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6th Dynare Conference, 3–4 June 2010

 

6th Dynare Conference
June 3–4, 2010
Gustavelund, Tuusula, Finland

 

The 6th annual Dynare Conference will be held in Helsinki on June 3-4, 2010. The conference is organised by the Bank of Finland together with DSGE-net and the Dynare project at the CEPREMAP. 
Organizers: Michel Juillard (Bank of France and CEPREMAP), Juha Kilponen (ECB and Bank of Finland), Antti Ripatti (Bank of Finland) and Jouko Vilmunen (Bank of Finland). 
 

 Programme

 
TAB WEBPART
 

 Wednesday 2 June

 
18.00 Get together and buffet dinner
18.00–19.00
 
  
Presentation
Houtan Bastani, Michel Juillard  and Sébastien Villemot: 
Dynare Questions and Answers
Sébastien Villemot:
Recent Dynare developments
 
 

 Thursday 3 June

 
8.45 Opening
9.00–11.00 Parallel sessions A
Session A1 Fiscal policy
(1)
*Cristina Badarau & Grégory Levieuge:
Macroeconomic policies to mitigate the financial heterogeneity in the euro area
Discussant: Martin Kliem
(2)
Martin Kliem:
Implementable fiscal policy rules
Discussant: Paul McNelis
(3)
*Massimiliano Pisani & Lorenzo Forni:
Fiscal policy in open economies: estimates for the euro area
Discussant: Cristina Badarau
Session A2 Housing and collateral constraints
(1)
Ivan Jaccard:
Asset pricing and housing supply in a production economy
Discussant: Tomi Kortela
(2)
Tomi Kortela:
Do credit shocks matter for aggregate consumption?
Discussant: Galo Nuño
Session A3 Identification
(1)
*Marco Ratto & Nikolai Iskrev:
Computational advances in analyzing identification of DSGE models
Discussant: František  Brázdik
(2)
Michal Andrle:
Note on identification patterns in DSGE models
Discussant: Marco Ratto
(3)
Efrem Castelnuovo:
Monetary policy shocks, Cholesky identification and DNK models; an empirical investigation for the U.S.
Discussant: Michal Andrle
11.00–11.30 Coffee break
11.30–12.30 Plenary session
 
Fabio Canova:
Measurement with some theory: A new approach to evaluate business cycle models
13.00–14.00 Lunch
14.00–16.00 Parallel sessions B
Session B1 Risk premia
(1)
*Stephan Fahr & Mirko Abbritti:
Macroeconomic implications of downward wage rigidities
Discussant: Scott Davis
(2)
Scott Davis:
The adverse feedback loop and the real effects of financial sector uncertainty
Discussant: Stephan Fahr
Session B2 Oil
(1) 
 
*Galo Nuño & Anton Nakov:
Oilgopoly: A general equilibrium model of the oil-macroeconomy nexus
Discussant: Michel Juillard
(2)
*Arnoud Stevens & Gert Peersman:
Oil demand and supply shocks: An analysis in an estimated DSGE model
Discussant: Massimiliano Pisani
Session B3 Inflation
(1)
*Magali Marx & Jean Barthélemy:
A discrete monetary policy framework: An application to the Japanese case
Discussant: Pablo Burriel
(2)
*Pablo Burriel & Luis J. Álvarez:
Micro-based estimates of heterogeneous pricing rules: The United States vs euro area
Discussant: Efrem Castelnuovo
(3)
*Antti Ripatti & Martin Ellison & Pentti Saikkonen & Markku Lanne:
Non-causal inflation
Discussant: Christian Matthes
16.00–16.30 Coffee break
16.30–18.30 Parallel sessions C
Session C1 Banks and the macroeconomy
(1)
*Pawel Zabczyk & Martin Andreasen & Marcelo Ferman:
The business cycle implications of bank's maturity transformation
Discussant: Hongru Zhang
(2)
*Olivier Pierrard & Gregory de Walque:
Banking shock and monetary reactions in a New-Keynesian model
Discussant: Marcel Ferman
(3)
Hongru Zhang:
On the role of financial sector shocks to aggregate fluctuations
Discussant: Olivier Pierrard
Session C2 Monetary policy and beliefs
(1)
Gabriela Best:
Policy preferences and policymakers' beliefs: The causes of the Great Inflation in the U.S.
Discussant: Juha Kilponen
(2)
*Paolo Gelain & Arnab Bhattacharjee:
Forecast performance of the FOMC: A Bayesian analysis
Discussant: Martin Ellison
(3)
Christian Matthes:
Figuring out the Fed – beliefs about policymakers and gains from transparency
Discussant: Gabriela Best
Session C3 Regime switch models
(1)
František Brázdik:
Announced regime switch: Optimal policy for transition period
Discussant: Martina Cecioni
(2)
*Paul McNelis & K. Chow:
Need Singapore fear floating: A DSGE-VAR approach
Discussant: Markus Haavio
19.00–22.00 Conference Dinner at Villa Kokkonen
 

