Thursday August 26th
09:30-10:20
Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium
Vladimir Asriyan (CREi, Barcelona GSE, CEPR), Luc Laeven (European Central Bank, CEPR), Alberto Martin (CREi, Barcelona GSE, CEPR), Alejandro Van der Ghote (European Central Bank), Victoria Vanasco (CREi, Barcelona GSE, CEPR)
Discussant: Dominik Thaler (Bank of Spain)
10:20-11:10
How Does Permanent Income Affect Households’ Response to Income Shocks?
Jeanne Commault (Sciences Po)
Discussant: Gaetano Gaballo (HEC Paris, CEPR)
11:10-11:30 Coffee break
11:30-12:20
Globalization, Structural Change and International Comovement
Barthelemy Bonadio (University of Michigan), Zhen Huo (Yale University), Andrei A. Levchenko (University of Michigan, CEPR), Nitya Pandalai-Nayar (University of Texas at Austin)
Discussant: Francesco Pappadà (Paris School of Economics, BdF)
12:20-13:10
Invited talk
Shall we assume that monetary authorities follow a Taylor Rule?
Franck Portier (University College London, CEPR)
13:10-14:10 Lunch
14:10-14:50
Fiscal Rules and Discretion with Risk of Default
Chiara Felli (Luiss), Facundo Piguillem (EIEF, CEPR), Liyan Shi (EIEF, CEPR)
14:50-15:10 Coffee break
15:10-16:00
Invited talk
Monetary policy in the North and in the South
Claudio Michelacci (EIEF, CEPR)
18:30-20:00
Guided tour of Lecce
20:00
Social dinner at Blunotte Restaurant in Lecce
Friday August 27th
09:30-10:20
Herding Cycles
Edouard Schaal (CREi, UPF, Barcelona GSE, CEPR) and Mathieu Taschereau-Dumouchel (Cornell University)
Discussant: Jeremy Boccanfuso (University of Bologna)
10:20-11:10
Are Households Indifferent to Monetary Policy Announcements?
Fiorella De Fiore (Bank for International Settlements, CEPR), Marco Lombardi (Bank for International Settlements), Johannes Schuffels (Maastricht University)
Discussant: Francesco D’Acunto (Boston College)
11:10-11:30 Coffee break
11:30-12:20
Heterogeneous Labor Market Effects of Monetary Policy
Nittai Bergman (Tel Aviv University), David Matsa (Kellogg Northwestern University), Michael Weber (The University of Chicago Booth School of Business, CEPR)
Discussant: Federico Ravenna (Danmarks Nationalbank, CEPR)
12:20-13:10
Invited talk
Household Heterogeneity and Business Cycles
Giorgio Primiceri (Northwestern University, CEPR)
13:10-14:00 Lunch
15:30
Bus departure: From Piazzetta Caduti sul Lavoro to Porto Selvaggio (Ionian Sea)
Organizers:
Gaetano Gaballo (HEC Paris, CEPR)
Francesco Pappadà (Paris School of Economics, Βanque de France)
The organizers kindly acknowledge the financial support from the Chair Banque de France at Paris School of Economics.
Call for papers
The fourth edition of the Salento Macro Meetings will take place in Lecce, Italy on the 26th and 27th of August 2021. The objective of this event is to bring distinguished researchers in Macroeconomics in the relaxed and fruitful atmosphere of Salento, the peninsula located in the southernmost region of Apulia, Italy.
The conference is planned as an in-person event. Should travel restrictions bind by the time of the conference, we will allow speakers to participate on-line if needed.
We welcome submissions of theoretical or empirical papers addressing issues including (but not limited to):
· Business cycles fluctuations
· Monetary and fiscal policy in closed and open economy
· Imperfect information
· Firm dynamics and heterogeneity
Submissions from members of under-represented groups in the economics profession are encouraged. Confirmed speakers of this edition are:
Claudio Michelacci (Einaudi Institute for Economics and Finance)
Franck Portier (University College London)
Giorgio Primiceri (Northwestern University)
The workshop organization will be able to cover accommodation expenses for speakers. Financial support from the Chair Banque de France at the Paris School of Economics is kindly acknowledged.
Please send a pdf of your paper to salento.macro.meetings@gmail.com.
The deadline for submissions is May 31, 2021.
Location
Lecce is located at the heart of Salento, the peninsula at the southern end of the administrative region of Puglia, Italy. The region is well known for its natural landscapes, like the beaches on the Adriatic and Ionian Sea as well as for the rich Baroque architectural monuments. The closest airport is Brindisi, which is about 40km north of Lecce.