SI 2018 Monetary Economics
Organized by Anil K Kashyap and Joseph S. Vavra
July 9-13, 2018
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA
Monday, July 9
12:00 n
Lunch
1:00 pm

Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data (slides)

John Grigsby, Princeton University and NBER
Erik Hurst, University of Chicago and NBER
Ahu Yildirmaz, Automatic Data Processing
1:50 pm

Posted Wage Rigidity

Jonathon Hazell, London School of Economics and Political Science (LSE)
Bledi Taska, SkyHive
2:40 pm
Break
3:00 pm

Price Selection

Carlos Carvalho, Kapitalo Investimentos and PUC-Rio
Oleksiy Kryvtsov, Bank of Canada
3:50 pm

Can Sticky Quantities Explain Export Insensitivity to Exchange Rates?

Doireann Fitzgerald, Federal Reserve Bank of Minneapolis
Yaniv Yedid-Levi, Interdisciplinary Center (IDC) Herzliya
Stefanie Haller, University College Dublin
4:40 pm
Celebration of Christina and David Romer's Leadership of the NBER Monetary Economics Program
5:00 pm
Adjourn
Tuesday, July 10
12:00 n
Lunch
1:00 pm

Central Bank Swap Lines

Saleem A. Bahaj, University College London
Ricardo Reis, London School of Economics and Political Science (LSE)
1:55 pm
Break
2:05 pm

Deconstructing Monetary Policy Surprises - The Role of Information Shocks

Marek Jarociński, European Central Bank
Peter Karadi, European Central Bank
3:00 pm
Break
3:15 pm

Monetary Policy and Asset Valuation

Francesco Bianchi, Johns Hopkins University and NBER
Martin Lettau, University of California, Berkeley and NBER
Sydney C. Ludvigson, New York University and NBER
4:10 pm
Adjourn
Wednesday, July 11
Financial Crisis@10, West Tower Ballroom
6:00 pm
Clambake at the Royal Sonesta Hotel
Thursday, July 12
12:00 n
Lunch
1:00 pm

Monetary Transmission through Shadow Banks

Kairong Xiao, Columbia University and NBER
1:50 pm

A Theoretical Model of Leaning Against the Wind

Franklin Allen, Imperial College London
Gadi Barlevy, Federal Reserve Bank of Chicago
Douglas Gale, New York University
2:40 pm
Break
3:00 pm

A Model of Cryptocurrencies

Michael Sockin, University of Texas at Austin
Wei Xiong, Princeton University and NBER
3:50 pm

The Economic Limits of Bitcoin and the Blockchain

Eric Budish, University of Chicago and NBER
4:40 pm
Adjourn
Friday, July 13
12:00 n
Lunch
1:00 pm

Banks as Patient Lenders: Evidence from a Tax Reform

Elena Carletti, Bocconi University
Filippo De Marco Vasso P. Ioannidou, City University of London
Enrico Sette, Banca d'Italia
1:55 pm
Break
2:05 pm

Income Inequality, Financial Crises and Monetary Policy

Jae Sim, Federal Reserve Board of Governors
Isabel Cairó Blanco, Board of Governors of the Federal Reserve System
3:00 pm
Break
3:15 pm

Housing Wealth Effects: The Long View

Adam Guren, Boston University and NBER
Alisdair McKay, Federal Reserve Bank of Minneapolis
Emi Nakamura, University of California, Berkeley and NBER
Jón Steinsson, University of California, Berkeley and NBER
4:10 pm
Adjourn