May 19, 2023
Time	Location	Event
13:30 to 15:00	see below	Block One
15:15 to 16:45	see below	Block Two
17:00 to 18:00	G30	Plenary One: Laura Veldkamp
May 20, 2023
Time	Location	Event
08:30 to 10:00	see below	Block Three
10:15 to 11:45	see below	Block Four
13:30 to 15:00	see below	Block Five
15:15 to 16:45	see below	Block Six
17:00 to 18:00	G30	Plenary Two: Ufuk Akcigit
May 21, 2023
Time	Location	Event
08:30 to 10:00	see below	Block Seven
10:15 to 11:45	see below	Block Eight

Summary of All Sessions
Click here for an index of all participants

#	Date/Time	Type	Title/Location	Papers
1	May 19, 2023 13:30-15:00	contributed	Interpreting Monetary-Policy Surprises     Location: G29	3
2	May 19, 2023 13:30-15:00	contributed	Health and the Economy     Location: G16	2
3	May 19, 2023 13:30-15:00	contributed	Monetary Policy across Space     Location: G19	2
4	May 19, 2023 13:30-15:00	contributed	Dynamics and Banking     Location: G24	2
5	May 19, 2023 13:30-15:00	contributed	Policy and Innovation     Location: 110	3
6	May 19, 2023 13:30-15:00	contributed	Trade and Labor     Location: 127	3
7	May 19, 2023 13:30-15:00	contributed	Technology, Trade, and Sectoral Productivity Growth     Location: 129	3
8	May 19, 2023 13:30-15:00	contributed	Housing Policy and Taxation     Location: 131	2
9	May 19, 2023 15:15-16:45	contributed	How to Interpret Monetary Policy?     Location: G19	3
10	May 19, 2023 15:15-16:45	contributed	Optimal Policy with Heterogeneity     Location: G16	2
11	May 19, 2023 15:15-16:45	contributed	Long Run Economic Development     Location: 110	2
12	May 19, 2023 15:15-16:45	contributed	Expectations, Perceptions & Forecasts     Location: G29	2
13	May 19, 2023 15:15-16:45	contributed	Banks and Innovation     Location: 127	2
14	May 19, 2023 15:15-16:45	contributed	Exchange rates and Monetary Policy     Location: 129	3
15	May 19, 2023 15:15-16:45	contributed	Ignorance and Learning     Location: G24	3
16	May 20, 2023 8:30-10:00	invited	Volatility and Monetary Policy     Location: G19	2
17	May 20, 2023 8:30-10:00	contributed	Idea Creation and Spatial Interactions     Location: G16	3
18	May 20, 2023 8:30-10:00	contributed	Government Spending, the Phillips Curve     Location: G24	3
19	May 20, 2023 8:30-10:00	contributed	Life Cycle Consumption and Retirement     Location: 127	2
20	May 20, 2023 8:30-10:00	contributed	Search Frictions     Location: 129	3
21	May 20, 2023 8:30-10:00	contributed	Policy and Firm Dynamics     Location: 131	3
22	May 20, 2023 8:30-10:00	contributed	Sovereign default     Location: 133	3
23	May 20, 2023 8:30-10:00	contributed	Financial Markets and Neglected Factors     Location: G29	2
24	May 20, 2023 10:15-11:45	contributed	Population and Long Run Growth     Location: 127	3
25	May 20, 2023 10:15-11:45	contributed	Unemployment Insurance     Location: G16	2
26	May 20, 2023 10:15-11:45	contributed	Monetary Policy: Information and Risk     Location: G19	2
27	May 20, 2023 10:15-11:45	contributed	Banks and Finance in Open Economy     Location: G24	3
28	May 20, 2023 10:15-11:45	contributed	Business Cycle Empirics     Location: 129	2
29	May 20, 2023 10:15-11:45	invited	Asset Holdings and Their Effects     Location: G29	2
30	May 20, 2023 10:15-11:45	contributed	Global Policy Spillovers     Location: 131	2
31	May 20, 2023 10:15-11:45	contributed	Drivers of Productivity Slowdown     Location: 133	3
32	May 20, 2023 13:30-15:00	contributed	Expectations of Inflation     Location: G24	2
33	May 20, 2023 13:30-15:00	contributed	Labor Market Regulations     Location: G16	3
34	May 20, 2023 13:30-15:00	contributed	International Monetary Economics     Location: G19	2
35	May 20, 2023 13:30-15:00	contributed	State Taxes, Progressivity, and Multipliers     Location: 127	3
36	May 20, 2023 13:30-15:00	contributed	International Trade and Spatial Economics     Location: 129	3
37	May 20, 2023 13:30-15:00	contributed	Human Capital and Innovation     Location: 131	3
38	May 20, 2023 13:30-15:00	contributed	Business Cycles: Debt, Innovation & Firms     Location: 133	3
39	May 20, 2023 13:30-15:00	contributed	Information in Finance     Location: G29	2
40	May 20, 2023 15:15-16:45	contributed	Term Structure of Interest Rates     Location: G29	3
41	May 20, 2023 15:15-16:45	contributed	Monetary Policy's Effects     Location: G19	2
42	May 20, 2023 15:15-16:45	contributed	Labor Market Policies     Location: G24	3
43	May 20, 2023 15:15-16:45	contributed	Open Macro     Location: 127	3
44	May 20, 2023 15:15-16:45	contributed	Capital Taxation     Location: 129	3
45	May 20, 2023 15:15-16:45	invited	Risks in Banking     Location: 131	2
46	May 20, 2023 15:15-16:45	contributed	Structural Change in Developing Economies     Location: 133	3
47	May 21, 2023 8:30-10:00	contributed	Monetary Policy and Labor Markets     Location: G29	3
48	May 21, 2023 8:30-10:00	invited	Insurance and Welfare     Location: G24	3
49	May 21, 2023 8:30-10:00	contributed	Financing Innovation     Location: 127	3
50	May 21, 2023 8:30-10:00	contributed	Human Capital Investment & Opportunity Costs     Location: 129	3
51	May 21, 2023 8:30-10:00	contributed	Business Cycles: Technology, Products & Financial Risks     Location: G19	3
52	May 21, 2023 8:30-10:00	contributed	Capital Flows     Location: 131	3
53	May 21, 2023 8:30-10:00	contributed	Job Ladders and Wage Dynamics     Location: 133	3
54	May 21, 2023 8:30-10:00	contributed	Volatility in Open Economies     Location: G16	3
55	May 21, 2023 10:15-11:45	contributed	Debt and Monetary Policy     Location: G29	3
56	May 21, 2023 10:15-11:45	contributed	Intergenerational Mobility and Wealth Inequality     Location: G24	3
57	May 21, 2023 10:15-11:45	contributed	Macro Structure of Innovation     Location: G16	3
58	May 21, 2023 10:15-11:45	contributed	Business Cycles: Topics     Location: 127	3
59	May 21, 2023 10:15-11:45	contributed	Sovereign Debt     Location: G19	3

 

59 sessions, 156 papers, and 0 presentations with no associated papers

Midwest Macro Meetings
Detailed List of Sessions

Session 1: Interpreting Monetary-Policy Surprises May 19, 2023 13:30 to 15:00 Location: G29
Session Chair: Jenny Tang, Federal Reserve Bank of Boston
Session type: contributed
Do FOMC Signals Cause Monetary Surprises?
