Presenter: Anna Cieslak Affiliation: Duke University, Fuqua School of Business. Paper: Policymakers’ Uncertainty. Date: September 17, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: We examine how uncertainty impacts decision-making by the Federal Open Market Committee (FOMC). Drawing from private deliberations, we quantify the uncertainty types the FOMC perceives and their policy impact. Inflation uncertainty … Read more
Presenter: Edouard Challe. Affiliation: Paris School of Economics. Paper: Inequality and Optimal Monetary Policy in the Open Economy. Date: August 20, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: We study optimal monetary policy in a tractable Small Open Economy Heterogeneous-Agent New Keynesian (SOE-HANK) model in which households face uninsured idiosyncratic risk and unequal bond … Read more
Presenter: Leonardo D’Amico Affiliation: Harvard University, Department of Economics. Paper: Why Has Construction Productivity Stagnated? The Role of Land-Use Regulation. Date: July 9, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: Why does it cost so much to build a home? We formalize and evaluate the hypothesis that land-use regulation reduces the average size of … Read more
Presenter: Iñaki Aldasoro. Affiliation: Bank for International Settlements, Monetary and Economic Department. Paper: The Impact of Artificial Intelligence on Output and Inflation. Date: June 18, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: This paper studies the effects of artificial intelligence (AI) on sectoral and aggregate employment, output and inflation in both the short and … Read more
Presenter: Paul Fontanier Affiliation: Yale University, School of Management. Paper: Sovereign Bond Purchases and Rollover Crises. Date: May 7, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: This paper proposes a theory of large-scale government bond purchases by central banks in an environment with endogenous information acquisition. Information acquisition by private investors lowers risk premia … Read more
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
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
Presenter: Maddie Penn. Affiliation: Yale University, Department of Economics. Paper: Do Geopolitical Risks Raise or Lower Inflation? Date: February 06, 2024. Time: 13:00 GMT (15:00 Israel Time) Abstract: Using historical annual data since 1900 for 44 countries, we find that geopolitical risks foreshadow high inflation and are accompanied by lower economic activity, an increase in … Read more
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
Presenter: Wendy A. Morrison Affiliation: Columbia University, Department of Economics. Paper: Optimal Monetary Policy with Redistribution Date: September 26, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: We study optimal monetary policy in a dynamic, general equilibrium economy with heterogeneous agents. All heterogeneity is ex-ante: workers differ in type-specific, state-contingent labor productivity, yet markets are … Read more