International Seminar on Macroeconomics
Organized by Jordi Galí and Kenneth D. West
June 4-5, 2024
Bank for International Settlements, Centralbahnplatz 2, 4051 Basel, Switzerland (Tower building, headquarters)
FORMAT: 25 minutes for the author, 15 minutes per discussant, final 20 minutes for general discussion.
Tuesday, June 4
Local Map
Local Information
How to get to the BIS
Welcome Coffee
Opening Remarks
10:00 am

Inequality and Optimal Monetary Policy in the Open Economy (slides)

Sushant Acharya, University of Melbourne
Edouard Challe, Paris School of Economics and CEPR

Discussants:
Tommaso Monacelli, Bocconi University
Federica Romei, University of Oxford
11:15 am

Do Investor Differences Impact Monetary Policy Spillovers to Emerging Markets?

Ester Faia, Goethe University Frankfurt
Karen K. Lewis, University of Pennsylvania and NBER
Haonan Zhou, The University of Hong Kong (HKU)

Discussants:
Bryan Hardy, Bank for International Settlements
Jose Luis Peydro, Luiss University
Lunch
1:30 pm

Drivers of the Global Financial Cycle (slides)

John Rogers, Fudan University
Bo Sun, University of Virginia
Wenbin Wu, Fudan University

Discussants:
Stephane Dees, Banque de France
Ozge Akinci, Federal Reserve Bank of New York
Break
3:00 pm

Monetary Unions with Heterogeneous Fiscal Space

Marco Bellifemine, London School of Economics and Political Science (LSE)
Adrien Couturier, London School of Economics and Political Science (LSE)
Rustam Jamilov, All Souls College

Discussants:
José-Elías Gallegos, Banco de España
Cristina Manea, Bank for International Settlements
4:15 pm

Demographics and Real Interest Rates Across Countries and Over Time

Carlos Carvalho, Kapitalo Investimentos and PUC-Rio
Andrea Ferrero, University of Oxford
Felipe R. Mazin, University of Pennsylvania
Fernanda Nechio, Federal Reserve Bank of San Francisco

Discussants:
Phurichai Rungcharoenkitkul, Bank for International Settlements
Henrique Basso, Banco de España
Adjourn
Dinner at Restaurant Krafft, Rheingasse 12, 4058 Basel

Speaker: Andrea M. Maechler, BIS Deputy General Manager
Wednesday, June 5
Welcome Coffee
9:30 am

Global Banking and Macroeconomic Stability. Liquidity, Control, and Monitoring

Elton Beqiraj, Sapienza University of Rome
Qingqing Cao, Michigan State University
Ralph De Haas, EBRD
Raoul Minetti, Michigan State University

Discussants:
Juan Martin Morelli, Federal Reserve Bank of New York
Robert Kollmann, Université Libre de Bruxelles
Break
11:00 am

Reshoring, Automation, and Labor Markets under Trade Uncertainty

Hamid Firooz, Federal Reserve Bank of San Francisco
Sylvain Leduc, Federal Reserve Bank of San Francisco
Zheng Liu, Federal Reserve Bank of San Francisco

Discussants:
Federico Mandelman, Federal Reserve Bank of Atlanta
Eugenia Gonzalez-Aguado, Toulouse School of Economics
12:15 pm

Regional Trade Policy Uncertainty

Céline Poilly, AMSE, Aix-Marseille University
Fabien Tripier, Universite Paris Dauphine, LEDa, & CEPREMAP

Discussants:
Andrea Raffo, Federal Reserve Bank Minneapolis
Joseph B. Steinberg, University of Toronto and NBER
Lunch and Adjourn
Emergency Contact:
Gemma Schneider
med_secretariat@bis.org
Dress Code: Business casual for men and women (no ties needed)