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SI 2026 Monetary Economics
Organized by Emi Nakamura and Jón Steinsson
July 13-17, 2026
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA
Room: Charles AB
Format: Authors present for 45 minutes with questions throughout
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Monday, July 13
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12:15 pm
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Lunch
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1:15 pm
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Rethinking Monetary Policy Rules
Jordi Galí, Center for Research in International Economics and NBER
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2:00 pm
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Spend What You Learn
(slides)
Adrien Auclert, Stanford University and NBER
Hugo Monnery, Harvard University
Matthew Rognlie, Northwestern University and NBER
Ludwig Straub, Harvard University and NBER
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2:45 pm
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Break
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3:00 pm
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When the Fed Reveals Its Hand: The SEP and Monetary Policy Surprises
Andrew B. Martinez, American University
Tara M. Sinclair, The George Washington University
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3:45 pm
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Price Gaps and Inflation Dynamics
(slides)
Miguel Bandeira, Insper Institute for Education and Research
Laura Castillo-Martinez, Duke University
Shiyuan Wang, University of Minnesota Twin Cities
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4:30 pm
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Adjourn
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Tuesday, July 14
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12:15 pm
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Lunch
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1:15 pm
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How Responsive are Durables Expenditures to Transitory Income Shocks?
Christoph Boehm, University of Texas at Austin and NBER
Changseok Ma, Korea Development Institute (KDI)
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2:00 pm
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Price Passthrough without Intertemporal Substitution: Evidence from Germany’s Temporary VAT Cut
(slides)
Guenter W. Beck, University of Siegen
Syed Muzzamil Hussain, University of Siegen
Xavier Jaravel, London School of Economics and Political Science (LSE)
Sebastian G. Kessing, University of Siegen
Sebastian Siegloch, University of Cologne
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2:45 pm
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Break
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3:00 pm
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Real Effects of Nominal Interest Rates
(slides)
Joshua K. Hausman, University of Michigan and NBER
John Mondragon, Federal Reserve Bank of San Francisco
Johannes Wieland, University of California, San Diego and NBER
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3:45 pm
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Reaching for Duration
Thomas Mertens, Federal Reserve Bank of San Francisco
Pascal Paul, Federal Reserve Bank of San Francisco
Andres M. Schneider, Miami Herbert Business School
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4:30 pm
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Adjourn
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Wednesday, July 15
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Morning Joint Session with MEFM in Ballroom A
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8:30 am
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Monetary Shocks and Long-Run Neutrality in Asset Pricing
Anna Cieslak, Duke University and NBER
Paymon Khorrami, Duke University
Discussant:
Christoph Boehm, University of Texas at Austin and NBER
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9:45 am
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Banking on Inattention
(slides)
Xu Lu, University of Washington
Lingxuan Sean Wu, New York University
Discussant:
Timothy McQuade, University of California, Berkeley and NBER
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11:00 am
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Exchange Rate Stabilization and Monetary Transmission
(slides)
Paul Fontanier, Yale University
Alp Simsek, Yale University and NBER
Discussant:
Gita Gopinath, Harvard University and NBER
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Thursday, July 16
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12:15 pm
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Lunch
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1:15 pm
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Pre-Trends Ahead of Monetary Policy Surprises: Recovering the Response of Corporate Investment
Antoine Hubert de Fraisse, London School of Economics
Peter Maxted, University of California, Berkeley
Kunal Sangani, Northwestern University and NBER
David Sraer, University of California, Berkeley and NBER
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2:00 pm
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Inelastic Capital
(slides)
Matthieu Gomez, Columbia University
Émilien Gouin-Bonenfant, HEC Montreal
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2:45 pm
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Break
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3:00 pm
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How Do Interest Rates Affect Consumption? Household Debt and the Role of Asset Prices
Jonathon Hazell, London School of Economics and Political Science (LSE)
Angus K. Foulis, Bank of England
Atif R. Mian, Princeton University and NBER
Belinda Tracey, Bank of England
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3:45 pm
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Bank Runs With and Without Bank Failure
(slides)
Sergio A. Correia, Federal Reserve Bank of Richmond
Stephan Luck, Federal Reserve Bank of New York
Emil Verner, Massachusetts Institute of Technology and NBER
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4:30 pm
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Adjourn
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Friday, July 17
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12:15 pm
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Lunch
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1:15 pm
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Homeownership and the Cost of Living
Gabriel Chodorow-Reich, Harvard University and NBER
Edward L. Glaeser, Harvard University and NBER
Xavier Jaravel, London School of Economics and Political Science (LSE)
Avi Lipton, Harvard University
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2:00 pm
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Tradability and Goods’ Prices: A Tale of Two Regions
(slides)
German Gutierrez, University of Washington
Joseba Martinez, London Business School
Thomas Philippon, New York University and NBER
Sophie Piton, Bank of England
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2:45 pm
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Break
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3:00 pm
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Monetary Policy Implementation Regimes and Reserve Demand in the US
Saki Bigio, University of California, Los Angeles and NBER
Pablo D'Erasmo, Federal Reserve Bank of Philadelphia
Luis Yepez, The University of Chicago
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3:45 pm
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The Macroeconomic Effects of Tariffs: Insights from 180 Years of U.S. Trade Policy
Tamar den Besten, Northwestern University
Regis Barnichon, Federal Reserve Bank of San Francisco
Diego R. Känzig, Northwestern University and NBER
Aayush Singh, Federal Reserve Bank of San Francisco
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4:30 pm
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Adjourn
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