Midwest Macro Meeting Fall 2023

Lubbock, TX

 
November 10, 2023
 
TimeLocationEvent
 
14:00 to 15:30see below Block 1
 
 
16:00 to 17:30see below Block 2
 
 
18:30 to 19:30Texas Tech Club
Plenary I: Marina Azzimonti, Texas Tech Club
 
 
 
November 11, 2023
 
TimeLocationEvent
 
09:00 to 10:30see below Block 3
 
 
11:00 to 12:30see below Block 4
 
 
14:00 to 15:30see below Block 5
 
 
16:00 to 17:30see below Block 6
 
 
18:30 to 19:30Frazier Alumni Pavilion
Plenary II: Lutz Kilian, Frazier Alumni Pavilion
 
 
 
November 12, 2023
 
TimeLocationEvent
 
09:00 to 10:30see below Block 7
 
 
11:00 to 12:30see below Block 8
 
 

 

Program Notes and Index of Sessions

Block 1
Locations: click on each session to see location
November 10, 2023 14:00 to 15:30
 
Monetary Policy Transmission, 106
Trade and Labor, 109
Fiscal Policy I, 154
Misallocation, 155
Heterogeneity in Households and Firms, 225
Macroeconomic Aspects of Environment, 233

Block 2
Locations: click on each session to see location
November 10, 2023 16:00 to 17:30
 
Monetary and Fiscal Interactions, 106
Labor Market Dynamics I, 109
Heterogeneity and Business Cycles, 154
Financial Frictions, 155
Technological Change and Macroeconomics, 225
Sovereign Debt, 233

Plenary I: Marina Azzimonti
Location: Texas Tech Club
November 10, 2023 18:30 to 19:30

Block 3
Locations: click on each session to see location
November 11, 2023 09:00 to 10:30
 
Monetary Policy, 106
Labor Productivity, 109
Trade and Technology, 111
Debt Dynamics, 152
Shocks and Economics Fluctuations, 154
Banking, 155

Block 4
Locations: click on each session to see location
November 11, 2023 11:00 to 12:30
 
Unconventional Monetary Policy, 106
Labor Force and Entrepreneurship, 109
Economic Geography and Economic Growth, 111
Sovereign Default, 152
Economic Behavior and Preferences, 154
Contracting, 155

Block 5
Locations: click on each session to see location
November 11, 2023 14:00 to 15:30
 
Inflation Targeting, 106
Education and Human Capital, 109
Innovations in Time Series Modeling, 111
Production Networks, 152
Housing and Aggregate Fluctuations, 154
Macro Announcements and News Shocks, 155

Block 6
Locations: click on each session to see location
November 11, 2023 16:00 to 17:30
 
Fiscal Policy II, 106
Labor Market Dynamics II, 109
Inequality, 111
Political Economy and Growth, 152
Prices and Output, 154
Exchange Rates I, 155

Plenary II: Lutz Kilian
Location: Frazier Alumni Pavilion
November 11, 2023 18:30 to 19:30

Block 7
Locations: click on each session to see location
November 12, 2023 09:00 to 10:30
 
Fiscal Policy and Business Cycles, 106
Labor Force and Wages, 109
Exchange Rates II, 111
Development and Growth, 152
Firm Dynamics and Aggregate Fluctuations, 239
Commodity Prices and Inflation Expectations, 155

Block 8
Locations: click on each session to see location
November 12, 2023 11:00 to 12:30
 
Insights from Text and Survey Data, 239
Topics in Macro Labor, 109
Firm Dynamics, 111
Commodity Prices and the Macroeconomy, 154
Credit and The Macroeconomy, 155
Climate Change and the Macroeconomy, 152

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeTitle/LocationPapers
1November 10, 2023
14:00-15:30
Monetary Policy Transmission

