University of Pavia

Department of Economics and Quantitative Methods

8^th WORKSHOP ON

 

MACROECONOMIC DYNAMICS: THEORY AND APPLICATIONS

 

Pavia, 21 December 2009

 

Call for papers

Program

Practical Information

 

Program

 

Plenary session – Aula Volta

 

9.15-9.30  Welcome address

 

9.30-10.15

Public Investment and Budget Rules for State vs. Local Governments

Marco Bassetto (Federal Reserve Bank of Chicago)

Discussant: Massimo Bordignon (Catholic University of Milan)

 

10.15-11.00

Optimal Welfare Programs with Search, Work, and Training

Nicola Pavoni (University College London), Ofer Setty (New York University), Gianluca Violante (New York University)

Discussant: Giulio Fella (Queen Mary, University of London)

 

11.00-11.30 Coffee break

 

11.30-12.15

Financial Frictions, Financial Integration and the International Propagation of Shocks

Giovanni Lombardo (European Central Bank), Luca Dedola (European Central Bank)

Discussant: Matteo Iacoviello (Boston College)

 

12.15-13.00

Are Policy Counterfactuals Based on Structural VARs Reliable?

Luca Benati (European Central Bank)

Discussant: Gianni Amisano (European Central Bank)  

 

13.00-14.00 Buffet lunch

Parallel session 1 – Aula Volta

TRADE

14.00-14.45

Financing Constraints, Export Decisions, and Aggregate Productivity

Andrea Caggese (Pompeu Fabra University), Vicente Cuñat  (London School of Economics)

Discussant: Gian Luca Clementi (New York University)

 

14.45-15.30

Who's Afraid of a Globalized World? Foreign Direct Investments, Local Knowledge and Allocation of Talents

Giovanni Pica (University of Salerno), José V. Rodriguez Mora  (University of Edinburgh)

Discussant: Paolo Epifani (Bocconi University)

 

15.30-16.00 Coffee break

 

POLITICAL ECONOMY

16.00-16.45

A Dynamic Politico-Economic Model of Intergenerational Contracts

Francesco Lancia (Catholic University of Milan and University of Bologna), Alessia Russo (University of Bologna)

Discussant: Marco Bassetto (Federal Reserve Bank of Chicago)

 

Sector Inequality of Public Spending, Regionalism, and Growth

Lorenzo Burlon (Universitat Autònoma of Barcelona)

Discussant: Paola Profeta (Bocconi University)

 

16.45-17.30

Parallel session 2 – Aula Scarpa

MONETARY POLICY

14.00-14.45

Expectations Shocks and Learning as Drivers of the Business Cycle

Fabio Milani (University of California, Irvine)

Discussant: Efrem Castelnuovo (University of Padova)

 

14.45-15.30

Asset Prices and Monetary Policy: A New View of the Cost Channel

Domenico Delli Gatti (Catholic University of Milan), Tiziana Assenza (Catholic University of Milan), Michele Berardi (University of Manchester)

Discussant: Andrea Colciago (Univeristy of Milan Bicocca)

 

15.30-16.00 Coffee break

 

LABOR MARKET

16.00-16.45

Macroeconomic Effects of Product and Labor Market (De)Regulation: The Long and Short of Reforming Europe

Giuseppe Fiori (Bank of Italy), Matteo Cacciatore (Boston College)

Discussant: Marco Leonardi (University of Milan)

 

16.45-17.30

Wage Rigidities in an Estimated DSGE Model of the UK Labour Market

Francesco Zanetti (Bank of England), Renato Faccini (Bank of England), Stephen Millard (Bank of England)

Discussant: Andrea Gerali (Bank of Italy)

 

SCIENTIFIC COMMITTEE

The program will be organized by Guido Ascari (University of Pavia), Giorgio Bellettini (University of Bologna), Gianluca Femminis (Catholic University of Milan), Francesco Lippi (University of Sassari and EIEF), Marco Maffezzoli (Bocconi University and IGIER), Alessandro Missale (University of Milan), Tommaso Monacelli (Bocconi University and IGIER), Michele Santoni (University of Milan), and Alessandro Secchi (Bank of Italy).