Speakers
23 November
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- 09:30h - 10:00h
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Welcome address
Ángel Gavilán (Banco de España)
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- 10:00h - 11:00h
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THE PHILLIPS CURVE
Chair: Eva Ortega (Banco de España)
It’s baaaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve
Pierpaolo Benigno (557 KB) (University of Bern) and G. Eggertsson (Brown University)
Discussant: Stéphane Dupraz (1 MB) (Banque de France)
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- 11:00h - 11:30h
- Coffee break
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- 11:30h - 13:30h
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INFLATION AND WAGES
Chair: Pablo Burriel (Banco de España)
The Pass-Through of Inflation Expectations into Prices and Wages: Evidence from an RCT Survey
Sarah Lein (1 MB) (University of Basel), K. Abberger, A. Funk, M. Lamla and S. Siegrist Discussant: Silvana Tenreyro (576 KB) (LSE)
Distributional aspects of inflation in the euro area
Gianluca Violante (1 MB) (Princeton), F. Pallotti, J. Slacalek, O. Tristani and G. Paz-Pardo
Discussant: Kurt Mitman (157 KB) (CEMFI)
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- 13:30h - 15:00h
- Lunch break
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- 15:00h - 17:00h
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MONETARY POLICY NORMALIZATION
Chair: Carlos Thomas (Banco de España)
Managing normalization
Gianluca Benigno (247 KB) (University of Lausanne) and P. Benigno
Discussant: Fiorella de Fiore (793 KB) (BIS)
Balance Sheet Policy Above the ELB
Annette Vissing-Jorgensen (1 MB) (Federal Reserve Board)
Discussant: Saki Bigio (306 KB) (UCLA)
24 November
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- 10:00h - 11:30h
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HETEROGENOUS IMPACT OF INFLATION
Chair: Eva Ortega (Banco de España)
Heterogenous Effects of Monetary Policy Across Income and Race: the Labour Mobility Channel
Ester Faia (1 MB) (Goethe University Frankfurt), E. Shabalina and D. Wiczer
Discussant: Evi Pappa (315 KB) (Universidad Carlos III Madrid)
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- 11:00h - 11:30h
- Coffee break
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- 11:30h - 13:30h
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MONETARY POLICY AND FINANCIAL STABILITY
Chair: Jim Costain (Banco de España)
Loose monetary policy and financial instability
Grimm, Òscar Jordà (4 MB) (FRB of San Francisco and UC Davis), M. Schularik and A. Taylor
Discussant: Jose Luis Peydró (926 KB) (UPF, CREI & BSE)
Monetary policy and endogenous financial crisis
Boissay, F. Collard, Jordi Galí (1 MB) (CREI, UPF & BSE) and C. Manea
Discussant: Alejandro Van der Ghote (656 KB) (ECB)
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- 13:30h - 14:30h
- End of conference and lunch