The Department of Economics at the Miami Herbert Business School, University of Miami is hosting a conference on “New Challenges for Fiscal and Monetary Policy.” The event will be held in person at the University of Miami campus in Coral Gables, Florida, on February 21, 2025. The conference will consist of a day-long academic program followed by a public keynote lecture, then a reception and dinner.

We are pleased to announce that the keynote speaker will be John Cochrane (Hoover), who will be presenting the Henry Lecture on "Inflation" following the conference program.

In the aftermath of the social and economic upheaval of the pandemic, amidst fraying alliances and regional conflicts, the global economy faces a new set of challenges and uncertainties. Amidst higher inflation and interest rates, increasing public debt, and strained budgets, fiscal and monetary policymakers encounter significant constraints in addressing these challenges. This conference aims to highlight academic contributions on designing, calibrating, and coordinating monetary and fiscal policies in today’s global economy.

CONFERENCE PROGRAM (COMPLETE SCHEDULE in PDF)

On the Mechanics of Fiscal Inflations

Marco Bassetto, Luca Benzoni, Jason Hall

Presenter: Marco Bassetto, Federal Reserve Bank of Minneapolis

Discussant: Gaston Chaumont, University of Rochester

Policy Rules and Large Crises in Emerging Markets

Emilio Espino, Julian Kozlowski, Fernando M. Martin, Juan M. Sánchez

Presenter: Julian Kozlowski, Federal Reserve Bank of St. Louis

Discussant: Leslie Sheng Shen, Federal Reserve Bank of Boston

Granular Treasury Demand with Arbitrageurs

Kristy A.E. Jansen, Wenhao Li, Lukas Schmid

Presenter: Lukas Schmid, Marshall School of Business, USC

Discussant: Zehao Li, Chinese University of Hong Kong - Shenzhen

Can Growth Stabilize Debt? A Fiscal Theory Perspective

Michaela Elfsbacka-Schmöller, Nigel McClung

Presenter: Michaela Elfsbacka-Schmöller, European Central Bank

Discussant: Min Fang, University of Florida

Sticky Inflation: Monetary Policy when Debt Drags Inflation Expectations

Saki Bigio, Nicolas Caramp, Dejanir Silva

Presenter: Nicolas Caramp, University of California, Davis

Discussant: William Witheridge, University of Maryland

Endogenously (Non-)Ricardian Beliefs

William A. Branch, Emanuel Gasteiger

Presenter: William Branch, University of California, Irvine

Discussant: Hsuan-Chih Lin, National Taiwan University

Navigating by Falling Stars: Monetary Policy with Fiscally Driven Natural Rate

Rodolfo G. Campos, Jesús Fernández-Villaverde, Galo Nuño, Peter Paz

Presenter: Rodolfo Campos, Banco de España

Discussant: Fernando Cirelli, Columbia University

Robust Bounds on Optimal Tax Progressivity

Anmol Bhandari, Jaroslav Borovička, Yuki Yao

Presenter: Jaroslav Borovička, New York University

Discussant: Jonathan Hartley, Stanford University

Henry Family Lecture Series, John Cochrane, Hoover Institution, "Inflation"

Anyone interested in attending RSVP to Noah Williams (noahwilliams@miami.edu)