    Location: 106

3
2November 10, 2023
14:00-15:30
Trade and Labor

    Location: 109

3
3November 10, 2023
14:00-15:30
Fiscal Policy I

    Location: 154

3
4November 10, 2023
14:00-15:30
Misallocation

    Location: 155

3
5November 10, 2023
14:00-15:30
Heterogeneity in Households and Firms

    Location: 225

3
6November 10, 2023
14:00-15:30
Macroeconomic Aspects of Environment

    Location: 233

3
7November 10, 2023
16:00-17:30
Monetary and Fiscal Interactions

    Location: 106

3
8November 10, 2023
16:00-17:30
Labor Market Dynamics I

    Location: 109

3
9November 10, 2023
16:00-17:30
Heterogeneity and Business Cycles

    Location: 154

3
10November 10, 2023
16:00-17:30
Financial Frictions

    Location: 155

3
11November 10, 2023
16:00-17:30
Technological Change and Macroeconomics

    Location: 225

3
12November 10, 2023
16:00-17:30
Sovereign Debt

    Location: 233

3
13November 11, 2023
9:00-10:30
Monetary Policy

    Location: 106

3
14November 11, 2023
9:00-10:30
Labor Productivity

    Location: 109

3
15November 11, 2023
9:00-10:30
Trade and Technology

    Location: 111

3
16November 11, 2023
9:00-10:30
Debt Dynamics

    Location: 152

3
17November 11, 2023
9:00-10:30
Shocks and Economics Fluctuations

    Location: 154

3
18November 11, 2023
9:00-10:30
Banking

    Location: 155

3
19November 11, 2023
11:00-12:30
Unconventional Monetary Policy

    Location: 106

3
20November 11, 2023
11:00-12:30
Labor Force and Entrepreneurship

    Location: 109

3
21November 11, 2023
11:00-12:30
Economic Geography and Economic Growth

    Location: 111

3
22November 11, 2023
11:00-12:30
Sovereign Default

    Location: 152

3
23November 11, 2023
11:00-12:30
Economic Behavior and Preferences

    Location: 154

3
24November 11, 2023
11:00-12:30
Contracting

    Location: 155

3
25November 11, 2023
14:00-15:30
Inflation Targeting

    Location: 106

3
26November 11, 2023
14:00-15:30
Education and Human Capital

    Location: 109

3
27November 11, 2023
14:00-15:30
Innovations in Time Series Modeling

    Location: 111

3
28November 11, 2023
14:00-15:30
Production Networks

    Location: 152

3
29November 11, 2023
14:00-15:30
Housing and Aggregate Fluctuations

    Location: 154

3
30November 11, 2023
14:00-15:30
Macro Announcements and News Shocks

    Location: 155

3
31November 11, 2023
16:00-17:30
Fiscal Policy II

    Location: 106

3
32November 11, 2023
16:00-17:30
Labor Market Dynamics II

    Location: 109

3
33November 11, 2023
16:00-17:30
Inequality

    Location: 111

3
34November 11, 2023
16:00-17:30
Political Economy and Growth

    Location: 152

3
35November 11, 2023
16:00-17:30
Prices and Output

    Location: 154

3
36November 11, 2023
16:00-17:30
Exchange Rates I

    Location: 155

3
37November 12, 2023
9:00-10:30
Fiscal Policy and Business Cycles

    Location: 106

3
38November 12, 2023
9:00-10:30
Labor Force and Wages

    Location: 109

3
39November 12, 2023
9:00-10:30
Exchange Rates II

    Location: 111

3
40November 12, 2023
9:00-10:30
Development and Growth

    Location: 152

3
41November 12, 2023
9:00-10:30
Firm Dynamics and Aggregate Fluctuations

    Location: 239

3
42November 12, 2023
9:00-10:30
Commodity Prices and Inflation Expectations

    Location: 155

3
43November 12, 2023
11:00-12:30
Insights from Text and Survey Data

    Location: 239

3
44November 12, 2023
11:00-12:30
Topics in Macro Labor

    Location: 109

3
45November 12, 2023
11:00-12:30
Firm Dynamics

    Location: 111

3
46November 12, 2023
11:00-12:30
Commodity Prices and the Macroeconomy

    Location: 154

3
47November 12, 2023
11:00-12:30
Credit and The Macroeconomy

    Location: 155

3
48November 12, 2023
11:00-12:30
Climate Change and the Macroeconomy

    Location: 152

2
 

48 sessions, 143 papers, and 0 presentations with no associated papers


 

Midwest Macro Meeting Fall 2023

Detailed List of Sessions

 
Session 1: Monetary Policy Transmission
November 10, 2023 14:00 to 15:30
Location: 106
 
Session Chair: Jorge Miranda-Pinto, International Monetary Fund and University of Queensland
 

Monetary Policy Transmission Under Supply Chain Pressure
By Sebastian Laumer; University of North Carolina, Greensboro
Matthew Schaffer; University of North Carolina at Greensboro
   presented by: Sebastian Laumer, University of North Carolina, Greensboro
 

The Power of Reserve Tiering: Financial Institution Heterogeneity and Monetary Policy Pass-through
By
   presented by: Wentong Chen, Cornell University
 

Monetary Policy Transmission through Commodity Prices
By Jorge Miranda-Pinto; International Monetary Fund and University of Queensland
Andrea Pescatori; IMF
   presented by: Jorge Miranda-Pinto, International Monetary Fund and University of Queensland
 
Session 2: Trade and Labor
November 10, 2023 14:00 to 15:30
Location: 109
 
Session Chair: Chong Xiang, Purdue University
 

Labour Market Power and the Dynamic Gains to Openness Reforms
By Priyaranjan Jha; UC-Irvine
Antonio Rodriguez-Lopez; University of California, Irvine
Adam Spencer; The University of Nottingham
   presented by: Adam Spencer, The University of Nottingham
 

Imports from China: How did it impact immigrant jobs?
By Andrew Clina; University of New Hampshire
Bikramjit Saha; College of the Holy Cross
   presented by: Bikramjit Saha, College of the Holy Cross
 

Care for the China Syndrome: Trade Shock, Sick Workers, and Access to Healthcare
By Soojin Kim; Georgia State University
Sunham Kim; Purdue University
Chong Xiang; Purdue University
   presented by: Chong Xiang, Purdue University
 
Session 3: Fiscal Policy I
November 10, 2023 14:00 to 15:30
Location: 154
 
Session Chair: YiLi Chien, Federal Reserve Bank of St. Louis
 

Measuring the Effects of Fiscal Policy Shocks on U.S. Output in a Markov-Switching Bayesian VAR
By
   presented by: Kenneth Rich, University of Mississippi
 

Tax and Transfer Progressivity Reforms With Endogenous Education and Intergenerational Links
By
   presented by: Irina Popova, University of Bonn
 

Optimal Dynamic Tax-Transfer Policies in Heterogeneous-Agents Economies
By YiLi Chien; Federal Reserve Bank of St. Louis
Yi Wen; Antai College of Economics and Management, Shanghai Jiaotong University
   presented by: YiLi Chien, Federal Reserve Bank of St. Louis
 
Session 4: Misallocation
November 10, 2023 14:00 to 15:30
Location: 155
 
Session Chair: Bin Wang, Jinan University
 

Hidden Information as a Source of Misallocation: An Application to the Opioid Crisis
By
   presented by: Loris Rubini, University of New Hampshire
 

Entrepreneurship, Human Capital, and the Misallocation of Talent
By Alexandros Loukas; Washington University in St. Louis
   presented by: Alexandros Loukas, Washington University in St. Louis
 

Income Tax Reductions in Production Networks
By
   presented by: Bin Wang, Jinan University
 
Session 5: Heterogeneity in Households and Firms
November 10, 2023 14:00 to 15:30
Location: 225
 
Session Chair: Alvaro Aguirre, Central Bank of Chile
 

Heterogeneous labor market response to monetary policy: small versus large firms
By
   presented by: Anastasia Zervou, UT San Antonio
 

Income Inequality and Variety Inequality
By
   presented by: Ha Bui, The University of Texas at Austin
 

Unequal Political Business Cycles: Inequality, Policy Uncertainty and the Macroeconomy
By
   presented by: Alvaro Aguirre, Central Bank of Chile
 
