Cowles Foundation for Research in Economics
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Conference

2026 Conference on Macroeconomics

Organizers: Luca Gagliardone (Yale) and George-Marios Angeletos (Northwestern)

Location
Room 4400 - Lin Classroom

Yale School of Management, Evans Hall
165 Whitney Ave
New Haven, CT 06511

Date
Jun 04 — Jun 05, 2026

Presenters: upload your slides.

The Cowles Summer Conferences at Yale SOM are by invitation only. Registration details can be found in your formal invitation. All participants are expected to abide by the Cowles Foundation Code of Professional Conduct.

Thursday & Friday, June 4-5, 2026

The agenda below is tentative and subject to change.

Thursday, June 4

8:30 - 9:15 AM

Breakfast and Registration

9:15 - 10:15 AM

“The Macroeconomic Effect of Stimulus Checks: Evidence from Postwar Veterans’ Payments”

Joao Guerreiro (UCLA & Fed Minneapolis), Jonathon Hazell* (LSE), Diego R. Känzig (Northwestern University), Ed Manuel (LSE)

Discussant: Jonathan Parker* (MIT)

10:15 - 11:15 AM

“Risk Premia, Limited Firm Insurance and Heterogeneous Earning Risk”

Maarten Meeuwis (Washington University in St. Louis), Dimitris Papanikolaou (Kellogg School of Management, Northwestern University)*, Lawrence Schmidt (MIT Sloan School of Management)

Discussant: Corina Boar* (New York University)

11:15 - 11:30 AM

Break

11:30 - 12:30 PM

“Consumption Wedges: Measuring and Diagnosing Distortions”

Sasha Indarte* (Wharton School, University of Pennsylvania), Raymond Kluender (Harvard Business School), Ulrike Malmendier (University of California, Berkeley),  Michael Stepner (University of Toronto)

Discussant: Karthik Sastry* (Princeton University)

12:30 - 1:30 PM

Lunch

1:30 - 2:30 PM

“Propagation of Shocks in Networks: Identification and Applications”

Gabriel Chodorow-Reich (Harvard University), Xavier Gabaix* (Harvard University), Davide Viviano (Harvard University)

Discussant: Geert Mesters* (Federal Reserve Bank of New York)

2:30 - 3:30 PM

“Strategic Complementarities = Persistence in Linear Quadratic Mean Field Games”

Fernando Alvarez* (University of Chicago), David Argente (Yale University), Thomas J. Sargent (New York University)
Discussant: Jonathan Adams* (Federal Reserve Bank of Kansas City)

3:30 - 4:00 PM

Break

4:00 - 5:00 PM

“Sophisticated Borrowing Constraints and Macroeconomics Dynamics”

Mahdi Ebsim (New York University), Chen Lian (University of California, Berkeley), Yueran Ma (University of Chicago), Pablo Ottonello (Federal Reserve Bank of Minneapolis), Diego Perez* (New York University)

Discussant: Thomas Drechsel* (University of Maryland)

6:30 PM

Dinner - ZINC, 964 Chapel Street
Friday, June 5

8:30 - 9:15 AM

Breakfast

9:15 - 10:15 AM

“Welfare Cost of Inflation in Production Networks”

Hassan Afrouzi (Columbia University), Saroj Bhattarai* (University of Texas at Austin), Edson Wu (Federal Reserve Board)
Discussant: Mishel Ghassibe* (CREi)

10:15 - 11:15 AM

“Accounting for Credibility:  Fiscal-Monetary Interactions and the Credibility of Central Bank Mandates”

Luigi Bocola (Stanford University), Gaston Chaumont (University of Rochester), Alessandro Dovis (University of Pennsylvania), Rishabh Kirpalani* (University of Wisconsin)
Discussant: Hassan Afrouzi* (Columbia)

11:15 - 11:30 AM

Break

11:30 - 12:30 PM

“Micro Shocks and Macro Fluctuations in the Information Network”

Zhen Huo* (Yale University), Minghao Li (Peking University), Jieran Wu (Zhejiang University), Huan Xiong (Harbin Institute of Technology)

Discussant: Venky Venkateswaran* (New York University)

12:30 - 2:00 PM

Lunch

* Speaker

Participants

Jonathan Adams
(Kansas City FRB)

Hassan Afrouzi
(Columbia University)

Fernando Alvarez
(University of Chicago)

