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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 Alex Richter or Everett Grant at least 48 hours in advance. All attendees must show photo ID and go through security screening.

2018 Seminars

Date Speaker Presentation
January 16, 2018
10:30–11:45 a.m.
Cynthia Wu
University of Chicago, Booth
A Shadow Rate New Keynesian Model
(with Ji Zhang)
January 17, 2018
10:30–11:45 a.m.
Drew Creal
University of Chicago, Booth
Multihorizon Currency Returns and Purchasing Power Parity
(with Mikhail Chernov)
February 27, 2018
10:30–11:45 a.m.
Kris Mitchener
Santa Clara University
Network Contagion and Interbank Amplification during the Great Depression
(with Gary Richardson)
March 8, 2018
1:15–2:30 p.m.
Ryan Chahrour
Boston College
The International Medium of Exchange: Privilege and Duty
(with Rosen Valchev)
March 15, 2018
10:30–11:45 a.m.
Alireza Tahbaz-Salehi
Northwestern University
Information Revelation and Efficiency in Heterogeneous Markets
March 22, 2018
10:30–11:45 a.m.
Dmitriy Sergeyev
Bocconi University
Central Bank Balance Sheet Policies without Rational Expectations
(with Luigi Iovino)
March 29, 2018
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, 2018
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, 2018
10:30–11:45 a.m.
Lutz Kilian
University of Michigan
TBA
April 19, 2018
10:30–11:45 a.m.
Ben Johannsen
Federal Reserve Board
TBA
April 26, 2018
10:30–11:45 a.m.
Pablo Cuba-Borda
Board of Governors
TBA
May 1, 2018
10:30–11:45 a.m.
Jose Montiel Olea
Columbia University
TBA
May 3, 2018
10:30–11:45 a.m.
Yuriy Gorodnichenko
University of California, Berkeley
TBA
May 10, 2018
10:30–11:45 a.m.
Giorgio Primiceri
Northwestern University
TBA
May 17, 2018
10:30–11:45 a.m.
Latchezar Popov
Texas Tech University
Misallocation and Intersectoral Linkages
(with Sophie Osotimehin)
May 22, 2018
10:30–11:45 a.m.
Michel Robe
American University
TBA
May 31, 2018
10:30–11:45 a.m.
Annette Vissing-Jorgensen
University of California, Berkeley
TBA
June 7, 2018
10:30–11:45 a.m.
Boragan Aruoba
University of Maryland
TBA
August 30, 2018
10:30–11:45 a.m.
Eric Swanson
University of California, Irvine
TBA
September 6, 2018
10:30–11:45 a.m.
Alex Gelber
University of California, Berkeley
TBA
September 13, 2018
1:15–2:30 p.m.
Benjamin Born
University of Bonn
TBA
September 20, 2018
10:30–11:45 a.m.
Martin Uribe
Columbia University
TBA
September 27, 2018
10:30–11:45 a.m.
Nicolas Ziebarth
Auburn University
TBA
October 4, 2018
10:30–11:45 a.m.
Domenico Giannone
Federal Reserve Bank of New York
TBA
October 18, 2018
10:30–11:45 a.m.
Jennifer Hunt
Rutgers University
TBA
October 25, 2018
10:30–11:45 a.m.
Harald Uhlig
University of Chicago
TBA
November 15, 2018
1:15–2:30 p.m.
Johannes Wieland
University of California, San Diego
TBA
December 6, 2018
10:30–11:45 a.m.
Anna Orlik
Board of Governors
TBA

2017 Seminars

Date Speaker Presentation
February 24, 2017 Lorenzo Caliendo
Yale University
Productivity and Organization in Portuguese Firms
(with Giordano Mion, Luca David Opromolla, and Esteban Rossi-Hansberg)

March 10, 2017

Ben Johannsen
Board of Governors

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

March 17, 2017

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, 2017 Daniel Murphy
University of Virginia
Fiscal Stimulus, Interest Rates, and Inequality: A Global Perspective
(with Jorge Miranda-Pinto and Kieran Walsh)

April 7, 2017

Pietro Peretto
Duke University

Commodity Prices and Growth
(with Domenico Ferraro)

