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Pacific Northwest Regional Economic Conference...since 1966


The 2008 PNREC - FRBSF
Multi-University Symposium

(Complementary with Your Registration to PNREC)

  You are most welcome to join with us and observe a dialogue and debate about the current challenges facing Chairman Ben Bernanke and his colleagues who serve on the nation's most important monetary policymaking body, the Federal Open Market Committee (FOMC).

  We are delighted to have economics faculty and students of 8 universities from across the Pacific Northwest participating in our 2008 PNREC - FRBSF Multi-University Symposium. And, it is our great pleasure to have the President and CEO of the Federal Reserve Bank of San Francisco, Dr. Janet Yellen, joining and participating with the Pacific Northwest's finest young economics majors and scholars in this forum. For many of us this promises to be truly a most memorable occasion.

  This activity entails the involvement and participation of only students, their respective faculty advisors and participating guests from the Federal Reserve Bank of San Francisco.

  The purpose of the University Symposium is to educate undergraduate students about the functions of the Federal Reserver System using dynamic exercises and student involvement. Federal Reserve representatives will deliver presentations on the monetary policy, banking supervision and regulation, and operations functions through the course of the Symposium. A number of students will participate in the role of the Fed's Federal Open Market Commitee (FOMC) when it evaluates the economy and makes monetary policy decisions. Selected students will analyze current economic conditions, discuss monetary policy alternatives, and vote on a monetary policy directive, much as the FOMC does.


Special fee for students & faculty who wish only
to attend & observe this event on Wednesday afternoon: $12
Special online registration for $12 available here.

Participating Student Registration Fee: $70
Participating Faculty Registration Fee: $270
(Fees above include registration for entire conference)
Online registration available here.

Organizational Planning Conference Call Schedule:
For Faculty - 3pm, March 19th, 2008
Phone: (Forthcoming)
For Students & Faculty - 3pm, April 2nd, 2008
Phone: (Forthcoming)
Resources
University Symposium Symposium Guide Federal Reserve and Other Economic Resources Federal Reserve - Main Website "Being an Economist in Washington and California" by Janet L. Yellen
(See Page 8 - Courtesy of & Thanks to Dr. Chris Loucks)

Prospective Agenda


12:00 - 1:00 PM

Greeting & Welcome
Gary Smith, PNREC President
Paul Storer, Western Washington University, Economics Department Chair
Gary Zimmerman, Federal Reserve Bank of San Francisco


1:00 - 1:10 PM

Welcome & Introductions
Gary Smith, PNREC President
Paul Storer, Western Washington University, Economics Department Chair


1:10 - 1:40 PM

Purposes & Functions of the Fed
Mark A. Gould
Senior Vice President and Branch Manager
Seattle Branch, Federal Reserve Bank of San Francisco


1:40 - 2:45 PM

Behind the Scenes at an FOMC Meeting
Q & A for Dr. Yellen
Dr. Janet Yellen, President & CEO , Federal Reserve Bank of San Francisco


2:45 - 3:15 PM

Refreshment Break


3:15 - 3:45 PM

The FRB-SF Economic Outlook & Forecast
Gary Zimmerman & Yelena Takhtamanova, Economists, Economic Research & Public Information


3:45 - 4:55 PM

Student FOMC Simulation & Policy Vote
Gary Zimmerman & Student Participants

  • Economic Briefing
  • FOMC Member go-around
  • Vote on Policy Directive
  • Student FOMC Simulation Participants:

    Western Washington University Chairman Ben Bernanke
    Boise State University Vice Chairman, Donald L. Kohn
    Univeristy of Puget Sound Governor Frederic S. Mishkin
    Central Washington University President Timothy F. Geithner
    Seattle University President Janet L. Yellen
    Pacific Lutheran University President Richard W. Fisher
    Eastern Washington University Governor Randall Kroszner
    St. Martin's University President Thomas M. Hoenig

    FOMC Research Team Members:

    Saint Martin's University
    Faculty Advisors: Dr. Heather Grob & Dr. Riley Moore
    Team Members: Jessica Sterling, Bill Louchren, Xinwei (Sam) Qin,
    Michelle Davison, Daniel Thorson, Kathryn Fee, Quinton Mitchell

    Central Washington University
    Faculty Advisors: Dr. Charles Wassel, Dr. Richard Mack & Thomas Tenerelli
    Team Members: Caleb Ledford, Aaron Sellsted, Andrew Whittall,
    Nick Loveless, Thomas Orr, Sara Simmons

    University of Puget Sound
    Faculty Advisors: Dr. Douglas Goodman & Dr. Ross Singleton
    Team Members: Jon J Bond, Alison L. Markette,
    Lance K. Watanabe, Kevin G. Watkins

    Eastern Washington University
    Faculty Advisors: Dr. Grant Forsyth & Dr. Genevieve Briandt
    Team Members: Risa Takenaka, Lucas McIntyre, Cliff Roberts, Becky Nations

    Seattle University
    Faculty Advisors: Dr. Chirs Weber & Dr. Dean Peterson
    Team Members: Matthew Barger, Samantha Galvin,
    Sean Klosterman, Genevieve Pickart, Aaman Wali

    Western Washington University
    Faculty Advisor: Dr. Paul Storer
    Team Members: William Costello, Josh Gentle, Noah Hammarlund, Ian Hahn,
    Arthur Nez, Kit Radosevich, Michael Stewart

    Pacific Lutheran University
    Faculty Advisors: Dr. Jawad Salimi & Dr. Karen Travis
    Team Members: Amy Spieker, Nathan Tuininga, Justin Peterson,
    Andrew Gardner, Kelby May

    Boise State University
    Faculty Advisors: Dr. Chris Loucks & Dr. Don Holley
    Team Members: Adam Vergne, Nathaniel Clayville, Mandy Morrison


    4:55 - 5:25 PM

    Debriefing & Participants' Questions
    Dr. Janet Yellen, President & CEO , Federal Reserve Bank of San Francisco


    5:25 - 5:30 PM

    Closing
    Gary Smith, PNREC President
    Gary Zimmerman & Yelena Takhtamanova, Economists, Economic Research & Public Information


    5:30 - 6:00 PM

    Break


    6:00 - 8:00 PM

    Reception and/or the "Bernanke Social"


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