Events

di04apr

Final MACFINROBODS Conference, followed by ECB Watchers Event

Goethe University - Frankfurt, Germany

4-6 April 2017

Final version of the program for the "Final MACFINROBODS Conference"and "The ECB and Its Watchers XVIII"available here

List of Participants for the Conference here

List of Participants for The ECB and Its Watchers XVIII here

„ECB and Its Watchers“ photos are published on the website of the Institute for Monetary and Financial Stability, please find the link to the website here

Presentation sheets
Keynote Talk: John B. Taylor (Stanford University) Central Bank Models: Lessons from the Past and Ideas for the Future

Robert Kollmann (ULB) Explaining International Business Cycle Synchronization

Cars Hommes (UvA) Behavioural & Experimental Macroeconomics: Some Recent Findings


do17nov

Third Consortium Scientific Workshop

ITALY - Lake Como

17 and 18 November 2016

The third Workshop will be jointly organized by the Italian nodes: Universita Degli Studi di Pavia (Guido Ascari), Universita Catholica del sacro Cuore (Domenico Delli Gatti) and Joint Research Centre (Marco Ratto) on 17 and 18 November 2016 in Como,  Italy
Workshop venue:
Villa del Grumello
Via per Cernobbio, 1122100 Como, Italy

Keynote speakers are:

- Paul Beaudry (University of British Columbia and Oxford)

- Marco Del Negro (Federeal Reserve Bank of New York)

- Fabio Ghironi (University of Washington) 

The program of the Workshop is available here

 


di06sep

Learning Conference

The Dutch Central Bank - Amsterdam, The Netherlands

6-8 September 2016

From 6-8 September the Amsterdam School of Economics organizes the Learning conference Expectations in Dynamic Macroeconomic Models. This conference focuses on the important role of expectations and learning for macroeconomic dynamics, macrofinancial interactions and monetary and fiscal policies. 

 

 


ma20jun

Second Annual Dissemination Conference

National Bank of Belgium - Brussels

20-21 June 2016

The second Annual Dissemination Conference will be jointly organized by the National Bank of Belgium (NBB/BNB), Université Libre de Bruxelles (ULB) and Catholic University Leuven (KUL) on 20 and 21 June 2016. 

Keynote speakers:
Wouter den Haan (LSE)
Stephanie Schmitt-Grohé (Columbia University)
Chris Sims (Princeton University)
Martin Uribe (Columbia University)

Final Program and Local information:
Please download the final program and Local information  here

Conference dinner
The conference dinner on Monday night will be chaired by the Governor of the National Bank of Belgium (Invitation only)

Papers:
Firms’ Dynamics and Business Cycle: New Disaggregated Data, Emilio Zanetti Chini (download pdf)
Keynote Lecture: Unemployment (Fears) and Deflationary Spirals, Wouter den Haan (download pdf)
Monetary and Fiscal Policy Interactions: Leeper (1991) Redux, Guido Ascari (download pdf)
Adaptive Learning and Survey Expectations on Inflation, Sergey Slobodyan (download pdf)
Is guidance the solution for central banks? Experimental study on the effect of nominal price level targeting with guidance,
Tomasz Makarewicz (download pdf)
Keynote Lecture: A Model of the Twin Ds: Optimal Default and Devaluation, Stephanie Schmitt-Grohé (download pdf)
International Business Cycles and Risk Sharing with Uncertainty Shocks and Recursive Preferences, Robert Kollmann (download pdf)
Optimal Policy with Heterogeneous Agents and Aggregate Shocks: An Application to Optimal Public Debt Dynamics, Xavier Ragot (download pdf)
The Extended Path Approach (presentation sheets), Stéphane Adjemian (download pdf)
Existence and Uniqueness of Solutions to Dynamic Models with Occasionally Binding Constraints, Tom Holden (download pdf)
Keynote Lecture: Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited, Martin Uribe (download pdf)

Posters
Fiscal Consolidations and Finite Planning Horizons, Joep Lustenhouwer (download pdf)
Tractable Estimation of Non-Linear DSGE Models Using Observation Equation Inversion, Robert Kollmann (download pdf)

 


wo18mei

Course - Identification analysis and global sensitivity analysis for Macroeconomic Models

Università Cattolica del Sacro Cuore - Milan

18-20 May 2016

The course is organised by Marco Ratto, Joint Research Centre (JRC) of the European Commission and Domenico delli Gatti, Università Cattolica del Sacro Cuore (Milano).

It will be animated by: Marco Ratto, Stefan Hohberger, Ronal Muresano Caceres (JRC Unit G.01), Matthias Burgert (ECFIN Unit B.3).

External Speakers: Johannes Pfeifer (Univ. Mannheim), Michel Juillard (Banque de France), Junior Maih (Norges Bank).

