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Research seminars

Research seminars at the Dallas Fed are technical discussions targeted for PhD-level economists. Academic visitors present current research in a 75-minute seminar format on a variety of topics in economics and finance. Seminars are open to academic researchers associated with local universities and research institutions.

Researchers who wish to attend a seminar must email Samuel Dodini or Ricardo Reyes-Heroles at least 48 hours in advance. All attendees must show photo ID and go through security screening.
2026
Date Speaker Presentation
Feb. 19 Julian F. Ludwig
Wilfrid Laurier University
Local Projections Are VAR Predictions of Increasing Order
Feb. 26 Frank Wolak
Stanford University
Combining Physics and Economics to Design a Reliable and Affordable Low Carbon Electricity Market
March 5 Xiang Ding
Georgetown University
A Quantitative Model of Foreign Investment and Trade
March 19 Bo Sun
University of Virginia
TBA
April 2 Paul Hubert
Sciencespo
TBA
April 16 Sydnee Caldwell
UC Berkeley
TBA
May 5 Brad Hershbein
Upjohn Institute for Employment Research
TBA
May 28 Ezra Oberfield
Cornell University
TBA
June 4 Barbara Biasi
Yale University
TBA
June 18 Tara Sinclair
George Washington University
TBA
Aug. 27 Mark Jacobsen
UC San Diego
TBA
Oct. 15 Enrique Sentana
CEMFI
TBA
2025 seminars
Date Speaker Presentation
Jan. 6
12:45–2:00 p.m.
Thomas Hasenzagl
University of Minnesota
Scaling Up: How Technology and Policy Shape Firm Dynamics
Jan. 7
12:45–2:00 p.m.
Lucia Casal
Cornell University
Lock-In and Productive Innovations: Implications for Firm-to-Firm Innovation Pass-Through
Jan. 8
12:45–2:00 p.m.
Owen Kay
University of Michigan
Pollution Taxes and Clean Subsidies in an Open Economy
Jan. 9
12:45–2:00 p.m.
Laura Boisten
University of Wisconsin
Impact of College Major Skills on Lifetime Earnings and Occupational Sorting (with Annemarie Schweinert and Layla O’Kane)
Jan. 10
12:45–2:00 p.m.
Lei Ma
Boston University
Build What and for Whom? The Distributional Effects of Housing Supply
Jan. 13
12:45–2:00 p.m.
Christa Denault
Cornell University
Should States Allow For-Profit Companies to Train Teachers? Evidence from Texas (with Evan Riehl)
Jan. 14
10:00–11:15 a.m.
Tarikua Erda
Columbia University
Disasters, Capital, and Productivity
Jan. 14
12:45–2:00 p.m.
Rafael Guntin
University of Rochester
Financial Frictions and the Market for Firms (with Federico Kochen)
Jan. 15
12:45–2:00 p.m.
Corrine Stephenson
Boston University
Macroeconomic Consequences of Gender Differences in Job Search
Jan. 16
10:45 a.m.–12:00 p.m.
Andrej Mijakovic
European University Institute
Income Inequality and the Rise of Risky Capital
Jan. 17
11:00 a.m.–12:15 p.m.
Simon Margolin
Princeton University
Micro vs. Macro Corporate Tax Incidence
Jan. 17
12:45–2:00 p.m.
Michael Cai
Northwestern University
Explaining the Macroeconomic Inertia Puzzle
Jan. 24
12:45–2:00 p.m.
Xander Abajian
University of California, Santa Barbara
Savings and Migration in a Warming World
Jan. 27
12:45–2:00 p.m.
Sujan Bandyopadhyay
Arizona State University
A Theory of Domestic Outsourcing: Search and Sorting in Skilled Services
Jan. 30
12:45–2:00 p.m.
Caleb Wroblewski
Stanford University
The Interest Rate Elasticity of Investment: Micro Estimates and Macro Implications
March 20
12:45–2:00 p.m.
Bryan Stuart
Federal Reserve Bank of Philadelphia
Neighborhood Revitalization and Inequality: Evidence from Chicago’s Public Housing Demolitions (with Milena Almagro and Eric Chyn)
March 27
12:45–2:00 p.m.
Tomasz Piskorski
Columbia University
The Secular Decline of Bank Balance Sheet Lending (with Greg Buchak, Gregor Matvos and Amit Seru)
April 2
1:15–2:45 p.m.
Omeed Maghzian
Harvard University
The Labor Market Spillovers of Job Destruction (with Michael Blank)
April 3
12:45–2:00 p.m.
Lisa Kahn
University of Rochester
Do Workforce Development Programs Bridge the Skills Gap? (with Eleanor W. Dillon, Joanna Venator and Michael Dalton)
April 8
12:45–2:00 p.m.
Christopher Huckfeldt
Federal Reserve Board
The Labor Demand and Labor Supply Channels of Monetary Policy (with Sebastian Graves and Eric T. Swanson)
May 8
12:45–2:00 p.m.
Yongseok Shin
Washington University in St. Louis
Did U.S. Multinationals Transfer Too Much Technology to China? (with Jaedo Choi, George Cui and Younghun Shim)
May 14
1:00–2:15 p.m.
Galip Kemal Ozhan
International Monetary Fund
Global Prospects and Policies: A Critical Juncture Amid Policy Shifts and The Rise of the Silver Economy: Global Implications of Population Aging
May 15
12:45–2:00 p.m.
Amy Handlan
Brown University
Reputation for Confidence (with Laura Gáti)
May 22
12:45–2:00 p.m.
Burcu Eyigungor
Federal Reserve Bank of Philadelphia
Credit and Welfare Implications of Credit Card Interchange Fees (with Satyajit Chatterjee)
May 27
12:45–2:00 p.m.
Manuel Amador
University of Minnesota
Sovereign Swaps and Sovereign Default: Fundamental vs Rollover Risk (with Mark Aguiar)
June 3
12:45–2:00 p.m.
Scott Baker
Northwestern University
The Effects of Cryptocurrency Wealth on Household Consumption and Investment (with Darren Aiello, Tetyana Balyuk, Marco Di Maggio, Mark Johnson and Jason Kotter)
Aug. 14
12:45–2:00 p.m.
Cedomir Malgieri
Arizona State University
Wage Contracts and Financial Frictions (with Luca Citino)
Aug. 21
12:30–1:45 p.m.
Todd Gerarden
Cornell University
Strategic Avoidance and the Welfare Impacts of U.S. Solar Panel Tariffs (with Bryan Bollinger, Kenneth Gillingham and Daniel Xu)
Sept. 18
12:45–2:00 p.m.
Tatiana Homonoff
New York University
The Financial Consequences of Being Denied Benefit Access (with Min Lee and Katherine Meckel)
Sept. 25
12:45–2:00 p.m.
Francesco Beraldi
Duke University
Banking Relationships and Loan Pricing Disconnect
Oct. 2
12:45–2:00 p.m.
Zhaogang Song
Johns Hopkins University
Inflation, Default, and Corporate Bond Returns (with Xiaomeng Lu and Yoshio Nozawa)
Oct. 16
2:15–3:30 p.m.
Paul Goldsmith-Pinkham
Yale University
Causal Inference in Financial Event Studies (with Tianshu Lyu)
Oct. 28
12:45–2:00 p.m.
Diana MacDonald
Banco de México
A Dynamic Search and Matching Model of Foster Care: Theory and Evidence (with Ahmet Altinok)
Nov. 4
12:00–1:15 p.m.
Jens Christensen
Federal Reserve Bank of San Francisco
The Natural Rate of Interest in the Euro Area: Evidence from Inflation-Indexed Bonds
Nov. 13
12:45–2:00 p.m.
Chenzi Xu
University of California, Berkeley
EXIM’s Exit: Industrial Policy, Export Credit Agencies, & Capital Allocation
Dec. 11
12:45–2:00 p.m.
Galina Hale
University of California, Santa Cruz
Global Spillovers of Climate Policy Shocks
2024 seminars
Date Speaker Presentation
April 4
12:45–2:00 p.m.
Erica Jiang
University of Southern California
Branching Out Inequality: The Impact of Credit Equality Policies (with Jacelly Cespedes, Carlos Parra and Jinyuan Zhang)
April 11
12:45–2:00 p.m. (virtual)
Arpit Gupta
New York University
The Costs of Housing Regulation: Evidence From Generative Regulatory Measurement (with Alexander Bartik and Daniel Milo)
April 18
12:45–2:00 p.m.
Hillary Stein
Federal Reserve Bank of Boston
Dealer Risk Limits and Currency Returns (with Omar Barbiero, Falk Brauning and Gustavo Joaquim)
May 2
12:45–2:00 p.m.
Richard Sweeney
Boston College
Winds of Change: Estimating Learning by Doing without Cost or Input Data (with Thomas Covert)
June 13
12:45–2:00 p.m.
Fabrizio Perri
Federal Reserve Bank of Minneapolis
