Program 2023
Sessions Matrix
| Day 1 | Room 5.012  |
Room 5.018 |
Room 5.024 |
Room 3.014 |
|---|---|---|---|---|
| Sessions A : 9:00-10:30 | Business Cycles I | Firms I | International Economics I | Monetary Policy I |
| Sessions B : 10:50-12:20 | Young Economists Session | Business Cycles II | Labour I | Heterogeneity I |
| Sessions C : 13:20-14:50 | Firm’s Heterogeneity | Methods | Monetary Policy II | International Economics II |
| Sessions D : 15:10-16:40 | The Return of Inflation | Climate I | Other | Firms II |
| Sessions E : 17:00-18:30 | Inflation | Financial Macroeconomics | Labour II | Climate II |
| Day 2 | Room 5.012 |
Room 5.018 |
Room 5.024 |
Room 3.014 |
|---|---|---|---|---|
| Sessions F : 10:50-12:20 | Climate & Macroeconomics | Business Cycles III | International Economics III | Monetary Policy III |
| Sessions G : 13:20-14:50 | Energy Transition and Growth | Heterogeneity III | Labour III | International Economics IV |
| Sessions H : 15:10-16:40 | Exchange rate and capital flow policies with incomplete markets | Heterogeneity II | Fiscal Policy | Inflation II |
| Sessions I : 17:00-18:30 | Fiscal Policy II | Financial Macroeconomics II | International Economics V | Monetary Policy IV |
Sessions List
Parallel Sessions A
Session chair: Johannes Boehm
- The Ends of 27 Big Depressions by Martin Ellison
- The Trilemma for Low Interest Rate Macroeconomics by Jean-Baptiste Michau
- Health and Business Cycles in General Equilibrium by Alexey Khazanov
- Implementing Helicopter Money with Negative Interest Rates: Evidence from a Randomized Experiment by Johannes Boehm
Session chair: Sophie Piton
- Flexible Capital User Costs and Investment Dynamics with Non-Convex Adjustment Costs by Eugene Tan
- When should we tax firms? Optimal corporate taxation with firm heterogeneity by Alaïs Martin-Baillon
- Persistent Debt and Business Cycles in an Economy with Production Heterogeneity by Soyoung Lee
- Business creation during COVID-19 by Sophie Piton
Session chair: Pierre De Leo
- Global Portfolios, Exchange Rates, and Monetary Policy by Alejandro Van der Ghote
- Capital Flows and Exchange Rates: A Quantitative Assessment of the Dilemma Hypothesis by Shangshang Li
- The Risk of Inflation Dispersion in the Euro Area by Fabien Tripier
- Learning from Exchange Rates and Foreign Exchange Interventions by Pierre De Leo
Session chair: Christophe Blot
- Systematic Monetary Policy and the Effects of Government Spending by Klodiana Istrefi
- Effects and Spillovers of ECB Conventional and Unconventional Monetary Policy by Daniele Siena
- Costs of Leaning against the Wind: Evidence from High-Frequency Identification by Larissa Schwaller
- The puzzling effects of dissent in monetary policy committee by Christophe Blot
Parallel Sessions B
Special session organized by Isabelle Méjean and sponsored by OFCE
- The Price of Stability: Volatility and the Rise in Markups during the Great Moderation by Giovanni Rizzi
- The Effects of the Legal Minimum Working Time on Workers, Firms and the Labor Market by Pauline Carry
- Shopping, Demand Composition, and Equilibrium Prices by Lukas Nord
Session chair: Margaret Davenport
- Time Use and Macroeconomic Uncertainty by Daniela Hauser
- Disentangling the directions of technical change: a new growth accounting method by Emilien Ravigné
- Capital Gains Taxation, Learning and Bubbles by Pau Belda
- Granular Expectation Shocks and Financial Contagion by Margaret Davenport
Session chair: Alex Clymo
- Self-Insurance and Welfare in Turbulent Labor Markets by Alireza Sepahsalari
- The Dark Shadow of LaborMarket Reforms in the Open Economy by Brigitte Hochmuth
- A Quantitative Theory of the New Life Cycle of Women’s Employment by Lidia Cruces
- Job Mobility and Unemployment Risk by Alex Clymo
Session chair: Kai Arvai
- Consumption Choices and Earnings Expectations: Empirical Evidence and Structural Estimation by Arne Uhlendorff
- No taxation without reallocation: the distributional effects of tax changes by Stephanie Ettmeier
- Sectoral Exposure to Aggregate Fluctuations, Employment Risk and Monetary Policy by Uros Herman
- Consumption Inequality in the Digital Age by Kai Arvai
Parallel Sessions C
Special session organized by Lorenza Rossi
- Firm Heterogeneity, Capital Misallocation and Optimal Monetary Policy by Dominik Thaler
- Firm Heterogeneity, Market Power and Macroeconomic Fragility by Alessandro Ferrari
- Labour Share Decline and Productivity Slowdown: A Micro-Macro Analysis of the Spain Economy by Lorenza Rossi
