Michael D. Bauer | Lightnews

Michael Bauer @michaeldbauer.bsky.social · 10d

This research is part of the Center for Monetary Research at the Federal Reserve Bank of San Francisco:
sffed.us/CMR

Michael Bauer @michaeldbauer.bsky.social · 10d

Thanks to my excellent coauthors Miguel Acosta, andreaajello.bsky.social, Francesca Loria, and Silvia Miranda-Agrippino!

Michael Bauer @michaeldbauer.bsky.social · 10d

We also find that monetary policy has significant effects on market-based inflation and dividend expectations that are consistent with conventional transmission channels. Term structure responses peak at longer horizons, suggesting there are signals about the reaction function.

Michael Bauer @michaeldbauer.bsky.social · 10d

In our working paper "Financial Market Effects of FOMC Communication: Evidence from a New Event-Study Database" we describe the USMPD in detail and document new empirical results. For example, large policy surprises have made a comeback, and press conferences play a key role...

Michael Bauer @michaeldbauer.bsky.social · 10d

The USMPD contains market reactions to all official FOMC communication events since 1994, including statements, post-meeting press conferences and minutes releases. It also includes data and code for high-frequency monetary policy surprises.

Michael Bauer @michaeldbauer.bsky.social · 10d

📢 New Data & Paper 📢
We released the U.S. Monetary Policy Event Study Database, a public, transparent, and regularly updated dataset of high-frequency financial market reactions to all official FOMC communication since 1994.
Data: sffed.us/USMPD
Paper: frbsf.org/research-and...

Michael Bauer @michaeldbauer.bsky.social · Nov 11

Excellent VSME talk by Jordi Gali, who provided a new perspective on monetary policy rules based on his Keynes Lectures and discussion at Jackson Hole of Emi Nakamura's paper. He makes a compelling case for rules for long-term real rates. Video here:
www.youtube.com/watch?v=UrbH...

Michael Bauer @michaeldbauer.bsky.social · Nov 4

We launched the Center for Monetary Research about one year ago. The first year brought a flurry of activities, research, and new data&indicators. Special highlight:
Adrien Auclert receiving the inaugural Janet Yellen Award! My blog post has a review and outlook:
www.frbsf.org/research-and...

The Center for Monetary Research: First Year in Review - San Francisco Fed

To mark the first year since the Center for Monetary Research’s launch, the San Francisco Fed reviews the Center’s research activities and events.

www.frbsf.org

Michael Bauer @michaeldbauer.bsky.social · Nov 4

Very excited that our third monthly VSME is coming up this Thursday. We'll hear from Jordi Gali about monetary policy in the New Keynesian model.

Please join us on Zoom at 11am Eastern / 5pm CET! Webinar registration here:
cepr-org.zoom.us/webinar/regi...

Centre for Economic Policy Research @cepr.org · Nov 4

Virtual Seminar on Monetary Economics
A monthly series joint with the Center for Monetary Research at the SF Fed
6 Nov 17:00 CET
Join us this week for a seminar with Jordi Galí presenting “Rethinking the New Keynesian Model (I): The Monetary Policy Block”

cepr.org/events/event...
#EconSky #EconConf

Centre for Economic Policy Research @cepr.org · Nov 4

Virtual Seminar on Monetary Economics
A monthly series joint with the Center for Monetary Research at the SF Fed
6 Nov 17:00 CET
Join us this week for a seminar with Jordi Galí presenting “Rethinking the New Keynesian Model (I): The Monetary Policy Block”

cepr.org/events/event...
#EconSky #EconConf

Michael Bauer @michaeldbauer.bsky.social · Sep 2

We hope you had a nice summer, the Virtual Seminar on Monetary Economics is now in session! Please join us this Thursday at 8am PT / 11am ET for our first seminar! Zoom webinar registration here: cepr-org.zoom.us/webinar/regi...

Centre for Economic Policy Research @cepr.org · Sep 2

The Virtual Seminars on Monetary Economics, hosted by CEPR & the San Francisco Fed start this week!

Session 1: 4 Sept 17:00 CEST
@ivanwerning.bsky.social @mit.edu
Topic: Tariffs as Cost-Push Shocks: Implications for Optimal #MonetaryPolicy

Sign up: cepr.org/events/event...

#EconSky #EconConf

Centre for Economic Policy Research @cepr.org · Sep 2

The Virtual Seminars on Monetary Economics, hosted by CEPR & the San Francisco Fed start this week!

