Navigation Path: Home > Events > Conferences & seminars > Financial Markets and Macroeconomic Stability
Conference Room CIV, Eurotower
Monday, 15 to Tuesday, 16 December 2008
Frankfurt am Main
| 08:30-09:10 | Registration / Coffee | |
| Session 1 – Financial Markets and the Macroeconomy Session Chair: Michael Woodford, Columbia University |
||
| 09:10-10:00 | Equity Depletion from Government-Guaranteed Debt |
|
| 10:00-10:20 | Opening Remarks Jean-Claude Trichet, President of the European Central Bank |
|
| 10:20-11:10 | Bankruptcy Filings and Aggregate Fluctuations in Growth Economies Makoto Nakajima (University of Illinois) with José-Víctor Ríos-Rull (University of Minnesota and NBER) Discussant: Kosuke Aoki (London School of Economics) en |
|
| 11:10-11:30 | Coffee | |
| 11:30-12:20 | Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Asset Markets Simon Gilchrist (Boston University and NBER) with Vladimir Yankov (Boston University) and Egon Zakrajšek (Federal Reserve Board)
|
|
| 12:20-13:10 | Does Monetary PolicyAffect Bank Credit Standards? Angela Maddaloni (European Central Bank) with José Luis Peydró and Silvia Scopel (European Central Bank)
|
|
| 13:10-14:20 | Lunch (Foyer,CIV) | |
| Session 2 – Financial Markets and the Monetary Policy Session Chair: Mr. Philippe Moutot, Deputy Director General Economics, European Central Bank |
||
| 14:20-15:10 | Financial Factors in Economic Fluctuations Lawrence Christiano (Northwestern University, Federal Reserve Bank of Chicago and NBER) with Roberto Motto and Massimo Rostagno (European Central Bank) Discussant: Stephanie Schmitt-Grohé (Columbia University, Duke University) |
|
| 15:10-16:00 | Credit and Banking in a DSGE Model Luca Sessa (Banca d’Italia) with Andrea Gerali, Stefano Neri and Federico Signoretti (Banca d’Italia) Discussant: Jesper Lindé (Federal Reserve Bank of Chicago) 2.06 MB en |
|
| 16:00-16:20 | Coffee | |
| 16:20-17:10 | Monetary Policy and the Financing of Firms
|
|
| 17:10-18:00 | Credit Frictions and Optimal Monetary Policy Michael Woodford (Columbia University) with Vasco Cúrdia (Federal Reserve Bank of NewYork) Discussant: V. V. Chari (University of Minnesota and Federal Reserve Bank of Minneapolis) |
|
| 19:40-20:00 | Walk to restaurant Meeting points: reception area of the Fleming Deluxe Frankfurt-City and InterCity Frankfurt hotels |
|
| 20:00-23:00 | Dinner at the Restaurant Opéra, Opernplatz 1, 60313 Frankfurt am Main |
| Session 3 – Housing Markets and the Macroeconomy Session Chair: Frank Smets, Director General Research, European Central Bank |
||
| 09:00-09:50 | Housing over the Life Cycle and over the Business Cycle Matteo Iacoviello (Boston College) with Marina Pavan (Boston College)
|
|
| 09:50-10:40 | Winners and Losers in Housing Markets Alexander Michaelides (London School of Economics, CEPR and FMG) with Nobuhiro Kiyotaki (Princeton University) and Kalin Nikolov (Bank of England and London School of Economics)
|
|
| 10:40-11:00 | Coffee | |
| 11:00-11:50 | Household External Finance and Consumption Paolo Surico (Bank of England) with Timothy Besley (Bank of England and London School of Economics) and Neil Meads (Bank of England) Discussant: Jirka Slacalek (European Central Bank) en |
|
| 11:50-12:40 | Monetary Policy and Housing Prices in an Estimated DSGE for the US and the EuroArea Matthieu Darracq Pariès (European Central Bank) with Alessandro Notarpietro (Banca d’Italia)
|
|
| 12:40-14:00 | Lunch (ET02 dining room) | |
| Session 4 – Financial Regulation and Macroeconomic Stability Session Chair: Ignazio Angeloni Adviser to the Executive Board, European Central Bank |
||
| 14:00-14:50 | Understanding the International Great Moderation Vincenzo Quadrini (University of Southern California) with Fabrizio Perri (University of Minnesota and Federal Reserve Bank of Minneapolis)
|
|
| 14:50-15:40 | The Domestic and International Effects of Financial Deregulation
|
|
| 15:40-16:00 | Coffee | |
| 16:00-16:50 | Systemic Risk-Taking: Amplification Effects, Externalities, and Regulatory Responses Anton Korinek (University of Maryland)
|
|
| 18:00-18:15 | Meeting point: Eurotower main entrance. Walk to Römer. | |
| 18:15-18:45 | Informal walk around Frankfurt’s Christmas Market. | |
| 19:00-22:00 | Dinner at the Steinernes Haus, Braubachstr. 35, 60311 Frankfurt am Main (only for those participants who will leave Frankfurt on 17 December) |
For each paper, the author has 30 minutes and the discussant 10 minutes, with a further 10 minutes allocated for general discussion.
| Organisers: | Lawrence J.Christiano (Northwestern University & Federal Reserve Bank of Chicago and NBER) |
| Fiorella De Fiore (European Central Bank) | |
| Massimo Rostagno (European Central Bank) | |
| Oreste Tristani (European Central Bank) | |
| Michael Woodford (Columbia University) |
