Money, Macro and Finance
Cambridge University
Summary of All Sessions |
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Click here for an index of all participants |
| # | Date/Time | Type | Title/Location | Papers |
|---|---|---|---|---|
| 1 | September 1, 2021 13:45-14:00 | invited | Welcome: Leonardo Felli, Chair of the Faculty of Economics, Cambridge. Location: Plenary Room | 0 |
| 2 | September 1, 2021 14:00-15:00 | invited | Keynote Lecture I: Sydney Ludvigson "Markets and Monetary Policy". Location: Plenary Room | 0 |
| 3 | September 1, 2021 15:10-17:00 | invited | Special Session Bank of England: Global Spillovers, Monetary and Macroprudential Policies Location: Parallel room 1 | 3 |
| 4 | September 1, 2021 15:10-17:00 | contributed | Covid-19 I Location: Parallel room 2 | 4 |
| 5 | September 1, 2021 15:10-17:00 | contributed | Monetary Policy I Location: Parallel room 3 | 4 |
| 6 | September 1, 2021 15:10-17:00 | contributed | Allocation, Misallocation I Location: Parallel room 4 | 4 |
| 7 | September 1, 2021 15:10-17:00 | contributed | Financial Markets I Location: Parallel room 5 | 4 |
| 8 | September 1, 2021 15:10-17:00 | contributed | Security Markets Location: Parallel room 6 | 4 |
| 9 | September 1, 2021 17:10-19:00 | contributed | Business and Labour Productivity Location: Parallel room 1 | 4 |
| 10 | September 1, 2021 17:10-19:00 | contributed | Business Cycles, Shocks and Bubbles I Location: Parallel room 2 | 4 |
| 11 | September 1, 2021 17:10-19:00 | contributed | Micro-finance and Asset-pricing Location: Parallel room 3 | 4 |
| 12 | September 1, 2021 17:10-19:00 | contributed | Monetary Policy II Location: Parallel room 4 | 4 |
| 13 | September 1, 2021 17:10-19:00 | contributed | Monetary Policy: Shocks and Crises Location: Parallel room 5 | 4 |
| 14 | September 1, 2021 17:10-19:00 | contributed | Quantitative Easing and Money Creation Location: Parallel room 6 | 4 |
| 15 | September 1, 2021 17:10-19:00 | contributed | Quantitative Methods Location: Parallel room 7 | 3 |
| 16 | September 1, 2021 17:10-19:00 | contributed | Unconventional Monetary Policy Location: Parallel room 8 | 3 |
| 17 | September 2, 2021 10:00-11:50 | contributed | Aspects of Fiscal Policy Location: Parallel room 1 | 4 |
| 18 | September 2, 2021 10:00-11:50 | contributed | Credit Location: Parallel room 2 | 4 |
| 19 | September 2, 2021 10:00-11:50 | contributed | Currencies, Capital Account & Capital Controls Location: Parallel room 3 | 4 |
| 20 | September 2, 2021 10:00-11:50 | contributed | European Monetary Union Location: Parallel room 4 | 4 |
| 21 | September 2, 2021 10:00-11:50 | contributed | Exchange Rates Location: Parallel room 5 | 4 |
| 22 | September 2, 2021 10:00-11:50 | contributed | Financial Markets II Location: Parallel room 6 | 4 |
| 23 | September 2, 2021 10:00-11:50 | contributed | Fiscal Policy I Location: Parallel room 7 | 4 |
| 24 | September 2, 2021 12:00-13:50 | contributed | Firm Dynamics Location: Parallel room 1 | 4 |
| 25 | September 2, 2021 12:00-13:50 | contributed | Fiscal Policy II Location: Parallel room 2 | 4 |
| 26 | September 2, 2021 12:00-13:50 | contributed | Forward Guidance and Targeting Location: Parallel room 3 | 3 |
| 27 | September 2, 2021 12:00-13:50 | contributed | Government Policy Location: Parallel room 4 | 4 |
| 28 | September 2, 2021 12:00-13:50 | contributed | Housing Location: Parallel room 5 | 4 |
| 29 | September 2, 2021 12:00-13:50 | contributed | Uncertainty, Anxiety and Expectations Location: Parallel room 6 | 4 |
| 30 | September 2, 2021 14:00-15:00 | invited | Keynote Lecture II: Jordi Gali "The New Keynesian Perspective on Economic Fluctuations" Location: Plenary Room | 0 |
| 31 | September 2, 2021 15:10-17:00 | invited | Special Session: Informational Frictions in DSGE Models Location: Parallel room 1 | 3 |
| 32 | September 2, 2021 15:10-17:00 | contributed | Crypto-currency and Monetary Policy Location: Parallel room 2 | 4 |
| 33 | September 2, 2021 15:10-17:00 | contributed | Exports, Trade and Investment Location: Parallel room 3 | 4 |
| 34 | September 2, 2021 15:10-17:00 | contributed | Fiscal Policy III Location: Parallel room 4 | 4 |
| 35 | September 2, 2021 15:10-17:00 | contributed | Interest Rates Location: Parallel room 5 | 4 |
| 36 | September 2, 2021 15:10-17:00 | contributed | Managing Risk Location: Parallel room 6 | 4 |
| 37 | September 2, 2021 15:10-17:00 | contributed | Monetary Policy III Location: Parallel room 7 | 4 |
| 38 | September 2, 2021 15:10-17:00 | contributed | Wealth and Labour Market Inequalities Location: Parallel room 8 | 4 |
| 39 | September 2, 2021 17:10-18:10 | invited | Charles Goodhart Keynote Lecture III: Linda Goldberg "Volatile International Capital Flows" Location: Plenary Room | 0 |
| 40 | September 2, 2021 18:20-20:10 | contributed | Covid-19 II Location: Parallel room 1 | 4 |
| 41 | September 2, 2021 18:20-20:10 | contributed | Economic Modelling I Location: Parallel room 2 | 4 |
| 42 | September 2, 2021 18:20-20:10 | contributed | Financial Markets III Location: Parallel room 3 | 4 |
| 43 | September 2, 2021 18:20-20:10 | contributed | Financial Markets IV Location: Parallel room 4 | 4 |
| 44 | September 2, 2021 18:20-20:10 | contributed | FOMC, Announcements and Monetary Policy Location: Parallel room 5 | 4 |
| 45 | September 2, 2021 18:20-20:10 | contributed | Labour Markets Location: Parallel room 6 | 4 |
| 46 | September 2, 2021 18:20-20:10 | contributed | Income Inequality Location: Parallel room 7 | 4 |
| 47 | September 3, 2021 10:00-11:50 | contributed | Economic Modelling II Location: Parallel room 1 | 4 |
| 48 | September 3, 2021 10:00-11:50 | contributed | European Central Bank Location: Parallel room 2 | 4 |
| 49 | September 3, 2021 10:00-11:50 | contributed | Inflation Expectations Location: Parallel room 3 | 4 |
| 50 | September 3, 2021 10:00-11:50 | contributed | Macro-prudential Policy Location: Parallel room 4 | 4 |
| 51 | September 3, 2021 10:00-11:50 | contributed | Monetary Policy IV Location: Parallel room 5 | 4 |
| 52 | September 3, 2021 10:00-11:50 | contributed | Optimal Monetary Policy Location: Parallel room 6 | 4 |
| 53 | September 3, 2021 10:00-11:50 | contributed | Regulation Location: Parallel room 7 | 4 |
| 54 | September 3, 2021 13:00-14:00 | invited | Keynote Lecture IV: Marcel Fratzscher: "Prospects for the economic recovery from the pandemic and implications for macroeconomics and social policies" Location: Plenary Room | 0 |
| 55 | September 3, 2021 14:10-16:00 | contributed | Allocation, Misallocation II Location: Parallel room 1 | 4 |
| 56 | September 3, 2021 14:10-16:00 | contributed | Business Cycles, Shocks and Bubbles II Location: Parallel room 2 | 4 |
| 57 | September 3, 2021 14:10-16:00 | contributed | Global Dynamics Location: Parallel room 3 | 4 |
| 58 | September 3, 2021 14:10-16:00 | contributed | Bank Lending Location: Parallel room 4 | 4 |
| 59 | September 3, 2021 14:10-16:00 | contributed | Business Cycles, Shocks and Bubbles III Location: Parallel room 5 | 4 |
| 60 | September 3, 2021 14:10-16:00 | contributed | Climate Change and Monetary Policy Location: Parallel room 6 | 4 |
| 61 | September 3, 2021 14:10-16:00 | contributed | Inflation Targeting Location: Parallel room 7 | 4 |
| 62 | September 3, 2021 14:10-16:00 | contributed | Uncertainty Shocks Location: Parallel room 8 | 4 |
| 63 | September 3, 2021 16:10-17:10 | invited | Harry Johnson Keynote Lecture V: Olivier Blanchard "Fiscal Policy Under Low Rates" Location: Plenary room | 0 |
63 sessions, 223 papers |
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Money, Macro and Finance |
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Detailed List of Sessions |
| Session 1: Welcome: Leonardo Felli, Chair of the Faculty of Economics, Cambridge. September 1, 2021 13:45 to 14:00 Location: Plenary Room |
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| Session Chair: Paul Mizen, University of Nottingham |
| Session type: invited |
| Session 2: Keynote Lecture I: Sydney Ludvigson "Markets and Monetary Policy". September 1, 2021 14:00 to 15:00 Location: Plenary Room |
| Session Chair: Paul Mizen, University of Nottingham |
| Session type: invited |
| Session 3: Special Session Bank of England: Global Spillovers, Monetary and Macroprudential Policies September 1, 2021 15:10 to 17:00 Location: Parallel room 1 |
| Session Chair: James Talbot, Bank of England |
| Session type: invited |
| 1. Global Vulnerabilities, Domestic Risks: The Global Drivers of GDP-at-Risk |
| By Ed Manuel; Bank of England Simon Lloyd; Bank of England Konstantin Panchev; University of Oxford |
| presented by: Ed Manuel, Bank of England |
| 2. Global Value Chains and the dynamics of UK Inflation |
| By Tommaso Aquilante; Bank of England Aydan Dogan; Bank of England Melih Firat; Johns Hopkins University |
| presented by: Aydan Dogan, Bank of England |
| 3. Capital Controls and Free Trade Agreements |
| By Emile Marin; University of Cambridge Simon Lloyd; Bank of England |
| presented by: Simon Lloyd, Bank of England |
| Discussant: Laura Alfaro, Harvard Business School |
| Session 4: Covid-19 I September 1, 2021 15:10 to 17:00 Location: Parallel room 2 |
| Session Chair: Magdalyn Okolo, University of Bath |
| Session type: contributed |
| 1. A new macro-financial condition index for the euro area |
| By Claudio Morana; University Milano Bicocca |
| presented by: Claudio Morana, University Milano Bicocca |
