SI 2024 Monetary Economics

Emi Nakamura and Jón Steinsson, Organizers

July 8-12, 2024

Charles AB

Format: Authors present for 45 minutes with questions throughout

Conference Code of Conduct

Monday, July 8
12:15 pm
Lunch
1:15 pm
Christoph Boehm, University of Texas at Austin and NBER
T. Niklas Kroner, Federal Reserve Board

Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock
2:00 pm
Jose L. Montiel Olea, Cornell University
Mikkel Plagborg-Møller, Princeton University
Eric Qian, Princeton University
Christian K. Wolf, Massachusetts Institute of Technology and NBER

Double Robustness of Local Projections and Some Unpleasant VARithmetic
2:45 pm
Break
3:00 pm
Sergio Lago Alves, Central Bank of Brazil
Hashmat U. Khan, Carleton University

Are New Keynesian Models Useful When Trend Inflation is Not Low?
3:45 pm
S. Borağan Aruoba, University of Maryland and NBER
Kai Chung Oue, The Hong Kong Polytechnic University
Felipe Saffie, University of Virginia and NBER
Jonathan Willis, Federal Reserve Bank of Atlanta

Non-Constant Demand Elasticities, Firm Dynamics and Monetary Non-Neutrality: Role of Demand Shocks
4:30 pm
Adjourn
Tuesday, July 9
12:15 pm
Lunch
1:15 pm
Masao Fukui, Boston University
Niels Joachim Gormsen, University of Chicago and NBER
Kilian Huber, University of Chicago and NBER

Sticky Discount Rates
2:00 pm
Julia Selgrad, New York University

Testing the Portfolio Rebalancing Channel of Quantitative Easing
2:45 pm
Break
3:00 pm
Stefan Nagel, University of Chicago and NBER

Leaning Against Inflation Experiences
3:45 pm
Hie Joo Ahn, Federal Reserve Board
Leland E. Farmer, University of Virginia

Disagreement About the Term Structure of Inflation Expectations (slides)
4:30 pm
Adjourn
Wednesday, July 10
8:00 am
Coffee and Pastries
Morning session joint with MEFM in Ballroom A
8:30 am
Ballroom A
Adrien Matray, Princeton University and NBER
Karsten Müller, National University of Singapore
Chenzi Xu, University of California, Berkeley and NBER
Poorya Kabir, National University of Singapore

EXIM’s Exit: The Real Effects of Trade Financing by Export Credit Agencies
Discussant: Kilian Huber, University of Chicago and NBER
9:30 am
Break
9:45 am
Ballroom A
Mauricio Ulate, Federal Reserve Bank of San Francisco
Pascal Paul, Federal Reserve Bank of San Francisco
Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER

A Macroeconomic Model of Central Bank Digital Currency
Discussant: Todd Keister, Rutgers University
10:45 am
Break
11:00 am
Ballroom A
Dmitry Livdan, University of California, Berkeley
Norman Schurhoff, University of Lausanne
Vladimir Sokolov, ICEF Higher School of Economics

The Economic Impact of Payment System Stress: Evidence from Russia
Discussant: Thomas M. Eisenbach, Federal Reserve Bank of New York
12:00 pm
Lunch and Adjourn
Thursday, July 11
12:15 pm
Lunch
1:15 pm
Robert J. Barro, Harvard University and NBER
Francesco Bianchi, Johns Hopkins University and NBER

Fiscal Influences on Inflation in OECD Countries, 2020-2022 (slides)
2:00 pm
Arthur G. Mendes, PUC-Rio
Wataru Miyamoto, University of Hong Kong
Thuy Lan Nguyen, Federal Reserve Bank of San Francisco
Steven Pennings, World Bank
Leo Feler, Brown University

The Macroeconomic Effects of Cash Transfers: Evidence from Brazil
2:45 pm
Break
3:00 pm
Yoon Joo. Jo, Texas A&M University
Benjamin Klopack, Texas A&M University

Fueling Expectations: The Causal Impact of Gas Prices on Inflation Expectations and Consumption
3:45 pm
Olena Kostyshyna, Bank of Canada
Luba Petersen, Simon Fraser University and NBER
Jing Yang, Bank of Canada

Why Don't History-dependent Monetary Policies Work?
4:30 pm
Adjourn
Friday, July 12
12:15 pm
Lunch
1:15 pm
Michele Andreolli, Boston College
Natalie S. Rickard, London Business School
Paolo Surico, London Business School

Non-essential Business Cycles
2:00 pm
George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER
Christian K. Wolf, Massachusetts Institute of Technology and NBER

Deficits and Inflation: HANK meets FTPL
2:45 pm
Break
3:00 pm
Stéphane Dupraz, Banque de France
Magali Marx, Banque de France

Anchoring Boundedly Rational Expectations
3:45 pm
Roberto Gomez Cram, New York University
Howard Kung, London Business School
Hanno Lustig, Stanford University and NBER

Can US Treasury Markets Add and Subtract?
4:30 pm
Adjourn