Conference
25th Annual Hyman P. Minsky Conference on the State of the US and World Economies
Will the Global Economic Environment Constrain US Growth and Employment?
Audio:
- Tuesday, April 12 [View More/Less]
-
Wednesday, April 13 [View More/Less]
- Session 5: Eduardo Porter, Lakshman Achuthan, Bruce C. N. Greenwald, Michalis Nikiforos, and Frank Veneroso
- Session 6: Peter Eavis, Edward Kane, Walker F. Todd, and L. Randall Wray
- Speaker: Barney Frank
- Session 7: Thorvald Grung Moe, Mario Tonveronachi, and Loukas Tsoukalis
- Speaker: Vítor Constâncio
Organized by the Levy Economics Institute of Bard College with support from the Ford Foundation
Levy Economics Institute of Bard College
Blithewood
Annandale-on-Hudson, New York 12504
April 12–13, 2016
The 2016 Minsky Conference will address whether what appears to be a global economic slowdown will jeopardize the implementation and efficiency of Dodd-Frank regulatory reforms, the transition of monetary policy away from zero interest rates, and the “new” normal of fiscal policy, as well as the use of fiscal policies aimed at achieving sustainable growth and full employment. Is economic policy leading to another Minsky moment?
Click here for video coverage of the individual speakers and panels.
Program
Tuesday, April 12
| 8:30−9:00 a.m. | Registration |
| 9:00−9:15 a.m. | Welcome and Introduction Dimitri B. Papadimitriou, President, Levy Institute Remarks in PDF |
| 9:15−10:30 a.m. | Session 1. GLOBAL FRAGILITY AND EMERGING MARKETS OUTLOOK MODERATOR: Theo Francis, Special Writer, The Wall Street Journal SPEAKER: Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn University of Technology PowerPoint presentation in PDF Fernando J. Cardim de Carvalho, Senior Scholar, Levy Institute; Emeritus Professor of Economics, Federal University of Rio de Janeiro PowerPoint presentation in PDF |
| 10:30 a.m. − 12:30 p.m. | Session 2. COMMODITIES AND DERIVATIVES REGULATION MODERATOR: Izabella Kaminska, Journalist, Financial Times SPEAKERS: Michael Masters, Founder and Chairman of the Board, Better Markets PowerPoint presentation in PDF Robert A. Johnson, President, Institute for New Economic Thinking; Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute |
| 12:30−2:15 p.m. | Lunch SPEAKER: Robert J. Barbera, Codirector, Center for Financial Economics, The Johns Hopkins University “Six Degrees of Separation: Why the Fed’s Strategy of Precautionary Unemployment Is Nutty” Remarks in PDF |
| 2:15−4:45 p.m. | Session 3. IS THE CURRENT CREDIT STRUCTURE CONDUCIVE TO FINANCIALLY STABLE RECOVERY? MODERATOR: Jesse Eisinger, Senior Reporter, ProPublica SPEAKERS: Henry Kaufman, President, Henry Kaufman & Company, Inc. Richard Berner, Director, Office of Financial Research, US Department of the Treasury Remarks in PDF Martin L. Leibowitz, Managing Director, Morgan Stanley Albert M. Wojnilower, Economic Consultant, Craig Drill Capital Remarks in PDF |
| 4:45−6:45 p.m. | Session 4. MINSKY, INEQUALITY, AND THE MONETARY/FISCAL POLICY OUTLOOK MODERATOR: Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn University of Technology SPEAKERS: Stephanie A. Kelton, Research Associate, Levy Institute; Chief Economist, US Senate Budget Committee; Professor, University of Missouri—Kansas City PowerPoint presentation in PDF Scott Fullwiler, Professor of Economics and James A. Leach Chair in Banking and Monetary Economics, Wartburg College PowerPoint presentation in PDF |
| 6:45−7:15 p.m. | Reception |
| 7:15 p.m. | Dinner |
Wednesday, April 13
| 9:00−11:30 a.m. | Session 5. US ECONOMIC OUTLOOK FORECAST MODERATOR: Eduardo Porter, Columnist, The New York Times SPEAKERS: Lakshman Achuthan, Cofounder and Chief Operations Officer, Economic Cycle Research Institute PowerPoint presentation in PDF Bruce C. N. Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia University Michalis Nikiforos, Research Scholar, Levy Institute PowerPoint presentation in PDF Frank Veneroso, President, Veneroso Associates, LLC PowerPoint presentation in PDF |
| 11:30 a.m. − 1:30 p.m. | Session 6. BANK REGULATION, TOO BIG TO FAIL, AND LIQUIDITY MODERATOR: Peter Eavis, Reporter, The New York Times SPEAKERS: Edward Kane, Professor of Finance, Boston College PowerPoint presentation in PDF Walker F. Todd, Trustee, American Institute for Economic Research L. Randall Wray, Senior Scholar, Levy Institute; Professor of Economics, Bard College PowerPoint presentation in PDF |
| 1:30−3:15 p.m. | Lunch SPEAKER: Barney Frank, Former US Representative (D-MA, 4) “2016—The Year Class Warfare Became Respectable” |
| 3:15−5:15 p.m. | Session 7. EUROPEAN PERFORMANCE AND REGULATORY OUTLOOK MODERATOR: Thorvald Grung Moe, Research Associate, Levy Institute; Special Adviser, Financial Stability, Norges Bank SPEAKERS: Mario Tonveronachi, Professor of the Economics of Financial Systems, University of Siena PowerPoint presentation in PDF Loukas Tsoukalis, Pierre Keller Visiting Professor, Harvard University |