| 2. Un-used Bank Capital Buffers and Credit Supply Shocks at SMEs during the Pandemic |
| By Arun Gupta; Federal Reserve Board of Governors Jose Berrospide; Board of Governors of the Federal Reserve Matthew Seay; Federal Reserve Board of Governors |
| presented by: Arun Gupta, Federal Reserve Board of Governors |
| 3. Economic support during the Covid crisis. Quantitative Easing and Lending Support Schemes in the UK |
| By Mahmoud Fatouh; Bank of England Simone Giansante; University of Bath |
| presented by: Simone Giansante, University of Bath |
| 4. Modelling the Differing Impacts of Covid-19 in the UK Labour Market |
| By Chris Martin; University of Bath Magdalyn Okolo; University of Bath |
| presented by: Magdalyn Okolo, University of Bath |
| Session 5: Monetary Policy I September 1, 2021 15:10 to 17:00 Location: Parallel room 3 |
| Session Chair: Cristiano Cantore, Bank of England |
| Session type: contributed |
| 1. Monetary Policy and the Wage Inflation-Unemployment Tradeoff |
| By Ricardo Duque Gabriel; University of Bonn |
| presented by: Ricardo Duque Gabriel, University of Bonn |
| 2. Monetary Policy, Sectoral Comovement and the Credit Channel |
| By Federico Di Pace; Bank of England Christoph Gortz; Economics |
| presented by: Federico Di Pace, Bank of England |
| 3. Monetary Policy and Payment-to-Income Limits in Liquidity Traps |
| By Alessandro Lin; Brown University |
| presented by: Alessandro Lin, Brown University |
| 4. A tail of labor supply and a tale of monetary policy |
| By Cristiano Cantore; Bank of England filippo ferroni; Federal Reserve Bank of Chicago Haroon Mumtaz; Queen Mary, University of London Angeliki Theophilopoulou; Brunel University |
| presented by: Cristiano Cantore, Bank of England |
| Session 6: Allocation, Misallocation I September 1, 2021 15:10 to 17:00 Location: Parallel room 4 |
| Session Chair: Evangelina Dardati, Universidad Alberto Hurtado |
| Session type: contributed |
| 1. Constrained-Efficient Capital Reallocation |
| By Andrea Lanteri; Duke University Adriano Rampini; Duke University |
| presented by: Andrea Lanteri, Duke University |
| 2. Shrinking Boundary of the Invisible Hand |
| By Dan Su; University of Minnesota |
| presented by: Dan Su, University of Minnesota |
| 3. Risk-Taking, Capital Allocation and Optimal Monetary Policy |
| By Joel David; Federal Reserve Bank of Chicago David Zeke; University of Southern California |
| presented by: Joel David, Federal Reserve Bank of Chicago |
| 4. Welfare effects of capital controls |
| By Eugenia Andreasen; University of Chile Sofia Bauducco; Central Bank of Chile Evangelina Dardati; Universidad Alberto Hurtado |
| presented by: Evangelina Dardati, Universidad Alberto Hurtado |
| Session 7: Financial Markets I September 1, 2021 15:10 to 17:00 Location: Parallel room 5 |
| Session Chair: Lijie Yu, The University of Manchester |
| Session type: contributed |
| 1. Credit Supply Driven Boom-Bust Cycles |
| By Yavuz Arslan; Bank for International Settlements Bulent Guler; Indiana University Bloomington Burhanettin Kuruscu; University of Toronto |
| presented by: Yavuz Arslan, Bank for International Settlements |
| 2. Risky Financial Collateral, Firm Heterogeneity, and the Impact of Eligibility Requirements |
| By Matthias Kaldorf; University of Cologne Florian Wicknig; University of Cologne |
| presented by: Florian Wicknig, University of Cologne |
| 3. Financial Stress and Asset Prices |
| By Xiaoyu Zong; Heriot-watt University |
| presented by: Xiaoyu Zong, Heriot-watt University |
| 4. Born after the Volcker Rule: regulatory change, managerial remuneration and hedge fund performance |
| By Lijie Yu; The University of Manchester |
| presented by: Lijie Yu, The University of Manchester |
| Session 8: Security Markets September 1, 2021 15:10 to 17:00 Location: Parallel room 6 |
| Session Chair: Olga Kolokolova, University of Manchester |
| Session type: contributed |
| 1. Economic Uncertainty: Mispricing and Ambiguity Premium |
| By Charlie Cai; University of Liverpool Management School Semih Kerestecioglu; University of Liverpool Xi Fu; University of Liverpool |
| presented by: Charlie Cai, University of Liverpool Management School |
| 2. Perfect Withdrawal in a Noisy World: Investing Lessons with and without Annuities while in Drawdown between 2000 and 2019 |
| By Andrew Clare; Faculty of Finance James Seaton; City University, London Peter Smith; University of York Stephen Thomas |
| presented by: Peter Smith, University of York |
| 3. Common and idiosyncratic movements in Latin-American Exchange Rates |
| By Fredy Gamboa-Estrada; Banco de la Republica Jose Romero; Banco de la República |
| presented by: Fredy Gamboa-Estrada, Banco de la Republica |
| 4. Do Hedge Funds Still Manipulate Stock Prices? |
| By Xinyu Cui; University of Manchester Olga Kolokolova; University of Manchester |
| presented by: Olga Kolokolova, University of Manchester |
| Session 9: Business and Labour Productivity September 1, 2021 17:10 to 19:00 Location: Parallel room 1 |
| Session Chair: Do Lee, New York University |
| Session type: contributed |
| 1. Productivity Gains from Labor Outsourcing: The Role of Trade Secrets |
| By Gorkem Bostanci; University of Pennsylvania |
| presented by: Gorkem Bostanci, University of Pennsylvania |
| 2. Financial Frictions, International Trade, and their Impact on Labour Productivity |
| By Susanne Karbe; Durham University |
| presented by: Susanne Karbe, Durham University |
| 3. A Long-Run Productivity Risks Driving q-Factor Model |
| By Zhiting Wu; University of St Andrews |
| presented by: Zhiting Wu, University of St Andrews |
| 4. Small and Vulnerable: Small Firm Productivity in the Great Productivity Slowdown |
| By Sophia Chen; International Monetary Fund Do Lee; New York University |
| presented by: Do Lee, New York University |
| Session 10: Business Cycles, Shocks and Bubbles I September 1, 2021 17:10 to 19:00 Location: Parallel room 2 |
| Session Chair: Emile Marin, University of Cambridge |
| Session type: contributed |
| 1. Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies |
| By Robert Kollmann; Universite Libre de Bruxelles & CEPR |
| presented by: Robert Kollmann, Universite Libre de Bruxelles & CEPR |
| 2. Asset Price Bubbles and Monetary Policy: Deflate the bubble? |
| By Arthur Galichere; University of Glasgow |
| presented by: Arthur Galichere, University of Glasgow |
| 3. The China Shock, Market Concentration and the U.S. Phillips Curve |
| By Melih Firat; Johns Hopkins University |
| presented by: Melih Firat, Johns Hopkins University |
| 4. Exchange Rate Risk and Business Cycles |
| By Emile Marin; University of Cambridge Simon Lloyd; Bank of England |
| presented by: Emile Marin, University of Cambridge |
| Session 11: Micro-finance and Asset-pricing September 1, 2021 17:10 to 19:00 Location: Parallel room 3 |
| Session Chair: Alexandra Varadi, Bank of England |
| Session type: contributed |
| 1. Asset Pricing with Daily Shopper Spending |
| By Jialu Shen; University of Missouri |
| presented by: Jialu Shen, University of Missouri |
| 2. A Macro-Finance model with Realistic Crisis Dynamics |
| By Goutham Gopalakrishna; Ecole Polytechnique Federale de Lausanne |
| presented by: Goutham Gopalakrishna, Ecole Polytechnique Federale de Lausanne |
| 3. The Nonfinancial Value of Financial Firms |
| By Yu Shi; UCLA Anderson |
| presented by: Yu Shi, UCLA Anderson |
| 4. Identifying the Transmission Channels of Credit Supply Shocks to Household Debt: Price and Non-price Effects |
| By Alexandra Varadi; Bank of England |
| presented by: Alexandra Varadi, Bank of England |
| Session 12: Monetary Policy II September 1, 2021 17:10 to 19:00 Location: Parallel room 4 |
| Session Chair: Eunkyung Lee, University of Manchester |
| Session type: contributed |
| 1. The Deflationary Bias of the ZLB and the FED’s Strategic Response |
| By Adrian Penalver; Banque de France, PSE |
| presented by: Adrian Penalver, Banque de France, PSE |
| 2. Liquidity and Safety over the Business Cycle |
| By Andrea Ferrero; University of Oxford Alexander Haas; University of Oxford |
| presented by: Alexander Haas, University of Oxford |
| 3. Monetary policy surprises and their transmission through term premia and expected interest rates |
| By Iryna Kaminska; Bank of England Haroon Mumtaz; Queen Mary, University of London Roman Sustek; Queen and Mary University of London |
| presented by: Iryna Kaminska, Bank of England |
| 4. Monetary Policy Transmission through the Refinancing of Firms Bank Debt |
| By Eunkyung Lee; University of Manchester |
| presented by: Eunkyung Lee, University of Manchester |
| Session 13: Monetary Policy: Shocks and Crises September 1, 2021 17:10 to 19:00 Location: Parallel room 5 |
| Session Chair: Yasin Mimir, Norges Bank |
| Session type: contributed |
| 1. Booms, Banking Crises, and Monetary Policy |
| By Joël Marbet; CEMFI |
| presented by: Joël Marbet, CEMFI |
| 2. Monetary policy shocks over the business cycle: Extending the Smooth Transition framework |
| By Martin Bruns; University of East Anglia Michele Piffer; King's College London |
| presented by: Michele Piffer, King's College London |
| 3. Yield Curve Shocks as Monetary Policy Shocks: Identification and Information Sufficiency |
| By Eric Olson; The University of Tulsa Victor Valcarcel; University of Texas at Dallas Mark Wohar; University of Nebraska at Omaha |
| presented by: Eric Olson, The University of Tulsa |
