Federal Reserve Bank
of San Francisco Federal Reserve Bank
of San Francisco

2020 Annual Conference on Macroeconomics and Monetary Policy – Canceled

Date

Friday, March 27, 2020

Location

Federal Reserve Bank of San Francisco
San Francisco, California

The Federal Reserve Bank of San Francisco had hoped to host its Annual Conference on Macroeconomics and Monetary Policy on Friday, March 27, 2020. The conference brings together academic and central bank economists, financial market practitioners, and policymakers. Papers focus on macroeconomics broadly defined.

Out of an abundance of caution due to the COVID-19 virus, this year’s conference has been canceled, but we are sharing the participant list and papers, which we hope will be of interest.

8:50 a.m.
Welcoming Remarks:
Mary C. Daly, President, Federal Reserve Bank of San
Francisco

Session Chair: Andrew Foerster, Federal Reserve
Bank of San Francisco

9:00 a.m.
The Fed’s Response to Economic News Explains the “Fed Information Effect”
Michael Bauer, Federal Reserve Bank of San Francisco
Eric Swanson, University of California – Irvine

Discussants: Jón Steinsson, University of California
Berkeley
Monika Piazzesi, Stanford University

Download paper (pdf, 861 kb)

10:20 a.m.
Break
10:40 a.m.
The Four Equation New Keynesian Model
Jing Cynthia Wu, University of Notre Dame
Eric Sims, University of Notre Dame

Discussants: Borağan Aruoba, University of Maryland
Lars E. O. Svensson, Stockholm School of Economics

Download paper (pdf, 569 kb)

Noon
Lunch – Market Street Dining Room, Fourth Floor
Introduction: Òscar Jordà, Federal Reserve Bank of San
Francisco
Speaker: Francis X. Diebold, University of Pennsylvania

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

1:15 p.m.
Monetary Policy Communications and their Effects on Household Inflation
Expectations
Olivier Coibion, University of Texas Austin
Yuriy Gorodnichenko, University of California Berkeley
Michael Weber, University of Chicago

Discussants: Fernanda Nechio, Banco Central do Brasil
Alan Blinder, Princeton University

Download paper (pdf, 1.3 mb)

2:35 p.m.
Break
2:50 p.m.
The Dark Side of Low(er) Interest Rates
Pablo Guerrón-Quintana, Boston College
Keith Kuester, Bonn University

Discussants: Arlene Wong, Princeton University
Neil Mehrotra, Federal Reserve Bank of New York

Download paper (pdf, 670 kb)

4:10 p.m.
Break

Session Chair: Vasco Cúrdia, Federal Reserve Bank
of San Francisco

4:25 p.m.
Short-term Planning, Monetary Policy, and Macroeconomic Persistence
Christopher Gust, Federal Reserve Board
Edward Herbst, Federal Reserve Board
David López-Salido, Federal Reserve Board

Discussants: Mariana García-Schmidt, Central Bank of
Chile
Marc Giannoni, Federal Reserve Bank of Dallas

Download paper (pdf, 668 kb)

5:45 p.m.
Reception – Market Street Salons, Fourth Floor
6:30 p.m.
Dinner – Market Street Dining Room, Fourth Floor
Introduction: Sylvain Leduc, Director of Research, Federal Reserve Bank
of San Francisco
Speaker: Silvana Tenreyro, London School of Economics and
external member of the Monetary Policy Committee, Bank of England