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Conference Recap

Conference
Economists gathered and discussing during a break; image with CORE Week brand
Conference
Mon., Aug. 1, 2022 - Fri., Aug. 5, 2022

CORE Week, featuring the Intermediation and Bank Liquidity 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.

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The August installment of CORE Week featured 14 visiting economists who shared research findings about issues impacting the world, all outlined below. Topical focus areas ranged from the consumer-financed fiscal stimulus and the relevance of digital currency to the efficiency and effectiveness of the banking industry. The week led up to the Intermediation and Bank Liquidity Conference, which featured some of the world’s leading economists presenting papers on a variety of topics, including central bank digital currencies, monetary policy transmission and innovation networks. 

Learn More

Learn more about the research explored during the Intermediation and Bank Liquidity Conference in this Economic Brief: Intermediation and Bank Liquidity: A Conference Recap

  • Yiming Ma presenting the paper “Monetary Policy Transmission in Segmented Markets”

    1 of 4 Yiming Ma presenting the paper “Monetary Policy Transmission in Segmented Markets”

  • Active engagement during CORE week seminars is a key element for advancing economic research.

    2 of 4 Active engagement during CORE week seminars is a key element for advancing economic research.

  • Connecting between CORE week seminars

    3 of 4 Connecting between CORE week seminars

  • Discussion among economists post seminar

    4 of 4 Discussion among economists post seminar

Presenters and Visiting Economists

Javier Bianchi
Javier Bianchi
FRB-Minneapolis
Dean Corbae
Dean Corbae
University of Wisconsin-Madison
Giovanni Gallipoli
Giovanni Gallipoli
Vancouver School of Economics, UBC
Pablo Guerron
Pablo Guerron
Boston College
headshot of Hugo Hopenhayn
Hugo Hopenhayn
UCLA
Rustam Jamilov
Rustam Jamilov
University of Oxford
Ernest Liu
Ernest Liu
Princeton University
headshot of Yiming Ma
Yiming Ma
Columbia Business School
Matt Notowidigdo
Matt Notowidigdo
University of Chicago and NBER
Ezra Oberfield
Ezra Oberfield
Princeton University
headshot of Ricardo Reis
Ricardo Reis
London School of Economics
Bruno Sultanum
headshot of Russell Wong
Russell Wong
Federal Reserve Bank of Richmond
Kairong Xiao
Kairong Xiao
Columbia Business School

Agenda

  • Monday, Aug. 1, 2022
    03:00 pm

    Visitor Seminar: Ezra Oberfield (Princeton University) presenting the paper “Inequality and Measured Growth”

    04:00 pm

    Collaboration Hour

  • Tuesday, Aug. 2, 2022
    12:00 pm

    Visitor Seminar: Matt Notowidigdo (University of Chicago and NBER) presenting the paper “Consumer-Financed Fiscal Stimulus: Evidence from Digital Coupons in China”, joint with Jing Ding, Lei Jiang and Lucy Msall

    04:00 pm

    Visitor Seminar: Giovanni Gallipoli (University of British Columbia) presenting the paper “The Distribution of Labor Market Surplus,” joint with Davide Alonzo

  • Wednesday, Aug. 3, 2022
    09:00 am

    Economist & Visitor Collaboration Morning

    12:00 pm

    Visitor Seminar: Pablo Guerron (Boston College) presenting the paper “Exchange Rate Disconnect Redux,” joint with Ryan Chahrour, Vito Cormun, Pierre De Leo and Rosen Valchev

    04:00 pm

    Visitor Seminar: Ricardo Reis (London School of Economics) presenting the paper “Did r* really fall? Estimates and implications for monetary policy”

  • Thursday, Aug. 4, 2022
    10:00 am

    Intermediation and Bank Liquidity Conference

    Registration & Refreshments

    10:25 am

    Introductory Remarks

    10:30 am

    Kairong Xiao (Columbia Business School) presenting the paper "Central Bank Digital Currency and Banks", joint with Toni M. Whithed and Yufeng Wu

    11:15 am

    Break

    11:45 am

    Russell Wong (Federal Reserve Bank of Richmond) presenting the paper “Disintermediating the Fed Funds Market,” joint with Mengbo Zhang

    12:30 pm

    Lunch

    01:45 pm

    Javier Bianchi (Federal Reserve Bank of Minneapolis) presenting the paper “Bank Runs, Fragility, and Credit Easing,” joint with Manuel Amador

    02:30 pm

    Break

    03:00 pm

    Rustam Jamilov (University of Oxford) presenting the paper “HBANK: Monetary Policy with Heterogeneous Banks,” joint with Marco Bellifemine and Tommaso Monacelli

    03:45 pm

    Break

    04:00 pm

    Dean Corbae (University of Wisconsin-Madison) presenting the paper “Competition, Stability, and Efficiency in the Banking Industry,” joint with Ross Levine

    05:30 pm

    Reception

    06:30 pm

    Conference Dinner

  • Friday, Aug. 5, 2022
    09:30 am

    Registration & Refreshments

    10:00 am

    Ernest Liu (Princeton University) presenting the paper “Innovation Networks and R&D Allocation,” joint with Song Ma

    10:45 am

    Yiming Ma (Columbia Business School) presenting the paper “Monetary Policy Transmission in Segmented Markets,” joint with Jens Eisenschmidt and Anthony Lee Zhang

    11:30 am

    Break

    11:45 am

    Bruno Sultanum (Federal Reserve Bank of Richmond) presenting the paper “Dealer Balance-Sheet Costs and Customer Counterpart Choice,” joint with Andre C. Silva and Lucas B. Dyskant

    12:30 pm

    Closing Remarks & Lunch

Future CORE Weeks

2022

  • September 26 – September 30
  • November 7 – November 10
  • December 12 – December 16

Previous CORE Weeks

2021

2022

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