 Friday 4 June

 
9.00–11.00 Parallel sessions D
Session D1 Non-linear methods
(1)
Martin Andreasen:
Non-linear DSGE models and the optimized particle filter
Discussant: Ingvar Strid
(2)
*Ingvar Strid & Paolo Giordani & Robert Kohn:
Adaptive hybrid MCMC for DSGE models
Discussant: Martin Andreasen
(3)
*Pawel Zabczyk & Martin Andreasen:
An efficient method of computing higher order bond price perturbation approximations
Discussant: Tarik Ocaktan
Session D2 Investments and business cycle fluctutations
(1)
 
*Martin Seneca & Francesco Furlanetto:
New perspectives on depreciation shocks as a source of business cycle fluctuations
Discussant: Antti Ripatti
(2)
*Takushi Kurozumi & Yasuo Hirose:
Do investment-specific technological changes matter for business fluctuations: Evidence from Japan
Discussant: Kai Christoffel
(3)
Hanna Freystätter:
Financial frictions and disturbances in Finland
Discussant: Takushi Kurozumi
Session D3 Labour markets
(1)
*Juuso Vanhala & Stephan Fahr:
Offshoring and domestic labour markets: A matching model of outsourcing
Discussant: Francesco Furlanetto
(2)
*Renato Faccini & Stephen Millard & Francesco Zanetti:
Wage rigidities in an estimated DSGE model of the UK labour market
Discussant: Arnoud Stevens
11.00–11.30 Coffee break
11.30–12.30 Plenary session
 
Thomas J. Sargent:
Career length: Effects of curvature of earnings profiles, earnings shocks, and social security
13.00–14.00 Lunch
14.00–16.00 Parallel sessions E
Session E1 Monetary transmission and business cycles in the euro area
(1)
*Martina Cecioni & Stefano Neri:
The monetary transmission mechanism in the euro area: Has it changed and why?
Discussant: Ivan Jaccard
(2)
*Kai Christoffel & Günter Coenen & Anders Warne:
Forecasting with DSGE Models
Discussant: Paolo Gelain
(3)
*Francesco Furlanetto & Martin Seneca:
Investment-specific shock and consumption
Discussant: Hanna Freystätter
Session E2 Zero lower bound
(1)
Ragna Alstadheim:
The zero lower bound and neo-classical Phillips curve
Discussant: Pascal Jacquinot
(2)
Rossana Merola:
Financial accelerator and the zero lower bound on interest rates
Discussant: Ragna Alstadheim
(3)
*Pascal Jacquinot & Sandra Gomes & Ricardo Mestre & Joao Sousa:
Global policy and the zero lower bound in a large-scale DSGE model
Discussant: Rossana Merola
Session E3 New directions for research
(1)
Galo Nuño:
Optimal research and development expenditure: a general equilibrium approach
Discussant: Tanja Tanayama
(3)
Tarik Ocaktan:
Can lower order perturbation methods accurately describe wealth dynamics
Discussant: Pawel Zabczyk
16.00 End of the conference
 

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