08.02.2022: Nikolai Roussanov – Following the Fed: limits of arbitrage and the Dollar

Presenter: Nikolai Roussanov Affiliation: University of Pennsylvania, Wharton School Paper: TBA Date: February 8, 2022 Time: 13:00 GMT Abstract: U.S. dollar exchange rates are predictable by changes in U.S. Treasury yields at a weekly frequency. This predictability is driven by a delayed reaction of the dollar to monetary policy announcements by the Federal Reserve. In … Read more

11.01.2022: Ricardo Reis – How likely is an inflation disaster?

Presenter: Ricardo Reis Affiliation: London School of Economics and Political Science Paper: TBA. Date: January 11, 2022 Time: 13:00 GMT Abstract: The prices of inflation options hold the promise of giving the probability of inflation being either very high or very low at long horizons. To realize this promise requires making three adjustments to option … Read more

28.12.2021: Cynthia Wu – Average inflation targeting: time inconsistency and intentional ambiguity

Presenter: Cynthia Wu Affiliation: University of Notre Dame, Department of Economics Paper: Average Inflation Targeting: Time Inconsistency and Intentional Ambiguity Date: December 28, 2021. Time: 13:00 GMT We study the implications of the Fed’s new policy framework of average inflation targeting (AIT) and its ambiguous communication. The central bank has the incentive to deviate from … Read more

14.12.2021: Jean Tirole – Industrial monetary policy

Presenter: Jean Tirole Affiliation: Toulouse School of Economics Paper: Industrial Monetary Policy (link TBA) Date: December 14, 2021 Time: 13:00 GMT Abstract: We consider “industrial monetary policies”: Liquidity support policies through which authorities shape the location and continuation of economic activity on their soil, with consequences for banks’ international specialization, place of incorporation, charter of … Read more

Skip to content