Conference Recap
CORE Week, featuring the Intermediation and Bank Liquidity 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.
The August installment of CORE Week featured 14 visiting economists who shared research findings about issues impacting the world, all outlined below. Topical focus areas ranged from the consumer-financed fiscal stimulus and the relevance of digital currency to the efficiency and effectiveness of the banking industry. The week led up to the Intermediation and Bank Liquidity Conference, which featured some of the world’s leading economists presenting papers on a variety of topics, including central bank digital currencies, monetary policy transmission and innovation networks.
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Learn more about the research explored during the Intermediation and Bank Liquidity Conference in this Economic Brief: Intermediation and Bank Liquidity: A Conference Recap
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1 of 4 Yiming Ma presenting the paper “Monetary Policy Transmission in Segmented Markets”
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2 of 4 Active engagement during CORE week seminars is a key element for advancing economic research.
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3 of 4 Connecting between CORE week seminars
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4 of 4 Discussion among economists post seminar
Presenters and Visiting Economists
Javier Bianchi
Dean Corbae
Giovanni Gallipoli
Pablo Guerron
Hugo Hopenhayn
Rustam Jamilov
Ernest Liu
Yiming Ma
Matt Notowidigdo
Ezra Oberfield
Ricardo Reis
Bruno Sultanum
Russell Wong
Kairong Xiao
Agenda
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Monday, Aug. 1, 2022
03:00 pm
Visitor Seminar: Ezra Oberfield (Princeton University) presenting the paper “Inequality and Measured Growth”
04:00 pmCollaboration Hour
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Tuesday, Aug. 2, 2022
12:00 pm
Visitor Seminar: Matt Notowidigdo (University of Chicago and NBER) presenting the paper “Consumer-Financed Fiscal Stimulus: Evidence from Digital Coupons in China”, joint with Jing Ding, Lei Jiang and Lucy Msall
04:00 pmVisitor Seminar: Giovanni Gallipoli (University of British Columbia) presenting the paper “The Distribution of Labor Market Surplus,” joint with Davide Alonzo
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Wednesday, Aug. 3, 2022
09:00 am
Economist & Visitor Collaboration Morning
12:00 pmVisitor Seminar: Pablo Guerron (Boston College) presenting the paper “Exchange Rate Disconnect Redux,” joint with Ryan Chahrour, Vito Cormun, Pierre De Leo and Rosen Valchev
04:00 pmVisitor Seminar: Ricardo Reis (London School of Economics) presenting the paper “Did r* really fall? Estimates and implications for monetary policy”
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Thursday, Aug. 4, 2022
10:00 am
Intermediation and Bank Liquidity Conference
Registration & Refreshments
10:25 amIntroductory Remarks
10:30 amKairong Xiao (Columbia Business School) presenting the paper "Central Bank Digital Currency and Banks", joint with Toni M. Whithed and Yufeng Wu
11:15 amBreak
11:45 amRussell Wong (Federal Reserve Bank of Richmond) presenting the paper “Disintermediating the Fed Funds Market,” joint with Mengbo Zhang
12:30 pmLunch
01:45 pmJavier Bianchi (Federal Reserve Bank of Minneapolis) presenting the paper “Bank Runs, Fragility, and Credit Easing,” joint with Manuel Amador
02:30 pmBreak
03:00 pmRustam Jamilov (University of Oxford) presenting the paper “HBANK: Monetary Policy with Heterogeneous Banks,” joint with Marco Bellifemine and Tommaso Monacelli
03:45 pmBreak
04:00 pmDean Corbae (University of Wisconsin-Madison) presenting the paper “Competition, Stability, and Efficiency in the Banking Industry,” joint with Ross Levine
05:30 pmReception
06:30 pmConference Dinner
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Friday, Aug. 5, 2022
09:30 am
Registration & Refreshments
10:00 amErnest Liu (Princeton University) presenting the paper “Innovation Networks and R&D Allocation,” joint with Song Ma
10:45 amYiming Ma (Columbia Business School) presenting the paper “Monetary Policy Transmission in Segmented Markets,” joint with Jens Eisenschmidt and Anthony Lee Zhang
11:30 amBreak
11:45 amBruno Sultanum (Federal Reserve Bank of Richmond) presenting the paper “Dealer Balance-Sheet Costs and Customer Counterpart Choice,” joint with Andre C. Silva and Lucas B. Dyskant
12:30 pmClosing Remarks & Lunch
Future CORE Weeks
2022
- September 26 – September 30
- November 7 – November 10
- December 12 – December 16
Previous CORE Weeks
2021
2022
