| Thursday, May 23, 2019 |
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| 8:30 a.m – 9:00 a.m. |
Registration and Welcome Coffee
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| 9:00 a.m. – 9:10 a.m. |
Welcoming Remarks
Norman TL Chan, Chief Executive, Hong Kong Monetary Authority
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| 9:10 a.m. – 10:00 a.m. |
Remarks
James Bullard, President and Chief Executive Officer, Federal Reserve Bank of St. Louis
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| 10:00 a.m.–10:30 a.m. |
Coffee Break
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| 10:30 a.m.–12:00 n.n. |
Session 1
Chair: James Yetman, Bank for International Settlements
Title: Monetary Policy in Incomplete Market Models: Theory and Evidence
Marcus Hagedorn, University of Oslo
Iourii Manovskii, University of Pennsylvania
Kurt Mitman, Institute for International Economic Studies *
Discussant: Pengfei Wang, Hong Kong University of Science and Technology
Title: Quantitative Easing
Wei Cui, University College London *
Vincent Sterk, University College London
Discussant: Gianluca Violante, Princeton University
|
| 12:00 n.n. – 2:00 p.m. |
Luncheon and Speech (By invitation)
Sayuri Shirai, Professor of Keio University, Former Bank of Japan Board Member
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| 2:00 p.m. – 3:30 p.m. |
Session 2
Chair: David Cook, Hong Kong University of Science and Technology
Title: Computing the Distribution: Adaptive Finite Volume Methods for Economic Models with Heterogeneous Agents
SeHyoun Ahn, Norges Bank *
Discussant: Keshav Dogra, Federal Reserve Bank of New York
Title: Employment and the Collateral Channel of Monetary Policy
Saleem Bahaj, Bank of England *
Angus Foulis, Bank of England
Gabor Pinter, Bank of England
Paolo Surico, London Business School and CEPR
Discussant: Giuseppe Moscarini, Yale University
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| 3:30 p.m. – 4:00 p.m. |
Coffee Break
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| 4:00 p.m. – 5:30 p.m. |
Session 3
Chair: Ilhyock Shim, Bank for International Settlements
Title: A Theory of Housing Demand Shocks
Zheng Liu, Federal Reserve Bank of San Francisco
Pengfei Wang, Hong Kong University of Science and Technology *
Tao Zha, Emory University and Federal Reserve Bank of Atlanta
Discussant: Yulei Luo, The University of Hong Kong
Title: Mortgage Prepayment and Path-Dependent Effects of Monetary Policy
David Berger, Northwestern University
Konstantin Milbradt, Northwestern University *
Fabrice Tourre, Copenhagen Business School
Joseph Vavra, University of Chicago
Discussant: Fatih Karahan, Federal Reserve Bank of New York
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| 5:30 p.m. – 6:10 p.m. |
Keynote Speech
Title: The Job Ladder: Inflation vs Reallocation
Giuseppe Moscarini, Yale University
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| 6:10 p.m. |
Conference Dinner (By invitation)
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| Friday, May 24, 2019 |
|
| 8:30 a.m – 9:00 a.m. |
Registration and Welcome Coffee
|
| 9:00 a.m. – 9:40 a.m. |
Keynote Speech
Gianluca Violante, Princeton University
|
| 9:40 a.m. – 11:00 a.m. |
Session 4: Heterogeneous Agents Models at the New York Fed
Chair: Cho-hoi Hui, Hong Kong Monetary Authority
Title: Estimating HANK Models
Sushant Acharya, Federal Reserve Bank of New York
Marco Del Negro, Federal Reserve Bank of New York *
Keshav Dogra, Federal Reserve Bank of New York
Title: Monetary Policy, Heterogeneity and the Housing Channel
Aaron Hedlund, University of Missouri
Fatih Karahan, Federal Reserve Bank of New York *
Kurt Mitman, Institute for International Economic Studies
Serdar Ozkan, University of Toronto
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| 11:00 a.m.–11:20 a.m. |
Coffee Break
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| 11:20 a.m.–12:30 p.m. |
Session 5
Chair: Frank Packer, Bank for International Settlements
Title: The first twenty years of the European Central Bank: Monetary Policy
Philipp Hartmann, European Central Bank *
Frank Smets, European Central Bank
Discussant: Paolo Pesenti, Federal Reserve Bank of New York
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| 12:30 p.m. – 2:00 p.m. |
Luncheon (By invitation)
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| 2:00 p.m. – 4:00 p.m. |
Panel discussion
Chair: Lillian Cheung, Hong Kong Monetary Authority and Hong Kong Institute for Monetary Research
Panelists:
Beverly Hirtle, Federal Reserve Bank of New York
Yiping Huang, Beijing University
Andrew Filardo, Bank for international Settlements
Hiroaki Miyamoto, International Monetary Fund
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| 4:00 p.m. |
Adjourn
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-End -
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| * Presenter |
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