SI 2016 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 11-15, 2016

Royal Sonesta Hotel

Conference Code of Conduct

Monday, July 11
9:00 am
Jordi Galí, CREI and NBER

Monetary Policy and Asset Price Bubbles in a New Keynesian Model
10:15 am
Lars E.O. Svensson, Stockholm School of Economics and NBER

Cost-Benefit Analysis of Leaning Against the Wind: Are Costs Larger Also with Less Effective Macroprudential Policy?
11:30 am
Eric T. Swanson, University of California, Irvine and NBER

A Macroeconomic Model of Equities and Real, Nominal, and Defaultable Debt
Tuesday, July 12
9:00 am
Ali Ozdagli, Federal Reserve Bank of Dallas
Michael Weber, University of Chicago and NBER

Monetary Policy through Production Networks: Evidence from the Stock Market
10:15 am
Gauti B. Eggertsson, Brown University and NBER
Neil Mehrotra, Federal Reserve Bank of Minneapolis
Jacob Robbins, University of Illinois at Chicago

A Quantitative Model of Secular Stagnation
11:30 am
Manuel Amador, University of Minnesota and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis
Luigi Bocola, Stanford University and NBER
Fabrizio Perri, Federal Reserve Bank of Minneapolis

Unsustainable Currency Floors
Wednesday, July 13
9:00 am
Michael Bailey, Facebook
Ruiqing Cao, Stockholm School of Economics
Theresa Kuchler, New York University and NBER
Johannes Stroebel, New York University and NBER

Social Networks and Housing Markets
10:15 am
Stefania Albanesi, University of Miami and NBER
Giacomo De Giorgi, University of Geneva
Jaromir Nosal, Boston College

Credit Growth and the Financial Crisis: A New Narrative
11:30 am
MelWin Khaw, Microsoft
Luminita Stevens, University of Maryland
Michael Woodford, Columbia University and NBER

Discreteness and Delay in Adjustment to a Changing Environment: An Experimental Study
Thursday, July 14
9:00 am
Carlos Carvalho, Kapitalo Investimentos and PUC-Rio
Stefano Eusepi, University of Texas at Austin
Emanuel Moench, Frankfurt School of Finance and Management
Bruce Preston, University of Melbourne

In Search of a Nominal Anchor: What Drives Long-Term Inflation Expectations?
10:15 am
Cosmin L. Ilut, Duke University and NBER
Hikaru Saijo, University of California, Santa Cruz

Learning, Confidence, and Business Cycles
11:30 am
George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER

A (Real) Theory of Aggregate Demand
Friday, July 15
9:00 am
Felipe S. Iachan, FGV EPGE
Plamen T. Nenov, Norges Bank
Alp Simsek, Yale University and NBER

The Choice Channel of Financial Innovation
10:15 am
Christopher Busch, Ludwig-Maximilians-University Munich
David Domeij, Stockholm School of Economics
Fatih Guvenen, University of Minnesota and NBER
Rocio Madera, Southern Methodist University

Asymmetric Business Cycle Risk and Government Insurance
11:30 am
Patrick Kehoe, Stanford University and NBER
Virgiliu Midrigan, New York University and NBER
Elena Pastorino, Stanford University and NBER

Discount Rates, Learning by Doing and Employment Fluctuations