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CSEF - Center for Studies in Economics and Finance

8 July 2016 – 9 July 2016
Conference on “Recent Developments in Macroeconomics”

Thursday, July 07, 2016

20.00 Reception and Buffet Dinner at Hotel El Faro

Friday, July 08, 2016

09.15 – 09.30 Welcome

Morning Session - Chair: Francesco Lippi (EIEF)

09.30 – 10.30 Gianluca Violante (New York University)
"Consumption and House Prices in the Great Recession" (joint with Greg Kaplan and Kurt Mitman)
Discussant: Harald Uhlig (University of Chicago)

10.30 – 11.00 Coffee Break

11.00 – 12.00 Saverio Simonelli (CSEF)
“Does Vote Counting Count? Labor Productivity through the Lens of an Electoral Task” (joint with Ethan Ilzetzki)
Discussant: Alessandra Fogli (Federal Reserve Bank of Minneapolis)

12.00 – 13.00 Luca Dedola (ECB)
“State-Dependent Pricing and the Paradox of Flexibility” (joint with Anton Nakov)
Discussant: John Leahy (University of Michigan)

13.00 – 14.30 Lunch

Afternoon Session - Chair: Sergio Rebelo (Northwestern University)

14.30 – 15.30 Morten Ravn (University College London)
“Time-Consistent Optimal Fiscal Policy in a Debt Crisis” (joint with Neele Balke)
Discussant: Pedro Teles (Universidade Católica Portuguesa)

15.30 – 16.30 Klaus Adam (University of Mannheim)
"The Optimal Inflation Rate and Firm Level Productivity Trends" (joint with Henning Weber)
Discussant: Pierpaolo Benigno (LUISS Guido Carli)

20.30 Dinner (by invitation only)

Saturday, July 09, 2016

Morning Session - Chair: Saverio Simonelli (CSEF)

09.30 – 10.30 Fernando Alvarez (University of Chicago)
“Price plans and the real effects of monetary policy” (joint with Francesco Lippi)
Discussant: Ralph Luetticke (University College London)

10.30 – 11.00 Coffee Break

11.00 – 12.00 Sergio Rebelo (Northwestern University)
“Understanding Oil Prices”
Discussant: Wei Cui (University College London)

12.00 – 13.00 Fabrizio Perri (Federal Reserve Bank of Minneapolis)
“Sustainable Exchange Rates at the Zero Bound” (joint with Manuel Amador, Javier Bianchi, Luigi Bocola)
Discussant: Giancarlo Corsetti (Cambridge University)

13.00 – 14.30 Lunch

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

14.30 – 15.30 Mikhail Golosov (Princeton University)
"Fiscal Policy and Debt Management with Incomplete Markets" (joint with A. Bhandari, D. Evans and T. Sargent)
Discussant: Nicola Pavoni (Bocconi University)

Organizers:
Martin Eichenbaum (Northwestern University)
Francesco Lippi (EIEF)
Morten Ravn (University College London)
Saverio Simonelli (University of Naples Federico II and CSEF)