13th Workshop on Methods and
Applications for Dynamic Stochastic General Equilibrium Models
Hosted by Federal Reserve
Bank of Chicago. The workshop also serves as a mid-year meeting of the NBER
EFSF Workgroup on Methods and Applications for DSGE Models.
Organizers:
Jesus Fernandez-Villaverde
(Penn and NBER), Alejandro Justiniano (FRB Chicago), Leonardo Melosi (FRB
Chicago), Giorgio Primiceri (Northwestern and NBER), and Frank Schorfheide
(Penn and NBER)
Friday October 14, 2016
09:30‑10:15 |
James Hamilton (UC San Diego): Why You Should Never
Use the Hodrick-Prescott filter |
10:15‑10:30 |
Coffee Break |
10:30‑11:15 |
Edward Herbst (Board of Governors) and Frank Schorfheide (Penn and NBER):
Tempered Particle Filtering |
11:15‑12:00 |
Leland E. Farmer (UC San Diego) The Discretization
Filter: A Simple Way to Estimate Nonlinear State Space Models
|
12:00‑1:00 |
Lunch |
1:00‑2:00 |
Andre
Kurmann (Drexel) and Eric Sims (Notre Dame): Revisions in
Utilization-Adjusted TFP and the Robust Identification of News Shocks Discussant: Susantu Basu (Boston College) |
2:00‑3:00 |
Minchul Shin
(U. of Illinois) and Molin Zhong
(Board of Governors): A New Approach to Identifying the Real Effects of
Uncertainty Shocks Discussant: Drew Creal (Chicago Booth) |
3:00‑3:30 |
Coffee Break |
3:30‑04:30 |
Thomas Lubik
(FRB Richmond), Christian Matthes
(FRB Richmond) and Elmar Mertens
(Board of Governors): Indeterminacy and Imperfect Information Discussant: Todd Walker (Indiana University) |
04:30‑05:30 |
Lawrence Christiano (Northwestern and NBER), Martin S. Eichenbaum (Northwestern and
NBER) and Ben Johannsen (Board of
Governors): Does the New Keynesian Model Have a Uniqueness Problem? |
6:00 |
Reception /
Dinner |
Saturday, October 15, 2016
09:00‑10:00 |
Ricardo Masolo (Bank of England) and Francesca
Monti (Bank of England): Ambiguity, Monetary Policy and Trend Inflation Cosmin Illut
(Duke) |
10:00‑10:30 |
Coffee Break |
10:30‑11:30 |
Christoph Gortz (U. of Birmingham), John
Tsoukalas (U. of Glasgow) and Francesco
Zanetti (U. of Oxford): News Shocks under Financial Frictions Discussant: Albert Queralto (Board of Governors) |
11:30‑12:30 |
Cynthia Wu (Chicago Booth) and Ji Zhang (Tsinghua PBC): A Shadow Rate
DSGE Model Discussant: Boragan Aruoba (Maryland) |
12:30‑02:00 |
Lunch / Departure |