Friday, Sept. 21, 2017
Oklahoma City, Oklahoma

The Oklahoma City Branch of the Federal Reserve Bank of Kansas City hosted research economists from across the Federal Reserve System and other central banks at the Federal Reserve System Energy Meeting in September. For more information, contact Nida Cakir Melek.

Agenda

8:00 a.m. Session 1: Oil and the Macroeconomy
Chair: Nida Cakir Melek

“Asymmetric Responses of Consumer Spending to Energy Prices: The Role of Information and News Coverage”
Edward Knotek and Saeed Zaman, Federal Reserve Bank of Cleveland

Discussant: Karel Mertens, Federal Reserve Bank of Dallas

8:40 a.m. “Learning in the Oil Futures Markets: Evidence and Macroeconomic Implications”

Sylvain Leduc, Bank of Canada
Kevin Moran, Université Laval
Robert J. Vigfusson, Federal Reserve Board of Governors

Discussant: Brent Bundick, Federal Reserve Bank of Kansas City

9:20 a.m. “Oil Price Pass-through into Core Inflation”
Cristina Conflitti, Banca d’Italia
Matteo Luciani, Federal Reserve Board of Governors

Jonas Arias, Federal Reserve Bank of Philadelphia

10:15 a.m. Session 2: Oil and Business Dynamics

Chair: Martin Stuermer

“Firm Dynamics and Local Economic Shocks Evidence from the Shale oil and Gas Boom”
Ryan A. Decker, Federal Reserve Board of Governors
Meagan McCollum, Baruch College
Gregory B. Upton, Louisiana State University

Discussant: Huiyu Li, Federal Reserve Bank of San Francisco

10:55 a.m. “De-leveraging or De-risking? How Banks Cope with Loss”
Rhys M. Bidder, John R. Krainer and Adam H. Shapiro, Federal Reserve Bank of San Francisco

Discussant: Christoffer Koch, Federal Reserve Bank of Dallas