The conference will be held from Tuesday, May 19th to Thursday, May 21st 2026.
Participation is by invitation only.
Presenters and discussants:
Tereza Ranošová, Deutsche Bundesbank
Financial Constraints and Capital-Labor Substitution in Response to Monetary Policy (with Hanna Onyshchenko)
Discussant: Beatriz González, Banco de España
Christian Bayer, University of Bonn
Fiscal constraints on Monetary Policy: How Debt Limits Monetary Effectiveness (with Zheng Gong and Keith Kuester)
Discussant: Xavier Ragot, Science Po
Francesco Bianchi, Johns Hopkins University
Fiscal Policy and the Saving Glut of the Rich (with Leonardo Melosi, Nicolò Ceneri and Alessandro T. Villa)
Discussant: Ralph Luetticke, University of Tübingen
Maxime Phillot, Swiss National Bank
Treasury Supply Shocks: Propagation Through Debt Expansion and Maturity Adjustment (with Huixin Bi and Sarah Zubairy)
Discussant: Emanuel Moench, Frankfurt School of Finance & Management
Nitya Pandalai Nayar, University of Texas at Austin
Noisy News: Theory and Evidence from AI (with Christoph Boehm, Zhen Huo and Andrei Levchenko)
Discussant: Wouter den Haan, London School of Economics
Stephanie Schmitt-Grohé, Columbia University
Transitory and Permanent Import Tariff Shocks in the United States: An Empirical Investigation (with Martín Uribe)
Discussant: Tommaso Monacelli, Bocconi University
Christoph Boehm, University of Texas at Austin
Monetary Policy without Moving Interest Rates: The Fed Non-Yield Shock (with Niklas Kroner)
Discussant: Peter Karadi, European Central Bank
Sanjay R. Singh, Federal Reserve Bank of San Francisco and UC Davis
Real and Nominal Assets under Inflation Targeting (with Nicolas Caramp)
Discussant: Ambrogio Cesa-Bianchi, Bank of England
Corina Boar, New York University
Nonlinear Inflation Dynamics in Menu Cost Economies (with Andres Blanco, Callum Jones, and Virgiliu Midrigan)
Discussant: Anton Nakov, European Central Bank
Policy session:
Christopher J. Waller
Member of the Board of Governors of the Federal Reserve System