Spring 2009 Conference on Financial Markets and Financial Policy
Honoring Dewey Daane on His 90th Birthday



Saturday, April 18, 2009: Owen School Averbuch Auditorium (8:30am – 5:30pm)

7:30 – 8:30: Continental Breakfast

8:30 – 8:45: Welcoming remarks: Hans Stoll, Owen School

8:45 – 9:15: Paul Volcker: Government policy and the economy.

9:15 – 9:30: Stephen Axilrod, Former Staff Director for Monetary and Financial Policy, Federal Reserve Board. Inside the Fed

9:30 – 10:15: Donald Kohn, Vice Chairman of the Federal Reserve Board. Monetary Policy in the Financial Crisis.

10:15 – 10:45: Break

10:45 – 11:45: Credit risk and the credit crisis. Chair: Peter Fisher, Co-Head for Fixed Income, BlackRock

  • William Dudley, President of the Federal Reserve Bank of New York. The Federal Reserve’s Liquidity Facilities in the Financial Crisis.
  • William Poole, President of the Federal Reserve Bank of St.Louis, Retired. Moral hazard and the credit crisis.

11:45 – 12:45: Luncheon

12:45 – 1:45: The economic outlook. Chair: Gary Stern, President of the Federal Reserve Bank of Minneapolis

  • Roger Brinner, Partner and Chief Economist of the Parthenon Group. Consumer spending: temporary panic or tectonic shift?
  • Catherine Mann, Professor at Brandeis University and Senior Fellow at the Petersen Institute. Sustaining Capital Flows in the face of the $850 billion Elephant.

1:45 – 2:45: The budget outlook. Chair: Rudolph Penner, Senior Fellow at the Urban Institute.

  • William Hoagland, Vice President of Public Policy at Cigna Corporation. The budget process.
  • Donald Marron, Former Acting Director of the Congressional Budget Office. The budget and the economy.

2:45 – 3:15: Break

3:15 – 4:15: Banking and real estate. Chair: Dennis Lockhart, President of the Federal Reserve Bank of Atlanta

  • Robert Davis, Executive Vice President of the American Bankers Association. Approaches to modification of troubled mortgage loans.
  • Frank Nothaft, Vice President and Chief Economist, Freddie Mac. The housing and mortgage market outlook.

4:15– 5:15: Innovation in financial markets. Chair: Scott Pardee, Holmes Professor of Economics, Middlebury College

  • Richard Sandor, Chairman and CEO of the Chicago Climate Exchange. Financial innovation: the last 20 years.
  • Anthony Santomero, Senior Advisor at McKinsey and Co. Financial innovation, the credit crisis and regulatory policy.

5:15 – 5:30: Wrap up

Dewey laying on the bull.

Dewey displaying conference poster.

Dewey hanging out with some other bulls.