Today Week Month

Central Banking in Theory and Practice

Start/End Monday, September 23, 2013 06:30 PM EDT -- 08:15 PM EDT
Location Name JG 103

This seminar will explore the relationship between the theoretical and legal design of central banks and their real-world actions. Questions to be addressed include:

  • What roles do central banks play according standard macroeconomic models? How accurate are these views?
  • What role do legal mandates play in the formation of central bank policy?
  • What does central bank independence mean in practice? How important is independence for effective macroeconomic policymaking?

Moderator: Richard Clarida, C. Lowell Harriss Professor of Economics and International Affairs, Columbia University


  1. Lord Adair Turner, Senior Fellow, Institute for New Economic Thinking and former Director, U.K. Financial Services Authority
  2. James K. Galbraith, Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government, University of Texas at Austin
  3. Matias Vernengo, Associate Professor, Bucknell University & Senior Research Manager, Central Bank of Argentina

Contact: Raul Carrillo,