Thursday, March 26, 2020

Time Event  
08:30 - 09:00 Registration and welcoming coffee  
09:00 - 09:15 Forewords  
09:15 - 10:45 A1 - Labor market institutions - Thepthida Sopraseuth  
09:15 - 09:45 › The Life-cycle Profile of Worker Flows in Europe - Linas Tarasonis, Vilnius University [Vilnius]  
09:45 - 10:15 › A Joint Theory of Polarization and Deunionization - Tobias Föll, University of Cologne  
10:15 - 10:45 › Public and Private Employment in a Model with Underemployment - Thepthida Sopraseuth, Thema Université de Cergy Pontoise  
09:15 - 10:45 A2 - Fiscal policy - Anastasios Karantounias  
09:15 - 09:45 › Should monetary policy care about redistribution? Should fiscal policy care about inflation? Optimal monetary policy with heterogeneous agents - XAVIER RAGOT, Sciences Po  
09:45 - 10:15 › The Transmission Channels of Government Spending Uncertainty - Anna Belianska, Aix-Marseille University  
10:15 - 10:45 › A general theory of tax-smoothing - Anastasios Karantounias, Federal Reserve Bank of Atlanta  
09:15 - 10:45 A3 - Inequality and redistribution - Ctirad Slavik  
09:15 - 09:45 › Helicopter Drops of Money under Secular Stagnation - Jean-Baptiste Michau, Department of Economics, Ecole Polytechnique  
09:45 - 10:15 › Political Activism and the Provision of Dynamic Incentives: The Guardians of the Pie in the Battle for Redistribution - Antoine Camous, University of Mannheim  
10:15 - 10:45 › Finance and Inequality: A Tale of Two Tails - Ctirad Slavik, CERGE-EI  
09:15 - 10:45 A4 - Foreign exchange rate - Evgenia Passari  
09:15 - 09:45 › Towards a new monetary theory of exchange rate determination - Michael Kumhof, Bank of England  
09:45 - 10:15 › Shocks and Exchange Rates in Small Open Economies - Vito Cormun, Boston College  
10:15 - 10:45 › Exchange Rates and Commodity Prices - Evgenia Passari, Université Paris-Dauphine  
09:15 - 10:45 A5 - Monetary policy - Gee Hee Hong  
09:15 - 09:45 › Monetary Non-neutralities when Credit Constraints Bite - Ivan Jaccard, European Central Bank, DG-Research  
09:45 - 10:15 › Long-term business relationships, bargaining and monetary policy - Tommaso Trani, Universidad de Navarra [Pamplona]  
10:15 - 10:45 › The Real Effects of Monetary Shocks: Evidence from Micro Pricing Moments - Gee Hee Hong, IMF  
10:45 - 11:15 Coffee break  
11:15 - 13:15 B1 - Macroeconomic effects of fiscal shocks - Laurent Ferrara  
11:15 - 11:45 › Fiscal Stimulus and Skill Accumulation over the Life-Cycle - Laure Simon, European University Institute  
11:45 - 12:15 › Are Fiscal Multipliers Estimated with Proxy SVARs Robust? - Giovanni Caggiano, Monash University  
12:15 - 12:45 › Sovereign Default and Imperfect Tax Enforcement - Francesco Pappada, Paris School of Economics  
12:45 - 13:15 › Questioning the puzzle: fiscal policy, real exchange rate and inflation - Daniele Siena, Banque de France  
11:15 - 13:15 B2 - Consumption behavior - Florian Exler  
11:15 - 11:45 › House Price Expectations and Housing Choice - Jochen Mankart, Deutsche Bundesbank  
11:45 - 12:15 › A Model of Expenditure Shocks - Eric Young, University of Virginia, Zhejiang University, Federal Reserve Bank of Cleveland  
12:15 - 12:45 › Confidence, Fundamentals, and Consumption - Donghoon Yoo, Institute of Social and Economic Research (ISER), Osaka University  
12:45 - 13:15 › Consumer Credit with Over-Optimistic Borrowers - Florian Exler, University of Vienna [Vienna]  
11:15 - 13:15 B3 - Expectations and heterogeneity - Erwan Gautier  
11:15 - 11:45 › A Quantitative Analysis of Distortions in Managerial Forecasts - Tiziano Ropele, Bank of Italy  
11:45 - 12:15 › Will Artfificial Intelligence Replace Computational Economists Any Time Soon? - Pablo Winant, Ecole Supérieure de Commerce de Paris, Centre de Recherche en Économie et Statistique (CREST)  
12:15 - 12:45 › The Factor Structure of Disagreement - Fabian Winkler, Federal Reserve Board  
12:45 - 13:15 › Inflation Expectations and Consumption Decisions - Erwan Gautier, Banque de France, Laboratoire d'économie et de management de Nantes Atlantique  
