Summary of All Sessions
Click here for an index of all participants

Date/Time	Location	Type	Title	Papers
July 26, 2017 9:00-11:00	6th Floor / Dining Room 2	contributed	A-1: Macroeconomics and Finance	4
July 26, 2017 9:00-11:00	6th Floor / Dining Room 3	invited	A-2: Trade and Global Value Chains	4
July 26, 2017 9:00-11:00	6th Floor / Dining Room 4	invited	A-3: Essays in Financial and Monetary Econometrics	4
July 26, 2017 9:00-11:00	6th Floor / Dining Room 5	invited	A-4: New Developments in the Empirical Research on Intangibles	4
July 26, 2017 9:00-11:00	6th Floor / Dining Room 6	invited	A-5: Now-Casting, Near-term Forecasting and Early Estimation of Quarterly GDP	4
July 26, 2017 9:00-11:00	7th Floor / Salon MIT	invited	A-6: Inequality	4
July 26, 2017 9:00-11:00	7th Floor / Salon West	contributed	A-7: Expectations and Learning in Macroeconomics	4
July 26, 2017 11:30-12:30	7th Floor / Salon MIT	invited	Plenary I: "Using Massive Online Choice Experiments to Measure Changes in Well-Being," with Erik Brynjolfsson, Director of the MIT Initiative on the Digital Economy	0
July 26, 2017 14:00-15:30	7th Floor / Salon MIT	invited	Plenary II: "Money and Monetary Policy: Measurement Matters," with Peter Ireland, Boston College and Shadow Open Market Committee	0
July 26, 2017 16:00-18:00	6th Floor / Dining Room 2	invited	B-1: Socioeconomic Measurement Questions in the Former Soviet Union	4
July 26, 2017 16:00-18:00	7th Floor / Salon West	invited	B-2: Measurement of Returns to Funding of Research in Academia and Business	4
July 26, 2017 16:00-18:00	6th Floor / Dining Room 3	invited	B-3: New Approaches to Productivity Measurement	4
July 26, 2017 16:00-18:00	6th Floor / Dining Room 4	invited	B-4: Measurement Challenges in US National Accounts	5
July 26, 2017 16:00-18:00	6th Floor / Dining Room 6	invited	B-5: Financial Vulnerability of the European Middle Class: Results from the Household Finance and Consumption Survey	4
July 27, 2017 9:00-11:00	6th Floor / Dining Room 2	invited	C-1: Contemporary Topics in Economic Measurement	4
July 27, 2017 9:00-11:00	6th Floor / Dining Room 3	invited	C-2: Session on Measurement and Welfare Issues of Digital Economy	4
July 27, 2017 9:00-11:00	6th Floor / Dining Room 4	invited	C-3: Oil and the Economy	4
July 27, 2017 9:00-11:00	6th Floor / Dining Room 5	invited	C-4: Agent-based Models in Finance	4
July 27, 2017 9:00-11:00	6th Floor / Dining Room 6	invited	C-5: International Comparisons of Prices and Productivity	4
July 27, 2017 9:00-11:00	7th Floor / Salon MIT	invited	C-6: Real-Time Data Analysis	4
July 27, 2017 9:00-11:00	7th Floor / Salon West	invited	C-7: Complex Dynamics	4
July 27, 2017 11:30-12:30	7th Floor / Salon MIT	invited	Plenary III: "The Future of Social Security," with Peter Diamond, MIT	0
July 27, 2017 14:00-15:00	7th Floor / Salon MIT	invited	Plenary IV: "Post-Keynesian Dynamic Stochastic General Equilibrium Theory," with Roger Farmer, UCLA	0
July 27, 2017 15:30-17:30	6th Floor / Dining Room 2	contributed	D-1: Growth and Finance	4
July 27, 2017 15:30-17:30	6th Floor / Dining Room 3	invited	D-2: Global Financial Stability and Measuring Global Flow of Funds	4
July 27, 2017 15:30-17:30	6th Floor / Dining Room 4	contributed	D-3: Banks, Money, and Credit	4
July 27, 2017 15:30-17:30	6th Floor / Dining Room 5	invited	D-4: Macrofinance	4
July 27, 2017 15:30-17:30	6th Floor / Dining Room 6	contributed	D-5: Topics in Macroeconomics	4
July 27, 2017 15:30-17:30	7th Floor / Salon West	invited	D-6: The Digital Age: A Paradigm Shift. Economic Measurement in the New Paradigm – Opening the Way	4
July 28, 2017 9:00-11:00	6th Floor / Dining Room 2	invited	E-1: Measurement Issues in Health Economics	4
July 28, 2017 9:00-11:00	6th Floor / Dining Room 3	invited	E-2: Financial Services Indices, Liquidity and Economic Activity	4
July 28, 2017 9:00-11:00	6th Floor / Dining Room 4	invited	E-3: Price Measurement in the Real Estate Sector	4
July 28, 2017 9:00-11:00	6th Floor / Dining Room 5	invited	E-4: Nonlinear and Nonparametric Financial Econometrics in Equity and Commodity Markets	4
July 28, 2017 9:00-11:00	6th Floor / Dining Room 6	invited	E-5: Asymmetric Information and Heterogeneous Beliefs in Macroeconomics	4
July 28, 2017 9:00-11:00	7th Floor / Salon MIT	invited	E-6: Macroeconometrics and Monetary Policy	4
July 28, 2017 9:00-11:00	7th Floor / Salon West	invited	E-7: Economic Temperature: A New Measure to Unite Micro- and Macro-economics	3
July 28, 2017 11:30-12:30	7th Floor / Salon MIT	invited	Plenary V: "Deficit Accounting -- Measurement Without Meaning," with Laurence Kotlikoff, Boston University and NBER	0
July 28, 2017 14:00-15:00	7th Floor / Salon MIT	invited	Plenary VI: "Global Trade and the Dollar" with Gita Gopinath, Harvard University	0
July 28, 2017 15:30-17:30	6th Floor / Dining Room 2	contributed	F-1: Health Disparities, Human Capital, Measurement of Inequality, Multi-dimensional Deprivation and Poverty	4