Reconciling Macroeconomics and Finance for the U.S. Corporate Sector: 1929 – Present (with Jonathan Heathcote and Andy Atkeson)
June 20
12:45–2:00 p.m.
Manju Puri
Duke University Fuqua School of Business
From Competitors to Partners: Banks’ Venture Investments in Fintech (with Yiming Qian and Xiang Zheng)
Aug. 22
12:45–2:00 p.m.
Jorge De la Roca
University of Southern California
Skill Allocation and Urban Amenities in the Developing World (with Andrii Parkhomenko and Daniel Velásquez-Cabrera)
Aug. 29
12:45–2:00 p.m.
Selahattin Imrohoroglu
University of Southern California
Fiscal Sustainability and Market Incompleteness: Quantitative Findings for Japan (with Akio Ino)
Sept. 5
12:45–2:00 p.m.
Andrew Atkeson
University of California, Los Angeles
There is No Excess Volatility Puzzle (with Jonathan Heathcote and Fabrizio Perri)
Sept. 17
12:45–2:00 p.m.
Ashley Langer
University of Arizona
What Were the Odds? Estimating the Market's Probability of Uncertain Events (with Derek Lemoine)
Sept. 26
12:45–2:00 p.m.
Charles Engel
University of Wisconsin-Madison
Exchange Rate Models Are Better Than You Think, and Why They Didn’t Work in the Old Days (with Steve Pak Yeung Wu)
Oct. 1
12:45–2:00 p.m.
Kyle Herkenhoff
University of Minnesota
Intergenerational Mobility and Credit (with J. Carter Braxton, Nisha Chikhale and Gordon Phillips)
Oct. 10
12:45–2:00 p.m.
Yueran Ma
University of Chicago Booth School of Business
Business Concentration around the World: 1900—2020 (with J. Mengdi Zhang and Kaspar Zimmerman)
Oct. 17
12:45–2:00 p.m.
Thomas Drechsel
University of Maryland
Estimating the Effects of Political Pressure on the Fed: A Narrative Approach with New Data
Oct. 24
12:45–2:00 p.m.
Hyunju Lee
University of Houston
Globalization Accounting (with Sterre Kuipers and Radek Paluszynski)
Nov. 7
12:45–2:00 p.m.
Kurt See
Bank of Canada
The Implications of Labor Market Heterogeneity on Unemployment Insurance Design (with Serdar Birinci)
Nov. 14
12:45–2:00 p.m.
Cody Tuttle
University of Texas at Austin
Police Work and Political Identity (with Felipe Goncalves)
Nov. 21
1:45–3:00 p.m.
Chi Hyun Kim
University of Bonn
Measuring the Effects of Aggregate Shocks on Unit-Level Outcomes and Their Distribution
Dec. 4
12:00–1:00 p.m.
Sarah Zubairy
Texas A&M University
Treasury Supply Shocks: Volume Expansion and Maturity Extension Effects (with Huixin Bi and Maxime Phillot)
Dec. 20
12:45–2:00 p.m.
Stephen Hansen
University College London
Inference for Regression with Variables Generated by AI or Machine Learning (with Laura Battaglia, Timothy Christensen and Szymon Sacher)
2023 seminars
Date Speaker Presentation
Feb. 9
12:45–2:00 p.m.
Mariacristina De Nardi
University of Minnesota
The Lifetime Costs of Bad Health
(with Svetlana Pashchenko and Ponpoje Porapakkarm)
Feb. 23
12:45–2:00 p.m.
Ana Maria Santacreu
Federal Reserve Bank of St. Louis
Dynamic Gains from Trade Agreements with Intellectual Property Provisions
March 2
12:45–2:00 p.m.
Ben Keys
University of Pennsylvania
Racial Bias in the Mortgage Market: New Evidence from Lending Discontinuities
(with Will Dobbie and Andrew Paciorek)
March 9
12:45–2:00 p.m.
Francois Gourio
Federal Reserve Bank of Chicago
Downward Nominal Rigidities and Bond Premia
(with Phuong Ngo)
March 23
12:45–2:00 p.m.
Ian Dew-Becker
Northwestern University
Tail Risk in Production Networks
March 30
12:45–2:00 p.m.
Peter Christensen
University of Illinois at Urbana-Champaign
Energy Efficiency Can Deliver for Climate Policy: Evidence from Machine Learning-Based Targeting
(with Paul Francisco, Erica Myers, Hansen Shao and Mateus Souza)
April 6
12:45–2:00 p.m.
Job Boerma
University of Wisconsin-Madison
Composite Sorting
(with Aleh Tsyvinski, Ruodu Wang and Zhenyuan Zhang)
April 13
12:45–2:00 p.m.
Dan Greenwald
New York University
The Credit Line Channel
(with John Krainer and Pascal Paul)
April 20
12:45–2:00 p.m.
Illenin Kondo
Federal Reserve Bank of Minneapolis
Accounting for Racial Wealth Disparities
(with Teegawende H. Zeida, Samuel L. Myers Jr. and William A. Darity Jr.)
April 27
12:45–2:00 p.m.
David Low
Consumer Financial Protection Bureau
What Triggers Mortgage Default? New Evidence from Linked Administrative and Survey Data
May 11
12:45–2:00 p.m.
Lu Han
University of Wisconsin-Madison
Frictional and Speculative Vacancies: The Effects of an Empty Homes Tax
(with Derek Stacy and Hong Chen)
May 18
12:45–2:00 p.m.
George Alessandria
University of Rochester
Rising Current Account Dispersion: Trade or Financial Integration?
(with Yan Bai and Soo Kyung Woo)
June 22
12:45–2:00 p.m.
Nathaniel Baum-Snow
University of Toronto
The Skyscraper Revolution: Global Economic Development and Land Savings
(with Gabriel M. Ahlfeldt and Remi Jedwab)
June 29
12:45–2:00 p.m.
Rajashri Chakrabarti
Federal Reserve Bank of New York
College Finance, Migration and Long-Term Financial Well-Being of Students
(with William Nober and Wilbert van der Klaauw)
July 6
12:45–2:00 p.m.
Arthur Van Benthem
University of Pennsylvania
Regulating Untaxable Externalities: Are Vehicle Air Pollution Standards Effective and Efficient?
(with Mark Jacobsen, James M. Sallee and Joseph S. Shapiro)
Aug. 17
12:45–2:00 p.m.
Samuel Kruger
University of Texas at Austin
Did Pandemic Relief Fraud Inflate House Prices?
(with John M. Griffin and Prateek Mahajan)
Aug. 31
12:45–2:00 p.m. (virtual)
Aeimit Lakdawala
Wake Forest University
Partisan Bias in Professional Macroeconomic Forecasts
(with Benjamin S. Kay, Jane Ryngaert and Michael Futch)
Sept. 14
12:45–2:00 p.m.
Marianne Bitler
University of California, Davis
Long-Run Effects of Food Assistance: Evidence from the Food Stamp Program
(with Theodore F. Figinski)
Sept. 21
12:45–2:00 p.m.
Mark Spiegel
Federal Reserve Bank of San Francisco
Targeted Reserve Requirements for Macroeconomic Stabilization
(with Zheng Liu and and Jingyi Zhang)
Oct. 12
12:45–2:00 p.m.
Mark Hoekstra
Baylor University
Are American Juries Racially Discriminatory? Evidence from Over a Quarter Million Felony Grand Jury Cases
(with Suhyeon Oh and Meradee Tangvatcharapong)
Oct. 17
12:45–2:00 p.m.
Michael Weber
University of Chicago
Diverse Policy Committees Can Reach Underrepresented Groups
(with Francesco D’Acunto and Andreas Fuster)
Oct. 19
12:45–2:00 p.m.
Zach Bethune
Rice University
The Dynamics of Unemployment, Inflation and the Distribution of Liquidity
(with Guillaume Rocheteau)
Oct. 26
12:45–2:00 p.m.
Katalin Springel
HEC Montréal
Entry and Coordination in the U.S. Electric Vehicle Charging Industry
(with Jing Li)
Nov. 2
12:45–2:00 p.m.
Stephanie Schmitt-Grohé
Columbia University
Heterogeneous Downward Nominal Wage Rigidity: Foundations of a Nonlinear Phillips Curve
(with Martin Uribe)
Nov. 9
12:45–2:00 p.m.
Stijn Van Nieuwerburgh
Columbia University
Work from Home and the Office Real Estate Apocalypse
(with Arpit Gupta and Vrinda Mittal)
Nov. 16
12:45–2:00 p.m.
Javier Bianchi
Federal Reserve Bank of Minneapolis
Financial Integration and Monetary Policy Coordination
(with Louphou Coulibaly)
Nov. 30
12:45–2:00 p.m.
Claudia Macaluso
Federal Reserve Bank of Richmond
Outsourcing Dynamism
(with Andrea Atencio De Leon and Chen Yeh)
Dec. 7
12:45–2:00 p.m.
Eva Steiner
Penn State University
The Best Cities for Firms
(with Andra Ghent)
2022 seminars
Date Speaker Presentation
March 23
12:45–2:00 p.m. (virtual)
Michela Giorcelli
University of California, Los Angeles
Technology Transfer and Early Industrial Development: Evidence from Sino-Soviet Alliance
(with Bo Li)
March 31
12:45–2:00 p.m. (virtual)