Session 6: Macroeconomic Aspects of Environment
November 10, 2023 14:00 to 15:30
Location: 233
 
Session Chair: Anca-Ioana Sirbu, Western Washington University
 

Carbon Taxes and Misallocation across Heterogeneous Firms
By
   presented by: Seho Kim, University of Maryland, College Park
 

Is Less Really More? Comparing the Climate and Productivity Impacts of a Shrinking Population
By
   presented by: Kevin Kuruc, University of Texas at Austin
 

Policy Uncertainty and Policy Signaling in an Environmental Model with Induced Innovation
By Patrick Emerson; Oregon State University
Shawn Knabb; Western Washington University
Anca-Ioana Sirbu; Western Washington University
   presented by: Anca-Ioana Sirbu, Western Washington University
 
Session 7: Monetary and Fiscal Interactions
November 10, 2023 16:00 to 17:30
Location: 106
 
Session Chair: Wenyi Shen, Oklahoma State University
 

Fiscal Policy and Sentiments in a Monetary Union
By Abhiprerna Smit; William & Mary
   presented by: Abhiprerna Smit, William & Mary
 

Quantitative Easing, Bank Lending, and Aggregate Fluctuations
By Matthew Schaffer; Eastern Michigan University
Nimrod Segev; BOI
   presented by: Matthew Schaffer, Eastern Michigan University
 

Can Passive Monetary Policy Decrease the Debt Burden?
By Ruoyun Mao; University of Arkansas
Wenyi Shen; Oklahoma State University
Shu-Chun Yang; Academia Sinica
   presented by: Wenyi Shen, Oklahoma State University
 
Session 8: Labor Market Dynamics I
November 10, 2023 16:00 to 17:30
Location: 109
 
Session Chair: Mitchell VanVuren, Yale University
 

Income Inequality and Job Creation
By Sebastian Doerr; Bank for International Settlements
Thomas Drechsel; University of Maryland
Donggyu Lee; Federal Reserve Bank of New York
   presented by: Donggyu Lee, Federal Reserve Bank of New York
 

Imperfect Information and Labor Market Dynamics
By
   presented by: Anushka Mitra, University of Texas at Austin
 

Active Labor Market Policies in General Equilibrium: Crowd-In or Crowd-Out?
By
   presented by: Mitchell VanVuren, Yale University
 
Session 9: Heterogeneity and Business Cycles
November 10, 2023 16:00 to 17:30
Location: 154
 
Session Chair: Alexander Matusche, University of Konstanz
 

The Heterogeneous Effects of Interest Rate Liftoff in an Estimated New Keynesian Model
By Christopher Naubert; CUNY Graduate Center
   presented by: Christopher Naubert, CUNY Graduate Center
 

How Important is Belief Heterogeneity of Households?
By
   presented by: Kwok Yan Chiu, Northwestern University
 

Monetary Policy and Wealth Inequality: The Role of Entrepreneurs
By Alexander Matusche; University of Konstanz
Johannes Wacks; Deutsche Bundesbank
   presented by: Alexander Matusche, University of Konstanz
 
Session 10: Financial Frictions
November 10, 2023 16:00 to 17:30
Location: 155
 
Session Chair: Qingqing Cao, Michigan State University
 

Uncertainty, Firm Investment, and Financial Heterogeneity
By
   presented by: Zhenning Zhao, University of Texas at Austin
 

Financial Deepening, Investment Producers, and the Great Moderation
By Cooper Howes; Federal Reserve Board
Neil White; Amherst College
   presented by: Neil White, Amherst College
 

Adverse Selection, Liquidity Shortage, and Government Liquidity Facilities
By
   presented by: Qingqing Cao, Michigan State University
 
Session 11: Technological Change and Macroeconomics
November 10, 2023 16:00 to 17:30
Location: 225
 
Session Chair: David Lindequist, Miami University
 

On the Elasticity of Substitution between Labor and ICT and IP Capital and Traditional Capital
By
   presented by: Vahagn Jerbashian, University of Barcelona
 

Technological Change and Top Labor Income in Production Hierarchies
By
   presented by: Donghyun Suh, University of Virginia
 

Knowledge-Based Borrowing Constraints
By Christoph Carnehl; Bocconi University
David Lindequist; Miami University
   presented by: David Lindequist, Miami University
 
Session 12: Sovereign Debt
November 10, 2023 16:00 to 17:30
Location: 233
 
Session Chair: Ruoyun Mao, University of Arkansas
 

Hidden Chinese Lending
By
   presented by: Juliana Gamboa-Arbelaez, University of Minnesota
 

SPILLOVER THROUGH SOVEREIGN RISK: U.S. MONETARY POLICY AND EMERGING ECONOMIES
By
   presented by: Chenyang Wang, University of California-Irvine
 

Private Fiscal Information and Sovereign Default Risk
By Siming Liu; Shanghai University of Finance and Economics
Ruoyun Mao; University of Arkansas
Hewei Shen; University of Oklahoma
   presented by: Ruoyun Mao, University of Arkansas
 
Session 13: Monetary Policy
November 11, 2023 9:00 to 10:30
Location: 106
 
Session Chair: Kiyea Jin, University of California, Berkeley
 

Monetary Policy and Firm Dynamics: The Financial Channel
By Boragan Aruoba; University of Maryland
Andrés Fernández; Banco Central de chile
Will Jianyu Lu; Central Bank of Chile
Felipe Saffie; University of Virginia
   presented by: Will Jianyu Lu, Central Bank of Chile
 

Taylor Rule Asymmetries
By Anastasia Zervou; UT San Antonio
Kiyea Jin; University of California, Berkeley
   presented by: Kiyea Jin, University of California, Berkeley
 

Monetary policy in the presence of supply constraints: Evidence from German firm-level data
By Almut Balleer; RWTH Aachen and IIES Stockholm Universit
Marvin Noeller; RWTH Aachen University
   presented by: Marvin Noeller, RWTH Aachen University
 
