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
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
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
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
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
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
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
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
Presenter: Refet S. Gürkaynak Affiliation: Bilkent University, Department of Economics Paper: News and Noise Shaping International Yield Curves Date: February 7, 2023 Time: 13:00 GMT (15:00 Israel Time) Abstract: We study the joint response of US and euro area yields to both US and euro area news using a new semi-latent factor methodology, where some … Read more