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Seminar Series

The Research Division of the Federal Reserve Bank of St. Louis is sponsoring a Seminar Series on a wide variety of economic topics. Economists from across the country and around the world are invited to participate.

Unless otherwise noted, seminars will be held in the "Ted Balbach Conference Room" (formerly Research Conference Room), Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, at the corner of Broadway and Locust Street, St. Louis, MO. Seminars held at the Federal Reserve Bank of St. Louis are open to the public. If you wish to attend, you must contact us via email at at least 24 hours in advance. All attendees are required to go though a security screening and will be asked to show a valid photo ID.

Questions or suggestions should be directed to

2018 Seminar Series

Tue, Jan 09 12:00pm
Speaker: Salomé Baslandze, EINAUDI Institute for Economics and Finance
Host: B. Ravikumar
"Connecting to Power: Political Connections, Innovation, and Firm Dynamics"

Tue, Feb 06 12:00pm
Speaker: Carlos Garriga, Federal Reserve Bank of St. Louis
Host: Guillaume Vandenbroucke
"Housing Finance, Boom-Bust Episodes, and Macroeconomic Fragility"

Thu, Feb 15 12:00pm
Speaker: Michael Owyang, Federal Reserve Bank of St. Louis
Host: Guillaume Vandenbroucke
"The Nonlinear Effects of Uncertainty Shocks"

Fri, Feb 16 12:00pm
Speaker: Michael McCracken, Federal Reserve Bank of St. Louis
Host: Guillaume Vandenbroucke
"An Empirical Investigation of Direct and Iterated Multistep Conditional Forecasts"

Tue, Feb 20 12:00pm
Speaker: Yi Wen, Federal Reserve Bank of St. Louis
Host: Guillaume Vandenbroucke
"Long and Plosser meet Bewley and Lucas"

Fri, Feb 23 2:00pm *
Speaker: Rodrigo Adao, Chicago Booth
Host: Dvorkin, Maximiliano A
"Spatial linkages, Global Shocks, and Local Labor Markets: Theory and Evidence"

Mon, Feb 26 12:00pm
Speaker: Didem Tuzemen, Federal Reserve Bank of Kansas City
Host: Dvorkin, Maximiliano A
"Health Care Reform or Labor Market Reform? A Quantitative Analysis of the Affordable Care Act"

Fri, Mar 09 2:00pm **
Speaker: Christopher Flinn, New York University
Host: Maximiliano Dvorkin
"Firms' Choices of Wage-Setting Protocols in the Presence of Minimum Wages"

Tue, Mar 20 12:00pm
Speaker: Kerem Cosar, University of Virginia
Host: Fernando Leibovici
"Shipping inside the Box: Containerization and Trade"

Tue, Mar 27 12:00pm
Speaker: William Peterman, Federal Reserve Board
Host: Carlos Garriga
"Optimal Public Debt with Cycle Motives"

Mon, Apr 09 12:00pm
Speaker: Vivian Yue, Emory University
Host: Juan Sanchez
"Structural Adjustments and International Trade: Theory and Evidence from China"

Tue, Apr 10 3:30pm
Speaker: Ichiro Muto, Bank of Japan
"Missing Wage Inflation? Estimating the Natural Rate of Unemployment in a Nonlinear DSGE Model"

Wed, Apr 25 12:00pm
Speaker: Don Schlagenhauf, Federal Reserve Bank of St. Louis
"Corporate Income Tax, Legal Form of Organization, and Employment"

Tue, May 08 12:00pm
Speaker: Andrii Parkhomenko, University of Southern California-Marshall
Host: Maximiliano Dvorkin
"The Rise of Housing Supply Regulation in the U.S.: Local Causes and Aggregate Implications"

Wed, May 09 12:00pm
Speaker: Pedro Brinca, Nova School of Business and Economics
Host: Miguel Faria-e-Castro
"Fiscal Consolidation Programs and Income Inequality"

Fri, May 11 2:00pm **
Speaker: Michela Tincani, University College London
Host: Maximiliano Dvorkin
"Equal Opportunities in Access to Higher Education: Evidence from the Randomization of a National Policy"

Wed, May 16 12:00pm
Speaker: Jan Eeckhout, UPF Barcelona
Host: Carlos Garriga
"The Rise of Market Power and the Macroeconomic Implications"

Fri, May 18 2:00pm *
Speaker: Patrick Kline, University of California Berkeley
Host: Max Dvorkin
"Who Profits from Patents? Rent-Sharing at Innovative Firms"

