6-th Hydra Workshop on Dynamic Macroeconomics

Information
Program
List of Participants
Local Information

Day 1 (Thursday, October 2nd)

21:00
Dinner

Day 2 (Friday, October 3rd)

Chair: Harris Dellas (University of Bern)

09:30-10:30
The Vanishing Procyclicality of Labor Productivity and the Great Moderation [download]
Jordi Galí* (CREI, Universitat Pompeu Fabra) and Thijs van Rens (CREI, Universitat Pompeu Fabra)

Discussant:

Evi Pappa (Univeritat Autònoma Barcelona)

10:30-11:30
Welfare Policy and the Sectoral Distribution of Employment
Christopher Pissarides* (London School of Economics) and L. Rachel Ngai (London School of Economics)

Discussant:
Wouter den Haan (University of Amsterdam)

11:30-11:45
Coffee break

11:45-12:45
Spillover from Good Jobs [download]
Paul Beaudry* (University of British Columbia)

Discussant:
Costas Meghir (University College London)

12:45-13:45
Lunch

Chair: Marcel Savioz (SNB)

13:45-14:45
The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy [download]
Per Krusell* (Princeton University) and Erika Färnstrand (IIES Stockholm)

Discussant:
Fabrice Collard (University of Toulouse)

14:45-15:45
How Far Are We from the Slippery Slope? The Laffer Curve Revisited [download]
Harald Uhlig* (University of Chicago) and Mathias Trabandt (Sveriges Riksbank)

Discussant:
Pedro Teles (BoP, Universidade Católica Portuguesa)

16:15
Excurstion

21:00
Dinner

Day 3 (Saturday, October 4th)

Chair: Apostolis Philippopoulos (AUEB)

09:30-10:30
Dispersed Information of the Business Cycle: Optimal Fiscal and Monetary Policy [download]
George-Marios Angeletos* (MIT) and Jennifer La’O (MIT)

Discussant:
Philippe Bacchetta (University of Lausanne)

10:30-11:30
Decentralized Trading with Private Information [download]
Mikhail Golosov* (MIT), Guido Lorenzoni (MIT), and Aleh Tsyvinski (Yale University)

Discussant:
Nikos Vettas (AUEB)

11:30-11:50
Coffee break

Chair: Benoit Mojon (Banque de France)

11:50-12:50
The Behavior of Small and Large Firms over the Cycle [download]
Patrick Kehoe* (Federal Reserve Bank of Minneapolis), V.V. Chari (Federal Reserve Bank of Minneapolis), and Lawrence Christiano (Northwestern University)

Discussant:
Orest Tristani (European Central Bank)

12:50-13:50
A Multiplier Approach to Understanding the Macro Implications of Household Finance [download]
Harold Cole* (University of Pennsylvania), YiLi Chien (Purdue University), and Hanno Lustig (UCLA)

Discussant:
Igor Makarov (London Business School)

14:00-15:00
Lunch

16:00-19:30
Excursion

20:30
Dinner

Organizers
Harris Dellas (University of Bern)
Plutarchos Sakellaris (AUEB, IMOP & Ministry of Economy and Finance)
Frank Smets (European Central Bank)

* = presenting