19.05.2021: Elisa Rubbo – Networks, Phillips curves, and monetary policy

Presenter: Elisa Rubbo Affiliations: Princeton University, Department of Economics, and Chicago University, Becker Friedman Institute. Paper: Networks, Phillips Curves, and Monetary Policy Date: May 19, 2021 Time: 15:00 (UTC/GMT+2) Abstract: I develop an analytical framework for monetary policy in a multi-sector economy with a general input-output network. I derive the Phillips curve and welfare as … Read more

02.06.2021: Vania Stavrakeva – A fundamental connection: exchange rates and macroeconomic expectations

Presenter: Vania Stavrakeva Affiliation: London Business School Paper: A Fundamental Connection: Exchange Rates and Macroeconomic Expectations Date: June 2, 2021 Time: 15:00 (UTC/GMT+2) Abstract: This paper presents new stylized facts about exchange rates and their relationship with macroeconomic fundamentals. We show that macroeconomic surprises explain, on average, about 70 percent of variation in nominal exchange … Read more

13.07.2021: Ludwig Straub – Exchange rates and monetary policy with heterogeneous agents: sizing up the real income channel

Presenter: Ludwig Straub Affiliation: Department of Economics, Harvard University Paper: Exchange Rates and Monetary Policy with Heterogeneous Agents: Sizing up the Real Income Channel Date: July 13, 2021 Time: 15:00 (UTC/GMT+2) Abstract: Introducing heterogeneous households to a New-Keynesian small open economy model amplifies the real income channel of exchange rates: the rise in import prices … Read more