Michael Bauer
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michaeldbauer.bsky.social
Michael Bauer
@michaeldbauer.bsky.social

Economist at San Francisco Fed. Macro-finance, monetary policy, climate finance. Husband and proud dad of two. From Hamburg (Moin!)

Economics 96%
Energy 1%

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

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...
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
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

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...
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
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

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

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

🧵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

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...
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

Reposted by Michael D. Bauer

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

Reposted by Michael D. Bauer

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

Reposted by Michael D. Bauer

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

Reposted by Michael D. Bauer

Follow this woman @dianeswonk.bsky.social

She is good.
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

Reposted by Michael D. Bauer

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

Reposted by Michael D. Bauer

🚨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

Reposted by Michael D. Bauer

#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

🚨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

🚀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

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

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

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.

📢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.

The SF Fed's Center for Monetary Research is hosting our 2nd Annual Macro-Finance Conference this fall. If you have a recent paper on the linkages between financial markets, monetary policy, and the macroeconomy, please submit by May 31!
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

Our Center for Monetary Research is cosponsoring a session at the 2025 CEBRA meeting. Do you have a recent working paper on international macro-finance/monetary issues? Then please submit to Session 14 of this CfP! Deadline is March 20. We look forward to your submissions! #CEBRA2025 #CFP #EconSky
#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

Kristin Forbes distills lessons for monetary policy from her research and the recent experience of central banks, using Sun Tzu's eternal classic "The Art of War" as a framework. Ingenious! (And particularly close to my own martial artist heart.)

cepr.org/publications...
DP19905 The Art of Monetary Policy: Lessons from Sun Tzu for Central Banks
The 2008 Global Financial Crisis and 2020 COVID-19 pandemic forced central banks to innovate and develop a multifaceted set of new weapons that have substantially expanded their authority and reach. This lecture draws lessons for monetary policy from the last two, tumultuous decades by applying the principles of Sun Tzu, a Chinese philosopher and military strategist from the 6th century BC. Tzu proposed several key principles for success—tenets that also apply to monetary policy today: (1) planning in advance for the next battle; (2) accepting and adapting to the inevitability of powerful, external shocks; (3) establishing a strong tactical position; (4) developing a variety of weapons that can be combined for different situations and maneuvers; (5) maintaining flexibility so that you can quickly modify your strategy; and (6) considering the longer-term costs when evaluating the tradeoffs of different approaches. While the optimal strategy in both war and monetary policy is more of an “art” than a science, these principles provide insights on how central banks should deploy interest rates, balance sheets, emergency support programs, forward guidance, and macroprudential tools when battling the next crisis—as well as to build more resilient economies during more peaceful periods.
cepr.org

Submission deadline for our fixed income conference is this Friday, January 31. Our keynote speaker will be Annette Vissing-Jorgensen. If you have a new paper in this area, please consider submitting it!
🚨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

Thank you @cwolfram.bsky.social for a fantastic presentation on CBAM in today's Virtual Seminar on Climate Economics. The slides and recording are here: www.frbsf.org/news-and-med...

Also worth checking out this @rff.org policy brief: www.rff.org/publications...

Reposted by Michael D. Bauer

At the AEA meetings in San Francisco?

Check out this nice session on Friday morning: "Identifying Monetary Policy"

With presentations by Amy Handlan @michaeldbauer.bsky.social @kronerniklas.bsky.social myself and Philippe Andrade

Thank you Philippe for organizing! #ASSA2025

The Virtual Seminar on Climate Economics is finishing the year strong, with a talk by Philippe Agion from INSEAD on "Transition to Green Technology along the Supply Chain". Join us Thursday at 11am ET on Zoom!

www.frbsf.org/news-and-med...
Philippe Aghion, INSEAD Transition to Green Technology along the Supply Chain - San Francisco Fed
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www.frbsf.org