Energy Markets and the Macroeconomy
Organized by Lint Barrage and James H. Stock
Supported by the Alfred P. Sloan Foundation
December 10-11, 2026
Royal Sonesta Hotel, 40 Edwin H. Land Blvd.,Cambridge, MA

Thursday, December 10

1:00 pm

Welcome and Introductions

1:15 pm

Geopolitical Oil Price Risk and Economic Fluctuations

Lutz Kilian, Federal Reserve Bank of Dallas
Michael Plante, Federal Reserve Bank of Dallas
Alexander W. Richter, Federal Reserve Bank of Dallas

2:15 pm

Gas Prices and the Macroeconomy

Daniele Colombo, London Business School
Francesco Toni, University Côte d'Azur

3:15 pm

Break

3:45 pm

Infrastructure Capacity, Risk, and Firm Value: Evidence from U.S. Electricity Tightness

Marcin Kacperczyk, Imperial College London
David Licher, Imperial College London

4:45 pm

Do Renewables Boost the Economy?

Koichiro Ito, The University of Chicago and NBER
Luis E. Gonzales, Central Bank of Chile
Mar Reguant, Northwestern University and NBER

5:45 pm

Adjourn

6:30 pm

Dinner

Friday, December 11

Adjourn

8:30 am

Breakfast

9:00 am

Climate Change, Production Networks, and Household Heterogeneity

Ghassane Benmir, IE University
Armon Rezai, Vienna University of Economics and Business (WU)
Josslin Roman, Paris School of Economics
Frederick van der Ploeg, University of Oxford

10:00 am

The Impact of Energy Price Shock on Jobs - a Structural Approach

Ralf Martin, London School of Economics and Political Science (LSE)
Costanza Tomaselli, Imperial College London

11:00 am

Break

11:30 am

The New Keynesian Climate Model

Jean-Guillaume Sahuc, Banque de France
Frank Smets, Bank for International Settlements
Gauthier Vermandel, Université Paris Dauphine-PSL

12:30 pm

Lunch

1:30 pm

On the Economics of Clean Energy Demonstration Projects

Gregory Casey, Williams College
Stephie Fried, Federal Reserve Bank of San Francisco

2:30 pm

Climbing the Energy Ladder: How Energy Resources Hinder, Facilitate, and Fuel Economic Growth

Derek Lemoine, University of Arizona and NBER