Spring 2009 Conference on

Financial Markets and Financial Policy

Honoring Dewey Daane on His 90th Birthday

PROGRAM 

Saturday, April 18, 2009:

Owen School Averbuch Auditorium (8:30am - 5:30pm)

7:30 – 8:30   Continental Breakfast

8:30 – 8:45   Welcoming remarks: Hans Stoll, Owen School

8:45 – 9:15   Paul Volcker: Government policy and the economy.

9:15 – 9:30   Stephen Axilrod, Former Staff Director for Monetary and Financial Policy, Federal Reserve Board. Inside the Fed

9:30 – 10:15  Donald Kohn, Vice Chairman of the Federal Reserve Board.                                Monetary Policy in the Financial Crisis.

10:15 – 10:45  Break

10:45 – 11:45 Credit risk and the credit crisis. Chair: Peter Fisher, Co-Head for   Fixed Income, BlackRock

                   William Dudley, President of the Federal Reserve Bank of New York. The Federal Reserve’s Liquidity Facilities in the Financial Crisis.

                   William Poole, President of the Federal Reserve Bank of St.Louis, Retired. Moral hazard and the credit crisis.

11:45 – 12:45  Luncheon

12:45 – 1:45  The economic outlook. Chair: Gary Stern, President of the Federal Reserve Bank of Minneapolis

                   Roger Brinner, Partner and Chief Economist of the Parthenon Group. Consumer spending: temporary panic or tectonic shift?

                   Catherine Mann, Professor at Brandeis University and Senior Fellow at the Petersen Institute. Sustaining Capital Flows in the face of the $850 billion Elephant.

1:45 – 2:45    The budget outlook. Chair: Rudolph Penner, Senior Fellow at the Urban Institute.

                   William Hoagland, Vice President of Public Policy at Cigna Corporation. The budget process.

                   Donald Marron, Former Acting Director of the Congressional Budget Office. The budget and the economy.

2:45 – 3:15      Break

3:15 – 4:15    Banking and real estate. Chair: Dennis Lockhart, President of the Federal Reserve Bank of Atlanta

                   Robert Davis, Executive Vice President of the American Bankers Association. Approaches to modification of troubled mortgage loans.

                   Frank Nothaft, Vice President and Chief Economist, Freddie Mac. The housing and mortgage market outlook.

4:15– 5:15    Innovation in financial markets. Chair: Scott Pardee, Holmes Professor of Economics, Middlebury College

                   Richard Sandor, Chairman and CEO of the Chicago Climate Exchange. Financial innovation: the last 20 years.

                   Anthony Santomero, Senior Advisor at McKinsey and Co. Financial innovation, the credit crisis and regulatory policy.

5:15 – 5:30      Wrap up

Dewey laying on the bull

Dewey displaying conference poster.

Dewey hanging out with some other bulls