July 28, 2017 15:30-17:30	6th Floor / Dining Room 3	invited	F-2: Aggregate Measures, Policy, and Macroeconomic Fluctuations	4
July 28, 2017 15:30-17:30	6th Floor / Dining Room 4	invited	F-3: Empirical Macro	4
July 28, 2017 15:30-17:30	6th Floor / Dining Room 5	invited	F-4: Divisia Monetary Aggregates and Monetary Policies in Developing Countries	5
July 28, 2017 15:30-17:30	6th Floor / Dining Room 6	invited	F-5: Applications of Flexible Functional Forms	4
July 28, 2017 15:30-17:30	7th Floor / Salon West	invited	F-6: FinTech/RegTech: A Vision of the Future of Finance	4

 

44 sessions, 153 papers, and 0 presentations with no associated papers

SEM 2017 - 4th Annual Conference
Detailed List of Sessions

Session: A-3: Essays in Financial and Monetary Econometrics July 26, 2017 9:00 to 11:00 6th Floor / Dining Room 4
Session Chair: Fredj Jawadi, University of Evry
Session type: invited
Assessing Global Financial Integration: A New Range of Indicators
By Antoine Parent; Sciences Po Lyon Cécile Bastidon; Laboratoire d'économie appliquée au Développement
presented by: Antoine Parent, Sciences Po Lyon
Unconventional Monetary Policy to Fight Low Inflation and High Unemployment: When Do they Work and Do they Fail
By Gilles DUFRENOT; Aix-Marseille School of Economics, CEPII, Banque de France Fredj Jawadi; University of Evry
presented by: Gilles DUFRENOT, Aix-Marseille School of Economics, CEPII, Banque de France
Financial Fragmentation and the Monetary Transmission Mechanism in the Euro Area: A Smooth Transition VAR Approach
By Ibrahim Tahri; New School for Social Research Hans-Helmut Kotz; Harvard University Willi Semmler; New School NY, University of Bielefeld
presented by: Willi Semmler, New School NY, University of Bielefeld
External Debt Composition and Domestic Credit Cycles
By Ricardo Sousa; London School of Economics and Political Science Stefan Avdjiev; Bank for International Settlements
presented by: Ricardo Sousa, London School of Economics and Political Science
Session: A-4: New Developments in the Empirical Research on Intangibles July 26, 2017 9:00 to 11:00 6th Floor / Dining Room 5
Session Chair: Cecilia Susana Jona-Lasinio, LUISS University
Session type: invited
R&D Investment in Product and Process Innovation, Uncertainty and the Market Structure
By Maria Elena Bontempi; University of Bologna Luca Lambertini; U Bologna
presented by: Maria Elena Bontempi, University of Bologna
ICT and Innovation
By Michael Polder; Statistics Netherlands Pierre Mohnen; Maastricht University George van Leeuwen; CBS
presented by: Pierre Mohnen, Maastricht University
Are There Spillovers from Public Intangibles?
By Carol Corrado; Conference Board (New York) Jonathan Haskel; Imperial College (London) Cecilia Susana Jona-Lasinio; LUISS University
presented by: Carol Corrado, Conference Board (New York)
Intangible Assets Over the Business Cycle
By Fabio Bacchini; Istat Roberto Golinelli; University of Bologna Roberto Iannaccone; Istat Antonio Musolesi; University of Ferrara, Italy
presented by: Fabio Bacchini, Istat
Session: A-2: Trade and Global Value Chains July 26, 2017 9:00 to 11:00 6th Floor / Dining Room 3
Session Chair: Marcel Timmer, University of Groningen
Session type: invited
Quantifying International Production Sharing at the Bilateral and Sector Levels
By Zhi Wang; George Mason University and UIBE Shang-Jin Wei; Columbia University and NBER Kunfu Zhu; Chinese Academy of Sciences
presented by: Zhi Wang, George Mason University and UIBE
Measuring Global Supply Chains
By Robert Johnson; Dartmouth College
presented by: Robert Johnson, Dartmouth College
Production Staging: Measurement and Facts
By Thibault Fally; University of California Berkeley
presented by: Thibault Fally, University of California Berkeley
An Anatomy of the Global Trade Slowdown
By Marcel Timmer; University of Groningen Bart Los; University of Groningen Robert Stehrer; WIIW Gaaitzen de Vries; University of Groningen
presented by: Marcel Timmer, University of Groningen
Session: A-6: Inequality July 26, 2017 9:00 to 11:00 7th Floor / Salon MIT
Session Chair: Patrick Pintus, Banque de France
Session type: invited
Unequal Opportunity, unequal growth
By Juan Rodríguez; Universidad Complutense de Madrid Roy Van der Weide; The World Bank
presented by: Juan Rodríguez, Universidad Complutense de Madrid
Unemployment , Labor Supply and Euro-Area Shocks
By Nikolaos Charalampidis; University of California--Irvine
presented by: Nikolaos Charalampidis, University of California--Irvine
Okun’s Law and the Business Cycle
By Nikolaos Kokonas; University of Bath Paulo Santos Monteiro; University of York
presented by: Paulo Santos Monteiro, University of York
To What Extent Can Long-Term Investments in Infrastructure Reduce Inequality?
