Policy Seminar with Frank Smets and Monika Piazzesi

Wednesday, October 21, 2020

PARTICIPANTS

Frank Smets, Monika Piazzesi, John Taylor, Joshua Aizenman, Michael Bauer, Michael Bernstam, Lauren Blum, Michael Bordo, Jimmy Chang, Varadarajan Chari, John Cochrane, Gunter Coenen, Alejandra Cox Edwards, Randi Dewitty, Katrina Dudley, Sebastian Edwards, Denise Elson, Christopher Erceg, Charles Evans, Andy Filardo, Jared Franz, Marc Giannoni, Yuriy Gorodnichenko, Paul Gregory, Krishna Guha, Robert Hall, Robert Hodrick, Nicholas Hope, Peter Ireland, Tim Kane, Marc Katz, Evan Koenig, Patrick Kehoe, Matteo Leombroni, Peter Maletis, Lilia Maliar, Dante Mangiaracina, Axel Merk, David Mulford, David Papell, Elena Pastorino, Ned Prescott, Samuel Reynard, Roiana Reid, Ciaran Rogers, Argia Sbordone, Allison Schrager, George Shultz, Pierre Siklos, Thomas Stephenson, Derek Tang, George Tavlas, Yevgeniy Teryoshin, Carl Walsh, Kevin Warsh, James Wilcox, Jon Willis

ISSUES DISCUSSED

Frank Smets, Director General of the European Central Bank, presented his paper "The Euro Area: Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases, and Fiscal Stimulus in a Low-Interest-Rate Environment,” (with Gunter Coenen and Carlos Montes-Galdon). Monika Piazzesi, the Joan Kenney Professor of Economics at Stanford, was the discussant and John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P. Shultz Senior Fellow at the Hoover Institution, was the moderator.

To read the working paper, click here
To see Smets, Coenen, and Montes-Galdon's slides, click here
To see Piazzesi's slides, click here

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