11:15 - 13:15 B4 - Firm dynamics - Stefano Fasani  
11:15 - 11:45 › The Underlying Mechanisms of Entry and Exit in the Small Business Sector - Sumudu Kankanamge, Toulouse School of Economics  
11:45 - 12:15 › Measured Productivity with Endogenous Markups and Economic Profits - Anthony Savagar, University of Kent  
12:15 - 12:45 › Bottom-up Markup Fluctuations - Basile GRASSI, Bocconi University  
12:45 - 13:15 › Firms Dynamics and Policy Uncertainty Shocks - Stefano Fasani, Queen Mary University of London  
11:15 - 13:15 B5 - Financial frictions and fluctuations - David Gauthier  
11:15 - 11:45 › Costly Default and Asymmetric Real Business Cycles - Pablo Garcia, Banque centrale du Luxembourg  
11:45 - 12:15 › Sovereign Risk, Financial Fragility and Debt Maturity - Dallal Bendjellal, Aix-Marseille University, AMSE  
12:15 - 12:45 › Bubble-Driven Business Cycles - Benjamin Larin, University of St.Gallen  
12:45 - 13:15 › Financial Shocks and the Debt Structure - David Gauthier, Paris School of Economics  
13:15 - 14:30 Lunch  
14:30 - 16:30 C1 - Heterogeneity in macroeconomics - Lorenza Rossi  
14:30 - 15:00 › Workers, Capitalists, and the Government: Fiscal Policy and Income (Re)Distribution - Cristiano Cantore, Bank of England, University of Surrey  
15:00 - 15:30 › Automation, Growth and Factor Shares - Joseba Martinez, London Business School  
15:30 - 16:00 › Capital Intensity and the Labor Share of Income: New Theoretical and Empirical Insights - Lorenza Rossi, University of Pavia  
14:30 - 16:30 C2 - Finance and international macroeconomics - Kenza Benhima  
14:30 - 15:00 › Masking the truth or softening the blow? U.S. banking deregulation and sectoral reallocation after the China trade shock - Ruslanova Lilia, Department of Economics, University of Zurich  
15:00 - 15:30 › Financial spillovers and global risk in an estimated structural three-region model - Massimo Giovannini, European Commission - Joint Research Centre [Ispra]  
15:30 - 16:00 › One Ring to Rule Them All? New Evidence on World Cycles - PUY Damien, "Research Department International Monetary Fund (IMF)"  
16:00 - 16:30 › News, sentiments, and capital flows - Kenza Benhima, University of Lausanne (HEC - Lausanne)  
14:30 - 16:30 C3 - Fiscal and monetary policies - Thomas Grjebine  
14:30 - 15:00 › Monetary independence and rollover crises - Jorge Mondragon, Ecole Polytechnique Fédérale de Lausanne  
15:00 - 15:30 › (Dis)Solving the ZLB equilibrium through Income Policy - Jacopo Bonchi, Sapienza - University of Rome - Guido Ascari, University of Oxford  
15:30 - 16:00 › Public Liquidity Demand and Central Bank Independence - Jean Barthelémy, Banque de France  
16:00 - 16:30 › The Macroeconomic Effects of Lump-Sum Taxes - Thomas Grjebine, Centre d'Etudes Prospectives et d'Informations Internationales  
14:30 - 16:30 C4 - Fiscal multiplier - Aurélien Eyquem  
14:30 - 15:00 › State dependent Fiscal Multipliers with Preferences over Safe Assets - Ansgar Rannenberg, National Bank of Belgium  
15:00 - 15:30 › Macroeconomic Frameworks - Daniel Murphy, University of Virginia Darden School of Business  
15:30 - 16:00 › Fiscal Multipliers: a Tale from the Labor Market - Anna Rogantini Picco, European University Institute  
16:00 - 16:30 › Taking off into the Wind: Unemployment Risk and State-Dependent Government Spending Multipliers - Aurélien Eyquem, University of Lyon II and GATE  
14:30 - 16:30 C5 - Fluctuations - Gauthier Vermandel  
14:30 - 15:00 › Is there News in Inventories? - Christoph Gortz, University of Birmingham [Birmingham]  
15:00 - 15:30 › A Rational Inattention Unemployment Trap - Martin Ellison, University of Oxford [Oxford]  
15:30 - 16:00 › Firms' Labor Market Power and Aggregate Instability - Nicolas Abad, Centre de Recherche en Economie Appliquée à la Mondialisation  
16:00 - 16:30 › Endogenous Trends - Gauthier Vermandel, Laboratoire d'Economie de Dauphine, Paris Sciences et Lettres Research University, France Stratégie  
16:30 - 17:00 Coffee break  
17:00 - 18:00 Michèle Tertilt (University of Mannheim)
Consumer debt and default: A macroeconomic perspective