| 4. Leaning against Persistent Financial Cycles with Occasional Crises |
| By Yasin Mimir; Norges Bank Thore Kockerols; Norges Bank Erling Kravik; Norwegian Ministry of Finance |
| presented by: Yasin Mimir, Norges Bank |
| Session 14: Quantitative Easing and Money Creation September 1, 2021 17:10 to 19:00 Location: Parallel room 6 |
| Session Chair: Ioana Neamtu, Bank of England |
| Session type: contributed |
| 1. Monetary policy disconnect |
| By Benedikt Ballensiefen; University of St.Gallen and World Bank Group Angelo Ranaldo; University of St. Gallen Hannah Winterberg; University of St. Gallen and University of Maryland |
| presented by: Hannah Winterberg, University of St. Gallen and University of Maryland |
| 2. International Effects of Quantitative Easing and Foreign Reserve Accumulation |
| By Duhyeong Kim; University of Western Ontario |
| presented by: Duhyeong Kim, University of Western Ontario |
| 3. Should Banks Create Money? |
| By Christian Wipf |
| presented by: Christian Wipf, |
| 4. Risk-Taking and Uncertainty: Do CoCo Bonds Increase the Risk Appetite of Banks? |
| By Mahmoud Fatouh; Bank of England Ioana Neamtu; Bank of England Sweder van Wijnbergen; University of Amsterdam |
| presented by: Ioana Neamtu, Bank of England |
| Session 15: Quantitative Methods September 1, 2021 17:10 to 19:00 Location: Parallel room 7 |
| Session Chair: Tianxi Wang, University of Essex |
| Session type: contributed |
| 1. Re-estimating Potential GDP: New Evidence on Output Hysteresis |
| By Diego Anzoategui; Rutgers University Min Kim; Rutgers University |
| presented by: Diego Anzoategui, Rutgers University |
| 2. Identifying the Effects of Fiscal Policy Shocks Using Government Shutdowns: A Narrative Restrictions Approach |
| By Matija Lozej; European Central Bank Laura Moretti; Central Bank of Ireland |
| presented by: Matija Lozej, European Central Bank |
| 3. Government Bonds, Bank Liquidity and Non-Neutrality of Monetary Policy in the Steady State |
| By Tianxi Wang; University of Essex |
| presented by: Tianxi Wang, University of Essex |
| Session 16: Unconventional Monetary Policy September 1, 2021 17:10 to 19:00 Location: Parallel room 8 |
| Session Chair: Victor Valcarcel, University of Texas at Dallas |
| Session type: contributed |
| 1. Asymmetric Macroeconomic Effects of QE-Induced Increases in Excess Reserves in a Monetary Union |
| By Maximilian Horst; Heinrich Heine University Duesseldorf Ulrike Neyer; Heinrich Heine University Duesseldorf Daniel Stempel; Heinrich Heine University Düsseldorf |
| presented by: Maximilian Horst, Heinrich Heine University Duesseldorf |
| 2. Unconventional Monetary Policy and the Search for Yield |
| By Alexandros Kontonikas; University of Essex |
| presented by: Alexandros Kontonikas, University of Essex |
| 3. The Financial Market Effects of Unwinding the Federal Reserve’s Balance Sheet∗ |
| By Andrew Smith; Federal Reserve Bank of Kansas City Victor Valcarcel; University of Texas at Dallas |
| presented by: Victor Valcarcel, University of Texas at Dallas |
| Session 17: Aspects of Fiscal Policy September 2, 2021 10:00 to 11:50 Location: Parallel room 1 |
| Session Chair: Iryna Stewen, Johannes Gutenberg University Mainz |
| Session type: contributed |
| 1. Fiscal decentralization, regional disparity, and the role of corruption |
| By Nupur Nirola; Vellore Institute of Technology-AP |
| presented by: Nupur Nirola, Vellore Institute of Technology-AP |
| 2. Present Bias and Public Debt |
| By Joost Roettger; Deutsche Bundesbank |
| presented by: Joost Roettger, Deutsche Bundesbank |
| 3. Support policies enacted during the 2020 COVID-19 crisis for small business: Evidence from club convergence clustering hypothesis |
| By Marco Chi Keung Lau; Teesside University Dongna Zhang; Teesside University Giray Gozgor; Istanbul Medeniyet University |
| presented by: Marco Chi Keung Lau, Teesside University |
| 4. Growing like Germany: Local public debt, local banks, low private investment |
| By Iryna Stewen; Johannes Gutenberg University Mainz |
| presented by: Iryna Stewen, Johannes Gutenberg University Mainz |
| Session 18: Credit September 2, 2021 10:00 to 11:50 Location: Parallel room 2 |
| Session Chair: Marina Spaliara, University of Glasgow |
| Session type: contributed |
| 1. Aggregate Implications of Credit Relationship Flows: A Tale of Two Margins |
| By Yasser Boualam; Kenan-Flagler Business School Clément Mazet-Sonilhac; Sciences Po Paris, Banque de France |
| presented by: Yasser Boualam, Kenan-Flagler Business School |
| 2. Corporate credit booms, financial constraints, and the investment nexus |
| By Bruno Albuquerque; Bank of England |
| presented by: Bruno Albuquerque, Bank of England |
| 3. The Cyclicality of Bank Credit Losses and Capital Ratios under Expected Loss Model |
| By Mahmoud Fatouh; Bank of England Simone Giansante; University of Bath |
| presented by: Mahmoud Fatouh, Bank of England |
| 4. Private equity buyouts, credit constraints, and firm exports |
| By Marina Spaliara; University of Glasgow |
| presented by: Marina Spaliara, University of Glasgow |
| Session 19: Currencies, Capital Account & Capital Controls September 2, 2021 10:00 to 11:50 Location: Parallel room 3 |
| Session Chair: Tomas Kala, University of Hradec Kralove |
| Session type: contributed |
| 1. The Effect of the China Connect |
| By Chang Ma; Fanhai International School of Finance, Fudan University |
| presented by: Chang Ma, Fanhai International School of Finance, Fudan University |
| 2. Firm heterogeneity and the Capital Market |
| By Tobias König; Humboldt University of Berlin, DIW Berlin |
| presented by: Tobias König, Humboldt University of Berlin, DIW Berlin |
| 3. Heterogenous impact of capital requirements on bank risk: Evidence from FAS 166/167 |
| By Sonny Biswas; University of Bristol Kostas Koufopoulos; University of York Songshan Li; University of York |
| presented by: Sonny Biswas, University of Bristol |
| 4. The World MonMin Reference Currency |
| By Tomas Kala; University of Hradec Kralove |
| presented by: Tomas Kala, University of Hradec Kralove |
| Session 20: European Monetary Union September 2, 2021 10:00 to 11:50 Location: Parallel room 4 |
| Session Chair: Jane Binner, University of Birmingham |
| Session type: contributed |
| 1. Risk sharing in currency unions: The migration channel |
| By Susanne Wellmann; University of Tuebingen Gernot Mueller; University of Tuebingen Wilhelm Kohler; University of Tuebingen |
| presented by: Wilhelm Kohler, University of Tuebingen |
| 2. Completing the European Banking Union: Capital cost consequences for credit providers and corporate borrowers |
| By Michael Koetter; Halle Institute for Economic Research Thomas Krause; Halle Institute for Economic Research Eleonora Sfrappini; Halle Institute for Economic Research Lena Tonzer; Halle Institute for Economic Research |
| presented by: Michael Koetter, Halle Institute for Economic Research |
| 3. Exits and Bailouts in a Monetary Union |
| By Michal Kobielarz; KU Leuven |
| presented by: Michal Kobielarz, KU Leuven |
| 4. The impact of policy and infectious disease uncertainty on the money market in UK, US and Euro area |
| By Jane Binner; University of Birmingham Rakesh Bissoondeeal; Aston University |
| presented by: Jane Binner, University of Birmingham |
| Session 21: Exchange Rates September 2, 2021 10:00 to 11:50 Location: Parallel room 5 |
| Session Chair: Sadettin Citci, Gebze Technical University |
| Session type: contributed |
| 1. The Global Transmission of U.S. Monetary Policy |
| By Riccardo Degasperi; University of Warwick Seokki Hong; University of Warwick Giovanni Ricco; University of Warwick |
| presented by: Seokki Hong, University of Warwick |
| 2. A Meta Model Analysis of Exchange Rate Determination |
| By Chrystalleni Aristidou; THE Univerity of Nottingham Kevin Lee; University of Nottingham Kalvinder Shields; University of Melbourne |
| presented by: Kalvinder Shields, University of Melbourne |
| 3. Currency Anomalies |
| By Sohnke Bartram; University of Warwick and CEPR Leslie Djuranovik; University of Warwick Anthony Garratt; University of Warwick |
| presented by: Anthony Garratt, University of Warwick |
| 4. Exchange Rate Uncertainty and Connectedness of Inflation: Theory and Evidence |
| By Sadettin Citci; Gebze Technical University |
| presented by: Sadettin Citci, Gebze Technical University |
| Session 22: Financial Markets II September 2, 2021 10:00 to 11:50 Location: Parallel room 6 |
| Session Chair: Mariia Bondar, Goethe University Frankfurt am Main |
| Session type: contributed |
| 1. Exports of Financial Services in the Internet Era |
| By Edoardo Chiarotti; The Graduate Institute, Geneva |
| presented by: Edoardo Chiarotti, The Graduate Institute, Geneva |
| 2. Dealing in the Dark: The Effects of Insider Trading on Dark Trading Venues |
| By Abdul Alfarhoud; The University of Manchester Michael Bowe; University of Manchester, Alliance Manchester Business School S. Sarah Zhang; University of Manchester |
| presented by: Abdul Alfarhoud, The University of Manchester |
| 3. Can an AI agent hit a moving target? |
| By Aruhan Shi; University of Warwick |
| presented by: Aruhan Shi, University of Warwick |
| 4. Pricing Protest: The Response of Financial Markets to Social Unrest |
| By Philip Barrett; IMF Mariia Bondar; Goethe University Frankfurt am Main Sophia Chen; International Monetary Fund Deniz Igan; International Monetary Fund |
