Seminar Series

The Research Division of the Federal Reserve Bank of St. Louis is sponsoring a Seminar Series on a wide variety of economic topics. Economists from across the country and around the world are invited to participate.

Unless otherwise noted, seminars will be held in the "Ted Balbach Conference Room" (formerly Research Conference Room), Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, at the corner of Broadway and Locust Street, St. Louis, MO. Seminars held at the Federal Reserve Bank of St. Louis are open to the public. If you wish to attend, you must call Sandra Butler at (314) 444-8591 or LaTanya Johnson at (314) 444-8587, at least 24 hours in advance. All attendees are required to go though a security screening and will be asked to show a picture ID.

Questions or suggestions should be directed to Maria Canon ( or YiLi Chien (

2014 Seminar Series

Fri, Jan 24 12:00pm
Speaker: Roberto Piazza, Bank of Italy
Host: David Andolfatto
"Liquidity Traps and Self-defeating Policies"

Tue, Feb 04 12:00pm
Speaker: William Dupor, Federal Reserve Bank of St. Louis
"The 2009 Recovery Act and the Expected Inflation Channel of Government Spending"

Wed, Feb 05 12:00pm
Speaker: Leo Kaas, University of Konstanz
Host: Yi Wen
"Self-Fulfilling Credit Cycles"

Wed, Feb 12 12:00pm
Speaker: Kaiji Chen, Emory University
Host: Yi Wen
"The Great Housing Bubble of China"

Fri, Feb 28 2:00pm *
Speaker: Jesse Gregory, University of Wisconsin-Madison
Host: George Levi-Gayle
"Structural Estimation of an Equilibrium Model with Externalities: Program Evaluation of Post-Katrina Rebuilding Grants"

Tue, Mar 04 12:00pm
Speaker: Antonia Diaz, Universidad Carlos III de Madrid
Host: Carlos Garriga
"A Theory of Vintage Capital Investment and Energy Use"

Thu, Mar 06 12:00pm
Speaker: Juan Rubio-Ramirez, Duke University
Host: Carlos Garriga
"Inference Based on SVARs Identified with Sign and Zero Restrictions: Theory and Applications"

Fri, Mar 07 2:00pm *
Speaker: John Abowd, Cornell University
"Endogenous Mobility"

Mon, Mar 10 12:00pm
Speaker: Sophie Osotimehin, University of Virginia
Host: Christian Zimmermann
"Aggregate Productivity and the Allocation of Resources over the Business Cycle"

Tue, Mar 18 12:00pm
Speaker: Amanda Michaud, Indiana University
Host: David Wiczer
"An Information Theory of Worker Flows and Wage Dispersion"

Fri, Mar 21 2:00pm *
Speaker: Matthew Wiswall, Arizona State University
"Determinants of College Major Choice: Identification using an Information Experiment"

Fri, Mar 28 12:00pm
Speaker: Ethan Ligon, University of California-Berkeley
"Estimating Marginal Utilities Without Aggregation"

Tue, Apr 01 12:00pm
Speaker: Alexander Ludwig, University of Cologne
Host: Alexander Monge-Naranjo
"Social Security and the Interactions Between Aggregate and Idiosyncratic Risk"

Fri, Apr 04 12:00pm
Speaker: Florian Hoffmann, University of British Columbia
Host: Maria Canon and David Wiczer
"Sectoral Shift, Job Mobility and Wage Inequality"

Mon, Apr 07 12:00pm
Speaker: Michael McCracken, Federal Reserve Bank of St. Louis
"Evaluating Conditional Forecasts from Vector Autoregressions"

Fri, Apr 11 2:00pm *
Speaker: Douglas Steigerwald, University of California-Santa Barbara
"Testing for Markov-Regime Switching"

Mon, Apr 14 12:00pm
Speaker: Ernesto Pasten, Central Bank of Chile
Host: Alexander Monge-Naranjo
"Rational Inattention, Multi-Product Firms and the Neutrality of Money"

Tue, Apr 15 12:00pm
Speaker: Christoph Bertsch, Riksbank
Host: Paulina Restrepo
"A Wake-up Call: Information Contagion and Strategic Uncertainty"

Wed, Apr 16 4:00pm **
Speaker: Chang-Tai Hsieh, University of Chicago
Host: Yongs Shin and YiLi Chien
"Crony Capitalism with Chinese Characteristics"

