08:45–09:10
Keynote address
Sanjay Malhotra (Reserve Bank of India)
Conference program
Reykjavík Economic Conference 2026
Co-sponsored with the Central Bank of Iceland.
Thursday, May 28, 2026
09:10–09:55
Beyond the Taylor Rule
E. Nakamura, V. Riblier, and J. Steinsson
Presented by Emi Nakamura (University of California, Berkeley)
Discussant: Ricardo Reis (London School of Economics)
10:15–11:00
Inflation Expectations and Wage Price Spirals
P. Beaudry, C. Hou, and F. Portier
Presented by Franck Portier (University College London)
Discussant: Jón Steinsson (University of California, Berkeley)
11:00–12:15
Panel: Currencies — Buffers or Amplifiers of Shocks?
Thórarinn G. Pétursson (Central Bank of Iceland)
Martin Schlegel (Swiss National Bank)
Gazi İshak Kara (Central Bank of the Republic of Türkiye)
Per Jansson (Sveriges Riksbank)
12:55–13:30
Keynote: Productivity Growth and the Challenge of Real-Time Policymaking
John C. Williams (Federal Reserve Bank of New York)
13:30–14:15
Forecasting Inflation with Microdata: An Adaptive Machine Learning Approach
C. Chen, C. Gao, J. Hazell, L. Lei, and C. Lian
Presented by Chen Lian (University of California, Berkeley)
Discussant: Gabriel Chodorow-Reich (Harvard University)
14:15–14:40
Keynote: How Should the Promise of Higher Productivity Growth Change the Reality of Monetary Policy Today?
Alberto Musalem (Federal Reserve Bank of St. Louis)
15:00–15:45
Dollar Dominance and the Transmission of Monetary Policy
M. McLeay and S. Tenreyro
Presented by Michael McLeay (Bank of England)
Discussant: Lawrence Christiano (Northwestern University)
15:45–16:50
Panel: Voices of the Market — The Outlook and Key Risks
Reinhard Cluse (UBS)
Beata Javorcik (European Bank for Reconstruction and Development)
Mahmood Pradhan (Bruegel)
Hafsteinn Hauksson (Kvika Bank)
Friday, May 29, 2026
09:10–09:35
Keynote: Remaining Anchored — Monetary Policy in an Unpredictable World
Andrew Bailey (Bank of England)
09:35–10:05
Reconciling Macro and Finance: The U.S. Corporate Sector, 1929–2023
F. Perri, A. Atkeson, and J. Heathcote
Presented by Fabrizio Perri (Federal Reserve Bank of Minneapolis)
10:25–10:50
Keynote: The Local and the Global in Monetary Policy
Jeffrey Schmid (Federal Reserve Bank of Kansas City)
10:50–12:05
Panel: Keeping Inflation in Check — Price Stability under Fundamental Uncertainty
Signe Krogstrup (Danmarks Nationalbank)
Ida Wolden Bache (Norges Bank)
Dimitar Radev (Bulgarian National Bank)
Dániel Palotai (Central Bank of Hungary)
12:50–13:15
Keynote: A Framework for Practical Monetary Policy Decision Making
Michelle Bowman (Federal Reserve Board)
13:15–14:20
Panel: Financial Stability — The Big Leap or a Bubble?
Tómas Brynjólfsson (Central Bank of Iceland)
Madis Müller (Bank of Estonia)
Jason Wu (International Monetary Fund)
14:20–15:05
The Great Game: A Model of Geoeconomic Competition
C. Clayton, M. Maggiori, and J. Schreger
Presented by Christopher Clayton
Discussant: Jesús Fernández-Villaverde (University of Pennsylvania)
15:25–16:10
The Race Between Asset Supply and Asset Demand
A. Auclert, H. Malmberg, M. Rognlie, and L. Straub
Presented by Ludwig Straub (Harvard University)
Discussant: Alan Auerbach (University of California, Berkeley)
16:10–16:50
Keynote and Discussion: The World Seen from Iceland
Ásgeir Jónsson (Central Bank of Iceland)
Discussion with Jón Steinsson