Featured Speaker 
Ben S. Bernanke
Chairman, Board of Governors of the Federal Reserve System

Ben S. Bernanke began a second term as Chairman of the Board of Governors of the Federal Reserve System on February 1, 2010. Bernanke also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He originally took office as Chairman on February 1, 2006, when he also began a 14-year term as a member of the Board. His second term as Chairman ends January 31, 2014, and his term as a Board member ends January 31, 2020.

 

Before his appointment as Chairman, Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90) and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).

 

From 1994 to 1996, Bernanke was the Class of 1926 Professor of Economics and Public Affairs at Princeton University. He was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at the university from 1996 to 2002. Bernanke had been a professor of economics and public affairs at Princeton since 1985.

 

Before arriving at Princeton, Bernanke was an associate professor of economics (1983-85) and an assistant professor of economics (1979-83) at the Graduate School of Business at Stanford University. His teaching career also included serving as a visiting professor of economics at New York University (1993) and at the Massachusetts Institute of Technology (1989-90).

 

Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a fellow of the Econometric Society and of the American Academy of Arts and Sciences. Bernanke served as the director of the monetary economics program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee. In July 2001, he was appointed editor of the American Economic Review.

 

Bernanke's work with civic and professional groups includes having served two terms as a member of the Montgomery Township (NJ) Board of Education.

 

Bernanke received a BA in economics in 1975 from Harvard University (summa cum laude) and a PhD in economics in 1979 from the Massachusetts Institute of Technology.


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12:00 AM
Moderator
Alicia Williams, Federal Reserve Bank of Chicago
Carolina Reid, Federal Reserve Bank of San Francisco
Elizabeth Laderman, Federal Reserve Bank of San Francisco
Amir E Khandani, Massachusetts Institute of Technology
05/05/10
7:30 AM
Registration

Continental Breakfast

8:25 AM
Welcoming Remarks
Douglas D Evanoff, Senior Financial Economist and Vice President, Federal Reserve Bank of Chicago
8:30 AM
Public Policy Interventions in Financial Markets
Moderator and Discussant
Juan Solé, International Monetary Fund
Matthew Pritsker, Board of Governors of the Federal Reserve System
Thomas Philippon, New York University
Philipp Schnabl, New York University
Tobias Adrian, Federal Reserve Bank of New York
Emanuel Moench, Federal Reserve Bank of New York
Hyun Song Shin, Princeton University
10:00 AM
Break
10:20 AM
Asymmetric Information and Bank Lending
Moderator and Discussant
Sreedhar T Bharath, University of Michigan
Leonard Nakamura, Federal Reserve Bank of Philadelphia
Kasper Roszbach, Sveriges Riksbank
Allen N Berger, University of South Carolina
W Scott Frame, Federal Reserve Bank of Atlanta
Vasso Ioannidou, Tilburg University
Lori Santikian, Harvard University
12:00 PM
Luncheon
1:20 PM
Forces Affecting Bank Risk Taking
Moderator and Discussant
James A Wilcox, University of California, Berkeley
Dmytro Holod, State University of New York-Stony Brook
Yuriy Kitsul, Board of Governors of the Federal Reserve System
Xin Huang, University of Oklahoma
Hao Zhou, Board of Governors of the Federal Reserve System
Haibin Zhu, Bank for International Settlements
Angela Maddaloni, European Central Bank
José-Luis Peydró, European Central Bank
Reint Gropp, European Business School
Christian Gründl, European Business School
André Güttler, European Business School
3:10 PM
Break
3:30 PM
The Influence of Institutional Arrangements in Financial Markets
Moderator and Discussant
Steven Sharpe, Board of Governors of the Federal Reserve System
Jian Cai, Federal Reserve Bank of Cleveland
Anthony Saunders, New York University
Sascha Steffen, University of Mannheim
Cem Demiroǧlu, Koç University
Christopher M James, University of Florida
George O Aragon, Arizona State University
Philip E Strahan, Boston College
5:15 PM
Reception

Concludes at 7:00 PM.

05/06/10
7:00 AM
Registration
Continental Breakfast
8:20 AM
Welcoming Remarks
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
8:30 AM
Keynote Address
Introduction
Charles L Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago
Keynote Speaker
Ben S Bernanke, Chairman, Board of Governors of the Federal Reserve System
9:20 AM
Break
9:50 AM
Theme Panel: The Future of the Financial Services Industry: Structure, Regulation and Performance
Moderator
Daniel G Sullivan, Senior Vice President and Director of Research, Federal Reserve Bank of Chicago
Panelists
Meredith Whitney, Chief Executive Officer, Meredith Whitney Advisory Group
Randall S Kroszner, Norman R. Bobins Professor of Economics, University of Chicago
Patrick M Parkinson, Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System
Austan Goolsbee, Member, President’s Council of Economic Advisers, and Chief Economist, President's Economic Recovery Advisory Board
Rodrigo Rato y Figaredo, Chairman, Caja Madrid Savings Bank, Former Vice President for Economic Affairs and Minister of Economy of Spain, and Managing Director, International Monetary Fund
12:10 PM
Luncheon
Introduction
Gordon Werkema, First Vice President and Chief Operating Officer, Federal Reserve Bank of Chicago
Keynote Speaker
Phil Gramm, Vice Chairman, UBS Investment Bank, and Former Chairman, Committee on Banking, Housing and Urban Affairs, U.S. Senate
1:55 PM
The Future of the Housing GSEs
Moderator
Hesna Genay, Federal Reserve Bank of Chicago
Panelists
Andrew Davidson, President, Andrew Davidson and Co., Inc.
Patrick J Lawler, Chief Economist, Federal Housing Finance Agency
S Wayne Passmore, Associate Director, Board of Governors of the Federal Reserve System
Jay Brinkmann, Vice President, Mortgage Bankers Association
3:25 PM
Break
3:50 PM
Financial Sector Executive Compensation
Moderator
Richard J Rosen, Federal Reserve Bank of Chicago
  • Financial Compensation and Incentive Alignment
Mark Carey, Board of Governors of the Federal Reserve System
John E Core, University of Pennsylvania
Wayne R Guay, University of Pennsylvania
  • Executive Compensation and Business Policy Choices
Robert DeYoung, University of Kansas
Emma Y Peng, Fordham University
Meng Yan, Fordham University
5:30 PM
Reception

Concludes at 7:00 PM.

05/07/10
7:30 AM
Continental Breakfast

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