You will find all links to livestreamed events of the 2023 CEBRA Annual Meeting here. Times are New York, United States (UTC-4), please note this program is subject to minor changes.

Day 1: Wednesday, 5 July 2023 (Venue: Federal Reserve Bank of New York)

2:00 p.m. Official Welcome: Linda S. Goldberg (Federal Reserve Bank of New York and Chair of CEBRA America’s Chapter) and Raphael Schoenle (Brandeis University, CEBRA)

2:15 p.m. – 3:45 p.m. Panel on Sovereign Debt:  Liquidity and Consequences

Panelists: Imène Rahmouni-Rousseau (European Central Bank), Joshua Frost (United States Treasury), Joyce Chang (JPMorgan Chase), Alexandre Tombini (Bank for International Settlements)

Moderator: Anna Nordstrom (Federal Reserve Bank of New York)

3:45 p.m. Break

4:00 p.m. 5:00 p.m. Fireside Chat on Monetary Policy: Lessons and Challenges 

John Williams (President, Federal Reserve Bank of New York)

Moderator: Colby Smith (US Economics Editor for the Financial Times)

Day 2: Thursday, 6 July 2023 (Venue: Columbia SIPA)

8:45 a.m. Welcome: Patricia Mosser (Columbia SIPA) 

8:50 a.m. – 10:00 a.m. High Level Panel: 

“Policy Challenges for Central Banks” 

Panelists: Lorie Logan (President and CEO Federal Reserve Bank of Dallas), Guillermo Ortiz (Former Governor of the Bank of Mexico and Treasurer of the Group of 30), Donald Kohn (Brookings Institution, former member of BOE Financial Stability Committee and former Vice Chair of the Federal Reserve)

Moderator: Patricia Mosser (Columbia SIPA)

10:30 a.m. – 12:30 p.m. Parallel Session 1 
Track A: Inflation Process and Policy

The Impact of Inflation on Households and Firms

Organised by: Banco de España

Committee: Galo Nuño, Myroslav Pidkuyko, Clodomiro Ferreira (Banco de España)

Chair: Clodomiro Ferreira

Click here to watch session 1 live
Michael Weber (Chicago Booth): “Inflation, Net Nominal Positions, and Consumption” co-authored with Andreas Hackethal, Philip Schnorpfeil
Discussant: Paola Boel (Federal Reserve Bank of Cleveland)
 Fernando Cirelli (New York University / Columbia SIPA): “Bank-Dependent Households and the Unequal Costs of Inflation”
Discussant: Gonzalo Paz-Pardo (ECB)
 Yucheng Yang (Princeton University / University of Zurich): “Redistributive Inflation and Optimal Monetary Policy” 
Discussant: Clodomiro Ferreira (Bank of Spain)
1:45 p.m. – 3:45 p.m. Parallel Session 2 
Track A: Inflation Process and Policy

Inflation, Costs, and Markups

Organised by: Federal Reserve Bank of Boston

Committee: Jose Luis Fillat, Philippe Andrade

Chair: Philippe Andrade

Click here to watch session 2 live
Hassan Afrouzi (Columbia University): ”Inflation and GDP Dynamics in Production Networks: A Sufficient Statistics Approach” co-authored with Saroj Bhattarai
Ina Hajdini (Federal Reserve Bank of Cleveland): “Low Passthrough from Inflation Expectations to Income Growth Expectations: Why People Dislike Inflation” co-authored with Edward Knotek, John Leer, Mathieu Pedemonte, Robert Rich, Raphael Schoenle
Jean-Paul L’Huillier (Federal Reserve Bank of Cleveland): “Can Supply Shocks Be Inflationary with a Flat Phillips Curve?” co-authored with Gregory Phelan    
Xuguang Simon Sheng (American University): “The Impact of Supply Chain Disruptions on Business Expectations during the Pandemic” co-authored with Brian C. Prescott, Brent Meyer.
4:15 p.m. – 6:15 p.m. Parallel Session 3
Track A: Inflation Process and Policy

Inflation: Drivers and Dynamics

Organised by: Federal Reserve Bank of Cleveland’s Center for Inflation Research

Committee: Robert Rich (Federal Reserve Bank of Cleveland) and Raphael Schoenle (Brandeis University)

