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Harris Dellas5th Hydra Workshop on Dynamic Macroeconomics - Santorini, 28-29 September 2007ProgramThursday, September 27th21:00 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 |