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Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models

October 9-10, 2009
Philadelphia, PA

Agenda

Friday, October 9, 2009

9:00 a.m.

Bartosz Mackowiak (ECB) and Mirko Wiederholt (Northwestern): "Business Cycle Dynamics under Rational Inattention"

Discussant: Andrea Tambalotti

10:00 a.m.

Coffee Break

10:30 a.m.

Hafedh Bouakez, Emanuela Cardia, and Francisco Ruge-Murcia (University of Montreal): "Sectoral Price Rigidity and Aggregate Dynamics"

Discussant: Jon Steinsson

11:30 a.m.

Ali Dib (Bank of Canada): "Banks, Credit Market Frictions, and Business Cycles"

Discussant: Skander van Den Heuvel (Board of Governors of the Federal Reserve System)

12:30 p.m.

Lunch Break

2:00 p.m.

Ippei Fujiwara (Bank of Japan), Yasuo Hirose (Bank of Japan), and Mototsugo Shintani (Vanderbilt): "Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach"

Discussant: Eric Leeper (Indiana University)

3:00 p.m.

Karel Mertens (Cornell) and Morten Ravn (Southampton): "Measuring the Impact of Fiscal Policy in the Face of Anticipation"

Discussant: Juan Rubio-Ramirez (Duke University)

4:00 p.m.

Coffee Break

4:30 p.m.

Eric Leeper, Michael Plante, and Nora Traum (Indiana University): "Dynamics of Fiscal Financing in the United States"

Discussant: Alejandro Justiniano (Federal Reserve Bank of Chicago)

5:30 p.m.

Cocktail Reception

7:15 p.m.

Dinner at Fork (by invitation only)

Saturday, October 10, 2009

9:00 a.m.

Marco Del Negro and Stefano Eusepi (Federal Reserve Bank of New York): "Modeling Observed Inflation Expectations"

Discussant: Boragan Aruoba (University of Maryland)

10:00 a.m.

Coffee Break

10:30 a.m.

Eric Aldrich and Ron Gallant (Duke University): "Habit, Long Run Risks, Prospect? A Statistical Inquiry"

Discussant: Jonathan Wright (Johns Hopkins University)

11:30 a.m.

L. Hoogerheide, R. Kleijn, F. Ravazzolo, Herman van Dijk (Erasmus University Rotterdam), M. Verbeek: "Forecast Accuracy and Economic Gains from Bayesian Model Averaging Using Time-Varying Weights"

Discussant: Frank Diebold (University of Pennsylvania)

12:30 p.m.

Lunch / Departure