| 5:15−7:00 p.m. | SPEAKER: Vítor Constâncio, Vice President, European Central Bank “A Challenging International Economic Environment for Central Banks” Link to Remarks |
Participants
Lakshman Achuthan, Cofounder and Chief Operations Officer, Economic Cycle Research Institute
Robert J. Barbera, Codirector, Center for Financial Economics, The Johns Hopkins University
Richard Berner, Director, Office of Financial Research, US Department of the Treasury
Fernando J. Cardim de Carvalho, Senior Scholar, Levy Institute; Emeritus Professor of Economics, Federal University of Rio de Janeiro
Vítor Constâncio, Vice President, European Central Bank
Peter Eavis, Reporter, The New York Times
Jesse Eisinger, Senior Reporter, ProPublica
Theo Francis, Special Writer, The Wall Street Journal
Barney Frank, Former US Representative (D-MA, 4)
Scott Fullwiler, Professor of Economics and James A. Leach Chair in Banking and Monetary Economics, Wartburg College
Bruce C. N. Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Columbia University
Robert A. Johnson, President, Institute for New Economic Thinking; Senior Fellow and Director, Franklin and Eleanor Roosevelt Institute
Izabella Kaminska, Journalist, Financial Times
Edward Kane, Professor of Finance, Boston College
Henry Kaufman, President, Henry Kaufman & Company, Inc.
Stephanie A. Kelton, Research Associate, Levy Institute; Chief Economist, US Senate Budget Committee; Professor, University of Missouri–Kansas City
Jan Kregel, Director of Research, Levy Institute; Professor, Tallinn University of Technology
Martin L. Leibowitz, Managing Director, Morgan Stanley
Michael Masters, Founder and Chairman of the Board, Better Markets
Thorvald Grung Moe, Research Associate, Levy Institute; Special Adviser, Financial Stability, Norges Bank
Michalis Nikiforos, Research Scholar, Levy Institute
Dimitri B. Papadimitriou, President, Levy Institute
Eduardo Porter, Columnist, The New York Times
Walker F. Todd, Trustee, American Institute for Economic Research
Mario Tonveronachi, Professor of the Economics of Financial Systems, University of Siena
Loukas Tsoukalis, Pierre Keller Visiting Professor, Harvard University
Frank Veneroso, President, Veneroso Associates, LLC
Albert M. Wojnilower, Economic Consultant, Craig Drill Capital
L. Randall Wray, Senior Scholar, Levy Institute; Professor of Economics, Bard College
* Invited
Accommodations
Special rates for conference participants may be obtained at the following hotels: the Kingston Courtyard by Marriott and the Hampton Inn. The Kingston Courtyard by Marriott is located at 500 Frank Sottile Boulevard, Kingston, NY 12401. Reservations are available only by phone at 845-382-2300 (please mention the Minsky Conference). The Hampton Inn is located at 1307 Ulster Avenue, Kingston, NY 12401. Reservations are available by phone at 845-382-2600 (please ask for the Levy Economics Institute call-in rate; the group code LEV is helpful but not necessary) OR at 1-800-HAMPTON (please mention the Hampton Inn Kingston, the event date, and the group code LEV) OR online at www.kingston.hamptoninn.com (the group code LEV will be needed to access the rate). Transportation to and from these hotels will be provided by the Levy Institute.
Transportation to the Levy Institute
AirTrain from JFK
Use the Jamaica Ave. station for AirTrain service to Penn Station. Take Amtrak from Penn Station (NYP) to Rhinecliff (RHI). Taxis will be waiting upon train arrival to take you to the Levy Institute (75 Blithewood Ave.). web.mta.info/mta/airtrain.htm
Private Car Services
You can hire a private car service to meet you at the airport and take you to the Levy Institute. Below are two regional services that make trips between NYC-area airports and Bard College.
Classic Coach: (845) 229-1000
Black Diamond: (845) 338-8426
Car Rental
If you chose to rent a car and drive yourself, directions can be found using Bing Maps and the address 75 Blithewood Ave., Red Hook, NY 12571. Parking is available at the Levy Institute.
Shuttle Service
There will be a Bard shuttle bus picking up conference attendees from both the Hampton Inn and the Courtyard Marriott in Kingston on both days of the conference.
Tuesday, April 12
Courtyard Marriott
Pickup: 7:45 a.m.
Hampton Inn
Pickup: 8:00 a.m.
Departure back to both hotels from the Levy Institute: 9:15 p.m.
Wednesday, April 13
Courtyard Marriott
Pickup: 7:45 a.m.
Hampton Inn
Pickup: 8:00 a.m.
Departure back to both hotels from the Levy Institute: 7:15 p.m.
Substitutions and Cancellations
If you have registered and cannot attend, you may send a substitute. A full refund will be made if notice of cancellation is received by April 5. No refund will be made after that date. In the event that the conference is canceled, the Institute will refund the full conference fee but cannot be responsible for any other costs incurred. If you wish to update or cancel your registration, or assign a substitute, please use the link provided in your initial confirmation e-mail, or you may e-mail [email protected].