By Emma Hooper; GREQAM Sanjay Peters; Columbia University Patrick Pintus; Banque de France
presented by: Emma Hooper, GREQAM
Session: A-5: Now-Casting, Near-term Forecasting and Early Estimation of Quarterly GDP July 26, 2017 9:00 to 11:00 6th Floor / Dining Room 6
Session Chair: Peter Zadrozny, Bureau of Labor Statistics
Session type: invited
Improving Model-based Near-Term GDP Forecasts by Subjective Forecasts: A Real-Time Exercise for the G7-Countries
By Jasper De Winter; De Nederlandsche Bank Jos Jansen; Ministry of Finance
presented by: Jasper De Winter, De Nederlandsche Bank
Nowcasting GDP in Argentina: Comparing the Predictive Ability of Factor Models and Judgmental Forecast
By Laura D'Amato; Banco Central De La Republica Argentina
presented by: Laura D'Amato, Banco Central De La Republica Argentina
The New MIBA Model: Real-time Nowcasting of French GDP Using the Banque de France’s Monthly Business Survey
By Matteo Mogliani; Banque de France Olivier Darné; University of Nantes Bertrand Pluyaud; Banque de France
presented by: Matteo Mogliani, Banque de France
Improving Early Estimates of Quarterly GDP Components in the U.S. National Accounts
By Baoline Chen; Bureau of Economic Analysis
presented by: Baoline Chen, Bureau of Economic Analysis
Session: A-7: Expectations and Learning in Macroeconomics July 26, 2017 9:00 to 11:00 7th Floor / Salon West
Session Chair: Fabio Milani, University of California, Irvine
Session type: contributed
Monetary Policy News and Systemic Risk at the Zero Lower Bound
By Pavel Kapinos; FRB Dallas
presented by: Pavel Kapinos, FRB Dallas
Macroeconomic Implications of Learning and Financial Frictions in Interdependent Economies
By Erica Perego; CEPREMAP Eleni Iliopulos; PSE, University of Pairs 1, CEPREMAP Thepthida Sopraseuth; University of Cergy
presented by: Erica Perego, CEPREMAP
Expectations and the Empirical Fit of DSGE Models
By Eric Gaus; Haverford College Christopher Gibbs; UNSW Australia
presented by: Eric Gaus, Haverford College
Uncertainty Shocks, Financial Frictions and Business Cycle Asymmetries Across Countries
By Pratiti Chatterjee; University of California, Irvine
presented by: Pratiti Chatterjee, University of California, Irvine
Session: A-1: Macroeconomics and Finance July 26, 2017 9:00 to 11:00 6th Floor / Dining Room 2
Session Chair: Claudio Morana, University Milano Bicocca
Session type: contributed
Anti-Corruption Media Coverage and Corruption Perception
By Thuy Nguyen; Indiana University
presented by: Thuy Nguyen, Indiana University
Does Collateral Value Affect Asset Prices? Evidence from a Natural Experiment in Texas
By Albert Zevelev; Baruch CUNY
presented by: Albert Zevelev, Baruch CUNY
On the Relation Between Central Bank's Balance Sheet and Stock Market Returns
By Asif Muhammad Ruman; University of Oulu
presented by: Asif Muhammad Ruman, University of Oulu
Semiparametric Estimation of Multivariate GARCH Models
By Claudio Morana; University Milano Bicocca
presented by: Claudio Morana, University Milano Bicocca
Session: Plenary I: "Using Massive Online Choice Experiments to Measure Changes in Well-Being," with Erik Brynjolfsson, Director of the MIT Initiative on the Digital Economy July 26, 2017 11:30 to 12:30 7th Floor / Salon MIT
Session Chair: Ernst Berndt, MIT Sloan School of Management
Session type: invited
Session: Plenary II: "Money and Monetary Policy: Measurement Matters," with Peter Ireland, Boston College and Shadow Open Market Committee July 26, 2017 14:00 to 15:30 7th Floor / Salon MIT
Session Chair: Apostolos Serletis, University of Calgary
Session type: invited
Discussant:   William Barnett, University of Kansas/Lawrence and Center for Financial Stability/New York City
Session: B-1: Socioeconomic Measurement Questions in the Former Soviet Union July 26, 2017 16:00 to 18:00 6th Floor / Dining Room 2
Session Chair: Mohamed El-Hodiri, University of Kansas
Session type: invited
Comparative Analysis of the Kazakhstani Companies’ Performance Before and After Implementation of the Norms of Corporate Governance
By Zhanat Zhussupova; University of International Business Mohamed El-Hodiri; University of Kansas
presented by: Zhanat Zhussupova, University of International Business
The Social Dimension of Investments in Kazakhstan in the Soviet Period and the Market Economy
By Mohamed El-Hodiri; University of Kansas Dinara Rakhmatullayeva; al Fararabi Kazakh National University
presented by: Mohamed El-Hodiri, University of Kansas
Dinara Rakhmatullayeva, al Fararabi Kazakh National University
The Lorenz Curve and the Measurement of Inequality in Kazakhstan
By Bulat Mukhamediyev; al-Farabi Kazakh National University Tatyana Kudasheva; al Farabi Kazakh National University Mohamed El-Hodiri; University of Kansas
presented by: Bulat Mukhamediyev, al-Farabi Kazakh National University
Declared and Latent Truth: To the Problem of Measuring Sociatlist Trends Within the Soviet Economy
By Mohamed El-Hodiri; University of Kansas Mikhail Sinyutin; St-Petersburg State University
presented by: Mohamed El-Hodiri, University of Kansas
Session: B-2: Measurement of Returns to Funding of Research in Academia and Business July 26, 2017 16:00 to 18:00 7th Floor / Salon West
Session Chair: Jacques Mairesse, ENSAE and Maastricht University
Session type: invited
Public R&D Investments and Private Sector Patenting: Evidence from NIH Funding Rules
By Danielle Li; Harvard University
presented by: Danielle Li, Harvard University
Research, Innovation and Productivity: Direct and Indirect Impacts of the 2008 French R&D Tax Credit Reform
By Jimmy Lopez; Université de Bourgogne Franche-Comté (LEDi); Banque de France Jacques Mairesse; ENSAE and Maastricht University
presented by: Jimmy Lopez, Université de Bourgogne Franche-Comté (LEDi); Banque de France
The Important Thing is Not to Win But to Participate: The Case of a Research Grant Promoting Scientific Collaboration
By Charles Ayoubi; EPFL Michele Pezzoni; University of Nice and GREDEG Fabiana Visentin; EPFL
presented by: Michele Pezzoni, University of Nice and GREDEG
Examining the Returns to Investment in Science: A Case Study
By Jacques Mairesse; ENSAE and Maastricht University
presented by: Jacques Mairesse, ENSAE and Maastricht University
Session: B-5: Financial Vulnerability of the European Middle Class: Results from the Household Finance and Consumption Survey July 26, 2017 16:00 to 18:00 6th Floor / Dining Room 6
Session Chair: Arthur Kennickell, Federal Reserve Board
Session type: invited
Identifying Income and Wealth Poor Households in the Euro Area
By Tobias Schmidt; Deutsche Bundesbank
presented by: Tobias Schmidt, Deutsche Bundesbank
Financial Inclusion: What’s it Worth?
