8th Annual Central Bank Research Association (CEBRA)
Workshop for Commodities and Macroeconomics

Robins School of Business - University of Richmond (VA)

 

Program Notes and Index of Sessions

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeTitle/LocationPapers
1November 21, 2025
8:30-9:00
Registration / Continental Breakfast

    Location: RSB - Robbins Tower / Moelchert Commons

0
2November 21, 2025
9:00-9:15
University of Richmond Welcome: Dean M. Quiñones

    Location: Ukrop Auditorium

0
3November 21, 2025
9:20-10:40
Commodities & Geopolitics

    Location: Ukrop Auditorium

2
4November 21, 2025
10:40-11:00
Coffee Break

    Location: Moelchert Commons

0
5November 21, 2025
11:00-12:20
Booms & Busts

    Location: Ukrop Auditorium

2
6November 21, 2025
12:30-13:30
Lunch & Posters: Commodity news identification & consequences

    Location: Moelchert Commons

2
7November 21, 2025
13:30-15:30
Commodity Shocks & Inflation

    Location: Ukrop Auditorium

3
8November 21, 2025
15:30-16:00
Coffee Break

    Location: Moelchert Commons

0
9November 21, 2025
16:00-17:00
Keynote Address: Kris Jacobs, Bauer Chair in Finance, University of Houston0
10November 21, 2025
17:00-18:00
Reception

    Location: Moelchert Commons

0
11November 21, 2025
18:00-18:10
Departure for Dinner (by invitation only)

    Location: RSB - Side Entrance on The Circle

0
12November 21, 2025
18:10-20:00
Dinner for Presenters, Discussants, Chairs & Organizers

    Location: Tyler Haynes Commons

0
13November 22, 2025
8:30-9:00
Registration / Continental Breakfast

    Location: RSB - Robbins Tower / Moelchert Commons

0
14November 22, 2025
9:00-11:00
Global Supply Chains

    Location: Ukrop Auditorium

3
15November 22, 2025
11:00-11:20
Coffee Break

    Location: Moelchert Commons

0
16November 22, 2025
11:20-12:40
Hedging: Who, Why, How, and So What for the Economy?

    Location: Ukrop Auditorium

2
17November 22, 2025
12:40-13:40
Lunch

    Location: Moelchert Commons

0
18November 22, 2025
13:40-13:45
End of Conference & Return to Hotel

    Location: RSB - Side Entrance on The Circle

0
 

18 sessions, 14 papers, and 0 presentations with no associated papers


 

8th Annual Central Bank Research Association (CEBRA)
Workshop for Commodities and Macroeconomics

Detailed List of Sessions

 
Session 1: Registration / Continental Breakfast
November 21, 2025 8:30 to 9:00
Location: RSB - Robbins Tower / Moelchert Commons
 
 
Session 2: University of Richmond Welcome: Dean M. Quiñones
November 21, 2025 9:00 to 9:15
Location: Ukrop Auditorium
 
 
Session 3: Commodities & Geopolitics
November 21, 2025 9:20 to 10:40
Location: Ukrop Auditorium
 
Session Chair: Casey Petroff, University of Rochester
 

1. The Effects of Geopolitical Oil Price Shocks
   By Guillermo Verduzco-Bustos; World Bank Group
   Francesco Zanetti; University of Oxford
   Presented by: Guillermo Verduzco-Bustos, World Bank Group
   Discussant:   Nida Cakir Melek, Federal Reserve Bank of Kansas City
 

2. Geopolitical Oil Price Risk and Economic Fluctuations
   By Lutz Kilian; Federal Reserve Bank of Dallas
   Presented by: Lutz Kilian, Federal Reserve Bank of Dallas
   Discussant:   Steven Baker, Federal Reserve Bank of Richmond
 

Discussants:
     1 Nida Cakir Melek, Federal Reserve Bank of Kansas City
     2 Steven Baker, Federal Reserve Bank of Richmond
 
