Midwest Macro Spring 2022

Logan, Utah

 
May 20, 2022
 
TimeLocationEvent
 
08:00 to 17:00Huntsman Hall, Perry Pavilion (4th Floor)
Registration
 
 
08:00 to 09:00Huntsman Hall, Perry Pavilion
Continental Breakfast
 
 
09:00 to 10:30see below Parallel Sessions I
 
 
10:30 to 10:45Huntsman Hall, Perry Pavilion & Tanner Terrace
Break
 
 
10:45 to 12:15see below Parallel Sessions II
 
 
12:15 to 13:30Huntsman Hall, Perry Pavilion
Lunch
 
 
13:30 to 15:00see below Parallel Sessions III
 
 
15:00 to 15:30Huntsman Hall, Perry Pavilion & Tanner Terrace
Break
 
 
15:30 to 17:00see below Parallel Sessions IV
 
 
17:15 to 18:15Eccles Business Auditorium Room 215
Aysegul Sahin Keynote
 
 
19:00 to 21:00Riverwoods Conference Center at Spring Hill Marriott (Mahogany Room)
Conference Dinner
 
 
 
May 21, 2022
 
TimeLocationEvent
 
07:30 to 08:00Huntsman Hall, Perry Pavilion
Continental Breakfast
 
 
08:00 to 09:30see below Parallel Sessions V
 
 
09:30 to 09:50Huntsman Hall, Perry Pavilion & Tanner Terrace
Break
 
 
09:50 to 11:20see below Parallel Session VI
 
 
11:20 to 12:20Huntsman Hall, Perry Pavilion & Tanner Terrace
Lunch
 
 
12:20 to 13:50see below Parallel Session VII
 
 
14:00 to 15:00Eccles Business Auditorium Room 215
Tom Sargent Keynote
 
 
15:00 to 16:00Huntsman Hall, Perry Pavilion
Ice Cream Social
 
 

 

Program Notes and Index of Sessions

Parallel Sessions I
Locations: click on each session to see location
May 20, 2022 09:00 to 10:30
 
Sovereign Default, Huntsman Hall 220
Labor Mobility, Huntsman Hall 222
Economic Responses to COVID-19, Huntsman Hall 322
Macro-Housing I, Huntsman Hall 226
Wealth and Wage Dynamics, Huntsman Hall 320
Heterogeneous agents, Huntsman Hall 326
Empirical Macro, Huntsman Hall 360

Parallel Sessions II
Locations: click on each session to see location
May 20, 2022 10:45 to 12:15
 
Papers For When Inflation Is Low Once More, Huntsman Hall 322
Trade, Production Networks, and Structural Change, Huntsman Hall 222
In theory these papers are related., Huntsman Hall 220
Labor Market Gaps, Huntsman Hall 320
Macro-Housing II, Huntsman Hall 226
Consumer finance, Huntsman Hall 326
Monetary Policy, Huntsman Hall 360

Parallel Sessions III
Locations: click on each session to see location
May 20, 2022 13:30 to 15:00
 
Managing Financial Markets Risks in a Globalized Economy, Huntsman Hall 222
Gains from Trade- From the First Automobiles to COVID-19, Huntsman Hall 220
Wages and Competition, Huntsman Hall 322
Behavioral Macroeconomics, Huntsman Hall 326
Firms Growth Drivers, Huntsman Hall 226
Monetary Policy and Price Setting, Huntsman Hall 320
Phillips Curve, Huntsman Hall 360

Parallel Sessions IV
Locations: click on each session to see location
May 20, 2022 15:30 to 17:00
 
Aggregate implications of demographic change, Huntsman Hall 326
Micro Motivated Macro, Huntsman Hall 322
International Economics with Banks, Huntsman Hall 220
Labor Market Flows, Huntsman Hall 222
Firm Dynamics and Managerial Practice , Huntsman Hall 226
Macro Shifts across Sectors and States, Huntsman Hall 360
Social Security, Health, and Demographic Change, Huntsman Hall 320

Aysegul Sahin Keynote
Location: Eccles Business Auditorium Room 215
May 20, 2022 17:15 to 18:15

Parallel Sessions V
Locations: click on each session to see location
May 21, 2022 08:00 to 09:30
 
Consumption, savings, and employment, Huntsman Hall 322
Families and Human Capital, Huntsman Hall 320
Public Finance: Taxation & Household Decisions, Huntsman Hall 326
Credit Markets, Huntsman Hall 226
Shocks, Huntsman Hall 220
International Macro, Huntsman Hall 360
Trade: Diving Deeper into Theory and Data, Huntsman Hall 222

Parallel Session VI
Locations: click on each session to see location
May 21, 2022 09:50 to 11:20
 
Financial Markets and Business Cycles, Huntsman Hall 322
Towards a Better Unemployment Insurance System., Huntsman Hall 222
Firms, Hours and Pay, Huntsman Hall 320
Financial Innovation and Information, Huntsman Hall 220
Productivity and Growth, Huntsman Hall 360
Expectations and information frictions, Huntsman Hall 226
Government Debt, Huntsman Hall 326

Parallel Session VII
Locations: click on each session to see location
May 21, 2022 12:20 to 13:50
 
