50th Konstanz Seminar, 2019

The conference was held on June 5 and June 6, 2019. Welcome reception on June 4 at 19:00h, Strandhotel Löchnerhaus.

Program as pdf download

Wednesday, June 5

Morning Session: 8:30 – 12:45

Stephanie Schmitt-Grohé (Columbia University): Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks
with Martín Uribe, slides
Discussant: Evi Pappa (Carlos III), slides

Rosen Valchev (Boston College): The International Medium of Exchange
with Ryan Chahrour, slides
Discussant: Martin Wolf (U Vienna), slides

Coffee 11:00 – 11:30

Ricardo Reis (London School of Economics): The People versus the Markets: Inflation and Monetary Policy, slides
Discussant: Emanuel Moench (Deutsche Bundesbank), slides

Lunch: 12:45 – 14:15

Afternoon Session: 14:15 – 17:00

Ana Maria Santacreu (Federal Reserve Bank of St. Louis): Knowledge Diffusion, Trade and Innovation across Countries and Sectors
with Jie Cai and Nan Li, slides
Discussant: Christian Bayer (U Bonn), slides

Coffee 15:30 – 15:45

Michael Weber (Chicago Booth): Human Frictions in the Transmission of Economic Policy
with Francesco D’Acunto, Daniel Hoang, and Maritta Paloviit, slides
Discussant: Nathanael Vellekoop (Goethe University, Frankfurt), slides

Dinner: 20:00 (Strandhotel Löchnerhaus)


Thursday, June 6

Morning Session: 9:00-12:30

Barry Eichengreen (UC Berkeley): Thick vs. Thin-Skinned: Technology, News, and Financial Market Reaction
with Romain Lafarguette and Arnaud Mehl
Discussant: Michael Bordo (Rutgers)

Coffee 10:15 – 10:30

Juergen von Hagen (U Bonn):
The Konstanz Seminar at 50 – debates of the past and the present. Karl Brunner and the Konstanz Seminar

Panel discussion on “The international monetary architecture:
Zvi Eckstein (Tiomkin School of Economics),
Charles Goodhart (London School of Economics), 
Haizhou Huang (China International Capital Corporation),
Benoit Mojon (BIS)

Lunch: 12:30 – 14:00

Afternoon Session: 14:00 – 16:45

Nir Jaimovich (University of Zurich): A Tale of Two Workers: The Macroeconomics of Automation
with Itay Saporta-Eksten, Henry Siu, Yaniv Yedid-Levi
Discussant: Ester Faia (Goethe University, Frankfurt)

Coffee 15:15 – 15:30

Paolo Surico (London Business School): Monetary Policy, Corporate Finance, and Investment
with James Cloyne, Clodomiro Ferreira, Maren Froemel
Discussant: Discussant: Petr Sedláček (Oxford)

Policy session: 17:15- 18:00

Speaker: Fritz Zurbrügg (Vice President, Swiss National Bank)

Dinner: Boat departs at 19:00 sharp. Boat to conference dinner at Hotel Waaghaus (Gottlieben, CH)

The seminar is by invitation only and held under Chatham House Rule.