Session 4: Coffee Break
November 21, 2025 10:40 to 11:00
Location: Moelchert Commons
 
 
Session 5: Booms & Busts
November 21, 2025 11:00 to 12:20
Location: Ukrop Auditorium
 
Session Chair: Esen Onur, CFTC
 

1. Commodity Booms, Productivity and Misallocation: Evidence from Chile's Administrative Data
   By Younghun Shim; IMF
   Presented by: Younghun Shim, IMF
   Discussant:   Fariha Kamal, Federal Reserve Board
 

2. Piecing the puzzle: real exchange rates and long-run fundamentals
   By Hilde Bjørnland; BI Norwegian Business School
   Leif Brubakk; Norges Bank
   Nicolo' Maffei-Faccioli; Norges Bank
   Presented by: Hilde Bjørnland, BI Norwegian Business School
   Discussant:   Nils Goernemann, Federal Reserve Board
 

Discussants:
     1 Fariha Kamal, Federal Reserve Board
     2 Nils Goernemann, Federal Reserve Board
 
Session 6: Lunch & Posters: Commodity news identification & consequences
November 21, 2025 12:30 to 13:30
Location: Moelchert Commons
 
Session Chair: Michel Robe, University of Richmond - Robins School of Business
 

1. The Macroeconomic Effects of Agricultural Supply News
   By Jungkeon Jo; University of Georgia
   Michael Adjemian; University of Georgia
   Presented by: Jungkeon Jo, University of Georgia
 

2. Searching for Risk Premia in Agricultural Commodity Markets
   By Michael Adjemian; University of Georgia
   Christopher Burns; Commodity Futures Trading Commission
   Daniel Prager; Commodity Futures Trading Commission
   Michel Robe; University of Richmond
   Presented by: Daniel Prager, Commodity Futures Trading Commission
 
Session 7: Commodity Shocks & Inflation
November 21, 2025 13:30 to 15:30
Location: Ukrop Auditorium
 
Session Chair: Deepa Datta, Federal Reserve Board of Governors
 

1. Energy Shocks, Consumption Disparities & The Inflation-Inequality Dilemma
   By Rosi Chankova; Bank of England
   Momo Komatsu; Federal Reserve Board
   Presented by: Rosi Chankova, Bank of England
   Discussant:   Arpita Chatterjee, Federal Reserve Board
 

2. Beyond Energy: Inflationary Effects of Metals Price Shocks in Production Networks
   By Jorge Miranda; IMF
   Andrea Pescatori; IMF
   Martin Stuermer; IMF
   Presented by: Martin Stuermer, IMF
   Discussant:   Momo Komatsu, Federal Reserve Board
 

3. The Transmission of Foreign Shocks in a Networked Economy
   By Pablo Aguilar; Bank of Spain
   Ruben Dominguez Diaz; Bank of Spain
   José-Elías Gallegos; Banco de España
   Javier Quintana; Bank of Spain
   Presented by: José-Elías Gallegos, Banco de España
   Discussant:   Martin Bodenstein, Federal Reserve Board
 

Discussants:
     1 Arpita Chatterjee, Federal Reserve Board
     2 Momo Komatsu, Federal Reserve Board
     3 Martin Bodenstein, Federal Reserve Board
 
Session 8: Coffee Break
November 21, 2025 15:30 to 16:00
Location: Moelchert Commons
 
 
Session 9: Keynote Address: Kris Jacobs, Bauer Chair in Finance, University of Houston
November 21, 2025 16:00 to 17:00
 
Session Chair: Michel Robe, University of Richmond - Robins School of Business
 
Session 10: Reception
November 21, 2025 17:00 to 18:00
Location: Moelchert Commons
 
 
Session 11: Departure for Dinner (by invitation only)
November 21, 2025 18:00 to 18:10
Location: RSB - Side Entrance on The Circle
 
 
Session 12: Dinner for Presenters, Discussants, Chairs & Organizers
November 21, 2025 18:10 to 20:00
Location: Tyler Haynes Commons
 