By Robert Mullings; Nottingham Trent University
presented by: Robert Mullings, Nottingham Trent University
Let the Market Speak: Using Interest Rates to Identify the Fed Information Effect
By Linyan Zhu; London School of Economics
presented by: Linyan Zhu, London School of Economics
Interest Rate Surprises: A Tale of Two Shocks
By Ricardo Nunes; University of Surrey Ali Ozdagli; Federal Reserve Bank of Dallas Jenny Tang; Federal Reserve Bank of Boston
presented by: Jenny Tang, Federal Reserve Bank of Boston
Session 2: Health and the Economy May 19, 2023 13:30 to 15:00 Location: G16
Session Chair: Sean Bassler, University of Minnesota
Session type: contributed
Health and Business Cycles in General Equilibrium
By Thorsten Drautzburg; Federal Reserve Bank of Philadelphia Pablo Guerron; Boston College Alexey Khazanov; Hebrew University of Jerusalem
presented by: Thorsten Drautzburg, Federal Reserve Bank of Philadelphia
Domestic Outsourcing and Employer-Sponsored Health Plans
By Sean Bassler; University of Minnesota
presented by: Sean Bassler, University of Minnesota
Session 3: Monetary Policy across Space May 19, 2023 13:30 to 15:00 Location: G19
Session Chair: Gerald Dwyer, Clemson University
Session type: contributed
The Geographic Effects of Monetary Policy Shocks
By Juan Herreno; University of California, San Diego Mathieu Pedemonte; FRB Cleveland
presented by: Mathieu Pedemonte, FRB Cleveland
Money Growth and Inflation Still Are Related
By John Devereux; Queens College CUNY Gerald Dwyer; Clemson University
presented by: Gerald Dwyer, Clemson University
Session 4: Dynamics and Banking May 19, 2023 13:30 to 15:00 Location: G24
Session Chair: Alejandro Javier Gonzalez Castillo, Washington University in St. Louis
Session type: contributed
Imperfect Banking Competition and the Propagation of Uncertainty Shocks
By Tommaso Gasparini; University of Mannheim
presented by: Tommaso Gasparini, University of Mannheim
How large are hysteresis effects? Estimates from a Keynesian growth model
By Steven Fazzari; Washington University in St. Louis Alejandro Javier Gonzalez Castillo; Washington University in St. Louis
presented by: Alejandro Javier Gonzalez Castillo, Washington University in St. Louis
Session 5: Policy and Innovation May 19, 2023 13:30 to 15:00 Location: 110
Session Chair: Jeremy Pearce, University of Chicago
Session type: contributed
Innovation Union: Costs and Benefits of Innovation Policy Coordination
By Fabrice Defever; City, University of London Giammario Impullitti; University of Nottingham Teodora Milicevic; Uppsala University Adam Spencer; The University of Nottingham
presented by: Adam Spencer, The University of Nottingham
Rules and Regulations, Managerial Time and Economic Development
By Nazim Tamkoc; World Bank Gustavo Ventura; Arizona State University
presented by: Nazim Tamkoc, World Bank
Brand Reallocation, Concentration, and Growth
By Jeremy Pearce; University of Chicago Liangjie Wu; Einaudi Institute for Economics and Fina
presented by: Jeremy Pearce, University of Chicago
Session 6: Trade and Labor May 19, 2023 13:30 to 15:00 Location: 127
Session Chair: Maximiliano Dvorkin, Federal Reserve Bank of St. Louis
Session type: contributed
International trade and labor reallocation: misclassification errors, mobility, and switching costs
By Maximiliano Dvorkin; Federal Reserve Bank of St. Louis
presented by: Maximiliano Dvorkin, Federal Reserve Bank of St. Louis
Fighting Income Inequality with International Trade
By Victor Hernandez Martinez; Federal Reserve Bank of Cleveland Nicholas Kozeniauskas; Bank of Portugal Roman Merga; International Monetary Fund
presented by: Roman Merga, International Monetary Fund
Import Competition, Foreign Inputs, and Labor Adjustment: Evidence from Colombian Liberalization
By Roman David Zarate; World Bank
presented by: Roman David Zarate, World Bank
Session 7: Technology, Trade, and Sectoral Productivity Growth May 19, 2023 13:30 to 15:00 Location: 129
Session Chair: Sang Min Lee, University of Minnesota
Session type: contributed
Human Capital, Manufacturing, and Technological Intensity: A Cross-Country Analysis
By Hugo Vaca Pereira Rocha
presented by: Hugo Vaca Pereira Rocha,
Idea Flows and the Dynamics of Comparative Advantage
By Liuchun Deng; Yale-NUS College Chi Zhang; National University of Singapore
presented by: Chi Zhang, National University of Singapore
Globalization and Structural Transformation: The Role of Tradable Services
By Sang Min Lee; University of Minnesota
presented by: Sang Min Lee, University of Minnesota
Session 8: Housing Policy and Taxation May 19, 2023 13:30 to 15:00 Location: 131
Session Chair: Sepideh Raei, Utah State University
Session type: contributed
On the Welfare Gains of Housing Affordability
By Diego Ascarza Mendoza; University of Minnesota James Schmitz; Federal Reserve Bank of Minneapolis
presented by: Diego Ascarza Mendoza, University of Minnesota
Reforming Estate Taxation by Reversing the Generation-Skipping Transfer Tax
By James Feigenbaum; Utah State University T. Scott Findley; Utah State University Sepideh Raei; Utah State University
presented by: Sepideh Raei, Utah State University
James Feigenbaum, Utah State University
Session 9: How to Interpret Monetary Policy? May 19, 2023 15:15 to 16:45 Location: G19
Session Chair: Taeyoung Doh, Federal Reserve Bank of Kansas City
Session type: contributed
Why Follow the Fed? Monetary Policy in Times of US Tightening
By Gonzalo Huertas; IMF
presented by: Gonzalo Huertas, IMF
Is the Taylor Rule Still an Adequate Representation of Monetary Policy in Macroeconomic Models?
