April 24, 2025 – April 25, 2025
Location: CBA 3.202 – Legacy Events Rm.
The Texas Monetary Conference, hosted by the Empirical Macroeconomics Policy Center of Texas (EMPCT), will be held at The University of Texas at Austin on April 24-25, 2025. This prestigious event brings together leading economists, policymakers, and researchers to discuss the latest developments in monetary policy, macroeconomic theory, and empirical research. The conference promises to be a valuable platform for advancing knowledge in the field and shaping the future of economic policy.
TEXAS MONETARY CONFERENCE | SCHEDULE
Macroeconomics, Financial Markets, International Economics
DAY ONE – April 24, 2025
12:00-1:00 pm | Lunch – Loro
1:10-1:50 pm | Alp Simsek (Yale) “Final Conditions Targeting” – Discussion by Karel Mertens
1:50-2:00 pm | Break
2:00-2:40 pm | Niklas Kroner (Federal Reserve Board of Governors) “How Markets Process Macro News: The Importance of Investor Attention” – Discussion by Michael Sockin
2:40-3:00 pm | Break
3:00-3:40 pm | Jane Ryngaert (Notre Dame) “Job Search, Wages, and Inflation” – Discussion by Yoon Joo Jo
3:40-3:50 pm | Break
3:50-4:30 pm | Yeji Sung (Federal Reserve Bank of San Francisco) “Macroeconomic Expectations and Cognitive Nose” – Discussion by Oliver Pfaeuti
4:30-4:40 | Break
4:40-5:20 | Vigiliu Midrigan (NYU) “The Inflation Accelerator” – Discussion by Shihan Shen
6:30 pm | Dinner at Sway Thai (By invitation only)
Address: 3437 Bee Caves Rd, West Lake Hills, TX 78746
DAY TWO – April 25, 2025
8:30–9:30 am | Breakfast – TacoDeli
9:30–10:10 am | Mathieu Pedemonte (IADB) “The Causal Effects of Expected Depreciations” – Discussion by Andrew Fieldhouse
10:10–10:20 am | Break
10:20-11:00 am | Alonso Villacorta (UC Santa Cruz) “(Unobserved) Heterogeneity in the bank lending channel: Accounting for bank-firm interactions and specialization” Discussion by Aaron Pancost
11:00- 11:20 am | Break
11:20–12:00 pm | Michael Waugh (Federal Reserve Bank of Minneapolis) “Heterogeneous Agent Trade” Discussion by Hyunju Lee
12:00–1:10 pm | Lunch – ABA Austin
1:10–1:50 pm | Hugo Lhuillier (University of Chicago, Columbia University) “The Local Root of Wage Inequality” – Discussion by Rocio Madera
1:50–2:00 pm | Break
2:00–2:40 pm | Olivia Bordreu (Princeton University, UC Berkeley) “Commuting Infrastructure in Fragmented Cities” – Discussion by Luis Perez
2:40-3:00 pm | Break
3:00–3:40 pm | Levi Crews (UCLA) “Agriculture, Trade, and the Spatial Efficiency of Global Water Use”
Discussion by Pedro Bento
3:40- 3:50 pm | Break
3:50–4:30 pm | Andres Rodriguez Clare (UC Berkeley) “Quantifying Carbon Emissions in the Global Economy” – Discussion by Kei-Mu Yi
5:30 pm | Dinner at Bar Toti (By invitation only)
Address: 2113 Manor Rd, Austin, TX 78722
Conference Program PDF
SPEAKERS | DAY ONE – APRIL 24, 2025
Alp Simsek is a professor of finance at the Yale School of Management.
Paper: “Financial Conditions Targeting”
Personal website
Niklas Kroner Economist in the Division of International Finance, Federal Reserve Board of Governors
Paper: “How Markets Process Macro News: The Importance of Investor Attention”
Jane Ryngaert is an assistant professor of economics at the University of Notre Dame.
Paper: “Job Search, Wages, and Inflation”
Yeji Sung is an economist at the Federal Reserve Bank of San Francisco.
Paper: “Inflation Surprises and Perception of Inflation Risks”
Virgiliu Midrigan is the William R. Berkley Term Professor of Economics and Business at New York University.
Paper: “The Inflation Accelerator”
SPEAKERS | DAY TWO – APRIL 25, 2025
Mathieu Pedemonte is an economist at the Research Department of the Inter-American Development Bank.
Paper: “The Causal Effects of Expected Depreciations”
Alonso Villacorta is an Assistant Professor in the Department of Economics at the University of California, Santa Cruz.
Paper: “(Unobserved) Heterogeneity in the bank lending channel: Accounting for bank-firm interactions and specialization”
Personal website
Michael Waugh is an Economist and Monetary Advisor at the Federal Reserve Bank of Minneapolis and a research associate at the National Bureau of Economic Research.
Paper: “Heterogeneous Agent Trade”
Hugo Lhuillier is a Saieh Family Postdoctoral Fellow at the Becker Friedman Institute for Economics at the University of Chicago and an Assistant Professor at Columbia University.
Paper: “The Local Root of Wage Inequality”
Olivia Bordeu is an IES Postdoctoral Fellow at Princeton University and will join the Haas School of Business at UC Berkeley as an Assistant Professor in 2025.
Paper: “Commuting Infrastructure in Fragmented Cities”
Levi Crews is an Assistant Professor of Economics at UCLA.
Paper: “Agriculture, Trade, and the Spatial Efficiency of Global Water Use”
Andres Rodriguez-Clare is a professor of economics at the University of California, Berkeley, director of the Trade Research Programme at the International Growth Centre, and a research associate of the National Bureau of Economic Research.
Paper: “Quantifying Carbon Emissions in the Global Economy”
