Conference on

"Fiscal Policy and Monetary/Fiscal Policy Interactions"

Federal Reserve Bank of Atlanta
April 19-20, 2007

Organized by Eric M. Leeper and Ellis W. Tallman

Thursday, April 19, 2007

 8:15 a.m.         Registration and Continental/Buffet Breakfast

 8:45 a.m.         Welcoming remarks

   Dennis Lockhart (President, FRB Atlanta)

 9:00 a.m.         "Optimal Fiscal Feedback on Debt in an Economy with Nominal Rigidities" (download)
                           by Tatiana Kirsanova and Simon Wren-Lewis (University of Exeter)

                           Discussant: James Nason (FRB Atlanta)

 10:00 a.m.       Coffee break

 10:30 a.m.       "Optimal Simple and Implementable Monetary and Fiscal Rules:
                           Expanded Version" (download)
                           by Stephanie Schmitt-Grohe and Martin Uribe (Duke University)

   Discussant: John Williams (FRB San Francisco)

 11:30 a.m.       "Housing and the Macroeconomy: The Role of Implicit Guarantees for
                           Government-Sponsored Enterprises" (download)
                           by Karsten Jeske (FRB Atlanta) and Dirk Krueger (University of Pennsylvania)

   Discussant: Brian Peterson (Indiana University)

 12:30 p.m.       Buffet Lunch

 2:00 p.m.         "On Policy Interactions Among Nations: When Do Cooperation and
                           Commitment Matter?" (download)
                           by Hubert Kempf (Sorbonne/Paris) and Leopold von Thadden (ECB)

   Discussant: Dale Henderson (Federal Reserve Board)

 3:00 p.m.         "Who Signs Banknotes and Why?  Issues in Central Bank Finance" (download)
                           by Peter Stella (International Monetary Fund)

   Discussant: Chris Sims (Princeton University) 

 4:00 p.m.         Coffee break

 4:30 p.m.         "Bond Supply, Expectations, and the Yield Curve" (download)
                           by Monika Piazzesi (University of Chicago) and Martin Schneider (New York University and FRB Minneapolis)

               Discussant: Jon Faust (Johns Hopkins University)

 5:45 p.m.         Reception

 6:30 p.m.         Dinner

Friday, April 20, 2007

 8:30 a.m.         Continental/Buffet Breakfast

 9:00 a.m.         "Foreign Official Institutions and the Market for U.S. Federal Agency Debt" (download)
                           by W. Scott Frame and Ellis Tallman (FRB Atlanta)

   Discussant: David Altig (FRB Cleveland)

 10:00 a.m.       Coffee break

 10:30 a.m.       Panel Discussion: "Prospective Fiscal Policies and Monetary Authority
                           Responses"

   Chris Sims, Princeton University

   Ken Wallis, University of Warwick

   Frank Smets, European Central Bank

 12:00 p.m.       Buffet Lunch

 1:30 p.m.         Adjourn