2008 Money and Payments Workshop: Implementing Monetary Policy
October 17, 2008

The purpose of the workshop is to bring together academics and other researchers to discuss new developments in monetary and payments economics, particularly as they relate to the process through which central banks implement monetary policy. Opportunities will exist throughout the day for informal discussion among participants.

Academic and other researchers interested in monetary and payments economics. The workshop is closed to the media.
Registration for the workshop is now closed.
For changes in registration status, please contact todd.keister@ny.frb.org
Workshop Location
Federal Reserve Bank of New York
33 Liberty Street
Liberty Room conference room, 1st Floor
New York, NY 10045
Workshop Organizers
Todd Keister, Federal Reserve Bank of New York
Antoine Martin, Federal Reserve Bank of New York
More Information
8:30 a.m. Breakfast
9:00 a.m. Opening Remarks
9:10 a.m. Adverse Selection, Segmented Markets, and the Role of Monetary Policy PDF

Steve Williamson, Washington University (joint with Daniel Sanches)
10:00 a.m. Pairwise Trade, Payments, Asset Prices, and Monetary Policy

Ed Nosal, Federal Reserve Bank of Chicago (joint with Guillaume Rocheteau)
10:50 a.m. Coffee Break
11:20 a.m. Crashes and Recoveries in Illiquid Markets PDF

Ricardo Lagos, NYU (joint with Guillaume Rocheteau and Pierre-Olivier Weill)
12:10 p.m. Lunch
1:30 p.m. Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis PDF

Christian Ewerhart, University of Zurich (joint with Jens Tapking)
2:20 p.m. A Model of Stigma in the Fed Funds Market

John Weinberg, Federal Reserve Bank of Richmond (joint with Huberto Ennis)
3:10 p.m. Coffee Break
3:40 p.m. Precautionary Reserves and the Interbank Market PDF

David Skeie, Federal Reserve Bank of New York (joint with Adam Ashcraft and James McAndrews)
4:30 p.m. Reception
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