The IMF’s Advances in Monetary Economics (AME) Conference takes place annually in conjunction with the Camdessus Central Banking Lecture. It brings together economists from the academic and policy spheres to present and discuss cutting-edge work on topics relevant for the conduct of monetary policy. You can find the programs and papers from previous AME conferences on this page.
Agenda
Agenda: 2025 Advances in Monetary Economics Conference
Papers and Presentations
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Paper: The Optimal Monetary Policy Response to Tariffs Presentation by Javier Bianchi Discussion by Lawrence J. Christiano (Northwestern University) |
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Paper: Trade Costs and Inflation Dynamics Presentation by Albert Queralto Olive Discussion by Doireann Fitzgerald (Federal Reserve Bank of Minneapolis) |
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Paper: The Effect of Inflation Uncertainty on Household Expectations and Spending |
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Paper: Optimal Monetary Policy with Uncertain Private Sector Foresight |
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Paper: The Inflation Accelerator |
Agenda
Agenda: 2024 Advances in Monetary Economics Conference
Papers and Presentations
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Paper: Macroeconomic and Fiscal Consequences of Quantitative Easing |
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Paper: Who Bears the Costs of Inflation? Euro Area Households and the 2021-2022 Shock Presentation by Oreste Tristani Discussion by Argia Sbordone (Federal Reserve Bank of New York) |
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Paper: Households’ Response to the Wealth Effects of Inflation |
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Paper: Monetary Policy Transmission in Emerging Markets: Proverbial Concerns, Novel Evidence |
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Paper: Net Interest Margins and the Monetary Transmission Mechanism Presentation by Martin Eichenbaum Discussion by Stefania D’Amico (Federal Reserve Bank of Chicago) |
Agenda
Agenda: 2023 Advances in Monetary Economics Conference
Papers and Presentations
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Beyond Volcker: Developing Country Disinflations and the Fed’s Two-Percent Inflation Target Anusha Chari (University of North Carolina at Chapel Hill and NBER) and Peter Blair Henry (Hoover Institution and Freeman Spogli Institute, Stanford University) |
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The International Spillovers of Synchronous Monetary Tightening Dario Caldara (Federal Reserve Board), Francesco Ferrante (Federal Reserve Board), Matteo Iacoviello (Federal Reserve Board), Andrea Prestipino (Federal Reserve Board), and Albert Queralto (Federal Reserve Board) Presentation by Matteo Iacoviello Discussed by Marco del Negro (Federal Reserve Bank of New York) |
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Stabilization vs. Redistribution: the Optimal Monetary-Fiscal Mix Florin O. Bilbiie (University of Lausanne and CEPR), Tommaso Monacelli (Bocconi University, IGIER and CEPR), and Roberto Perotti (Bocconi University, IGIER, NBER and CEPR) |
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Francesco Bianchi (Johns Hopkins University, CEPR, and NBER), Leonardo Melosi (Federal Reserve Bank of Chicago and CEPR), and Anna Rogantini Picco (Sveriges Riksbank, Research Division) |
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Wage-Price Spirals: What is the Historical Evidence? Jorge Alvarez, John Bluedorn, Niels-Jakob Hansen, Youyou Huang, Evgenia Pugacheva, and Alexandre Sollaci |
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Guido Lorenzoni (Northwestern University) and Iván Werning (Massachusetts Institute of Technology) |
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Guido Lorenzoni (Northwestern University) and Iván Werning (Massachusetts Institute of Technology) Discussed by Narayana Kocherlakota (University of Rochester) |
| Agenda | |
| Opening Remarks | |
| Opening Remarks at Advances in Monetary Economics Conference | |
| Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department | |
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Papers |
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Inflation Strikes Back: The Return of Wage to Price Pass-Through |
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| Mary Amiti (FFRB NY), Sebastian Heise (FRB NY), Fatih Karahan (Amazon), and Ayşegül Şahin (UT Austin, NBER) | |
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Inflation Expectactions and the Supply Chain |
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| Elías Albagli (Central Bank of Chile), Francesco Grigoli (IMF), and Emiliano Luttini (Central Bank of Chile) | |
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Understanding Post-Covid Inflation Dynamics |
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| Martín Harding (Bank of Canada), Jesper Lindé (IMF), and Mathias Trabandt (Goethe University Frankfurt) | |
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A Plucking Model of Business Cycles |
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| Stéphane Dupraz (Banque de France), Emi Nakamura (UC Berkeley), and Jón Steinsson (UC Berkeley) | |
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U.S. Monetary Policy Spillovers to Emerging Markets: Both Shocks and Vulnerabilities Matter |
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| Shaghil Ahmed (Federal Reserve Board), Ozge Akinci (Federal Reserve Bank of New York), and Albert Queralto (Federal Reserve Board) | |
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A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers |
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| Pierre-Olivier Gourinchas (IMF and UC Berkeley, NBER and CEPR) and Walker Ray (London School of Economics) | |
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Discussions |
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| Inflation Expectations and the Supply Chain by Elias Albagli, Francesco Grigoli, and Emiliano Luttini | |
| Discussed by Michael Weber | |
| A Plucking Model of Business Cycles by Stéphane Dupraz, Emi Nakamura, and Jón Steinsson | |
| Discussed by Carolin Pflueger (University of Chicago, Harris) | |
| A Preferred-Habitat Model of the Term Premia, Exchange Rates and Monetary Policies by Pierre-Olivier Gourinchas, W.Ray, and D.Vayanos | |
| Discussed by Eva Ortega (Bank of Spain) | |
| U.S. Monetary Policy Spillovers to Emerging Markets: Both Shocks and Vulnerabilities Matter by Shaghil Ahmed, Ozge Akinci, and Albert Queralto | |
| Discussed by Paolo Cavallino (BIS) |
| Agenda | |
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Papers |
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Debt, Deficits, and Inflation in a Low Interest Rate Environment |
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| Christopher A. Sims | |
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Fiscal and Monetary Policy interactions in a Low Interest Rate World |
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| Boris Hofmann (BIS), Marco Lombardi (BIS), Benoît Mojon (BIS) and Athanasios Orphanides (MIT) | |
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Discussions |
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Discussion of Fiscal and Monetary Policy Interactions in a Low Interest Rate World |
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| Boris Hofmann (BIS), Marco Lombardi (BIS), Benoît Mojon (BIS) and Athanasios Orphanides (MIT) | |
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Discussion of Optimal Fiscal and Monetary Policy with Distorting Taxes |
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| Stephanie Schmitt-Grohé (Columbia University) | |
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Discussion of 'Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks And Firms |
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| Eric T. Swanson (University of California, Irvine) | |
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Discussion of How Unconventional is Green Monetary Policy? |
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| Luis Brandao-Marques | |
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Discussion of "Fiscal and Monetary Policy Interactions in a Low Interest Rate World" |
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| Damiano Sandri | |
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Discussion of “Monetary Policy and Inequality" |
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| Adrien Auclert |
