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The 21st Annual Texas Monetary Conference

Dallas Fed

Jointly sponsored by the Federal Reserve Bank of Dallas, University of Texas–Austin, Texas A&M University, Rice University, Southern Methodist University and University of Houston.


Saturday, October 4

8 a.m.

Continental Breakfast

8:50 a.m.


9 a.m.

A Model of Secular Stagnation
Gauti B. Eggertsson
, Brown University

Discussant: Benjamin D. Keen, University of Oklahoma and Dallas Fed consultant

10:15 a.m.

Are Negative Supply Shocks Expansionary at the Zero Lower Bound?
Johannes F. Wieland

Discussant: Liliana Varela, University of Houston

11:45 a.m.

Central Bank Purchases of Private Assets
Stephen Williamson
, Washington University in St. Louis and Federal Reserve Bank of St. Louis

Discussant: Andrew Glover, UT Austin

1 p.m..


2:30 p.m.

Monetary Policy with Interest on Reserves
John H. Cochrane
, University of Chicago, Booth School of Business

Discussant: Thomas Saving, Texas A&M

4 p.m.

When Does a Central Bank’s Balance Sheet Require Fiscal Support?
Christopher A. Sims
, Princeton University

7 p.m.

Dinner at Magnolia Hotel
Conference Presenters, Faculty and Fed Economists

Sunday, October 5

8 a.m.

Continental Breakfast

8:30 a.m.

Commitment versus Discretion in a Political Economy Model of Fiscal and Monetary Interaction
David S. Miller
, Federal Reserve Board

Discussant: Saroj Bhattarai, UT Austin

9:45 a.m.

Inflation’s Role in Optimal Monetary-Fiscal Policy
Eric M. Leeper,
Indiana University – Bloomington

Discussant: Sarah Zubairy, Texas A&M

11:15 a.m.

Sticky Leverage
Urban J. Jermann
, Wharton School of the University of Pennsylvania

Discussant: Tim Landvoigt, McCombs School of Business, UT Austin

12:30 p.m.

Lunch and Farewell until 2015 at the University of Houston!