Banner image for Joint Central Bankers' Conference

Sponsored by the Bank of Canada, the Federal Reserve Bank of Atlanta, the Federal Reserve Bank of Cleveland, and the Swiss National Bank

All sessions will take place at the Federal Reserve Bank of Atlanta. Government-issued photo identification is required to enter the building. Presenters will have 45 minutes each, followed by a 15-minute presentation by the assigned discussant and a 10-minute general discussion. Plenary speakers have 60 minutes.

Agenda

Tuesday, October 15, 2019
7:30 a.m. Registration and continental breakfast
8:25 Welcome
Dave Altig, Executive Vice President and Director of Research, Federal Reserve Bank of Atlanta
8:30 Session 1

Real Interest Rates, Inflation, and Default Adobe PDF file format
Presenter: Illenin Kondo, University of Notre Dame
Discussant: Gabriel Mihalache, Stony Brook University
9:40 Sources of Borrowing and Fiscal Multipliers Adobe PDF file format
Presenter: Romanos Priftis, Bank of Canada
Discussant: Miguel Faria-e-Castro, Federal Reserve Bank of St. Louis
10:50 Break
11:10 Consumption in the Great Recession: The Financial Distress Channel Adobe PDF file format
Presenter: Juan Sánchez, Federal Reserve Bank of St. Louis
Discussant: Andy Glover, Federal Reserve Bank of Kansas City
12:20 p.m. Lunch
1:30 Session 2

Plenary Speech 1
"On the Welfare Losses from External Sovereign BorrowingOff-site link Adobe PDF file format

Manuel Amador, University of Minnesota and Federal Reserve Bank of Minneapolis
2:30 Break
2:50 Greed versus Fear: Optimal Time-Consistent Taxation with Default Off-site link Adobe PDF file format
Presenter: Anastasios Karantounias, Federal Reserve Bank of Atlanta
Discussant: Cesar Sosa-Padilla, University of Notre Dame
4:00 Personal Tax Changes and Household Credit: Evidence from 2017 Tax Reform
Presenter: Joanne Hsu, Federal Reserve Board of Governors
Discussant: Murat Tasci, Federal Reserve Bank of Cleveland
5:30 Reception (Monetary Museum)
7:00 Dinner (Bulla Gastrobar, across from the Atlanta Fed)
Wednesday, October 16, 2019
8:00 a.m. Continental breakfast
8:30 Session 3

Plenary Speech 2
"Consumer Credit with Over-Optimistic Borrowers"

Igor Livshits, Federal Reserve Bank of Philadelphia
9:30 Break
9:50 The Rise in Foreign Currency Bonds: The Role of Capital Controls Adobe PDF file format
Presenter: Rachel Cordonier, Swiss National Bank
Discussant: John Kim, Emory University
11:00 How Does Mortgage Rate Refinancing Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers Adobe PDF file format
Presenter: Katya Kartashova, Bank of Canada
Discussant: Kris Gerardi, Federal Reserve Bank of Atlanta
12:10 p.m. Boxed lunches and adjournment