KAEA Macro VSS Time: Thursday, Feb. 9 8:00PM Eastern Time (10:00AM Friday in Korea) Speaker: Joonseok Oh (Freie Universität Berlin) Paper: "Optimal Monetary Policy Mix at the Zero Lower Bound" (w/ Dario Bonciani) We study the optimal mix of forward guidance and QE at the ZLB. Welfare loss depends on inflation, output, and inequality between […]

Micro Seminar Time: Thursday, Feb. 23 8:00PM Eastern Time (10:00AM Friday in Korea) Speaker: Jeongbin Kim (Florida State University) Paper: “Patience Is Power: Bargaining and Payoff Delay” Abstract: We provide causal evidence that patience is a significant source of bargaining power. Generalizing the Rubinstein (1982) bargaining model to arbitrarily non-stationary discounting, we first show that […]