10-th Hydra Workshop on Dynamic Macroeconomics – Ajaccio, Corsica, 28 –29 September, 2012

Information

Venue: Radisson Blu Resort & Spa [external link]

Program

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

Copyright © 2020 Harris Dellas