Sponsored by the Center for Quantitative Economic Research (CQER)
The conference featured a number of papers that examine the effects of fiscal policy. Given the current deep recession and rising government debt, the theme of this conference was more timely and urgent than ever. The goal of the conference was to convene prominent economists to share their perspectives on this important topic.
Agenda
| Friday, January 8, 2010 | |
| Welcome Remarks John Robertson, Vice President and Senior Economist, Federal Reserve Bank of Atlanta |
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| Session 1 |
Session Chair Federico Mandelman, Federal Reserve Bank of Atlanta "Simple Analytics of the Government Expenditure Multiplier" |
"Fiscal Stimulus and Distortionary Taxation"  Harald Uhlig, University of Chicago Discussant Lars Svensson, Sveriges Riksbank [Presentation ] |
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| Session 2 | Session Chair Pedro Silos, Federal Reserve Bank of Atlanta "What Fiscal Policy Is Effective at Zero Interest Rates?" Gauti Eggertsson, Federal Reserve Bank of New York Discussant Bruce Preston, Columbia University [Presentation ] |
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"Central Banking in the Credit Turmoil: An Assessment of Federal Reserve Practice" Marvin Goodfriend, Carnegie Mellon [Presentation ]Discussant V.V. Chari, University of Minnesota [Presentation ] |
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| Session 3 |
Session Chair Lei Fang, Federal Reserve Bank of Atlanta "Fiscal Policy Can Reduce Unemployment: But There Is a Better Alternative" Roger Farmer, University of California, Los Angeles [Presentation ]Discussant Mirko Wiederholt, Northwestern University [Presentation ] |
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"Using Stock Returns to Identify Government Spending Shocks" Jonas Fisher and Ryan Peters, Federal Reserve Bank of Chicago Discussant Andrew Levin, Board of Governors [Presentation ] |
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| Keynote speaker | "Fiscal Policy Analysis in the Current Environment" Alan Auerbach, University of California, Berkeley [Presentation ] |
| Saturday, January 9, 2010 | |
| Session 4 | Session Chair Juan Rubio-Ramirez, Duke University and Federal Reserve Bank of Atlanta "Price Level Determination in General Equilibrium" Christopher Sims, Princeton University Discussant Jesus Fernandez-Villaverde, University of Pennsylvania [Presentation ] |
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"New Keynesian versus Old Keynesian Government Spending Multipliers" John Taylor, Stanford University [Presentation ] Discussant Jesper Lindé, Federal Reserve Board [Presentation ] |
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| Session 5 |
Session Chair Dan Waggoner, Federal Reserve Bank of Atlanta "When Is the Government Spending Multiplier Large?" Larry Christiano, Martin Eichenbaum, and Sergio Rebelo, Northwestern University Discussant Nobuhiro Kiyotaki, Princeton University [Presentation ] |