10th Dynare Conference

Presentation

The 10th Dynare Conference, hosted by Banque de France in Paris, will take place September 18-19, 2014. The conference features the work of leading scholars in dynamic macroeconomic modeling. The different papers deal with various aspects of DSGE modeling and computational methods necessary to use them. Papers can use other software tools than Dynare. Theoretical contributions are also encouraged

Fabrice Collard (University of Bern) and Alejandro Justiniano (Federal Reserve Bank of Chicago) are plenary speakers.

The conference is sponsored by Banque de France, the Dynare project at CEPREMAP and DSGE-net.

Conference Papers

Session A.1 Optimal fiscal and monetary policy.

Dealing with a liquidity trap when government debt matters: Optimal time-consistent monetary and fiscal policy,

Sebastian Schmidt (ECB)  with Matthias Burgert (European Commission, IMFS and Goethe University Frankfurt)

Inflation, debt, and the zero lower bound

Alessandro Notarpietro (Banca d'Italia), with Stefano Neri (Banca d'Italia)

Session A.2 Optimal policy.

Imperfect competition and optimal taxation

Andrea Colciago (De Nederlandsche Bank)

Employment, hours and optimal monetary policy,

Céline Poilly (Lausanne Univ.), with Maarten Dossche (National Bank of Belgium) and Vivien Lewis (KU Leuven)

Session A.3 Estimating DSGE models.

Exact inference in DSGE models

Lynda Khalaf (Carleton Univ.), with Zhenjiang Lin (Carleton University ) and Abeer Reza (Bank of Canada)

Applying the explicit aggregation algorithm to discrete choice economies : With an application to estimating the aggregate technology shock process.

Takeki Sunakawa (University of Tokyo) 

Session B.1 Identification and forecasting in nonlinear models.

Identification of DSGE models: A comparison of methods and the effect of second order approximation.

Willi Mutschler (Univ. of Münster)

Forecasting of nonlinear DSGE models.

Sergey Ivashchenko (Russian Academy of Sciences)

Session B.2 Fiscal policy.

US fiscal regimes and optimal monetary policy.

Konstantinos Mavromatis (Univ. of Amsterdam)

Tales of Transition Paths : Policy Uncertainty and Monetary-Fiscal Interaction

Josef Hollmayr (Deutsche Bundesbank), with Christian Matthes (Federal Reserve Bank of Richmond)

Session B.3 Macroprudential policy I.

Macroeconomic effects of bank recapitalizations

Markus Haavio (Bank of Finland),  with Antti Ripatti (University of Helsinki, HECER, Bank of Finland) and Tuomas Takalo (Bank of Finland)

Monetary and macro-prudential policy with multi-period loans

Michal Brzoza-Brzezina (Narodowy Bank Polski)  with Paolo Gelain (Norges Bank) and Marcin Kolasa (Narodowy Bank Polski and Warsaw School of Economics)

Session C.1 Business cycles I.

Deep vs. superficial habits: Its all in the persistence

Cristiano Cantore (Univ. of Surrey) , with Paul Levine (University of Surrey) and Giovanni Melina (City University London)

On the importance of sales for aggregate price flexibility

Nicolas Vincent (HEC Montreal and Bank of France) , with Oleksiy Kryvtsov (Bank of Canada)

Banks and the credit cycle

Adrian Penalver (Bank of France) 

Session C.2 Monetary policy in the crisis.

The stimulative effect of forward guidance

Benjamin Keen (Univ. Oklahoma, Federal Reserve Bank of St. Louis), with William T. Gavin (Federal Reserve Bank of St. Louis), Alexander W. Richter (Auburn University) and Nathaniel A. Throckmorton (Indiana University)

Banks, sovereign risk and unconventional monetary policies

Xiaofei Ma (CREST) , with Stéphane Auray (CREST-Ensai, ULCO (EQUIPPE) and CIRPÉE) and Aurélien Eyquem (Université de Lyon, Université Lumière Lyon 2, CNRS)

Post-crisis slow recovery and monetary policy

Takushi Kurozumi (Bank of Japan), with Daisuke Ikeda (Bank of Japan)

Session C.3 Capital flows, capital controls.

