Monetary Rules for a Post-Crisis World

Sep 07, 2016
8:30am6:30pm
George Mason University, Arlington Campus Founders Hall, Room 125 3351 Fairfax Drive, Arlington, VA 22201

Event Speakers

Scott Sumner

Ralph G. Hawtrey Chair of Monetary Policy

David Beckworth

Senior Research Fellow

George Selgin

Senior Affiliated Scholar

Mark A. Calabria

Director, Financial Regulation Studies, Cato Institute

David Glasner

Economist, Federal Trade Commission

David Laidler

Professor Emeritus of Economics, University of Western Ontario

Ylan Q. Mui

Reporter, The Washington Post

Robert Hetzel

Staff Economist, Federal Reserve Bank of Richmond

David Papell

Joel W. Sailors Endowed Professor of Economics and Chair, Department of Economics, University of Houston

Ryan Avent

Economics Senior Editor and Free Exchange Columnist, The Economist

John B. Taylor

Mary and Robert Raymond Professor of Economics, Stanford University and George P. Shultz Senior Fellow in Economics, Hoover Institution

Perry Mehlring

Professor of Economics, Barnard College, Columbia University

Kevin Sheedy

Assistant Professor of Economics, London School of Economics

Walker F. Todd

Trustee, American Institute for Economic Research, and former Assistant General Counsel and Economics Officer, Federal Reserve Bank of Cleveland

Cardiff Garcia

US Editor, FT Alphaville

Miles Kimball

Professor of Economics and Research Professor of Survey Research, University of Michigan Department of Economics and Survey Research Center

Peter Ireland

Murray and Monti Professor of Economics, Boston College

Greg Ip

Chief Economics Commentator, The Wall Street Journal

Event Video

Central banks' part in the Great Recession, and the lackluster recovery since, are reviving interest in monetary rules. That revival raises crucial questions. Might the Federal Reserve and other central banks have performed better if they’d adhered to monetary policy rules? Could rules have avoided the crisis altogether? Can they avoid future crises? If so, which rules work best? Can a monetary policy rule work even in a world of near-zero, or negative, interest rates?

On September 7, the Mercatus Center at George Mason University and the Cato Institute’s Center for Monetary and Financial Alternatives will team up for a day-long academic conference, hosting a distinguished group of scholars, to explore these pressing questions about monetary policy rules.

Four panels will discuss: 

  • The Evolving Case for Monetary Rules
  • Monetary Rules and Monetary Stability
  • Monetary Rules and Emergency Lending
  • Monetary Rules in Light of the CrisisCentral banks' part in the Great Recession, and the lackluster recovery since, are reviving interest in monetary rules. That revival raises crucial questions. Might the Federal Reserve and other central banks have performed better if they’d adhered to monetary policy rules? Could rules have avoided the crisis altogether? Can they avoid future crises? If so, which rules work best? Can a monetary policy rule work even in a world of near-zero, or negative, interest rates?