IZA - Conference Program


IZA Workshop: Labor Markets and the Phillips Curve: What Has Changed in the Past 60 Years?

Organizers: Michael C. Burda (Humboldt University Berlin and IZA), David G. Blanchflower (Dartmouth College), Simon Trenkle (IZA)
Date:November 20, 2020 - November 21, 2020

Event Manager:

Dominik Spitza (IZA)


All times stated in CET (Central European Time, GMT+1)

On the conference dates 14:00 CET (GMT+1) is:
08:00 EST (GMT-5)
05:00 PST (GMT-8)

+++ presentation: 30 min incl. Q&A +++

Friday, November 20:

14:00 - 14:15   Welcome and Introduction
Michael C. Burda (Humboldt University Berlin and IZA)

14:15 - 14:30   Opening Remarks
Olivier Blanchard (MIT and IZA)

        Session A
14:30 - 15:00   Silvana Tenreyro (London School of Economics)
  "The Phillips Curve and the Link between Wage and Price Inflation"
15:00 - 15:30   Ricardo Duque Gabriel (University of Bonn)
  "Historical Wage Phillips Curves"
15:30 - 16:00   Mathias Trabandt (Freie Universität Berlin), Jesper Lindé (Central Bank of Sweden)
  "Resolving the Missing Deflation Puzzle"
16:00 - 16:30   Break / Break Out Session
        Session B
16:30 - 17:00   Anna Stansbury (Harvard University), Lawrence Summers (Harvard University)
  "The Declining Worker Power Hypothesis"
17:00 - 17:30   Gabriel Züllig (University of Copenhagen)
  "Heterogeneous Employment Effects of Firms' Financial Constraints and Wageless Recoveries"
17:30 - 17:45   Break / Break Out Session
17:45 - 18:15   Marco Del Negro (Federal Reserve Bank of New York), Michele Lenza (European Central Bank), Giorgio Primiceri (Northwestern University), Andrea Tambalotti (Federal Reserve Bank of New York)
  "What's Up with the Phillips Curve?"
18:15 - 18:45   Jordi Galí (CREI, Universitat Pompeu Fabra), Luca Gambetti (Universitat Pompeu Fabra)
  "Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration"

Saturday, November 21:

        Session C
14:00 - 14:30   David G. Blanchflower (Dartmouth College), David N.F. Bell (University of Stirling and IZA)
  "Underemployment in the United States and Europe"
14:30 - 15:00   Deniey A. Purwanto (University of Göttingen)
  "Intertemporal and Interregional Wage Behavior in Indonesia: A Reconciliation of the Phillips Curve and the Wage Curve?"
15:00 - 15:30   Christian Merkl (University of Erlangen-Nuremberg and IZA), Heiko Stüber (University of Erlangen-Nuremberg and IZA)
  "Wage Cyclicalities and Employment Dynamics at the Establishment Level"
15:30 - 16:00   Bart Hobijn (Arizona State University), Mary C. Daly (Federal Reserve Bank of San Francisco and IZA)
  "The Intensive and Extensive Margins of Real Wage Adjustment"
16:00 - 16:30   Break / Break Out Session
        Session D
16:30 - 17:00   David Byrne (Central Bank of Ireland)
  "Non-linearity in the Wage Phillips Curve: Euro Area Analysis"
17:00 - 17:30   Roger Farmer ( University of Warwick )
  "The Importance of Beliefs in Shaping Macroeconomic Outcomes"
17:30 - 18:00   Emi Nakamura (University of California, Berkeley), Jonathon Hazell (London School of Economics), Juan Herreno (Columbia University), Jon Steinsson (University of California, Berkley)
  "The Slope of the Phillips Curve: Evidence from U.S. States"
18:00 - 18:30   Final Discussions