SI 2022 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 11-15, 2022

Parkview Room

Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA and zoom.us

Monday, July 11
9:00 am	Coffee and Pastries
9:30 am	Paul Beaudry, University of British Columbia and NBER Katya Kartashova, Bank of Canada Cesaire Meh, World Bank Group Gazing at r-star: A Hysteresis Perspective
10:15 am	Anton Braun, GRIPS Daisuke Ikeda, Bank of Japan Why Aging Induces Deflation and Secular Stagnation
11:00 am	Break
11:15 am	George-Marios Angeletos, Northwestern University and NBER Chen Lian, University of California, Berkeley and NBER Christian Wolf, Massachusetts Institute of Technology and NBER FTPL Redux
12:00 pm	Stefano Eusepi, Brown University Christopher Gibbs, University of Sydney Bruce Preston, University of Melbourne Monetary Policy Trade-offs at the Zero Lower Bound
12:45 pm	Lunch
Tuesday, July 12
8:30 am	Coffee and Pastries
9:00 am	Iván Werning, Massachusetts Institute of Technology and NBER Expectations and the Rate of Inflation (slides)
9:45 am	Pooya Molavi, Northwestern University Simple Models and Biased Forecasts
10:30 am	Break
10:45 am	David S. Miller, Federal Reserve Board Marco Bassetto, Federal Reserve Bank of Minneapolis A Monetary-Fiscal Theory of Sudden Inflations (slides)
11:30 am	Christopher Roth, University of Cologne Mirko Wiederholt, Ludwig Maximilian University of Munich Johannes Wohlfart, University of Cologne The Effects of Monetary Policy: Theory with Measured Expectations
12:15 pm	Lunch
Wednesday, July 13
8:30 am	Coffee and Pastries
9:00 am	Jacob Orchard, Federal Reserve Board Valerie A. Ramey, Stanford University and NBER Johannes Wieland, University of California, San Diego and NBER Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates (slides)
9:45 am	John Coglianese, Federal Reserve Board of Governors Maria Olsson, BI Norwegian Business School Christina Patterson, University of Chicago and NBER Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden
10:30 am	Break
10:45 am	Ruediger Bachmann, University of Notre Dame Benjamin Born, Frankfurt School of Finance and Management Olga Goldfayn-Frank, Deutsche Bundesbank Georgi Kocharkov, Deutsche Bundesbank Ralph Luetticke, University of Tuebingen Michael Weber, University of Chicago and NBER A Temporary VAT Cut as Unconventional Fiscal Policy
11:30 am	James Cloyne, University of California, Davis and NBER Joseba Martinez, London Business School Haroon Mumtaz, Queen Mary, University of London Paolo Surico, London Business School Short-Term Tax Cuts, Long-Term Stimulus (slides)
12:15 pm	Lunch
Thursday, July 14
8:30 am	Coffee and Pastries
9:00 am	Mark Gertler, New York University and NBER Fernando Cirelli, Columbia University Economic Winners Versus Losers and the Unequal Pandemic Recession
9:45 am	Ian Dew-Becker, Federal Reserve Bank of Chicago Tail Risk in Production Networks
10:30 am	Break
10:45 am	Michelle Alexopoulos, University of Toronto Xinfen Han, Bank of Canada Oleksiy Kryvtsov, Bank of Canada Xu Zhang, Bank of Canada More Than Words: Fed Chairs' Communication During Congressional Testimonies
11:30 am	Zhesheng Qiu, City University of Hong Kong José-Víctor Ríos-Rull, University of Pennsylvania and NBER Procyclical Productivity in New Keynesian Models (slides)
12:15 pm	Lunch
Friday, July 15
8:30 am	Coffee and Pastries
9:00 am	Rohan Kekre, University of Chicago and NBER Moritz Lenel, Princeton University and NBER The Flight to Safety and International Risk Sharing
9:45 am	Tobias Adrian, International Monetary Fund Christopher Erceg, International Monetary Fund Marcin Kolasa, International Monetary Fund Jesper Lindé, Sveriges Riksbank Pawel Zabczyk, International Monetary Fund Managing Monetary Tradeoffs in Vulnerable Open Economies
10:30 am	Break
10:45 am	Ragnar Juelsrud, Norges Bank Ella Wold, BI Norwegian Business School. The Importance of Job Loss Risk for Individual Savings (slides)
11:30 am	Davide Debortoli, Universitat Pompeu Fabra Jordi Galí, CREI and NBER Idiosyncratic Income Risk and Aggregate Fluctuations
12:15 pm	Lunch