Every year EIEF hosts “The Rome Conference on Macroeconomics”, a.k.a. Pizzanomics. The aim is to bring together junior economists from around the world with a strong interest in Macroeconomics, and to generate a friendly environment with intensive interaction, not only during the presentations but also informally before and after. Speakers received direct invitation. The conference takes place on June with the speakers receiving invitations between January and March of each year.
Organizers until 2019: Guillermo Ordoñez (University of Pennsylvania), Luigi Paciello (EIEF), Facundo Piguillem (EIEF) and Nicholas Trachter (FRB Richmond).
Organizers 2020-2022: David Argente (Penn State University), Salome Baslandze (Atlanta FED), Juan Passadore (EIEF), Liyan Shi (EIEF).
Organizers since 2023: David Argente (Yale School of Management) Salome Baslandze (Atlanta FED), Liyan Shi (CMU), Liangjie Wu (EIEF).
The conference has been very successful attracting very high-quality participants. Bellow is the list of Previous speakers:
Danial Lashkari (NYU Fed) - “Growth through Innovation Bursts” with Giuseppe Berlingieri, Maarten De Ridder, and Davide Rigo.
Bernardo Ribeiro (Yale University) “Embracing the Future or Building on the Past? Growth with New and Old Technologies.”
Conor Walsh (Columbia Business School) “Clean Growth” with Costas Arkolakis.
Monica Morlacco (University of Southern California) “Concentration and Markups in International Trade” with Vanessa Alviarez, Michele Fiorettim and Ayumu K. Kikkawa .
Kevin Donovan (Yale School of Management) "Global Conflict, Trade, and Fertilizer Policy in Rwanda” with Wyatt Brooks.
Abdou Ndiaye (NYU) “Property Taxes and Housing Allocation under Financial Frictions” with Joshua Coven, Arpit Gupta, and Sebastian Holder.
Liliana Varela (LSE) “Granular Corporate Hedging under Dominant Currency” with Laura Alfaro and Mauricio Calani.
Lian Chen (University of California, Berkeley) “Why do People Dislike Inflation? Wage Erosion and Conflict” with Joao Guerreiro, Jonathon Hazell and Christina Patterson.
Niels Joachim Gormsen (University of Chicago-Booth) “Sticky Discount Rates” with Masao Fukui, and Kilian Hube.
Chris Clayton (Yale School of Management) “A Theory of Economic Coercion and Fragmentation” with Matteo Maggiori, and Jesse Schreger.
Paolo Martellini (University of Wisconsin) “A Theory of Business Transfers” with Anmol Bhandari, and Ellen McGrattan.
Laura Pilossoph (Duke University) “The Search Costs of Inflation” with Gizem Kosar, Davide Melcangi, and David Wiczer.
Jonathon Hazell (LSE) - “Bonus Question: How Does Incentive Pay Affect Wage Rigidity?” with John Grigsby and Abdoulaye Ndiaye.
Job Boerma (University of Wisconsin-Madison) -“Composite Sorting” with Aleh Tsyvinski, Ruodu Wang, and Zhenyuan Zhang.
Julieta Caunedo (University of Toronto) “Capital Embodied Structural Change” with Elisa Keller.
Hannes Malmberg (University of Minnesota) “The Economics of Capital Accumulation Amplification” .
Diego Känzig (Northwestern University) “The Unequal Economic Consequences of Carbon Pricing” .
Marta Prato (Yale and Bocconi) “Career Choice of Entrepreneurs and the Rise of ‘Smart’ Firms” with Ufuk Akcigit, Harun Alp, and Jeremy Pearce.
Murat A. Çelik (University of Toronto) “Dynamic Industrial Policy and Directed Innovation under Production and Idea Networks.”
Juan Herreño (UCSD) “Illiquid Markets, Asymmetric Information, and Investment” with Aimé Bierdel, Andres Drenik, and Pablo Ottonello.
