THE HENRY THORNTON LECTURE

Date Title Speaker

Nov 1979 The Prospects for an International Monetary Rt Hon Gordon Richardson System Oct 1980 A Century of British Market Interest Rates, Dr Anna J. Schwartz 1874-1975 (NBER) Oct1981 Turbulence in the Foreign Exchange Markets Professor Jacob A. Frenkel and Macroeconomic Policies Oct 1982 Macroeconomics after a Decade of Rational Professor Bennett T. McCallum Expectations: Some Critical Issues Nov 1984 The Uncertain Future of Monetary Policy Professor Phillip Cagan

Nov 1985 Inflation Expectations: from Adaptive to Professor Michael Parkin Rational…? Nov 1986 The Disarray in Macroeconomics Professor Karl Brunner

Nov 1987 Ricardo and Budget Deficits Professor Robert J. Barro

Nov 1988 The Political Economy of International Professor Roland Vaubel Organisations in International Money and Finance Nov 1989 Speculative Booms and Crashes Professor Robert J. Shiller

Nov 1990 Central Banking Tasks in a European Professor Niels Thygesen Monetary Union Nov1991 Wage and Price Stickiness in Professor David Laidler Macroeconomics: An Historical Perspective Nov 1992 The Lender of Last Resort: Pushing the Professor Charles P. Kindleberger Doctrine Too Far? Nov 1993 Conduct of Monetary Policy in an Open Professor Helmut Schlesinger Economy Nov 1994 The Triumph of Paper Credit: Price Stability in Dr Michael Mussa a Paper Currency World Nov1995 Central Bank Independence and Monetary Professor Otmar Issing Stability May 1996 What Does the Current Account Tell Us? Professor Max Corden

Nov 1997 Regulating Financial Markets: A Critique and Professor George Benston Some Proposals Nov 1998 Why Regulate? Mr Howard Davies Chairman FSA Nov 2000 Expectations William Poole, President and CEO Federal Reserve Bank of St Louis Mar 2001 The Thornton Effect: Monetary Instability Professor Robert Mundell Arising from Big Wars Mar 2003 Exchange Rate Regime Choice in Historical Professor Michael Bordo Perspective Dec 2004 Global Imbalances and the Lessons from Barry Eichengreen Bretton Woods Jun 2006 Corporate default risk and its pricing. What are Professor Darrell Duffie we missing? Oct 2007 Are Banks Still Special? Professor Anthony Saunders

Mar 2009 Effective Monetary Policy in a Low Interest James Bullard, President and CEO Rate Environment Federal Reserve Bank of St Louis Feb 2011 Monetary Policy and the Behaviour of Banks: Professor Charles Calomiris, Lessons from the 1930s for the 2010s Columbia University