Session 14: Labor Productivity
November 11, 2023 9:00 to 10:30
Location: 109
 
Session Chair: Francesco Furlanetto, Norges Bank
 

Post-Pandemic Recovery: Search and Matching, Labor Productivity, and Coordination Effects
By
   presented by: Konstantin Platonov, LMU
 

The fall and rebound of average establishment size in West Germany
By Tim Kovalenko; Deutsche Bundesbank
Timo Sauerbier; Friedrich-Alexander-Universit ̈at Erlangen-Nurnberg
Benedikt Schröpf; Friedrich-Alexander-Universit ̈at Erlangen-Nurnberg
   presented by: Tim Kovalenko, Deutsche Bundesbank
 

The Macroeconomic Effects of the Gender Revolution
By Drago Bergholt; Norges Bank Research
Luca Fosso; European Central Bank
Francesco Furlanetto; Norges Bank
   presented by: Francesco Furlanetto, Norges Bank
 
Session 15: Trade and Technology
November 11, 2023 9:00 to 10:30
Location: 111
 
Session Chair: Ping Wang, Washington University in St. Louis
 

AN ACCOUNTING OF THE DECLINE IN CHINA’S TRADE
By
   presented by: Yang Pei, University of Houston
 

Trade, Technology Diffusion, Cross Country Productivity and Income Differences
By
   presented by: Jun Nie, Southern Methodist University
 

Foreign Technology Adoption as a Flying Propeller
By Yunfang Hu; Kobe University
Takuma Kunieda; Kwansei Gakuin University
Kazuo Nishimura; Kobe University
Ping Wang; Washington University in St. Louis
   presented by: Ping Wang, Washington University in St. Louis
 
Session 16: Debt Dynamics
November 11, 2023 9:00 to 10:30
Location: 152
 
Session Chair: Adrian Peralta-Alva, International Monetary Fund
 

A New Measurement of Fiscal Debt and What it Tells Us About Fiscal Capacity
By
   presented by: Andrew Keinsley, Weber State University
 

The Currency-Maturity Composition of Sovereign Debt
By
   presented by: Raymond He, University of Texas at Austin
 

High Public Debts: bad policy or bad luck?
By Nikhil Patel; imf
Adrian Peralta-Alva; International Monetary Fund
   presented by: Adrian Peralta-Alva, International Monetary Fund
 
Session 17: Shocks and Economics Fluctuations
November 11, 2023 9:00 to 10:30
Location: 154
 
Session Chair: Yushin Bu, The Ohio State University
 

Bank Risk Sentiment
By
   presented by: Tyler Pike, University of Maryland, College Park
 

Are all economic fluctuations bad for consumers?
By Jongsoo Kim; Yonsei University
Kwang Hwan Kim; Yonsei University
Myungkyu Shim; Yonsei University
   presented by: Jongsoo Kim, Yonsei University
 

Rise of Startup Acquisitions and the Slowdown of Recovery after a Shock
By
   presented by: Yushin Bu, The Ohio State University
 
Session 18: Banking
November 11, 2023 9:00 to 10:30
Location: 155
 
Session Chair: Sang Rae Kim, Vanderbilt University
 

Commercial Bank Heterogeneity and the Transmission of Monetary Policy Through Bank Lending
By
   presented by: Giorgi Nikolaishvili, University of Oregon
 

Shadow Banks vs. Commercial Banks: Different Responses or Different Shocks?
By
   presented by: Li Yu, Toulouse School of Economics
 

Bank Opacity and Safe Asset Moneyness
By Sang Rae Kim; Vanderbilt University
   presented by: Sang Rae Kim, Vanderbilt University
 
Session 19: Unconventional Monetary Policy
November 11, 2023 11:00 to 12:30
Location: 106
 
Session Chair: Victor Valcarcel, University of Texas at Dallas
 

Forward Guidance and Credibility
By Tanja Linta; Toulouse School of Economics
   presented by: Tanja Linta, Toulouse School of Economics
 

The Impact of Forward Guidance on the Crude Oil Market
By Xiaohan Ma; Texas Tech University
Xuhui (Nick) Pan; University of Oklahoma
   presented by: Xuhui (Nick) Pan, University of Oklahoma
 

A Tale of Two Tightenings
By Yundi Lu; University of Texas at Dallas
Victor Valcarcel; University of Texas at Dallas
   presented by: Victor Valcarcel, University of Texas at Dallas
 
Session 20: Labor Force and Entrepreneurship
November 11, 2023 11:00 to 12:30
Location: 109
 
Session Chair: Lin Shao, Bank of Canada
 

Marriage, Entrepreneurship and Female Labor Force Participation in the US
By
   presented by: Mehmet Demir, ASU
 

Gender Gap and Decline in Female Labour Force Participation in India: A Joint Search Perspective
By Monisankar Bishnu; Indian Statistical Institute, Delhi
S Chandrasekhar; Indira Gandhi Institute of Development Research
Srinivasan Murali; Indian Institute of Management Bangalore
   presented by: Srinivasan Murali, Indian Institute of Management Bangalore
 

Gender Gaps in Time Use and Entrepreneurship
By
   presented by: Lin Shao, Bank of Canada
 
Session 21: Economic Geography and Economic Growth
November 11, 2023 11:00 to 12:30
Location: 111
 
Session Chair: Sunham Kim, Purdue University
 

Foreign Direct Investment, Geography, and Welfare
By Jose Asturias; U.S. Census Bureau
Marco Sanfilippo; University of Turin
Asha Sundaram; University of Auckland
   presented by: Jose Asturias, U.S. Census Bureau
 

Growth and Antitrust Policy
By Thomas May
   presented by: Thomas May,
 

A Dynamic Model of Multidimensional Skill Production and Worker Migration
By
   presented by: Sunham Kim, Purdue University
 
Session 22: Sovereign Default
November 11, 2023 11:00 to 12:30
Location: 152
 
Session Chair: Siming Liu, Binghamton University
 

Sovereign Default and Foreign Political Pressure: Lessons from Mexico and the Rhetoric of Donald Trump
By
   presented by: Stefano Lord-Medrano, University of Wisconsin Madison
 