 - Keynote speaker #1
 
20:00 - 22:30 Gala Dinner  

Friday, March 27, 2020

Time Event  
09:15 - 10:45 D1 - Macroeconomic trade-offs in a monetary union - Linda Tesar  
09:15 - 09:45 › Fiscal Policy, Relative Prices and Net Exports in a Currency Union - Christian Proebsting, Ecole Polytechnique Federale de Lausanne (EPFL)  
09:45 - 10:15 › Optimal Macroprudential and Monetary Policy in a Currency Union - Dmitriy Sergeyev, Bocconi University [Milan, Italy]  
10:15 - 10:45 › Regional effects of exchange rate fluctuations - Linda Tesar, University of Michigan  
09:15 - 10:45 D2 - Financial markets - Russell Cooper  
09:15 - 09:45 › Disastrous defaults - Sarah Mouabbi, Banque de France  
09:45 - 10:15 › Granular Borrowers - Thibault Libert, Ecole d'Économie de Paris - Paris School of Economics, ACPR - Banque de France  
10:15 - 10:45 › Rationalizing Trading Frequency and Returns: Maybe Trading is Good for You - Russell cooper, European University Institute  
09:15 - 10:45 D3 - Firms and heterogeneity - Francesco Pappada  
09:15 - 09:45 › Aggregate Dynamics and Microeconomic Heterogeneity: The Role of Vintage Technology - Filippo Scoccianti, Banca d'Italia  
09:45 - 10:15 › Competition and Inequality - Rajssa Mechelli, University of Oxford [Oxford]  
10:15 - 10:45 › Exchange rate regime and firm dynamics - Francesco Pappada, Paris School of Economics  
09:15 - 10:45 D4 - Fiscal policy and inequality - Daniel Murphy  
09:15 - 09:45 › Wealth Inequality, Homeownership and Optimality of Wealth Taxes - Borri Nicola, LUISS University  
09:45 - 10:15 › Budget Neutral Reduction in Capital Tax - Océane Piétri, Aix-Marseille University, CNRS, EHESS, Centrale Marseille, AMSE  
10:15 - 10:45 › Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus: Theory and Cross-Country Evidence - Daniel Murphy, University of Virginia Darden School of Business  
09:15 - 10:45 D5 - Monetary policy II - Antoine Lepetit  
09:15 - 09:45 › Central Banks' Behavior in the Aftermath of the Great Recession - Aymeric Ortmans, Université Paris-Saclay (EPEE)  
09:45 - 10:15 › Pain of Paying in a Business Cycle Model - Baptiste Massenot, Toulouse Business School  
10:15 - 10:45 › Forward guidance with life-cycle motives - Antoine Lepetit, Board of Governors of the Federal Reserve  
10:45 - 11:15 Coffee break  
11:15 - 12:15 Oleg Itskhoki (Princeton University)
Granular comparative advantage
- Keynote speaker #2
 
12:15 - 13:45 Lunch  
12:15 - 13:45 Poster session  
12:15 - 13:45 › Capital inertia and the timing of energy transition - Kevin Genna, Aix-Marseille Sciences Economiques  
12:15 - 13:45 › Existence and Uniqueness of Recursive Equilibria with Aggregate and Idiosyncratic Risk - Elisabeth Pröhl, University of Amsterdam [Amsterdam], Tinbergen Institute  
12:15 - 13:45 › Labour productivity and the wageless recovery - Antonio M. Conti, Bank of Italy  
12:15 - 13:45 › Life Before Super Thursday: Disentangling the Information Effect - Marco Pinchetti, ECARES, Université Libre de Bruxelles and Andrzej Szczepaniak, Ghent University  
12:15 - 13:45 › Market Sovereign Default and Haircuts: the Role of Expectations - Ibrahima Diarra, University of Paris-Saclay  
12:15 - 13:45 › Public Health Investments and the Direction of Technological Progress: A Theory of Deskilling during the British Industrial Revolution - Tanguy Le Fur, Aix-Marseille School of Economics  
12:15 - 13:45 › The role of labor market frictions on mortgage debt dynamics - Jérémy Rastouil, Gretha  
12:15 - 13:45 › What are the Sources of Boom-Bust Cycles? - Vito Cormun, Boston College  
13:00 - 13:45 DBnomics  
13:00 - 13:45 › DBnomics, the world's economic database - Thomas Brand, Centre pour la recherche économique et ses applications  
13:45 - 15:15 E1 - Expectations and macroeconomics - Fabrice Collard  
13:45 - 14:15 › Learning from House Prices: Amplification and Business Fluctuations - Gaetano Gaballo, HEC Paris and CEPR  
14:15 - 14:45 › Perceived wealth and behavioral inattention - Tiziana Assenza, Toulouse School of Economics  