By Scott Schuh; West Virginia University
presented by: Scott Schuh, West Virginia University
Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements
By Taeyoung Doh; Federal Reserve Bank of Kansas City Dongho Song; Johns Hopkins University
presented by: Taeyoung Doh, Federal Reserve Bank of Kansas City
Session 10: Optimal Policy with Heterogeneity May 19, 2023 15:15 to 16:45 Location: G16
Session Chair: Marek Kapicka, CERGE-EI (Charles University - Prague)
Session type: contributed
Tax Design in Dynamic Discrete Choice Economies
By Musab Kurnaz; University of North Carolina at Charlott
presented by: Musab Kurnaz, University of North Carolina at Charlott
Optimal Fiscal Policy under Preference Heterogeneity
By Marek Kapicka; CERGE-EI (Charles University - Prague)
presented by: Marek Kapicka, CERGE-EI (Charles University - Prague)
Session 11: Long Run Economic Development May 19, 2023 15:15 to 16:45 Location: 110
Session Chair: Juan Cordoba, Iowa State University
Session type: contributed
Standard of Living of the States of the United States: 1800 - 2020
By Krishna Khatri; The Ohio State University, Marion Robert Tamura; Clemson University Adam Witham; Salve Regina University
presented by: Robert Tamura, Clemson University
Optimal Population on a Finite Planet
By Juan Cordoba; Iowa State University Xiying Liu; Economics and Management School of Wuhan University
presented by: Juan Cordoba, Iowa State University
Session 12: Expectations, Perceptions & Forecasts May 19, 2023 15:15 to 16:45 Location: G29
Session Chair: Aeimit Lakdawala, Wake Forest University
Session type: contributed
Expectation-driven Resignation and Jobful Recession
By zhifeng cai; Rutgers University
presented by: zhifeng cai, Rutgers University
Partisan Bias in Professional Macroeconomic Forecasts
By Aeimit Lakdawala; Wake Forest University Benjamin Kay; Federal Reserve Board Jane Ryngaert; University of Notre Dame Michael Futch; Civitech
presented by: Aeimit Lakdawala, Wake Forest University
Session 13: Banks and Innovation May 19, 2023 15:15 to 16:45 Location: 127
Session Chair: Jun Li, Clemson University
Session type: contributed
Productivity slowdown and firm exit: The ins and outs of banking crises
By Andreea Rotarescu; Wake Forest University
presented by: Andreea Rotarescu, Wake Forest University
Credit Constraints and Innovation: Evidence from China
By Jun Li; Clemson University
presented by: Jun Li, Clemson University
Session 14: Exchange rates and Monetary Policy May 19, 2023 15:15 to 16:45 Location: 129
Session Chair: Julio Mereb, University of Wisconsin-Madison
Session type: contributed
Inequality, Demand Composition, and the Transmission of Monetary Policy
By Lukas Boehnert; University of Oxford Sergio de Ferra; University of Oxford Kurt Mitman Federica Romei; University of Oxford
presented by: Lukas Boehnert, University of Oxford
Learning from Exchange Rates and Foreign Exchange Interventions
By Giacomo Candian; HEC Montréal Pierre De Leo; University of Maryland Luca Gemmi; University of Lausanne
presented by: Pierre De Leo, University of Maryland
Global Shocks and Exchange Rate Dynamics
By Julio Mereb; University of Wisconsin-Madison
presented by: Julio Mereb, University of Wisconsin-Madison
Session 15: Ignorance and Learning May 19, 2023 15:15 to 16:45 Location: G24
Session Chair: Soroush Ghazi, University of Alabama
Session type: contributed
Narrative-Driven Fluctuations in Sentiment: Evidence Linking Traditional and Social Media
By Alistair Macaulay; University of Oxford Wenting Song; Bank of Canada
presented by: Wenting Song, Bank of Canada
A Learning Model of Financial Instability
By Noah Williams
presented by: Noah Williams,
Asset Pricing under Knightian Uncertainty: A Case for Optimism
By Soroush Ghazi; University of Alabama Mark Schneider; University of Alabama
presented by: Soroush Ghazi, University of Alabama
Session 16: Volatility and Monetary Policy May 20, 2023 8:30 to 10:00 Location: G19
Session Chair: Ruslana Datsenko, University of Oslo
Session type: invited
Nowhere to Hide: Time-Varying Inflation Risk and Bond-Stock Correlation
By Jinyoung Seo; UC Davis
presented by: Jinyoung Seo, UC Davis
Does volatility matter for monetary policy transmission?
