Programme |
Thursday, 15 May |
| 8.45 |
|
Registration |
| 9.00–10.00 |
Paper
Presentation |
Information, heterogeneity and market incompleteness |
| |
Author(s) |
Liam Graham* (University College London), Stephen Wright (Birkbeck College, University of London) |
| |
Comments |
Jouko Vilmunen (Bank of Finland) |
| 10.00 |
|
Coffee break |
| 10.30–11.30 |
Paper
Presentation |
Risk Premiums and Macroeconomic Dynamics in a Heterogeneous Agent Model |
| |
Author(s) |
F. De Graeve (FRB of Dallas), M. Dossche (NB of Belgium), M. Emiris (NB of Belgium), H. Sneessens (Catholic University of Louvain-La-Neuve), Raf Wouters* (NB of Belgium) |
| |
Comments |
Antti Ripatti (Bank of Finland) |
| 11.30–12.30 |
Paper
Presentation |
Financial Factors in Business Cycles |
| |
Author(s) |
Lawrence Christiano (Northwestern University, NBER), Roberto Motto* (European Central Bank), Massimo Rostagno (European Central Bank) |
| |
Comments |
Bojan Markovic (Bank of England) |
| 12.30 |
|
Lunch |
| 14.00–15.00 |
Paper
Presentation |
Adjusting to Capital Account Liberalisation |
| |
Author(s) |
Kosuke Aoki* (London School of Economics), Gianluca Benigno (London School of Economics, Bank of England), Nobuhiro Kiyotaki (London School of Economics, FRB of New York) |
| |
Comments |
Atsuyoshi Morozumi (University of Warwick) |
| 15.00 |
|
Coffee break |
| 15.30–16.30 |
Paper
Presentation |
Credit Frictions and Household Debt in the U.S. Business Cycle: A Bayesian Evaluation |
| |
Author(s) |
Alessandro Notarpietro (University of Bocconi) |
| |
Comments |
Niku Määttänen (The Research Institute of the Finnish Economy) |
| 16.30–17.30 |
Paper
Presentation |
Credit Frictions, Housing Prices, and Optimal Monetary Policy Rules |
| |
Author(s) |
Caterina Mendicino* (Bank of Canada), Andrea Pescatori (FRB of Cleveland) |
| |
Comments |
Virginia Queijo von Heideken (Sveriges Riksbank) |
| 19.00 |
|
Dinner |
Friday, 16 May |
| 9.00–10.00 |
Paper
Presentation |
Incorporating Financial Frictions in the New Area Wide Model |
| |
Author(s) |
Giovanni Lombardo (European Central Bank), Peter McAdam* (European Central Bank) |
| |
Comments |
Markus Haavio (Bank of Finland) |
| 10.00 |
|
Coffee break |
| 10.30–11.30 |
Paper
Presentation |
Price Level Targeting and the Financial Accelerator: Welfare Analysis in an Open Economy DSGE Model |
| |
Author(s) |
Ali Dib (Bank of Canada), Caterina Mendicino* (Bank of Canada), Yahong Zhang (Bank of Canada) |
| |
Comments |
Luca Sessa (Banca d'Italia) |
| 11.30–12.15 |
Presentation |
Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Asset Markets |
| |
Author(s) |
Simon Gilchrist (University of Boston) |
| 12.15 |
|
Closing remarks |
| |
|
Farewell lunch |
| 14.00 |
|
End of the seminar |