System Committee on Macroeconomics
Thursday, November 21
8:00 a.m. - 5:30 p.m.
Friday, November 22
8:00 a.m. - 12:45 p.m.
Connolly Center, 4th Floor
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA 02210
Day One - Thursday, November 21, 2013
|8:30||Welcome & Introductions
|8:45||"Small and Orthodox Fiscal Multipliers at the Zero Lower Bound"
Presenter: Toni Braun (FRB-Atlanta)
Discussant: John Roberts (Board of Governors)
|9:30||"Targeting Long Rates in a Model with Segmented Markets"
Presenter: Charles Carlstrom (FRB-Cleveland)
Discussant: Han Chen (Board of Governors)
|10:30||"The Effect of Unemployment Duration on Future Earnings and Other Outcomes"
Presenter: Daniel Cooper (FRB –Boston)
Discussant: David Ratner (Board of Governors)
|11:15||"Assessing the Effects of Large-Scale Asset Purchases in a Zero-Interest Rate Environment through the Lens of DSGE and VAR Models"
Presenter: Han Chen (Board of Governors)
Discussant: Christian Matthes (FRB-Richmond)
|12:00 pm||Lunch (New England Room) 4th Floor|
|1:30||"Commitment versus Discretion in a Political Economy Model of Fiscal and Monetary Policy Interaction"
Presenter: David Miller (Board of Governors)
Discussant: Troy Davig (FRB – Kansas City)
|2:15||"Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?"
Presenter: Jesper Linde (Board of Governors)
Discussant: Tom Tallarini (FRB – Minneapolis)
|3:15||"Repo Collateral Fire Sales: The Effects of Exemption from Automatic Stay"
Presenter: Sebastian Infante (Board of Governors)
Discussant: Borghan Narajabad (Board of Governors)
|4:00||"The Political Polarization Index"
Presenter: Marina Azzimonti (FRB-Philadelphia)
Discussant: Andrew Foerster (FRB-Kansas City)
|4:45||"The Magnitude of Menu Costs: A Structural Estimation"
Presenter: Andrea Stella (Board of Governors)
Discussant: Ed Knotek (FRB- Cleveland)
|5:30||Reception (Harborview Dining Room) 31st Floor|
Day Two - Friday, November 22, 2013
|8:45||"Fiscal Multipliers in a Nonlinear World"
Presenter: Mathias Trabandt (Board of Governors)
Discussant: Toni Braun (FRB-Atlanta)
|9:30||"Escaping the Great Recession"
Presenter: Leonardo Melosi (FRB- Chicago)
Discussant: Dario Caldara (Board of Governors)
|10:30||"Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation"
Presenter: Christian Matthes (FRB – Richmond)
Discussant: Ryan Chahrour (Boston College)
|11:15||"Central Bank Credibility and the Persistence of Inflation and Inflation Expectations"
Presenter: Scott Davis (FRB – Dallas)
Discussant: Keith Sill (FRB – Philadelphia)
|12:00 pm||"A Dynamic Model of Leverage and Interest Rates"
Presenter: David Rappoport (Board of Governors)
Discussant: Jianjun Miao (Boston University)
|12:45||Box lunch and adjourn|