Saturday, October 28, 2017
Chair: O. de Groot
Pablo Winant "Back in Time. Fast. Improved Time Iterations."
Oliver de Groot "
What order? Perturbation methods for stochastic volatility asset pricing and business cycle models
Chair: D. Bergholt
Tianxiao Zheng, Paul Luk "Foreign Direct Investment and Debt Financing in Emerging Economies"
Drago Bergholt "
Optimal price stability for commodity producers: The role of term of trade shocks
Chair: J. Quintana
Jorge Quintana, Michael Binder, Volker Wieland, Philipp Lieberknecht "Robust Macro-Prudential and Regulatory Policies under Model Uncertainty"
Caterina Mendicino, Kalin Nikolov, Javier Suarez, Dominik Supera "Bank Capital in the Short and in the Long Run"
Risk and uncertainty
Chair: J.C. Parra Alvarez
Stéphane Lhuissier, Fabien Tripier "
Do Uncertainty Shocks always Matter for Business Cycles?
Efrem Castelnuovo, Giovanni Pellegrino "
Uncertainty-driven Comovements in Booms and Busts
Juan Carlos Parra Alvarez, Olaf Posch, Hamza Polattimur "Risk Matters: Breaking Certainty Equivalence"
Inflation, estimation and identification
Chair: A. Meyer-Gohde
Willi Mutschler "Identification of linear and non-Gaussian DSGE models: A Review"
Yasufumi Gemma, Takushi Kurozumi, Mototsugu Shintani "Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve"
Alexander Meyer-Gohde, Martin Kliem, Stéphane Moyen "(Un)expected Monetary Policy Shocks and Term Premia: A Bayesian Estimated Macro-Finance Model"
Macroeconomic stability and government spending
Chair: Y. Hirose
Hilde Bjornland, Vegard Larsen, Junior Maih "Oil andmacroeconomic (in)stability"
Yasuo Hirose, Takushi Kurozumi, Willem Van Zandweghe "Monetary Policy and Macroeconomic Stability Revisited"
Interest rate and monetary policy
Chair: A. Marsal
Jing Wu, Ji Zhang "
A shadow rate New Keynesian model
Andrew Bining, Hilde Bjornland, Junior Maih "Is monetary policy always effective? Incomplete interest rate pass-through in a DSGE model"
Ales Marsal "
Government Spending and the Term Structure of Interest Rates in a DSGE Model
Chair: F. Furlanetto
Jonathan Swarbrick "
Adverse Selection and Financial Crises
Paolo Gelain, Claudia Foroni, Massimiliano Marcellino "DSGE models with financial frictions: Frequency does matter"
Francesco Furlanetto, Paolo Gelain, Antoine Lepetit "Explaining the Irrelevance of Labor Market Shocks in the Financial Accelerator Model"
Chair: T. Nakata
Marcin Bielecki, Michał Brzoza-Brzezina, Marcin Kolasa "The demographic transition and monetary policy in a small open economy"
Jinill Kim, Francisco Ruge-Murcia "
Extreme Events and Optimal Monetary Policy
Taisuke Nakata, Sebastian Schmidt, Paul Yoo "
Attenuating the Forward Guidance Puzzle: Implications for Optimal Monetary Policy
Sunday, October 29, 2017
Technological change and location
Chair: Y. Tsai
Alex Trew "
Endogenous Infrastructure Development and Spatial Takeoff
Francesco Ravazzolo "
Markov Switching Panel with Network Interaction Effects
Yi-Chan Tsai, C.C. Yang, Hsin-Jung Yu "
Investment-specific technological change, rising wage inequality, and dynamic Mirrleesian taxation
Chair: B. Durdu
Elisabeth Pröhl "
Discretizing the Infinite-Dimensional Space of Distributions to Approximate Markov Equilibria with Ex-Post Heterogeneity and Aggregate Risk
Sergei Seleznev "A Note on Bayesian Estimation of DSGE Models Using Particle Filters"
Oliver de Groot, Bora Durdu, Enrique Mendoza "
Global v. Local Methods in the Analysis of Open-Economy Models with Incomplete Markets
Macroeconomics and uncertainty
Giovanni Caggiano, Efrem Castelnuovo, Silvia Delrio, Tim Robinson "Time-Dependent Finance-Uncertainty Multipliers"
Diego Vilan "Demand Shocks and Endogenous Uncertainty"
Michael Donadelli, Marcus Jüppner, Antonio Paradiso, Christian Schlag "
Temperature Volatility Risk, Macroeconomic Fluctuations, and Asset Prices
Wages and labor market
Camilo Morales-Jimenez "
The Cyclical Behavior of Unemployment and Wages under Information Frictions
Cristiano Cantore, Filippo Ferroni, Miguel León-Ledesma "
The Missing Link: Labor Share and Monetary Policy
Unconventional monetary policy
Chair: D. Quint
Saroj Bhattarai "
Some Unpleasant Central Bank Balance Sheet Arithmetic
Matthieu Darracq Pariès "
The optimal conduct of central bank asset purchases
Dominic Quint, Pau Rabanal "Should unconventional monetary policies become conventional?"
Announcements and uncertainty
Chair: Y. Koike
Saroj Bhattarai, Arpita Chatterjee, Woong Yong Park "Global Spillover Effects of US Uncertainty"
Benjamin Born, Gernot Mueller, Johannes Pfeifer "Uncertainty shocks in currency unions"
Yasutaka Koike, Yoshihiko Hogen "Effects of Consumption Tax Hike Announcements: Lesson from Japan"
Fiscal policy and multicountry models
Chair: M. Giovannini
Giuseppe Fiori, Domenico Ferraro "
"The Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks"
Eric Leeper, Bing Li "On the Bias in Estimates of Fiscal Policy Behavior"
Massimo Giovannini, Alice Albonico, Filippo Ferroni, Stefan Hohberger, Beatrice Pataracchia, Filippo Pericoli, Marco Ratto "
Comparing EA economies with structural estimated models
Information, indeterminacy and solution techniques
Chair: R. Bidder
Thomas Lubik, Christian Matthes, Elmar Mertens "
Indeterminacy and Imperfect Information
Rhys Bidder "DSGEn: A toolkit for solving DSGE models"
Donghoon Yoo "Ambiguous Information, Permanent Income, and Consumption Fluctuations"
Chair: S. Kitano
Scott Davis, Michael Devereux "
Cooperation or Competition in Capital Controls
Josef Hollmayr "Fiscal Regimes and Debt Limits"
Shigeto Kitano, Kenya Takaku "
Capital Controls, Macroprudential Regulation, and the Bank Balance Sheet Channel