Monday, July 8
12:15 pm
Lunch
1:15 pm

Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock

Christoph Boehm, University of Texas at Austin and NBER
T. Niklas Kroner, Federal Reserve Board of Governors
2:00 pm

Double Robustness of Local Projections and Some Unpleasant VARithmetic

Jose L. Montiel Olea, Cornell University
Mikkel Plagborg-Møller, Princeton University
Eric Qian, Princeton University
Christian K. Wolf, Massachusetts Institute of Technology and NBER
2:45 pm
Break
3:00 pm

Are New Keynesian Models Useful When Trend Inflation is Not Low?

Sergio Lago Alves, Central Bank of Brazil
Hashmat U. Khan, Carleton University
3:45 pm

Non-Constant Demand Elasticities, Firm Dynamics and Monetary Non-Neutrality: Role of Demand Shocks

S. Borağan Aruoba, University of Maryland and NBER
Kai Chung Oue, The Hong Kong Polytechnic University
Felipe Saffie, University of Virginia and NBER
Jonathan Willis, Federal Reserve Bank of Atlanta
4:30 pm
Adjourn
Tuesday, July 9
12:15 pm
Lunch
1:15 pm

Sticky Discount Rates

Masao Fukui, Boston University
Niels Joachim Gormsen, University of Chicago and NBER
Kilian Huber, University of Chicago and NBER
2:00 pm

Testing the Portfolio Rebalancing Channel of Quantitative Easing

Julia Selgrad, University of Chicago
2:45 pm
Break
3:00 pm

Leaning Against Inflation Experiences

Stefan Nagel, University of Chicago and NBER
3:45 pm

Disagreement About the Term Structure of Inflation Expectations (slides)

Hie Joo Ahn, Federal Reserve Board of Governors
Leland E. Farmer, University of Virginia
4:30 pm
Adjourn
Wednesday, July 10
8:00 am
Coffee and Pastries
Morning session joint with MEFM in Ballroom A
8:30 am

EXIM’s Exit: The Real Effects of Trade Financing by Export Credit Agencies

Adrien Matray, Princeton University and NBER
Karsten Müller, National University of Singapore
Chenzi Xu, University of California, Berkeley and NBER
Poorya Kabir, National University of Singapore

Discussant:
Kilian Huber, University of Chicago and NBER
9:30 am
Break
9:45 am

A Macroeconomic Model of Central Bank Digital Currency

Mauricio Ulate, Federal Reserve Bank of San Francisco
Pascal Paul, Federal Reserve Bank of San Francisco
Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER

Discussant:
Todd Keister, Rutgers University
10:45 am
Break
11:00 am

The Economic Impact of Payment System Stress: Evidence from Russia

Dmitry Livdan, University of California, Berkeley
Norman Schurhoff, University of Lausanne
Vladimir Sokolov, ICEF Higher School of Economics

Discussant:
Thomas M. Eisenbach, Federal Reserve Bank of New York
12:00 pm
Lunch and Adjourn
Thursday, July 11
12:15 pm
Lunch
1:15 pm

Fiscal Influences on Inflation in OECD Countries, 2020-2022 (slides)

Robert J. Barro, Harvard University and NBER
Francesco Bianchi, Johns Hopkins University and NBER
2:00 pm

The Macroeconomic Effects of Cash Transfers: Evidence from Brazil

Arthur G. Mendes, PUC-Rio
Wataru Miyamoto, University of Hong Kong
Thuy Lan Nguyen, Federal Reserve Bank of San Francisco
Steven Pennings, World Bank
Leo Feler, Brown University
2:45 pm
Break
3:00 pm

Fueling Expectations: The Causal Impact of Gas Prices on Inflation Expectations and Consumption

Yoon Joo. Jo, Texas A&M University
Benjamin Klopack, Texas A&M University
3:45 pm

Why Don't History-dependent Monetary Policies Work?

Olena Kostyshyna, Bank of Canada
Luba Petersen, Simon Fraser University and NBER
Jing Yang, Bank of Canada
4:30 pm
Adjourn
Friday, July 12
12:15 pm
Lunch
1:15 pm

Non-essential Business Cycles

Michele Andreolli, Boston College
Natalie S. Rickard, London Business School
Paolo Surico, London Business School
2:00 pm

Deficits and Inflation: HANK meets FTPL

George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER
Christian K. Wolf, Massachusetts Institute of Technology and NBER
2:45 pm
Break
3:00 pm

Anchoring Boundedly Rational Expectations

Stéphane Dupraz, Banque de France
Magali Marx, Banque de France
3:45 pm

Can US Treasury Markets Add and Subtract?

Roberto Gomez Cram, New York University
Howard Kung, London Business School
Hanno Lustig, Stanford University and NBER
4:30 pm
Adjourn