- Corporate Debt Maturity Matters For Monetary Policy by Matthias Meier
Session chair: Matthias Rottner
- State Reduction and Second-order Perturbations of Heterogeneous Agent Models by Michael Reiter
- Existence and Uniqueness of Recursive Equilibria with Aggregate and Idiosyncratic Risk by Elisabeth Proehl
- Indirect Inference: A Local Projection Approach by Juan Castellanos
- Estimating Nonlinear Heterogeneous Agents Models with Neural Networks by Matthias Rottner
Session chair: Alberto Polo
- Monetary Asymmetries (with and) without Price Stickiness by Ivan Jaccard
- Monetary Policy Transmission and the Role of High-Quality Liquid Assets by Juan Daniel Hernández
- Firm Financial Conditions and the Transmission of Monetary Policy by Daniel Ostry
- Imperfect Pass-Through to Deposit Rates and Monetary Policy Transmission by Alberto Polo
Session chair: Nuno Coimbra
- Dollar Debt and the Global Financial Cycle by Paul Fontanier
- Financial Integration and International Comovement -- The Terms of Trade Channel by Johanna Krenz
- Privilege Lost? The Rise and Fall of a Dominant Global Currency by Nuno Coimbra
Parallel Sessions D
Special session organized by Sarah Mouabbi and sponsored by Banque de France
- The Fiscal Consequences of Missing an Inflation Target by Michele Andreolli
- Household beliefs about fiscal dominance by Eric Mengus
- Quantifying the Inflationary Impact of Fiscal Stimulus Under Supply Constraints by Sebnem Kalemli-Ozcan
- A Fiscal Theory of Trend Inflation by Renato Faccini
Session chair: Anne Ernst
- Carbon taxation and precautionary savings by Stefan Wöhrmüller
- The Distributional Costs of Net-Zero: A Heterogeneous Agent Perspective by Ghassane Benmir
- The Macroeconomic and Redistributive Effects of Shielding Consumers from Rising Energy Prices: the French Experiment by Selma Malmberg
- Climate Clubbing, Trade and the Natural Interest Rate by Anne Ernst
Session chair: Raphael Abiry
- Structural Change, Land Use and Urban Expansion by Nicolas Coeurdacier
- Aging Population and Technology Adoption by Daniele Angelini
- Demographic Change and Secular Trends in Interest Rates and Risk Premia by Raphael Abiry
Session chair: Marco Membretti
- Optimal inflation with firm-level shocks by Henning Weber
- A Model of Zombie Firms and the Perils of Negative Real Interest Rates by Guillaume Rocheteau
- Entry cost shocks and the firm size distribution by Marco Membretti
Parallel Sessions E
Session chair: Anastasiia Antonova
- Energy Price Shocks, Unemployment Risk, and Monetary Policy by Nicolo' Gnocato
- Redistribution and the wage-price dynamics: Optimal fiscal and monetary policy by Xavier Ragot
- Aggregate Implications of Heterogeneous Inflation Expectations: The Role of Individual Experience by Esteban Verdugo
- State-dependent pricing and cost-push inflation in a production network economy by Anastasiia Antonova
Session chair: Maurice Hofmann
- Relationship Lending and Monetary Policy Pass-Through by Pierre Dubuis
- Unemployment Insurance and Macro-Financial (In)Stability by Burhan Kuruscu
- Rational Overoptimism and Limited Liability by Luca Gemmi
- Optimal Income Taxation with Housing and Leveraged Financial Investment along the Transition Path by Maurice Hofmann
Session chair: Johannes Gönnsch
- The Network Origin of Slow Labor Reallocation by Leonard Bocquet
- The Nash Wage Elasticity and its Business Cycle Implications by Matthew Knowles
- The Quality-Adjusted Cyclical Price of Labor by Marianna Kudlyak
- Wage Bargaining and Labor Market Policy with Biased Expectations by Johannes Gönnsch
Session chair: Matthias Kaldorf
- Climate Policies, Macroprudential Regulation, and the Welfare Cost of Business Cycles by Francesca Diluiso
- Decomposing the Inflation Response to Natural Disasters by Paul Vertier
- Does Monetary Policy Shape Oil Shocks’ Effects? by Dmitriy Sergeyev
- Climate Change and the Macroeconomics of Bank Capital Regulation by Matthias Kaldorf
Parallel Sessions F
Special session organized by Fanny Henriet
- Carbon taxation and income distribution: Importance of nonlinear Engel curves by Armon Rezaï
- Fiscal Policy and Climate Change by Aurélien Saussay
- The Macroeconomic Consequences of the Energy Transition: the Role of Capital Stocks and Rigidities by Noëmie Lisack
Session chair: Marlène Isoré
- Nonlinearities with de-anchored inflation expectations by Stefano Fasani
- Business Cycles, Uncertain Growth and the Distribution of Production by Aubhik Khan
- Corporate Taxes, Productivity, and Business Dynamism by Andrea Colciago
