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The European Central Bank (ECB) and the Athens Laboratory of Economic Policy Studies (IMOP) are organising the second of an annual series of Workshops on Dynamic Macroeconomics on 4-5 June 2004. This year's event is also supported by the Bank of Greece (BoG) and the Swiss National Bank (SNB). The two focal points of these workshops are the study of quantitative dynamic stochastic general equilibrium (DSGE) models (especially of the euro area) and the empirical analysis of micro-economic data that can provide insights for macro-economic modelling.
The workshop is co-organised by Plutarchos Sakellaris (University of Maryland, AUEB & IMOP) and Frank Smets (ECB). An advisory committee, consisting of Orazio Attanasio (University College London), Fabio Canova (Pompeu Fabra University), Harris Dellas (University of Bern & IMOP), Wouter DenHaan (London Business School), Luigi Guiso (University of Sassari, Ente Luigi Einaudi), Sergio Rebelo (Kellogg School of Management), Harald Uhlig (Humboldt Universität Berlin), Jean-Marc Natal (Swiss National Bank) and George Tavlas (Bank of Greece), has assisted in drawing up the programme.
As soon as available, it will be possible to download the papers by clicking on their title in the draft programme below. Attendance at the conference is by invitation only. Please address any correspondence to Ioanna Griva (IMOP) using the following e-mail address imop@aueb.gr Participants can find local information in this pdf document: ( pdf 159 kB ).
| 9:00 - 9:15 | Welcome |
| Chair: Frank Smets (ECB) | |
| 9:15 - 10:30 | Financing Constraints and Investment Dynamics pdf 587 kB Andrea Caggese (University Pompeu Fabra) |
| Discussants: Discussants: Jagjit Chadha (St Andrews) and Nobuhiro Kiyotaki (LSE) | |
| 10:30 - 10:45 | Coffee break |
| 10:45 - 12:00 | Dynamics of Labor Demand: Evidence From Plant-level Observations and Aggregate Implications pdf 359 kB Russell Cooper (Boston University), John Haltiwanger (University of Maryland) and Johnathan Willis (Federal Reserve Bank of Kansas City) |
| Discussants: Gerard Pfann (University of Maastricht) and Julian Messina (ECB) | |
| 12:00 - 13:15 | Partial Adjustment Without Apology pdf 461 kB Robert King (Boston University) and Julia Thomas (University of Minnesota) |
| Discussants: Frank Schorfheide (University of Pennsylvania) and Sumru Altug (Koc University) | |
| 13:15 - 14:30 | Light Lunch |
| Chair: George Hondroyiannis (Bank of Greece) | |
| 17:00 -18:15 | Innovation, Investment and Productivity: Evidence From Spanish Firms pdf 243 kB Omar Licandro (European University Institute), Reyes Maroto (Universidad Carlos III) and Luis Puch (Complutense University) |
| Discussants: Laura Botazzi (IGIER-Bocconi) and Luigi Guiso (University of Sassari, Ente Luigi Einaudi & CEPR) | |
| 18:15 -18:30 | Coffee break |
| 18:30 - 19:45 | Financial Market Structure and Aggregate Fluctuations pdf 347 kB Fiorella De Fiore (ECB) and Harald Uhlig (Humboldt University) |
| Discussants: Jagjit Chadha (St Andrews) and Nobuhiro Kiyotaki (LSE) | |
| 21.00 | Dinner |
| Chair: Jean-Marc Natal (Swiss National Bank) | |
| 9:00 - 10:15 | Adjustment is Much Slower Than You Think pdf 208 kB Ricardo Caballero (MIT), Eduardo Engel (Yale University) |
| Discussants: Fabiano Schivardi (Bank of Italy) and Filippo Altissimo (ECB) | |
| 10:15 -10:30 | Coffee break |
| 10:30 - 11:45 | Bayesian Estimation of an Open Economy DSGE Model With Incomplete Pass-Through pdf 972 kB Malin Adolfson, Stefan Laséen, Jesper Lindé and Mattias Villani (Sveriges Riksbank) |
| Discussants: Gabriel Fagan (European Central Bank) and Fabio Canova (Bocconi University) | |
| 11:45 - 13:15 | Ramsey Monetary Policy With Financial Distortions Ester Faia (Pompeu Fabra) |
| Discussants: Harris Dellas (University of Bern) and Fabio Ghironi (Boston College) | |
| 13.15 - 14:15 | Light Lunch |
| Chair: Plutarchos Sakellaris (University of Maryland, AUEB & IMOP) | |
| 17:00 - 18:15 | Medium Term Business Cycles pdf 620 kB Diego Comin (NewYork University) and Mark Gertler (New York University) |
| Discussants: Susanto Basu (University of Michigan) and Mehmet Yorukoglu (University of Chicago) | |
| 18:15 - 18:30 | Coffee break |
| 18:30 - 19:45 | International Trade and Macroeconomic Dynamics With Heterogeneous Firms pdf 511 kB Fabio Ghironi (Boston College) and Marc Melitz (Harvard University) |
| Discussants: Jonathan Eaton (New York University) and Giancarlo Corsetti (European University Institute) | |
| 21.00 | Dinner |
| Organizers: Plutarchos Sakellaris (University of Maryland, AUEB & IMOP) Frank Smets (ECB) |
