Program

The Macro Policy Meeting will take place at the Melbourne Business School, 200 Leicester St, Carlton, the University of Melbourne.


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Day 1 - Thursday 30 October

TimeSession
8:30am - 9:00am Registration
9:00am - 9:15am

Opening remarks -

Professor Beth Webster
, Director and Ronald Henderson Chair, Melbourne Institute of Applied Economic and Social Research, the University of Melbourne

9:15am - 10:45am

Session 1: Monetary Policy
Chair: James Hansen (The University of Melbourne)

Inflation Disagreement Weakens the Power of Monetary Policy
Ding Dong (Hong Kong Baptist University)
Zheng Liu (Federal Reserve Bank of San Francisco)
Min Wei (Federal Reserve Board of Governors)
Pengfei Wang (Peking University HSBC Business School)

Resolving New Keynesian Puzzles -  (and presentation slides)
Maria Eskelinen (University of Oxford)
Christopher Gibbs (The University of Sydney)
Nigel McClung (Bank of Finland)

Behavioural Expectations Under Indeterminacy: An Empirical Evaluation- (and presentation slides)
Yasuo Hirose (Keio University)
Donghoon Yoo (Korea University)

10:45am - 11:15am Morning Tea
11:15am - 12:45pm

Keynote Address
Chair: Sushant Acharya (The University of Melbourne)

The Short Lags of Monetary Policy
Professor Giancarlo Corsetti
Pierre Werner Chair and Professor of Economics, European University Institute

12:45pm - 1:30pm Lunch
1:30pm - 3:00pm

Session 2: Empirical Macro
Chair: Viet Nguyen (Melbourne Institute)

Policy, News, and Noise: Do Funds Rate Surprises Matter Anymore?
Özer Karagedikli (Asia School of Business in collaboration with MIT Sloan)

Kenneth Kuttner (Williams College)

RBA’s Reaction Function as Perceived by Forecasters

Jonathan Hambur (Reserve Bank of Australia)
Qazi Haque (The University of Adelaide) 

An Alternative Approach to Estimate the Impact of the Fed’s Balance Sheet Policies
Pratiti Chatterjee (The University of Western Australia)
3:00pm - 3:30pm Afternoon Tea
3:30pm - 5:00pm

Session 3: Fiscal Policy
Chair: Timothy Kam (The Australian National University)

Treasury Supply Shocks: Propagation Through Debt Expansion and Maturity Adjustment
Huixin Bi (Federal Reserve Bank of Kansas City)
Maxime Phillot (Swiss National Bank)
Sarah Zubairy (Texas A&M University)


Liquidity and Safety Over the Business Cycle

Andrea Ferrero (University of Oxford)
Alexander Haas (Monash University) 

The Inflationary Impact of Government Spending Shocks: Do Funding Choices Matter?
Giovanni Caggiano (University of Padua)
Changchen Ge (Monash University)
Solmaz Moslehi (Monash University)
Ada Zhou (Reserve Bank of Australia)

5:30pm - 9:00pm

Dinner
Graduate House
220 Leicester Street, Carlton

Note: only for attendees who registered

Day 2 - Friday 31 October

TimeSession
8:45am - 9:15am Registration
9:15am - 10:45am

Session 4: International
Chair: Matthew Greenwood-Nimmo (Melbourne Institute)

How Important Is Global R-star for Open Economies? - (and presentation slides)
James Morley (The University of Sydney)
Benjamin Wong (Monash University)

Productivity and Wedges: Economic Convergence and the Real Exchange Rate

Michael B Devereux (The University of British Columbia)
Ippei Fujiwara (Keio University) 
Camilo Granados (The University of Texas at Dallas)

Global Value Chain, Currency Misalignment, and Monetary Policy
Sihao Chen (Hong Kong Baptist University)
Kang Shi (The Chinese University of Hong Kong)
Feiting Xu (The Hong Kong University of Science and Technology)
Juanyi Xu (The Hong Kong University of Science and Technology)

10:45am - 11:15am Morning Tea
11:15am - 12:45pm

Keynote Address
Chair: Tim Robinson (Melbourne Institute)

The Past, Present, and Future of the Fed Information Effect
Professor Eric Swanson

Professor of Economics, University of California, Irvine

12:45pm - 1:30pm Lunch
1:30pm - 3:00pm

Policy Panel
Macro Policy in the Context of Global Uncertainty

Catherine de Fontenay, Commissioner, Productivity Commission (Panel Moderator)
Giancarlo Corsetti, Pierre Werner Chair and Professor of Economics, European University Institute
Prasanna Gai, Monetary Policy Committee, Reserve Bank of New Zealand, and the University of Auckland
Warwick J. McKibbin, Director, Centre for Applied Macroeconomic Analysis, the Australian National University
Eric Swanson
, Professor of Economics, University of California, Irvine

3:00pm - 3:30pm Afternoon Tea
3:30pm - 5:00pm

Session 5: Australian Macro
Chair: Mei Dong (The University of Melbourne)

The Mortgage Debt Channel of Monetary Policy When Mortgages are Liquid
Matthew Elias (e61 Institute)
Christian Gillitzer (The University of Sydney)
Greg Kaplan (The University of Chicago)
Gianni La Cava (e61 Institute)
Nalini Prasad (UNSW Sydney)

Monetary Policy and the Homeownership Rate
James Graham (The University of Sydney)

Avish Sharma (The University of Sydney)

Intended and Unintended Consequences of Retirement Income Policies

Christian Gillitzer (The University of Sydney)
Greg Kaplan (The University of Chicago)
Mariano Kulish (The University of Sydney)
Aarti Singh (The University of Sydney)

5:00pm - 5:15pm

Closing remarks -

Professor Phillip McCalman, Head of Department, Department of Economics, the University of Melbourne

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