- Markup Cyclicality: Extreme Value Theory within a Macroeconomic Framework by Marlène Isoré
Session chair: Michael Kumhof
- Monetary Policy in a Dollarized Economy by Sébastien Lotz
- Helicopter drops in open economy when markets are incomplete by Sara Eugeni
- CBDC Policies in Open Economies by Michael Kumhof
Session chair: Antoine Camous
- Gibson’s Paradox and the Natural Rate of Interest by Luca Benati
- New Principles For Stabilization Policy by Olivier Loisel
- Transaction value and money by Alessandro Gioffré
- Mumbling Monetary Theory by Antoine Camous
Parallel Sessions G
Special session organized by Antonia Diaz and sponsored by CEPREMAP
- Vintage Capital Investment and Aggregate Energy Use Fluctuations by Luis Puch
- Renewable Technology Adoption Costs and Economic Growth by Bernardino Adao
- The green metamorphosis of a small open economy by Hernan Seoane
Session chair: Vedanta Dhamija
- A HANK Model with Monetary Search Frictions by Joël Marbet
- Monetary Policy, Firm Heterogeneity, and the Distribution of Investment Rates by Matthias Gnewuch
- Asset Supply and Liquidity Transformation in HANK by Piotr Zoch
- Dual Mandate in THANK: Case for price-level targeting by Vedanta Dhamija
Session chair: Normann Rion
- On-job search and wage growth by Mykhailo Matvieiev
- Understanding Cross-country Differences in Health Status and Expenditures: Health Prices Matter by Thepthida Sopraseuth
- Do Firing Costs Change Wages of Low and High Educated Workers Differently? by Jhon Jair Gonzalez Pulgarin
- Fluctuations in a Dual Labor Market by Normann Rion
Session chair: Francesco Pappada
- Demand learning, customer capital, and exporter dynamics by Nicholas Kozeniauskas
- Why does risk matter more in recessions than in expansions? by Giovanni Caggiano
- The Causal Effects of Global Supply Chain Disruption on Macroeconomic Outcomes: Theory and Evidence by Yiliang Li
- Optimal Monetary Policy, Tariff Shocks and Exporter Dynamics by Francesco Pappada
Parallel Sessions H
Special session organized by Kenza Benhima
- Optimal Exchange Rate Policy by Dmitry Mukhin
- Foreign Exchange Intervention with UIP and CIP Deviations: The Case of Small Safe Haven Economies by Kenza Benhima
- Monetary Policy, Capital Controls, and International Portfolios by Sebastian Fanelli
- Capital flows and monetary policy trade-offs in emerging market economies by Paolo Cavalino
Session chair: Jonna Olsson
- Heterogeneity in MPCs Beyond Liquidity Constraints: The Role of Persistent Earnings by Jeanne Commault
- Make-Up Strategies with Incomplete Markets and Bounded Rationality by Joost Roettger
- The Composition and Distribution of Wealth and Aggregate Consumption Dynamics by Baxter Robinson
- Subjective Life Expectancies, Time Preference Heterogeneity, and Wealth Inequality by Jonna Olsson
Session chair: Youngsoo Jang
- Government Debt Management and Inflation with Real and Nominal Bonds by Vytautas Valaitis
- Debt crises, fast and slow by Seung Hyun Maeng
- Optimal Public Debt with Labor-Market Frictions by Caio Bloise
- On the Time Consistency of Universal Basic Income by Youngsoo Jang
Session chair: Gabriel Züllig
- Inflation Persistence, Noisy Information, and the Phillips Curve by José-Elías Gallegos
- Shock Transmissions in Different Inflation Regimes by Zeno Enders
- Low Passthrough from Inflation Expectations to Income Growth Expectations: Why People Dislike Inflation by Ina Hajdini
- Consumer memory, inflation expectations and the interpretation of shocks by Gabriel Züllig
Parallel Sessions I
Session chair: Daniel Murphy
- Estimating the Effects of Government Spending Through the Production Network by Matteo Cacciatore
- For whom the bill tolls: redistributive consequences of the pandemic policy mix by Michał Brzoza-Brzezina
- The Importance of Modeling Income Taxes over Time: U.S. Reforms and Outcomes by Nicolo Russo
- Demand Stimulus as Social Policy by Daniel Murphy
Session chair: Valere Fourel
- From Sovereign to Corporate Risk: The Driving Role of Financial Uncertainty by Inès Mourelon
- Macro-Financial Trends in a Model with Concentrated Ownership of Capital by Francesco Saverio Gaudio
- Announcement and Implementation Effects of Central Bank Asset Purchases by Antonio Conti
- The impact of the PEPP on the corporate commercial paper market by Valere Fourel
Session chair: Andreas Westermark
- The Origins of Commodity Price Fluctuations by Sarah Mouabbi
- International Trade and Macroeconomic Dynamics with Sanctions by Galip Kemal Ozhan
- Dynamic macroeconomic implications of migration by Andreas Westermark