Conference 

# Monetary Rules for a Post-Crisis World 

Date and Time 

September 7, 2016 9 AM - 5 PM EDT 

Location 

George Mason University, Arlington VA 

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##### Featuring 

Featuring **John B. Taylor**, Mary and Robert Raymond Professor of Economics, Stanford University and George P. Shultz Senior Fellow in Economics, Hoover Institution; **David Laidler**, Professor Emeritus of Economics, University of Western Ontario; **Mark Calabria**, Director of Financial Regulation Studies, Cato Institute; **Scott Sumner**, Ralph G. Hawtrey Chair of Monetary Policy and Director, Program on Monetary Policy, Mercatus Center and Professor of Economics at Bentley University; **David Papell**, Joel W. Sailors Endowed Professor of Economics and Chair, Department of Economics, University of Houston; **Perry Mehrling**, Professor of Economics, Barnard College, Columbia University; **Kevin Sheedy**, Assistant Professor of Economics, London School of Economics; **Walker F. Todd**, Trustee, American Institute for Economic Research, and former Assistant General Counsel and Economics Officer, Federal Reserve Bank of Cleveland; **David Beckworth**, Senior Research Fellow, Program on Monetary Policy, Mercatus Center; **Peter Ireland**, Murray and Monti Professor of Economics, Boston College; **Miles Kimball**, Professor of Economics and Research Professor of Survey Research, University of Michigan Department of Economics and Survey Research Center; **George Selgin**, Director, Center for Monetary and Financial Alternatives, Cato Institute; **David Glasner**, Economist, Federal Trade Commission 

[](http://mercatus.org/events/monetary-rules-post-crisis-world)

[![Monetary Rules for a Post-Crisis World](/sites/cato.org/files/styles/optimized/public/images/banners/monetary_rules_conference_flier.jpg?itok=gHZh7Qke)](/sites/cato.org/files/images/banners/monetary_rules_conference_flier.jpg) 

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** [Download video of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16.mp4) [Download podcast of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16.mp3) [**Mark A. Calabria**](https://www.cato.org/people/mark-calabria), Director, Financial Regulation Studies, Cato Institute **David Glasner**, Economist, Federal Trade Commission **David Laidler**, Professor Emeritus of Economics, University of Western Ontario Moderator: **Ylan Q. Mui**, Reporter, *The Washington Post* |
| **10:40 - 11:00AM** | **BREAK** |
| **11:00AM - 12:30PM** | **PANEL II: MONETARY RULES AND MONETARY STABILITY** [Download video of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-2.mp4) [Download podcast of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-2.mp3) **Robert Hetzel**, Staff Economist, Federal Reserve Bank of Richmond **David Papell**, Joel W. Sailors Endowed Professor of Economics and Chair, Department of Economics, University of Houston **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 Moderator: **Ryan Avent**, Economics Senior Editor and Free Exchange Columnist, *The Economist* |
| **12:30 - 2:0PM** | **LUNCHEON ADDRESS** [Download video of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-3.mp4) [Download podcast of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-3.mp3) **John B. Taylor**, Mary and Robert Raymond Professor of Economics, Stanford University and George P. Shultz Senior Fellow in Economics, Hoover Institution |
| **2:00 - 3:30PM** | **PANEL III: MONETARY RULES AND EMERGENCY LENDING** [Download video of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-4.mp4) [Download podcast of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-4.mp3) **Perry Mehrling**, Professor of Economics, Barnard College, Columbia University **Kevin Sheedy**, Assistant Professor of Economics, London School of Economics **Walker F. Todd**, Trustee, American Institute for Economic Research, and former Assistant General Counsel and Economics Officer, Federal Reserve Bank of Cleveland Moderator: **Cardiff Garcia**, US Editor, *FT Alphaville* |
| **3:30 - 3:50PM** | **BREAK** |
| **3:50 - 5:20PM** | **PANEL IV: MONETARY RULES IN LIGHT OF THE CRISIS** [Download video of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-5.mp4) [Download podcast of the panel](https://cdn.cato.org/archive-2016/cv-09-19-16-5.mp3) **David Beckworth**, Senior Research Fellow, Program on Monetary Policy, Mercatus Center at George Mason University **Miles Kimball**, Professor of Economics and Research Professor of Survey Research, University of Michigan Department of Economics and Survey Research Center **Peter Ireland**, Murray and Monti Professor of Economics, Boston College Moderator: **Greg Ip**, Chief Economics Commentator, *The Wall Street Journal* |
| **5:20 - 5:30PM** | **CLOSING THOUGHTS** [**George Selgin**](https://www.cato.org/people/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](http://mercatus.org/events/monetary-rules-post-crisis-world?utm_source=Cato+Institute+Event+Page).