SI 2023 Impulse and Propagation Mechanisms
Organized by Lawrence Christiano and Martin S. Eichenbaum
July 10-14, 2023
Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA and zoom.us
Monday, July 10
9:00 am
Coffee and Pastries
9:30 am

Optimal Monetary Policy with r*<0 (slides)

Roberto M. Billi, Sveriges Riksbank
Jordi Galí, Center for Research in International Economics and NBER
Anton Nakov, European Central Bank
10:15 am

Investment, Savings and Aggregate Demand: Is Monetary Policy Enough?

Gauti B. Eggertsson, Brown University and NBER
Manuel Lancastre, Brown University
Lawrence H. Summers, Harvard University and NBER
11:00 am
Break
11:15 am

Competition and the Phillips Curve (slides)

Ippei Fujiwara, Keio University
Kiminori Matsuyama, Northwestern University
12:00 pm

A Model of Credit, Money, Interest, and Prices

Saki Bigio, University of California, Los Angeles and NBER
Yuliy Sannikov, Stanford University
12:45 pm
Lunch
Tuesday, July 11
9:00 am
Coffee and Pastries
9:30 am

Downward Nominal Rigidities and Bond Premia (slides)

François Gourio, Federal Reserve Bank of Chicago
Phuong Ngo, Cleveland State University
10:15 am

Expectations and Credit Slumps (slides)

Antonio Falato, Federal Reserve Board of Governors
Jasmine Xiao, University of Notre Dame
11:00 am
Break
11:15 am

Consumer Bankruptcy as Aggregate Demand Management

Adrien Auclert, Stanford University and NBER
Kurt Mitman, CEMFI
12:00 pm

In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis

Xavier Gabaix, Harvard University and NBER
Ralph S. J. Koijen, University of Chicago and NBER
12:45 pm
Lunch
Wednesday, July 12
9:00 am
Coffee and Pastries
9:30 am

Prices vs. Quantities: A Macroeconomic Analysis

Joel P. Flynn, Yale University and NBER
George Nikolakoudis, Princeton University
Karthik Sastry, Princeton University and NBER
10:15 am

Helicopter Drops and Liquidity Traps (slides)

Manuel Amador, University of Minnesota and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis
11:00 am
Break
11:15 am

Bonus Question: Does Flexible Incentive Pay Dampen Unemployment Fluctuations?

Meghana Gaur, Princeton University
John R. Grigsby, Princeton University and NBER
Jonathon Hazell, London School of Economics and Political Science (LSE)
Abdoulaye Ndiaye, New York University
12:00 pm

Wage Price Spirals (slides)

Guido Lorenzoni, University of Chicago and NBER
Iván Werning, Massachusetts Institute of Technology and NBER
12:45 pm
Lunch
Thursday, July 13
9:00 am
Coffee and Pastries
9:30 am

Technological Synergies, Heterogenous Firms, and Idiosyncratic Volatility

Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Yang Yu, Shanghai Jiao Tong University
Francesco Zanetti, University of Oxford
10:15 am

Price Rigidities in U.S. Business Cycles (slides)

Camilo Morales-Jimenez, Federal Reserve Board of Governors
Luminita Stevens, University of Maryland, College Park
11:00 am
Break
11:00 am
Break
11:15 am

Firms, Failures, and Fluctuations: The Macroeconomics of Supply Chain Disruptions

Daron Acemoglu, Massachusetts Institute of Technology and NBER
Alireza Tahbaz-Salehi, Northwestern University
12:00 pm

What Drives Inflation? Lessons from Disaggregated Price Data

Elisa Rubbo, University of Chicago and NBER
12:45 pm
Lunch
Friday, July 14
9:00 am
Coffee and Pastries
9:30 am

On the Size of Stimulus Checks: How Much is Too Much?

Martin Beraja, University of California, Berkeley and NBER
Nathan Zorzi, Dartmouth College
10:15 am

Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach (slides)

Hassan Afrouzi, Columbia University and NBER
Saroj Bhattarai, University of Texas at Austin
11:15 am

Oil Price, Monetary Policy and Inflation Surges

Luca Gagliardone, Yale University
Mark Gertler, New York University and NBER
12:00 pm

Some Like It Hot: Inclusive Monetary Policy Under Okun’s Hypothesis

Giovanni L. Violante, Princeton University and NBER
Felipe Alves, Bank of Canada
12:45 pm
Lunch