Business Cycles and Heterogeneity, Huntsman Hall 322
Emergency Borrowing and Bailouts, Huntsman Hall 220
Public Finance: Firm Dynamics & Multinational Taxation, Huntsman Hall 326
Public Finance: Land & Capital Taxation, Huntsman Hall 320
Firm Dynamic and Aggregate Growth, Huntsman Hall 360
Asset Prices, Huntsman Hall 226
Globalization, Inequality, and Labor Markets, Huntsman Hall 222

Tom Sargent Keynote
Location: Eccles Business Auditorium Room 215
May 21, 2022 14:00 to 15:00

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeTitle/LocationPapers
1May 20, 2022
9:00-10:30
Sovereign Default

    Location: Huntsman Hall 220

3
2May 20, 2022
9:00-10:30
Labor Mobility

    Location: Huntsman Hall 222

3
3May 20, 2022
9:00-10:30
Economic Responses to COVID-19

    Location: Huntsman Hall 322

3
4May 20, 2022
9:00-10:30
Macro-Housing I

    Location: Huntsman Hall 226

3
5May 20, 2022
9:00-10:30
Wealth and Wage Dynamics

    Location: Huntsman Hall 320

2
6May 20, 2022
9:00-10:30
Heterogeneous agents

    Location: Huntsman Hall 326

3
7May 20, 2022
9:00-10:30
Empirical Macro

    Location: Huntsman Hall 360

2
8May 20, 2022
10:45-12:15
Papers For When Inflation Is Low Once More

    Location: Huntsman Hall 322

3
9May 20, 2022
10:45-12:15
Trade, Production Networks, and Structural Change

    Location: Huntsman Hall 222

3
10May 20, 2022
10:45-12:15
In theory these papers are related.

    Location: Huntsman Hall 220

3
11May 20, 2022
10:45-12:15
Labor Market Gaps

    Location: Huntsman Hall 320

2
12May 20, 2022
10:45-12:15
Macro-Housing II

    Location: Huntsman Hall 226

3
13May 20, 2022
10:45-12:15
Consumer finance

    Location: Huntsman Hall 326

3
14May 20, 2022
10:45-12:15
Monetary Policy

    Location: Huntsman Hall 360

3
15May 20, 2022
13:30-15:00
Managing Financial Markets Risks in a Globalized Economy

    Location: Huntsman Hall 222

4
16May 20, 2022
13:30-15:00
Gains from Trade- From the First Automobiles to COVID-19

    Location: Huntsman Hall 220

3
17May 20, 2022
13:30-15:00
Wages and Competition

    Location: Huntsman Hall 322

3
18May 20, 2022
13:30-15:00
Behavioral Macroeconomics

    Location: Huntsman Hall 326

3
19May 20, 2022
13:30-15:00
Firms Growth Drivers

    Location: Huntsman Hall 226

3
20May 20, 2022
13:30-15:00
Monetary Policy and Price Setting

    Location: Huntsman Hall 320

3
21May 20, 2022
13:30-15:00
Phillips Curve

    Location: Huntsman Hall 360

3
22May 20, 2022
15:30-17:00
Aggregate implications of demographic change

    Location: Huntsman Hall 326

3
23May 20, 2022
15:30-17:00
Micro Motivated Macro

    Location: Huntsman Hall 322

3
24May 20, 2022
15:30-17:00
International Economics with Banks

    Location: Huntsman Hall 220

3
25May 20, 2022
15:30-17:00
Labor Market Flows

    Location: Huntsman Hall 222

3
26May 20, 2022
15:30-17:00
Firm Dynamics and Managerial Practice

    Location: Huntsman Hall 226

3
27May 20, 2022
15:30-17:00
Macro Shifts across Sectors and States

    Location: Huntsman Hall 360

3
28May 20, 2022
15:30-17:00
Social Security, Health, and Demographic Change

    Location: Huntsman Hall 320

4
29May 21, 2022
8:00-9:30
Consumption, savings, and employment

    Location: Huntsman Hall 322

3
30May 21, 2022
8:00-9:30
Families and Human Capital

    Location: Huntsman Hall 320

3
31May 21, 2022
8:00-9:30
Public Finance: Taxation & Household Decisions

    Location: Huntsman Hall 326

2
32May 21, 2022
8:00-9:30
Credit Markets

    Location: Huntsman Hall 226

3
33May 21, 2022
8:00-9:30
Shocks

    Location: Huntsman Hall 220

3
34May 21, 2022
8:00-9:30
International Macro

    Location: Huntsman Hall 360

3
35May 21, 2022
8:00-9:30
Trade: Diving Deeper into Theory and Data

    Location: Huntsman Hall 222

3
36May 21, 2022
9:50-11:20
Financial Markets and Business Cycles

    Location: Huntsman Hall 322

3
37May 21, 2022
9:50-11:20
Towards a Better Unemployment Insurance System.

