92 sessions, 330 papers

SCE - Computing in Economics and Finance 2010
Complete List of All Sessions

Session 1: A3: Banking and Systemic Risk
Session Chair: Daniel Ladley, University of Leicester
Date: July 15, 2010
Time: 9:20 - 11:00
Location: AG21
Interbank overnight interest rates - gains from systemic importance
By Casper Christophersen; Norges Bank Farooq Akram; Norges Bank
Presented by: Casper Christophersen, Norges Bank
The Overnight Interbank Market. Simple Statistics and Facts Before and During the Credit Crisis.
By Mauro Politi; Ecole Centrale Paris & Marburg University Giulia Iori; City University London Guido Germano; Marburg University Gianpaolo Gabbi; University of Siena
Presented by: Guido Germano, Philipps-University Marburg
Macroeconomic Factors and Bank Risk
By Claudia M. Buch; University of Tuebingen, CESifo, IAW Sandra Eickmeier; Deutsche Bundesbank Esteban Prieto; University of Tuebingen
Presented by: Esteban Prieto, University of Tuebingen
An Economic Model of Contagion in Interbank Lending Networks
By Daniel Ladley; University of Leicester
Presented by: Daniel Ladley, University of Leicester

Session 2: A1: Agent-Based Models of Financial Markets I
Session Chair: Youwei Li, Queen's University Belfast
Date: July 15, 2010
Time: 9:20 - 11:00
Location: Great Hall
How Does Overconfidence Affect Asset Pricing, Volatility, and Volume?
By Chia-Hsuan Yeh; Yuan Ze University Chun-Yi Yang; Tinbergen Institute
Presented by: Chia-Hsuan Yeh, Yuan Ze University
What Makes the Market in a Market without Market-makers?
By Austin Gerig; University of Technology, Sydney Kristoffer J Glover; University of Technology, Sydney
Presented by: Kristoffer Glover, University of Technology, Sydney
Market Maker, Stability and Power-law Behaviour
By Youwei Li; Queen's University Belfast Xue-Zhong He; University of Technology, Sydney
Presented by: Youwei Li, Queen's University Belfast
Mass Psychology in Action: Identification of Social Interaction Effects in the German Stock Market
By Thomas Lux; University of Kiel & Kiel Institute for the World Economy
Presented by: Thomas Lux, University of Kiel

Session 3: A2: Monetary Credibility and Transparency
Session Chair: Giuseppe Ferrero, Bank of Italy
Date: July 15, 2010
Time: 9:20 - 11:00
Location: A130
The Non-Transparency of Timeless Rules
[slides]
By Martin Ellison; Oxford University Joseph Pearlman; London Metropolitan University Brian Henry; National Institute of Economic and Social Research
Presented by: Joseph Pearlman, London Metropolitan University
How clarity about the inflation objective anchors inflation expectations
By Anna Lipinska; Bank of England Anthony Yates; Bank of England
Presented by: Anna Lipinska, Bank of England
Credibility of Central Bank Communication and Monetary Policy Transitions
By Richhild Moessner; Bank for International Settlements
Presented by: Richhild Moessner, Bank for International Settlements
Publishing the Central Bank’s Interest Rate Projections and Learning
[slides]
By Giuseppe Ferrero; Bank of Italy Alessandro Secchi; Bank of Italy
Presented by: Giuseppe Ferrero, Bank of Italy

Session 4: A4: International Economics I
Session Chair: Alexandre Dmitriev, University of New South Wales
Date: July 15, 2010
Time: 9:20 - 11:00
Location: AG22
Time-separability of Preferences and International Business Cycles with Incomplete Markets
By Alexandre Dmitriev; University of New South Wales
Presented by: Alexandre Dmitriev, University of New South Wales
On the Measurement of Technological Progress Across Countries
By Jakub Growiec; Warsaw School of Economics & National Bank of Poland
Presented by: Jakub Growiec, Warsaw School of Economics & National Bank of Poland

Session 5: A5: Computational Methods and Applications
Session Chair: Elmar Mertens, Federal Reserve Board
Date: July 15, 2010
Time: 9:20 - 11:00
Location: A225
Homotopy Methods for Reliable Projection Method Computations with Dynamic Stochastic Models
[slides]
By Gary S. Anderson; Federal Reserve Board
Presented by: Gary Anderson, Board of Governors, Federal Reserve
Excessively Volatile Stock Markets: Computation and Policy Analysis
By Thomas M. Mertens; NYU Stern School of Business
Presented by: Thomas Mertens, New York University
Computing Optimal Sustainable Monetary Policy
By Takeki Sunakawa; The Ohio State University and Bank of Japan
Presented by: Takeki Sunakawa, Ohio State University and Bank of Japan
Discreet Commitments and Discretion of Policymakers with Private Information
By Elmar Mertens; Federal Reserve Board
Presented by: Elmar Mertens, Federal Reserve Board

Session 6: A7: Asset Pricing, Risk Premium and Portfolio Decisions
Session Chair: Pawel Zabczyk, Bank of England
Date: July 15, 2010
Time: 9:20 - 11:00
Location: AG11
Asset Pricing with Concentrated Ownership of Capital
By Kevin J. Lansing; Federal Reserve Bank of San Francisco
Presented by: Kevin Lansing, Federal Reserve Bank of San Francisco
From the IPO to the First Trade: Is Underpricing Related to the Trading Mechanism?
By Moez Bennouri - Rouen Business School Sonia Falconieri - Cass Business School Daniel Weaver - Rutgers Business School
Presented by: Sonia Falconieri, Cass Business School
Bank Lending, Housing Collateral and Stabilisation Policy
By Jagjit S. Chadha; University of Kent Germana Corrado; University of Rome Tor Vergata Luisa Corrado; University of Cambridge
Presented by: Luisa Corrado, University of Cambridge and University
An Efficient Method of Computing High Order Perturbation Approximations to the Yield Curve
By Martin Andreasen; Bank of England Pawel Zabczyk; Bank of England
Presented by: Pawel Zabczyk, Bank of England

Session 7: A9: Finance I
Session Chair: Charles Bos, Vrije Universiteit Amsterdam
Date: July 15, 2010
Time: 9:20 - 11:00
Location: AG10
On Endogenous Option Prices in a Dynamic CAPM
By Jan Wenzelburger; Keele University
Presented by: Jan Wenzelburger, Keele University
A Comparative Analysis of Neurofuzzy, ANN and ARIMA Models for Brazilian Stock Index Forecasting
By Rodrigo Lanna F. da Silveira; State University of Campinas Lilian Maluf de Lima; State University of Campinas Ivette R. Luna Huamaní; State University of Campinas Rosangela Ballini; University of Campinas
Presented by: Rosangela Ballini, University of Campinas
On Hurst Exponent Estimation Under Heavy-tailed Distributions
By Jozef Barunik; Charles University, Prague and Academy of Sciences of the Czech Republic Ladislav Kristoufek; Charles University, Prague and Academy of Sciences of the Czech Republic
Presented by: Ladislav Kristoufek, Charles University
Dynamic Correlations and Minimum Variance Portfolio Construction
By Charles S. Bos; Vrije Universiteit Amsterdam Phillip Gould; Alliance Bernstein
Presented by: Charles Bos, Vrije Universiteit Amsterdam

Session 8: A6: Macroeconomics I
Session Chair: Christophe Cahn, Paris School of Economics and Banque de France
Date: July 15, 2010
Time: 9:20 - 11:00
Location: A227
Governmental Debt, Risk Sharing, and Tax Stabilization in an Overlapping Generations Economy
By Marten Hillebrand; Karlsruhe Institute of Technology
Presented by: Marten Hillebrand, University of Karlsruhe
Macroeconomic Implications of Downward Wage Rigidities
By Mirko Abbritto; Graduate Institute and Universidad de Navarra Stephan Fahr; European Central Bank
Presented by: Stephan Fahr, European Central Bank
Oblivious Equilibrium in Dynamic Discrete Games
By Joao Macieira; Virginia Tech
Presented by: Joao Macieira, Virginia Tech
Competition, Innovation, and Aggregate Fluctuations
By Christophe Cahn; Paris School of Economics and Banque de France
Presented by: Christophe Cahn, Paris School of Economics and Banque de France

Session 9: A8: Agent-Based Computational Economics I
Session Chair: Myong-Hun Chang, Cleveland State University
Date: July 15, 2010
Time: 9:20 - 11:00
Location: A226
Are the Fastest Learners the Most Successful Individuals?
By Raul Jimenez; Universidad Carlos III de Madrid Haydee Lugo; Universidad Carlos III de Madrid Maxi San Miguel; Instituto de Fisica Interdisciplinar y Sistemas Complejos (CSIC-UIB)
Presented by: Haydee Lugo, Universidad Carlos III de Madrid
Agent-based Modeling and the Extensive Form
By Christopher S. Ruebeck; Lafayette College
Presented by: Christopher Ruebeck, Lafayette College
Categorization and Decision-Making
By Vessela Daskalova, Queen Mary, University of London
Presented by: Vessela Daskalova, Queen Mary, University of London
Entry, Exit, and the Endogenous Market Structure in Technologically Turbulent Industries
By Myong-Hun Chang; Cleveland State University
Presented by: Myong-Hun Chang, Cleveland State University

Session 10: Plenary I - Stewart Hodges
Date: July 15, 2010
Time: 11:25 - 12:30
Location: Great Hall
Recent Developments in Financial Engineering Computation
[slides]
By Stewart Hodges; Cass Business School, City University London
Presented by: Stewart Hodges, City University London

Session 11: Poster Session I - Macroeconomics
Date: July 15, 2010
Time: 12:30 - 13:50
Location: The Pool
Economic Cycles and Their Synchronization in Macroeconomic Indicators from Italy, The Netherlands and the UK
By Lisa Sella; Collegio Carlo Alberto Gianna Vivaldo; University of Turin & IFSI - INAF Michael Ghil; Ecole Normale Supérieure and University of California, Los Angeles Andreas Groth; Ecole Normale Supérieure
Presented by: Lisa Sella, LABORatorio Revelli
MPC Voting, Forecasting and Inflation
By Wojciech Charemza; University of Leicester Daniel Ladley; University of Leicester
Presented by: Wojciech Charemza, University of Leicester
On the Dynamics of the Kiyotaki-Wright Model
By Federico Bonetto; Georgia Institute of Technology Maurizio Iacopetta; Georgia Institute of Technology
Presented by: Maurizio Iacopetta, Georgia Institute of Technology
Finding Independent Factors in Large Macroeconomic Data Sets
By George Monokroussos; SUNY Albany
Presented by: George Monokroussos, University at Albany, SUNY

Session 12: Poster Session I - Macroeconomics
Date: July 15, 2010
Time: 12:30 - 13:50
Location: The Pool
New Keynesian Model Features that can Reproduce Lead, Lag and Persistence Patterns
By Steve Cassou; Kansas State University Jesus Vazquez; The University of the Basque Country
Presented by: Jesús Vázquez, Universidad del País Vasco
Have the Monetary Authorities of Taiwan Been Conducting Monetary Policy with Tied Hands?
By Tai-kuang Ho; National Tsing Hua University Kuo-chun Yeh; National Chung Cheng University
Presented by: Tai-kuang Ho, National Tsing Hua University
Measuring Oil-Price Shocks Using Market-Based Information
By Tao Wu; Federal Reserve Bank of Dallas Michele Cavallo; Federal Reserve Board
Presented by: Tao Wu, Federal Reserve Bank of Dallas
Sovereign Risk and Macroeconomic Fluctuations in an Emerging Market Economy
By Markus Kirchner; University of Amsterdam Malte Rieth; University of Dortmund
Presented by: Markus Kirchner, University of Amsterdam and Tinbergen Institute

Session 13: B4: Agent-Based Models of Networks
Session Chair: Efe Postalci, Izmir University of Economics
Date: July 15, 2010
Time: 14:00 - 15:40
Location: AG22
Agent-based simulation of lock-in dynamics in consumer networks
By Michael J. Garlick; Aston University Maria Chli; Aston University
Presented by: Maria Chli, Imperial College London
Network Evolution Based on Centrality: Coexistence of Hierarchies and Random Networks
By Claudio J. Tessone; ETH Zürich Matteo Marsili; International Centre for Theoretical Physics Michael König; ETH Zürich
Presented by: Claudio Tessone, ETH Zürich
Confirmatory Bias, Information Flows and Financial Prices
By Mark P Bowden; Swinburne University of Technology
Presented by: Mark Bowden, Swinburne University of Technology
Self-organization in Networks with Altruistic Agents
By Efe Postalci; Izmir University of Economics
Presented by: Efe Postalci, Izmir University of Economics

Session 14: B5: Computational Methods in Finance
Session Chair: Jozef Barunik, Czech Academy of Sciences
Date: July 15, 2010
Time: 14:00 - 15:40
Location: A225
An Evolutionary Algorithm for the Estimation of Threshold Vector Error Correction Models
By Makram El-Shagi; Halle Institute for Economic Research
Presented by: Makram El-Shagi, Halle Institute for Economic Research
New Prospects On Vines
By D. Guégan; Université Paris 1 Panthéon Sorbonne P.A. Maugis; Université Paris 1 Panthéon Sorbonne
Presented by: Pierre-André Maugis, Université Paris 1 Panthéon-Sorbonne
Stock Price Forecasting Using Exogenous Time Series and Combined Neural Networks
By Manoel Amorim Neto; Facilit Tecnology Victor Outtes; Facilit Tecnology Gustavo Tavares; Facilit Tecnology Lenildo Aragão Junior; Facilit Tecnology George Cavalcanti; Center of Informatics - UFPE Tsang In Ren; Center of Informatics - UFPE
Presented by: Manoel Amorim Neto, Facilit Tecnologia
Monte Carlo Based Tail Exponent Estimator
By Jozef Barunik; Academy of Sciences of the Czech Republic Lukas Vacha; Academy of Sciences of the Czech Republic Miloslav Vosvrda; Academy of Sciences of the Czech Republic
Presented by: Jozef Barunik, Czech Academy of Sciences

