Past Seminars

2023 · 2022 · 2021 · 2020
2023
The Macroeconomics of Narratives
​Karthik A. Sastry (Princeton University)
​​joint work with Joel P. Flynn (Yale University)
​​​2023/12/1  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
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​Monetary Non-Neutrality in the Cross-Section
Elisa Rubbo (University of Chicago)
​​​​2023/11/17  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
Lumpy R&D and the Great Twins: The Great Moderation and Great Recession
(Abstract can be found here)
Donghai Zhang (National University of Singapore)
joint work with Lixing Wang (University of Bonn)
​​​2023/10/27  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
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Unbundling Market Power
Fabian Trotter (University of California, San Diego)​
​​​2023/7/21  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
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​​Measuring Welfare by Matching Households Across Time
David Baqaee (University of California, Los Angeles)
​joint work with Ariel Burstein (University of California, Los Angeles) and Yasutaka Koike-Mori (University of California, Los Angeles)
​2023/6/16  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
​​University Research and the Market for Higher Education 
Kazushige Matsuda (Keio University)
​joint work with Titan Alon (University of California San Diego) and Damien Capelle (International Monetary Fund)
​2023/5/19  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
Spatial Production Networks
Yuhei Miyauchi (Boston University)
​joint work with Costas Arkolakis (Yale University) and Federico Huneeus (Central Bank of Chile)
​​​2023/4/21  Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST​
2022
International Trade Finance and Learning Dynamics
(Abstract can be found here)
Shengxing Zhang  (London School of Economics and Peking University HSBC Business School)
​joint work with David Kohn (Pontificia Universidad Católica de Chile), Emiliano Luttini (Central Bank of Chile), and Michal Szkup (University of British Columbia)
​​2022/12/9 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Global Technology Stagnation
​Yuta Takahashi (Hitotsubashi University)
​joint work with Naoki Takayama (Hitotsubashi University)
​​​2022/11/25 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
What Can Time-Series Regressions Tell Us About Policy Counterfactuals?
Christian K. Wolf (MIT and NBER)
joint work with Alisdair McKay (FRB Minneapolis)
​​2022/11/11 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Optimal Monetary Policy with Redistribution
(Abstract can be found here)
Jennifer La'O (Columbia University)
joint work with Wendy Morrison (Columbia University)
​​​2022/10/28 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Competition and the Phillips Curve
​Ippei Fujiwara (Keio University)
joint work with Kiminori Matsuyama (Northwestern University)
​​2022/10/14 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
What is Money? Evidence from Introducing Digital Currency to a Barter Community
Michael Wong (HKU Business School)
​​2022/9/30 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​​
Sudden Stops and Consumption Inequality with Nonhomothetic Preferences
(Slides are available here) 
 Fernando Arce (Federal Reserve Bank of Chicago)
joint work with Monica Tran-Xuan (University at Buffalo)
​​2022/7/15 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
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The Distributional Impact of the Minimum Wage
(Abstract can be found here)
Thomas Winberry (The Wharton School, University of Pennsylvania)
joint work with Erik Hurst (University of Chicago, Booth School of Business,), Patrick Kehoe (Stanford University and FRB of Minneapolis), and Elena Pastorino (Stanford University, Hoover Institution, SIEPR, and FRB of Minneapolis)
​​2022/7/1 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Product Reallocation and Market Concentration
Liangjie Wu (Einaudi Institute for Economics and Finance)
​joint work with Jeremy G. Pearce (University of Chicago)
​​2022/6/17 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​Learning from Consumer Travel Distance: Firm Expansion, Contraction, and Exit
(Slides are available here)
Yoonsoo Lee (Sogang University)
Joint work with Jeongwon Jang (Sogang University) and Daisoon Kim (North Carolina State University)
​​​2022/6/3 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Foreign Reserves Management and Original Sin
Steve Pak Yeung Wu (University of California at San Diego)
joint work with Michael B. Devereux (University of British Columbia)
​​2022/5/20 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Serial Entrepreneurship in China
Kjetil Storesletten (University of Minnesota)
