Center for the Advanced Study in Economic Efficiency

Financial Reform and Quantitative Easing in General Equilibrium Conference

Friday, February 21, 2014

11:00 - 12:45 Session 1
Topic
: The Financial Accounts - What is the Current State?
Discussion Leader: Edward Prescott - ASU
Presenter: Martin Schneider - Stanford University, Harold Cole - University of Pennsylvania
12:45 - 1:30 Lunch Break
1:30 - 3:45 Session 2
Topic
: Commercial Banking - Essential Features and Earlier Banking Systems
Discussion Leader: Arthur Rolnick - University of Minnesota
Presenter: Andrew Atkeson - UCLA, Warren Weber - Minneapolis FRB
3:45 - 4:15 Coffee Break
4:15 - 5:15 Plenary Lecture
Jeffrey M. Lacker
President, Federal Reserve Bank of Richmond

Saturday, February 22, 2014

8:30 - 9:30 Continental Breakfast
9:30 - 12:00 Session 3
Topic
: Quantitative Easing and Winding it Down
Presenter: Stephen Williamson - Washington U in St. Louis, Huberto Ennis - Richmond FRB
12:00 - 12:30 Lunch Break
12:30 - 2:30 Session 4
Topic
: Inplications of Mechanism Design Theory and the Theory of Value for Fractional Reserve Banking
Presenter: Edward Prescott/Rajnish Mehra - ASU, Borys Grochulski - Richmond FRB
2:30 - 3:00 Coffee Break
3:00 - 5:20 Session 5
Topic
: Credit Ratings, Too-Big-to-Fail, Bailouts, and Management Compensation
Presenter: Dirk Krueger - University of Pennsylvania, Thomas Cooley - New York University, Ned Prescott/Jeffrey Coles - Richmond FRB/Arixona State University