Bernanke snubbed Jackson Hole this year after making a series of seminal speeches there in years past, including the big hint at QE2. Mark Carney isn’t going and now it’s been revealed that Bank of Japan leader Haruhiko Kuroda is the only big name planning to attend.
To make matters worse, Bank of America has now leaked the agenda of the Aug 22-24 symposium. The WSJ has the run-down:
Topics on the agenda include:
–“The Natural Rate of Interest, Financial Crises and the Zero Lower Bound”
–“The Transmission of Unconventional Monetary Policy” – featuring a paper by that title by Northwestern University’s Arvind Krishnamurthy, to be delivered the morning of Aug. 23
–A panel discussion on “Monetary Policy Options and Tools” also on the morning of Aug. 23. Participants in the panel include Agustín Carstens, governor of the Bank of Mexico, and Frank R. Smets, the research director from the European Central Bank.
–“Global Liquidity,” with a paper by Jean-Pierre Landau of Princeton, on Aug. 24.
–“Cross-Border Capital Flows” by Hélène Rey, a professor at the London Business School, also Aug. 24.
I congratulate BofA breaking the embargo — it`s a total joke that banks would have that info and not traders. In any case, those are some interesting topics and the conference will be a welcome diversion late next week but probably not a big market mover.