Session 1: 4 Sept 17:00 CEST
@ivanwerning.bsky.social @mit.edu
Topic: Tariffs as Cost-Push Shocks: Implications for Optimal #MonetaryPolicy

Sign up: cepr.org/events/event...

#EconSky #EconConf

Michael Bauer @michaeldbauer.bsky.social · Aug 26

Apropos, we regularly update our measure of market-based monetary policy uncertainty, published via our
SF Fed Center for Monetary Research:
www.frbsf.org/research-and...

Market-Based Monetary Policy Uncertainty - San Francisco Fed

Market-Based Monetary Uncertainty provides daily indicators of the uncertainty about future short-term interest rates based on prices of money market derivatives

www.frbsf.org

Michael Bauer @michaeldbauer.bsky.social · Aug 26

In a nutshell, the paper proposes a taxonomy for economic risks and uncertainties, reviews various measures and models available for quantitative assessments, and discusses ways how central banks can communicate uncertainty to the public. 2/3

Michael Bauer @michaeldbauer.bsky.social · Aug 26

🧵It was a great pleasure to work with excellent colleagues across the ‪@federalreserve.gov‬ on a paper for the FOMC framework review. Thanks to my coauthors Travis Berge, Giuseppe Fiori, Francesca Loria, Molin Zhong. You can find the paper here:
www.federalreserve.gov/econres/feds... 1/3

Accounting for Uncertainty and Risks in Monetary Policy

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Michael Bauer @michaeldbauer.bsky.social · Jul 31

Interested in top-notch research in monetary economics? Join us for this new online seminar series, co-hosted CEPR's Monetary Economics and Fluctuations program and our Center for Monetary Research! @ivanwerning.bsky.social will kick things off on Sep-4.
Sign up: cepr-org.zoom.us/webinar/regi...

Centre for Economic Policy Research @cepr.org · Jul 28

New Virtual Seminar series on #MonetaryEconomics begins September 2025, joint with the Center for Monetary Research of the Federal Reserve Bank of San Francisco.
Monthly sessions explore central bank frameworks, policy design, and international dimensions.

More: cepr.org/events/event...

#EconSky

Centre for Economic Policy Research @cepr.org · Jul 28

New Virtual Seminar series on #MonetaryEconomics begins September 2025, joint with the Center for Monetary Research of the Federal Reserve Bank of San Francisco.
Monthly sessions explore central bank frameworks, policy design, and international dimensions.

More: cepr.org/events/event...

#EconSky

Adam Shapiro @adamshap.bsky.social · Nov 13

Shelter inflation will continue to remain above pre pandemic levels as average rents catch up to market rents

Nicola Borri @nicolaborri.bsky.social · Nov 19

The call for the third edition of the Luiss Finance Conference is out. This time we are looking for papers on Corporate Finance and Financial Intermediation. Keynote by Manju Puri. Spread the news. #EconSky

cepr.org/events/luiss....

LUISS Finance Workshop 2025

Search the site

cepr.org

Austan Goolsbee @goolsbee.bsky.social · Nov 20

Follow this woman @dianeswonk.bsky.social

She is good.

Lisa Kramer @lisakramer.com · Sep 25

I made a starter pack of academics doing finance research, including finance professors, financial economists, and other economists interested in finance go.bsky.app/944zQWd

Kevin Roose @kevinroose.com · Nov 22

I wrote about this app! It’s good! (But you know that, you’re here)
www.nytimes.com/2024/11/22/t...

Bluesky Is Turning Into a Strong X Alternative

Bluesky has a hint of the old Twitter magic, but the feeling of freedom it offers might be even better.

www.nytimes.com

Michael Bauer @michaeldbauer.bsky.social · Nov 20

🚨Call for Papers🚨
Together with the Bank of Canada and the Chicago Fed, we're organizing a Conference on #FixedIncome Research and Implications for #MonetaryPolicy on May 22-23, 2025, in San Francisco. Submissions due by January 31. More details: www.frbsf.org/news-and-med...
#EconSky

Call for Papers: Fixed Income Research and Implications for Monetary Policy - San Francisco Fed

Submissions due by January 31, 2025 for the Fixed Income Research and Implications for Monetary Policy Conference

www.frbsf.org

Centre for Economic Policy Research @cepr.org · Mar 3

#CallForPapers for the #CEBRA2025 Annual Meeting

They invite high-quality research papers on central #banking, #monetarypolicy, financial stability and related topics.

