The ECB and Its Watchers X

Registration and Coffee

Welcome

Volker Wieland, Center for Financial Studies

President’s Address

Jean-Claude Trichet, President, European Central Bank

Segment 1:
Debating the Role of the Central Bank in the Financial System
Chair: Volker Wieland, Center for Financial Studies

Debate 1: Monetary Policy During the Financial Turmoil: What Have We Learned?

Chair:
Volker Wieland, Center for Financial Studies

Speakers:
Jürgen Stark, European Central Bank
Marvin Goodfriend, Carnegie Mellon University

Coffee Break

Debate 2: Solvency, Systemic Risk and Moral Hazard: Where Does the Central Bank’s Role Begin and Where Does It End?

Chair:
Volker Wieland, Center for Financial Studies

Speakers:
Lorenzo Bini Smaghi, European Central Bank
Willem H. Buiter, London School of Economics
Harald Uhlig, University of Chicago

Lunch

Segment 2:
Debating the Response to Asset Prices, Inflation and Economic Weakness
Chair: Michael Binder, CFS and Goethe University Frankfurt

Debate 3: Asset Price Bubbles and Monetary Policy: What Can or Should the Central Bank Do About Them?

Chair:
Michael Binder, Center for Financial Studies

Speakers:
Hans Genberg, Hong Kong Monetary Authority
Thomas Mayer, Deutsche Bank

Coffee Break

Debate 4: Looking Ahead: How to Reign in Inflation and Maintain Stable Growth?

Chair:
Michael Binder, Center for Financial Studies

Speakers:
Athanasios Orphanides, Central Bank of Cyprus
Laurence Meyer, Macroeconomic Advisers

Closing Remarks