The conference will cover a broad range of themes related to the estimation of the effects of unconventional monetary policies in the data. Jordi Gali (CREI and CEPR), Refet S. Gürkaynak (Bilkent University and CEPR), Frank Smets (ECB and CEPR) and Jonathan Wright (Johns Hopkins University) are confirmed invited speakers.
Prof. Lutz Kilian (U. Michigan) will cover the determination of the price of oil in global markets and the relationship between the price of oil and the macroeconomy (inflation, growth, financial markets).
Prof. Benjamin Moll (University of Princeton) will teach a course that will develop tools for the analysis and numerical solution of heterogeneous agent models in continuous-time focusing in particular on numerical solutions techniques using finite difference methods.
Professors Kenneth Singleton and Anh Le will cover select topics on the modelling of the term structure of interest rates, including reduced-form affine term structure models and equilibrium models of the interest rates in which agents are endowed with specific preferences.
This second EABCN macro-finance conference will cover innovative work advancing our knowledge of macro-financial linkages. Theoretical and empirical contributions are both welcome. Nicola Gennaioli (Bocconi University & CEPR) and Stefan Nagel (Booth School of Business, University of Chicago & CEPR) will be the keynote speakers.
The tenth conference organized by the International Research Forum on Monetary Policy (IRFMP) will be held at the Federal Reserve Board in Washington, D.C. on March 23-24, 2018. The purpose of the IRFMP is to promote the discussion of innovative research on theoretical and empirical macroeconomic issues with relevance for monetary policy.
The 27th EABCN training school will be a three days course on 'Practical DSGE Models' taught by Professor Fabio Canova (BI Norwegian School of Management). Most DSGE model used by policy institutions are generally of large scale and little attention is generally paid to issues like model misspecification, model evaluation, model reduction and re-specification.
The conference will cover a broad range of themes related to econometric models with parameter time-variation. A special emphasis is on methodological, theoretical and empirical aspects and on their relevance for economic policy making, in particular for monetary policy and financial stability.
Wouter Den Haan (London School of Economics and CEPR), Jesper Lindé (Sveriges Riksbank and CEPR), Junior Maih (Norges Bank) and Dan Waggoner (Atlanta FED) are already confirmed their participation.
The Banque de France and the Euro Area Business Cycle Network are organising a scientific conference dealing with theoretical and empirical advances in monetary policy research.
Emmanuel Farhi (Harvard University and CEPR) and Michael Woodford (Columbia University and CEPR) have confirmed their attendance.
The 26th EABCN training school will be a three days course on 'Monetary Policy: An Imperfect Knowledge Perspective' taught by Professor Bruce Preston (University of Melbourne). Using a New Keynesian model with learning dynamics, this course builds an analytical framework for monetary policy evaluation that is consistent with the pervasive evidence of low-frequency variation in macroeconomic data. The consequences of such belief structures for monetary policy design are explored.
Luigi Federico Signorini (Deputy Director General, Banca d‘Italia) will talk about the impact of the downward trend in advanced countries' nominal interest rates and their impact on the measurement of the unobservable determinants of interest rates (inflation expectations, risk premia, natural interest rates), the assessment of the persistence of the causes of current exceptional circumstances, and the short- and long-term risks for price and financial stability.
Professor Marc J. Melitz (Harvard University) will survey the newer empirical literature based on firm-level studies of trade, and develop the analytical framework for general equilibrium models of trade with heterogeneous producers. The lectures will then cover applications (both theoretical and empirical) of these models to different subfields of international economics.
The financial crisis and the subsequent economic recovery were associated with spectacular price movements in a number asset markets. Understanding these fluctuations and their interactions with the macro economy remains challenging. The conference seeks to bring together innovative theoretical and empirical work advancing our knowledge on asset price behaviour.
The 24th EABCN training school will be a three days course on 'Advances in Bayesian Analysis of DSGE Models' taught by Professor Frank Schorfheide (University of Pennsylvania). The course will cover the recent advances in the Bayesian analysis of dynamic stochastic general equilibrium (DSGE) models, covering both estimation methods and applications.
The purpose of the ninth conference organised by the International Research Forum on Monetary Policy (IRFMP) is to promote the discussion of innovative research on theoretical and empirical macroeconomic issues with relevance for monetary policy.
