Heterogeneous Agents or Heterogeneous Information
Banque de France and the Centre for Economic Policy Research (CEPR) are organizing a conference bringing together leading researchers from academia and central banks to present research findings related to the effects of heterogeneity on the conduct of monetary policy, Paris, December 5-6 2019.
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Confirmed keynote speakers are: George-Marios Angeletos (Massachusetts Institute of Technology & NBER) & Gianluca Violante (Princeton University & CEPR). All presentations will be in plenary sessions and each paper will be assigned a discussant. Topics include:
- Heterogeneous agent New Keynesian models
- Information dispersion and monetary policy
- Central bank communication
- Household / firm expectations formation
- Monetary models consistent with microdata
If you would like to attend the workshop, please register by filling the form below. Your final registration will be confirmed within a limited number of available places.
Organising Committee: Gaetano Gaballo (HEC), Erwan Gautier (BdF) & Christoph Grosse-Steffen (BdF)
| Thursday, 5 December 2019 | |
| 13:00 – 13:45 | Registration and welcome speech Olivier Garnier (BdF) |
| 13:45 – 15:15 | Optimal Monetary Policy in HANK Economies Optimal Monetary Policy with Heterogeneous Agents |
| 15:15 – 15:30 | Coffee break |
| 15:30 – 17:00 | The Effects of Redistribution in TANK models Capital, Inequality, and Consumption: The Missing Link |
| 17:00 – 17:10 | Coffee break |
| 17:10 – 18:10 | Invited speaker: Gianluca Violante (Princeton & CEPR) |
| Friday, 6 December 2019 | |
| 9:30 – 11:10 | Exposure to Daily Price Changes and Inflation Expectations How Industry Conditions Shape Firms’ Aggregate Expectations |
| 11:10 – 11:30 | Coffee break |
| 11:30 – 12:30 | Invited speaker: George-Marios Angeletos (MIT & NBER) |
| 12:30 – 13:30 | Lunch break |
| 13:30 – 15:00 | Aggregate Risk or Aggregate Uncertainty? Evidence from UK Households Monetary Policy and Household Expectations |
| 15:00 – 15:15 | Coffee break |
| 15:15 – 17:30 | Classic Policy Benchmarks for Heterogeneous-Agent Economies MPC Heterogeneity in Europe: Sources and Policy Implications Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK model |
| 17:30 – 18:00 | Concluding panel – Implications for monetary policy George-Marios Angeletos (MIT & NBER) - James B. Bullard (FRB Saint Louis) – Gianluca Violante (Princeton & CEPR) Presentations are divided into 30 min. for presenters, 10 min. for discussants and 5 min. for Q&A. Presentations of invited speakers are divided into 40 min. for presenter and 10 min. for general discussion. Organising Committee: Gaetano Gaballo (Banque de France, PSE and CEPR) Erwan Gautier (Banque de France) Christoph Grosse-Steffen (Banque de France) |
Updated on: 12/19/2019 12:42