George-Marios Angeletos
(Northwestern University)

David Argente
(Yale University)

Wonwoo Bae
(Yale University)

Saroj Bhattarai
(University of Texas at Austin)

Corina Boar
(New York University)

Eduardo Davila
(Yale University)

Olivia Ding
(Yale University)

Alessandro Dovis
(University of Pennsylvania)

Thomas Drechsel
(University of Maryland & NBER)

Carlos Esquivel
(Rutgers University)

Matthew Famiglietti
(Yale University)

Ana Cecilia Fieler
(Yale University)

Joel Flynn
(Yale University)

Xavier Gabaix
(Harvard)

Luca Gagliardone
(Yale University)

Mishel Ghassibe
(CREi, UPF & BSE)

Joao Guerreiro
(UCLA & Fed Minneapolis)

Jonathon Hazell
(London School of Economics)

Zhen Huo
(Yale University)

Sasha Indarte
(Wharton, UPenn)

Rishabh Kirpalani
(University of Wisconsin-Madison)

Abigail Kuchek
(Yale University)

Sun Kyoung Lee
(University of Michigan)

Chen Lian
(UC Berkeley)

Lukas Mann
(Arizona State University)

Davide Melcangi
(Federal Reserve Bank of New York)

Geert Mesters
(FRB New York)

Stephen Morris
(Yale University)

Anton Nakov
(European Central Bank)

Antonio Labate Notarangeli
(Yale University )

Aleksei Oskolkov
(Princeton University)

Pablo Ottonello
(University of Maryland)

Dimitris Papanikolaou
(Northwestern)

Jonathan Parker
(MIT)

Diego Perez
(New York University)

Michael Peters
(Yale University)

Gabriel Chodorow-Reich
(Harvard University)

Maria Alejandra Rodriguez
(Yale University)

Sergio Cristian Salgado Ibanez
(University of Pennsylvania)

Karthik Sastry
(Princeton University)

Lawrence Schmidt
(MIT)

Diana Van Petten
(Yale University)

Vaidya Venkateswaran
(NYU Stern)

Meili Wang
(Yale University)

Seung Yong Yoo
(Yale University)

Julie Zhu
(Yale University)

Frequently Asked Questions

How can I connect to the Yale Wi-Fi network while attending a conference?

Yale provides visitors two Wi-Fi network options:

  • YaleGuest
  • Eduroam

YaleGuest is a public, insecure wireless network available for anyone’s use, but has limited network access. Due to security reasons, certain programs and functionality may not be accessible via the YaleGuest network, e.g., Dropbox, Skype, and Box.

If possible, we recommended you use the Eduroam wireless network. Eduroam (education roaming) is a secure, world-wide roaming access service that allows students, researchers and staff from participating institutions to obtain Internet connectivity across campuses when visiting other participating institutions.

If your institution is a partner, access the Eduroam network by selecting Eduroam from the Wi-Fi list on your mobile device and sign-in using your home institution’s credentials*. View Eduroam’s complete listing of U.S. participating schools; International visitors can look for institutional listings on this country page.

For additional details, please contact your institution’s IT department or search your institution’s support page.

*Credential format is typically ID@UniversityName.edu, e.g., YaleNetID@yale.edu or SUNetID@win.stanford.edu.

How do I get to the conference location from the Blake Hotel?

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 20 minute walk from the Blake Hotel. The easiest route to SOM from the Blake Hotel is to go south-east on George Street and turn left on Temple St. Temple will merge into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

How do I get to the conference location from the Omni Hotel?

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 15 minute walk from the Omni Hotel. The easiest route to SOM from the Omni Hotel is to go north on Temple St. which merges into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

What can I do in New Haven during my stay?

Yale and New Haven offer many attractions to bide your time while in the Elm City. Below is a list of a few:

Yale Attractions

New Haven Attractions

Performing Arts

 

Where can I find a campus map?

The Cowles Foundation is located in the heart of Yale’s campus at 30 Hillhouse Avenue. Use the Yale campus map to help find your way around.

Who do I contact in case of an emergency?

In cases of emergency, contact the appropriate department listed below:

You can also report a crime or send an anonymous text tip through our Bulldog Mobile (LiveSafe) app. (To register for Bulldog Mobile please visit the Yale LiveSafe page)

For addtional emergency information, visit the Yale Emergency Management website.

Cowles Summer Conferences at Yale SOM