Overview
This year’s annual Money and Payments Workshop will focus on monetary policy implementation, that is, the process by which central banks affect interest rates and, ultimately, the level of prices and general economic activity. This focus is partly motivated by the Financial Services Regulatory Relief Act of 2006, which grants the Federal Reserve authority to pay interest on reserve balances held by commercial banks beginning in 2011.

The purpose of the workshop is to bring together academics and other researchers this issue and other new developments in monetary and payments economics. Opportunities will exist throughout the day for informal discussion among participants.