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Navigating the Decade Ahead: Implications for Monetary Policy

Thursday, August 27, 2020 –

Friday, August 28, 2020

The Federal Reserve Bank of Kansas City hosts central bankers, policymakers, academics and economists from around the world at its annual economic policy symposium, Aug. 27-28, 2020.

Agenda

This year's symposium was conducted online. The proceedings were livestreamed on the Federal Reserve Bank of Kansas City's External LinkYouTube channel. All times listed below are in the Central Time Zone.

Materials for the symposium, during which participants discuss economic issues, implications and policy options, will be posted as they are available.

Click here to learn more about the theme of this year's Jackson Hole Economic Symposium. To learn more about the symposium's history read PDFIn Late August.

Agenda

Day 1:

Program Kick-Off

external None

Host:
Esther L. George
President and Chief Executive Officer
Federal Reserve Bank of Kansas City

PDFWelcome Remarks

PDFContributors

Moderator Welcome

Chair:
Susan M. Collins
Provost
University of Michigan

Opening Remarks

external None

Featured Speaker:
Jerome H. Powell | PDFRemarks
Chair
Board of Governors of the Federal Reserve System

Why Has The Trend Rate Of Growth Declined?

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Author: Ufuk Akcigit | PDFPaper
Professor
University of Chicago

Discussant: Gauti B. Eggertsson | PDFRemarks
Professor
Brown University

General Discussion

Why Are Interest Rates So Low?

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Author:
Laura Veldkamp | PDFPaper
Professor
Columbia University

Discussant:
Kenneth Rogoff | PDFRemarks
Professor
Harvard University

General Discussion

Crisis Management in the COVID-19 Economic Shutdown

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Panelists:
Philip R. Lane | PDFRemarks
Member of the Executive Board
European Central Bank

Tiff Macklem | PDFRemarks
Governor
Bank of Canada

Tharman Shanmugaratnam | PDFRemarks
Chairman
Monetary Authority of Singapore

General Discussion

Adjournment

Day 2:

Moderator Welcome

Chair:
Kristin J. Forbes
Professor
Massachusetts Institute of Technology

Opening Remarks

external None

Andrew Bailey | PDFRemarks
Governor
Bank of England

Micro Uncertainty and Policy Uncertainty

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Location:

external Watch Panel

Author:
Nicholas Bloom | PDFPaper
Professor
Stanford University

Discussant:
Janice C. Eberly | PDFRemarks
Professor
Northwestern University

General Discussion

Expectations and Monetary Policy

external None

Author:
Yuriy Gorodnichenko | PDFPaper
Professor
University of California-Berkeley

Discussant:
George-Marios Angeletos | PDFRemarks
Professor
Massachusetts Institute of Technology

General Discussion

Post-Pandemic Monetary Policy and the Effective Lower Bound (ELB)

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Panelists:
Laurence Boone | PDFRemarks
Chief Economist
Organisation for Economic Co-operation and Development

Jordi Galí | PDFRemarks
Professor
Universitat Pompeu Fabra

Michael Woodford | PDFRemarks
Professor
Columbia University

General Discussion

Concluding Remarks

Adjournment

PDFRoster of Attendees