Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models

 

Hosted by Federal Reserve Bank of Philadelphia. 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), Giorgio Primiceri (Northwestern and NBER), Frank Schorfheide (Penn and NBER), and Keith Sill (FRB Philadelphia)

 

Friday October 14, 2011

 

09:00 – 10:00

Alejandro Justiniano (FRB Chicago), Giorgio Primiceri (Northwestern and NBER), and Andrea Tambalotti (FRB New York): “Is There a Trade-off Between Inflation and Output Stabilization?”

Discussant: TBA

10:00 – 10:30

Coffee Break

10:30 – 11:30

Susanto Basu (Boston College and NBER) and Brent Bundick (Boston College): “Uncertainty Shocks in a Model of Effective Demand”
Discussant: Cosmin Illut (Duke)

11:30 – 12:30

 
Leonardo Melosi (London Business School): “Public’s Inflation Expectations and Monetary Policy”

Discussant: Marco Del Negro (FRB New York)

12:30 – 02:00

Lunch Break

02:00 – 03:00

 
Gianni Amisano (ECB) and Oreste Tristani (ECB): “A DSGE Model of the Term Structure with Regime Shifts”

Discussant: Francesco Bianchi (Duke)

03:00 – 04:00

 
Gianluca Benigno (LSE), Pierpaolo Benigno (LUISS), and Salvatore Nistico (LUISS): “Second-Order Approximation of Dynamic Models with Time-Varying Risk”

Discussant: Juan Rubio (Duke)

 

04:00 – 04:30

Coffee Break

04:30 – 05:30

 
Matthew Smith (Board of Governors): “Estimating Nonlinear Economic Models Using Surrogate Transitions”

Discussant: Ed Herbst (Board of Governors)

 

 

Saturday, October 15, 2011

 

 

09:00 – 10:00

Boragan Aruoba (Maryland), Luigi Bocola (Penn), and Frank Schorfheide (Penn and NBER): “A New Class of Nonlinear Time Series Models for the Evaluation of DSGE Models”

Discussant: Karel Mertens (Cornell)

10:00 – 10:30

Coffee Break

10:30 – 11:30

Atsushi Inoue (NC State) and Lutz Kilian (Michigan): “Inference on Impulse Response Functions in Structural VAR Models”

Discussant: Tao Zha (FRB Atlanta, Emory, and NBER)

11:30 – 12:30

Pablo Guerron-Quintana (FRB Philadelphia): “Measuring Common and Idiosyncratic Disturbances in Small Open Economies”
Discussant: Jesper Linde (Board of Governors)

12:30 – 02:00

Lunch / Departure