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CSEF - Center for Studies in Economics and Finance

16 June 2017 – 17 June 2017
Conference on “Macroeconomic Issues after the Crisis”

Thursday, 15 June 2017

19.30 Reception and Dinner - Hotel Il Melograno

Friday, 16 June 2017

9.15 - 9.30 Welcome address

Morning Session - Chair: Saverio Simonelli (CSEF)

9.30 – 10.30 Larry Christiano (Northwestern University)
"Is there a Uniqueness Problem in the New Keynesian Model?”
Discussant: Klaus Adam (Mannheim University)

10.30 - 11.00 Coffee Break

11.00 - 12.00 Claudio Michelacci (Einaudi Institute for Economics and Finance)
“Aggregate Demand Networks” (joint with Luigi Paciello and Andrea Pozzi)
Discussant: Luigi Iovino (Bocconi University)

12.00 – 13.00 Arlene Wong (FRB of Minneapolis and Princeton)
“Trading down and the business cycle” (joint with Nir Jaimovich and Sergio Rebelo)
Discussant: Pontus Rendahl (Cambridge University)

13.00- 14.30 Lunch

Afternoon Session - Chair: Martin Eichenbaum (Northwestern University)

14.30 - 15.30 Harald Uhlig (University of Chicago)
“The Macroeconomic Impact of Money Market Disruptions” (joint with Fiorella de Fiore and Marie Hoerova)
Discussant: Saverio Simonelli (CSEF)

15.30 – 16.30 Pierre Yared (Columbia Business School)
“Fiscal Rules and Discretion in a World Economy” (joint with Marina Halac)
Discussant: Facundo Piguillem (Einaudi Institute for Economics and Finance)

20.00 Reception and Dinner (by invitations only)

Saturday, 17 June 2017

Morning Session - Chair: Klaus Adam (University of Mannheim)

9.30 - 10.30 Morten Ravn (University College London)
“Macroeconomic Fluctuations with HANK & SAM: an Analytical Approach” (joint with Vincent Sterk)
Discussant: Xavier Ragot (Sciencespo)

10.30 - 11.00 Coffee Break

11.00 - 12.00 Giancarlo Corsetti (University of Cambridge)
“The Missing Internal Devaluation Puzzle: Nominal and Real Adjustment to the Great Recession within the US” (joint with Luca Dedola and Riccardo Trezzi)
Discussant: Juan Passadore (Einaudi Institute for Economics and Finance)

12.00 – 13.00 Martin Eichenbaum (Northwestern University)
“Monetary Policy and the Predictability of Nominal Exchange Rates” (joint with Benjamin K. Johannsen and Sergio Rebelo)
Discussant: Gaetano Gaballo (European Central Bank)

13.00- 14.30 Lunch

Afternoon Session - Chair: Morten Ravn (University College London)

14.30 - 15.30 Giorgio Primiceri (Northwestern University)
“The Mortgage Rate Conundrum“ (joint with A. Justiniano and A Tambalotti)
Discussant: Ethan Ilzetzki (London School of Economics)

Organizers:
Klaus Adam (Mannheim University)
Martin Eichenbaum (Northwestern University)
Luigi Paciello (Einaudi Institute for Economics and Finance)
Morten Ravn (University College London)
Saverio Simonelli (University of Naples Federico II and CSEF)

Flyer III Program