The Cato Institute is pleased to host the Shadow Open Market Committee Meeting

Exit Policies for Sound Central Banking

Wednesday, September 30, 2009
The Cato Institute
1000 Massachusetts Avenue
NW Washington, D.C. 20001

Registration and Sign-In: 12:00 p.m.
Panel Discussion: 12:30 p.m.
SOMC Position Papers: 2:00 p.m.
Lecture: 4:30 p.m.
Reception to follow

Panelists | Guest Lecturer | Position Papers

The SOMC would like to invite you to a September 30, 2009, symposium on appropriate exit policies for the Federal Reserve, European Central Bank' and other leading central banks. This meeting will begin with a panel discussion on pressing issues facing global monetary policies, featuring Donald Kohn, vice chairman of the Federal Reserve and Athanasios Orphanides, Member of the Governing Council of the European Central Bank. A guest lecture will be presented by former SOMC member William Poole. Position papers will be presented by SOMC members Charles Calomiris, Michael Bordo, Bennett McCallum, Marvin Goodfriend, Gregory Hess and Mickey Levy. The audience will be encouraged to participate in the discussions.


Donald Kohn, Vice Chairman, Federal Reserve Board
Panel Remarks

Athanasios Orphanides, Governor, Central Bank of Cyprus, and Member of the Governing Council of the European Central Bank
Panel Remarks

Guest Lecture:

William Poole, Exit Policies from the Financial Crisis—To What?

Position Papers:

Michael Bordo
The Fed's Monetary Policy during the 1930s: A Critical Evaluation

Charles Calomiris
Reassessing the Role of the Fed: Grappling with the Dual Mandate and More?

Marvin Goodfriend and Bennett McCallum
Exiting Credit Policy to Preserve Sound Monetary Policy

Gregory Hess
Fannie and Freddie: The Houseguests that Just Won't Leave

Mickey Levy
Macroeconomic Policies and the Economy

For questions, contact:

Gregory Hess

Mickey Levy

Rachel Goldman