April 14, 2017

Ryan Kellogg
University of Chicago

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

May 5, 2017 Ricardo Reyes-Heroles
Board of Governors
Globalization and Structural Change in the United States: A Quantitative Assessment

May 12, 2017

Daniel Greenwald
Massachusetts Institute of Technology

The Mortgage Credit Channel of Macroeconomic Transmission

May 26, 2017

Jose Joaquin Lopez
University of Memphis

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

June 23, 2017 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, 2017 Anson Soderbery
Purdue University
Trade Elasticities, Heterogeneity, and Optimal Tariffs
July 7, 2017 Gil Sadka
University of Texas at Dallas

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

July 14, 2017 Eric Young
University of Virginia
Flexibility and Frictions in Multisector Models
(with Jorge Miranda-Pinto)
July 28, 2017

Ralf Meisenzahl
Board of Governors

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

August 11, 2017 Kim Ruhl
Penn State University
Offshore Profit Shifting and Domestic Productivity Measurement
(with Fatih Guvenen, Raymond Mataloni, and Dylan Rassier)
September 15, 2017 Andy Glover
University of Texas at Austin
Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound
September 22, 2017

Benjamin Bridgman
Bureau of Economic Analysis

Is Productivity on Vacation? The Impact of the Digital Economy on the Value of Leisure
September 29, 2017

Christian Matthes
Federal Reserve Bank of Richmond

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

October 6, 2017

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)
October 13, 2017 Ayse Sapci
Colgate University
Housing Wealth Reallocation between Subprime and Prime Borrowers during Recessions
(with Nam Vu)
October 27, 2017 Radek Paluszynski
University of Houston
Learning about Debt Crises
November 10, 2017 Daniela Scida
Federal Reserve Bank of Richmond
Structural VAR and Financial Networks: A Minimum Distance Approach to Spatial Modeling
November 17, 2017 Rodolfo Manuelli
Washington University in St. Louis
Central Banking Without Fiscal Support: Honest (and Dishonest) Optimal Monetary Policy
December 8, 2017 Pablo Guerron-Quintana
Boston College

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

December 15, 2017 Sarah Zubairy
Texas A&M University
Homeownership and Housing Transitions: Explaining the Demographic Composition
(with Eunseong Ma)

2016 Seminars

Date Speaker Presentation
February 3, 2016 Clemens Sialm
University of Texas at Austin
Complex Mortgages
(with Gene Amromin, Jennifer Huang, and Edward Zhong)
February 4, 2016 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, 2016 Berthold Herrendorf
Arizona State University
Structural Transformation of Occupation Employment
(with Georg Duernecker)
March 15, 2016 Yunjong Eo
University of Sydney
Forecasting the Term Structure of Interest Rates with Potentially Misspecified Models
(with Kyu Ho Kang)
March 22, 2016 Cathy Zhang
Purdue University
Corporate Finance and Monetary Policy
(with Guillaume Rocheteau and Randall Wright)
March 24, 2016 Athanasios Orphanides
Massachusetts Institute of Technology
The Euro Area Crisis Five Years After the Original Sin
March 28, 2016 Georgios Georgiadis
European Central Bank
To Bi, or not to Bi? Differences in Spillover Estimates from Bilateral and Multilateral Multi-country Models
April 13, 2016 Bernabe Lopez-Martin
Bank of Mexico
The Blighted Youth: The Impact of Recessions and Policies on Life-Cycle Unemployment
(with Naoki Takayama)
April 28, 2016 Jae Won Lee
Seoul National University
Optimal Index versus Simple Index for Monetary Policy
(with Yeji Sung)
May 5, 2016 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, 2016 Alex Hsu
Georgia Institute of Technology
Monetary Policy, Volatility Risk, and Return Predictability
May 19, 2016 Adrien Auclert
Princeton University
Inequality and Aggregate Demand
(with Matthew Rognlie)
May 25, 2016 Ricardo Fernholz
Claremont McKenna
Empirical Methods for Dynamic Power Law Distributions in the Social Sciences
June 7, 2016 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, 2016 Rodrigo Sekkel
Federal Reserve Bank of Kansas City
The Real-Time Properties of the Bank of Canada's Staff Output Gap Estimates
July 18, 2016 Edward Nelson
University of Sydney
The Correlation between Money and Output in the United Kingdom: A Resolution of the Puzzle
August 17, 2016 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)
August 19, 2016 David Papell
University of Houston
Policy Rules and Economic Performance
(with Alex Nikolsko-Rzhevskyy)
August 22, 2016 Karel Mertens
Cornell University
The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
(with Andrew Fieldhouse and Morten Ravn)
August 30, 2016 Edward Herbst
Federal Reserve Board
The Empirical Implications of the Interest-Rate Lower Bound
(with Chris Gust, Matt Smith, and David Lopez-Salido)
September 8, 2016 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)
September 19, 2016 Adam Kolasinski
Texam A&M
Managerial Myopia and the Mortgage Meltdown
(with Nan Yang)
September 29, 2016 Roc Armenter
Federal Reserve Bank of Philadelphia
The Perils of Nominal Targets
October 5, 2016 Eric Van Wincoop
University of Virginia
What Can we Learn from Euro-Dollar Tweets?
(with Vahid Gholampour)
October 14, 2016 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, 2016 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, 2016 Todd Walker
University of Indiana
Approximate Aggregation in Dynamic Economies
(with Karsten O. Chipeniuk and Nets Hawk Katz)
November 18, 2016 Anna Kormilitsina
Southern Methodist University
Is Government Spending Predetermined? A Test of identification for Fiscal Policy Shocks
December 9, 2016 Farid Farrokhi
Purdue University
Global Sourcing in Oil Markets
December 16, 2016 Mark Agerton
Rice University
Anatomy of a Shale Boom: A Dynamic Equilibrium Model of Mineral Leasing and Drilling Decisions

