Department of Economics


Harris Dellas

11-th Hydra Workshop on Dynamic Macroeconomics - Taormina, Sicily, 27 –28 September, 2013

Program (PDF)

Thursday, 26 September

20:30    Welcome Dinner

Day 1 (Friday, 27 September)

09:45 - 10:45    Mandatory disclosure and contagion of interconnected banks (paper)   
Fernando E. Alvarez* (University of Chicago) and Gadi Barlevy
Discussant:    Jennifer La'O (Columbia University)
11:00 - 12:00    Job uncertainty and deep recessions (paper)
Morten Ravn* (UCL) and Vincent Stark
Discussant:    Christian Helwig (University of Toulouse)

12:00 - 13:00    Sentiments and the business cycle
George-Marios Angeletos* (MIT, UTZ), Fabrice Collard and Harris Dellas 
Discussant:    Patrick Feve (University of Toulouse)

13:00 - 14:00 Lunch
14:00 - 15:00    Understanding non-inflationary demand driven business cycles (paper)
Paul Beaudry (University of British Columbia) and Franck Portier* (Toulouse University)
Discussant:    George-Marios Angeletos (MIT, UTZ)

15:15 - 16:15    Debt Deleveraging and the Exchange Rate
Pierpaolo Benigno (Luiss University)
Discussant:    Behzad Diba (Georgetown University)

20:00 Dinner

Day 2 (Saturday, 28 September)

09:45 - 10:45    Taxation, debt, and redistribution (paper)
Anmol Bhandari, David Evans, Mikhail Golosov, Thomas J. Sargent* (NYU)
Discussant:    Francesco Lippi (EIEF, University of Sassari)
11:00 - 12:00    Dynamics of Firms and Trade in General Equilibrium (paper)
Robert Dekle, Hyeok Jeong and Nobu Kiyotaki* (Princeton University)
Discussant:    John Leahy (NYU)

12:00 - 13:00    Credit Spreads and Credit Policies (paper)   
Isabel Correia, Fiorella de Fiore, Pedro Teles and Oreste Tristani*(ECB)
Discussant:    Pietro Reichlin  (Luiss University)

13:00 - 14:30  Lunch

18:30    Trip to Taormina

20:30    Dinner

* = presenting

Organizer: Harris Dellas (University of Bern)
Host: Bank of Italy
Sponsors: Bank of Finland, Bank of Italy,  European Central Bank, Swiss National Bank, University of Bern, University of Toulouse, ERC Starting Grant No. 240819, MACROMOD