Gideon Bornstein (UPenn-Wharton) “The Macroeconomics of Trade Credit” with Luigi Bocola.
Giulia Brancaccio (NYU-Stern) “Search Frictions and Product Design in the Municipal Bond Market” with Karam Kang.
Lucasz Rachel (Princeton/UCL) - “Leisure-Enhancing Technological Change"
Diana Van Patten (Yale) - “Strategic Complementarities in a Dynamic Model of Technology Adoption: Evidence from Mobile Payments,” with Fernando Alvarez, David Argente, Francesco Lippi, and Esteban Méndez-Chacón.
Stephen Terry (Boston University) - “The Empirical Distribution of Firm Dynamics and its Macro Implications," with Nir Jaimovich and Nicolas Vincent.
Johannes Boehm (Science Po) - “Growth and the Fragmentation of Production,” with Ezra Oberfield.
John Grigsby (Princeton) - “Searching for Approval,” with Sumit Agarwal, Ali Hortaçsu, Gregor Matvos, Amit Seru, and Vincent Yao.
Christian Wolf (MIT) - “What Can Time-Series Regressions Tell Us About Policy Counterfactuals?” with Alisdair McKay.
Pooya Molavi (Northwestern University) - “Simple Models and Biased Forecasts.”
Dimitry Mukhin (LSE) - “The optimal exchange rate policy,” with Oleg Itskhoki.
Rishab Kirpalani (University of Wisconsin-Madison) - “The Macroeconomic Implications of US Market Power in Safe Assets,” with Jason Choi and Diego Perez .
Karthik Sastry (MIT) - “Attention Cycles,” with Joel Flynn.
Kyle Henkerhoff (Minneapolis FED) - “Minimum Wages and Welfare,” with David Berger (Duke University) and Simon Mongey (University of Chicago).
Elisa Giannone (Penn State University) - “Unpacking Moving,” with Qi Li (Penn State), Nuno Paixao (Bank of Canada) and Xinle Pang.
Andres Drenik (Columbia University) - “Growing by the Masses: Revisiting the Link between Firm Size and Market Power,” with Hassan Afrouzi (Columbia University) and Ryan Kim (John Hopkins University).
Liangjie Wu (EIEF) - “Customer Specific Technological Progress” with Claudio Michelacci (EIEF).
Luminita Stevens (University of Maryland) - “Price Rigidities during the Great Recession,” with Camilo Morales-Jimenez (Board of Governors).
Ernest Liu (Princeton University) - “Dynamical Structure and Spectral Properties of Input-Output Networks,” with Aleh Tsyvinski (Yale University).
Elisa Rubbo (University of Chicago) - “Aggregation and Redistribution in New Keynesian Economies.”
David Baqaee (UCLA) - “The Supply-Side Effects of Monetary Policy,” with Emmanuel Farhi (Harvard University) and Kunal Sangani (Harvard Business School).
Eduardo Dávila (Yale University) - “The Value of Arbitrage,” with Daniel Graves (Yale University) and Cecilia Parlatore (NYU).
Rohan Kekre (University of Chicago - Booth) - “The Flight to Safety and International Risk Sharing,” with Moritz Lenel (Princeton University).
Maryam Farboodi (MIT -Sloan) - “A Growth Model of the Data Economy,” with Laura Veldkamp (Columbia Business School).
Christopher Tonetti (Stanford University GSB) “Knowledge Diffusion through Networks” with Treb Allen (Dartmouth College) and Kamran Bilir (University of Wisconsin-Madison).
Sara Moreira (Kellogg School of Management) “Patents to Products: Innovation, Product Creation, and Firm Growth” with David Argente (Penn State University), Salomé Baslandze (EIEF) and Douglas Hanley (University of Pittsburgh).
Liyan Shi (EIEF) “Restrictions on Executive Mobility and Reallocation: The Aggregate Effect of Non-Competition Contracts.”
