For additional information or to request an invitation, please contact research@nationalbanken.dk.

2023

13 June 2023: Tarun Ramadorai (Imperial College London): "TBA"

6 June 2023: Pablo Guerron-Quintana (Boston College): "Exchange Rate Disconnect Redux (exchange rates are not disconnected after all): Macro and Financial data through the lens of a nonlinear dynamic factor model"

30 May 2023: Paolo Sodini (Stockholm School of Economics): "TBA"

26 May 2023: John Campbell (Harvard University): "Mortgage Choice and Monetary Policy"

16 May 2023: Ambrogio Cesa-Bianchi (Bank of England): "The transmission of Keynesian supply shocks"

9 May 2023: Andrew Goodman-Bacon (Federal Reserve Bank of Minneapolis): "Difference-in-Differences with a Continuous Treatment"

2 May 2023: Karin Kinnerud (BI Norwegian Business School): "Down-payment requirements: Implications for portfolio choice and consumption"

18 April 2023: Basile Grassi (Bocconi University): "The Hitchhiker's Guide to Markup Estimation"

11 April 2023: Andreas Fagereng (BI Norwegian Business School): "Assortative Mating and Wealth Inequality"

21 March 2023: Ralph Luetticke (UCL): "Foreign Portfolios and Domestic Business Cycles with Heterogeneous Agents"

14 March 2023: Roine Vestman (Stockholm University): "The Housing Wealth Effect: Quasi-Experimental Evidence"

2022

22 November 2022: Erik Öberg (Uppsala University): "The Unemployment-Risk Channel in Business-Cycle Fluctuations"

15 November 2022: Carlos Carrillo-Tudela (University of Essex): "Matching Through Search Channels"

8 November 2022: Nicola Limodio (Bocconi University): "The Financial Transmission of a Climatic Shock: El Nino and US Banks"

4 October 2022: Laura Pilossoph (Duke University): "Job Search, Wages, and Inflation"

22 September 2022: Sebastian Doerr (BIS): "Income Inequality and Job Creation"

13 September 2022: John Vincent Kramer (University of Copenhagen): "The Cyclicality of Earnings Growth along the Distribution - Causes and Consequences"

14 June 2022: Niklas Engbom (New York University): "Labor Market Fluidity and Human Capital Accumulation"

7 June 2022: Vasso Ioannidou (Bayes Business School, formerly Cass): "Corporate Pension Risk-Taking in a Low Interest Rate Environment"

1 June 2022: Simon Gilchrist (New York University): "The Fed takes on corporate credit risk: an analysis of the efficacy of the SMCCF"

31 May 2022: Marcin Kacperczyk (Imperial College London): "Carbon Emissions and the Bank-Lending Channel"

30 May 2022: Jeppe Druedahl (University of Copenhagen): "The Unemployment-Risk Channel in Business-Cycle Fluctuations"

18 May 2022: Martin Møller Andreasen (Aarhus University): "Financial Asset Pricing Bubbles, Sentiment Shocks and the Real Effects"

17 May 2022: Guido Ascari (De Nederlandsche Bank and University of Pavia): "The LONG Run Phillips Curve is ... a Curve"

10 May 2022: Antonella Trigari (Bocconi University): "Assessing the (De)Stabilizing Effects of Unemployment Benefit Extensions"

3 May 2022: David Seim (Stockholm University): "Mandatory Advance Notice of Layoff: Evidence and Efficiency Considerations"

25 April 2022: Alexander Raabe (European Stability Mechanism): "Non-US global banks and dollar (co-)dependence: how housing markets became internationally synchronized"

22 March 2022: Gisle Natvik (BI Norwegian Business School): "Household Responses to Export Prices - Evidence from an Oil-Exporting Country"

1 February 2022: Alejandro Van der Ghote (European Central Bank)

17 January 2022: Frederik Bjørn Christensen (Copenhagen Business School; Danmarks Nationalbank): "Inequality in Longevity and Redistribution in Public Pension Schemes: Evidence from Denmark"

