Macroeconomics and Monetary Policy

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

Morning Session Chair:
Fernanda Nechio, Federal Reserve Bank of San Francisco

Pipeline pressures and sectoral inflation dynamics
Frank Smets, European Central Bank
Joris Tielens, National Bank of Belgium and KU Leuven
Jan Van Hove, KU Leuven

Discussants: Todd Clark, Federal Reserve Bank of Cleveland
Oleksiy Kryvtsov, Bank of Canada

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Diverging trends in national and local concentration
Esteban Rossi-Hansberg, Princeton University
Pierre-Daniel Sarte, Federal Reserve Bank of Richmond
Nicholas Trachter, Federal Reserve Bank of Richmond

Discussants: Huiyu Li, Federal Reserve Bank of San Francisco
François Gourio, Federal Reserve Bank of Chicago

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Afternoon Session Chair:
Nicolas Petrosky-Nadeau, Federal Reserve Bank of San Francisco

State dependent effects of monetary policy: the refinancing channel
Martin Eichenbaum, Northwestern University
Sergio Rebelo, Northwestern University
Arlene Wong, Princeton University

Discussants: Arvind Krishnamurthy, Stanford University
Francesco Bianchi, Duke University

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Money and banking in a New Keynesian model
Monika Piazzesi, Stanford University
Ciaran Roger, Stanford University
Martin Schneider, Stanford University

Discussants: Eric Swanson, University of California – Irvine
Roc Armenter, Federal Reserve Bank of Philadelphia

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Discouraging deviant behavior in monetary economics
Lawrence Christiano, Northwestern University
Yuta Takahashi, Hitotsubashi University

Discussants: John H. Cochrane, Stanford University and Hoover Institute
John B. Taylor, Stanford University and Hoover Institution

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The Case for an Ample Reserves Monetary Policy Framework
Introduction:  Mary C. Daly, President, Federal Reserve Bank of San Francisco
Speaker: Raphael Bostic, President, Federal Reserve Bank of Atlanta