Conference
Agenda
Thursday, May 7
Registration
Introductory Remarks: Trevor Reeve (Director, Division of Monetary Affairs, Federal Reserve Board)
Session I
Session Chair: Margaret Jacobson (Federal Reserve Board)
The Slope of the Phillips Curve and the Mandate of the Central Bank
Authors: Jean-Paul L’Huillier (Brandeis University), Gregory Phelan (Williams College), Ernesto Pasten (Banco de Chile), and William R. Zame (UCLA)
Discussant: Dan Cao (Georgetown University)
Monetary Policy Normalization in the New Normal: The Role of Quantitative Tightening
Authors: Martin Arazi (Bank of England)
Discussant: Arsenios Skaperdas (Federal Reserve Board)
Break
Session II
Session Chair: Andreas Tischbirek (Federal Reserve Board)
The Future in Today’s Prices: Evidence from Trade Policy Shocks
Authors: Philippe Andrade (Federal Reserve Bank of Boston), Alexander M. Dietrich (Danmarks Nationalbank), John Leer (Morning Consult), Raphael S. Schoenle (Brandeis University), Jenny Tang (Federal Reserve Bank of Boston), and Egon Zakrajsek (Federal Reserve Bank of Boston)
Discussant: Victoria Consolvo (University of Notre Dame)
State-Dependent Forecasting in Volatile Times
Authors: Isaac Baley (UPF, CREI, BSE, and CEPR) and Javier Turén (Pontificia Universidad Católica de Chile)
Discussant: Luminita Stevens (University of Maryland)
Lunch
Keynote Speech: Laura Veldkamp (Columbia University)
Break
Session III
Session Chair: Cynthia Doniger (Federal Reserve Board)
Theory meets Textual Analysis: Measuring Firm-Level Labor Cost Pressures and Inflation Pass-Through
Authors: Aakash Kalyani (Federal Reserve Bank of St. Louis) and Serdar Ozkan (Federal Reserve Bank of St. Louis)
Discussant: Matteo Iacoviello (Federal Reserve Board)
Optimal Taxation in the Age of AI Uncertainty
Authors: Anastasios Karantounias (University of Surrey), Radoslaw Paluszynski (University of Houston), and Pei Cheng Yu (University of South Wales)
Discussant: Hans Holter (University of Delaware)
Break
Session IV
Session Chair: Immo Schott (Federal Reserve Board)
The Dynamics of Firm-Level Pay: Theory and Evidence from Portugal
Authors: Rui Castro (McGill University) and Gian Luca Clementi (New York University)
Discussant: Seula Kim (Penn State University)
End of Day 1
Friday, May 8
Arrival
Session V
Session Chair: Larry Warren (U.S. Census Bureau Center for Economic Studies)
Aging Society and Job Polarization
Authors: Oksana Leukhina (Federal Reserve Bank of St. Louis) and Makoto Nakajima (Federal Reserve Bank of Philadelphia)
Discussant: Karen Kopecky (Federal Reserve Bank of Cleveland)
Changing Jobs to Fight Inflation: Labor Market Reactions to Inflationary Shocks
Authors: Gorkem Bostanci (University of British Columbia), Omer Koru (Penn State University), and Sergio Villalvazo (Federal Reserve Board)
Discussant: Victoria Gregory (Federal Reserve Bank of St. Louis)
Break
Session VI
Session Chair: Jay Kahn (Federal Reserve Board)
Global Investors in Local-Currency Bond Markets: Implications for Bond Yields and Exchange Rates
Authors: Pierre De Leo (University of Maryland), Lorena Keller (Texas A&M University), Giuliano Simoncelli (University of Maryland), Mauricio Villamizar Villegas (Banco de la República de Colombia), and Tomás Williams (George Washington University)
Discussant: Stelios Fourakis (Johns Hopkins University)
Fiscal Inflation with Incomplete Information
Authors: Junjie Guo (Central University of Finance and Economics, Beijing), Zhao Han (William & Mary), and Abhiprerna Smit (William & Mary)
Discussant: Will Witheridge (University of Maryland)
Lunch
Keynote Speech: Gianluca Violante (Princeton University)
Break
Session VII
Session Chair: Carlos Ramirez (Federal Reserve Board)
A Quantitative Model of Bank Merger Dynamics
Authors: Dean Corbae (University of Wisconsin–Madison), Pablo D’Erasmo (Federal Reserve Bank of Philadelphia), and Charles R. Smith (University of Wisconsin–Madison)
Discussant: Felicia Ionescu (Federal Reserve Board)
Bailouts and Financial Fragility Revisited
Author: Yuliyan Mitkov (University of Vienna)
Discussant: Chao Gu (University of Missouri–Columbia)
Break
Session VIII
Session Chair: Martin Gervais (University of Georgia)
Bailout Expectations, Default Risk and Dynamics of Bank Credit Spreads
Author: Luigi Falasconi (University of Pennsylvania)
Discussant: David Rappoport (Federal Reserve Board)
End of Day 2
Organizers: Francesca Carapella (Federal Reserve Board), Margaret Jacobson (Federal Reserve Board), Borghan Narajabad (Federal Reserve Board), Romina Ruprecht (Federal Reserve Board), Immo Schott (Federal Reserve Board), Andreas Tischbirek (Federal Reserve Board) with David Andolfatto (University of Miami), Martin Gervais (University of Georgia), and Gabe Lee (University of Regensburg)
Email: [email protected]