Monetary Policy

02.04.2024: Cristina Manea – Monetary tightening, inflation drivers and financial stress

by

Presenter: Cristina Manea. Affiliation: Bank for International Settlements, Monetary and Economic Department. Paper: Monetary Tightening, Inflation Drivers and Financial Stress. Date: April 02, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: The paper explores the state–dependent effects of a monetary tightening on financial stress, focusing on a novel dimension: the nature of supply versus demand … Read more

05.03.2024: Jules van Binsbergen – (Almost) 200 years of news-based economic sentiment

by

Presenter: Jules van Binsbergen Affiliation: University of Pennsylvania, Wharton School. Paper: (Almost) 200 Years of News-Based Economic Sentiment. Date: March 05, 2024. Time: 13:00 GMT (15:00 Israel Time) Abstract: Using text from 200 million pages of 13,000 US local newspapers and machine learning methods, we construct a 170-year-long measure of economic sentiment at the country … Read more

23.01.2024: Oliver Pfäuti – The inflation attention threshold and inflation surges

by

Presenter: Oliver Pfäuti. Affiliation: University of Texas at Austin, Department of Economics. Paper: The Inflation Attention Threshold and Inflation Surges. Date: January 23, 2024. Time: 13:00 GMT (15:00 Israel Time) Abstract: At the outbreak of the recent inflation surge, the public’s attention to inflation was low but increased rapidly once inflation started to rise. Using … Read more

25.07.2023: ‪Moritz Schularick‬ – Loose monetary policy and financial instability

by

Presenter: ‪Moritz Schularick‬‬ Affiliation: Sciences Po and University of Bonn, Department of Economics Paper: Loose Monetary Policy and Financial Instability Date: July 25, 2023 Time: 12:00 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

by

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

28.02.2023: Olivier Blanchard – Fiscal policy under low interest rates

by

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

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

by

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

by

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

by

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

by

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

Skip to content