Joel M. David (University of Southern California). “Risk-Adjusted Capital Allocation and Misallocation” with Lukas Schmid (duke Fuqua School of Business) and David Zeke (University of Southern California).
Wei Cui (University College London) “Quantitative Easing”, with Vincent Sterk (University College London).
Pablo Otonello (University of Michigan) “Global Banks and Systemic Debt Crises” with Juan Morelli (Stern -New York University) and Diego Perez (New York University).
Tommaso Porzio (University of California-San Diego) “Labor Reallocation and Wage Growth: Evidence from East Germany" joint with Wolfgang Dauth (University of Wurzberg), Sebastian Findeisen (University of Mannheim), and Sang Yoon (Tim) Lee (Queen Mary).
David Berger (Northwestern University) “Imperfect Risk-sharing and the Business Cycle” with Luigi Bocola (Stanford University) and Alessandro Dovis (University of Pennsylvania).
Ludwig Straub (Harvard University) “Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model” with Adrien Auclert (Stanford University) and Matthew Rognlie (Northwestern University).
Corina Boar (New York University) “Markups and Inequality” with Virgiliu Midrigan (New York University).
Anmol Bandhari (University of Minnesota, FRB Minneapolis) “Sweat Equity in US private business” with Ellen McGrattan (University of Minnesota).
David Argente (University of Chicago, EIEF) “How do Firms Grow? The Life Cycle of Products Matters” with Munseob Lee (UC San Diego) y Sara Moreira (Northwestern University).
Thomas Winberry (University of Chicago-Booth) “Financial Heterogeneity and the Investment Channel of Monetary Policy” with Pablo Ottonello (University of Michigan).
Simon Mongey (University of Chicago, FRB Minneapolis) “Market Structure and Monetary Non- neutrality."
Matthew Rognlie (Northwestern University) “The Intertemporal Keynesian Cross” with Adrien Auclert (Stanford University) and Ludwig Straub (MIT).
Giorgia Piacentino (Columbia Business School) “Money Runs” with Jason Donaldson (Washington University in St. Louis).
Pablo D’Erasmo (FRB Philadelphia) “Capital Requirements in a Quantitative Model of Banking Industry Dynamics" joint with Dean Corbae (Wisconsin School of Business).
Jason Donaldson (Washington University in St. Louis) “Netting” with Giorgia Piacentino (Columbia Business School).
Moritz Lenel (Princeton University) “Financial Stability, Monetary Policy and the Payment-Intermediary Share” with Monika Piazzesi (Stanford University) and Martin Schneider (Stanford University).
Benjamin Hebert (Stanford GSB) “Optimal Corporate Taxation Under Financial Frictions” with Eduardo Davila (NYU).
Ezra Oberfield (Princeton University) “Misallocation in the Market for Inputs: Enforcement and the Organization of Production” with Johannes Boehm (Sciences Po)
Jaromir Nosal (Boston College) “Market Power and Price Informativeness” with Marcin Kacperczyk (Imperial College London) and Savitar Sundaresan (Imperial College London).
Kurt Mitman (IIES, Stockholm University) “The Fiscal Multiplier” with Iourii Manovskii (UPenn) and Marcus Hagedorn (University of Oslo).
Arlene Wong (Princeton University, FRB Minneapolis) “Trading down and the business cycle” with Nir Jaimovich (University of Zurich) and Sergio Rebelo (Kellog).
Adrien Auclert (Stanford University) “Inequality and Aggregate Demand” with Matthew Rognlie (Northwestern University).
Vladimir Asriyan (UPF-CREi) “Sentiment, Liquidity and Asset Prices” with William Fuchs and Brett Green (UC Berkeley-Hass).
Jennifer La’O (Columbia University) “Optimal Fiscal and Monetary Policy with Informational frictions” with George- Marios Angeletos (MIT).
Juan Passadore (EIEF) “Optimal Debt-Maturity Management” with Saki Bigio (UCLA) and Galo Nuño (Banco de España).
