Economic Fluctuations and Growth Program Meeting
Organized by Luigi Bocola and Linda Tesar
February 27, 2026
Federal Reserve Bank of San Francisco, Yellen Conference Center, First Floor, 101 Market Street, San Francisco, CA
The format will be 20 minutes for the author, 20 minutes for the discussant, and 20 minutes for general discussion.
Thursday, February 26
6:30 pm
Group Dinner
Perbacco, 230 California Street, San Francisco
Friday, February 27
8:30 am
Continental Breakfast
9:00 am

Complete Pass-Through in Levels

Kunal Sangani, Northwestern University

Discussant:
Raphael Schoenle, Brandeis University
10:00 am
Break
10:15 am

Investment in Demand and Dynamic Competition for Customers

Joachim Hubmer, University of Pennsylvania
Lukas Nord, University of Pennsylvania

Discussant:
Andrés Drenik, University of Texas at Austin and NBER
11:15 am
Break
11:30 am

Idea Rents and Firm Growth

Timo Boppart, IIES, Stockholm University
Peter J. Klenow, Stanford University and NBER
Reiko Laski, Stanford University
Huiyu Li, Federal Reserve Bank of San Francisco

Discussant:
Nicolas Crouzet, Northwestern University
12:30 pm
Lunch
1:30 pm

Monopsony, Markdowns, and Minimum Wages

Ester Faia, Goethe University Frankfurt
Benjamin Lochner, Institute for Employment Research (IAB)
Benjamin Schoefer, University of California, Berkeley and NBER

Discussant:
Simon Mongey, Federal Reserve Bank of Minneapolis and NBER
2:30 pm
Break
2:45 pm

Aggregate Productivity with Heterogeneous Agents

David Baqaee, University of California, Los Angeles and NBER
Ariel Burstein, University of California, Los Angeles and NBER

Discussant:
Eduardo Dávila, Yale University and NBER
3:45 pm
Break
4:00 pm

Intergenerational Mobility and Credit

J. Carter Braxton, University of Wisconsin - Madison
Nisha Chikhale, University of Delaware
Kyle F. Herkenhoff, University of Minnesota and NBER
Gordon M. Phillips, Dartmouth College and NBER

Discussant:
Kurt Mitman, Institute for International Economic Studies
5:00 pm
Adjourn