Monetary Economics Program Meeting
Organized by Amir Kermani and Matthew Rognlie
October 31, 2025
Federal Reserve Bank of San Francisco, Yellen Conference Center, First Floor, 101 Market Street, San Francisco, CA
Format: 20 minutes each for the author, discussant, and audience q&a.
Thursday, October 30
6:30 pm
Group Dinner at Perbacco
230 California Street, San Francisco
Friday, October 31
8:30 am
Continental Breakfast
9:00 am

The Postpandemic U.S. Immigration Surge: New Facts and Inflationary Implications

Anton Cheremukhin, Federal Reserve Bank of Dallas
Sewon Hur, Federal Reserve Bank of Dallas
Ronald R. Mau, Federal Reserve Bank of Dallas
Karel Mertens, Federal Reserve Bank of Dallas
Alexander W. Richter, Federal Reserve Bank of Dallas
Xiaoqing Zhou, Federal Reserve Bank of Dallas

Discussant:
Antoine B. Levy, University of California, Berkeley
10:00 am
Break
10:15 am

Global Networks, Monetary Policy and Trade

Ṣebnem Kalemli-Özcan, Brown University and NBER
Can Soylu, Brown University
Muhammed A. Yildirim, Harvard University

Discussant:
Saroj Bhattarai, University of Texas at Austin
11:15 am
Break
11:30 am

Monetary Policy without an Anchor

Luigi Bocola, Stanford University and NBER
Alessandro Dovis, University of Pennsylvania and NBER
Kasper Jørgensen, European Central Bank
Rishabh Kirpalani, University of Wisconsin - Madison

Discussant:
William Witheridge, University of Maryland, College Park
12:30 pm
Lunch - Market Street Dining Room (4th floor)
1:30 pm

Selective Inattention to Interest Rates

Pierfrancesco Mei, Harvard University
Tim de Silva, Stanford University

Discussant:
Chen Lian, University of California, Berkeley and NBER
2:30 pm
Break
2:45 pm

How Steep is the Phillips Curve in Developing Economies? A Sufficient Statistics Approach and Estimates for India

Juan Herreño, University of California, San Diego
Noémie Pinardon-Touati, Columbia University
Malte Maxim. Thie, Paris Dauphine

Discussant:
Kunal Sangani, Northwestern University
3:45 pm
Break
4:00 pm

How Curvy is the Phillips Curve?

Philip Bunn, Bank of England
Nicholas Bloom, Stanford University and NBER
Lena Anayi, Bank of England
Gregory Thwaites, University of Nottingham
Paul Mizen, King's College London
Ivan Yotzov, Bank of England

Discussant:
Yuriy Gorodnichenko, University of California, Berkeley and NBER
5:00 pm
Adjourn