Society for Computational Economics - CEF 2013

Vancouver, BC Canada

 

Program Notes and Index of Sessions

 

Summary of All Sessions

Click here for an index of all participants

Date/TimeLocationTitlePapers
July 10, 2013
9:00-10:40
Port McNeill A1: Heterogeneous Expectations3
July 10, 2013
9:00-10:40
Port Hardy A2: Applied Macro-Labor3
July 10, 2013
9:00-10:40
Port Alberni A3: Wage Dynamics and Labor Market Policies4
July 10, 2013
9:00-10:40
Parksville A4: Zero Lower Bound4
July 10, 2013
9:00-10:40
Orca A5: International Portfolio Choice4
July 10, 2013
9:00-10:40
Finback A6: Time Series Econometrics4
July 10, 2013
9:00-10:40
Gulf Islands B/C/D A7: Empirical Macro I4
July 10, 2013
9:00-10:40
Beluga A8: Sovereign Debt and Fiscal Policy4
July 10, 2013
11:10-12:50
Port Alberni B1: Agent-Based Modeling of Industrial Dynamics4
July 10, 2013
11:10-12:50
Port Hardy B2: Financial Frictions and Imperfect Knowledge4
July 10, 2013
11:10-12:50
Beluga B3: Term Structure of Interest Rates4
July 10, 2013
11:10-12:50
Parksville B4: Unemployment4
July 10, 2013
11:10-12:50
Orca B5: Fiscal Policy I4
July 10, 2013
11:10-12:50
Finback B6: Inflation Dynamics4
July 10, 2013
11:10-12:50
Port McNeill B7: Agent-based Models of Financial Markets3
July 10, 2013
11:10-12:50
Gulf Islands B/C/D B8: International Business Cycles3
July 10, 2013
11:10-12:50
Azure B9: Financial Econometrics4
July 10, 2013
16:15-17:55
Parksville C1: Economic Networks, Their Causes and Consequences: An Agent-Based Approach4
July 10, 2013
16:15-17:55
Port Hardy C2: Empirical Macro-Finance4
July 10, 2013
16:15-17:55
Orca C3: Labor Market Frictions and Financial Frictions4
July 10, 2013
16:15-17:55
Finback C4: Financial (In)stability4
July 10, 2013
16:15-17:55
Port McNeill C5: Financial Crises and Bubbles4
July 10, 2013
16:15-17:55
Beluga C6: Econometric Methods3
July 10, 2013
16:15-17:55
Gulf Islands B/C/D C7: Environmental Economics4
July 10, 2013
16:15-17:55
Port Alberni C8: Experimental Economics4
July 11, 2013
9:00-10:40
Port Alberni D1: Agent-Based Financial Markets4
July 11, 2013
9:00-10:40
Port Hardy D2: Monetary Policy and Adaptive Learning4
July 11, 2013
9:00-10:40
Parksville D3: The Great Recession4
July 11, 2013
9:00-10:40
Orca D4: The Distribution of Wealth4
July 11, 2013
9:00-10:40
Finback D5: Monetary Policy I4
July 11, 2013
9:00-10:40
Gulf Islands B/C/D D6: Models with Financial Frictions4
July 11, 2013
9:00-10:40
Beluga D7: Crises and Sovereign Defaults3
July 11, 2013
9:00-10:40
Azure D8: Risk Sharing with Frictions4
July 11, 2013
9:00-10:40
Port McNeill D9: Stochastic Volatility4
July 11, 2013
11:10-12:50
Port Hardy E1: Agent-Based Modeling of Social and Political Economy4
July 11, 2013
11:10-12:50
Port McNeill E2: Adaptive Learning: Theory and Applications4
July 11, 2013
11:10-12:50
Port Alberni E3: Credit, Capital and the Macro Economy4
July 11, 2013
11:10-12:50
Parksville E4: Labor Markets and Firm Dynamics4
July 11, 2013
11:10-12:50
Orca E5: Policy and Expectations4
July 11, 2013
11:10-12:50
Finback E6: Heterogeneity and International Trade4
July 11, 2013
11:10-12:50
Gulf Islands B/C/D E7: Housing Markets I4
July 11, 2013
11:10-12:50
Beluga E8: Topics in Macro4
July 11, 2013
11:10-12:50
Azure E9: Informational Frictions and Decision Making4
July 11, 2013
16:15-17:55
Port Hardy F1: Labor supply4
July 11, 2013
16:15-17:55
Parksville F2: Financial Frictions and Shocks4
July 11, 2013
16:15-17:55
Orca F3: Monetary Policy in Times of Crisis4
July 11, 2013
16:15-17:55
Finback F4: Macroeconomic Theory4
July 11, 2013
16:15-17:55
Port Alberni F5: Money, Credit, and Business Cycles4
July 11, 2013
16:15-17:55
Gulf Islands B/C/D F6: Housing Markets II4
July 11, 2013
16:15-17:55
Port McNeill F7: Computational Methods I4
July 11, 2013
16:15-17:55
Beluga F8: Interbank Loan Markets4
July 12, 2013
9:00-10:40
Port Alberni G1: Macroeconomic agent-based modelling4
July 12, 2013
9:00-10:40
Parksville G2: Nonlinear Models for Sovereign Risk and Exchange Rate Dynamics3
July 12, 2013
9:00-10:40
Beluga G3: Social Policy3
July 12, 2013
9:00-10:40
Port Hardy G4: Monetary Policy II4
July 12, 2013
9:00-10:40
Orca G5: Fiscal Policy II4
July 12, 2013
9:00-10:40
Finback G6: DSGE Modelling and Estimation4
July 12, 2013
9:00-10:40
Gulf Islands B/C/D G7: Macroeconomic Adjustments in Emerging Economies4
July 12, 2013
9:00-10:40
Azure G8: Computational Methods II4
July 12, 2013
9:00-10:40
Port McNeill G9: Growth4
July 12, 2013
11:10-12:50
Port McNeill H1: Macroeconomic Dynamics4
July 12, 2013
11:10-12:50
Port Alberni H2: Sentiment and Heterogeneous Expectations in Asset-pricing Models4
July 12, 2013
11:10-12:50
Parksville H3: Empirical Macro II4
July 12, 2013
11:10-12:50
Port Hardy H4: Regime Switching and Solution Methods4
July 12, 2013
11:10-12:50
Orca H5: Empirical Asset pricing4
July 12, 2013
11:10-12:50
Finback H6: Computational Methods III4
July 12, 2013
11:10-12:50
Gulf Islands B/C/D H7: Fiscal Policy III4
July 12, 2013
11:10-12:50
Beluga H8: Topics In Game Theory3
July 12, 2013
11:10-12:50
Azure H9: Asset Pricing4
July 12, 2013
16:00-17:15
Port Alberni I1: Local Interactions and Market Outcomes3
July 12, 2013
16:00-17:15
Parksville I2: Learning in Agent-Based Modeling3
July 12, 2013
16:00-17:15
Port McNeill I3: Uncertainty and Fiscal Policy3
July 12, 2013
16:00-17:15
Port Hardy I4: Home Production and Labor Supply3
July 12, 2013
16:00-17:15
Orca I5: Computational Methods IV3
July 12, 2013
16:00-17:15
Finback I6: Exchange Rates3
July 10, 2013
14:15-15:45
Junior Ballroom Plenary Session 1 sponsored by CEPREMAP1
July 11, 2013
14:15-15:45
Junior Ballroom Plenary Session 2 sponsored by JEDC1
July 12, 2013
14:15-15:30
Junior Ballroom Plenary Session 3 sponsored by Bank of Canada1
 

78 sessions, 288 papers, and 0 presentations with no associated papers


 

Society for Computational Economics - CEF 2013

Detailed List of Sessions

 
Session: A1: Heterogeneous Expectations
July 10, 2013 9:00 to 10:40
Port McNeill
 
Session Chair: Cars Hommes, University of Amsterdam
 

TIME SERIES MOMENTUM AND MARKET STABILITY
By KAI LI; University of Technology, Sydney
Xue-Zhong He; University of Technology Sydney
   Presented by: KAI LI, University of Technology, Sydney
 

Heterogeneous Expectations and Speculative Behavior in Insurance-linked Securities
By Min Zheng; Central University of Finance and Economics
   Presented by: Min Zheng, Central University of Finance and Economics
 

Heterogeneity in House Prices
By Wilko Bolt; De Nederlandsche Bank N.V.
Maria Demertzis; De Nederlandsche Bank
Cees Diks; University of Amsterdam
Cars Hommes; University of Amsterdam
Marco Leij, van der; University of Amsterdam
   Presented by: Cars Hommes, University of Amsterdam
 
Session: A2: Applied Macro-Labor
July 10, 2013 9:00 to 10:40
Port Hardy
 
Session Chair: Frank Caliendo, Utah State University
 

Financial Cycles and Labor Productivity over the Business Cycle
By Carlos Yepez; University of Manitoba
   Presented by: Carlos Yepez, University of Manitoba
 

An Estimated Small Open Economy Model with Labor Market Frictions
By Jeffrey Sheen; Macquarie University
Ben Wang; Macquarie University
   Presented by: Ben Wang, Macquarie University
 

Time Inconsistency and Retirement Choice
By Frank Caliendo; Utah State University
   Presented by: Frank Caliendo, Utah State University
 
Session: A3: Wage Dynamics and Labor Market Policies
July 10, 2013 9:00 to 10:40
Port Alberni
 
Session Chair: Alexandre Janiak, University of Chile
 

Skill Prices Over the Business Cycle
By Gonzalo Castex; Central Bank of Chile
Evgenia Dechter; University of New South Wales
   Presented by: Gonzalo Castex, Central Bank of Chile
 

Minimum wages strike back: the effects on capital and labor demands in a large-firm framework
By Sofia Bauducco; Central Bank of Chile
Alexandre Janiak; University of Chile
   Presented by: Sofia Bauducco, Central Bank of Chile
 

The Replacement Rate, Unemployment and Wage Setting
By Vesna Corbo; Uppsala University
Andreas Westermark; Sveriges Riksbank
   Presented by: Andreas Westermark, Sveriges Riksbank
 

EPL and capital-labor ratios
By Alexandre Janiak; University of Chile
   Presented by: Alexandre Janiak, University of Chile
 
Session: A4: Zero Lower Bound
July 10, 2013 9:00 to 10:40
Parksville
 
Session Chair: Roberto Billi, Sveriges Riksbank
 

Global Dynamics at the Zero Lower Bound
By William Gavin; Federal Reserve Bank of St. louis
Benjamin Keen; University of Oklahoma
Alexander Richter; Auburn University
Nathaniel Throckmorton; Indiana University Bloomington
   Presented by: William Gavin, Federal Reserve Bank of St. louis
 

Interest-Rate Lower Bound and Parameter Bias in an Estimated DSGE Model
By Yasuo Hirose; Keio University
Atsushi Inoue; North Carolina State University
   Presented by: Yasuo Hirose, Keio University
 

Debt Deleveraging in a Time of Prolonged Stagnation: Fiscal Rules for Peggers in Pain
By Guay Lim; university of melbourne
Paul McNelis; Fordham University
   Presented by: Guay Lim, university of melbourne
 

Nominal GDP Targeting and the Zero Lower Bound: Should We Abandon Inflation Targeting?
By Roberto Billi; Sveriges Riksbank
   Presented by: Roberto Billi, Sveriges Riksbank
 
Session: A5: International Portfolio Choice
July 10, 2013 9:00 to 10:40
Orca
 
Session Chair: Tommaso Trani, Universidad de Navarra
 

Dynamic portfolio choice
By Pablo Winant; London Business School
   Presented by: Pablo Winant, London Business School
 

International Portfolios: A Comparison of Solution Methods
By Katrin Rabitsch; Vienna Univ of Economics and Business
Serhiy Stepanchuk; Magyar Nemzeti Bank
Viktor Tsyrennikov; Cornell
   Presented by: Katrin Rabitsch, Vienna Univ of Economics and Business
 

