Federal Reserve Bank of Kansas City: Difference between revisions

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 Since 1978,<ref>[http://www.kansascityfed.org/publications/research/escp/archive.cfm Economic Symposium Conference Proceedings | Federal Reserve Bank of Kansas City] {{webarchive|url=https://web.archive.org/web/20140929201047/http://kansascityfed.org/publications/research/escp/archive.cfm |date=2014-09-29 }}</ref><ref>{{Cite web |url=http://www.kc.frb.org/publications/research/escp/archive.cfm |title=Economic Symposium Conference Proceedings {{!}} Federal Reserve Bank of Kansas City |access-date=2014-08-24 |archive-url=https://web.archive.org/web/20140822190434/http://www.kc.frb.org/publications/research/escp/archive.cfm |archive-date=2014-08-22 }}</ref> the Kansas City Fed has held an annual economic policy symposium. From 1978&ndash;1981, it was held at different locations, and from 1982 it has been held in [[Jackson Hole]], Wyoming.<ref>{{cite web |url= http://usatoday30.usatoday.com/money/economy/fed/story/2012-08-30/federal-reserve-jackson-hole-history/57440674/1 |title=Why world markets focus on tiny Jackson Hole, Wyo. |first=Paul |last=Wiseman |date=30 August 2012 |work=USA Today |access-date=23 March 2013}}</ref> From 1978 to 1981 the symposia focused on agricultural economic issues.  Since 1981 topics have been more broad and the symposia have gotten broader attention.<ref>{{cite web |url=http://www.kc.frb.org/home/subwebnav.cfm?level=3&theID=10979&SubWeb=10660 |title=Jackson Hole Symposium - kc.frb.org - Retrieved August 22, 2009 |publisher=kc.frb.org |access-date=2011-11-16 |archive-url=https://web.archive.org/web/20090801034445/http://www.kc.frb.org/home/subwebnav.cfm?level=3&theID=10979&SubWeb=10660 |archive-date=August 1, 2009 }}</ref>
-In 2003 and 2005, papers were presented at the symposium that were critical of the status quo, and predicted problems with the unseen risks of derivatives. These ideas in these papers were rejected at the time, but later were seen as having predicted the [[2007–2008 financial crisis]].<ref name=rajan-prescient>{{cite news|last=Lahart|first=Justin|title=Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party|url=https://www.wsj.com/articles/SB123086154114948151|access-date=18 April 2010|newspaper=[[The Wall Street Journal]]}}</ref><ref name=oracles>{{cite news|last=Lahart|first=Justin|title=Ignoring the Oracles: You Are With the Free Markets, or Against Them|url=https://blogs.wsj.com/economics/2009/01/01/ignoring-the-oracles/tab/article|access-date=18 April 2010|newspaper=The Wall Street Journal}}</ref><ref name="spiegel09">{{cite web|author1=Beat Balzli |author2=Michaela Schiessl|title=The Man Nobody Wanted to Hear|url=http://www.spiegel.de/international/business/0,1518,635051,00.html|date=8 July 2009|publisher=Spiegel Online International}}</ref><ref name=warning1>{{cite web |author1=Claudio Borio |author2= William R White |title=Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes |website=Federal Reserve Bank of Kansas City |url=http://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf|access-date=3 November 2013|archive-date=18 May 2013|archive-url=https://web.archive.org/web/20130518021723/https://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf}}</ref><ref name=warning2>{{cite web|author=Rajan|title=Rajan specific 'warning' papers here (2005)|url=http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf|access-date=3 November 2013|archive-date=30 September 2013|archive-url=https://web.archive.org/web/20130930215918/http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf}}</ref>
+In 2003 and 2005, papers were presented at the symposium that were critical of the status quo, and predicted problems with the unseen risks of derivatives. These ideas in these papers were rejected at the time, but later were seen as having predicted the [[2007–2008 financial crisis]].<ref name=rajan-prescient>{{cite news|last=Lahart|first=Justin|title=Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party|url=https://www.wsj.com/articles/SB123086154114948151|access-date=18 April 2010|newspaper=The Wall Street Journal}}</ref><ref name=oracles>{{cite news|last=Lahart|first=Justin|title=Ignoring the Oracles: You Are With the Free Markets, or Against Them|url=https://blogs.wsj.com/economics/2009/01/01/ignoring-the-oracles/tab/article|access-date=18 April 2010|newspaper=The Wall Street Journal}}</ref><ref name="spiegel09">{{cite web|author1=Beat Balzli |author2=Michaela Schiessl|title=The Man Nobody Wanted to Hear|url=http://www.spiegel.de/international/business/0,1518,635051,00.html|date=8 July 2009|publisher=Spiegel Online International}}</ref><ref name=warning1>{{cite web |author1=Claudio Borio |author2= William R White |title=Whither Monetary and Financial Stability? The Implications of Evolving Policy Regimes |website=Federal Reserve Bank of Kansas City |url=http://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf|access-date=3 November 2013|archive-date=18 May 2013|archive-url=https://web.archive.org/web/20130518021723/https://www.kansascityfed.org/publicat/sympos/2003/pdf/Boriowhite2003.pdf}}</ref><ref name=warning2>{{cite web|author=Rajan|title=Rajan specific 'warning' papers here (2005)|url=http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf|access-date=3 November 2013|archive-date=30 September 2013|archive-url=https://web.archive.org/web/20130930215918/http://www.kansascityfed.org/publicat/sympos/2005/pdf/Rajan2005.pdf}}</ref>
 === Jackson Hole Consensus ===