Lessons from the Past and Reforms for the Future; a SSHRC-sponsored CMFE conference at Carleton University; 13–14 May 2010—all events are in Room 360 of the Tory Building (“The Egg”) unless specified otherwise below; each string of orange “Session” text below links to a page containing a link to the associated video (as well as associated pictures); each string of red text below links to the associated document

Program:

Wednesday, May 12:
18:00 – 20:00 Pre-conference reception (in Bakers, 4th floor, UniCentre)
Thursday, May 13:
08:00 – 08:45 Coffee and muffins
08:45 – 09:00 Introduction by Associate Dean Ted Jackson of Dr. Roseann O’Reilly Runte, President and Vice-Chancellor of Carleton University and then welcoming remarks by the latter
09:00 – 10:30 Session 1: Monetary Policy and Lender of Last Resort; chair: Nick Rowe (Carleton University); presenter: Donald Kohn (Vice Chairman of the Board of Governors of the Federal Reserve System), “The Federal Reserve’s Policy Actions During the Financial Crisis and Lessons for the Future”; discussant: David Longworth (Adjunct Research Professor in fieri, Department of Economics and School of Public Policy and Administration, Carleton University and former Deputy Governor, Bank of Canada), “Comments on ‘The Federal Reserve’s Policy Actions During the Financial Crisis and Lessons for the Future’ by Don Kohn”; general discussion
10:30 – 11:00 Coffee break
11:00 – 12:30 Session 2: Fiscal Policy; chair: Steve Ferris (Carleton University); presenter: Tiff Macklem (Associate Deputy Minister and G-7 Deputy for Canada, Finance Canada; effective July 1st: Senior Deputy Governor, Bank of Canada), “Fiscal Policy During and After the Crisis”; discussant: Robert J. Tetlow (visiting Senior Advisor, Economic Modeling Section, International Monetary Fund and Senior Economist, Division of Research and Statistics, Board of Governors of the Federal Reserve System), “Comment on Tiff Macklem’s Presentation on Fiscal Policy”; general discussion
12:30 – 13:30 Lunch (2nd-floor lounge, Loeb Building)
13:45 – 15:15 Session 3: Macro Prudential Arrangements and Issues; chair: Huntley Schaller (Carleton University); presenter: Philipp Hartmann (Head, Financial Research Division, Directorate General Research, European Central Bank), “Developing Macro-prudential Supervision and Regulation”; discussant: Pierre Duguay (Deputy Governor, Bank of Canada); general discussion
15:15 – 15:30 Coffee break
15:30 – 17:00 Session 4: Financial Sector Reform; chair: Ehsan Choudhri (Carleton University); presenter: Charles Goodhart (Emeritus Professor and Member, Financial Markets Group, London School of Economics), “Is a Less Pro-cyclical Financial System an Achievable Goal?”; discussant: Jeremy Rudin (Assistant Deputy Minister, Financial Sector Policy Branch, Finance Canada); general discussion
18:30 for 19:15 Reception followed by dinner (in the Québec Suite of the Fairmont Château Laurier); guest speaker: Paul Jenkins (former Senior Deputy Governor, Bank of Canada), “Real-Financial Linkages: Policy Models at the Bank of Canada”; general discussion
Friday, May 14:
08:00 – 08:45 Coffee and croissants
08:45 – 10:30 Session 5: Canadian Developments in the Supervisory Realm; chair: Keir Armstrong (Carleton University); presenter: F. Edward (Ted) Price (Assistant Superintendent of Supervision, Office of the Superintendent of Financial Institutions, Canada), “Developments in Bank Supervision—a Canadian Perspective”; discussants: John Chant (Emeritus Professor, Simon Fraser University), “Comments on Canadian Developments in the Supervisory Realm,” and Don Drummond (Senior Vice President and Chief Economist, TD Bank Financial Group); general discussion
10:30 – 11:00 Coffee break
11:00 – 12:30 Session 6: Panel Discussion; chair: Serge Coulombe (University of Ottawa); Charles Freedman (Scholar in Residence, Department of Economics and CMFE Co-Director, Carleton University and former Deputy Governor, Bank of Canada), “Did Monetary Policy Play a Role in Causing the Crisis and What Lessons Can Be Drawn for its Future Conduct?”; Nicholas Le Pan (Chair, Canadian Public Accountability Board and former Superintendent of Financial Institutions, Canada), “Notes for Panel Discussion”; John Murray (Deputy Governor, Bank of Canada); general discussion

Presenters: 45 minutes; discussants: 15 minutes each; discussions from the floor: 25 to 30 minutes; panel discussion: 45-minute first round, 15-minute second round, and then 30 minutes from floor.