Conference

23rd Annual Hyman P. Minsky Conference on the State of the US and World Economies

Stabilizing Financial Systems for Growth and Full Employment

The National Press Club
Washington, D.C.
April 9–10, 2014

Organized by the Levy Economics Institute with support from the Ford Foundation

Levy on Youtube Click here for video.

Program

Wednesday, April 9

8:00−8:30 a.m. Breakfast and Registration
8:30−8:45 a.m. Welcome and Introduction
Dimitri B. Papadimitriou, President, Levy Institute
8:45−9:45 a.m. SPEAKER: Carolyn B. Maloney, US Representative (D-NY, 12)
“A Prospective from Capitol Hill”
9:45−11:45 a.m. Session 1. FINANCIAL REREGULATION TO SUPPORT GROWTH AND EMPLOYMENT
MODERATOR: Deborah Solomon, News Editor, The Wall Street Journal
SPEAKERS: Alex J. Pollock, Resident Fellow, American Enterprise Institute
Andrew Sheng, President, Fung Global Institute
Mercedes Marcó del Pont, formerly, President, Central Bank of Argentina
PowerPoint presentation in PDF
Michael Greenberger, Professor, School of Law, and Director, Center for Health and Homeland Security, The University of Maryland
11:45 a.m. − 1:30 p.m. Lunch
SPEAKER: Sherrod Brown, US Senator (D-OH)
1:30−2:45 p.m. Session 2. FINANCIAL REGULATION AND ECONOMIC STABILITY: WAS DODD-FRANK ENOUGH, OR TOO MUCH?
MODERATOR: Binyamin Appelbaum, Business and Economics Reporter, The New York Times
SPEAKERS: Anat Admati, Professor of Finance and Economics, Stanford University
Jan Kregel, Senior Scholar, Levy Institute, and Professor, Tallinn University of Technology
PowerPoint presentation in PDF
2:45−3:15 p.m. Coffee Break
3:15−4:15 p.m. SPEAKER: Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
“Fed Communications and Goal-oriented Monetary Policy”
Link to remarks and slides
4:15−6:00 p.m. Session 3. THE GLOBAL GROWTH AND EMPLOYMENT OUTLOOK: CLOUDY WITH A RISK OF . . . ?
MODERATOR: James Politi, US Economics and Trade Correspondent, Financial Times
SPEAKERS: Bruce Kasman, Chief Economist and Managing Director of Global Research, J. P. Morgan
Willem H. Buiter, Global Chief Economist, Citi
Frank Veneroso, President, Veneroso Associates, LLC
PowerPoint presentation in PDF
6:00 p.m. Reception
7:00 p.m. Dinner
SPEAKER: Daniel K. Tarullo, Member, Board of Governors of the Federal Reserve System
Link to remarks

Thursday, April 10

8:30−9:00 a.m. Breakfast
9:00−10:00 a.m. SPEAKER: Peter Praet, Executive Board Member, European Central Bank
“The Financial Cycle and Real Convergence in the Euro Area”
Link to remarks
10:00 a.m. − 12:00 p.m. Session 4. THE EURO AND EUROPEAN GROWTH AND EMPLOYMENT PROSPECTS
MODERATOR: Tom Redburn, Economics Editor, The New York Times
SPEAKERS: Heiner Flassbeck, Director, Flassbeck-Economics; formerly, Director, Division on Globalization and Development Strategies, United Nations Conference on Trade and Development (UNCTAD)
PowerPoint presentation in PDF
Denis MacShane, European Policy Counsel; former UK Minister for Europe
Dimitri B. Papadimitriou, President, Levy Institute
PowerPoint presentation in PDF
12:00−2:00 p.m. Lunch
SPEAKER: Jason Furman, Chairman, Council of Economic Advisers, Executive Office of the President
“Is the Great Moderation Coming Back?”
PowerPoint presentation in PDF
2:00−3:00 p.m. SPEAKER: Vítor Constâncio, Vice President, European Central Bank
"Growing Out of the Crisis: Is Fixing Finance Enough?"
Link to remarks
3:00−3:15 p.m. Coffee Break
3:15−5:00 p.m. Session 5. WHAT ARE THE MONETARY CONSTRAINTS TO SUSTAINABLE RECOVERY OF EMPLOYMENT?
MODERATOR: Jon E. Hilsenrath, Chief Economics Correspondent, The Wall Street Journal
SPEAKERS: Robert Barbera, Co-director, Center for Financial Economics, The Johns Hopkins University
PowerPoint presentation in PDF
Frank N. Newman, Chairman, Promontory Financial Group China; formerly, Deputy Secretary, US Department of the Treasury
L. Randall Wray, Senior Scholar, Levy Institute, and Professor, University of Missouri–Kansas City
PowerPoint presentation in PDF

Participants

Anat Admati
Professor of Finance and Economics, Stanford University

Binyamin Appelbaum
Business and Economics Reporter, The New York Times

Robert Barbera
Co-director, Center for Financial Economics, The Johns Hopkins University

Sherrod Brown
US Senator (D-OH)

Willem H. Buiter
Global Chief Economist, Citi

Vítor Constâncio
Vice President, European Central Bank

Charles L. Evans
President and Chief Executive Officer, Federal Reserve Bank of Chicago

Heiner Flassbeck
Director, Flassbeck-Economics; formerly, Director, Division on Globalization and Development Strategies, United Nations Conference on Trade and Development (UNCTAD)

Jason Furman
Chairman, Council of Economic Advisers, Executive Office of the President

Michael Greenberger
Professor, School of Law, and Director, Center for Health and Homeland Security, The University of Maryland

Jon E. Hilsenrath
Chief Economics Correspondent, The Wall Street Journal

Bruce Kasman
Chief Economist and Managing Director of Global Research, J. P. Morgan

Jan Kregel
Senior Scholar, Levy Institute, and Professor, Tallinn University of Technology

Denis MacShane
European Policy Counsel; former UK Minister for Europe

Carolyn B. Maloney
US Representative (D-NY, 12)

Mercedes Marcó del Pont
Formerly, President, Central Bank of Argentina

Frank N. Newman
Chairman, Promontory Financial Group China; formerly, Deputy Secretary, US Department of the Treasury

Dimitri B. Papadimitriou
President, Levy Institute

James Politi
US Economics and Trade Correspondent, Financial Times

Alex J. Pollock
Resident Fellow, American Enterprise Institute

Peter Praet
Executive Board Member, European Central Bank

Tom Redburn
Economics Editor, The New York Times

Andrew Sheng
President, Fung Global Institute

Deborah Solomon
News Editor, The Wall Street Journal

Daniel K. Tarullo
Member, Board of Governors of the Federal Reserve System

Frank Veneroso
President, Veneroso Associates, LLC

L. Randall Wray
Senior Scholar, Levy Institute, and Professor, University of Missouri–Kansas City