Michael Bauer

@michaeldbauer.bsky.social

Economist at San Francisco Fed. Macro-finance, monetary policy, climate finance. Husband and proud dad of two. From Hamburg (Moin!)

📢Tune in to "Fed President Double Header" livestream Friday Mar-27, 8:30am PT, at our annual Macroeconomics and Monetary Policy Conference. First SF Fed President Daly with introductory remarks, then Philadelphia Fed President Anna Paulson with the keynote address. www.frbsf.org/news-and-med...

Remarks from Anna Paulson, Philadelphia Fed President and CEO, at the Macroeconomics and Monetary Policy Conference - San Francisco Fed

Remarks from Anna Paulson, President and CEO of the Federal Reserve Bank of Philadelphia, at the 2026 Macroeconomics and Monetary Policy Conference.

frbsf.org

We launched the Center for Monetary Research about one year ago. The first year brought a flurry of activities, research, and new data&indicators. Special highlight: Adrien Auclert receiving the inaugural Janet Yellen Award! My blog post has a review and outlook: www.frbsf.org/research-and...

The Center for Monetary Research: First Year in Review - San Francisco Fed

To mark the first year since the Center for Monetary Research’s launch, the San Francisco Fed reviews the Center’s research activities and events.

frbsf.org

We hope you had a nice summer, the Virtual Seminar on Monetary Economics is now in session! Please join us this Thursday at 8am PT / 11am ET for our first seminar! Zoom webinar registration here: cepr-org.zoom.us/webinar/regi...

Centre for Economic Policy Research@cepr.org · last yr.

The Virtual Seminars on Monetary Economics, hosted by CEPR & the San Francisco Fed start this week! Session 1: 4 Sept 17:00 CEST @ivanwerning.bsky.social @mit.edu Topic: Tariffs as Cost-Push Shocks: Implications for Optimal #MonetaryPolicy Sign up: cepr.org/events/event... #EconSky #EconConf

Interested in top-notch research in monetary economics? Join us for this new online seminar series, co-hosted CEPR's Monetary Economics and Fluctuations program and our Center for Monetary Research! @ivanwerning.bsky.social will kick things off on Sep-4. Sign up: cepr-org.zoom.us/webinar/regi...

Centre for Economic Policy Research@cepr.org · last yr.

New Virtual Seminar series on #MonetaryEconomics begins September 2025, joint with the Center for Monetary Research of the Federal Reserve Bank of San Francisco. Monthly sessions explore central bank frameworks, policy design, and international dimensions. More: cepr.org/events/event... #EconSky

🚨Friendly reminder that Saturday, May 31 is the deadline to submit (a) papers to our fall macro-finance conference and (b) nominations for the new Janet Yellen Award for Monetary Research, both initiatives of our new Center for Monetary Research. Details are here: www.frbsf.org/news-and-med...

Call for Papers: 2nd Annual Conference on Macro-Finance Research - San Francisco Fed

Submissions due by May 31, 2025, for the 2nd Annual Conference on Macro-Finance Research, to be held in San Francisco on October 10, 2025.

frbsf.org

📢Call for Nominations📢 The SF Fed and its Center for Monetary Research are launching the new Janet Yellen Award! This award will be given annually to an exceptional early-career researcher who has made significant and policy-relevant contributions to macro-finance and/or monetary economics.

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The SF Fed's Center for Monetary Research is hosting our 2nd Annual Macro-Finance Conference this fall. If you have a recent paper on the linkages between financial markets, monetary policy, and the macroeconomy, please submit by May 31! www.frbsf.org/news-and-med...

Call for Papers: 2nd Annual Conference on Macro-Finance Research - San Francisco Fed

Submissions due by May 31, 2025, for the 2nd Annual Conference on Macro-Finance Research, to be held in San Francisco on October 10, 2025.

frbsf.org

Our Center for Monetary Research is cosponsoring a session at the 2025 CEBRA meeting. Do you have a recent working paper on international macro-finance/monetary issues? Then please submit to Session 14 of this CfP! Deadline is March 20. We look forward to your submissions! #CEBRA2025 #CFP #EconSky

Centre for Economic Policy Research@cepr.org · 2y ago

#CallForPapers for the #CEBRA2025 Annual Meeting They invite high-quality research papers on central #banking, #monetarypolicy, financial stability and related topics. Hosted by: Boston Fed and the HBS Pricing Lab D^3 Deadline: 20 March More info: cebra-events.org/call-for-pap... #EconSky

Call for Papers for: The 2025 Annual Meeting of the Central Bank Research Association (CEBRA). Co-organized with the Federal Reserve Bank of Boston and Harvard Business School, Pricing Lab, Digital Data Design Institute at Harvard (D^3). 

The submission deadline is Thursday, 20 March 2025.

