Thursday 18 October 2012

8.30–9.00​ Registration, coffee
9.00–9.15 Welcome by the Bank of Finland Jouko Vilmunen, Head of Research​
9.15–11.15 Session I​ Aspects of labour market dynamics
Chair​ Jouko Vilmunen, Bank of Finland​
Paper Presentation Labour market participation, unemployment and monetary policy
  Author(s) Alessia Campolmi, Central European University & Magyar Nemzeti Bank Stefano Gnocchi, Universitat Autònoma de Barcelona
Comments Christian Haefke, Institute for Advanced Studies, Vienna
Paper Presentation Threatening to offshore in a search model of the labour market​ 
Author(s)​ David Arseneau, Federal Reserve Board Sylvain Leduc, Federal Reserve Bank of San Francisco
Comments​ Juuso Vanhala, Bank of Finland​
11.15–11.30 Coffee break
11.30–12.30​ Paper Presentation​ Unemployment and market size ​
Author(s)​ Martin Ellison, University of Oxford Godfrey Keller, University of Oxford
Kevin Roberts, University of Oxford Margaret Stevens, University of Oxford​
Comments Marcel Jansen, Universidad Autónoma de Madrid​
12.30–14.00​ Lunch at the Bank of Finland Personnel Club
14.00–15.00 Session II Re-allocation and aggregate dynamics
Chair​ Martin Ellison, University of Oxford​
Paper Presentation​ Mismatch shocks and unemployment during the Great Recession  
Author(s) Francesco Furlanetto, Norges Bank Nicolas Groshenny, Reserve Bank of New Zealand
Comments Shigeru Fujita, Federal Reserve Bank of Philadelphia​
15.00–15.30 Coffee break
15.30–17.30  Paper Presentation Equilibrium intermediation and resource allocation with a frictional credit market
Author(s)​ José V. Rodriguez Mora, University of Edinburgh & CEPR Christian Bauer, LMU Munich
Comments​ James Costain, Bank of Spain​
Paper Presentation​ News and financial intermediation in aggregate and sectoral fluctuations 
Author(s)​ Christoph Görtz, University of Birmingham John Tsoukalas, University of Glasgow
Comments Kai Christoffel, European Central Bank​
19.00–22.00  Dinner at the Bank of Finland's Banqueting Hall
Seppo Honkapohja, Member of the Board, Bank of Finland​

Friday 19 October 2012

9.00–11.00 Session III Search frictions in financial markets
Chair​ Esa Jokivuolle, Bank of Finland​
  Paper Presentation The value of control and the costs of illiquidity​
Author(s) Rui Albuquerque, Boston University School of Management & Católica-Lisbon School of Business and Economics & ECGI & CEPR Enrique Schroth, Finance Group, University of Amsterdam
Comments​ Giovanni Calice, University of Southampton​
Paper Presentation​ Trade dynamics in the market for Federal Funds
Author(s)​ Gara Afonso, Federal Reserve Bank of New York Ricardo Lagos, New York University​
Comments Jonathan Chiu, Bank of Canada​
11.00–11.15 Coffee break
11.15–13.15 Session IV Interaction between credit markets and labour market frictions
Chair​ Juha Kilponen, Bank of Finland​
Paper Presentation Macroeconomic dynamics in a model of goods, labour and credit market frictions
 
Author(s)
Nicolas Petrosky-Nadeau, Tepper School of Business, Carnegie Mellon University Etienne Wasmer, Sciences Po Paris & CEPR & IZA
  Comments Francesco Furlanetto, Norges Bank
Paper Presentation Aggregate implications of financial and labour market frictions
Author(s)​ Andrea Caggese, Universitat Pompeu Fabra & Barcelona GSE Ander Perez, Universitat Pompeu Fabra & Barcelona GSE
Comments​ Andreas Westermark, Sveriges Riksbank​
13.15–14.45   Closing words followed by lunch