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- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
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- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
  
  The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
Community Development
& Education

New York Area Macro Workshop
October 15, 1999

New York University
The Kaufman Management Center Building
44 West 4th Street
Room KMC 4-90

Organizer:
Sydney Ludvigson
Federal Reserve Bank of New York
sydney.ludvigson@ny.frb.org

Schedule

9.30 AM
Robert Shimer, Princeton, "Productivity Gains from Unemployment Insurance," with Daron Acemoglu, MIT.

10:20 AM
Stefan Krieger, Yale, "Bankruptcy Costs, Financial Constraints and the Business Cycle."

11:15 AM
Coffee

11:30 AM
Nicholas S. Souleles, Wharton, "Household Securities Purchases and Household Risk."

12:30 PM
Alessandra Casella, Columbia, "Tradable Deficit Permits."

1:30 PM
Lunch

2:30 PM
Jonathan McCarthy, Federal Reserve Bank of New York "Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies."

3:30 PM
Lars E. O. Svensson, Institute for International Economic Studies "Eurosystem Monetary Targeting: Lessons from U.S. Data," with Glenn D. Rudebusch, Federal Reserve Bank of San Francisco.

4:30
Adjourn

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