

Foreword THOMAS M. HOENIG President, Federal Reserve Bank of Kansas City

The Contributors

Symposium Introduction

Opening Remarks	BEN S. BERNANKE Chairman, Board of Governors of the Federal Reserve System

The Origins and Nature of Financial Crises
Author:	RICARDO J. CABALLERO Professor, Massachusetts Institute of Technology

Paper:	The "Surprising" Origin and Nature of Financial Crises: A Macroeconomic Policy Proposal

Discussant:	KENNETH S. ROGOFF Professor, Harvard University

General Discusssion

Financial Crises and Economic Activity
Authors:	STEPHEN G. CECCHETTI Economic Adviser and Head of the Monetary and Economic Department, Bank for International Settlements

	CHRISTIAN UPPER Head of Financial Markets, Bank for International Settlements

Paper:	Financial Crises and Economic Activity

Discussant:	MARK GERTLER Professor, New York University

General Discussion

Policies to Stabilize Financial Markets
Panelists:	CHARLES GOODHART Professor, London School of Economics

	BRIAN F. MADIGAN Director, Division of Monetary Affairs, Board of Governors of the Federal Reserve System

	JEAN-CHARLES ROCHET Professor, University of Toulouse

General Discussion

Luncheon Address	STANLEY FISCHER Governor, Bank of Israel

General Discussion

Monetary Policy to Stabilize Economic Activity
Author:	CARL E. WALSH Professor, University of California, Santa Cruz

Paper:	Using Monetary Policy to Stabilize Economic Activity

Discussant:	MARK J. CARNEY Governor, Bank of Canada

General Discussion

Fiscal Policy to Stabilize Economic Activity
Authors:	ALAN J. AUERBACH Professor, University of California, Berkeley

	WILLIAM G. GALE Vice President and Director, Economic Studies, The Brookings Institution

Paper	Activist Fiscal Policy to Stabilize Economic Activity

Discussants:	R. GLENN HUBBARD Dean, Columbia Business School, Columbia University

	KLAUS SCHMIDT-HEBBEL Professor, Catholic University of Chile

General Discusson

The International Policy Response to Financial Crises
Panelists:	JAIME CARUANA General Manager, Bank for International Settlements

	MASAAKI SHIRAKAWA Governor, Bank of Japan

	JEAN-CLAUDE TRICHET President, European Central Bank

General Discussion

Roster of Attendees


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