By Ruslana Datsenko; University of Oslo
presented by: Ruslana Datsenko, University of Oslo
Session 17: Idea Creation and Spatial Interactions May 20, 2023 8:30 to 10:00 Location: G16
Session Chair: Daniel Garces Diaz, Bank of Mexico
Session type: contributed
Where is Knowledge Produced and Capitalized? Evidence from US Counties
By Mario Crucini; Purdue University Kathleen McKiernan; Vanderbilt University Nam Vu; Miami University
presented by: Mario Crucini, Purdue University
Estimating the Ideas' production Function using Macroeconomic Persistence
By Xiaohan Ma; Texas Tech University Roberto Samaniego; George Washington University
presented by: Roberto Samaniego, George Washington University
Interactions Among the Manufacturing Industries of USMCA Countries: A long-run perspective
By Daniel Garces Diaz; Bank of Mexico
presented by: Daniel Garces Diaz, Bank of Mexico
Session 18: Government Spending, the Phillips Curve May 20, 2023 8:30 to 10:00 Location: G24
Session Chair: Jordan Roulleau-Pasdeloup, National University of Singapore
Session type: contributed
Systematic Monetary Policy and the Effects of Government Spending
By Lukas Hack; University of Mannheim Klodiana Istrefi; Banque de France and CEPR Matthias Meier; University of Mannheim
presented by: Lukas Hack, University of Mannheim
Anatomy of the Phillips Curve:Micro Evidence and Macro Implications
By Simone Lenzu; New York University
presented by: Simone Lenzu, New York University
Simple Analytics of the Government Investment Multiplier
By Jordan Roulleau-Pasdeloup; National University of Singapore
presented by: Jordan Roulleau-Pasdeloup, National University of Singapore
Session 19: Life Cycle Consumption and Retirement May 20, 2023 8:30 to 10:00 Location: 127
Session Chair: Paulo Lins, University of Rochester
Session type: contributed
To Plan, or Not to Plan? Optimal Planning and Saving for Retirement
By Erin Cottle Hunt; Lafayette College Seth Neumuller; Wellesley College
presented by: Erin Cottle Hunt, Lafayette College
Consumption Commitments and The Consumption Elasticity to Permanent Income
By Paulo Lins; University of Rochester
presented by: Paulo Lins, University of Rochester
Session 20: Search Frictions May 20, 2023 8:30 to 10:00 Location: 129
Session Chair: Yajie Wang, University of Rochester
Session type: contributed
Dynamic and Stochatic Search Equilibrium
By Camilo Morales-Jimenez; Board of Governors of the Federal Reserv
presented by: Camilo Morales-Jimenez, Board of Governors of the Federal Reserv
Unemployment Duration under Flexible Information Acquisition
By Jeong Ho (John) Kim; Emory University Kyungmin Kim; Emory University Marilyn Pease; Indiana University
presented by: Jeong Ho (John) Kim, Emory University
Uncertainty and Unemployment Revisited: The Consequences of Financial and Labor Contracting Frictions
By Yajie Wang; University of Rochester
presented by: Yajie Wang, University of Rochester
Session 21: Policy and Firm Dynamics May 20, 2023 8:30 to 10:00 Location: 131
Session Chair: Mark Rempel, University of Toronto
Session type: contributed
The Not So Uniform Effects of Trade Secret Protection on Business Entry
By Asli Leblebicioglu; Baruch College, CUNY Tanseli Savaser; Vassar College
presented by: Asli Leblebicioglu, Baruch College, CUNY
Liability protection and firm growth
By Raul Morales Lema; The World Bank
presented by: Raul Morales Lema, The World Bank
Innovation and Firm Dynamics with Patent Wars
By Mark Rempel; University of Toronto
presented by: Mark Rempel, University of Toronto
Session 22: Sovereign default May 20, 2023 8:30 to 10:00 Location: 133
Session Chair: Chang Liu, University of Rochester
Session type: contributed
Trade Barriers and Sovereign Default Risk
By George Alessandria; University of Rochester Yan Bai; University of Rochester Minjie Deng; Simon Fraser University Chang Liu; University of Rochester
presented by: Chang Liu, University of Rochester
Sovereign Debt Crisis, Tax Smoothing, and Political Constraints
By Marina Azzimonti; Federal Reserve Bank of Richmond Nirvana Mitra; CAFRAL & Shiv Nadar IoE
presented by: Nirvana Mitra, CAFRAL & Shiv Nadar IoE
Sovereign Debt and Credit Default Swaps
By Gaston Chaumont; University of Rochester R. Gordon; FRB of Richmond Bruno Sultanum; Federal Reserve Bank of Richmond Elliot Tobin; The Federal Reserve Bank of Richmond
presented by: R. Gordon, FRB of Richmond
Session 23: Financial Markets and Neglected Factors May 20, 2023 8:30 to 10:00 Location: G29
Session Chair: Yinxi Xie, Bank of Canada
Session type: contributed
Corporate Bond CIP Deviations: Liquidity Constraint or Risk Sentiment Variation?
By Chunya Bu
presented by: Chunya Bu, University of Rochester
The Convenience Yield, Inflation Expectations, and Public Debt Growth
By Zhiyu Fu; University of Chicago Jian Li; Columbia University Yinxi Xie; Bank of Canada
presented by: Yinxi Xie, Bank of Canada
Session 24: Population and Long Run Growth May 20, 2023 10:15 to 11:45 Location: 127
Session Chair: Luis Felipe Saenz, University of South Carolina
Session type: contributed
Fertility, Human Capital, and Economic Growth: International Evidence
By Narendra Regmi; University of Wisconsin Whitewater Robert Tamura; Clemson University
presented by: Narendra Regmi, University of Wisconsin Whitewater
From Population Growth to TFP Growth
By Hiroshi Inokuma; Washington University in St. Louis Juan Sanchez; Federal Reserve Bank of St. Louis
presented by: Juan Sanchez, Federal Reserve Bank of St. Louis
The Global Industrial Revolution
By Robert Lucas; University of Chicago Luis Felipe Saenz; University of South Carolina
presented by: Luis Felipe Saenz, University of South Carolina
Session 25: Unemployment Insurance May 20, 2023 10:15 to 11:45 Location: G16
Session Chair: Shannon Sledz, University of Wisconsin - Madison
Session type: contributed
Reservation Wage and Unemployment Benefits
By Martin Gervais; University of Georgia Roozbeh Hosseini; University of Georgia Lawrence Warren; US Census
presented by: Roozbeh Hosseini, University of Georgia
Who to insure - firms or workers?
