASSET PRICES** [Download the Video of Panel 2](https://cdn.cato.org/archive-2018/cc-11-15-18-03.mp4) [Download the Podcast of Panel 2](https://cdn.cato.org/archive-2018/cca-11-15-18-03.mp3) Moderator: [**James A. Dorn**](http://www.cato.org/people/james-dorn) Vice President for Monetary Studies, Cato Institute **Tobias Adrian** Financial Counsellor and Director, Monetary and Capital Markets Department, International Monetary Fund **Vincent Reinhart** Managing Director, Chief Economist, and Macro Strategist, BNY Mellon Asset Management North America **Lawrence H. White** Professor of Economics, George Mason University [Download a copy of Tobias Adrian’s presentation (PPTX)](https://object.cato.org/sites/cato.org/files/monetary-conference-2018/ppt-adrian.pptx) [Download a copy of Lawrence H. White’s presentation (PPTX)](https://object.cato.org/sites/cato.org/files/monetary-conference-2018/ppt-white.pptx) |
| **12:40 — 1:30PM** | **LUNCHEON** |
| **1:30 — 2:30PM** | **LUNCHEON ADDRESS: MONETARY HEADWINDS 10 YEARS AFTER THE CRISIS** [Download the Video of the Event](https://cdn.cato.org/archive-2018/cc-11-15-18-04.mp4) [Download the Podcast of the Event](https://cdn.cato.org/archive-2018/cca-11-15-18-04.mp3) **Hon. Phil Gramm**, Former Chairman, Senate Banking Committee With an introduction by **Rep. Jeb Hensarling**, Chairman, House Financial Services Committee |
| **2:30 — 3:40PM** | **PANEL 3: LESSONS LEARNED** [Download the Video of the Event](https://cdn.cato.org/archive-2018/cc-11-15-18-05.mp4) [Download the Podcast of the Event](https://cdn.cato.org/archive-2018/cca-11-15-18-05.mp3) Moderator: **Ylan Mui**, CNBC, Washington Correspondent **Michael D. Bordo** Director, Center for Monetary and Financial History, Rutgers University **Joseph E. Gagnon** Senior Fellow, Peterson Institute for International Economics **David Beckworth** Senior Research Fellow and Director, Monetary Policy Project, Mercatus Center at George Mason University [Download a copy of Michael Bordo’s presentation (PDF)](https://object.cato.org/sites/cato.org/files/monetary-conference-2018/ppt-bordo.pdf) [Download a copy of Joseph E. Gagnon’s presentation (PPTX)](https://object.cato.org/sites/cato.org/files/monetary-conference-2018/ppt-gagnon.pptx) [Download a copy of David Beckworth’s presentation (PPTX)](https://object.cato.org/sites/cato.org/files/monetary-conference-2018/ppt-beckworth.pptx) |
| **3:40 — 4:00PM** | **BREAK** |
| **4:00 — 5:00PM** | **ROUNDTABLE DISCUSSION: SHOULD THE FED BE SUBJECT TO A MONETARY RULE?** [Download the Video of the Event](https://cdn.cato.org/archive-2018/cc-11-15-18-06.mp4) [Download the Podcast of the Event](https://cdn.cato.org/archive-2018/cca-11-15-18-06.mp3) Moderator: [**Lydia Mashburn**](http://www.cato.org/people/lydia-mashburn) Managing Director, Center for Monetary and Financial Alternatives, Cato Institute **Jeffrey M. Lacker** Distinguished Professor, Virginia Commonwealth University **Scott Sumner** Ralph G. Hawtrey Chair of Monetary Policy and Senior Research Fellow, Mercatus Center at George Mason University **Jeffrey A. Frankel** James W. Harpel Professor of Capital Formation and Growth, Kennedy School, Harvard University [**John A. Allison**](http://www.cato.org/people/john-allison) Professor of Practice, Wake Forest University; Chairman, Center for Monetary and Financial Alternatives, Cato Institute [Download a copy of Jeffrey A. Frankel’s presentation (PPTX)](https://object.cato.org/sites/cato.org/files/monetary-conference-2018/ppt-frankel.pptx) |
| **5:00 — 6:00PM** | **RECEPTION** |

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