By Miguel Ampudia; European Central Bank
presented by: Miguel Ampudia, European Central Bank
Households at Risk in a Wealthy Country: Survey Evidence from Belgium
[slides]
By Philip Du Caju; National Bank of Belgium
presented by: Philip Du Caju, National Bank of Belgium
How Did the Greek Financial Crisis Impact on Households? A Comparison Between the Two Waves of the HFCS
[slides]
By Evangelos Charalambakis; Bank of Greece
presented by: Evangelos Charalambakis, Bank of Greece
Session: B-3: New Approaches to Productivity Measurement July 26, 2017 16:00 to 18:00 6th Floor / Dining Room 3
Session Chair: Erwin Diewert, University of British Columbia and UNSW Australia
Session type: invited
A Unifying Framework for Farrell Profit Efficiency Measurement
By Rolf Fare; Oregon State University Valentin Zelenyuk; University of Queensland
presented by: Valentin Zelenyuk, University of Queensland
Estimation of Industry-level Productivity with Cross Sectional Dependence using Spatial Analysis
By Robin Sickles; Rice University Jaepil Han; Korea Development Institute
presented by: Robin Sickles, Rice University
The Productivity of Financial Service Providers
By Dennis Fixler; Bureau of Economic Analysis Kimberly Zieschang; University of Queensland
presented by: Dennis Fixler, Bureau of Economic Analysis
Decomposing Value Added Growth into Explanatory Factors
By Erwin Diewert; University of British Columbia and UNSW Australia Kevin Fox; UNSW Australia
presented by: Erwin Diewert, University of British Columbia and UNSW Australia
Session: B-4: Measurement Challenges in US National Accounts July 26, 2017 16:00 to 18:00 6th Floor / Dining Room 4
Session Chair: Dean Croushore, University of Richmond
Session type: invited
Bartering for ‘Free’ Information: Implications for Measured GDP and Productivity
[slides]
By Leonard Nakamura; Federal Reserve Bank of Philadelphia Jon Samuels; U.S. Bureau of Economic Analysis Rachel Soloveichik; U.S. Bureau of Economic Analysis
presented by: Rachel Soloveichik, U.S. Bureau of Economic Analysis
Distribution Services and the Digital Economy: Implications for GDP Measurement, Productivity and Household Welfare
[slides]
By Roger Betancourt; University of Maryland
presented by: Roger Betancourt, University of Maryland
Hedonic Prices for Fixed Broadband Services: Estimation Across OECD Countries
By Carol Corrado; The Conference Board
presented by: Carol Corrado, The Conference Board
The Impact of the Managed Care Backlash on Health Care Costs: Evidence from State Regulation of Managed Care Cost Containment Practices
By Maxim Pinkovskiy; Federal Reserve Bank of New York
presented by: Maxim Pinkovskiy, Federal Reserve Bank of New York
We See the Digital Revolution Everywhere But in GDP
By Charles Hulten; University of Maryland Leonard Nakamura; Federal Reserve Bank of Philadelphia
presented by: Leonard Nakamura, Federal Reserve Bank of Philadelphia
Session: C-7: Complex Dynamics July 27, 2017 9:00 to 11:00 7th Floor / Salon West
Session Chair: Stephen Spear, Carnegie Mellon University
Session type: invited
Singular Invariant Markovian Equilibrium in Stochastic Overlapping Generations Models
By Eungsik Kim; Carnegie Mellon University Stephen Spear; Carnegie Mellon University
presented by: Stephen Spear, Carnegie Mellon University
Endogenous Business Cycles in the Overlapping Generations Market Game Model
By Guo Chen; University of Kansas
presented by: Guo Chen, University of Kansas
Arbitrage Costs and Nonlinear Adjustments in Individual Equity Prices: a VSTECM Modeling
By Fredj Jawadi; University of Evry Georges Prat; CNRS - University Paris West
presented by: Fredj Jawadi, University of Evry
Quasi-Hyperbolic Discounting and Indeterminacy in Multi-Period Overlapping Generatons Models
By Eungsik Kim; Carnegie Mellon University Stephen Spear; Carnegie Mellon University
presented by: Eungsik Kim, Carnegie Mellon University
Session: C-2: Session on Measurement and Welfare Issues of Digital Economy July 27, 2017 9:00 to 11:00 6th Floor / Dining Room 3
Session Chair: Erik Brynjolfsson, MIT
Session type: invited
Sharing Economy in Japan and the U.S.
By Wendy Li; Bureau of Economic Analysis Makoto Nirei; Hitotsubashi University Kazufumi Yamana; Hitotsubashi University
presented by: Wendy Li, Bureau of Economic Analysis
Specialization, Matching Intensity and Income Inequality of Sellers
By Konstantinos Eleftheriou; University of Piraeus Michael Polemis; University of Piraeus
presented by: Konstantinos Eleftheriou, University of Piraeus
Knowledge Based Capital and Gains from Global Value Chain Participation
By Cecilia Jona-Lasinio; LUISS University Stefano Manzocchi; LUISS University of Rome Valentina Meliciani
presented by: Cecilia Jona-Lasinio, LUISS University
On the Welfare Implications of Automation
By Paul Gaggl; UNC Charlotte Maya Eden; World Bank
presented by: Paul Gaggl, UNC Charlotte
Session: C-3: Oil and the Economy July 27, 2017 9:00 to 11:00 6th Floor / Dining Room 4
Session Chair: Apostolos Serletis, University of Calgary
Session type: invited
Canadian Provincial Carbon Policies and Their Economic Impacts
By Adonis Yatchew; UNIVERSITY OF TORONTO Dhruv Sinha; University of Toronto
presented by: Adonis Yatchew, UNIVERSITY OF TORONTO
Oil Prices and the Renewable Energy Sector
By Evangelos Kyritsis; Norwegian School of Economics Apostolos Serletis; University of Calgary
presented by: Evangelos Kyritsis, Norwegian School of Economics
The Effect of Oil Supply Shocks on U.S. Economic Activity: What Have We Learned?
