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NBER: April Carnegie Rochester Conference
April Carnegie Rochester Conference
Call for Proposals
Credit Market Turmoil: Implications for Policy
April 2009
The Carnegie-Rochester Conference on Public Policy is now soliciting paper
proposals for a conference on ?Credit Market Turmoil: Implications for
Policy.? This Conference will be held in Rochester, at the William E.
Simon Graduate School of Business, University of Rochester, on April
17-18, 2009. The proceedings of the Conference are scheduled for
publication in a special issue of the Journal of Monetary Economics in
January 2010.
The November 2008 Carnegie-Rochester Conference is being held on various
aspects of the ?credit crunch of 2007-2008.? The response to the call for
proposals for the Conference was strong, indicating the degree to which
recent market events are shaping economic research in the area. The Board
of Advisors selected six papers for the Conference centered on topics of
ranging from ratings to liquidity, and securitization to agency problems.
The Board has decided to extend the Conference?s focus on this topic to
the April 2009 Conference in Rochester. Our goal for this Conference is
to focus on the wide range of policy responses that might be considered in
light of the significant disruptions. Papers might consider the current
and future role of central banks. For example, how does a central bank
fulfill its role as lender-of-last-resort in a global financial
marketplace? How should moral hazard considerations shape the choices of
central bank actions? What tools does the central bank need to address
liquidity crises? How does one distinguish between a liquidity problem
and a solvency problem? Were the special facilities created by the
Federal Reserve ?effective?? Does the failure of Northern Rock in the
U.K. convincingly demonstrate that splitting the roles of monetary policy
and financial supervision is a flawed strategy? Papers might also
consider the broader questions of the appropriate regulatory environment.
What is the appropriate balance between government regulation and market
discipline? What are the options for restructuring the regulatory
landscape?
The editors invite detailed abstracts of no more than two pages describing
the proposed research. (If a preliminary version of the paper is
available, authors may include it with their abstract.) Proposal should
be submitted electronically to Sue North (north_at_simon.rochester.edu),
Editorial Assistant for the Journal of Monetary Economics, no later than
Friday, October 31, 2008. The Carnegie-Rochester Advisory Board in
collaboration with the Editors of the JME will make the final selection of
papers to be included in the Conference. Authors will be notified no
later than December 1, 2008 if their paper has been selected. Authors
will receive an honorarium of $2500 and be expected to present their
research at the Conference. The papers should represent original research
not slated for published elsewhere. Since papers are intended for
publication, authors will not be able to publish or reprint the work
elsewhere without permission of the Editors and the publisher. Please
note that the Editors will contact authors only if their paper is
accepted.
Received on Mon Oct 06 2008 - 09:04:07 EDT
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