2021

25 November 2021: Stefano Pica (Boston University): "Heterogeneous Effects of Monetary Policy Across the Euro Area"

16 November 2021: Dominik Thaler (Banco de España): "Optimal monetary policy with heterogeneous firms"

9 November 2021: Diana Bomfin (Banco de Portugal): "Why so negative? The effect of monetary policy on bank credit supply across the Euro area"

2 November 2021: Vincent Sterk (University College London): "Startup Types, Structural Policy and Macroeconomic Performance in Europe"

26 October 2021: Pontus Rendahl (Copenhagen Business School): "Discrete vs. Continuous Time: Numerical Gains from Trade"

12 October 2021: Søren Hove Ravn (University of Copenhagen): "House Prices, Increasing Inflation, and the Effects of Government Spending Shocks" 

28 September 2021: Evi Pappa (Universidad Carlos III de Madrid): "What are the likely macroeconomic effects of the EU Recovery Plan?"

21 September 2021: Almut Balleer (RWTH Aachen): "Financial Constraints and Wages: Mechanisms and Macroeconomic Implications"

14 September 2021: Daniel Greenwald (MIT Sloan School of Management): "Do Credit Markets Move House Prices?"

31 August 2021: David Marqués-Ibáñez (European Central Bank): "The Burden of Bank Supervision"

24 August 2021: Steven Ongena (University of Zurich): "Too-Big-To-Strand: Bond to Bank Substitution in the Transition to a Low-carbon Economy"

22 June 2021: Andreas Fuster (Swiss National Bank, CEPR): "Tiers of joy? Reserve tiering and bank behavior in a negative-rate environment"

15 June 2021: Edward Glaeser (Harvard University): "Not-in-my-backyard-ism (NIMBY-ism)"

31 May 2021: Amalie Jensen (Danish Ministry of Finance): "Do People Respond to the Mortgage Interest Deduction? Quasi-experimental Evidence from Denmark"

27 May 2021: Niels-Jakob Harbo Hansen (IMF): "Recessions and Recoveries in Labor Markets: Patterns, Policies, and Responses to the COVID-19 Shock"

25 May 2021: Raphael Schoenle (Brandeis University): "The Expectations Channel of Climate Change: Implications for Monetary Policy"

12 May 2021: Lars Svensson (Stockholm School of Economics): "Swedish amortization requirements: Introduced for the wrong reasons, no demonstrable social benefits, and substantial individual and social costs"

4 May 2021: Berardino Palazzo (Federal Reserve Board): "Young Firms and Monetary Policy Transmission"

27 April 2021: Francesco Ferrante (Federal Reserve Board): "Financial Frictions and the Re-distributive Effects of Exchange Rate Fluctuations"

6 April 2021: Arpad Abraham (European University Institute): "On The Optimal Design of A Financial Stability Fund"

23 March 2021: Kilian Huber (Booth School of Business, University of Chicago): "Demand Networks: Theory and Measurement in Denmark"

16 March 2021: Anatoli Segura (Banca d'Italia): "Firm-Bank Linkages and Optimal Policies in a Lockdown"

9 March 2021: James H. Stock (Harvard University): "The Macroeconomic Impact of Europe's Carbon Taxes"

2 March 2021: Josef Sigurdsson (Norwegian School of Business): "Labor Supply Responses and Adjustment Frictions: A Tax-Free Year in Iceland"

2020

1 December 2020: Isabel Mejean (Ecole Polytechnique): "Relationship stickiness, international trade and economic uncertainty"

8 December 2020: Ludo Visschers (University of Edinburgh): "Revisiting the Hypothesis of High Discounts and High Unemployment"

17 November 2020: Paolo Surico (London Business School): "Capital, Income Inequality, and Consumption"

3 November 2020: Mathias Trabandt (Freie Universität Berlin): "How do People Respond to Small Probability Events with Large, Negative Consequences?"

