Archiv des Autors: CEBRA office

„#CEBRA2020 – Session 31 Markets, Currencies, and Payments, organized by Bank of Canada“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by the Bank of Canada 

Parallel Session 2: Markets, Currencies, and Payments, Session 31: Central Bank Digital Currency

Chair: Francisco Rivadeneyra (Bank of Canada)

Speakers:

„Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency” Kim Huynh (Bank of Canada) joint with Jozef Molnar, Alex Shcherbakov and Jerry Yu

“Central Bank Digital Currency, Inflation Tax, and Central Bank Independence” Ohik Kwon (Bank of Korea) joint with Seungduck Lee and Jaevin Park

“What Keeps Stable Coins Stable?” Ganesh Viswanath-Natraj (Warwick Business School) joint with Richard Lyons

“Vertically Disintegrated Platforms” Tarik Roukny (KU Leuven) joint with Christoph Aymanns and Mathias Dewatripont

„#CEBRA2020 – Session 24 Monetary Policy and Macro Finance, organized by ECB – Directorate General Research“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by the ECB – Directorate General Research

Parallel Session 2: Monetary Policy and Macro Finance, Session 24: Monetary Policy, Macroprudential Policy and Financial Stability

Chair: Luc Laeben (ECB), Angela Maddaloni (ECB), Caterina Mendicino (ECB) 

Speakers:

“A Quantitative Analysis of the Countercyclical Capital Buffer” Miguel Faria-e-Castro (FRB St. Louis) Discussant: Ozge Akinci (FRB New York)

„Over-Saving and Financial Fragility” Davide Porcellacchia (ECB) joint with Agnese Leonello, Caterina Mendicino and Ettore Panetti Discussant: Thomas Eisenbach (FRB New York)

“The Zero Lower Bound and Financial Stability: A Role for Central Banks” Tatjana Schulze (University of Oxford) joint with Dimitrios Tsomocos Discussant: Daria Finocchiaro (Sveriges Riksbank)

„#CEBRA2020 – Session 4 Drivers & Dynamics of Inflation & the Macroeconomics of Climate Change, organized by CfIR, FRB of Cleveland“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by the Center for Inflation Research, Federal Reserve Bank of Cleveland

Parallel Session 2: Drivers and Dynamics of Inflation & The Macroeconomics of Climate Change, Session 4: Inflation: Drivers and Dynamics

Chair: Raphael Schoenle (Brandeis University) & Robert Rich (FRB Cleveland) 

Speakers:

“Control Costs, Rational Inattention, and Retail Price Dynamics” James Costain (Banco de España) joint with Anton Nakov

“Inflation and Deflationary Biases in Inflation Expectations” Michael Lamla (Leuphana University Lüneburg) joint with Damjan Pfajfar and Lea Rendell

“Anchored Inflation Expectations” Emanuel Moench (Deutsche Bundesbank and Goethe University) joint with Carlos Viana de Carvalho, Stefano Eusepi and  Bruce Preston

“Monetary Policy Communications and their Effects on Household Inflation Expectations” Michael Weber (University of Chicago) joint with Olivier Coibion and Yuriy Gorodnichenko

„#CEBRA2020 – Session 16 Monetary Policy, Frameworks and Communication, organized by Bank of Japan at LSE“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by the Bank of Japan 

Parallel Session 2: Monetary Policy, Frameworks and Communication, Session 16: New Theoretical and Empirical Frameworks of Monetary Policy Analysis 

Chair: Daisuke Ikeda (Bank of Japan)

Speakers:

“Digital Money as a Unit of Account and Monetary Policy” Daisuke Ikeda (Bank of Japan) 

“Monetary Policy, Redistribution, and Risk Premia” Moritz Lenel (Princeton University) joint with Rohan Kekre

“Forward Guidance with Life-Cycle Motives” Antoine Lepetit (Federal Reserve Board) joint with Elliot Aurissergues

“Output-Inflation Tradeoffs and the Optimal Inflation Rate” Willem Van Zandweghe (FRB Cleveland) joint with Takushi Kurozumi

