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Past Conference

Conference
An economist presents his work to the CORE Week attendees.
Conference

Mon., May 9, 2022 - Fri., May 13, 2022

CORE Week, featuring the Marvin S. Goodfriend Conference

The Collaboration of Research Economists (CORE) model combines frontier research and an innovative delivery method to advance collaboration within the economics profession.

The CORE model consists of eight CORE Weeks per year. During each week, visiting economists from a range of disciplines will join with Richmond Fed economists for seminars, conferences, and formal and informal networking and collaboration—all with an eye toward advancing economic research.

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Economists from across the nation and Europe joined the Richmond Fed’s Research department for the fourth installment of CORE Week in May. Topics such as the dual labor market, corporate credit risk and bank reserve remuneration were explored, and presenters included Richmond Fed economists as well as economists from Duke University, UCLA, NYU, the European Central Bank and other renowned institutions.

The week culminated with the Marvin S. Goodfriend Conference, in recognition of former Richmond Fed Research Director Marvin Goodfriend.

During the conference, memories of Marvin Goodfriend were shared and visiting economists engaged attendees through seminars focused on the topics Goodfriend worked on, such as monetary policy and central banking. Visit the Honoring Marvin Goodfriend webpage to access Essays in Honor of Marvin Goodfriend: Economist and Central Banker.

Learn More

  •  Economists actively engaged in discussion during a break between seminars in the May CORE Week.

    1 of 13 Economists actively engaged in discussion during a break between seminars.

  • Economists reflecting on the conference seminars.

    2 of 13 Economists reflecting on the conference seminars.

  • Collaboration on display during the Marvin S. Goodfriend Conference.

    3 of 13 Collaboration on display during the Marvin S. Goodfriend Conference.

  • Ayşegül Şahin presenting the paper “The Dual U.S. Labor Market Uncovered.”

    4 of 13 Ayşegül Şahin presenting the paper “The Dual U.S. Labor Market Uncovered.”

  • Al Broaddus ready to give opening remarks at the Marvin S. Goodfriend Conference.

    5 of 13 Al Broaddus ready to give opening remarks at the Marvin S. Goodfriend Conference.

  • Marsha Goodfriend, Al Broaddus and Tom Barkin actively engaged during a conference seminar.

    6 of 13 Marsha Goodfriend, Al Broaddus and Tom Barkin actively engaged during a conference seminar.

  • Jane Li presenting the paper “Borrowing from a Fintech Platform.”

    7 of 13 Jane Li presenting the paper “Borrowing from a Fintech Platform.”

  • Laura Gáti presenting the paper “Monetary Policy & Anchored Expectations: an Endogenous Gain Learning Model.”

    8 of 13 Laura Gáti presenting the paper “Monetary Policy & Anchored Expectations: an Endogenous Gain Learning Model.”

  • Hassan Afrouzi presenting the paper “Selection in Information Acquisition and Monetary Non-Neutrality.”

    9 of 13 Hassan Afrouzi presenting the paper “Selection in Information Acquisition and Monetary Non-Neutrality.”

  • Robert King recollecting on the time he spent working with Marvin Goodfriend.

    10 of 13 Robert King recollecting on the time he spent working with Marvin Goodfriend.

  • Francesco Bianchi presenting the paper “Monetary and Fiscal Policies in Times of Large Debt: Unity Is Strength.”

    11 of 13 Francesco Bianchi presenting the paper “Monetary and Fiscal Policies in Times of Large Debt: Unity Is Strength.”

  • Simon Gilchrist presenting the paper “The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF.”

    12 of 13 Simon Gilchrist presenting the paper “The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF.”

  • Paul Ho presenting the paper “A Little Trade Goes a Long Way: Foreign Shocks and Domestic Inflation.”

    13 of 13 Paul Ho presenting the paper “A Little Trade Goes a Long Way: Foreign Shocks and Domestic Inflation.”

