The University of Western Ontario
Department of Economics

The David Laidler Festschrift
August 18-20, 2006
London, Ontario

Friedman/Taylor Video
Photo Gallery

Sponsors:

• RBC Financial Group Economic Policy Research Institute
• Department of Economics, University of Western Ontario
• Faculty of Social Science, University of Western Ontario

Organizers:

• Robert Leeson (academic organizer)
• Jim Davies (local arrangements)

Conference Schedule:

The conference sessions will begin at 1:10 p.m. on Friday, August 18, 2006 at the University of Western Ontario (Social Science Centre, Room 9420), and will end at the Station Park All Suite Hotel Sunday, August 20, 2006 after morning sessions.

Program

Presenters and Discussants:  Please click here for paper access.

FRIDAY, AUGUST 18, 2006: Room 9420, Dean's Suite, Social Science Centre, U.W.O.
12:45 pm Registration
1:10 pm Welcome
Brian Timney, Dean of Social Science
Paul Davenport, President of U.W.O.
Organizational Comments
Robert Leeson (Murdoch University)
SESSION I - Chair:  Robert Leeson
Location:  Room 9420, Dean's Suite, Social Science Centre, U.W.O.
1:20 pm
Discussant:
Jim Davies
Robert Young (University of Western Ontario)
"What is Good Government?  David Laidler's Views"
2:00 pm
Discussant:
Perry Mehrling
Robert Dimand (Brock University)
“David Laidler's Contributions to the History of Monetary Economics”
2:40 pm
Discussant:
Nick Rowe
Michael Bordo (Rutgers University) and Anna Schwartz
"David Laidler on Monetarism"
3:20 pm Coffee
Location:  Room 51, Western Faculty of Law, U.W.O.
4:00 pm
Discussants:
John Taylor
(by video link)
David Laidler
Milton Friedman (Stanford University) (by video link)
“Tradeoffs in Monetary Policy”
SESSION II - Chair:  Michel De Vroey
Location:  Room 51, Western Faculty of Law, U.W.O.
5:00 pm
Discussant:
Angela Redish
Hans-Michael Trautwein (Universität Oldenburg)
“Hans Neisser’s Views on Money and Structural Change, and Modern ‘Quantity Theory’ Implications”
5:40 pm
Discussant:
Michel De Vroey
Roger Sandilands (University of Strathclyde)
“Hawtreyan ‘Credit Deadlock’ or Keynesian 'Liquidity Trap'?  Lessons for Japan from the Great Depression”
6:30 pm Drinks (Michael’s Garden) Room 3320, Somerville House, U.W.O.
7:00 pm Dinner (Michael’s Garden) Room 3320, Somerville House, U.W.O.
SATURDAY, AUGUST 19, 2006
Location:  Room 9420, Dean's Suite, Social Science Centre, U.W.O.
8:30 am Refreshments
SESSION III - Chair:  Michael Bordo
9:00 am
Discussant:
Roger Sandilands
Warren Samuels (Michigan State University)
“Monetary Institutions and Monetary Theory: Reflections on the History of Monetary Economics”
9:45 am
Discussant:
Neil Skaggs
Perry Mehrling (Columbia University)
“Monetary Policy Implementation: A Microstructure Approach”
10:30 am Coffee
11:00 am
Discussant:
Hans-Michael Trautwein
Michel De Vroey (Université catholique de Louvain)
“Monetarism and Market Clearing”
11:45 am
Discussant:
Michael Bordo
Neil Skaggs (Illinois State University)
“Less Than an Ideal Type: Varieties of Real Bills Doctrines”
12:30 pm Lunch (Dean's Lounge, 9th Floor, SSC)
SESSION IV - Chair:  Warren Samuels
1:30 pm
Discussant:
Charles Goodhart
Charles Freedman (Carleton University)
“From Money Targeting to Inflation Targeting: The Change in the Role of Money in the Conduct of Monetary Policy”
2:15 pm
Discussant:
Charles Freedman
Charles Goodhart (London School of Economics)
“The Political Economy of Inflation Targets: New Zealand and the U.K.”
3:00 pm Coffee
SESSION V - Chair:  Gordon Thiessen
3:30 pm
Discussant:
Neil Skaggs
Angela Redish (University of British Columbia)
“Lender of Last Resort - Lessons from Canadian History”
4:15 pm
Discussant:
Peter Howitt
Bill Robson (CD Howe Institute)
“The Canadian Monetary Order:  Past, Present and Prospects”
5:00 pm
Discussant:
John Crow
Peter Howitt (Brown University)
“Canadian Monetary Policy”
6:30 pm Drinks and Dinner (Grosvenor Club, 1 Grosvenor Street, London)
SUNDAY AUGUST 20, 2006
Location: Station Park All Suite Hotel, 242 Pall Mall Street, London: Oxford Room
8:30 am Continental Breakfast
SESSION VI - Chair:  Bill Robson
9:00 am
Discussant:
John Whalley
Clark Leith (University of Western Ontario)
"Monetary Union Proposals in North America and Southern Africa:  Do the Same Q&A Apply?"
9:45 am
Discussant:
Clark Leith
John Whalley (University of Western Ontario)
"Canadian Policy and the Economic Revolution in Asia"
10:30 am Coffee
11:00 am
Discussant:
Perry Mehrling
Russ Boyer (University of Western Ontario)
"Devaluation and (Expansionary) Monetary Policy Are Observationally Equivalent!"
11:45 am
Discussant:
John Palmer
Finn Poschman (CD Howe Institute)
“Tax Incentives for Owner-Occupied Housing -- Then and Now”
12:30 pm CONFERENCE ENDS

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