10-th Hydra Workshop on Dynamic Macroeconomics – Ajaccio, Corsica, 28 –29 September, 2012
Information
Venue: Radisson Blu Resort & Spa [external link]
Day 1 (Thursday, September 27)
20:00: Reception – Light dinner
Day 2 (Friday, September 28)
Chair: Benoit Mojon (Bank of France)
09:45-10:45
Fiscal Multipliers: Liquidity Traps and Currency Unions [download]
Emmanuel Farhi* (Harvard University) and Ivan Werning (MIT, NBER)
Discussant: Behzad Diba (Georgetown University)
10:45-11:00
Coffee break
Chair: Carlos Lenz (SNB)
11:00-12:00
Public Debt as Private Liquidity: Optimal Policy
George-Marios Angeletos* (MIT, NBER), Fabrice Collard, Harris Dellas, and Behzad Diba
Discussant: Pedro Teles (Bank of Portugal and Catholic University of Portugal)
12:00-13:00
Fiscal Unions [download]
Emmanuel Farhi (Harvard University) and Ivan Werning* (MIT, NBER)
Discussant: Patrick Kehoe (University of Minnesota, FRB Minneapolis, NBER)
13:00-14:00
Lunch
Chair: Jouko Vilmunen (Bank of Finland)
14:00-15:00
A Theory of Asset Prices Based on Heterogeneous Information
Elias Albagli, Christian Hellwig* (University of Toulouse), Aleh Tsyvinski
Discussant: Felix Kubler (UZH, SFI)
15:00-16:00
Precautionary Saving over the Business Cycle [download]
Edouard Challe* (Ecole Polytechnique, CREST and Banque de France ) and Xavier Ragot (Paris School of Economics and Banque de France)
Discussant: Morten Ravn (UCL)
19:30-21:30: Dinner, Radisson Blu
Day 3 (Saturday, September 29)
Chair: Antti Ripatti (University of Helsinki)
10.00-11.00
The Role of Automatic Stabilizers in the U.S. Business Cycle [download]
Alisdair McKay and Ricardo Reis* (Columbia University, NBER)
Discussant: Mark Bils (University of Rochester)
11:00-11:15
Coffee break
Chair: Daniele Terlizzese (EIEF, Bank of Italy)
11.15-12.15
The Puzzling Behavior of Sectoral Real Exchange Rates [download]
Patrick Kehoe (University of Minnesota, FRB Minneapolis, NBER)
Discussant: Franck Portier (University of Toulouse)
12.15-13.15
Financial Health Economics [download]
Ralph Koijen, Tomas Philipson and Harald Uhlig* (University of Chicago, CentER, NBER and CEPR)
Discussant: Oreste Tristani (ECB)
13.15-14.30
Lunch
20:30 Dinner (Ajaccio)
* = presenting
Organizer
Harris Dellas (University of Bern)
Host
Bank of France
Sponsors
Bank of France
European Central Bank
Swiss National Bank
Bank of Finland
University of Bern