Friday, March 6, 2009
| 8:10 A.M. | Continental Breakfast |
| 8:50 A.M. | Welcoming Remarks: Janet Yellen, Federal Reserve Bank of San Francisco |
| Morning Session Chair: John Fernald, Federal Reserve Bank of San Francisco | |
| 9:00 A.M. | Reset Price Inflation and the Impact of Monetary Policy Shocks(PDF – 394KB) |
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Presenters:
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Mark Bils, University of Rochester Peter Klenow, Stanford University Benjamin Malin, Federal Reserve Board |
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Discussants:
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Virgiliu Midrigan, New York University Ricardo Reis, Columbia University |
| 10:20 A.M. | Break |
| 10:40 A.M. | Estimating a Medium-Scale DSGE Model with Expectations Based on Small Forecasting Models (PDF – 946KB) |
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Presenters:
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Sergey Slobodyan, Charles University CERGE and Czech Economics Institute Raf Wouters, National Bank of Belgium |
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Discussants:
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Marco Del Negro, Federal Reserve Bank of New York George Evans, University of Oregon |
| 12:00 P.M. | Lunch — Market Street Dining Room, Fourth Floor |
| Afternoon Session Chair: Eric Swanson, Federal Reserve Bank of San Francisco | |
| 1:15 P.M. | A Monetary Business Cycle Model With Labor Market Frictions (PDF – 860KB) |
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Presenters:
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Lawrence Christiano, Northwestern University Mathias Trabandt, European Central Bank and Sveriges Riksbank Karl Walentin, Sveriges Riksbank |
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Discussants:
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Shin-Ichi Nishiyama, Bank of Canada Simon Gilchrist, Boston University |
| 2:35 P.M. | Break |
| 2:50 P.M. | Optimal Monetary Policy in a Model of the Credit Channel (PDF – 263KB) |
| Presenters: | Fiorella De Fiore, European Central Bank Oreste Tristani, European Central Bank |
| Discussants: | Vasco Cúrdia, Federal Reserve Bank of New York Tao Zha, Federal Reserve Bank of Atlanta |
| 4:10 | Break |
| 4:25 P.M. | Potential and Natural Output (PDF – 367KB) |
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Presenters:
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Alejandro Justiniano, Federal Reserve Bank of Chicago Giorgio Primiceri, Northwestern University |
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Discussants:
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John Leahy, New York University Carl Walsh, University of California, Santa Cruz |
| 5:45 P.M. | Reception – West Market Street Lounge, Fourth Floor |
| 6:30 P.M. | Dinner – Market Street Dining Room, Fourth Floor |
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Introduction:
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Janet Yellen, Federal Reserve Bank of San Francisco |
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Speaker:
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Eric Rosengren, Federal Reserve Bank of Boston |