Levy Institute’s Annual Hyman P. Minsky Conferences
April 3rd, 2010 by selise________________
16th Annual Minsky Conference
Global Imbalances: Prospects for the U.S. and World Economies
The Levy Economics Institute of Bard College
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WELCOME AND INTRODUCTION
Dimitri B. Papadimitriou, President, Levy Institute
“Global Imbalances: The U.S.and the Rest ofthe World” -
SESSION 1
The State of the U.S. and World Economies
Moderator: Dimitri B. Papadimitriou, President, Levy InstituteLakshman Achuthan, Economic Cycle Research Institute
“Monitoring Windows of Vulnerability, or, How to Stop Crying Wolf”Robert W. Parenteau, RCM
“Financiers Gone Wild: Entering a Minsky Moment for the U.S. Household Sector” -
SPEAKER
Wolfgang Münchau, Financial Times
“Can the European Economy Decouple from the United States?” -
SESSION 2
Monetary Policy in the U.S. Economy
Moderator: Greg Hannsgen, Levy InstituteTorsten Slok, Deutsche Bank Securities,Inc.
“Lessons from the Great Inflation and Disinflation”Robert Z. Aliber, University of Chicago
“Four Global Asset Price Bubbles in 20 Years—A Historic Anomaly or the Wave of the Future?” -
SESSION 3
Financial Instability in a Global Economy
Moderator: W. Ray Towle, Levy InstituteKorkut A. Ertürk, Levy Institute and University of Utah
“From the Glut of Savings to the Glut of Dollars”Jan A. Kregel, Levy Institute and University of Missouri–Kansas City
“Mutual Economic Policy Interests and Global Imbalances: Developed and Developing Countries in a Globally Integrated Trade and Financial System”L.Randall Wray, Levy Institute and University of Missouri–Kansas City
“Stabilizing the Unstable Economy, Revisited: Extending Minsky’s Analysis to the Open Economy” -
SPEAKER
James K. Galbraith, Levy Institute and University of Texas at Austin
“The Cult of Zero” -
SESSION 4
The Macroeconomic Prospects for the U.S. Economy
Moderator: Ajit Zacharias, Levy InstituteJames W. Paulsen, Wells Capital Management
“Economic and Financial Market Outlook”Robert J. Barbera, ITG
“Who Is the Heir Apparent to Alan Greenspan? Hu Indeed!”James E. Glassman, J.P. Morgan Securities, Inc.
“The 2007–2008 Outlook …Growth without the Steroids” -
SPEAKER
Frederic S. Mishkin, Federal Reserve Board
“The U.S. Economic Outlook”
April 19, 2007
April 20, 2007
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17th Annual Minsky Conference
Credit, Markets, and the Real Economy: Is the Financial System Working?
The Levy Economics Institute of Bard College
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WELCOME AND INTRODUCTION
Dimitri B. Papadimitriou, President, Levy Institute -
SESSION 1
Historical Precedent and Solutions to the Mortgage Market Crisis
Moderator: Dimitri B. Papadimitriou, President, Levy InstituteJane D’Arista, Financial Markets Center
“Broken Systems: Agendas for Financial and Monetary Reform”Thomas Ferguson, University of Massachusetts Boston
“Wizards of Oz? The Politics and Economics of Bailouts in the New Deal and Now”Alex J. Pollock, American Enterprise Institute
“The Logic of the Bubble, the Logic of the Bust”Walker F. Todd, American Institute for Economic Research
“Plans from the 1930s to Rehabilitate Both Mortgage Financing and the Banks” -
SPEAKER
Paul A. McCulley, PIMCO
“A Reverse Minsky Journey” -
SESSION 2
Minsky and the Crisis
Moderator: Greg Hannsgen, Levy InstituteJan Kregel, Levy Institute and University of Missouri–Kansas City
“Using Tools from the Financial Instability Hypothesis to Understand the Subprime Crisis”Robert W. Parenteau, Levy Institute and MacroStrategy Edge
“Minsky for More Than a Moment: Why You Can’t Get There from Here”L. Randall Wray, Levy Institute and University of Missouri–Kansas City
“Financial Markets Meltdown: What Can We Learn from Minsky?” -
SESSION 3
Impact of the Crisis on the Economic Outlook
Moderator: W. Ray Towle, Levy InstituteRichard Berner, Morgan Stanley
“Money and Credit Markets: Dislocations and Policy Options”James W. Paulsen, Wells Capital Management
“Economic and Financial Market Outlook”Frank Veneroso, Veneroso Associates, LLC
“Financial Crisis: Prospect of a Second Wave” -
SPEAKER
Edward Chancellor, Grantham, Mayo, van Otterloo, LLC
“Hyman Minsky and the Great Moderation” -
SPEAKER
James K. Galbraith, Levy Institute and University of Texas at Austin
“The Generalized Minsky Moment” -
SPEAKER
Robert J. Barbera, ITG
“Has Greenspan’s Conundrum Morphed into Bernanke’s Calamity?” -
SESSION 4
Financial Market Regulation-Reregulation
Moderator: Jan Kregel, Levy Instituteand University of Missouri–Kansas CityMartin Mayer, Brookings Institution
“Unintended Consequences: The Inefficiency of Computer-driven Markets”William Kurt Black, University of Missouri–Kansas City
“Why Greenspan’s and Bush’s Regulatory Failures Allowed a ‘Criminogenic Environment’” -
SPEAKER
Maurice Hinchey, U.S. House of Representatives (New York)
“Weapons of Mass Economic Destruction”
April 17, 2008
April 18, 2008
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18th Annual Minsky Conference
Meeting the Challenges of Financial Crisis
The Levy Economics Institute of Bard College
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WELCOME AND INTRODUCTION
Maya Harris, Peace and Social Justice Program, Ford Foundation
Dimitri B. Papadimitriou, The Levy Economics Institute -
SPEAKER
Bruce Kasman, JPMorgan Chase & Co.