Wed, May 30 12:00pm
Speaker: Stephan Luck, Federal Reserve Board of Governors
Host: David Wheelock
"Employment Effects of Unconventional Monetary Policy: Evidence from QE"

Mon, Jun 04 12:00pm
Speaker: Heejeong Kim, Concordia University
Host: Juan Sanchez
"Inequality, Portfolio Choice and the Business Cycle"

Thu, Jun 14 12:00pm
Speaker: Sungki Hong, Federal Reserve Bank of St. Louis
"Capital Tax, Investment, and Misallocation"

Wed, Jun 20 12:00pm
Speaker: Maximiliano Dvorkin, Federal Reserve Bank of St. Louis
"Sovereign Debt Restructurings: A Dynamic Discrete Choice Approach"

Mon, Jun 25 12:00pm
Speaker: Serene Tan, National University of Singapore
Host: Alexander Monge-Naranjo
"Income Inequality and Endogenous Market Structure"

Thu, Jun 28 12:00pm
Speaker: Anthony Savagar, University of Kent
Host: Riccardo DiCecio
"Measured Productivity with Endogenous Markups and Economic Profits"

Tue, Jul 03 12:00pm
Speaker: Fang Yang, Louisiana State University
Host: Oksana Leukhina
"The Effects of Marriage-Related Taxes and Social Security Benefits"

Wed, Jul 11 12:00pm
Speaker: William Emmons, Federal Reserve Bank of St. Louis
Host: Miguel Faria-e-Castro
"Is College Still Worth It: The New Calculus of Falling Returns"

Thu, Jul 26 12:00pm
Speaker: Chen Yeh, University of Illinois at Urbana-Champaign
Host: Sungki Hong
"Revisiting the Origins of Business Cycles with the Size-Variance Relationship"

Tue, Aug 21 12:00pm
Speaker: Fernando Leibovici, Federal Reserve Bank of St. Louis
"Trade in Commodities and Business Cycle Volatility"

Tue, Sep 04 12:00pm
Speaker: Florian Madison, University of Basel
Host: Miguel Faria-e-Castro
"Asymmetric Information in Frictional Markets for Liquidity: Collateralized Credit vs Asset Sale"

Thu, Sep 06 12:00pm
Speaker: Thomas Winberry, University of Chicago Booth
Host: Miguel Faria-e-Castro
"Financial Heterogeneity and the Investment Channel of Monetary Policy"

Fri, Sep 07 12:00pm
Speaker: David Papell, University of Houston
Host: Miguel Faria-e-Castro
"Policy Rules and Economic Performance"

Mon, Sep 17 12:00pm
Speaker: Anna Cieslak, Duke University, The Fuqua School of Business
Host: Christopher Neely
"Non-Monetary News in Central Bank Communication"

Fri, Sep 21 12:00pm
Speaker: Andrew Atkeson, University of California-Los Angeles
Host: Miguel Faria-e-Castro
"Government Guarantees and the Valuation of American Banks"

Tue, Sep 25 12:00pm
Speaker: Alan Taylor, University of California-Davis
Host: Miguel Faria-e-Castro
"The Total Risk Premium Puzzle"

Tue, Oct 02 12:00pm
Speaker: YiLi Chien, Federal Reserve Bank of St. Louis
"Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited"

Thu, Oct 04 12:00pm
Speaker: Pierre-Olivier Gourinchas, University of California-Berkeley
Host: Miguel Faria-e-Castro
"Consumption-Led Growth"

Tue, Oct 09 12:00pm
Speaker: Gabriel Mihalache, Stony Brook University
Host: Juan Sanchez
"Inflation Targeting with Sovereign Default Risk"

Mon, Oct 15 12:00pm
Speaker: Juan Sanchez, Federal Reserve Bank of St. Louis
Host: Miguel Faria-e-Castro
"The Persistence of Financial Distress"

Tue, Oct 16 12:00pm
Speaker: William Dupor, Federal Reserve Bank of St. Louis
"The 2008 US Auto Market Collapse"

Thu, Oct 18 12:00pm
Speaker: Emil Verner, Massachusetts Institute of Technology-Sloan
Host: Miguel Faria-e-Castro
"Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis"

Mon, Oct 22 12:00pm
Speaker: Subhayu Bandyopadhyay, Federal Reserve Bank of St. Louis
"Offshoring and Trade Taxes"

Tue, Oct 23 12:00pm
Speaker: Andreas Fischer, Swiss National Bank
Host: Christopher Neely
"Identifying Chinese Supply Shocks - Effects of Trade on Labor Markets"

Thu, Oct 25 12:00pm
Speaker: Saroj Bhattarai, University of Texas-Austin
Host: Miguel Faria-e-Castro
"A Unified Model of International Business Cycles and Trade"

