Zeuthen Workshop on Macroeconomics
Friday, 19 March – Saturday, 20 March, 2010
Department of Economics
University of Copenhagen
Øster Farimagsgade 5, Building 26
DK-1353 Copenhagen K
Denmark
Program
Friday, 19 March
12.05: Welcome
12.15: Lunch
13.00: Session 1
Emiliano Santoro, University of Copenhagen:
Optimal Monetary Policy with Durable Consumption Goods and Factor
Demand Linkages
Tiziana Assenza, Catholic University of Milan:
Asset Prices and Monetary Policy: A New View of the Cost Channel
14.30 – 14.45: Break
14.45: Session 2
Miroslav Hlousek, Masaryk University:
Nominal Rigidities and Wage-price Dynamics in DSGE Model of Open
Economy: Application for the Czech Republic
Paolo Gelain, University of St Andrews:
The External Finance Premium in the Euro Area: A Useful Indicator
for Monetary Policy?
16.15 – 16.30: Break
16.30: Session 3
Martin Seneca, Central Bank of Iceland:
Investment-Specific Technology Shocks and Consumption
Jens Iversen, University of Southern Denmark:
Financial Integration, Nominal Shocks and Endogenous Persistence
21.00: Dinner at Restaurant Umami, Store Kongensgade 59
Saturday, 20 March
9.00: Session 4
Lorenza Rossi, University of Pavia:
Progressive Taxation of Labor Income, Taylor Principle and
Monetary Policy
Anton Nakov,
Banco de España:
Precautionary Price Stickiness
10.30 – 10.45: Break
10.45: Session 5
Philipp Engler, Freie Universität Berlin:
Beggar-Thyself or Beggar-Thy-Neighbour? The Welfare Effects of
Monetary Policy
Margarita Rubio, Bank of Spain:
Housing Market Heterogeneity in a Monetary Union
12.15 – 13.15 Lunch
13.15: Session 6
Søren Hove Ravn, University of Copenhagen:
Has the Fed Reacted Asymmetrically to Stock Prices?
Lars Jul
Overby, Danmarks Nationalbank:
Risk Is Not Symmetric: An Intraday Study of the Bond Market Term
Premia Around Macroeconomic Announcements
14.45 – 15.15 Break
15.15: Session 7
Steffen Ahrens, Kiel University:
On the Introduction of Firing Costs
Dennis Wesselbaum,
Kiel University:
Capital, Endogenous Separations, and the Business Cycle
Roberto Tamborini, University of Trento:
Monetary Policy with Investment-saving Imbalances
17.30: End of Workshop
