The 48th Money, Macro and Finance Research Group Annual Conference

University of Bath, England.

 
September 7, 2016
 
11:30 to 12:40Registration
 
 
12:40 to 12:45Welcome address: Pro-Vice-Chancellor Jonathan Knight
 
 
12:45 to 14:00Keynote talk 1: Learning and Asset Prices; Albert Marcet, Institut d'Analisi Economica CSIC
 
 
14:00 to 14:15Break
 
 
14:15 to 15:45Parallel sessions and Special session 1: Growth
 
 
15:45 to 16:00Break
 
 
16:00 to 17:00Parallel sessions
 
 
17:00 to 18:30Break
 
 
17:00 to 18:30MMF committee meeting, CB3.16
 
 
18:30 to 20:00Bank of England Welcoming Drinks Reception
 
 
 
September 8, 2016
 
09:15 to 10:15Parallel sessions and Special Session 2: Finance
 
 
10:15 to 10:30Break
 
 
10:30 to 11:45Keynote Talk 2: The Public Debt Crisis of the United States; Enrique Mendoza, University of Pennsylvania
 
 
11:45 to 12:00Break
 
 
12:00 to 13:30Parallel sessions and Special Session 3: Fiscal
 
 
13:30 to 14:45Lunch
 
 
14:45 to 16:45Parallel sessions and Special Session 4: Finance
 
 
16:15 to 16:30Break
 
 
16:30 to 17:45MMF Special Lecture: The determination of the money supply: flexibility vs control; Charles Goodhart, London School of Economics
 
 
17:45 to 19:00Free time
 
 
19:00 to 22:00Conference dinner and best paper awards
 
 
 
September 9, 2016
 
09:15 to 10:15Parallel sessions
 
 
10:15 to 10:30Break
 
 
10:30 to 12:00Parallel sessions and Special Session 5: Unconventional Monetary Policy
 
 
12:00 to 12:15Break
 
 
12:15 to 13:30Keynote talk 3: Challenges for Macro Models Used at Central Banks; Frank Smets, European Central Bank
 
 
13:30 to 14:30Lunch and conference end
 
 

 

Program Notes and Index of Sessions

Welcome address: Pro-Vice-Chancellor Jonathan Knight
September 7, 2016 12:40 to 12:45

Keynote talk 1: Learning and Asset Prices; Albert Marcet, Institut d'Analisi Economica CSIC
September 7, 2016 12:45 to 14:00

Parallel sessions and Special session 1: Growth
September 7, 2016 14:15 to 15:45
 
Special session: Economic Growth and Policy, CB1.11
Quantitative easing, CB3.1
Fiscal Policy, CB3.5
Housing Market, CB3.6
Monetary Policy, CB3.9
Macro-Finance Econometrics, CB3.7

Parallel sessions
September 7, 2016 16:00 to 17:00
 
Macroeconomics (SWDTC PhD session), CB3.1
Credit and Financial Markets, CB3.5
Bayesian Micro-Econometrics, CB3.6
Financial Econometrics, CB3.7
Finance (PhD session), CB3.9
International Macroeconomics, CB 3.15

Parallel sessions and Special Session 2: Finance
September 8, 2016 09:15 to 10:15
 
Special session 2: New approaches to the Term Structure:1 Regression Models
Pricing and production, CB 3.1
Macro-Finance (PhD session), CB3.5
Nominal Rigidities (PhD session), CB3.7
Applied Macroeconomics (PhD session), CB3.7
Finance Econometrics, CB 3.9

Keynote Talk 2: The Public Debt Crisis of the United States; Enrique Mendoza, University of Pennsylvania
September 8, 2016 10:30 to 11:45

Parallel sessions and Special Session 3: Fiscal
September 8, 2016 12:00 to 13:30
 
Special Session 3: Fiscal Policy Management and Sustainability, CB 1.11
Time-Varying Models, CB 3.1
Financial Econometrics, CB 3.5
Exchange Rates, CB 3.6
Open Economy Macroeconomics, CB 3.7
Monetary Policy, CB 3.9

Parallel sessions and Special Session 4: Finance
September 8, 2016 14:45 to 16:45
 
Special session 4: New approaches to the term structure: 2; Global and lower bou..., CB 1.11
Labour Market, CB 3.1
Human Capital and Growth, CB 3.5
Macro-Econometrics, CB 3.6
International Monetary Policy, CB 3.7
Money and Liquidity, CB 3.9

MMF Special Lecture: The determination of the money supply: flexibility vs control; Charles Goodhart, London School of Economics
September 8, 2016 16:30 to 17:45

