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The Philadelphia Fed Policy Forum

Friday, December 6, 2013
Federal Reserve Bank of Philadelphia

Program

9:30 a.m.

Continental Breakfast

10:15 a.m.

Opening Remarks
Charles I. Plosser, President, Federal Reserve Bank of Philadelphia


The Second Bank of the United States, the Founding of the Fed, and the Great Depression
Moderator: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia

10:30 a.m.

"The Life and Legacy of the Second Bank of the United States" PDF (371 KB, 17 pages)
Peter L. Rousseau, Vanderbilt University

10:55 a.m.

"Reasons for the Slow Recovery and Low Inflation: Lessons from Current and Past Federal Reserve History" PDF (135 KB, 7 pages)
Allan H. Meltzer, Carnegie Mellon University

11:20 a.m.

"Myths and Facts About the Great Depression" PDF (66 KB, 14 pages)
Lee E. Ohanian, University of California, Los Angeles

11:45 a.m.

Discussion and Audience Participation

12:15 p.m.

Lunch

 

The Accord, Lender of Last Resort, and the Great Inflation
Moderator: Michael Dotsey, Federal Reserve Bank of Philadelphia

1:30 p.m.

"The 1951 Fed–Treasury Accord: Its Historic Significance and Relevance
for Current Policy"
PDF (173 KB, 39 pages)
Marvin Goodfriend, Carnegie Mellon University

1:55 p.m.

"The Federal Reserve as a Lender of Last Resort: An Historical Perspective" PDF (149 KB, 46 pages)
Michael D. Bordo, Rutgers University

2:20 p.m.

"The Evolving Interpretation of the Mandate of the Federal Reserve" PDF (922 KB, 26 pages)
Athanasios Orphanides, Massachusetts Institute of Technology, Sloan School of Management

2:45 p.m.

Discussion and Audience Participation

3:15 p.m.

Break

 

The Contemporary Federal Reserve
Moderator: Loretta J. Mester, Federal Reserve Bank of Philadelphia

3:45 p.m.

"Responding to a Breakdown of the Financial System: The Federal Reserve in the Crisis of 2007-2009" PDF (127 KB,15 pages)
Donald L. Kohn, Senior Fellow, The Brookings Institute

4:10 p.m.

"The Challenges of Monetary Policy" PDF (212 KB, 6 pages)
The Honorable Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System

4:35 p.m.

Discussion and Audience Participation

5:00 p.m.

Reception and Informal Discussion


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