AGENDA:
8:30 AM — REGISTRATION/BREAKFAST
9:00 AM — INTRODUCTION
Mickey Levy, Berenberg Capital Markets
9:05 AM — PANEL I: CHARACTERISTICS OF THE FED’S INDEPENDENCE AND ACCOUNTABILITY
Moderator: Greg Hess, Wabash College
Charles Calomiris, Columbia University: How Fed Leaders Politicize the Fed
Debby Lucas, MIT: Independence Revisited
10:15 AM — PANEL II: THE FED’S MONETARY POLICY STRATEGY AND RULES
Moderator: Peter Ireland, Boston College
Athanasios Orphanides, MIT: The Role of Policy Rules in the Fed’s Monetary Policy Strategy
Andrew Levin, Dartmouth College: Assesing the FOMC’s Tools for Providing Monetary Stimulus at the Zero Lower Bound
Michael Bordo, Rutgers University and Mickey Levy: Tariffs and Monetary Policy: A Toxic Mix
11:30 AM — PANEL III: THE LIMITATIONS OF MONETARY POLICY AND THE FED’S INDEPENDENCE
Charles Plosser, Former President, Federal Reserve Bank of Philadelphia
12:00 PM - RECEPTION/LUNCH
1:00 PM — KEYNOTE ADDRESS
Moderator: Charles Plosser
Patrick Harker, President, Federal Reserve Bank of Philadelphia
The Shadow Open Market Committee, under the auspices of the Manhattan Institute, is an independent group of economists that provides external perspectives on policy choices by the Federal Reserve and other leading central banks. The SOMC addresses a wide range of macroeconomic issues, including monetary policy, banking and financial regulations, and fiscal-policy matters that bear on monetary-policy decisions.
