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2026 Conference

University of Rome Tor Vergata CEIS
Princeton University Bendheim Center for Finance

Macro, Money and International Finance

Villa Mondragone · Monte Porzio Catone, Rome

May 18–19, 2026

Organizers: Andrey Alexandrov, Markus Brunnermeier, Goutham Gopalakrishna, Sebastian Merkel


(By Invitation Only)

Program

Monday, May 18, 2026
9:00 – 9:30 AM · Registration & Welcome Coffee
9:30 – 11:00 AM · Fiscal Policy & Price Stability
11:00 – 11:20 AM · Coffee Break
11:20 AM – 12:50 PM · Intermediation and International Finance
  • “Bank Regulation and Financial Resilience”
    Presenter: Goutham Gopalakrishna (University of Toronto), joint with Markus Brunnermeier and Sebastian Merkel
    Discussion leader: Paymon Khorrami (Duke Fuqua School of Business)
  • “Intermediary Constraints and International Safe Asset Premia”
    Presenter: Xitong Hui (Chinese University of Hong Kong, Shenzhen), joint with Chang He
    Discussion leader: Cosimo Petracchi (Tor Vergata University of Rome)
12:50 – 2:20 PM · Lunch & PhD Poster Session
  • “Fiscal Insurance”
    Presenter: Filippo Cavaleri (University of Chicago)
  • “Taming Black Swans: Monetary Policy in the Presence of Tail Risks”
    Presenter: C. Christopher Hyland (University of Oxford)
  • “Our Deficit, Your Problem: Fiscal Sustainability, Exchange Rates, and Inflation”
    Presenter: Tobias Kawalec (University of Oxford), joint with C. Christopher Hyland
  • “Negative Bond-Stock Beta and Positive Term Spread”
    Presenter: Federico Marciano (Stanford University)
2:20 – 3:50 PM · Quantitative Easing & Asset Markets
7:30 PM · Conference Dinner
Tuesday, May 19, 2026
9:00 – 11:15 AM · Money, Credit and Macroeconomic Dynamics
11:15 – 11:35 AM · Coffee Break
11:35 AM – 1:05 PM · Information & Asset Pricing
1:05 – 2:20 PM · Lunch
2:20 – 3:50 PM · Term Structure & Financial Conditions


Register Here