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48th Konstanz Seminar on Monetary Theory and Policy
May 30th - June 1st, 2017

The seminar will be held from May 30th to June 2nd, 2017, on the Island of Reichenau at the Lake of Constance. The first session will begin on May 31st at 8:30 a.m., the conference sessions will end with dinner on June 1st. There will be an informal get-together for dinner in the evening of May 30th. June 2nd is reserved for travel.

The 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
Edouard Challe
(Ecole Polytechnique)
Uninsured unemployment risk and optimal monetary policy
Discussant: Monika Merz (University of Vienna)
Kurt Mitman
Monetary Policy, Heterogeneity and the Housing Channel
with Fatih Karahan, Serdar Ozkan, an Aron Hedlund

Discussant: Vincent Sterk (University College London)
Aubhik Khan, Julia Thomas
(Ohio State)
Default Risk and Aggregate Fluctuations in an Economy with Production Heterogeneity
with Tatsuro Senga

Discussant: Petr Sedláček (University of Bonn)
Adrian Auclert
Inequality and Aggregate Demand
with Matt Rognlie

Discussant: Kathrin Schlafmann (IIES)
Ariel Zetlin-Jones
The Maturity Structure of Inside Money
with Burton Hollifield

Discussant: Fabrizio Mattesini (University of Rome "Tor Vergata")
Todd B. Walker
(Indiana Bloomington)
Approximate Aggregation in Dynamic Economies
with Karsten O. Chipeniuk and Nets Hawk Katz

Discussant: Michael Evers (Goethe University Frankfurt)
Fabio Ghironi
(University of Washington)

Market Reforms at the Zero Lower Bound
with Matteo Cacciatore, Romain Duval, and Giuseppe Fiori
Discussant: Gernot Mueller (University of Tuebingen)
Evi Pappa
Fiscal Consolidations in a Low Inflation Environment: Pay cuts versus Lost Jobs
with Guilherme Bandeira, Rana Sajedi, and Eugenia Vella
Discussant: Pablo Guerrón-Quintana (Boston College)
Michael Kumhof
(Bank of England)
The Macroeconomics of Central Bank Issued Digital Currencies
with John Barrdear

Discussant: Paul Pichler (University of Vienna and OENB)
Policy Session Speaker:
Jens Weidmann
(President, Deutsche Bundesbank)