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	Joao Ayres, Inter-American Development Bank Marco Bonomo, Insper Institute of Education and Research Carlos Carvalho, Kapitalo Investimentos and PUC-Rio Stefano Eusepi, Brown University Silvia Matos, IBRE, Getulio Vargas Foundation Marina Perrupato, IADB Daniel Abib, University of Western Ontario Price Setting When Expectations Are Unanchored (slides)
2:00 pm	Ina Hajdini, Federal Reserve Bank of Cleveland Edward S. Knotek II, Federal Reserve Bank of Cleveland John C. Leer, Morning Consult Mathieu Pedemonte, Inter-American Development Bank Robert W. Rich, Federal Reserve Bank of Cleveland Raphael Schoenle, Brandeis University Indirect Consumer Inflation Expectations: Theory and Evidence (slides)
2:45 pm	Break
3:00 pm	Luca Benati, University of Bern The Monetary Dynamics of Hyperinflation Reconsidered (slides)
3:45 pm	Veronica Backer Peral, Princeton University Jonathon Hazell, London School of Economics Atif R. Mian, Princeton University and NBER 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	Eric T. Swanson, University of California, Irvine and NBER Vishuddhi Jayawickrema 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	S. Borağan Aruoba, University of Maryland and NBER Thomas Drechsel, University of Maryland and NBER Identifying Monetary Policy Shocks: A Natural Language Approach
2:45 pm	Break
3:00 pm	Niall Ferguson, Harvard University Martin Kornejew, Bocconi University Paul Schmelzing, Boston College and Hoover Institution, Stanford Moritz Schularick, Kiel Institute for the World Economy & Sciences Po 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	Ben S. Bernanke, Brookings Institution Olivier J. Blanchard, Peterson Institute for International Economics and NBER What Caused the U.S. Pandemic-Era Inflation?
2:00 pm	Diego A. Comin, Dartmouth College and NBER Robert C. Johnson, University of Notre Dame and NBER Callum J. Jones, Federal Reserve Board of Governors Supply Chain Constraints and Inflation (slides)
2:45 pm	Break
3:00 pm	Dmitriy Sergeyev, Bocconi University Thuy Lan Nguyen, Federal Reserve Bank of San Francisco Wataru Miyamoto, University of Hong Kong How Oil Shocks Propagate: Evidence on the Monetary Policy Channel
3:45 pm	David López-Salido, Federal Reserve Board of Governors Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER Reserve Demand, Interest Rate Control, and Quantitative Tightening
4:30 pm	Gauti B. Eggertsson, Brown University and NBER Pierpaolo Benigno, University of Bern 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	Iván Werning, Massachusetts Institute of Technology and NBER Guido Lorenzoni, University of Chicago and NBER Inflation is Conflict (slides)
2:00 pm	Regis Barnichon, Federal Reserve Bank of San Francisco Geert Mesters, Universitat Pompeu Fabra Evaluating Policy Institutions ---150 Years of US Monetary Policy---
2:45 pm	Break
3:00 pm	James Cloyne, University of California, Davis and NBER Patrick Hürtgen, Deutsche Bundesbank Alan M. Taylor, Columbia University and NBER Global Monetary and Financial Spillovers: Evidence from a New Measure of Bundesbank Policy Shocks
3:45 pm	Carolin Pflueger, University of Chicago and NBER Back to the 1980s or Not? The Drivers of Inflation and Real Risks in Treasury Bonds
4:30 pm	Adjourn