Session 15: B3: Dynamic Choice Models
Session Chair: Chao Wei, George Washington University
Date: July 15, 2010
Time: 14:00 - 15:40
Location: AG21
Random State Verification in Dynamic Mirrleesian Economies
By Roc Armenter; FRB Philadelphia Thomas Mertens; NYU Stern
Presented by: Roc Armenter, Federal Reserve Bank of Philadelphia
Evolution and Market Behavior with Endogenous Investment Rules
By Giulio Bottazzi; Scuola Superiore Sant'Anna Pietro Dindo; Scuola Superiore Sant'Anna
Presented by: Pietro Dindo, Sant'Anna School of Advanced Studies
Optimal Voting Rules for Two Member Tenure Committees
By Colin Rowat; University of Birmingham Ian Ayres; Yale Law School Nasser Zakariya; Harvard FAS
Presented by: Colin Rowat, University of Birmingham
To Scrap or Not to Scrap: A Dynamic Discrete Choice Model of Vehicle Scrappage
[slides]
By Shanjun Li; Resources for the Future Chao Wei; George Washington University
Presented by: Chao Wei, George Washington University

Session 16: B7: Labour Economics I
Session Chair: Pedro Silos, Federal Reserve Bank of Atlanta
Date: July 15, 2010
Time: 14:00 - 15:40
Location: AG11
A Dynamic Model of Education Level Choice: Application to Brazilian States
By Wilfredo L. Maldonado; Catholic University of Brasilia Isabel M. F. Marques; Catholic University of Brasilia
Presented by: Wilfredo Fernando Maldonado, Catholic University of Brasilia
Unemployment Insurance, Human Capital and Financial Markets
By Antonio Mele; University of Oxford and Nuffield College
Presented by: Antonio Mele, University of Oxford and Nuffield College
Endogenous On-the-job Search and Frictional Wage Dispersion
By Matthias S. Hertweck; University of Basel & IfW
Presented by: Matthias Hertweck, University of Basel
Fixed-Term and Permanent Employment Contracts: Theory and Evidence
By Shutao Cao; Bank of Canada Enchuan Shao; Bank of Canada Pedro Silos; Federal Reserve Bank of Atlanta
Presented by: Pedro Silos, Federal Reserve Bank of Atlanta

Session 17: B1: Business Cycles and Fluctuations I
Session Chair: Tomoya Suzuki, Kansai University
Date: July 15, 2010
Time: 14:00 - 15:40
Location: Great Hall
Investment-specific Technology Shocks and Consumption
By Francesco Furlanetto; Norges Bank Martin Seneca; Central Bank of Iceland
Presented by: Francesco Furlanetto, Norges Bank
Real Causes of the Global Economic Crisis
By Mathias Hoffmann; Deutsche Bundesbank Michael Krause; Deutsche Bundesbank Thomas Laubach; Goethe University, Frankfurt
Presented by: Michael Krause, Deutsche Bundesbank
Pigou Cycles in Closed and Open Economies with Matching Frictions
[slides]
By Wouter J. den Haan; University of Amsterdam and CEPR Matija Lozej; University of Amsterdam
Presented by: Matija Lozej, University of Amsterdam
Age, Wage, and Suicide: A Finite Horizon Model of Suicide under the Risk of Income Fluctuations
By Tomoya Suzuki; Kansai University
Presented by: Tomoya Suzuki, Kansai University

Session 18: B6: Monetary Policy I
Session Chair: Mike Mariathasan, European University Institute
Date: July 15, 2010
Time: 14:00 - 15:40
Location: A227
Optimal Monetary Policy with Durable Consumption Goods and Factor Demand Linkages
By Ivan Petrella; Catholic University of Leuven Emiliano Santoro; University of Copenhagen
Presented by: Ivan Petrella, Faculty of Business & Economics
Periods of High Inflation and Real Effects: Some Empirical Evidence
By Wojciech Charemza; University of Leicester Svetlana Makarova; University College London Imran Shah; University of Leicester
Presented by: imran shah, university of leicester
Subjective Beliefs & Robustness in Monetary Policy Committees
By Mike Mariathasan; European University Institute
Presented by: Mike Mariathasan, European University Institute

Session 19: B2: Wage and Price Rigidity
Session Chair: Tony Yates, Bank of England
Date: July 15, 2010
Time: 14:00 - 15:40
Location: A130
Wage Rigidities in an Estimated DSGE Model of the UK Labour Market
By Renato Faccini; Bank of England Stephen Millard; Bank of England Francesco Zanetti; Bank of England
Presented by: Francesco Zanetti, Boston College
Price Rigidity in Europe and the US: A Comparative Analysis Using Scanner Data
By Benjamin Verhelst; Ghent University Dirk Van den Poel; Ghent University
Presented by: Benjamin Verhelst, Ghent University
Precautionary Price Stickiness
By James Costain; Bank of Spain Anton Nakov; Bank of Spain
Presented by: James Costain, Bank of Spain
Self Confirming Inflation Persistence
By Rhys Bidder; New York University Kalin Nikolov; Bank of England Tony Yates; Bank of England
Presented by: Tony Yates, Bank of England

Session 20: B9: Business Cycles and Fluctuations II
Session Chair: Christian Jensen, Moore School of Business, University of South Carolina
Date: July 15, 2010
Time: 14:00 - 15:40
Location: AG10
A Solution Method for Linear Rational Expectation Models under Imperfect Information
[slides]
By Katsuyuki Shibayama; University of Kent at Canterbury
Presented by: Katsuyuki Shibayama, University of Kent at Canterbury
Shocking Stuff: Technology, Hours and Factor Substitution
By Cristiano Cantore; University of Surrey Miguel Leon-Ledesma; University of Kent Peter McAdam; ECB Alpo Willman; ECB
Presented by: Cristiano Cantore, University of Surrey
The Role of Public Works in the Political Business Cycle in Japan and the New Stability Condition for the Government Bond Market
[slides]
By Naoyuki Yoshino; Keio University Tetsuro Mizoguchi; Keio University
Presented by: Naoyuki Yoshino, Kieo University
Price-Setting with Unobservable Elasticities of Demand: The Business-Cycle Effects of Heterogeneous Expectations
By Christian Jensen; University of South Carolina
Presented by: Christian Jensen, Moore School of Business, University of South Carolina

Session 21: B8: Econometric Theory I
Session Chair: Pamela Dent, University of Portsmouth
Date: July 15, 2010
Time: 14:00 - 15:40
Location: A226
Learning About Identification
By In-Koo Cho; University of Illinois Kenneth Kasa; Simon Fraser University
Presented by: In-Koo Cho, University of Illinois
A Robust Criterion for Determining the Number of Factors in Approximate Factor Models
By Lucia Alessi; European Central Bank Matteo Barigozzi; ECARES, Université Libre de Bruxelles Marco Capasso; Utrecht University
Presented by: Lucia Alessi, European Central Bank
Autocorrelation-Corrected Standard Errors using Moment Ratio Estimates of the Autoregressive/Unit Root Parameter
[slides]
By J. Huston McCulloch; Ohio State University
Presented by: J. Huston McCulloch, Ohio State University
Forecasting Value-at-Risk (VaR) using Fractionally Integrated Models of Conditional Volatility
By Stavros Degiannakis; University of Portsmouth Christos Floros; University of Portsmouth Pamela Dent; University of Portsmouth
Presented by: Pamela Dent, University of Portsmouth

Session 22: C3: Agent-Based Computational Economics II
Session Chair: Giorgio Fagiolo, Sant'Anna School of Advanced Studies
Date: July 15, 2010
Time: 16:20 - 18:00
Location: AG21
Financial Fragility and Distress Propagation in a Network of Regions
By Stefania Vitali; ETHZ Stefano Battiston; ETHZ Mauro Gallegati; Università Politecnica delle Marche
Presented by: Stefania Vitali, ETH Zurich
On the Effectiveness of Innovation Policies in the Presence of Physical and Human Capital Gaps: An Agent-based Analysis
By Herbert Dawid; Bielefeld University Simon Gemkow; Bielefeld University Philipp Harting; Bielefeld University Michael Neugart; Free University of Bozen/Bolzano
Presented by: Philipp Harting, Bielefeld University
Nonparametric Spatiotemporal Shock Model. Theoretical Results and an Application to the Study of Firms' Defaults.
By Pasquale Cirillo; IMSV, University of Bern Juerg Huesler; IMSV, University of Bern Mauro Gallegati; Università Politecnica delle Marche
Presented by: Pasquale Cirillo, University of Bern

Session 23: C9: Finance II
Session Chair: Laurent Calvet, HEC Paris
Date: July 15, 2010
Time: 16:20 - 18:00
Location: AG10
Value-at-Risk Prediction Under Long Range Dependence
By Pilar Grau-Carles; Universidad Rey Juan Carlos Luis Miguel Doncel; Universidad Rey Juan Carlos Francisco Javier Otamendi; Universidad Rey Juan Carlos Jorge Sainz; Universidad Rey Juan Carlos
Presented by: Pilar Grau-Carles, Rey Juan Carlos University
The Information Content of High-Frequency Data for Estimating Equity Return Models and Forecasting Risk
By Dobrislav Dobrev; Federal Reserve Board Pawel Szerszen; Federal Reserve Board
Presented by: Pawel Szerszen, Federal Reserve Board of Governors
Testing Linearity in Term Structures
By Chiara Peroni; CRP Henri Tudor, Statec, Observatoire de la Competivite
Presented by: Chiara Peroni, CRP Henri Tudor, Statec
A Multifrequency Theory of the Interest Rate Term Structure
By Laurent E. Calvet; HEC Paris Adlai J. Fisher; University of British Columbia Liuren Wu; Baruch College
Presented by: Laurent Calvet, HEC Paris

Session 24: C1: Vector Autoregression Models
Session Chair: Alina Barnett, Bank of England
Date: July 15, 2010
Time: 16:20 - 18:00
Location: Great Hall
Need Singapore Fear Floating? A DSGE-VAR Approach
By Hwee Kwan CHOW; Singapore Management University Paul D. McNelis; Fordham University
Presented by: Hwee Kwan Chow, Singapore Management University
Technology Shocks and Hours Worked: New Evidence from a Structural Factor Model
By Tatjana Dahlhaus; Universtitat Autònoma de Barcelona
Presented by: Tatjana Dahlhaus, Universitat Autònoma de Barcelona
The Analytics of Fiscal Multipliers in Structural Vector Autoregressions
By Dario Caldara; Institute for International Economic Studies Christophe Kamps; European Central Bank
Presented by: Dario Caldara, IIES
Time-Varying Inflation Expectations and Economic Fluctuations in the United Kingdom: A Structural VAR Analysis
By Alina Barnett; Bank of England Jan Groen; Federal Reserve Bank of New York Haroon Mumtaz; Bank of England
Presented by: Alina Barnett, Bank of England

Session 25: C6: Financial Crisis I
Session Chair: Krzysztof Makarski, National Bank of Poland
Date: July 15, 2010
Time: 16:20 - 18:00
Location: A227
Liquidity Matters: Money Non-Redundancy in the Euro Area Business Cycle
[slides]
By Antonio Conti; Università degli Studi di Roma "La Sapienza" and ECARES, Université Libre de Bruxelles
Presented by: Antonio Conti, Università degli studi di Roma
Aggregate Liquidity, Financial Constraints, and Corporate Investment
By Ander Perez; Universitat Pompeu Fabra
Presented by: Ander Perez, Universitat Pompeu Fabra
Credit Crunch in a Small Open Economy
By Michal Brzoza-Brzezina; National Bank of Poland and Warsaw School of Economics Krzysztof Makarski; National Bank of Poland and Warsaw School of Economics
Presented by: Krzysztof Makarski, National Bank of Poland

Session 26: C7: Fiscal Policy I
Session Chair: Martin Kliem, Deutsche Bundesbank
Date: July 15, 2010
Time: 16:20 - 18:00
Location: AG11
Optimal Fiscal Rules When Unemployment Matters
By Stéphane Moyen; Deutsche Bundesbank Nikolai Stähler; Deutsche Bundesbank
Presented by: Stéphane Moyen, Deutsche Bundesbank
Fiscal Calculus in a New Keynesian Model with Matching Frictions
By Alessia Campolmi; Central European University and Magyar Nemzeti Bank Ester Faia; Goethe University Frankfurt, Kiel IfW and CEPREMAP Roland C. Winkler; Goethe University Frankfurt
Presented by: Roland Winkler, Goethe University Frankfurt
Implementable Fiscal Policy Rules
By Martin Kliem; Deutsche Bundesbank Alexander Kriwoluzky; Universiteit van Amsterdam
Presented by: Martin Kliem, Deutsche Bundesbank

