SI 2023 Monetary Economics

Emi Nakamura and Jón Steinsson, Organizers

July 10-14, 2023

Charles Room AB

Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA and zoom.us

Monday, July 10
12:15 pm	Lunch
1:15 pm	Price Setting When Expectations Are Unanchored (slides)
2:00 pm	Indirect Consumer Inflation Expectations: Theory and Evidence (slides)
2:45 pm	Break
3:00 pm	The Monetary Dynamics of Hyperinflation Reconsidered (slides)
3:45 pm	The Natural Yield of Capital: Quasi-Experimental Evidence from UK Leaseholds
4:30 pm	Adjourn
Tuesday, July 11
12:15 pm	Lunch
1:15 pm	Speeches by the Fed Chair Are More Important than FOMC Announcements: An Improved High-Frequency Measure of U.S. Monetary Policy Shocks
2:00 pm	Identifying Monetary Policy Shocks: A Natural Language Approach
2:45 pm	Break
3:00 pm	The Safety Net: Central Bank Balance Sheets and Financial Crises (slides)
3:45 pm	Adjourn The Feldstein Lecture follows at 4:00
Wednesday, July 12
2023	Joint on Wednesday morning with Macro, Money and Financial Frictions and International Finance and Macroeconomics in Ballroom A
Thursday, July 13
12:15 pm	Lunch
1:15 pm	What Caused the U.S. Pandemic-Era Inflation?
2:00 pm	Supply Chain Constraints and Inflation (slides)
2:45 pm	Break
3:00 pm	How Oil Shocks Propagate: Evidence on the Monetary Policy Channel
3:45 pm	Reserve Demand, Interest Rate Control, and Quantitative Tightening
4:30 pm	It’s Baaack: The Inflation Surge of 2020s and the Return of the Non-Linear Phillips Curve
5:15 pm	Adjourn
Friday, July 14
12:15 pm	Lunch
1:15 pm	Inflation is Conflict (slides)
2:00 pm	Evaluating Policy Institutions ---150 Years of US Monetary Policy---
2:45 pm	Break
3:00 pm	Global Monetary and Financial Spillovers: Evidence from a New Measure of Bundesbank Policy Shocks
3:45 pm	Back to the 1980s or Not? The Drivers of Inflation and Real Risks in Treasury Bonds
4:30 pm	Adjourn