| presented by: Mariia Bondar, Goethe University Frankfurt am Main |
| Session 23: Fiscal Policy I September 2, 2021 10:00 to 11:50 Location: Parallel room 7 |
| Session Chair: Ignacio Campomanes, Navarra Center for International Development |
| Session type: contributed |
| 1. Fiscal Policy under Secular Stagnation: An Optimal Pump-Priming Strategy |
| By Jean-Baptiste Michau; Ecole Polytechnique, France |
| presented by: Jean-Baptiste Michau, Ecole Polytechnique, France |
| 2. Sovereign Default and Labor Market Dynamics |
| By Siming Liu; Shanghai University of Finance and Economics Hewei Shen; University of Oklahoma |
| presented by: Siming Liu, Shanghai University of Finance and Economics |
| 3. (Non-)Keynesian Effects of Fiscal Austerity: New Evidence from a Large Sample |
| By António Afonso; ISEG-ULisboa |
| presented by: António Afonso, ISEG-ULisboa |
| 4. The Political Economy of Inequality, Mobility and Redistribution |
| By Ignacio Campomanes; Navarra Center for International Development |
| presented by: Ignacio Campomanes, Navarra Center for International Development |
| Session 24: Firm Dynamics September 2, 2021 12:00 to 13:50 Location: Parallel room 1 |
| Session Chair: Yumei Yao, University of Glasgow |
| Session type: contributed |
| 1. Could Intra-Firm Misalignment Explain Price-Setting Patterns? |
| By Victor Monteiro; INSPER |
| presented by: Victor Monteiro, INSPER |
| 2. Control costs, rational inattention, and retail price dynamics |
| By James Costain; Bank of Spain Anton Nakov; ECB and CEPR |
| presented by: Anton Nakov, ECB and CEPR |
| 3. Bank shocks, private equity, and firm performance |
| By Paul Lavery; Adam Smith Business School, University of Glasgow Marina Spaliara; University of Glasgow Serafeim Tsoukas; University of Glasgow |
| presented by: Paul Lavery, Adam Smith Business School, University of Glasgow |
| 4. Debt Structure and Costs under Industry Competition and Economic Conditions |
| By Yumei Yao; University of Glasgow |
| presented by: Yumei Yao, University of Glasgow |
| Session 25: Fiscal Policy II September 2, 2021 12:00 to 13:50 Location: Parallel room 2 |
| Session Chair: Vania Esady, Bank of England |
| Session type: contributed |
| 1. Fiscal policy, international spillovers, and endogenous productivity |
| By Mathias Klein; Sveriges Riksbank |
| presented by: Mathias Klein, Sveriges Riksbank |
| 2. Public Debt and state-dependent Effects of Fiscal Policy in the Euro Area |
| By Snezana Eminidou; University of Cyprus Martin Geiger; University of Innsbruck Marios Zachariadis; University of Cyprus |
| presented by: Marios Zachariadis, University of Cyprus |
| 3. How Does the Effectiveness of Fiscal Deficit Stimulus Depend on the Expected Speed of Fiscal Retrenchment? |
| By Neil Rankin; University of York |
| presented by: Neil Rankin, University of York |
| 4. Reconciling the Effects of Government Spending: The Role of Information Frictions |
| By Vania Esady; Bank of England |
| presented by: Vania Esady, Bank of England |
| Session 26: Forward Guidance and Targeting September 2, 2021 12:00 to 13:50 Location: Parallel room 3 |
| Session Chair: Ahmed Pirzada, Bristol University |
| Session type: contributed |
| 1. Target Inflation and Forward Guidance |
| By Michael Dobrew; Deutsche Bundesbank |
| presented by: Michael Dobrew, Deutsche Bundesbank |
| 2. Forward guidance and the exchange rate: a theoretical sign restricted VAR analysis |
| By Fabrice Anicet Dabiré; Université de Sherbrooke |
| presented by: Fabrice Anicet Dabiré, Université de Sherbrooke |
| 3. Evaluating effectiveness of price level targeting in the presence of increasing uncertainty |
| By Engin Kara; University of Cardiff Ahmed Pirzada; Bristol University |
| presented by: Ahmed Pirzada, Bristol University |
| Session 27: Government Policy September 2, 2021 12:00 to 13:50 Location: Parallel room 4 |
| Session Chair: Etienne Farvaque, University of Lille |
| Session type: contributed |
| 1. A general theory of tax-smoothing |
| By Anastasios Karantounias; University of Surrey |
| presented by: Anastasios Karantounias, University of Surrey |
| 2. The impact of income tax changes on government revenue: moving beyond the Laffer curve |
| By Richard McManus; Caterbury Christ Church University Gulcin Ozkan; King's College London Dawid Trzeciakiewicz; Loughborough University |
| presented by: Dawid Trzeciakiewicz, Loughborough University |
| 3. Government Spending Multipliers and Private Debt Overhang: New Evidence |
| By Alessandro Franconi; LUISS |
| presented by: Alessandro Franconi, LUISS |
| 4. Government Unemployment Insurance for All? The Fall of the Berlin Wall and Social Preferences Evolution |
| By Etienne Farvaque; University of Lille |
| presented by: Etienne Farvaque, University of Lille |
| Session 28: Housing September 2, 2021 12:00 to 13:50 Location: Parallel room 5 |
| Session Chair: Melisso Boschi, Senate of the Republic of Italy |
| Session type: contributed |
| 1. Housing market cycles, productivity growth, and household debt |
| By Dmitry Brizhatyuk; Moody's Analytics |
| presented by: Dmitry Brizhatyuk, Moody's Analytics |
| 2. Sentimental Housing Markets |
| By Kostas Vasilopoulos; Lancaster University |
| presented by: Kostas Vasilopoulos, Lancaster University |
| 3. Heterogeneous effects of unconventional monetary policy on bond yields across the euro area |
| By Ishak Demir; University of Lincoln |
| presented by: Ishak Demir, University of Lincoln |
| 4. The effect of property taxes on house prices: Evidence from the 1993 and the 2012 tax reforms in Italy |
| By Melisso Boschi; Senate of the Republic of Italy |
| presented by: Melisso Boschi, Senate of the Republic of Italy |
| Session 29: Uncertainty, Anxiety and Expectations September 2, 2021 12:00 to 13:50 Location: Parallel room 6 |
| Session Chair: Xiaoxia Ye, University of Liverpool |
| Session type: contributed |
| 1. Anxiety, Expectations Stabilization and Intertemporal Markets: Theory, Evidence and Policy |
| By Francesco Carbonero; Turin Jeremy Davies; East Village Ekkehard Ernst; ILO Sayantan Ghosal; Glasgow University Leaza McSorely; University of Sunderland |
| presented by: Sayantan Ghosal, Glasgow University |
| 2. Solving linear rational expectations models in the presence of structural change |
| By Michael Hatcher; University of Southampton |
| presented by: Michael Hatcher, University of Southampton |
| 3. Uncertainty, sentiments and time-varying risk premia |
| By Michele Berardi; University of Manchester |
| presented by: Michele Berardi, University of Manchester |
| 4. Informational Friction, Economic Uncertainty, and CDS-Bond Basis |
| By Charlie X. Cai; University of Liverpool Xiaoxia Ye; University of Liverpool Ran Zhao; Claremont Graduate University |
| presented by: Xiaoxia Ye, University of Liverpool |
| Session 30: Keynote Lecture II: Jordi Gali "The New Keynesian Perspective on Economic Fluctuations" September 2, 2021 14:00 to 15:00 Location: Plenary Room |
| Session Chair: Chryssi Giannitsarou, University of Cambridge |
| Session type: invited |
| Session 31: Special Session: Informational Frictions in DSGE Models September 2, 2021 15:10 to 17:00 Location: Parallel room 1 |
| Session Chair: Paul Levine, University of Surrey |
| Session type: invited |
| 1. The Use and Mis-Use of SVARs for Validating DSGE Models with Imperfect Information |
| By Paul Levine; University of Surrey Joseph Pearlman; City University London Alessio Volpicella; University of Surrey Bo Yang; Swansea University |
| presented by: Bo Yang, Swansea University |
| Discussant: luca gambetti, Universitat Autonoma de Barcelona |
| 2. A Rational Theory of Limited Attention |
| By Alexandre Kohlhas; Institute for International Economic Studies |
| presented by: Alexandre Kohlhas, Institute for International Economic Studies |
| Discussant: Anastasios Karantounias, University of Surrey |
| 3. Sectoral Media Focus and Aggregate Fluctuations |
| By Ryan Chahrour; Boston College Kristoffer Nimark; Cornell University Stefan Pitschner; Uppsala University and Stockholm School |
| presented by: Kristoffer Nimark, Cornell University |
| Discussant: Stephen Wright, Birkbeck College, University of London |
| Session 32: Crypto-currency and Monetary Policy September 2, 2021 15:10 to 17:00 Location: Parallel room 2 |
| Session Chair: Maria Shchepeleva, National Research University Higher School of Economics |
| Session type: contributed |
| 1. The Cryptocurrency Uncertainty Index |
| By Brain Lucey; Trinity College Dublin Samuel Vigne; Trinity College Dublin Larisa Yarovaya; University of Southampton Yizhi Wang; Trinity College Dublin |
| presented by: Yizhi Wang, Trinity College Dublin |
| 2. Crypto Bubbles: Timing is Everything |
| By Antonio Doblas-Madrid; Michigan State University |
| presented by: Antonio Doblas-Madrid, Michigan State University |
| 3. Cross-sectional Capitalization Dynamics of the Cryptocurrency Market: A Markov Chain Analysis |
| By Antonis Ballis; Athens University of Economics and Business Konstantinos Drakos; Athens University of Economics and Business |
| presented by: Antonis Ballis, Athens University of Economics and Business |
| 4. Does One Size Fit All? Comparing the Determinants of the FinTech Market Segments Expansion |
| By Maria Shchepeleva; National Research University Higher School of Economics Mikhail Stolbov; Moscow State Institute of International Relations |
