Monday, July 10
12:15 pm
Lunch
1:15 pm

Price Setting When Expectations Are Unanchored (slides)

Joao Ayres, Inter-American Development Bank
Marco Bonomo, Insper Institute of Education and Research
Carlos Carvalho, Kapitalo Investimentos and PUC-Rio
Stefano Eusepi, Brown University
Silvia Matos, IBRE, Getulio Vargas Foundation
Marina Perrupato, UCSD
Daniel Abib, University of Western Ontario
2:00 pm

Indirect Consumer Inflation Expectations: Theory and Evidence (slides)

Ina Hajdini, Federal Reserve Bank of Cleveland
Edward S. Knotek II, Federal Reserve Bank of Cleveland
John C. Leer, Morning Consult
Mathieu Pedemonte, Inter-American Development Bank
Robert W. Rich, Federal Reserve Bank of Cleveland
Raphael Schoenle, Brandeis University
2:45 pm
Break
3:00 pm

The Monetary Dynamics of Hyperinflation Reconsidered (slides)

Luca Benati, University of Bern
3:45 pm

The Natural Yield of Capital: Quasi-Experimental Evidence from UK Leaseholds

Veronica Backer Peral, Princeton University
Jonathon Hazell, London School of Economics
Atif R. Mian, Princeton University and NBER
4:30 pm
Adjourn
Tuesday, July 11
12:15 pm
Lunch
1:15 pm

Speeches by the Fed Chair Are More Important than FOMC Announcements: An Improved High-Frequency Measure of U.S. Monetary Policy Shocks

Eric T. Swanson, University of California, Irvine and NBER
Vishuddhi Jayawickrema
2:00 pm

Identifying Monetary Policy Shocks: A Natural Language Approach

S. Borağan Aruoba, University of Maryland and NBER
Thomas Drechsel, University of Maryland and NBER
2:45 pm
Break
3:00 pm

The Safety Net: Central Bank Balance Sheets and Financial Crises (slides)

Niall Ferguson, Harvard University
Martin Kornejew, Bocconi University
Paul Schmelzing, Boston College and Hoover Institution, Stanford
Moritz Schularick, Kiel Institute for the World Economy & Sciences Po
3:45 pm
Adjourn
The Feldstein Lecture follows at 4:00
Wednesday, July 12
2023
Joint on Wednesday morning with Macro, Money and Financial Frictions and International Finance and Macroeconomics in Ballroom A
Thursday, July 13
12:15 pm
Lunch
1:15 pm

What Caused the U.S. Pandemic-Era Inflation?

Ben S. Bernanke, Brookings Institution
Olivier J. Blanchard, Peterson Institute for International Economics and NBER
2:00 pm

Supply Chain Constraints and Inflation (slides)

Diego A. Comin, Dartmouth College and NBER
Robert C. Johnson, University of Notre Dame and NBER
Callum J. Jones, Federal Reserve Board of Governors
2:45 pm
Break
3:00 pm

How Oil Shocks Propagate: Evidence on the Monetary Policy Channel

Dmitriy Sergeyev, Bocconi University
Thuy Lan Nguyen, Federal Reserve Bank of San Francisco
Wataru Miyamoto, University of Hong Kong
3:45 pm

Reserve Demand, Interest Rate Control, and Quantitative Tightening

David López-Salido, Federal Reserve Board of Governors
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
4:30 pm

It’s Baaack: The Inflation Surge of 2020s and the Return of the Non-Linear Phillips Curve

Gauti B. Eggertsson, Brown University and NBER
Pierpaolo Benigno, University of Bern
5:15 pm
Adjourn
Friday, July 14
12:15 pm
Lunch
1:15 pm

Inflation is Conflict (slides)

Iván Werning, Massachusetts Institute of Technology and NBER
Guido Lorenzoni, University of Chicago and NBER
2:00 pm

Evaluating Policy Institutions ---150 Years of US Monetary Policy---

Regis Barnichon, Federal Reserve Bank of San Francisco
Geert Mesters, Universitat Pompeu Fabra
2:45 pm
Break
3:00 pm

Global Monetary and Financial Spillovers: Evidence from a New Measure of Bundesbank Policy Shocks

James Cloyne, University of California, Davis and NBER
Patrick Hürtgen, Deutsche Bundesbank
Alan M. Taylor, Columbia University and NBER
3:45 pm

Back to the 1980s or Not? The Drivers of Inflation and Real Risks in Treasury Bonds

Carolin Pflueger, University of Chicago and NBER
4:30 pm
Adjourn