Gregor Matvos
Northwestern University
Banking Without Deposits: Evidence from Shadow Bank Call Reports
(with Erica Jiang, Tomasz Piskorski and Amit Seru)
April 7
12:45–2:00 p.m. (virtual)
Max Auffhammer
University of California, Berkeley
Natural Gas Price Elasticities and Optimal Cost Recovery Under Consumer Heterogeneity
(with Edward Rubin)
April 28
2:00–3:15 p.m. (virtual)
Anna Cieslak
Duke University
Policymakers’ Uncertainty
(with Stephen Hansen, Michael McMahon and Song Xiao)
May 5
12:45–2:00 p.m. (virtual)
Ludwig Straub
Harvard University
A Goldilocks Theory of Fiscal Deficits
(with Atif Mian and Amir Sufi)
May 12
12:45–2:00 p.m. (virtual)
Nitya Pandalai-Nayar
University of Texas at Austin
News Media and International Fluctuations
(with Ha Bui, Zhen Huo and Andrei Levchenko)
May 19
12:45–2:00 p.m. (virtual)
Lorenzo Caliendo
Yale University
The Quantitative Effects of Trade Policy on Industrial and Labor Location
(with Fernando Parro)
May 26
12:45–2:00 p.m. (virtual)
Andreas Mueller
University of Texas at Austin
Predicting Long-Term Unemployment Risk
(with Johannes Spinnewijn)
Aug. 11
12:45–2:00 p.m. (virtual)
Toni Whited
University of Michigan
Central Bank Digital Currency and Banks
(with Yufeng Wu and Kairong Xiao)
Aug. 18
12:45–2:00 p.m.
Michael Barnett
Arizona State University
Does Climate Change Impact Sovereign Bond Yields?
(with Constantine Yannelis)
Aug. 25
12:45–2:00 p.m.
Diego Comin
Dartmouth College
Supply Chain Constraints and Inflation
(with Robert C. Johnson)
Sept. 1
12:45–2:00 p.m.
Eric Zou
University of Oregon
Air Pollution and the Labor Market: Evidence from Wildfire Smoke
(with Mark Borgschulte and David Molitor)
Sept. 8
12:45–2:00 p.m.
Ralf Meisenzahl
Federal Reserve Bank of Chicago
Crisis Liquidity Facilities with Nonbank Counterparties: Lessons from the Term Asset-Backed Securities Loan Facility
(with Karen M. Pence)
Sept. 15
12:45–2:00 p.m.
Manuel Adelino
Duke University
The Environmental Cost of Easy Credit: The Housing Channel
(with David Robinson)
Sept. 22
12:45–2:00 p.m.
Louphou Coulibaly
University of Wisconsin
A Theory of Fear of Floating
(with Javier Bianchi)
Sept. 29
12:45–2:00 p.m.
Sharat Ganapati
Georgetown University
Urban-Biased Growth: A Macroeconomic Analysis
(with Fabian Eckert and Conor Walsh)
Oct. 13
12:45–2:00 p.m.
Corina Boar
New York University
Why Are Returns to Private Business Wealth So Dispersed?
(with Denis Gorea and Virgiliu Midrigan)
Oct. 20
12:45–2:00 p.m.
Elena Pikulina
University of British Columbia
Political Divide and the Composition of Households’ Equity Portfolios
(with Yihui Pan, Stephan Siegel and Tracy Yue Wang)
Nov. 3
12:45–2:00 p.m.
Andra Ghent
University of Utah
Does Main Street Benefit from What Benefits Wall Street?
(with Sean J. Flynn Jr.)
Nov. 10
12:45–2:00 p.m.
Raven Molloy
Federal Reserve Board
Differences in Rent Growth by Income 1985-2021 and Implications for Inflation
(with Daryl Larsen)
Nov. 17
12:45–2:00 p.m.
Kevin Shih
Queens College CUNY
The Impact of Immigration on Firms and Workers: Insights from the H-1B Lottery and U.S. Employer-Employee Data
(with Agostina Brinatti, Mingyu Chen, Parag Mahajan and Nicolas Morales)
Dec. 1
12:45–2:00 p.m.
Wenli Li
Federal Reserve Bank of Philadelphia
The Impact of Opioid Epidemic on Consumer Finance
(with Sumit Agarwal, Raluca Roman and Nonna Sorokina)
Dec. 2
12:45–2:00 p.m.
Amit Seru
Stanford University
Why is Intermediating Houses so Difficult? Evidence from iBuyers
(with Greg Buchak, Gregor Matvos and Tomasz Piskorski)
Dec. 8
12:45–2:00 p.m.
Catherine Hausman
University of Michigan
Spillovers from Ancillary Services to Wholesale Energy Markets
(with Jesse F. Buchsbaum, Johanna L. Mathieu and Jing Peng)
2021
Date Speaker Presentation
April 8
1:15–2:30 p.m. (virtual)
Regis Barnichon
Federal Reserve Bank of San Francisco
Testing Macroeconomic Policies with Sufficient Statistics
(with Geert Mesters)
April 15
1:15–2:30 p.m. (virtual)
Sandra Black
Columbia University
Where Does Wealth Come From?
(with Paul J. Devereux, Fanny Landaud and Kjell G. Salvanes)
April 22
1:15–2:30 p.m. (virtual)
Conny Olovsson
Sveriges Riksbank
On the Effectiveness of Climate Policies
(with John Hassler, Per Krusell and Michael Reiter)
April 29
1:15–2:30 p.m. (virtual)
Andreas Fuster
Swiss National Bank
How Resilient is Mortgage Credit Supply? Evidence from the COVID-19 Pandemic
(with Aurel Hizmo, Lauren Lambie-Hanson, James Vickery and Paul Willen)
May 6
1:15–2:30 p.m. (virtual)
Javier Cravino
University of Michigan
Firm-Embedded Productivity and Cross-Country Income Differences: Evidence from Multinational Firms
(with Vanessa Alviarez and Natalia Ramondo)
May 13
12:45–2:00 p.m. (virtual)
Ivan Ivanov
Federal Reserve Board
Fighting Failure: The Persistent Real Effects of Resolving Distressed Banks
(with Stephen A. Karolyi)
May 20
12:45–2:00 p.m. (virtual)
Milena Almagro
Federal Reserve Bank of Minneapolis
Location Sorting and Endogenous Amenities: Evidence from Amsterdam
(with Tomas Dominguez-Iino)
May 27
12:45–2:00 p.m. (virtual)
Monika Piazzesi
Stanford University
How Unconventional is Green Monetary Policy?
(with Melina Papoutsi and Martin Schneider)
June 3
12:45–2:00 p.m. (virtual)
Motohiro Yogo
Princeton University
Exchange Rates and Asset Prices in a Global Demand System
(with Ralph S.J. Koijen)
June 10
12:45–2:00 p.m. (virtual)
Christopher Knittel
Massachusetts Institute of Technology
Distributed Effects of Climate Policy: A Machine Learning Approach
(with Tomas W. Green)
July 29
1:15–2:30 p.m. (virtual)
Erin Wolcott
Middlebury College
How Does the Dramatic Rise of CPS Non-Response Impact Labor Market Indicators? (with Robert Bernhardt and David Munro)
Aug. 5
9:00–10:15 a.m. (virtual)
Daniel Prinz
Institute for Fiscal Studies
The Impact of Payroll Tax Subsidies: Theory and Evidence
(with Aniko Biro, Reka Branyiczki, Attila Lindner and Lili Mark)
Aug. 12
12:45–2:00 p.m. (virtual)
Matthew Kahn
Johns Hopkins University
Local Public Finance Dynamics and Hurricane Shocks
(with Rhiannon Jerch and Gary Lin)
Aug. 19
12:45–2:00 p.m. (virtual)
Peter Ganong
University of Chicago
Spending and Job Search Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data
(with Fiona Greig, Max Liebeskind, Pascal Noel, Daniel Sullivan and Joseph Vavra)
Sept. 9
11:00 a.m.–12:15 p.m. (virtual)
Charles Engel
University of Wisconsin
Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
(with Javier Bianchi and Saki Bigio)
Sept. 16
12:45–2:00 p.m. (virtual)
Loukas Karabarbounis
University of Minnesota
Reparations and Persistent Racial Wealth Gaps
(with Job Boerma)
Sept. 23
12:45–2:00 p.m. (virtual)
Adrien Auclert
Stanford University
Demographics, Wealth, and Global Imbalances in the Twenty-First Century
(with Hannes Malmberg, Frédéric Martenet and Matthew Rognlie)
Sept. 30
12:45–2:00 p.m. (virtual)
Matteo Maggiori
Stanford University
Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens
(with Antonio Coppola, Brent Neiman and Jesse Schreger)
Oct. 7
12:45–2:00 p.m. (virtual)
Rebecca Diamond
Stanford University
The Effect of Foreclosures on Homeowners, Tenants, and Landlords
(with Adam Guren and Rose Tan)
Oct. 14
12:45–2:00 p.m. (virtual)
Enrico Moretti
University of California, Berkeley
Where is Standard of Living the Highest? Local Prices and Geography of Consumption
(with Rebecca Diamond)
Oct. 21
12:45–2:00 p.m. (virtual)
Johannes Stroebel
New York University
A Quantity-Based Approach to Constructing Climate Risk Hedge Portfolios
