Macroeconomics and Monetary Policy Conference

Date

Friday, Feb 21, 2025

Time

8:30 am PST

Location

Federal Reserve Bank of San Francisco
San Francisco, CA

ADDITIONAL INFORMATION

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Topics

Financial MarketsLabor MarketsMonetary Policy

Morning Session Chair: Huiyu Li

Introduction

Speaker:

Mary C. Daly, President, Federal Reserve Bank of San Francisco

Remarks

Speaker:

Philip Jefferson, Vice Chair, Federal Reserve Board

Pricing Inequality

Authors:

Simon Mongey, Federal Reserve Bank of Minneapolis
Michael Waugh, Federal Reserve Bank of Minneapolis

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Download slides (Mongey) (pdf, 544 kb)

Discussants:

Lukas Nord, University of Pennsylvania

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Kunal Sangani, Stanford University

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Deficits and Inflation: HANK meets FTPL

Authors:

George-Marios Angeletos, Northwestern University
Chen Lian, University of California, Berkeley
Christian Wolf, Massachusetts Institute of Technology

Download paper (Angeletos) (pdf, 1 mb)
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Discussants:

Manuel Amador, Federal Reserve Bank of Minneapolis

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Karel Mertens, Federal Reserve Bank of Dallas

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Afternoon Session Chair: Andrew Foerster

Interest Rate Risk in Banking

Authors:

Peter DeMarzo, Stanford University
Arvind Krishnamurthy, Stanford University
Stefan Nagel, University of Chicago

Download paper (Krishnamurthy) (pdf, 1 mb)
Download slides (Krishnamurthy) (pdf, 4 mb)

Discussants:

Erica Xuewei Jiang, University of Southern California

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Valentin Haddad, University of California Los Angeles

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The Systematic Origins of Monetary Policy Shocks

Authors:

Lukas Hack, University of Mannheim
Klodiana Istrefi, Banque de France
Matthias Meier, University of Mannheim

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Discussants:

Valerie Ramey, Stanford University

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Tatevik Sekhposyan, Texas A&M University

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The Causal Effects of Inflation Uncertainty on Households’ Beliefs and Actions

Authors:

Dimitris Georgarakos, European Central Bank
Yuriy Gorodnichenko, University of California, Berkeley
Olivier Coibion, University of Texas at Austin
Geoff Kenny, European Central Bank

Download paper (Gorodnichenko) (pdf, 2 mb)
Download slides (Gorodnichenko) (pdf, 642 kb)