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 (HKU)
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, Inc.
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 and Political Science (LSE)
Dimitri Vayanos, London School of Economics and Political Science (LSE) 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, Bank for International Settlements

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, Georgetown 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, European University Institute
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