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INSTITUTE FOR NEW ECONOMIC THINKING ANNUAL 2011 CONFERENCE CRISIS AND RENEWAL: INTERNATIONAL POLITICAL ECONOMY AT THE CROSSROADS MOUNT WASHINGTON HOTEL BRETTON WOODS, NH

FRIDAY, APRIL 8, 2011

3:00 pm REGISTRATION Great Hall Lobby

4:00 PM - 4:15PM WELCOME AND OPENING REMARKS Robert A. Johnson - Executive Director, Institute for New Economic Thinking

4:15PM - 5:30PM SESSION 1 THE EMERGING ECONOMIC AND POLITICAL ORDER: WHAT LIES AHEAD?

Moderator: Harold James - Professor of History, Princeton University

Panelists: Niall Ferguson - Professor of History, Harvard University Jean-Paul Fitoussi - Professor of Economics, Institut d'Etudes Politiques de Paris Richard Koo - Chief Economist, Nomura Research Institute - Chairman, Soros Fund Management and the Open Society Foundations

6:30 PM - 7:30 PM WELCOME RECEPTION

7:30 PM - 9:30 PM DINNER

Introduction of Keynote Speaker: Robert A. Johnson - Executive Director, Institute for New Economic Thinking Keynote Speaker: Gordon Brown - Former Prime Minister,

1 CRISIS AND RENEWAL: INTERNATIONAL POLITICAL ECONOMY AT THE CROSSROADS **REFLECTS INVITED SPEAKERS AS OF DECEMBER 20,2010

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Saturday, April, 9, 2011

7:00 AM – 8:00 AM BREAKFAST

8:00 AM - 9:50 AM SESSION 2 HOW EFFECTIVE IS FISCAL POLICY IN STIMULATING OUTPUT AND EMPLOYMENT?

Moderator: Roman Frydman - Professor of Economics, New York University

Speakers: Phillippe Aghion - Professor of Economics, Harvard University Alan Blinder - Professor of Economics, Princeton University John Taylor - Professor of Economics and Senior Fellow, Hoover Institution, Stanford University Carlos Vegh - Professor of Economics, University of Maryland

Discussants: Michael Boskin - Professor of Economics and Senior Fellow, Hoover Institution, Stanford University Christina Romer - Professor of Economics, University of California, Berkeley Mario Seccareccia - Professor of Economics, University of Ottawa

10:00 AM-10:15AM BREAK

10:20 AM - 12:15PM SESSION 3 HOW EFFECTIVE IS MONETARY POLICY IN DEEP AND PROTRACTED RECESSIONS?

Moderator: Paul Jenkins - Distinguished Fellow , Centre for International Governance Innovation

Speakers: Paul Krugman - Professor of Economics & International Affairs, Princeton University, Nobel Laureate Allan Meltzer - Professor of Political Economy, Carnegie Mellon Hyun Song Shin - Professor of Economics, Princeton University Janet Yellen - Vice Chair of the Board of Governors, Federal Reserve System

Discussants: Carmen Reinhart - Professor of Economics, University of Maryland John Smithin - Professor of Economic, York University Michael Woodford - Professor of Political Economy,

12:15 PM - 2:15 PM LUNCH BRETTON WOODS: WHAT CAN WE LEARN FROM THE PAST IN DESIGNING THE FUTURE?

Keynote Panel: Paul Davidson - Co-Founder, Journal of Post Keynesian Economics Barry Eichengreen - Professor of Economics and Political Science , University of California Berkeley Robert Skidelsky - Emeritus Professor of Political Economy, The University of Warwick Leanne Ussher - Assistant Professor of Economics, The City University of New York

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2:20 PM - 3:50 PM SESSION 4 SOVEREIGNTY AND INSTITUTIONAL DESIGN IN THE GLOBAL AGE: THE GLOBAL MARKET AND THE NATION STATES

Moderator: Philipp Hildebrand - Governor, Swiss National Bank

Speakers: Lawrence Lessig - Director, Edmond J. Safra Center for Ethics, Harvard University David K Levine - John H. Biggs Distinguished Professor of Economics, Washington University (St. Louis) Dalia Marin - Professor of International Economics, University of Munich

Discussants: Jomo Kwame Sundaram - Assistant Secretary-General for Economic Development, United Nations Department of Economic and Social Affairs (DESA) Robert Litan - Vice President for Research and Policy, Ewing Marion Kauffman Foundation

3:50 PM - 4:05 PM BREAK

4:10 PM - 5:55 PM SESSION 5 CAN SOVEREIGNTY AND EFFECTIVE INTERNATIONAL SUPERVISION BE RECONCILED? THE CHALLENGE OF LARGE COMPLEX FINANCIAL INSTITUTIONS

Moderator: Henry Kaufman - President, Henry Kaufman and Company

Speakers: Claudio Borio - Director, Research and Statistics, Bank for International Settlements Garry Schinasi - Visiting Fellow, Bruegel, Brussels Andrew Sheng - Chief Adviser, China Banking Regulatory Commission Paul Tucker - Deputy Governor, Financial Stability, Bank of

Discussants: Anat Admati - Professor of Finance and Economics, Stanford University Simon Johnson - Professor of Entrepreneurship, Global Economics and Management, Sloan School of Management, Massachusetts Institute of Technology

5:55 PM - 6:10 PM BREAK

6:15 PM - 7:00 PM REPORT OF THE ECONOMICS CURRICULUM COMMITTEE TASK FORCE

Moderators: Perry Mehrling - Professor, Barnard College, Columbia University Robert Skidelsky - Emeritus Professor of Political Economy, Warwick University