Thu, Apr 17 2:00pm *
Speaker: Christopher Flinn, New York University
"Labor Market Search and Schooling Investment"

Tue, Apr 22 12:00pm
Speaker: Alisdair McKay, Boston University
Host: Juan Sanchez
"Idiosyncratic Risk and the Business Cycle: A Likelihood Perspective"

Wed, Apr 23 4:00pm
Speaker: Ezra Oberfield, Princeton University
Host: Yongs Shin and YiLi Chien

Fri, Apr 25 12:00pm
Speaker: Christopher Waller, Federal Reserve Bank of St. Louis
"Breaking the Curse of Kareken and Wallace"

Mon, Apr 28 12:00pm
Speaker: Kris Boudt, Vrije Universiteit Brussel; VU University Amsterdam; Finvex Group and KU Leuven
Host: Christopher Neely
"The Peer Performance of Hedge Funds"

Wed, Apr 30 4:00pm
Speaker: David Atkin, Yale University
Host: YiLi Chien
"Who’s Getting Globalized? The Size and Implications of Intranational Trade Costs"

Mon, May 05 12:00pm
Speaker: Allen Head, Queen's University
Host: Carlos Garriga
"Neighborhoods, House Prices and Homeownership"

Wed, May 07 12:00pm
Speaker: Lukasz Drozd, Wharton, University of Pennsylvania
Host: Alexander Monge-Naranjo
"Modeling the Revolving Revolution: The Role of IT Reconsidered"

Fri, May 09 12:00pm
Speaker: Uta Schonberg, University College-London
Host: Maria Canon and David Wiczer
"The Impact of Immigration on Local Labor Markets: Evidence from the Opening of the German-Czech Border"

Wed, May 14 12:00pm
Speaker: YiLi Chien, Federal Reserve Bank of St. Louis
"Home Bias and Exchange Rate Volatility"

Fri, May 16 12:00pm
Speaker: Melanie Morten, Stanford University
"Migration, Roads and Labor Market Integration: Evidence from a Planned Capital City"

Tue, May 20 12:00pm
Speaker: Jose Vicente Rodriguez Mora, University of Edinburgh
Host: Carlos Garriga
"Regions are not Countries: A New Approach to the Border Effect"

Wed, May 21 12:00pm
Speaker: Kevin Thom, New York University
Host: Maria Canon
"Smoking Behavior, Genes, and Health"

Thu, May 22 12:00pm
Speaker: Matias Tapia, Pontificia Universidad Catolica de Chile
Host: Juan Sanchez
"The Allocation of Control and Firm Value"

Tue, May 27 12:00pm
Speaker: Berthold Herrendorf, Arizona State University
Host: Carlos Garrga
"On the Allocation of Time"

Thu, May 29 12:00pm
Speaker: Raoul Minetti, Michigan State University
Host: Silvio Contessi
"Financial Markets, Industry Dynamics, and Growth"

Fri, May 30 12:00pm
Speaker: Juan Sanchez, Federal Reserve Bank of St. Louis
"Sovereign Default and the Choice of Maturity"

Mon, Jun 02 12:00pm
Speaker: William Gavin, Federal Reserve Bank of St. Louis
"The Stimulative Effect of Forward Guidance"

Tue, Jun 03 12:00pm
Speaker: M. Saif Mehkari, University of Richmond
Host: William Dupor
"Uncertainty Shocks in a Model with a Mean-Variance Frontier and Endogenous Technology Choices"

Thu, Jun 19 12:00pm
Speaker: Steve Williamson, Federal Reserve Bank of St. Louis
"Central Bank Purchases of Private Assets"

Wed, Jul 02 12:00pm
Speaker: Nicolas Roys, The University of Wisconsin-Madison
Host: Juan Sanchez

Thu, Jul 10 12:00pm
Speaker: Gaston Navarro, New York University
Host: YiLi Chien

Wed, Jul 16 12:00pm
Speaker: Molin Zhong, University of Pennsylvania
Host: YiLi Chien
"Variable Macroeconomic Risks"

Wed, Jul 23 12:00pm
Speaker: Ruben Gaetani, Northwestern University
Host: YiLi Chien
"The Economic Effects of Scientific Shocks"

Mon, Aug 11 12:00pm
Speaker: Laura Desplans, University of Rochester
Host: YiLi Chien
"Regulations on Timing of Sovereign Credit Ratings"