14:45 - 15:15 › Shocks and Frictions: A Finite Planning Horizon Approach - Julien Matheron, Banque de France  
13:45 - 15:15 E2 - International macroeconomics - Isabelle Mejean  
13:45 - 14:15 › International Trade and Innovation Dynamics with Endogenous Markups - Pau Roldan, Bank of Spain  
14:15 - 14:45 › Production Network and International Fiscal Spillovers - Karine Gente, GREQAM - AMSE  
14:45 - 15:15 › Foreign Shocks as Granular Fluctuations - Mejean Isabelle, CREST-Ecole Polytechnique  
13:45 - 15:15 E3 - Labor market - Rahul Mukherjee  
13:45 - 14:15 › Inter-generational conflict and the declining labor share - Fabien Petit, Aix-Marseille Sciences Economiques  
14:15 - 14:45 › Inefficiencies in Globalized Economies with Labor Market Frictions - Lise Patureau, University Paris-Dauphine, PSL Research University, LEDa  
14:45 - 15:15 › Trends in Aggregate Employment, Hours Worked per Worker, and the Long-Run Labor Wedge - Rahul Mukherjee, Graduate Institute of International and Development Studies  
13:45 - 15:15 E4 - Monetary policy in open economy - Romanos Priftis  
13:45 - 14:15 › International monetary policy spillovers: the role of commodity prices - Erica Perego, CEPII  
14:15 - 14:45 › Central Bank Information Effects and International Spillovers - Georg Strasser, European Central Bank  
14:45 - 15:15 › Optimal quantitative easing in a currency union - Romanos Priftis, Bank of Canada  
13:45 - 15:15 E5 - Policy decisions - Stéphane Dupraz  
13:45 - 14:15 › Do We Really Know that U.S. Monetary Policy was Destabilizing in the 1970s? - Mark Weder, Aarhus University  
14:15 - 14:45 › Potential Output Pessimism and Austerity in the European Union - Pei Kuang, University of Birmingham  
14:45 - 15:15 › A Pitfall of Cautiousness in Monetary Policy - Stéphane Dupraz, Banque de France  
15:15 - 15:45 Coffee break  
15:45 - 17:15 F1 - Recent developments on business cycles - Alain Venditti  
15:45 - 16:15 › Are the liquidity and collateral roles of asset bubbles different? - Xavier Raurich, University of Barcelona  
16:15 - 16:45 › A simple theory of deflation - Takashi Kamihigashi, Research Institute for Economics and Business Administration, Kobe University  
16:45 - 17:15 › Optimal growth, bequests and competitive equilibrium cycles in two-sector OLG models - Alain Venditti, AMSE, CNRS-AMU, EDHEC Business School  
15:45 - 17:15 F2 - Fiscal policy in open economy - Matteo Cacciatore  
15:45 - 16:15 › Fiscal Austerity in Emerging Market Economies - Suchismita Tarafdar, Suchismita Tarafdar  
16:15 - 16:45 › Fiscal and Currency Unions with Default and Exit - Chima Simpson-Bell, European University Insitute  
16:45 - 17:15 › Trade Flows and Fiscal Multipliers - Matteo Cacciatore, HEC Montréal  
15:45 - 17:15 F3 - Monetary policy and financial frictions - Marien Ferdinandusse  
15:45 - 16:15 › The Bond Lending Channel of Monetary Policy - Alexander Rodnyansky, University of Cambridge  
16:15 - 16:45 › Monetary policy transmission in France under different types of expectations - Matthieu Lemoine, Banque de France  
16:45 - 17:15 › Quantitative easing and the price-liquidity trade-off - Marien Ferdinandusse, European Central Bank  
15:45 - 17:15 F4 - Open economy - Luca Dedola  
15:45 - 16:15 › Sectoral Reallocations, Real Estate Shocks,and Productivity Divergence in Europe - Jérôme Héricourt, LEM CNRS UMR 9221, CEPII  
16:15 - 16:45 › Exchange rate volatility and cooperation in an incomplete markets' economy - Sara Eugeni, Durham University, Durham University Business School, Department of Economics and Finance  
16:45 - 17:15 › The Missing Internal Devaluation: Regional Adjustment in the US Great Recession - Luca Dedola, European Central Bank  
15:45 - 17:15 F5 - Uncertainty and the labor market - Pontus Rendahl  
15:45 - 16:15 › Consumption Dynamics under Time-Varying Unemployment Risk - Harmenberg Karl, Copenhagen Business School [Copenhagen]  
16:15 - 16:45 › Macro Uncertainty and Unemployment Risk - Joonseok Oh, Freie Universität Berlin  
16:45 - 17:15 › Unexpected Effects: Uncertainty, Unemployment, and Inflation - Pontus Rendahl, University of Cambridge