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Conference on Monetary Economics

Conference on Monetary Economics
10 Jun. 2019 to 11 Jun. 2019
10.00 - 18.00
The 10th Banco de Portugal Conference on Monetary Economics will be held in Lisboa, June 10 -11, 2019. The Conference aims at bringing together economists to discuss research on monetary theory and policy.

The Conference venue is in the Banco de Portugal main building located in the historical part of Lisboa at Rua do Comércio, 148.

Attendance is by invitation only.

The Scientific Committee for the Conference is Isabel Correia, Sérgio Rebelo and Pedro Teles.

Questions about arrangements should be addressed to Maria Soledade Sartóris (
Monday, June 10
10.00 - 11.15 State Dependent Effects of Monetary Policy: the Refinancing Channel
Martin Eichenbaum (Northwestern University), Sérgio Rebelo (Northwestern University) and Arlene Wong (Princeton University)

Discussant: Robert Hall (Stanford University)
11.15 - 11.35Coffee
11.35 - 12.50Mussa Puzzle Redux
Oleg Itskhoki (Princeton University) and Dmitry Mukhin (Yale University)

Discussant: Craig Burnside (Duke University)
13.00 - 15.00Lunch
15.00 - 16.15Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks
Stephanie Schmitt-Grohé (Columbia University) and Martín Uribe (Columbia University)

Discussant: Juan Pablo Nicolini (Federal Reserve Bank of Minneapolis and Universidad Di Tella)
16.15 - 16.35Coffee
16.35 - 17.50 The Short Rate Disconnect in a Monetary Economy
Moritz Lenel (Princeton University), Monika Piazzesi (Stanford University) and Martin Schneider (Stanford University)

Discussant: Alan Moreira (University of Rochester)

Tuesday, June 11
10.00 - 11.15 Optimal Inflation and the Identification of the Phillips curve
Michael McLeay (Bank of England) and Silvana Tenreyro (Bank of England)

Discussant: John Leahy (University of Michigan)
11.15 - 11.35Coffee
11.35 - 12.50Technological Innovation and Labor Income Risk
Leonid Kogan (MIT Sloan School of Management), Dimitris Papanikolaou (Kellogg School of Management), Lawrence D. W. Schmidt (MIT Sloan School of Management) and Jae Song (Social Security Administration)

Discussant: David Hemous (University of Zurich)
13.00 - 15.00Lunch
15.00 - 16.15The Macroeconomics of the Greek Depression
Loukas Karabarbounis (University of Minnesota), Gabriel Chodorow-Reich (Harvard University) and Rohan Kekre (University of Chicago)

Discussant: Harris Dellas (University of Bern)
16.15 - 16.35Coffee
16.35 - 17.50 Asset Prices and Unemployment Fluctuations
Patrick Kehoe (Stanford University), Pierlauro Lopez (Banque de France), Virgiliu Midrigan (New York University) and Elena Pastorino (Stanford University)

Discussant: Gabriel Chodorow-Reich (Harvard University)