Rollover Crises in the Calvo Model of Sovereign Default (And Two Ways to Prevent Them)
By
   presented by: Nicolas Maeder, Knauss School of Business, University of San Diego
 

Sovereign Default and Labor Market Dynamics
By Siming Liu; Shanghai University of Finance and Economics
Hewei Shen; University of Oklahoma
   presented by: Siming Liu, Binghamton University
 
Session 23: Economic Behavior and Preferences
November 11, 2023 11:00 to 12:30
Location: 154
 
Session Chair: Luigi Pollio, Boston College
 

The Micro-Aggregated Profit Share
By Thomas Hasenzagl; University of Minnesota
Luis Perez; University of Minnesota
   presented by: Luis Perez, University of Minnesota
 

Preference heterogeneity and portfolio choices over the wealth distribution
By Markus Kondziella; University of St. Gallen
Gualtiero Azzalini; Institute for International Economic Studies, Stockholm University
Zoltan Racz; Stockholm School of Economics
   presented by: Markus Kondziella, University of St. Gallen
 

Customer Capital and the Aggregate Effects of Short-Termism
By Luigi Pollio; Boston College
Marco Errico; Bank of Italy
Alessandro Dario Lavia; Boston College
   presented by: Luigi Pollio, Boston College
 
Session 24: Contracting
November 11, 2023 11:00 to 12:30
Location: 155
 
Session Chair: Mrithyunjayan Nilayamgode, University of Virginia
 

Firm Size and Compensation Dynamics with Risk Aversion and Persistent Private Information
By
   presented by: Gerard Maideu Morera,
 

Enduring Relationships in an Economy with Capital and Private Information
By Aubhik Khan; Ohio State University
Latchezar Popov; Texas Tech University
B. Ravikumar; Federal Reserve Bank of St. Louis
   presented by: Latchezar Popov, Texas Tech University
 

Collateral and Punishment: Coexistence in General Equilibrium
By
   presented by: Mrithyunjayan Nilayamgode, University of Virginia
 
Session 25: Inflation Targeting
November 11, 2023 14:00 to 15:30
Location: 106
 
Session Chair: Fernando Borraz, dECON - FCS - UdelaR
 

Exact Inflation Targeting with Inflation Swaps
By
   presented by: Tom Holden, Deutsche Bundesbank
 

Equilibrium Under Inflation Targeting
By
   presented by: Alexandre Cunha, Federal University of Rio de Janeiro
 

On Firms' Inflation Expectations, (In)Attention, and Inflation Targeting: Survey Evidence from Uruguay
By Fernando Borraz; dECON - FCS - UdelaR
Anna Orlik; Federal Reserve Board of Governors
Laura Zacheo; Banco Central del Uruguay
   presented by: Fernando Borraz, dECON - FCS - UdelaR
 
Session 26: Education and Human Capital
November 11, 2023 14:00 to 15:30
Location: 109
 
Session Chair: Roberto Samaniego, George Washington University
 

Quality, Inequality, and Mobility: American vs. Canadian Systems of Higher Education
By
   presented by: Jacob Wright, University of Minnesota
 

Better Late Than Never: Macroeconomic Impact of Intermittent College Enrollment and Tuition Subsidies
By
   presented by: Guanyi Yang, Colorado College
 

Scars of Pandemics from lost Schooling and Experience: Aggregate Implications and Gender Differences through the Lens of COVID-19
By Roberto Samaniego; George Washington University
Remi Jedwab; George Washington University
Paul Romer; New York University
Asif Islam; World Bank
   presented by: Roberto Samaniego, George Washington University
 
Session 27: Innovations in Time Series Modeling
November 11, 2023 14:00 to 15:30
Location: 111
 
Session Chair: Julian Ludwig, Texas Tech University
 

The Chinese Silver Standard: Parity, Predictability, and (In)Stability, 1912–1934
By Huachen Li; Kenyon College
Jim Nason; Australian National University
   presented by: Huachen Li, Kenyon College
 

Forecasting Economic Activity with a Neural Network in Uncertain Times: Monte Carlo Evidence and Application to German GDP
By Oliver Holtemöller; Halle Institute for Economic Research (IWH)
Boris Kozyrev; Halle Institute for Economic Research (IWH)
   presented by: Boris Kozyrev, Halle Institute for Economic Research (IWH)
 

Multiple Instruments in IV-Local Projections: Heterogeneous Treatment Effects Analysis with an Application to Monetary Policy Shocks
By Julian Ludwig; Texas Tech University
   presented by: Julian Ludwig, Texas Tech University
 
Session 28: Production Networks
November 11, 2023 14:00 to 15:30
Location: 152
 
Session Chair: Mario Crucini, Purdue University
 

Misallocation and Product Choice
By Stepan Gordeev; University of Connecticut
Sudhir Singh; The World Bank
   presented by: Stepan Gordeev, University of Connecticut
 

Unemployment in a Production Network
By Finn Schüle; Brown University
Haoyu Sheng; Brown University
   presented by: Finn Schüle, Brown University
 

Did Durable Goods Producing States Suffer a Greater Great Depression?
By Dong Cheng; Union College
Mario Crucini; Purdue University
Hanjo Kim; Vanderbilt University
   presented by: Mario Crucini, Purdue University
 
Session 29: Housing and Aggregate Fluctuations
November 11, 2023 14:00 to 15:30
Location: 154
 
Session Chair: SEUNGYUB HAN, University of California, Los Angeles
 

A Search and Matching Model of Housing and Rental Market Interactions
By
   presented by: Nitish Kumar, University of California, Riverside
 

Tax on High-value Real Estate, House Prices, Rents, and Inequality
By Yeongwoong Do; Seoul National University
   presented by: Yeongwoong Do, Seoul National University
 

Housing Rent, Inelastic Housing Supply and International Business Cycles
By
   presented by: SEUNGYUB HAN, University of California, Los Angeles
 
Session 30: Macro Announcements and News Shocks
November 11, 2023 14:00 to 15:30
Location: 155
 