Evaluating International Financial Integration in a Center-Periphery Economy
By Changhua Yu; University of International Business and Economics
   Presented by: Changhua Yu, University of International Business and Economics
 

Country Portfolios with Heterogeneous Pledgeability
By Tommaso Trani; Universidad de Navarra
   Presented by: Tommaso Trani, Universidad de Navarra
 
Session: A6: Time Series Econometrics
July 10, 2013 9:00 to 10:40
Finback
 
Session Chair: Marian Vavra, National Bank of Slovakia
 

Extended Yule-Walker Estimation of Vector Autoregressive Moving-Average Models with Mixed-Frequency Data
By Peter Zadrozny; Bureau of Labor Statistics
   Presented by: Peter Zadrozny, Bureau of Labor Statistics
 

Markov-Switching Mixed Frequency VAR Models
By Claudia Foroni; Norges Bank
Pierre Guerin; Bank of Canada
Massimiliano Marcellino; European University Institute
   Presented by: Pierre Guerin, Bank of Canada
 

An Information-Theoretic Test for Dependence with an Application to the Temporal Structure of Stock Returns
By Pedro Vitoria; University of Oxford
Galen Sher; University of Oxford
   Presented by: Pedro Vitoria, University of Oxford
 

Testing Non-linearity Using a Modified Q Test
By Marian Vavra; NBS
   Presented by: Marian Vavra, National Bank of Slovakia
 
Session: A7: Empirical Macro I
July 10, 2013 9:00 to 10:40
Gulf Islands B/C/D
 
Session Chair: Michal Andrle, IMF
 

Government Spending, Consumption, and the Extensive Investment Margin
By Vivien Lewis; Catholic University Leuven
Roland Winkler; TU Dortmund University
   Presented by: Roland Winkler, TU Dortmund University
 

Do large recessions reduce output permanently?
By Mehdi Hosseinkouchack; Goethe University Frankfurt
Maik Wolters; Kiel Institute for the World Economy
   Presented by: Maik Wolters, Kiel Institute for the World Economy
 

Moment Matching versus Bayesian Estimation: Backward-Looking Behaviour in a New-Keynesian Baseline Model
By Reiner Franke; University of Kiel
Tae-Seok Jang; Christian-Albrechts-University Kiel
Stephen Sacht; University of Kiel / Kiel Institute for the World Economy
   Presented by: Stephen Sacht, University of Kiel / Kiel Institute for the World Economy
 

System Priors: Formulating Priors about DSGE Models' System Properties
By Michal Andrle; IMF
   Presented by: Michal Andrle, IMF
 
Session: A8: Sovereign Debt and Fiscal Policy
July 10, 2013 9:00 to 10:40
Beluga
 
Session Chair: Alena Audzeyeva, Keele University
 

Macroprudential policy and imbalances in the euro area
By Michał Brzoza-Brzezina; National Bank of Poland
Marcin Kolasa; National Bank of Poland
Krzysztof Makarski; National Bank of Poland
   Presented by: Marcin Kolasa, National Bank of Poland
 

The Transmission of US Financial Stress: Evidence for Emerging Market Economies
By Fabian Fink; University of Konstanz
Yves Stephan Schueler; University of Konstanz
   Presented by: Fabian Fink, University of Konstanz
 

Is there evidence of twin crisis in the Europe? Banking crisis and Sovereign debt crisis
By Fatemeh Mokhtarzadeh; Simon Fraser University
   Presented by: Fatemeh Mokhtarzadeh, Simon Fraser University
 

The price of risk in sovereign Latin American debt: a term-structure perspective
By Alena Audzeyeva; Keele University
   Presented by: Alena Audzeyeva, Keele University
 
Session: B1: Agent-Based Modeling of Industrial Dynamics
July 10, 2013 11:10 to 12:50
Port Alberni
 
Session Chair: Wade Brorsen, Oklahoma State University
 

Industrial Dynamics, Fluctuation and Growth in a Quality-Based, Agent-Based General Equilibrium Model
By Shu-Heng Chen; National Chengchi University
Bin-Tzong Chie; Tamkang University
   Presented by: Shu-Heng Chen, National Chengchi University
 

Price-Quantity Competition with Risk-averse Firms
By Dávid Kopányi; University of Amsterdam
   Presented by: Dávid Kopányi, University of Amsterdam
 

Is the contracting a fair game for agents facing uncertainty ?
By Tzuli Max Lin; Tunghai University
Po-yuan Chen; Jinwen University of Science and Technology
   Presented by: Po-yuan Chen, Jinwen University of Science and Technology
 

Private-Value Auction versus Posted-Price Selling: An Agent-Based Model Approach
By Christopher Boyer; University of Tennessee
Wade Brorsen; Oklahoma State University
James Fain; Oklahoma State University
   Presented by: Wade Brorsen, Oklahoma State University
 
Session: B2: Financial Frictions and Imperfect Knowledge
July 10, 2013 11:10 to 12:50
Port Hardy
 
Session Chair: Tiziana Assenza, Catholic University of Milan
 

Asset Pricing with Heterogeneous Beliefs and Expectation Shocks
By Christopher Elias; University of California Irvine
   Presented by: Christopher Elias, University of California Irvine
 

Federal Reserve Announcements and Investor Beliefs
By Arunima Sinha; Santa Clara University
   Presented by: Arunima Sinha, Santa Clara University
 

Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises
By Tiziana Assenza; Catholic University of Milan
William Brock; University of Wisconsin, Madison
Cars Hommes; University of Amsterdam
   Presented by: Tiziana Assenza, Catholic University of Milan
 

Consistent Expectations and the Behavior of Exchange Rates
By Kevin Lansing; Federal Reserve Bank of San Francisco and Norges Bank
Jun Ma; University of Alabama
   Presented by: Jun Ma, The University of Alabama
 
Session: B3: Term Structure of Interest Rates
July 10, 2013 11:10 to 12:50
Beluga
 
Session Chair: Francisco Palomino, University of Michigan
 

Modeling the Term Structure of Interest Rates in a Dynamic Hierarchical Factor Model
By Arne Halberstadt; Deutsche Bundesbank
Keyvan Dehmamy; Frankfurt University
   Presented by: Arne Halberstadt, Deutsche Bundesbank
 

Monetary Commitment and the Yield Curve
By Alessia Campolmi; CEU & MNB
Stefano Gnocchi; Universitat Autonoma de Barcelona
Francesco Caprioli; Banca d'Italia
   Presented by: Alessia Campolmi, CEU & MNB
 

Risk Premia, Macroeconomic Fundamentals and the Yield Curve at 8:30AM
By Peter Hördahl; Bank for International Settlements
Eli Remolona; Bank for International Settlements
Giorgio Valente; Essex Business School
   Presented by: Peter Hördahl, Bank for International Settlements
 

What do Nominal Rigidities and Monetary Policy tell us about the Real Yield Curve?
By Francisco Palomino; University of Michigan
   Presented by: Francisco Palomino, University of Michigan
 
Session: B4: Unemployment
July 10, 2013 11:10 to 12:50
Parksville
 
Session Chair: Stefania Villa, University of Foggia and K.U. Leuven
 

Unemployment benefits and endogenous Beveridge cycles
By Florian Sniekers; University of Amsterdam
   Presented by: Florian Sniekers, University of Amsterdam
 

The Ins and Outs of Unemployment in the Long Run: Unemployment Flows and the Natural Rate
By Murat Tasci; Federal Reserve Bank of Cleveland
   Presented by: Murat Tasci, Federal Reserve Bank of Cleveland
 

Unemployment Crises
By Nicolas Petrosky-Nadeau; Carnegie Mellon University
Lu Zhang; The Ohio State University
   Presented by: Nicolas Petrosky-Nadeau, Carnegie Mellon University
 

Re-distributive Effects and Labour Market Dynamcs
By Stefania Villa; University of Foggia and K.U. Leuven
Federico Di Pace; University of St Andrews
   Presented by: Stefania Villa, University of Foggia and K.U. Leuven
 
Session: B5: Fiscal Policy I
July 10, 2013 11:10 to 12:50
Orca
 
Session Chair: Laura Jackson, University of North Carolina at Chapel Hill
 

Ramsey Policy with Endogenous Government Spending: the Gains from Taxing Consumption
By Raffaele Rossi; University of Lancaster
Giorgio Motta; Lancaster University
   Presented by: Raffaele Rossi, University of Lancaster
 

Separating the Wheat from the Chaff: A Disaggregate Analysis of the E¤ects of Public Spending in the U.S.
By Michel Normandin; HEC Montreal
   Presented by: Michel Normandin, HEC Montreal
 

Imperfect competition and Optimal Taxation
By Andrea Colciago; University of Milano Bicocca
   Presented by: Andrea Colciago, University of Milano Bicocca
 

Countercyclical Policy and the Speed of Recovery After Recessions
By Neville Francis; University of North Carolina at Chapel Hil
Laura Jackson; University of North Carolina at Chapel Hill
Michael Owyang; Federal Reserve Bank of St Louis
   Presented by: Laura Jackson, University of North Carolina at Chapel Hill
 
Session: B6: Inflation Dynamics
July 10, 2013 11:10 to 12:50
Finback
 
Session Chair: Tetsushi Murao, Kyushu University
 

Noncausality and Inflation Persistence
By Markku Lanne; University of Helsinki
   Presented by: Markku Lanne, University of Helsinki
 

What helps forecast U.S. Inflation?- Mind the Gap!
By Enrique Martinez-Garcia; Federal Reserve Bank of Dallas
Ayse Kabukcuoglu; University of Texas at Austin
   Presented by: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas
 

Forecasting Euro Area Inflation with the Phillips Curve
By Marta Banbura; European Central Bank
Harun Mirza; University of Bonn
   Presented by: Marta Banbura, European Central Bank
 

The Long-run Phillips Curve in the Dual Economy with Incomplete Insurance Markets
By Tetsushi Murao; Kyushu University
   Presented by: Tetsushi Murao, Kyushu University
 
Session: B7: Agent-based Models of Financial Markets
July 10, 2013 11:10 to 12:50
Port McNeill
 
Session Chair: Blake LeBaron, Brandeis University
 

Learning and information dissemination in limit order markets
By Lijian Wei; University of Technology Sydney
Wei Zhang; Tianjin University
Xue-Zhong He; University of Technology Sydney
Yongjie Zhang; Tianjin University
   Presented by: Lijian Wei, University of Technology Sydney
 

Ordersplitting under Individual Evolutionary Learning in a Continuous Double Auction
By Michiel van de Leur; University of Amsterdam (Universität Bielefeld/Universita ca Foscari Venezia)
Mikhail Anufriev; University of Technology, Sydney
   Presented by: Michiel van de Leur, University of Amsterdam (Universität Bielefeld/Universita ca Foscari Venezia)
 

Heterogeneous Agents and Long Horizon Features of Asset Prices
By Blake LeBaron; Brandeis University
   Presented by: Blake LeBaron, Brandeis University
 
Session: B8: International Business Cycles
July 10, 2013 11:10 to 12:50
Gulf Islands B/C/D
 
Session Chair: Drago Bergholt, BI Norwegian Business School
 

The Cost of Adjustment: On Comovement between the Trade Balance and the Terms of Trade
By Alexandre Dmitriev; University of Tasmania
Ivan Roberts; Reserve Bank of Australia
   Presented by: Alexandre Dmitriev, University of Tasmania
 

Investment-Specific Technology Shocks and Recursive Preferences
By Hakon Tretvoll; BI Norwegian Business School
   Presented by: Hakon Tretvoll, BI Norwegian Business School
 

Inter-Firm Trade and Business Cycles Co-Movement in Small Open Economies
By Drago Bergholt; BI Norwegian Business School
Tommy Sveen; BI Norwegian Business School
   Presented by: Drago Bergholt, BI Norwegian Business School
 
