The 52nd Konstanz Seminar was held on September 9/10, 2021; in a hybrid format. Participation is by invitation only. The Seminar is held under the Chatham House Rule.

Presenters and discussant:
Maarten R.C. van Oordt, Bank of Canada
Best Before? Expiring Central Bank Digital Currency and Loss Recovery (with Charles M. Kahn and Yu Zhu),
Discussant: Carl-Andreas Clausen, Riksbank
Kei-Mu Yi, University of Houston
Multinationals and Structural Change
(with Vanessa Alviarez, Cheng Chen, Nitya Pandalai-Nayar, Liliana Varela, and Hongyong Zhang)
Discussant: Carolina Villegas-Sanchez, ESADE Business School
Dirk Krueger, University of Pennsylvania
The Long-Term Distributional and Welfare Effects of Covid-19 School Closures (with Nicola Fuchs-Schündeln, Alexander Ludwig, and Irina Popova)
Discussant: Ruediger Bachmann, Notre Dame
Kurt Mitman, IIES
Why Does Capital Flow from Equal to Unequal Countries? (with Sergio de Ferra and Federica Romei)
Discussant: Edouard Challe, European University Institute
Axelle Ferriere, Paris School of Economics
Larger transfers financed with more progressive taxes? On the optimal design of taxes and transfers (with Philipp Grübener, Gaston Navarro, and Oliko Vardishvili)
Discussant: Isaac Baley, CREI and UPF
Rubén Domínguez-Díaz, U Bonn
Precautionary Savings and Financial Frictions
Discussant: R. Anton Braun, Federal Reserve Bank of Atlanta
Kenza Benhima, HEC Lausanne
Foreign currency debt and expectations (with Isabella Blengini and Ouarda Merrouche)
Discussant: Fernanda Nechio, Federal Reserve Bank of San Francisco
Policy session:
Speaker: Rolf Strauch, Chief Economist and Member of the Management Board European Stability Mechanism