joint work with Loren Brandt (University of Toronto), Ruochen Dai (CU of Finance and Economics), Gueorgui Kambourov (University of Toronto), and Xiaobo Zhang (Peking University)
​​​2022/5/6 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​Leveraging the Disagreement on Climate Change: Theory and Evidence
Toan Phan (Federal Reserve Bank of Richmond)
joint work with Laura Bakkensen (University of Arizona), and ​Tsz-Nga Wong (Federal Reserve Bank of Richmond)
2022/4/22 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
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Labor Substitutability among Schooling Groups
Mark Bils（University of Rochester, FRB Richmond, and NBER）
joint work with Barış Kaymak (FRB Cleveland, Université de Montréal, and CIREQ) and Kai-Jie Wu (University of Rochester)
2022/4/8 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
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​Technology Adoption and Late Industrialization
Jaedo Choi（University of Michigan, Ann Arbor）
joint work with Younghun Shim (University of Chicago)
​2022/3/25 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
The Stable Transformation Path　
Francisco Buera（Washington University in St. Louis）
joint work with Joseph Kaboski (University of Notre Dame),
Martí Mestieri (FRB of Chicago and Northwestern University),
and Daniel G. O'Connor (Massachusetts Institute of Technology)
​​​2022/3/11 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
2021
Productivity, Demand, and Growth
Petr Sedlacek  (University of New South Wales / University of Oxford)
joint work with Marek Ignaszak (Goethe University Frankfurt​)
​2021/12/10 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Uncertainty, Imperfect Information, and Expectation Formation over the Firm's Life Cycle
(Abstract can be found here)
Tatsuro Senga (Keio University)
joint work with Cheng Chen (Clemson University), Chang Sun (University of Hong Kong), and Hongyong Zhang (Research Institute of Economy, Trade and Industry)
2021/11/26 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Credit Horizons
Nobuhiro Kiyotaki (Princeton University)
joint work with John Moore (The University of Edinburgh) and Shengxing Zhang (London School of Economics)​
2021/10/29 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Intangibles, Concentration, and the Labor Share
Lichen Zhang (University of Hong Kong)
2021/10/15 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Selection and Sorting of Heterogeneous Firms through Competitive Effect  
Kiminori Matsuyama (Northwestern University)
joint work with Philip Ushchev (HSE University, St. Petersburg)
2021/10/1 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
​Forward Guidance with Unanchored Expectations
Bruce Preston (University of Melbourne)
joint work with Stefano Eusepi (University of Texas, Austin) and Chris Gibbs (University of Sydney)
2021/7/23 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​The Cross-Sectional Distribution of Price Stickiness and Inflation Stability
(Extended abstract can be found here)
Woong Young Park (Seoul National University)
joint work with Jae Won Lee (University of Virginia)​
​2021/6/25 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​Managing Expectations in the New Keynesian Model
(Extended abstract can be found here)
Yang K. Lu (Hong Kong University of Science and Technology)
joint work with Robert G. King (Boston University and NBER)
2021/6/11 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
​Unbundling Labor
(Abstract can be found here)
Chris Edmond (University of Melbourne)
​​joint work with Simon Mongey (University of Chicago)
​2021/5/28 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​Determinacy without the Taylor Principle
(Abstract can be found here)
Chen Lian (University of California, Berkeley)
​​joint work with George-Marios Angeletos (MIT)
2021/5/14 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Credible Forward Guidance 
Taisuke Nakata (University of Tokyo)
joint work with Takeki Sunakawa (Hitotsubashi University)
​2021/4/30 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​​
A Theory of Wage Rigidity and Unemployment Fluctuations with On-the-Job Search
(Abstract can be found here)​
Masao Fukui (MIT)
​2021/4/16 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Endogenous Input-Output Linkages and Structural Changes
(Abstract can be found here)​
Yimei Zou (Institute for International Economic Studies, Stockholm University)
​2021/4/2 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Good Jobs and Bad Jobs over the Business Cycle: Implications for Inclusive Monetary Policy
Chaewon Baek (University of California, Berkeley)
2021/3/19 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Dynamical Structure and Spectral Properties of Input-Output Networks
Ernest Liu  (Princeton University) 