Fri, Aug 15 12:00pm
Speaker: Alejandro Badel, Federal Reserve Bank of St. Louis

Fri, Aug 22 12:00pm
Speaker: Sylvia Xiao, University of Technology Sydney
Host: Carlos Garriga
"Liquidity, Monetary Policy and Unemployment"

Wed, Sep 03 4:00pm *
Speaker: Amit Khandelwal, Columbia University GSB
Host: YiLI Chien Yongs Shin
"The Impact of Exporting: Evidence from a Randomized Trial"

Fri, Sep 05 2:00pm *
Speaker: Basit Zafar, Federal Reserve Bank of New York
"University Choice: The Role of Expected Earnings, Non-pecuniary Outcomes, and Financial Constraints"

Tue, Sep 09 12:00pm
Speaker: Bruno Sultanum, Pennsylvania State University
Host: David Andolfatto

Wed, Sep 10 12:00pm
Speaker: Axelle Ferriere, New York University
Host: Carlos Garriga

Fri, Sep 12 12:00pm ***
Speaker: Lisa Kahn, Yale University
Host: Maria Canon and David Wiczer
"Employment Cyclicality and Firm Quality"

Wed, Sep 17 4:00pm **
Speaker: Gregory Clark, Economics Department at UC Davis
Host: YiLi Chien and Yongs Shin
"What is the True Rate of Social Mobility? Surnames and Social Mobility Over Many Generations"

Fri, Sep 19 2:00pm *
Speaker: Eric Gould, Department of Economics, Hebrew University
"Explaining the Unexplained: Residual Wage Inequality, Manufacturing Decline, and Low-Skilled Immigration"

Mon, Sep 22 12:00pm
Speaker: Subhayu Bandyopadhyay, Federal Reserve Bank of St. Louis

Wed, Sep 24 4:00pm *
Speaker: Stanley Zin, NYU Stern
Host: YiLi Chien and Yongs Shin
"Monetary Policy and the Uncovered Interest Rate Parity Puzzle"

Fri, Sep 26 12:00pm ***
Speaker: Christopher Walters, University of California-Berkeley
Host: Maria Canon
"The Demand for Effective Charter Schools"

Mon, Sep 29 12:00pm
Speaker: Michael Owyang, Federal Reserve Bank of St. Louis
"The Countercyclical Effects of Nonlinear Monetary Policy Shocks"

Tue, Sep 30 12:00pm
Speaker: Fernando Martin, Federal Reserve Bank of St. Louis
"The Value of Discretion in Government Policy"

Wed, Oct 01 4:00pm **
Speaker: Tony Smith, Department of Economics, Yale University
Host: YiLi Chien and Yongs Shin
"SimGlobe: A Global Economy-Climate Model with High Regional Resolution"

Fri, Oct 03 2:00pm *
Speaker: Raj Chetty, Harvard University
"Where is the Land of Opportunity? The Geography of Intergenerational Mobility in the United States"

Mon, Oct 06 12:00pm
Speaker: Federico Gavazzoni, INSEAD
Host: Ana M. Santacreu
"Nominal Frictions, Monetary Policy, and Long-Run Risk"

Tue, Oct 14 12:00pm
Speaker: William Dupor, Federal Reserve Bank of St. Louis
"Fiscal Policy Spillovers: Points of Employment to Places of Residence"

Thu, Oct 16 12:00pm ***
Speaker: Hector Chade, Arizona State University
Host: Paulina Restrepo-Echavarria
"Stochastic Sorting"

Fri, Oct 17 12:00pm ***
Speaker: Claudia Olivetti, Boston University
Host: Maria Canon
"Intergenerational Mobility in the United States, 1850-1940: The Role of Maternal and Paternal Grandparents"

Mon, Oct 20 12:00pm
Speaker: Christopher Neely, Federal Reserve Bank of St. Louis
"Can Risk Explain the Profitability of Technical Trading in Currency Markets?"