 
Session 13: Registration / Continental Breakfast
November 22, 2025 8:30 to 9:00
Location: RSB - Robbins Tower / Moelchert Commons
 
 
Session 14: Global Supply Chains
November 22, 2025 9:00 to 11:00
Location: Ukrop Auditorium
 
Session Chair: John Baffes, World Bank
 

1. Global Shocks and Localization of Supply Chains
   By Anindya Chakrabarti; Indian Institute of Management Ahmedabad
   Kanika Mahajan; Ashoka University
   Shekhar Tomar; Indian School of Business
   Presented by: Anindya Chakrabarti, Indian Institute of Management Ahmedabad
   Discussant:   Summer Liu, University of Richmond
 

2. Farm to Firm: Clustering and Returns to Scale in Agricultural Supply Chains
   By James Sayre; UC Davis
   Presented by: James Sayre, UC Davis
   Discussant:   Paolo Gelain, Federal Reserve Bank of Cleveland
 

3. Operating Capacity, Pricing and Supply Elasticity in Container Shipping Markets
   By Nikos Nomikos; Bayes Business School
   Presented by: Nikos Nomikos, Bayes Business School
   Discussant:   John Baffes, World Bank
 

Discussants:
     1 Summer Liu, University of Richmond
     2 Paolo Gelain, Federal Reserve Bank of Cleveland
     3 John Baffes, World Bank
 
Session 15: Coffee Break
November 22, 2025 11:00 to 11:20
Location: Moelchert Commons
 
 
Session 16: Hedging: Who, Why, How, and So What for the Economy?
November 22, 2025 11:20 to 12:40
Location: Ukrop Auditorium
 
Session Chair: Olga Isengildina-Massa, Virginia Tech University
 

1. Purchase Obligations and Hedging
   By Alvaro Boitier; Babson College
   Brian Pustilnik; Central Bank Of Chile
   Presented by: Alvaro Boitier, Babson College
   Discussant:   Andrei Kirilenko, University of Cambridge
 

2. Managing Price Rrisk and Quantity Risk: Evidence from Cotton Merchants
   By Scott Mixon
   David Reiffen; US CFTC
   Presented by: Scott Mixon,
   Discussant:   Olga Isengildina-Massa, Virginia Tech University
 

Discussants:
     1 Andrei Kirilenko, University of Cambridge
     2 Olga Isengildina-Massa, Virginia Tech University
 
Session 17: Lunch
November 22, 2025 12:40 to 13:40
Location: Moelchert Commons
 
 
Session 18: End of Conference & Return to Hotel
November 22, 2025 13:40 to 13:45
Location: RSB - Side Entrance on The Circle
 
 

18 sessions, 14 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Baffes, JohnD14, D14, C14
2Baker, StevenD3, D3
3Bjørnland, HildeP5
4Bodenstein, MartinD7, D7
5Boitier, AlvaroP16
6Cakir Melek, NidaD3, D3
7Chakrabarti, AnindyaP14
8Chankova, RosiP7
9Chatterjee, ArpitaD7, D7
10Datta, DeepaC7
11Gallegos, José-ElíasP7
12Gelain, PaoloD14, D14
13Goernemann, NilsD5, D5
14Isengildina-Massa, OlgaD16, D16, C16
15Jo, JungkeonP6
16Kamal, FarihaD5, D5
17Kilian, LutzP3
18Kirilenko, AndreiD16, D16
19Komatsu, MomoD7, D7
20Liu, SummerD14, D14
21Mixon, ScottP16
22Nomikos, NikosP14
23Onur, EsenC5
24Petroff, CaseyC3
25Prager, DanielP6
26Robe, MichelC6, C9
27Sayre, JamesP14
28Shim, YounghunP5
29Stuermer, MartinP7
30Verduzco-Bustos, GuillermoP3

 

This program was last updated on 2025-10-28 14:21:29 EDT