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The purpose of the workshop is to bring together academics and other researchers to discuss new developments in monetary and payments economics. Opportunities will exist throughout the day for informal discussion among participants.
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Federal Reserve Bank of New York 33 Liberty Street Liberty Room Conference Room New York, NY 10045 |
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Antoine Martin, Federal Reserve Bank of New York |
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Please contact antoine.martin@ny.frb.org. |
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Agenda
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9:00 a.m. |
Breakfast |
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9:20 a.m. |
Welcoming Remarks
Joseph S. Tracy, Director of Research, Federal Reserve Bank of New York |
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9:30 a.m. |
Banking, Liquidity, and Inflation
Jonathan Chiu (joint with Césaire Meh), Bank of Canada |
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10:15 a.m. |
Efficiency Improvement from Restricting the Liquidity of Nominal Bonds 
Shouyong Shi, University of Toronto |
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11:00 a.m. |
Coffee Break |
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11:30 a.m. |
Market Structure and Credit Card Pricing: What Drives the Interchange? 
Zhu Wang, Federal Reserve Bank of Kansas City |
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12:15 p.m. |
Lunch
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2:00 p.m. |
The Optimal Inflation Target in an Economy with Limited Enforcement
James Bullard, Federal Reserve Bank of St. Louis (joint with Gaetano Antinolfi and Costas Azariadis, Washington University) |
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2:45 p.m. |
Money is not Memory; It is Commitment
Stephen Williamson, Washington University (joint with Daniel Sanches, Washington University, and Randall Wright, University of Pennsylvania) |
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3:30 p.m. |
Coffee Break |
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4:00 p.m. |
Liquidity and Systemic Risk in Payment Systems  Gara Minguez Afonso (joint with Hyun Song Shin), Princeton University |
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4:45 p.m. |
Reception |