SI 2024 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 8-12, 2024

University BC

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

Monday, July 8
9:00 am	Coffee and Pastries
9:30 am	Ester Faia, Goethe University Frankfurt Ekaterina Shabalina, Reserve Bank of Australia What Central Bankers Can Learn from Models with Idiosyncratic Risk
10:15 am	Asger L. Andersen, University of Copenhagen Kilian Huber, University of Chicago and NBER Niels Johannesen, University of Oxford Ludwig Straub, Harvard University and NBER Emil Toft Vestergaard, University of Copenhagen Disaggregated Economic Accounts
11:00 am	Break
11:15 am	Francesco Bianchi, Johns Hopkins University and NBER Cosmin L. Ilut, Duke University and NBER Hikaru Saijo, University of California, Santa Cruz Smooth Diagnostic Expectations
12:00 pm	Jesús Fernández-Villaverde, University of Pennsylvania and NBER Oren Levintal, Reichman University The Distributional Effects of Asset Returns
12:45 pm	Lunch and Adjourn
Tuesday, July 9
9:00 am	Coffee and Pastries
9:30 am	Frank Smets, Bank for International Settlements Rafael Wouters, National Bank of Belgium Fiscal Backing, Inflation and US Business Cycles
10:15 am	Tomás E. Caravello, Massachusetts Institute of Technology Alisdair McKay, Federal Reserve Bank of Minneapolis Christian K. Wolf, Massachusetts Institute of Technology and NBER Evaluating Policy Counterfactuals: A "VAR-Plus" Approach
11:00 am	Break
11:15 am	Paul Castillo, Central Bank of Peru Ruy E. Lama, International Monetary Fund Juan Pablo Medina, Universidad Adolfo Ibanez Escaping the Financial Dollarization Trap: The Role of Foreign Exchange Intervention
12:00 pm	Enrique G. Mendoza, University of Pennsylvania and NBER Vincenzo Quadrini, University of Southern California and NBER The Surge in Emerging Markets’ International Reserves and the Rise in Global Volatility
12:45 pm	Lunch and Adjourn
Wednesday, July 10
9:00 am	Coffee and Pastries
9:30 am	Christopher Clayton, Yale University and NBER Matteo Maggiori, Stanford University and NBER Jesse Schreger, Columbia University and NBER A Framework for Geoeconomics
10:15 am	Michelle Alexopoulos, University of Toronto Xinfen Han, Bank of Canada Oleksiy Kryvtsov, Bank of Canada Xu Zhang, Bank of Canada Mixed Signals? How Media Distills Central Bank Messages (slides)
11:00 am	Break
11:15 am	Stefano Eusepi, Brown University Marc P. Giannoni, Barclays Corporate and Investment Bank Bruce Preston, University of Melbourne Distorted Beliefs, Asset Pricing and Monetary Policy
12:00 pm	Luca Gagliardone, New York University Mark Gertler, New York University and NBER Simone Lenzu, New York University Joris Tielens, National Bank of Belgium Nonlinear Cost Price Dynamics: Firm Level Evidence and Aggregate Consequences (slides)
12:45 pm	Lunch and Adjourn
Thursday, July 11
9:00 am	Coffee and Pastries
9:30 am	Florin O. Bilbiie, University of Cambridge Diego R. Känzig, Northwestern University and NBER Greed? Profits, Inflation, and Aggregate Demand
10:15 am	Joao Guerreiro, University of California, Los Angeles Jonathon Hazell, London School of Economics Chen Lian, University of California, Berkeley and NBER Christina Patterson, University of Chicago and NBER Why do Workers Dislike Inflation? Wage Erosion and Conflict Costs
11:00 am	Break
11:15 am	Hassan Afrouzi, Columbia University and NBER Joel P. Flynn, Yale University Choongryul Yang, Federal Reserve Board of Governors What Can Measured Beliefs Tell Us About Monetary Non-Neutrality?
12:00 pm	Michael Weber, University of Chicago and NBER Bernardo Candia, University of California, Berkeley Hassan Afrouzi, Columbia University and NBER Tiziano Ropele, Bank of Italy Rodrigo Lluberas, Universidad ORT Uruguay Serafin Frache, Universidad de Montevideo Brent H. Meyer, Federal Reserve Bank of Atlanta Saten Kumar, AUT University Yuriy Gorodnichenko, University of California, Berkeley and NBER Dimitris Georgarakos, European Central Bank Tell me Something I don't Already Know
12:45 pm	Lunch and Adjourn
Friday, July 12
9:00 am	Coffee and Pastries
9:30 am	Stephanie Schmitt-Grohé, Columbia University and NBER Martín Uribe, Columbia University and NBER Heterogeneous Downward Nominal Wage Rigidity: Foundations of a Nonlinear Phillips Curve (slides)
10:15 am	Andres Blanco, Federal Reserve Bank of Atlanta Corina Boar, New York University and NBER Callum J. Jones, Federal Reserve Board of Governors Virgiliu Midrigan, New York University and NBER The Inflation Accelerator
11:00 am	Break
11:15 am	Oliver Pfäuti, University of Texas at Austin The Inflation Attention Threshold and Inflation Surges (slides)
12:00 pm	Christopher Erceg, International Monetary Fund Jesper Lindé, Sveriges Riksbank Mathias Trabandt, Goethe University Frankfurt Monetary Policy and Inflation Scares
12:45 pm	Lunch and Adjourn