“Unpleasant Arithmetic” -
SESSION 1
Assessment of Fed/Treasury Response to Crisis
Moderator: Greg Hannsgen, The Levy Economics InstituteWilliam Kurt Black, University of Missouri–Kansas City
“It is irresponsible not to talk about fraud when you talk about this crisis”Marshall Auerback, RAB Capital PLC
“Return of the State”Jane D’Arista, Political Economy Research Institute, University of Massachusetts Amherst
“Setting the Agenda for Financial Reform”Thomas Ferguson, University of Massachusetts Boston
“Fatal Reversal: From Single Payer to Free Markets and Back Again” -
SPEAKER
Dennis P. Lockhart, Federal Reserve Bank of Atlanta -
SPEAKER
James Grant, Grant’s Interest Rate Observer
“Always the Same, Always Different” -
SESSION 2
Proposals On Alternative Financial Regulation
Moderator: Jane D’Arista, Political Economy Research Institute, University of Massachusetts AmherstAlan S. Blinder, Princeton University
“It’s a Long Regulatory Agenda”Christine M. Cumming, Federal Reserve Bank of New York
“Thoughts about the Supervisory System Going Forward”Michael Greenberger, The University of Maryland School of Law
“Will We Have Meaningful Reform or Simply the Appearance of Reform?”Martin Mayer, The Brookings Institution
“Narrow Banking v.Toxic Instruments” -
SESSION 3
Levy Institute–Ford Project Proposals on Reregulation of the Financial System
Moderator: Greg Hannsgen, The Levy Economics InstituteJan Kregel, The Levy Economics Institute
“Minsky and the Regulation of the Financial System”C. P. Chandrasekhar, Jawaharlal Nehru University
“Structural Contagion: Some Implications of the International Transmission of Financial Fragility”Mario Tonveronachi, University of Siena
“Reregulating the Financial System”Éric Tymoigne, The Levy Economics Institute
“Financial Regulation and the Financial Instability Hypothesis: A Ponzi-finance Approach to Financial Reform” -
SPEAKER
Janet L. Yellen, Federal Reserve Bank of San Francisco
“A Minsky Meltdown: Lessons for Central Bankers?” -
SPEAKER
Robert J. Barbera, ITG
“Minsky, U.S. Policy, and the Global Economy” -
SPEAKER
Norbert Walter, Deutsche Bank
“Financial Crisis— A Threat to European Economies” -
SESSION 4
The Institutional Shape of the Future Financial System
Moderator: Jan Kregel, The Levy Economics InstituteRichard Bookstaber, Author and financial economist
“Four Tasks for the Market Stability Regulator”Alex J. Pollock, American Enterprise Institute
“Does Changing Boxes on the Regulatory Organization Chart Alter Minsky’s Fragility?”Walker F. Todd, American Institute for Economic Research
“Stress Testing the Banks and Stabilizing Household Budgets” -
SESSION 5
Current Conditions And Forecasts
Moderator: Ajit Zacharias, The Levy Economics InstituteDean Maki, Barclays Capital
“U.S. Economic Outlook”James W. Paulsen, Wells Capital Management
“Economic and Financial Market Outlook”Lakshman Achuthan, Economic Cycle Research Institute
“What Happens at Growth Rate Cycle Upturns?” -
SPEAKER
Henry Kaufman, Henry Kaufman & Company, Inc.
“Who Is Primarily Responsible for the Credit Crisis?” -
SPEAKER
Joseph E. Stiglitz, Columbia University -
SESSION 6
Alternative Stimulus and Bailout Proposals
Moderator: Dimitri B. Papadimitriou, The Levy Economics InstituteJames K. Galbraith, The Levy Economics Institute
“No Return to Normal”Warren Mosler, Valance Company, Inc.
“Alternative Proposals for a U.S. Nonconvertible Currency Regime”Robert W. Parenteau, The Levy Economics Institute
“Riding the Debt Deflation Guardrails”L. Randall Wray, The Levy Economics Institute
“The Return of Big Government: A Minskyan New Deal”
April 16, 2009
April 17, 2009
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19th Annual Minsky Conference
After the Crisis: Planning a New Financial Structure
The Levy Economics Institute of Bard College
April 14, 2010
April 15, 2010
April 16, 2010
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