6 October 2020: Eric Swanson (University of California, Irvine): "The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates"

29 September 2020: Patrick Moran (University of Copenhagen): "Breaking the Commitment Device: The Effect of Home Equity Withdrawal on Consumption, Saving, and Welfare"

8 September 2020: Bart Hobijn (Arizona State University): "World Productivity: 1996 - 2014"

13 January 2020: Jean-Charles Rochet (University of Zurich): "Financial Intermediation, Capital Accumulation and Crisis Recovery"

2019

17 December 2019: Pascal Paul (Federal Reserve Bank of San Francisco): "The Transmission of Monetary Policy under the Microscope"

3 December 2019: Kerstin Holzheu (IFS): "Separations on the Job Ladder"

14 November 2019: Glenn Magerman (Université libre de Bruxelles): "Price Updating in Production Networks"

5 November 2019: Philippe Bracke (London School of Economics and Political Science): "When Teaser Rates End: The Cost of Taking Action in the Mortgage Market"

6 November 2019: Ralf Meisenzahl (Federal Reserve Bank of Chicago): "Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s"

29 October 2019: Johannes Wohlfart (University of Copenhagen): "Subjective Models of the Macroeconomy: Evidence from Experts and a Representative Sample"

22 October 2019: Wei Cui (University College London): "Quantitative Easing"

1 October 2019: Boragan Aruoba (University of Maryland): "Housing Wealth, Credit Constraints and Consumption"

10 September 2019: Nicolas Crouzet (Northwestern University): "Rents and Intangibles: a Q+ Framework"

4 September 2019: Michael Siemer (Federal Reserve Board of Governors): "The Real Effects of Credit Booms and Busts"

3 September 2019: Sebastian Heise (Federal Reserve Bank of New York): "Firm-to-Firm Relationships and the Pass-Through of Shocks: Theory and Evidence"

15 August 2019: Margarita Rubio (University of Nottingham)

18 June 2019: Juan Rubio-Ramirez (Emory University): "Twin Defaults and Bank Risk Taking"

12 June 2019: Saskia Ter Ellen (Norges Bank): "ECB spillovers and domestic monetary policy effectiveness in small open economies"

3 June 2019: Taneli Mäkinen (Banca d'Italia): "Evaluating Central Bank Purchases of Corporate Bonds"

14 May 2019: Andrea Caggese (Pompeu Fabra University): "Cyclical Fluctuations, Financial Shocks, and the Entry of Fast Growing Entrepreneurial Startups"

13 May 2019: Jorge E.  Galán Camacho (Bank of Spain): "Lending Standards and Risk in the Spanish Mortgage Market"

7 May 2019: Kjetil Storesletten (University of Oslo): "Business Cycle during Structural Change: Arthur Lewis' Theory from a Neoclassical Perspective"

6 May 2019 : Adam Sheridan (University of Copenhagen): "How Do Households Respond to Unemployment Shocks? Lessons from Multiple High-Frequency Data Sets "

8 April 2019: Joseph Vavra (The University of Chicago Booth School of Business): "Mortgage Prepayment and Path-Dependent Effects of Monetary Policy", at University of Copenhagen - Department of Economics

19 March 2019: Olivier Coibion (The University of Texas at Austin): "Inflation Expectations and Firm Decisions: New Causal Evidence"

6 March 2019: Leif Anders (Norges Bank): "News-driven inflation expectations and information rigidities" 

1 March 2019: Andreas Mueller (The University of Texas at Austin): "Job Search Behavior Among the Employed and Non-Employed"

8 February 2019: Paolo Pesenti (Federal Reserve Bank of New York): "Bright spots, dark clouds, and fuzzy stars: Notes on the US economic outlook and policy"

2018

7 December 2018: Niels Johannesen (University of Copenhagen): "The Distortive Effects of Too-Big-To-Fail: Evidence from the Danish Market for Retail Deposits"

27 November 2018: Lena Jaroszek (Copenhagen Business School): "Wall Street Crosses Memory Lane: How Witnessed Returns Affect Professionals' Expected Returns"

23 November 2018: Gianluca Benigno (The London School of Economics and Political Science and Federal Reserve Bank of New York): "Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime Switching Approach"

