Monday, July 8
9:00 am
Coffee and Pastries
9:30 am

What Central Bankers Can Learn from Models with Idiosyncratic Risk

Ester Faia, Goethe University Frankfurt
Ekaterina Shabalina, Reserve Bank of Australia
10:15 am

Disaggregated Economic Accounts

Asger L. Andersen, University of Copenhagen
Kilian Huber, University of Chicago and NBER
Niels Johannesen, University of Oxford
Ludwig Straub, Harvard University and NBER
Emil Toft Vestergaard, University of Copenhagen
11:00 am
Break
11:15 am

Smooth Diagnostic Expectations

Francesco Bianchi, Johns Hopkins University and NBER
Cosmin L. Ilut, Duke University and NBER
Hikaru Saijo, University of California, Santa Cruz
12:00 pm

The Distributional Effects of Asset Returns

Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Oren Levintal, Reichman University
12:45 pm
Lunch and Adjourn
Tuesday, July 9
9:00 am
Coffee and Pastries
9:30 am

Fiscal Backing, Inflation and US Business Cycles

Frank Smets, Bank for International Settlements
Rafael Wouters, National Bank of Belgium
10:15 am

Evaluating Policy Counterfactuals: A "VAR-Plus" Approach

Tomás E. Caravello, Massachusetts Institute of Technology
Alisdair McKay, Federal Reserve Bank of Minneapolis
Christian K. Wolf, Massachusetts Institute of Technology and NBER
11:00 am
Break
11:15 am

Escaping the Financial Dollarization Trap: The Role of Foreign Exchange Intervention

Paul Castillo, Central Bank of Peru
Ruy E. Lama, International Monetary Fund
Juan Pablo Medina, Universidad Adolfo Ibanez
12:00 pm

The Surge in Emerging Markets’ International Reserves and the Rise in Global Volatility

Enrique G. Mendoza, University of Pennsylvania and NBER
Vincenzo Quadrini, University of Southern California and NBER
12:45 pm
Lunch and Adjourn
Wednesday, July 10
9:00 am
Coffee and Pastries
9:30 am

A Framework for Geoeconomics

Christopher Clayton, Yale University and NBER
Matteo Maggiori, Stanford University and NBER
Jesse Schreger, Columbia University and NBER
10:15 am

Mixed Signals? How Media Distills Central Bank Messages (slides)

Michelle Alexopoulos, University of Toronto
Xinfen Han, Bank of Canada
Oleksiy Kryvtsov, Bank of Canada
Xu Zhang, Bank of Canada
11:00 am
Break
11:15 am

Distorted Beliefs, Asset Pricing and Monetary Policy

Stefano Eusepi, Brown University
Marc P. Giannoni, Barclays Corporate and Investment Bank
Bruce Preston, University of New South Wales
12:00 pm

Nonlinear Cost Price Dynamics: Firm Level Evidence and Aggregate Consequences (slides)

Luca Gagliardone, New York University
Mark Gertler, New York University and NBER
Simone Lenzu, New York University
Joris Tielens, National Bank of Belgium
12:45 pm
Lunch and Adjourn
Thursday, July 11
9:00 am
Coffee and Pastries
9:30 am

Greed? Profits, Inflation, and Aggregate Demand

Florin O. Bilbiie, University of Cambridge
Diego R. Känzig, Northwestern University and NBER
10:15 am

Why do Workers Dislike Inflation? Wage Erosion and Conflict Costs

Joao Guerreiro, University of California, Los Angeles
Jonathon Hazell, London School of Economics and Political Science (LSE)
Chen Lian, University of California, Berkeley and NBER
Christina Patterson, University of Chicago and NBER
11:00 am
Break
11:15 am

What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?

Hassan Afrouzi, Columbia University and NBER
Joel P. Flynn, Yale University
Choongryul Yang, Federal Reserve Board of Governors
12:00 pm

Tell me Something I don't Already Know

Michael Weber, University of Chicago and NBER
Bernardo Candia, University of California, Berkeley
Hassan Afrouzi, Columbia University and NBER
Tiziano Ropele, Banca d'Italia
Rodrigo Lluberas, Universidad ORT Uruguay
Serafin Frache, Universidad de Montevideo
Brent H. Meyer, Federal Reserve Bank of Atlanta
Saten Kumar, AUT University
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Dimitris Georgarakos, European Central Bank
12:45 pm
Lunch and Adjourn
Friday, July 12
9:00 am
Coffee and Pastries
9:30 am

Heterogeneous Downward Nominal Wage Rigidity: Foundations of a Nonlinear Phillips Curve (slides)

Stephanie Schmitt-Grohé, Columbia University and NBER
Martín Uribe, Columbia University and NBER
10:15 am

The Inflation Accelerator

Andres Blanco, Federal Reserve Bank of Atlanta
Corina Boar, New York University and NBER
Callum J. Jones, Federal Reserve Board of Governors
Virgiliu Midrigan, New York University and NBER
11:00 am
Break
11:15 am

The Inflation Attention Threshold and Inflation Surges (slides)

Oliver Pfäuti, University of Texas at Austin
12:00 pm

Monetary Policy and Inflation Scares

Christopher Erceg, International Monetary Fund
Jesper Lindé, Sveriges Riksbank
Mathias Trabandt, Goethe University Frankfurt
12:45 pm
Lunch and Adjourn