4-th Hydra Workshop on Dynamic Macroeconomics

Information
Program
List of Participants

Thursday, June 15th

21:00
Dinner

Day 1 (Friday, June 16th)

09:00-09:10
Welcome: Plutarchos Sakellaris (AUEB)

Chair: Plutarchos Sakellaris (AUEB)
09:15-10:30
Gold Rush Fever in Business Cycles
Franck Portier* (Université de Toulouse, AMeN), Paul Beaudry (University of British Columbia) and Fabrice Collard (Université de Toulouse)

Discussant:
Evi Pappa (Università Autònoma Barcelona) and Oreste Tristani (ECB)

10:30-10:45
Coffee break

Chair: Jean-Marc Natal (SNB)
10:45-12:00
A Theory of Growth and Cycles
Michele Boldrin* (University of Minnesota) and Jesús Fernández-Villaverde (University of Pennsylvania)

Discussant:
Bart Hobijn (Federal Reserve Bank of New York) and Pietro Reichlin (LUISS, Roma)

12:00-13:15
Can News about the Future Drive the Business Cycle
Sergio Rebelo* (Northwestern University) and Nir Jaimovich (UCSD)

Discussant:
Fabrice Collard (Université de Toulouse) and Wouter Denhaan (London Business School)

13:15-14:30
Light lunch

Chair: Frank Smets (European Central Bank)
17:00-18:15
Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence from World War II
Lee Ohanian* (UCLA) and Ellen McGrattan (Federal Reserve Bank of Minneapolis)

Discussant:
Dirk Niepelt (Study Center Gerzensee, IIES Stockholm) and Roberto Perotti (IGIER-Università Bocconi)

18:15-18:30
Coffee break

18:30-19:45
Volatility and Dispersion in Business Growth Rates: Publicly Traded versus Privately Held Firms
Steve Davis* (University of Chicago), John Haltiwanger (University of Maryland), Ron Jarmin (U.S. Census Bureau) and Javier Miranda (Universidad de Gran Canaria)

Discussant:
Wouter Denhaan (London Business School) and Martin Ellison (Warwick University)

21:00
Dinner

Day 2 (Saturday, June 17th)

Chair: Harris Dellas (University of Bern)
9:00-10:15
Back to Square One: Identification Issues in DSGE Models
Fabio Canova* (Universitat Pompeu Fabra, AMeN) and Luca Sala (Università Bocconi)

Discussant:
Andreas Beyer (European Central Bank) and Patrick Fève (Université de Toulouse)

10:15-10:30
Coffee break

Chair: Frank Smets (European Central Bank)
10:30-11:45
Taxes, Wedges and Labour Supply: Evidence from OECD Countries, 1956-2004
Richard Rogerson* (Arizona State University), Lee Ohanian (UCLA) and Andrea Raffo (Federal Reserve Bank of Kansas City)

Discussant:
Mark Doms (Federal Reserve Bank of San Francisco) and Christian Haefke (Universitat Pompeu Fabra)

11:45-13:15
Stock Market Volatility and Learning
Klaus Adam* (European Central Bank), Albert Marcet (Universitat Pompeu Fabra) and Juan Pablo Nicolini (Universidad Torcuato die TElla)

Discussant:
Bartosz Mackowiak (Humboldt University)

13:15-14:15
Light lunch

21:00
Dinner

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

* = presenting