Università Cattolica del Sacro Cuore

Macroeconomic Dynamics: Theory and Applications



Milan, December 22nd, 2021

Room “Bontadini” - Università Cattolica

Largo Gemelli, 1


9.15 – 09.30    Welcome

9.30 – 10.15    Giacomo Candian, HEC Montréal, Risky Business Cycle, joint with Susantu Basu, Boston College and NBER, Ryan Chahrour, Boston College, and Rosen Valchev, Boston College 
                        Discussant: Fabrice Collard, Toulouse School of Economics

10.15 – 11.00  Alessandro Pavan, Northwestern University, (In)efficiency in Information Acquisition and Aggregation through Prices, joint with Savitar Sundaresam, Imperial College London, and Xavier Vives, IESE Business School 
                        Discussant: Davide Bosco, Università Cattolica di Milano 

11.00 – 11.30 Coffee break

11.30 – 12.15 Emiliano Santoro, University of Copenhagen, Supply Shocks and Asset Market Participation, joint with Francesco Saverio Gaudio, University of Warwick, and Ivan Petrella University of Warwick and CEPR 
                        Discussant: Sergio Santoro, European Central Bank

12.15 – 13.00 Francesco Furlanetto, Norges Bank and BI Norwegian Business School, Estimating Hysteresis Effects, joint with Antoine Lepetit, Board of Governors of the Federal Reserve System, Ørjan Robstad, Norges Bank, Juan Rubio Ramírez, Emory University, FEDEA, Federal Reserve Bank of Atlanta, and BBVA Research, and Pål Ulvedal, Norges Bank 
                       Discussant: Daniele Siena, Politecnico di Milano and Banque de France

13.00 – 14.30 Lunch

14.30 – 15.15  Ambrogio Cesa Bianchi, Bank of England and CfM, The Trasmission of Keynesian Supply Shocks, joint with Andrea Ferrero, University of Oxford, CEPR and CfM 
                        Discussant: Nicolo' Maffei-Faccioli, Norges Bank

15.15 – 16.00 Marcel Peruffo, Brown University, Distributional Effects of Bank Equity Losses, joint with Caterina Mendicino, European Central Bank, and Lukas Nord, European University Institute 
                        Discussant: Chiara Punzo, Banque de France

16.00 – 16.45  Rosen Valchev, Boston College, Exchange Rate Disconnect Redux, joint with Ryan Chahrour, Boston College, Vito Cormun, Santa Clara University, Pierre De Leo, University of Maryland, Pablo Guerron-Quintana, Boston College 
                        Discussant: Francesco Pappada', Paris School of Economics and Banque de France

16.45 – 17.30 Gabriele Camera, Chapman University and Università di Bologna, Introducing New Forms of Digital Money: Evidence from the Laboratory 
                        Discussant: Leo Ferraris, Università di Milano-Bicocca 



The series of workshop is organized by Giorgio Bellettini (University of Bologna), Gianluca Femminis (Catholic University of Milan and CLE), Francesco Lippi (University LUISS Guido Carli and EIEF), Marco Maffezzoli (Bocconi University and IGIER), Tommaso Monacelli (Bocconi University and IGIER), Andrea Presbitero (The Johns Hopkins University, Bologna), Lorenza Rossi (University of Pavia and University of Lancaster) and Alessandro Secchi (Bank of Italy).


Gianluca Femminis (Catholic University of Milan and CLE), Domenico Massaro (University of Milan and CLE), and Giulia Rivolta (Catholic University of Milan and CLE)

View the full programme with the details on how to reach the Workshop venue