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, University of Texas at Austin 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, Federal Reserve Bank of Cleveland 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, University of California, Irvine 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, University of Bonn 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 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 Annette Vissing-Jorgensen, Federal Reserve Board 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