NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2010

 

Workshop on Methods and Applications for Dynamic Stochastic

General Equilibrium Models

 

Jesus Fernandez-Villaverde and Frank Schorfheide, Organizers

 

July 15 and 16, 2009

 

Royal Sonesta Hotel
Charles
Suite B

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

                           

WEDNESDAY, JULY 14:

 

 

 6:00 pm

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

THURSDAY, JULY 15:

 

 

 12:00 pm

Lunch

 

 

 1:00 pm

Fabio Milani, UC, Irvine

 

Expectation Shocks and Learning as Drivers of the Business Cycle

 

 

 2:00 pm

Roger Farmer, UC, Los Angeles and NBER

 

Tao Zha and Daniel Waggoner, Federal Reserve Bank of Atlanta

 

Minimal State Variable Solutions to Markov-Switching Rational Expectations Models

 

 

 3:00 pm

Break

 

 

 3:30 pm

Massimiliano Marcellino, European University Institute

 

Classical Time-Varying FAVAR Models – Estimation, Forecasting, and Structural Analysis

 

 

 4:30 pm

Jesus Fernandez-Villaverde, University of Pennsylvania and NBER

 

Juan Rubio-Ramirez, Duke University

 

Pablo Guerron-Quintana, Federal Reserve Bank of Philadelphia

 

Fortune or Virtue: Time-Variant Volatilities versus Parameter Drifting in U.S. Data

 

 

 5:30 pm

Adjourn

 

 

FRIDAY, JULY 16:

 

 

12:00 pm

Lunch

 

 

 1:00 pm

Aytek Malkhozov, London School of Economics

 

Maral Shamloo, International Monetary Fund

 

Asset Prices in a News Driven Real Business Cycle Model

 

 

 2:00 pm

Andre Kurmann, UQAM

 

Christopher Otrok, University of Virginia

 

News Shocks and the Slope of the Term Structure of Interest Rates

 

 

 3:00 pm

Break

 

 

 3:15 pm

Carlos Carvalho, Federal Reserve Bank of New York

 

Jae Won Lee, Rutgers University

 

Sectoral Price Facts in a Sticky-Price Model

 

 

 4:15 pm

Adjourn

 

 

 

 

 

 

 

 

6/22/09