The Participants

A list of The Contributors to “Changing Market Structure and Implications for Monetary Policy” begins on page ix at the front of the proceedings.

AYMAN ALSAYARI ALAN BLINDER Deputy Governor Professor Saudi Arabian Monetary Authority Princeton University

ÓSCAR ARCE LAURENCE BOONE Director General of Economics, Chief Economist Statistics and Research Organisation for Economic Co-operation and Development

KARTIK B. ATHREYA RAPHAEL W. BOSTIC Executive Vice President and President and Chief Executive Officer Director of Research Bank of Atlanta of Richmond LAEL BRAINARD PAT BAJARI Governor Vice President and Chief Economist Board of Governors of the Federal Amazon Reserve System

THOMAS I. BARKIN JAMES B. BULLARD President and Chief Executive Officer President and Chief Executive Officer Federal Reserve Bank of Richmond Federal Reserve Bank of St. Louis

MORENO BERTOLDI BRENT BUNDICK Special Advisor to the EU Ambassador Senior Economist to the United States Federal Reserve Bank of Kansas City European Commission

499 500 The Participants

LUIS CAPUTO MICHAEL DOTSEY Governor Executive Vice President and Central Bank of Argentina Director of Research Federal Reserve Bank of Philadelphia NORMAN CHAN Chief Executive WILLIAM C. DUDLEY Hong Kong Monetary Authority Former President and Chief Executive Officer SUSAN M. COLLINS Federal Reserve Bank of New York Professor University of Michigan JUAN JOSÉ ECHAVARRÍA Governor CARLOS COSTA Central Bank of Colombia Governor Bank of Portugal ANDREA EISFELDT Professor MARY C. DALY University of California-Los Angeles Executive Vice President and Director of Research CAROLYN EVANS Federal Reserve Bank of San Francisco Head Economist and Senior Data Scientist STEVEN DAVIS Intel Corporation Professor University of Chicago CHARLES L. EVANS President and Chief Executive Officer JOSÉ DE GREGORIO Federal Reserve Bank of Chicago Professor University of Chile MARTIN FELDSTEIN Professor of Economics MARK DEEN Media Adviser ROGER W. FERGUSON President and Chief Executive Officer SAMEEKSHA DESAI TIAA Director of Knowledge Creation and Research Ewing Marion Kauffman Foundation Former Vice Chair Board of Governors of the ALEJANDRO DÍAZ DE LEÓN Federal Reserve System Governor Bank of Mexico The Participants 501

KARNIT FLUG MÁR GUDMUNDSSON Governor Governor Bank of Israel Central Bank of Iceland

JACOB A. FRENKEL CRAIG S. HAKKIO Chairman of the Board of Trustees Senior Vice President and Special Group of 30 Advisor on Economic Policy Federal Reserve Bank of Kansas City JASON FURMAN Professor KEITH HALL Harvard University Director Congressional Budget Office ESTHER L. GEORGE President and Chief Executive Officer JOHN HALTIWANGER Federal Reserve Bank of Kansas City Professor University of Maryland MARC P. GIANNONI Senior Vice President and NIELS LYNGGÅRD HANSEN Director of Research Head of Economics and Federal Reserve Bank of Dallas Monetary Policy National Bank of Denmark ILAN GOLDFAJN Governor PATRICK T. HARKER Bank of Brazil President and Chief Executive Officer Federal Reserve Bank of Philadelphia MARVIN GOODFRIEND Professor JEREMY HARRISON Carnegie Mellon University Managing Director of Communications GITA GOPINATH Bank of Canada Professor Harvard University PETER BLAIR HENRY Dean Emeritus SYLVIE GOULARD New York University Deputy Governor Bank of France BEVERLY J. HIRTLE Executive Vice President and CHRISTINE GRAEFF Director of Research Director, General Communications Federal Reserve Bank of New York European Central Bank THOMAS M. HOENIG FRANCOIS GROEPE Former President and Deputy Governor Chief Executive Officer South African Reserve Bank Federal Reserve Bank of Kansas City 502 The Participants

