Fall 2018

Tuesday, August 28, 2018

Seminar 237, Going Negative at the Zero Lower Bound: The Effects of Negative Rates on Bank Profitability.

Seminar: Macroeconomics | August 28 | 2-3:30 p.m. | 597 Evans Hall

 Mauricio Ulate, University of California - Berkeley

 Department of Economics

In the aftermath of the Great Recession several central banks started paying negative nominal interest rates on reserves in an expansionary attempt, but the effectiveness of this measure remains unclear. Negative rates can stimulate the economy by lowering the interest rates that commercial banks charge on loans, but they can also hurt bank profitability by squeezing deposit spreads. This paper...   More >

Tuesday, September 4, 2018

Seminar 237, Monetary Policy, Financial Crises, and the Limits to Arbitrage

Seminar: Macroeconomics | September 4 | 2:10-3:30 p.m. | 597 Evans Hall

 Walker Ray, University of California - Berkeley

 Department of Economics

With conventional monetary policy unable to stabilize the economy in the wake of the global financial crisis, central banks turned to unconventional tools. This paper embeds a model of the term structure of interest rates featuring market segmentation and limits to arbitrage within a New Keynesian model to study these policies. Because the transmission of monetary policy depends on private agents...   More >

Tuesday, September 11, 2018

Student Faculty Macro Lunch

Presentation: Macroeconomics: International Trade & Finance | September 11 | 12-1 p.m. | 639 Evans Hall

 Chris Edmond, Professor of Economics, University of Melbourne

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by September 6.

Seminar 237, Business Cycle and Earnings Inequality

Seminar: Macroeconomics | September 11 | 2:10-3:30 p.m. | 597 Evans Hall

 Byoungchan Lee, University of California - Berkeley

 Department of Economics

This paper studies dynamics of earnings inequality and its macroeconomic implications. I construct a quarterly measure of earnings inequality based on the Quarterly Census of Employment and Wages. Using the new measure, I investigate how earnings inequality responds to macroeconomic shocks. Although technology and fiscal policy shocks explain a significant fraction of the cyclical dynamics of...   More >

Wednesday, September 12, 2018

Replication Seminar, "Heterogeneous firms and variable markups"

Presentation: Macroeconomics: International Trade & Finance | September 12 | 10 a.m.-12 p.m. | 648 Evans Hall

 Chris Edmond, Professor of Economics, University of Melbourne

 Clausen Center

Brief Abstract: “In this presentation I will explain in detail how to solve and calibrate the model of heterogenous firms with endogenously variable markups analyzed in Edmond, Midrigan and Xu (2018 NBER wp). Models of this kind are used in research at the intersection of macro, IO and trade. I will explain how these models can be solved efficiently using projection methods and provide sample...   More >

 

Tuesday, September 18, 2018

Seminar 237, The Macroeconomic Implications of Corporate Debt Policies and Pricing Strategies

Seminar: Macroeconomics | September 18 | 2:10-3:30 p.m. | 597 Evans Hall

 Christian Jauregui, UC - Berkeley

 Department of Economics

This paper studies the effect of bank lending frictions on firms' corporate debt choices and behaviors in product markets, whereby debt composition consists of bank loans and (market-based) bond issuances. I document a hump-shaped relationship between a firm's reliance on market financing and its product (price-marginal) cost markup: on average, markups rise with their share of market debt in...   More >

Tuesday, September 25, 2018

Student Faculty Macro Lunch - "Model Selection And Impulse Responses With Single Equation Regressions"

Presentation: Macroeconomics: International Trade & Finance | September 25 | 12-1 p.m. | 639 Evans Hall

 Chaewon Baek, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by September 20.

