Monday, Oct 27, 2025
Federal Reserve Bank of San Francisco
San Francisco, CA
Monday, October 27, 2025
Welcoming Remarks
Session 1
Session Chair:
Yeji Sung, Federal Reserve Bank of San Francisco
Attention to the Macroeconomy
Authors:
Sebastian Link
Andreas Peichl
Oliver Pfäuti, University of Texas, Austin
Christopher Roth
Johannes Wohlfart
Discussant:
Michael Cai, Rutgers University
Dynamic Pricing under Information Frictions: Evidence from Firm-level
Subjective Expectations
Authors:
Luca Gagliardone, Yale University
Discussant:
Mathieu Pedemonte, Inter-American Development Bank
Keynote Session
Chair:
Timo Reinelt, Federal Reserve Bank of San Francisco
Expectations Matter: The New Causal Macroeconomics of Surveys
and Experiments
Authors:
Yuriy Gorodnichenko, University of California, Berkeley
Session 2
Chair:
Sanjay Singh, Federal Reserve Bank of San Francisco
Teach, don’t give? Mental models, understanding and communication
Authors:
Michael McMahon, University of Oxford
Ryan Rholes
Peter Rickards
Discussant:
Anushka Mitra, Federal Reserve Board of Governors
We Think That They Think: Political Affiliation and Higher-Order
Beliefs
Authors:
Rupal Kamdar, Indiana University, Bloomington
Walker Ray
Mauricio Ulate
Discussant:
Yoon Joo Jo, Texas A&M University
Session 3
Chair:
Timo Reinelt, Federal Reserve Bank of San Francisco
Ricardian Non-Equivalence
Authors:
Martin Eichenbaum
Joao Guerreiro, Federal Reserve Bank of Minneapolis and
University of California, Los Angeles
Jana Obradović
Discussant:
Jonathan Adams, Federal Reserve Bank of Kansas City
Workshop organizers
Timo Reinelt, Federal Reserve Bank of San Francisco
Sanjay R. Singh, Federal Reserve Bank of San Francisco
Yeji Sung, Federal Reserve Bank of San Francisco
Limited travel and accommodation funding for presenters from academic institutions will be available.