SI 2021 Monetary Economics

Emi Nakamura and Jón Steinsson, Organizers

July 12-16, 2021

on Zoom.us

Conference Code of Conduct

Monday, July 12
1:30 pm
Alina K. Bartscher, Danmarks Nationalbank
Moritz Kuhn, University of Bonn
Moritz Schularick, University of Bonn
Paul Wachtel, New York University

Monetary Policy and Racial Inequality (slides)
2:15 pm
Asger L. Andersen, University of Copenhagen
Niels Johannesen, University of Copenhagen
Mia R H. Jørgensen, University of Copenhagen
Jose-Luis Peydro, Imperial College London

Monetary Policy and Inequality
3:00 pm
Break
3:15 pm
Kristopher Gerardi, Federal Reserve Bank of Atlanta
Paul S. Willen, Federal Reserve Bank of Boston and NBER
David Hao Zhang, Harvard University

Mortgage Prepayment, Race, and Monetary Policy
4:00 pm
Melina Papoutsi, European Central Bank
Monika Piazzesi, Stanford University and NBER
Martin Schneider, Stanford University and NBER

How Unconventional is Green Monetary Policy? (slides)
4:45 pm
Adjourn and Social Hour on Wonder
Tuesday, July 13
1:30 pm
Peter Lihn Jorgensen, Copenhagen Business School
Kevin J. Lansing, Federal Reserve Bank of San Francisco

Anchored Inflation Expectations and the Slope of the Phillips Curve (slides)
2:15 pm
Gerald Carlino, Federal Reserve Bank of Philadelphia
Thorsten Drautzburg, Federal Reserve Bank of Philadelphia
Robert P. Inman, University of Pennsylvania and NBER
Nicholas Zarra, New York University

Partisanship and Fiscal Policy in Economic Unions: Evidence from U.S. States
3:00 pm
Break
3:15 pm
Ethan Ilzetzki, London School of Economics

Learning by Necessity: Government Demand, Capacity Constraints, and Productivity Growth (slides)
4:00 pm
Atif R. Mian, Princeton University and NBER
Ludwig Straub, Harvard University and NBER
Amir Sufi, University of Chicago and NBER

A Goldilocks Theory of Fiscal Deficits
4:45 pm
Adjourn and Social Hour on Wonder
Wednesday, July 14
Joint Session ME/MEFM/IFM
11:30 am
Emmanuel Farhi, Harvard University
Jean Tirole, Toulouse School of Economics

Industrial Monetary Policy (slides)
Discussant: Arvind Krishnamurthy, Stanford University and NBER
12:20 pm
Break
12:30 pm
Gabriel Chodorow-Reich, Harvard University and NBER
Olivier Darmouni, Columbia University
Stephan Luck, Federal Reserve Bank of New York
Matthew C. Plosser, Federal Reserve Bank of New York

Bank Liquidity Provision Across the Firm Size Distribution
Discussant: Yueran Ma, University of Chicago and NBER
1:20 pm
Break
1:30 pm
Manuel Amador, University of Minnesota and NBER
Javier Bianchi, Federal Reserve Bank of Minneapolis

Bank Runs, Fragility, and Credit Easing
Discussant: Todd Keister, Rutgers University
2:20 pm
Adjourn
Thursday, July 15
1:30 pm
Pierpaolo Benigno, University of Bern
Gianluca Benigno, Federal Reserve Bank of New York

Interest, Reserves and Prices
2:15 pm
Riccardo Degasperi, University of Warwick
Seokki S. Hong, University of Warwick
Giovanni Ricco, University of Warwick

The Global Transmission of U.S. Monetary Policy
3:00 pm
Break
3:15 pm
Filippo Curti, Federal Reserve Bank of Richmond
Sophia Kazinnik, Federal Reserve Bank of Richmond

Let's Face It: Quantifying the Impact of Nonverbal Communication in FOMC Press Conferences
4:00 pm
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Tho Pham, University of Reading
Oleksandr Talavera, University of Birmingham

The Voice of Monetary Policy (slides)
4:45 pm
Adjourn and Social Hour on Wonder
Friday, July 16
1:30 pm
Annette Vissing-Jorgensen, Federal Reserve Board and NBER

The Treasury Market in Spring 2020 and the Response of the Federal Reserve
2:15 pm
Igor Goncharov, Lancaster University
Vasso P. Ioannidou, City University of London
Martin C. Schmalz, University of Oxford

(Why) Do Central Banks Care About their Profits?
3:00 pm
Break
3:15 pm
Olivier Darmouni, Columbia University
Kerry Y. Siani, Columbia University

Bond Market Stimulus: Firm-Level Evidence from 2020-21
4:00 pm
Daniel Greenwald, Massachusetts Institute of Technology
John Krainer, Federal Reserve Bank of San Francisco
Pascal Paul, Federal Reserve Bank of San Francisco

The Credit Line Channel
4:45 pm
Adjourn and Social Hour on Wonder