28.02.2023: Olivier Blanchard – Fiscal policy under low interest rates

Presenter: Olivier Blanchard Affiliation: Massachusetts Institute of Technology, Department of Economics, and PIIE. Book: Fiscal Policy under Low Interest Rates Date: February 28, 2023 Time: 14:00 GMT (16:00 Israel Time) Abstract: Policy makers in advanced economies find themselves in an unusual fiscal environment: debt ratios are historically high, and—once the fight against inflation is won—real … Read more

10.07.2023: ‪Moritz Schularick‬ – Loose monetary policy and financial instability

Presenter: ‪Moritz Schularick‬‬ Affiliation: Sciences Po and University of Bonn, Department of Economics Paper: Loose Monetary Policy and Financial Instability Date: July 10, 2023 Time: 13:00 GMT (15:00 Israel Time) Abstract: Do periods of persistently loose monetary policy increase financial fragility and the likelihood of a financial crisis? This is a central question for policymakers, … 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

15.11.2022: Julia Schaumburg – Networking the yield curve: implications for monetary policy

Presenter: Julia Schaumburg Affiliation: Vrije Universiteit Amsterdam, School of Business and Economics, Econometrics and Data Science. Paper: Networking the Yield Curve: Implications for Monetary Policy Date: November 15, 2022 Time: 13:00 GMT (15:00 Israel Time) Abstract: We introduce a flexible, time-varying network model to trace the propagation of interest rate surprises across different maturities. First, … Read more

20.09.2022: Veronica Guerrieri – Monetary policy in times of structural reallocation

Presenter: Veronica Guerrieri Affiliation: University of Chicago, Booth School of Business. Paper: Monetary Policy in Times of Structural Reallocation Date: September 20, 2022 Time: 12:00 GMT (15:00 Israel Time) Abstract: We characterize optimal monetary policy in response to asymmetric shocks that shift demand from one sector to another, a condition arguably faced by many economies … Read more

12.07.2022: Tommaso Monacelli – HBANK: Monetary policy with heterogeneous banks

Presenter: Tommaso Monacelli Affiliation: Bocconi University, Ettore Bocconi Department of Economics. Paper: HBANK: Monetary Policy with Heterogeneous Banks Date: July 12, 2022 Time: 13:00 GMT (16:00 Israel Time) Abstract: We study how bank heterogeneity and market power shape the transmission of monetary policy. In the data, following a monetary contraction, large banks lower their credit … Read more

14.06.2022: Boris Hofmann – Losing traction? The real effects of monetary policy when interest rates are low

Presenter: Boris Hofmann Affiliation: Bank for International Settlements, Monetary and Economic Department Paper: Losing Traction? The Real Effects of Monetary Policy when Interest Rates are Low Date: June 14, 2022 Time: 13:00 GMT (16:00 Israel Time) Abstract: Are there limits to how far reductions in interest rates can boost aggregate demand? In particular, as interest … Read more

16.05.2022: Cristina Manea – Big techs and the credit channel of monetary policy

Presenter: Cristina Manea Affiliation: Deutsche Bundesbank, Research Centre Paper: Big Techs and the Credit Channel of Monetary Policy Date: May 16, 2022 Time: 13:00 GMT Abstract: We study how the entry of large technology firms such as Amazon, Alibaba or Facebook (“Big Techs”) into finance may affect the transmission of monetary policy. Our empirical analysis … Read more

15.03.2022: Jordi Galí – Monetary policy and endogenous financial crises

Presenter: Jordi Galí Affiliation: Universitat Pompeu Fabra, Department of Economics, CREI and Barcelona GSE. Paper: Monetary Policy and Endogenous Financial Crises Date: March 15, 2022 Time: 13:00 GMT Abstract: We study whether a central bank should deviate from its objective of price stability to promote financial stability. We tackle this question within a textbook New … Read more

22.02.2022: Lawrence H. Summers – The Fed’s strategy review: relevance for small open economies

Presenter: Lawrence H. Summers Affiliation: Harvard University Talk title: The Fed’s Strategy Review: Relevance for Small Open Economies. Date: February 22, 2022 Time: 13:30 GMT Click here to attend this seminar

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