13  November 2018: Benjamin Born (Frankfurt School of Finance & Management): "Uncertainty shocks in currency unions"

6 November 2018: Alex Clymo (University of Essex): "Firm Dynamics at the Zero Lower Bound"

30 October 2018: Gabor Pinter (Bank of England): "Home Values and Firm Behaviour"

23 October 2018: Tom Schmitz (Bocconi University): "The IT Revolution and Southern Europe’s Two Lost Decades"

9 October 2018: Daniel Streitz (Copenhagen Business School): "A Capital Structure Channel of Monetary Policy"

5 October 2018: Pierpaolo Benigno (LUISS University): "Private Money Creation, Liquidity Crises, and Equilibrium Liquidity". Hosted at University of Copenhagen

2 October 2018: Mariassunta Giannetti (Stockholm School of Economics): "Shock Propagation and Banking Structure"

25 September 2018: Etienne Gagnon (Federal Reserve System): "Understanding the New Normal: the Role of Demographics"

11 September 2018: Christoph Basten (University of Zurich): "How Banks Respond to Negative Interest Rates: Evidence from the Swiss Exemption Threshold"

28 August 2018: Emil Verner (MIT Sloan School of Management): "How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels"

22 August 2018: Sylvain Leduc (​Vice President for Macroeconomics at Federal Reserve Bank of San Francisco, Deputy Governor in charge of Financial Stability at Bank of Canada, 2016-2018): "Policy Normalization and Beyond: A Canadian Perspective".
Details

26 June 2018: Olga Gorbachev (University of Delaware): "The Credit Card Debt Puzzle: The Role of Preferences, Credit Risk, and Financial Literacy"

22 June 2018: Michael Weber (University of Chicago Booth School of Business): "Human Frictions to the Transmission of Economic Policy"

19 June 2018: Laura Sunder-Plassmann (University of Copenhagen): "Sovereign debt crises and the investor base"

12 June 2018: Domenico Giannone (Federal Reserve Bank of New York): "Economic Predictions with Big Data: The Illusion of Sparsity"

6 June 2018: Saroj Bhattarai (University of Texas at Austin); "Some Unpleasant Central Bank Balance Sheet Arithmetic"

8 May 2018: Robert Zymek (University of Edinburgh): "Bilateral Trade Imbalances" 

1 May 2018: Steffen Andersen (Copenhagen Business School): "Experience is the Best Teacher: Financial Misconduct and White-Collar"

13 April 2018: Federico Cingano (Bank of Italy): "Does Credit Crunch Investment Down? New Evidence on Real Effects of the Bank-Lending Channel"

12 April 2018:  Federico Cingano (Bank of Italy): "Before it Gets Better: The Short-Term Employment Costs of Regulatory Reforms"

9 April 2018: Markus Riegler (University of Bonn): "Unemployment (Fears) and Deflationary Spirals"

3 April 2018:  James Costain (Bank of Spain): "Monetary policy implications of state-dependent prices and wages"

20 March 2018: Michele Cavallo (Board of Governors of the Federal Reserve System): "Fiscal Implications of the Federal Reserve's Balance Sheet Normalization"

15 January 2018: Rikke Sejer Nielsen (Copenhagen Business School): "Consumption smoothing over the life-cycle with interest-only mortgages"

2017

8 December 2017: Marcus Mølbak Ingholt (University of Copenhagen): "LTV vs. LTI Constaints: When Did They Bind, and How Do They Interact?"