Session: B9: Financial Econometrics
July 10, 2013 11:10 to 12:50
Azure
 
Session Chair: Sermin Gungor, Bank of Canada
 

Estimating an Equilibrium Model of Limit Order Markets
By Thomas Ruchti; California Institute of Technology
   Presented by: Thomas Ruchti, California Institute of Technology
 

Intraday Price Discovery in Fragmented Markets: A State Space Approach
By Sait Ozturk; Erasmus University Rotterdam
Michel van der Wel; Erasmus University Rotterdam
Dick van Dijk; Erasmus University Rotterdam
   Presented by: Sait Ozturk, Erasmus University Rotterdam
 

Arbitrage-Free Call Option Surface Construction Using Regression Splines
By Greg Orosi; American University of Sharjah
   Presented by: Greg Orosi, American University of Sharjah
 

Multivariate tests of mean-variance efficiency and spanning with a large number of assets and time-varying covariances
By Sermin Gungor; Bank of Canada
Richard Luger; Georgia State University
   Presented by: Sermin Gungor, Bank of Canada
 
Session: C1: Economic Networks, Their Causes and Consequences: An Agent-Based Approach
July 10, 2013 16:15 to 17:55
Parksville
 
Session Chair: Peter Anselmo, New Mexico Institute of Mining and Tech
 

Network, imitation, and market size
By Chia-Hsuan Yeh; Yuan Ze University
Chun-Yi Yang; George Mason University
   Presented by: Chia-Hsuan Yeh, Yuan Ze University
 

How do social networks contribute to wage inequality? Insights from an agent-based analysis
By Herbert Dawid; University of Bielefeld
Simon Gemkow; Bielefeld University
   Presented by: Herbert Dawid, University of Bielefeld
 

Liquidity Risk Contagion in European Interbank Network
By Iris Lucas; ECE PARIS
Nicolas Schomberg; ECE PARIS
Florent Aurélien Couturier Crouzillac; ECE PARIS
Vadim Turpyn; ECE PARIS
Abdellah Bourhad; ECE PARIS
   Presented by: Iris Lucas, ECE PARIS
 

Network Formation and Community Structure in a Simulated Banking System
By Peter Anselmo; New Mexico Institute of Mining and Tech
   Presented by: Peter Anselmo, New Mexico Institute of Mining and Tech
 
Session: C2: Empirical Macro-Finance
July 10, 2013 16:15 to 17:55
Port Hardy
 
Session Chair: Sung-Jin Cho, Seoul National University
 

Time variation in macro-financial linkages
By Esteban Prieto; University of Tuebingen
Sandra Eickmeier; Deutsche Bundesbank
Massimiliano Marcellino; European University Institute
   Presented by: Sandra Eickmeier, Deutsche Bundesbank
 

Common determinants of corporate surplus and investments in the OECD economies: a balance sheet recession?
By Matteo Alpino; European Central Bank
Giulio Nicoletti; European Central Bank
   Presented by: Giulio Nicoletti, European Central Bank
 

Atypical Behavior of Credit: Evidence from a Monetary VAR
By Elena Afanasyeva; Goethe University Frankfurt
   Presented by: Elena Afanasyeva, Goethe University Frankfurt
 

Pre-Commitment as Self-Control: Evidence from Credit Card Borrowing
By Sung-Jin Cho; Seoul National University
John Rust; Georgetown University
   Presented by: Sung-Jin Cho, Seoul National University
 
Session: C3: Labor Market Frictions and Financial Frictions
July 10, 2013 16:15 to 17:55
Orca
 
Session Chair: Jun Nie, Federal Reserve Bank of Kansas City
 

Labor Market Dynamics With Search Frictions: Impact of Financing Constraints Due to Moral Hazard During Severe Economic Downturns
By Manoj Atolia; Florida State University
John Gibson; Florida State University
Milton Marquis; Florida State University
   Presented by: Manoj Atolia, Florida State University
 

Job Search and the Age-Inequality Profile
By Petra Marotzke; University of Konstanz
   Presented by: Petra Marotzke, University of Konstanz
 

Assessing the empirical relevance of labor frictions to business cycle fluctuations
By Joao Madeira; University of Exeter
   Presented by: Joao Madeira, University of Exeter
 

Education, Human Capital and U.S. Labor Market Dynamics
By Lei Fang; Federal Resereve Bank of Atlanta
Jun Nie; Federal Reserve Bank of Kansas City
   Presented by: Jun Nie, Federal Reserve Bank of Kansas City
 
Session: C4: Financial (In)stability
July 10, 2013 16:15 to 17:55
Finback
 
Session Chair: Michael Owyang, Federal Reserve Bank of St Louis
 

Managing Financial Crises: Lean or Clean?
By Ryo Kato; Bank of Japan
Mitsuru Katagiri; Bank of Japan
Takayuki Tsuruga; Kyoto Unviersity
   Presented by: Ryo Kato, Bank of Japan
 

Margin Regulation and Volatility
By Johannes Brumm; University of Zurich
Michael Grill; Deutsche Bundesbank
Felix Kubler; IBF, University of Zurich and Swiss Finance Institute
Karl Schmedders; University of Zurich
   Presented by: Michael Grill, Deutsche Bundesbank
 

Increasing Financial Stability with Monetary Policy and Redistributive Taxation - An Investigation in an Agent-Based Model with Income Inequality and Debt Constraints
By Thomas Fischer; TU Darmstadt
   Presented by: Thomas Fischer, TU Darmstadt
 

Measuring Financial Stress with a Factor-Augmented Smooth Transition VAR
By Ana Beatriz Galvao; Queen Mary, University of London
Michael Owyang; Federal Reserve Bank of St Louis
   Presented by: Michael Owyang, Federal Reserve Bank of St Louis
 
Session: C5: Financial Crises and Bubbles
July 10, 2013 16:15 to 17:55
Port McNeill
 
Session Chair: Tomasz Makarewicz, University of Amsterdam
 

Early Warning Signals for Critical Transitions in Finance
By Cees Diks; University of Amsterdam
Cars Hommes; University of Amsterdam
Juanxi WANG; University of Amsterdam
   Presented by: Cars Hommes, University of Amsterdam
 

Melting down: Systemic financial instability and the macroeconomy
By Philipp Hartmann; European Central Bank and CEPR
Kirstin Hubrich; European Central Bank
Manfred Kremer; European Central Bank
Robert Tetlow; Federal Reserve Board
   Presented by: Robert Tetlow, Federal Reserve Board
 

Basel III and the Prediction of Financial Crises
By Simon van Norden; HEC Montréal
Marc Wildi; ZHAW
   Presented by: Simon van Norden, HEC Montréal
 

Price Dynamics and Bubble Formation in Learning-to-Forecast and -Optimize Experiments
By Te Bao; University of Amsterdam
Cars Hommes; University of Amsterdam
Tomasz Makarewicz; University of Amsterdam
   Presented by: Tomasz Makarewicz, University of Amsterdam
 
Session: C6: Econometric Methods
July 10, 2013 16:15 to 17:55
Beluga
 
Session Chair: Stefan Klößner, Saarland University
 

Bootstrap Stationarity Test with an Application to Purchasing Power Parity
By Emre Aylar; University of Washington
   Presented by: Emre Aylar, University of Washington
 

Statistical Test Inversion and Numerical Projections with Particle Swarm Optimization
By Zhenjiang Lin; Carleton University
Lynda Khalaf; Carleton University
   Presented by: Zhenjiang Lin, Carleton University
 

Robustness and Computation of Spillover Measures for Financial Asset Returns and Volatilities
By Stefan Klößner; Saarland University
Sven Wagner; Saarland University
   Presented by: Stefan Klößner, Saarland University
 
Session: C7: Environmental Economics
July 10, 2013 16:15 to 17:55
Gulf Islands B/C/D
 
Session Chair: Katsuyuki Shibayama, University of Kent at Canterbury
 

Optimal environmental policy in the presence of multiple equilibria and reversible hysteresis
By Pim Heijnen; University of Groningen
Ben Heijdra; University of Groningen
   Presented by: Ben Heijdra, University of Groningen
 

Obstinate or Optimal? A Macroeconomic Analysis of Climate Policy Incentives
By Stephie Fried; UC San Diego
   Presented by: Stephie Fried, UC San Diego
 

Second-Best Environmental Taxation In Dynamic Models Without Commitment
By Alex Schmitt; Stockholm University
   Presented by: Alex Schmitt, Stockholm University
 

A General Equilibrium Model of Environmental Option Values
By Iain Fraser; university of kent
Katsuyuki Shibayama; University of Kent at Canterbury
   Presented by: Katsuyuki Shibayama, University of Kent at Canterbury
 
Session: C8: Experimental Economics
July 10, 2013 16:15 to 17:55
Port Alberni
 
Session Chair: Momo Deretic, UBC Sauder school of business
 

Experimental Evidence of Bank Runs as Pure Coordination Failures: Do Sunspots matter?
By Jasmina Arifovic; Simon Fraser University
   Presented by: Jasmina Arifovic, Simon Fraser University
 

Expectations Channel of Monetary Policy: Experimental Evidence
By Luba Petersen; Simon Fraser University
   Presented by: Luba Petersen, Simon Fraser University
 

Paying for Express Checkout: Competition and Price-Discrimination in Multi-Server Queuing Systems
By Erik Kimbrough; Simon Fraser University
   Presented by: Erik Kimbrough, Simon Fraser University
 

Correcting for Optimism Bias in Entrepreneurial Prediction Markets- An Experiment
By Momo Deretic; UBC Sauder school of business
   Presented by: Momo Deretic, UBC Sauder school of business
 
Session: D1: Agent-Based Financial Markets
July 11, 2013 9:00 to 10:40
Port Alberni
 
Session Chair: Valentyn Panchenko, UNSW
 

What are the driving forces of market performance, market structure,agents’ intelligence, or both?
By Viktor Manahov; Newcastle University
Robert Hudson; Newcastle University
Mona Soufian; Northumbria University
   Presented by: Viktor Manahov, Newcastle University
 

Overconfidence in Credit Card Markets - An Agent-based Approac
By Dietmar Maringer; WWZ University of Basel
Susan Kriete-Dodds; WWZ University of Basel
   Presented by: Dietmar Maringer, WWZ University of Basel
 

Portfolio Optimization under Market Impact Costs
By Christian Oesch; University of Basel
Dietmar Maringer; WWZ University of Basel
   Presented by: Christian Oesch, University of Basel
 

Asset Price Dynamics with Heterogeneous Beliefs and Local Network Interactions
By Valentyn Panchenko; UNSW
   Presented by: Valentyn Panchenko, UNSW
 
Session: D2: Monetary Policy and Adaptive Learning
July 11, 2013 9:00 to 10:40
Port Hardy
 
Session Chair: George Waters, Illinois State University
 

Informational effects of Monetary Policy
By Giuseppe Ferrero; Bank of Italy
   Presented by: Giuseppe Ferrero, Bank of Italy
 

Commitment and Heterogeneous Expectations
By George Waters; Illinois State University
   Presented by: George Waters, Illinois State University
 

Robust monetary policy under model uncertainty and learning in a Phillips curve framework
By Francesca Rondina; CSIC
   Presented by: Francesca Rondina, CSIC
 

Policy Change and Global Taylor Rules with Adaptive Expectations
By Atanas Christev; Heriot-Watt University
Sergey Slobodyan; CERGE-EI
   Presented by: Atanas Christev, Heriot-Watt University
 
Session: D3: The Great Recession
July 11, 2013 9:00 to 10:40
Parksville
 
Session Chair: William Peterman, Federal Reserve Board of Governors
 

Long-Term Dynamics of Housing Price and Quantity
By Weicheng Lian; Princeton University
   Presented by: Weicheng Lian, Princeton University
 

