Vienna Macroeconomics Workshop 2008

Fifth Annual Vienna
Macroeconomic Workshop on Current Topics in
Macroeconomic Theory and Policy

Program for 2008: Oct. 17 - 18 at the
Institute for Advanced Studies (IHS)
Vienna, Austria

Organized by

David Andolfatto (SFU)
Martin Gervais (Southampton)
Gabe Lee (Regensburg and IHS)
Last Update: October 16, 2008

The goal of this two-day workshop is to cover a wide range of current issues in macroeconomic theory and policy. The workshop will provide an ideal venue for those interested in presenting preliminary ideas and receiving comments from an eclectic group of researchers. We're aiming to have an open environment where new ideas could be freely exchanged.

For the information regarding the workshop logistics, please contact Ms. Marion Kelemen at
Department of Economics and Finance
Institute for Advanced Studies (IHS)
Stumpergasse 56 1060 Vienna, Austria

Tel. +43-(0)1-59991-145 Fax. +43(0)1-59991-163 Email: mkelemen@ihs.ac.at

Accommodation: Please inform Marion of if you have further questions about your accommodation matters.

How to get to the IHS/Intercity Hotel:

Info on the Web

Taxi: will costs you approximately €30 - €35.
Train: Take either the S7 or the City Airport Train (CAT), then get off at the "Wien/Mitte City" station. Then take the U3 subway to the Westbahnhof stop. From the Westbahnhof, walk 5 minutes in the direction of the "Mariahilferstrasse".
Bus: Take the bus that goes to the "Westbahnhof".
For the time schedule and other information, please see the link above.

For comments and suggestions, please send us an email: gabriel.lee@wiwi.uni-regensburg.de or dandolfa@sfu.ca or Martin.Gervais@soton.ac.uk

Previous years' workshops are under: http://www.sfu.ca/~dandolfa/Wien.htm

Note: The papers will be updated as they come.

Thursday, October 16

7:30 p.m.: Reception at the Plutzerbräu (Stiftgasse/Schrankgasse 4/4, 1070 Wien)

(tables reserved under "IHS/Lee")

Friday, 17 October 2008

To commemorate the 5th Annual Vienna Macroeconomic Conference, "starting" this year, the organizers decided to have the "Wallner's Razor" -- an award handed out to the workshop's most outstanding critic. The organizers also have decided that the inaugural recipient (retroactively) is Chris Wallner (sic)2007! Congratulations!

9:30	*Registration*
9:50-10:00	*Opening Remarks by Walter Fisher (IHS)*
10:00-10:50	*Aleksander Berentsen (**Basel) and Chris Waller (Notre Dame)	“Optimal Stabilization Policy with Endogenous Firm Entry"
10:50-11:00		Discussant: Allen Head (Queen's)
11:10-12:00	Gabriele Camera* (Iowa) and Cemil Selcuk (DePaul)	“Price Dispersion with Directed Search”
12:00-12:10		Discussant: Ted Temzelides (Rice)

12:20-13:20	*Lunch*

13:20-14:20	Francesca Carapella (EIEF)	“Banking panics and deflation in dynamic general equilibrium ”
14:20-14:30		Discussant: Gerhard Sorger, Univ Wien
14:40-15:30	Huw Loyd-Ellis* and Allen Head, (Queen’s University)	“Housing liquidity, Home Ownership and Unemployment ”
15:30-15:40		Discussant: Morris Davis (Wisconsin)
15:50-16:40	Marie Hoerova* (ECB), Cyril Monnet (FRB Philadelphia) and Ted Temzelides (Rice)	“Money Talks”
16:40-16:50		Discussant: Harris Dellas, (Bern)
17:00-17:50	Alex Karaivanov* (SFU) and Robert M. Townsend (MIT and Chicago)	“Enterprise Dynamics and Finance: Distinguishing Mechanism Design from Exogenously Incomplete Markets Models”
17:50-18:00		Discussant: Jim MacGee (UWO)
18:10-19:00	Sevi Rodrigez-Mora* (Edinburgh) and John Hassler (IIES and CEPR)	“Political commitment and loss aversion"
19:00-19:10		Discussant: Luis Puch (Bank of Spain)

20:30	Dinner	Glacis Beisl at the MuseumsQuartier Wien - MQ Wien (Address • 1070 Wien, MuseumsQuartier / Entrance at the Breite Gasse 4)

Saturday, 18 October 2008

9:30	*Registration*

10:00-10:50	Giovanni Gallipoli* (UBC), Costas Meghir (UCL and IFS) and Giovanni L. Violante (NYU and CEPR)	“Equilibrium Effects of Education Policies: a Quantitative Evaluation”
10:50-11:00		Discussant: John Knowles (Southhampton)
11:10-12:00	Andre Kurmann (UQAM and CIRPÉE)	“Holdups and Overinvestment in Physical Capital Markets”
12:00-12:10		Discussant: Michael Reiter (IHS)

12:20-13:20	*Lunch*

13:20-14:20	Paul Gomme* (Concordia) and Emanuela Cardia (Montreal and CIREQ)	“The Household Revolution: Child-care, House-work, and Female Labor Force Participation”
14:20-14:30		Discussant: Alice Schoonbroodt (Southampton)
14:40-15:30	Thorsten Koeppl* (Queens), Cyril Monnet (FRB Philadelphia) and Erwan Quintin (FRB Dallas)	“The Poor, the Rich, and the Enforcer: Institutional Choice and Growth”
15:30-15:40		Discussant: J.C. Conesa (Autonoma)
15:50-16:40	Huberto Ennis* (Carlos III) and Todd Keiser (FRB N.Y.)	“Run Equilibria in a Model of Financial Intermediation”
16:40-16:50		Discussant: Igor Livshits (UWO)
17:00-17:50	*David DeJong,** Hariharan Dharmarajan, Jean-François Richard (Pittsburg), and Roman Liesenfeld (Kiel)	“An Efficient Approach to Analyzing State-Space Representations"
17:50-18:00		Discussant: Hiro Kasahara (UWO)
18:10-19:00	Shouyong Shi* (Toronto) and Guido Menzio (Penn)	"Efficient Search on the Job and the Business Cycle”
19:00-19:10		Discussant: Thijs van Rens (CREI) and (UPF)
19:10-19:20	General Discussion and Wrap Up
20:30	Dinner	Ella’s (Judenplazt 9-10, 1010 Wien)

* Presenters

Other Participants/Reserved Discussants: David Andolfatto (SFU), Martin Gervais (Southampton), Gabe Lee (Regensburg/IHS), Walter Fisher (IHS), Christian Haefke (IHS), Vally Koubi (Bern, ETHZ), Victor Dorofeenko (IHS), Christian Bauer (LMU), Oke Roehe (Regensburg), Markus Knell (Austrian National Bank), Paul Pichler (Wien)