| presented by: Maria Shchepeleva, National Research University Higher School of Economics |
| Session 33: Exports, Trade and Investment September 2, 2021 15:10 to 17:00 Location: Parallel room 3 |
| Session Chair: Humberto Martinez, Rutgers University |
| Session type: contributed |
| 1. Sequential Exporting across Countries and Products |
| By Facundo Albornoz; University of Nottingham Hector Calvo-Pardo; University of Southampton Gregory Corcos; Ecole polytechnique Emanuel Ornelas; Sao Paulo School of Economics-FGV |
| presented by: Hector Calvo-Pardo, University of Southampton |
| 2. Variable Trade Costs and the Dynamics of International Trade |
| By Michael Nower; University of Durham |
| presented by: Michael Nower, University of Durham |
| 3. Striking While the Iron Is Cold: Fragility after a Surge of Lumpy Investments |
| By Hanbaek Lee; University of Pennsylvania |
| presented by: Hanbaek Lee, University of Pennsylvania |
| 4. Foreign Reserves, Fiscal Capacity and Lender of Last Resort |
| By Humberto Martinez; Rutgers University |
| presented by: Humberto Martinez, Rutgers University |
| Session 34: Fiscal Policy III September 2, 2021 15:10 to 17:00 Location: Parallel room 4 |
| Session Chair: Alaïs Martin-Baillon, SciencesPo |
| Session type: contributed |
| 1. Monetary-fiscal interaction and the liquidity of government debt |
| By Cristiano Cantore; Bank of England Edoardo Leonardi; London School of Economics |
| presented by: Edoardo Leonardi, London School of Economics |
| 2. Fiscal policy shocks and international spillovers |
| By Ayobami Ilori; University of East Anglia Juan Paez-Farrell; University of Sheffield Christoph Thoenissen; University of Sheffield |
| presented by: Christoph Thoenissen, University of Sheffield |
| 3. Financial Frictions and Fiscal Multipliers |
| By Alok Kumar; University of Victoria |
| presented by: Alok Kumar, University of Victoria |
| 4. Optimal Fiscal Policy with Heterogeneous Firms and Aggregate Shock |
| By Alaïs Martin-Baillon; SciencesPo |
| presented by: Alaïs Martin-Baillon, SciencesPo |
| Session 35: Interest Rates September 2, 2021 15:10 to 17:00 Location: Parallel room 5 |
| Session Chair: Elizaveta Lukmanova, Université catholique de Louvain |
| Session type: contributed |
| 1. The effects of shocks to interest-rate expectations in the euro area: estimates at the country level |
| By Martin Mandler; Deutsche Bundesbank Michael Scharnagl; Deutsche Bundesbank |
| presented by: Martin Mandler, Deutsche Bundesbank |
| 2. Patience Breeds Interest: The Rise of Societal Patience and the Fall of the Risk-free Interest Rate |
| By Radek Stefanski; University of St Andrews Alex Trew; University of Glasgow |
| presented by: Alex Trew, University of Glasgow |
| 3. The Natural Rate of Interest Through a Hall of Mirrors |
| By Phurichai Rungcharoenkitkul; BIS Fabian Winkler; Federal Reserve Board |
| presented by: Fabian Winkler, Federal Reserve Board |
| 4. New evidence on monetary transmission: interest rate versus inflation target shocks |
| By Elizaveta Lukmanova; Université catholique de Louvain |
| presented by: Elizaveta Lukmanova, Université catholique de Louvain |
| Session 36: Managing Risk September 2, 2021 15:10 to 17:00 Location: Parallel room 6 |
| Session Chair: Karlye Dilts Stedman, Federal Reserve Bank of Kansas City |
| Session type: contributed |
| 1. Macro-financial imbalances and cyclical systemic risk dynamics: improving the real-time properties of the financial cycle |
| By Sofia Velasco; Central Bank of Ireland and Queen Mary University |
| presented by: Sofia Velasco, Central Bank of Ireland and Queen Mary University |
| 2. Factor Strengths, Pricing Errors, and Estimation of Risk Premia |
| By Hashem Pesaran; University of Cambridge Ron Smith; Birkbeck, University of London |
| presented by: Ron Smith, Birkbeck, University of London |
| 3. Tail Risk and Expectations |
| By Yeow Hwee Chua; National University of Singapore Zu Yao Hong; University of Maryland, College Park |
| presented by: Zu Yao Hong, University of Maryland, College Park |
| 4. Capital Flows in Risky Times: Risk-on/Risk-off and Emerging Market Tail Risk |
| By Anusha Chari; University of North Carolina at Chapel H Karlye Dilts Stedman; Federal Reserve Bank of Kansas City Christian T. Lundblad; The University of North Carolina at Chap |
| presented by: Karlye Dilts Stedman, Federal Reserve Bank of Kansas City |
| Session 37: Monetary Policy III September 2, 2021 15:10 to 17:00 Location: Parallel room 7 |
| Session Chair: Kasper Joergensen, Federal Reserve Board |
| Session type: contributed |
| 1. Monetary Policy Announcements, Information Schocks, and Exchange Rate Dynamics |
| By Daniel Gründler; University of Innsbruck Eric Mayer; University of Würzburg Johann Scharler; University of Innsbruck |
| presented by: Daniel Gründler, University of Innsbruck |
| 2. What goes around comes around: How large are spillbacks from US monetary policy? |
| By Max Breitenlechner; University of Innsbruck Georgios Georgiadis; European Central Bank Ben Schumann; Free University of Berlin |
| presented by: Max Breitenlechner, University of Innsbruck |
| 3. Heterogeneous Beliefs and FOMC Announcements |
| By Chao Ying; University of Minnesota |
| presented by: Chao Ying, University of Minnesota |
| 4. Bond Risk Premiums at the Zero Lower Bound |
| By Kasper Joergensen; Federal Reserve Board |
| presented by: Kasper Joergensen, Federal Reserve Board |
| Session 38: Wealth and Labour Market Inequalities September 2, 2021 15:10 to 17:00 Location: Parallel room 8 |
| Session Chair: Inês Xavier, Universitat Pompeu Fabra |
| Session type: contributed |
| 1. The Portfolio Choice Channel of Wealth Inequality |
| By Mauricio Calani; Central Bank of Chile Lucas Rosso; Universidad de Chile |
| presented by: Mauricio Calani, Central Bank of Chile |
| 2. Has the Global Financial Crisis Increased Wealth Inequality? |
| By Maria Shchepeleva; National Research University Higher School of Economics Mikhail Stolbov; Moscow State Institute of International Relations Laurent WEILL; University of Strasbourg |
| presented by: Mikhail Stolbov, Moscow State Institute of International Relations |
| 3. Unconventional Monetary Policy and Household Credit Inequality |
| By Ying Xu |
| presented by: Ying Xu, Graduate Institute, Geneva (IHEID) |
| 4. Wealth Inequality in the US: the Role of Heterogeneous Returns |
| By Inês Xavier; Universitat Pompeu Fabra |
| presented by: Inês Xavier, Universitat Pompeu Fabra |
| Session 39: Charles Goodhart Keynote Lecture III: Linda Goldberg "Volatile International Capital Flows" September 2, 2021 17:10 to 18:10 Location: Plenary Room |
| Session Chair: Gulcin Ozkan, King's College London |
| Session type: invited |
| Session 40: Covid-19 II September 2, 2021 18:20 to 20:10 Location: Parallel room 1 |
| Session Chair: Michele Loberto, Banca d'Italia |
| Session type: contributed |
| 1. The Impact of Covid-19 on Productivity |
| By Paul Mizen; University of Nottingham |
| presented by: Paul Mizen, University of Nottingham |
| 2. Skill Loss during Unemployment and the Scarring Effects of the COVID-19 Pandemic |
| By Paul Jackson; National University of Singapore Victor Ortego-Marti; University of California Riverside |
| presented by: Victor Ortego-Marti, University of California Riverside |
| 3. The New Fiscal Normal: Vaccinations, Debt and Fiscal Adjustment in Emerging Economies |
| By Oscar Valencia; Inter-American Development Bank |
| presented by: Oscar Valencia, Inter-American Development Bank |
| 4. Living on my own: The impact of the COVID-19 pandemic on housing preferences |
| By Elisa Guglielminetti; Bank of Italy Michele Loberto; Banca d'Italia Giordano Zevi; Banca d'Italia Roberta Zizza; Banca d'Italia |
| presented by: Michele Loberto, Banca d'Italia |
| Session 41: Economic Modelling I September 2, 2021 18:20 to 20:10 Location: Parallel room 2 |
| Session Chair: Lingjie Ma, UIC |
| Session type: contributed |
| 1. The US post-war economic dynamics and intrinsic inflation persistence: a regime-switching perspective |
| By Elton Beqiraj; Sapienza Univesity of Rome Giovanni Di Bartolomeo; Sapienza Univesity of Rome |
| presented by: Elton Beqiraj, Sapienza Univesity of Rome |
| 2. Real effects of imperfect bank-firm matching |
| By Luisa Farinha; Bank of Portugal Sotirios Kokas; University of Essex Enrico Sette; Bank of Italy Serafeim Tsoukas; University of Glasgow |
| presented by: Serafeim Tsoukas, University of Glasgow |
| 3. North and South: A Regional Model of the UK |
| By Yue Gai; Cardiff University David Meenagh; Cardiff University Patrick Minford; Cardiff University and CEPR |
| presented by: Yue Gai, Cardiff University |
| 4. Forecasting the Price of Crude Oil |
| By Lingjie Ma; UIC |
| presented by: Lingjie Ma, UIC |
| Session 42: Financial Markets III September 2, 2021 18:20 to 20:10 Location: Parallel room 3 |
| Session Chair: Simon Price, Essex Business School |
| Session type: contributed |
| 1. Assessing the Sectoral Effects of Exchange Rate Fluctuations: Evidence from the 2015 Swiss Franc Appreciation |
| By Andreas Brunhart; Liechtenstein Institute Martin Geiger; University of Innsbruck |
| presented by: Martin Geiger, University of Innsbruck |
| 2. Do Speculators Exacerbate Managerial Myopia? Evidence from Margin Traders in China |
| By Jun Chen; UC San Diego |
| presented by: Jun Chen, UC San Diego |
