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Live Online Conference
39th Annual Monetary Conference: Populism and the Future of the Fed
Cato’s 39th Annual Monetary Conference—Populism and the Future of the Fed—will bring together leading scholars and policymakers to explore the risks that populism poses to the conduct of monetary policy. As the bright line between monetary and fiscal policy fades, and the threat of fiscal dominance increases, a robust discussion of the Fed’s future is warranted.
9:00 - 9:10 AM
Welcoming Remarks
James A. Dorn, Vice President for Monetary Studies, Cato Institute
9:10 - 10:00 AM
Keynote Address
Raghuram Rajan, Katherine Dusak Miller Distinguished Service Professor of Finance, University of Chicago Booth School of Business
10:00 - 11:15 AM
Panel 1: The Populist Challenge to Fed Independence
Charles Goodhart, Emeritus Professor of Banking and Finance, London School of Economics
Rosa María Lastra, Sir John Lubbock Chair in Banking Law, Queen Mary University of London
Carola Binder, Assistant Professor of Economics, Haverford College
Christina Parajon Skinner, Assistant Professor of Legal Studies and Business Ethics, The Wharton School, University of Pennsylvania
Moderated by Allison Schrager, Senior Fellow, Manhattan Institute
11:15 - 11:30 AM
Break
11:30 AM - 12:45 PM
Panel 2: Fiscal Dominance and the Return of Inflation
John H. Cochrane, Senior Fellow, Hoover Institution, Stanford University
Fernando M. Martin, Assistant Vice President, Federal Reserve Bank of St. Louis
Mark Sobel, U.S. Chairman, Official Monetary and Financial Institutions Forum
David Beckworth, Senior Research Fellow, Mercatus Center, George Mason University
Moderated by Greg Ip, Chief Economics Correspondent, Wall Street Journal
12:45 - 1:15 PM
Break
1:15 - 2:00 PM
Luncheon Address: Populism and Central Banks
Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley
2:00 - 3:15 PM
Panel 3: An Expanded Fed Mandate?
Otmar Issing, President, Center for Financial Studies at Goethe University, Frankfurt, and former Chief Economist at the European Central Bank
Karen Petrou, Managing Partner, Federal Financial Analytics
Scott Sumner, Ralph G. Hawtrey Chair of Monetary Policy, Mercatus Center, George Mason University
Moderated by Jeanna Smialek, Federal Reserve and Economics Reporter, New York Times
3:15 - 3:30 PM
Break
3:30 - 4:45 PM
Panel 4: Helicopter Money and Fiscal QE
William Nelson, Executive Vice President and Chief Economist, Bank Policy Institute
Robert C. Hockett, Edward Cornell Professor of Law, Cornell Law School
Frances Coppola, Columnist, CoinDesk
Kevin Dowd, Professor of Finance and Economics, Durham University Business School
Moderated by Edward Luce, US National Editor, Financial Times
4:45 - 5:00 PM
Closing Remarks
George Selgin, Senior Fellow and Director Emeritus, Center for Monetary and Financial Alternatives, Cato Institute
Funding from the George Edward Durell Foundation and the Harold J. Bowen, Jr. and DuVal Bowen Family Foundation is gratefully acknowledged.
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