Parallel sessions
September 9, 2016 09:15 to 10:15
 
China Macroeconomics, CB 3.1
Sovereign Risk, CB 3.5
Finance and Econometrics
Labour Market and Unemployment, 3.7
Applied Macroeconomics (PhD session), CB 3.9
Monetary Policy, CB 3.15

Parallel sessions and Special Session 5: Unconventional Monetary Policy
September 9, 2016 10:30 to 12:00
 
Special session: Unconventional Monetary Policy, CB 1.11
International Macroeconomics, CB 3.1
Finance, CB 3.5
Macro-Econometrics, CB 3.6
Monetary Policy Rules, CB 3.7
Finance and Frictions, CB 3.9

Keynote talk 3: Challenges for Macro Models Used at Central Banks; Frank Smets, European Central Bank
September 9, 2016 12:15 to 13:30

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapersOrganizer
1September 7, 2016
14:15-15:45
CB1.11 invited Special session: Economic Growth and Policy4
2September 7, 2016
14:15-15:45
CB3.1 contributed Quantitative easing4
3September 7, 2016
14:15-15:45
CB3.5 contributed Fiscal Policy4
4September 7, 2016
14:15-15:45
CB3.6 contributed Housing Market4
5September 7, 2016
14:15-15:45
CB3.9 contributed Monetary Policy4
6September 7, 2016
14:15-15:45
CB3.7 contributed Macro-Finance Econometrics4
7September 7, 2016
16:00-17:00
CB3.1 contributed Macroeconomics (SWDTC PhD session)3
8September 7, 2016
16:00-17:00
CB3.5 contributed Credit and Financial Markets2
9September 7, 2016
16:00-17:00
CB3.6 contributed Bayesian Micro-Econometrics3
10September 7, 2016
16:00-17:00
CB3.7 contributed Financial Econometrics3
11September 7, 2016
16:00-17:00
CB3.9 contributed Finance (PhD session)3
12September 7, 2016
16:00-17:00
CB 3.15 contributed International Macroeconomics3
13September 8, 2016
9:15-10:15
N/A contributed Special session 2: New approaches to the Term Structure:1 Regression Models0
14September 8, 2016
9:15-10:15
CB 3.1 contributed Pricing and production3
15September 8, 2016
9:15-10:15
CB3.5 contributed Macro-Finance (PhD session)3
16September 8, 2016
9:15-10:15
CB3.7 contributed Nominal Rigidities (PhD session)3
17September 8, 2016
9:15-10:15
CB3.7 contributed Applied Macroeconomics (PhD session)2
18September 8, 2016
9:15-10:15
CB 3.9 contributed Finance Econometrics2
19September 8, 2016
12:00-13:30
CB 1.11 contributed Special Session 3: Fiscal Policy Management and Sustainability0
20September 8, 2016
12:00-13:30
CB 3.1 contributed Time-Varying Models4
21September 8, 2016
12:00-13:30
CB 3.5 invited Financial Econometrics3
22September 8, 2016
12:00-13:30
CB 3.6 contributed Exchange Rates4
23September 8, 2016
12:00-13:30
CB 3.7 contributed Open Economy Macroeconomics4
24September 8, 2016
12:00-13:30
CB 3.9 contributed Monetary Policy4
25September 8, 2016
14:45-16:45
CB 1.11 contributed Special session 4: New approaches to the term structure: 2; Global and lower bound effects0
26September 8, 2016
14:45-16:45
CB 3.1 contributed Labour Market2
27September 8, 2016
14:45-16:45
CB 3.5 contributed Human Capital and Growth4
28September 8, 2016
14:45-16:45
CB 3.6 contributed Macro-Econometrics4
29September 8, 2016
14:45-16:45
CB 3.7 contributed International Monetary Policy4
30September 8, 2016
14:45-16:45
CB 3.9 contributed Money and Liquidity4
31September 9, 2016
9:15-10:15
CB 3.1 contributed China Macroeconomics3
32September 9, 2016
9:15-10:15
CB 3.5 contributed Sovereign Risk3
33September 9, 2016
9:15-10:15
N/A contributed Finance and Econometrics3
34September 9, 2016
9:15-10:15
3.7 contributed Labour Market and Unemployment3
35September 9, 2016
9:15-10:15
CB 3.9 contributed Applied Macroeconomics (PhD session)2
36September 9, 2016
9:15-10:15
CB 3.15 contributed Monetary Policy3
37September 9, 2016
10:30-12:00
CB 1.11 contributed Special session: Unconventional Monetary Policy0
38September 9, 2016
10:30-12:00
CB 3.1 contributed International Macroeconomics3
39September 9, 2016
10:30-12:00
CB 3.5 contributed Finance3
40September 9, 2016
10:30-12:00
CB 3.6 contributed Macro-Econometrics4
41September 9, 2016
10:30-12:00
CB 3.7 contributed Monetary Policy Rules4
42September 9, 2016
10:30-12:00
CB 3.9 contributed Finance and Frictions4
 

