Friday, November 12

11:00 am

What Can Time-Series Regressions Tell Us About Policy Counterfactuals?

Alisdair McKay, Federal Reserve Bank of Minneapolis
Christian K. Wolf, Massachusetts Institute of Technology and NBER

Discussant:
Christiane Baumeister, University of Notre Dame and NBER

11:45 am

Blockchain Analysis of the Bitcoin Market

Igor Makarov, London School of Economics and Political Science (LSE)
Antoinette Schoar, Massachusetts Institute of Technology and NBER

Discussant:
Hyun Song Shin, Bank for International Settlements

12:30 pm

Discussions in breakout rooms

1:00 pm

Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden

John Coglianese, Federal Reserve Board of Governors
Maria Olsson, BI Norwegian Business School
Christina Patterson, University of Chicago and NBER

Discussant:
Pascal Paul, Federal Reserve Bank of San Francisco

1:45 pm

Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms

Cecilia R. Caglio, Federal Reserve Board of Governors
Matthew Darst, Federal Reserve Board of Governors
Ṣebnem Kalemli-Özcan, Brown University and NBER

Discussant:
Olivier Darmouni, Columbia University

2:30 pm

Discussions in breakout rooms

3:00 pm

Empirical Investigation of a Sufficient Statistic for Monetary Shocks

Fernando E. Alvarez, University of Chicago and NBER
Andrea Ferrara, Northwestern University
Erwan Gautier, Banque de France
Herve Le Bihan, Banque de France
Francesco Lippi, LUISS Guido Carli University

Discussant:
Raphael Schoenle, Brandeis University

3:45 pm

Average Inflation Targeting: Time Inconsistency and Intentional Ambiguity

Chengcheng Jia, Federal Reserve Bank of Cleveland
Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER

Discussant:
Andrew T. Levin, Dartmouth College and NBER

4:30 pm

Discussions in breakout rooms

5:00 pm

Adjourn