Past Seminars

25.03.2025: Veronica De Falco – Investor heterogeneity and large-scale asset purchases

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Presenter: Veronica De Falco Affiliation: Imperial College London, Business School. Paper: Investor Heterogeneity and Large-Scale Asset Purchases. Date: March 25, 2025. Time: 13:00 GMT (15:00 Israel Time) Abstract: Large-Scale Asset Purchases can impact the price of securities directly, when securities are targeted by the central bank, or indirectly through portfolio re-balancing of private investors. We … Read more

25.02.2025: Daniela Puzzello – Simulating the survey of professional forecasters

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Presenter: Daniela Puzzello Affiliation: Indiana University, Department of Economics. Paper: Simulating the Survey of Professional Forecasters. Date: February 25, 2025. Time: 13:00 GMT (15:00 Israel Time) Abstract: We simulate economic forecasts of professional forecasters using large language models (LLMs). We construct synthetic forecaster personas using a unique hand-gathered dataset of participant characteristics from the Survey … Read more

10.12.2024: Rustam Jamilov – Two centuries of systemic bank runs

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Presenter: Rustam Jamilov Affiliation: University of Oxford, All Souls College. Paper: Two Centuries of Systemic Bank Runs. Date: December 10, 2024. Time: 13:00 GMT (15:00 Israel Time) Abstract: We study bank runs using a novel historical cross-country dataset that covers 184 countries over the past 200 years and combines a new narrative chronology with statistical … Read more

05.11.2024: Michael McMahon – Tough talk: The Fed and the risk premium

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Presenter: Michael McMahon Affiliation: University of Oxford, Department of Economics. Paper: Tough Talk: The Fed and the Risk Premium. Date: November 5, 2024. Time: 13:00 GMT (15:00 Israel Time) Abstract: We study how monetary policy affects financial risk premia. Unlike existing studies, we focus on the Federal Open Market Committee’s (FOMC’s) forward-looking policy stance, beyond … Read more

08.10.2024: Christoph Boehm – Monetary policy without moving interest rates: The Fed non-yield shock

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Presenter: Christoph E. Boehm Affiliation: University of Texas at Austin, Department of Economics. Paper: Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock. Date: October 8, 2024. Time: 12:00 GMT (15:00 Israel Time) Abstract: Existing high-frequency monetary policy shocks explain surprisingly little variation in stock prices and exchange rates around FOMC announcements. Further, both … Read more

17.09.2024: Anna Cieslak – Policymakers’ uncertainty

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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

20.08.2024: Edouard Challe – Inequality and optimal monetary policy in the open economy

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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

09.07.2024: Leonardo D’Amico – Why has construction productivity stagnated? The role of land-use regulation

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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

18.06.2024: Iñaki Aldasoro – The impact of artificial intelligence on output and inflation

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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

07.05.2024: Paul Fontanier – Sovereign bond purchases and rollover crises

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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