Mon, Oct 29 12:00pm
Speaker: Andrés Neumeyer, Universidad Torcuato Di Tella
Host: Juan Sanchez
"Large Cost Shocks in an Inflationary Economy: Argentina’s Evidence on Menu Cost Models"

Tue, Oct 30 12:00pm
Speaker: Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis
"Resource Curse or Blessing? Sovereign Risk in Resource-Rich Emerging Economies"

Thu, Nov 01 11:30 AM
Speaker: Esteban Rossi-Hansberg, Princeton University
Host: Miguel Faria-e-Castro
"Location as an Asset"

Mon, Nov 05 12:00pm
Speaker: Ana Maria Santacreu, Federal Reserve Bank of St. Louis
"Innovation, Knowledge Spillovers and Comparative Advantage"

Thu, Nov 08 12:00pm
Speaker: Alisdair McKay, Federal Reserve Bank of Minneapolis
Host: Miguel Faria-e-Castro
"The Interest Rate Elasticity of Durable Demand: Measurement and Implications"

Fri, Nov 09 12:00pm
Speaker: Fernando Martin, Federal Reserve Bank of St. Louis
"How to Starve the Beast: The Value of Constraints on Discretionary Government Policy"

Tue, Nov 13 12:00pm
Speaker: Ernest Liu, Princeton University
Host: Yi Wen
"Industrial Policies in Production Networks"

Fri, Nov 16 12:00pm
Speaker: Guillaume Vandenbroucke, Federal Reserve Bank of St. Louis
"The 1970s Productivity Slowdown: Demography v. Technology"

Mon, Nov 19 12:00pm
Speaker: David Baqaee, University of California-Los Angeles
Host: Miguel Faria-e-Castro
"Productivity and Misallocation in General Equilibrium"

Tue, Nov 27 12:00pm
Speaker: Miguel Faria-e-Castro, Federal Reserve Bank of St. Louis
"The Nonlinear Effects of Fiscal Policy"

Wed, Nov 28 12:00pm
Speaker: David Andolfatto, Federal Reserve Bank of St. Louis
"Assessing the Impact of Central Bank Digital Currency on Private Banks"

Thu, Nov 29 11:30 AM
Speaker: Dirk Krueger, University of Pennsylvania
Host: Miguel Faria-e-Castro
"Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk"

Fri, Nov 30 2:00pm **
Speaker: Eduardo Souza-Rodrigues, University of Toronto
Host: Maximiliano Dvorkin
"Simple Partial Identification for Dynamic Models and Counterfactuals"

Mon, Dec 03 12:00pm
Speaker: Michal Szkup, University of British Columbia
Host: Fernando Leibovici
"Isolating Limited Liabilities as Financial Frictions"

Tue, Dec 04 12:00pm
Speaker: David Wheelock, Federal Reserve Bank of St. Louis
"The Founding of the Federal Reserve, the Great Depression and the Evolution of the U.S. Interbank Network"

Thu, Dec 06 12:00pm
Speaker: Luigi Bocola, Stanford University
Host: Miguel Faria-e-Castro
"Accounting for Heterogeneity"

Mon, Dec 10 12:00pm
Speaker: Chadwick Curtis, University of Richmond
Host: William Dupor
"Repatriation Taxes"

Tue, Dec 11 12:00pm
Speaker: Alexander Monge-Naranjo, Federal Reserve Bank of St. Louis
"Occupations, Human Capital and Technological Change in a Dynamic Roy Model of Labor Markets"

Wed, Dec 12 12:00pm
Speaker: Matthias Kehrig, Duke University
Host: Miguel Faria-e-Castro
"The Micro-Level Anatomy of the Labor Share Decline"

Fri, Dec 14 12:00pm
Speaker: B. Ravikumar, Federal Reserve Bank of St. Louis
"Capital Accumulation and Dynamic Gains from Trade"

Mon, Dec 17 12:00pm
Speaker: Christopher Neely, Federal Reserve Bank of St. Louis
"An Analysis of the Literature on International Unconventional Monetary Policy"

Tue, Dec 18 12:00pm
Speaker: Ross Doppelt, Pennsylvania State University
Host: Miguel Faria-e-Castro
"Minimum Wages and Hours of Work"

*Joint with the Department of Economics, Washington University in St. Louis. These seminars will take place at the Federal Reserve Bank of St. Louis

**Labor Workshop Seminar, joint with the Department of Economics, Washington University in St. Louis. These seminars will take place at the Federal Reserve Bank of St. Louis.

Past Seminars

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