By Shannon Sledz; University of Wisconsin - Madison
presented by: Shannon Sledz, University of Wisconsin - Madison
Session 26: Monetary Policy: Information and Risk May 20, 2023 10:15 to 11:45 Location: G19
Session Chair: Xiaohan Ma, Texas Tech University
Session type: contributed
Stabilization Policy and Imperfect Information
By Seon Tae Kim; Handong Global University Alessandro Marchesiani; University of Liverpool
presented by: Alessandro Marchesiani, University of Liverpool
Monetary Policy with Uncertain Supply- and Demand-side Disturbances and Learning
By Xiaohan Ma; Texas Tech University
presented by: Xiaohan Ma, Texas Tech University
Session 27: Banks and Finance in Open Economy May 20, 2023 10:15 to 11:45 Location: G24
Session Chair: Luigi Falasconi, UPenn
Session type: contributed
Bank Foreign Liabilities and Capital Requirements
By Luigi Falasconi; UPenn Caterina Mendicino; ECB Dominik Supera; Columbia Business School
presented by: Luigi Falasconi, UPenn
The US, Economic News, and the Global Financial Cycle
By Christoph Boehm; UT Austin Niklas Kroner; Federal Reserve Board
presented by: Niklas Kroner, Federal Reserve Board
Central Banker to the World: Foreign Reserve Management and U.S. Money Market Liquidity
By Ron Alquist; U.S. Department of Treasury Karlye Dilts Stedman; Federal Reserve Bank of Kansas City Jay Kahn; Federal Reserve Board of Governors
presented by: Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
Session 28: Business Cycle Empirics May 20, 2023 10:15 to 11:45 Location: 129
Session Chair: Ren Zhang, Texas State University
Session type: contributed
The Sine Aggregatio Approach to Applied Macro
By Timothy Conley; Western University William Dupor; Federal Reserve Bank of St. Louis Mahdi Ebsim; New York University
presented by: William Dupor, Federal Reserve Bank of St. Louis
Twisting Theories to Suit Facts: Revisiting the Effects of Technology Shocks
By Yang Yang; School of Finance, Zhongnan University of Economics and Law Ren Zhang; Texas State University
presented by: Ren Zhang, Texas State University
Session 29: Asset Holdings and Their Effects May 20, 2023 10:15 to 11:45 Location: G29
Session Chair: Ayse Sapci, Utah State University
Session type: invited
The Firm Balance Sheet Channel of Uncertainty Shocks
By Wentao Zhou; University of Wisconsin
presented by: Wentao Zhou, University of Wisconsin
The Housing Market, Financial Shocks, and Spillovers
By Ayse Sapci; Utah State University
presented by: Ayse Sapci, Utah State University
Session 30: Global Policy Spillovers May 20, 2023 10:15 to 11:45 Location: 131
Session Chair: Farzana Alamgir, McMaster University
Session type: contributed
US Monetary Policy Uncertainty Spillover and the Role of Exchange Rate Regime
By Yeonggyu Yun; University of Wisconsin-Madison SOYOUNG KIM; Seoul National University Yongseung Jung; Department of Economics
presented by: Yeonggyu Yun, University of Wisconsin-Madison
The Bribe Rate and Long Run Differences in Sovereign Borrowing Costs
By Farzana Alamgir; McMaster University Johnny Cotoc; McMaster University Alok Johri; McMaster University
presented by: Alok Johri, McMaster University
Session 31: Drivers of Productivity Slowdown May 20, 2023 10:15 to 11:45 Location: 133
Session Chair: Eva De Francisco, Bureau of Economic Analysis
Session type: contributed
Competition, Firm Innovation, and Growth under Imperfect Technology Spillovers
By Karam Jo; Korea Development Institute Seula Kim; University of Maryland
presented by: Seula Kim, University of Maryland
Firm level drivers of the U.S productivity slowdown
By Kyle Herkenhoff; University of Minnesota William Jungerman; University of Minnesota
presented by: William Jungerman, University of Minnesota
Are we asking too much of young females?
By Eva De Francisco; Bureau of Economic Analysis
presented by: Eva De Francisco, Bureau of Economic Analysis
Session 32: Expectations of Inflation May 20, 2023 13:30 to 15:00 Location: G24
Session Chair: Francisca Sara-Zaror, Federal Reserve Board
Session type: contributed
Aggregate Implications of Heterogeneous Inflation Expectations: The Role of Individual Experience
By Mathieu Pedemonte Lavis; Federal Reserve Bank of Cleveland Hiroshi Toma; University of Michigan Esteban Verdugo; University of Michigan
presented by: Mathieu Pedemonte Lavis, Federal Reserve Bank of Cleveland
Expected Inflation and Welfare: The Role of Consumer Search
By Francisca Sara-Zaror; Federal Reserve Board
presented by: Francisca Sara-Zaror, Federal Reserve Board
Session 33: Labor Market Regulations May 20, 2023 13:30 to 15:00 Location: G16
Session Chair: Paul Jackson, National University of Singapore
Session type: contributed
The Changing Value of Employment and Its Implications
By Davide Alonzo; Université de Montréal Giovanni Gallipoli; UBC
presented by: Davide Alonzo, Université de Montréal
Merger Guidelines for the Labor Market
By Thomas Hasenzagl; University of Minnesota
presented by: Thomas Hasenzagl, University of Minnesota
The Underemployment Trap
By Paul Jackson; National University of Singapore Jie Duan; National University of Singapore
presented by: Paul Jackson, National University of Singapore
Session 34: International Monetary Economics May 20, 2023 13:30 to 15:00 Location: G19
Session Chair: Shiv Dixit, Indian School of Business
Session type: contributed
Arbitraging Covered Interest Rate Parity Deviations and Bank Lending
By Lorena Keller; University of Pennsylvania
presented by: Lorena Keller, University of Pennsylvania
Bank Coordination and Monetary Transmission: Evidence from India
By Shiv Dixit; Indian School of Business
presented by: Shiv Dixit, Indian School of Business
Session 35: State Taxes, Progressivity, and Multipliers May 20, 2023 13:30 to 15:00 Location: 127
Session Chair: Trevor Gallen, Purdue University
Session type: contributed
Heterogeneous Spending, Heterogeneous Multipliers
By Umberto Muratori; European University Institute Pedro Juarros; INTERNATIONAL MONETARY FUND Daniel Valderrama; The World Bank
presented by: Umberto Muratori, European University Institute
Tax and Transfer Progressivity at the US State Level
By Johannes Fleck; Federal Reserve Board of Governors Jonathan Heathcote; Federal Reserve Bank of Minneapolis Kjetil Storesletten; University of Minnesota Giovanni Violante; Princeton
presented by: Johannes Fleck, Federal Reserve Board of Governors
Is Earnings Inequality Driven by Talent or Tastes?