Kiss Me Deadly: From Finnish Great Depression to Great Recession
By Adam Gulan; Bank of Finland
Markus Haavio; Bank of Finland
Juha Kilponen; Bank of Finland
   Presented by: Juha Kilponen, Bank of Finland
 

Bank Lending Channels During the Great Recession
By Seung Lee; Board of Governors of the Federal Reserve System
Viktors Stebunovs; Board of Governors of the Federal Reserve System
   Presented by: Viktors Stebunovs, Board of Governors of the Federal Reserve System
 

How Well Did Social Security Mitigate the Effects of the Great Recession?
By William Peterman; Federal Reserve Board of Governors
Kamila Sommer; Federal Reserve Board
   Presented by: William Peterman, Federal Reserve Board of Governors
 
Session: D4: The Distribution of Wealth
July 11, 2013 9:00 to 10:40
Orca
 
Session Chair: Jiri Slacalek, European Central Bank
 

Endogenous Growth, the Distribution of Wealth, and Optimal Policy under Incomplete Markets and Idiosyncratic Risk
By Christiane Clemens; Bielefeld University
Maik Heinemann; Potsdam University
   Presented by: Christiane Clemens, Bielefeld University
 

An Overlapping Generations Economy with Religiosity
By Laurent Cellarier; University of Guelph
Michael Batu; University of Guelph
   Presented by: Michael Batu, University of Guelph
 

Instability and Concentration in the Distribution of Wealth
By Ricardo Fernholz; Claremont McKenna College
Robert Fernholz; INTECH
   Presented by: Ricardo Fernholz, Claremont McKenna College
 

Wealth Inequality and the Marginal Propensity to Consume
By Christopher Carroll; The Johns Hopkins University
Jiri Slacalek; European Central Bank
Kiichi Tokuoka; International Monetary Fund
   Presented by: Jiri Slacalek, European Central Bank
 
Session: D5: Monetary Policy I
July 11, 2013 9:00 to 10:40
Finback
 
Session Chair: Andrew Foerster, Federal Reserve Bank of Kansas City
 

Endogenous Monetary Policy Shifts and the Term Structure: Evidence from Japanese Government Bond Yields
By Junko Koeda; University of Tokyo
   Presented by: Junko Koeda, University of Tokyo
 

Large Shocks in Menu Cost Models
By Peter Karadi; European Central Bank
Adam Reiff; European Central Bank
   Presented by: Adam Reiff, European Central Bank
 

How Optimal is US Monetary Policy?
By Xiaoshan Chen; University of Stirling
Tatiana Kirsanova; University of Glasgow
Campbell Leith; University of Glasgow
   Presented by: Xiaoshan Chen, University of Stirling
 

Monetary Policy Regime Switches and Macroeconomic Dynamics
By Andrew Foerster; Federal Reserve Bank of Kansas City
   Presented by: Andrew Foerster, Federal Reserve Bank of Kansas City
 
Session: D6: Models with Financial Frictions
July 11, 2013 9:00 to 10:40
Gulf Islands B/C/D
 
Session Chair: José Dorich, Bank of Canada
 

Liquidity constraints, risk premia, and the macroeconomic effects of liquidity shocks
By Ivan Jaccard; European Central Bank
   Presented by: Ivan Jaccard, European Central Bank
 

Optimal Monetary Policy Rules and House Prices: The Role of Financial Frictions
By Alessandro Notarpietro; Bank of Italy
   Presented by: Alessandro Notarpietro, Bank of Italy
 

Consumption externalities and monetary policy with limited asset market participation
By Marco Airaudo; Drexel University, LeBow Business School
Luca Bossi; University of Pennsylvania
   Presented by: Luca Bossi, University of Pennsylvania
 

Do movements in term premium affect credit risk?
By José Dorich; Bank of Canada
Sami Alpanda; Bank of Canada
   Presented by: José Dorich, Bank of Canada
 
Session: D7: Crises and Sovereign Defaults
July 11, 2013 9:00 to 10:40
Beluga
 
Session Chair: Christopher Gunn, Carleton University
 

Sovereign Defaults and Interest Rate Spread in the Presence of Self Control Problem
By Li Li; University of Toronto
   Presented by: Li Li, University of Toronto
 

Discretionary Monetary and Fiscal Policy with Endogenous Sovereign Default
By Joost Roettger; TU Dortmund University
   Presented by: Joost Roettger, TU Dortmund University
 

Fear of Sovereign Default, Banks, and Expectations-driven Business Cycles
By Christopher Gunn; Carleton University
Alok Johri; McMaster University
   Presented by: Christopher Gunn, Carleton University
 
Session: D8: Risk Sharing with Frictions
July 11, 2013 9:00 to 10:40
Azure
 
Session Chair: Stanimir Morfov, State University - Higher School of Economics
 

Moral Hazard and Lack of Commitment in Dynamic Economies
By Alexander Karaivanov; Simon Fraser University
Fernando Martin; Federal Reserve Bank of St. Louis
   Presented by: Alexander Karaivanov, Simon Fraser University
 

Matching to Share Risk without Commitment
By Johannes Gierlinger; Universitat Autònoma de Barcelona
Sarolta Laczo; Institute for Economic Analysis (IAE-CSIC) and Barcelona GSE
   Presented by: Sarolta Laczo, Institut d'Analisi Economica (IAE-CSIC) and Barcelona GSE
 

On the Optimal Tax Policy in a Model with Uninsurable Idiosyncratic Shocks
By Sebastian Dyrda; University of MInnesota
Marcelo Zouain Pedroni; University of Minnesota
   Presented by: Sebastian Dyrda, University of MInnesota
 

Dynamic Wage Bounds, Myopia, and Limited Commitment
By Stanimir Morfov; State University - Higher School of Economics
   Presented by: Stanimir Morfov, State University - Higher School of Economics
 
Session: D9: Stochastic Volatility
July 11, 2013 9:00 to 10:40
Port McNeill
 
Session Chair: Carl Chiarella, University of Technology Sydney
 

Modelling Volatility Spillover Effects Between Emerging Asian Stock Markets and Developed Stock Markets
By Yanan Li; University of Victoria
David Giles; University of Victoria
   Presented by: Yanan Li, University of Victoria
 

Selection criteria in regime switching conditional volatility models
By Thomas Chuffart; Aix Marseille University
   Presented by: Thomas Chuffart, Aix Marseille University
 

Bootstrapping tests for jumps with an application to test averaging
By Ana-Maria Dumitru; University of Surrey
   Presented by: Ana-Maria Dumitru, University of Surrey
 

Credit Derivatives Pricing with Stochastic Volatility Models
By Carl Chiarella; University of Technology Sydney
Christina Nikitopoulos Sklibosios; University of Technology Sydney
Samuel Maina; E.ON Energy Trading SE
   Presented by: Carl Chiarella, University of Technology Sydney
 
Session: E1: Agent-Based Modeling of Social and Political Economy
July 11, 2013 11:10 to 12:50
Port Hardy
 
Session Chair: Andreas Duus Pape, SUNY Binghamton
 

An Agent based Simulation for Social Exclusion and its Effect on Future Generations
By Masatoshi Murakami; Kyoto University, RISS Kansai University
Noriyuki Tanida; Kansai University
   Presented by: Masatoshi Murakami, Kyoto University, RISS Kansai University
 

Screening Discrimination in a Broader Context
By James Fain; Oklahoma State University
   Presented by: James Fain, Oklahoma State University
 

Who Creates the Housing Bubble? An Agent-Based Study
By JIAQI GE; Iowa State University
   Presented by: JIAQI GE, Iowa State University
 

Empirical Evidence of Voter Support for Property Tax Limits due to Uncertainty: A Tale of Two Cities
By Andreas Duus Pape; SUNY Binghamton
   Presented by: Andreas Duus Pape, SUNY Binghamton
 
Session: E2: Adaptive Learning: Theory and Applications
July 11, 2013 11:10 to 12:50
Port McNeill
 
Session Chair: Christina Steiger, Northeastern University
 

On the initialization of adaptive learning algorithms: A review of methods and a new smoothing-based routine
By Michele Berardi; University of Manchester
Jaqueson Galimberti; The University of Manchester
   Presented by: Jaqueson Galimberti, The University of Manchester
 

Learning About Future Oil Prices
By Sylvain Leduc; Federal Reserve Bank of San Francisco
Kevin Moran; Université Laval
Robert J. Vigfusson; Federal Reserve Board
   Presented by: Kevin Moran, Université Laval
 

Consumer Attitudes and the Epidemiology of Inflation Expectations
By Michael Ehrmann; ECB
Damjan Pfajfar; CentER, EBC, University of Tilburg
Emiliano Santoro; University of Copenhagen
   Presented by: Damjan Pfajfar, CentER, EBC, University of Tilburg
 

Escaping the Poverty Trap: Expectations, Econometric Learning and Human Capital Accumulation
By Christina Steiger; Northeastern University
   Presented by: Christina Steiger, Northeastern University
 
Session: E3: Credit, Capital and the Macro Economy
July 11, 2013 11:10 to 12:50
Port Alberni
 
Session Chair: Tatiana Damjanovic, University of Exeter
 

A frontier measure of US banking competition
By Wilko Bolt; De Nederlandsche Bank N.V.
David Humphrey; Florida State University
   Presented by: Wilko Bolt, De Nederlandsche Bank N.V.
 

Capital Structure Decisions: Insights from Private Firms
By Kim Huynh; Bank of Canada
Teodora Paligorova; Bank of Canada
Robert Petrunia; Lakehead Universtiy
   Presented by: Robert Petrunia, Lakehead Universtiy
 

Credit Spread and Capital Structure in A Margin-based Structural Model
By Xue-Zhong He; University of Technology Sydney
Eva Lütkebohmert; University of Freiburg
Yajun Xiao; University of Technology, Sydney
   Presented by: Yajun Xiao, University of Technology, Sydney
 

Universal banking, competition and risk in a macro model
By Tatiana Damjanovic; University of Exeter
Vladislav Damjanovic; University of Exeter Business School
Charles Nolan; University of Glasgow
   Presented by: Tatiana Damjanovic, University of Exeter
 
Session: E4: Labor Markets and Firm Dynamics
July 11, 2013 11:10 to 12:50
Parksville
 
Session Chair: Lorenza Rossi, University of Pavia
 

Customer Driven Establishment Dynamics and Allocative Efficiency
By Allen Tran; UCLA
   Presented by: Allen Tran, UCLA
 

Firm Entry and Employment Dynamics in the Great Recession
By Michael Siemer; Boston University
   Presented by: Michael Siemer, Boston University
 

Dynamics of Factor Productivity Dispersions
By Christian Bayer; Universitaet Bonn
Ariel Mecikovsky; Bonn Graduate School of Economics
Matthias Meier; Bonn Graduate School of Economics
   Presented by: Matthias Meier, Bonn Graduate School of Economics
 

Firm Entry, Endogenous Markups and the Dynamics of the Labor Share of Income
By Lorenza Rossi; University of Pavia (P.IVA 00462870189)
   Presented by: Lorenza Rossi, University of Pavia
 
Session: E5: Policy and Expectations
July 11, 2013 11:10 to 12:50
Orca
 
Session Chair: Murat Yildizoglu, Université Bordeaux IV
 

Policy announcements in the new Keynesian model with heterogeneous expectations
By Herbert Dawid; University of Bielefeld
Marcin Wolski; University of Amsterdam
   Presented by: Marcin Wolski, University of Amsterdam
 

Economic Policy Uncertainty, Trust and Inflation Expectations
By Klodiana Istrefi; Goethe University Frankfurt
Anamaria Piloiu; Goethe University Frankfurt
   Presented by: Anamaria Piloiu, Goethe University Frankfurt
 