Session 27: C5: Macroeconomics II
Session Chair: Matteo Barigozzi, Université Libre de Bruxelles
Date: July 15, 2010
Time: 16:20 - 18:00
Location: A225
Optimal Management with Potential Regime Shifts
By Stephen Polasky; University of Minnesota, Beijer Institute of Ecological Economics Aart de Zeeuw; Tilburg University, Beijer Institute of Ecological Economics Florian Wagener; University of Amsterdam, Tinbergen Institute
Presented by: Florian Wagener, UvA
Approximation Around the Stochastic Steady State
By Michel Juillard; Banque de France and CEPREMAP
Presented by: Michel Juillard, Banque de France
Can Lower Order Perturbation Methods accurately describe Wealth Dynamics?
By Tarik Ocaktan; Paris School of Economics
Presented by: Tarik Ocaktan, Paris School of Economics
Time Varying Money Demand for the Euro Area
By Matteo Barigozzi; ECARES, Université Libre de Bruxelles and Sant'Anna School of Advanced Studies, Pisa Antonio Conti; Università Degli Studi di Roma La Sapienza and ECARES, Université Libre de Bruxelles
Presented by: Matteo Barigozzi, Université Libre de Bruxelles

Session 28: C4: DSGE Models
Session Chair: Michael Reiter, IHS
Date: July 15, 2010
Time: 16:20 - 18:00
Location: AG22
News Shocks and Asset Price Volatility in a DSGE Model
By Akito Matsumoto; International Monetary Fund Pietro Cova; Bank of Italy Massimiliano Pisani; Bank of Italy Alessandro Rebucci; Iter-American Development Bank
Presented by: Pietro Cova, Bank of Italy
Asset Prices, News Shocks and Current Account Fluctuations
By Marcel Fratzscher; European Central Bank Roland Straub; European Central Bank
Presented by: Roland Straub, European Central Bank
Home Equity Withdrawal in Retirement
By Makoto Nakajima; Federal Reserve Bank of Philadelphia Irina A. Telyukova; University of California, San Diego
Presented by: Makoto Nakajima,
Nonlinear Approximate Aggregation in Heterogeneous Agent Models
By Michael Reiter; Institute for Advanced Studies, Vienna
Presented by: Michael Reiter, IHS

Session 29: C8: The Fate of Adaptive Systems
Session Chair: Chetan Dave, New York University
Date: July 15, 2010
Time: 16:20 - 18:00
Location: A226
Multi-Country Euro area Model with Boundedly Estimated Rationality - Learning expectations
By Alistair Dieppe; European Central Bank Alberto González Pandiella; European Central Bank Stephen Hall; National Institute of Economic and Social Research and University of Leicester Alpo Willman; European Central Bank
Presented by: Alistair Dieppe, European Central Bank
Beliefs Shock and the Macroeconomy
By Jacek Suda; Banque de France - Paris School of Economics
Presented by: Jacek Suda, Banque de France - Paris School of Economics
On the Stability of Least Squares Learning
By Chetan Dave; University of Texas at Dallas James Feigenbaum; Utah State University
Presented by: Chetan Dave, New York University

Session 30: C2: Macroeconometrics I
Session Chair: Steffan Ball, Federal Reserve Board
Date: July 15, 2010
Time: 16:20 - 18:00
Location: A130
The Analytics of the Sign Restriction Approach to Shock Identification: a Framework for Understanding the Empirical Macro Puzzles
By Dario Caldara; IIES, Stockholm University Christophe Kamps; European Central Bank
Presented by: Christophe Kamps, public
Identification through Heterogeneity: An Application to Bank Runs
By Ferre De Graeve; Sveriges Riksbank Alexei Karas; Roosevelt Academy
Presented by: Ferre De Graeve, Sveriges Riksbank
Estimating a Medium--scale DSGE Model with Expectations Based on Small Forecasting Models
By Sergey Slobodyan; CERGE-EI Raf Wouters; NBB
Presented by: Sergey Slobodyan, CERGE-EI
Household Consumption, Portfolio Choice and Expected Stock Market Returns
By Steffan Ball; Federal Reserve Board Sule Alan; Cambridge University
Presented by: Steffan Ball, Federal Reserve Board

Session 31: D2: Agent-Based Computational Economics III
Session Chair: Herbert Dawid, University of Bielefeld
Date: July 16, 2010
Time: 9:20 - 11:00
Location: A130
Using Indirect Inference for Structural Estimation of Agent-based Models: An Application To a Model of Innovation Diffusion
By Sebastiano A. Delre; Bocconi University Matteo Richiardi; University of Turin Lisa Sella; University of Turin
Presented by: Matteo Richiardi, University of Turin
Financially Driven Growth and Fluctuations: Does Heterogeneity Matter?
By Tiziana Assenza; Catholic University of Milan and CeNDEF, University of Amsterdam Domenico Delli Gatti; Catholic University of Milan
Presented by: Domenico Delli Gatti, Universita Cattolica
Rule-based Modeling of Labor Market Dynamics
By Katja Hillmann; Hamburg University Clemens Kuehn; Humboldt University Berlin
Presented by: Katja Hillmann, Hamburg University
Labor Market Integration Policies and the Convergence of Regions
By Herbert Dawid; Bielefeld University Simon Gemkow; Bielefeld University Philipp Harting; Bielefeld University Michael Neugart; Free University Bolzano
Presented by: Herbert Dawid, University of Bielefeld

Session 32: D7: Nonlinearity and Nonstationarity in Equity Markets
Session Chair: Andreia Dionisio, University of Evora
Date: July 16, 2010
Time: 9:20 - 11:00
Location: AG11
Identifying Asymmetric Comovements of International Equity Markets
By Fuchun Li; Bank of Canada
Presented by: Fuchun LI, Bank of Canada
Testing for Periodically Collapsing Bubbles: A Generalized SUP ADF Test
By ShuPing Shi, The Australian National University
Presented by: shuping shi, The Australian National University
Testing Stock Market Convergence: A Non-Linear Factor Approach
By Guglielmo-Maria Caporale; Brunel University Burcu Erdogan; DIW Berlin Vladimir Kuzin; DIW Berlin
Presented by: Vladimir Kuzin, DIW Berlin
Mutual Information as a Nonlinear Tool for Analyzing Stock Market Globalization
By Rui Menezes; ISCTE, UNIDE Andreia Dionísio; Universidade Evora, CEFAGE-UE Diana Mendes; ISCTE, UNIDE
Presented by: Andreia Dionisio, University of Evora

Session 33: D4: Monetary and Fiscal Policy
Session Chair: Aurélien Eyquem, Ecole Normale Supérieure Lettres Sciences Humaines
Date: July 16, 2010
Time: 9:20 - 11:00
Location: AG22
Commitment vs. Discretion: An Empirical Investigation of the Monetary and Fiscal Policy Regime in the UK
By Tatiana Kirsanova; University of Exeter Stephanus le Roux; DWP
Presented by: Stephanus le Roux, Department for Work and Pensions
Optimal Macroeconomic Policies in a Financial and Economic Crisis: A Case Study for Slovenia
[slides]
By Reinhard Neck; Klagenfurt University Klaus Weyerstrass; Institute for Advanced Studies, Vienna Dmitri Blueschke; Klagenfurt University Viktoria Blueschke-Nikolaeva; Klagenfurt University
Presented by: Reinhard Neck, Klagenfurt University
Ramsey Policies in a Small Open Economy with Sticky Prices and Capital
By Stephane Auray; Universite Lille Nord de France Beatriz de Blas; Universidad Autonoma de Madrid Aurelien Eyquem; Universite de Lyon
Presented by: Aurélien Eyquem, Ecole Normale Supérieure Lettres Sciences Humaines

Session 34: D9: Robust Design in Macro Policymaking
Session Chair: Kenneth Kasa, Simon Fraser University
Date: July 16, 2010
Time: 9:20 - 11:00
Location: AG10
Robust Monetary Policy in a New Keynesian Model with Loan Rate Fluctuations
By Rafael Gerke; Deutsche Bundesbank Felix Hammermann; Deutsche Bundesbank
Presented by: Felix Hammermann, Deutsche Bundesbank
Expectations Traps and Coordination Failures: Selecting Among Multiple Discretionary Equilibria
By Richard Dennis; Federal Reserve Bank of San Francisco Tatiana Kirsanova; University of Exeter
Presented by: Richard Dennis, Federal Reserve Bank of San Francisco
Robustifying Optimal Monetary Policy
By Øistein Røisland; Norges Bank Tommy Sveen; Norges Bank
Presented by: Tommy Sveen, Norges bank
Dynamic Contracts, Enforcement Constraints, and Robust Control
By Kenneth Kasa; Simon Fraser University Bart Taub; University of Illinois
Presented by: Kenneth Kasa, Simon Fraser University

Session 35: D3: New Keynesian Economics
Session Chair: Gianluca Femminis, Università Cattolica, Milano
Date: July 16, 2010
Time: 9:20 - 11:00
Location: AG21
Some Observations in the High-Frequency Versions of a Standard New-Keynesian Model
[slides]
By Reiner Franke; University of Kiel Stephen Sacht; University of Kiel
Presented by: Stephen Sacht, University of Kiel
Internationalized Production in a Small Open Economy
By Auelien Eyquem; Université de Lyon and GREDI Gunes Kamber; The Reserve Bank of New Zealand
Presented by: Günes Kamber, Reserve Bank of New Zealand
Costly Information Provision and Welfare with Price-setting Complementarities
By Gianluca Femminis; Università Cattolica - Milano Luca Colombo; Università Cattolica - Milano
Presented by: Gianluca Femminis, Università Cattolica, Milano

Session 36: D1: Growth and Income Distribution
Session Chair: Stephen Turnovsky, University of Washington
Date: July 16, 2010
Time: 9:20 - 11:00
Location: Great Hall
Growth and Inequality: Dependence on the Time Path of Productivity Increases (and Other Structural Changes)
By Manoj Atolia; Florida State University Santanu Chatterjee; University of Georgia Stephen Turnovsky; University of Washington
Presented by: Manoj Atolia, Florida State University
Social Structure and Human Capital Dynamics
By Tiago Cavalcanti; University of Cambridge Chryssi Giannitsarou; University of Cambridge
Presented by: Chryssi Giannitsarou, University of Cambridge
Demography and Growth: A Unified Treatment of Overlapping Generations
By Neil Bruce; University of Washington Stephen Turnovsky; University of Washington
Presented by: Stephen Turnovsky, University of Washington
On the Redistributive Effects of Inflation
By Charles Gottlieb; European University Institute
Presented by: Charles Gottlieb, European University Institute

Session 37: D5: Computational Methods for Heterogeneous Agent Models
Session Chair: Michel Juillard, Banque de France
Date: July 16, 2010
Time: 9:20 - 11:00
Location: A225
Sparse-grid Galerkin Methods for Solving Medium-scale Dynamic Equilibrium Models
By Paul Pichler; University of Vienna
Presented by: Paul Pichler, University of Vienna
Low-Order Perturbation Analysis of a Multi-Country Complete Markets Model
[slides]
By Robert Kollmann; University of Brussels Jinill Kim; Federal Reserve Board Sunghyun H. Kim; Suffolk University
Presented by: Jinill Kim, Federal Reserve Board
Solving the Multi-Country Real Business Cycle Model with a Smolyak-Collocation Method
By Benjamin A. Malin; Federal Reserve Board Dirk Krueger; University of Pennsylvania Felix Kubler; University of Zurich
Presented by: Ben Malin, Federal Reserve Board of Governors
Solving the Multi-Country Real Business Cycle Model Using Ergodic Set Methods
By Serguei Maliar; University of Alicante and Hoover Institution at Stanford University; Lilia Maliar; University of Alicante and Hoover Institution at Stanford University; Kenneth Judd; Hoover Institution at Stanford University
Presented by: Serguei Maliar, Stanford University

Session 38: D6: Learning in Financial Markets
Session Chair: Jagjit Chadha, University of Kent at Canterbury
Date: July 16, 2010
Time: 9:20 - 11:00
Location: A227
Learning about Constant Versus Decreasing Gain in a Simple Model of Exchange Rate
By Olena Kostyshyna; Portland State University
Presented by: Olena Kostyshyna, Portland State University
On the Efficient Estimation of Learning Models
By Laurent Calvet; HEC Paris Veronika Czellar; HEC Paris
Presented by: Veronika Czellar, HEC Paris
Financial Ratings with Scarce Information: A Neural Network Approach
By Greta Falavigna; Ceris-CNR
Presented by: Greta Falavigna, CNR
Expecting to Learn: Financial Markets and History Dependence
By Jagjit S. Chadha; University of Kent and CIMF Cambridge Alexander Mihailov; University of Reading
Presented by: Jagjit Chadha, University of Kent at Canterbury

Session 39: D8: Econometric Theory II
Session Chair: Andres Gonzalez Gomez, Banco de la Republica
Date: July 16, 2010
Time: 9:20 - 11:00
Location: A226
Econometric Model Selection With More Variables Than Observations
By Jurgen A Doornik; University of Oxford
Presented by: Jurgen Doornik, University of Oxford
Empirical Simultaneous Confidence Regions for Path-Forecasts
By Òscar Jordà; University of California, Davis Malte Knüppel; Deutsche Bundesbank Massimiliano Marcellino; European University Institute
Presented by: Malte Knüppel, Deutsche Bundesbank
Non-Parametric Volatility Forecasting with Gaussian Processes
By Nicolas Chapados; University of Montreal Christian Dorion; McGill University
Presented by: Nicolas Chapados, University of Montreal
Forecasting Inflation with Gradual Regime Shifts and Exogenous Information
By Andrés González; Banco de la República Kirstin Hubrich; European Central Bank Timo Teräsvirta; CREATES, Aarhus University
Presented by: Andres Gonzalez Gomez, Banco de la Republica