| 3. Extensions to IVX Methods of Inference for Return Predictability |
| By Matei Demetrescu; University of Kiel Iliyan Georgiev; University of Bologna Paulo Rodrigues; Bank of Portugal Robert Taylor; University of Essex |
| presented by: Robert Taylor, University of Essex |
| 4. Stock returns predictability with unstable predictors |
| By Fabio Calonaci; Queen Mary University of London George Kapetanios; King's College London Simon Price; Essex Business School |
| presented by: Simon Price, Essex Business School |
| Session 43: Financial Markets IV September 2, 2021 18:20 to 20:10 Location: Parallel room 4 |
| Session Chair: Steve Pak Yeung Wu, UBC/UC San Diego |
| Session type: contributed |
| 1. The long-run impact of sovereign yields on corporate yields in emerging markets |
| By Delong Li; University of Guelph Nicolas Magud; International Monetary Fund Alejandro Werner; IMF |
| presented by: Delong Li, University of Guelph |
| 2. Financial Stability with Fire Sale Externalities |
| By Ryuichiro Izumi; Wesleyan University Yang Li; Nankai University |
| presented by: Ryuichiro Izumi, Wesleyan University |
| 3. Liquidity Coinsurance in Syndicated Loan Markets |
| By Vladimir Yankov; Federal Reserve Board Filip Zikes; Federal Reserve Board |
| presented by: Vladimir Yankov, Federal Reserve Board |
| 4. Corporate Balance Sheets and Sovereign Risk Premia |
| By Steve Pak Yeung Wu; UBC/UC San Diego |
| presented by: Steve Pak Yeung Wu, UBC/UC San Diego |
| Session 44: FOMC, Announcements and Monetary Policy September 2, 2021 18:20 to 20:10 Location: Parallel room 5 |
| Session Chair: Constantin Bürgi, University College Dublin |
| Session type: contributed |
| 1. Credit Risk and the Transmission of Interest Rate Shocks |
| By Dino Palazzo Ram Yamarthy; Office of Financial Research |
| presented by: Ram Yamarthy, Office of Financial Research |
| 2. Disagreement inside the FOMC: New Insights from Tone Analysis |
| By Hamza Bennani; Université Paris Nanterre Davide Romelli; Trinity College Dublin |
| presented by: Davide Romelli, Trinity College Dublin |
| 3. The Pre-FOMC Announcement Drift and Private Information: Kyle Meets Macro-Finance |
| By Chao Ying; University of Minnesota |
| presented by: Chao Ying, University of Minnesota |
| 4. Monetary Policy, Funding Cost, Banks' Risk-Taking: Evidence from the United States |
| By Constantin Bürgi; University College Dublin Bo Jiang; George Washington University |
| presented by: Constantin Bürgi, University College Dublin |
| Session 45: Labour Markets September 2, 2021 18:20 to 20:10 Location: Parallel room 6 |
| Session Chair: Nasim Sabah, Framingham State University |
| Session type: contributed |
| 1. Wealth and Hours |
| By Vytautas Valaitis; Duke University Domenico Ferraro; Arizona State University |
| presented by: Vytautas Valaitis, Duke University |
| 2. Cyclicality, Asymmetry, and Heterogeneity of the User Cost of Labor: New Evidence from Japan |
| By Tomohide Mineyama; International Monetary Fund |
| presented by: Tomohide Mineyama, International Monetary Fund |
| 3. Home Production with Time to Consume |
| By William Bednar; Tepper School of Business Nick Pretnar; University of California, Santa Barbara |
| presented by: Nick Pretnar, University of California, Santa Barbara |
| 4. Labor Matching and Equity Prices |
| By Nasim Sabah; Framingham State University |
| presented by: Nasim Sabah, Framingham State University |
| Session 46: Income Inequality September 2, 2021 18:20 to 20:10 Location: Parallel room 7 |
| Session Chair: Lucy Minford, Swansea University |
| Session type: contributed |
| 1. Income inequality and social values: a long-term relationship |
| By Neil Kellard; University of Essex Yousef Makhlouf; Nottingham Trent University Dmitri Vinogradov; University of Glasgow |
| presented by: Yousef Makhlouf, Nottingham Trent University |
| 2. Quantitative Easing and Inequality |
| By Donggyu Lee; Federal Reserve Bank of New York |
| presented by: Donggyu Lee, Federal Reserve Bank of New York |
| 3. Income Inequality, Financial Intermediation, and Small Firms |
| By Sebastian Doerr; Bank for International Settlements Thomas Drechsel; University of Maryland Donggyu Lee; Federal Reserve Bank of New York |
| presented by: Thomas Drechsel, University of Maryland |
| 4. Redistribution, inequality and growth across China's regions |
| By Xiaoliang Yang; Zhongnan University of Economics and Law Lucy Minford; Swansea University David Meenagh; Cardiff University Kent Matthews; Cardiff Business School |
| presented by: Lucy Minford, Swansea University |
| Session 47: Economic Modelling II September 3, 2021 10:00 to 11:50 Location: Parallel room 1 |
| Session Chair: Paulo Santos Monteiro, University of York |
| Session type: contributed |
| 1. The economic consequences of putting a price on carbon |
| By Diego Känzig; London Business School |
| presented by: Diego Känzig, London Business School |
| 2. Optimal Monetary Policy Mix at the Zero Lower Bound |
| By Dario Bonciani; Bank of England Joonseok Oh; Freie Universität Berlin |
| presented by: Joonseok Oh, Freie Universität Berlin |
| 3. Firm Heterogeneity and the Transmission of Credit Policy |
| By Konrad Kuhmann; Humboldt University Berlin |
| presented by: Konrad Kuhmann, Humboldt University Berlin |
| 4. Risky Gravity |
| By Luciana Juvenal; International Monetary Fund Paulo Santos Monteiro; University of York |
| presented by: Paulo Santos Monteiro, University of York |
| Session 48: European Central Bank September 3, 2021 10:00 to 11:50 Location: Parallel room 2 |
| Session Chair: Bernd Hayo, Philipps-University Marburg |
| Session type: contributed |
| 1. Political Voice on Monetary Policy: Evidence from the Parliamentary Hearings of the European Central Bank |
| By Federico Maria Ferrara; London School of Economics and Political Science Donato Masciandaro; Università Bocconi Manuela Moschella; Scuola Normale Superiore Davide Romelli; Trinity College Dublin |
| presented by: Davide Romelli, Trinity College Dublin |
| 2. Who Talks During Monetary Policy Quiet Periods, and Why? Evidence from the European Central Bank's Governing Council |
| By Kilian Rieder; Oesterreichische Nationalbank (Eurosystem) & CEPR |
| presented by: Kilian Rieder, Oesterreichische Nationalbank (Eurosystem) & CEPR |
| 3. Financial Markets and Dissent in the ECB's Governing Council |
| By Peter Tillmann; Justus-Liebig-Universität Gießen |
| presented by: Peter Tillmann, Justus-Liebig-Universität Gießen |
| 4. Complexity of ECB Communication and Financial Market Trading |
| By Bernd Hayo; Philipps-University Marburg |
| presented by: Bernd Hayo, Philipps-University Marburg |
| Session 49: Inflation Expectations September 3, 2021 10:00 to 11:50 Location: Parallel room 3 |
| Session Chair: Juan Angel Garcia, European Central Bank |
| Session type: contributed |
| 1. Inflation Expectations, Interest Rates, and Consumption Behavior |
| By Ricardo Nunes; University of Surrey Donghyun Park; University of Surrey |
| presented by: Donghyun Park, University of Surrey |
| 2. Underreaction in Expectations After Large Depreciations |
| By Manuel Mosquera-Tarrio; CEMLA & University of Manchester |
| presented by: Manuel Mosquera-Tarrio, CEMLA & University of Manchester |
| 3. De-Anchored Inflation Expectations and Monetary Policy |
| By Johannes Fischer; European University Institute |
| presented by: Johannes Fischer, European University Institute |
| 4. What can trend inflation tell us about long-term inflation expectations? |
| By Juan Angel Garcia; European Central Bank |
| presented by: Juan Angel Garcia, European Central Bank |
| Session 50: Macro-prudential Policy September 3, 2021 10:00 to 11:50 Location: Parallel room 4 |
| Session Chair: Lingsi Wei, University of Bath |
| Session type: contributed |
| 1. Reversal Interest Rate and Macroprudential Policy |
| By Matthieu Darracq Pariès; European Central Bank Christoffer Kok; European Central Bank Matthias Rottner; Deutsche Bundesbank |
| presented by: Matthias Rottner, Deutsche Bundesbank |
| 2. Macroprudential Policy in the Euro Area |
| By Álvaro Fernández-Gallardo Romero; Universidad de Alicante Ivan Paya; Universidad Alicante |
| presented by: Álvaro Fernández-Gallardo Romero, Universidad de Alicante |
| 3. Banking Across Borders: Are Chinese banks different? |
| By Catherine Koch; Bank for International Settlements |
| presented by: Catherine Koch, Bank for International Settlements |
| 4. Financial Innovation, Macro-prudential Policies and Leverage Cycles |
| By Lingsi Wei; University of Bath |
| presented by: Lingsi Wei, University of Bath |
| Session 51: Monetary Policy IV September 3, 2021 10:00 to 11:50 Location: Parallel room 5 |
| Session Chair: Lukas Altermatt, University of Essex |
| Session type: contributed |
| 1. Option-implied expectations and the (non) neutrality of money |
| By Anastasios Megaritis |
| presented by: Anastasios Megaritis, |
| 2. Who Gets Jobs Matters: Monetary Policy and the Labour Market |
| By Uros Herman; GSEFM, Goethe University Frankfurt |
| presented by: Uros Herman, GSEFM, Goethe University Frankfurt |
| 3. Federal Reserve Communication and the COVID-19 Pandemic |
| By Jonathan Benchimol; Bank of Israel Sophia Kazinnik; Federal Reserve Bank of Richmond Yossi Saadon; Bank of Israel |
| presented by: Jonathan Benchimol, Bank of Israel |
| 4. Oligopoly Banking, Risky Investment, and Monetary Policy |
