ON-Lion Letter

On November 12 in Washington, D.C., the Cato Institute's Center for Monetary and Financial Alternatives will host its 33rd Annual Monetary Conference.  The conference will bring together leading policymakers and scholars to rethink monetary policy after more than six years of unconventional central-bank policy following the 2008 global financial crisis.

Topics will include:  what monetary policy can and cannot do; inflation, deflation, and monetary rules; monetary policy and the knowledge problem; and the Federal Reserve's exit strategy versus fundamental reform.

Since the '08 crisis, there has been a convergence of monetary policies by major central banks aimed at keeping benchmark interest rates near zero and supporting asset prices in the hope of stimulating economic growth.  Yet global growth is still sluggish and the risk of asset bubbles is mounting.

The distinguished speakers at the day-long event at Cato will consider the risks of unconventional monetary policy, the steps that need to be taken to normalize policy, and the fundamental question of rules versus discretion in the conduct of monetary policy.

The conference's keynote address will be delivered by James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis.  The program also features Bradley Prize recipient John B. Taylor of the Hoover Institution and Stanford University.

The full schedule and registration information is available online.

The Lynde and Harry Bradley Foundation in Milwaukee substantially supports Cato's Center for Monetary and Financial Alternatives.  Bradley supports Taylor's work at Hoover, as well.

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