Session 40: Plenary II - Shu-Heng Chen
Date: July 16, 2010
Time: 11:25 - 12:30
Location: Great Hall

Session 41: Poster Session II - Microeconomics and Health
Date: July 16, 2010
Time: 12:30 - 13:50
Location: The Pool
Demographic Change and Pension Reform in Spain: An Assessment in a Two-earner, OLG Model
By Alfonso R. Sanchez; Universidad Pablo Olavide de Sevilla Virginia Sanchez Marcos; Universidad de Cantabria
Presented by: Alfonso Sanchez-Martin, Universidad Pablo Olavide de Sevilla
The Role of Uncertainty on U.S. Obesity: An Application of Control Theory
By Fidel Gonzalez; Sam Houston State University Pedro Gomis; Australian National University
Presented by: Fidel Gonzalez, Sam Houston State University
Household Portfolio Choices, Health Status and National Health Care Systems A Cross-country Analysis Based on SHARE
By Vincenzo Atella; University of Roma Tor Vergata, CEIS, CHP-PCOR Stanford University and CHILD Marianna Brunetti; Univ Rome Tor Vergata, CeFin and CHILD Nicole Maestas; RAND Corporation, Santa Monica
Presented by: Marianna Brunetti, University of Rome Tor Vergata

Session 42: Poster Session II - Microeconomics and Health
Date: July 16, 2010
Time: 12:30 - 13:50
Location: The Pool
A Game-Theoretic Analysis of Strategic Clustering by Retailers
By Yi Deng; University of South Florida Gabriel Picone; University of South Florida
Presented by: Yi Deng, University of South Florida
Barrow's "Do-it-yourself Lottery" in Agent-based Computational Economics: a Simple Study
By Takashi Yamada; Tokyo Institute of Technology Takao Terano; Tokyo Institute of Technology
Presented by: Takashi Yamada, Tokyo Institute of Technology
Extracting the Trading Rules in Housing Market Using Nash Genetic Programming Approach
By Maryam Esmaeili; University of Lugano
Presented by: Maryam Esmaeili, University of Lugano
A study on firms’ competition by cost of service and unit price using simplified agent-based model
By Masatora Daito; Okayama Shoka University Noriyuki Tanida; Kansai University
Presented by: Masatora Daito, Okayama Shoka University

Session 43: E5: Agent-Based Models of Industrial Organisation I
Session Chair: Roberto Gabriele, Università di Trento
Date: July 16, 2010
Time: 14:00 - 15:40
Location: A225
The ACEGES Laboratory: An ACE Model for the Availability of Global Conventional Oil Supply
By Vlasios Voudouris; London Metropolitan University
Presented by: vlasios voudouris, london metropolitan university
Volatility in the Consumer Packaged Goods Industry - A Simulation Based Study
By Abhijit Sengupta; Unilever R&D Stephen E. Glavin; UCL
Presented by: Abhijit Sengupta, Unilever
Organizational Capabilities and Industry Dynamics: A Computational Model
By Marco Corsino; University of Trento Roberto Gabriele; University of Trento Enrico Zaninotto; University of Trento
Presented by: Roberto Gabriele, Università di Trento

Session 44: E9: Models of General Equilibrium
Session Chair: James Feigenbaum, Utah State University
Date: July 16, 2010
Time: 14:00 - 15:40
Location: AG10
The Non-neutrality of Severance Payments with Incomplete Markets
By Marco Cozzi; Queen’s University Giulio Fella; Queen Mary Gianluca Violante; NYU
Presented by: Marco Cozzi, Queen's University
Second Order Sensitivity in Applied General Equilibrium
By Florian Landis; ETH Zürich
Presented by: Florian Landis, ETH Zürich
Computing Equilibria in Dynamic Models with Occasionally Binding Constraints
By Johannes Brumm; University of Mannheim Michael Grill; University of Mannheim
Presented by: Johannes Brumm, University of Mannheim
Is It Really Good to Annuitize?
By James Feigenbaum; Utah State University Emin Gahramanov; Deakin University
Presented by: James Feigenbaum, Utah State University

Session 45: E8: Modeling the Real Economy
Session Chair: Luis Puch, FEDEA and Univ. Complutense
Date: July 16, 2010
Time: 14:00 - 15:40
Location: A226
Oilgopoly: A General Equilibrium Model of the Oil-macroeconomy Nexus
By Anton Nakov; Banco de España Galo Nuño; Banco de España
Presented by: Anton Nakov, Banco de España
Capital-Goods Imports, Investment-Specific Productivity, and U.S. Growth
By Michele Cavallo; Board of Governors of the Federal Reserve System Anthony Landry; Federal Reserve Bank of Dallas
Presented by: Anthony Landry, Federal Reserve Bank of Dallas
Global Oil Shocks and the Euro Area: an Empirical Model-Based Analysis
By Lorenzo Forni; Bank of Italy Andrea Gerali; Bank of Italy Massimiliano Pisani; Bank of Italy
Presented by: Andrea Gerali, Bank of Italy
Vintage Capital and the Declining Energy Intensity in the US Economy
By Raouf Boucekkine; CORE and IRES, Louvain Antonia Diaz; Universidad Carlos III de Madrid Luis A. Puch; Universidad Complutense and FEDEA
Presented by: Luis Puch, FEDEA and Univ. Complutense

Session 46: E7: Monetary Policy II
Session Chair: Jean Barthelemy, Banque de France
Date: July 16, 2010
Time: 14:00 - 15:40
Location: AG11
Extending the New Keynesian Monetary Model with Data Revision Processes: Real-Time and Revised Data
By Ramón María-Dolores; Universidad de Murcia Jesús Vázquez; Universidad del Pais Vasco Juan Miguel Londoño; Tilburg University
Presented by: Ramón María-Dolores, Dept. of Economics Analysis
Reference-dependent Preferences and the Transmission of Monetary Policy
By Edoardo Gaffeo; University of Trento Ivan Petrella; Catholic University of Leuven Damjan Pfajfar; University of Tilburg Emiliano Santoro; University of Copenhagen
Presented by: Emiliano Santoro, University of Copenhagen
Borrowing Constraints and Monetary Policy: The Inflation Tax-Net Worth Channel
By Tiziana Assenza; Catholic University of Milan and CeNDEF, University of Amsterdam Domenico Delli Gatti; Catholic University of Milan
Presented by: Tiziana Assenza, Catholic University of Milan
A Discrete Monetary Policy Framework: an Application to the Japanese Case
By Magali Marx; Banque de France Jean Barthelemy; Banque de France
Presented by: Jean Barthelemy, Banque de France

Session 47: E3: Open Economy and Debt Sustainability
Session Chair: David Goldbaum, University of Technology Sydney
Date: July 16, 2010
Time: 14:00 - 15:40
Location: AG21
Debt Relief and Incentive-Compatible Conditionality
By Almuth Scholl; University of Konstanz
Presented by: Almuth Scholl, University of Konstanz
Default and the Maturity Structure in Sovereign Bonds
By Cristina Arellano; Federal Reserve Bank of Minneapolis Ananth Ramanarayanan; Federal Reserve Bank of Dallas
Presented by: Ananth Ramanarayanan, Federal Reserve Bank of Dallas
Technology Shocks Under Varying Degrees of Financial Openness
By S. Meral Cakici; University of Bonn
Presented by: S. Meral Cakici, University of Bonn
Learning and Adaptation’s Impact on Emergent Market Efficiency
By David Goldbaum; University of Technology Sydney Valentyn Panchenko; University of New South Wales
Presented by: David Goldbaum, University of Technology Sydney

Session 48: E2: Forecasting
Session Chair: Dominique GUEGAN, PSE, CES, University Paris1
Date: July 16, 2010
Time: 14:00 - 15:40
Location: A130
Forecasting with DSGE Models
[slides]
By Kai Christoffel; European Central Bank Günter Coenen; European Central Bank Anders Warne; European Central Bank
Presented by: Anders Warne, Directorate General Research
The Diversity of Forecasts from Macroeconomic Models of the U.S. Economy
By Volker Wieland; Goethe University Frankfurt Maik H. Wolters; Goethe University Frankfurt
Presented by: Maik Wolters, Goethe University Frankfurt
Optimal Forecasting of Noncausal Autoregressive Time Series
By Markku Lanne; University of Helsinki and HECER Jani Luoto; University of Helsinki and HECER Pentti Saikkonen; University of Helsinki and HECER
Presented by: Markku Lanne, University of Helsinki
The Multivariate K-nearest Neighbor Model for Dependent Variables: One-sided Estimation and Forecasting
By Dominique Guégan; Paris School of Economics, CES-MSE, Université Paris 1 Panthéon-Sorbonne Patrick Rakotomarolahy; CES-MSE, Université Paris 1 Panthéon-Sorbonne
Presented by: Patrick Rakotomarolahy, Universty Paris 1

Session 49: E1: Bank of Canada Session on Applied Monetary Policy
Session Chair: Robert Tetlow, Federal Reserve Board
Date: July 16, 2010
Time: 14:00 - 15:40
Location: Great Hall
Optimal Monetary Policy and Price-Level Stationarity in the Canonical New Keynesian Model
By Robert Amano; Bank of Canada Steve Ambler; Universite du Quebec a Montreal Malik Shukayev; Bank of Canada
Presented by: Steven Ambler, UQAM
The Great Escape? A Quantitative Evaluation of the Fed's Non-Standard Policies
By Eggertsson, Gauti; Federal Reserve Bank of New York Del Negro, Marco; Federal Reserve Bank of New York
Presented by: Marco Del Negro, FRBNY
Imperfect Credibility and the Zero Lower Bound on the Nominal Interest Rate
By Martin Bodenstein; Federal Reserve Board James Hebden; Federal Reserve Board Ricardo Nunes; Federal Reserve Board
Presented by: Martin Bodenstein, Federal Reserve Board

Session 50: E6: Finance III
Session Chair: Marianna Lyra, Justus-Liebig University Giessen
Date: July 16, 2010
Time: 14:00 - 15:40
Location: A227
Option Pricing for GARCH-type Models with Generalized Hyperbolic Innovations
By Christophe Chorro, Université Paris 1 Dominique Guégan, Université Paris 1 Florian Ielpo, Université Paris 1
Presented by: Florian Ielpo, Pictet & Cie
An Empirical Investigation of Static and Time-varying Long-range Dependence in Futures Returns
By Jian Dollery; University of Bradford Jerry Coakley; University of Essex Neil Kellard; University of Essex
Presented by: Jian Dollery, University of Bradford
Threshold Accepting for Credit Risk Assessment and Validation
By Marianna Lyra; University of Giessen Akwum Onwunta; Deutsche Bank AG Peter Winker; University of Giessen
Presented by: Marianna Lyra, Justus-Liebig University Giessen

Session 51: E4: Econometric Theory III
Session Chair: Joaquim Ramalho, Universidade de Evora
Date: July 16, 2010
Time: 14:00 - 15:40
Location: AG22
Spurious Long-horizon Regression in Econometrics
By Antonio E. Noriega; Bank of Mexico Daniel Ventosa-Santualària; University of Guanajuato
Presented by: Antonio Noriega, Banco de Mexico
Using Subspace Cointegration Analysis for Structural Estimation
By Thomas Haertel; University of Hamburg
Presented by: Thomas Haertel, University of Hamburg
Specification Issues in Mixed-Frequency Time Series Modelling
By Klaus Wohlrabe; Ifo Institute for Economic Research Stefan Mittnik; University of Munich
Presented by: Klaus Wohlrabe, Ifo Institute for Economic Research
Alternative versions of the RESET test for binary response index models: a comparative study
By Esmeralda Ramalho; Universidade de Evora Joaquim Ramalho; Universidade de Evora
Presented by: Joaquim Ramalho, Universidade de Evora

Session 52: F3: Trading Strategies in Financial Markets
Session Chair: Magdalena Sokalska, Queens College
Date: July 16, 2010
Time: 16:20 - 18:00
Location: AG21
Dynamics of Moving Average Rules in a Continuous-time Financial Market Model
By Xue-Zhong (Tony) He; University of Technology, Sydney Min Zheng; University of Technology, Sydney
Presented by: Xue-Zhong He, University of Technology Sydney
Evolution and Convergence of Strategic Behavior in Continuous Double Auctions
By Fano Shira; Ca' Foscari University LiCalzi Marco; Ca' Foscari University Pellizzari Paolo; Ca' Foscari University
Presented by: Paolo Pellizzari, Ca' Foscari University
Efficiency of Continuous Double Auctions under Individual Evolutionary Learning with Full or Limited Information
By Mikhail Anufriev; University of Amsterdam Jasmina Arifovic; Simon Fraser University Valentyn Panchenko; University of New South Wales
Presented by: Mikhail Anufriev, University of Amsterdam
Performance of Limit Order Submission Strategies
By Magdalena E Sokalska; City University of New York, Queens College
Presented by: Magdalena Sokalska, Queens College

