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(August 26-27) Salento Macro Meetings 2021

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The fourth edition of the Salento Macro Meetings will take place in Lecce, Italy on the 26th and 27th of August 2021. The objective of this event is to bring distinguished researchers in Macroeconomics in the relaxed and fruitful atmosphere of Salento, the peninsula located in the southernmost region of Apulia, Italy.

Salento Macro Meetings 2021

Date: August 26th and 27th, 2021
Venue: Palazzo Tamborrino-Cezzi, Lecce


Thursday August 26th

10:00-10:50 Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium
Vladimir Asriyan (CREi, Barcelona GSE, CEPR)
Luc Laeven (European Central Bank, CEPR)
Alberto Martin* (CREi, Barcelona GSE, CEPR)
Alejandro Van der Ghote (European Central Bank)
Victoria Vanasco (CREi, Barcelona GSE, CEPR)

Discussant: Dominik Thaler* (Bank of Spain)

10:50-11:40 Universal Basic Income: A Dynamic Assessment
Diego Daruich (USC Marshall)
Raquel Fernandez* (New York University, CEPR)

Discussant: Facundo Piguillem* (EIEF, CEPR)

11:40-12:00 Coffee break

12:00-12:50 Invited talk
Shall we assume that monetary authorities follow a Taylor Rule?
Franck Portier* (University College London, CEPR)

12:50-14:00 Lunch

14:00-14:50 Globalization, Structural Change and International Comovement
Barthelemy Bonadio (University of Michigan)
Zhen Huo (Yale University)
Andrei A. Levchenko* (University of Michigan, CEPR)
Nitya Pandalai-Nayar (University of Texas at Austin)

Discussant: Francesco Pappadà* (PSE, BdF)

14:50-15:40 An Equilibrium Model of the International Price System
Dmitry Mukhin* (University of Wisconsin-Madison)

Discussant: Pablo Guerron-Quintana* (Boston College)

15:40-16:00 Coffee break

16:00-16:50 Invited talk
Monetary policy in the North and in the South
Claudio Michelacci* (EIEF, CEPR)

19:00-23:00 Social event and dinner at Blunotte Restaurant in Lecce

Friday August 27th

09:30-10:20 Herding Cycles
Edouard Schaal* (CREi, UPF, Barcelona GSE, CEPR)
Mathieu Taschereau-Dumouchel (Cornell University)

Discussant: Jeremy Boccanfuso* (University of Bologna)

10:20-11:10 How Does Permanent Income Affect Households’ Response to Income Shocks?
Jeanne Commault* (Sciences Po)

Discussant: Gaetano Gaballo* (HEC Paris, CEPR)

11:10-11:30 Coffee break

11:30-12:20 Invited talk
Giorgio Primiceri* (Northwestern University, CEPR)

12:20-13:30 Lunch

13:30-14:20 Stock Market’s Assessment of Monetary Policy Transmission: the Cash Flow Effect
Refet Gurkaynak* (Bilkent University, CEPR)
Hatice Gokce Karasoy-Can (Central Bank of the Republic of Turkey)

Discussant: Alessandro Rebucci* (Johns Hopkins, CEPR)

14:20-15:10 Are Households Indifferent to Monetary Policy Announcements?
Fiorella De Fiore* (Bank for International Settlements, CEPR)
Marco Lombardi (Bank for International Settlements)
Johannes Schuffels (Maastricht University)

Discussant: Francesco D’Acunto* (Boston College)

15:10-15:30 Coffee break

15:30-16:20 Heterogeneous Labor Market Effects of Monetary Policy
Nittai Bergman (Tel Aviv University)
David Matsa (Kellogg Northwestern University)
Michael Weber* (The University of Chicago Booth S. Business, CEPR)

Discussant: Federico Ravenna* (Danmarks Nationalbank, CEPR)

16:30 Bus departure:
From Piazzetta Caduti sul Lavoro to Rivabella Beach (Ionian Sea)


Gaetano Gaballo (HEC Paris and CEPR)
Francesco Pappadà (Paris School of Economics and Βanque de France)


The organizers kindly acknowledge the financial support from the “International Macroeconomics” Banque de France - PSE Chair at Paris School of Economics.