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On Thursday October 10, 2019 (Starting 3:30 p.m.): The Greenhorn Session

Opening Remarks: David Andolfatto (FRB, St. Louis)

1.  Capital Regulations and the Rise of Shadow Banking
      Hyunju Lee (Ryerson), Sunyoung Lee (Seoul) and Radoslaw Paluszynski (Houston)
      Discussion Chair: Chris Waller (FRB St. Louis)

2.  Monetary Policy Implementation under Negative Interest Rates
      Romina Ruprecht (SNB)Aleksander Berentsen (Basel) and Benjamin Müller (Basel)
      Discussion Chair: Radek Paluszynski (Houston)

3. Opacity: Insurance and Fragility
     Ryuichiro Izumi (Wesley)
     Discussion Chair: Martin Gervais (Georgia)

4. Unemployment Insurance and Occupational Switching
     Anna Houstecka (Autonoma de Barcelona)
     Discussion Chair: Martin Wolf (Wien)

5. Household Heterogeneity and the Adjustment to External Shocks of a Small Open Economy
     Julia Otten (Humboldt-Universität zu Berlin)
     Discussion Chair: Iacopo Morchio (Wien)

6. Sudden Stops and Reserve Accumulation in the Presence of International Liquidity Risk 
     Leopold Zessner-Spitzenberg and Flora Lutz (Wien, VGSE)
     Discussion Chair: Gabriel Lee (Regensburg / IHS)

On Friday October 11, 2019 (Starting at 9:30 a.m):
 Poster Slam Session: Doctoral Students (VGSE): 9:30-10:00 a.m.
    Session Chair: Florian Exler (Univ Vienna)
1. Nikola Grga: "Sources of the Long Term Movements of the Stock Market"
2. Regina Kiss: "Price setting under bilateral heterogeneity"
3. Alexander Hansak: "The Distributional Effects of Tax Evasion"
4. Zuzana Molnarova: "IHS macroeconomic model for impact assessment of public policies"
5. Jurica Zrnc: "The Late Payment Clearinghouse"

Starting at 10:00 a.m.

        Jonas Fisher, Jeff Campbell, Filippo Ferroni and Leo Melosi (all at FRB Chicago)
        Discussant: Marcus Hagedon (UIO)
        Session Chair: Anton Braun (FRB Atlanta)
        Daria Finocchiaro (Sveriges Riksbank and Uppsala) and Philippe Weil (Libre de Bruxelles)
        Discussant: Akos Valentinyi (Manchester)
        Session Chair: Borghan Narajabad (Board of Governors, FRS)
        Pietro Garibaldi (Torino), Pedro Gomes (Birbeck) and Thepthida Sopraseuth (Cergy-Pontoise)  
        Discussant: Christian Merkl (FAU, Nürnberg)
        Session Chair: Roman Sustek (Quenn Mary) 

10.  Sustainable Intergenerational Insurance 
        Francesco Lancia (Salerno), Alessia Russo (BI Norwegian Business School) and Tim Worrall (Edinburgh)
        Discussant: Paul Klein (Stockholm)
        Session Chair: Ctirad Slavik (CERGE)
        Marek Kapicka and Ctirad Slavík (both at CERGE)
        Discussant: Asier Mariscal (U.Rovira i Virgili)
        Session Chair: Natalia Kovrijnykh (ASU)

12.  The (Ir)relevance of Real Wage Rigidity for Optimal Monetary Policy 
        Britta Kohlbrecher (FAU,Nürnberg)
        Discussant: Allen Head (Queen)
        Session Chair: Sevi Mora (Edingburg)

13.  Firm Heterogeneity in Skill Returns 
        Michael J. Bohm (Bonn), Khalil Esmkhani (UBC) and Giovanni Gallipoli (UBC)
        Discussant: Serdar Ozkan (Toronto)
        Session Chair: Georgi Kocharkov (Deutsche Bundesbank)

On Saturday October 12, 2019 (Starting at 10:00 a.m):
         Alex Karaivanov (SFU) 
         Discussant: Aleksander Berentsen (Basel)
         Session Chair: Antonia Diaz (Carlos III)
        Francesco Lippi (EIEF and LUISS) and Fabrizio Perri (FRB, Minneapolis)
        Discussant: Neil Mehrotra (Brown)
        Session Chair:  Andrea Gatto (NRI at Greenwich & NCH at Northeastern)
       Shu Lin Wee (Carnegie Mellon) and Sushant Acharya (FRB New York)
        Discussant: Gueorgui Kambourov (Toronto)
        Session Chair: Aspen Gorry (Clemson)
        Yaniv Yedid-Levi (IDC Herzliya)Nir Jaimovich (Zurich), Itay Saporta-Eksten (Tel Aviv and UCL) and Henry Siu (UBC)
        Discussant: Maximilano Dvorkin (FBR St. Louis)
        Session Chair: Harris Dallas (Bern)

         18. On the Essentiality of Credit and Banking at the Friedman Rule
                                Paola Boel (Riskbank) and Chris Waller (FRB, St. Louis)
                                Discussant: Carolyn Sissoko (Independent researcher)
                    Session Chair: Xavier Mateos-Planas (Queen Mary)

         19.  Why Doesn't Technology Flow to Poor Countries?
Todd Schoellman (FRB Minneapolis), Jonas Hjort (Columbia) and Hannes Malmberg (Minnesota)
                    Discussant: Giulio Fella (Queen Mary)
                    Session Chair:  Henry Siu (UBC)

* Presenter
  1. Other Official Participants  (Final as of October 7, 2019): Michael Reiter (IHS/VGSE),  Stefanie Braun (Regensburg), Vanessa Kunzmann (Regensburg), Jonas Kremer (Regensburg), Veronika Schmid (Regensburg),  Alessandro Marchesiani (Liverpool),  Tamas Papp (IHS), Susanne Forster (IHS), Gerhard Sorger (Wien), Marina Markheim (Basel), Philipp Schmidt-Dengler (Wien), Monika Merz (Wien), Maria Koumenta, (Queen Mary), Nawid Siassi (TU Wien), Betttina Hametner (Raiffeisenlandesbank)Emanuel Gasteiger (TU Wien), Katrin Rabitsch (WU Wien)
Vienna Macroeconomics Workshop Protocols 
The standard protocol in most conferences with discussants restricts questions from the audience during the presentation to be clarifying questions only. This is not the way our conference works. 
  • Presenters should be prepared for frequent interruptions and a lively discussion throughout their presentation. The organizers will, of course, ensure that inquisitors do not dwell overly long on the point they wish to discuss. The allotted time for presentation is 45 minutes. Presenters should prepare a slide deck designed for something closer to a 35-minute presentation. 
  • Discussants. Discussants will be allotted 15 minutes. The same rules apply to discussants: be prepared to be interrupted if people feel the need to question your interpretations/comments/criticisms. Also, please do not waste time rehashing the presentation. A one page summary of the model should in most cases be sufficient. Much of your thunder may already have been stolen by the audience during the presentation. This is perfectly fine. Just focus on what you believe to be the key substantive points of the paper. Feel free to support or critique audience comments. 
  • Audience. We encourage full participation throughout the conference. Be prepared to engage. Please do not open your laptops or check your phones during the presentations or discussions. There will be time during the breaks for you to do this. If you absolutely need to check messages or surf the web during the presentations, please feel welcome to leave the seminar room and return only after you are done. Thank you for your consideration.
  • Anyone can register for the conference without any fees: Please send an email to if you would like to participate.