Chair: Robert Rich

Click here to watch session 3 live
Dennis Bonam (De Nederlandsche Bank): “Global Supply Chain Pressures, Inflation, and Implications for Monetary Policy” Co-authored with Guido Ascari, Andra Smadu
Michael Kiley (Federal Reserve Board): “The Role of Wages in Trend Inflation: Back to the 1980s?”
Conny Olovsson (ECB, Sveriges Riksbank): “Greenflation?” co-authored with David Vestin
Simon Smith (Federal Reserve Board): “Breaks in the Phillips Curve: Evidence from Panel Data” co-authored with Allan Timmermann (UCSD) and Jonathan Wright (Johns Hopkins and NBER)

Day 3: Friday, 7 July 2023 (Columbia SIPA)

8:00 a.m. – 10:00 a.m. Parallel Session 4
Track A: Inflation Process and Policy

Monetary Policy and Inflation: The Role of Heterogeneity

Organised by: Bank of Italy

Committee: Massimiliano Pisani, Francesco Zollino (Bank of Italy)

Chair: Massimiliano Pisani (Bank of Italy)

Click here to watch session 4 live

Mishel Ghassibe (CREi, UPF, BSE): “Endogenous Production Networks and Non-Linear Monetary Transmission”

 Christian Höynck (Bank of Italy): “The (Unequal) Rise of Market Power, Nominal Rigidities, and Monetary Non-Neutrality” co-authored with Minghao Li, Donghai Zhang

 Emiliano Santoro (Catholic University of Milan): “Consumer Durables and Monetary Transmission in a Two-sector HANK Economy“ co-authored with Emil Holst Partsch, Ivan Petrella

 Andreas Schaab (Toulouse School of Economics): “Monetary and Fiscal Policy According to HANK-IO” co-authored with Stacy Tan

10:30 a.m. – 12:00 noon
Panel: “Challenges for Policy After the Return of Inflation: New Directions for Research?”
Click here to watch the panel live
Edward Knotek (Research Director, Federal Reserve Bank of Cleveland)
Catherine L. Mann (Monetary Policy Committee of the Bank of England)
Ludwig Straub (Harvard University)
Moderator: Oleksiy Kryvtsov (Bank of Canada)


1:15 p.m. – 3:15 p.m. Parallel Session 5 
Track A: Inflation Process and Policy

Inflation and Financial Intermediation

Organised by: Central Bank of Ireland

Committee: Fergal McCann, David Byrne, Fang Yao

Chair: David Byrne

Click here to watch session 5 live
Matthew Baron (Cornell University): “Inflation and Disintermediation” co-authored with Isha Agarwal.
Discussant: Rebecca Stuart (University of Neuchatel, Switzerland)
Stephan Luck (Federal Reserve Bank of New York): “The Debt-Inflation Channel of the German Hyperinflation” co-authored with Markus Brunnermeier, Sergio Correia, Emil Verner, Tom Zimmermann
Discussant: Björn Richter (Universitat Pompeu Fabra)
Björn Richter (Universitat Pompeu Fabra): “Monetary Policy, Inflation, and Crises: New Evidence from History and Administrative Data” co-authored with Gabriel Jiménez, Dmitry Kuvshinov, José-Luis Peydró
Discussant:  David Byrne (Central Bank Ireland)
3:45 p.m. – 5:45 p.m. Parallel Session 6
Track A: Inflation Process and Policy

Monetary Policy and Inflation Dynamics in a Non-Linear World

Organised by: De Nederlandsche Bank

Committee: Guido Ascari, Kostas Mavromatis, Paolo Bonomolo

Chair: Guido Ascari

Click here to watch session 6 live
Alex Grimaud (Wirtschaftsuniversität Wien & TU Wien): “Price Setting Frequency and the Phillips Curve” co-authored with Emanuel Gasteiger
Discussant: Jean Paul L’Huillier (Federal Reserve Bank of Cleveland)
Martín Harding (Bank of Canada): “Understanding Post-Covid Inflation Dynamics” co-authored with Jesper Lindé and Mathias Trabandt
Discussant: Marco Del Negro (Federal Reserve Bank of New York)
Stephanie Schmitt-Grohe (Columbia University): “Heterogeneous Downward Nominal Wage Rigidity: Foundations of a Static Wage Phillips Curve” co-authored with Martin Uribe
Discussant: Pablo Cuba Borda (Federal Reserve Board of Governors)