Seventh ECB Annual Research Conference
12 and 13 September 2022
Hybrid event
This is the seventh edition of the Annual Research Conference, the ECB’s flagship research event. The conference features research paper presentations by leading economists on topics relevant for a central bank. The highlight is the Jean Monnet Lecture, delivered this year by Nobel laureate Jean Tirole.
Programme
Speakers- 14:00
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Welcoming remarks
Reconciling the macro and micro evidence on the effects of monetary policy
Isabel Schnabel, Member of the Executive Board, European Central Bank
- 14:15
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Session I
Chair: Christiane Nickel, European Central Bank
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Price selection in the microdata
Peter Karadi, European Central Bank (together with Raphael Schoenle, Brandeis University, and Jesse Wursten, Katholieke Universiteit Leuven)
Discussant: Francesco Lippi, Einaudi Institute for Economics and Finance - 15:15
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Temporary layoffs, loss-of-recall, and cyclical unemployment dynamics
Antonella Trigari, Bocconi University (together with Mark Gertler, New York University, and Christopher Huckfeldt, Cornell University)
Discussant: Fabien Postel-Vinay, University College London and Institute for Fiscal Studies
- 16:15
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Coffee break
- 16:30
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Session II
Chair: Luc Laeven, European Central Bank
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The reserve supply channel of unconventional monetary policy
Yiming Ma, Graduate School of Business (together with William Diamond, Wharton School, University of Pennsylvania, and Zhengyang Jiang, Kellogg School of Management, Northwestern University)
Discussant: Agnese Leonello, European Central Bank
- 17:30
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Jean Monnet Lecture
Regulating the tech giants: Competition policy at a crossroad
Jean Tirole, Toulouse School of Economics
Interview with Jean Tirole
- 18:30
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End of day one
- 9:30
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Session III
Chair: Massimo Rostagno, European Central Bank
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Monetary policy in the age of automation
Luca Fornaro, CREI and Universitat Pompeu Fabra (together with Martin Wolf, University of St. Gallen)
Discussant: Morten O. Ravn, University College London
- 10:30
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A model of the data economy
Maryam Farboodi, Sloan School of Management, Massachusetts Institute of Technology (together with Laura Veldkamp, Graduate School of Business, Columbia University)
Discussant: Edouard Schaal, CREI and Universitat Pompeu Fabra
- 11:30
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Coffee break
- 11:45
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Session IV
Chair: Philipp Hartmann, European Central Bank
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What can time-series regressions tell us about policy counterfactuals?
Alisdair McKay, Federal Reserve Bank of Minneapolis (together with Christian K. Wolf, Massachusetts Institute of Technology)
Discussant: Daniel J. Lewis, University College London
- 12:45
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Lunch
- 14:15
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The effect of macroeconomic uncertainty on household spending
Dimitris Georgarakos, European Central Bank (together with Olivier Coibion, University of Texas at Austin, Yuriy Gorodnichenko, University of California, Berkeley, Geoff Kenny, European Central Bank, and Michael Weber, Booth School of Business, University of Chicago)
Discussant: Jeanne Commault, Sciences Po
- 15:15
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Coffee break
- 15:30
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Debate: The outlook for inflation in the euro area
- Paul R. Krugman, Graduate Center, City University of New York
- Lawrence H. Summers, Kennedy School of Government, Harvard University
Moderator: Beatrice Weder Di Mauro, Geneva Graduate Institute, President of the Centre for Economic Policy Research
- 16:30
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End of conference
This programme may be subject to change without notice.
Time allocation: 30 minutes for each paper presenter, 15 minutes for each discussant, and 15 minutes for a general discussion.
Audiovisual notice: Please note that the entire event will be recorded and proceedings published on You Tube shortly after the conference. The event will be live-streamed on You Tube and ECB pages.
General information
Conference language
English
Contacts
Organising committee
Luc Laeven, Marie Hoerova, Bartosz Maćkowiak, Alexander Popov (all European Central Bank)
Contact persons
- Bartosz Maćkowiak Bartosz.Mackowiak@ecb.europa.eu
- Sabine Wiedemann ARConference@ecb.europa.eu