By Ana Maria Herrera; University of Kentucky Sandeep Rangaraju; Assistant Professor
presented by: Ana Maria Herrera, University of Kentucky
Time Varying Persistence in GARCH in mean models
By Alessandra Canepa; Brunel University Menelaos Karanasos; Brunel University
presented by: Menelaos Karanasos, Brunel University
Session: C-6: Real-Time Data Analysis July 27, 2017 9:00 to 11:00 7th Floor / Salon MIT
Session Chair: Dean Croushore, University of Richmond
Session type: invited
Modeling Time-Varying Uncertainty of Multiple-Horizon Forecast Errors
By Todd Clark; Federal Reserve Bank of Cleveland Michael McCracken; Federal Reserve Bank of St. Louis Elmar Mertens; Bank of International Settlements
presented by: Michael McCracken, Federal Reserve Bank of St. Louis
How News and Its Context Drive Risk and Returns Around the World
By Charles Calomiris; Columbia University Harry Mamaysky; Columbia University
presented by: Harry Mamaysky, Columbia University
The Real-Time Properties of the Bank of Canada’s Staff Output Gap Estimates
By Julien Champagne; Bank of Canada Guillaume Poulin-Bellisle; Bank of Canada Rodrigo Sekkel; Bank of Canada
presented by: Rodrigo Sekkel, Bank of Canada
Fiscal Surprises at the FOMC
By Dean Croushore; University of Richmond Simon van Norden; HEC Montréal
presented by: Dean Croushore, University of Richmond
Session: C-4: Agent-based Models in Finance July 27, 2017 9:00 to 11:00 6th Floor / Dining Room 5
Session Chair: Grzegorz Halaj, European Central Bank
Session type: invited
Comparing Macroprudential Policies in an Agent-Based Model of the Financial System
By Co-Pierre Georg; Deutsche Bundesbank
presented by: Co-Pierre Georg, Deutsche Bundesbank
Forming Strong Bonds: Dynamics in Corporate Bond Markets and the Role of Market Makers
By Karen Braun-Munzinger; Bank of England Zijun Liu; Bank of England
presented by: Karen Braun-Munzinger, Bank of England
Endogenous Formation of Interbank Market with Reinforcement Learning Agents
By Steve Yang; Stevens Institute of Technology
presented by: Steve Yang, Stevens Institute of Technology
Artificially Intelligent Simulations for Financial Institutions
By Justin Lyon; Simudyne
presented by: Justin Lyon, Simudyne
Session: C-5: International Comparisons of Prices and Productivity July 27, 2017 9:00 to 11:00 6th Floor / Dining Room 6
Session Chair: Robert Inklaar, University of Groningen
Session type: invited
Substitution Bias in Multilateral Methods for CPI Construction using Scanner Data
By Erwin Diewert; University of British Columbia and UNSW Australia Kevin Fox; UNSW Australia
presented by: Kevin Fox, UNSW Australia
Can Spatial Chaining Improve International Comparisons of Prices and Real Incomes?
By Robert Hill; University of Graz Prasada Rao; University of Queensland Sriram Shankar; Australian National University Gholamreza Hajargasht; University of Melbourne
presented by: Robert Hill, University of Graz
Top Lights – Bright Spots and their Contribution to Economic Development
By Richard Bluhm; Leibniz University Hannover Melanie Krause; University of Hamburg
presented by: Richard Bluhm, Leibniz University Hannover
Natural Resources and Cross-Country Productivity Differences
By Daan Freeman; University of Groningen Robert Inklaar; University of Groningen
presented by: Daan Freeman, University of Groningen
Session: C-1: Contemporary Topics in Economic Measurement July 27, 2017 9:00 to 11:00 6th Floor / Dining Room 2
Session Chair: Sadullah Celik, Marmara University
Session type: invited
Measuring the Effects of the Zero Lower Bound on Medium and Longer-term Interest Rates for Advanced Economies Excluding the US
By Hursit Gunes; Marmara University Hasan Samancioglu; Yeditepe University
presented by: Hursit Gunes, Marmara University
Constructing an Uncertainty Index for Turkey out of Firms’ Responses
By Meltem Bastan; Central Bank of the Republic of Turkey Umit Ozlale; Ozyegin University
presented by: Meltem Bastan, Central Bank of the Republic of Turkey
Divisia and Simple Sum Monetary Agregates: Any Empirical Relevance for Turkey?
By Umurcan Polat; Marmara University
presented by: Umurcan Polat, Marmara University
Chicken-Egg Dilemma for the Relationship between Price and Volume in BIST-100
By Sadullah Celik; Marmara University Ayben Koy; Istanbul Commerce University
presented by: Sadullah Celik, Marmara University
Session: Plenary III: "The Future of Social Security," with Peter Diamond, MIT July 27, 2017 11:30 to 12:30 7th Floor / Salon MIT
Session Chair: Karl Shell, Cornell University
Session type: invited
Session: Plenary IV: "Post-Keynesian Dynamic Stochastic General Equilibrium Theory," with Roger Farmer, UCLA July 27, 2017 14:00 to 15:00 7th Floor / Salon MIT
Session Chair: Stephen Spear, Carnegie Mellon University
Session type: invited
Session: D-3: Banks, Money, and Credit July 27, 2017 15:30 to 17:30 6th Floor / Dining Room 4
Session Chair: Gaetano Antinolfi, Washington University in Saint Louis
Session type: contributed
The (un)Demand for Cash in Canada
By Geoffrey Dunbar; Bank of Canada Casey Jones; Government of Canada
presented by: Geoffrey Dunbar, Bank of Canada
A Monetary Theory of Observational Equivalence with the Taylor Principle
By Ceri Davies; University of Birmingham Max Gillman; University of Missouri at St Louis Michal Kejak; CERGE-EI
presented by: Max Gillman, University of Missouri at St Louis
Revisiting the Fiscal Theory of Sovereign Risk from a DSGE Viewpoint
By Eiji Okano; Nagoya City University Kazuyuki Inagaki; Nagoya City University
presented by: Eiji Okano, Nagoya City University
US Monetary Policy and the G7 House Business Cycle: FIML Markov Switching Approach
[slides]
By Jae-Ho Yoon; Hanyang University
presented by: Jae-Ho Yoon, Hanyang University
Session: D-4: Macrofinance July 27, 2017 15:30 to 17:30 6th Floor / Dining Room 5
Session Chair: Patrick Pintus, Banque de France
Session type: invited
A Generalized Approach to Indeterminacy in Linear Rational Expectations Models
By Francesco Bianchi; Duke University Giovanni Nicoló; UCLA
presented by: Giovanni Nicoló, UCLA
How Foreclosure Delays Impact Mortgage Defaults and Mortgage Modifications
By Jiseob Kim; Yonsei University
presented by: Jiseob Kim, Yonsei University
Banking Crises as Self-Defeating Prophecies
[slides]
By Yaniv Ben Ami; Yale University
presented by: Yaniv Ben Ami, Yale University
The International Medium of Exchange: Privilege and Duty
By Ryan Chahrour; Boston College Rosen Valchev; Boston College
presented by: Rosen Valchev, Boston College
Session: D-6: The Digital Age: A Paradigm Shift. Economic Measurement in the New Paradigm – Opening the Way July 27, 2017 15:30 to 17:30 7th Floor / Salon West
Session Chair: Francis Gross, European Central Bank
Session type: invited
Blockchain and Economic Value Generation in the Digital Age
By Roman Beck; IT University of Copenhagen
presented by: Roman Beck, IT University of Copenhagen
From Operational Data to Aggregate Data: Time for a New Approach?
