Third ECB Annual Research Conference

25 and 26 September 2018

Main Building, European Central Bank, Frankfurt am Main

Programme

Tuesday, 25 September 2018

8:30
Registration and coffee
9:00

Welcoming remarks

Luc Laeven, European Central Bank

 

Session I

Chair: Luc Laeven, European Central Bank

9:15

The cyclical sensitivity in estimates of potential output*

by Olivier Coibion, University of Texas, Austin, Yuriy Gorodnichenko, University of California, Berkeley, and Mauricio Ulate, University of California, Berkeley

Discussant: Michele Lenza, European Central Bank

10:15

Accounting for macro-finance trends: Market power, intangibles, and risk premia*

by Emmanuel Farhi, Harvard University, and François Gourio, Federal Reserve Bank of Chicago

Discussant: Jaume Ventura, CREI, Universitat Pompeu Fabra

11:15
Coffee break
11:45

The origins of firm heterogeneity: A production network approach

by Andrew Bernard, Dartmouth College, Emmanuel Dhyne, Nationale Bank van België/Banque Nationale de Belgique, Glenn Magerman, Université Libre de Bruxelles, Kalina Manova, University College London, and Andreas Moxnes, University of Oslo

Discussant: Julian di Giovanni, ICREA, Universitat Pompeu Fabra

12:45
Lunch
 

Session II

Chair: Massimo Rostagno, European Central Bank

14:00

Mortgage market design: Lessons from the Great Recession*

by Tomasz Piskorski, Columbia University, and Amit Seru, Stanford University

Discussant: Mariassunta Giannetti, Stockholm School of Economics

15:00
Coffee Break
15:20

The economics of the Fed put

by Anna Cieślak, Duke University, and Annette Vissing-Jørgensen, University of California, Berkeley

Discussant: Emanuel Mönch, Deutsche Bundesbank

16:20
Coffee break
 

Session III

Chair: Benoît Cœuré, member of the Executive Board, European Central Bank

16:45

Jean Monnet Lecture: The real-world economics of globalisation

Dani Rodrik, Harvard University

17:45

Adjourn

18:30

Conference dinner - by invitation only

Wednesday, 26 September 2018

8:30
Registration and coffee
 

Session IV

Chair: João Sousa, European Central Bank

9:00

How EU markets became more competitive than US markets: A study of institutional drift*

by Germán Gutiérrez, New York University, and Thomas Philippon, New York University

Discussant: Şebnem Kalemli-Özcan, University of Maryland

10:00
Coffee break
10:20

Saving the Heartland: Place-based policies in 21st century America*

by Benjamin Austin, Harvard University, Edward Glaeser, Harvard University, and Lawrence Summers, Harvard University

Discussant: Diego Puga, CEMFI

11:20
Coffee break
 

Session V

Chair: Frank Smets, European Central Bank

11:40

Deconstructing monetary policy surprises: The role of information shocks

by Peter Karadi, European Central Bank, and Marek Jarociński, European Central Bank

Discussant: Refet Gürkaynak, Bilkent University

12:40
Lunch
13:45

A macroeconomic model with financial panics

by Mark Gertler, New York University, Nobuhiro Kiyotaki, Princeton University, and Andrea Prestipino, Federal Reserve Board of Governors

Discussant: Veronica Guerrieri, University of Chicago

14:45

End of conference

Italics indicate the author presenting the relevant paper.
An asterisk indicates a paper written for the Brookings Papers on Economic Activity.

This programme may be subject to change without notice.

General information

Conference venue

European Central Bank
Main building, Conference Room C5.01, Grossmarkthalle
Sonnemannstrasse 20
60314 Frankfurt am Main

+49 69 1344 0
Fax: +49 69 1344 6000
info@ecb.europa.eu

Conference language

English

Transfers

Participants are requested to arrange their own transfers, unless indicated otherwise.

Organising committee

Luc Laeven, Bartosz Maćkowiak, Marie Hoerova, Alexander Popov and Sabine Wiedemann (all European Central Bank)
Janice Eberly (Brookings Institution)

Contact persons

Bartosz Maćkowiak
Directorate General Research, European Central Bank
+49 69 1344 5364
Bartosz.Mackowiak@ecb.europa.eu

Sabine Wiedemann
Directorate General Research, European Central Bank
+49 69 1344 6436
ARConference@ecb.europa.eu

Conference email Conference photos