European Summer Symposium in International Macroeconomics (ESSIM) 2008

Speakers

21 May

• • 08:45h - 09:00h
  • Introductory remarks ( 78 KB )

    Juan Ayuso (Director, Department of Monetary and Financial Studies, Banco de España)

• • 09:00h - 10:00h
  • "On the sources of the great moderation" ( 372 KB )

    Jordi Galí (CREI, Universitat Pompeu Fabra and CEPR) and Luca Gambetti (Universitat Autònoma de Barcelona)
    
    Discussant: Gabriel Pérez-Quirós (Banco de España)  (227 KB)

• • 10:00h - 11:00h
  • "Monetary policy and the great moderation" ( 301 KB )

    Klaus Adam (European Central Bank and CEPR)

    Discussant: Marco del Negro (Federal Reserve Bank of New York)  (1.010 KB)

• • 11:30h - 12:30h
  • "Understanding the international great moderation" ( 336 KB )

    Vincenzo Quadrini (University of Southern California and CEPR) and Fabrizio Perri (University of Minnesota)
    
    Discussant: Gianluca Benigno (London School of Economics)  (264 KB)

• • 12:30h - 13:30h
  • "The inflation-unemployment trade-off at low inflation rates" ( 430 KB )

    Pierpaolo Benigno (LUISS Guido Carli and CEPR) and Luca Antonio Ricci (International Monetary Fund)

    Discussant: Florin Bilbiie (HEC)  (46 KB)

• • 14:30h - 15:30h
  • "Financial integration, productivity and capital accumulation" ( 358 KB )

    Alessandra Bonfiglioli (Institute for Economic Analysis, CSIC)

• • 14:30h - 15:30h
  • "U.S. labor market dynamics and the business cycle" ( 440 KB )

    Eran Yashiv (Tel Aviv University and CEPR)

• • 15:30h - 16:30h
  • "How big are the gains from international financial integration?" ( 415 KB )

    Indrit Hoxha (University of Houston), Sebnem Kalemli-Ozcan (University of Houston, Bilkent University and ECB) and Dietrich Vollrath (University of Houston)

• • 15:30h - 16:30h
  • "Endogenous labor market participation and the business cycle"

    Christian Haefke (Institute for Advanced Studies, Vienna)
    Michael Reiter (Institute for Advanced Studies, Vienna)

• • 17:00h - 18:00h
  • "Rethinking the effects of financial liberalization" ( 268 KB )

    Fernando A. Broner (CREI, Universitat Pompeu Fabra and CEPR) and Jaume Ventura (CREI, Universitat Pompeu Fabra and CEPR)

• • 17:00h - 18:00h
  • "Inflation dynamics with search and matching in the labour market: a survey of alternative specifications" ( 538 KB )

    Kai Christoffel (ECB), James Costain (Banco de España), Gregory de Walque (ECB), Keith Kuester (ECB), Tobias Linzert (ECB), Stephen Millard (Bank of England) and Olivier Pierrard (Bank of Luxembourg)

• • 18:00h - 19:00h
  • "Stock market comovements and industrial structure" ( 481 KB )

    Pushan Dutt (INSEAD) and Ilian Mihov (INSEAD and CEPR)
    

• • 18:00h - 19:00h
  • "The role of labor markets for euro area monetary policy" ( 533 KB )

    Kai Christoffel (ECB), Keith Kuester (ECB) and Tobias Linzert (ECB)
    

22 May

• • 09:00h - 10:00h
  • "Intertemporal distortions in the second best" ( 312 KB )

    Stefania Albanesi (Columbia University and CEPR) and Roc Armenter (Federal Reserve Bank of New York)

    Discussant: Tatiana Kirsanova (University of Exeter)  (24 KB)

• • 10:00h - 11:00h
  • "Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt" ( 504 KB )

    Zheng Song (Fudan University), Kjetil Storesletten (University of Oslo and CEPR) and Fabrizio Zilibotti (University of Zurich and CEPR)

    Discussant: Nicola Gennaioli (CREI, Universitat Pompeu Fabra)  (50 KB)

• • 11:30h - 12:30h
  • "In Search of a Theory of Debt Management" ( 421 KB )

    Elisa Faraglia (London Business School) and Andrew Scott (London Business School and CEPR)

    Discussant: Dirk Niepelt (IIES and University of Bern)  (108 KB)

• • 12:30h - 13:30h
  • "The Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks: Theory and Empirical Evidence for the United States" ( 747 KB )

    Karel Mertens (Cornell University) and Morten O. Ravn (Institut d'Analisi Economica and CEPR)

    Discussant: Juan Rubio Ramirez (Duke University)  (239 KB)

• • 14:30h - 15:30h
  • "Dynamics of the Price Distribution in a General Model of State-Dependent Pricing" ( 582 KB )

    James Costain (Banco de España) and Anton Nakov (Banco de España)

• • 14:30h - 15:30h
  • "Culture as Learning: The Evolution of Female Labor Force Participation over a Century" ( 532 KB )

    Raquel Fernandez (New York University and CEPR)

• • 15:30h - 16:30h
  • "Lumpy Investment and State-Dependent Pricing in General Equilibrium" ( 274 KB )

    Michael Reiter (Institute for Advanced Studies, Vienna), Tommy Sveen (Norges Bank) and Lutz Weinke (Duke University)

• • 15:30h - 16:30h
  • "Gender Roles and Technological Progress" ( 411 KB )

    Stefania Albanesi (Columbia University, NBER and CEPR)
    Claudia Olivetti (Boston University)

• • 17:00h - 18:00h
  • "What Do We Learn from the Price of Crude Oil Futures?"

