Conference Recap
Mon., May 9, 2022 - Fri., May 13, 2022
CORE Week, featuring the Marvin S. Goodfriend Conference
The Collaboration of Research Economists (CORE) model combines frontier research and an innovative delivery method to advance collaboration within the economics profession.
The CORE model consists of eight CORE Weeks per year. During each week, visiting economists from a range of disciplines will join with Richmond Fed economists for seminars, conferences, and formal and informal networking and collaboration—all with an eye toward advancing economic research.
Economists from across the nation and Europe joined the Richmond Fed’s Research department for the fourth installment of CORE Week in May. Topics such as the dual labor market, corporate credit risk and bank reserve remuneration were explored, and presenters included Richmond Fed economists as well as economists from Duke University, UCLA, NYU, the European Central Bank and other renowned institutions.
The week culminated with the Marvin S. Goodfriend Conference, in recognition of former Richmond Fed Research Director Marvin Goodfriend.
During the conference, memories of Marvin Goodfriend were shared and visiting economists engaged attendees through seminars focused on the topics Goodfriend worked on, such as monetary policy and central banking. Visit the Honoring Marvin Goodfriend webpage to access Essays in Honor of Marvin Goodfriend: Economist and Central Banker.
Learn More
- Learn more about the research explored during the Marvin S. Goodfriend Conference in this Economic Brief: Recent Research in Monetary Policy and Central Banking: A Conference Recap
- Alex Wolman and Robert King reflect on the life and legacy of Marvin Goodfriend in this podcast.
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1 of 13 Economists actively engaged in discussion during a break between seminars.
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2 of 13 Economists reflecting on the conference seminars.
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3 of 13 Collaboration on display during the Marvin S. Goodfriend Conference.
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4 of 13 Ayşegül Şahin presenting the paper “The Dual U.S. Labor Market Uncovered.”
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5 of 13 Al Broaddus ready to give opening remarks at the Marvin S. Goodfriend Conference.
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6 of 13 Marsha Goodfriend, Al Broaddus and Tom Barkin actively engaged during a conference seminar.
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7 of 13 Jane Li presenting the paper “Borrowing from a Fintech Platform.”
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8 of 13 Laura Gáti presenting the paper “Monetary Policy & Anchored Expectations: an Endogenous Gain Learning Model.”
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9 of 13 Hassan Afrouzi presenting the paper “Selection in Information Acquisition and Monetary Non-Neutrality.”
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10 of 13 Robert King recollecting on the time he spent working with Marvin Goodfriend.
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11 of 13 Francesco Bianchi presenting the paper “Monetary and Fiscal Policies in Times of Large Debt: Unity Is Strength.”
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12 of 13 Simon Gilchrist presenting the paper “The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF.”
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13 of 13 Paul Ho presenting the paper “A Little Trade Goes a Long Way: Foreign Shocks and Domestic Inflation.”
Presenters and Visiting Economists
Hassan Afrouzi
Francesco Bianchi
Saki Bigio
Mark Bils
Timo Boppart
Francisco Buera
Laura Gáti
Simon Gilchrist
Paul Ho
Hugo Hopenhayn
Robert G. King
Jane (Jian) Li
Chen Lian
Pablo Ottonello
Fernando Parro
Ayşegül Şahin
Kunal Sangani
Stephanie Schmitt- Grohé
Alp Simsek
Venky Venkateswaran
Mark W. Watson
Agenda
Titles listed where decided.
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Monday, May 9, 2022
12:00 pm
Visitor Seminar: Francisco Buera (Washington University in St. Louis) presenting the paper “Fiscal Paradoxes in a Liquidity Trap”
03:00 pmVisitor Seminar: Jane Li (Columbia Business School) presenting the paper "Borrowing from a Fintech Platform"
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Tuesday, May 10, 2022
10:00 am
Canal Walk
12:00 pmVisitor Seminar: Timo Boppart (University of St. Gallen) presenting the paper “The Macroeconomics of Intensive Agriculture”
03:00 pmVisitor Seminar: Ayşegül Şahin (University of Texas at Austin) presenting the paper “The Dual U.S. Labor Market Uncovered”
04:00 pmCollaboration Hour
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Wednesday, May 11, 2022
09:00 am
Economist & Visitor Collaboration Morning
12:00 pmVisitor Seminar: Venky Venkateswaran (New York University) presenting the paper “Scalable Expertise”
03:00 pmVisitor Seminar: Stephanie Schmitt- Grohé (Columbia University) presenting the paper “Optimal Bank Reserve Remuneration and Capital Control Policy”
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Thursday, May 12, 2022
10:00 am
Marvin S. Goodfriend Conference
Registration & Refreshments
10:45 amIntroductory Remarks: Alex Wolman & Al Broaddus
11:00 amRecollections of Marvin Goodfriend: Bob King
11:15 amSimon Gilchrist (NYU) presenting the paper “The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF”
12:00 pmLunch
01:00 pmPaul Ho (FRBR) presenting the paper “A Little Trade Goes a Long Way: Foreign Shocks and Domestic Inflation”
01:45 pmBreak
02:00 pmFrancesco Bianchi (John Hopkins & Duke) presenting the paper “Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength”
02:45 pmBreak
03:00 pmKunal Sangani (Harvard) presenting the paper “The Supply-Side Effects of Monetary Policy”
03:45 pmBreak
04:00 pmSaki Bigio (UCLA) presenting the paper “A Model of Credit, Money, Interest and Prices”
05:00 pmReception
06:30 pmDinner
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Friday, May 13, 2022
09:00 am
Marvin S. Goodfriend Conference
Registration & Refreshments
09:30 amIntroductory Remarks: Felipe Schwartzman
09:35 amLaura Gati (European Central Bank) presenting the paper “Monetary Policy & Anchored Expectations: an Endogenous Gain Learning Model”
10:20 amBreak
10:30 amHassan Afrouzi (Columbia University) presenting the paper “Selection in Information Acquisition and Monetary Non-Neutrality”11:15 amBreak
11:30 amAlp Simsek (Yale) presenting the paper “Monetary Policy with Opinionated Markets”
12:15 pmLunch
01:15 pmChen Lian (UC Berkeley) presenting the paper “Determinacy without the Taylor Principle”
02:00 pmClosing remarks & adjourn
Future CORE Weeks
2022
- June 21 – June 24
- August 1 – August 5
- September 26 – September 30
- November 7 – November 10
- December 12 – December 16