Session Chair: Xiaowen Lei, University of Guelph
 

Interest-bearing Money, Illiquid Bonds, and Banking in a News Economy
By
   presented by: Adib Rahman, University of Hawaii at Manoa
 

Uncertainty News Shocks and Business Cycle
By
   presented by: Yeon Jik Lee, Texas A&M University
 

Subjective beliefs and macro announcement premium
By
   presented by: Xiaowen Lei, University of Guelph
 
Session 31: Fiscal Policy II
November 11, 2023 16:00 to 17:30
Location: 106
 
Session Chair: Bent Sorensen, University of Houston
 

The Signaling Effects of Fiscal Announcements
By Leonardo Melosi; Federal Reserve Bank of Chicago
Hiroshi Morita; Tokyo Institute of Technology
Anna Rogantini Picco; Sveriges Riksbank
Francesco Zanetti; University of Oxford
   presented by: Hiroshi Morita, Tokyo Institute of Technology
 

Evaluating Macroeconomic Policies in Models with Endogenous Firm-Level Markups and Production Networks
By
   presented by: Ko Sugiura, University of Houston
 

Expenditure Smoothing under Balanced Budget Rules
By Xavier Martin Bautista; Singapore Management University
Steven Craig; University of Houston
Yuhsin Hsu; University of Houston
Bent Sorensen; University of Houston
Vasundhara Tanwar; University of Houston
Priyam Verma; Aix-Marseille University
   presented by: Bent Sorensen, University of Houston
 
Session 32: Labor Market Dynamics II
November 11, 2023 16:00 to 17:30
Location: 109
 
Session Chair: Andrew Yizhou Liu, University of Arkansas
 

Competition for Managers and the Rise of the Skill Premium
By Tiago Tavares; CIE ITAM
Tridib Sharma; ITAM
Kaniska Dam; CIDE
   presented by: Tiago Tavares, CIE ITAM
 

Do the Means Matter for the Ends? An Evaluation of Optimal Unemployment Assistance under Search Frictions
By Glenn Blackwood; Amherst College
Neil White; Amherst College
   presented by: Glenn Blackwood, Amherst College
 

Labor Market Competition and the Transmission of Idiosyncratic Shocks to Labor Demand
By
   presented by: Andrew Yizhou Liu, University of Arkansas
 
Session 33: Inequality
November 11, 2023 16:00 to 17:30
Location: 111
 
Session Chair: Xiaohan Ma, Texas Tech University
 

Monetary Policy and the Dynamics of Wealth Inequality
By
   presented by: Ethan Feilich, U.S. Department of the Treasury
 

The Unequal Economic Consequences of Energy Price Shocks
By
   presented by: Mehedi Hasan Oni, University of Houston
 

Oil Prices and Inequality
By Xiaowen Lei; University of Guelph
Xiaohan Ma; Texas Tech University
   presented by: Xiaohan Ma, Texas Tech University
 
Session 34: Political Economy and Growth
November 11, 2023 16:00 to 17:30
Location: 152
 
Session Chair: Benjamin Keen, University of Oklahoma
 

Government Reputation, FDI, and Profit-Shifting
By
   presented by: Yeonggyu Yun, University of Wisconsin-Madison
 

How Do Evolving Common Ownership Motives Shape Capital Investment?
By
   presented by: Michael Carter, Lafayette College
 

The Political Economy of African Currency Unions: Evidence from a Time-Inconsistent Model
By Benjamin Keen; University of Oklahoma
CHRISTINE STRONG; Old Dominion University
   presented by: Benjamin Keen, University of Oklahoma
 
Session 35: Prices and Output
November 11, 2023 16:00 to 17:30
Location: 154
 
Session Chair: Minseog Kim, UT Austin
 

Estimating Pipeline Pressures in New Keynesian Phillips Curves: A Bayesian VAR-GMM Approach
By Wataru Hirata; Bank of Japan
   presented by: Wataru Hirata, Bank of Japan
 

State-dependent Phillips Curve
By Hyun Hak Kim; Kookmin University
Nakyeong Lee; Seoul Women's University
   presented by: Hyun Hak Kim, Kookmin University
 

Corporate Debt Maturity and Output Price Dynamics
By Minseog Kim; UT Austin
Geunyong Park; National University of Singapore
   presented by: Minseog Kim, UT Austin
 
Session 36: Exchange Rates I
November 11, 2023 16:00 to 17:30
Location: 155
 
Session Chair: Xiaoliang Wang, University of Pennsylvania
 

Exchange Rates in the Age of Protectionism: A High-Frequency Analysis of Trade Barriers and Currency Movements
By Nikhil Patel; imf
Maylin Sun; IMF
   presented by: Maylin Sun, IMF
 

Foreign Exchange Interventions: the Long and the Short of It
By
   presented by: Patrick Alexander, Bank of Canada
 

Exchange Rates, US Monetary Policy and the Global Portfolio Flows
By Xiaoliang Wang; University of Pennsylvania
Mengbo Zhang; UCLA
   presented by: Xiaoliang Wang, University of Pennsylvania
 
Session 37: Fiscal Policy and Business Cycles
November 12, 2023 9:00 to 10:30
Location: 106
 
Session Chair: Spyridon Lazarakis, Lancaster University
 

The Returns to Government R&D: Evidence from U.S. Appropriations Shocks
By Andrew Fieldhouse; Texas A&M University
Karel Mertens; Federal Reserve Bank of Dallas
   presented by: Andrew Fieldhouse, Texas A&M University
 

Mortgage Debt and the Consumption Response to Fiscal Transfers
By
   presented by: Ross Batzer, Federal Housing Finance Agency
 

Debt targets and Fiscal consolidation in a two-country HANK model for the Euro Area
By Xiaoshan Chen; University of Durham
Spyridon Lazarakis; Lancaster University
Petros Varthalitis; athens university of economics and business
   presented by: Spyridon Lazarakis, Lancaster University
 