5 December 2017: Nicolas Serrano-Velarde (Bocconi University): "Lending Standards Over the Credit Cycle"

4 December 2017: Gulfi Zoega (Birkbeck, University of London): "Europe's Trust Deficit - Causes and Remedies"

1 December 2017: Eddie Gerba (Bank of Spain): "Knightian uncertainty and credit cycles"

27 November 2017: David Argente (University of Chicago): "Product Life Cycle, Learning and Nominal Shocks"

21 November 2017: Alonso Villacorta (University of California, Santa Cruz): "Business Cycles and the Balance Sheets of the Financial and Non-financial Sectors"

14 November 2017: Paolo Gelain (European Central Bank): "Monetary and Macroprudential coordination"

9 November 2017:  David Arseneau (Board of Governors of the Federal Reserve Systems): "Private and Public Liquidity Provision in Over-the-Counter Markets"

7 November 2017: David Arseneau (Board of Governors of the Federal Reserve Systems): "How Would US Banks Fare in a Negative Interest Rate Environment"

6 November 2017: Signe Krogstrup (IMF): "International Capital Flow Pressures"

24 October 2017: Jens Christensen (Federal Reserve San Francisco): "A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt"

3 October 2017: Egon Zakrajsek (Board of Governors of the Federal Reserve Systems): "Financial Heterogeneity and Monetary Union"

20 September 2017: Martin Seneca (Bank of England): "Risk shocks close to the zero lower bound"

19 September 2017: Stefano Neri (Bank of Italy): "Natural Rates across the Atlantic"

12 September 2017: Claus Thustrup Kreiner (University of Copenhagen): "CEBI project: Heterogenous Discounting Behavior and Wealth Inequality"

29 August 2017: David Lando (Copenhagen Business School): "Safe Haven CDS Premiums"

8 August 2017: Jeppe Druedahl (University of Copenhagen): "Long-Run Saving Dynamics: Evidence from Unexpected Inheritance"

4 August 2017: Oreste Tristani (European Central Bank): "Monetary Policy and Long-term interest rates"

20 June 2017: Emiliano Santoro (University of Copenhagen), Søren Hove Ravn (University of Copenhagen): "Leverage and Deepening Business Cycle Skewness"

6 June 2017: Luca Gambetti (Universitat Autónoma De Barcelona): "News, Uncertainty and Economic Fluctuations (No News Is Good News)"

23 May 2017: Søren Leth-Petersen (University of Copenhagen): "Is There a Housing Wealth Effect?"

18 May 2017: Luca Sala (Bocconi University): "Reassessing Structural VARs: Beyond the ABCs (and Ds)

9 May 2017: Daniel Daianu (National Bank of Romania): "The New Trade Protectionism"

5 May 2017: Omri Ross (University of Copenhagen): "Blockchains"

12 January 2017: Thomas Pihl Gade (IMF's Nordic-Baltic Office): "The IMF in the International Monetary System and a more Polarized World"

2016
19 December 2016: Thomas Kromand Danielsen (Danmarks Nationalbank): "Potential Output in Denmark – Revised"

16 December 2016: Christian Sinding Bentzen (Danmarks Nationalbank): "Spill-Over Effects from the Housing Market in Copenhagen on the Province"

15 November 2016: Immo Schott (Universite de Montreal): "The employment and productivity effects of short-time work in Germany"

11 November 2016: Georg Ring (Copenhagen Business School): "The irrelevance of Brexit for the European Financial Market"

31 October 2016: Stefan Ingves (Sveriges Riksbank): "Current Discussions on the Basel Framework and Challenges Ahead"

28 October 2016: Graeme Stuart Cokayne (Danmarks Nationalbank): "Incorporating Information into Beliefs on Networks"

10 October 2016: Markus Brunnermeier (Princeton University): “The reversal interest rate: the effective lower bound of monetary policy"

10 October 2016: Jonas Sørensen and Morten Spange (Danmarks Nationalbank): "Effects of inventions in the currency market"

12 September 2016: Peter Lihn Jørgensen (Danmarks Nationalbank): "The American house bubble with alternative formation of expectations"

1 September 2016: Vitor Gaspar (IMF's Fiscal Affairs Department): "Global Fiscal Developments and tax capacity"

29 August 2016: Jesper Pedersen (Danmarks Nationalbank): "What are the effects of changes in taxation and new types of mortgages on the real economy? - The case of Denmark during the 00's"