    Ron Alquist (University of Michigan) and Lutz Kilian (University of Michigan)

• • 17:00h - 18:00h
  • "Joint-Search Theory: New Opportunities and New Frictions" ( 381 KB )

    Bulent Guler (University of Texas, Austin), Fatih Guvenen (University of Minnesota) and Giovanni L. Violante (New York University, CEPR, and NBER)

• • 18:00h - 19:00h
  • "Inflation Differentials in a Currency Union: A DSGE Perspective" ( 364 KB )

    Pau Rabanal (La Caixa)

• • 18:00h - 19:00h
  • "Bling Bling, Human Capital, and Poverty" ( 264 KB )

    Omer Moav (Hebrew University, Royal Holloway University of London and CEPR) and Zvika Neeman (Tel Aviv University)

23 May

• • 09:00h - 10:00h
  • "Business Cycle Dynamics under Rational Inattention" ( 403 KB )

    Bartosz Adam Mackowiak (European Central Bank and CEPR) and Mirko Wiedeholt (Northwestern University)
    
    Discussant: James Costain (Banco de España)  (162 KB)

• • 10:00h - 11:00h
  • "Expectations, Learning and Business Cycle Fluctuations" ( 389 KB )

    Stefano Eusepi (Federal Reserve Bank of New York) and Bruce Preston (Columbia University)

    Discussant: Kristoffer Nimark (NYU and Reserve Bank of Australia)  (139 KB)

• • 11:30h - 12:30h
  • "The International Propagation of News Shocks" ( 534 KB )

    Paul Beaudry (University of British Columbia), Martial Dupaigne (GREMAQ and Toulouse School of Economics) and Franck Portier (Toulouse School of Economics, Gremaq and CEPR)
    
    Discussant: Luca Dedola (ECB)  (101 KB)

• • 12:30h - 13:30h
  • "Housing Bubbles" ( 500 KB )

    Oscar J. Arce (Banco de España) and J. David López-Salido (Federal Reserve Board and CEPR)

    Discussant: Kaiji Chen (University of Oslo)  (190 KB)
    

24 May

• • 09:00h - 10:00h
  • "International Portfolios, Capital Accumulation and Foreign Asset Dynamics" ( 383 KB )

    Nicolas Coeurdacier (London Business School and CEPR), Robert Kollmann (Free University of Brussels, ECARES and CEPR) and Philippe Martin (Universite Paris I, PSE and CEPR)

    Discussant: Matthias Doepke (University of California, Los Angeles)  (53 KB)

• • 10:00h - 11:00h
  • "When Bonds Matter: Home Bias in Goods and Assets" ( 675 KB )

    Nicolas Coeurdacier (London Business School and CEPR) and Pierre-Olivier Gourinchas (University of California Berkeley and CEPR)
    
    Discussant: Elias Papaioannou (Dartmouth University)

• • 11:30h - 12:30h
  • "Learning the Wealth of Nations" ( 414 KB )

    Francisco Buera (Northwestern University), Alex Monge-Naranjo (Northwestern University) and Giorgio E. Primiceri (Northwestern University and CEPR)

    Discussant: Rubén Segura-Cayuela (Banco de España)  (201 KB)

• • 12:30h - 13:30h
  • "Inventories, Lumpy Trade and Large Devaluations"

    George Alessandria (Federal Reserve Bank of Philadelphia), Joseph Kaboski (Ohio State University) and Virgiliu Midrigan (New York University)

    Discussant: Ruediger Bachmann (University of Michigan)  (245 KB)

• • 14:30h - 15:30h
  • "Procompetitive Losses from Trade" ( 349 KB )

    Paolo Epifani (Bocconi University) and Gino A. Gancia (CREI, Universitat Pompeu Fabra and CEPR)
    

• • 14:30h - 15:30h
  • "Search Frictions, Real Rigidities and Inflation Dynamics" ( 318 KB )

    Carlos Thomas (Banco de España)

• • 15:30h - 16:30h
  • "Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment" ( 286 KB )

    Giancarlo Corsetti (European University Institute and CEPR), Philippe Martin (University of Paris I and CEPR) and Paolo Pesenti (Federal Reserve Bank of New York and CEPR)

• • 15:30h - 16:30h
  • "Anticipated Growth and Business Cycles in Matching Models" ( 346 KB )

    Wouter Den Haan (University of Amsterdam and CEPR) and Georg Kaltenbrunner (London Business School)

• • 17:00h - 18:00h
  • "Globalization and Labor Market Outcomes: Wage Bargaining, Search Frictions, and Firm Heterogeneity" ( 608 KB )

    Julien Prat (Vienna University), Gabriel Felbermayr (University of Tübingen) and Hans-Jorg Schmerer (University of Nottingham)

• • 17:00h - 18:00h
  • "To Target Inflation or Not to Target: A Conditional Answer" ( 344 KB )

    Luca Gambetti (Universitat Pompeu Fabra) and Evi Pappa (Universitat Autònoma de Barcelona and CEPR)

• • 18:00h - 19:00h
  • "Elasticity Optimism" ( 391 KB )

    Jean Imbs (HEC and CEPR)

• • 18:00h - 19:00h
  • "Estimating DSGE Models with Unfiltered Data" ( 321 KB )

    Fabio Canova (CREI and Universitat Pompeu Fabra)