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

Conference Code of Conduct

Monday, July 11
9:00 am
Coffee and Pastries
9:30 am
Paul Beaudry, Bank of Canada and NBER
Katya Kartashova, Bank of Canada
Cesaire Meh, Bank of Canada

Gazing at r-star: A Hysteresis Perspective
10:15 am
Anton Braun, Federal Reserve Bank of Atlanta
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, University of Texas at Austin
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 Copenhagen

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, University of California, San Diego 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 College London
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, London Business School
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, New York University

Economic Winners Versus Losers and the Unequal Pandemic Recession
9:45 am
Ian Dew-Becker, Northwestern University and NBER

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

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