2015 Seminars

Date Speaker Presentation
January 13, 2015 Zachary Stangebye
University of Pennsylvania
Dynamic Panics: Theory and Application to the Eurozone
January 15, 2015 Ilaf Scheikh Elard
University of Oxford
Financial Openness and Interbank Market Crises
January 20, 2015 Everett Grant
University of Virginia
Exposure to International Crises: Trade vs. Financial Contagion
January 21, 2015 Aaron Flaaen
University of Michigan
Input Linkages and the Transmission of Shocks: Firm Level Evidence from the 2011 Tohoku Earthquake
January 23, 2015 Regina Martinez
George Washington University
International Banking Flows and 'Bad' Credit Booms: Do Booms Go with the Flow?
February 2, 2015 Nikhil Patel
Columbia University
Credit Constraints, Trade Finance and the Cost Channel of Monetary Policy in Open Economies
February 6, 2015 Qingqing Cao
Princeton University
Optimal Fiscal and Monetary Policy with Collateral Constraints
February 13, 2015 Pablo Cuba-Borda
University of Maryland
What Explains the Great Recession and the Slow Recovery?
March 5, 2015 Lutz Killian
University of Michigan
A General Approach to Recovering Market Expectations from Futures Prices With An Application to Crude Oil
March 27, 2015 Todd Walker
Indiana University
Approximate Aggregation in the Neoclassical Growth Model with Idiosyncratic Shocks
April 3, 2015 Giuseppe Moscarini
Yale University
Wage Posting and Business Cycles: A Quantitative Exploration
April 10, 2015 Guido Lorenzoni
Northwestern University
Slow Moving Debt Crises
April 17, 2015 Nicholas Sly
University of Oregon
Labor Market Effects of Offshoring Within and Across Firm Boundaries
May 1, 2015 Andrea Civelli
University of Arkansas
Globalization and Inflation: Evidence from a Time Varying VAR
May 11, 2015 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, 2015 Ina Simonovska
University of California, Davis
The Risky Capital of Emerging Markets
May 28, 2015 Michael Klein
Tufts University
Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy
June 12, 2015 Batchimeg Sambalaibat
University of Oklahoma
A Theory of Liquidity Spillover Between Bond and CDS Markets
July 1, 2015 Hilde Bjornland
BI Norwegian Business School
Boom or Gloom: Examining the Dutch Disease in a Two-Speed Economy
August 19, 2015 William Gavin
Federal Reserve Bank of St. Louis (retired)
The Commodity Futures Modernization Act of 2000 and Financial Crises
September 17, 2015 Ariel Burstein
University of California, Los Angeles
Aggregate Implications of Innovation Policy
(with Andrew Atkeson)
September 23, 2015 Stephen Quinn
Texas Christian University
Death of a Reserve Currency
(with William Roberds)
September 29, 2015 Juergen von Hagen
University of Bonn
Governance of the Euro Area: Fiscal Union, Debt Union, Fiscal Freedom
October 5, 2015 Stefan Zeume
University of Michigan
Corporate Tax Havens and Transparency
(with Morten Bennedsen)
October 26, 2015 Ariel Weinberger
University of Oklahoma
Exporter Heterogeneity and Price Discrimination: A Quantitative View
November 5, 2015 Thomas Holden
University of Surrey
Existence, Uniqueness and Computation of Solutions to DSGE Models with Occasionally Binding Constraints
November 9, 2015 Ine Van Robays
European Central Bank
Oil Prices, Exchange Rates and Asset Prices
(with Marcel Fratzscher and Daniel Schneider)
November 20, 2015 Andrei Levchenko
University of Michigan
TFP, News, and "Sentiments:" The International Transmission of Business Cycles
(with Nitya Pandalai-Nayar)
December 1, 2015 Malory Vachon
Louisiana State University
The Impact of Local Labor Market Conditions on Migration: Evidence from the Bakken Oil Boom
December 18, 2015 Erwan Quintin
University of Wisconsin
Limited Disclosure And Hidden Orders In Asset Markets
(with Cyril Monnet)

