Navigation Path: Home > Events > Conferences & seminars > International Research Forum on Monetary Policy - Sixth Conference
To be held at the Federal Reserve Board in Washington, D.C.
The conference is co-organised with the Board of Governors of the Federal Reserve (FED), the Center for Financial Studies (CFS) and the Center for German and European Studies (CGES).
International Research Forum on Monetary Policy, IRFMP
| 8.45 a.m. | Welcoming Remarks (following continental breakfast) Nathan Sheets, Director, Division of International Finance |
| Session I Chair: Günter Coenen, European Central Bank |
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| 9.10 a.m. | The High Sensitivity of Economic Activity to Financial Frictions
download Robert Hall (Stanford) Discussant: Matteo Iacoviello (Board) |
| 10.00 a.m. | Coffee Break |
| 10.30 a.m. | Conventional and Unconventional Monetary Policy
download Vasco Curdia (FRB-NY) and Michael Woodford (Columbia) Discussant: Oreste Tristani (ECB) |
| 11.30 a.m. | Trusting the Bankers: A New Look at the Credit Channel of Monetary Policy
download Matteo Ciccarelli (ECB), Angela Maddaloni (ECB), and Jose-Luis Peydro (ECB) Discussant: Benoit Mojon (Banque de France) |
| 12.30 p.m. | Lunch Break |
| Session II
Chair: David Reifschneider, Federal Reserve Board | |
| 1.30 p.m. | The Return of the Wage Phillips Curve
download Jordi Gali (CREI) Discussant: David Lopez-Salido (Board) |
| 2.30 p.m. | The Cyclical Behavior of the Price-Cost Markup
download Chris Nekarda (Board) and Valerie Ramey (UCSD) Discussant: Raf Wouters (National Bank of Belgium) |
| 3.30 p.m. | Coffee Break |
| 4.00 p.m. | Panel Discussion: Structural Economic Modelling: Is it Useful in the Policy Process? Steven Kamin, Federal Reserve Board (moderator) Olivier Blanchard, Chief Economist, International Monetary Fund James Bullard, President, Federal Reserve Bank of St. Louis Lucas Papademos, Vice President, European Central Bank |
| 5.30 p.m. | Reception |
| 6.00 p.m. | Dinner and Keynote Speech Daniel Tarullo, Governor, Federal Reserve Board |
| 7.45 a.m. | Continental Breakfast |
| Session III
Chair: Matthew Canzoneri, Georgetown University | |
| 8.45 a.m. |
The Heterogenous Expectations Hypothesis: Some Evidence from the Lab
download Cars Hommes (Amsterdam) Discussant: Jasmina Arifovic (Simon Fraser) |
| 9.45 a.m. | The Role of Diverse Beliefs in Asset Pricing and Equity Premia
download Mordecai Kurz (Stanford) and Maurizio Motolese (Milan) Discussant: Lawrence Blume (Cornell) |
| 10.45 a.m. | Coffee Break |
| 11.15 a.m. | Demand Imbalances, Exchange Rate Misalignment, and Monetary Policy
download Giancarlo Corsetti (EUI), Luca Dedola (ECB), and Sylvain LeDuc (FRB-SF) Discussant: Charles Engel (Wisconsin) |
| 12.15 p.m. | Lunch and Keynote Speech Athanasios Orphanides, Governor, Central Bank of Cyprus |
| Session IV
Chair: William English, Federal Reserve Board | |
| 1.30 p.m. |
Fire Sales in a Model of Complexity
download Ricardo Caballero (MIT) and Alp Simsek (MIT) Discussant: Tobias Adrian (FRB-NY) |
| 2.30 p.m. | The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking over the Business Cycle
download Viral Acharya (NYU-Stern) and Hassan Naqvi (Singapore) Discussant: Ignazio Angeloni (ECB) |