R. GLENN HUBBARD PHILIP R. LANE Dean Governor Columbia Business School Central Bank of Ireland

JINHO HUH THOMAS LAUBACH Deputy Governor Director, Monetary Affairs The Bank of Korea Board of Governors of the Federal Reserve System STEFAN INGVES Governor HONGJIG LEE Swedish National Bank Senior Representative and Economist U.S. Office of the Bank of Korea RON JARMIN Acting Director ANDREAS LEHNERT U.S. Census Bureau Director, Division of Financial Stability STEVEN B. KAMIN Board of Governors of the Director, International Federal Reserve System Finance Division Board of Governors of the JING LIU Federal Reserve System Deputy Representative U.S. Office of The People’s Bank KAZUSHIGE KAMIYAMA of General Manager for the Americas Bank of Japan SUSAN LUND Partner ROBERT D. KAPLAN McKinsey Global Institute President and Chief Executive Officer Federal Reserve Bank of Dallas MARIO MARCEL Governor Central Bank of Chile President and Chief Executive Officer Federal Reserve Bank of Minneapolis KARL MASSEY Investment Director CHRISTOPHER KENT Local Pensions Partnership, U.K. Assistant Governor, Financial Markets Reserve Bank of Australia LORETTA J. MESTER President and Chief Executive Officer PETE KLENOW Federal Reserve Bank of Cleveland Professor Stanford University PETER MOOSLECHNER Member of the Governing Board DONALD KOHN Central Bank of Austria Senior Fellow The Participants 503

MADIS MÜLLER CARL SHAPIRO Deputy Governor Professor Bank of Estonia University of California-Berkeley

ØYSTEIN OLSEN HYUN SONG SHIN Governor Economic Adviser and Bank of Norway Head of Research Bank for International Settlements ADRIAN ORR Governor LUIGI FEDERICO SIGNORINI Reserve Bank of New Zealand Deputy Governor Bank of Italy DANIEL PALOTAI Chief Economist and DAVID W. SKIDMORE Executive Director for Economic Assistant to the Board Sciences and Priority Matters Board of Governors of the Central Bank of Hungary Federal Reserve System

ADAM S. POSEN WILLIAM E. SPRIGGS President Chief Economist Peterson Institute for AFL-CIO International Economics DANIEL G. SULLIVAN SIMON POTTER Executive Vice President and Executive Vice President and Head Director of Research of the Markets Group Federal Reserve Bank of Chicago Federal Reserve Bank of New York ELLIS W. TALLMAN Executive Vice President and Vice Chairman for Supervision Director of Research Board of Governors of the Federal Reserve Bank of Cleveland Federal Reserve System JOHN B. TAYLOR DIANE M. RALEY Professor Senior Vice President and Stanford University Chief of Staff Federal Reserve Bank of Kansas City VLADIMÍR TOMŠÍK Vice Governor OLLI REHN Czech National Bank Governor Bank of Finland JOSÉ DARÍO URIBE Executive President ERIC S. ROSENGREN Latin American Reserve Fund President and Chief Executive Officer Federal Reserve Bank of Boston 504 The Participants

JULIO VELARDE KENTARO YOSHIMURA Governor Secretary to the Deputy Governor Central Reserve Bank of Peru Bank of Japan

MASAZUMI WAKATABE FRITZ ZURBRÜGG Deputy Governor Vice Chairman of the Bank of Japan Governing Board Swiss National Bank CHRISTOPHER J. WALLER Executive Vice President and Media Director of Research Federal Reserve Bank of St. Louis CHRISTOPHER CONDON Reporter ROSE M. WASHINGTON Bloomberg News Executive Director Tulsa Economic Development SAM FLEMING Corporation U.S. Economics Editor Board Chair Financial Times Federal Reserve Bank of Kansas City KATHLEEN HAYS DAVID W. WILCOX Anchor, Global Economics and Director, Division of Research Policy Editor and Statistics Bloomberg Television and Radio Board of Governors of the Federal Reserve System NEIL IRWIN Senior Economics Correspondent JOHN C. WILLIAMS The New York Times President and Chief Executive Officer Federal Reserve Bank of New York SOUMAYA KEYNES U.S. Economics Editor JONATHAN L. WILLIS The Economist Vice President and Senior Research and Policy Advisor EDWARD LAWRENCE Federal Reserve Bank of Kansas City Correspondent Fox Business Network LUKE WOODWARD Senior Vice President and STEVE LIESMAN Head of the Research Division Senior Economics Reporter Federal Reserve Bank of Kansas City CNBC

MARK WRIGHT HEATHER LONG Senior Vice President and Economics Correspondent Director of Research The Washington Post Federal Reserve Bank of Minneapolis The Participants 505

HOWARD SCHNEIDER Journalist News

NICK TIMIRAOS Chief Economics Correspondent The Wall Street Journal