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 |
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 |