How credible is the Federal Reserve?:A structural estimation of policy re-optimizations
By Davide Debortoli; University of California, San Diego
Aeimit Lakdawala; Michigan State University
   Presented by: Aeimit Lakdawala, Michigan State University
 

How Transparent Should a Central Bank be? an Agent-Based Model Assessment
By Isabelle Salle; Université Bordeaux IV
Marc-Alexandre Senegas; University Bordeaux IV
Murat Yildizoglu; Université Bordeaux IV
   Presented by: Murat Yildizoglu, Université Bordeaux IV
 
Session: E6: Heterogeneity and International Trade
July 11, 2013 11:10 to 12:50
Finback
 
Session Chair: Illenin Kondo, Federal Reserve Board
 

Endogenous Trade Participation with Incomplete Exchange Rate Pass-Through
By Yuko Imura; Bank of Canada
   Presented by: Yuko Imura, Bank of Canada
 

The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions
By Christiane Clemens; Bielefeld University
Maik Heinemann; Potsdam University
   Presented by: Maik Heinemann, Potsdam University
 

Export Market Diversi cation and Productivity Improvements: Theory and Evidence From Argentinean Firms
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
 

Trade Reforms, Foreign Competition, and Labor Market Adjustments in the U.S
By Illenin Kondo; Federal Reserve Board
   Presented by: Illenin Kondo, Federal Reserve Board
 
Session: E7: Housing Markets I
July 11, 2013 11:10 to 12:50
Gulf Islands B/C/D
 
Session Chair: Tao Peng, Southwestern University of Finance and Economics
 

An Equilibrium Analysis of the Rise in House Prices and Mortgage Debt
By Shaofeng Xu; Bank of Canada
   Presented by: Shaofeng Xu, Bank of Canada
 

House Price Dynamics: Fundamentals and Expectations
By Eleonora Granziera; Bank of Canada
   Presented by: Eleonora Granziera, Bank of Canada
 

Loan-to-Value Ratios and Life-Cycle Housing Decisions
By Brant Abbott; University of British Columbia
   Presented by: Brant Abbott, University of British Columbia
 

Housing Demand Shocks, Keeping Up with the Zhangs and Housing Price Dynamics in China
By Raoul Minetti; Michigan State University
Tao Peng; Southwestern University of Finance and Economics
   Presented by: Tao Peng, Southwestern University of Finance and Economics
 
Session: E8: Topics in Macro
July 11, 2013 11:10 to 12:50
Beluga
 
Session Chair: Hilde Bjornland, Norwegian Business School
 

Comparing Solution Methods For Economies with Fixed Costs
By Christoph Gortz; University of Nottingham
Afrasiab Mirza; University of Birmingham
   Presented by: Afrasiab Mirza, University of Birmingham
 

Welfare Cost of Inflation with Collateral Constraints
By Krzysztof Makarski; National Bank of Poland
   Presented by: Krzysztof Makarski, National Bank of Poland
 

Economic Effects of Work-Oriented Welfare Policies in the Presence of Uncertainty on Job Opportunity
By Young Jun Chun; Hanyang University
   Presented by: Young Jun Chun, Hanyang University
 

Do Central Banks respond to exchange rate movements? A Markov-Switching structural investigation
By Ragna Alstadheim; Norges Bank
Hilde Bjornland; Norwegian Business School
Junior Maih; International Monetary Fund
   Presented by: Hilde Bjornland, Norwegian Business School
 
Session: E9: Informational Frictions and Decision Making
July 11, 2013 11:10 to 12:50
Azure
 
Session Chair: Yulei Luo, University of Hong Kong
 

Informational Frictions, Induced Uncertainty, and Aggregate Wealth Accumulation
By Yulei Luo; University of Hong Kong
   Presented by: Yulei Luo, University of Hong Kong
 

Too Much of a Good Thing: Attention Misallocation and Social Welfare in Coordination Games
By Heng Chen; University of Hong Kong
Yulei Luo; University of Hong Kong
GUANGYU PEI; Stockholm University
   Presented by: GUANGYU PEI, Stockholm University
 

An Escape Time Interpretation of Robust Control
By In-Koo Cho; University of Illinois
Kenneth Kasa; Simon Fraser University
   Presented by: In-Koo Cho, University of Illinois
 

Solving nonlinear stochastic optimal control problems using evolutionary heuristic optimization
By Ivan Savin; Friedrich Schiller University Jena and Max Planck Institute of Economics
Dmitri Blueschke; Klagenfurt University
   Presented by: Ivan Savin, Friedrich Schiller University Jena and Max Planck Institute of Economics
 
Session: F1: Labor supply
July 11, 2013 16:15 to 17:55
Port Hardy
 
Session Chair: Michael Reiter, Institute for Advanced Studies
 

Marriage Stability, Taxation and Aggregate Labor Supply in the U.S. vs. Europe
By Serhiy Stepanchuk; Magyar Nemzeti Bank
   Presented by: Serhiy Stepanchuk, Magyar Nemzeti Bank
 

Fixed Costs, Work Schedules and the Elasticity of Labor Supply
By Evgenia Dechter; University of New South Wales
   Presented by: Evgenia Dechter, University of New South Wales
 

The Aggregate Implications of Labor Supply Near Retirement
By Jose Mustre-del-Rio; Federal Reserve Bank of Kansas City
William Peterman; Federal Reserve Board of Governors
   Presented by: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
 

The Surplus of Having a Job
By Michael Reiter; Institute for Advanced Studies
   Presented by: Michael Reiter, Institute for Advanced Studies
 
Session: F2: Financial Frictions and Shocks
July 11, 2013 16:15 to 17:55
Parksville
 
Session Chair: Sergio Salas, Central Bank of Chile
 

Forecasting with DSGE models with financial frictions
By Marcin Kolasa; National Bank of Poland
Michal Rubaszek; National Bank of Poland
   Presented by: Marcin Kolasa, National Bank of Poland
 

Financial frictions and robust monetary policy in the models of New Keynesian framework
By Ekaterina Pirozhkova; Birkbeck College, University of London
   Presented by: Ekaterina Pirozhkova, Birkbeck College, University of London
 

Financial Shocks and the Natural Rate: A role for money in Taylor rules
By John Keating; University of Kansas
Lee Smith; University of Kansas
   Presented by: Lee Smith, University of Kansas
 

Financial Frictions and the Welfare Costs of a Liquidity Crunch
By Sergio Salas; Central Bank of Chile
   Presented by: Sergio Salas, Central Bank of Chile
 
Session: F3: Monetary Policy in Times of Crisis
July 11, 2013 16:15 to 17:55
Orca
 
Session Chair: Malik Shukayev, Bank of Canada
 

Monetary Policy Modelling in Times of Financial Turmoil: The Case of Sveriges Riksbank
By Stefan Laseen; Sveriges Riksbank
   Presented by: Stefan Laseen, Sveriges Riksbank
 

Risks to Price Stability and the Zero Lower Bound: A Real-Time Assessment for the Euro Area
By Günter Coenen; European Central Bank
Anders Warne; European Central Bank
   Presented by: Günter Coenen, European Central Bank
 

The Effects of Quantitative Easing in an Estimated DSGE Model of the US Economy
By Benjamin Niestroj; TU Dortmund University
Andreas Schabert; TU Dortmund University
Roland Winkler; TU Dortmund University
   Presented by: Benjamin Niestroj, TU Dortmund University
 

Interest Rate Policy and Financial Regulation: How to Control Excessive Risk Taking?
By Simona Cociuba; University of Western Ontario
Malik Shukayev; Bank of Canada
Alexander Ueberfeldt; Bank of Canada
   Presented by: Malik Shukayev, Bank of Canada
 
Session: F4: Macroeconomic Theory
July 11, 2013 16:15 to 17:55
Finback
 
Session Chair: Jacek Krawczyk, Victoria University of Wellington
 

Frequency Shifting
By Rhys Bidder; Federal Reserve Bank of San Francisco
   Presented by: Rhys Bidder, Federal Reserve Bank of San Francisco
 

Money Networks in Kiyotaki-Wright Model
By Antonella Ianni; University of Southampton
Timothy Moran; University of Southampton
   Presented by: Timothy Moran, University of Southampton
 

Exploitation of renewable resources with differentiated technologies: An evolutionary analysis
By Fabio Lamantia; University of Calabria
Davide Radi; University of Bergamo
   Presented by: Davide Radi, University of Bergamo
 

Viability theory: an applied mathematics tool for achieving dynamic systems' sustainability
By Jacek Krawczyk; Victoria University of Wellington
   Presented by: Jacek Krawczyk, Victoria University of Wellington
 
Session: F5: Money, Credit, and Business Cycles
July 11, 2013 16:15 to 17:55
Port Alberni
 
Session Chair: Christoph Thoenissen, Victoria University of Wellington
 

Interest Rates and Prices in an Inventory Model of Money with Credit
By Michael Dotsey; Federal Reserve Bank of Philadelphia
pablo guerron-quintana; Federal Reserve Bank of Philadelphia
   Presented by: Michael Dotsey, Federal Reserve Bank of Philadelphia
 

Credit Spread over the Business Cycle
By Paolo Gelain; Norges Bank and Centre for International
Kevin Lansing; Federal Reserve Bank of San Francisco and Norges Bank
Caterina Mendicino; Banco de Portugal
   Presented by: Paolo Gelain, Norges Bank and Centre for International
 

News about Aggregate Demand and the Business Cycle
By Jang-Ting Guo; University of California, Riverside
Anca Ioana Sirbu; West Virginia University
Mark Weder; The University of Adelaide
   Presented by: Jang-Ting Guo, University of California, Riverside
 

News and business cycles in open economies with financial frictions
By Gunes Kamber; Reserve Bank of New Zealand
Konstantinos Theodoridis; Bank of England
Christoph Thoenissen; Victoria University of Wellington
   Presented by: Christoph Thoenissen, Victoria University of Wellington
 
Session: F6: Housing Markets II
July 11, 2013 16:15 to 17:55
Gulf Islands B/C/D
 
Session Chair: Sami Alpanda, Bank of Canada
 

Housing and Macroeconomy: The Role of Credit Channel, Risk, Demand - and Monetary Shocks
By Victor Dorofeenko; Institute for Advanced Studies
Gabriel Lee; University of Regensburg
Kevin Salyer; University of California, Davis
   Presented by: Gabriel Lee, University of Regensburg
 

Clustered Housing Cycles
By Margarita Rubio; University of Nottingham
Ruben Hernandez; Federal Reserve Bank of St. Louis
Michael Owyang; Federal Reserve Bank of St Louis
   Presented by: Margarita Rubio, University of Nottingham
 

Mortgage Amortization and Amplification
By Chiara Forlati; EPFL
Luisa Lambertini; EPFL
   Presented by: Chiara Forlati, EPFL
 

Housing and Fiscal Policy
By Sami Alpanda; Bank of Canada
Sarah Zubairy; Bank of Canada
   Presented by: Sami Alpanda, Bank of Canada
 
Session: F7: Computational Methods I
July 11, 2013 16:15 to 17:55
Port McNeill
 
Session Chair: Gary Anderson, Board of Governors, Federal Reserve
 

Solving linear rational expectation models on a GPU
By Michel Juillard; Banque de France
   Presented by: Michel Juillard, Banque de France
 

A High Performance Implementation of Likelihood Estimators on GPUs
By Michael Creel; Universitat Autònoma de Barcelona
Mohammad Zubair; Old Dominion University
   Presented by: Mohammad Zubair, Old Dominion University
 

ACCURACY, SPEED AND ROBUSTNESS OF POLICY FUNCTION ITERATION
By Alexander Richter; Auburn University
Nathaniel Throckmorton; Indiana University Bloomington
Todd Walker; Indiana University
   Presented by: Nathaniel Throckmorton, Indiana University Bloomington
 

