Refining Monetary Policy: Transparency and Real Stability, September 5-6, 2008
Workshop, Sveriges Riksbank
Program, practical information and useful addresses
Program
Thursday, 4 September
| 19:00 |
Reception at the Scandic Sergel Plaza Hotel
|
Day 1 - Friday, 5 September 2008,
Chair: Lars E. O. Svensson (Sveriges Riksbank)
| 08:30 |
Registration/Coffee
|
| 09.00 |
Welcome / Opening remarks
Governor Stefan Ingves (Sveriges Riksbank)
|
| 09:15 |
Some Economic Observations Regarding Communication about Policy
Edward Green (Pennsylvania State University)
[paper]
[slides]
Discussant: Christopher A. Sims (Princeton University)
[slides]
|
| 10:30 |
Coffee
|
| 11:00 |
Stabilizing Expectations under Monetary and Fiscal Policy Coordination
Bruce Preston (Columbia University) with Stefano Eusepi (Federal Reserve Bank of New York)
[paper]
[appendix]
[slides]
Discussant: Donald L. Kohn (Board of Governors of the Federal Reserve System)
|
| 12:15 |
Lunch
|
Chair: Eric Leeper (Indiana University)
| 13:30 |
Central Bank Communication and the Financial Markets
Alan S. Blinder (Princeton University)
[paper]
[slides]
Discussant: Michael Ehrmann (European Central Bank)
[slides]
|
| 14:45 |
Coffee
|
| 15:15 |
Transparency under Flexible Inflation Targeting: Experiences and Challenges
Lars E. O. Svensson (Sveriges Riksbank)
[paper]
[slides]
Discussant: Axel A. Weber (Deutsche Bundesbank
[slides]
|
| 19:00 |
Dinner at the Grand Hotel
|
Day 2 - Saturday, 6 September 2008
Chair: Anders Vredin (Sveriges Riksbank)
| 08:30 |
Coffee
|
| 09:00 |
Estimation of Euro Area Output Gap Using the NAWM
Frank Smets (European Central Bank) with Günter Coenen and Igor Vetlov (European Central Bank)
[paper]
[Background paper]
[slides]
Discussant: Jordi Gali (CREI, Universitat Pompeu Fabra)
[slides]
|
| 10:15 |
Coffee
|
| 10:35 |
Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy
Rochelle M. Edge (Board of Governors of the Federal Reserve System) with Michael T. Kiley and Jean-Philippe Laforte (Board of Governors of the Federal Reserve System)
[paper]
[slides]
Discussant: Stephanie Schmitt-Grohé (Columbia University)
[slides]
|
| 11:50 |
Coffee
|
| 12:10 |
DSGE Models in a Second-Best World of Policy Analysis
Jon Faust (Johns Hopkins University)
[paper]
[slides]
Discussant: Charles Bean (Bank of England)
|
| 13:25 |
Lunch
|
For each paper, the author has 30 minutes and the discussant 20 minutes, with a further 25 minutes allocated for general discussion.
Organization
The organizing committee consists of Eric Leeper, Lars E. O. Svensson and Anders Vredin.
Questions can be directed to: stefan.laseen@riksbank.se or at phone +46 8 787 05 27.
