16th Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models
Organized by Jesús Fernández-Villaverde, Frank Schorfheide, Keith Sill, and Giorgio Primiceri
October 4-5, 2019
Federal Reserve Bank of Philadelphia
Friday, October 4
8:30 am
Continental Breakfast
9:00 am

The Limits of Forward Guidance

Jeffrey R. Campbell, University of Notre Dame
Filippo Ferroni, Federal Reserve Bank of Chicago
Jonas Fisher, Federal Reserve Bank of Chicago
Leonardo Melosi, European University Institute

Discussant:
Kristoffer Nimark, Cornell University
10:00 am
Break
10:30 am

Aggregate Implications of Changing Sectoral Trends (slides)

Andrew Foerster, Federal Reserve Bank of San Francisco
Andreas Hornstein, Federal Reserve Bank of Richmond
Pierre-Daniel Sarte, Federal Reserve Bank of Richmond
Mark W. Watson, Princeton University and NBER

Discussant:
André Kurmann, Drexel University
11:30 am

What Do Sectoral Dynamics Tell Us About the Origins of Business Cycles?

Christian Matthes, University of Notre Dame
Felipe Schwartzman, Federal Reserve Bank of Richmond

Discussant:
Hikaru Saijo, University of California, Santa Cruz
12:30 pm
Lunch
2:00 pm
Keynote Presentation by Michael Woodford, Columbia University and NBER
3:00 pm
Break
3:30 pm

The Aggregate Labor Supply Curve at the Extensive Margin: A Reservation Wedge Approach

Preston Mui, University of California, Berkeley
Benjamin Schoefer, University of California, Berkeley and NBER

Discussant:
Sergio Salgado, University of Pennsylvania
4:30 pm

Valuation Risk Revalued

Alexander W. Richter, Federal Reserve Bank of Dallas
Nathaniel A. Throckmorton, William & Mary
Oliver de Groot, University of Liverpool

Discussant:
Winston Wei Dou, University of Pennsylvania and NBER
5:30 pm
Adjourn and Reception
Saturday, October 5
5:30 am
Continental Breakfast
9:00 am

Partisan Politics in Fiscal Unions: Evidence from U.S. States

Gerald Carlino, Federal Reserve Bank of Philadelphia
Thorsten Drautzburg, Federal Reserve Bank of Philadelphia
Robert P. Inman, University of Pennsylvania and NBER
Nicholas Zarra, Federal Reserve Board

Discussant:
Karel Mertens, Federal Reserve Bank of Dallas
10:00 am
Break
10:30 am

Simulation Based Matching Inference with Applications to DSGE Models

Bertille Antoine, Simon Fraser University
Lynda Khalaf, Carleton University
Maral Kichian, University of Ottawa
Zhenjiang Lin, The University of Nottingham Ningbo China

Discussant:
Simon Freyaldenhoven, Federal Reserve Bank of Philadelphia
11:30 am

Testing for Multiplicity of Equilibria in a Low Interest Rate Environment (slides)

Sophocles Mavroeidis, University of Oxford

Discussant:
Mikkel Plagborg-Møller, Princeton University
12:30 pm
Adjourn and Lunch