2009 US Monetary Policy Forum

February 27, 2009 – New York

This annual conference brings together academics, market economists and policymakers. The conference is co-sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business and Brandeis University International Business School.

Program

The conference began with the 2009 report, "Oil and the Macroeconomy: Lessons for Monetary Policy", which was prepared by Ethan Harris (Barclays Capital), Bruce Kasman (JP Morgan Chase), Matthew Shapiro (University of Michigan), and Kenneth West (University of Wisconsin).

The report was discussed by the following Federal Reserve speakers:

• Janet Yellen, President, Federal Reserve Board of San Francisco (view comments)
• James Bullard, President, Federal Reserve Board of St. Louis (view comments)

This year's keynote address was by Christina D. Romer, Chair of the President's Council of Economic Advisers and was titled, "The Case for Fiscal Stimulus: The Likely Effects of the American Recovery and Reinvestment Act."

The meeting concluded with a panel discussion on "making monetary policy during a financial crisis," which featured:

• Charles Plosser, President and CEO, Federal Reserve Bank of Philadelphia (view comments)
• Eric S. Rosengren, President and CEO, Federal Reserve Bank of Boston (view comments)
• Frederic Mishkin, Alfred Lerner Professor of Banking and Financial Institutions, Columbia University (view presentation)

The full participant list is available here.