SI 2020 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 6-10, 2020

on Zoom.us

Monday, July 6
11:00 am	Veronica Guerrieri, University of Chicago and NBER Guido Lorenzoni, University of Chicago and NBER Ludwig Straub, Harvard University and NBER Iván Werning, Massachusetts Institute of Technology and NBER Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages? (slides)
11:45 am	Callum J. Jones, Federal Reserve Board Thomas Philippon, New York University and NBER Venky Venkateswaran, New York University and NBER Optimal Mitigation Policies in a Pandemic
12:30 pm	Break
12:45 pm	Dirk Krueger, University of Pennsylvania and NBER Harald Uhlig, University of Chicago and NBER Taojun Xie, National University of Singapore Macroeconomic Dynamics and Reallocation in an Epidemic (slides)
1:30 pm	Michael Woodford, Columbia University and NBER Pandemic Shocks, Effective Demand, and Stabilization Policy
2:15 pm	Adjourn
Tuesday, July 7
11:00 am	Sylvain Leduc, Federal Reserve Bank of San Francisco Zheng Liu, Federal Reserve Bank of San Francisco Robots or Workers? A Macro Analysis of Automation and Labor Markets (slides)
11:45 am	Olivier Coibion, University of Texas at Austin and NBER Dimitris Georgarakos, European Central Bank Yuriy Gorodnichenko, University of California, Berkeley and NBER Michael Weber, University of Chicago and NBER Forward Guidance and Household Expectations (slides)
12:30 pm	Break
12:45 pm	Olivier Wang, New York University Iván Werning, Massachusetts Institute of Technology and NBER Dynamic Oligopoly and Price Stickiness (slides)
1:30 pm	Adjourn
Wednesday, July 8
11:00 am	Cosmin L. Ilut, Duke University and NBER Rosen Valchev, Boston College and NBER Economic Agents as Imperfect Problem Solvers (slides)
11:45 am	George-Marios Angeletos, Northwestern University and NBER Chen Lian, University of California, Berkeley and NBER Confidence and the Propagation of Demand Shocks (slides)
12:30 pm	Break
12:45 pm	Pedro Bordalo, University of Oxford Nicola Gennaioli, Bocconi University Andrei Shleifer, Harvard University and NBER Stephen J. Terry, University of Michigan and NBER Real Credit Cycles
1:30 pm	Adjourn
Thursday, July 9
11:00 am	Amir Kermani, University of California, Berkeley and NBER Yueran Ma, University of Chicago and NBER Asset Specificity of Non-Financial Firms (slides)
11:45 am	Preston Mui, University of California at Berkeley Benjamin Schoefer, University of California, Berkeley and NBER Reservation Raises: The Aggregate Labor Supply Curve at the Extensive Margin
12:30 pm	Break
12:45 pm	Michael D. Bauer, Federal Reserve Bank of San Francisco Eric T. Swanson, University of California, Irvine and NBER The Fed's Response to Economic News Explains the "Fed Information Effect" (slides)
1:30 pm	Adjourn
Friday, July 10
11:00 am	Matteo Maggiori, Stanford University and NBER Stefano Giglio, Yale University and NBER Johannes Stroebel, New York University and NBER Stephen Utkus, University of Pennsylvania Inside the Mind of a Stock Market Crash
11:45 am	Sebastian Di Tella, Stanford University and NBER Robert E. Hall, Stanford University and NBER Risk Premium Shocks Can Create Inefficient Recessions
12:30 pm	Break
12:45 pm	Jesús Fernández-Villaverde, University of Pennsylvania and NBER Federico Mandelman, Federal Reserve Bank of Atlanta Yang Yu, Shanghai Jiao Tong University Francesco Zanetti, University of Oxford Search Complementarities, Aggregate Fluctuations, and Fiscal Policy (slides)
1:30 pm	Tao Zha, Emory University and NBER Kaiji Chen, Emory University Aggregate and Distributional Impacts of Housing Policy: China’s Experiment (slides)
2:15 pm	Adjourn