42 sessions, 126 papers, and 0 presentations with no associated papers


 

The 48th Money, Macro and Finance Research Group Annual Conference

Detailed List of Sessions

 
Session 1: Special session: Economic Growth and Policy
September 7, 2016 14:15 to 15:45
CB1.11
 
Session Organizer: ,
Session type: invited
 

Balanced Growth Despite Uzawa
   presented by: Thomas Sampson, LSE
 

From Lewis to Ramsey: A Simple Model and Solution Procedure
[slides]
   presented by: Jonathan Temple, University of Bristol
 

The Savings Multiplier
   presented by: Simone Valente, University of East Anglia
 

Growth and Welfare under Endogenous Lifetime
   presented by: Maik Schneider, University of Bath
 
Session 2: Quantitative easing
September 7, 2016 14:15 to 15:45
CB3.1
 
Session Organizer: ,
Session type: contributed
 

The interest rate effects of government bond purchases away from the lower bound updated
   presented by: Rafael De Rezende, Sverige Riksbank
 

US Quantitative Easing and the Global Monetary Policymaking
   presented by: Ratih Puspitasari, University of York
 

Quantitative easing and the liquidity trade-off
   presented by: Marien Ferdinandusse, European Central Bank
 

Does Monetary Policy generate Asset Price Booms and Busts?
   presented by: Christophe Blot, Sciences Po
 
Session 3: Fiscal Policy
September 7, 2016 14:15 to 15:45
CB3.5
 
Session Organizer: ,
Session type: contributed
 

The Burden of Unanticipated Government Spending
   presented by: Burkhard Heer, University of Augsburg
 

Fiscal Policy and the Term Structure of Interest Rates in a DSGE Model
   presented by: Ales Marsal, National Bank of Slovakia
 

Assessing Unconventional Monetary versus Fiscal Policies
   presented by: Yaprak Tavman, Newcastle University
 

Institutions and public investment as a fiscal stimulus
   presented by: Atsuyoshi Morozumi, University of Nottingham
 
Session 4: Housing Market
September 7, 2016 14:15 to 15:45
CB3.6
 
Session Organizer: ,
Session type: contributed
 

Countercyclical Capital Regulation in a Small Open Economy DSGE Model
   presented by: Ansgar Rannenberg, Central Bank of Ireland
 

Residential Land Supply in 27 EU Countries: Pigovian Controls or Nimbyism?
   presented by: Lasse Simonsen, Birkbeck College
 

Endogenous UK Housing Cycles and the Risk Premium: Understanding the Next Housing Crisis
   presented by: Alexander Mihailov, University of Reading
 

Consumption, housing and financial wealth: A panel cointegration analysis with cross-section dependence
   presented by: Iris Meco, Brunel University London
 
Session 5: Monetary Policy
September 7, 2016 14:15 to 15:45
CB3.9
 
Session Organizer: ,
Session type: contributed
 

A comprehensive classification of monetary policy frameworks for ‘advanced’ economies (presentation)
   presented by: David Cobham, Heriot-Watt University
 

Unconventional Monetary Policy and the Interest Rate Channel: Signalling and Portfolio Rebalancing
   presented by: Simon Lloyd, University of Cambridge
 

Counter-inflationary versus Pro-inflationary Taylor Principles
   presented by: Jean-Bernard Chatelain, University Paris I Pantheon Sorbonne
 

Cross-Sectional Risk Premia under Financial Accelerator and Zero Lower Bound
[slides]
   presented by: Huamao Wang, University of Kent
 
Session 6: Macro-Finance Econometrics
September 7, 2016 14:15 to 15:45
CB3.7
 
Session Organizer: ,
Session type: contributed
 

Exploring the Determinants of Credit Risk of General Insurance Firms in the United Kingdom
   presented by: Xuan Zhang, University of Glasgow
 

Monetary Policy on Twitter and its Effect on Asset Prices: Evidence from Computational Text Analysis
   presented by: Peter Tillmann, Justus Liebig University Giessen
 

Robust inflation forecasts using the Phillips Curve
   presented by: James Mitchell, University of Warwick
 

Inferring Structural Ordering: How does the UK economy respond to international shocks?
   presented by: Arnab Bhattacharjee, Heriot-Watt University
 
Session 7: Macroeconomics (SWDTC PhD session)
September 7, 2016 16:00 to 17:00
CB3.1
 