(with Georgij Alekseev, Stefano Giglio, Quinn Maingi and Julia Selgrad)
Oct. 28
10:00–11:15 a.m. (virtual)
Kiminori Matsuyama
Northwestern University
A Technology-Gap Model of Premature Deindustrialization
(with Ippei Fujiwara)
Nov. 4
12:45–2:00 p.m. (virtual)
Nicolas Petrosky-Nadeau
Federal Reserve Bank of San Francisco
When Hosios Meets Phillips: Connecting Efficiency and Stability to Demand Shocks
(with Etienne Wasmer and Philippe Weil)
Dec. 2
12:45–2:00 p.m. (virtual)
Kilian Huber
University of Chicago
Disaggregated Economic Accounts: Measurement and Implications for Fiscal Policy
Dec. 9
12:45–2:00 p.m. (virtual)
Victoria Ivashina
Harvard University
Why is Dollar Debt Cheaper?
(with B. Gutiérrez and J. Salomao)
2020 seminars
Date Speaker Presentation
March 3
9:30–10:45 a.m.
Carolin Pflueger
University of Chicago
A Consumption Based Model of Monetary Policy and Asset Prices
(with Gianluca Rinaldi)
May 19
12:00–1:00 p.m. (virtual)
Thiago Ferreira
Federal Reserve Board
Scarcity of Safe Assets and Global Neutral Interest Rates
(with Samer Shousha)
May 21
9:30–10:45 a.m. (virtual)
Urban Jermann
University of Pennsylvania
Is SOFR Better than LIBOR?
May 28
9:30–10:45 a.m. (virtual)
Jesús Fernández-Villaverde
University of Pennsylvania
Estimating and Simulating a SIRD Model of COVID-19 for Many Countries, States, and Cities
(with Charles I. Jones)
June 11
9:30–10:45 a.m. (virtual)
Veronica Guerrieri
University of Chicago
Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?
(with Guido Lorenzoni, Ludwig Straub and Iván Werning)
June 25
9:30–11:00 a.m. (virtual)
Sergio Rebelo
Northwestern University
The Macroeconomics of Epidemics
(with Martin Eichenbaum and Mathias Trabandt)
Aug. 27
9:30–10:45 a.m. (virtual)
Stephanie Johnson
Rice University
Financial Technology and the 1990s Housing Boom
Sept. 10
1:15–2:30 p.m. (virtual)
Jacob Vigdor
University of Washington
The Price of Protection: Landlord-Tenant Regulations and the Decline in Rental Affordability, 1960-2017
(with Alanna F. Williams)
Sept. 17
1:15–2:30 p.m. (virtual)
Dirk Krueger
University of Pennsylvania
Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
(with Andrew Glover, Jonathan Heathcote and José-Víctor Ríos-Rull)
Oct. 1
1:15–2:30 p.m. (virtual)
David Berger
Duke University
Mortgage Prepayment and the Path-Dependent Effects of Monetary Policy
(with Konstantin Milbradt, Fabrice Tourre and Joseph Vavra)
Oct. 14
1:15–2:30 p.m. (virtual)
Menzie Chinn
University of Wisconsin–Madison
The New Fama Puzzle
(with Matthieu Bussière, Laurent Ferrara and Jonas Heipertz)
Oct. 22
1:15–2:30 p.m. (virtual)
Jonathan Dingel
University of Chicago
Spatial Economics for Granular Settings
(with Felix Tintelnot)
Oct. 29
1:15–2:30 p.m. (virtual)
Sydnee Caldwell
University of California, Berkeley
Experimental Evidence on Male and Female Labor Supply
(with Emily Oehlsen)
Nov. 5
1:15–2:30 p.m. (virtual)
Alp Simsek
Massachusetts Institute of Technology
Monetary Policy with Opinionated Markets
(with Ricardo J. Caballero)
Nov. 12
1:15–2:30 p.m. (virtual)
Atif Mian
Princeton University
Indebted Demand
(with Ludwig Straub and Amir Sufi)
Dec. 3
1:15–2:30 p.m. (virtual)
Oleg Itskhoki
University of California, Los Angeles
Dominant Currencies: How Firms Choose Currency Invoicing and Why It Matters
(with Mary Amiti and Jozef Konings)
2019 seminars
Date Speaker Presentation
Feb 21
9:30–10:45 a.m.
Marco Del Negro
Federal Reserve Bank of New York
A Bayesian Approach for Inference on Probabilistic Surveys
(with Roberto Casarin and Federico Bassetti)
Feb. 28
9:30–10:45 a.m.
Annette Vissing-Jorgensen
University of California, Berkeley
The Impact of Pensions and Insurance on Global Yield Curves
(with Robin Greenwood)
March 7
9:30–10:45 a.m.
Eric Sims
University of Notre Dame
Evaluating Central Banks' Tool Kit: Past, Present, and Future
(with Jing Cynthia Wu)
March 14
9:30–10:45 a.m.
Ufuk Akcigit
University of Chicago
What Happened to the U.S. Business Dynamism?
(with Sina T. Ates)
March 20
9:30–10:45 a.m.
Christopher Otrok
University of Missouri
Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime Switching Approach
(with Gianluca D. Benigno, Andrew Foerster and Alessandro Rebucci)
April 4
9:30–10:45 a.m.
Francesco Bianchi
Duke University
The Origins and Effects of Macroeconomic Uncertainty
(with Howard Kung and Mikhail Tirskikh)
April 11
9:30–10:45 a.m.
Antoine Martin
Federal Reserve Bank of New York
Can the US Interbank Market Be Revived?
(with Kyungmin Kim and Ed Nosal)
April 18
9:30–10:45 a.m.
Wouter den Haan
London School of Economics
Agnostic Structural Disturbances (ASDs): Detecting and Reducing Misspecification in Empirical Macroeconomic Models
(with Thomas Drechsel)
May 2
9:30–10:45 a.m.
Dejanir Silva
University of Illinois
Wealth Effects and the Transmission Mechanism of Monetary Policy
(with Nicolas Caramp)
May 9
9:30–10:45 a.m.
Nicholas Bloom
Stanford University
The Finance Uncertainty Multiplier
(with Iván Alfaro and Xiaoji Lin)
May 16
9:30–10:45 a.m.
Pascual Restrepo
Boston University
Demographics and Automation
(with Daron Acemoglu)
May 30
9:30–10:45 a.m.
Martin Eichenbaum
Northwestern University
Monetary Policy and the Predictability of Nominal Exchange Rates
(with Benjamin K. Johannsen and Sergio Rebelo)
June 20
1:15–2:30 p.m.
Stephen Ross
University of Connecticut
The Returns to Ability and Experience in High School Labor Markets: Revisiting Evidence on Employer Learning and Statistical Discrimination
(with Xizi Li)
June 27
9:30–10:45 a.m.
Andrés Fernández Martin
Central Bank of Chile
Sticky Capital Controls
(with Miguel Acosta and Laura Alfaro)
July 16
10:30 a.m.–12:00 p.m.
Stathis Tompaidis
University of Texas at Austin
Measuring Risks in Hedge Funds: Evaluation and Usefulness of Exposure Data in Form PF
(with Phillip J. Monin and Matthew Pritsker)
July 25
1:15–2:30 p.m.
Émilien Gouin-Bonenfant
University of California, San Diego
Productivity Dispersion, Between-Firm Competition, and the Labor Share
Aug. 13
1:15–2:30 p.m.
Michael Bordo
Rutgers University
Digital Cash: Principles & Practical Steps and Central Bank Digital Currency and the Future of Monetary Policy
Aug. 22
9:30–10:45 a.m.
Mikkel Plagborg-Møller
Princeton University
Local Projections and VARs Estimate the Same Impulse Responses
(with Christian K. Wolf)
Sept. 5
1:15–2:30 p.m.
Winston Dou
University of Pennsylvania
Competition, Profitability, and Risk Premia
(with Yan Ji and Wei Wu)
Sept. 13
9:30–10:45 a.m.
Carola Binder
Haverford College
Central Bank Communication and Disagreement about the Natural Rate Hypothesis
Sept. 24
1:15–2:30 p.m.
Linda Goldberg
Federal Reserve Bank of New York
International Capital Flow Pressures
(with Signe Krogstrup)
Oct. 1
9:30–10:45 a.m.
Ali Ozdagli
Federal Reserve Bank of Boston
Monetary Policy through Production Networks: Evidence from the Stock Market
(with Michael Weber)
Oct. 3
1:15–2:30 p.m.
Felix Tintelnot
University of Chicago
The Effects of Foreign Multinationals on Workers and Firms in the United States
(with Bradley Setzler)
Oct. 8
9:30–10:45 a.m.
Toni Ahnert
Bank of Canada
Bank Competition, Bank Runs and Opacity
(with David Martinez-Miera)
Oct. 10
9:30–10:45 a.m.
Rodrigo Adão
University of Chicago
Technological Transitions with Skill Heterogeneity Across Generations
(with Martin Beraja and Nitya Pandalai-Nayar)
Oct. 17
1:15–2:30 p.m.
Harald Uhlig
University of Chicago
Cryptocurrencies, Currency Competition, and the Impossible Trinity
(with Pierpaolo Benigno and Linda M. Schilling)
