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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

Speakers:

  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, rac2184@columbia.edu