40th Annual Conference on Macroeconomics
Organized by John V. Leahy and Valerie A. Ramey
April 10-11, 2025
Royal Sonesta Hotel, Room Longfellow BC, 40 Edwin H. Land Blvd., Cambridge, MA
Format: Authors and discussants each have 20 minutes for their presentations. Remaining 15 minutes will be for Q&A.
Thursday, April 10
1:30 pm

Putting Economics Back into Geoeconomics

Christopher Clayton, Yale University and NBER
Matteo Maggiori, Stanford University and NBER
Jesse Schreger, Columbia University and NBER

Discussants:
Jeffry Frieden, Columbia University
Thierry Mayer, Sciences Po
2:45 pm
Break
3:15 pm
Panel: The Steep Decline in Global Fertility: Causes and Consequences
Moderator: Valerie Ramey, Stanford University and NBER
Panelists:
Jésus Fernandez-Villaverde, University of Pennsylvania and NBER
Michael Geruso, University of Texas at Austin and NBER
Claudia Goldin, Harvard University and NBER
Jeanne Lafortune, Pontificia Universidad Catolica de Chile
4:45 pm
Break
5:00 pm
Guest Speaker:
Olivier Blanchard, Peterson Institute for International Economics and NBER
(paper)
6:00 pm
Reception and Group Dinner - Room University BC
Friday, April 11
8:30 am
Continental Breakfast
9:00 am

Local Projections or VARs? A Primer for Macroeconomists

José Luis Montiel Olea, Cornell University
Mikkel Plagborg-Møller, Princeton University
Eric Qian, Princeton University
Christian K. Wolf, Massachusetts Institute of Technology and NBER

Discussants:
Christiane Baumeister, University of Notre Dame and NBER
Òscar Jordà, Federal Reserve Bank of San Francisco
10:15 am
Break
10:30 am

Tradeoffs and Sacrifice over Rate Cycles: Activity, Inflation and the Price Level (slides)

Kristin Forbes, Massachusetts Institute of Technology and NBER
Jongrim Ha, The World Bank
M. Ayhan Kose, The World Bank

Discussants:
Lucrezia Reichlin, London Business School
Mark W. Watson, Princeton University and NBER
11:45 am
Break
12:00 pm

Credit Scores and Inequality Across the Life Cycle (slides)

Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
Dean Corbae, University of Wisconsin - Madison and NBER
Kyle P. Dempsey, The Ohio State University
José-Víctor Ríos-Rull, University of Pennsylvania and NBER

Discussants:
Stefania Albanesi, University of Miami and NBER
Kyle F. Herkenhoff, University of Minnesota and NBER
1:15 pm
Adjourn and Lunch - Room Skyline DE