Oct. 24
1:15–2:30 p.m.
John Knowles
Simon Fraser University
Savings and Attitudes – An Intergenerational Analysis
(with Andrew Postlewaite)
Oct. 31
9:30–10:45 a.m.
Michael McMahon
University of Oxford
Monetary Policymakers' Uncertainty
(with Anna Cieslak and Stephen Hansen)
Nov. 4
9:30–10:45 a.m.
Florin Bilbiie
University of Lausanne
Monetary Policy and Heterogeneity: An Analytical Framework
Nov. 7
9:30–10:45 a.m.
Kyle Jurado
Duke University
Recoverability and Expectations-Driven Fluctuations
(with Ryan Chahrour)
Nov. 14
9:30–10:45 a.m.
Fatih Karahan
Federal Reserve Bank of New York
Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job Ladder Risk vs Human Capital
(with Serdar Ozkan and Jae Song)
Dec. 5
1:15–2:30 p.m.
Dana Kiku
University of Illinois at Urbana-Champaign
Climate Change Risk
(with Ravi Bansal and Marcelo Ochoa)
Dec. 12
1:15–2:30 p.m.
Luigi Pistaferri
Stanford University
The Great Micro Moderation
(with Nicholas Bloom, Fatih Guvenen, John Sabelhaus, Sergio Salgado and Jae Song)
2018 seminars
Date Speaker Presentation
Jan. 16
10:30–11:45 a.m.
Cynthia Wu
University of Chicago, Booth
A Shadow Rate New Keynesian Model
(with Ji Zhang)
Jan. 17
10:30–11:45 a.m.
Drew Creal
University of Chicago, Booth
Multihorizon Currency Returns and Purchasing Power Parity
(with Mikhail Chernov)
Feb. 27
10:30–11:45 a.m.
Kris Mitchener
Santa Clara University
Systemic Risk and the Great Depression
(with Sanjiv Das and Angela Vossmeyer)
March 8
1:15–2:30 p.m.
Ryan Chahrour
Boston College
The International Medium of Exchange: Privilege and Duty
(with Rosen Valchev)
March 15
10:30–11:45 a.m.
Alireza Tahbaz-Salehi
Northwestern University
Information Revelation and Efficiency in Heterogeneous Markets
March 22
1:15–2:30 p.m.
Dmitriy Sergeyev
Bocconi University
Central Bank Balance Sheet Policies without Rational Expectations
(with Luigi Iovino)
March 29
10:30–11:45 a.m.
Dacheng Xiu
University of Chicago, Booth
Inference on Risk Premia in the Presence of Omitted Factors
(with Stefano Giglio)
April 3
10:30–11:45 a.m.
Galina Hale
Federal Reserve Bank of San Francisco
Monitoring Banking System Fragility with Big Data
(with Jose A. Lopez)
April 13
10:30–11:45 a.m.
Lutz Kilian
University of Michigan
Modeling Fluctuations in the Global Demand for Commodities
(with Xiaoqing Zhou)
April 19
10:30–11:45 a.m.
Ben Johannsen
Federal Reserve Board
A Time Series Model of Interest Rates with the Effective Lower Bound
(with Elmar Mertens)
April 26
1:15–2:30 p.m.
Pablo Cuba-Borda
Federal Reserve Board
Likelihood Evaluation of Models with Occasionally Binding Constraints
(with Luca Guerrieri, Matteo Iacoviello and Molin Zhong)
May 1
10:30–11:45 a.m.
Jose Montiel Olea
Columbia University
A/B Testing
(with Eduardo Azevedo, Alex Deng, Justin Rao and E. Glen Weyl)
May 3
10:30–11:45 a.m.
Yuriy Gorodnichenko
University of California, Berkeley
Unbundling Quantitative Easing: Taking a Cue from Treasury Auctions
(with Walker Ray)
May 10
10:30–11:45 a.m.
Giorgio Primiceri
Northwestern University
The Mortgage Rate Conundrum
(with Alejandro Justiniano and Andrea Tambalotti)
May 17
10:30–11:45 a.m.
Latchezar Popov
Texas Tech University
Misallocation and Intersectoral Linkages
(with Sophie Osotimehin)
May 22
10:30–11:45 a.m.
Michel Robe
American University
The Third Dimension of Financialization: Electronification, Intraday Institutional Trading, and Commodity Market Quality
(with Vikas Raman and Pradeep K. Yadav)
May 31
10:30–11:45 a.m.
B. Ravikumar
Federal Reserve Bank of St. Louis
Explaining Cross-Cohort Differences in Life-Cycle Earnings
(with Yu-Chien Kong and Guillaume Vandenbroucke)
June 7
10:30–11:45 a.m.
Boragan Aruoba
University of Maryland
How Big is the Wealth Effect? Decomposing the Response of Consumption to House Prices
(with Ronel Elul and Sebnem Kalemli-Ozcan)
June 14
1:15–2:30 p.m.
Benjamin Wong
Monash University
Estimating and Accounting for the Output Gap with Large Bayesian Vector Autoregressions
(with James Morley)
June 26
10:30–11:45 a.m.
Jorge Miranda-Pinto
The University of Queensland
Production Network Structure, Service Share, and Aggregate Volatility
July 26
10:30–11:45 a.m.
David Miller
Federal Reserve Board
A Monetary-Fiscal Theory of the Price Level
Aug. 23
1:15–2:30 p.m.
James D. Hamilton
University of California, San Diego
A Skeptical View of the Impact of the Fed's Balance Sheet
(with David Greenlaw, Ethan S. Harris and Kenneth D. West)
Aug. 28
10:30–11:45 a.m.
Eric Swanson
University of California, Irvine
Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets
September 4
1:15–2:30 p.m.
Xiaoqing Zhou
Bank of Canada
The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada
(with Lutz Kilian)
September 6
10:30–11:45 a.m.
Alex Gelber
University of California, San Diego
Using Non-Linear Budget Sets to Estimate Extensive Margin Responses: Method and Evidence from the Social Security Earnings Test
(with Damon Jones, Daniel W. Sacks and Jae Song)
September 13
1:15–2:30 p.m.
Benjamin Born
Frankfurt School of Finance & Management
The Costs of Economic Nationalism: Evidence from the Brexit Experiment
(with Gernot Müller, Moritz Schularick and Petr Sedlacek)
September 20
10:30–11:45 a.m.
Martin Uribe
Columbia University
The Neo-Fisher Effect: Econometric Evidence from Empirical and Optimizing Models
September 26
10:30–11:45 a.m.
James Vickery
Federal Reserve Bank of New York
The Role of Technology in Mortgage Lending
(with Andreas Fuster, Matthew Plosser and Philipp Schnabl)
September 27
10:30–11:45 a.m.
Nicolas Ziebarth
Auburn University
Firm Networks in the Great Depression
(with Chris Vickers and Erik Loualiche)
Oct. 4
10:30–11:45 a.m.
Domenico Giannone
Federal Reserve Bank of New York
Economic Predictions with Big Data: The Illusion of Sparsity
(with Michele Lenza and Giorgio E. Primiceri)
Oct. 11
10:30–11:45 a.m.
Bernard Herskovic
UCLA Anderson School of Management
OTC Intermediaries
(with Andrea L. Eisfeldt, Sriram Rajan and Emil Siriwardane)
Oct. 18
10:30–11:45 a.m.
Jennifer Hunt
Rutgers University
Why Are Fewer Workers Earning Middle Wages and Is It a Bad Thing?
(with Ryan Nunn)
Oct. 25
10:30–11:45 a.m.
Aditya Aladangady
Federal Reserve Board
High-Frequency Spending Responses to the Earned Income Tax Credit
(with Shifrah Aron-Dine, David Cashin, Wendy Dunn, Laura Feiveson, Paul Lengermann, Katherine Richard and Claudia Sahm)
November 1
10:30–11:45 a.m.
Christoph Boehm
University of Texas at Austin
Government Consumption and Investment: Does the Composition of Purchases Affect the Multiplier?
November 2
10:30–11:45 a.m.
Eric Van Wincoop
University of Virginia
Puzzling Exchange Rate Dynamics and Delayed Portfolio Adjustment
(with Philippe Bacchetta)
November 8
10:30–11:45 a.m.
David Albouy
University of Illinois
Valuing Public Goods More Generally: The Case of Infrastructure
(with Arash Farahani)
November 15
1:15–2:30 p.m.
Johannes Wieland
Federal Reserve Bank of Chicago
The Interest Elasticity of Durable Demand: Measurement and Implications
(with Alisdair McKay)
Dec. 11
10:30–11:45 a.m.
Neil Mehrotra
Brown University
Small and Large Firms Over the Business Cycle
(with Nicolas Crouzet)
Dec. 13
10:30–11:45 a.m.
Anna Orlik
Federal Reserve Board
On Credible Monetary Policies under Model Uncertainty
(with Ignacio Presno)
2017 seminars
Date Speaker Presentation
Feb. 24 Lorenzo Caliendo
Yale University
Productivity and Organization in Portuguese Firms
(with Giordano Mion, Luca David Opromolla, and Esteban Rossi-Hansberg)

