Foreword
THOMAS M. HOENIG
President, Federal Reserve Bank of Kansas City
Opening Remarks
BEN S. BERNANKE
Chairman, Board of Governors of the Federal Reserve System
The Origins and Nature of Financial Crises
The "Surprising" Origin and Nature of Financial Crises: A Macroeconomic Policy Proposal
RICARDO J. CABALLERO
Professor, Massachusetts Institute of Technology
Discussant: KENNETH S. ROGOFF
Professor, Harvard University
Financial Crises and Economic Activity
Financial Crises and Economic Activity
STEPHEN G. CECCHETTI
Economic Adviser and Head of the Monetary and Economic Department, Bank for International Settlements
CHRISTIAN UPPER
Head of Financial Markets, Bank for International Settlements
Discussant:MARK GERTLER
Professor, New York University
Policies to Stabilize Financial Markets
Panelists:
CHARLES GOODHART
Professor, London School of Economics
BRIAN F. MADIGAN
Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System
JEAN-CHARLES ROCHET
Professor, University of Toulouse
Luncheon Address
STANLEY FISCHER
Governor, Bank of Israel
Monetary Policy to Stabilize Economic Activity
Using Monetary Policy to Stabilize Economic Activity
CARL E. WALSH
Professor, University of California, Santa Cruz
Discussant: MARK J. CARNEY
Governor, Bank of Canada
Fiscal Policy to Stabilize Economic Activity
Activist Fiscal Policy to Stabilize Economic Activity
ALAN J. AUERBACH
Professor, University of California, Berkeley
WILLIAM G. GALE
Vice President and Director, Economic Studies, The Brookings Institution
Discussants:
R. GLENN HUBBARD
Dean, Columbia Business School, Columbia University
KLAUS SCHMIDT-HEBBEL
Professor, Catholic University of Chile
The International Policy Response to Financial Crises
Panelists:
JAIME CARUANA
General Manager, Bank for International Settlements
MASAAKI SHIRAKAWA
Governor, Bank of Japan
JEAN-CLAUDE TRICHET
President, European Central Bank