Session 53: F4: Agent-Based Computational Economics IV
Session Chair: Murat Yildizoglu, Université Paul Cézanne
Date: July 16, 2010
Time: 16:20 - 18:00
Location: AG22
An Economic Model of Party Formation and Competition
By Daniel Ladley; University of Leicester James Rockey; University of Leicester
Presented by: James Rockey, University of Leicester
The Role of Technical Change, Finance, and Public Policies in an Evolutionary Model of Endogenous Growth and Fluctuations
By Giovanni Dosi; Sant'Anna School of Advanced Studies Giorgio Fagiolo; Sant'Anna School of Advanced Studies Mauro Napoletano; Observatoire Français des Conjonctures Economiques Andrea Roventini; University of Verona
Presented by: mauro napoletano, OFCE
Can they Beat the Cournot Equilibrium? Learning with Memory and Convergence to Equilibria in a Cournot Oligopoly
By Thomas Vallée; LEMNA, IEMN - IAE; Université de Nantes Murat Yildizoglu; GREQAM (UMR CNRS 6579); Aix Marseille University
Presented by: Murat Yildizoglu, Université Paul Cézanne

Session 54: F7: Financial Crisis II
Session Chair: Jørn Halvorsen, Norwegian School of Management (BI)
Date: July 16, 2010
Time: 16:20 - 18:00
Location: AG11
Is Speculation Destabilizing?
By Celso Brunetti; Johns Hopkins University Bahattin Büyükşahin; CFTC Jeffrey H. Harris; University of Delaware
Presented by: Celso Brunetti, Johns Hopkins University
Understanding Liquidity Shortages During Severe Economic Downturns
By Manoj Atolia; Florida State University Tor Einarsson; University of Iceland Milton Marquis; Florida State University
Presented by: Tor Einarsson, University of Iceland
Dynamic Effects of Trade and Financial Openness on Financial Development and Financial Instability
By Yu-Bo Suen*; Aletheia University Shu-Chin Lin; Tamkang University Dong-Hyeon Kim; Providence University
Presented by: Yu-Bo Suen, Aletheia University
Are Bank Lending Shocks Important for Economic Fluctuations?
By Jørn Inge Halvorsen; Norwegian School of Managment Dag Henning Jacobsen; Norges Bank
Presented by: Jørn Halvorsen, Norwegian School of Management (BI)

Session 55: F2: Topics in Macroeconomic Control
Session Chair: David Kendrick, University of Texas
Date: July 16, 2010
Time: 16:20 - 18:00
Location: A130
Robust Optimisation and its Guarantees
[slides]
By B. Rustem; Imperial College London R. Fonseca; Imperial College London D. Kuhn; Imperial College London P. Vayanos; Imperial College London W. Wiesemann; Imperial College London S. Zymler; Imperial College London
Presented by: Berc Rustem, Imperial College of Science, Technology and Medicine
A New Comparative Approach to Macroeconomic Modeling and Policy Analysis
By Volker Wieland; Goethe University Frankfurt Tobias Cwik; Goethe University Frankfurt Gernot Mueller; University of Bonn Sebastian Schmidt; Goethe University Frankfurt Maik Wolters; Goethe University Frankfurt
Presented by: Sebastian Schmidt, Goethe University Frankfurt
The Advantage of Flexible Targeting Rules
By Andrea Ferrero; FRB New York
Presented by: Andrea Ferrero, Federal Reserve Bank of New York
A Taylor Rule for Fiscal Policy?
[slides]
By David A. Kendrick; University of Texas Hans M. Amman; Utrecht University
Presented by: David Kendrick, University of Texas

Session 56: F1: Macroeconomics and Income Distribution
Session Chair: Henri Sneessens, Université de Luxembourg
Date: July 16, 2010
Time: 16:20 - 18:00
Location: Great Hall
Cyclical Government Spending, Income Inequality and Welfare in Small Open Economies
By Guay Lim; Melbourne University, Paul McNelis; Fordham University
Presented by: Paul McNelis, Fordham University
On Inflation, Wealth Inequality and Welfare in Emerging Economies
By Enes Sunel; University of Maryland
Presented by: Enes Sunel, University of Maryland
The Volatility of Labor Income Share in Emerging Markets
By Serdar Kabaca; University of British Columbia
Presented by: Serdar Kabaca, University of British Columbia
Ageing, Pensions and The Labour Market
[slides]
By Henri Sneessens; Université du Luxembourg and IRES, Université Catholique de Louvain Olivier Pierrard; Banque Centrale du Luxembourg David de la Croix; CORE and IRES, Université Catholique de Louvain
Presented by: Henri Sneessens, Université de Luxembourg

Session 57: F5: Shocks and Spillover Effects
Session Chair: Ozer Karagedikli, public
Date: July 16, 2010
Time: 16:20 - 18:00
Location: A225
Interest Rate and Trade Channels in the Transmission of Foreign Shocks to Emerging Markets
By Kolver Hernandez; University of Delaware Asli Leblebicioglu; North Carolina State University
Presented by: Asli Leblebicioglu, North Carolina State University
International Spill-over Effects and Monetary Policy Activism
By Anna Lipinska; Bank of England Morten Spange; Danmarks Nationalbank Misa Tanaka; Bank of England
Presented by: Misa Tanaka, Bank of England
Financial Stress and Economic Dynamics: the Transmission of Crises
[slides]
By Kirstin Hubrich; European Central Bank Robert J. Tetlow; Federal Reserve Board
Presented by: Robert Tetlow, Federal Reserve Board
The Effects of the World and Regional Shocks on a Small Open Economy: A FAVAR Approach
By Ozer Karagedikli; Reserve Bank of New Zealand Leif-Anders Thorsrud; Norges Bank
Presented by: Ozer Karagedikli, public

Session 58: F8: Real-Time and High-Frequency Data
Session Chair: Stefano Neri, Bank of Italy
Date: July 16, 2010
Time: 16:20 - 18:00
Location: A226
A Real-time Analysis on Japan's Labor Productivity
By Naoko Hara; Bank of Japan Hibiki Ichiue; Bank of Japan
Presented by: Naoko Hara, Bank of Japan
Nowcasting GDP: Marginal Impacts of Data Releases in Real Time
[slides]
By David H. Small; Board of Governors of the Federal Reserve System Lucrezia Reichlin; London Business School, CPER Domenico Giannone; Universite Libre de Bruxelles, CPER Michele Modugno; European Central Bank
Presented by: David Small, Board of Governors of the Federal Reserv
Has the Fed Reacted Asymmetrically to Stock Prices?
By Søren Hove Ravn; University of Copenhagen
Presented by: Søren Hove Ravn, University of Copenhagen
Imperfect Information, Real Time Data and the Evaluation of Monetary Policy
By Stefano Neri; Banca d'Italia Tiziano Ropele; Banca d'Italia
Presented by: Stefano Neri, Bank of Italy

Session 59: F6: Fiscal Policy II
Session Chair: Chung Tran, University of New South Wales
Date: July 16, 2010
Time: 16:20 - 18:00
Location: A227
Canada's Retirement System: Prepared for an Aging Population?
By Alexander Ueberfeldt; Bank of Canada
Presented by: Alexander Ueberfeldt, Bank of Canada
Pensions in Spain: A Reform that Backfires
By Javier Díaz-Giménez; IESE Julián Díaz-Saavedra; Universidad de Granada
Presented by: Julián Díaz Saavedra, Universidad de Granada
Using the Estate Tax to Coordinate Across Generations
By James Feigenbaum; Utah State University T. Scott Findley; Utah State University
Presented by: T. Scott Findley, Utah State University
Health Care Financing over the Life Cycle, Universal Medical Vouchers and Welfare
By Juergen Jung; Towson University Chung Tran; University of New South Wales
Presented by: Chung Tran, University of New South Wales

Session 60: F9: Industry Structure
Session Chair: Vivien Lewis, Ghent University and National Bank of Belgium
Date: July 16, 2010
Time: 16:20 - 18:00
Location: AG10
News Shocks and Costly Technology Adoption
By Yi-Chan Tsai; The Ohio State University
Presented by: Yi-Chan Tsai, The Ohio State University
Directed Technical Change, Scale Effects and Industrial Structure
By Pedro Mazeda Gil; University of Porto Oscar Afonso; University of Porto Paulo Brito; Technical University of Lisbon
Presented by: Pedro Gil, University of Porto
Modeling Institutions, Start-ups and Productivity During Transition
By Zuzana Brixiova; African Development Bank Balazs Egert; Organization for Economic Cooperation and Development
Presented by: Zuzana Brixiova, African Development Bank
Firm Entry and the Monetary Transmission Mechanism
By Vivien Lewis; Ghent University Céline Poilly; Université Catholique de Louvain
Presented by: Vivien Lewis, Ghent University and National Bank of Belgium

Session 61: Conference Gala Dinner
Date: July 16, 2010
Time: 19:00 - 21:00
Location: The Royal Society
The Basel Capital Requirement Ratio and Its Impact on Banks All Over the World
[slides]
By Naoyuki Yoshino; Keio University Tomohiro Hirano; Financial Services Agency, Japan
Presented by: Naoyuki Yoshino, Kieo University

Session 62: G3: Experiments and Game Theory I
Session Chair: Roger McCain, Drexel University
Date: July 17, 2010
Time: 9:20 - 11:00
Location: AG21
A Multi-round Strategy Tournament of the Minority Game: A Combined Laboratory and Internet Experiment
By Jona Linde; CREED, University of Amsterdam Joep Sonnemans; CREED, University of Amsterdam Jan Tuinstra; CeNDEF, University of Amsterdam
Presented by: Jan Tuinstra, University of Amsterdam
Uncertainty and Disagreement in Forecasting Inflation: Evidence from the Laboratory
By Damjan Pfajfar; University of Tilburg Blaz Zakelj; Universitat Pompeu Fabra
Presented by: Damjan Pfajfar, University of Tilburg
Choices under Uncertainty: Human Experiments of Two-armed Bandit Problems
By Shu-Heng Chen; National Chengchi University Chung-Ching Tai; Tunghai University Ming–Chang Yeh; Tunghai University
Presented by: Chung-Ching Tai, Tunghai University
Solution and Simulation for Coalitional Games
By Roger A. McCain; Drexel University
Presented by: Roger McCain, Drexel University

Session 63: G4: International Economics II
Session Chair: Christoph Himmels, University of Exeter
Date: July 17, 2010
Time: 9:20 - 11:00
Location: AG22
Entry in a Monetary Union and Fiscal Policy: A Theoretical Analysis
By Angeliki Theophilopoulou; University of Westminster
Presented by: Angeliki Theophilopoulou, Birkbeck College, University of London
Monetary Policy in Presence of Endogenous Dollarization
By Daniela Hauser; Universitat Autónoma de Barcelona
Presented by: Daniela Hauser, UAB
Welfare and Monetary Policy under a Dollar Standard
By Yu-Ning Hwang; National Chengchi University Chien-Nan Lai; National Chengchi University
Presented by: Yu-Ning Hwang, National Chengchi University
The Interest-rate Exchange Rate Nexus: Exchange Rate Regimes and Multiple Equilibria
By Christoph Himmels; University of Exeter Tatiana Kirsanvoa; Univeristy of Exeter
Presented by: Christoph Himmels, University of Exeter

Session 64: G1: Monetary Policy III
Session Chair: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas
Date: July 17, 2010
Time: 9:20 - 11:00
Location: Great Hall
Monetary Policy, Expectations and Uncertainty
By Tsvetomira Tsenova; Bulgarian National Bank
Presented by: Tsvetomira Tsenova, Bulgarian National Bank
Robustness of Policy Rules
By Gino Cateau; Bank of Canada Hélène Desgagnés; Bank of Canada Stephen Murchison; Bank of Canada
Presented by: Stephen Murchison, Bank of Canada
The Bounds of Inflation-Targeting
By Enrique Martinez-Garcia; Federal Reserve Bank of Dallas Chikako Baba; IMF
Presented by: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas

Session 65: G7: Financial Crisis III
Session Chair: Corrado Di Guilmi, University of Technology, Sydney
Date: July 17, 2010
Time: 9:20 - 11:00
Location: AG11
Financial Shocks and Total Factor Productivity
By Keisuke Otsu; Sophia University Masashi Saito; Bank of Japan
Presented by: Keisuke Otsu, Sophia University
Heterogeneous Expectations and Financial Instability in a Pure Finance Economy
By Serena Sordi; University of Siena Alessandro Vercelli; University of Siena
Presented by: Serena Sordi, University of Siena
Debt Deflation Dynamics in a Heterogenous Agent Economy
By Carl Chiarella; University of Technology, Sydney Corrado Di Guilmi; University of Technology, Sydney
Presented by: Corrado Di Guilmi, University of Technology, Sydney
Capturing Early Warning Signal for Financial Crisis from the Dynamics of Stock Market Networks: Evidence from North American and Asian Stock Markets
By Ram Babu Roy; Indian Institute of Management Calcutta, Joka, Kolkata, India, 700104 Uttam K Sarkar; Indian Institute of Management Calcutta, Joka, Kolkata, India, 700104
Presented by: Ram Roy, Indian Institute of Management Calcutta

Session 66: G6: Business Cycles and Fluctuations III
Session Chair: Matthias Paustian, Bank of England
Date: July 17, 2010
Time: 9:20 - 11:00
Location: A227
Interaction of Labor and Credit Market Frictions: A Theoretical and Empirical Analysis
[slides]
By Ekkehard Ernst; International Labor Organization Stefan Mittnik; University of Munich Willi Semmler; New School for Social Research
Presented by: Willi Semmler, New School for Social Research
Employment Comovements at the Sectoral Level Over the Business Cycle
By Steve Cassou; Kansas State University Jesús Vázquez; Universidad del País Vasco
Presented by: Steven Cassou, Kansas State University
Credit Risk Transfer and the Macroeconomy
By Ester Faia; Goethe University Frankfurt
Presented by: Ester Faia, Johann Wolfgang Goethe University