March 10

Ben Johannsen
Federal Reserve Board

Monetary Policy and the Predictability of Nominal Exchange Rates
(with Martin Eichenbaum and Sergio Rebelo)

March 17

Young (Seonyoung) Park
University of Delaware

Recent Decline in Aggregate Labor Supply of Married Women in the United States: A Life-Cycle Structural Model

March 24 Daniel Murphy
University of Virginia
Fiscal Stimulus, Interest Rates, and Inequality: A Global Perspective
(with Jorge Miranda-Pinto and Kieran Walsh)

April 7

Pietro Peretto
Duke University

Commodity Prices and Growth
(with Domenico Ferraro)

April 14

Ryan Kellogg
University of Chicago

Information Asymmetry, Drilling Distortions, and Oil and Gas Leases
(with Evan Herrnstadt and Eric Lewis)

May 5 Ricardo Reyes-Heroles
Federal Reserve Board
Globalization and Structural Change in the United States: A Quantitative Assessment

May 12

Daniel Greenwald
Massachusetts Institute of Technology

The Mortgage Credit Channel of Macroeconomic Transmission

May 26

Jose Joaquin Lopez
University of Memphis

Size-Dependent Policies, the Allocation of Talent, and the Return to Skill
(with Jesica Torres-Coronado)

June 23 Marco Lombardi
Bank for International Settlements
The Real Effects of Household Debt in the Short and Long Run
(with Madhusudan Mohanty and Ilhyock Shim)
June 30 Anson Soderbery
Purdue University
Trade Elasticities, Heterogeneity, and Optimal Tariffs
July 7 Gil Sadka
University of Texas at Dallas

Cross-Sectional Dispersion, Expected Loan Losses, and Debt Cycles
(with Xanthi Gkougkousi and Suresh Radhakrishnan)

July 14 Eric Young
University of Virginia
Flexibility and Frictions in Multisector Models
(with Jorge Miranda-Pinto)
July 28

Ralf Meisenzahl
Federal Reserve Board

Pipeline Risk in Leveraged Loan Syndication
(with Max Bruche and Frederic Malherbe)

Aug. 11 Kim Ruhl
Penn State University
Offshore Profit Shifting and Domestic Productivity Measurement
(with Fatih Guvenen, Raymond Mataloni, and Dylan Rassier)
Sept. 15 Andy Glover
University of Texas at Austin
Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound
Sept. 22

Benjamin Bridgman
Bureau of Economic Analysis

Is Productivity on Vacation? The Impact of the Digital Economy on the Value of Leisure
Sept. 29

Christian Matthes
Federal Reserve Bank of Richmond

Indeterminacy and Imperfect Information
(with Thomas Lubik and Elmar Mertens)

