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11:00 AM - INTRODUCTION
Mickey Levy, Berenberg Capital Markets
11:03 AM - PANEL I: THE FED'S STRATEGY AND OBJECTIVES IN HISTORIC PERSPECTIVE
Moderator: Allison Schrager, Manhattan Institute
Michael Bordo, Rutgers University, ”Lessons from the History of Wars, the Great Depression and the Financial Crisis”
Mickey Levy, Berenberg Capital Markets, “Assessing the Risks of Deflation and Inflation”
Peter Ireland, Boston College, “Issues in Monetary Policy Strategy”
Athanasios Orphanides, MIT, “Observations on Central Banks: Comparing the Fed and the ECB”
12:00 PM - PANEL II: THE FED'S CREDIT LENDING
Moderator: Charles Plosser, formerly president, Federal Reserve Bank of Philadelphia
Deborah Lucas, MIT, “The Fed’s Expanded Lending Facilities”
Gregory Hess, Wabash College, “Has the Fed Overplayed Its Hand as Lender of Last Resort?”
Andrew Levin, Dartmouth College, “Conducting Monetary Policy Under Extreme Uncertainty”
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.