25th Annual Hyman P. Minsky Conference
This event has ended.When
April 12, 2016 - 12:00amto
April 13, 2016 - 12:00am
Where
Blithewood Manor30 Campus Rd
12571
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation
Levy Economics Institute of Bard College
Blithewood
Annandale-on-Hudson, New York 12504
April 12–13, 2016
The 2016 Minsky Conference will address whether what appears to be a global economic slowdown will jeopardize the implementation and efficiency of Dodd-Frank regulatory reforms, the transition of monetary policy away from zero interest rates, and the “new” normal of fiscal policy, as well as the use of fiscal policies aimed at achieving sustainable growth and full employment. Is economic policy leading to another Minsky moment?
Click here for video coverage of the individual speakers and panels.
Program
Tuesday, April 12
| 8:30−9:00 a.m. | Registration |
| 9:00−9:15 a.m. | Welcome and Introduction Dimitri B. Papadimitriou, President, Levy Institute Remarks in PDF |
| 9:15−10:30 a.m. | Session 1. GLOBAL FRAGILITY AND EMERGING MARKETS OUTLOOK MODERATOR: Theo Francis, Special Writer, The Wall Street Journal SPEAKER: Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn University of Technology PowerPoint presentation in PDF Fernando J. Cardim de Carvalho, Senior Scholar, Levy Institute; Emeritus Professor of Economics, Federal University of Rio de Janeiro PowerPoint presentation in PDF |
| 10:30 a.m. − 12:30 p.m. | Session 2. COMMODITIES AND DERIVATIVES REGULATION MODERATOR: Izabella Kaminska, Journalist, Financial Times SPEAKERS: Michael Masters, Founder and Chairman of the Board, Better Markets PowerPoint presentation in PDF Robert A. Johnson, President, Institute for New Economic Thinking; Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute |
| 12:30−2:15 p.m. | Lunch SPEAKER: Robert J. Barbera, Codirector, Center for Financial Economics, The Johns Hopkins University “Six Degrees of Separation: Why the Fed’s Strategy of Precautionary Unemployment Is Nutty” Remarks in PDF |
| 2:15−4:45 p.m. | Session 3. IS THE CURRENT CREDIT STRUCTURE CONDUCIVE TO FINANCIALLY STABLE RECOVERY? MODERATOR: Jesse Eisinger, Senior Reporter, ProPublica SPEAKERS: Henry Kaufman, President, Henry Kaufman & Company, Inc. Richard Berner, Director, Office of Financial Research, US Department of the Treasury Remarks in PDF Martin L. Leibowitz, Managing Director, Morgan Stanley Albert M. Wojnilower, Economic Consultant, Craig Drill Capital Remarks in PDF |
| 4:45−6:45 p.m. | Session 4. MINSKY, INEQUALITY, AND THE MONETARY/FISCAL POLICY OUTLOOK MODERATOR: Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn University of Technology SPEAKERS: Stephanie A. Kelton, Research Associate, Levy Institute; Chief Economist, US Senate Budget Committee; Professor, University of Missouri—Kansas City PowerPoint presentation in PDF Scott Fullwiler, Professor of Economics and James A. Leach Chair in Banking and Monetary Economics, Wartburg College PowerPoint presentation in PDF |
| 6:45−7:15 p.m. | Reception |
| 7:15 p.m. | Dinner |
Wednesday, April 13
| 9:00−11:30 a.m. | Session 5. US ECONOMIC OUTLOOK FORECAST MODERATOR: Eduardo Porter, Columnist, The New York Times SPEAKERS: Lakshman Achuthan, Cofounder and Chief Operations Officer, Economic Cycle Research Institute PowerPoint presentation in PDF Bruce C. N. Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia University Michalis Nikiforos, Research Scholar, Levy Institute PowerPoint presentation in PDF Frank Veneroso, President, Veneroso Associates, LLC PowerPoint presentation in PDF |
| 11:30 a.m. − 1:30 p.m. | Session 6. BANK REGULATION, TOO BIG TO FAIL, AND LIQUIDITY MODERATOR: Peter Eavis, Reporter, The New York Times SPEAKERS: Edward Kane, Professor of Finance, Boston College PowerPoint presentation in PDF Walker F. Todd, Trustee, American Institute for Economic Research L. Randall Wray, Senior Scholar, Levy Institute; Professor of Economics, Bard College PowerPoint presentation in PDF |
| 1:30−3:15 p.m. | Lunch SPEAKER: Barney Frank, Former US Representative (D-MA, 4) “2016—The Year Class Warfare Became Respectable” |
| 3:15−5:15 p.m. | Session 7. EUROPEAN PERFORMANCE AND REGULATORY OUTLOOK MODERATOR: Thorvald Grung Moe, Research Associate, Levy Institute; Special Adviser, Financial Stability, Norges Bank SPEAKERS: Mario Tonveronachi, Professor of the Economics of Financial Systems, University of Siena PowerPoint presentation in PDF Loukas Tsoukalis, Pierre Keller Visiting Professor, Harvard University |
| 5:15−7:00 p.m. | SPEAKER: Vítor Constâncio, Vice President, European Central Bank “A Challenging International Economic Environment for Central Banks” Link to Remarks |
Participants
Lakshman Achuthan, Cofounder and Chief Operations Officer, Economic Cycle Research Institute
Robert J. Barbera, Codirector, Center for Financial Economics, The Johns Hopkins University
Richard Berner, Director, Office of Financial Research, US Department of the Treasury
Fernando J. Cardim de Carvalho, Senior Scholar, Levy Institute; Emeritus Professor of Economics, Federal University of Rio de Janeiro
Vítor Constâncio, Vice President, European Central Bank
Peter Eavis, Reporter, The New York Times
Jesse Eisinger, Senior Reporter, ProPublica
Theo Francis, Special Writer, The Wall Street Journal
Barney Frank, Former US Representative (D-MA, 4)
Scott Fullwiler, Professor of Economics and James A. Leach Chair in Banking and Monetary Economics, Wartburg College
Bruce C. N. Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia University
Robert A. Johnson, President, Institute for New Economic Thinking; Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute
Izabella Kaminska, Journalist, Financial Times
Edward Kane, Professor of Finance, Boston College
Henry Kaufman, President, Henry Kaufman & Company, Inc.
Stephanie A. Kelton, Research Associate, Levy Institute; Chief Economist, US Senate Budget Committee; Professor, University of Missouri–Kansas City
Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn University of Technology
Martin L. Leibowitz, Managing Director, Morgan Stanley
Michael Masters, Founder and Chairman of the Board, Better Markets
Thorvald Grung Moe, Research Associate, Levy Institute; Special Adviser, Financial Stability, Norges Bank
Michalis Nikiforos, Research Scholar, Levy Institute
Dimitri B. Papadimitriou, President, Levy Institute
Eduardo Porter, Columnist, The New York Times
Walker F. Todd, Trustee, American Institute for Economic Research
Mario Tonveronachi, Professor of the Economics of Financial Systems, University of Siena
Loukas Tsoukalis, Pierre Keller Visiting Professor, Harvard University
Frank Veneroso, President, Veneroso Associates, LLC
Albert M. Wojnilower, Economic Consultant, Craig Drill Capital
L. Randall Wray, Senior Scholar, Levy Institute; Professor of Economics, Bard College