Oct. 6

Matthew Jaremski
Colgate University

Stealing Deposits: Deposit Insurance, Risk-Taking and the Removal of Market Discipline in Early 20th Century Banks
(with Charles W. Calomiris)
Oct. 13 Ayse Sapci
Colgate University
Housing Wealth Reallocation between Subprime and Prime Borrowers during Recessions
(with Nam Vu)
Oct. 27 Radek Paluszynski
University of Houston
Learning about Debt Crises
Nov. 10 Daniela Scida
Federal Reserve Bank of Richmond
Structural VAR and Financial Networks: A Minimum Distance Approach to Spatial Modeling
Nov. 17 Rodolfo Manuelli
Washington University in St. Louis
Central Banking Without Fiscal Support: Honest (and Dishonest) Optimal Monetary Policy
Dec. 8 Pablo Guerron-Quintana
Boston College

Political Distribution Risk and Business Cycles
(with Thorsten Drautzburg and Jesus Fernandez-Villaverde)

Dec. 15 Sarah Zubairy
Texas A&M University
Homeownership and Housing Transitions: Explaining the Demographic Composition
(with Eunseong Ma)
2016 seminars
Date Speaker Presentation
Feb. 3 Clemens Sialm
University of Texas at Austin
Complex Mortgages
(with Gene Amromin, Jennifer Huang, and Edward Zhong)
Feb. 4 Mark Wright
Federal Reserve Bank of Chicago
Bad Investments and Missed Opportunities? Capital Flows to Asia and Latin America
(with Lee Ohanian and Paulina Restrepo-Echavarria)
March 3 Berthold Herrendorf
Arizona State University
Structural Transformation of Occupation Employment
(with Georg Duernecker)
March 15 Yunjong Eo
University of Sydney
Forecasting the Term Structure of Interest Rates with Potentially Misspecified Models
(with Kyu Ho Kang)
March 22 Cathy Zhang
Purdue University
Corporate Finance and Monetary Policy
(with Guillaume Rocheteau and Randall Wright)
March 24 Athanasios Orphanides
Massachusetts Institute of Technology
The Euro Area Crisis Five Years After the Original Sin
March 28 Georgios Georgiadis
European Central Bank
To Bi, or not to Bi? Differences in Spillover Estimates from Bilateral and Multilateral Multi-country Models
April 13 Bernabe Lopez-Martin
Bank of Mexico
The Blighted Youth: The Impact of Recessions and Policies on Life-Cycle Unemployment
(with Naoki Takayama)
April 28 Jae Won Lee
Seoul National University
Optimal Index versus Simple Index for Monetary Policy
(with Yeji Sung)
May 5 Saroj Bhattarai
University of Texas at Austin
Optimal Monetary Policy and Fiscal Policy at the Zero Lower Bound in a Small Open Economy
(with Konstantin Egorov)
May 11 Alex Hsu
Georgia Institute of Technology
Monetary Policy, Volatility Risk, and Return Predictability
May 19 Adrien Auclert
Princeton University
Inequality and Aggregate Demand
(with Matthew Rognlie)
May 25 Ricardo Fernholz
Claremont McKenna
Empirical Methods for Dynamic Power Law Distributions in the Social Sciences
June 7 Anand Srinivasan
National University of Singapore
Unintended Consequences of Government Bailouts: Evidence from Bank-Dependent Borrowers of Large Banks
(with Yupeng Lin and Xin Liu)
July 6 Rodrigo Sekkel
Federal Reserve Bank of Kansas City
The Real-Time Properties of the Bank of Canada's Staff Output Gap Estimates
July 18 Edward Nelson
University of Sydney
The Correlation between Money and Output in the United Kingdom: A Resolution of the Puzzle
Aug. 17 Jon Willis
Federal Reserve Bank of Kansas City
Can Machine-Learning Techniques Contribute to our Understanding of Labor Market Dynamics?
(with San Cannon, Nenad Jukic, Svetlozar Nestorov, and Abhishek Sharma)
Aug. 19 David Papell
University of Houston
Policy Rules and Economic Performance
(with Alex Nikolsko-Rzhevskyy)
Aug. 22 Karel Mertens
Cornell University
The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
(with Andrew Fieldhouse and Morten Ravn)
Aug. 30 Edward Herbst
Federal Reserve Board
The Empirical Implications of the Interest-Rate Lower Bound
(with Chris Gust, Matt Smith, and David Lopez-Salido)
Sept. 8 Lilia Maliar
University of Alicante and Stanford University
A Tractable Framework for Analyzing a Class of Nonstationary Markov Models (with Serguei Maliar, John Taylor, and Inna Tsener)
Sept. 19 Adam Kolasinski
Texam A&M
Managerial Myopia and the Mortgage Meltdown
(with Nan Yang)
Sept. 29 Roc Armenter
Federal Reserve Bank of Philadelphia
The Perils of Nominal Targets
October 5 Eric Van Wincoop
University of Virginia
What Can we Learn from Euro-Dollar Tweets?
(with Vahid Gholampour)
October 14 Christiane Baumeister
University of Notre Dame
Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks
(with James Hamilton)
October 20 George Alessandria
University of Rochester
The Dynamics of the U.S. Trade Balances and Real Exchange rate: The J Curve and Trade Costs?
(with Horag Choi)
October 28 Todd Walker
University of Indiana
Approximate Aggregation in Dynamic Economies
(with Karsten O. Chipeniuk and Nets Hawk Katz)
Nov. 18 Anna Kormilitsina
Southern Methodist University
Is Government Spending Predetermined? A Test of identification for Fiscal Policy Shocks
Dec. 9 Farid Farrokhi
Purdue University
Global Sourcing in Oil Markets
Dec. 16 Mark Agerton
Rice University
Anatomy of a Shale Boom: A Dynamic Equilibrium Model of Mineral Leasing and Drilling Decisions
2015 seminars
Date Speaker Presentation
Jan. 13 Zachary Stangebye
University of Pennsylvania
Dynamic Panics: Theory and Application to the Eurozone
Jan. 15 Ilaf Scheikh Elard
University of Oxford
Financial Openness and Interbank Market Crises
Jan. 20 Everett Grant
University of Virginia
Exposure to International Crises: Trade vs. Financial Contagion
Jan. 21 Aaron Flaaen
University of Michigan
Input Linkages and the Transmission of Shocks: Firm Level Evidence from the 2011 Tohoku Earthquake
Jan. 23 Regina Martinez
George Washington University
International Banking Flows and 'Bad' Credit Booms: Do Booms Go with the Flow?
Feb. 2 Nikhil Patel
Columbia University
Credit Constraints, Trade Finance and the Cost Channel of Monetary Policy in Open Economies
Feb. 6 Qingqing Cao
Princeton University
Optimal Fiscal and Monetary Policy with Collateral Constraints
Feb. 13 Pablo Cuba-Borda
University of Maryland
What Explains the Great Recession and the Slow Recovery?
March 5 Lutz Killian
University of Michigan
A General Approach to Recovering Market Expectations from Futures Prices With An Application to Crude Oil
March 27 Todd Walker
Indiana University
Approximate Aggregation in the Neoclassical Growth Model with Idiosyncratic Shocks
April 3 Giuseppe Moscarini
Yale University
Wage Posting and Business Cycles: A Quantitative Exploration
April 10 Guido Lorenzoni
Northwestern University
Slow Moving Debt Crises
April 17 Nicholas Sly
University of Oregon
Labor Market Effects of Offshoring Within and Across Firm Boundaries
May 1 Andrea Civelli
University of Arkansas
Globalization and Inflation: Evidence from a Time Varying VAR
May 11 Thomas Covert
University of Chicago, Booth School of Business
Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale
May 19 Ina Simonovska
University of California, Davis
The Risky Capital of Emerging Markets
May 28 Michael Klein
Tufts University
Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy
June 12 Batchimeg Sambalaibat
University of Oklahoma
A Theory of Liquidity Spillover Between Bond and CDS Markets
July 1 Hilde Bjornland
BI Norwegian Business School
Boom or Gloom: Examining the Dutch Disease in a Two-Speed Economy
Aug. 19 William Gavin
Federal Reserve Bank of St. Louis (retired)
The Commodity Futures Modernization Act of 2000 and Financial Crises
Sept. 17 Ariel Burstein
