Monday, December 14

9.00 am:          Registration and Coffee

9.30 am:          Welcome Remarks: Dr. Raghuram Rajan, Governor, Reserve Bank of India

10.30 am:        Session I: Chair: Kenneth Kletzer

Paper: “On the Optimality of Financial Repression” by V.V Chari, University of Minnesota Alessandro Dovis, Pennsylvania State University  Patrick Kehoe, University of Minnesota

Discussant: Chetan Ghate, Indian Statistical Institute, Delhi

11.15am:         Coffee break

11.30 am:        Session II: Chair: Gita Gopinath

Paper: “Challenges of Effective Monetary Policy in Emerging Economies” Amartya Lahiri, University of British Columbia and Urjit R. Patel, Reserve Bank of India

Discussant: Rajesh Singh, Iowa State University 

12.45 pm:        Lunch

2.00 pm:         Panel Discussion: Central Banking in Emerging Economies Under Rising Global Links

Panel Moderator:   Ridham Desai

Panelists: BRICS Central Bank representatives.

3.30 pm:          Coffee break

3.45 pm:          Session III: Chair: V.V. Chari

Paper: “Monetary and Financial Policies in Emerging Markets” Kosuke Aoki, University of Tokyo Gianluca Benigno, London School of Economics Nobuhiro Kiyotaki, Princeton University

Discussant: Kenneth Kletzer, University of California at Santa Cruz.

7.00 pm:         Dinner hosted by Dr. Michael Patra, Executive Director at Hotel Marine Plaza, Rooftop Restaurant.

Tuesday, December 15

9.00 am:          Coffee

9.30 am:           Session IV: Chair: N. Prabhala

Paper: “The International Price System” Gita Gopinath, Harvard University.

Discussant: Prachi Mishra, Reserve Bank of India

10.45 am:        Coffee Break

11.00 am:         Session V: Chair: Nobuhiro Kiyotaki

Paper: “Global Spillovers and Monetary Policy Transmission in India” Michael D. Patra Sitikantha Pattanaik Joice John Harendra Kumar Behera Reserve Bank of India

Discussant: Soumya Kanti Ghosh, Chief Economic Advisor, SBI.

12.15 pm:        Vote of Thanks

12.30 pm:        Lunch