SI 2015 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 6-10, 2015

Royal Sonesta Hotel

Conference Code of Conduct

Monday, July 6
9:00 am
9:00 am
Cosmin L. Ilut, Duke University and NBER
Rosen Valchev, Boston College and NBER
Nicolas Vincent, HEC Montreal

Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty
10:15 am
Javier Bianchi, Federal Reserve Bank of Minneapolis

Self Fulfilling Unemployment Crises
11:30 am
11:30 am
Julian Kozlowski, Federal Reserve Bank of St. Louis
Laura Veldkamp, Columbia University and NBER
Venky Venkateswaran, New York University and NBER

The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation
Tuesday, July 7
9:00 am
9:00 am
Paul Beaudry, University of British Columbia and NBER
Dana S. Galizia, Carleton University
Franck Portier, University College London

Reviving the limit cycle view of Macroeconomic Fluctuations
10:15 am
Marcus Hagedorn, University of Oslo
Jessie Handbury, University of Pennsylvania and NBER
Iourii Manovskii, University of Pennsylvania and NBER

Demand Stimulus, Inflation and Marginal Costs: Empirical Evidence
11:30 am
11:30 am
Olivier Coibion, University of Texas at Austin and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Saten Kumar, AUT University

How Do Firms Form Their Expectations? New Survey Evidence
Wednesday, July 8
1
9:00 am
Zvi Eckstein, The Interdisciplinary Center Herzliya - IDC
Ofer Setty, Tel Aviv University
David Weiss, Tel Aviv University

Financial Risk and Unemployment
10:15 am
Jordi Gali, Center for Research in Economics and Statistics and NBER

Hysteresis and the European Unemployment Problem Revisited
11:30 am
11:30 am
Vasco M. Carvalho, University of Cambridge
Basile Grassi, Bocconi University

Large Firm Dynamics and the Business Cycle
Thursday, July 9
9:00 am
Michael Woodford, Columbia University and NBER
Mariana Garcia Schmidt, Central Bank of Chile

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
10:15 am
Lawrence Christiano, Northwestern University and NBER
Martin S. Eichenbaum, Northwestern University and NBER
Benjamin K. Johannsen, Federal Reserve Board of Governors

Does the New Keynesian Model have a Multiplicity Problem?
Friday, July 10
9:00 am
9:00 am
Mirko Wiederholt, Ludwig Maximilian University of Munich

Empirical Properties of Inflation Expectations and the Zero Lower Bound
10:15 am
10:15 am
Òscar Jordà, Federal Reserve Bank of San Francisco
Moritz Schularick, Kiel Institute for the World Economy & Sciences Po
Alan M. Taylor, Columbia University and NBER

Leveraged Bubbles
11:30 am
Monika Piazzesi, Stanford University and NBER
Martin Schneider, Stanford University and NBER

Payments, Credit and Asset Prices