Carnegie-Rochester Conference on Public Policy "Distress in Credit Markets: Theory, Empirics, and Policy"

The November 2008 Carnegie-Rochester conference seeks to advance the theoretical and empirical understanding of the causes and consequences of the "credit crunch of 2007-8" with a view to assessing the extent to which monetary, banking, and regulatory policies may have helped to create the credit crunch, and the extent to which actual and contemplated policy responses might have helped or hindered the containment of the credit crunch and its negative macroeconomic consequences.