13.06.2023: Oleg Itskhoki – Optimal exchange rate policy

Presenter: Oleg Itskhoki Affiliation: University of California, Los Angeles, Department of Economics Paper: Optimal Exchange Rate Policy Date: June 13, 2023 Time: 13:00 GMT (15:00 Israel Time) Abstract: We develop a general policy analysis framework that features nominal rigidities and financial frictions with endogenous PPP and UIP deviations. The goal of the optimal policy is … Read more

29.05.2023: Saki Bigio – Scrambling for Dollars: international liquidity, banks and exchange rates

Presenter: Saki Bigio Affiliation: University of California, Los Angeles, Department of Economics Paper: Scrambling for Dollars: International Liquidity, Banks and Exchange Rates Date: 29th May, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: We develop a theory of exchange rate fluctuations arising from financial institutions’ demand for dollar liquid assets. Financial flows are unpredictable and … Read more

18.04.2023: Carolin Pflueger – Perceptions about monetary policy

Presenter: ‪Carolin Pflueger‬ Affiliation: University of Chicago, Harris School of Public Policy Paper: Perceptions about Monetary Policy Date: 18th April, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: We estimate perceptions about the Fed’s monetary policy rule from micro data on professional forecasters. The perceived rule varies significantly over time, with important consequences for monetary … Read more

14.03.2023: Dean Corbae – Competition, stability, and efficiency in the banking industry

Presenter: Dean Corbae Affiliation: University of Wisconsin, Departments of Economics and Finance Paper: Competition, Stability, and Efficiency in the Banking Industry Date: 14th March, 2023 Time: 13:00 GMT (15:00 Israel Time) Abstract: We provide a tractable dynamic model of the banking industry where (1) an intensification of competition increases market measures of efficiency and fragility … Read more

07.02.2023: ‪Refet Gürkaynak‬ – News and noise shaping international yield curves

Presenter: ‪Refet S. Gürkaynak‬ Affiliation: Bilkent University, Department of Economics Paper: News and Noise Shaping International Yield Curves Date: February 7, 2023 Time: 13:00 GMT (15:00 Israel Time) Abstract: We study the joint response of US and euro area yields to both US and euro area news using a new semi-latent factor methodology, where some … Read more

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