Friday, March 1
4th Floor Central Conference Room
Morning Session Chair: JACK BEEBE, Federal Reserve Bank of San Francisco |
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| 8:00 A.M. |
Continental Breakfast |
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| 8:55 A.M. |
Welcoming Remarks:
ROBERT PARRY, President,
Federal Reserve Bank of San Francisco
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| 9:00 A.M. |
ERIC LEEPER, Indiana University
TAO ZHA, Federal Reserve Bank of Atlanta
Empirical
Analysis of Policy Interventions (PDF - 366KB) |
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Discussants:
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KEVIN HOOVER, University of California, Davis
SHARON KOZICKI, Federal Reserve Bank of Kansas City |
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| 10:30 A.M. |
Break |
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| 11:00 A.M. |
FRANK SMETS, European Central Bank
RAF WOUTERS, National Bank of Belgium
Monetary
Policy in an Estimated Stochastic Dynamic General Equilibrium Model
of the Euro Area (PDF - 447KB) |
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Discussants:
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PETER IRELAND, Boston College
LARS SVENSSON, Princeton University |
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| Market Street Dining Room |
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| 12:30 P.M. |
Lunch |
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4th Floor Central Conference Room
Afternoon Session Chair: GLENN RUDEBUSCH, Federal Reserve Bank of
San Francisco |
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| 1:45 P.M. |
ARGIA SBORDONE, Rutgers University
An Optimizing
Model of U.S. Wage and Price Dynamics (PDF - 848KB) |
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Discussant:
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JEFFREY FUHRER, Federal Reserve Bank of Boston |
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| 2:45 P.M. |
Break |
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| 3:00 P.M. |
JEREMY RUDD, Federal Reserve Board
KARL WHELAN, Federal Reserve Board
Should
Monetary Policy Target Labor's Share of Income? (PDF -
208KB) |
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Discussant:
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JOHN LEAHY, Boston University |
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| 4:00 P.M. |
Break |
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| 4:15 P.M. |
KATHARINE NEISS, Bank of England
EDWARD NELSON, Bank of England
Inflation Dynamics,
Marginal Cost, and the Output Gap: Evidence from Three Countries
(161KB - PDF file) |
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Discussant:
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ROBERT GORDON, Northwestern University |
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| 5:15 P.M. |
General discussion of wage and price modeling |
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| Market Street Lounge |
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5:45 P.M.
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Reception |
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| 6:30 P.M. |
Dinner |
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Introduction:
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ROBERT PARRY, Federal Reserve Bank of San Francisco |
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Speaker:
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FREDERIC MISHKIN, Columbia University |
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Saturday, March 2
4th Floor Central Conference Room
Morning Session Chair: GLENN RUDEBUSCH, Federal Reserve Bank of San
Francisco |
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| 8:00 A.M. |
Continental Breakfast |
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| 8:45 A.M. |
CHRISTOPHER SIMS, Princeton University
TAO ZHA, Federal Reserve Bank of Atlanta
Macroeconomic
Switching (PDF - 291KB)
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Discussants:
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JAMES HAMILTON, University of California, San Diego
EDWARD LEAMER, University of California, Los Angeles |
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| 10:15 A.M. |
Break |
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| 10:30 A.M. |
Panel:
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What is a good macroeconomic model for a central bank to use? |
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Discussants:
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LAWRENCE CHRISTIANO, Northwestern University
ADRIAN PAGAN, Australian National University, Written
Comments (PDF - 70KB)
DAVE STOCKTON, Federal Reserve Board, Written
Comments (PDF - 22KB)
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| 12:00 P.M. |
Buffet Lunch |
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