Presenters and Visiting Economists


Hassan Afrouzi	Columbia

Hassan Afrouzi

Columbia
Francesco Bianchi	Duke University & Johns Hopkins University

Francesco Bianchi

Duke University & Johns Hopkins University
Saki Bigio

Saki Bigio

UCLA
Mark Bils

Mark Bils

University of Rochester
Timo Boppart	Institute for International Economic Studies

Timo Boppart

Institute for International Economic Studies
Francisco Buera	Washington University in St. Louis

Francisco Buera

Washington University in St. Louis
Laura Gáti	European Central Bank

Laura Gáti

European Central Bank
Simon Gilchrist	New York University

Simon Gilchrist

New York University
headshot of Paul Ho

Paul Ho

Federal Reserve Bank of Richmond
headshot of Robert King

Robert G. King

Boston University
Jane (Jian) Li	Columbia Business School

Jane (Jian) Li

Columbia Business School
Chen Lian

Chen Lian

UC Berkeley
Pablo Ottonello headshot

Pablo Ottonello

University of Michigan
Fernando Parro	Penn State University

Fernando Parro

Penn State University
Ayşegül Şahin

Ayşegül Şahin

University of Texas at Austin
Kunal_Sangani headshot

Kunal Sangani

Harvard
Stephanie Schmitt- Grohé	Columbia University

Stephanie Schmitt- Grohé

Columbia University
Alp Simsek

Alp Simsek

Yale University
Venky Venkateswaran	New York University

Venky Venkateswaran

New York University
headshot of Mark Watson

Mark W. Watson

Princeton University

Agenda


Titles listed where decided.

  • Monday, May 9, 2022
    12:00 pm

    Visitor Seminar: Francisco Buera (Washington University in St. Louis) presenting the paper “Fiscal Paradoxes in a Liquidity Trap

    03:00 pm

    Visitor Seminar: Jane Li (Columbia Business School) presenting the paper "Borrowing from a Fintech Platform"

  • Tuesday, May 10, 2022
    10:00 am

    Canal Walk

    12:00 pm

    Visitor Seminar: Timo Boppart (University of St. Gallen) presenting the paper “The Macroeconomics of Intensive Agriculture

    03:00 pm

    Visitor Seminar: Ayşegül Şahin (University of Texas at Austin) presenting the paper “The Dual U.S. Labor Market Uncovered

    04:00 pm

    Collaboration Hour

  • Wednesday, May 11, 2022
    09:00 am

    Economist & Visitor Collaboration Morning

    12:00 pm

    Visitor Seminar: Venky Venkateswaran (New York University) presenting the paper “Scalable Expertise

    03:00 pm

    Visitor Seminar:  Stephanie Schmitt- Grohé (Columbia University) presenting the paper “Optimal Bank Reserve Remuneration and Capital Control Policy

  • Thursday, May 12, 2022
    10:00 am

    Marvin S. Goodfriend Conference

    Registration & Refreshments

    10:45 am

    Introductory Remarks: Alex Wolman & Al Broaddus

    11:00 am

    Recollections of Marvin Goodfriend: Bob King

    11:15 am

    Simon Gilchrist (NYU) presenting the paper “The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF

    12:00 pm

    Lunch

    01:00 pm

    Paul Ho (FRBR) presenting the paper “A Little Trade Goes a Long Way: Foreign Shocks and Domestic Inflation

    01:45 pm

    Break

    02:00 pm

    Francesco Bianchi (John Hopkins & Duke) presenting the paper “Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength”

    02:45 pm

    Break

    03:00 pm

    Kunal Sangani (Harvard) presenting the paper “The Supply-Side Effects of Monetary Policy

    03:45 pm

    Break

    04:00 pm

    Saki Bigio (UCLA) presenting the paper “A Model of Credit, Money, Interest and Prices

    05:00 pm

    Reception

    06:30 pm

    Dinner

  • Friday, May 13, 2022
    09:00 am

    Marvin S. Goodfriend Conference

    Registration & Refreshments

    09:30 am

    Introductory Remarks: Felipe Schwartzman

    09:35 am

    Laura Gati (European Central Bank) presenting the paper “Monetary Policy & Anchored Expectations: an Endogenous Gain Learning Model

    10:20 am

    Break

    10:30 am
    Hassan Afrouzi (Columbia University) presenting the paper “Selection in Information Acquisition and Monetary Non-Neutrality
    11:15 am

    Break

    11:30 am

    Alp Simsek (Yale) presenting the paper “Monetary Policy with Opinionated Markets

    12:15 pm

    Lunch

    01:15 pm

    Chen Lian (UC Berkeley) presenting the paper “Determinacy without the Taylor Principle” 

    02:00 pm

    Closing remarks & adjourn

Future CORE Weeks


2022

  • June 21 – June 24
  • August 1 – August 5
  • September 26 – September 30
  • November 7 – November 10
  • December 12 – December 16

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