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PSE Macro Days 2022 | September 15-16

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Paris School of Economics is pleased to invite you on September 15-16 to the 2022 edition of the Annual Conference of the International Macroeconomics and Macroeconomic Risk Chairs.

PSE Macro Days 2022

Dates: September 15-16, 2022
Venue: Paris School of Economics
48 boulevard Jourdan, 75014 Paris, Auditorium


Thursday September 15th

Session I: Annual Conference of the Macroeconomic Risk Chair

10:00 Registration and coffee

10:15-10:30 Welcome address, Daniel Cohen (President of the Board of directors of PSE) and Philippe Trainar (Directeur of the Fondation SCOR pour la Science)

10:30-11:30 Optimal Monetary Policy when r*<0
Roberto Billi (Sveriges Riksbank), Jordi Galí (CREI, UPF, BSE), Anton Nakov* (European Central Bank)
Discussant: Michaela Elfsbacka Schmöller (Bank of Finland)

11:30-12:30 Gazing at r* : A Hysteresis Perspective
Paul Beaudry (Bank of Canada), Katsiaryna Kartashova (Bank of Canada), Cesaire Meh* (Bank of Canada)
Discussant: Jean-Baptiste Michau (Polytechnique)

12:30-13:30 Lunch break

13:30-14:30 Keynote Lecture
Subjective Housing Price Expectations, Falling Natural Rates and the Optimal Inflation Target
Klaus Adam* (University of Mannheim), Oliver Pfäuti (University of Mannheim), Timo Reinelt (University of Mannheim)

14:30-15:00 Coffee break

15:00-16:00 Essential Business Cycles
Michele Andreolli (LBS), Natalie Rickard* (LBS), Paolo Surico (LBS)
Discussant: Facundo Piguillem (EIEF)

16:00-17:00 The Inflationary Effects of Sectoral Reallocation
Francesco Ferrante* (Federal Reserve Board), Sebastian Graves (Federal Reserve Board), Matteo Iacoviello (Federal Reserve Board)
Discussant: Omar Rachedi (ESADE Business School)

17:00-17:30 Coffee break

17:30-18:30 Roundtable: Why is the euro falling relative to the dollar?
Participants: Klaus Adam (University of Mannheim), Giancarlo Corsetti (EUI), Martin Uribe (Columbia University)
Moderator: Gilles Saint-Paul (Paris School of Economics, École normale supérieure - PSL)

Friday September 16th

Session II: Annual Conference of the International Macroeconomics Chair

08:45 Coffee

09:00-10:00 A Behavioral Heterogeneous Agent New Keynesian Model
Oliver Pfäuti* (University of Mannheim), Fabian Seyrich (University of Mannheim)
Discussant: Stephane Dupraz (Banque de France)

10:00-11:00 The Heterogeneous Impact of Inflation on Households’ Balance Sheet
Miguel Cardoso (BBVA Research), Clodomiro Ferreira (Bank of Spain), José Miguel Leiva (BBVA), Galo Nuño* (Bank of Spain), Álvaro Ortiz (BBVA), Tomasa Rodrigo (BBVA), Sirenia Vazquez (BBVA)
Discussant: Riccardo Cioffi (UCL, PSE)

11:00-11:30 Coffee break

11:30-12:30 The Long-Run Phillips Curve is ... a Curve∗
Guido Ascari* (De Nederlansche Bank), Paolo Bonomolo (De Nederlansche Bank)
Discussant: Sarah Mouabbi (Banque de France)

12:30-13:30 Lunch break

13:30-14:30 Keynote Lecture
What Do Long Data Tell Us About the Inflation Hike Post COVID-19 Pandemic?
Stephanie Schmidt-Grohe (Columbia University), Martin Uribe* (Columbia University)

14:30-15:30 Understanding Post-Covid Inflation Dynamics
Martin Harding* (Bank of Canada), Jesper Linde (IMF), Matthias Trabandt (Goethe University)
Discussant: Francesco Furlanetto (Norges Bank)

15:30-16:00 Coffee break

16:00-17:00 Keynote Lecture
Gambling on price (and fiscal) stability
Giancarlo Corsetti* (EUI), Bartosz Mackowiak (ECB)


Tobias Broer (Paris 1 Panthéon-Sorbonne University and Paris School of Economics)
Juan Carluccio (Banque de France)
Axelle Ferriere (CNRS and Paris School of Economics)
Gilles Saint-Paul (École normale supérieure - PSL and Paris School of Economics)
Francesco Pappadà (Βanque de France and Paris School of Economics)

Watch the replay of the conference:

Thursday September 15th (1/2)

See more videos of the Macroeconomic Risk

Friday September 16th (2/2)

See more videos of the International Macroeconomics