Session Organizer: ,
Session type: contributed
 

Bank Equity and Macroprudential Policy
   presented by: Keqing Liu, University of Exeter
 

Financial Frictions in the Small Open Economy
   presented by: jae hun shim, University of Bath
 

Deflationary Eff ect of Large Energy Price Shocks in a New Keynesian Model
   presented by: Ahmed Pirzada, Bristol University
 
Session 8: Credit and Financial Markets
September 7, 2016 16:00 to 17:00
CB3.5
 
Session Organizer: ,
Session type: contributed
 

Credit, Money and Asset Equilibria with Indivisible Goods
   presented by: Asgerdur Petursdottir, University of Bath
 

Optimal Delegation, Unawareness, and Financial Intermediation
   presented by: Nicola Pavoni, Bocconi University, IGIER
 
Session 9: Bayesian Micro-Econometrics
September 7, 2016 16:00 to 17:00
CB3.6
 
Session Organizer: ,
Session type: contributed
 

Heterogeneity in euro-area monetary policy transmission: results from a large multi-country BVAR model
   presented by: Martin Mandler, Deutsche Bundesbank
 

Robust Bayes Averaging
   presented by: Alessio Volpicella, Queen Mary University
 

The Effects of News Shocks: Reconciling Results from Different Methods
   presented by: Christoph Gortz, University of Birmingham
 
Session 10: Financial Econometrics
September 7, 2016 16:00 to 17:00
CB3.7
 
Session Organizer: ,
Session type: contributed
 

Predictability and the Cross-Section of Expected Returns in Models with Long-Run Risks
   presented by: Julian Thimme, Goethe University Frankfurt
 

Towards a financial cycle for the US, 1973-2014
   presented by: Kristiana Rozite, University of Groningen
 

Trend Growth Shocks and Asset Prices
   presented by: Nam Gang Lee,
 
Session 11: Finance (PhD session)
September 7, 2016 16:00 to 17:00
CB3.9
 
Session Organizer: ,
Session type: contributed
 

Financial asset price relationships in the presence of Quantitative Easing Evidence for the transmission channels of Quantitative Easing using a multivariate VAR model
   presented by: William Berry, Newcastle University
 

Systemic Risk, Interbank Market Contagion, and the Lender of Last Resort Function
   presented by: Marcin Michalski, The University of Manchester
 

New univariate and multivariate tests of the S&P 500 comovement effect
   presented by: Yixin Liao, University of Essex
 
Session 12: International Macroeconomics
September 7, 2016 16:00 to 17:00
CB 3.15
 
Session Organizer: ,
Session type: contributed
 

What drives the short-run costs of fiscal consolidation? Evidence from OECD countries
   presented by: Ryan Banerjee, Bank for International Settlements
 

Core-Periphery in the Europaan Monetary Union: A New Simple Theory-Driven Metrics
   presented by: Corrado Macchiarelli, London School of Economics and Political Science
 

Commodity prices and labour market dynamics in small open economies
   presented by: Christoph Thoenissen, University of Sheffield
 
Session 13: Special session 2: New approaches to the Term Structure:1 Regression Models
September 8, 2016 9:15 to 10:15
 
Session Organizer: ,
Session type: contributed
 
Session 14: Pricing and production
September 8, 2016 9:15 to 10:15
CB 3.1
 
Session Organizer: ,
Session type: contributed
 

Isoelastic Elasticity of Substitution Production Functions
   presented by: Jakub Mućk, Narodowy Bank Polski & Warsaw School of Economics
 

Frequency, Hazard Function, and Distribution Across Firms
   presented by: Kun Tian, Xiangtan University
 

Dominant Sectors in the US: A Factor Model Analysis of Sectoral Industrial Production
   presented by: Soroosh Soofi Siavash, Goethe University Frankfurt
 
Session 15: Macro-Finance (PhD session)
September 8, 2016 9:15 to 10:15
CB3.5
 
Session Organizer: ,
Session type: contributed
 

Sovereign Credit Ratings under Fiscal Uncertainty
   presented by: Arno Hantzsche, University of Nottingham
 

Consumption volatility risk and the inversion of the yield curve
   presented by: Adriana Grasso, LUISS Guido Carli
 

Time-Varying Risk Price and Currency Carry Trades
   presented by: Ryuta Sakemoto, Heriot-Watt University
 
Session 16: Nominal Rigidities (PhD session)
September 8, 2016 9:15 to 10:15
CB3.7
 
Session Organizer: ,
Session type: contributed
 

Asset Pricing in a New Keynesian Model with Nominal Price and Wage Rigidities
   presented by: Rahul Nath, University of Oxford
 

