26th Annual Hyman P. Minsky Conference

A conference organized by the Levy Economics Institute of Bard College

Levy Economics Institute of Bard College
Blithewood
Annandale-on-Hudson, New York 12504

April 18–19, 2017

The 2017 Minsky Conference addressed the implications of the new administration’s “America First” policies, focusing on the outlook for trade, taxation, fiscal, and financial regulation measures to generate domestic investments capable of moving the growth rate beyond the “new normal” established in the aftermath of the Great Recession, without jeopardizing financial stability. It also assessed the impact of different financing schemes on both infrastructure investment and the return of central bank monetary policies to more neutral interest rates, as well as the new policy proposals’ implications for the performance of European and Latin American economies.

Click here for video coverage of the individual speakers and panels.

Program

Tuesday, April 18

8:00−8:30 a.m.	Registration
8:30−9:00 a.m.	Welcome and Introduction Jan Kregel, Director of Research, Levy Institute Remarks in PDF  Link to Audio
9:00−10:00 a.m.	SPEAKER: Esther L. George, President and Chief Executive Officer, Federal Reserve Bank of Kansas City “The Federal Reserve and Monetary Policy” Remarks in PDF  Link to Audio, Link to Q&A
10:30 a.m. − 12:30 p.m.	Session 1. US GROWTH AND EMPLOYMENT OUTLOOK  Link to Session 1 Audio, Link to Q&A MODERATOR: Michael S. Derby, Special Writer, The Wall Street Journal SPEAKERS: Lakshman Achuthan, Cofounder and Chief Operations Officer, Economic Cycle Research Institute PowerPoint presentation in PDF Michael E. Feroli, Chief US Economist, JPMorgan Chase & Co. Michalis Nikiforos, Research Scholar, Levy Institute PowerPoint presentation in PDF
12:30−2:00 p.m.	Lunch SPEAKER: Robert J. Barbera, Codirector, Center for Financial Economics, The Johns Hopkins University “Planning for Trump World: And You Thought You Knew What Pervasive Uncertainty Looked Like!”  Link to Audio, Link to Q&A
2:00−4:45 p.m.	Session 2. CENTRAL BANK AND MONETARY POLICY OUTLOOK  Link to Session 2 Audio, Link to Q&A MODERATOR: Rana Foroohar, Global Business Columnist, Financial Times; and Global Economic Analyst, CNN SPEAKERS: Edwin M. Truman, Nonresident Senior Fellow, Peterson Institute for International Economics PowerPoint presentation in PDF Scott Fullwiler, Professor of Economics, University of Missouri–Kansas City PowerPoint presentation in PDF Stephanie A. Kelton, Research Associate, Levy Institute; Professor of Economics, University of Missouri–Kansas City PowerPoint presentation in PDF L. Randall Wray, Senior Scholar, Levy Institute; Professor of Economics, Bard College PowerPoint presentation in PDF
4:45−5:15 p.m.	Reception

Wednesday, April 19

9:00−10:00 a.m.	SPEAKER: Thomas M. Hoenig, Vice Chairman, Federal Deposit Insurance Corporation “Keynote on Proposed Reforms of Banking System Structure”  Link to Audio, Link to Q&A
10:30 a.m. − 12:30 p.m.	Session 3. EUROPEAN MONETARY AND FINANCIAL OUTLOOK  Link to Session 3 Audio, Link to Q&A MODERATOR: Yalman Onaran, Senior Writer, Bloomberg News SPEAKERS: Peter Praet, Chief Economist and Executive Board Member, European Central Bank PowerPoint presentation in PDF Paolo Savona, formerly, President, Fondo Interbancario di Tutela dei Depositi PowerPoint presentation in PDF Jan Kregel, Director of Research, Levy Institute PowerPoint presentation in PDF
12:30−1:45 p.m.	SPEAKER: Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston “The Federal Reserve Balance Sheet and Monetary Policy” PowerPoint presentation in PDF External Link to Remarks and Presentation  Link to Audio, Link to Q&A
1:45−3:15 p.m.	Lunch
3:15−5:15 p.m.	Session 4. LATIN AMERICAN POLICY AND THE NEW NATIONALISM  Link to Session 4 Audio, Link to Q&A MODERATOR: Christian Plumb, Latin America Business Editor, Reuters SPEAKERS: Arturo O’Connell, formerly, Member of the Board of Governors, Central Bank of Argentina 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 Arturo Huerta González, Professor of Economics, Universidad Nacional Autónoma de México PowerPoint presentation in PDF

Video