Date:  Wednesday 6 August to Friday 8 August 2025
Location: Federal Reserve Bank of Boston (6 Aug) and Harvard Business School (7-8 Aug) 

The CEBRA Annual Meeting, now celebrating its tenth year, brings together practitioners to explore a wide range of pressing topics relevant to central banks, financial regulators, international financial institutions and fiscal authorities. With the input and support of almost 30 central banks, this year's call for papers ensures the sessions will be diverse, engaging and highly topical. We invite you to submit your paper and be part of this important discussion. 

The conference will showcase a keynote address by Alberto Cavallo, followed by an insightful panel on Technology and the Inflation Process, organized by Raphael Auer.  Two high-level policy panels, hosted by the Federal Reserve Bank of Boston, will further enrich the discussions.  Additionally for 2025, CEBRA is pleased to highlight a poster session designed specifically for early-career economists, providing a platform for emerging voices in the field.  The program will also feature a session by Banca d’Italia on Women in Central Banking.

The Scientific Committee is composed of Laura Alfaro (Harvard Business School), Raphael Auer (BIS Innovation Hub, CEBRA), Alberto Cavallo (Harvard Business School), Raphael Schoenle (Brandeis University, CEBRA) and Egon Zakrajšek (Federal Reserve Bank of Boston).

Kristin Forbes distills lessons for monetary policy from her research and the recent experience of central banks, using Sun Tzu's eternal classic "The Art of War" as a framework. Ingenious! (And particularly close to my own martial artist heart.) cepr.org/publications...

DP19905 The Art of Monetary Policy: Lessons from Sun Tzu for Central Banks

The 2008 Global Financial Crisis and 2020 COVID-19 pandemic forced central banks to innovate and develop a multifaceted set of new weapons that have substantially expanded their authority and reach. This lecture draws lessons for monetary policy from the last two, tumultuous decades by applying the principles of Sun Tzu, a Chinese philosopher and military strategist from the 6th century BC. Tzu proposed several key principles for success—tenets that also apply to monetary policy today: (1) planning in advance for the next battle; (2) accepting and adapting to the inevitability of powerful, external shocks; (3) establishing a strong tactical position; (4) developing a variety of weapons that can be combined for different situations and maneuvers; (5) maintaining flexibility so that you can quickly modify your strategy; and (6) considering the longer-term costs when evaluating the tradeoffs of different approaches. While the optimal strategy in both war and monetary policy is more of an “art” than a science, these principles provide insights on how central banks should deploy interest rates, balance sheets, emergency support programs, forward guidance, and macroprudential tools when battling the next crisis—as well as to build more resilient economies during more peaceful periods.

cepr.org

Submission deadline for our fixed income conference is this Friday, January 31. Our keynote speaker will be Annette Vissing-Jorgensen. If you have a new paper in this area, please consider submitting it!

Michael Bauer@michaeldbauer.bsky.social · 2y ago

🚨Call for Papers🚨 Together with the Bank of Canada and the Chicago Fed, we're organizing a Conference on #FixedIncome Research and Implications for #MonetaryPolicy on May 22-23, 2025, in San Francisco. Submissions due by January 31. More details: www.frbsf.org/news-and-med... #EconSky

On Thursday @glennrudebusch.bsky.social will present our new paper "Green stocks and monetary shocks: Evidence from Europe" in the Virtual Seminar on Climate Economics. Join us on Zoom at 11a ET! All details on the virtual seminar here: www.frbsf.org/news-and-med...

Virtual Seminar on Climate Economics - San Francisco Fed

The Virtual Seminar on Climate Economics is an online seminar series hosted by the Federal Reserve Bank of San Francisco. The seminar is open to everyone interested in research on the economics of cli...

frbsf.org

Michael Bauer@michaeldbauer.bsky.social · 2y ago

🎈New Working Paper🎈with @ericoffner.bsky.social and @glennrudebusch.bsky.social Do higher interest rates hurt the green transition? Not so obvious! Evidence from equity markets in US and EU actually shows stronger effects of monetary policy on high-carbon, brown firms. #EconSky #Climate

🎈New Working Paper🎈with @ericoffner.bsky.social and @glennrudebusch.bsky.social Do higher interest rates hurt the green transition? Not so obvious! Evidence from equity markets in US and EU actually shows stronger effects of monetary policy on high-carbon, brown firms. #EconSky #Climate

DDavid Wessel@davidmwessel.bsky.social · 2y ago

Green stocks and monetary policy shocks: Evidence from Europe. New from Michael Bauer, Eric Offner & Glenn Rudebusch. www.brookings.edu/articles/gre... Hutchins Center The Brookings Institution #EconSky

"If we don't feel stupid it means we are not really trying" Very encouraging quote from this inspiring article. The other two are also excellent! I'll add this piece of advice, which a friendly ultramarathoner once gave me: "Enjoy the highs, manage the lows!" #econsky

Science News@scinews.bsky.social · 2y ago

Three must read papers for PhD students. #scisky #PhD #science #research #academicsky 1. The importance of stupidity in scientific research Open Access journals.biologists.com/jcs/article/...