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Monetary and Financial History Workshop

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Conference Details

Date: May 23-24, 2022
Location: Federal Reserve Bank of Atlanta

Address:
Federal Reserve Bank of Atlanta
1000 Peachtree St NE
Atlanta, GA 30309

Organized by Michael Bordo (Rutgers University), Will Roberds (Federal Reserve Bank of Atlanta), and Warren Weber (Federal Reserve Bank of Minneapolis)

Agenda

Monday, May 23
1:00 p.m. Introductory remarks
Paula Tkac, Senior Vice President and Associate Director of Research
1:15 Session #1: Monetary/Fiscal Interactions
Chair: Ellis Tallman, Federal Reserve Bank of Cleveland

"Muddling Through or Tunnelling Through? UK Monetary and Fiscal Exceptionalism During the Great Inflation"
Presenters: Michael Bordo, Rutgers University, Oliver Bush, Bank of England, and Ryland Thomas, Bank of England* [Presentation]
Discussant: Joshua Hausman, Michigan [Presentation]
"Three World Wars: Fiscal-Monetary Consequences"
Presenters: George Hall, Brandeis University, and Thomas J. Sargent, New York University* [Presentation]
Discussant: Christopher Meissner, University of California–Davis [Presentation]

"The Recovery of 1933"
Presenter: Eric Leeper, University of Virginia* [Presentation]
Authors: Margaret Jacobson, Indiana University, and Bruce Preston, University of Melbourne
Discussant: Kris Mitchener, Santa Clara University [Presentation]
3:15 Break
3:45 Session #2: Panel on Current Inflation in Historical Perspective
Chair: Hugh Rockoff, Rutgers University

Panelist: Robert Hetzel, Federal Reserve Bank of Richmond, retired
Background paper: "Resuscitating the Monetarist-Keynesian Debate to Predict the Consequences of the Federal Reserve's Pandemic Monetary Policy"
Background paper: "How the FOMC Can Start Learning"
Panelist: Jeremy Rudd, Federal Reserve Board of Governors*
Background paper: "The Anatomy of Single-Digit Inflation in the 1960s"
Background paper: "Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)"
Panelist: Mickey Levy, Berenberg Capital Markets [Presentation]
Background paper: "The Fed's Monetary Policy Exit Once Again Behind the Curve"
5:15 Reception
6:00 Dinner
"A Thousand Years of Paper Currency, and What Comes Next"
Keynote: Barry Eichengreen, University of California–Berkeley* [Presentation]
Tuesday, May 24
8:30 a.m. Continental breakfast
9:00 Session #3
Chair: Peter Rousseau, Vanderbilt University
"At Your Service! Liquidity Provision and Risk Management in 19th Century France"
Presenter: Maylis Avaro, University of Pennsylvania [Presentation]
Discussant: Angela Redish, University of British Columbia [Presentation]
"The Berlin Stock Exchange in the 'Great Disorder'"
Presenter: Caroline Fohlin, Emory University [Presentation]
Coauthor: Stephanie Collet, Deutsche Bundesbank
Discussant: Eugene White, Rutgers University
10:30 Break
11:00 Session #4: Panel on the Past and Future of Money
Chair: Warren Weber, Federal Reserve Bank of Minneapolis, retired*

Panelist: Marc Flandreau, University of Pennsylvania*
Panelist: Gary Gorton, Yale University* [Presentation]
Panelist: François Velde, Federal Reserve Bank of Chicago [Presentation]
12:30 p.m. Lunch
1:30 Session #5
Chair: Angela Vossmeyer, Claremont McKenna College

"Bad News Bankers: Underwriter Reputation and Contagion in Pre-1914 Sovereign Debt Markets"
Presenter: Sasha Indarte, University of Pennsylvania [Presentation]
Discussant: Jonathan Rose, Federal Reserve Bank of Chicago [Presentation]
"The Macroeconomic Impact of the American Civil War"
Presenter: Marc Weidenmier, Chapman University [Presentation]
Discussant: Mark Carlson, Federal Reserve Board of Governors [Presentation]
3:00 Break
3:30 Session #6: Panel on the Evolution of Federal Reserve's Mission and Governance
Chair: David Wheelock, Federal Reserve Bank of St. Louis

Panelist: Sarah Binder, George Washington University* [Presentation]
Panelist: Lev Menand, Columbia University* [Presentation]
Panelist: Ned Prescott, Federal Reserve Bank of Cleveland [Presentation]
Background paper: "Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy"
5:00 Adjournment

* Attending virtually