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ECB/CEPR WE_ARE_IN

Macroeconomics and finance conference

Thursday, 4 and Friday, 5 November 2021
Online event

We bring together female experts to present and discuss new research on macroeconomics and finance of particular interest to central banks.

Special focus on:

  • monetary policy
  • financial stability
  • international finance

WE_ARE_IN stands for Women in Economics: Advancing Research in Economics Internationally.
It brings together two initiatives the european WE_ARE and the american WiM.

WiM is an annual conference that features the work of Women in Macro and creates opportunities to strengthen their research and build their network.

Programme

Times are Central European Time (UTC+1)
* indicates the presenter

Thursday, 4 November 2021
13:55

Welcome

Hélène Rey, London Business School and CEPR

14:00

Opening remarks

Christine Lagarde, President, European Central Bank

14:15

Session 1: Macroeconomics

Chair: Silvana Tenreyro, London School of Economics and CEPR

 

Measuring TFP: The Role of Profits, Adjustment Costs, and Capacity Utilization

  • Diego Comin, Dartmouth and CEPR
  • Javier Quintana, Banco de España
  • Tom Schmitz, Bocconi University and CEPR
  • Antonella Trigari*, Bocconi University and CEPR

Discussant: Ozge Akinci, Federal Reserve Bank of New York and CEPR

 

Falling Interest Rates and Misallocation: Lessons from General Equilibrium

  • Vladimir Asriyan, CREI, Universitat Pompeu Fabra, Barcelona School of Economics and CEPR
  • Luc Laeven, European Central Bank
  • Alberto Martin, CREI, Universitat Pompeu Fabra, Barcelona School of Economics and CEPR
  • Alejandro Van der Ghote, European Central Bank
  • Victoria Vanasco*, CREI, UPF, Barcelona GSE and CEPR

Discussant: Isabel Correia, Católica Lisbon School of Business and Economics and CEPR

16:15
Break
16:45

Session 2: International finance

Chair: Isabel Vansteenkiste, European Central Bank

 

Capital Flows in Risky Times: Risk-On/Risk-Off and Emerging Market Tail Risk

  • Anusha Chari*, University of North Carolina at Chapel Hill and CEPR
  • Karlye Dilts Stedman, Federal Reserve Bank of Kansas City
  • Christian Lundblad, University of North Carolina at Chapel Hill

Discussant: Kathy Yuan, London School of Economics and CEPR

 

A Fundamental Connection: Exchange Rates and Macroeconomic Expectations

  • Vania Stavrakeva*, London Business School and CEPR
  • Jenny Tang, Federal Reserve Bank of Boston

Discussant: Liliana Varela, London School of Economics and CEPR

18:45
Break
19:15

Policy panel - Rebuilding after COVID: Central banking in support of society and a new social contract

Moderator: Stephanie Flanders, Bloomberg

Panellists:

  • Carmen Reinhart, World Bank, Harvard Kennedy School and CEPR
  • Isabel Schnabel, European Central Bank and CEPR
  • Minouche Shafik, London School of Economics and CEPR
20:30

End of first day

Friday, 5 November 2021
14:10

Welcome

Luc Laeven, European Central Bank

14:15

Session 3: Monetary policy transmission and redistribution

Chair: Anna Kovner, Federal Reserve Bank of New York

 

Monetary Policy and Racial Inequality

  • Alina Bartscher*, Danmarks Nationalbank
  • Moritz Kuhn, University of Bonn and CEPR
  • Moritz Schularick, Federal Reserve Bank of New York, University of Bonn and CEPR
  • Paul Wachtel, New York University Stern School of Business

Discussant: Anna Rogantini Picco, Sveriges Riksbank

 

Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms

  • Cecilia Caglio, Board of Governors of the Federal Reserve System
  • R. Matthew Darst, Board of Governors of the Federal Reserve System
  • Şebnem Kalemli-Özcan*, University of Maryland and CEPR

Discussant: Mariassunta Giannetti, Stockholm School of Economics and CEPR

 

Monetary Policy, Labor Income Redistribution and the Credit Channel: Evidence from Matched Employer-Employee and Credit Registers

  • Martina Jasova*, Barnard College, Columbia University
  • Caterina Mendicino, European Central Bank
  • Ettore Panetti, Banco de Portugal, UECE-REM and SUERF
  • José-Luis Peydró, Imperial College London, Universitat Pompeu Fabra, CREI, Barcelona School of Economics and CEPR
  • Dominik Supera, Wharton School, University of Pennsylvania

Discussant: Claudia Ruiz Ortega, World Bank

17:15
Break
17:45

Session 4: Central banking

Chair: Caterina Mendicino, European Central Bank

 

Words Speak as Loudly as Actions: Central Bank Communication and the Response of Equity Prices to Macroeconomic Announcements

  • Ben Gardner, Board of Governors of the Federal Reserve System
  • Chiara Scotti*, Board of Governors of the Federal Reserve System
  • Clara Vega, Board of Governors of the Federal Reserve System

Discussant: Silvia Miranda-Agrippino, Bank of England and CEPR

 

How unconventional is green monetary policy?

  • Melina Papoutsi, European Central Bank
  • Monika Piazzesi*, Stanford University and CEPR
  • Martin Schneider, Stanford University

Discussant: Hélène Rey, London Business School and CEPR

19:45
End of conference

Please note that this programme may be subject to change without notice.

Audiovisual notice: Images and video recordings may be published online.

Conference organisers

  • Caterina Mendicino, European Central Bank
  • Hélène Rey, London Business School and CEPR

WE_ARE_IN Committee

  • Marina Azzimonti, Stony Brook University and CEPR
  • Alessandra Fogli, Federal Reserve Bank of Minneapolis and CEPR
  • Veronica Guerrieri, Chicago Booth School of Business and CEPR
  • Caterina Mendicino, European Central Bank
  • Hélène Rey, London Business School and CEPR