SI 2020 Monetary Economics

Emi Nakamura and Jón Steinsson, Organizers

July 6-10, 2020

on Zoom.us

Conference Code of Conduct

Monday, July 6
Format: 35 minute presentations including a 5 minute pit stop for questions. Then 10 minutes for Q&A. Participants write questions into chat box. Session chairs call on people to ask their question.
1:30 pm
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER

Central Banking with Many Voices: The Communications Arms Race
2:15 pm
Anna Cieslak, Duke University and NBER
Hao Pang, University of Texas at Dallas

Common Shocks in Stocks and Bonds
3:00 pm
Break
3:15 pm
Yang You, The University of Hong Kong
Kenneth S. Rogoff, Harvard University and NBER

Redeemable Platform Currency (slides)
4:00 pm
Carolin Pflueger, University of Chicago and NBER
Gianluca Rinaldi, Harvard University

A Finance-Integrated New Keynesian Model (slides)
4:45 pm
Adjourn and Happy Hour
Tuesday, July 7
1:30 pm
Atif R. Mian, Princeton University and NBER
Ludwig Straub, Harvard University and NBER
Amir Sufi, University of Chicago and NBER

Indebted Demand
2:15 pm
Gee Hee Hong, International Monetary Fund
Matthew T. Klepacz, Federal Reserve Board of Governors
Ernesto Pastén, Central Bank of Chile
Raphael Schoenle, Brandeis University

The Real Effects of Monetary Shocks: Evidence from Micro Pricing Moments
3:00 pm
Break
3:15 pm
Sebastian Heise, Federal Reserve Bank of New York
Fatih Karahan, Amazon
Ayşegül Şahin, Princeton University and NBER

The Missing Inflation Puzzle: The Role of the Wage-Price Pass-Through (slides)
4:00 pm
Christoph Boehm, University of Texas at Austin and NBER
Nitya Pandalai-Nayar, University of Texas at Austin and NBER

Convex Supply Curves (slides)
4:45 pm
Adjourn and Happy Hour
Wednesday, July 8
Joint session with IFM and MEFM
11:00 am
Rohan Kekre, University of Chicago and NBER
Moritz Lenel, Princeton University and NBER

The Dollar and the Global Price of Risk
Discussant: Luigi Bocola, Stanford University and NBER
11:50 am
Ralph S. J. Koijen, University of Chicago and NBER
Motohiro Yogo, Princeton University and NBER

Exchange Rates and Asset Prices in a Global Demand System (slides)
Discussant: Jesse Schreger, Columbia University and NBER
12:40 pm
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER
Walker D. Ray, London School of Economics
Dimitri Vayanos, London School of Economics and NBER

A Preferred-Habitat Model of Term Premia and Currency Risk (slides)
Discussant: Xavier Gabaix, Harvard University and NBER
2:00 pm
COVID-19 Policy Panel: US, Europe and Rest of the World
Chair: Pierre-Olivier Gourinchas, University of California at Berkeley and NBER
Benoit Coeure, Bank for International Settlements (slides)
Nellie Liang, Brookings Institution (slides)
Raghuram Rajan, University of Chicago and NBER (slides)
3:00 pm
Adjourn
Thursday, July 9
1:30 pm
Francesco Bianchi, Johns Hopkins University and NBER
Leonardo Melosi, University of Warwick
Matthias Rottner, Deutsche Bundesbank

Hitting the Elusive Inflation Target (slides)
2:15 pm
Martin Blomhoff Holm, University of Oslo
Pascal Paul, Federal Reserve Bank of San Francisco
Andreas Tischbirek, Federal Reserve Board of Governors

The Transmission of Monetary Policy under the Microscope (slides)
3:00 pm
Break
3:15 pm
Matthew Baron, Cornell University
Emil Verner, Massachusetts Institute of Technology and NBER
Wei Xiong, Princeton University and NBER

Banking Crises without Panics (slides)
4:00 pm
Martin Bodenstein, Fedral Reserve Board
Giancarlo Corsetti, University of Cambridge
Luca Guerrieri, Federal Reserve Board of Governors

The Elusive Gains from Nationally-Oriented Monetary Policy
4:45 pm
Adjourn and Happy Hour
Friday, July 10
1:30 pm
James Cloyne, University of California, Davis and NBER
Òscar Jordà, Federal Reserve Bank of San Francisco
Alan M. Taylor, Columbia University and NBER

Decomposing the Fiscal Multiplier (slides)
2:15 pm
Regis Barnichon, Federal Reserve Bank of San Francisco
Geert Mesters, Universitat Pompeu Fabra

Optimal Policy Perturbations (slides)
3:00 pm
Break
3:15 pm
Christian Wolf, Massachusetts Institute of Technology and NBER
Yann Koby, Brown University

Aggregation in Heterogeneous-Firm Models: Theory and Measurement (slides)
4:00 pm
Adrien Auclert, Stanford University and NBER
Hannes Malmberg, University of Minnesota-Madison
Frederic Martenet, Stanford University
Matthew Rognlie, Northwestern University and NBER

Demographics, Wealth and Global Imbalances in the Twenty-First Century (slides)
4:45 pm
Adjourn and Happy Hour