Zhen Huo (Yale University) “Organizational Equilibrium with Capital” with Marco Bassetto (FRB Chicago) and Jose Victor Rios-Rull (University of Pennsylvania).
Martin Beraja (MIT) “Counterfactual Equivalence in Macroeconomics.”
Jaroslav Borovička (NYU) “Identifying Ambiguity Shocks in Business Cycle Models Using Survey Data” with Anmol P. Bhandari (University of Minnesota) and Paul Ho (Princeton University).
Cosmin Ilut (Duke University) “Learning, Confidence, and Business Cycles” with Hikaru Saijo (UC Santa Cruz).
Katarina Borovickova (NYU) “Discount Rates and Employment Fluctuations” with Jaroslav Borovička (NYU).
Gaetano Gaballo (Banque de France) “Learning from Prices: Amplification and Sentiments” with Ryan Chahrour (Boston College)
Filip Matějka (CERGE-EI) “Electoral Competition with Rational Inattentive Voters” with Guido Tabellini (Bocconi University).
Luigi Bocola (Northwestern University) “Lending of Last Resort in an Open Economy” with Guido Lorenzoni (Northwestern University).
Salome Baslandze (EIEF) “Knowledge Diffusion, Innovation and Reallocation: The Role of the IT Revolution.”
Ilse Lindelaub (Yale University) “Multi-dimensional Sorting under Random Search” with Fabien Postel-Vinay (UCL-Sciences Po).
Ben Lester (FRB Philadelphia) “Interviews and the Assignment of Workers to Jobs” with Ronald Wolthoff (University of Toronto).
Gregor Jarosch (Stanford University) “Tough Middlemen” with Maryam Farboodi (Princeton University) and Guido Menzio (University of Pennsylvania).
Francois Geerolf (UCLA) “Leverage and Disagreement”
Venky Venkateswaran (NYU Stern) “Screening and Adverse Selection in Frictional Markets” joint with Ben Lester (FRB of Philadelphia), Ali Shourideh (UPenn) and Ariel Zetlin-Jones (Carnegie Mellon).
Ufuk Akcigit (University of Pennsylvania) “Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries” joint with Harun Alp (University of Pennsylvania) and Michael Peters (Yale University).
Luigi Paciello (EIEF) “International Trade and Relative Prices in Frictional Markets”
Mike Waugh (NYU-Stern) “Selection, Risk and Rural-Urban Migration.”
Greg Kaplan (Princeton University) “The Macroeconomy According to HANK” joint with Benjamin Moll (Princeton University) and Gianluca Violante (NYU).
Alessandro Dovis (Penn State University) “Indeterminacy in Sovereign Debt Markets: An Empirical Investigation” joint with Luigi Bocola (Northwestern University-FRB Minneapolis).
Guillermo Ordoñez (University of Pennsylvania) “Debt Crises: For Whom the Bell Tolls” joint with Harold Cole (University of Pennsylvania) and Daniel Neuhann (University of Pennsylvania).
Nicholas Trachter (FRB Richmond) “Dispersion in Relative Prices: Evidence and Theory”, joint with Greg Kaplan (Princeton University), Guido Menzio (University of Pennsylvania), and Leena Rudanko (FRB Philadelphia).
Stefanie Stantcheva (Harvard University) “Optimal Taxation and R&D Policies” joint with Ufuk Akcigit (University of Pennsylvania) and Douglas Hanley (University of Pittsburgh).
Mathieu Taschereau-Dumouchel (UPenn-Wharton) “Coordinating Business Cycles” joint with Edouard Schaal (NYU).
Juan Pablo Xandri (Princeton University) “Robust conditional predictions in a model of Sovereign Debt” joint with Juan Passadore (MIT).
Javier Bianchi (University of Wisconsin-Madison) “Efficient Bailouts?”
Ali Shourideh (UPenn-Wharton) “Sovereign Debt vs Redistributive Taxes: Financing Recoveries in Unequal and Uncommitted Economies” joint with Alessandro Dovis (Princeton University) and Mikhail Golosov (Princeton University).
