Friday, Mar 29, 2024
8:15 am PDT
Federal Reserve Bank of San Francisco
San Francisco, CA
Morning Session Chair: Andrew Foerster
Introduction
Speaker:
Mary Daly, President, Federal Reserve Bank of San Francisco
Remarks
Speaker:
Jerome Powell, Chair, Federal Reserve Board
Moderator:
Kai Ryssdal, Marketplace
Fiscal Backing, Inflation, and US Business Cycles
Authors:
Frank Smets, European Central Bank
Raf Wouters, Ghent University and National Bank of Belgium
Discussants:
George-Marios Angeletos, Northwestern University
Sarah Zubairy, Texas A&M University
Download paper (Smets) (pdf, 1.88 mb)
The Causal Effects of Global Supply Chain Disruptions on Macroeconomic
Outcomes: Evidence and Theory
Authors:
Xiwen Bai, Tsinghua University
Jesus Fernandez-Villaverde, University of Pennsylvania
Yiliang Li, University of International Business and Economics
Francesco Zanetti, University of Oxford
Discussants:
Katheryn Russ, University of California Davis
Diego Comin, Dartmouth College
Download paper (Fernandez-Villaverde) (pdf, 7.88 mb)
Afternoon Session Chair: Huiyu Li
Speeches by the Fed Chair Are More Important Than FOMC Announcements: An Improved High-Frequency Measure of U.S. Monetary Policy Shocks
Authors:
Eric Swanson, University of California Irvine
Vishuddhi Jayawickrema, Central Bank of Sri Lanka
Discussants:
Annette Vissing-Jorgensen, Federal Reserve Board
Jonathan Wright, Johns Hopkins University
Download paper (Swanson) (pdf, 328 kb)
Monetary Non‐Neutrality in the Cross‐Section
Authors:
Elisa Rubbo, University of Chicago
Discussants:
Saroj Bhattarai, University of Texas at Austin
Sanjay Singh, University of California Davis and Federal Reserve Bank of San Francisco
Download paper (Rubbo) (pdf, 2.20 mb)
Are Inflationary Shocks Regressive? A Feasible Set Approach
Authors:
Felipe Del Canto, Columbia Business School
John Grigsby, Princeton University
Eric Qian, Princeton University
Conor Walsh, Columbia Business School
Discussants:
Corina Boar, New York University
Martin Schneider, Stanford University
Download paper (Grigsby) (pdf, 924 kb)