„#CEBRA2020 – Session 9 Markets, Currencies, and Payments, organized by CEBRA IFM at LSE“

This session was organized by CEBRA`s International Finance and Macroeconomics Program (IFM)  

Parallel Session 2: Banking, Debt, Risks, Regulation, Session 9: New Developments in the Global Debt Markets

Chair:   Ambrogio Cesa-Bianchi (Bank of England) & Galina Hale (FRB San Francisco)

Speakers:

“Differential Treatment in the Bond Market: Sovereign Risk and Mutual Fund Portfolios”  Nathan Converse (Federal Reserve Board) joint with Enrico Mallucci

“The Making of Global Safe Assets” Maurizio Habib (ECB) joint with Fabrizio Venditti and Livio Stracca

“Avoiding Sovereign Default Contagion: A Normative Analysis” Sergio de Ferra  (Federal Reserve Board)  joint with Enrico Mallucci

“Cross-country Co-movements in Sovereign-bond Markets: Accounting for the Fundamental and Information” Paula Margaretic (Universidad de San Andrés) and David Moreno (Banco Central de Chile) joint with Alejandro Bernales

„#CEBRA2020 – Session 34 Markets, Currencies, and Payments, organized by CEBRA at LSE“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by CEBRA 

Parallel Session 1: Markets, Currencies, and Payments, Session 34: The Economics of Cryptocurrencies and Decentral Consensus

Chair: Cyril Monnet (BIS)

Speakers:

“Global Demand for Basket-Backed Stablecoins” Jean Flemming (Federal Reserve Board) joint with Garth Baughman

“Committee Blockchain Consensus Protocol as Game versus Adversaries” Bruno Biais (Toulouse School of Economics)

“Too Big to Cheat: Mining Pools‘ Incentives to Double Spend in Blockchain Based Cryptocurrencies” Ville Savolainen (Hanken School of Economics) joint with Jorge Soria

“Ride the Lightning: Turning Bitcoin into Money” Peter Zimmerman (FRB Cleveland) joint with Anantha Divakaruni

„#CEBRA2020 – Session 25 Monetary Policy and Macro Finance, organized by CEBRA – MPMF“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by CEBRA`s  Monetary Policy and Macro Finance (MPMF). 

Parallel Session 1: Monetary Policy and Macro Finance, Session 25: Macroeconomic Heterogeneity and Monetary Policy

Chair: Ambrogio Cesa-Bianchi 

Speakers:

“Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity” Ambrogio Cesa-Bianchi (Bank of England) joint with Gareth Anderson

„Consumption Heterogeneity: Micro Drivers and Macro Implications” Edmund Crawley (Federal Reserve Board) joint with Andreas Kuchler

“Household Debt and the Heterogeneous Effects of Forward Guidance” Francesco Ferrante and Matthias Paustian (both Federal Reserve Board)

„Monetary Policy, Labor Income Redistribution and Credit Channel: Evidence from Matched Employer-Employee and Credit Registers” Caterina Mendicino (ECB) joint with Martina Jasova, Ettore Panetti, José-Luis Peydró and Dominik Supera

„#CEBRA2020 – Session 11 International Economics, organized by ECB at LSE“

CEBRA’s 2020 Annual Meeting at LSE & Bank of England 

This session was organized by the European Central Bank (ECB). 

Parallel Session 1: International Economics, Session 11: Spillovers in a Low-for-long Environment

Chair: Georgios Georgiadis & Fabrizio Venditti (ECB) 

Speakers:

“US Banks and Global Liquidity” Ricardo Correa (FRB) joint with Wenxin Du, Gordon Liao

“Optimal Monetary Policy under Dollar Pricing” Konstantin Egorov (New Economic School) joint with Dmitry Mukhin

“Risk, Uncertainty and Monetary Policy in a Global World” Marie Hoerova (ECB) joint with Geert Bekaert and Nancy Xu

“Capital Flow Deflection under the Magnifying Glass” Etienne Lepers (OECD) joint with Filippo Gori and Caroline Mehigan