
	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, 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, Brown University Christopher Gibbs, University of Sydney Bruce Preston, University of Melbourne
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 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 Maximilian University of 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 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 Notre Dame Benjamin Born, Frankfurt School of Finance and Management Olga Goldfayn-Frank, Deutsche Bundesbank Georgi Kocharkov, Deutsche Bundesbank Ralph Luetticke, University of Tuebingen Michael Weber, University of Chicago 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, City University of Hong Kong 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, CREI and NBER
12:15 pm	Lunch

Participants

Andrea Ajello, Federal Reserve Board
Michelle Alexopoulos, University of Toronto
George-Marios Angeletos, Northwestern University and NBER
S. Borağan Aruoba, University of Maryland and NBER
Guido Ascari, University of Pavia
Ruediger Bachmann, University of Notre Dame
Marco Bassetto, Federal Reserve Bank of Minneapolis
David W. Berger, Duke University and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis
Luigi Bocola, Stanford University and NBER
Frederic Boissay, Bank for International Settlements
Benjamin Born, Frankfurt School of Finance and Management
Anton Braun, GRIPS
Lawrence Christiano, Northwestern University and NBER
Fernando Cirelli, Columbia University
James Cloyne, University of California, Davis and NBER
John Coglianese, Federal Reserve Board of Governors
Olivier Coibion, University of Texas at Austin and NBER
Nicolas Crouzet, Northwestern University
Davide Debortoli, Universitat Pompeu Fabra
Marco Del Negro, Federal Reserve Bank of New York
Ian Dew-Becker, Federal Reserve Bank of Chicago
Martin S. Eichenbaum, Northwestern University and NBER
Christopher Erceg, International Monetary Fund
Stefano Eusepi, Brown University
Nicolo Maffei Faccioli, Norges Bank
Joel P. Flynn, Yale University
Francesco Furlanetto, Norges Bank
Xavier Gabaix, Harvard University and NBER
Jordi Galí, CREI and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Xinfen Han, Bank of Canada
Daisuke Ikeda, Bank of Japan
Cosmin L. Ilut, Duke University and NBER
Priit Jeenas, Universitat Pompeu Fabra
Òscar Jordà, Federal Reserve Bank of San Francisco
Katya Kartashova, Bank of Canada
Shinnosuke Katsuki, Bank of Japan
Rohan Kekre, University of Chicago and NBER
Georgi Kocharkov, Deutsche Bundesbank
Marcin Kolasa, International Monetary Fund
Oleksiy Kryvtsov, Bank of Canada
Deepak Kumar, Reserve Bank of India
André Kurmann, Drexel University

Diego R. Känzig, Northwestern University and NBER
Moritz Lenel, Princeton University and NBER
Chen Lian, University of California, Berkeley and NBER
Yueran Ma, University of Chicago and NBER
Iourii Manovskii, University of Pennsylvania and NBER
Joseba Martinez, London Business School
Kostas Mavromatis, Dutch Central Bank
Césaire Meh, World Bank Group
Leonardo Melosi, University of Warwick
David S. Miller, Federal Reserve Board
Pooya Molavi, Northwestern University
Maria Olsson, BI Norwegian Business School
Jacob Orchard, Federal Reserve Board
Christina Patterson, University of Chicago and NBER
Thomas Philippon, New York University and NBER
Bruce Preston, University of Melbourne
Giorgio Primiceri, Northwestern University and NBER
Zhesheng Qiu, City University of Hong Kong
Valerie A. Ramey, Stanford University and NBER
Matthew Rognlie, Northwestern University and NBER
Indrajit Roy, Reserve Bank of India
José-Víctor Ríos-Rull, University of Pennsylvania and NBER
Karthik Sastry, Princeton University and NBER
Alp Simsek, Yale University and NBER
Luminita Stevens, University of Maryland
Paolo Surico, London Business School
Lars E.O. Svensson, Stockholm School of Economics and NBER
Eric T. Swanson, University of California, Irvine and NBER
Andrea Tambalotti, Amazon
Laura Veldkamp, Columbia University and NBER
Robert J. Vigfusson, Amazon
Karl Walentin, Uppsala University
Michael Weber, University of Chicago and NBER
Iván Werning, Massachusetts Institute of Technology and NBER
Mirko Wiederholt, Ludwig Maximilian University of Munich
Johannes Wieland, University of California, San Diego and NBER
Thomas Winberry, University of Pennsylvania and NBER
Johannes Wohlfart, University of Cologne
Ella Wold, BI Norwegian Business School.
Christian K. Wolf, Massachusetts Institute of Technology and NBER
Eran Yashiv, Tel Aviv University
Pawel Zabczyk, International Monetary Fund
Francesco Zanetti, University of Oxford
Xu Zhang, Bank of Canada