Conference Recap
CORE Week, featuring the Government Programs and their Effect on Welfare and Employment Conference
The Collaboration of Research Economists (CORE) model combines frontier research and an innovative delivery method to advance collaboration within the economics profession.
The CORE model consists of eight CORE Weeks per year. During each week, visiting economists from a range of disciplines will join with Richmond Fed economists for seminars, conferences, and formal and informal networking and collaboration—all with an eye toward advancing economic research.
The Richmond Fed’s March installment of CORE Week included a nod to inclusion and to women who are making history in the field. The week kicked off with a two-part discussion about women in economics that was jointly hosted by the Bank’s Research department and its Supervision Regulation and Credit division. Arantxa Jarque, senior policy economist at the Richmond Fed, and Daniel Scidá, financial economist and manager at the Richmond Fed, discuss the challenges faced by women in the economics profession and the progress that the Federal Reserve Bank of Richmond has made in addressing them in this Women in Economics: Advancing Together podcast.
In addition to the numerous seminars presented by visiting economists, the week included the Government Programs and their Effect on Welfare and Employment Conference, with speakers presenting papers on a range of topics all outlined below. Conference organizer Marios Karabarbounis, a Richmond Fed economist, shared that “The conference focused on the effects of government programs that provide important financial assistance to workers in times of job loss, retirement, or disability coverage. Some of the papers also analyzed the effect of higher minimum wages and of fiscal stimulus, such as direct checks to households. As the recent experience with Covid-19 highlighted, such programs can affect a large portion of the population so understanding the exact costs and benefits associated with these programs is an important task.” Learn more about the conference in this Economic Brief.
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1 of 7 Sarah Zubairy presenting “Public Pension Reforms and Retirement Decisions: Narrative Evidence and Aggregate Implications”
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2 of 7 Christian Wolf presenting “Interest rate cuts vs. stimulus payments: An equivalence result”
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3 of 7 Tom Winberry presenting “The Minimum Wage in the Short Run and the Long Run”
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4 of 7 Pascal Noel presenting “Spending and Job Search Impacts of Expanded Unemployment Benefits”
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5 of 7 Women in Economics: Advancing Together collaboration session
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6 of 7 Isaac Baley presenting “The Macroeconomics of Partial Irreversibility”
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7 of 7 Ali Shourideh presenting “Inequality, Redistribution and Optimal Trade Policy: A Public Finance Approach”
Presenters and Visiting Economists
Naoki Aizawa
Isaac Baley
Mark Bils
Michael Choi
Hugo Hopenhayn
Cosmin Ilut
Marios Karabarbounis
Nicolas Morales
Dávid Krisztián Nagy
Pascal Noel
Ricardo Reis
Guillaume Rocheteau
Esteban Rossi-Hansberg
Ali Shourideh
Thomas Winberry
Christian Wolf
Kairong Xiao
Daniel Yi Xu
Sarah Zubairy
Agenda
Titles listed where decided.
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Monday, March 21, 2022
11:45 am
Economist Lunch
12:00 pmWomen in Economics: A RICH Discussion with Bev Hirtle
01:00 pmWomen in Economics: Advancing Together
02:30 pmVisitor Seminar: Cosmin Ilut (Duke University) presenting the paper “Economic agents as imperfect problem solvers”, joint with Rosen Valchev
04:00 pmCollaboration Hour
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Tuesday, March 22, 2022
09:30 am
In The News Session: Immigration Inflows into Rural Areas, presented by Nicolas Morales
10:30 amVisitor Seminar: Daniel Yi Xu (Duke University) presenting the paper “Regulating conglomerates in China: Evidence from an Energy Conservation Program”
12:30 pmVisitor Seminar: Dávid Krisztián Nagy (CREI) presenting the paper "The Death and Life of Great British Cities"
03:30 pmVisitor Seminar: Guillaume Rocheteau (University of California-Irvine) presenting the paper "Information Acquisition and Price Discrimination in Dynamic, Decentralized Markets", joint with Michael Choi
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Wednesday, March 23, 2022
11:00 am
Visitor Seminar Isaac Baley (Universitat Pompeu Fabra) presenting the paper “The Macroeconomics of Partial Irreversibility”, joint with Andrés Blanco
02:30 pmVisitor Seminar: Ali Shourideh (Carnegie Mellon University) presenting the paper “Inequality, Redistribution and Optimal Trade Policy: A Public Finance Approach”
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Thursday, March 24, 2022
12:30 pm
Visitor Seminar: Kairong Xiao (Columbia Business School) will be presenting the paper '‘The Shadow Cost of Collateral"
03:30 pmVisitor Seminar: Michael Choi (University of California, Irvine) presenting the paper “Learning and Money Adoption”
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Friday, March 25, 2022
08:45 am
Government Programs and their Effect on Welfare and Employment Conference
Opening Remarks & Breakfast
09:00 amPascal Noel (Chicago Booth), presenting the paper "Spending and Job Search Impacts of Expanded Unemployment Benefits"
09:45 amMarios Karabarbounis (Fed Richmond), presenting the paper “Disincentive Effects of Pandemic Unemployment Benefits”
10:30 amBreak
11:00 amNaoki Aizawa (University of Wisconsin) presenting the paper "Firm Accommodation and the Design of Social Insurance: Evidence from Return to Work after Workplace Disability"
11:45 amLunch
01:00 pmTom Winberry (The Wharton School) presenting the paper "The Minimum Wage in the Short Run and the Long Run"
01:45 pmSarah Zubairy (Texas A & M University), presenting the paper "Public Pension Reforms and Retirement Decisions: Narrative Evidence and Aggregate Implications"
02:30 pmBreak
03:00 pmChristian Wolf (MIT), presenting the paper “Interest rate cuts vs. stimulus payments: An equivalence result”
Future CORE Weeks
2022
- May 9 – May 13
- June 21 – June 24
- August 1 – August 5
- September 26 – September 30
- November 7 – November 10
- December 12 – December 16