| By Lukas Altermatt; University of Essex ZIJIAN WANG; University of Western Ontario |
| presented by: Lukas Altermatt, University of Essex |
| Session 52: Optimal Monetary Policy September 3, 2021 10:00 to 11:50 Location: Parallel room 6 |
| Session Chair: Laura Gáti, |
| Session type: contributed |
| 1. Optimal Robust Monetary Policy with Parameters and Output Gap Uncertainty |
| By Adriana Grasso; Banca d'Italia (Bank of Italy) Guido Traficante; Università Europea di Roma and CASMEF |
| presented by: Guido Traficante, Università Europea di Roma and CASMEF |
| 2. A Toolkit for Computing Constrained Optimal Policy Projections (COPPs) |
| By Oliver de Groot; University of Liverpool Management School Falk Mazelis; European Central Bank Roberto Motto; European Central Bank Annukka Ristiniemi; European Central Bank |
| presented by: Oliver de Groot, University of Liverpool Management School |
| 3. Persistence-Dependent Optimal Policy Rules |
| By Jean-Bernard Chatelain; University Paris I Pantheon Sorbonne Kirsten Ralf; ESCE Ecole Supérieure de Commerce Exterieur |
| presented by: Jean-Bernard Chatelain, University Paris I Pantheon Sorbonne |
| 4. Monetary Policy & Anchored Expectations. An Endogenous Gain Learning Model |
| By Laura Gáti |
| presented by: Laura Gáti, |
| Session 53: Regulation September 3, 2021 10:00 to 11:50 Location: Parallel room 7 |
| Session Chair: Ivy Sabuga, City University of London |
| Session type: contributed |
| 1. Does regulation only bite the less profitable? Evidence from the too-big-to-fail reforms |
| By Tirupam Goel; Bank for International Settlements Ulf Lewrick; Bank for International Settlements Aakriti Mathur; Bank of England |
| presented by: Aakriti Mathur, Bank of England |
| 2. Speculative and Precautionary Demand for Liquidity in Competitive Banking Markets |
| By Diemo Dietrich; Newcastle University Thomas Gehrig; University of Vienna |
| presented by: Diemo Dietrich, Newcastle University |
| 3. Bank capital structure and regulation: Overcoming and embracing adverse selection |
| By Sonny Biswas; University of Bristol Kostas Koufopoulos; University of York |
| presented by: Kostas Koufopoulos, University of York |
| 4. Dynamics of the Output Floor: A Model-Based Assessment |
| By Jonathan Acosta-Smith; Bank of England Marzio Bassanin; Bank of England Ivy Sabuga; City University of London |
| presented by: Ivy Sabuga, City University of London |
| Session 54: Keynote Lecture IV: Marcel Fratzscher: "Prospects for the economic recovery from the pandemic and implications for macroeconomics and social policies" September 3, 2021 13:00 to 14:00 Location: Plenary Room |
| Session Chair: Charles Brendon, University of Cambridge |
| Session type: invited |
| Session 55: Allocation, Misallocation II September 3, 2021 14:10 to 16:00 Location: Parallel room 1 |
| Session Chair: Isabelle Roland, University of Cambridge |
| Session type: contributed |
| 1. Learning and the Anatomy of the Profitability Premium |
| By Chi-Yang Tsou; Hong Kong University of Science and Technology |
| presented by: Chi-Yang Tsou, University of Manchester |
| 2. The Good, the Bad, and the not-so Ugly of Credit Booms: Capital Allocation and Financial Constraints |
| By Matías Braun Francisco Marcet; University of Chile Claudio Raddatz; Universidad de Chile |
| presented by: Matías Braun, |
| 3. Exuberant and Uninformed: How Financial Markets (Mis-)Allocate Capital during Booms |
| By Ilja Kantorovitch; Universitat Pompeu Fabra |
| presented by: Ilja Kantorovitch, Universitat Pompeu Fabra |
| 4. The Aggregate Consequences of Forbearance Lending: Evidence from Japan |
| By Isabelle Roland; University of Cambridge |
| presented by: Isabelle Roland, University of Cambridge |
| Session 56: Business Cycles, Shocks and Bubbles II September 3, 2021 14:10 to 16:00 Location: Parallel room 2 |
| Session Chair: Omar Licandro, University of Nottingham |
| Session type: contributed |
| 1. Did the Great Influenza of 1918-1920 Trigger A Reversal of the First Era of Globalization? |
| By Pierre Siklos; Wilfrid Laurier University |
| presented by: Pierre Siklos, Wilfrid Laurier University |
| 2. Reducing Strategic Default in a Financial Crisis |
| By Sumit Agarwal; NUS Vyacheslav Mikhed; Federal Reserve Bank of Philadelphia Barry Scholnick; Univ. of Alberta Man Zhang; University of Sydney |
| presented by: Barry Scholnick, Univ. of Alberta |
| 3. A Disaster Always Rings Twice: Early life experiences and central bankers’ reactions to natural disasters |
| By Maqsood Aslam; LEM-University of Lille Etienne Farvaque; University of Lille |
| presented by: Etienne Farvaque, University of Lille |
| 4. Switching-track after the Great Recession |
| By francesca vinci; ECB Omar Licandro; University of Nottingham |
| presented by: Omar Licandro, University of Nottingham |
| Session 57: Global Dynamics September 3, 2021 14:10 to 16:00 Location: Parallel room 3 |
| Session Chair: Bada Han, Bank of Korea |
| Session type: contributed |
| 1. A New Channel for Global Volatility Propagation |
| By Shuning Chen; Tianjin University Jianxin Wang; University of Technology Sydney |
| presented by: Jianxin Wang, University of Technology Sydney |
| 2. Barriers to Global Capital Allocation |
| By Bruno Pellegrino; University of Maryland Enrico Spolaore; Tufts University Romain Wacziarg; UCLA |
| presented by: Bruno Pellegrino, University of Maryland |
| 3. International transmission of interest rates: the role of international reserves and sovereign debt |
| By António Afonso; ISEG-ULisboa Florence Huart; LEM (CNRS), University of Lille João Jalles Piotr Stanek; Cracow University of Economics |
| presented by: Piotr Stanek, Cracow University of Economics |
| 4. Transmission of Global Financial Shocks: Which Capital Flows Matter? |
| By Bada Han; Bank of Korea |
| presented by: Bada Han, Bank of Korea |
| Session 58: Bank Lending September 3, 2021 14:10 to 16:00 Location: Parallel room 4 |
| Session Chair: Lorena Keller, University of Pennsylvania |
| Session type: contributed |
| 1. Banking on Experience |
| By Hans Degryse; KU Leuven and CEPR Sotirios Kokas; University of Essex Raoul Minetti; Michigan State University |
| presented by: Sotirios Kokas, University of Essex |
| 2. Banking Industry Dynamics and Size-Dependent Capital Regulation |
| By Tirupam Goel; Bank for International Settlements |
| presented by: Tirupam Goel, Bank for International Settlements |
| 3. On the Macroeconomic Effects of Shadow Banking Development |
| By Georgios Magkonis; University of Portsmouth Eun Young Oh; University of Portsmouth Shuonan Zhang; The University of Portsmouth |
| presented by: Shuonan Zhang, The University of Portsmouth |
| 4. Arbitraging Covered Interest Rate Parity Deviations and Bank Lending |
| By Lorena Keller; University of Pennsylvania |
| presented by: Lorena Keller, University of Pennsylvania |
| Session 59: Business Cycles, Shocks and Bubbles III September 3, 2021 14:10 to 16:00 Location: Parallel room 5 |
| Session Chair: Alistair Macaulay, University of Oxford |
| Session type: contributed |
| 1. Price, sales, and the business cycle: microeconomic evidence |
| By Fernando Borraz; Banco Central del Uruguay and Universidad de la Republica Giacomo Livan; University College London Pablo Picardo; Banco Central del Uruguay Anahi Rodriguez; CEMLA |
| presented by: Anahi Rodriguez, CEMLA |
| 2. Credit Allocation and Macroeconomic Fluctuations |
| By Karsten Müller; Princeton University Emil Verner; MIT |
| presented by: Karsten Müller, Princeton University |
| 3. Aggregate Fluctuations from Clustered Micro Shocks |
| By Daisoon Kim; North Carolina State University |
| presented by: Daisoon Kim, North Carolina State University |
| 4. Cyclical Attention to Saving |
| By Alistair Macaulay; University of Oxford |
| presented by: Alistair Macaulay, University of Oxford |
| Session 60: Climate Change and Monetary Policy September 3, 2021 14:10 to 16:00 Location: Parallel room 6 |
| Session Chair: Josselin Roman, Paris-Dauphine University |
| Session type: contributed |
| 1. We Are All in the Same Boat: Cross-Border Spillovers of Climate Risk Through International Trade and Supply Chain |
| By Xiaochen Feng; International Monetary Fund Haishi Li; University of Chicago |
| presented by: Haishi Li, University of Chicago |
| 2. Rare disasters, the natural interest rate and monetary policy |
| By Alessandro Cantelmo; Banca d'Italia |
| presented by: Alessandro Cantelmo, Banca d'Italia |
| 3. Climate Change Regulatory Risks and Bank Lending |
| By Eleonora Sfrappini; Halle Institute for Economic Research Isabella Mueller; Halle Institute for Economic Research |
| presented by: Eleonora Sfrappini, Halle Institute for Economic Research |
| 4. Policy Interaction and the Transition to Clean Technology |
| By Ghassane Benmir; London School of Economics Josselin Roman; Paris-Dauphine University |
| presented by: Josselin Roman, Paris-Dauphine University |
| Session 61: Inflation Targeting September 3, 2021 14:10 to 16:00 Location: Parallel room 7 |
| Session Chair: Oliver Pfäuti, University of Mannheim |
| Session type: contributed |
| 1. Would German Households Understand Average Inflation Targeting? |
| By Mathias Hoffmann; Deutsche Bundesbank Emanuel Moench; Deutsche Bundesbank Lora Pavlova; Karlsruhe Institute of Technology Guido Schultefrankenfeld; Deutsche Bundesbank |
| presented by: Guido Schultefrankenfeld, Deutsche Bundesbank |
| 2. Economic performance under different monetary policy frameworks |