By Trevor Gallen; Purdue University
presented by: Trevor Gallen, Purdue University
Session 36: International Trade and Spatial Economics May 20, 2023 13:30 to 15:00 Location: 129
Session Chair: Vanessa Alviarez, Inter-American Development Bank
Session type: contributed
Two-sided Sorting and Spatial Inequality
By Guangbin Hong; University of Toronto
presented by: Guangbin Hong, University of Toronto
Do Lenders Respond to Import Competition? Evidence from Bank-Firm Loan Level Data
By Pavel Chakraborty; Lancaster University Subrata Kumar Ritadhi; Ashoka University
presented by: Pavel Chakraborty, Lancaster University
Concentration and Markups in International Trade
By Vanessa Alviarez; Inter-American Development Bank Michele Fioretti; Sciences Po Ayumu Ken Kikkawa; University of British Columbia Monica Morlacco; University of Southern California
presented by: Vanessa Alviarez, Inter-American Development Bank
Session 37: Human Capital and Innovation May 20, 2023 13:30 to 15:00 Location: 131
Session Chair: Santiago Caicedo, Clemson University
Session type: contributed
Firm and Worker Dynamics with Knowledge Diffusion
By Jingnan Liu; University of Wisconsin-Madison
presented by: Jingnan Liu, University of Wisconsin-Madison
Strategic Demand for Inventors
By Sangdong Kim; The Ohio State University
presented by: Sangdong Kim, The Ohio State University
The Concentration of Human Capital and Innovation
By Santiago Caicedo; Clemson University Jeremy Pearce; University of Chicago
presented by: Santiago Caicedo, Clemson University
Session 38: Business Cycles: Debt, Innovation & Firms May 20, 2023 13:30 to 15:00 Location: 133
Session Chair: Jin Lau, Rutgers University
Session type: contributed
Debt Relief Policy for Heterogeneous Firms
By Matt D'Urso; The Ohio State University
presented by: Matt D'Urso, The Ohio State University
Debt Financing, Used Capital Market and Capital Reallocation
By Hui-Jun Chen; The Ohio State University
presented by: Hui-Jun Chen, The Ohio State University
TFP News Shocks Under Occasionally Binding Constraints
By Jin Lau; Rutgers University
presented by: Jin Lau, Rutgers University
Session 39: Information in Finance May 20, 2023 13:30 to 15:00 Location: G29
Session Chair: Can Sever, International Monetary Fund
Session type: contributed
Heterogeneity in the Credit Card Market
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia Burcu Eyigungor; Federal Reserve Bank of Philadelphia
presented by: Burcu Eyigungor, Federal Reserve Bank of Philadelphia
Firm Leverage, Employment Growth and Investment Over Time
By Can Sever; International Monetary Fund
presented by: Can Sever, International Monetary Fund
Session 40: Term Structure of Interest Rates May 20, 2023 15:15 to 16:45 Location: G29
Session Chair: Hiroatsu Tanaka, Federal Reserve Board
Session type: contributed
Aggregate Risk in the Term Structure of Corporate Credit
By Johannes Poeschl; Danmarks Nationalbank Ram Yamarthy; Office of Financial Research
presented by: Ram Yamarthy, Federal Reserve Board of Governors
The U.S. Treasury Term Premia in a Low Interest Rate Regime
By Maksim Isakin; Cleveland State University, Economics Bob Ngo; Cleveland State University
presented by: Bob Ngo, Cleveland State University
Equilibrium Yield Curves with Imperfect Information
By Hiroatsu Tanaka; Federal Reserve Board
presented by: Hiroatsu Tanaka, Federal Reserve Board
Session 41: Monetary Policy's Effects May 20, 2023 15:15 to 16:45 Location: G19
Session Chair: Carlos Yepez, University of Manitoba
Session type: contributed
Limited Liability, Asset Price Bubbles and the Credit Cycle: The Role of Monetary Policy
By Michal Kejak; CERGE-EI
presented by: Michal Kejak, CERGE-EI
Firm dynamics, informality, and monetary policy
By Carlos Yepez; University of Manitoba
presented by: Carlos Yepez, University of Manitoba
Session 42: Labor Market Policies May 20, 2023 15:15 to 16:45 Location: G24
Session Chair: Caio Romeu Bloise, Insper
Session type: contributed
Population Growth and Employment Protection Legislation
By cheng chen; Clemson University
presented by: cheng chen, Clemson University
Partial Job Automation
By Andre Mouton; Wake Forest University
presented by: Andre Mouton, Wake Forest University
Optimal Public Debt with Labor-Market Frictions
By Caio Romeu Bloise; Insper Vitor Augusto Fancio; Insper
presented by: Caio Romeu Bloise, Insper
Session 43: Open Macro May 20, 2023 15:15 to 16:45 Location: 127
Session Chair: Galip Ozhan, Bank of Canada
Session type: contributed
International Trade and Macroeconomic Dynamics with Sanctions
By Galip Ozhan; Bank of Canada
presented by: Galip Ozhan, Bank of Canada
International Trade, Volatility, and Income Differences
By Roman Merga; International Monetary Fund
presented by: Roman Merga, International Monetary Fund
Productive Misallocation and International Transmission of Credit Shocks
By Yuko Imura; Bank of Canada Julia Thomas; Ohio State University
presented by: Julia Thomas, Ohio State University
Session 44: Capital Taxation May 20, 2023 15:15 to 16:45 Location: 129
Session Chair: Filippo Occhino, Kennesaw State University
Session type: contributed
The Ramsey Steady-State Conundrum in Heterogeneous-Agent Economies
By YiLi Chien; Federal Reserve Bank of St. Louis Yi Wen; Shanghai Jiaotong University
presented by: YiLi Chien, Federal Reserve Bank of St. Louis
Capital Tax Reforms With Policy Uncertainty
By Árpád Ábrahám; University of Bristol Pavel Brendler; University of Bonn Eva Carceles-Poveda; Stony Brook
presented by: Eva Carceles-Poveda, Stony Brook
The Macroeconomic Effects of Business Tax Cuts
By Filippo Occhino; Kennesaw State University
presented by: Filippo Occhino, Kennesaw State University
Session 45: Risks in Banking May 20, 2023 15:15 to 16:45 Location: 131
Session Chair: Miguel Acosta Henao, Central Bank of Chile
Session type: invited
Optimal Intermediary Contracts
By Chao Gu; University of Missouri Joseph Haslag; University of Missouri-Columbia
presented by: Nabi Arjmandi, University of Missouri
Relationship Lending: Characteristics and Real Effects
By Miguel Acosta Henao; Central Bank of Chile
presented by: Miguel Acosta Henao, Central Bank of Chile
Session 46: Structural Change in Developing Economies May 20, 2023 15:15 to 16:45 Location: 133
Session Chair: Chaoran Chen, York University
Session type: contributed
Home Production and Gender Gap in Structural Change
By Huoqing Cao Chaoran Chen; York University Xican Xi; Fudan University
presented by: Chaoran Chen, York University
Building the City Under Financial Frictions
By David Gomtsyan; CERDI
presented by: David Gomtsyan, CERDI
How Task-Biased is Capital-Embodied Innovation?