    Location: Huntsman Hall 222

3
38May 21, 2022
9:50-11:20
Firms, Hours and Pay

    Location: Huntsman Hall 320

2
39May 21, 2022
9:50-11:20
Financial Innovation and Information

    Location: Huntsman Hall 220

3
40May 21, 2022
9:50-11:20
Productivity and Growth

    Location: Huntsman Hall 360

3
41May 21, 2022
9:50-11:20
Expectations and information frictions

    Location: Huntsman Hall 226

3
42May 21, 2022
9:50-11:20
Government Debt

    Location: Huntsman Hall 326

3
43May 21, 2022
12:20-13:50
Business Cycles and Heterogeneity

    Location: Huntsman Hall 322

3
44May 21, 2022
12:20-13:50
Emergency Borrowing and Bailouts

    Location: Huntsman Hall 220

3
45May 21, 2022
12:20-13:50
Public Finance: Firm Dynamics & Multinational Taxation

    Location: Huntsman Hall 326

3
46May 21, 2022
12:20-13:50
Public Finance: Land & Capital Taxation

    Location: Huntsman Hall 320

2
47May 21, 2022
12:20-13:50
Firm Dynamic and Aggregate Growth

    Location: Huntsman Hall 360

2
48May 21, 2022
12:20-13:50
Asset Prices

    Location: Huntsman Hall 226

3
49May 21, 2022
12:20-13:50
Globalization, Inequality, and Labor Markets

    Location: Huntsman Hall 222

3
 

49 sessions, 142 papers, and 0 presentations with no associated papers


 

Midwest Macro Spring 2022

Detailed List of Sessions

 
Session 1: Sovereign Default
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 220
 
Session Chair: Minjie Deng, Simon Fraser University
 

Fiscal Rules and Discretion with Risk of Default
   presented by: Liyan Shi, Carnegie Mellon University
 

Domestic Policies and Sovereign Default
   presented by: Fernando Martin, Federal Reserve Bank of St. Louis
 

Inequality, Taxation, and Sovereign Default Risk
   presented by: Minjie Deng, Simon Fraser University
 
Session 2: Labor Mobility
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 222
 
Session Chair: Pedro Silos, Temple University
 

Internal Migration and the Microfoundations of Gravity
   presented by: Greg Howard, University of Illinois
 

Unintended Consequences of the Inevitable Disclosure Doctrine: Restricting Labor Mobility & Capital - Labor Substitution
   presented by: Roberto Pinheiro, Federal Reserve Bank of Cleveland
 

Labor Market Fluidity and the Insurance Effect from Taxes and Hours
   presented by: Pedro Silos, Temple University
 
Session 3: Economic Responses to COVID-19
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 322
 
Session Chair: Spyridon Lazarakis, Lancaster University
 

How Many will get a Jab, with and without Herd Immunity?
   presented by: Parantap Basu, Durham University
 

Optimal Short-Time Work Policy in and outside Recessions
   presented by: Gero Stiepelmann, Rheinische Friedrich-Wilhelms-Universität Bonn
 

Pandemic-induced wealth and health inequality and risk exposure
   presented by: Spyridon Lazarakis, Lancaster University
 
Session 4: Macro-Housing I
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 226
 
Session Chair: Miroslav Gabrovski, University of Hawaii, Manoa
 

Should Capital Gains From the Sale of a Principal Residence Be Tax-Exempted?
   presented by: Shahar Rotberg, University of Toronto
 

Monetary Policy Shocks and Local Housing Prices
   presented by: Shihan Xie, University of Illinois, Urbana-Champaign
 

Efficiency in the Housing Market with Search Frictions
   presented by: Miroslav Gabrovski, University of Hawaii, Manoa
 
Session 5: Wealth and Wage Dynamics
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 320
 
Session Chair: Junjie Guo, University of Wisconsin - Madison
 

Why Are the Wealthiest So Wealthy? An Empirical-Quantitative Investigation of Lifecycle Wealth Dynamics
   presented by: Serdar Ozkan, University of Toronto
 

The Underemployment Trap
   presented by: Paul Jackson, National University of Singapore
 
Session 6: Heterogeneous agents
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 326
 
Session Chair: Nick Pretnar, University of California Santa Barbara
 

Secular Drivers of the Natural Rate of Interest in the United States: A Quantitative Evaluation
   presented by: Josef Platzer, Brown University
 

The Composition and Distribution of Wealth and Aggregate Consumption Dynamics
   presented by: Baxter Robinson, University of Western Ontario
 

Measuring Inequality with Expenditure and Consumption Time
   presented by: Nick Pretnar, University of California Santa Barbara
 
Session 7: Empirical Macro
May 20, 2022 9:00 to 10:30
Location: Huntsman Hall 360
 
Session Chair: Rik Rozendaal, Tilburg University
 

The Income Share of Energy and Substitution: A Macroeconomic Approach
   presented by: Nida Cakir Melek, Federal Reserve Bank of Kansas City
 

Labor Share, Industry Concentration and Energy Prices: Evidence from Europe
   presented by: Rik Rozendaal, Tilburg University
 
Session 8: Papers For When Inflation Is Low Once More
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 322
 
Session Chair: Tom Holden, Deutsche Bundesbank
 

How to Escape a Liquidity Trap by Raising the Minimum Wage
   presented by: Andrew Glover, Federal Reserve Bank of Kansas City
 

Understanding Persistent ZLB: Theory and Assessment
   presented by: Pablo Cuba-Borda, Federal Reserve Board
 

