On September 16-17, 2021, PSE – Paris School of Economics organized the 2021 edition of the PSE Macro Days: the Annual Conference of the “International Macroeconomics” Chair, Banque de France – PSE was held on September 16 and the Annual Conference of the “Macroeconomic Risk” Chair, SCOR – PSE was held on September 17.

You can find the replay of all the presentations held during the event:

Thursday September 16th

Session I: Annual Conference of the “International Macroeconomics” Chair, Banque de France – PSE

  • Welcome address by Jean-Olivier Hairault, Director of PSE – Paris School of Economics
  • Florin Bilbiie: “Aggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier”
  • Ambrogio Cesa-Bianchi: “The Transmission of Keynesian Supply Shocks”
  • Sebnem Kalemli-Ozcan: “COVID-19 and SME Failures”
  • Joachim Jungherr: “Corporate Debt Maturity Matters for Monetary Policy”
  • Keynote Lecture by Olivier Blanchard: “Ongoing thoughts about fiscal policy”
  • Policy panel
    Participants: Agnès Bénassy-Quéré (PSE, French Treasury), Olivier Garnier (Banque de France), Sebnem Kalemli-Ozcan (University of Maryland), Ricardo Reis (LSE)
    Chair: Tobias Broer (PSE, University Paris 1 Panthéon-Sorbonne)

Friday September 17th

Session II: Annual Conference of the “Macroeconomic Risk” Chair, SCOR – PSE

  • Welcome address by Philippe Trainar, Director of the SCOR Foundation for Science
  • Olivier Loisel: “A Model of Post-2008 Monetary Policy”
  • Saki Bigio: “A Model of Credit, Money, Interest, and Prices”
  • Alberto Martin: “Falling Interest Rates and Credit Misallocation: Lessons from General Equilibrium”
  • Olivier Coibion: “The Effect of Macroeconomic Uncertainty on Household Spending”
  • Dmitriy Sergeyev: “Zero Lower Bound on Inflation Expectations”


More information about this event on this page