14 Comments
 

Depends on what she is speaking about. Mishkin once came to my class and had a strict policy of only answering questions topics directly related to his speech.

That said, don't ask something stupid and generic like "What is your outlook on the economy?" Something interesting might be: "How do you think the dual mandate of the Federal Reserve (controlling inflation and encouraging full employment) vs. the single mandate of the ECB (controlling inflation) have influenced the central bank response to the economic crises in the US and Europe?"

 

Rather than acting like a juvenile delinquent, pay attention to the speech and you'll naturally have questions. Take this opportunity to make some friends in high places as well. This is a small industry, start off on the right foot

Get busy living
 
hookedupOk well I am a newbie and we need to turn in a question before the speech and I don't know much about The Fed

In all seriousness ask them about Nominal GDP Targeting (NGDP) and if they think it is a viable policy response. There are a lot of rumors going around that the Fed's next round of easing will be in the form of NGDP Targetting.

 
JeffSkilling
hookedupOk well I am a newbie and we need to turn in a question before the speech and I don't know much about The Fed

In all seriousness ask them about Nominal GDP Targeting (NGDP) and if they think it is a viable policy response. There are a lot of rumors going around that the Fed's next round of easing will be in the form of NGDP Targetting.

Bernanke answered this question on TV a few weeks ago.
 

Interesting situation. If I were in your shoes, I'd have a pre-prepared series of questions that would expose the fools that these central bankers are. But to do this, you'll need a pretty good understanding of the topic yourself, as you'll likely have to respond/make changes to your plan on the spot.

Saying that, it's probably safer to stick to just an in individual question and watch and laugh as the official fucks up the answer.

  • Can you explain the differences between the American and European debt crises? And how does the American debt crisis compare to that of say, the UK or Japan?

Correct answer: The American, UK and Japanese "debt crises" are not crises at all, and are completely different to that of European countries. Countries operating under the Euro are not sovereign in their own currency, and therefore their government spending is constrained - that is, taxing the the issue of government securities funds their government spending. On the other hand, the US, UK and Japan all have non-convertible sovereign fiat currencies. In turn, government spending in these countries is unconstrained - that is, taxes and the issue of government securities does NOT fund government spending, but rather serve as inflationary and interest rate control respectively. While there are many more factors such as exchange rates and trade balances, this is the heart of the issue.

Her answer: What the media says.

 
Best Response
rpcashave a pre-prepared series of questions that would expose the fools that these central bankers are.
Don't do this. They will likely cut you to pieces verbally, and even if they choose not to you will look like an ass. If you're some retarded athlete or already influential you can go head to head with these people because you have nothing to lose, otherwise you will basically be 'that guy' that doesn't get invites anymore. If you are a ballbuster and get away with it, go for it, but if you're on here asking for a question to ask about the nation's central bank because you don't even know enough to HAVE a question.....sleep on it, you'll feel differently when you pass through secret service security on the way in.

In all honestly, these types of things are a great way for the little guy and newbies to meet very powerful people. You might get a rank and file number cruncher who isn't going to comment on the policy of their boss, or you could very well end up in a room with the head of the FED or the IMF, you just never know so mind your p's and q's. If you're cool, you might even get a chance to talk with them after the lecture, and if you have any intention of building a career in finance, such a conversation can be very useful. Make use of it.

"What do you think interest rates will do after 2014?" "What would you say to students who want to work at the FED?" etc...

Get busy living
 

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