Robust Real Rate Rules
   presented by: Tom Holden, Deutsche Bundesbank
 
Session 9: Trade, Production Networks, and Structural Change
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 222
 
Session Chair: Michael Sposi, Southern Methodist University
 

Structural Change in Production Networks and Economic Growth
   presented by: Aspen Gorry, Clemson University
 

Deindustrialization and Industry Polarization
   presented by: Michael Sposi, Southern Methodist University
 

A Structural Ranking of Economic Complexity
   presented by: Ulrich Schetter, Harvard University
 
Session 10: In theory these papers are related.
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 220
 
Session Chair: German Cubas, University of Houston
 

A Simple Explanation of Countercyclical Uncertainty
   presented by: Alexander Richter, Federal Reserve Bank of Dallas
 

Taxing wealth and capital income with heterogeneous returns
   presented by: Sergio Ocampo-Diaz, Western University
 

Risk and the Misallocation of Human Capital
   presented by: German Cubas, University of Houston
 
Session 11: Labor Market Gaps
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 320
 
Session Chair: Erin Wolcott, Middlebury College
 

Are We There? The Search for Amenities and the Early-Career Gender Wage Gap
   presented by: Ilaria D'Angelis, Boston College
 

Did Racist Labor Policies Reverse Equality Gains for Everyone?
   presented by: Erin Wolcott, Middlebury College
 
Session 12: Macro-Housing II
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 226
 
Session Chair: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
 

Equilibrium Evictions
   presented by: Michael Nattinger, University of Wisconsin
 

House Price Uncertainty
   presented by: Ayse Sapci, Utah State University
 

Housing Policies in Emergencies
   presented by: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
 
Session 13: Consumer finance
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 326
 
Session Chair: Oliko Vardishvili, Yale University
 

Aggregate Effects of Public Health Insurance Expansion: The Role of Delayed Medical Care
   presented by: Mitchell VanVuren, University of California, San Diego
 

The Macroeconomic Cost of College Dropouts
   presented by: Oliko Vardishvili, Yale University
 

A tractable model of college tuition
   presented by: Grey Gordon, FRB of Richmond
 
Session 14: Monetary Policy
May 20, 2022 10:45 to 12:15
Location: Huntsman Hall 360
 
Session Chair: Jonas Fisher, Federal Reserve Bank of Chicago
 

Monetary Policy and Firm-Level Uncertainty
   presented by: Aeimit Lakdawala, Wake Forest University
 

Monetary Policy Interactions: The Policy Rate, Asset Purchases, and Optimal Policy with an Interest Rate Peg
   presented by: Ronald Mau, University of Mississippi
 

Anchoring long run inflation expectations in a panel of professional forecasters
   presented by: Jonas Fisher, Federal Reserve Bank of Chicago
 
Session 15: Managing Financial Markets Risks in a Globalized Economy
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 222
 
Session Chair: Sergio Villalvazo, Federal Reserve Board of Governors
 

Internationalizing Like China
   presented by: Amanda Dos Santos, Columbia
 

Capital Controls and the Global Financial Cycle
   presented by: Johannes Matschke, Federal Reserve Bank of Kansas City
 

Inequality and Asset Prices during Sudden Stops
   presented by: Sergio Villalvazo, Federal Reserve Board of Governors
 

Trade, Misallocation, and Capital Market Integration
   presented by: Laszlo Tetenyi, Banco de Portugal & Católica Lisbon School of Business and Economics
 
Session 16: Gains from Trade- From the First Automobiles to COVID-19
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 220
 
Session Chair: Hyunseung Oh, Federal Reserve Board
 

International Trade Policy During a Pandemic
   presented by: Fernando Leibovici, Federal Reserve Bank of St. Louis
 

Beyond risk sharing: FDI and tangible gains from financial integration
   presented by: Jacek Rothert, United States Naval Academy
 

EARLY 20TH CENTURY AMERICAN EXCEPTIONALISM: PRODUCTION, TRADE AND DIFFUSION OF THE AUTOMOBILE*
   presented by: Hyunseung Oh, Federal Reserve Board
 
Session 17: Wages and Competition
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 322
 
Session Chair: Lawrence Warren, U.S. Census Bureau
 

Automation, Market Concentration, and the Labor Share
   presented by: Hamid Firooz, University of Rochester
 

The Quality-Adjusted Cyclical Price of Labor
   presented by: Marianna Kudlyak, Federal Reserve Bank of San Francisco
 

What Drives Wage Stagnation: Monopsony or Monopoly?
   presented by: Lawrence Warren, U.S. Census Bureau
 
Session 18: Behavioral Macroeconomics
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 326
 
Session Chair: James Feigenbaum, Utah State University
 

A Quantitative Model of High-Cost Consumer Credit
   presented by: Joaquin Saldain, University of Virginia
 

To Plan, or Not to Plan? Optimal Planning Horizons and Saving for Retirement
   presented by: Erin Cottle Hunt, Lafayette College
 

Precautionary Social Planning
   presented by: James Feigenbaum, Utah State University
 
Session 19: Firms Growth Drivers
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 226
 
