Explore This Section

Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models

Friday, October 14, and Saturday, October 15, 2011
Philadelphia, PA

Program

Friday, October 14, 2011

9:00 a.m.

Alejandro Justiniano (FRB Chicago), Giorgio Primiceri (Northwestern and NBER), and Andrea Tambalotti (FRB New York): “Is There a Trade-off Between Inflation and Output Stabilization?” PDF

Discussant: Ricardo Reis (Columbia University)

10:00 a.m.

Coffee Break

10:30 a.m.

Susanto Basu (Boston College and NBER) and Brent Bundick (Boston College): “Uncertainty Shocks in a Model of Effective Demand” PDF

Discussant: Cosmin Illut (Duke)

11:30 a.m.

Leonardo Melosi (London Business School): “Public’s Inflation Expectations and Monetary Policy” PDF

Discussant: Marco Del Negro (FRB New York)

12:30 p.m.

Lunch Break

2:00 p.m.

Gianni Amisano (ECB) and Oreste Tristani (ECB): “A DSGE Model of the Term Structure with Regime Shifts”

Discussant: Francesco Bianchi (Duke)

3:00 p.m.

Gianluca Benigno (LSE), Pierpaolo Benigno (LUISS), and Salvatore Nistico (LUISS): “Second-Order Approximation of Dynamic Models with Time-Varying Risk” PDF

Discussant: Juan Rubio (Duke)

4:00 p.m.

Coffee Break

4:30 p.m.

Matthew Smith (Board of Governors): “Estimating Nonlinear Economic Models Using Surrogate Transitions” PDF

Discussant: Ed Herbst (Board of Governors)

Saturday, October 15, 2011

9:00 a.m.

Boragan Aruoba (Maryland), Luigi Bocola (Penn), and Frank Schorfheide (Penn and NBER): “A New Class of Nonlinear Time Series Models for the Evaluation of DSGE Models” PDF

Discussant: Karel Mertens (Cornell)

10:00 a.m.

Coffee Break

10:30 a.m.

Atsushi Inoue (NC State) and Lutz Kilian (Michigan): “Inference on Impulse Response Functions in Structural VAR Models” PDF

Discussant: Tao Zha (FRB Atlanta, Emory, and NBER)

11:30 a.m.

Pablo Guerron-Quintana (FRB Philadelphia): “Measuring Common and Idiosyncratic Disturbances in Small Open Economies” PDF

Discussant: Jesper Linde (Board of Governors)

12:30 p.m.

Lunch / Departure