Session 67: G2: Risk Management
Session Chair: Ana-Maria Fuertes, Cass Business School, City University
Date: July 17, 2010
Time: 9:20 - 11:00
Location: A130
The Role of Country, Regional and Global Market Risks in the Dynamics of Latin American Yield Spreads
By Alena Audzeyeva; Keele University Klaus Reiner Schenk-Hoppé; University of Leeds
Presented by: Alena Audzeyeva, Keele University
Dynamic Hedging Strategy for Portfolio Credit Derivatives
By Yang Liu; Cass Business School John Hatgioannides; Cass Business School
Presented by: Yang Liu, City University, London
Outliers in GARCH Models and the Estimation of Risk Measures
By Helena Veiga; University Carlos III de Madrid Aurea Grane; University Carlos III de Madrid
Presented by: Helena Veiga, University Carlos III Madrid
CREDIT RATINGS MIGRATION AND BUSINESS CYCLES
By Fei Fei; Cass Business School Ana-Maria Fuertes; Cass Business School Elena Kalotychou; Cass Business School
Presented by: Ana-Maria Fuertes, Cass Business School, City University

Session 68: G5: Agent-Based Models of Industrial Organisation II
Session Chair: Herbert Dawid, University of Bielefeld
Date: July 17, 2010
Time: 9:20 - 11:00
Location: A225
Comparing Pricing Rules in Combinatorial Auctions
By Asuncion Mochon; UNED Yago Saez; Universidad Carlos III de Madrid Jose Luis Gomez-Barroso; UNED Pedro Isasi; Universidad Carlos III de Madrid
Presented by: Asuncion Mochon, UNED
A Hedonic Approach to Product Innovation in an Agent-Based Macroeconomic Model
By Christophre Georges; Hamilton College
Presented by: Christophre Georges, Hamilton College
Testing Institutional Arrangements via Agent-Based Modeling: A U.S. Electricity Market Application
By Hongyan Li; ABB Inc. Junjie Sun; Office of the Comptroller of the Currency Leigh Tesfatsion; Iowa State University
Presented by: Junjie Sun, Office of the Comptroller of the Currency
Are Agent-based Simulations Robust? The Wholesale Electricity Trading Case
By Albert Banal-Estanol; Universitat Pompeu Fabra and City University Augusto Ruperez-Micola; Universitat Pompeu Fabra
Presented by: Albert Banal-Estanol, City University and Universitat Pompeu F

Session 69: G9: Expectations Imperfections and Dynamics
Session Chair: Franziska Bremus, DIW Berlin
Date: July 17, 2010
Time: 9:20 - 11:00
Location: AG10
Sticky Information and Asset Prices in a DSGE Model
By Marco Airaudo; Drexel University Roberta Cardani; Università di Parma Kevin Lansing; San Francisco Federal Reserve Bank
Presented by: Roberta Cardani, Università degli Studi di Parma
Rational Exuberance
[slides]
By Gaetano Gaballo; Columbia University
Presented by: Gaetano Gaballo, Columbia University
Unemployment and Portfolio Choice: Does Persistence Matter?
By Vladimir Kuzin; DIW Berlin Franziska M. Bremus; DIW Berlin
Presented by: Franziska Bremus, DIW Berlin

Session 70: G10: Labour Economics II
Session Chair: Thomas Lubik, Federal Reserve Bank of Richmond
Date: July 17, 2010
Time: 9:20 - 11:00
Location: AG06
On-the-job Search, Inflation Dynamics and Welfare Cost of Inflation
By Yahong Zhang; Bank of Canada
Presented by: Yahong Zhang, Bank of Canada
Intertemporal Labor Supply with Search Frictions
By Josep Pijoan-Mas; CEMFI and CEPR Claudio Michelacci; CEMFI and CEPR
Presented by: Josep Pijoan-Mas, CEMFI
Trends in US Hours and the Labor Wedge
By Simona E. Cociuba; Federal Reserve Bank of Dallas Alexander Ueberfeldt; Bank of Canada
Presented by: Simona Cociuba, Federal Reserve Bank of Dallas
Aggregate Hours Adjustment in Frictional Labor Markets
By Thomas Lubik; Federal Reserve Bank of Richmond Michael Krause; Deutsche Bundesbank
Presented by: Thomas Lubik, Federal Reserve Bank of Richmond

Session 71: G8: Econometric Theory IV
Session Chair: Valentyn Panchenko, UNSW
Date: July 17, 2010
Time: 9:20 - 11:00
Location: A226
Simple GMM Estimation of the Semi-Strong GARCH (1,1) Model
By Todd Prono; Commodity Futures Trading Commission
Presented by: Todd Prono, Commodity Futures Trading Commission
Higher Dimensional Multifractal Processes: A GMM Approach
By Ruipeng Liu; Deakin University Thomas Lux; University of Kiel and Institute for the World Economy
Presented by: Ruipeng Liu, Deakin University.
Fractional Regression Models for Second Stage DEA Efficiency Analyses
By Esmeralda A. Ramalho; Universidade de Évora and CEFAGE-UE Joaquim J.S. Ramalho; Universidade de Évora and CEFAGE-UE Pedro D. Henriques; Universidade de Évora and CEFAGE-UE
Presented by: Esmeralda Ramalho, Universidade de Evora
Partial Likelihood-Based Scoring Rules for Evaluating Density Forecasts in Tails
By Cees Diks; University of Amsterdam Valentyn Panchenko; University of New South Wales Dick van Dijk; Erasmus University Rotterdam
Presented by: Valentyn Panchenko, UNSW

Session 72: Plenary III - Ellen McGrattan
Date: July 17, 2010
Time: 11:25 - 12:30
Location: Great Hall

Session 73: Poster Session III - Finance and Spatial Models
Date: July 17, 2010
Time: 12:30 - 13:50
Location: The Pool
Valuation of Fuzzy Vulnerable Options and Risk Management
By Yu-hong Liu; National Cheng Kung University I-ming Jiang; Yuan Ze University
Presented by: Yu-hong Liu, National Cheng Kung University
Equity Importance Modeling with Financial Network and Betweenness Centrality
[slides]
By Zhao Zhao; Virginia Tech Guanhong Pei; Virginia Tech Fei Huang; Virginia Tech Xiaomo Liu; Virginia Tech
Presented by: Zhao Zhao, Virginia Tech
The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions
By Christiane Clemens; University of Hamburg Maik Heinemann; University of Luneburg
Presented by: Christiane Clemens, University of Bielefeld
Some Generalizations of VRA Algorithms for Financial Time Series Analysis
By Ladislav Lukáš; University of West Bohemia
Presented by: Ladislav Lukas, University of West Bohemia

Session 74: Poster Session III - Finance and Spatial Models
Date: July 17, 2010
Time: 12:30 - 13:50
Location: The Pool
Advanced Estimates of Regional Accounts: A Monte Carlo Experiment to Obtain Unconditioned Unobserved Components
By Riccardo Corradini; ISTAT Central Direction of National Accounts Italy
Presented by: Riccardo Corradini, ISTAT
Assessing the Efficiency of Local Government in Italy: Do Spatial Externalities Matter?
By Carlo Andrea Bollino; University of Perugia and LUISS Gianfranco Di Vaio; University of Perugia and LUISS Paolo Polinori; University of Perugia
Presented by: Gianfranco Di Vaio, LUISS
Liquidity, Risk and Return: Specifying an Objective Function for the Management of Foreign Reserves
By Yuliya Romanyuk; Bank of Canada
Presented by: Yuliya Romanyuk, Bank of Canada

Session 75: H1: Pricing of Derivative Securities
Session Chair: Boda Kang, University of Technology, Sydney
Date: July 17, 2010
Time: 14:00 - 15:40
Location: Great Hall
Valuation of Catastrophe Options with Counterparty Risk
By I-ming Jiang; Yuan Ze University Yu-hong Liu; National Cheng Kung University
Presented by: I-ming Jiang, Yuan Ze University
Pricing the CBOT T-Bonds Futures
By Ramzi Ben Abdallah; University of Quebec at Montreal Michele Breton; HEC Montreal Hatem Ben Ameur; HEC Montreal
Presented by: Ramzi Ben Abdallah, UQAM School of Management
The Evaluation of Barrier Option Prices under Stochastic Volatility
By Carl Chiarella; University of Technology, Sydney Boda Kang; University of Technology, Sydney Gunter Meyer; Georgia Institute of Technology
Presented by: Carl Chiarella, University of Technology Sydney
The Evaluation of Swing Contracts with Regime Switching
By Carl Chiarella; University of Technology, Sydney Les Clewlow; Lacima Group Boda Kang; University of Technology, Sydney
Presented by: Boda Kang, University of Technology, Sydney

Session 76: H6: Bayesian Methods
Session Chair: Bart Diris, Maastricht University
Date: July 17, 2010
Time: 14:00 - 15:40
Location: A227
Indirect Bayesian Estimation Using Nonparametric Simulated Likelihood
By Michael Creel; Universitat Autònoma de Barcelona and Move Dennis Kristensen; Columbia University and CREATES
Presented by: Michael Creel, Universitat Autonoma de Barcelona
Linear Models with ARMA-GARCH Properties: Estimation and Application
By Gonul Colak; Florida State University Necati Tekatli; Central Bank of Turkey and Institute for Economic Analysis
Presented by: Necati Tekatli, Central Bank of Turkey
Model Uncertainty for Long-term Investors
By Bart Franciscus Diris; Maastricht University, Netspar
Presented by: Bart Diris, Maastricht University

Session 77: H9: Issues in Globalization
Session Chair: Janos Varga, European Commission
Date: July 17, 2010
Time: 14:00 - 15:40
Location: AG10
Trade Integration, Home Market Effect and Comovement
By Luciana Juvenal; Federal Reserve Bank of St. Louis Paulo Santos Monteiro; University of Warwick
Presented by: Luciana Juvenal, Federal Reserve Bank of St Louis
The Structure and Growth of International Trade
By Massimo Riccaboni; University of Trento Stefano Schiavo; University of Trento
Presented by: Massimo Riccaboni, DISA
Economic growth, environmental degradation and pollution taxes with uncertain lifetimes
By Aditya Goenka (National University of Singapore) Saqib Jafarey (City University, London) William Pouliot (University of Liverpool and City University, London)
Presented by: Saqib Jafarey, City University, London
What is the Growth Potential of Green Innovation? A Model-based Assessment of EU Climate Policy Options
By Andrea Conte; European Commission Ariane Labat; European Commission Janos Varga; European Commission Ziga Zarnic; European Commission
Presented by: Janos Varga, European Commission

Session 78: H8: Heterogeneous Agents
Session Chair: Jasmina Arifovic, Simon Fraser University
Date: July 17, 2010
Time: 14:00 - 15:40
Location: A226
Experimenting with Individual Expectations and Aggregate Macro Behavior
By T. Assenza; Catholic University of Milan P. Heemeijer; De Nederlandsche Bank C. Hommes; CeNDEF, University of Amsterdam D. Massaro; CeNDEF, University of Amsterdam
Presented by: Domenico Massaro, University of Amsterdam
Heterogeneous Expectations, Learning and Monetary Policy Rules in A Two-country Model
By Qinwei Wang; University of Cambridge
Presented by: Qinwei Wang, University of Cambridge
Social Learning and Monetary Policy Rules
By Jasmina Arifovic; Simon Fraser University James Bullard; Federal Reserve Bank of St. Louis Olena Kostyshyna; Portland State University
Presented by: Jasmina Arifovic, Simon Fraser University

Session 79: H5: Housing, Asset prices and Monetary Policy
Session Chair: Caterina Mendicino, Bank of Canada
Date: July 17, 2010
Time: 14:00 - 15:40
Location: A225
Inflation, Nominal Debt, Housing and Welfare
By Shutao Cao; Bank of Canada Cesaire Meh; Bank of Canada Jose-Victor Rios-Rull; University of Minnesota Yasuo Terajima; Bank of Canada
Presented by: Yaz Terajima, Bank of Canada
Expectation-Driven Cycles in the Housing Market
By Luisa Lambertini; EPFL Caterina Mendicino; Banco de Portugal Maria Teresa Unzi; Universidad de Alicante
Presented by: Caterina Mendicino, Bank of Canada

Session 80: H3: Macroeconomics III
Session Chair: Carlos Montoro, Bank for International Settlements
Date: July 17, 2010
Time: 14:00 - 15:40
Location: AG21
A Unified Solution to Inventory Puzzles
[slides]
By Louis Maccini; Johns Hopkins Univesity Bartholomew Moore; Fordham University Huntley Schaller; Carleton University
Presented by: Bartholomew Moore, Fordham University
Imperfect Asset Substitution in a Small Open Economy Model
By José Dorich; Bank of Canada Rhys Mendes; Bank of Canada Yang Zhang; Bank of Canada
Presented by: José Dorich, Bank of Canada
The Fed's Perceived Phillips Curve: Evidence from Individual FOMC Forecasts
By Peter Tillmann; Justus-Liebig-University Giessen
Presented by: Peter Tillmann, Justus Liebig University Giessen
Monetary Policy in the Presence of Informal Labor Markets
[slides]
By Paul Castillo; Banco Central de Reserva del Perú Carlos Montoro; Banco Central de Reserva del Perú and Bank for International Settlements
Presented by: Carlos Montoro, Bank for International Settlements

