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 of Governors

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, Bank of Canada
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, College Park 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 and NBER
Niels Joachim Gormsen, University of Chicago and NBER
Kilian Huber, University of Chicago and NBER

Sticky Discount Rates
2:00 pm
Julia Selgrad, University of Chicago

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 of Governors
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, The University of Hong Kong (HKU)
Thuy Lan Nguyen, Federal Reserve Bank of San Francisco
Steven Pennings, The 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