2014 Seminars

Date Speaker Presentation
January 13, 2014 Chiara Forlati
École Polytechnique Fédéerale de Lausanne
Mortgage Amortization and Welfare
(with Luisa Lambertini)
January 15, 2014 Emir Malikov
SUNY Binghamton
Are All U.S. Credit Unions Alike
(with Diego A. Restrepo-Tobon and Subal C. Kumbhakar)
January 17, 2014 Soojin Jo
Bank of Canada
The Effects of Oil Price Uncertainty on Global Real Economic Activity
January 22, 2014 Jonathan Hoddenbagh
Boston College
The Optimal Design of a Fiscal Union
(with Mikhail Dmitriev)
January 27, 2014 Julieta Yung
University of Notre Dame
Can Interest Rate Factors Explain Exchange Rates?
January 28, 2014 Martin Stuermer
University of Bonn
150 Years of Boom and Bust: What Drives Mineral Commodity Prices?
January 30, 2014 Lance Bachmeier
Kansas State University
Does the Stock Market React Slowly to Oil Price Shocks?
January 31, 2014 Kimberly Berg
University of Notre Dame
The Choice of Exchange Rate Regime: A Welfare Based Analysis
February 3, 2014 Mark Curtis
Georgia State University
Who Loses Under Power Plant Cap-and-Trade Programs?
February 4, 2014 Raju Huidrom
University of Virginia
Credit Shocks and the U.S. Business Cycle: Is This Time Different?
February 5, 2014 Felipe Benguria
University of Virginia
Production and Distribution in International Trade: Evidence from Matched Exporter-Importer Data
February 6, 2014 Mikhail Dmitriev
Boston College
The Financial Accelerator and the Optimal Lending Contract
(with Jonathan Hoddenbagh)
February 7, 2014 Burcu Cigerli
Centrica plc
An Imperfectly Competitive Model of the World Natural Gas Market
March 5, 2014 Mario Crucini
Vanderbilt University
Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns
March 11, 2014 Alexander Richter
Auburn University
Global Dynamics at the Zero Lower Bound
March 17, 2014 Frank Barry
Trinity College, Dublin
The Mechanics of Aggressive Tax Planning by U.S. Multinationals
March 28, 2014 Benjamin Keen
University of Oklahoma
The Stimulative Effect of Forward Guidance
April 7, 2014 Jing Cynthia Wu
University of Chicago, Booth
Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound
April 16, 2014 Olivier Coibion
University of Texas, Austin
Commodity Price Comovement and Global Economic Activity
(with Ron Alquist)
April 17, 2014 Zoltan Pozsar
Senior adviser at the U.S. Department of Treasury and visiting Scholar at the IMF
Shadow Banking: The Money View
May 9, 2014 Guillaume Vandenbroucke
University of Southern California
Dynamic Squeezing: Marriage and Fertility in France After World War One
(with John Knowles)
May 12, 2014 German Cubas
University of Houston
A Macroeconomic Analysis of Career Choice and Earnings Risk in the Labor Market
(with Pedro Silos)
May 19, 2014 Alvaro Aguirre
Central Bank of Chile
Welfare Effects of Structural Balance Fiscal Rules
May 23, 2014 Heiwai Tang
Johns Hopkins University
Domestic Value Added in Exports: Theory and Firm Evidence from China
(with Hiau Looi Kee)
June 20, 2014 Victor Valcarcel
Texas Tech University
A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions
June 23, 2014 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, 2014 Ronald Edwards
