Carnegie-Rochester Conference Series on Public Policy

Semi-annual Conference

Editors:    Bennett McCallum

                 Charles I. Plosser

Upcoming Conference

Conference Event Reply Form

April 25-26, 2008

Simon School, University of Rochester

Rochester, NY


Carnegie-Rochester Conference Schedule
“Credit Market Turmoil: Implications for Policy”

April 17-18, 2009

Thursday, April 16


8:00 pm-11:00 pm      Welcome Reception, Hyatt Regency - refer to hotel monitor


Friday, April 17


       8:30 am                Bus transportation to campus


 8:45-9:15 am              Packet Retrieval and Breakfast


                                    CONFERENCE SESSION I - SCHLEGEL 207


     Chairman:              TBA         

 9:15-10:30 am            “Credit Market Turmoil, Monetary Policy and Business Cycles: Identification from History”

by Michael Bordo and Joseph Haubrich

                                    Discussant: Harold Cole


10:30-10:45 am           Break


10:45-12:00 pm          “Financial Globalization, Financial Crises and Contagion”

by Enrique Mendoza and Vincenzo Quadrini

                                    Discussant: Gian Luca Clementi


12:00pm                       Luncheon – Schlegel Hall Rotunda


                                    CONFERENCE SESSION II - SCHLEGEL 207


     Chairman:              TBA

1:30-2:45 pm              "The macroeconomics of money market freezes"

                                    by Max Bruche and Javier Suarez

                                    Discussant: Viral Acharya


2:45-3:00 pm              Break


 3:00-4:15 pm             “Is Mark-to-Market Accounting Destabilizing? Analysis and Implications for Policy”

                                    by John Heaton, Deborah Lucas and Robert McDonald

Discussant:  Konstantin Milbradt

        4:30 pm               Bus Transportation back to the Hyatt Regency


        6:30 pm               Bus departs Hyatt Regency for transportation to the Country Club of Rochester


        6:45 pm               Cocktails, Country Club of Rochester


        7:30 pm               Dinner, Country Club of Rochester

         9:30 pm              Transportation back to the Hyatt Regency


Saturday, April 18



          8:00 am             Bus transportation to campus


    8:15-8:45 am           Breakfast


                                    CONFERENCE SESSION III - SCHLEGEL 207


     Chairman:              TBA

  8:45-10:00 am           “A Model of a Systemic Bank Run”

by Harald Uhlig

                                    Discussant: Todd Keister


10:00-10:15 am           Break


10:15-11:30 am           “Too Big to Fail, but A Lot to Bail: Optimal Financing of Large Bailouts”

by Stavros Panageas

                                    Discussant:  Rui Albuquerque


      11:30 am               Lunch available in Schlegel Hall Rotunda.


12:15 pm               Transportation to airport or hotel


Transportation will also be available for earlier or later flights if needed.






ADVISORY COMMITTEE: Bennett McCallum and Charles Plosser, Co-chairs: Andrew Abel, Yongsung Chang, Thomas Cooley, Janice Eberly, Marvin Goodfriend, Sergio Rebelo, Alan Stockman and Stanley Zin