I am giving a talk Thursday May 30, titled "The Role of Monetary Policy, Revisited." The event is at Booth's Gleacher Center in downtown Chicago, reception 4:30 and talk 5:15. It's part of a series of talks sponsored by the Becker-Friedman Institute.
The talk is based on an essay I'm working on, and will be presenting at a few central banks this summer. Once per generation we re-think what central banks do, can't do, should do, and shouldn't do. Milton Friedman's famous 1968 address marked the last big transition. I think, we are in a similar moment. I will look at the big picture in the same spirit. I'm aiming at a serious talk, grounded in academic research, but accessible.
Blog followers, students, colleagues, friends, and even glider pilots are most welcome. Please
rsvp so they know how many people to plan for.
The event announcement invitation and rsvp links are
here on the BFI webpage There is also an event announcement and rsvp link on the
Booth Alumni events webpage here.
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 | | | | The Becker Friedman Institute for Research in Economics of the University of Chicago cordially invites you to | | | The Role of Monetary Policy Revisited | | | A talk by John H. Cochrane, AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business | | Thursday, May 30, 2013
4:30 p.m. Reception
5:15 p.m. Talk and Q&A | | Executive Dining Room, Sixth Floor
University of Chicago Gleacher Center
450 North Cityfront Plaza Drive
Chicago, Illinois (map and directions) | | | | Please join us as University of Chicago Booth School of Business Professor John Cochrane reexamines Milton Friedman's 1968 presidential address to the American Economic Association. In this famous speech on the role of monetary policy, Friedman argued, "There is always a temporary trade-off between inflation and unemployment; there is no permanent trade-off." | | | Starting from this perspective, Cochrane will reevaluate the role of monetary policy 45 years later. Is it effective? Can it fill all the roles people expect of it? How should monetary policy be conducted going forward? | | | | | | | RSVP
Please respond online by
May 23. | | | | | Please extend this invitation to others who might find the program of particular interest. | | | | | Complimentary valet parking will be available at the Gleacher Center entrance. | | | | | QUESTIONS
If you have questions or require advance assistance, please contact Maria Bardo-Colon at 773.834.1898 or bfi@uchicago.edu. | | | | | | | | | | John H. Cochrane
The AQR Capital Management distinguished service professor of finance at the University of Chicago Booth School of Business, Cochrane's scholarly work focuses on finance, monetary economics, macroeconomics, health insurance, time-series econometrics, and other topics. He is the author of Asset Pricing, a coauthor of The Squam Lake Report, a research associate of the National Bureau of Economic Research, a senior fellow of the Hoover Institution at Stanford University, and an adjunct scholar of the CATO Institute. He blogs as The Grumpy Economist. Cochrane earned a bachelor's degree in physics at Massachusetts Institute of Technology and PhD in economics at the University of California, Berkeley. He was a member of the University of Chicago Department of Economics before joining Chicago Booth. | | | | |
