SI 2023 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 10-14, 2023

University BC

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

Monday, July 10
9:00 am	Coffee and Pastries
9:30 am	Roberto M. Billi, Sveriges Riksbank Jordi Galí, Center for Research in Economics and Statistics and NBER Anton Nakov, European Central Bank Optimal Monetary Policy with r*<0 (slides)
10:15 am	Gauti B. Eggertsson, Brown University and NBER Manuel Lancastre, Brown University Lawrence H. Summers, Harvard University and NBER Investment, Savings and Aggregate Demand: Is Monetary Policy Enough?
11:00 am	Break
11:15 am	Ippei Fujiwara, Keio University Kiminori Matsuyama, Northwestern University Competition and the Phillips Curve (slides)
12:00 pm	Saki Bigio, University of California, Los Angeles and NBER Yuliy Sannikov, Stanford University A Model of Credit, Money, Interest, and Prices
12:45 pm	Lunch
Tuesday, July 11
9:00 am	Coffee and Pastries
9:30 am	François Gourio, Federal Reserve Bank of Chicago Phuong Ngo, Cleveland State University Downward Nominal Rigidities and Bond Premia (slides)
10:15 am	Antonio Falato, Federal Reserve Board of Governors Jasmine Xiao, University of Notre Dame Expectations and Credit Slumps (slides)
11:00 am	Break
11:15 am	Adrien Auclert, Stanford University and NBER Kurt Mitman, Institute for International Economic Studies Consumer Bankruptcy as Aggregate Demand Management
12:00 pm	Xavier Gabaix, Harvard University and NBER Ralph S. J. Koijen, University of Chicago and NBER In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis
12:45 pm	Lunch
Wednesday, July 12
9:00 am	Coffee and Pastries
9:30 am	Joel P. Flynn, Yale University George Nikolakoudis, Princeton University Karthik Sastry, Princeton University and NBER Prices vs. Quantities: A Macroeconomic Analysis
10:15 am	Manuel Amador, University of Minnesota and NBER Javier Bianchi, Federal Reserve Bank of Minneapolis Helicopter Drops and Liquidity Traps (slides)
11:00 am	Break
11:15 am	Meghana Gaur, Princeton University John R. Grigsby, Princeton University and NBER Jonathon Hazell, London School of Economics Abdoulaye Ndiaye, New York University Bonus Question: Does Flexible Incentive Pay Dampen Unemployment Fluctuations?
12:00 pm	Guido Lorenzoni, University of Chicago and NBER Iván Werning, Massachusetts Institute of Technology and NBER Wage Price Spirals (slides)
12:45 pm	Lunch
Thursday, July 13
9:00 am	Coffee and Pastries
9:30 am	Jesús Fernández-Villaverde, University of Pennsylvania and NBER Yang Yu, Shanghai Jiao Tong University Francesco Zanetti, University of Oxford Technological Synergies, Heterogenous Firms, and Idiosyncratic Volatility
10:15 am	Camilo Morales-Jimenez, Federal Reserve Board of Governors Luminita Stevens, University of Maryland Price Rigidities in U.S. Business Cycles (slides)
11:00 am	Break
11:00 am	Break
11:15 am	Daron Acemoglu, Massachusetts Institute of Technology and NBER Alireza Tahbaz-Salehi, Northwestern University Firms, Failures, and Fluctuations: The Macroeconomics of Supply Chain Disruptions
12:00 pm	Elisa Rubbo, University of Chicago and NBER What Drives Inflation? Lessons from Disaggregated Price Data
12:45 pm	Lunch
Friday, July 14
9:00 am	Coffee and Pastries
9:30 am	Martin Beraja, Massachusetts Institute of Technology and NBER Nathan Zorzi, Dartmouth College On the Size of Stimulus Checks: How Much is Too Much?
10:15 am	Hassan Afrouzi, Columbia University and NBER Saroj Bhattarai, University of Texas at Austin Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach (slides)
11:15 am	Luca Gagliardone, New York University Mark Gertler, New York University and NBER Oil Price, Monetary Policy and Inflation Surges
12:00 pm	Giovanni L. Violante, Princeton University and NBER Felipe Alves, Bank of Canada Some Like It Hot: Inclusive Monetary Policy Under Okun’s Hypothesis
12:45 pm	Lunch