A Perturbation-Based Method for Approximating Dynamic Nonlinear Model Impulse Response Functions and Ergodic Distribution Moments
By Gary Anderson; Board of Governors, Federal Reserve
   Presented by: Gary Anderson, Board of Governors, Federal Reserve
 
Session: F8: Interbank Loan Markets
July 11, 2013 16:15 to 17:55
Beluga
 
Session Chair: Matthias Raddant, Kiel Institute for the World Economy
 

Structure in the Italian Overnight Loan Market
By Matthias Raddant; Kiel Institute for the World Economy
   Presented by: Matthias Raddant, Kiel Institute for the World Economy
 

How to measure the unsecured money market? The Eurosystem’s implementation and validation using TARGET2
By Ronald Heijmans; De Nederlandsche Bank
   Presented by: Ronald Heijmans, De Nederlandsche Bank
 

Centrality Measurment in the Network of the Mexican Large Value Payments System
By Bernardo Bravo-Benitez; Banco de Mexico
Biliana Alexandrova Kabajova; Banco de Mexico
Serafin Martinez-Jaramillo; Banco de Mexico
   Presented by: Biliana Alexandrova Kabajova, Banco de Mexico
 

Does informality limit the effectiveness of Interchange Fees to promote payment card adoption? Results from an agent-based model
By Biliana Alexandrova Kabajova; Banco de Mexico
Sara Castellanos; BBVA Research
Jose Negrin; Banco de Mexico
   Presented by: Biliana Alexandrova Kabajova, Banco de Mexico
 
Session: G1: Macroeconomic agent-based modelling
July 12, 2013 9:00 to 10:40
Port Alberni
 
Session Chair: Mikhail Anufriev, University of Technology, Sydney
 

Emergent Dynamic Behaviour of a Macroeconomic Agent Based Model
By Jakob Grazzini; Catholic University of Milan
   Presented by: Jakob Grazzini, Catholic University of Milan
 

Credit regulation: An Agent-Based Analysis
By Sander van der Hoog; Universitaet Bielefeld
Herbert Dawid; University of Bielefeld
   Presented by: Sander van der Hoog, Universitaet Bielefeld
 

Monetary policy, banking and heterogeneous agents
By Marcin Wolski; University of Amsterdam
   Presented by: Marcin Wolski, University of Amsterdam
 

Selforganisation of individual expectations and emergent macro behavior
By Mikhail Anufriev; University of Technology, Sydney
Cars Hommes; University of Amsterdam
   Presented by: Mikhail Anufriev, University of Technology, Sydney
 
Session: G2: Nonlinear Models for Sovereign Risk and Exchange Rate Dynamics
July 12, 2013 9:00 to 10:40
Parksville
 
Session Chair: Filippo Brutti, University of Zurich
 

The sovereign default puzzle: Modelling issues and lessons for Europe
By Daniel Cohen; Paris School of Economics
Sebastien Villemot; CEPREMAP
   Presented by: Sebastien Villemot, CEPREMAP
 

Exchange Rates in Target Zones – Evidence from the Danish Krone
By Stefan Reitz; University of Kiel
Mark Taylor; University of Warwick
   Presented by: Stefan Reitz, University of Kiel
 

Transmission of Sovereign Risk in the Euro Crisis
By Filippo Brutti; University of Zurich
   Presented by: Filippo Brutti, University of Zurich
 
Session: G3: Social Policy
July 12, 2013 9:00 to 10:40
Beluga
 
Session Chair: Matthias Hertweck, University of Konstanz
 

Pension Funding and Human Capital
By Fabian Kindermann; University of Wuerzburg
   Presented by: Fabian Kindermann, University of Wuerzburg
 

The Macroeconomics of Health Savings Accounts
By Chung Tran; Australian National University
Juergen Jung; Towson University
   Presented by: Chung Tran, Australian National University
 

The Aggregate Effects of the Hartz Reforms in Germany
By Matthias Hertweck; University of Konstanz
Oliver Sigrist; University of Basel
   Presented by: Matthias Hertweck, University of Konstanz
 
Session: G4: Monetary Policy II
July 12, 2013 9:00 to 10:40
Port Hardy
 
Session Chair: Ragna Alstadheim, Norges Bank
 

Would it have paid to be in the eurozone?
By Michał Brzoza-Brzezina; National Bank of Poland
Krzysztof Makarski; National Bank of Poland
   Presented by: Michał Brzoza-Brzezina, National Bank of Poland
 

The Interest Rate Conditioning Assumption: Investigating the Effects of Central Bank Communication in New Zealand
By Ozer Karagedikli; Reserve Bank of New Zealand
Katy Bergstrom; Reserve Bank of New Zealand
   Presented by: Ozer Karagedikli, Reserve Bank of New Zealand
 

Conservatism in Inflation Forecasts
By Monica Jain; Bank of Canada
   Presented by: Monica Jain, Bank of Canada
 

How New Keynesian is the US Phillips Curve?
By Ragna Alstadheim; Norges Bank
   Presented by: Ragna Alstadheim, Norges Bank
 
Session: G5: Fiscal Policy II
July 12, 2013 9:00 to 10:40
Orca
 
Session Chair: Tack Yun, Seoul National University
 

Policy Games, Distributional Con‡flicts and the Optimal In‡flation
By Alice Albonico; University of Pavia
Lorenza Rossi; University of Pavia (P.IVA 00462870189)
   Presented by: Alice Albonico, University of Pavia
 

Indexed versus nominal government debt under inflation and price-level targeting
By Michael Hatcher; University of Glasgow
   Presented by: Michael Hatcher, University of Glasgow
 

The macroeconomics effects of the sovereign debt crisis in the euro area
By Tiziano Ropele; Bank of Italy
Stefano Neri; Bank of Italy
   Presented by: Tiziano Ropele, Bank of Italy
 

Transmission Mechanisms of the Public Debt
By Tack Yun; Seoul National University
   Presented by: Tack Yun, Seoul National University
 
Session: G6: DSGE Modelling and Estimation
July 12, 2013 9:00 to 10:40
Finback
 
Session Chair: Edward Herbst, Federal Reserve Board
 

State dependent pricing and the government spending multiplier
By Luca Dedola; European Central Bank
Anton Nakov; Banco de España
   Presented by: Luca Dedola, European Central Bank
 

Taking measurement error seriously: Implications for modeling and accounting
By Tobias Cwik; Federal Reserve Board
   Presented by: Tobias Cwik, Federal Reserve Board
 

Euro Area and Global Oil Shocks: An Empirical Model-Based Analysis
By Lorenzo Forni; International Monetary Fund
Andrea Gerali; Bank of Italy
Alessandro Notarpietro; Bank of Italy
Massimiliano Pisani; Bank of Italy
   Presented by: Alessandro Notarpietro, Bank of Italy
 

Sequential Monte Carlo Sampling for DSGE Models
By Edward Herbst; Federal Reserve Board
Frank Schorfheide; University of Pennsylvania
   Presented by: Edward Herbst, Federal Reserve Board
 
Session: G7: Macroeconomic Adjustments in Emerging Economies
July 12, 2013 9:00 to 10:40
Gulf Islands B/C/D
 
Session Chair: Serdar Kabaca, Bank of Canada
 

Patterns of Growth in Chinese Cities: Implications of the Land Lease
By Guozhong Zhu; Peking University
   Presented by: Guozhong Zhu, Peking University
 

Growth and Global Imbalances: The Role of Learning-by-Exporting
By Byoung Hoon Seok; Ohio State University
   Presented by: Byoung Hoon Seok, Ohio State University
 

Interest Rate Volatility and Business Cycles in Brazil
By Angelo Fasolo; Central Bank of Brazil
   Presented by: Angelo Fasolo, Central Bank of Brazil
 

Search Frictions, Financial Frictions, and Labor Market Fluctuations in Emerging Markets
By Serdar Kabaca; Bank of Canada
   Presented by: Serdar Kabaca, Bank of Canada
 
Session: G8: Computational Methods II
July 12, 2013 9:00 to 10:40
Azure
 
Session Chair: Richard Evans, Brigham Young University
 

Computing Dynamic Heterogeneous-Agent Economies: Tracking the Distribution
By Grey Gordon; Indiana University
   Presented by: Grey Gordon, Indiana University
 

E Pluribus Unum: Macroeconomic Modelling for Multi-agent Economies
By Domenico Delli Gatti; Università Cattolica
   Presented by: Domenico Delli Gatti, Università Cattolica
 

Applying the Explicit Aggregation Algorithm to Discrete Choice Economies: With an Application to Estimating the Aggregate Technology Shock Process
By Takeki Sunakawa; IMES, Bank of Japan
   Presented by: Takeki Sunakawa, Bank of Japan
 

A Big Data Approach to Optimal Sales Taxation
By Christian Baker; Brigham Young University
Jeremy Bejarano; Brigham Young University
Richard Evans; Brigham Young University
Kenneth Judd; Hoover Institution
Kerk Phillips; Brigham Young University
   Presented by: Richard Evans, Brigham Young University
 
Session: G9: Growth
July 12, 2013 9:00 to 10:40
Port McNeill
 
Session Chair: Tom Holden, University of Surrey
 

Anticipated Consumption and its Impact on Capital Accumulation and Growth: 'Forward-looking' vs. 'Backward-looking' Consumption Reference
By Goncalo Monteiro; SUNY at Buffalo
Stephen Turnovsky; University of Washington
   Presented by: Stephen Turnovsky, University of Washington
 

Human capital accumulation and the macro-economy in an ageing society
By Ben Heijdra; University of Groningen
Laurie Reijnders; University of Groningen
   Presented by: Ben Heijdra, University of Groningen
 

Innovasion diffusion, technological convergence and productivity growth
By Rainer Andergassen; University of Bologna
Franco Nardini; University of Bologna
Massimo Ricottilli; University of Bologna
   Presented by: Massimo Ricottilli, University of Bologna
 

Reconciling near trend-stationary growth with medium-frequency cycles.
By Tom Holden; University of Surrey
   Presented by: Tom Holden, University of Surrey
 
Session: H1: Macroeconomic Dynamics
July 12, 2013 11:10 to 12:50
Port McNeill
 
Session Chair: Sherif Khalifa, California State University, Fullerton
 

Nonlinear consumption dynamics in general equilibrium
By Jamie Hall; University of New South Wales
   Presented by: Jamie Hall, University of New South Wales
 

Investment dynamics with information costs
By Fabio Verona; Bank of Finland
   Presented by: Fabio Verona, Bank of Finland
 

Occasionally Binding Liquidity Constraints and the Volatility of Consumption and Investment
By Maximilian Werner; TU Dortmund and RGS-Econ
   Presented by: Maximilian Werner, TU Dortmund and RGS-Econ
 

Learning By Doing and Unemployment Dynamics
By Sherif Khalifa; California State University, Fullerton
   Presented by: Sherif Khalifa, California State University, Fullerton
 
Session: H2: Sentiment and Heterogeneous Expectations in Asset-pricing Models
July 12, 2013 11:10 to 12:50
Port Alberni
 
Session Chair: Sandrine Jacob Leal, ICN Business School
 

Ratings and Sentiments
By José Jorge; Fundação da Universidade do Porto
   Presented by: José Jorge, Fundação da Universidade do Porto
 

Does Disagreement Matter for the Capital Asset Pricing Model
By Lei Shi; University of Technology, Sydney
   Presented by: Lei Shi, University of Technology, Sydney
 

Asset Pricing under Keeping up with the Joneses and Heterogeneous Beliefs
By Xue-Zhong He; University of Technology Sydney
Lei Shi; University of Technology, Sydney
Min Zheng; Central University of Finance and Economics
   Presented by: Xue-Zhong He, University of Technology Sydney
 

Exploiting the volume clock: an agent-based model of high and low frequency trading
By Sandrine Jacob Leal; ICN Business School
Giorgio Fagiolo; Sant'Anna School of Advanced Studies
mauro napoletano; OFCE
Andrea Roventini; University of Verona
   Presented by: Sandrine Jacob Leal, ICN Business School
 