Session Chair: Lin Shao, Bank of Canada
 

Output Distortions and the Choice of Legal Form of Organization
   presented by: Sepideh Raei, Utah State University
 

Intangible Capital and Shadow Financing
   presented by: Radoslaw Paluszynski, University of Houston
 

Gender Gaps in Time Use and Entrepreneurship
   presented by: Pedro Bento, Texas A&M University
 
Session 20: Monetary Policy and Price Setting
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 320
 
Session Chair: Cathy Zhang, Purdue University
 

An Organizational Structure Approach to Price Setting and Monetary Policy
   presented by: Victor Monteiro, INSPER
 

Asserting Independence: Optimal Monetary Policy When the Central Bank and Political Authority Disagree
   presented by: Daniel Tortorice, College of the Holy Cross
 

Inflation, Output, and Welfare in the Laboratory
   presented by: Cathy Zhang, Purdue University
 
Session 21: Phillips Curve
May 20, 2022 13:30 to 15:00
Location: Huntsman Hall 360
 
Session Chair: Saeed Zaman, Federal Reserve Bank of Cleveland
 

The Death and Resurrection of the Phillips curve
   presented by: Francesco Furlanetto, Norges Bank
 

A Unified Framework to Estimate Macroeconomic Stars
   presented by: Saeed Zaman, Federal Reserve Bank of Cleveland
 

An Estimated Model of Household Inflation Expectations: Information Frictions and Implications
   presented by: Shihan Xie, University of Illinois, Urbana-Champaign
 
Session 22: Aggregate implications of demographic change
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 326
 
Session Chair: Guillaume Vandenbroucke, Federal Reserve Bank of Saint Louis
 

The Macroeconomic Consequences of Family Policies
   presented by: Anson Zhou, University of Wisconsin Madison
 

The demographic transition and the asset supply channel
   presented by: Pedro Amaral, California State University Fullerton
 

Technology Adoption, Mortality, and Population Dynamics
   presented by: Guillaume Vandenbroucke, Federal Reserve Bank of Saint Louis
 
Session 23: Micro Motivated Macro
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 322
 
Session Chair: David Wiczer, Stony Brook University
 

Spousal Labor Supply Response to Job Displacement and Implications for Optimal Transfers
   presented by: Serdar Birinci, Federal Reserve Bank of Saint Louis
 

Cyclical Earnings, Career and Employment Transitions
   presented by: David Wiczer, Stony Brook University
 

Monetary Policy with Racial Inequality
   presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia
 
Session 24: International Economics with Banks
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 220
 
Session Chair: Hewei Shen, University of Oklahoma
 

Economic Stabilizers in Emerging Markets: The Case for Trade Credit
   presented by: Bryan Hardy, Bank for International Settlements
 

Exchange Rate Disconnect Redux
   presented by: Pierre De Leo, University of Maryland
 

Sovereign Default and Labor Market Dynamics
   presented by: Hewei Shen, University of Oklahoma
 
Session 25: Labor Market Flows
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 222
 
Session Chair: Christopher Huckfeldt, Cornell University
 

Job applications and labor market flows
   presented by: Kurt Gerrard See, Bank of Canada
 

Job Recalls and Worker Flows over the Life Cycle
   presented by: Justin Franco Lam, University of Pennsylvania
 

Temporary and Permanent Layoffs over the Business Cycle: Evidence, Theory, and an Application to the Covid-19 Crisis
   presented by: Christopher Huckfeldt, Cornell University
 
Session 26: Firm Dynamics and Managerial Practice
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 226
 
Session Chair: Jacob Short, Bank of Canada
 

Production Complexity, Talent Misallocation and Development
   presented by: Nazim Tamkoc, World Bank
 

Bankruptcy, Incorporation, and the Nature of Entrepreneurial Risk
   presented by: Jacob Short, Bank of Canada
 

Schumpeterian Growth with Variable Elasticity of Substitution
   presented by: Gilad Sorek, Auburn University
 
Session 27: Macro Shifts across Sectors and States
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 360
 
Session Chair: Sebastian Graves, Federal Reserve Board
 

Cyclical Demand Shifts and Cost of Living Inequality
   presented by: Jacob Orchard, University of California San Diego
 

A New Claims-Based Unemployment Dataset: Application to Postwar Recoveries Across U.S. States
   presented by: David Munro, Middlebury College
 

A Model of Supply Chain Bottlenecks
   presented by: Sebastian Graves, Federal Reserve Board
 
Session 28: Social Security, Health, and Demographic Change
May 20, 2022 15:30 to 17:00
Location: Huntsman Hall 320
 
Session Chair: Vegard Nygaard, University of Houston
 

Revisiting Retirement and Social Security Claiming Decisions
   presented by: Neha Bairoliya, University of Southern California
 

The impact of U.S. employer-sponsored insurance in the 20th century
   presented by: Vegard Nygaard, University of Houston
 

The Role of Demographic Change in Explaining Declining Labor Force Participation
   presented by: John Gibson, University of Texas at El Paso
 

Progressing towards efficiency: the role for labor tax progression in reforming social security
   presented by: Joanna Tyrowicz, University of Regensburg, FAME|GRAPE, and IZA
 
Session 29: Consumption, savings, and employment
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 322
 
