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Program


Friday, 11 September 2015

13.00 – 14.00 Mortgages and Monetary Policy
Carlos Garriga, Federal Reserve Bank of St. Louis
Finn Kydland, University of California—Santa Barbara
Roman Sustek, Queen Mary University of London
Discussant: Amir Kermani, University of California—Berkeley
14.00 – 15.00 The Transmission of Monetary Policy through Redistributions and Durable Purchases
Vincent Sterk, University College London
Silvana Tenreyro, London School of Economics
Discussant: Carlos Garriga, Federal Reserve Bank of St. Louis
15.00 – 15.30 Break
15.30 – 16.30 Distributional Effects of Monetary Policy
Matthias Doepke, Northwestern University
Martin Schneider, Stanford University
Veronika Selezneva, Northwestern University
Discussant: Michael Kumhof, Bank of England
16.30 – 17.30 Monetary Policy and the Redistribution Channel
Adrien Auclert, Princeton University
Discussant: Makoto Nakajima, Federal Reserve Bank of Philadelphia

Saturday, 12 September 2015

9.00 – 10.00 Inequality and Optimal Monetary Policy
Dong-Whan Ko, Korea Information Society Development Institute
Discussant: Pierre Monnin, Council on Economic Policies
10.00 – 11.00 The Power of Forward Guidance Revisited
Alisdair McKay, Boston University
Emi Nakamura, Columbia University
Jon Steinsson, Columbia University
Discussant: Marco Airaudo, Drexel University
11.00 – 11.30 Break
11.30 – 12.30 Optimal Monetary Policy with Heterogeneous Money Holdings
Francesco Lippi, EIEF and University of Sassari
Stefania Ragni, University of Sassari
Nicholas Trachter, Federal Reserve Bank of Richmond
Discussant: Fernando Martin, Federal Reserve Bank of St. Louis
12.30 – 13.30 Lunch
13.30 – 14.30 Real Balance Effects When the Nominal Interest Rate is Zero
Anton Braun, Federal Reserve Bank of Atlanta
Takemasa Oda, Bank of Japan
Discussant: Joseph Haslag, University of Missouri—Columbia
14.30 – 15.30 Optimal Monetary Policy at the Zero Lower Bound
Costas Azariadis, Washington University and Federal Reserve Bank of St. Louis
James Bullard, Federal Reserve Bank of St. Louis
Aarti Singh, University of Sidney
Jacek Suda, Narodowy Bank Polski
Discussant: Roger Farmer, University of California—Los Angeles

Program Committee

  • Michael Kumhof, Bank of England
  • Prakash Loungani, International Monetary Fund
  • Pierre Monnin, Council on Economic Policies
  • Yongseok Shin, Washington University and Federal Reserve Bank of St. Louis
  • Stephen Williamson, Federal Reserve Bank of St. Louis



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