Does heterogeneity in price stickiness matter?
   presented by: MOHAMED DIABY, University of Nottingham
 

Price Dispersion, the Lucas Critique and New Keynesian Economics
[slides]
   presented by: David Staines, Cardiff University
 
Session 17: Applied Macroeconomics (PhD session)
September 8, 2016 9:15 to 10:15
CB3.7
 
Session Organizer: ,
Session type: contributed
 

Asymmetric Macro - Financial Linkages: How useful is the financial sector for the economy?
   presented by: Kristina Bluwstein, EUI
 

New Real-Time Evidence of the U.S. External Variables
   presented by: Hande Kamu, Birkbeck College, University of London
 
Session 18: Finance Econometrics
September 8, 2016 9:15 to 10:15
CB 3.9
 
Session Organizer: ,
Session type: contributed
 

Is financial inclusion good for bank stability? International evidence
   presented by: Sushanta Mallick, Queen Mary University of London
 

Sequencing, Perfect Withdrawal Rates and Trend Following Investing Strategies: Making the Known Unknown Less Unknown
   presented by: Peter Smith, University of York
 
Session 19: Special Session 3: Fiscal Policy Management and Sustainability
September 8, 2016 12:00 to 13:30
CB 1.11
 
Session Organizer: ,
Session type: contributed
 
Session 20: Time-Varying Models
September 8, 2016 12:00 to 13:30
CB 3.1
 
Session Organizer: ,
Session type: contributed
 

Modelling the Time-Variation in Euro Area Lending Spreads
   presented by: Michael Funke, University of Hamburg
 

Macroeconomic and Financial Effects of Oil Price Shocks: Evidence for the Euro Area
   presented by: Claudio Morana, Università di Milano Bicocca
 

Liquidity Shocks and the Real Economy: Evidence from a Time-varying Bayesian Perspective
[slides]
   presented by: Costas Milas, University of Liverpool
 

Why Fiscal Regimes Matter for Fiscal Sustainability Analysis: An Application to France
   presented by: Jerome Creel, OFCE
 
Session 21: Financial Econometrics
September 8, 2016 12:00 to 13:30
CB 3.5
 
Session Organizer: ,
Session type: invited
 

The Implied Spot Price and Convenience Yield From WTI Crude Oil Options
   presented by: Zhe Zong, University of Glasgow
 

Durable Goods, Macroeconomic Variances, and the Predictability of Stock Returns
   presented by: Michael Semenischev, University of Muenster
 

Are Low-Frequency Macroeconomic Risks Priced in Asset Prices ? A Critical Appraisal of Epstein-Zin Preferences
   presented by: Georgios Xyngis, University of East Anglia
 
Session 22: Exchange Rates
September 8, 2016 12:00 to 13:30
CB 3.6
 
Session Organizer: ,
Session type: contributed
 

What can Big Data tell us about the passthrough of big exchange rate changes?
   presented by: John Lewis, Bank of England
 

Carry Trade and Turbulence in the Foreign Exchange Market in Colombia
   presented by: fredy gamboa, banrep
 

External shocks, trade margins and macroeconomic dynamics
[slides]
   presented by: Lilia Cavallari, University of Rome III
 

A Taylor Rule Exchange Rate Approach to Non-Linear Forecasting
   presented by: Bruce Morley, University of Bath
 
Session 23: Open Economy Macroeconomics
September 8, 2016 12:00 to 13:30
CB 3.7
 
Session Organizer: ,
Session type: contributed
 

Labor Market Fluctuations in Developing Countries
   presented by: Sevgi Coskun, University of Kent
 

Currency risk premia and the monetary policy stance
   presented by: Ferdinand Dreher, University of Groningen
 

International Spillovers of Monetary Policy to Asset Prices
   presented by: Hsuan Fu, Imperial College Business School
 

Currency Mismatch, Capital Flows and International Effects of Quantitative Easing
   presented by: YONGDAE LEE, Durham University
 
Session 24: Monetary Policy
September 8, 2016 12:00 to 13:30
CB 3.9
 
Session Organizer: ,
Session type: contributed
 

Central Banks’ Predictability: An Assessment by Financial Market Participants
   presented by: Bernd Hayo, Philipps-University Marburg
 

Infl‡ation expectations and monetary policy in Europe
   presented by: Elena Andreou, University of Cyprus
 

Optimal Monetary Policy and Labor Mobility
   presented by: Alessandro Cantelmo, City University London
 

Deflation Probability and the Scope for Monetary Loosening in the UK
   presented by: Kate Reinold, Bank of England
 