By Oliver Burrows; Bank of England
presented by: Oliver Burrows, Bank of England
Identification and Trust: Digital Avatars for All?
By John King; University of Michigan
presented by: John King, University of Michigan
Artificial Senses: Measuring Finance and the Economy at the Relevant Speed and Scale
[slides]
By Francis Gross; European Central Bank
presented by: Francis Gross, European Central Bank
Session: D-2: Global Financial Stability and Measuring Global Flow of Funds July 27, 2017 15:30 to 17:30 6th Floor / Dining Room 3
Session Chair: Nan Zhang, Hiroshima Shudo UNiversity
Session type: invited
Improving the Global Flow-of-Fund Modelling: A Financial Footprint Perspective
By Yafei Wang; Beijing Normal University
presented by: Yafei Wang, Beijing Normal University
Macro-financial Risks in China: Measurement and Contagion
By Jingping Li; Shandong University
presented by: Jingping Li, Shandong University
Owner Occupied Housing in the CPI: Making the User Cost Approach Work and Why it Matters
By Robert Hill; University of Graz Miriam Steurer; University of Graz Sofie Waltl; University of Graz / UC Berkeley / ECB
presented by: Miriam Steurer, University of Graz
Measuring Global Flow of Funds: Statistical Framework, Data Sources, and a Country Case
By Nan Zhang; Hiroshima Shudo UNiversity
presented by: Nan Zhang, Hiroshima Shudo UNiversity
Session: D-5: Topics in Macroeconomics July 27, 2017 15:30 to 17:30 6th Floor / Dining Room 6
Session Chair: Toshihiro Okada, UC Santa Cruz & Kwansei Gakuin University
Session type: contributed
Trade, Productivity, Inputs and Synchrony in Mexican and United States Manufacturing
By Daniel Garces Diaz; Bank of Mexico
presented by: Daniel Garces Diaz, Bank of Mexico
Offshore Profit Shifting and Domestic Productivity Measurement
By Fatih Guvenen; University of Minnesota Raymond Mataloni; U.S. Department of Commerce Dylan Rassier; Bureau of Economic Analysis Kim Ruhl; Pennsylvania State University
presented by: Dylan Rassier, Bureau of Economic Analysis
Networks and Factor Analysis: Theory and Evidence
By Scott Brave; Federal Reserve Bank of Chicago
presented by: Scott Brave, Federal Reserve Bank of Chicago
Time to Innovate and Aggregate Fluctuations: A New Keynesian Model with Endogenous Technology
By Toshihiro Okada; Kwansei Gakuin University
presented by: Toshihiro Okada, UC Santa Cruz & Kwansei Gakuin University
Session: D-1: Growth and Finance July 27, 2017 15:30 to 17:30 6th Floor / Dining Room 2
Session Chair: André Casalis, University of York
Session type: contributed
Bitcoin Reveals Unofficial Exchange Rates and Detects Capital Controls
By Gina Pieters; Trinity University
presented by: Gina Pieters, Trinity University
Measuring Productivity Gains from International Trade in a Small Open Economy
By Umut Kilinc; STATEC, Luxembourg
presented by: Umut Kilinc, STATEC, Luxembourg
The Great Divergence(s)
By Giuseppe Berlingieri; ESSEC, CEP Patrick Blanchenay; University of Toronto Chiara Criscuolo; LSE and OECD
presented by: Giuseppe Berlingieri, ESSEC, CEP
Non-Linear Effects of the Financial Cycle on Fiscal Multipliers
By André Casalis; University of York
presented by: André Casalis, University of York
Session: E-3: Price Measurement in the Real Estate Sector July 28, 2017 9:00 to 11:00 6th Floor / Dining Room 4
Session Chair: Robert Hill, University of Graz
Session type: invited
Decompositions of Spatially Varying Quantile Distribution Estimates: The Rise and Fall of Tokyo House Prices
By Daniel McMillen; University of Illinois at Urbana-Champaign
presented by: Daniel McMillen, University of Illinois at Urbana-Champaign
Myopia and Amnesia in Property Prices. Evidence from Two Floods
By Alicia Rambaldi; The University of Queensland
presented by: Alicia Rambaldi, The University of Queensland
Alternative Approaches for Resale Housing Price Indexes
By Erwin Diewert; UBC Ning Huang; Statistics Canada Kate Burnett-Issacs; Statistics Canada
presented by: Erwin Diewert, UBC
Quantile Regression and the Decomposition of House Price Distribution of Major cities in Japan
By Chihiro Shimizu; Nihon University
presented by: Chihiro Shimizu, Nihon University
Session: E-4: Nonlinear and Nonparametric Financial Econometrics in Equity and Commodity Markets July 28, 2017 9:00 to 11:00 6th Floor / Dining Room 5
Session Chair: Gazi Uddin, Linköping University
Session type: invited
Analyzing Contagion and Tail Dependence in Global Real Estate Markets Using Nonparametic Flexible Copulas
By Stelios Bekiros; European University Institute (EUI) Jonathan Siverskog; Linkoping University Bo Sjo; Linkoping University Gazi Uddin; Linköping University
presented by: Bo Sjo, Linkoping University
Mean-Variance Efficient Portfolio Optimization Considering Filtered Time Series: A Wavelet-based Approach
By Theo Berger; University of Bremen
presented by: Theo Berger, University of Bremen
Dynamic Analysis of Investor's Community Sentiment: A Hawkes-Process Framework.