Session 81: H10: Policy Implications of Financial Frictions
Session Chair: Salem Abo-Zaid, University of Maryland
Date: July 17, 2010
Time: 14:00 - 15:40
Location: AG06
Financial Frictions and Optimal Monetary Policy in an Open Economy
By Marcin Kolasa; National Bank of Poland and Warsaw School of Economics Giovanni Lombardo; European Central Bank
Presented by: Marcin Kolasa, National Bank of Poland
The Financial Accelerator Under Learning and the Role of Monetary Policy
[slides]
By Rodrigo Caputo; Central Bank of Chile Juan Pablo Medina; Central Bank of Chile Claudio Soto; Central Bank of Chile
Presented by: Rodrigo Caputo, Banco Central de Chile
The Optimal Long-Run Inflation Rate in Frictional Credit Markets
By Salem Abo-Zaid; University of Maryland
Presented by: Salem Abo-Zaid, University of Maryland

Session 82: H7: Fiscal Policy III
Session Chair: William Peterman, University of California - San Diego
Date: July 17, 2010
Time: 14:00 - 15:40
Location: AG11
Dividend and Capital Gains Taxation under Incomplete Markets
By Alexis Anagnostopoulos; SUNY Stony Brook Eva Carceles-Poveda; SUNY Stony Brook Danmo Lin; University of Maryland
Presented by: Alexis Anagnostopoulos, Stony Brook University
Distortionary Taxation, Debt, and Immigration
By Michael Ben-Gad City University London
Presented by: Michael Ben-Gad, City University
The Effect of Learning-by-doing on Optimal Taxation
By William Peterman; University California - San Diego
Presented by: William Peterman, University of California - San Diego

Session 83: H4: Finance IV
Session Chair: Chi-Feng Tzeng, Lancaster University
Date: July 17, 2010
Time: 14:00 - 15:40
Location: AG22
Defaultable Hidden Markov HJM Term Structure Class of Models
By Samuel Maina; University of Technology, Sydney Carl Chiarella; University of Technology, Sydney
Presented by: Samuel Maina, UTS
A Dynamic Copula Approach to the Estimation of Time Varying Asymmetric Tail Dependence: Evidence in the German Market
By Evdoxia Pliota; APT, Sungard Wing Lon Ng; Centre for Computational Finance and Economic Agents(CCFEA), University of Essex
Presented by: Evdoxia Pliota, HSBC Holdings plc
The Dependence Structure Between the European Emission Allowance Prices and Other Financial Assets and Commodities - A Copula Analysis
By Marc Gronwald; ifo Institute for Economic Research Janina Ketterer; ifo Institute for Economic Research Stefan Trück; Macquire University Sydney
Presented by: Marc Gronwald, ifo Institute for Economic Research
Information About Price and Volatility Jumps Inferred from Option Prices
By Stephen J. Taylor; Lancaster University Chi-Feng Tzeng; Lancaster University Martin Widdicks; Lancaster University
Presented by: Chi-Feng Tzeng, Lancaster University

Session 84: H2: Macroeconometrics II
Session Chair: Chiara Scotti, Federal Reserve Board
Date: July 17, 2010
Time: 14:00 - 15:40
Location: A130
Multiple Testing in Growth Econometrics
By Christoph Hanck; Rijksuniversiteit Groningen Thomas Deckers; Universität Bonn
Presented by: Thomas Deckers, Universität Bonn
Measuring Output Gap Uncertainty
By Anthony Garratt; Birkbeck College James Mitchell; NIESR Shaun P. Vahey; Australian National University
Presented by: Anthony Garratt, Birkbeck College, University of London
An Application of the Choleskized Multivariate Distributions for Constructing Inflation 'Fan Charts'
By Wojciech Charemza; University of Leicester Piotr Jelonek; University of Leicester Svetlana Makarova; University College London
Presented by: Svetlana Makarova, University College London
Why Do Certain Macroeconomic News Announcements Have A Big Impact On Asset Prices?
By Thomas J. Gilbert; Foster School of Business Chiara Scotti; Federal Reserve Board Georg Strasser; Boston College Clara Vega; Federal Reserve Board
Presented by: Chiara Scotti, Federal Reserve Board

Session 85: I6: Experiments and Game Theory II
Session Chair: Nicolaas Vriend, Queen Mary, University of London
Date: July 17, 2010
Time: 16:20 - 18:00
Location: AG11
Born Under a Lucky Star?
By Nobuyuki Hanaki; GREQAM, Universite de la Mediterranee and University of Tsukuba Alan Kirman; GREQAM Matteo Marsili; Abdus Salam International Centre for Theoretical Physics
Presented by: Nobuyuki Hanaki, GREQAM, Universite de la Mediterranee, U
Assessing elicitation task bias in time preference using experiments with artificial subjects
By Oksana Tokarchuk; University of Trento Roberto Gabriele; University of Trento
Presented by: Oksana Tokarchuk, University of Trento
Applying Network Structure to Dynamic Stochastic General Equilibrium (DSGE) Macroeconomic Models
By Shu-Heng Chen; National Chengchi University Yi-Heng Tseng; Yuan Ze University Chia-Ling Chang; National Chengchi University
Presented by: Chia-Ling Chang, National Chengchi University
Learning To Use Non-equilibrium Focal Points as Coordination Devices
By Nicolaas J. Vriend; Queen Mary, University of London
Presented by: Nicolaas Vriend, Queen Mary, University of London

Session 86: I4: Agent-Based Models of Financial Markets II
Session Chair: Peter Anselmo, New Mexico Institute of Mining and Tech
Date: July 17, 2010
Time: 16:20 - 18:00
Location: A225
Breeding One's Own Subprime Crisis. The Labour Market Effects on Financial System Stability.
By Tomasz Daras; University of Warsaw and National Bank of Poland Joanna Tyrowicz; University of Warsaw and National Bank of Poland
Presented by: Tomasz Daras, National Bank of Poland
Evaluating the Impact of Extreme Conditions in Financial Markets with a Flexible Agent-Based Market Simulation
By Shih-Fen Cheng; Singapore Management University Bernard Lee; Singapore Management University Annie Koh; Singapore Management University
Presented by: Shih-Fen Cheng, Singapore Management University
Double Auction Market Trading Rules and Market Liquidity
By Peter C. Anselmo New Mexico Institute of Mining and Technology
Presented by: Peter Anselmo, New Mexico Institute of Mining and Tech
Herding Effects in Order Driven Markets: the Rise and Fall of Gurus
By Gabriele Tedeschi; Universita Politecnica delle Marche Giulia Iori; City University, London Mauro Gallegati; Universita Politecnica delle Marche
Presented by: Gabriele Tedeschi, Universita Politecnica delle Marche

Session 87: I8: Bounded Rationality in Economics and Finance
Session Chair: Chuan-hsi Chen, Ministry of Justice, Taiwan
Date: July 17, 2010
Time: 16:20 - 18:00
Location: AG10
The Value of Waiting to Trade
By Alasdair Brown; SOAS, University of London
Presented by: Alasdair Brown, SOAS, University of London
Is Keynesian Uncertainty Compatible with Fuzzy Logic Framework?
By Alexandre Campos Gomes de Souza; Central Bank of Brazil
Presented by: alexandre gomes de souza, Banco Central do Brasil
Decision Making in Economy and Management by Means of Fuzzy Logic with the Support of Classical Methods
By Petr Dostal; Brno University of Technology
Presented by: Petr Dostál, Brno University of Technology
Use Text Mining Method to Support Criminal Case Judgment --- Referential Sentence Generation for Drug Abuse Judgment
[slides]
By Chuan-hsi Chen; National Chengchi University Jeffery Y. P. Ch; National Chengchi University
Presented by: Chuan-hsi Chen, Ministry of Justice, Taiwan

Session 88: I3: International Economics III
Session Chair: Yuan Tian, Tokyo Metropolitan University
Date: July 17, 2010
Time: 16:20 - 18:00
Location: AG22
International Portfolio Allocation under Model Uncertainty
By Pierpaolo Benigno; LUISS Guido Carli, NBER, CEPR Salvatore Nisticò; Università di Roma Tor Vergata, LUISS Guido Carli
Presented by: Salvatore Nistico, Università di Roma Tor Vergata and LUISS Guido Carli
The Effects of Foreign Shocks when Interest Rates are at Zero
By Martin Bodenstein, Federal Reserve Board; Christopher Erceg, Federal Reserve Board; Luca Guerrieri, Federal Reserve Board;
Presented by: Luca Guerrieri, Federal Reserve Board
Financial Frictions, Financial Integration and the International Propagation of Shocks
By Luca Dedola; ECB Giovanni Lombardo; ECB
Presented by: Giovanni Lombardo, European Central Bank
Investment and Capital Structure Decisions of Foreign Subsidiary with International Debt Shifting and Exchange Rate Uncertainty
By Masaaki Kijima; Tokyo Metropolitan University Yuan Tian; Tokyo Metropolitan University
Presented by: Yuan Tian, Tokyo Metropolitan University

Session 89: I1: Empirical Tests of Monetary Policy
Session Chair: Maral Kichian, Bank of Canada
Date: July 17, 2010
Time: 16:20 - 18:00
Location: Great Hall
The Taylor Rule and Interest Rate Uncertainty in the U.S. 1970-2006
By Martin Mandler; University of Giessen
Presented by: Martin Mandler, University of Giessen
Monetary Policy and the Great Inflation: A Multi-Country Time-Varying Analysis Using the Taylor Rule
By Jacek Suda; Banque de France Anastasia S. Zervou; Texas A&M University
Presented by: Anastasia Zervou, Texas A&M University
Are there Asymmetric Effects at the Country Level? A Structural Factor Analysis of ECB Monetary Policy
By Matteo Barigozzi; ECARES, Université Libre de Bruxelles Antonio M. Conti; ECARES, Université Libre de Bruxelles and University of Rome "La Sapienza" Matteo Luciani; University of Rome "La Sapienza"
Presented by: Matteo Luciani, University of Rome
Identification-Robust Estimates of the Equilibrium Real Rate with an Application to Canadian Data
By Maral Kichian; Bank of Canada
Presented by: Maral Kichian, Bank of Canada

Session 90: I5: Macroeconomics IV
Session Chair: Marco Raberto, Reykjavik University
Date: July 17, 2010
Time: 16:20 - 18:00
Location: A227
QR-GARCH-M Model for Risk-Return Tradeoff in U.S. Stock Returns and Business Cycles
By Henri Nyberg; University of Helsinki
Presented by: Henri Nyberg, University of Helsinki
Explaining the Asset Pricing Puzzles in the RBC Framework: the Prospect Theory Approach
By Julia Lendvai; European Commission Rafal Raciborski; ULB
Presented by: Julia Lendvai, European Commission
Interactions Between the Real Economy and the Stock Market
By Frank Westerhoff; University of Bamberg
Presented by: Frank Westerhoff, University of Bamberg
Credit Markets, Financial Fragility and Macroeconomic Fluctuations in the Agent-based Model and Simulator Eurace
By Marco Raberto; Reykjavik University Andrea Teglio; Universitat Jaume I Silvano Cincotti; University of Genoa
Presented by: Marco Raberto, Reykjavik University

Session 91: I7: Statistical Methods
Session Chair: Keith Knight, University of Toronto
Date: July 17, 2010
Time: 16:20 - 18:00
Location: A226
High Dimensional Nonparametric Discrete Choice Model
By Maureen Dinna D. Giron; University of the Philippines Erniel B. Barrios; University of the Philippines
Presented by: Maureen Dinna Giron, University of the Philippines
Simulation Based Estimation of Threshold Moving Average Models with Contemporaneous Shock Asymmetry
By Huseyin Tastan; Yildiz Technical University
Presented by: Huseyin Tastan, Yildiz Technical University
Evolution of Firm Distributions Through the Lens of Functional Principal Components Analysis
By David Jacho-Chavez; Indiana University Kim Huynh; Indiana University Robert Petrunia; Lakehead University Marcel Voia; Carleton University
Presented by: Robert Petrunia, Lakehead Universtiy
A Diagnostic for Density Homogeneity in Quantile Regression
By Keith Knight; University of Toronto Chuan Goh; University of Toronto
Presented by: Keith Knight, University of Toronto

Index of Participants

Legend: C=chair, P=Presenter, D=Disscussant

Session 92: I2: Dynamic Estimation
Session Chair: Tom De Groote, Ghent University
Date: July 17, 2010
Time: 16:20 - 18:00
Location: A130
Accuracy of Some Nonparametric Price Indexes Relative to a True Parametric Price Index of an Estimated Cobb-Douglas Marginal Utility Model
By Peter Zadrozny; Bureau of Labor Statistics
Presented by: Peter Zadrozny, Bureau of Labor Statistics
Real Option Pricing in a Fuzzy Stochastic Environment
[slides]
By Chingliang Chang; Finance at Graduate School of Management, Yuan Ze University I-ming Jiang; Department of Finance, Yuan Ze University Po-yuan Chen; Tamkang University and Jinwen University of Science and Technology
Presented by: Ching Chang, Yuan Ze University
Least Squares Estimation of Dynamic Panels using Backward Means to Eliminate Individual Effects
[slides]
By Gerdie Everaert; SHERPPA, Ghent University
Presented by: Gerdie Everaert, Ghent University
Common Correlated Effects Estimation of Dynamic Panels with Cross-Sectional Dependence
By Tom De Groote; Ghent University Gerdie Everaert; Ghent University
Presented by: Tom De Groote, Ghent University