Capital controls as an instrument of monetary policy

Scott Davis (Federal Reserve Bank of Dallas), with Ignacio Presno (Federal Reserve Bank of Boston)

Capital flows, intermediation frictions and the adjustment to common shocks

Ivan Jaccard (ECB) , with F. Smets (European Central Bank)

Foreign exchange reserve diversification and the "exorbitant privilege"

Pietro Cova (Banca d'Italia) , with Patrizio Pagano (Bank of Italy) and Massimiliano Pisani (Bank of Italy)

Session D.1 Financial and banking frictions.

Banking frictions and endogenous firms exit

Lorenza Rossi (Univ. of Pavia) .

 

Capital regulation in a macroeconomic model with three layers of default

Livio Stracca (ECB) , with Laurent Clerc (Banque de France), Alexis Derviz (Czech National Bank), Caterina Mendicino (Banco de Portugal), Stephane Moyen (Deutsche Bundesbank), Kalin Nikolov (European Central Bank), Javier Suarez (CEMFI and CEPR) and Alexandros Vardoulakis (Federal Reserve Board of Governors)

Session D.2 Approximation and simulation on nonlinear models.

A theory of pruning

Giovanni Lombardo (ECB), with Harald Uhlig (University of Chicago CentER, NBER and CEPR)

Risky linear approximations

Alexander Meyer-Gohde (Humboldt Univ.) 

Session D.3 Macroprudential policy II.

Leaning against windy bank lending

Stefania Villa (KU Leuven), with Giovanni Melina (City University London)

Leaning against the credit cycle

Gisle Natvik (Norges Bank), with Paolo Gelain (Norges Bank) and Kevin Lansing (The federal Reserve Bank of San Francisco)

Session E.1 Labor markets and institutions.

Unemployment benefits extensions at the zero lower bound on nominal interest rate

Arthur Poirier (EPEE,TEPP), with Julien Albertini (Humboldt-Universität zu Berlin)

Session E.2 Business cycles II.

Amplification of shocks in a model with labor and goods market search.

Jan Duras (Federal Reserve Bank of Minneapolis) 

Session E.3 Uncertainty.

The zero lower bound and endogenous uncertainty

Nathaniel Throckmorton (College of William and Mary) , with Michael Plante (Federal Reserve Bank of Dallas) and Alexander W. Richter (Auburn University)

Uncertainty and fiscal cliffs

Andrew Foerster (Federal Reserve Bank of Kansas City) , with Troy Davig (Federal Reserve Bank of Kansas City)

Session F.1 Capital flows in the euro area.

International capital flows and the boom-bust cycle in Spain

Robert Kollmann (Brussels Free Univ.), with Jan in't Veld (DG-ECFIN, EU Commission), Beatrice Pataracchia (European Commission, Joint Research Centre), Marco Ratto (European Commission, Joint Research Centreand Werner Roeger (DG-ECFIN, EU Commission)

TARGET balances and macroeconomic adjustment to sudden stops in the euro area

Paul McNelis (Fordham Univ.), with Gabriel Fagan (Trinity College, Dublin and DG-Research, European Central Bank)

Session F.2 Euro area macrodynamics.

Imbalances in the euro area and fiscal devaluation: A model-based analysis

Pascal Jacquinot (ECB) , with S. Gomes (Bank of Portugal), and M. Pisani (Bank of Italy)

Financial instability and the euro area macroeconomic dynamics.

Stéphane Lhuissier (Univ. Paris 1) 

Session F.3 Fiscal multipliers.

The short- and long-run effects of fiscal consolidation in dynamic general equilibrium

Tim Schwarzmüller (Kiel Institute for the World Economy), with Maik H. Wolters (University of Kiel and Kiel Institute for the World Economy)

Fiscal multipliers at the zero lower bound: The role of policy inertia

Taisuke Nakata (Federal Reserve Board) , with Timothy Hills (Federal Reserve Board)

Updated on: 04/13/2017 11:17