The Frontier Topics in Macro-Finance Conference, co-hosted with the Macro Finance Research Program and the Fama-Miller Center for Research in Finance, will take place on May 1-2, 2025 at the Gleacher Center in Chicago, IL.

The presentation format will be 25 mins for presenters, 20 for discussants, and 15 for Q&A.

Attendance for this event is by invitation only.

Agenda

Thursday, May 1, 2025
11:30 am–12:30 pm

Registration and Lunch

Session 1: Monetary Policy and Financial Markets

12:30 pm–1:30 pm

Inflation and income redistribution: Evidence from US tax data from 1969 to present

Larry Schmidt, Massachusetts Institute of Technology (Presenter)
Marc de la Barrera, US Census Bureau
Stavros Panageas, UCLA Anderson School of Management
Dimitris Papanikolaou, Northwestern Kellogg School of Management
Jon Rothbaum, US Census Bureau

Nicolas Werquin, Federal Reserve Bank of Chicago (Discussant)

1:30 pm–2:00 pm

Break

2:00 pm–3:00 pm

Stagflationary Stock Returns

Yannick Timmer, Board of Governors of the Federal Reserve System (Presenter)
Benjamin Knox, Board of Governors of the Federal Reserve System

Bruno Pellegrino, Columbia Business School (Discussant)

3:00 pm–3:30 pm

Break

3:30 pm–5:00 pm

Panel on Climate

Lars Peter Hansen, University of Chicago (Moderator)

Panelists:

Sewon Hur, Federal Reserve Bank of Dallas
Stephie Fried, Federal Reserve Bank of San Francisco
Kelly Shue, Yale University

6:00 pm–8:00 pm

Conference Dinner

Friday, May 2, 2025
8:00 am–9:00 am

Registration and Breakfast

Session 2: Production

9:00 am–10:00am

Process Intangibles and Agency Conflicts

Hao Xing, Boston University (Presenter)
Hui Chen, MIT
Ali Kakhbod, UC Berkeley
Maziar Kazemi, Arizona State University

Bryan Seegmiller, Northwestern University (Discussant)

10:00 am–10:30 am

Break

10:30 am–11:30 am

Heterogeneous Innovations and Growth Under Imperfect Technology Spillover

Seula Kim, Penn State University and IZA (Presenter)
Karam Jo, Korea Development Institute

Marta Prato, Bocconi University (Discussant)

11:30 am–12:00 pm

Break

12:00 pm–1:00 pm

Lunch

Session 3: Beliefs

1:00 pm–2:00 pm

The Macroeconomics of Data

Vladimir Asriyan, Centre de Recerca en Economia Internacional (Presenter)
Alexandre Kohlhas, University of Oxford

Joachim Hubmer, University of Pennsylvania (Discussant)

2:00 pm–2:30 pm

Break

2:30 pm–3:30 pm

Bond Market Views of the Fed

Luigi Bocola, Stanford University (Presenter)
Alessandro Dovis, University of Pennsylvania
Kasper Jørgensen, European Central Bank
Rishabh Kirpalani, University of Wisconsin-Madison

Anna Cieslak, Duke University (Discussant)

3:30 pm–4:00 pm

Break

4:00 pm–5:00 pm

The Devil is in the Tail: Macroeconomic Tail Risk Expectations of Firms

Manuel Menkhoff, Ludwig-Maximilians-Universität (Presenter)

Ian Dew-Becker, Federal Reserve Bank of Chicago (Discussant)

Registration
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Add To Cal 05/01/2025 11:30 AM 05/02/2025 05:00 PM America/Chicago Frontier Topics in Macro-Finance May 1-2, 2025 Gleacher Center – Room 404, 450 Cityfront Plaza Dr, Chicago, IL 60611