Session Chair: Michael Carter, Ohio State University
 

Saving for a Sunny Day: An Alternative Theory of Precautionary Savings
   presented by: Kyle Dempsey, The Ohio State University
 

How Does Household Earnings Risk Influence Aggregate Investment?
   presented by: Michael Carter, Ohio State University
 

The Matching Function and Nonlinear Business Cycles
   presented by: Nathaniel Throckmorton, William & Mary
 
Session 30: Families and Human Capital
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 320
 
Session Chair: Chao Wei, George Washington University
 

Human Capital Investment and College Sorting
   presented by: Yulia Dudareva, University of Wisconsin-Madison
 

Spousal Insurance, Precautionary Labor Supply, and the Business Cycle
   presented by: Kathrin Ellieroth, Colby College
 

A Tale of Two Families: A Macroeconomic Analysis of Human Capital Investment
   presented by: Chao Wei, George Washington University
 
Session 31: Public Finance: Taxation & Household Decisions
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 326
 
Session Chair: Egor Malkov, University of Minnesota
 

Incentives for Early Retirement and Pension Reform
   presented by: Kathleen McKiernan, Vanderbilt University
 

Optimal Income Taxation of Singles and Couples
   presented by: Egor Malkov, University of Minnesota
 
Session 32: Credit Markets
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 226
 
Session Chair: Julian Kozlowski, Federal Reserve Bank of St. Louis
 

Sovereign Risk and Economic Activity: The Role of Firm Entry and Exit
   presented by: Givi Melkadze, Georgia State University
 

Enforceable Full Risk-Sharing in Village Economies
   presented by: Emilio Espino, Universidad Torcuato Di Tella
 

Credit and Liquidity Policies during Large Crises
   presented by: Julian Kozlowski, Federal Reserve Bank of St. Louis
 
Session 33: Shocks
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 220
 
Session Chair: Deepa Datta, Federal Reserve Board of Governors
 

Financial Shocks, Uncertainty Shocks, and Monetary Policy Trade-Offs
   presented by: Marco Brianti, University of Alberta
 

Uncertainty and the Economy: The Evolving Distributions of Aggregate Supply and Demand Shocks
   presented by: Andrey Ermolov, Fordham University
 

Oil Shocks: A Textual Analysis Approach
   presented by: Deepa Datta, Federal Reserve Board of Governors
 
Session 34: International Macro
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 360
 
Session Chair: Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
 

What Happens in China Does Not Stay in China
   presented by: Danilo Cascaldi-Garcia, Federal Reserve Board
 

Property Rights and the Volatility of Consumption
   presented by: Loris Rubini, University of New Hampshire
 

Capital Flows in Risky Times: Risk-on/Risk-off and Emerging Market Tail Risk
   presented by: Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
 
Session 35: Trade: Diving Deeper into Theory and Data
May 21, 2022 8:00 to 9:30
Location: Huntsman Hall 222
 
Session Chair: Carter Mix, Federal Reserve Board of Governors
 

Downward Nominal Wage Rigidity, Fixed Exchange Rate, and Unemployment: The Case of Dollarization with a Binding Minimum Wage
   presented by: Jaerim Choi, University of Hawaii at Manoa
 

Uneven Firm Growth in a Globalized World
   presented by: Xiaomei Sui, University of Rochester
 

The Aggregate Effects of Supply-Chain Delays
   presented by: Carter Mix, Federal Reserve Board of Governors
 
Session 36: Financial Markets and Business Cycles
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 322
 
Session Chair: Soyoung Lee,
 

Distributive Effects of Banking Sector Losses
   presented by: Marcel Peruffo, Brown University
 

Firm Heterogeneity, Leverage and the Aftermath of the Pandemic
   presented by: Soyoung Lee,
 

Substitutability Between Specific Skills and a Persistent Match Quality in a Multi-Sector Economy
   presented by: David Fuller, University of Wisconsin-Oshkosh
 
Session 37: Towards a Better Unemployment Insurance System.
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 222
 
Session Chair: Amanda Michaud, St. Louis Fed
 

Tasks and Wages
   presented by: Carol Scotese, Virginia Commonwealth University
 

Wage Commitment, Financial Frictions, and Unemployment
   presented by: Yajie Wang, University of Rochester
 

Expanding Unemployment Insurance
   presented by: Amanda Michaud, St. Louis Fed
 
Session 38: Firms, Hours and Pay
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 320
 
Session Chair: Gian Luca Clementi, New York University
 

The Value of Contingent Work
   presented by: Tobey Kass, University of Minnesota
 

The Dynamics of Firm-level Pay: Theory and Evidence from Portugal
   presented by: Gian Luca Clementi, New York University
 
Session 39: Financial Innovation and Information
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 220
 
Session Chair: Jiaqi Li, Bank of Canada
 

Financial access and financial innovations in a world with limited commitment
   presented by: Joseph Haslag, University of Missouri-Columbia
 

Collateral Expansion: Pricing Spillovers from Financial Innovation
   presented by: Mrithyunjayan Nilayamgode, University of Virginia
                         Tyler Wake, University of Virginia
 

Predicting the Demand for Central Bank Digital Currency: A Structural Analysis with Survey Data
   presented by: Jiaqi Li, Bank of Canada
 
