SI 2022 Impulse and Propagation Mechanisms
Organized by Lawrence Christiano and Martin S. Eichenbaum
July 11-15, 2022
Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA and zoom.us
Monday, July 11
9:00 am
Coffee and Pastries
9:30 am

Gazing at r-star: A Hysteresis Perspective

Paul Beaudry, University of British Columbia and NBER
Katya Kartashova, Bank of Canada
Cesaire Meh, World Bank Group
10:15 am

Why Aging Induces Deflation and Secular Stagnation

Anton Braun, National Graduate Institute for Policy Studies (GRIPS)
Daisuke Ikeda, Bank of Japan
11:00 am
Break
11:15 am

FTPL Redux

George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER
Christian Wolf, Massachusetts Institute of Technology and NBER
12:00 pm

Monetary Policy Trade-offs at the Zero Lower Bound

Stefano Eusepi, University of Texas at Austin
Christopher Gibbs, The University of Sydney
Bruce Preston, University of New South Wales
12:45 pm
Lunch
Tuesday, July 12
8:30 am
Coffee and Pastries
9:00 am

Expectations and the Rate of Inflation (slides)

Iván Werning, Massachusetts Institute of Technology and NBER
9:45 am

Simple Models and Biased Forecasts

Pooya Molavi, Northwestern University
10:30 am
Break
10:45 am

A Monetary-Fiscal Theory of Sudden Inflations (slides)

David S. Miller, Federal Reserve Board of Governors
Marco Bassetto, Federal Reserve Bank of Minneapolis
11:30 am

The Effects of Monetary Policy: Theory with Measured Expectations

Christopher Roth, University of Cologne
Mirko Wiederholt, Ludwig-Maximilians-Universität Munich
Johannes Wohlfart, University of Cologne
12:15 pm
Lunch
Wednesday, July 13
8:30 am
Coffee and Pastries
9:00 am

Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates (slides)

Jacob Orchard, Federal Reserve Board of Governors
Valerie A. Ramey, Stanford University and NBER
Johannes Wieland, University of California, San Diego and NBER
9:45 am

Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden

John Coglianese, Federal Reserve Board of Governors
Maria Olsson, BI Norwegian Business School
Christina Patterson, University of Chicago and NBER
10:30 am
Break
10:45 am

A Temporary VAT Cut as Unconventional Fiscal Policy

Ruediger Bachmann, University of Michigan
Benjamin Born, University of Bonn
Olga Goldfayn-Frank, Deutsche Bundesbank
Georgi Kocharkov, Deutsche Bundesbank
Ralph Luetticke, University of Tübingen
Michael Weber, Purdue University and NBER
11:30 am

Short-Term Tax Cuts, Long-Term Stimulus (slides)

James Cloyne, University of California, Davis and NBER
Joseba Martinez, London Business School
Haroon Mumtaz, Queen Mary, University of London
Paolo Surico, London Business School
12:15 pm
Lunch
Thursday, July 14
8:30 am
Coffee and Pastries
9:00 am

Economic Winners Versus Losers and the Unequal Pandemic Recession

Mark Gertler, New York University and NBER
Fernando Cirelli, Columbia University
9:45 am

Tail Risk in Production Networks

Ian Dew-Becker, Federal Reserve Bank of Chicago
10:30 am
Break
10:45 am

More Than Words: Fed Chairs' Communication During Congressional Testimonies

Michelle Alexopoulos, University of Toronto
Xinfen Han, Bank of Canada
Oleksiy Kryvtsov, Bank of Canada
Xu Zhang, Bank of Canada
11:30 am

Procyclical Productivity in New Keynesian Models (slides)

Zhesheng Qiu, Hong Kong University of Science and Technology (HKUST)
José-Víctor Ríos-Rull, University of Pennsylvania and NBER
12:15 pm
Lunch
Friday, July 15
8:30 am
Coffee and Pastries
9:00 am

The Flight to Safety and International Risk Sharing

Rohan Kekre, University of Chicago and NBER
Moritz Lenel, Princeton University and NBER
9:45 am

Managing Monetary Tradeoffs in Vulnerable Open Economies

Tobias Adrian, International Monetary Fund
Christopher Erceg, International Monetary Fund
Marcin Kolasa, International Monetary Fund
Jesper Lindé, Sveriges Riksbank
Pawel Zabczyk, International Monetary Fund
10:30 am
Break
10:45 am

The Importance of Job Loss Risk for Individual Savings (slides)

Ragnar Juelsrud, Norges Bank
Ella Wold, BI Norwegian Business School
11:30 am

Idiosyncratic Income Risk and Aggregate Fluctuations

Davide Debortoli, Universitat Pompeu Fabra
Jordi Galí, Center for Research in International Economics and NBER
12:15 pm
Lunch