| By Peter Macmillan; Uni of St Andrews David Cobham; Heriot-Watt University Mengdi Song; NYU Abu Dhabi |
| presented by: Peter Macmillan, Uni of St Andrews |
| 3. Just Do IT? An Assessment of Inflation Targeting in a Global Comparative Case Study |
| By Roberto Duncan; Ohio University Enrique Martinez-Garcia; Federal Reserve Bank of Dallas Patricia Toledo; Ohio University |
| presented by: Roberto Duncan, Ohio University |
| 4. Inflation - who cares? Monetary Policy in Times of Low Attention |
| By Oliver Pfäuti; University of Mannheim |
| presented by: Oliver Pfäuti, University of Mannheim |
| Session 62: Uncertainty Shocks September 3, 2021 14:10 to 16:00 Location: Parallel room 8 |
| Session Chair: Niraj Koirala, Texas Tech University |
| Session type: contributed |
| 1. Uncertainty Shocks, Financial Frictions and Business Cycle Asymmetries Across Countries |
| By Pratiti Chatterjee; University of New South Wales |
| presented by: Pratiti Chatterjee, University of New South Wales |
| 2. Financial Shocks, Uncertainty Shocks, and Monetary Policy Trade-Offs |
| By Marco Brianti; Boston College |
| presented by: Marco Brianti, Boston College |
| 3. Uncertainty Shocks, Capital Flows, and International Risk Spillovers |
| By Ozge Akinci; Federal Reserve Bank of New York Sebnem Kalemli-Ozcan; University of Maryland Albert Queralto |
| presented by: Albert Queralto, |
| 4. Uncertainty Shocks in a Model with Alternative Specifications of Financial Frictions |
| By Niraj Koirala; Texas Tech University |
| presented by: Niraj Koirala, Texas Tech University |
| Session 63: Harry Johnson Keynote Lecture V: Olivier Blanchard "Fiscal Policy Under Low Rates" September 3, 2021 16:10 to 17:10 Location: Plenary room |
| Session Chair: Giancarlo Corsetti, University of Cambridge |
| Session type: invited |
| # | Participant | Roles in Conference |
|---|---|---|
| 1 | Afonso, António | P23 |
| 2 | Albuquerque, Bruno | P18 |
| 3 | Alfarhoud, Abdul | P22 |
| 4 | Alfaro, Laura | D3 |
| 5 | Altermatt, Lukas | P51, C51 |
| 6 | Anzoategui, Diego | P15 |
| 7 | Arslan, Yavuz | P7 |
| 8 | Ballis, Antonis | P32 |
| 9 | Bürgi, Constantin | P44, C44 |
| 10 | Benchimol, Jonathan | P51 |
| 11 | Beqiraj, Elton | P41 |
| 12 | Berardi, Michele | P29 |
| 13 | Binner, Jane | P20, C20 |
| 14 | Biswas, Sonny | P19 |
| 15 | Bondar, Mariia | P22, C22 |
| 16 | Boschi, Melisso | P28, C28 |
| 17 | Bostanci, Gorkem | P9 |
| 18 | Boualam, Yasser | P18 |
| 19 | Braun, Matías | P55 |
| 20 | Breitenlechner, Max | P37 |
| 21 | Brendon, Charles | C54 |
| 22 | Brianti, Marco | P62 |
| 23 | Brizhatyuk, Dmitry | P28 |
| 24 | Cai, Charlie | P8 |
| 25 | Calani, Mauricio | P38 |
| 26 | Calvo-Pardo, Hector | P33 |
| 27 | Campomanes, Ignacio | P23, C23 |
| 28 | Cantelmo, Alessandro | P60 |
| 29 | Cantore, Cristiano | P5, C5 |
| 30 | Chatelain, Jean-Bernard | P52 |
| 31 | Chatterjee, Pratiti | P62 |
| 32 | Chen, Jun | P42 |
| 33 | Chiarotti, Edoardo | P22 |
| 34 | Citci, Sadettin | P21, C21 |
| 35 | Corsetti, Giancarlo | C63 |
| 36 | Dabiré, Fabrice Anicet | P26 |
| 37 | Dardati, Evangelina | P6, C6 |
| 38 | David, Joel | P6 |
| 39 | de Groot, Oliver | P52 |
| 40 | Demir, Ishak | P28 |
| 41 | Di Pace, Federico | P5 |
| 42 | Dietrich, Diemo | P53 |
| 43 | Dilts Stedman, Karlye | P36, C36 |
| 44 | Doblas-Madrid, Antonio | P32 |
| 45 | Dobrew, Michael | P26 |
| 46 | Dogan, Aydan | P3 |
| 47 | Drechsel, Thomas | P46 |
| 48 | Duncan, Roberto | P61 |
| 49 | Duque Gabriel, Ricardo | P5 |
| 50 | Esady, Vania | P25, C25 |
| 51 | Farvaque, Etienne | P27, C27, P56 |
| 52 | Fatouh, Mahmoud | P18 |
| 53 | Fernández-Gallardo Romero, Álvaro | P50 |
| 54 | Firat, Melih | P10 |
| 55 | Fischer, Johannes | P49 |
| 56 | Franconi, Alessandro | P27 |
| 57 | Gai, Yue | P41 |
| 58 | Galichere, Arthur | P10 |
| 59 | gambetti, luca | D31 |
| 60 | Gamboa-Estrada, Fredy | P8 |
| 61 | Garcia, Juan Angel | P49, C49 |
| 62 | Garratt, Anthony | P21 |
| 63 | Gáti, Laura | P52, C52 |
| 64 | Geiger, Martin | P42 |
| 65 | Ghosal, Sayantan | P29 |
| 66 | Giannitsarou, Chryssi | C30 |
| 67 | Giansante, Simone | P4 |
| 68 | Goel, Tirupam | P58 |
| 69 | Gopalakrishna, Goutham | P11 |
| 70 | Gründler, Daniel | P37 |
| 71 | Gupta, Arun | P4 |
| 72 | Haas, Alexander | P12 |
| 73 | Han, Bada | P57, C57 |
| 74 | Hatcher, Michael | P29 |
| 75 | Hayo, Bernd | P48, C48 |
| 76 | Herman, Uros | P51 |
| 77 | Hong, Zu Yao | P36 |
| 78 | Hong, Seokki | P21 |
| 79 | Horst, Maximilian | P16 |
| 80 | Izumi, Ryuichiro | P43 |
| 81 | Joergensen, Kasper | P37, C37 |
| 82 | Kala, Tomas | P19, C19 |
| 83 | Kaminska, Iryna | P12 |
| 84 | Kantorovitch, Ilja | P55 |
| 85 | Karantounias, Anastasios | P27, D31 |
| 86 | Karbe, Susanne | P9 |
| 87 | Känzig, Diego | P47 |
| 88 | König, Tobias | P19 |
| 89 | Keller, Lorena | P58, C58 |
| 90 | Kim, Duhyeong | P14 |
| 91 | Kim, Daisoon | P59 |
| 92 | Klein, Mathias | P25 |
| 93 | Kobielarz, Michal | P20 |
| 94 | Koch, Catherine | P50 |
| 95 | Koetter, Michael | P20 |
| 96 | Kohler, Wilhelm | P20 |
| 97 | Kohlhas, Alexandre | P31 |
| 98 | Koirala, Niraj | P62, C62 |
| 99 | Kokas, Sotirios | P58 |
| 100 | Kollmann, Robert | P10 |
| 101 | Kolokolova, Olga | P8, C8 |
| 102 | Kontonikas, Alexandros | P16 |
| 103 | Koufopoulos, Kostas | P53 |
| 104 | Kuhmann, Konrad | P47 |
| 105 | Kumar, Alok | P34 |
| 106 | Lanteri, Andrea | P6 |
| 107 | Lau, Marco Chi Keung | P17 |
| 108 | Lavery, Paul | P24 |
| 109 | Lee, Eunkyung | P12, C12 |
| 110 | Lee, Donggyu | P46 |
| 111 | Lee, Do | P9, C9 |
| 112 | Lee, Hanbaek | P33 |
| 113 | Leonardi, Edoardo | P34 |
| 114 | Levine, Paul | C31 |
| 115 | Li, Haishi | P60 |
| 116 | Li, Delong | P43 |
| 117 | Licandro, Omar | P56, C56 |
| 118 | Lin, Alessandro | P5 |
| 119 | Liu, Siming | P23 |
| 120 | Lloyd, Simon | P3 |
| 121 | Loberto, Michele | P40, C40 |
| 122 | Lozej, Matija | P15 |
| 123 | Lukmanova, Elizaveta | P35, C35 |
| 124 | Ma, Lingjie | P41, C41 |
| 125 | Ma, Chang | P19 |
| 126 | Macaulay, Alistair | P59, C59 |
| 127 | Macmillan, Peter | P61 |
| 128 | Makhlouf, Yousef | P46 |
| 129 | Mandler, Martin | P35 |
| 130 | Manuel, Ed | P3 |
| 131 | Marbet, Joël | P13 |
| 132 | Marin, Emile | P10, C10 |
| 133 | Martin-Baillon, Alaïs | P34, C34 |
| 134 | Martinez, Humberto | P33, C33 |
| 135 | Mathur, Aakriti | P53 |
| 136 | Müller, Karsten | P59 |
| 137 | Megaritis, Anastasios | P51 |
| 138 | Michau, Jean-Baptiste | P23 |
| 139 | Mimir, Yasin | P13, C13 |
| 140 | Mineyama, Tomohide | P45 |
| 141 | Minford, Lucy | P46, C46 |
| 142 | Mizen, Paul | C1, C2, P40 |
| 143 | Monteiro, Victor | P24 |
| 144 | Morana, Claudio | P4 |
| 145 | Mosquera-Tarrio, Manuel | P49 |
| 146 | Nakov, Anton | P24 |
| 147 | Neamtu, Ioana | P14, C14 |
| 148 | Nimark, Kristoffer | P31 |
| 149 | Nirola, Nupur | P17 |
| 150 | Nower, Michael | P33 |
| 151 | Oh, Joonseok | P47 |
| 152 | Okolo, Magdalyn | P4, C4 |
| 153 | Olson, Eric | P13 |
| 154 | Ortego-Marti, Victor | P40 |
| 155 | Ozkan, Gulcin | C39 |
| 156 | Park, Donghyun | P49 |
| 157 | Pellegrino, Bruno | P57 |
| 158 | Penalver, Adrian | P12 |
| 159 | Pfäuti, Oliver | P61, C61 |
| 160 | Piffer, Michele | P13 |
| 161 | Pirzada, Ahmed | P26, C26 |
| 162 | Pretnar, Nick | P45 |
| 163 | Price, Simon | P42, C42 |
| 164 | Queralto, Albert | P62 |
| 165 | Rankin, Neil | P25 |
| 166 | Rieder, Kilian | P48 |
| 167 | Rodriguez, Anahi | P59 |
| 168 | Roettger, Joost | P17 |
| 169 | Roland, Isabelle | P55, C55 |
| 170 | Roman, Josselin | P60, C60 |
| 171 | Romelli, Davide | P44, P48 |
| 172 | Rottner, Matthias | P50 |
| 173 | Sabah, Nasim | P45, C45 |
| 174 | Sabuga, Ivy | P53, C53 |
| 175 | Santos Monteiro, Paulo | P47, C47 |
| 176 | Scholnick, Barry | P56 |
| 177 | Schultefrankenfeld, Guido | P61 |
| 178 | Sfrappini, Eleonora | P60 |
| 179 | Shchepeleva, Maria | P32, C32 |
| 180 | Shen, Jialu | P11 |
| 181 | Shi, Aruhan | P22 |
| 182 | Shi, Yu | P11 |
| 183 | Shields, Kalvinder | P21 |
| 184 | Siklos, Pierre | P56 |
| 185 | Smith, Ron | P36 |
| 186 | Smith, Peter | P8 |
| 187 | Spaliara, Marina | P18, C18 |
| 188 | Stanek, Piotr | P57 |
| 189 | Stewen, Iryna | P17, C17 |
| 190 | Stolbov, Mikhail | P38 |
| 191 | Su, Dan | P6 |
| 192 | Talbot, James | C3 |
| 193 | Taylor, Robert | P42 |
| 194 | Thoenissen, Christoph | P34 |
| 195 | Tillmann, Peter | P48 |
| 196 | Traficante, Guido | P52 |
| 197 | Trew, Alex | P35 |
| 198 | Trzeciakiewicz, Dawid | P27 |
| 199 | Tsou, Chi-Yang | P55 |
| 200 | Tsoukas, Serafeim | P41 |
| 201 | Valaitis, Vytautas | P45 |
| 202 | Valcarcel, Victor | P16, C16 |
| 203 | Valencia, Oscar | P40 |
| 204 | Varadi, Alexandra | P11, C11 |
| 205 | Vasilopoulos, Kostas | P28 |
| 206 | Velasco, Sofia | P36 |
| 207 | Wang, Tianxi | P15, C15 |
| 208 | Wang, Jianxin | P57 |
| 209 | Wang, Yizhi | P32 |
| 210 | Wei, Lingsi | P50, C50 |
| 211 | Wicknig, Florian | P7 |
| 212 | Winkler, Fabian | P35 |
| 213 | Winterberg, Hannah | P14 |
| 214 | Wipf, Christian | P14 |
| 215 | Wright, Stephen | D31 |
| 216 | Wu, Zhiting | P9 |
| 217 | Wu, Steve Pak Yeung | P43, C43 |
| 218 | Xavier, Inês | P38, C38 |
| 219 | Xu, Ying | P38 |
| 220 | Yamarthy, Ram | P44 |
| 221 | Yang, Bo | P31 |
| 222 | Yankov, Vladimir | P43 |
| 223 | Yao, Yumei | P24, C24 |
| 224 | Ye, Xiaoxia | P29, C29 |
| 225 | Ying, Chao | P37, P44 |
| 226 | Yu, Lijie | P7, C7 |
| 227 | Zachariadis, Marios | P25 |
| 228 | Zhang, Shuonan | P58 |
| 229 | Zong, Xiaoyu | P7 |
This program was last updated on 2021-10-15 12:47:37 EDT