Session 40: Productivity and Growth
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 360
 
Session Chair: Thomas Phelan, Federal Reserve Bank of Cleveland
 

The Firm Size-Leverage Relationship and Its Implications for Entry and Business Concentration
   presented by: Burcu Eyigungor, Federal Reserve Bank of Philadelphia
 

Structural Transformation and Spatial Convergence Across Countries
   presented by: Alberto Rivera-Padilla, CSU Fullerton
 

Land prices and the persistent effects of wealth inequality
   presented by: Thomas Phelan, Federal Reserve Bank of Cleveland
 
Session 41: Expectations and information frictions
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 226
 
Session Chair: Nam Vu, Miami University
 

Subjective Shadow Rates at the Zero Lower Bound
   presented by: Ethan Struby, Carleton College
 

Price Informativeness and Business Cycle Misallocation
   presented by: Gorkem Bostanci, University of British Columbia
 

Real Effects of Inflation Expectation Uncertainty
   presented by: Nam Vu, Miami University
 
Session 42: Government Debt
May 21, 2022 9:50 to 11:20
Location: Huntsman Hall 326
 
Session Chair: Andrew Keinsley, Weber State University
 

Parameterizing debt maturity
   presented by: Christopher Johns, Georgetown University
 

Fiscal Monetary Services and Inflation
   presented by: Andrew Keinsley, Weber State University
 

Efficiency versus insurance: Capital income taxation and privatizing social security
   presented by: Joanna Tyrowicz, University of Regensburg, FAME|GRAPE, and IZA
 
Session 43: Business Cycles and Heterogeneity
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 322
 
Session Chair: Aubhik Khan, Ohio State University
 

The Effects of Monetary Policy on Consumption and Inequality
   presented by: Donggyu Lee, Federal Reserve Bank of New York
 

Labor Market Shocks and Monetary Policy after the Great Recession
   presented by: Fatih Karahan, Federal Reserve Bank of New York
 

The Persistence of Recessions with Incomplete Markets and Time-Varying Income Risk
   presented by: Aubhik Khan, Ohio State University
 
Session 44: Emergency Borrowing and Bailouts
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 220
 
Session Chair: Padma Sharma, Federal Reserve Bank of Kansas City
 

Borrowing at the Discount Window: What Explains Stigma after the 2003 Reforms?
   presented by: Mehdi Beyhaghi, Federal Reserve Bank of Richmond
 

Bailouts, Bail-ins, and Banking Industry Dynamics
   presented by: April Meehl, University of Wisconsin-Madison
 

Risk-Shifting, Regulation, and Government Assistance
   presented by: Padma Sharma, Federal Reserve Bank of Kansas City
 
Session 45: Public Finance: Firm Dynamics & Multinational Taxation
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 326
 
Session Chair: Sepideh Raei, Utah State University
 

Navigating Stormy Waters: Crises, Selection, and Productivity Dynamics Under Financial Frictions
   presented by: Harun Alp, Federal Reserve Board
 

A Macroeconomic Perspective on Taxing Multinational Enterprises
   presented by: Sebastian Dyrda, University of Toronto
 

Profit shifting and firm growth
   presented by: Sepideh Raei, Utah State University
 
Session 46: Public Finance: Land & Capital Taxation
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 320
 
Session Chair: Francois Gourio, Federal Reserve Bank of Chicago
 

Transaction Tax on Land and Dynamic Inefficiency: A Quantitative Analysis
   presented by: Selahattin Imrohoroglu, University of Southern California
 

The Trump Tax Cuts and Corporate Investment
   presented by: Francois Gourio, Federal Reserve Bank of Chicago
 
Session 47: Firm Dynamic and Aggregate Growth
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 360
 
Session Chair: Santiago Caicedo, Clemson University
 

Incomplete Tax Enforcement, Managerial Quality and Economic Development
   presented by: Furkan Sarikaya, Arizona State University
 

The Concentration of Human Capital and Innovation
   presented by: Santiago Caicedo, Clemson University
 
Session 48: Asset Prices
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 226
 
Session Chair: Pamela Labadie, George Washington University
 

Downward Nominal Rigidities as a Source of Time-Varying Risk Premium
   presented by: Phuong Ngo, Cleveland State University
 

Optimal Macroprudential Policy and Asset Price Bubbles
   presented by: Nina Biljanovska, International Monetary Fund
 

Asset Pricing in a Model of Partial Consumption Insurance
   presented by: Pamela Labadie, George Washington University
 
Session 49: Globalization, Inequality, and Labor Markets
May 21, 2022 12:20 to 13:50
Location: Huntsman Hall 222
 
Session Chair: Povilas Lastauskas, CEFER
 

Sudden Stops and Consumption Inequality with Nonhomothetic Preferences
   presented by: Monica Tran-Xuan, University at Buffalo
 

International Diversification, Reallocation, and the Labor Share
   presented by: David Zeke, University of Southern California
 

Anticipated and Unanticipated Trade Shocks: Transitional Dynamics with Deep Habits
   presented by: Povilas Lastauskas, CEFER
 

