
	Monday, July 8
12:00 pm	Lunch
	Joint session with ME in Charles Room
1:00 pm	Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model Adrien Auclert, Stanford University and NBER Matthew Rognlie, Northwestern University and NBER Ludwig Straub, Harvard University and NBER
2:00 pm	Break
2:30 pm	Unbundling of Quantitative Easing: Taking a Cue from Treasury Auctions (slides) Yuriy Gorodnichenko, University of California, Berkeley and NBER Walker Ray, London School of Economics
3:30 pm	Firm Debt Covenants and the Macroeconomy: The Interest Coverage Channel (slides) Daniel Greenwald, New York University and NBER
4:30 pm	Adjourn
	Tuesday, July 9
8:30 am	Coffee and Pastries
	Tuesday in University BC Room
9:00 am	Entry Costs and the Macroeconomy Germán Gutiérrez, University of Washington Thomas Philippon, New York University and NBER Callum J. Jones, Federal Reserve Board
10:00 am	Break
10:15 am	Productivity and Misallocation in General Equilibrium David R. Baqaee, University of California, Los Angeles and NBER Emmanuel Farhi, Harvard University
11:15 am	Break
11:30 am	Firm Wages in a Frictional Labor Market Leena Rudanko, Federal Reserve Bank of Philadelphia
12:30 pm	Adjourn and Lunch
	Wednesday, July 10
8:30 am	Coffee and Pastries
	Wednesday in University BC Room
9:00 am	Noisy Memory and Over-Reaction to News Michael Woodford, Columbia University and NBER Rava Azeredo da Silveira, Ecole Normale Superieure Yeji Sung, Federal Reserve Bank of San Francisco
10:00 am	Break
10:15 am	Short-Term Planning, Monetary Policy, and Macroeconomic Persistence (slides) Christopher Gust, Federal Reserve Board Edward P. Herbst, Federal Reserve Board David López-Salido, Federal Reserve Board
11:15 am	Break
11:30 am	Business Cycle Anatomy (slides) George-Marios Angeletos, Northwestern University and NBER Fabrice Collard, Toulouse School of Economics Harris Dellas, University of Bern
12:30 pm	Adjourn and Lunch
6:00 pm	Clambake at the Royal Sonesta Hotel
	Thursday, July 11
8:30 am	Coffee and Pastries
	Thursday meeting in Parkview Room
9:00 am	A Risk-centric Model of Demand Recessions and Macroprudential Policy Ricardo J. Caballero, Massachusetts Institute of Technology and NBER Alp Simsek, Yale University and NBER
10:00 am	Break
10:15 am	Monetary Independence and Rollover Crises (slides) Javier Bianchi, Federal Reserve Bank of Minneapolis Jorge Mondragon, University of Minnesota
11:15 am	Break
11:30 am	The Channels of Financial Distress During the Great Recession: Some Evidence on the Aggregate Effects Mark Gertler, New York University and NBER Simon Gilchrist, New York University and NBER
12:30 pm	Adjourn and Lunch
	Friday, July 12
8:30 am	Coffee and Pastries
	Friday meeting in Parkview Room
9:00 am	Do Managerial Forecasting Biases Matter? Yueran Ma, University of Chicago and NBER Tiziano Ropele, Bank of Italy David Sraer, University of California, Berkeley and NBER David Thesmar, Massachusetts Institute of Technology and NBER
10:00 am	Break
10:15 am	A Theory of Housing Demand Shocks Zheng Liu, Federal Reserve Bank of San Francisco Pengfei Wang, Peking University Tao Zha, Emory University and NBER
11:15 am	Break
11:30 am	The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Federal Reserve Bank of Boston Jordi Galí, CREI and NBER Herve Le Bihan, Banque de France Julien Matheron, Banque de France
12:30 pm	Adjourn and Lunch

Participants

Andrea Ajello, Federal Reserve Board
Philippe Andrade, Federal Reserve Bank of Boston
George-Marios Angeletos, Northwestern University and NBER
Guido Ascari, University of Pavia
Adrien Auclert, Stanford University and NBER
Şenay Ağca, George Washington University
ChaeWon Baek, Tufts University
David Baqaee, University of California, Los Angeles and NBER
Paul Beaudry, University of British Columbia and NBER
Drago Bergholt, Norges Bank
Javier Bianchi, Federal Reserve Bank of Minneapolis
Ricardo J. Caballero, Massachusetts Institute of Technology and NBER
Ambrogio Cesa-Bianchi, Bank of England
Vu T. Chau, International Monetary Fund
Lawrence Christiano, Northwestern University and NBER
James Cloyne, University of California, Davis and NBER
Olivier Coibion, University of Texas at Austin and NBER
Nicolas Crouzet, Northwestern University
Davide Debortoli, Universitat Pompeu Fabra
Martin S. Eichenbaum, Northwestern University and NBER
Francesco Furlanetto, Norges Bank
Xavier Gabaix, Harvard University and NBER
Jordi Galí, CREI and NBER
Mark Gertler, New York University and NBER
Marc P. Giannoni, Barclays Corporate and Investment Bank
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Christopher Gust, Federal Reserve Board
Sinem Hacioglu, Bank of England
Edward P. Herbst, Federal Reserve Board
Juan Herreño, University of California, San Diego
Tom D. Holden, Deutsche Bundesbank
Callum J. Jones, Federal Reserve Board
Andreas Joseph, Bank of England
Chen Lian, University of California, Berkeley and NBER
Zheng Liu, Federal Reserve Bank of San Francisco

Marco Lombardi, Bank for International Settlements
David López-Salido, Federal Reserve Board
Yueran Ma, University of Chicago and NBER
Matteo Maggiori, Stanford University and NBER
Riccardo Masolo, Catholic University, Milan
Knut A. Mork, Norwegian University of Science and Technology
Toshiaki Ogawa, Bank of Japan
Pablo Ottonello, University of Maryland and NBER
Ernesto Pastén, Central Bank of Chile
Assaf Patir, Hebrew University
Toan Phan, Federal Reserve Bank of Richmond
Thomas Philippon, New York University and NBER
Bruce Preston, University of Melbourne
Giorgio Primiceri, Northwestern University and NBER
Marianna Riggi, Bank of Italy
Leena Rudanko, Federal Reserve Bank of Philadelphia
Alp Simsek, Yale University and NBER
Ludwig Straub, Harvard University and NBER
Eric T. Swanson, University of California, Irvine and NBER
Yuta Takahashi, Hitotsubashi University
Andrea Tambalotti, Amazon
Alan M. Taylor, Columbia University and NBER
David Thesmar, Massachusetts Institute of Technology and NBER
Isabel Vansteenkiste, European Central Bank
Venky Venkateswaran, New York University and NBER
Shingo Watanabe, Bank of Japan
Michael Weber, University of Chicago and NBER
Jonathan Willis, Federal Reserve Bank of Atlanta
Thomas Winberry, University of Pennsylvania and NBER
Arlene Wong, Princeton University
Michael Woodford, Columbia University and NBER
Eran Yashiv, Tel Aviv University
James Yetman, Bank for International Settlements
Luca Zavalloni, Bank of Ireland
Tao Zha, Emory University and NBER