By Hyejin Park; Université de Montréal
presented by: Hyejin Park, Université de Montréal
Session 47: Monetary Policy and Labor Markets May 21, 2023 8:30 to 10:00 Location: G29
Session Chair: Ronald Mau, University of Mississippi
Session type: contributed
Unconventional Monetary Policy and Labor Demand
By Andrew Yizhou Liu; University of Arkansas
presented by: Andrew Yizhou Liu, University of Arkansas
Understanding the Gains from Wage Flexibility in a Currency Union: The Fiscal Policy Connection
By Eiji Okano; Nagoya City University
presented by: Eiji Okano, Nagoya City University
QE Transmission: Spend More or Work Less
By Ronald Mau; University of Mississippi Alexander Richter; Federal Reserve Bank of Dallas Nathaniel Throckmorton; William & Mary
presented by: Ronald Mau, University of Mississippi
Session 48: Insurance and Welfare May 21, 2023 8:30 to 10:00 Location: G24
Session Chair: John Gibson, University of Texas at El Paso
Session type: invited
Labor Market Effects of UBI in Developing Economies
By Guilherme Gallego; Insper
presented by: Guilherme Gallego, Insper
Beyond Income: Health, Wealth, and Racial Welfare Gaps Among Older Americans
By Ray Miller; Colorado State University
presented by: Ray Miller, Colorado State University
Assessing the Impact of Informal Sector Employment on Young Less-Educated Workers
By Javier Cano-Urbina; Florida State University John Gibson; University of Texas at El Paso
presented by: John Gibson, University of Texas at El Paso
Session 49: Financing Innovation May 21, 2023 8:30 to 10:00 Location: 127
Session Chair: Simone Lenzu, New York University
Session type: contributed
Financing Innovation with Innovation
By Min Fang; University of Florida
presented by: Min Fang, University of Florida
Productivity, Investment, and Wealth Dynamics under Financial Frictions
By Matias Tapia; Central Bank of Chile
presented by: Matias Tapia, Central Bank of Chile
Financial Shocks, Productivity, and Prices
By Simone Lenzu; New York University David Rivers; University of Western Ontario Joris Tielens; National Bank of Belgium
presented by: Simone Lenzu, New York University
Session 50: Human Capital Investment & Opportunity Costs May 21, 2023 8:30 to 10:00 Location: 129
Session Chair: Neha Bairoliya, University of Southern California
Session type: contributed
Cognitive Ability, Education, and Fertility Risk
By Agustin Diaz; Banco Central de Chile
presented by: Agustin Diaz, Banco Central de Chile
The Distributional Effects of Student Debt Forgiveness in General Equilibrium: The Role of Housing
By Sunghwan Kim
presented by: Sunghwan Kim,
Exercise or Extra Fries? How Behavior Impacts Health Over the Life Cycle
By Neha Bairoliya; University of Southern California Ray Miller; Colorado State University Vegard Nygaard; University of Houston
presented by: Neha Bairoliya, University of Southern California
Session 51: Business Cycles: Technology, Products & Financial Risks May 21, 2023 8:30 to 10:00 Location: G19
Session Chair: Molin Zhong, Federal Reserve Board
Session type: contributed
Product Switching and Young Firm Dynamics over the Business Cycle
By Karam Jo; Korea Development Institute Seula Kim; University of Maryland
presented by: Seula Kim, University of Maryland
Macroeconomic and Financial Risks: A Tale of Mean and Volatility
By Dario Caldara; Federal Reserve Board Chiara Scotti; Federal Reserve Bank of Dallas Molin Zhong; Federal Reserve Board
presented by: Molin Zhong, Federal Reserve Board
Measuring the Effects of Fiscal Policy Shocks on U.S. Output in a Markov-Switching Bayesian VAR
By Kenneth Rich; University of Mississippi
presented by: Kenneth Rich, University of Mississippi
Session 52: Capital Flows May 21, 2023 8:30 to 10:00 Location: 131
Session Chair: Ayse Kabukcuoglu Dur, North Carolina State University
Session type: contributed
Rising Current Account Dispersion: Financial or Trade Integration?
