Department of Economics

unilogo

Harris Dellas


5th Hydra Workshop on Dynamic Macroeconomics - Santorini, 28-29 September 2007


Program

Program (PDF)



Thursday, September 27th


21:00

Dinner



Day 1 (Friday, September 28th)


09:00-09:10

Welcome: Plutarchos Sakellaris (AUEB)

Chair: Plutarchos Sakellaris (AUEB)

09:10-10:10

Search and Rest Unemployment [download]

Robert Shimer* (University of Chicago) and Fernando Alvarez (University of Chicago)


Discussant:

Morten Ravn (European University Institute, CEPR)


10:10-10:30

Coffee break



Chair: Marcel Savioz (Swiss National Bank)

10:30-11:30

Fragile Beliefs and the Price of Model Uncertainty [download]

Thomas Sargent* (New York University) and Lars Peter Hansen (University of Chicago)


Discussant:

Fabio Canova (Universitat Pompeu Fabra, AMeN) [download]


11:30-12:30

Sales and the Real Effects of Monetary Policy [download]

Patrick Kehoe* (Federal Reserve Bank of Minneapolis, University of Minnesota, NBER) and Virgiliu Midrigan (Federal Reserve Bank of Minneapolis, New York University)


Discussant:

Fabrice Collard (Université de Toulouse) [download]


12:45-14:00

Lunch



Chair: Frank Smets (European Central Bank)

14:00-15:00

The Role of Social Networks in Bank Lending

Luigi Guiso* (European University Institute, Ente 'Luigi Einaudi')


Discussant:

Michael Haliassos (University of Frankfurt) [download]


15:00-16:00

Nominal Debt as a Burden on Monetary Policy [download]

Ramon Marimon* (European University Institute, Universitat Pompeu Fabra-CREi, CEPR, NBER), Javier Díaz-Giménez (Universidad Carlos III de Madrid), Giorgia Giovanetti (Università die Firenze) and Pedro Teles (Federal Reserve Bank of Chicago, CEPR)


Discussant:

Luca Dedola (European Central Bank) [download]


21:00

Dinner



Day 2 (Saturday, September 29th)



Chair: Jean-Marc Natal (Swiss National Bank)

10:00-11:00

The Role of Debt and Equity Finance over the Business Cycle [download]

Wouter den Haan* (University of Amsterdam) and Francisco Covas (Bank of Canada)


Discussant:

Fiorella di Fiore (European Central Bank) [download]


11:00-11:30

Coffee break



Chair: Rafael Wouters (National Bank of Belgium)

11:30-12:30

Home Bias in Goods and Assets [download]

Behzad Diba* (Georgetown University), Fabrice Collard (University of Toulouse), Harris Dellas (University of Bern) and Alan Stockman (University of Rochester)


Discussant:

Robert Kollmann (Free University of Brussels)


12:30-13:30

Sovereign Risk and Secondary Markets [download]

Jaume Venturea* (Universitat Pompeu Fabra), Fernando Broner (Universitat Pompeu Fabra) and Alberto Martin (Universitat Pompeu Fabra)


Discussant:

Apostolis Philippopoulos (AUEB) [download]


13:30-14:45

Lunch



21:00

Dinner





Organizers

Harris Dellas (University of Bern)

Plutarchos Sakellaris (AUEB, IMOP & Ministry of Economy and Finance)

Frank Smets (European Central Bank)


* = presenting