EMPIRICAL MACROECONOMICS WORKSHOP: MONETARY POLICY AND FIRM HETEROGENEITY 2023

The Department of Economics at Wake Forest University is hosting a one-day empirical macroeconomics workshop.

The workshop will take place on Friday, March 31, 2023, in person on the campus of Wake Forest University. All sessions will take place in Benson University Center Room 401.

Program:

9:15 to 10:05 Paper 1 by Martina Jasova (Barnard): “Monetary Policy, Credit and Labor Income Redistribution: Evidence from Matched Employer-Employee and Credit Registers”. Discussant: Cooper Howes (Fed Board)

10:05 to 10:20 Coffee break

10:20 – 11:10 Paper 2 by Sudheer Chava (Georgia Tech): “Monetary Policy Guidance and the Cross-section of Returns” Discussant: Ali Ozdagli (Dallas Fed)

11:10 – 12:00 Paper 3 by Isha Agarwal (UBC): “Lending by Servicing: How Shadow Banks Dampen Monetary Policy Transmission” Discussant: Camelia Miniou (Atlanta Fed)

12:00 – 1:30 Lunch

1:30 – 2:20 Paper 4 by Julien Champagne (Bank of Canada): “Monetary Policy and Employment: Do Financial Constraints Matter?“ Discussant: Daniel Greenwald (NYU)

2:20 – 3:10 Paper 5 by Thiago Ferreira (Fed Board): “Firm Financial Conditions and the Transmission of Monetary Policy“ Discussant: Aeimit Lakdawala (Wake Forest)

3:10 – 3:40 Coffee break

3:40 – 4:30 Paper 6 by Timothy Moreland (UNCG): “Firm-level uncertainty and transmission of monetary policy“ Discussant: Daisoon Kim (NC State)

​5:00 – 6:00 Keynote talk by Eric Swanson: “Does the Federal Reserve Have Superior Information about the Economy?”