Session: H3: Empirical Macro II
July 12, 2013 11:10 to 12:50
Parksville
 
Session Chair: Giovanni Caggiano, University of Padua
 

Estimating Dynamic Equilibrium Models using Mixed Frequency Macro and Financial Data
By Bent Jesper Christensen; University of Aarhus
Olaf Posch; Hamburg University
Michel van der Wel; Erasmus University Rotterdam
   Presented by: Olaf Posch, Hamburg University
 

Identication of Financial Factors in Economic Fluctuations
By Francesco Furlanetto; Norges Bank
Francesco Ravazzolo; Norges Bank
Samad Sarferaz; ETH Zurich
   Presented by: Francesco Furlanetto, Norges Bank
 

Shock Variance Estimates in Misspecified DSGE Models
By Dana Galizia; University of British Columbia
   Presented by: Dana Galizia, University of British Columbia
 

Asymmetric Macroeconomic Reactions to Uncertainty Shocks in the U.S.
By Giovanni Caggiano; University of Padua
Efrem Castelnuovo; University of Padova
Nicolas Groshenny; Reserve Bank of New Zealand
   Presented by: Giovanni Caggiano, University of Padua
 
Session: H4: Regime Switching and Solution Methods
July 12, 2013 11:10 to 12:50
Port Hardy
 
Session Chair: Lilia Maliar, Stanford University
 

US Fiscal Regimes and Optimal Monetary Policy
By Konstantinos MAVROMATIS; UNIVERSITY OF AMSTERDAM
   Presented by: Konstantinos MAVROMATIS, UNIVERSITY OF AMSTERDAM
 

Detrerminacy Conditions for Markov Switching Rational Expectations Models
By Jean Barthelemy; Banque de France
Magali Marx; Banque de France
   Presented by: Magali Marx, Banque de France
 

High-frequency real economic activity indicator for Canada
By Gitanjali Kumar; Bank of Canada
   Presented by: Gitanjali Kumar, Bank of Canada
 

Merging Simulation and Projection Approaches to Solve High-Dimensional Problems
By Kenneth Judd; Hoover Institution
Lilia Maliar; Stanford University
Serguei Maliar; Stanford University
   Presented by: Lilia Maliar, Stanford University
 
Session: H5: Empirical Asset pricing
July 12, 2013 11:10 to 12:50
Orca
 
Session Chair: Marco Tucci, Univ. di Siena
 

Common Factors in Commodity Futures Curves
By Michel van der Wel; Erasmus University Rotterdam
Dennis Karstanje; Erasmus University Rotterdam
Dick van Dijk; Erasmus University Rotterdam
   Presented by: Michel van der Wel, Erasmus University Rotterdam
 

Predicting Covariance Matrices with Financial Conditions Indexes
By Anne Opschoor; Erasmus University Rotterdam
Dick van Dijk; Erasmus University Rotterdam
Michel van der Wel; Erasmus University Rotterdam
   Presented by: Anne Opschoor, Erasmus University Rotterdam
 

The Expected Real Return to Equity
By missaka warusawitharana; Board of Governors of the Federal Reserv
   Presented by: Missaka Warusawitharana, Board of Governors of the Federal Reserv
 

Modeling log stock returns: Are parameters stable?
By Gian Piero Cervellera; Universita' di Siena
Marco Tucci; Univ. di Siena
   Presented by: Marco Tucci, Univ. di Siena
 
Session: H6: Computational Methods III
July 12, 2013 11:10 to 12:50
Finback
 
Session Chair: Masaaki Kijima, Tokyo Metropolitan University
 

Equilibrium Existence and Approximation for Incomplete Market Models with Substantial Heterogeneity
By Thomas Mertens; New York University
   Presented by: Thomas Mertens, New York University
 

Solving Incomplete Markets Models by Derivative Aggregation
By Tobias Grasl; Birkbeck College
   Presented by: Tobias Grasl, Birkbeck College
 

Applying Negishi's method to stochastic models with overlapping generations
By Johannes Brumm; University of Zurich
Felix Kubler; IBF, University of Zurich and Swiss Finance Institute
   Presented by: Johannes Brumm, University of Zurich
 

An Extension of the Chaos Expansion Approximation for the Pricing of Exotic Basket Options
By Masaaki Kijima; Tokyo Metropolitan University
   Presented by: Masaaki Kijima, Tokyo Metropolitan University
 
Session: H7: Fiscal Policy III
July 12, 2013 11:10 to 12:50
Gulf Islands B/C/D
 
Session Chair: Dennis Wesselbaum, University of Hamburg
 

Successful Austerity in the United States, Europe and Japan
By Giovanni Callegari; ECB
Nicoletta Batini; International Monetary Fund
Giovanni Melina; International Monetary Fund
   Presented by: Giovanni Callegari, ECB
 

Infrequent Fiscal Stabilization
By Yuting Bai; University of Exeter
Tatiana Kirsanova; University of Glasgow
   Presented by: Tatiana Kirsanova, University of Glasgow
 

An Empirical Analysis of Time-Varying Fiscal Multipliers
By Mark Bognanni; University of Pennsylvania
   Presented by: Mark Bognanni, University of Pennsylvania
 

Procyclical Debt as Automatic Stabilizer
By Dennis Wesselbaum; University of Hamburg
   Presented by: Dennis Wesselbaum, University of Hamburg
 
Session: H8: Topics In Game Theory
July 12, 2013 11:10 to 12:50
Beluga
 
Session Chair: Maxi San Miguel, IFISC (CSIC-UIB)
 

A Coalgebraic Framework for Games in Economics
By Viktor Winschel; University Mannheim
Achim Blumensath; Technische Universität Darmstadt
   Presented by: Viktor Winschel, University Mannheim
 

Social and strategic imitation: the way to consensus
By Jose Ramasco; IFISC (UIB-CSIC)
Maxi San Miguel; IFISC (CSIC-UIB)
Angel Sanchez; University Carlos III of Madrid
daniel vilone; IFISC (CSIC-UIB)
   Presented by: Maxi San Miguel, IFISC (CSIC-UIB)
 

Research Among Copycats: R&D, Spillovers, and Feedback Strategies
By Grega Smrkolj; University of Amsterdam
Florian Wagener; University of Amsterdam
   Presented by: Grega Smrkolj, University of Amsterdam
 
Session: H9: Asset Pricing
July 12, 2013 11:10 to 12:50
Azure
 
Session Chair: Andrea Ajello, Board of Governors of the Federal Reserve System
 

Risk Adjustment Channels in a DSGE Model with Recursive Preferences and Stochastic Volatility
By Hong Lan; Humboldt University Berlin
Alexander Meyer-Gohde; Humboldt University Berlin
   Presented by: Alexander Meyer-Gohde, Humboldt University Berlin
 

Disastrous Disappointments: Asset-Pricing with Disaster Risk and Disappointment Aversion
By Jim Dolmas; Federal Reserve Bank of Dallas
   Presented by: Jim Dolmas, Federal Reserve Bank of Dallas
 

"Overreaction" of Asset Prices in an Economy with Incomplete Markets
By Shiba Suzuki; Meisei University
   Presented by: Shiba Suzuki, Meisei University
 

A DSGE Term Structure Model with Credit Frictions
By Andrea Ajello; Board of Governors of the Federal Reserve System
Hiroatsu Tanaka; Board of Governors of the Federal Reserve System
   Presented by: Andrea Ajello, Board of Governors of the Federal Reserve System
 
Session: I1: Local Interactions and Market Outcomes
July 12, 2013 16:00 to 17:15
Port Alberni
 
Session Chair: Ivan Savin, Friedrich Schiller University Jena and Max Planck Institute of Economics
 

Price-Quantity Setting in Monopolistic Competition
By Tiziana Assenza; Catholic University of Milan
Jakob Grazzini; Catholic University of Milan
Cars Hommes; University of Amsterdam
Domenico Massaro; University of Amsterdam
   Presented by: Jakob Grazzini, Catholic University of Milan
 

Stabilising Merger Waves: An Agent-Based Networked Model of Market Stability
By Camillia Zedan; Institute for Complex Systems Simulation
   Presented by: Camillia Zedan, Institute for Complex Systems Simulation
 

Emergence of Innovation Networks from R&D Cooperation with Endogenous Absorptive Capacity
By Ivan Savin; Friedrich Schiller University Jena and Max Planck Institute of Economics
   Presented by: Ivan Savin, Friedrich Schiller University Jena and Max Planck Institute of Economics
 
Session: I2: Learning in Agent-Based Modeling
July 12, 2013 16:00 to 17:15
Parksville
 
Session Chair: Thomas Riechmann, University of Kaiserslautern
 

Learning General Equilibrium - Simultaneous genetic algorithm learning over both sides of multiple interdependent Cournot oligopoly markets
By Michael Maschek; University of the Fraser Valley
   Presented by: Michael Maschek, University of the Fraser Valley
 

Double-sided learning in a principal-agent environment with moral hazard.
By Andriy Baranskyy; Simon Fraser University
   Presented by: Andriy Baranskyy, Simon Fraser University
 

How good are GAs as models of economic search? — Spatial Price Search
By Thomas Riechmann; University of Kaiserslautern
   Presented by: Thomas Riechmann, University of Kaiserslautern
 
Session: I3: Uncertainty and Fiscal Policy
July 12, 2013 16:00 to 17:15
Port McNeill
 
Session Chair: Paul McNelis, Fordham University
 

Uncertainty and the Fiscal Cliff
By Troy Davig; Federal Reserve Bank of Kansas City
Andrew Foerster; Federal Reserve Bank of Kansas City
   Presented by: Andrew Foerster, Federal Reserve Bank of Kansas City
 

The Consequences of Uncertain Debt Targets
By Alexander Richter; Auburn University
Nathaniel Throckmorton; Indiana University Bloomington
   Presented by: Alexander Richter, Auburn University
 

Fiscal Rules in a Time of Prolonged Crisis: Debt and Deficit Targeting in Japan
By Paul McNelis; Fordham University
   Presented by: Paul McNelis, Fordham University
 
Session: I4: Home Production and Labor Supply
July 12, 2013 16:00 to 17:15
Port Hardy
 
Session Chair: Luca Pensieroso, IRES - Université catholique de Louvain
 

The Impacts of Firms’ Technology Choice on the Gender Differences in Wage and Time Allocation: A Cross-Country Analysis
By Naotaka Eguchi; Daiwa Securities Group
Kohei Nagamachi; The University of Tokyo
Daichi Shirai; The Canon Institute for Global Studies
   Presented by: Daichi Shirai, The Canon Institute for Global Studies
 

Home Production Technology and Time Allocation - Empirics, Theory and Implications
By Guozhong Zhu; Peking University
Lei Fang; Federal Resereve Bank of Atlanta
   Presented by: Guozhong Zhu, Peking University
 

Agriculture to Industry: the End of the Patriarchal Family
By Luca Pensieroso; IRES - Université catholique de Louvain
Alessandro Sommacal; Università degli Studi di Verona
   Presented by: Luca Pensieroso, IRES - Université catholique de Louvain
 
Session: I5: Computational Methods IV
July 12, 2013 16:00 to 17:15
Orca
 
Session Chair: Alexander Meyer-Gohde, Humboldt University Berlin
 

Using Adaptive Sparse Grids to Solve High-Dimensional Dynamic Models
By Johannes Brumm; University of Zurich
Simon Scheidegger; University of Zürich
   Presented by: Simon Scheidegger, University of Zürich
 

How to Solve Dynamic Stochastic Models Computing Expectations Just Once
By Kenneth Judd; Hoover Institution
Lilia Maliar; Stanford University
Serguei Maliar; Stanford University
   Presented by: Serguei Maliar, Stanford University
 

