CALL FOR PAPERS

Conference on

Monetary and Fiscal Policy for Macroeconomic Stability -

FINAL PROGRAMME

Friday 18 June

9:15 – 11:30

Parallel Session 1 - Aula Scarpa

Monetary Policy and Banking

The Impact of Bank Regulation on the Transmission of Shocks

Césaire Meh (Bank of Canada), Kevin Moran (Université Laval)

Optimal Policy Responses to Financial Shocks

Harris Dellas (University of Bern), Behzad Diba (Georgetown University), Olivier Loisel (Bank of France)

Banking Competition, Collateral Constraints and Optimal Monetary Policy

Javier Andrés (University of Valencia), Óscar Arce (CNMV), Carlos Thomas (Bank of Spain)

Parallel Session 2 - Aula III di Lettere

Empirical Evidence on the Effects of Fiscal Policy

 The Analytics of Fiscal Multipliers in Structural Vector Autoregressions

Dario Caldara (IIES Stockholm), Christophe Kamps (European Central Bank)

Transmission of Government Spending Shocks in the Euro Area: Time Variation and Driving Forces

Jacopo Cimadomo (European Central Bank), Markus Kirchner (University of Amsterdam), Sebastian Hauptmeier (European Central Bank) 

Macroeconomic Shocks and the Business Cycle: Evidence from a Structural Factor Model

Luca Gambetti (Universitat Autonoma de Barcelona), Mario Forni (Università di Modena e Reggio Emilia)

11:30 - 12:00 Coffee break

12:00 - 13:00                Keynote Speaker – Aula Scarpa 

Involuntary Unemployment and the Business Cycle

Lawrence Christiano (Northwestern University), Mathias Trabandt (ECB and Sveriges Riksbank), Karl Walentin (Sveriges Riksbank)

13:00 - 14:00 Lunch

14:00 - 15:30   

Parallel Session 1 - Aula Scarpa

Macroeconomic Policy in Open Economies

 Demand Imbalances, Exchange Rate Misalignment and Monetary Policy

Giancarlo Corsetti (European University Institute), Luca Dedola (European Central Bank), Sylvain Leduc (Federal Reserve Bank of San Francisco)

Fiscal Multipliers and the Labor Market in the Open Economy

Wolfgang Lechthaler (Kiel Institute for the World Economy), Ester Faia (Goethe University Frankfurt), Christian Merkl (Kiel Institute for the World Economy)

Parallel Session 2 - Aula III di Lettere

Investment and the Business Cycle

General-Equilibrium Effects of Investment Tax Incentives

Rochelle M. Edge (Federal Reserve Board), Jeremy B. Rudd (Federal Reserve Board)

New Perspectives on Depreciation Shocks as a Source of Business Cycle Fluctuations

Francesco Furlanetto (Norges Bank), Martin Seneca (Central Bank of Iceland)

15:30 - 16:00 Coffee break

16:00 - 17:00   Keynote Speaker – Aula Scarpa

Sources of Business Cycle Fluctuations

Stephanie Schmitt-Grohé (Columbia University)

20:00 Conference Dinner

Saturday 19 June

9:15 - 11:30

Parallel Session 1 - Aula Scarpa

Empirical issues in Monetary Policy

Potential Output, the Output Gap, and the Labor Wedge

Luca Sala (Bocconi University), Ulf Söderström (Sveriges Riksbank), Antonella Trigari (Bocconi University)

Evaluating Interest Rate Rules in an Estimated DSGE Model

Vasco Cúrdia (Federal Reserve Bank of New York), Andrea Ferrero (Federal Reserve Bank of New York), Andrea Tambalotti (Federal Reserve Bank of New York)

Wage Setting Patterns and Monetary Policy: International Evidence

Giovanni Olivei (Federal Reserve Bank of Boston), Silvana Tenreyro (London School of Economics)

Parallel Session 2 - Aula Volta

Monetary Policy and Credit Markets Imperfections

Monetary Policy and Housing Prices in an Estimated DSGE Model for the US and the Euro Area

Alessandro Notarpietro (Bank of Italy), Matthieu Darracq Pariès (European Central Bank)

Investigating Zero Lower Bound Effects under Financial Instability

Julio A. Carrillo (Maastricht University), Céline Poilly (Université Catholique de Louvain la Neuve)

Risky Mortgages

Chiara Forlati (École Polytechnique Fédérale de Lausanne), Luisa Lambertini (École Polytechnique Fédérale de Lausanne)

11:30 - 12:00 Coffee break

12:00 - 13:00                 Keynote Speaker – Aula Scarpa

Infectious Housing Dynamics

Martin Eichenbaum (Northwestern University)

13:00 - 14:00 Lunch

14:00 - 15:30                

Parallel Session 1 - Aula Scarpa

Distortionary Taxation and Monetary Policy

 Distortionary tax instruments and implementable monetary policy

Luigi Marattin (University of Bologna), Massimiliano Marzo(University of Bologna), Paolo Zagaglia (Sveriges Riksbank)

 Progressive Taxation of Labor Income, Taylor Principle and Monetary policy

Fabrizio Mattesini (University of Rome Tor Vergata), Lorenza Rossi (University of Pavia)

Parallel Session 2 - Aula Volta

Empirical Issues in Fiscal and Monetary Policy

Did Tax Policies Mitigate US Business Cycles?

Filippo Ferroni (Banque de France)

Calvo vs. Rotemberg in a Trend Inflation World: An Empirical Investigation

Guido Ascari (University of Pavia), Efrem Castelnuovo (University of Padua), Lorenza Rossi (University of Pavia

 15:30 - 17:00

Parallel Session 1 - Aula Scarpa

Unconventional Monetary Policy

The Great Escape? A Quantitative  Evaluation of the Fed's Non-Standard Policies

Andrea Ferrero (Federal Reserve Bank of New York), Marco Del Negro (Federal Reserve Bank of New York), Gauti Eggertsson (Federal Reserve Bank of New York), Nobuhiro Kiyotaki (Princeton University)

A Model of Unconventional Monetary Policy

Peter Karadi (New York University), Mark Gertler (New York University)

Parallel Session 2 - Aula Volta

Cost of inflation

Public debt, discretionary policy, and inflation dynamics

Paul Pichler (University of Vienna), Stefan Niemann (University of Essex), Gerhard Sorger (University of Vienna)

Productivity Growth and Phillips Curve Tradeoffs

Dennis Snower (Kiel Institute for the World Economy), Mewael F. Tesfaselassie (Kiel Institute for the World Economy)