By Yoann LE NY; Univ Paris Dauphine - PSL Research University - CNRS Gaelle Le Fol; Universite Paris-Dauphine - PSL Research University - CNRS - INSEE CREST Serge Darolles; Universite Paris-Dauphine - PSL Research University - CNRS - INSEE CREST Guillaume Monarcha; Orion Financial Partners
presented by: Yoann LE NY, Univ Paris Dauphine - PSL Research University - CNRS
Interdependence Between Uncertainty and Sector Returns: Evidence from Wavelet Coherence Analysis
By Bruce McNevin; Bank of America Joan Nix; Queens College
presented by: Joan Nix, Queens College
Session: E-2: Financial Services Indices, Liquidity and Economic Activity July 28, 2017 9:00 to 11:00 6th Floor / Dining Room 3
Session Chair: Jane Binner, University of Birmingham
Session type: invited
An International Perspective on the Loan Puzzle in Emerging Markets
By Victor Valcarcel; University of Texas at Dallas Asli Leblebicioglu; University of Texas at Dallas
presented by: Victor Valcarcel, University of Texas at Dallas
When Does Monetary Measurement Matter (Most)?
By Makram El-Shagi; Henan University, Kaifeng
presented by: Makram El-Shagi, Henan University, Kaifeng
On the Robustness of Sluggish State-Based Neural Networks for Providing Useful Insight Into the New Keynesian Phillips Curve
By Jane Binner; University of Birmingham Jonathan Tepper; Nottingham Trent University Logan Kelly; University of Wisconsin - River Falls
presented by: Jane Binner, University of Birmingham
Risky Monetary Aggregates for the US and UK
By Jane Binner; University of Birmingham James Swofford; University of South Alabama Logan Kelly; University of Wisconsin - River Falls Sajid Mukhtar Chaudhry; Finance
presented by: Jane Binner, University of Birmingham
Session: E-6: Macroeconometrics and Monetary Policy July 28, 2017 9:00 to 11:00 7th Floor / Salon MIT
Session Chair: John Keating, University of Kansas
Session type: invited
Forward Guidance, Policy Uncertainty, and the Term Premium
By Andrew Smith; Federal Reserve Bank of Kansas City Brent Bundick; Federal Reserve Bank of Kansas City
presented by: Andrew Smith, Federal Reserve Bank of Kansas City
News-Driven Uncertainty Fluctuations
By Dongho Song; Boston College Jenny Tang; Federal Reserve Bank of Boston
presented by: Jenny Tang, Federal Reserve Bank of Boston
Revealed Preference Tests of Indirect and Homothetic Weak Separability of Consumption, Leisure and Money
By James Swofford; University of South Alabama
presented by: James Swofford, University of South Alabama
The Optimal Monetary Instrument and the (Mis)Use of Granger Causality
By John Keating; University of Kansas Andrew Smith; Federal Reserve Bank of Kansas City
presented by: John Keating, University of Kansas
Session: E-7: Economic Temperature: A New Measure to Unite Micro- and Macro-economics July 28, 2017 9:00 to 11:00 7th Floor / Salon West
Session Chair: Arthur Jonath, Profit and Entropy
Session type: invited
Consumer-to-Producer Temperature Gradient: A New Leading Indicator of Expansion and Contraction Forces in the Macroeconomy
[slides]
By Arthur Jonath; Profit and Entropy Richard Goldwater; Profit and Entropy Fred Khorasani
presented by: Arthur Jonath, Profit and Entropy
Revaluing Human Endeavor
[slides]
By Darrel Mank; Santa Clara University
presented by: Darrel Mank, Santa Clara University
Reconciling Subjectivity and Objectivity in Economic Measurement
By Richard Goldwater; Profit and Entropy Arthur Jonath; Profit and Entropy
presented by: Richard Goldwater, Profit and Entropy
Session: E-5: Asymmetric Information and Heterogeneous Beliefs in Macroeconomics July 28, 2017 9:00 to 11:00 6th Floor / Dining Room 6
Session Chair: Thomas Lubik, Federal Reserve Bank of Richmond
Session type: invited
Infinite Higher Order Beliefs and First Order Beliefs: an Equivalence Result
By Zhen Huo; Yale University
presented by: Zhen Huo, Yale University
Estimating Monetary Policy Rules from Forward Guidance
By Stephen Morris; Bowdoin College
presented by: Stephen Morris, Bowdoin College
Information-driven Business Cycles: A Primal Approach
By Ryan Chahrour; Boston College Robert Ulbricht; Toulouse School of Economics
presented by: Ryan Chahrour, Boston College
Indeterminacy and Imperfect Information
By Thomas Lubik; Federal Reserve Bank of Richmond Christian Matthes; Federal Reserve Bank of Richmond Elmar Mertens; Bank of International Settlements
presented by: Thomas Lubik, Federal Reserve Bank of Richmond
Session: E-1: Measurement Issues in Health Economics July 28, 2017 9:00 to 11:00 6th Floor / Dining Room 2
Session Chair: Ernst Berndt, MIT Sloan School of Management
Session type: invited
The Impact of Medical Marijuana Legalization on Prescription Medication Use and Costs in Medicare Part D
By W. David Bradford; University of Georgia Ashley Bradford; University of Georgia
presented by: W. David Bradford, University of Georgia
Software-Driven Innovation and Medical Technology
By Ariel Stern; Harvard Business School
presented by: Ariel Stern, Harvard Business School
Are Medical Care Prices Still Declining? A Systematic Examination of Quality-Adjusted Price Index Alternatives for Medical Care
By Abe Dunn; Bureau of Economic Analysis Anne Hall; U.S. Department of the Treasury Seidu Dauda; World Bank
presented by: Abe Dunn, Bureau of Economic Analysis
The Landscape of U.S. Generic Prescription Drug Markets, 2004-2016
By Ernst Berndt; MIT Sloan School of Management Rena Conti; The University of Chicago
presented by: Ernst Berndt, MIT Sloan School of Management
Session: Plenary V: "Deficit Accounting -- Measurement Without Meaning," with Laurence Kotlikoff, Boston University and NBER July 28, 2017 11:30 to 12:30 7th Floor / Salon MIT
Session Chair: Dale Jorgenson, Harvard University
Session type: invited
Session: Plenary VI: "Global Trade and the Dollar" with Gita Gopinath, Harvard University July 28, 2017 14:00 to 15:00 7th Floor / Salon MIT
Session Chair: Gaetano Antinolfi, Washington University in Saint Louis
Session type: invited
Session: F-6: FinTech/RegTech: A Vision of the Future of Finance July 28, 2017 15:30 to 17:30 7th Floor / Salon West
