Final Conference
Monday/Tuesday, 19/20 September 2011
Organizers: Prof. Ester Faia Ph.D / Prof. Volker Wieland Ph.D


Location: House of Finance;
Lecture Hall: Commerzbank E.22

PROGRAM

UPDATED: Papers and presentations can be downloaded by clicking on their titles in the program below.

Monday 19th September

09:25

Welcome Volker Wieland

09:30 – 10:30

Opening Keynote Speech

The Financial Crisis and Macroeconomic Policy: Four Years On (Presentation)

John B. Taylor, Stanford University

 

 

10:30 – 11:00

Coffee Break – Faculty Lounge

11:00 – 13:00

Chair: Richard Werner (University of Southampton)

Imperfect Information, Optimal Monetary Policy and the Informational Consistency Principle (Paper)

Imperfect Information, Optimal Monetary Policy and the Informational Consistency Principle (Presentation)

Paul Levine (University of Surrey), (joint with Joseph Pearlman, Bo Yang)

 

Discussant: Martin Ellison (Oxford University)

 

Explaining Business Cycles: News Versus Data Revisions (Paper)

Explaining Business Cycles: News Versus Data Revisions (Presentation)

Discussion of “Imperfect Information, Optimal
Monetary Policy and the Informational Consistency Principle” by Paul Levine, Joseph Pearlman and Bo Yang

Joe Pearlman (Loughborough University)

(joint with Paul Levine, Joseph Pearlman, Bo Yang)

 

Discussant: Frank Smets (European Central Bank)

Discussion of "Explaining Business Cycle: News Versus Data Revisions" (Presentation)

 

 

13:00 – 14:00

Lunch – Faculty Lounge

14:00 – 15:00

Chair: Michael Binder (Goethe University of Frankfurt)

Forecasting and Policy Making (Paper)

Forecasting and Policy Making (Presentation)

Discussion of “Forecasting and Policy Making” (Presentation)

Volker Wieland (Goethe University and IMFS)

(joint with Maik Wolters)

 

Discussant: Kai Christoffel (European Central Bank)

 

 

15:00 – 16:00

Chair: Michael Binder (Goethe University Frankfurt)

Policy Keynote Speech

Monetary and Fiscal Policies in Times of Crisis (PDF Version)

Monetary and Fiscal Policies in Times of Crisis (PPT Version)

José Manuel González-Páramo (Member of the Board, European Central Bank)

 

 

16:00 – 16:30

Coffee Break – Faculty Lounge

16:30 – 17:30

Chair: Michalis Haliassos (Goethe University Frankfurt)

The Effects of Bank Rescue Measures in the recent Financial Crisis (Paper)

The Effects of Bank Rescue Measures in the recent Financial Crisis (Presentation)

Discussion of “The Effects of Bank Rescue Measures in the recent Financial Crisis” (Presentation)

Tuesday 20th September

09:00 – 11:00

Chair: Ester Faia (Goethe University)

Identification Analysis of DSGE Models with DYNARE (Paper)

Identification Analysis of DSGE Models with DYNARE (Presentation)

Discussion of “Identification Analysis of DSGE Models with DYNARE” (Presentation)

Marco Ratto (Joint-Research-Centre Ispra)

(with the contribution of Nikolai Iskrev)

 

Discussant: Stephan Fahr (European Central Bank)

 

Solving and Estimating Stochastic Models with Block Decomposition (Paper)

Solving and Estimating Stochastic Models with Block Decomposition (Presentation)

Ferhat Mihoubi (CEPREMAP)

 

Discussant: Karl Walentin (Sveriges Riksbank)

Discussion of “Solving and Estimating Stochastic Models with Block Decomposition” (Presentation)

 

 

11:00 – 11:30

Coffee Break – Faculty Lounge

11:30 – 12:30

Chair: TBA

Monetary Policy and Risk Taking (Paper)

Monetary Policy and Risk Taking (Presentation)

Ester Faia (Goethe University of Frankfurt)

(joint with Ignazio Angeloni, Marco Lo Duca)

 

Discussant: Matthieu Darracq Paries (ECB)

 

 

12:30 – 13:30

Lunch – Faculty Lounge

13:30 – 14:30

Chair: Nicola Fuchs-Schündeln (Goethe University Frankfurt)

Optimal Fiscal Policy with Long Bonds (Paper)

Optimal Policy with Long Bonds (Presentation)

Albert Marcet (London School of Economics)

 

Discussant: Gernot Müller (University of Bonn)

Discussion of “Optimal Policy with Long Bonds” (Presentation)

 

 

14:30 – 15:00

Coffee Break – Faculty Lounge

15:00 – 16:00

Chair: Michel Juillard (CEPREMAP and Banque de France)

Fiscal Consolidations in Currency Unions: Spending Cuts versus Tax Hikes (Paper)

Fiscal Consolidations in Currency Unions: Spending Cuts versus Tax Hikes (Presentation)

Jesper Linde (Federal Reserve Board)

(joint with Christopher J. Erceg)

 

Discussant: Christiane Nickel (European Central Bank)

Comments on “Fiscal Consolidations in Currency Unions: Spending Cuts Vs. Tax Hikes” by Christopher J. Erceg and Jesper Lindé (Federal Reserve Board).

 

 

16:00

Closing Remarks: Michel Juillard

16:00 – 17:00

Monfispol Business Meeting

(only for principal investigators)