Central banks' part in the Great Recession, and the lackluster recovery since, are reviving interest in monetary rules. That revival raises crucial questions. Might the Federal Reserve and other central banks have performed better if they'd adhered to monetary policy rules? Could rules have avoided the crisis altogether? Can they avoid future crises? If so, which rules work best? Can a monetary policy rule work even in a world of near-zero, or negative, interest rates?
On September 7, the Mercatus Center at George Mason University and the Cato Institute's Center for Monetary and Financial Alternatives will team up for a day-long academic conference, hosting a distinguished group of scholars, to explore these pressing questions about monetary policy rules. Four panels will discuss:
|8:30 - 9:00AM||REGISTRATION & BREAKFAST
|9:00 - 9:10AM||WELCOMING REMARKS
Scott Sumner, Ralph G. Hawtrey Chair of Monetary Policy and Director, Program on Monetary Policy, Mercatus Center at George Mason University and Professor of Economics at Bentley University
|9:10 - 10:40AM||PANEL I: THE EVOLVING CASE FOR MONETARY POLICY RULES
|10:40 - 11:00AM||BREAK|
|11:00AM - 12:30PM||PANEL II: MONETARY RULES AND MONETARY STABILITY
|12:30 - 2:0PM||LUNCHEON ADDRESS
|2:00 - 3:30PM||PANEL III: MONETARY RULES AND EMERGENCY LENDING
|3:30 - 3:50PM||BREAK|
|3:50 - 5:20PM||PANEL IV: MONETARY RULES IN LIGHT OF THE CRISIS
|5:20 - 5:30PM||CLOSING THOUGHTS
George Selgin, Director, Center for Monetary and Financial Alternatives, Cato Institute and Professor Emeritus of Economics, University of Georgia
|5:30 - 6:30PM||UNRUL(E)Y RECEPTION|
For more details and to register, please click here.