Session Chair: Arthur Kennickell, Federal Reserve Board
Session type: invited
Evolving Analytic Approaches to Cope with Explosive Data Growth
By William Nichols; Office of Financial Research
presented by: William Nichols, Office of Financial Research
RegTech and Reporting: A Unified Vision
[slides]
By Jim Northey; Itiviti
presented by: Jim Northey, Itiviti
Data Standards and Their Impact on Data Quality
[slides]
By Karla McKenna; Global LEI Foundation Michal Piechocki; The Frankfurt Group
presented by: Karla McKenna, Global LEI Foundation
Regulation 2.0: Directly Measuring Financial Risk
[slides]
By Allan Mendelowitz; ACTUS Financial Research Foundation
presented by: Allan Mendelowitz, ACTUS Financial Research Foundation
Session: F-5: Applications of Flexible Functional Forms July 28, 2017 15:30 to 17:30 6th Floor / Dining Room 6
Session Chair: Apostolos Serletis, University of Calgary
Session type: invited
The Demand for Money for EMU: A Flexible Functional from Approach
By Neepa Gaekwad Babulal; University of Kansas William Barnett; University of Kansas/Lawrence and Center for Financial Stability/New York City
presented by: Neepa Gaekwad Babulal, University of Kansas
Banking Technology in a Markov Switching Economy
By Maksim Isakin; University of Calgary Apostolos Serletis; University of Calgary
presented by: Maksim Isakin, University of Calgary
A Varying-Coefficient Panel Data Model with Fixed Effects: Theory and an Application to US Commercial Banks
By Guohua Feng; University of North Texas Jiti Gao; Monash University Bin Peng; Economics Discipline Group
presented by: Guohua Feng, University of North Texas
Interfuel Substitution in China
By Dongfeng Chang; Shandong University Apostolos Serletis; University of Calgary
presented by: Dongfeng Chang, Shandong University
Session: F-4: Divisia Monetary Aggregates and Monetary Policies in Developing Countries July 28, 2017 15:30 to 17:30 6th Floor / Dining Room 5
Session Chair: Biyan Tang, University of San Diego
Session type: invited
Divisia Monetary Aggregate and Monetary Transmission Mechanism in Democratic Republic of Congo
By Boniface Yemba; Clarion University of Pennsylvania Biyan Tang; University of San Diego William Barnett; University of Kansas/Lawrence and Center for Financial Stability/New York City
presented by: Boniface Yemba, Clarion University of Pennsylvania
Analyzing Chinese Monetary Policy with Divisia Monetary Aggregates
By Wenjuan Chen; Free Berlin University Biyan Tang; University of San Diego
presented by: Biyan Tang, University of San Diego
Optimal Inflation Rate in Democratic Republic of Congo
By Paul Woodburne; Clarion University of Pennsylvania Boniface Yemba; Clarion University of Pennsylvania
presented by: Paul Woodburne, Clarion University of Pennsylvania
User Cost of Credit Card Services Under Intertemporal Nonseparability
By Jinan Liu; University of Kansas William Barnett; University of Kansas/Lawrence and Center for Financial Stability/New York City
presented by: Jinan Liu, University of Kansas
How Much Does Formula vs. Chaining Matter for a Cost-of-Living Index? The CPI-U vs. the C-CPI-U
By Gregory Kurtzon; Bureau of Labor Statistics
presented by: Gregory Kurtzon, Bureau of Labor Statistics
Session: F-3: Empirical Macro July 28, 2017 15:30 to 17:30 6th Floor / Dining Room 4
Session Chair: Laura Jackson Young, Bentley University
Session type: invited
Monetary Policy across the Business Cycle
By Daniel Soques; University of North Carolina at Wilmington
presented by: Daniel Soques, University of North Carolina at Wilmington
Taper Tantrums: QE, It's Aftermath and Emerging Market Capital Flows
By Anusha Chari; University of North Carolina at Chapel H Karlye Dilts Stedman; University of North Carolina - CH Christian Lundblad; University of North Carolina
presented by: Karlye Dilts Stedman, University of North Carolina - CH
Men are from Mars? Gender Differences in Business Cycle Dynamics and Policy Implications
By Amy Guisinger; Lafayette College Tara Sinclair; George Washington University
presented by: Amy Guisinger, Lafayette College
Debt and Stabilization Policy: Evidence from a Euro Area FAVAR
By Laura Young; Bentley University
presented by: Laura Jackson Young, Bentley University
Session: F-2: Aggregate Measures, Policy, and Macroeconomic Fluctuations July 28, 2017 15:30 to 17:30 6th Floor / Dining Room 3
Session Chair: Ryan Mattson, West Texas A&M University
Session type: invited
The $100 Bill and the Great Compression of User Costs
By Ryan Mattson; West Texas A&M University
presented by: Ryan Mattson, West Texas A&M University
Economic Stability Through Narrow Measures of Inflation
By Andrew Keinsley; Weber State University
presented by: Andrew Keinsley, Weber State University
Monetary Policy Rule, Exchange Rate Regime, and Fiscal Policy Cyclicality in a Developing Oil Economy
By Aliya Algozhina; CERGE-EI
presented by: Aliya Algozhina, CERGE-EI
Forecasting Macroeconomic Variables in Small Open Economy
By Febrio Kacaribu; University of Indonesia
presented by: Febrio Kacaribu, University of Indonesia
Session: F-1: Health Disparities, Human Capital, Measurement of Inequality, Multi-dimensional Deprivation and Poverty July 28, 2017 15:30 to 17:30 6th Floor / Dining Room 2
Session Chair: Shatakshee Dhongde, Georgia Institute of Technology
Session type: contributed
Contributions to the Measurement of Relative P-Bipolarisation
By Marek Kosny; Wroclaw University of Economics Gaston Yalonetzky; University of Leeds
presented by: Gaston Yalonetzky, University of Leeds
The Quest for Pro-poor and Inclusive Growth: The Role of Governance
By Djeneba Doumbia; Paris School of Economics
presented by: Djeneba Doumbia, Paris School of Economics
Components of Uncertainty
By Vegard Larsen; Norges Bank
presented by: Vegard Larsen, Norges Bank
Multidimensional Measures of Well-being with Dimensional Hierarchy
By Shatakshee Dhongde; Georgia Institute of Technology Prasanta Pattanaik; University of California Yongsheng Xu; Georgia State University
presented by: Shatakshee Dhongde, Georgia Institute of Technology

 

This program was last updated on 2018-05-10 16:05:10 EDT