Nicholas Trachter (FRB Richmond) “Large and Small Sellers: A Theory of Equilibrium Price Dispersion with Sequential Search” by joint with Guido Menzio (University of Pennsylvania).
Ezra Oberfield (Princeton University) “The Global Diffusion of Ideas” joint work with Francisco Buera (FRB Chicago, UCLA).
Matteo Maggiori (NYU Stern) “International Liquidity and Exchange Rate Dynamics” joint work with Xavier Gabaix (NYU Stern).
Sebastian Di Tella (Stanford GSB) “Optimal financial Regulation and the Concentration of Aggregate Risk.”
Ariel Zetlin-Jones (Carnegie Mellon) “Efficient Financial Crises.”
Saki Bigio (Columbia Business School) “Endogenous Liquidity and the Business Cycle.”
Edouard Schaal (NYU) “Uncertainty Traps” joint work with Pablo Fajgelbaum (UCLA) and Mathieu Taschereau-Dumouchel (UPenn-Wharton).
Jean-Paul L'Huillier (EIEF): “Technological Revolutions and Debt Hangovers: Is there a link?”, joint with Dan Cao (Georgetown University).
Javier Bianchi (University of Wisconsin-Madison): “Overborrowing, Financial Crises and Macroprudential policy” joint with Enrique G. Mendoza (University of Maryland).
Saki Bigio (Columbia University): “Liquidity Management and Monetary Policy”, joint with Javier Bianchi (University of Wisconsin-Madison).
Vasco Carvalho (UPF-CREi): “Firm Dynamics and the Granular Hypothesis” Basile Grassi (Paris School of Economics).
Ezra Oberfield (FRB Chicago): “Micro Data and Macro Technology”, joint with Devesh Raval (University of Chicago).
Jaroslav Borovicka (NYU): “Robust Preference Expansions”, joint with Lars Peter Hansen (University of Chicago).
Luigi Paciello (EIEF): “Price Setting with Customer Retention Concerns”, joint with Andrea Pozzi (EIEF) and Nicholas Trachter (EIEF).
Ali Shourideh (UPenn-Wharton): “Optimal Taxation of Wealthy Individuals.”
Pablo Fajgelbaum (UCLA): “External Integration, Structural Transformation, and Internal Development: Evidence from Argentina, 1870-1914”, joint with Stephen Redding (Princeton University).
Venky Venkateswaran (NYU- Stern): “Pledgability and Liquidity: A new Monetarist Model of Macro and Financial Activity”, joint with Randy Wright (University of Wisconsin-Madison).
Venky Venkateswaran (Penn State University): “Efficiency with Endogenous Information Choice”, joint with Luis Llosa (UCLA).
Guillermo Ordonez (Yale University): “Uncertainty as Commitment”, joint with Jaromir Nosal (Columbia University).
Benjamin Moll (Princeton University): “Aggregate Implications of a Credit Crunch”, joint with Francisco Buera (UCLA).
Nicholas Trachter (EIEF): “On the Optimal Supply of Liquidity with Borrowing Constraints”, joint with Francesco Lippi (EIEF).
Alp Simsek (Harvard University): “Speculation and Risk Sharing with New Financial Assets.”
Saki Bigio (NYU): “Financial Risk Capacity.”
Ezra Oberfield (FRB Chicago): “Business Networks, Production Chains, and Productivity: A Theory of Input-Output Architecture.”
Facundo Piguillem (EIEF): “Unemployment Insurance in Life Cycle general Equilibrium Model with Human Capital”, joint with Hernan Ruffo (UTDT) and Nicholas Trachter (EIEF).
David Lagakos (ASU): “The Decline of the U.S. Rust Belt: A Macroeconomic Analysis”, joint with Simon Adler (University of Notre Dame) and Lee Ohanian (UCLA).