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Fifth ECB Annual Research Conference

3 and 4 September 2020

Video conference

This is the fifth edition of the Annual Research Conference, the ECB’s flagship research event. Held this year as a video conference, the event features keynote lectures, on financial and monetary economics, as well as paper presentations from different fields of economics relevant for a central bank.



* An asterisk indicates the author presenting the relevant paper.

Thursday, 3 September 2020


Luc Laeven, Director General Research, European Central Bank


This time it's different: the role of women's employment in the Great Lockdown

  • Titan Alon, University of California San Diego
  • Matthias Doepke, Northwestern University
  • Jane Olmstead-Rumsey, Northwestern University
  • Michèle Tertilt*, University of Mannheim

Discussant: Luigi Guiso, Einaudi Institute for Economics and Finance


Robots, trade and luddism: a sufficient statistic approach to optimal technology regulation

  • Arnaud Costinot, Massachusetts Institute of Technology
  • Iván Werning*, Massachusetts Institute of Technology

Discussant: Jaume Ventura, Centre de Recerca en Economia Internacional


Keynote lecture ‒ Perspectives on the evolution of financial systems

David S. Scharfstein, Harvard University

Chair: Isabel Schnabel, Member of the Executive Board, European Central Bank


End of day one

Friday, 4 September 2020

COVID-19 and the macroeconomic effects of costly disasters

  • Sydney C. Ludvigson*, New York University
  • Sai Ma, Federal Reserve Board of Governors
  • Serena Ng, Columbia University

Discussant: Emanuel Moench, Deutsche Bundesbank


Shotgun weddings between fiscal and monetary policies

  • Marco Bassetto*, Federal Reserve Bank of Minneapolis
  • Thomas J. Sargent, New York University

Discussant: Christopher A. Sims, Princeton University


Jean Monnet Lecture ‒ Effective demand failures and the limits of monetary stabilisation policy during a pandemic

Michael Woodford, Columbia University

Chair: Philip R. Lane, Member of the Executive Board, European Central Bank


End of conference

This programme may be subject to change without notice.

General information

Organising committee

Luc Laeven, Marie Hoerova, Bartosz Maćkowiak, Alberto Martin, Alexander Popov (all European Central Bank)