Session 38: Labor Force and Wages
November 12, 2023 9:00 to 10:30
Location: 109
 
Session Chair: Andrei Zaloilo, Toulouse School of Economics
 

Firm Market Power, Worker Mobility, and Wages in the US Labor Market
By
   presented by: Sadhika Bagga, Columbia University
 

Span of control and wage inequality
By
   presented by: Jaeyong Seo, Seoul National University
 

Heterogeneous Wage Cyclicality and Unemployment Fluctuations
By
   presented by: Andrei Zaloilo, Toulouse School of Economics
 
Session 39: Exchange Rates II
November 12, 2023 9:00 to 10:30
Location: 111
 
Session Chair: Nikhil Patel,
 

Trilemma redux: Sectoral trade-offs and exchange rate management in emerging markets
By
   presented by: Jeongwon Son, Johns Hopkins University
 

Asymmetric Shocks and the Role of Exchange Rate in Emerging Markets: Evidence from India
By Kuhelika De; Butler University
   presented by: Kuhelika De, Butler University
 

Original sin redux: a model-based evaluation
By
   presented by: Nikhil Patel,
 
Session 40: Development and Growth
November 12, 2023 9:00 to 10:30
Location: 152
 
Session Chair: Seula Kim, Princeton University
 

Economic Uncertainty, Households' Credit Situations, and Higher Education
By Dhiroj Koirala; UMass Amherst
Niraj Koirala; California state university LA
   presented by: Niraj Koirala, California state university LA
 

A Theory of Markups, Quantity Growth, and Variety Growth
By
   presented by: Vincent Mastantuno Mastantuno, University of Colorado Boulder
 

Competition, Firm Innovation, and Growth under Imperfect Technology Spillovers
By Karam Jo; Korea Development Institute
Seula Kim; Princeton University
   presented by: Seula Kim, Princeton University
 
Session 41: Firm Dynamics and Aggregate Fluctuations
November 12, 2023 9:00 to 10:30
Location: 239
 
Session Chair: Silvia Sarpietro, University of Bologna
 

Nonlinear Firm Dynamics
By Davide Melcangi; Federal Reserve Bank of New York
Silvia Sarpietro; University of Bologna
   presented by: Silvia Sarpietro, University of Bologna
 

Business Relationships, Trade Credit, and Idiosyncratic Shocks
By
   presented by: Tyler Wake, University of Virginia
 

Aggregate shocks and the geographic dispersion of retail chains
By
   presented by: Edson Wu, UT Austin
 
Session 42: Commodity Prices and Inflation Expectations
November 12, 2023 9:00 to 10:30
Location: 155
 
Session Chair: Travis Roach, University of Central Oklahoma
 

Responses of Households’ Expected Inflation to Oil Prices and the Exchange Rate: Evidence from Daily Data
By
   presented by: Etsuro Shioji, Hitotsubashi University
 

News and Gas: Decomposition of the U.S. Household Inflation Expectations
By
   presented by: Gwangmin Kim, Meta
 

Sentiment and Salience: The Role of Nominal Gas Prices in Driving Sentiment and Inflation Expectations
By Travis Roach; University of Central Oklahoma
Mariya Burdina; UNIV OF CENTRAL OKLAHOMA
   presented by: Travis Roach, University of Central Oklahoma
 
Session 43: Insights from Text and Survey Data
November 12, 2023 11:00 to 12:30
Location: 239
 
Session Chair: Leifei Lyu, Washington University in St Louis
 

Dollar Funding Shortage - A New Database and New Evidence
By
   presented by: Maylin Sun, IMF
 

News Sentiment and Topic Analysis on Crude Oil Future Prices
By
   presented by: Yunxiao Zhang, Peking University
 

Policy Rule Regressions with Survey Data
By
   presented by: Leifei Lyu, Washington University in St Louis
 
Session 44: Topics in Macro Labor
November 12, 2023 11:00 to 12:30
Location: 109
 
Session Chair: Xincheng Qiu, Arizona State University
 

Optimal Skill Mixing Under Technological Advancements
By
   presented by: Elmer Li, Cornell University
 

Student Debt, Homeownership, and Wealth Accumulation over the LIfe Cycle
By
   presented by: Xavier Martin Bautista, Singapore Management University
 

Precautionary Mismatch
By Jincheng(Eric) Huang; University of Pennsylvania
Xincheng Qiu; Arizona State University
   presented by: Xincheng Qiu, Arizona State University
 
Session 45: Firm Dynamics
November 12, 2023 11:00 to 12:30
Location: 111
 
Session Chair: Shihan Shen, Rice University
 

The Macroeconomic Impact of Firms' Defensive Practices
By
   presented by: Iacopo Varotto, Bank of Spain
 

Product Switching and Young Firm Dynamics over the Business Cycle
By Seula Kim; Princeton University
Karam Jo; Korea Development Institute
   presented by: Karam Jo, Korea Development Institute
 

Customer Acquisition, Rising Market Concentration and US Productivity Dynamics
By Shihan Shen; Rice University
   presented by: Shihan Shen, Rice University
 
Session 46: Commodity Prices and the Macroeconomy
November 12, 2023 11:00 to 12:30
Location: 154
 
Session Chair: Tomohide Mineyama, International Monetary Fund
 

The Quantitative Effects of Oil Shocks: U.S. State-Level Analysis
By Zeina Alsalman; Oakland University
Sandeep Kumar Rangaraju; Weber State University
   presented by: Zeina Alsalman, Oakland University
 

Gas price expectations and consumer readiness to spend at the ZLB: Evidence from Michigan Survey Data
By Quazi Farah; Texas State University
   presented by: Quazi Farah, Texas State University
 

Macroeconomic Shocks and Conflict: Evidence from Commodity Terms-of-Trade Shocks
By
   presented by: Tomohide Mineyama, International Monetary Fund
 
Session 47: Credit and The Macroeconomy
November 12, 2023 11:00 to 12:30
Location: 155
 
Session Chair: Hassan Butt, Missouri Southern State University
 

The Impact of Fiscal Policy under Financial Frictions
By
   presented by: Ersong Li,
 

