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	Optimal Monetary Policy with r*<0 (slides)
10:15 am	Investment, Savings and Aggregate Demand: Is Monetary Policy Enough?
11:00 am	Break
11:15 am	Competition and the Phillips Curve (slides)
12:00 pm	A Model of Credit, Money, Interest, and Prices
12:45 pm	Lunch
Tuesday, July 11
9:00 am	Coffee and Pastries
9:30 am	Downward Nominal Rigidities and Bond Premia (slides)
10:15 am	Expectations and Credit Slumps (slides)
11:00 am	Break
11:15 am	Consumer Bankruptcy as Aggregate Demand Management
12:00 pm	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	Prices vs. Quantities: A Macroeconomic Analysis
10:15 am	Helicopter Drops and Liquidity Traps (slides)
11:00 am	Break
11:15 am	Bonus Question: Does Flexible Incentive Pay Dampen Unemployment Fluctuations?
12:00 pm	Wage Price Spirals (slides)
12:45 pm	Lunch
Thursday, July 13
9:00 am	Coffee and Pastries
9:30 am	Technological Synergies, Heterogenous Firms, and Idiosyncratic Volatility
10:15 am	Price Rigidities in U.S. Business Cycles (slides)
11:00 am	Break
11:00 am	Break
11:15 am	Firms, Failures, and Fluctuations: The Macroeconomics of Supply Chain Disruptions
12:00 pm	What Drives Inflation? Lessons from Disaggregated Price Data
12:45 pm	Lunch
Friday, July 14
9:00 am	Coffee and Pastries
9:30 am	On the Size of Stimulus Checks: How Much is Too Much?
10:15 am	Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach (slides)
11:15 am	Oil Price, Monetary Policy and Inflation Surges
12:00 pm	Some Like It Hot: Inclusive Monetary Policy Under Okun’s Hypothesis
12:45 pm	Lunch