Fri, Oct 24 12:00pm
Speaker: Nirav Mehta, University of Western Ontario
Host: David Wiczer`
"Ability Tracking, School and Parental Effort, and Student Achievement: A Structural Model and Estimation"

Tue, Oct 28 12:00pm
Speaker: Fernando Leibovici, York University
Host: Ana Santacreu
"Financial Development and International Trade"

Wed, Oct 29 4:00pm *
Speaker: Esteban Rossi-Hasberg, Department of Economics, Princeton University
Host: YiLi Chien and Yongs Shin
"The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy"

Fri, Oct 31 12:00pm ***
Speaker: Mark Rosenzweig, Yale University
"Risk, Insurance and Wages in General Equilibrium"

Mon, Nov 03 12:00pm
Speaker: David Andolfatto, Federal Reserve Bank of St. Louis
"Collateral Scarcity, Inflation, and the Policy Trap: A Newmonetarist Perspective"

Wed, Nov 05 12:00pm **
Speaker: Benjamin Pugsley, Federal Reserve Bank of New York
Host: YiLi Chien and Yongs Shin
"Grown-up Business Cycles"

Thu, Nov 06 12:00pm
Speaker: Marketa Halova Wolfe, Washington State University
Host: Riccardo DiCecio
"Price Drifts Before U.S. Macroeconomic News"

Fri, Nov 07 2:00pm *
Speaker: Jean-Marc Robin, University College of London
"Married Men Should Work Less: A Microeconomic Analysis of Marriage, Intra-Household Bargaining and Labor Supply Using the British Household Panel Survey, 1991-2008"

Wed, Nov 12 4:00pm *
Speaker: Manuel Amador, Federal Reserve Bank of Minneapolis
Host: YiLi Chien and Yongs Shin
"Take the Short Route: How to Repay and Restructure Sovereign Debt with Multiple Maturities"

Thu, Nov 13 12:00pm
Speaker: Diego Vilan, University of Southern California
Host: Guillaume Vandenbroucke

Fri, Nov 14 12:00pm ***
Speaker: Rebecca Thornton, University of Michigan
Host: Maria Canon and Raul Santaeulalia-Llopis
"Responding to Risk: Circumcision, Information, and HIV Prevention"

Mon, Nov 17 12:00pm
Speaker: David Wiczer, Federal Reserve Bank of St. Louis

Thu, Nov 20 12:00pm
Speaker: Ricardo Serrano-Padial, University of Wisconsin-Madison
Host: Juan Sanchez

Mon, Nov 24 12:00pm
Speaker: Lorenzo Caliendo, Yale University
Host: Max Dvorkin

Tue, Nov 25 12:00pm
Speaker: Yi Wen, Federal Reserve Bank of St. Louis

Mon, Dec 01 12:00pm
Speaker: Alexander Monge-Naranjo, Federal Reserve Bank of St. Louis

Tue, Dec 02 12:00pm
Speaker: Ruben Hernandez, Federal Reserve Bank of St. Louis

Wed, Dec 03 4:00pm **
Speaker: Anastasios Karantounias, Federal Reserve Bank of Atlanta
Host: YiLi Chien and Yongs Shin
"Optimal Fiscal Policy With Recursive Preferences"

Thu, Dec 04 12:00pm
Speaker: Nan Li, International Monetary Fund
Host: Alexander Monge-Naranjo

Fri, Dec 05 12:00pm
Speaker: Klaus Desmet, Southern methodist University
Host: Carlos Garriga

Fri, Dec 05 2:00pm *
Speaker: Jonathan James, California Polytechnic State University

Tue, Dec 09 12:00pm
Speaker: Stéphane Verani, Federal Reserve Board
Host: Carlos Garriga

Wed, Dec 10 12:00pm
Speaker: Maria Canon, Federal Reserve Bank of St. Louis

Mon, Dec 15 12:00pm
Speaker: Evangelia Chalioti, Yale University
Host: B. Ravikumar
"Team Production, Endogenous Learning About Abilities and Career Concerns"

Tue, Dec 16 12:00pm
Speaker: Russell Cooper, Penn State
Host: B. Ravikumar

Thu, Dec 18 12:00pm
Speaker: Alejandro Badel, Federal Reserve Bank of St. Louis
"Locating the Top of the Laffer Curve"

*Joint with the Department of Economics, Washington University in St. Louis. These seminars will take place at Washington University in St. Louis. Please visit for further information.

**Joint with the Department of Economics, Washington University in St. Louis. These seminars will take place at the Federal Reserve Bank of St. Louis

***Labor Workshop Seminar, joint with the Department of Economics, Washington University in St. Louis. These seminars will take place at the Federal Reserve Bank of St. Louis.

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