16th Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models

Jesús Fernández-Villaverde, Frank Schorfheide, Keith Sill, and Giorgio Primiceri, Organizers

October 4-5, 2019

Federal Reserve Bank of Philadelphia

Conference Code of Conduct

Friday, October 4
8:30 am
Continental Breakfast
9:00 am
Jeffrey R. Campbell, University of Notre Dame
Filippo Ferroni, Federal Reserve Bank of Chicago
Jonas Fisher, Federal Reserve Bank of Chicago
Leonardo Melosi, University of Warwick

The Limits of Forward Guidance
Discussant: Kristoffer Nimark, Cornell University
10:00 am
Break
10:30 am
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

Aggregate Implications of Changing Sectoral Trends (slides)
Discussant: André Kurmann, Drexel University
11:30 am
Christian Matthes, Indiana University
Felipe Schwartzman, Federal Reserve Bank of Richmond

What Do Sectoral Dynamics Tell Us About the Origins of Business Cycles?
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
Preston Mui, University of California at Berkeley
Benjamin Schoefer, University of California, Berkeley and NBER

The Aggregate Labor Supply Curve at the Extensive Margin: A Reservation Wedge Approach
Discussant: Sergio Salgado, University of Pennsylvania
4:30 pm
Alexander W. Richter, Federal Reserve Bank of Dallas
Nathaniel A. Throckmorton, William & Mary
Oliver de Groot, University of Liverpool

Valuation Risk Revalued
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
Gerald Carlino, Federal Reserve Bank of Philadelphia
Thorsten Drautzburg, Federal Reserve Bank of Philadelphia
Robert P. Inman, University of Pennsylvania and NBER
Nicholas Zarra, New York University

Partisan Politics in Fiscal Unions: Evidence from U.S. States
Discussant: Karel Mertens, Federal Reserve Bank of Dallas
10:00 am
Break
10:30 am
Bertille Antoine, Simon Fraser University
Lynda Khalaf, Carleton University
Maral Kichian, University of Ottawa
Zhenjiang Lin, The University of Nottingham Ningbo China

Simulation Based Matching Inference with Applications to DSGE Models
Discussant: Simon Freyaldenhoven, Federal Reserve Bank of Philadelphia
11:30 am
Sophocles Mavroeidis, University of Oxford

Testing for Multiplicity of Equilibria in a Low Interest Rate Environment (slides)
Discussant: Mikkel Plagborg-Møller, Princeton University
12:30 pm
Adjourn and Lunch