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            |  9:00 a.m.  | 
             Continental breakfast  | 
           
          
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            |  9:30 a.m.  | 
            
                Stepping on a rake: When monetary policy can cause recessions, but not control inflation 
                 Christopher Sims, Princeton University 
                Discussants:  John Leahy, New York University  
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            |  10:40 a.m.  | 
            
                Coffee break   | 
           
          
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            |  11:00 a.m.  | 
            
                Information Constrained State-Dependent Pricing   
                 Michael Woodford, Columbia University 
                Discussant:  Alexander Wolman, Federal Reserve Bank of Richmond 
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             | 
           
          
            |  12:10 p.m.  | 
            
                Lunch   | 
           
          
             | 
           
          
            |  1:20 p.m.  | 
            
                Aggregation and the PPP Puzzle in a Sticky Price Model   
                 Carlos Carvalho, Federal Reserve Bank of New York Fernanda Nechio, Princeton University  
                Discussant:  Roberto Chang, Rutgers University 
              | 
           
          
             | 
           
          
            |  2:30 p.m.  | 
            
                Coffee break  
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             | 
           
          
            |  2:50 p.m.  | 
            
                Robust Learning Stability with Operational Monetary Policy Rules   
                 George Evans, University of Oregon Seppo Honkapohja, University of Cambridge and Bank of Finland  
                Discussant:  Stefano Eusepi, Federal Reserve Bank of New York  | 
           
          
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             | 
           
          
            | 4:00 p.m. | 
            Coffee break  | 
           
          
             | 
             | 
           
          
            | 4:20 p.m.  | 
            
                Macroeconomic Dynamics in the Euro Area   
                 Jean Boivin, HEC Montreal Marc Giannoni, Columbia University Benoit Mojon, Federal Reserve Bank of Chicago and ECB  
                Discussant:  Alexei Onatski, Columbia University  | 
           
          
             | 
             | 
           
          
            |  5:30 p.m.  | 
            
               Adjourn   | 
           
          
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