Presents…
the SHADOW OPEN MARKET COMMITTEE (SOMC) Meeting:
Assessing The Fed’s Responses To The Pandemic Crisis
May 28, 2020
11:00 AM
INTRODUCTION
Mickey Levy, Berenberg Capital Markets
11:03 AM
PANEL I: THE FED’S STRATEGY AND OBJECTIVES IN HISTORIC PERSPECTIVE
Moderator: Allison Schrager, Manhattan Institute
Michael Bordo, Rutgers University, ”Lessons from the History of Wars, the Great Depression and the Financial Crisis”
Mickey Levy, Berenberg Capital Markets, “Assessing the Risks of Deflation and Inflation”
Peter Ireland, Boston College, “Issues in Monetary Policy Strategy”
Athanasios Orphanides, MIT, “Observations on Central Banks: Comparing the Fed and the ECB”
12:00 PM
PANEL II: THE FED’S CREDIT LENDING
Moderator: Charles Plosser, former president, Federal Reserve Bank of Philadelphia
Deborah Lucas, MIT, “The Fed’s Expanded Lending Facilities”
Gregory Hess, Wabash College, “Has the Fed Overplayed Its Hand as Lender of Last Resort?”
Andrew Levin, Dartmouth College, “Conducting Monetary Policy Under Extreme Uncertainty”