2nd WE ARE IN Macroeconomics and Finance conference

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

Agenda and papers 

Welcome address
Beatrice Weder di Mauro
, President, CEPR

Session 1: International Macro 
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)



PhD Poster Session, First floor
: Hyun Song Shin (Bank for International Settlements)

Rising Intangible Capital and the Disappearance of Public Firms (presentation)
by Sara Casella, University of Pennsylvania

Student Debt and Entrepreneurship in the US (presentation)
by Marta Morazzoni, Pompeu Fabra University

The Effect of Macroprudential Policy Announcements on Systemic Risk (presentation)
by Alba Patozi, University of Cambridge

Durable Consumption during the Great Recession: the Role of Ex-ante Heterogeneity (presentation
by Morgane Richard, UCL


Session 2: Inflation Dynamics
Chair: Kirstin Hubrich (Board of Governors of the Federal Reserve System)

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)



Policy Panel "Inflation is Back: Why and What Next?"
Claire Jones (Financial Times)

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)



Welcome address
Cecilia Skingsley
(Bank for International Settlements)

Session 3: Macroprudential Policy
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)



Session 4: Credit and the Macroeconomy 
Chair: Fiorella de Fiore (Bank for International Settlements and CEPR)

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)