When Public Investment is No Longer an Oxymoron: Fiscal Policy in Liquidity Trap Conditions

Agenda

8:30 a.m.                               Registration & Coffee

9 a.m.                                     Welcoming Remarks

• Paul McCulley, Chair of the Global Society of Fellows

9:15 a.m.                               Induction Ceremony: Global Society of Fellows

• Ellen Hughes-Cromwick, Chief Economist at Ford Motor Co.
• Richard Vague, Managing Partner of Gabriel Investments

9:30 – 10:15 a.m.                 Session I – Ending Too Big to Fail is Going to be Hard Work

• Jeffrey Lacker, President of the Federal Reserve Bank of Richmond

10:15 – 10:30 a.m.              Coffee Break

10:30 – 11:30 a.m.              Session II – Financing the Infrastructure to Support Alternative Fuel Vehicles: How Much Investment is Needed and How Will It Be Funded?

• Fellow: Ellen Hughes-Cromwick, Chief Economist at Ford Motor Co.
• Visiting Scholar: Joshua Cregger, Industry Analyst at the Center for Automotive Research
• Discussant: Santiago Pinto, Economist in the Regional Economist Group of the Research Department of the Federal Reserve Bank of Richmond

11:30 a.m. – 12:30 p.m.     Session III – Debt, Deflation, and Debacle: Of Private Debt Write-Down and Public Recovery

• Fellow: Richard Vague, Managing Partner of Gabriel Investments
• Visiting Scholar: Robert C. Hockett, Professor of Law at Cornell University Law School
• Discussant: Steve Clemons, Washington Editor-At-Large for The Atlantic

12:30 – 1:30 p.m.                 Lunch

1:30 – 2:30 p.m.                   Session IV – Helicopter Money: Or How I Stopped Worrying and Love Fiscal-

Monetary Cooperation

• Paul McCulley, Chair of the Global Society of Fellows
• Zoltan Poszar, Visiting Scholar, International Monetary Fund

2:30 – 3:30 p.m.                   Session V – Public Investment: Facts and Fantasies

• Dean Croushore, Professor of Economics and Rigsby Fellow in Economics at the University of Richmond
• Robert Dolan, Professor of Economics at the University of Richmond

3:30 p.m.                               Conclusion

• Paul McCulley, Chair of the Global Society of Fellows

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Hotel Accommodations

GIC has a block of rooms on hold at:

THE WESTIN RICHMOND
6631 West Broad Street
Richmond, Virginia 23230
(about a ten minute cab ride to the venue)

Please call the central reservations number at 1-888-627-7786 and reference GLOBAL INTERDEPENDENCE CENTER block.

These rates will expire on March 25, 2013

GIC Guest room rates:
Standard King       $139.00
Standard Double  $149.00

Information regarding other suggested hotels are available at www.richmond.edu/visit/accommodations.html.