Seminar 237, Why do Spatial Wage Gaps Persist? Evidence from the Enduring Divide between East and West Germany

Seminar: Macroeconomics | September 25 | 2:10-3:30 p.m. | 597 Evans Hall

 Tommaso Porzio, University of California, San Diego

 Department of Economics

Joint work with Sebastian Heise

Tuesday, October 2, 2018

Student Faculty Macro Lunch - "Inflation Expectations And Firm Decisions: New Causal Evidence"

Presentation: Macroeconomics: International Trade & Finance | October 2 | 12-1 p.m. | 639 Evans Hall

 Yuriy Gorodnichenko, Professor of Economics, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by September 27.

Seminar 237, The Inattentive Consumer: Sentiment and Expectations

Seminar: Macroeconomics | October 2 | 2:10-3:30 p.m. | 597 Evans Hall

 Rupal Kamdar

 Department of Economics

Tuesday, October 9, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | October 9 | 12-1 p.m. | 639 Evans Hall

 Supreet Kaur, Assistant Professor of Economics, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by October 4.

Seminar 237, Human Frictions to the Transmission of Economic Policy

Seminar: Macroeconomics | October 9 | 2:10-3:30 p.m. | 587 Evans Hall

 Michael Weber, The University of Chicago Booth School of Business

 Department of Economics

Tuesday, October 16, 2018

Student Faculty Macro Lunch - "The Value of Unemployment Insurance": Joint with Camille Landais

Presentation: Macroeconomics: International Trade & Finance | October 16 | 12-1 p.m. | 639 Evans Hall

 Johannes Spinnewijn

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by October 11.

Seminar 237/281: Macro/International Seminar - "Topic Forthcoming"

Seminar: Macroeconomics: International Trade & Finance | October 16 | 2-4 p.m. | 597 Evans Hall | Note change in time

 Gita Gopinath, Harvard University

 Department of Economics

Joint with Macro

Tuesday, October 23, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | October 23 | 12-1 p.m. | 639 Evans Hall

 Andres Rodriguez-Clare, Professor of Economics, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by October 18.

Seminar 237/281: Macro/International Seminar - "Topic Forthcoming"

Seminar: Macroeconomics: International Trade & Finance | October 23 | 2-4 p.m. | 597 Evans Hall

 David Baqaee, UCLA

 Department of Economics

TBD

Tuesday, October 30, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | October 30 | 12-1 p.m. | 639 Evans Hall

 Magnus Gulbrandsen, Visiting Student Researcher / PhD Candidate

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by October 25.

Seminar 237/281: Macro/International Seminar - ""The Intertemporal Keynesian Cross""

Seminar: Macroeconomics: International Trade & Finance | October 30 | 2-4 p.m. | 597 Evans Hall

 Ludwig Straub, Postdoctoral Fellow in Economics, Harvard University

 Department of Economics

TBD

Tuesday, November 6, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | November 6 | 12-1 p.m. | 639 Evans Hall

 Nicolas Petroskey-Nadeau, Senior Research Advisor, Federal Reserve Bank of San Francisco

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by November 1.

Seminar 237, Fiscal Origins of Monetary Paradoxes

Seminar: Macroeconomics | November 6 | 2:10-3:30 p.m. | 597 Evans Hall

 Nicolas Caramp, UC Davis

 Department of Economics

joint with Dejanir Silva

Tuesday, November 13, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | November 13 | 12-1 p.m. | 639 Evans Hall

 Emmanuel Saez, Professor of Economics, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by November 8.

Tuesday, November 27, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | November 27 | 12-1 p.m. | 639 Evans Hall

 David Sraer, Associate Professor of Business Administration and Economics, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by November 21.

Tuesday, December 4, 2018

Student Faculty Macro Lunch (Presentation Forthcoming)

Presentation: Macroeconomics: International Trade & Finance | December 4 | 12-1 p.m. | 639 Evans Hall

 Matteo Benetton, Assistant Professor of Finance, UC Berkeley

 Clausen Center

This workshop consists of one-hour informal presentations on topics related to macroeconomics and international finance, broadly defined. The presenters are UC Berkeley PhD students, faculty, and visitors.
** MUST RSVP**

 

  RSVP by emailing jgmendoza@berkeley.edu by November 30.