5-th Hydra Workshop on Dynamic Macroeconomics

Information
Program
List of Participants
Local Information

Thursday, September 27th

21:00
Dinner

Day 1 (Friday, September 28th

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

Chair: Plutarchos Sakellaris (AUEB)

09:10-10:10
Search and Rest Unemployment [download]
Robert Shimer* (University of Chicago) and Fernando Alvarez (University of Chicago)

Discussant:
Morten Ravn (European University Institute, CEPR)

10:10-10:30
Coffee break

Chair: Marcel Savioz (Swiss National Bank)

10:30-11:30
Fragile Beliefs and the Price of Model Uncertainty [download]
Thomas Sargent* (New York University) and Lars Peter Hansen (University of Chicago)

Discussant:
Fabio Canova (Universitat Pompeu Fabra, AMeN) [download]

11:30-12:30
Sales and the Real Effects of Monetary Policy [download]
Patrick Kehoe* (Federal Reserve Bank of Minneapolis, University of Minnesota, NBER) and Virgiliu Midrigan (Federal Reserve Bank of Minneapolis, New York University)

Discussant:
Fabrice Collard (Université de Toulouse) [download]

12:45-14:00
Lunch

Chair: Frank Smets (European Central Bank)

14:00-15:00
The Role of Social Networks in Bank Lending
Luigi Guiso* (European University Institute, Ente ‘Luigi Einaudi’)

Discussant:
Michael Haliassos (University of Frankfurt) [download]

15:00-16:00
Nominal Debt as a Burden on Monetary Policy [download]
Ramon Marimon* (European University Institute, Universitat Pompeu Fabra-CREi, CEPR, NBER), Javier Díaz-Giménez (Universidad Carlos III de Madrid), Giorgia Giovanetti (Università die Firenze) and Pedro Teles (Federal Reserve Bank of Chicago, CEPR)

Discussant:

Luca Dedola (European Central Bank) [download]

21:00
Dinner

Day 2 (Saturday, September 29th)

Chair: Jean-Marc Natal (Swiss National Bank)

10:00-11:00
The Role of Debt and Equity Finance over the Business Cycle [download]
Wouter den Haan* (University of Amsterdam) and Francisco Covas (Bank of Canada)

Discussant:
Fiorella di Fiore (European Central Bank) [download]

11:00-11:30
Coffee break

Chair: Rafael Wouters (National Bank of Belgium)

11:30-12:30
Home Bias in Goods and Assets [download]
Behzad Diba* (Georgetown University), Fabrice Collard (University of Toulouse), Harris Dellas (University of Bern) and Alan Stockman (University of Rochester)

Discussant:
Robert Kollmann (Free University of Brussels)

12:30-13:30
Sovereign Risk and Secondary Markets [download]
Jaume Venturea* (Universitat Pompeu Fabra), Fernando Broner (Universitat Pompeu Fabra) and Alberto Martin (Universitat Pompeu Fabra)

Discussant:
Apostolis Philippopoulos (AUEB) [download]

13:30-14:45
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