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

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

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

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

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

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

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

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

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

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

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

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

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