06.02.2024: Maddie Penn – Do geopolitical risks raise or lower inflation?

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

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

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

26.09.2023: Wendy Morrison – Optimal monetary policy with redistribution

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

22.08.2023: Jasmine Xiao – Expectations and credit slumps

Presenter: Jasmine Xiao Affiliation: University of Notre Dame, Department of Economics. Paper: Expectations and Credit Slumps Date: August 22, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: Since the 2008-09 financial crisis, U.S. bank lending has been slow to recover, despite the period of very low interest rates. We show that banks do not process … Read more

25.07.2023: ‪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 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

20.06.2023: Xavier Jaravel – Five facts about MPCs: Evidence from a randomized experiment

Presenter: Xavier Jaravel Affiliation: London School of Economics Paper: Five Facts about MPCs: Evidence from a Randomized Experiment Date: June 20, 2023 Time: 12:00 GMT (15:00 Israel Time) Abstract: We conduct a randomized controlled trial to study the consumption response of French households to unanticipated one-time money transfers of 300 Euros. Using prepaid debit cards, … Read more

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: 12:00 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

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

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

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