Shadow Open Market Committee Meeting Notice

The SOMC would like to invite you to a symposium on current issues in the economy and finance that will focus on the Federal Reserve’s monetary policy and critical issues in financial regulatory reform. Position papers will be presented by SOMC members, including several new colleagues, and the audience will be encouraged to participate in the discussion.

Position Papers:

Michael Bordo, Rutgers University
The Great Contraction and the Current Crisis: Historical Parallels and Policy Lessons

Charles Calomiris, Columbia University
The Allocation of Regulatory Authority and Prudential Bank Regulation: What's Broke and How To Fix It

Marvin Goodfriend, Carnegie Mellon University
We Need an "Accord" for Federal Reserve Credit Policy

Mickey Levy, Bank of America
What’s in Worse Shape, the Economy or Fiscal Policy?

Benjamin McCallum, Carnegie Mellon University
China, the US Dollar and SDRs

Anne Schwartz, NBER
Boundaries Between the Fed and the Treasury

Gregory Hess, Claremont McKenna College, will moderate and provide an overview summary of the papers presented. Monetary Policy in Color

Friday, April 24, 2009
The Cato Institute
1000 Massachusetts Ave., NW
Washington, DC 20003

Coffee and sign-up: 8:30 a.m.
Symposium: 9:00 a.m.
Lunch to follow

Please RSVP to

For questions, contact:

Gregory Hess


Mickey Levy


Soumya Shyam