 

The scope of the course is to give a general introduction to methods of identification and global sensitivity analysis, their DYNARE implementation (identification toolbox and global sensitivity analysis toolbox) and their application to Dynamic Stochastic General Equilibrium (DSGE) macroeconomic models.

For more information https://ec.europa.eu/jrc/en/event/training-course/dynare-course


ma30nov

Second MACFINROBODS Scientific Workshop

Institut d'Anàlisi Econòmica, CSIC - BARCELONA

30 November and 1 December 2015

The Second  Consortium Scientific Workshop was held at Institut d'Anàlisi Econòmica (CSIC) in Barcelona, Spain,  on 30 November and 1 December 2015. It was a very successful two-day event with over 45 participants. There were 12 presentations by senior- and young researchers from all teams and two very inspiring keynote lectures by Jordi Galí, CREI and Universitat Pompeu Fabra and Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis. A poster session for earlier-stage works of the network was organized just after lunch on the second day of the Workshop. There were 7 poster presentations  by junior faculty mainly. It was a great opportunity for those presenting with all senior people attending, participating, asking around and giving comments.

Download Pdf file of the Workshop program here


ma15jun

First Annual Dissemination Conference

Banque de France - PARIS

15 -16 June 2015

The First Annual Dissemination Conference was held at Banque de France in Paris, France on 15-16 June 2015. It was a very successful two-day event with over 60 participants. The conference started with a welcome speech given by Alain Duchateau, the general deputy director of Banque de France.

There were 11 presentations of advanced-stage papers from all teams and a poster session including 9 presentations of early-stage works. We also had 3 inspiring keynote lectures. The first keynote lecture was given by Thomas J. Sargent, professor of economics at New York University and the 2011 Nobel Prize in Economics. The title of the paper that he presented was “Taxes, Debts, and Redistribution”. The second keynote lecture was given by Tobias Adrian, Senior Vice President and Function Head Capital Markets Function at the Federal Reserve Bank of New York. The title of the paper that he presented was “Intermediary Leverage Cycles and Financial Stability”. The last keynote lecture was given by Vítor Gaspar, Director of the Fiscal Affairs Department at the International Monetary Fund. The title of the paper that he presented was “Fiscal Policy and Macro-Systemic Risks”. All keynote lectures have been followed by a very active general discussion.

download pdf file of the conference program here

Slides and/or papers are posted here:
Keynote lecture: Intermediary Leverage Cycles and Financial Stability, slides and paper
Keynote lecture: Fiscal Policy and Macro-systemic Risks, slides
Slice sampling in Bayesian estimation of DSGE models, slides and paper
Government Debt Management: The Long and the Short of it, slides
Monetary and Fiscal Policy Design at the Zero Lower Bound - Evidence from the Lab, slides and paper
Towards a Theory of Global Bank Risk Taking and Competition, slides
Tractable Bayesian Estimation of a Non-Linear DSGE Model with Banks Using Higer-Order Approximations (slides)
Interest Rate Rules under Financial Dominance, poster

 


 


do15jan

First MACFINROBODS Scientific Workshop

City University Campus - LONDON

15-16 January 2015

The First Consortium Scientific Workshop in London turned out a very successful two-day event with over 30 participants. With a total of 13 presentations by senior- and young researchers from all partners and a very inspiring keynote lecture by Seppo Honkapohja these were two fruitful days.

Seppo Honkapohja has been a member of the Board of the Bank of Finland since 1 January 2008. He is also a member of the consortium’s Advisory Board. The title of the paper that he presented is “Targeting Prices or Nominal GDP: Forward Guidance and Expectation Dynamics” (link to pdf)
If you are interested in his presentation please send an e-mail to macfinrobods-ase@uva.nl

Program of the Workshop

Presentations (click title for link to the presentation)

Jakob Grazzini and Alessandro Gobbi (both Catholic University of Milan), "Learning and heterogeneity in DSGE models: an agent-based approach"

Tom Holden (University of Surrey),“Occasionally Binding constraints in DSGE Models”

Cars Hommes (University of Amsterdam), “Bounded rationality and heterogeneous expectations in macroeconomics”

Sarolta Laczó (Bank of England), Efficient Risk Sharing with Limited Commitment and Storage”

Albert Marcet (CSIC), Stock Price Booms and Busts and Expected capital Gains”

Albert Marcet (CSIC), “Optimal Policy with Endogenous Signal Extraction”

Joe Pearlman (City University), Regulation and policy coordination in normal and crises regimes”

Alessandro Rossi (Joint Research Centre),Slice sampling”

Lorenza Rossi (University of Pavia), Banking frictions and endogenous firms exit”

Jinhyuk Yoo (Goethe University Frankfurt), Policy Evaluation and Robustness with the Macroeconomic Model Data Base”