Session 25: Special session 4: New approaches to the term structure: 2; Global and lower bound effects
September 8, 2016 14:45 to 16:45
CB 1.11
 
Session Organizer: ,
Session type: contributed
 
Session 26: Labour Market
September 8, 2016 14:45 to 16:45
CB 3.1
 
Session Organizer: ,
Session type: contributed
 

Labour Market Frictions, Monetary Policy and Durable Goods
   presented by: Federico Di Pace, University of St Andrews
 

Search Frictions, Efficiency Wages and Unemployment Fluctuations
   presented by: Bingsong Wang, University of Bath
 
Session 27: Human Capital and Growth
September 8, 2016 14:45 to 16:45
CB 3.5
 
Session Organizer: ,
Session type: contributed
 

On the Industry Specificity of Human Capital and Business Cycles
   presented by: Vahagn Jerbashian, University of Barcelona and CERGE-EI (Prague)
 

Regional Business Cycle and Growth Features of Japan
   presented by: Masaru Inaba, Kansai University
 

Hyperbolic discounting and growth: On the resolution of time inconsistency under continuous time
   presented by: Christopher Tsoukis, Keele University
 

Velocity in the Long Run: Money and Structural Transformation
   presented by: Antonio Mele, University of Surrey
 
Session 28: Macro-Econometrics
September 8, 2016 14:45 to 16:45
CB 3.6
 
Session Organizer: ,
Session type: contributed
 

Determinants of pricing in the UK mortgage market prior to the Global Financial Crisis
   presented by: Matthew Willison, Bank of England
 

Regime Change and the "Great Recession": The Impact of Financial Stress in the UK 1992-2013
   presented by: Christopher Martin, University of Bath
 

Structural Factor Analysis of Interest Rate Pass Through in Four Large Euro Area Economies
   presented by: Paul Mizen, University of Nottingham
 

A New Keynesian Behavioural Model with Internal Rationality and Heterogeneous Agents
   presented by: Paul Levine, University of Surrey
 
Session 29: International Monetary Policy
September 8, 2016 14:45 to 16:45
CB 3.7
 
Session Organizer: ,
Session type: contributed
 

Monetary News Shocks
   presented by: NADAV BEN ZEEV, Ben-Gurion University
 

ECB's Reaction to Credibility Issues: Evidence from a New Media Index
   presented by: Hamza Bennani,
 

Central Bank Sentiment and Policy Expectations
   presented by: Paul Hubert, OFCE - Sciences Po
 

Necessity as the mother of invention: Monetary policy after the crisis.
   presented by: David-Jan Jansen, DNB
 
Session 30: Money and Liquidity
September 8, 2016 14:45 to 16:45
CB 3.9
 
Session Organizer: ,
Session type: contributed
 

For They Know Not What They Do: Monetary Policy During the Great Moderation
   presented by: Makram El-Shagi, Henan University, Kaifeng
 

Banks and the creation of liquidity
   presented by: Luis Angeles, University of Glasgow
 

Risk Management and Money Multiplier
[slides]
   presented by: Vladislav Damjanovic, Durham University
 

A New Interpretation of Money Growth Targeting and the Monetarist Experiment
   presented by: John Keating, University of Kansas
 
Session 31: China Macroeconomics
September 9, 2016 9:15 to 10:15
CB 3.1
 
Session Organizer: ,
Session type: contributed
 

Is China’s Housing Price Rational?
   presented by: Olivia Chen,
 

How Effective is Central Bank Communication in Emerging Economies An Empirical Analysis of the Chinese Mon
   presented by: SHIWEI SU, Loughborough University
 

A Reassessment of the Relationship Between Income Inequality and Economic Growth: New Empirical Evidence from China
   presented by: Wencong Chen, University of Bath
 
Session 32: Sovereign Risk
September 9, 2016 9:15 to 10:15
CB 3.5
 
Session Organizer: ,
Session type: contributed
 

The government spending multiplier, uncertainty and sovereign risk
   presented by: Felix Strobel, Humboldt-Universität zu Berlin
 

Sovereign Stress, Banking Stress, and Corporate Financing Costs in the Euro Area
   presented by: Jan-Christopher Scherer, Halle Institute for Economic Research
 

Unsolicited Sovereign Ratings
   presented by: Anna Gibert Rivas, German Institute for Economic Research (DIW Berlin)
 
Session 33: Finance and Econometrics
September 9, 2016 9:15 to 10:15
 
Session Organizer: ,
Session type: contributed
 

The Long and The Short of Corporate Debt Maturity: Optimal Term Structure with Multiple Creditors
   presented by: Matthew Darst, Board of Governors of the Federal Reserve
 