Pruning in Perturbation DSGE Models
By Hong Lan; Humboldt University Berlin
Alexander Meyer-Gohde; Humboldt University Berlin
   Presented by: Alexander Meyer-Gohde, Humboldt University Berlin
 
Session: I6: Exchange Rates
July 12, 2013 16:00 to 17:15
Finback
 
Session Chair: David Goldbaum, University of Technology Sydney
 

Oil Prices, Exchange Rates and Asset Prices
By Daniel Schneider; Goethe University Frankfurt
Marcel Fratzscher
Ine Van Robays; European Central Bank
   Presented by: Daniel Schneider, Goethe University Frankfurt
 

Model uncertainty and the forward premium puzzle
By Edouard Djeutem; Simon Fraser University
   Presented by: Edouard Djeutem, Simon Fraser University
 

An Empirical Examination of Heterogeneity and Switching in Foreign Exchange Markets
By David Goldbaum; University of Technology Sydney
Remco Zwinkels; Erasmus School of Economics
   Presented by: David Goldbaum, University of Technology Sydney
 
Session: Plenary Session 1 sponsored by CEPREMAP
July 10, 2013 14:15 to 15:45
Junior Ballroom
 
 

The Macroeconomics of Volatility
By Jesus Fernandez-Villaverde; University of Pennsylvania
   Presented by: Jesus Fernandez-Villaverde, University of Pennsylvania
 
Session: Plenary Session 2 sponsored by JEDC
July 11, 2013 14:15 to 15:45
Junior Ballroom
 
 

Energy Balance Climate Models and General Equilibrium Optimal Mitigation Policies
By William Brock; University of Wisconsin, Madison
   Presented by: William Brock, University of Wisconsin, Madison
 
Session: Plenary Session 3 sponsored by Bank of Canada
July 12, 2013 14:15 to 15:30
Junior Ballroom
 
 

In Defense of Moderation in Monetary Policy
By John C. Williams; Federal Reserve Bank of San Francisco
   Presented by: John C. Williams, Federal Reserve Bank of San Francisco
 

78 sessions, 288 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Disscussant
#ParticipantRoles in Conference
1Abbott, BrantP41
2Afanasyeva, ElenaP19
3Ajello, AndreaC69, P69
4Albonico, AliceP56
5Alexandrova Kabajova, BilianaP51, P51
6Alpanda, SamiC49, P49
7Alstadheim, RagnaC55, P55
8Anderson, GaryC50, P50
9Andrle, MichalC7, P7
10Anselmo, PeterC18, P18
11Anufriev, MikhailC52, P52
12Arifovic, JasminaP25
13Assenza, TizianaC10, P10
14Atolia, ManojP20
15Audzeyeva, AlenaC8, P8
16Aylar, EmreP23
17Banbura, MartaP14
18Baranskyy, AndriyP71
19Batu, MichaelP29
20Bauducco, SofiaP3
21Bergholt, DragoC16, P16
22Bidder, RhysP47
23Billi, RobertoC4, P4
24Bjornland, HildeC42, P42
25Bognanni, MarkP67
26Bolt, WilkoP37
27Bossi, LucaP31
28Brock, WilliamP77
29Brorsen, WadeC9, P9
30Brumm, JohannesP66
31Brutti, FilippoC53, P53
32Brzoza-Brzezina, MichałP55
33Caggiano, GiovanniC63, P63
34Caliendo, FrankC2, P2
35Callegari, GiovanniP67
36Campolmi, AlessiaP11
37Castex, GonzaloP3
38Chen, Po-yuanP9
39Chen, Shu-HengP9
40Chen, XiaoshanP30
41Chiarella, CarlC34, P34
42Cho, Sung-JinC19, P19
43Cho, In-KooP43
44Christev, AtanasP27
45Chuffart, ThomasP34
46Chun, Young JunP42
47Clemens, ChristianeP29
48Coenen, GünterP46
49Colciago, AndreaP13
50Cwik, TobiasP57
51Damjanovic, TatianaC37, P37
52Dawid, HerbertP18
53Dechter, EvgeniaP44
54Dedola, LucaP57
55Delli Gatti, DomenicoP59
56Deretic, MomoC25, P25
57Djeutem, EdouardP75
58Dmitriev, AlexandreP16
59Dolmas, JimP69
60Dorich, JoséC31, P31
61Dotsey, MichaelP48
62Dumitru, Ana-MariaP34
63Dyrda, SebastianP33
64Eickmeier, SandraP19
65Elias, ChristopherP10
66Evans, RichardC59, P59
67Fain, JamesP35
68Fasolo, AngeloP58
69Fernandez-Villaverde, JesusP76
70Fernholz, RicardoP29
71Ferrero, GiuseppeP27
72Fink, FabianP8
73Fischer, ThomasP21
74Foerster, AndrewC30, P30, P72
75Forlati, ChiaraP49
76Fried, StephieP24
77Furlanetto, FrancescoP63
78Galimberti, JaquesonP36
79Galizia, DanaP63
80Gavin, WilliamP4
81GE, JIAQIP35
82Gelain, PaoloP48
83Goldbaum, DavidC75, P75
84Gordon, GreyP59
85Granziera, EleonoraP41
86Grasl, TobiasP66
87Grazzini, JakobP52, P70
88Grill, MichaelP21
89Guerin, PierreP6
90Gungor, SerminC17, P17
91Gunn, ChristopherC32, P32
92Guo, Jang-TingP48
93Halberstadt, ArneP11
94Hall, JamieP61
95Hatcher, MichaelP56
96Hördahl, PeterP11
97He, Xue-ZhongP62
98Heijdra, BenP24, P60
99Heijmans, RonaldP51
100Heinemann, MaikP40
101Herbst, EdwardC57, P57
102Hertweck, MatthiasC54, P54
103Hirose, YasuoP4
104Holden, TomC60, P60
105Hommes, CarsC1, P1, P22
106Imura, YukoP40
107Jaccard, IvanP31
108Jackson, LauraC13, P13
109Jacob Leal, SandrineC62, P62
110Jain, MonicaP55
111Janiak, AlexandreC3, P3
112Jorge, JoséP62
113Juillard, MichelP50
114Juvenal, LucianaP40
115Kabaca, SerdarC58, P58
116Karagedikli, OzerP55
117Karaivanov, AlexanderP33
118Kato, RyoP21
119Khalifa, SherifC61, P61
120Kijima, MasaakiC66, P66
121Kilponen, JuhaP28
122Kimbrough, ErikP25
123Kindermann, FabianP54
124Kirsanova, TatianaP67
125Klößner, StefanC23, P23
126Koeda, JunkoP30
127Kolasa, MarcinP8, P45
128Kondo, IlleninC40, P40
129Kopányi, DávidP9
130Krawczyk, JacekC47, P47
131Kumar, GitanjaliP64
132Laczo, SaroltaP33
133Lakdawala, AeimitP39
134Lanne, MarkkuP14
135Laseen, StefanP46
136LeBaron, BlakeC15, P15
137Lee, GabrielP49
138Li, LiP32
139LI, KAIP1
140Li, YananP34
141Lian, WeichengP28
142Lim, GuayP4
143Lin, ZhenjiangP23
144Lucas, IrisP18
145Luo, YuleiC43, P43
146Ma, JunP10
147Madeira, JoaoP20
148Makarewicz, TomaszC22, P22
149Makarski, KrzysztofP42
150Maliar, SergueiP74
151Maliar, LiliaC64, P64
152Manahov, ViktorP26
153Maringer, DietmarP26
154Marotzke, PetraP20
155Martinez-Garcia, EnriqueP14
156Marx, MagaliP64
157Maschek, MichaelP71
158MAVROMATIS, KonstantinosP64
159McNelis, PaulC72, P72
160Meier, MatthiasP38
161Mertens, ThomasP66
162Meyer-Gohde, AlexanderP69, C74, P74
163Mirza, AfrasiabP42
164Mokhtarzadeh, FatemehP8
165Moran, KevinP36
166Moran, TimothyP47
167Morfov, StanimirC33, P33
168Murakami, MasatoshiP35
169Murao, TetsushiC14, P14
170Mustre-del-Rio, JoseP44
171Nicoletti, GiulioP19
172Nie, JunC20, P20
173Niestroj, BenjaminP46
174Normandin, MichelP13
175Notarpietro, AlessandroP31, P57
176Oesch, ChristianP26
177Opschoor, AnneP65
178Orosi, GregP17
179Owyang, MichaelC21, P21
180Ozturk, SaitP17
181Palomino, FranciscoC11, P11
182Panchenko, ValentynC26, P26
183Pape, Andreas DuusP35, C35
184PEI, GUANGYUP43
185Peng, TaoC41, P41
186Pensieroso, LucaC73, P73
187Peterman, WilliamC28, P28
188Petersen, LubaP25
189Petrosky-Nadeau, NicolasP12
190Petrunia, RobertP37
191Pfajfar, DamjanP36
192Piloiu, AnamariaP39
193Pirozhkova, EkaterinaP45
194Posch, OlafP63
195Rabitsch, KatrinP5
196Raddant, MatthiasC51, P51
197Radi, DavideP47
198Reiff, AdamP30
199Reiter, MichaelC44, P44
200Reitz, StefanP53
201Richter, AlexanderP72
202Ricottilli, MassimoP60
203Riechmann, ThomasC71, P71
204Roettger, JoostP32
205Rondina, FrancescaP27
206Ropele, TizianoP56
207Rossi, RaffaeleP13
208Rossi, LorenzaC38, P38
209Rubio, MargaritaP49
210Ruchti, ThomasP17
211Sacht, StephenP7
212Salas, SergioC45, P45
213San Miguel, MaxiC68, P68
214Savin, IvanP43, C70, P70
215Scheidegger, SimonP74
216Schmitt, AlexP24
217Schneider, DanielP75
218Seok, Byoung HoonP58
219Shi, LeiP62
220Shibayama, KatsuyukiC24, P24
221Shirai, DaichiP73
222Shukayev, MalikC46, P46
223Siemer, MichaelP38
224Sinha, ArunimaP10
225Slacalek, JiriC29, P29
226Smith, LeeP45
227Smrkolj, GregaP68
228Sniekers, FlorianP12
229Stebunovs, ViktorsP28
230Steiger, ChristinaC36, P36
231Stepanchuk, SerhiyP44
232Sunakawa, TakekiP59
233Suzuki, ShibaP69
234Tasci, MuratP12
235Tetlow, RobertP22
236Thoenissen, ChristophC48, P48
237Throckmorton, NathanielP50
238Tran, ChungP54
239Tran, AllenP38
240Trani, TommasoC5, P5
241Tretvoll, HakonP16
242Tucci, MarcoC65, P65
243Turnovsky, StephenP60
244van de Leur, MichielP15
245van der Hoog, SanderP52
246van der Wel, MichelP65
247van Norden, SimonP22
248Vavra, MarianC6, P6
249Verona, FabioP61
250Villa, StefaniaC12, P12
251Villemot, SebastienP53
252Vitoria, PedroP6
253Wang, BenP2
254Warusawitharana, MissakaP65
255Waters, GeorgeC27, P27
256Wei, LijianP15
257Werner, MaximilianP61
258Wesselbaum, DennisC67, P67
259Westermark, AndreasP3
260Williams, John C.P78
261Winant, PabloP5
262Winkler, RolandP7
263Winschel, ViktorP68
264Wolski, MarcinP39, P52
265Wolters, MaikP7
266Xiao, YajunP37
267Xu, ShaofengP41
268Yeh, Chia-HsuanP18
269Yepez, CarlosP2
270Yildizoglu, MuratC39, P39
271Yu, ChanghuaP5
272Yun, TackC56, P56
273Zadrozny, PeterP6
274Zedan, CamilliaP70
275Zheng, MinP1
276Zhu, GuozhongP58, P73
277Zubair, MohammadP50

 

This program was last updated on 2013-07-10 18:14:1 EDT