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, Nottingham and we are grateful for co-funding from the Money, Macro and Finance Research Group and the School of Economics, Nottingham.

Location: Machicado Suite, Willoughby Hall, University of Nottingham, University Park, Nottingham, 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 (University of Nottingham)

“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 (University of Nottingham)

“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 (University of Nottingham)

15.30-16.00: Coffee break

16.00-17.30: Chair: Marta Aloi (University of Nottingham)

Investment Shocks and the Comovement Problem
Hashmat Khan (Carleton University), John Tsoukalas (University of Nottingham)

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 (University of Nottingham)

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
University of Nottingham
University Park
Nottingham, NG7 2RD

Enquiries: hilary.hughes@nottingham.ac.uk