Uncertainty Shocks, Bank Lending Rates, and Corporate Bond Yields
   presented by: Christian Grimme, Ifo Institute, University of Munich
 

Corporate Debt Financing and Business Cycles
   presented by: Jelena Zivanovic, Humboldt-Universität zu Berlin
 
Session 34: Labour Market and Unemployment
September 9, 2016 9:15 to 10:15
3.7
 
Session Organizer: ,
Session type: contributed
 

Unemployment Insurance with Limited Commitment Wage Contracts and Savings
   presented by: Rigas Oikonomou, Universite Catholique de Louvain
 

Job Search and Unemployment Insurance Fraud
   presented by: Iain Long, Cardiff University
 

Unemployment insurance, human capital and financial markets
   presented by: Antonio Mele, University of Surrey
 
Session 35: Applied Macroeconomics (PhD session)
September 9, 2016 9:15 to 10:15
CB 3.9
 
Session Organizer: ,
Session type: contributed
 

Capital Flows and Financial Fragility in Emerging Asian Economies: A DSGE Approach
   presented by: Nur Purwanto, University of Nottingham
 

DSGE models and predictability in the real economy
   presented by: Rory Macqueen, Birkbeck, University of London
 
Session 36: Monetary Policy
September 9, 2016 9:15 to 10:15
CB 3.15
 
Session Organizer: ,
Session type: contributed
 

Foreign Interest Rate Shocks and Exchange Rate Regimes of Small Open Economies_updated
   presented by: Chuyi Yang, Nanyang Technological University
 

Macro-Prudential Policy under Moral Hazard and Financial Fragility
   presented by: Oscar Valencia A, Central Bank of Colombia
 

A note on news about the future: the impact on DSGE models and their VAR representation
   presented by: Vo Phuong Mai Le, Cardiff University
 
Session 37: Special session: Unconventional Monetary Policy
September 9, 2016 10:30 to 12:00
CB 1.11
 
Session Organizer: ,
Session type: contributed
 
Session 38: International Macroeconomics
September 9, 2016 10:30 to 12:00
CB 3.1
 
Session Organizer: ,
Session type: contributed
 

The Effectiveness of Monetary Policy in Small Open Economies: An Empirical Investigation
   presented by: Keyra Primus, International Monetary Fund
 

International Business Cycle and Financial Intermediation
   presented by: Ruthira Naraidoo, University of Pretoria
 

Could a rise in household savings boost output growth in the euro area?
   presented by: Florence Huart, University Lille 1
 
Session 39: Finance
September 9, 2016 10:30 to 12:00
CB 3.5
 
Session Organizer: ,
Session type: contributed
 

Informed trading in business groups, ownership concentration, and market liqudity
   presented by: Alvaro Pedraza, World Bank
 

A topology of world equity markets, 1960-2015
   presented by: Bastidon Cecile, Université de Toulon
 

Banker’s Pay: some insights from option theory.
   presented by: Brian Byrne, Dublin Institute of Technology
 
Session 40: Macro-Econometrics
September 9, 2016 10:30 to 12:00
CB 3.6
 
Session Organizer: ,
Session type: contributed
 

Barriers to price convergence
[slides]
   presented by: Marios Zachariadis, University of Cyprus
 

Haven on Earth? Dynamic connections between gold and stock markets in turbulent times
   presented by: Juha Junttila, University of Jyväskylä
 

How do Macroeconomic Shocks affect Expectations? Lessons from Survey Data
   presented by: Martin Geiger, University of Innsbruck
 

Bank lending to non-financial corporations and the real economy: a wavelet analysis
   presented by: Michael Scharnagl, Deutsche Bundesbank
 
Session 41: Monetary Policy Rules
September 9, 2016 10:30 to 12:00
CB 3.7
 
Session Organizer: ,
Session type: contributed
 

Wicksellian rules and the Taylor principle: some practical implications
   presented by: Rodrigo Caputo, Banco Central de Chile
 

Interest Rate Rules and Inflation Risks in a Macro-Finance Model
   presented by: Lorant Kaszab, Central Bank of Hungary
 

Optimal Monetary Policy and Labor Mobility
   presented by: Alessandro Cantelmo, City University London
 

Cost Channel, Interest Rate Pass-Through and Optimal Monetary Policy under Zero Lower Bound
   presented by: Siddhartha Chattopadhyay, Vinod Gupta School of Management
 
Session 42: Finance and Frictions
September 9, 2016 10:30 to 12:00
CB 3.9
 
Session Organizer: ,
Session type: contributed
 

Financial Intermediation, Resource Allocation, and Macroeconomic Interdependence
   presented by: Galip Ozhan, University of Washington
 