49 sessions, 142 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Alp, HarunP45
2Amaral, PedroP22
3Bairoliya, NehaP28
4Basu, ParantapP3
5Bento, PedroP19
6Beyhaghi, MehdiP44
7Biljanovska, NinaP48
8Birinci, SerdarP23
9Bostanci, GorkemP41
10Brianti, MarcoP33
11Caicedo, SantiagoP47, C47
12Cakir Melek, NidaP7
13Carter, MichaelP29, C29
14Cascaldi-Garcia, DaniloP34
15Choi, JaerimP35
16Clementi, Gian LucaP38, C38
17Cottle Hunt, ErinP18
18Cuba-Borda, PabloP8
19Cubas, GermanP10, C10
20D'Angelis, IlariaP11
21Datta, DeepaP33, C33
22De Leo, PierreP24
23Dempsey, KyleP29
24Deng, MinjieP1, C1
25Dilts Stedman, KarlyeP34, C34
26Dos Santos, AmandaP15
27Dudareva, YuliaP30
28Dyrda, SebastianP45
29Ellieroth, KathrinP30
30Ermolov, AndreyP33
31Espino, EmilioP32
32Eyigungor, BurcuP40
33Feigenbaum, JamesP18, C18
34Firooz, HamidP17
35Fisher, JonasP14, C14
36Fuller, DavidP36
37Furlanetto, FrancescoP21
38Gabrovski, MiroslavP4, C4
39Gibson, JohnP28
40Glover, AndrewP8
41Gordon, GreyP13
42Gorry, AspenP9
43Gourio, FrancoisP46, C46
44Graves, SebastianP27, C27
45Guo, JunjieC5
46Hardy, BryanP24
47Haslag, JosephP39
48Holden, TomP8, C8
49Howard, GregP2
50Huckfeldt, ChristopherP25, C25
51Imrohoroglu, SelahattinP46
52Jackson, PaulP5
53Johns, ChristopherP42
54Karahan, FatihP43
55Kass, TobeyP38
56Keinsley, AndrewP42, C42
57Khan, AubhikP43, C43
58Kozlowski, JulianP32, C32
59Kudlyak, MariannaP17
60Labadie, PamelaP48, C48
61Lakdawala, AeimitP14
62Lam, Justin FrancoP25
63Lastauskas, PovilasP49, C49
64Lazarakis, SpyridonP3, C3
65Lee, DonggyuP43
66Lee, SoyoungP36, C36
67Leibovici, FernandoP16
68Li, JiaqiP39, C39
69Malkov, EgorP31, C31
70Martin, FernandoP1
71Matschke, JohannesP15
72Mau, RonaldP14
73McKiernan, KathleenP31
74Meehl, AprilP44
75Melkadze, GiviP32
76Michaud, AmandaP37, C37
77Mix, CarterP35, C35
78Monteiro, VictorP20
79Munro, DavidP27
80Mustre-del-Rio, JoseP12, C12
81Nakajima, MakotoP23
82Nattinger, MichaelP12
83Ngo, PhuongP48
84Nilayamgode, MrithyunjayanP39
85Nygaard, VegardP28, C28
86Ocampo-Diaz, SergioP10
87Oh, HyunseungP16, C16
88Orchard, JacobP27
89Ozkan, SerdarP5
90Paluszynski, RadoslawP19
91Peruffo, MarcelP36
92Phelan, ThomasP40, C40
93Pinheiro, RobertoP2
94Platzer, JosefP6
95Pretnar, NickP6, C6
96Raei, SepidehP19, P45, C45
97Richter, AlexanderP10
98Rivera-Padilla, AlbertoP40
99Robinson, BaxterP6
100Rotberg, ShaharP4
101Rothert, JacekP16
102Rozendaal, RikP7, C7
103Rubini, LorisP34
104Saldain, JoaquinP18
105Sapci, AyseP12
106Sarikaya, FurkanP47
107Schetter, UlrichP9
108Scotese, CarolP37
109See, Kurt GerrardP25
110Shao, LinC19
111Sharma, PadmaP44, C44
112Shen, HeweiP24, C24
113Shi, LiyanP1
114Short, JacobP26, C26
115Silos, PedroP2, C2
116Sorek, GiladP26
117Sposi, MichaelP9, C9
118Stiepelmann, GeroP3
119Struby, EthanP41
120Sui, XiaomeiP35
121Tamkoc, NazimP26
122Tetenyi, LaszloP15
123Throckmorton, NathanielP29
124Tortorice, DanielP20
125Tran-Xuan, MonicaP49
126Tyrowicz, JoannaP28, P42
127Vandenbroucke, GuillaumeP22, C22
128VanVuren, MitchellP13
129Vardishvili, OlikoP13, C13
130Villalvazo, SergioP15, C15
131Vu, NamP41, C41
132Wake, TylerP39
133Wang, YajieP37
134Warren, LawrenceP17, C17
135Wei, ChaoP30, C30
136Wiczer, DavidP23, C23
137Wolcott, ErinP11, C11
138Xie, ShihanP4, P21
139Zaman, SaeedP21, C21
140Zeke, DavidP49
141Zhang, CathyP20, C20
142Zhou, AnsonP22

 

This program was last updated on 2022-05-20 15:13:26 EDT