Hosted by: Boston Fed and the HBS Pricing Lab D^3
Deadline: 20 March

More info: cebra-events.org/call-for-pap...
#EconSky

Call for Papers for: The 2025 Annual Meeting of the Central Bank Research Association (CEBRA). Co-organized with the Federal Reserve Bank of Boston and Harvard Business School, Pricing Lab, Digital Data Design Institute at Harvard (D^3).

The submission deadline is Thursday, 20 March 2025.

Date:  Wednesday 6 August to Friday 8 August 2025
Location: Federal Reserve Bank of Boston (6 Aug) and Harvard Business School (7-8 Aug)

The CEBRA Annual Meeting, now celebrating its tenth year, brings together practitioners to explore a wide range of pressing topics relevant to central banks, financial regulators, international financial institutions and fiscal authorities. With the input and support of almost 30 central banks, this year's call for papers ensures the sessions will be diverse, engaging and highly topical. We invite you to submit your paper and be part of this important discussion.

The conference will showcase a keynote address by Alberto Cavallo, followed by an insightful panel on Technology and the Inflation Process, organized by Raphael Auer. Two high-level policy panels, hosted by the Federal Reserve Bank of Boston, will further enrich the discussions. Additionally for 2025, CEBRA is pleased to highlight a poster session designed specifically for early-career economists, providing a platform for emerging voices in the field. The program will also feature a session by Banca d’Italia on Women in Central Banking.

The Scientific Committee is composed of Laura Alfaro (Harvard Business School), Raphael Auer (BIS Innovation Hub, CEBRA), Alberto Cavallo (Harvard Business School), Raphael Schoenle (Brandeis University, CEBRA) and Egon Zakrajšek (Federal Reserve Bank of Boston).

Michael Bauer @michaeldbauer.bsky.social · May 27

🚨Friendly reminder that Saturday, May 31 is the deadline to submit (a) papers to our fall macro-finance conference and (b) nominations for the new Janet Yellen Award for Monetary Research, both initiatives of our new Center for Monetary Research. Details are here: www.frbsf.org/news-and-med...

Call for Papers: 2nd Annual Conference on Macro-Finance Research - San Francisco Fed

Submissions due by May 31, 2025, for the 2nd Annual Conference on Macro-Finance Research, to be held in San Francisco on October 10, 2025.

www.frbsf.org

Michael Bauer @michaeldbauer.bsky.social · May 19

🚀Stay ahead of the curve! If you're interested in events, new papers, and data updates of our Center for Monetary Research, you can sign up for the quarterly newsletter here: frbsf.org/subscription...
#MonetaryPolicy #MacroFinance #CentralBanking #EconSky

Subscriptions - San Francisco Fed

Subscribe to our mailing lists to learn more about what’s happening in the Twelfth District. Receive the latest news, information, research, and insights on

https://frbsf.org/subscriptions/#mce-group[5401]-5401-6

Michael Bauer @michaeldbauer.bsky.social · May 16

Excellent papers at the Second Thomas Laubach Conference of the @federalreserve.bsky.social Follow Ben Bernanke's presentation on Central Bank Communication live now, or watch the recording later. Great stuff!
www.federalreserve.gov/conferences/...

Second Thomas Laubach Research Conference

economic Conference - The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Michael Bauer @michaeldbauer.bsky.social · May 13

Selection Committee: Michael Bauer, Sylvain Leduc, Thomas Mertens, and Pascal Paul

More info is also in our conference call for papers:
www.frbsf.org/news-and-med...

Call for Papers: 2nd Annual Conference on Macro-Finance Research - San Francisco Fed

Submissions due by May 31, 2025, for the 2nd Annual Conference on Macro-Finance Research, to be held in San Francisco on October 10, 2025.

www.frbsf.org

Michael Bauer @michaeldbauer.bsky.social · May 13

The nominee should have received their Ph.D. within the last ten years, but exceptions due to career breaks are possible. Please send nominations to CMR@sf.frb.org by May 31, 2025. Nominations should include a brief justification and the nominee’s CV. Self-nominations are accepted.

Michael Bauer @michaeldbauer.bsky.social · May 13

📢Call for Nominations📢

The SF Fed and its Center for Monetary Research are launching the new Janet Yellen Award!

This award will be given annually to an exceptional early-career researcher who has made significant and policy-relevant contributions to macro-finance and/or monetary economics.

Add to Home Screen

Light up
your news

Add to Home Screen

Light upyour news

Sign in to Lightnews

Sign up to start reading

Connect Bluesky

Connect with Bluesky

Light up
your news