Title: Program
Author: Levy Economcs Institute
Company: Bard College

DRAFT
Program

Thursday, April 21

8:30−9:15 a.m.		BREAKFAST AND REGISTRATION

9:15−10:00 a.m.		WELCOME AND INTRODUCTION
				Dimitri B. Papadimitriou, The Levy Economics Institute
"How Fragile is the U.S. Economy"

10:00−10:45 a.m.		SPEAKER:	Sandra Pianalto, Federal Reserve Bank of Cleveland
						"Central Banks, Monetary Policy and Fiscal Deficits"

11:00 a.m. – 12:45 p.m.	SESSION 1	
THE STATE OF THE U.S. AND WORLD ECONOMIES
				Moderator: Dimitri B. Papadimitriou, The Levy Economics Institute
				Steven B. Kamin, Federal Reserve System
"Financial Market Developments and Economic Acitvity During Current Account Adjustments in Industrial Economies"
				James W. Paulsen, Wells Capital Management
				"Economic & Financial Market Outlook"
				*Frank Veneroso, RCM
				"China's Inevitable Investment Bust: Ignore It at Your Peril"

12:45−2:00 p.m.		LUNCH
									
2:00−3:45 p.m.		SESSION 2	
MONETARY POLICY IN THE U.S. ECONOMY
				Moderator: Greg Hannsgen, The Levy Economics Institute
				Bruce C. Kasman, JPMorgan Chase
				"The End of Easy Money"
				Albert Wojnilower, Craig Drill Capital Corp.				
				"Why Monetary Policy?"
				L. Randall Wray, The Levy Institute and University of Missouri-Kansas City
"The New Monetary Consensus and Neutral Rate Targets: What Would Minsky Think?"
				
4:00−5:30 p.m.		SESSION 3	
				FINANCIAL INSTABILITY IN A GLOBAL ECONOMY
				Moderator: W. Ray Towle, The Levy Economics Institute
Robert Z. Lawrence, Harvard University
"What Happened to the Great American Job Machine: The Role of Trade and Outsourcing"		
				Edwin (Ted) Truman, Institute for International Economics
				"The United States and the World Economy"		

5:30−6:30 p.m.		RECEPTION 

6:30 p.m.			DINNER

Friday, April 22

9:00 a.m.			BREAKFAST

9:30−11:00 a.m.		SESSION 4
THE MACROECONOMIC PROSPECTS FOR THE U.S. ECONOMY
Moderator: Ajit Zacharias, The Levy Economics Institute
Lakshman Achuthan, Economic Cycle Research Institute
				"The Importance of Being a 'Monitorist'"
James K. Galbraith, University of Texas at Austin
				"Breaking Out of the Deficit Trap"
				Richard W. Peach, Federal Reserve Bank of New York
				"Is There A Housing Bubble?"
				*Brad Setser, Oxford University
				
11:00 a.m.−12:15 p.m.	SPEAKER:	Paul Davidson, New School University
"Is A Declining Dollar Good for the U.S. Economy or the Global Economy? (The Exchange Rate and the Twin Deficits)"

12:15−2:00 p.m.		LUNCH
				SPEAKER:	Donald L. Kohn, Federal Reserve System

2:00−3:00 p.m.		CLOSING REMARKS AND RECEPTION

*To be confirmed