University of California, Los Angeles
Aggregate Implications of Innovation Policy
(with Andrew Atkeson)
Sept. 23 Stephen Quinn
Texas Christian University
Death of a Reserve Currency
(with William Roberds)
Sept. 29 Juergen von Hagen
University of Bonn
Governance of the Euro Area: Fiscal Union, Debt Union, Fiscal Freedom
Oct. 5 Stefan Zeume
University of Michigan
Corporate Tax Havens and Transparency
(with Morten Bennedsen)
Oct. 26 Ariel Weinberger
University of Oklahoma
Exporter Heterogeneity and Price Discrimination: A Quantitative View
Nov. 5 Thomas Holden
University of Surrey
Existence, Uniqueness and Computation of Solutions to DSGE Models with Occasionally Binding Constraints
Nov. 9 Ine Van Robays
European Central Bank
Oil Prices, Exchange Rates and Asset Prices
(with Marcel Fratzscher and Daniel Schneider)
Nov. 20 Andrei Levchenko
University of Michigan
TFP, News, and "Sentiments:" The International Transmission of Business Cycles
(with Nitya Pandalai-Nayar)
Dec. 1 Malory Vachon
Louisiana State University
The Impact of Local Labor Market Conditions on Migration: Evidence from the Bakken Oil Boom
Dec. 18 Erwan Quintin
University of Wisconsin
Limited Disclosure And Hidden Orders In Asset Markets
(with Cyril Monnet)
2014 seminars
Date Speaker Presentation
Jan. 13 Chiara Forlati
École Polytechnique Fédéerale de Lausanne
Mortgage Amortization and Welfare
(with Luisa Lambertini)
Jan. 15 Emir Malikov
SUNY Binghamton
Are All U.S. Credit Unions Alike
(with Diego A. Restrepo-Tobon and Subal C. Kumbhakar)
Jan. 17 Soojin Jo
Bank of Canada
The Effects of Oil Price Uncertainty on Global Real Economic Activity
Jan. 22 Jonathan Hoddenbagh
Boston College
The Optimal Design of a Fiscal Union
(with Mikhail Dmitriev)
Jan. 27 Julieta Yung
University of Notre Dame
Can Interest Rate Factors Explain Exchange Rates?
Jan. 28 Martin Stuermer
University of Bonn
150 Years of Boom and Bust: What Drives Mineral Commodity Prices?
Jan. 30 Lance Bachmeier
Kansas State University
Does the Stock Market React Slowly to Oil Price Shocks?
Jan. 31 Kimberly Berg
University of Notre Dame
The Choice of Exchange Rate Regime: A Welfare Based Analysis
Feb. 3 Mark Curtis
Georgia State University
Who Loses Under Power Plant Cap-and-Trade Programs?
Feb. 4 Raju Huidrom
University of Virginia
Credit Shocks and the U.S. Business Cycle: Is This Time Different?
Feb. 5 Felipe Benguria
University of Virginia
Production and Distribution in International Trade: Evidence from Matched Exporter-Importer Data
Feb. 6 Mikhail Dmitriev
Boston College
The Financial Accelerator and the Optimal Lending Contract
(with Jonathan Hoddenbagh)
Feb. 7 Burcu Cigerli
Centrica plc
An Imperfectly Competitive Model of the World Natural Gas Market
March 5 Mario Crucini
Vanderbilt University
Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns
March 11 Alexander Richter
Auburn University
Global Dynamics at the Zero Lower Bound
March 17 Frank Barry
Trinity College, Dublin
The Mechanics of Aggressive Tax Planning by U.S. Multinationals
March 28 Benjamin Keen
University of Oklahoma
The Stimulative Effect of Forward Guidance
April 7 Jing Cynthia Wu
University of Chicago, Booth
Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound
April 16 Olivier Coibion
University of Texas, Austin
Commodity Price Comovement and Global Economic Activity
(with Ron Alquist)
April 17 Zoltan Pozsar
Senior adviser at the U.S. Department of Treasury and visiting Scholar at the IMF
Shadow Banking: The Money View
May 9 Guillaume Vandenbroucke
University of Southern California
Dynamic Squeezing: Marriage and Fertility in France After World War One
(with John Knowles)
May 12 German Cubas
University of Houston
A Macroeconomic Analysis of Career Choice and Earnings Risk in the Labor Market
(with Pedro Silos)
May 19 Alvaro Aguirre
Central Bank of Chile
Welfare Effects of Structural Balance Fiscal Rules
May 23 Heiwai Tang
Johns Hopkins University
Domestic Value Added in Exports: Theory and Firm Evidence from China
(with Hiau Looi Kee)
June 20 Victor Valcarcel
Texas Tech University
A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions
June 23 Ippei Fujiwara
Keio University and Australian National University
Policy Regime Change Against Chronic Deflation? Policy Option Under a Long-term Liquidity Trap
(with Yoshiyuki Nakazono and Kozo Ueda)
June 24 Ronald Edwards
Tamkang University
Economic Revolution: Song China and England
July 7 David Gould
World Bank
Europe's Linkages with the World: Has EU Integration Been as Successful as Global Integration?
Sept. 5 Ruth Judson
Federal Reserve Board
Estimating Cross-Border Securities Positions: New Data and New Methods
(with Carol Bertaut)
Sept. 22 Manasa Patnam
CREST (ENSAE)
Estimating Fiscal Multipliers with Essential Heterogeneity
(with Emmanuoil Kitsios)
Oct. 2 Loris Rubini
Pontificia Universidad Catolica de Chile
Trade Costs and Markups
(with Alexander McQuoid)
Oct. 6 Nathaniel Throckmorton
College of William and Mary
The Consequences of an Unknown Debt Target
(with Alexander Richter)
Oct. 10 Saroj Bhattarai
University of Texas, Austin
Optimal Monetary and Fiscal Policy at the Zero Lower Bound in a Small Open Economy
Oct. 14 Elisa Keller
Durham University Business School
Gender and Occupational Outcome
Oct. 21 Mark Wohar
University of Nebraska Omaha
What Drives Commodity Returns? Market, Sector or Idiosyncratic Factors?
(with Jun Ma and Andrew Vivian)
Oct. 27 Ezra Oberfield
Princeton University
Micro Data and Macro Technology
(with Devesh Raval)
Nov. 3 CY Choi
University of Texas Arlington
The Role of Two Frictions in Geographic Price Dispersion: When Market Friction Meets Nominal Rigidity
Nov. 10 Lorenzo Caliendo
Yale University
The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
(with Fernando Parro, Esteban Rossi-Hansberg and Pierre-Daniel Sarte)
Nov. 12 Diego Vilan
University of Southern California
Demand Shocks and Endogenous Uncertainty
Nov. 14 Samuel Reynard
Swiss National Bank
QE Equivalence to Interest Rate Policy: Implications for Exit
Nov. 17 Daniel Sullivan
Federal Reserve Bank of Chicago
Estimating and Forecasting Trend Labor Force Participation
Nov. 17 Santiago Barraza
University of Arkansas
Financial Crisis and the Supply of Corporate Credit
(with Wayne Lee and Timothy Yeager)
Dec. 3 David Jacks
Simon Fraser University
From Boom to Bust: A Typology of Real Commodity Prices in the Long Run
2013 seminars
Date Speaker Presentation
Jan. 9 Danilo Trupkin
Universidad de Montevideo
The Role of Inventories and Capacity Utilization as Shock Absorbers
March 1 David Ling
University of Florida
Credit Availability and Asset Pricing in Illiquid Markets
March 29 Natalia Kovrijnykh
Arizona State University
Who Should Pay for Credit Ratings and How?
April 10 Anastasia Zervou
Texas A&M University
Firms’ Finance, Cyclical Sensitivity, and the Role of Monetary Policy
April 16 Colleen Baker
University of Notre Dame
The Federal Reserve as a Last Resort
Aug. 30 Yu Yuan
Shanghai Advanced Institute for Finance and Wharton Financial Institutions Center at the University of Pennsylvania
Global, Local, and Contagious Investor Sentiment” and “Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle
Oct. 10 Lutz Kilian
University of Michigan
The Role of Inventories and Speculative Trading in the Global Market for Crude Oil
(with Daniel P. Murphy)
Oct. 16 David Papell
University of Houston
(Taylor) Rules versus Discretion in U.S. Monetary Policy
Dec. 2 Stephen Terry
Stanford University
Really Uncertain Business Cycles