47th Konstanz Seminar on Monetary Theory and Policy
May 10th - May 12th, 2016

The seminar will be held from May 10th to May 13th, 2016, on the Island of Reichenau at the Lake of Constance. The first session will begin on May 11th at 9:00 a.m., the conference sessions will end with dinner on May 12th. There will be an informal get-together for dinner in the evening of May 10th. May 13th is reserved for travel.


The final seminar program is now available.

Lake Constance

Accommodation and seminar presentations will be at Strandhotel Löchnerhaus, located on Reichenau Island.  (Find it here in Google maps.)

--> More information on the Konstanz seminar, its history and academic and policy accomplishments are available here.


Presenter Title pdf-Files
Alexander Monge-Naranjo
(Federal Reserve Bank of St. Louis)
Natural Resources and Global Misallocation
with Juan M. Sánchez and Raul Santaeulalia-Llopis
Discussant: Berthold Herrendorf (WP Carey School of Business, ASU)
Brent Bundick
(Federal Reserve Bank of Kansas City)
The Dynamic Effects of Forward Guidance Shocks
with A. Lee Smith
Discussant: Benjamin Born (University of Bonn)
Mirko Wiederholt
(Goethe University Frankfurt)
Empirical Properties of Inflation Expectations and the Zero Lower Bound
Discussant: Pablo Guerrón (Federal Reserve Bank of Philadelphia)
Alisdair McKay
(Boston University)
Optimal Automatic Stabilizers
with Ricardo Reis
Discussant: Ralph Luetticke (University of Bonn)
Raphael Schoenle
(Brandeis University)
Production Networks and the Propagation of Monetary Policy Shocks
with Ernesto Pasten and Michael Weber
Discussant: Zeno Enders (Heidelberg University)
Vincent Sterk
(UCL)

The Dark Corners of the Labor Market
Discussant: Keith Kuester (University of Bonn)
Moritz Schularick
(U Bonn)
Macrofinancial History and the New Business Cycle Facts
with Ňscar Jordŕ and Alan Taylor
David Martinez-Miera
(Universidad Carlos III, Madrid)
Search for Yield
with Raphael Repullo
Discussant: Stefan Niemann (University of Essex)
Policy Session Speaker:
Loretta Mester
(President and CEO, Federal Reserve Bank of Cleveland)