Beliefs and Business Cycles. September 8-9, 2011
Sveriges Riksbank, Stockholm, Sweden
Wednesday, September 7
|
| 18:00-19:00 |
Welcome drink at Sveriges Riksbank |
Thursday, September 8
|
| 09:00 |
Registration and coffee |
Session I: Financial markets and information production
Chair: Ferre De Graeve |
| 09:20 |
Welcome Address: Lars E.O. Svensson |
| 09:30 |
Incentives for information production in markets where prices affect real investment
James Dow*, Itay Goldstein and Alexander Guembel [Paper]
Discussant: Emilio Osambela |
| 10:30 |
Collateral crises
Gary Gorton and Guillermo Ordonez* [Paper]
Discussant: Tore Ellingsen |
| 11:30 |
Coffee |
| 12:00 |
Rational attention allocation over the business cycle
Marcin Kacperczyk, Stijn Van Nieuwerburgh and Laura Veldkamp* [Paper]
Discussant: Per Strömberg |
| 13:00 |
Lunch |
Session II: Confronting models with survey and macro data
Chair: Andreas Westermark |
| 14:15 |
Information rigidity and the expectations formation process: A simple framework and new facts
Olivier Coibion* and Yuriy Gorodnichenko [Paper]
Discussant: Philippe Andrade |
| 15:15 |
Confidence and the transmission of government spending shocks
Rüdiger Bachmann* and Eric Sims [Paper]
Discussant: Luca Sala
|
| 16:15 |
Coffee |
| 16:30 |
News, noise and fluctuations
Olivier Blanchard, Jean-Paul L’Huillier and Guido Lorenzoni* [Paper]
Discussant: Raf Wouters |
| 17:30 |
Adjourn |
| 18:30 |
Dinner at Sjöfartshuset |
|
Friday, September 9
|
| 8:45 |
Coffee |
Session III: Beliefs and monetary policy
Chair: Virginia Queijo von Heideken |
| 9:00 |
Exogenous information, endogenous information and optimal monetary policy
Luigi Paciello and Mirko Wiederholt* [Paper]
Discussant: Filip Matejka |
| 10:00 |
The consequences of differing beliefs about monetary policy
Christopher Sims* [Paper 1] [Paper 2]
Discussant: Christian Hellwig |
| 11:00 |
Coffee |
Session IV: Beliefs as sources of fluctuations
Chair: Per Krusell |
| 11:30 |
Man-bites-dog driven business cycles
Kristoffer Nimark* [Paper]
Discussant: Tobias Broer
|
| 12:30 |
Decentralization, communication, and the origins of fluctuations
George-Marios Angeletos*and Jennifer La’O [Paper]
Discussant: John Hassler |
| 13:30 |
Lunch and Adjourn |
Time allocation
Presentation: 35 minutes
Discussant: 15 minutes
Open discussion: 10 minutes
Organizing committee
Ferre De Graeve, Sveriges Riksbank
Daria Finocchiaro, Sveriges Riksbank
Martin Flodén, Stockholm University
Per Krusell, IIES, Stockholm University
Virginia Queijo von Heideken, Sveriges Riksbank
Andreas Westermark, Sveriges Riksbank
Local organization
Lena Löfgren, Sveriges Riksbank
