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Edward C. Prescott

Lee E. Ohanian
Associate Director

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Inaugural Conference

The Center hosted its inaugural conference, Causes and Consequences of Financial Crises and Efficiency of Alternative Intermediation Systems in April. The keynote address (page not found) was delivered by Robert E. Lucas Jr.

Conference Agenda

9:00aWelcome address and organizational remarks by Edward C. Prescott
9:20 - 10:10aArthur Rolnick: Regulating Banks that are too Big to Fail: Where do we go from here?
10:10 - 11:00aEdward S. Prescott: Financial Regulatory Reform.
11:00 - 11:20aBreak
11:20 - 12:10pRobert M. Townsend: Financial Intermediation and Crises in Developing Countries.
12:10 - 1:00pEllen R. McGrattan: Capital Taxation during the U.S. Great Depression.
1:00 - 2:00pLunch: Alumni Lounge – 2nd floor MU
2:00 - 2:50pLee Ohanian: The Persistence of the Great Depression: Financial Reform without Economic Recovery.
2:50 - 3:40pTimothy J. Kehoe: Why Real Outcomes Following Financial Crises Differ.
3:40 - 4:00pBreak
4:00 - 5:00pEdward J. Green: Optimal Intermediated Investment in a Liquidity-Driven Business Cycle.