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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2012

Workshop on Methods and Applications for Dynamic Stochastic

General Equilibrium Models

Jesus Fernandez-Villaverde and Frank Schorfheide, Organizers

July 12 and 13, 2012

Royal Sonesta Hotel

Charles A

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

PRELIMINARY PROGRAM

WEDNESDAY, JULY 11:
6:00 pm	Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA
THURSDAY, JULY 12
12:00 n	Lunch
1:00 pm	James Stock, Harvard University and NBER Mark Watson, Princeton University and NBER Disentangling the Channels of the 2007-2009 Recession
2:00 pm	Volker Wieland, Goethe University Frankfurt Maik Wolters, Goethe University Frankfurt Forecasting and Policy Making
3:00 pm	Break
3:30 pm	Francesco Bianchi, Duke University Cosmin Ilut, Duke University Martin Schneider, Stanford University and NBER Business Cycles and Asset Prices: The Role of Volatility Shocks under Ambiguity Aversion
4:30 pm	Jaroslav Borovicka, University of Chicago Lars P. Hansen, University of Chicago and NBER Examining Macroeconomic Models through the Lens of Asset Pricing
5:30 pm	Adjourn
FRIDAY, JULY 13:
12:00 n	Lunch
1:00 pm	Francesco Bianchi, Duke University Leonardo Melosi, London Business School Inflationary Sentiments and Monetary Policy Communication
2:00 pm	Gauti Eggertsson, Federal Reserve Bank of New York Saroj Bhattarai, Pennsylvania State University Raphael Schoenle, Brandeis University Is Increased Price Flexibility Stabilizing? Redux
3:00 pm	Break
3:30 pm	Luca Benati, University of Bern Thomas Lubik, FRB Richmond Sales, Inventories, and Real Interest Rates: A Century of Stylized Facts
4:30 pm	Claudia Foroni, European University Institute Massimiliano Marcellino, European University Institute Mixed-Frequency Structural Models: Identification, Estimation, and Policy Analysis
5:30 pm	Adjourn