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New Developments in DSGE Models

Date(s)
Friday 4th December 2009 (10:30-17:30)
Description

This Event has been completed. You can download the programme presentations and discussants comments.

Organised by the Centre for Finance and Credit Markets, ÀÖ²¥´«Ã½ and we are grateful for co-funding from the Money, Macro and Finance Research Group and the School of Economics, ÀÖ²¥´«Ã½.

Location: Machicado Suite, Willoughby Hall, ÀÖ²¥´«Ã½, University Park, ÀÖ²¥´«Ã½, NG7 2RD.  Willoughby Hall is situated near the University’s west entrance.

Programme

10.30-11.00: Welcome and coffee

Morning session

11.00-12.30: Chair: Spiros Bougheas (ÀÖ²¥´«Ã½)

“Model Uncertainty, Precautionary Learning and Welfare”
Konstantinos Angelopoulos and James Malley (University of Glasgow)

Discussant: Efrem Castelnuovo (University of Padua)

Forecasting with DSGE Models” Kai Christoffel, Günter Coenen and Anders Warne (European Central Bank),

Discussant: Richard Anderson (St. Louis Fed)

12.30-14.00: Buffet Lunch

Afternoon sessions

14.00-15.30: Chair: Paul Mizen (ÀÖ²¥´«Ã½)

“Non Causal Inflation Persistence’’ Martin Ellison (Oxford University), Markku Lanne (University of Helsinki), Antti Ripatti (Bank of Finland) and Pentti Saikkonen (Univesity of Helsinki)

Discussant: Hashmat Khan (Carleton University)

Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model
Ferre De Graeve (Federal Reserve Bank of Dallas), Maarten Dossche (National Bank of Belgium), Marina Emiris (National Bank of Belgium), Henri Sneessens (Catholic University of Louvain-La-Neuve), Raf Wouters (National Bank of Belgium)

Discussant: Christos Koulovatianos (ÀÖ²¥´«Ã½)

15.30-16.00: Coffee break

16.00-17.30: Chair: Marta Aloi (ÀÖ²¥´«Ã½)

Investment Shocks and the Comovement Problem
Hashmat Khan (Carleton University), John Tsoukalas (ÀÖ²¥´«Ã½)

Discussant: Panayiotis Pourpourides (Cardiff Business School)

Wage Rigidities in an Estimated DSGE model of the UK Labour Market
Renato Faccini, Stephen Millard and Francesco Zanetti (Bank of England)

Discussant: Yoshi Morozumi (ÀÖ²¥´«Ã½)

Keynote speech

“The Ongoing Forces behind the Financial Crisis of 2008” Paul Beaudry (University of British Columbia and Oxford)

Centre for Finance, Credit and Macroeconomics

Sir Clive Granger Building
ÀÖ²¥´«Ã½
University Park
ÀÖ²¥´«Ã½, NG7 2RD