Celebrating Michel Juillard's Career and 30 Years of Dynare

Published on the 7th of November 2024

Conférences
10 February 2025 - 09:00

Banque de France will host a two-day event on February 10-11, 2025, to mark the career of Michel Juillard and the 30th anniversary of Dynare, widely recognized as an essential tool in computational economics since its inception in 1994.

Dates

10-11 February 2025

Program

Day 1: 10th February 2025 - Auditorium Banque de France

9:00 - 9:30 Welcome Coffee
9:30 - 10:00

Welcome Remarks 

 

Olivier Garnier (Banque de France)
Lilia Maliar (SCE) 
Claudia Senik (CEPREMAP)
Refet Gürkaynak (Bilkent and CEPR)

10:00 - 10:30

Special Session: Michel Juillard in a Historical Perspective

 

Chair: Gauthier Vermandel (Ecole polytechnique)

 

Write Your Model Almost as You Would on Paper and Michel Will Take Care of the Rest!. Béatrice Cherrier (CREST), Aurélien Saidi (Nanterre) et Francesco Sergi (UPEC).

10:30 - 11:15

Round Table: Michel Juillard Arrives in Paris: The Birth of Dynare
 

Chair: Béatrice Cherrier (CREST)

 

Raouf Boucekkine (AMSE)
Robert Boyer (EHESS)
Jean-Pierre Laffargue (PSE)
Jacques Le Cacheux (Université de Pau)

11:15 - 11:45        Coffee break
11:45 - 12:45

Session 1: Macro-finance 
 

Chair: Thomas Lubik (Richmond Fed)
 

Output Externalities and Precautionary Savings in Emerging Markets' Debt and Reserve Accumulation, Refet Gürkaynak (Bilkent and CEPR).

Reinforcement learning for household finance: designing policy via responsiveness, Lilia Maliar (NYU)

12:30 - 14:00 Lunch
14:00 - 15:00      

Keynote: Tom Sargent (NYU)  sponsored by CEPREMAP
 

Chair: Sébastien Villemot (CEPREMAP)

15:00 - 16:00

Session 2: Solution Methods for Macroeconomic Models

 

Chair: Jean-Guillaume Sahuc (Banque de France).

 

Scalable global solution techniques for high-dimensional models in Dynare, Simon Scheidegger (Lausanne).

On the analytic solution of DSGE models, Pablo Winant (ESCP).

16:00 - 16:30 Coffee Break 
16:30 - 17:30

Session 3: News and Expectations
 

Chair: Magali Marx (Banque de France).

 

From buzz to bust: How Fake News Shapes the Business Cycle, Fabrice Collard (TSE).

Inflation Expectations Under Finite Horizon Planning, Ed Herbst (Fed Board). Sponsored by SCE
 

19:00  Conference Dinner (on invitation only)

Day 2: 11th February 2025 - Auditorium Banque de France

9:00 - 9:30 Welcome Coffee
9:30 - 10:30

Session 4: Macro Methods
 

Chair: Eleni Iliopoulos (Paris-Saclay).

 

Stochastic extended path approach, Stéphane Adjemian (CEPREMAP).

Model from Graph: a grammar of structural dynamic macroeconomic models, Benjamin Carton (IMF).
 

10:30 - 11:00

Coffee Break

11:00 - 12:00

Session 5: Heterogeneous Agents Models
 

Chair: Edouard Challe (PSE)

 

On the Distributional Effects of Inflation and Inflation Stabilization, Marco Del Negro (New York Fed).

Bringing HANK to Dynare, Sébastien Villemot (CEPREMAP).

12:00 - 13:00        Lunch
13:00 - 14:00

Keynote: Larry Christiano (Northwestern) Sponsored by SCE

 

Chair: Lilia Maliar (NYU

14:00 - 15:00

Session 6: Monetary Policy

 

Chair: Hervé Le Bihan (Banque de France)

 

Strike while the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve, Galo Nuno (Banco de España and CEPR)

Optimal credit market policy, Matteo Iacoviello (Fed Board). Sponsored by SCE

15:00 - 15:30      

Coffee Break

15:30 - 16:00

Session 7: Advances in Computational and Behavioral Approaches
 

Chair: Annukka Ristiniemi (ECB)

 

A Hybrid Nonlinear Method for Solving Large OLG Models, Michael Reiter (IHS). Sponsored by SCE

Fiscal backing, inflation and US business cycles, Raf Wouters (National Bank of Belgium). Sponsored by SCE

Sponsors: Banque de France, CEPREMAP, Society for Computational Economics, Journal of Economic Dynamics and Control, CEPR - Monetary Economics and Fluctuations

Organizers:
•    Hervé Le Bihan, Banque de France.
•    Jean-Guillaume Sahuc, Banque de France.
•    Gauthier Vermandel, Ecole polytechnique.