Unraveling the Dynamics: Negative Real Interest Rate Policy and Inflation in Turkey
By Naci Ibrahim Keles; Texas Tech University
   presented by: Naci Ibrahim Keles, Texas Tech University
 

Financial Development and Policy Effectiveness
By Hassan Butt; Missouri Southern State University
Niraj Koirala
   presented by: Hassan Butt, Missouri Southern State University
 
Session 48: Climate Change and the Macroeconomy
November 12, 2023 11:00 to 12:30
Location: 152
 
Session Chair: Ebrima Bayo, Università di Napoli Parthenope
 

The Impact of Adult Awareness of Climate Change on Renewable Energy Consumption in the United States.
By
   presented by: Mohammad ismayl Al Masud, Texas Tech University
 

Weather Shocks in The Gambia-An Estimated Dynamic Stochastic General Equilibrium(DSGE) Model
By
   presented by: Ebrima Bayo, Università di Napoli Parthenope
 

48 sessions, 143 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
2Aguirre, AlvaroP5, C5
3Al Masud, Mohammad ismaylP48
4Alexander, PatrickP36
5Alsalman, ZeinaP46
6Asturias, JoseP21
7Bagga, SadhikaP38
8Batzer, RossP37
9Bautista, Xavier MartinP44
10Bayo, EbrimaP48, C48
11Blackwood, GlennP32
12Borraz, FernandoP25, C25
13Bu, YushinP17, C17
14Bui, HaP5
15Butt, HassanP47, C47
16Cao, QingqingP10, C10
17Carter, MichaelP34
18Chen, WentongP1
19Chien, YiLiP3, C3
20Chiu, Kwok YanP9
21Crucini, MarioP28, C28
22Cunha, AlexandreP25
23De, KuhelikaP39
24Demir, MehmetP20
25Do, YeongwoongP29
26Farah, QuaziP46
27Feilich, EthanP33
28Fieldhouse, AndrewP37
29Furlanetto, FrancescoP14, C14
30Gamboa-Arbelaez, JulianaP12
31Gordeev, StepanP28
32HAN, SEUNGYUBP29, C29
33He, RaymondP16
34Hirata, WataruP35
35Holden, TomP25
36Jerbashian, VahagnP11
37Jin, KiyeaP13, C13
38Jo, KaramP45
39Keen, BenjaminP34, C34
40Keinsley, AndrewP16
41Keles, Naci IbrahimP47
42Kim, JongsooP17
43Kim, GwangminP42
44Kim, SunhamP21, C21
45Kim, SehoP6
46Kim, Hyun HakP35
47Kim, Sang RaeP18, C18
48Kim, SeulaP40, C40
49Kim, MinseogP35, C35
50Koirala, NirajP40
51Kondziella, MarkusP23
52Kovalenko, TimP14
53Kozyrev, BorisP27
54Kumar, NitishP29
55Kuruc, KevinP6
56Laumer, SebastianP1
57Lazarakis, SpyridonP37, C37
58Lee, DonggyuP8
59Lee, Yeon JikP30
60Lei, XiaowenP30, C30
61Li, ErsongP47
62Li, ElmerP44
63Li, HuachenP27
64Lindequist, DavidP11, C11
65Linta, TanjaP19
66Liu, SimingP22, C22
67Liu, Andrew YizhouP32, C32
68Lord-Medrano, StefanoP22
69Loukas, AlexandrosP4
70Lu, Will JianyuP13
71Ludwig, JulianP27, C27
72Lyu, LeifeiP43, C43
73Ma, XiaohanP33, C33
74Maeder, NicolasP22
75Maideu Morera, GerardP24
76Mao, RuoyunP12, C12
77Mastantuno, Vincent MastantunoP40
78Matusche, AlexanderP9, C9
79May, ThomasP21
80Mineyama, TomohideP46, C46
81Miranda-Pinto, JorgeP1, C1
82Mitra, AnushkaP8
83Morita, HiroshiP31
84Murali, SrinivasanP20
85Naubert, ChristopherP9
86Nie, JunP15
87Nikolaishvili, GiorgiP18
88Nilayamgode, MrithyunjayanP24, C24
89Noeller, MarvinP13
90Oni, Mehedi HasanP33
91Pan, Xuhui (Nick)P19
92Patel, NikhilP39, C39
93Pei, YangP15
94Peralta-Alva, AdrianP16, C16
95Perez, LuisP23
96Pike, TylerP17
97Platonov, KonstantinP14
98Pollio, LuigiP23, C23
99Popov, LatchezarP24
100Popova, IrinaP3
101Qiu, XinchengP44, C44
102Rahman, AdibP30
103Rich, KennethP3
104Roach, TravisP42, C42
105Rubini, LorisP4
106Saha, BikramjitP2
107Samaniego, RobertoP26, C26
108Sarpietro, SilviaP41, C41
109Schaffer, MatthewP7
110Schüle, FinnP28
111Seo, JaeyongP38
112Shao, LinP20, C20
113Shen, ShihanP45, C45
114Shen, WenyiP7, C7
115Shioji, EtsuroP42
116Sirbu, Anca-IoanaP6, C6
117Smit, AbhiprernaP7
118Son, JeongwonP39
119Sorensen, BentP31, C31
120Spencer, AdamP2
121Sugiura, KoP31
122Suh, DonghyunP11
123Sun, MaylinP36, P43
124Tavares, TiagoP32
125Valcarcel, VictorP19, C19
126VanVuren, MitchellP8, C8
127Varotto, IacopoP45
128Wake, TylerP41
129Wang, XiaoliangP36, C36
130Wang, BinP4, C4
131Wang, PingP15, C15
132Wang, ChenyangP12
133White, NeilP10
134Wright, JacobP26
135Wu, EdsonP41
136Xiang, ChongP2, C2
137Yang, GuanyiP26
138Yu, LiP18
139Yun, YeonggyuP34
140Zaloilo, AndreiP38, C38
141Zervou, AnastasiaP5
142Zhang, YunxiaoP43
143Zhao, ZhenningP10

 

This program was last updated on 2023-11-06 12:09:42 EDT