U.S. monetary policy focus of Feb. 5 forum

Experts from the St. Louis Federal Reserve and around the country will be on the Washington University campus from 2:30-5:30 p.m. Friday, Feb. 5, to discuss the Federal Reserve’s role during the recent recession and future directions for policy.

The free public conference, “Monetary Policy Amid Economic Turbulence,” will take place in the Bryan Cave Moot Courtroom, Anheuser-Busch Hall on the Danforth Campus.

Designed as a service to the community, the program will provide the latest information on current issues in monetary policy — the processes used by the U.S. Federal Reserve Bank to regulate the nation’s money supply and interest rates in an effort to control inflation and strengthen the economy.

The forum will include presentations, panel discussions and an audience question-and-answer session led by experts in economic policy and the banking system.

Richard Sylla, Ph.D., the Henry Kaufman Professor of the History of Financial Institutions and Markets in the Department of Economics at New York University, will open the event with a speech on “Our Great Recession in the Mirror of the Great Depression.”

Thomas Cooley, Ph.D., the Paganelli-Bull Professor of Economics and dean emeritus of the NYU Stern School of Business, will speak at 3 p.m. on “The Challenges for Monetary Policy in the Aftermath of the Crisis.”

Following questions from the audience and a brief break, the program concludes with a monetary policy panel discussion beginning at 4:20 p.m.

Panelists include James Bullard, Ph.D., president and chief executive officer of the Federal Reserve Bank of St. Louis; Joel Prakken, Ph.D., chairman of Macroeconomic Advisers LLC, a St. Louis-based economic forecasting firm; and Costas Azariadis, Ph.D., WUSTL’s Edward Mallinckrodt Distinguished University Professor in Arts & Sciences and professor of economics.

The event is sponsored by the St. Louis Gateway Chapter of the National Association of Business Economics and Washington University’s Department of Economics, the Undergraduate Economics Association and the Weidenbaum Center on the Economy, Government, and Public Policy, all in Arts & Sciences.

Space is limited and advance registration is requested. Driving directions and parking information will be provided upon registration. On-site registration will open at 2 p.m.

Register online at wc.wustl.edu. For more information, contact Melinda Warren at (314) 935-5652 or warren@wustl.edu.

The Weidenbaum Center’s St. Louis Forum Series continues through the spring semester with programs titled “Politics and the Global Recession” Feb. 25 and “State and Local Government Finance amid Economic Turbulence” April 9.