SI 2021 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 12-16, 2021

on Zoom.us

Conference Code of Conduct

Monday, July 12
11:00 am
Jonathon Hazell, London School of Economics
Juan Herreño, University of California, San Diego
Emi Nakamura, University of California, Berkeley and NBER
Jón Steinsson, University of California, Berkeley and NBER

The Slope of the Phillips Curve: Evidence from U.S. States
11:45 am
Terry Fitzgerald, Federal Reserve Bank of Minneapolis
Callum J. Jones, Federal Reserve Board
Mariano Kulish, University of Sydney
Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis

Is There a Stable Relationship between Unemployment and Future Inflation?
12:30 pm
Break
12:45 pm
Fernando E. Alvarez, University of Chicago and NBER
Francesco Lippi, LUISS Guido Carli University
Aleksei Oskolkov, University of Chicago

The Macroeconomics of Sticky Prices with Generalized Hazard Functions (slides)
1:30 pm
David Baqaee, University of California, Los Angeles and NBER
Emmanuel Farhi, Harvard University
Kunal Sangani, Harvard University

The Supply-Side Effects of Monetary Policy
2:15 pm
Adjourn
Tuesday, July 13
11:00 am
Ian Dew-Becker, Northwestern University and NBER
Stefano Giglio, Yale University and NBER

Cross-Sectional Uncertainty and the Business Cycle: Evidence from 40 Years of Options Data
11:45 am
Susanto Basu, Boston College and NBER
Giacomo Candian, HEC Montreal
Ryan Chahrour, Cornell University
Rosen Valchev, Boston College and NBER

Risky Business Cycles
12:30 pm
Break
12:45 pm
Florin O. Bilbiie, University of Cambridge
Marc Melitz, Harvard University and NBER

Aggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier (slides)
1:30 pm
Olivier Coibion, University of Texas at Austin and NBER
Dimitris Georgarakos, European Central Bank
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Geoff K. Kenny, European Central Bank
Michael Weber, University of Chicago and NBER

The Effect of Macroeconomic Uncertainty on Household Spending
2:15 pm
Adjourn
Wednesday, July 14
11:00 am
Joel P. Flynn, Yale University
Christina Patterson, University of Chicago and NBER
John Sturm, Princeton University

Fiscal Policy in a Networked Economy
11:45 am
Martin Beraja, Massachusetts Institute of Technology and NBER
Christian K. Wolf, Massachusetts Institute of Technology and NBER

Demand Composition and the Strength of Recoveries
12:30 pm
Break
12:45 am
Òscar Jordà, Federal Reserve Bank of San Francisco
Sanjay R. Singh, Federal Reserve Bank of San Francisco and UC Davis
Alan M. Taylor, Columbia University and NBER

The Long-Run Effects of Monetary Policy
1:30 pm
Jesper Lindé, Sveriges Riksbank
Christopher Erceg, International Monetary Fund
Zoltan Jakab, International Monetary Fund

Monetary Policy Strategies for the European Central Bank (slides)
2:15 pm
Adjourn
Thursday, July 15
11:00 am
Joel P. Flynn, Yale University
Karthik Sastry, Princeton University

Attention Cycles
11:45 am
Francesco Bianchi, Johns Hopkins University and NBER
Cosmin L. Ilut, Duke University and NBER
Hikaru Saijo, University of California, Santa Cruz

Implications of Diagnostic Expectations: Theory and Applications
12:30 pm
Break
12:45 pm
George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER

Determinacy without the Taylor Principle (slides)
1:30 pm
Arthur Prat-Carrabin, Columbia University
Michael Woodford, Columbia University and NBER

Imprecise Probabilistic Inference from Sequential Data
2:15 pm
Adjourn
Friday, July 16
11:00 am
Francesco Bianchi, Johns Hopkins University and NBER
Renato Faccini, Danmarks Nationalbank
Leonardo Melosi, Federal Reserve Bank of Chicago

Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength (slides)
11:45 am
Gadi Barlevy, Federal Reserve Bank of Chicago

On Speculative Frenzies and Stabilization Policy (slides)
12:30 pm
Break
12:45 pm
Frederic Boissay, Bank for International Settlements
Fabrice Collard, Toulouse School of Economics
Jordi Galí, CREI and NBER
Cristina Manea, Bank for International Settlements

Monetary Policy and Endogenous Financial Crises (slides)
1:30 pm
Arvind Krishnamurthy, Stanford University and NBER
Wenhao Li, University of Southern California

Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment (slides)
2:15 pm
Adjourn