​joint work with Aleh Tsyvinski (Yale University​) 
​2021/3/5 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
​2021/2/19 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Diagnostic Expectations and Macroeconomic Volatility
Jean-Paul L'Huillier (Brandeis University) 
​joint work with Sanjay R. Singh (University of California, Davis) and  Donghoon Yoo (Institute of Social and Economic Research, Osaka University)​
​
Aggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier
Florin O. Bilbiie (University of Lausanne and CEPR)
joint work with Marc J. Melitz (Harvard University, CEPR, and NBER)
​2021/2/5 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Imperfect Macroeconomic Expectations: Evidence and Theory
Zhen Huo (Yale University/Chinese University of Hong Kong)
joint work with George-Marios Angeletos (MIT and NBER) and Karthik A. Sastry (MIT)
​2021/1/22 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Aggregate and Intergenerational Implications of School Closures:
​A Quantitative Assessment
Minchul Yum (University of Mannheim)
joint work with Youngsoo Jang (Shanghai University of Finance and Economics)​
​2021/1/8 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
2020
Industry, Age, and Unemployment Risk During a Pandemic Recession 
(Abstract can be found here)​
James Graham (RBNZ, University of Sydney)
joint work with Murat Ozbilgin (RBNZ)​
2020/12/4 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Between Lives and Economy: Optimal COVID-19 Containment Policy in Open Economies​
Wen-Tai Hsu (Singapore Management University)
joint work with Hsuan-Chih (Luke) Lin​  (Academia Sinica, Taiwan),  and  Han Yang (Academia Sinica, Taiwan)
2020/11/20 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Bank Runs as Coordination Failures in an Infinite Horizon Economy
(Abstract can be found here)​
Daisuke Ikeda (Bank of Japan)
joint work with Hidehiko Matsumoto (GRIPS)
2020/11/6 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Firm and Worker Dynamics in a Frictional Labor Market
Simon Mongey (University of Chicago and NBER)
joint work with Adrien Bilal (Princeton University) , Niklas Engbom (New York University), and Giovanni L. Violante (Princeton University, CEBI, CEPR, IFS, IZA, and NBER)
2020/10/23 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST
Indebted Demand
Ludwig Straub (Harvard University and NBER) ​
joint work with Atif Mian (Princeton University and NBER)  and Amir Sufi (Chicago Booth and NBER)
2020/10/9 Fri. 12:15-13:30 JST & KST, 11:15-12:30 CST 
​
Unemployment Insurance during a Pandemic
Jun Nie  (Federal Reserve Bank of Kansas City)
2020/9/23 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Voluntary and Mandatory Social Distancing: Evidence on COVID-19 Exposure Rates from Chinese Provinces and Selected Countries   
(Abstract can be found here)​
Alessandro Rebucci (Johns Hopkins Carey Business School)
​joint work with Alexander Chudik (Federal Reserve Bank of Dallas) and M. Hashem Pesaran (University of Southern California)
2020/9/9 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Social Distancing and Supply Disruptions in a Pandemic
(Abstract can be found here)
​Martin Bodenstein (Federal Reserve Board)
​2020/8/26 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
​Taojun Xie (National University of Singapore)
joint work with Dirk Krueger (University of Pennsylvania) and  Harald Uhlig (University of Chicago)
2020/8/12 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Lemon Cycles
(Abstract can be found here)
Feng Dong (Tsinghua University)
​joint work with Ernest Liu (Princeton University) ​
2020/7/29 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST

Big Push in Distorted Economies
(Abstract can be found here)
​Yongseok Shin (Washington University St. Louis)
joint work with Francisco Buera, Hugo Hopenhayn and Nicholas Trachter
​2020/7/15 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Occupational Reallocations within and across Firms:
​Implications for the Labor Market Polarization
(Abstract can be found here)
Toshihiko Mukoyama  (Georgetown University)
joint work with Naoki Takayama (Hitotsubashi University) and Satoshi Tanaka (University of Queensland)
​2020/7/1 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
​
Estimating an SEIR Model with Testing and Contact Tracing ​
(Abstract can be found here)
Zheng (Michael) Song (The Chinese University of Hong Kong)  
joint work with Rongzhu Ke and Fabrizio Zilibotti
​​2020/6/17 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST

Guangyu Pei (The Chinese University of Hong Kong)
​2020/6/3 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
Yongsung Chang (Seoul National University)
(joint with  Jay Hong, Marios Karababounis, Yicheng Wang )
2020/5/20 Wed. 12:15-13:30 JST & KST, 11:15-12:30 CST
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