#	Participant	Roles in Conference
1	Abo-Zaid, Salem	C81, P81
2	Alessi, Lucia	P21
3	Ambler, Steven	P49
4	Amorim Neto, Manoel	P14
5	Anagnostopoulos, Alexis	P82
6	Anderson, Gary	P5
7	Anselmo, Peter	C86, P86
8	Anufriev, Mikhail	P52
9	Arifovic, Jasmina	C78, P78
10	Armenter, Roc	P15
11	Assenza, Tiziana	P46
12	Atolia, Manoj	P36
13	Audzeyeva, Alena	P67
14	Ball, Steffan	C30, P30
15	Ballini, Rosangela	P7
16	Banal-Estanol, Albert	P68
17	Barigozzi, Matteo	C27, P27
18	Barnett, Alina	C24, P24
19	Barthelemy, Jean	C46, P46
20	Barunik, Jozef	C14, P14
21	Ben Abdallah, Ramzi	P75
22	Ben-Gad, Michael	P82
23	Bodenstein, Martin	P49
24	Bos, Charles	C7, P7
25	Bowden, Mark	P13
26	Bremus, Franziska	C69, P69
27	Brixiova, Zuzana	P60
28	Brown, Alasdair	P87
29	Brumm, Johannes	P44
30	Brunetti, Marianna	P41
31	Brunetti, Celso	P54
32	Cahn, Christophe	C8, P8
33	Cakici, S. Meral	P47
34	Caldara, Dario	P24
35	Calvet, Laurent	C23, P23
36	Cantore, Cristiano	P20
37	Caputo, Rodrigo	P81
38	Cardani, Roberta	P69
39	Cassou, Steven	P66
40	Chadha, Jagjit	C38, P38
41	Chang, Chia-Ling	P85
42	Chang, Myong-Hun	C9, P9
43	Chang, Ching	P92
44	Chapados, Nicolas	P39
45	Charemza, Wojciech	P11
46	Chen, Chuan-hsi	C87, P87
47	Cheng, Shih-Fen	P86
48	Chiarella, Carl	P75
49	Chli, Maria	P13
50	Cho, In-Koo	P21
51	Chow, Hwee Kwan	P24
52	Christophersen, Casper	P1
53	Cirillo, Pasquale	P22
54	Clemens, Christiane	P73
55	Cociuba, Simona	P70
56	Conti, Antonio	P25
57	Corradini, Riccardo	P74
58	Corrado, Luisa	P6
59	Costain, James	P19
60	Cova, Pietro	P28
61	Cozzi, Marco	P44
62	Creel, Michael	P76
63	Czellar, Veronika	P38
64	Dahlhaus, Tatjana	P24
65	Daito, Masatora	P42
66	Daras, Tomasz	P86
67	Daskalova, Vessela	P9
68	Dave, Chetan	C29, P29
69	Dawid, Herbert	C31, P31, C68
70	Díaz Saavedra, Julián	P59
71	De Graeve, Ferre	P30
72	De Groote, Tom	C92, P92
73	Deckers, Thomas	P84
74	Del Negro, Marco	P49
75	Delli Gatti, Domenico	P31
76	Deng, Yi	P42
77	Dennis, Richard	P34
78	Dent, Pamela	C21, P21
79	Di Guilmi, Corrado	C65, P65
80	Di Vaio, Gianfranco	P74
81	Dieppe, Alistair	P29
82	Dindo, Pietro	P15
83	Dionisio, Andreia	C32, P32
84	Diris, Bart	C76, P76
85	Dmitriev, Alexandre	C4, P4
86	Dollery, Jian	P50
87	Doornik, Jurgen	P39
88	Dorich, José	P80
89	Dostál, Petr	P87
90	Einarsson, Tor	P54
91	El-Shagi, Makram	P14
92	Esmaeili, Maryam	P42
93	Everaert, Gerdie	P92
94	Eyquem, Aurélien	C33, P33
95	Fagiolo, Giorgio	C22
96	Fahr, Stephan	P8
97	Faia, Ester	P66
98	Falavigna, Greta	P38
99	Falconieri, Sonia	P6
100	Feigenbaum, James	C44, P44
101	Femminis, Gianluca	C35, P35
102	Ferrero, Andrea	P55
103	Ferrero, Giuseppe	C3, P3
104	Findley, T. Scott	P59
105	Fuertes, Ana-Maria	C67, P67
106	Furlanetto, Francesco	P17
107	Gaballo, Gaetano	P69
108	Gabriele, Roberto	C43, P43
109	Garratt, Anthony	P84
110	Georges, Christophre	P68
111	Gerali, Andrea	P45
112	Germano, Guido	P1
113	Giannitsarou, Chryssi	P36
114	Gil, Pedro	P60
115	Giron, Maureen Dinna	P91
116	Glover, Kristoffer	P2
117	Goldbaum, David	C47, P47
118	gomes de souza, alexandre	P87
119	Gonzalez, Fidel	P41
120	Gonzalez Gomez, Andres	C39, P39
121	Gottlieb, Charles	P36
122	Grau-Carles, Pilar	P23
123	Gronwald, Marc	P83
124	Growiec, Jakub	P4
125	GUEGAN, Dominique	C48
126	Guerrieri, Luca	P88
127	Haertel, Thomas	P51
128	Halvorsen, Jørn	C54, P54
129	Hammermann, Felix	P34
130	Hanaki, Nobuyuki	P85
131	Hara, Naoko	P58
132	Harting, Philipp	P22
133	Hauser, Daniela	P63
134	He, Xue-Zhong	P52
135	Hertweck, Matthias	P16
136	Hillebrand, Marten	P8
137	Hillmann, Katja	P31
138	Himmels, Christoph	C63, P63
139	Ho, Tai-kuang	P12
140	Hodges, Stewart	P10
141	Hove Ravn, Søren	P58
142	Hwang, Yu-Ning	P63
143	Iacopetta, Maurizio	P11
144	Ielpo, Florian	P50
145	Jafarey, Saqib	P77
146	Jensen, Christian	C20, P20
147	Jiang, I-ming	P75
148	Juillard, Michel	P27, C37
149	Juvenal, Luciana	P77
150	Kabaca, Serdar	P56
151	Kamber, Günes	P35
152	Kamps, Christophe	P30
153	Kang, Boda	C75, P75
154	Karagedikli, Ozer	C57, P57
155	Kasa, Kenneth	C34, P34
156	Kendrick, David	C55, P55
157	Kichian, Maral	C89, P89
158	Kim, Jinill	P37
159	Kirchner, Markus	P12
160	Kliem, Martin	C26, P26
161	Knüppel, Malte	P39
162	Knight, Keith	C91, P91
163	Kolasa, Marcin	P81
164	Kostyshyna, Olena	P38
165	Krause, Michael	P17
166	Kristoufek, Ladislav	P7
167	Kuzin, Vladimir	P32
168	Ladley, Daniel	C1, P1
169	Landis, Florian	P44
170	Landry, Anthony	P45
171	Lanne, Markku	P48
172	Lansing, Kevin	P6
173	le Roux, Stephanus	P33
174	Leblebicioglu, Asli	P57
175	Lendvai, Julia	P90
176	Lewis, Vivien	C60, P60
177	Li, Youwei	C2, P2
178	LI, Fuchun	P32
179	Lipinska, Anna	P3
180	Liu, Yang	P67
181	Liu, Yu-hong	P73
182	Liu, Ruipeng	P71
183	Lombardo, Giovanni	P88
184	Lozej, Matija	P17
185	Lubik, Thomas	C70, P70
186	Luciani, Matteo	P89
187	Lugo, Haydee	P9
188	Lukas, Ladislav	P73
189	Lux, Thomas	P2
190	Lyra, Marianna	C50, P50
191	Macieira, Joao	P8
192	Maina, Samuel	P83
193	Makarova, Svetlana	P84
194	Makarski, Krzysztof	C25, P25
195	Maldonado, Wilfredo Fernando	P16
196	Maliar, Serguei	P37
197	Malin, Ben	P37
198	Mandler, Martin	P89
199	María-Dolores, Ramón	P46
200	Mariathasan, Mike	C18, P18
201	Martinez-Garcia, Enrique	C64, P64
202	Massaro, Domenico	P78
203	Maugis, Pierre-André	P14
204	McCain, Roger	C62, P62
205	McCulloch, J. Huston	P21
206	McNelis, Paul	P56
207	Mele, Antonio	P16
208	Mendicino, Caterina	C79, P79
209	Mertens, Elmar	C5, P5
210	Mertens, Thomas	P5
211	Mochon, Asuncion	P68
212	Moessner, Richhild	P3
213	Monokroussos, George	P11
214	Montoro, Carlos	C80, P80
215	Moore, Bartholomew	P80
216	Moyen, Stéphane	P26
217	Murchison, Stephen	P64
218	Nakajima, Makoto	P28
219	Nakov, Anton	P45
220	napoletano, mauro	P53
221	Neck, Reinhard	P33
222	Neri, Stefano	C58, P58
223	Nistico, Salvatore	P88
224	Noriega, Antonio	P51
225	Nyberg, Henri	P90
226	Ocaktan, Tarik	P27
227	Otsu, Keisuke	P65
228	Panchenko, Valentyn	C71, P71
229	Paustian, Matthias	C66
230	Pearlman, Joseph	P3
231	Pellizzari, Paolo	P52
232	Perez, Ander	P25
233	Peroni, Chiara	P23
234	Peterman, William	C82, P82
235	Petrella, Ivan	P18
236	Petrunia, Robert	P91
237	Pfajfar, Damjan	P62
238	Pichler, Paul	P37
239	Pijoan-Mas, Josep	P70
240	Pliota, Evdoxia	P83
241	Postalci, Efe	C13, P13
242	Prieto, Esteban	P1
243	Prono, Todd	P71
244	Puch, Luis	C45, P45
245	Raberto, Marco	C90, P90
246	Rakotomarolahy, Patrick	P48
247	Ramalho, Joaquim	C51, P51
248	Ramalho, Esmeralda	P71
249	Ramanarayanan, Ananth	P47
250	Reiter, Michael	C28, P28
251	Riccaboni, Massimo	P77
252	Richiardi, Matteo	P31
253	Rockey, James	P53
254	Romanyuk, Yuliya	P74
255	Rowat, Colin	P15
256	Roy, Ram	P65
257	Ruebeck, Christopher	P9
258	Rustem, Berc	P55
259	Sacht, Stephen	P35
260	Sanchez-Martin, Alfonso	P41
261	Santoro, Emiliano	P46
262	Schmidt, Sebastian	P55
263	Scholl, Almuth	P47
264	Scotti, Chiara	C84, P84
265	Sella, Lisa	P11
266	Semmler, Willi	P66
267	Sengupta, Abhijit	P43
268	shah, imran	P18
269	shi, shuping	P32
270	Shibayama, Katsuyuki	P20
271	Silos, Pedro	C16, P16
272	Slobodyan, Sergey	P30
273	Small, David	P58
274	Sneessens, Henri	C56, P56
275	Sokalska, Magdalena	C52, P52
276	Sordi, Serena	P65
277	Straub, Roland	P28
278	Suda, Jacek	P29
279	Suen, Yu-Bo	P54
280	Sun, Junjie	P68
281	Sunakawa, Takeki	P5
282	Sunel, Enes	P56
283	Suzuki, Tomoya	C17, P17
284	Sveen, Tommy	P34
285	Szerszen, Pawel	P23
286	Tai, Chung-Ching	P62
287	Tanaka, Misa	P57
288	Tastan, Huseyin	P91
289	Tedeschi, Gabriele	P86
290	Tekatli, Necati	P76
291	Terajima, Yaz	P79
292	Tessone, Claudio	P13
293	Tetlow, Robert	C49, P57
294	Theophilopoulou, Angeliki	P63
295	Tian, Yuan	C88, P88
296	Tillmann, Peter	P80
297	Tokarchuk, Oksana	P85
298	Tran, Chung	C59, P59
299	Tsai, Yi-Chan	P60
300	Tsenova, Tsvetomira	P64
301	Tuinstra, Jan	P62
302	Turnovsky, Stephen	C36, P36
303	Tzeng, Chi-Feng	C83, P83
304	Ueberfeldt, Alexander	P59
305	Varga, Janos	C77, P77
306	Vázquez, Jesús	P12
307	Veiga, Helena	P67
308	Verhelst, Benjamin	P19
309	Vitali, Stefania	P22
310	voudouris, vlasios	P43
311	Vriend, Nicolaas	C85, P85
312	Wagener, Florian	P27
313	Wang, Qinwei	P78
314	Warne, Anders	P48
315	Wei, Chao	C15, P15
316	Wenzelburger, Jan	P7
317	Westerhoff, Frank	P90
318	Winkler, Roland	P26
319	Wohlrabe, Klaus	P51
320	Wolters, Maik	P48
321	Wu, Tao	P12
322	Yamada, Takashi	P42
323	Yates, Tony	C19, P19
324	Yeh, Chia-Hsuan	P2
325	Yildizoglu, Murat	C53, P53
326	Yoshino, Naoyuki	P20, P61
327	Zabczyk, Pawel	C6, P6
328	Zadrozny, Peter	P92
329	Zanetti, Francesco	P19
330	Zervou, Anastasia	P89
331	Zhang, Yahong	P70
332	Zhao, Zhao	P73