Uncertainty, Financial Frictions and Corporate Marginal Propensity to Invest
   presented by: Delong Li, Johns Hopkins University
 

Wealth Dynamics and Asset Prices with Recursive Preferences and Heterogeneous Beliefs
   presented by: Joerg Rieger, University of Heidelberg
 

Trade Credit, Financing Structure and Growth
   presented by: Junjie Xia, University of Southern California
 

42 sessions, 126 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Andreou, ElenaP24
2Angeles, LuisP30
3Banerjee, RyanP12
4BEN ZEEV, NADAVP29
5Bennani, HamzaP29
6Berry, WilliamP11
7Bhattacharjee, ArnabP6
8Blot, ChristopheP2
9Bluwstein, KristinaP17
10Byrne, BrianP39
11Cantelmo, AlessandroP24, P41
12Caputo, RodrigoP41
13Cavallari, LiliaP22
14Cecile, BastidonP39
15Chatelain, Jean-BernardP5
16Chattopadhyay, SiddharthaP41
17Chen, OliviaP31
18Chen, WencongP31
19Cobham, DavidP5
20Coskun, SevgiP23
21Creel, JeromeP20
22Damjanovic, VladislavP30
23Darst, MatthewP33
24De Rezende, RafaelP2
25Di Pace, FedericoP26
26DIABY, MOHAMEDP16
27Dreher, FerdinandP23
28El-Shagi, MakramP30
29Ferdinandusse, MarienP2
30Fu, HsuanP23
31Funke, MichaelP20
32gamboa, fredyP22
33Geiger, MartinP40
34Gibert Rivas, AnnaP32
35Gortz, ChristophP9
36Grasso, AdrianaP15
37Grimme, ChristianP33
38Hantzsche, ArnoP15
39Hayo, BerndP24
40Heer, BurkhardP3
41Huart, FlorenceP38
42Hubert, PaulP29
43Inaba, MasaruP27
44Jansen, David-JanP29
45Jerbashian, VahagnP27
46Junttila, JuhaP40
47Kamu, HandeP17
48Kaszab, LorantP41
49Keating, JohnP30
50Le, Vo Phuong MaiP36
51Lee, Nam GangP10
52LEE, YONGDAEP23
53Levine, PaulP28
54Lewis, JohnP22
55Li, DelongP42
56Liao, YixinP11
57Liu, KeqingP7
58Lloyd, SimonP5
59Long, IainP34
60Macchiarelli, CorradoP12
61Macqueen, RoryP35
62Mallick, SushantaP18
63Mandler, MartinP9
64Marsal, AlesP3
65Martin, ChristopherP28
66Meco, IrisP4
67Mele, AntonioP27, P34
68Michalski, MarcinP11
69Mihailov, AlexanderP4
70Milas, CostasP20
71Mitchell, JamesP6
72Mizen, PaulP28
73Morana, ClaudioP20
74Morley, BruceP22
75Morozumi, AtsuyoshiP3
76Mućk, JakubP14
77Naraidoo, RuthiraP38
78Nath, RahulP16
79Oikonomou, RigasP34
80Ozhan, GalipP42
81Pavoni, NicolaP8
82Pedraza, AlvaroP39
83Petursdottir, AsgerdurP8
84Pirzada, AhmedP7
85Primus, KeyraP38
86Purwanto, NurP35
87Puspitasari, RatihP2
88Rannenberg, AnsgarP4
89Reinold, KateP24
90Rieger, JoergP42
91Rozite, KristianaP10
92Sakemoto, RyutaP15
93Sampson, ThomasP1
94Scharnagl, MichaelP40
95Scherer, Jan-ChristopherP32
96Schneider, MaikP1
97Semenischev, MichaelP21
98shim, jae hunP7
99Simonsen, LasseP4
100Smith, PeterP18
101Soofi Siavash, SorooshP14
102Staines, DavidP16
103Strobel, FelixP32
104SU, SHIWEIP31
105Tavman, YaprakP3
106Temple, JonathanP1
107Thimme, JulianP10
108Thoenissen, ChristophP12
109Tian, KunP14
110Tillmann, PeterP6
111Tsoukis, ChristopherP27
112Valencia A, OscarP36
113Valente, SimoneP1
114Volpicella, AlessioP9
115Wang, HuamaoP5
116Wang, BingsongP26
117Willison, MatthewP28
118Xia, JunjieP42
119Xyngis, GeorgiosP21
120Yang, ChuyiP36
121Zachariadis, MariosP40
122Zhang, XuanP6
123Zivanovic, JelenaP33
124Zong, ZheP21

 

This program was last updated on 2016-10-19 07:31:36 EDT