Friday, Feb 21, 2025
8:30 am PST
Federal Reserve Bank of San Francisco
San Francisco, CA
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
Discussants:
Lukas Nord, University of Pennsylvania
Kunal Sangani, Stanford University
Download paper (Mongey) (pdf, 2 mb)
Deficits and Inflation: HANK meets FTPL
Authors:
George-Marios Angeletos, Northwestern University
Chen Lian, University of California, Berkeley
Christian Wolf, Massachusetts Institute of Technology
Discussants:
Manuel Amador, Federal Reserve Bank of Minneapolis
Karel Mertens, Federal Reserve Bank of Dallas
Download paper (Angeletos) (pdf, 1 mb)
Afternoon Session Chair: Andrew Foerster
Interest Rate Risk in Banking
Authors:
Peter DeMarzo, Stanford University
Arvind Krishnamurthy, Stanford University
Stefan Nagel, University of Chicago
Discussants:
Erica Xuewei Jiang, University of Southern California
Valentin Haddad, University of California Los Angeles
Download paper (Krishnamurthy) (pdf, 1 mb)
The Systematic Origins of Monetary Policy Shocks
Authors:
Lukas Hack, University of Mannheim
Klodiana Istrefi, Banque de France
Matthias Meier, University of Mannheim
Discussants:
Valerie Ramey, Stanford University
Tatevik Sekhposyan, Texas A&M University
Download paper (Istrefi) (pdf, 4 mb)
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
Discussants:
Stephen Terry, University of Michigan
Olena Kostyshyna, Bank of Canada
Download paper (Gorodnichenko) (pdf, 952 kb)