Monetary Economics.

• Position: Program and Working Group Meetings

Members of the NBER's Monetary Economics Program met March 11 in Cambridge and online. Faculty Research Fellow Ludwig Straub of Harvard University and Research Associate Jing Cynthia Wu of the University of Notre Dame organized the meeting. These researchers' papers were presented and discussed:

* Frederic Boissay, Bank for International Settlements; Fabrice Collard, Toulouse School of Economics; Jordi Gali, CREI and NBER; and Cristina Manea, Deutsche Bundesbank, "Monetary Policy and Endogenous Financial Crises" (NBER Working Paper 29602)

* Xavier Gabaix, Harvard University and NBER, and Ralph S. J. Koijen, University of Chicago and NBER, "In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis" (NBER Working Paper 28967)

* Yuriy Gorodnichenko, University of California, Berkeley and NBER, and Dmitriy Sergeyev, Bocconi University, "Zero Lower Bound on Inflation Expectations" (NBER Working Paper 29496)

* Francesco...