Monetary Economics Program Meeting
Organized by S. Borağan Aruoba and Daniel Greenwald
March 6, 2026
Federal Reserve Bank of New York, 33 Liberty Street, New York, NY
The format will be 20 minutes for the author, 20 minutes for the discussant, and 20 minutes for general discussion.

Thursday, March 5

6:30 pm

Group Dinner
Trinity Place, 115 Broadway, New York, NY

Friday, March 6

8:30 am

Continental Breakfast

9:00 am

Fiscal Inaction as Monetary Support

George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER
Christian K. Wolf, Massachusetts Institute of Technology and NBER

Discussant:
Marco Bassetto, Federal Reserve Bank of Minneapolis

10:00 am

Break

10:15 am

Rationing under Sticky Prices

Tom D. Holden, Deutsche Bundesbank

Discussant:
Oleksiy Kryvtsov, Bank of Canada

11:15 am

Break

11:30 am

The Interest Rate Elasticity of Investment: Micro Evidence and Macro Implications

Caleb K. Wroblewski, University of California, Berkeley

Discussant:
Thomas Drechsel, University of Maryland, College Park and NBER

12:30 pm

Lunch

1:30 pm

A New Reason to Hate Grocery Inflation: Measuring and Interpreting Inflation Heterogeneity

Kelsey O'Flaherty, Federal Reserve Board of Governors

Discussant:
Munseob Lee, University of California, San Diego

2:30 pm

Break

2:45 pm

Estimating the Missing Intercept

Christian Matthes, University of Notre Dame
Naoya Nagasaka, Indiana University
Felipe Schwartzman, Federal Reserve Bank of Richmond

Discussant:
Geert Mesters, Federal Reserve Bank of New York

3:45 pm

Break

4:00 pm

How Firms Form Beliefs and the Implications for Inflation

Robert Minton, Federal Reserve Board of Governors
Hugo Monnery, Harvard University

Discussant:
Hassan Afrouzi, Columbia University and NBER

5:00 pm

Adjourn