Members of the Task Force Ha-Joon Chang, Marcus Miller, University of Warwick Barbara Craig, Oberlin College Daniel Neilson, Bard College, Simon's Rock Brad DeLong, University of California, John Sutton, London School of Economics Berkeley Kevin Hoover, Duke University Steve Ziliak, Roosevelt University Joyce Jacobson, Wesleyan University Christian WesterLind Wigstrom, Merton College, University Of Oxford John Kay,

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Felix Martin, Thames River Capital

7:00 PM - 8:00 PM RECEPTION

8:00 PM - 10:00 PM DINNER

Introduction of Keynote Speaker: Robert A. Johnson Keynote Speaker: Adair Turner – Chairman, Financial Services Authority

SUNDAY, APRIL 10, 2011

7:00 AM – 8:00 AM BREAKFAST

8:15 AM - 10:00 AM SESSION 6 THE POLITICAL ECONOMY OF STRUCTURAL ADJUSTMENT: UNDERSTANDING THE OBSTACLES TO COOPERATION

Moderator: Richard McGregor - Deputy News Editor, Financial Times

Speakers: Marcello DeCecco - Professor of Monetary and Financial History, Scuola Normale Superiore di Pisa Tom Ferguson - Professor of Political Science, University of Massachusetts Louis Kuijs - Senior Economist, World Bank (Beijing) Victor Shih - Assistant Professor of Political Science, Northwestern University

Discussants: Fan Gang - Professor, The Graduate School, Chinese Academy of Social Sciences Martin Wolf - Chief Economics Commentator, Financial Times

10:00 AM - 10:15 AM BREAK

10:20 AM - 12:05 PM SESSION 7 THE MARKET OR THE STATE? CAN MARKET FORCES DELIVER INNOVATION, EDUCATION, AND INFRASTRUCTURE

Moderator: Anatole Kaletsky - Associate Editor,

Speakers: James Heckman - Professor of Economics, University of Chicago, Nobel Laureate William Lazonick – Professor, Regional Economic and Social Development, University of Massachusetts Peter Lindert - Professor of Economics, University of California, Davis A. Michael Spence - Professor in Economics and Business, New York University, Nobel Laureate

Discussants: Ha-Joon Chang - Reader, Political Economy of Development, University of Cambridge Deepak Lal - Emeritus Professor of Economics, University of California, Los Angeles Richard Nelson - Professor of International Political Economy, Columbia University 4 CRISIS AND RENEWAL: INTERNATIONAL POLITICAL ECONOMY AT THE CROSSROADS **REFLECTS INVITED SPEAKERS AS OF DECEMBER 20,2010

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12:05 PM - 1:50 PM LUNCH IS THERE A CONTRADICTION BETWEEN GROWTH AND ENVIRONMENTAL SUSTAINABILITY?

Moderator: Eric Beinhocker - Senior Fellow, McKinsey and Company

Keynote Panel: William Nordhaus - Professor of Economics, Yale University William Rees - Professor, Community and Regional Planning, University of British Columbia Nicholas Stern - Professor of Economics and Government , London School of Economics

1:55 PM- 3:40 PM SESSION 8 OPTIMAL CURRENCY AREAS AND GOVERNANCE: THE CHALLENGE OF EUROPE.

Moderator: Andre Sapir - Professor of Economics, Université Libre de Bruxelles

Speakers: Jean Pisani-Ferry - Director, Bruegel, Brussels Carl-Ludwig Holtfrerich - Professor of Economics and Economic History, Freie Universitat Berlin Kevin O’Rourke - Professor of Economics, Trinity College (Dublin) Kenneth Rogoff - Professor of Economics, Harvard University

Discussants: Jeffrey Frankel - Professor of Capital Formation and Growth, Kennedy School of Government, Harvard University Joseph Halevi - Professor of Political Economy, University of Sydney Anatole Kaletsky - Associate Editor, The Times

3:40 PM – 3:55 PM BREAK

4:00 PM - 5:45 PM SESSION 9 THE ARCHITECTURE OF ASIA: FINANCIAL STRUCTURE AND AN EMERGING ECONOMIC SYSTEM

Moderator: Robert A. Johnson

Speakers: Michael Pettis - Professor, Peking University’s Guanghua School of Management Y.V. Reddy - Former Governor, The Reserve Bank of India, currently University of Hyderabad Joseph Stiglitz - University Professor, Columbia University, Nobel Laureate

Discussants: Yu Yongding - Director, Chinese Academy of Social Sciences Raghuram Rajan - Professor of Finance, University of Chicago

5:45 PM - 6:00 PM BREAK

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6:05 PM - 7:10 PM SESSION 10 PANEL DISCUSSION

Moderator: Alan Murray - Deputy Managing Editor and Executive Editor, Wall Street Journal

Panelists: Mervyn King - Governor, Bank of England Zhu Min - Special Advisor, International Monetary Fund Paul Volcker - Former Chairman, Federal Reserve Mark Carney - Governor, Bank of Canada

7:10 PM - 8:00 PM RECEPTION

8:00 PM - 10:00 DINNER PM Moderator: Gillian Tett, US Managing Editor, Financial Times

Conversation between Dominique Strauss-Kahn (Managing Director - International Monetary Fund) and George Soros (Chairman - Soros Fund Management and Open Society Foundations)

CLOSING REMARKS Robert A. Johnson - Executive Director, Institute for New Economic Thinking

Monday, April 11, 2011

7:00 AM – 9:00AM BREAKFAST

Departures

8:00 AM -11:00AM CLOSED Meeting of the Advisory Board of the Instititute for New Economic Thinking

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