SI 2019 Monetary Economics

Emi Nakamura and Jón Steinsson, Organizers

July 8-12, 2019


Charles Room

Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA

Conference Code of Conduct

Monday, July 8
12:00 pm
Lunch
Afternoon joint with Impulse and Propagation Mechanisms
1:00 pm

Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model
2:00 pm
Break
2:30 pm

Unbundling of Quantitative Easing: Taking a Cue from Treasury Auctions (slides)
3:30 pm

Firm Debt Covenants and the Macroeconomy: The Interest Coverage Channel (slides)
4:30 pm
Adjourn
Tuesday, July 9
12:00 pm
Lunch
1:00 pm

Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy
Discussant: Stephen J. Terry, University of Michigan and NBER
2:00 pm
Break
2:30 pm

Do Greasy Wheels Curb Inequality? (slides)
Discussant: Ayşegül Şahin, Princeton University and NBER
3:30 pm

Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data
Discussant: Mauricio Ulate, Federal Reserve Bank of San Francisco
4:30 pm
Adjourn
Wednesday, July 10
12:00 pm
Lunch
Afternoon joint with Macro, Money and Financial Frictions and with International Finance and Macroeconomics in the Ballroom
1:00 pm
Ballroom
Mussa Puzzle Redux
Discussant: Fabrizio Perri, Federal Reserve Bank of Minneapolis
2:00 pm
Break
2:30 pm
Ballroom
The Two-Pillar Policy for the RMB
Discussant: Wenxin Du, Harvard University and NBER
3:30 pm
Ballroom
How Monetary Policy Shaped the Housing Boom
Discussant: Joseph S. Vavra, University of Chicago and NBER
4:30 pm
Adjourn
6:00 pm
Clambake at the Royal Sonesta Hotel
Thursday, July 11
12:00 pm
Lunch
1:00 pm

Interbank Networks in the Shadows of the Federal Reserve Act
Discussant: Gary Richardson, University of California, Irvine and NBER
2:00 pm
Break
2:30 pm

Policy Language and Information Effects in the Early Days of Federal Reserve Forward Guidance
Discussant: Philippe Andrade, Federal Reserve Bank of Boston
3:30 pm

Stock Market Wealth and the Real Economy: A Local Labor Market Approach
Discussant: Anthony A. DeFusco, University of Wisconsin - Madison and NBER
4:30 pm
Adjourn
Friday, July 12
12:00 pm
Lunch
Afternoon joint with Behavioral/Macro
1:00 pm
Charles Suites
Managing Expectations without Rational Expectations (slides)
Discussant: Gauti B. Eggertsson, Brown University and NBER
2:00 pm
Break
2:30 pm
Charles Suites
On the Limits of Monetary Policy
Discussant: Athanasios Orphanides, Massachusetts Institute of Technology
3:30 pm
Charles Suites
Asset Pricing with Fading Memory
Discussant: Stefano Giglio, Yale University and NBER
4:30 pm
Adjourn