Presents…
the SHADOW OPEN MARKET COMMITTEE (SOMC) Meeting:
Strategies For Promoting The Fed’s Independence And Accountability
September 27, 2019 | New York City
INTRODUCTION:
Mickey Levy, Berenberg Capital Markets
PANEL I: CHARACTERISTICS OF THE FED’S INDEPENDENCE AND ACCOUNTABILITY
Moderator: Gregory Hess, Wabash College: Introduction to “Characteristics of the Fed’s Independence and Accountability”
Charles Calomiris, Columbia University: How Fed Leaders Politicize the Fed
Deborah Lucas, MIT: Independence Revisited
PANEL II: THE FED’S MONETARY POLICY STRATEGY AND RULES
Moderator: Peter Ireland, Boston College
Athanasios Orphanides, MIT: The Role of Policy Rules in the Fed’s Monetary Policy Strategy
Andrew Levin, Dartmouth College: Assesing the FOMC’s Tools for Providing Monetary Stimulus at the Zero Lower Bound
Michael Bordo, Rutgers University and Mickey Levy: Tariffs and Monetary Policy: A Toxic Mix
PANEL III: THE LIMITATIONS OF MONETARY POLICY AND THE FED’S INDEPENDENCE
Charles Plosser, Former President, Federal Reserve Bank of Philadelphia
KEYNOTE ADDRESS:
Moderator: Charles Plosser
Patrick Harker, President, Federal Reserve Bank of Philadelphia