Tamkang University
Economic Revolution: Song China and England
July 7, 2014 David Gould
World Bank
Europe's Linkages with the World: Has EU Integration Been as Successful as Global Integration?
September 5, 2014 Ruth Judson
Federal Reserve Board of Governors
Estimating Cross-Border Securities Positions: New Data and New Methods
(with Carol Bertaut)
September 22, 2014 Manasa Patnam
CREST (ENSAE)
Estimating Fiscal Multipliers with Essential Heterogeneity
(with Emmanuoil Kitsios)
October 2, 2014 Loris Rubini
Pontificia Universidad Catolica de Chile
Trade Costs and Markups
(with Alexander McQuoid)
October 6, 2014 Nathaniel Throckmorton
College of William and Mary
The Consequences of an Unknown Debt Target
(with Alexander Richter)
October 10, 2014 Saroj Bhattarai
University of Texas, Austin
Optimal Monetary and Fiscal Policy at the Zero Lower Bound in a Small Open Economy
October 14, 2014 Elisa Keller
Durham University Business School
Gender and Occupational Outcome
October 21, 2014 Mark Wohar
University of Nebraska Omaha
What Drives Commodity Returns? Market, Sector or Idiosyncratic Factors?
(with Jun Ma and Andrew Vivian)
October 27, 2014 Ezra Oberfield
Princeton University
Micro Data and Macro Technology
(with Devesh Raval)
November 3, 2014 CY Choi
University of Texas Arlington
The Role of Two Frictions in Geographic Price Dispersion: When Market Friction Meets Nominal Rigidity
November 10, 2014 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)
November 12, 2014 Diego Vilan
University of Southern California
Demand Shocks and Endogenous Uncertainty
November 14, 2014 Samuel Reynard
Swiss National Bank
QE Equivalence to Interest Rate Policy: Implications for Exit
November 17, 2014 Daniel Sullivan
Federal Reserve Bank of Chicago
Estimating and Forecasting Trend Labor Force Participation
November 17, 2014 Santiago Barraza
University of Arkansas
Financial Crisis and the Supply of Corporate Credit
(with Wayne Lee and Timothy Yeager)
December 3, 2014 David Jacks
Simon Fraser University
From Boom to Bust: A Typology of Real Commodity Prices in the Long Run

2013 Seminars

Date Speaker Presentation
January 9, 2013 Danilo Trupkin
Universidad de Montevideo
The Role of Inventories and Capacity Utilization as Shock Absorbers
March 1, 2013 David Ling
University of Florida
Credit Availability and Asset Pricing in Illiquid Markets
March 29, 2013 Natalia Kovrijnykh
Arizona State University
Who Should Pay for Credit Ratings and How?
April 10, 2013 Anastasia Zervou
Texas A&M University
Firms’ Finance, Cyclical Sensitivity, and the Role of Monetary Policy
April 16, 2013 Colleen Baker
University of Notre Dame
The Federal Reserve as a Last Resort
August 30, 2013 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
October 10, 2013 Lutz Kilian
University of Michigan
The Role of Inventories and Speculative Trading in the Global Market for Crude Oil
(with Daniel P. Murphy)
October 16, 2013 David Papell
University of Houston
(Taylor) Rules versus Discretion in U.S. Monetary Policy
December 2, 2013 Stephen Terry
Stanford University
Really Uncertain Business Cycles