15 August 2016: Goutham Jørgen Surendran and Rasmus Bisgaard (University of Copenhagen): "Fiscal policy in a DSGE model"

10 June 2016: Lasse Holboell Nielsen (Goldman Sachs): "ECB policy shocks Euro satellites – 'Fear of floating'"

6 June 2016: Kim Abildgren and Andreas Kuchler (Danmarks Nationalbank): "Consumer confidence and house bubbles"

23 May 2016: Nicolas Véron (Bruegel): "Europe's Newborn Banking Union: Achievements, Challenges & Prospects"

9 May 2016: Anders Kronborg (Danmarks Nationalbank): "Modeling nonlinear dynamics in macroeconomics"

12 April 2016: Tjörvi Olafsson (Sedlabanki): "Financial Cycles in Iceland"

11 April 2016: Søren Hove Ravn (University of Copenhagen): "Deepening Contractions and Collateral Constraint"

14 March 2016: Robert Aliber (University of Chicago): "The case for flexible exchange rates is intellectually bankrupt"

1 February 2016: Svend Greniman Andersen (Danmarks Nationalbank): "Offshoring, innovation and wages in the global economy"

18 January 2016: Mark Strøm Kristoffersen (Danmarks Nationalbank): "Market liquidity and market making in the bond market"

2015
7 December 2015: Claes Bäckman (Copenhagen Business School): "The Consequences of Interest Only Loans for the Housing Boom and Bust"

5 October 2015: Gregory Chin (York University): "Chinese monetary policy and internationalization of the renminbi"

1 October 2015: Lasse Heje Pedersen (Copenhagen Business School)

28 September 2015: Peter Nellemann (Danmarks Nationalbank): "Global value chains"

14 September 2015: Casper Nordal Jørgensen (Danmarks Nationalbank): "Expenditure switching and welfare effects"

31 August 2015: Kim Abildgren (Danmarks Nationalbank): "Money market before, under and after the crisis"

17 August 2015: Mark Strøm Kristoffersen (Danmarks Nationalbank): "Analysis of wage flexibility, geographic mobility and the unemployment benefit system"

13 August 2015: Andreas Orebo Hansen and Frederik Sandager Rasmussen (University of Copenhagen): "How intense is the competition among banks, and how does it affect the financial stability?"

22 July 2015: Ib Hansen (Danmarks Nationalbank): "Connection the MONA model and banks’ stress testing"

8 June 2015: Morten Hedegaard Rasmussen (OECD): "Countries real economic resilience"

28 May 2015: Søren Autrup (Danmarks Nationalbank): "Monetary policy in the ECB"

11 May 2015: Andreas Kuchler (Danmarks Nationalbank): "Firms debt and investments during the crisis"

11 May 2015: Yu Yongding (China Society of World Economy): "China's Slow-Growth Opportunity"

27 April 2015: Simon Juul Hviid (Aarhus University): "Explosive bubbles in house prices? Evidence from the OECD countries"

13 April 2015: Torben Heien Nielsen (University of Copenhagen): "Active vs. Passive Decisions and Crowd-Out in Retirement Savings: Evidence from Denmark"

9 April 2015: Signe Krogstrup (Swiss National Bank): "Monetary policy with negative interest rates"

7 April 2015: Jens Søndergaard (Capital Group): "Global financial cycles: All together now?"

16 March 2015: Marcus Mølbak Ingholt (University of Copenhagen): "A DSGE Model with a Housing Market and Unemployment"

16 March 2015: Mette Escherich Østergaard (Aarhus University): "Risk to the macroeconomic stability – adjustable rates and deferred amortization"

2 March 2015: Jesper Pedersen (Danmarks Nationalbank): "Long stagnation"

2 February 2015: Henrik Yde Andersen (Danmarks Nationalbank): "Saving behavior and fiscal deduction for pension savings – an empirical research of the ceiling over pension annuity payment"

2 February 2015: Anne Ulstrup (Danmarks Nationalbank): "the Keynesian multiplier in a CGE-model – modelling of a CGE-model with nominal and real frictions"

19 January 2015: Sabine Lautenschläger (ECB & SSM): "Single Supervisory Mechanism – its establishment and the way forward"