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2nd WE ARE IN Macroeconomics and Finance conference

29–30 September 2022 | Basel, Switzerland

About the conference

Conference organised by the BIS, the CEPR and the ECB, 29-30 September 2022, Basel, Switzerland.

Day 1 - 29 September

Beatrice Weder di Mauro, President, CEPR | Video, Presentations

Chair: Fernanda Nechio (Federal Reserve Bank of San Francisco)

Terms-of-Trade Shocks are Not all Alike 
paper

Federico Di Pace (Bank of England), Luciana Juvenal (International Monetary Fund), Ivan Petrella (Warwick Business School and CEPR)

Discussant: Evgenia Passari (Université Paris-Dauphine and CEPR)

Partial Default 
paper

Cristina Arellano (Federal Reserve Bank of Minneapolis and CEPR), Xavier Mateos-Planas (Queen Mary University of London), José-Víctor Ríos-Rull (University of Pennsylvania and CEPR)

Discussant: Victoria Vanasco (Centre de Recerca en Economia International, Barcelona GSE and CEPR)

The Fed's International Dollar Liquidity Facilities: New Evidence on Effects 
paper

Linda Goldberg (Federal Reserve Bank of New York), Fabiola Ravazzolo (Federal Reserve Bank of New York)

Discussant: Diana Bonfim (Banco de Portugal and Católica Lisbon)

Opening: Hyun Song Shin (Bank for International Settlements)

Rising Intangible Capital and the Disappearance of Public Firms 
presentation
Sara Casella, University of Pennsylvania
Student Debt and Entrepreneurship in the US 
presentation
Marta Morazzoni, Pompeu Fabra University
The Effect of Macroprudential Policy Announcements on Systemic Risk 
presentation
Alba Patozi, University of Cambridge
Durable Consumption during the Great Recession: the Role of Ex-ante Heterogeneity 
presentation
Morgane Richard, UCL

Chair: Kirstin Hubrich (Board of Governors of the Federal Reserve System) | Video

The pass-through from Inflation Perceptions to Inflation Expectations 
paper

Stephanie J Huber (University of Amsterdam), Daria Minina (University of Amsterdam), Tobias Schmidt (Deutsche Bundesbank)

Discussant: Ana Beatriz Ana Beatriz Galvão (Bloomberg Economics and CEPR)

The Role of Industrial Composition in Driving the Frequency of Price Change 
paper

Christopher D. Cotton (Federal Reserve Bank of Boston), Vaishali Garga (Federal Reserve Bank of Boston)

Discussant: Daria Finocchiaro (Sveriges Riksbank)

Claire Jones (Financial Times) | Video

Panellists

Silvana Tenreyro (Bank of England, London School of Economics and CEPR), 
Beata Javorcik (European Bank for Reconstruction and Development and CEPR) and 
Fernanda Nechio (Federal Reserve Bank of San Francisco)

Day 2 - 30 September

Cecilia Skingsley (Bank for International Settlements) | Video

Chair: Deniz Igan (Bank for International Settlements)

Optimal Bank Reserve Remuneration and Capital Control Policy 
paper
Chun-Che Chi (Institute of Economics, Academia Sinica), Stephanie Schmitt-Grohe (Columbia University and CEPR), Martin Uribe (Columbia University)

Discussant: Nina Biljanovska (International Monetary Fund)
Capital Regulation and Shadow Finance: A Quantitative Analysis 
paper
Hyunju Lee (Ryerson University), Sunyoung Lee (Seoul National University), Radoslaw Paluszynski (University of Houston)

Discussant: Neeltje van Horen (Bank of England and CEPR)
Bank Capital and Real GDP Growth 
paper
Nina Boyarchenko (Federal Reserve Bank of New York and CEPR), Domenico Giannone (Amazon.com and CEPR), Anna Kovner (Federal Reserve Bank of New York and CEPR)

Discussant: Silvia Miranda-Agrippino (Bank of England and CEPR)

Chair: Fiorella de Fiore (Bank for International Settlements and CEPR) | Video

Monetary Policy and Endogenous Financial Crises 
paper
Frederic Boissay (Bank for International Settlements), Fabrice Collard (Toulouse School of Economics and CEPR), Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR), Cristina Manea (Bank for International Settlements)

Discussant: Isabel Correia (Católica Lisbon School of Business and Economics and CEPR)
Expectations and Credit Slumps 
paper
Antonio Falato (Federal Reserve Board), Jasmine Xiao (University of Notre Dame)

Discussant: Kenza Benhima (Université de Lausanne)
Lending by Servicing: How Shadow Banks Dampen Monetary Policy Transmission 
paper
Isha Agarwal (University of British Columbia), Malin Hu (Vanderbilt University), Keling Zheng (University of British Columbia)

Discussant: Martina Jasova (Barnard College, Columbia University)