By George Alessandria; University of Rochester Yan Bai; University of Rochester Soo Kyung Woo; University of Rochester
presented by: Soo Kyung Woo, University of Rochester
Winners and Losers of Global Rebalancing
By Ayse Kabukcuoglu Dur; North Carolina State University Jacek Rothert; United States Naval Academy
presented by: Ayse Kabukcuoglu Dur, North Carolina State University
Impact of FDI Openness on Resource Allocation and Productivity Growth
By Duc Nguyen; University of Toronto
presented by: Duc Nguyen, University of Toronto
Session 53: Job Ladders and Wage Dynamics May 21, 2023 8:30 to 10:00 Location: 133
Session Chair: Srijan Banerjee, Clemson University
Session type: contributed
The Job Churn Ladder
By Lawrence Warren; U.S. Census Bureau David Wiczer; Stony Brook University
presented by: Lawrence Warren, U.S. Census Bureau
A Job Ladder Model of Firm, Worker, and Earnings Dynamics
By Sean McCrary; University of Pennsylvania
presented by: Sean McCrary, University of Pennsylvania
Labor Market Turbulence and Black-White Unemployment Gap
By Srijan Banerjee; Clemson University
presented by: Srijan Banerjee, Clemson University
Session 54: Volatility in Open Economies May 21, 2023 8:30 to 10:00 Location: G16
Session Chair: Lucia Casal, Cornell University
Session type: contributed
Government Spending Dynamics in Small Open Economies
By Raphaelle G. Coulombe; Middlebury College Jaroslav Horvath; University of New Hampshire
presented by: Jaroslav Horvath, University of New Hampshire
The Business Cycle Volatility Puzzle: Emerging vs Developed Economies
By Lucia Casal; Cornell University Rafael Guntin; University of Rochester
presented by: Lucia Casal, Cornell University
Accounting for the slowdown in output growth after the Great Recession: A wealth preference approach
By Kazuma Inagaki; University of Rochester Yoshiyasu Ono; Osaka University Takayuki Tsuruga; Osaka University
presented by: Kazuma Inagaki, University of Rochester
Session 55: Debt and Monetary Policy May 21, 2023 10:15 to 11:45 Location: G29
Session Chair: Ali Uppal, University of California San Diego
Session type: contributed
Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy
By Charles Goodhart; london school of economics Udara Peiris; Oberlin College Dimitrios Tsomocos; University of Oxford Xuan Wang; Vrije Universiteit Amsterdam and Tinberg
presented by: Udara Peiris, Oberlin College
State-Dependent Pass-Through from Monetary Policy to Lending Rates
By Federico Puglisi; Northwestern University
presented by: Federico Puglisi, Northwestern University
Can Monetary Policy Support Financial Stability? Evidence From Bank Leverage
By Ali Uppal; University of California San Diego
presented by: Ali Uppal, University of California San Diego
Session 56: Intergenerational Mobility and Wealth Inequality May 21, 2023 10:15 to 11:45 Location: G24
Session Chair: Sergio Ocampo-Diaz, Western University
Session type: contributed
Intergenerational Mobility and Credit
By J. Carter Braxton; University of Wisconsin Nisha Chikhale; University of Wisconsin Madison Kyle Herkenhoff; University of Minnesota Gordon Phillips; Dartmouth College, NBER
presented by: Nisha Chikhale, University of Wisconsin Madison
Family structure, education prices, and inequality
By Joseph Pedtke; University of Minnesota
presented by: Joseph Pedtke, University of Minnesota
The Life Cycle Dynamics of Wealth Mobility
By Richard Audoly; Federal Reserve Bank of New York Rory McGee; University of Western Ontario Sergio Ocampo-Diaz; Western University Gonzalo Paz-Pardo; European Central Bank
presented by: Sergio Ocampo-Diaz, Western University
Session 57: Macro Structure of Innovation May 21, 2023 10:15 to 11:45 Location: G16
Session Chair: Anthony Savagar, University of Kent
Session type: contributed
A Unified Theory of Value: Oligopolistic Competition and Optimum Product Diversity
By Juan Cordoba; Iowa State University Xiying Liu; Economics and Management School of Wuhan University
presented by: Juan Cordoba, Iowa State University
Schumpeterian Growth with Variable Elasticity of Substitution
By Gilad Sorek; Auburn University
presented by: Gilad Sorek, Auburn University
Returns to Scale and Productivity in the Macroeconomy
By Anthony Savagar; University of Kent Joel Kariel; University of Kent
presented by: Anthony Savagar, University of Kent
Session 58: Business Cycles: Topics May 21, 2023 10:15 to 11:45 Location: 127
Session Chair: Neha Bairoliya, University of Southern California
Session type: contributed
Robustness, household heterogeneity and business cycles
By Edouard Djeutem; Bank of Canada
presented by: Edouard Djeutem, Bank of Canada
Endogenous Labor Supply in an Estimated New-Keynesian Model: Nominal vs. Real Rigidities
By Isabel Cairo; Federal Reserve Board Hess Chung; Federal Reserve Board Francesco Ferrante; Federal Reserve Board Cristina Fuentes-Albero; Board of Governors of the Federal Reserv Camilo Morales-Jimenez; Federal Reserve Board Damjan Pfajfar; Board of Governors of the Federal Reserv
presented by: Camilo Morales-Jimenez, Federal Reserve Board
Revisiting Retirement and Social Security Claiming Decisions
By Neha Bairoliya; University of Southern California Kathleen McKiernan; Vanderbilt University
presented by: Neha Bairoliya, University of Southern California
Session 59: Sovereign Debt May 21, 2023 10:15 to 11:45 Location: G19
Session Chair: Ayse Kabukcuoglu Dur, North Carolina State University
Session type: contributed
International Sovereign Spread Differences and the Poverty of Nations
By Farzana Alamgir; McMaster University Alok Johri; McMaster University
presented by: Alok Johri, McMaster University
Growth policies and sovereign default
By Alejandro Izquierdo; InterAmerican Development Bank Juan Sanchez; Federal Reserve Bank of St. Louis Horacio Sapriza; Federal Reserve Bank of Richmond
presented by: Horacio Sapriza, Federal Reserve Bank of Richmond
Credit Ratings in Sovereign Bond Markets
By Juyoung Yang; University of Minnesota
presented by: Juyoung Yang, University of Minnesota

 

This program was last updated on 2023-05-21 10:06:26 EDT