Thursday, April 16
|
| 8:00–9:00 a.m. |
BREAKFAST AND REGISTRATION |
9:00–9:30
a.m. |
WELCOME AND INTRODUCTION |
Maya Harris, Ford Foundation
Dimitri B. Papadimitriou, The Levy Economics Institute |
9:30–10:30
a.m. |
SPEAKER |
“Unpleasant Arithmetic”
Bruce Kasman, JPMorgan Chase & Co. |
10:30 a.m. – 12:15
p.m. |
SESSION 1—ASSESSMENT OF FED/TREASURY RESPONSE TO CRISIS |
| MODERATOR: Greg Hannsgen, The Levy Economics Institute
William Kurt Black, University of Missouri–Kansas City
“Return of the State”
Marshall Auerback, RAB Capital PLC
“Setting the Agenda for Financial Reform”
Jane D’Arista, Political Economy Research Institute, University of Massachusetts Amherst
“Fatal Reversal: From Single Payer to Free Markets and Back Again”
Thomas Ferguson, University of Massachusetts Boston |
12:15–2:30
p.m. |
LUNCH |
| SPEAKER: Dennis P. Lockhart, Federal Reserve Bank of Atlanta |
2:30–3:15
p.m. |
SPEAKER |
“Always the Same, Always Different”
James Grant, Grant’s Interest Rate Observer |
| 3:15–5:00 p.m. |
SESSION 2—PROPOSALS ON ALTERNATIVE FINANCIAL REGULATION |
| MODERATOR: Jane D’Arista, Political Economy Research Institute, University of Massachusetts Amherst
“It’s a Long Regulatory Agenda”
Alan S. Blinder, Princeton University
“Thoughts about the Supervisory System Going Forward”
Christine M. Cumming, Federal Reserve Bank of New York
“Will We Have Meaningful Reform or Simply the Appearance of Reform?”
Michael Greenberger, The University of Maryland School of Law
“Narrow Banking v. Toxic Instruments”
Martin Mayer, The Brookings Institution |
| 5:00–5:15 p.m. |
COFFEE BREAK |
5:15–6:30
p.m. |
SESSION 3—LEVY INSTITUTE–FORD PROJECT PROPOSALS ON REREGULATION OF THE FINANCIAL SYSTEM |
| MODERATOR: Greg Hannsgen, The Levy Economics Institute
“Minsky and the Regulation of the Financial System”
Jan Kregel, The Levy Economics Institute and University of Missouri–Kansas City
“Structural Contagion: Some Implications of the International Transmission of Financial Fragility”
C. P. Chandrasekhar, Jawaharlal Nehru University
“Reregulating the Financial System”
Mario Tonveronachi, University of Siena
“Financial Regulation and the Financial Instability Hypothesis: A Ponzi-finance Approach to Financial Reform”
Éric Tymoigne, The Levy Economics Institute and California State University, Fresno |
| 6:30–7:30 p.m. |
RECEPTION |
| 7:30 p.m. |
DINNER |
SPEAKER:
“A Minsky Meltdown: Lessons for Central Bankers?”
Janet L. Yellen, Federal Reserve Bank of San Francisco |
Friday, April 17
|
| 8:30–9:00 a.m. |
BREAKFAST |
| 9:00–9:45 a.m. |
SPEAKER |
“Minsky, U.S. Policy, and the Global Economy”
Robert J. Barbera, ITG |
| 9:45–10:30 a.m. |
SPEAKER |
“Financial Crisis—A Threat to European Economies”
Norbert Walter, Deutsche Bank |
| 10:30–10:45 a.m. |
COFFEE BREAK |
10:45 a.m. – 12:00
p.m. |
SESSION 4—THE INSTITUTIONAL SHAPE OF THE FUTURE FINANCIAL SYSTEM |
| MODERATOR: Jan Kregel, The Levy Economics Institute and University of Missouri–Kansas City
“Four Tasks for the Market Stability Regulator”
Richard Bookstaber, Author and financial economist
“Does Changing Boxes on the Regulatory Organization Chart Alter Minsky’s Fragility?”
Alex J. Pollock, American Enterprise Institute
“Stress Testing the Banks and Stabilizing Household Budgets”
Walker F. Todd, American Institute for Economic Research |
| 12:00 – 1:15 p.m. |
SESSION 5—CURRENT CONDITIONS AND FORECASTS |
| MODERATOR: Ajit Zacharias, The Levy Economics Institute
“U.S. Economic Outlook”
Dean Maki, Barclays Capital
“Economic and Financial Market Outlook”
James W. Paulsen, Wells Capital Management
“What Happens at Growth Rate Cycle Upturns?”
Lakshman Achuthan, Economic Cycle Research Institute |
| 1:15–3:15 p.m. |
LUNCH |
SPEAKER:
“Who Is Primarily Responsible for the Credit Crisis?”
Henry Kaufman, Henry Kaufman & Company, Inc. |
| 3:15–4:00 p.m. |
SPEAKER |
| Joseph E. Stiglitz, Columbia University |
| 4:00–6:00 p.m. |
SESSION 6—ALTERNATIVE STIMULUS AND BAILOUT PROPOSALS |
| MODERATOR: Dimitri B. Papadimitriou, The Levy Economics Institute
“No Return to Normal”
James K. Galbraith, The Levy Economics Institute and University of Texas at Austin
“Alternative Proposals for a U.S. Nonconvertible Currency Regime”
Warren Mosler, Valance Company, Inc.
“Riding the Debt Deflation Guardrails”
Robert W. Parenteau, The Levy Economics Institute and MacroStrategy Edge
“The Return of Big Government: A Minskyan New Deal”
L. Randall Wray, The Levy Economics Institute and University of Missouri–Kansas City |
| 6:00–6:30 p.m. |
RECEPTION |
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