CESifo Area Conferences


Area Conference on Macro, Money & International Finance
Programme
Friday, 20 February 2009
Session 1
09:00 - 09:10	Welcome & Introduction
09:10 -10:00	Is Central Bank Communication Really Informative when Forecasting Interest Rate Decisions? New Evidence Based on a Taylor Rule Model for the ECB JAN EGBERT STURM and Jakob de Haan Discussant: Leif DANZIGER
10:00 - 10:50	Oil and the Euro Area Economy GERT PEERSMAN and Ine Van Robays Discussant: Michel Beine
10:50 - 11:10	Coffee Break
Session 2 CESifo Distinguished Affiliate Prize
11:10 - 11:40	3-Step Analysis of Public Finances Sustainability: The Case of the European Union CHRISTOPHE RAULT and Antonio Afonso
11:40 - 12:10	The Price of Liquidity: Bank Characteristics and Market Conditions Falko Fecht, Kjell G. Nyborg & JÖRG ROCHOLL
12:10-12:40	Testing Real Time Rationality KRISZTINA MOLNAR and Zoltan Reppa
12:40 - 13:50	Lunch
	Session 3
13:50-14:40	Uncertainty and Fiscal Policy in an Asymmetric Monetary Union CARSTEN HEFEKER and Blandine Zimmer Discussant: Jan Egbert STURM
14:40 - 15:30	Microfoundations of Staggered Wage Contracts LEIF DANZIGER Discussant: Gernot DOPPELHOFER
15:30 - 15:50	Coffee Break
15:50 - 16:40	The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty. Evidence From the US and the Euro Area CARLO ALTAVILLA and Matteo Ciccarelli Discussant: Gert PEERSMAN
	Session 4
16:40 - 17:30	The Euro and Inflation Uncertainty in the European Monetary Union GUGLIELMO MARIA CAPORALE and Alexandro Kontonikas Discussant: Timo WOLLMERSHAEUSER
17:30 - 18:20	Does the Canadian Economy Suffer from Dutch Disease? MICHEL BEINE, Charles Bos and Serge Coulombe Discussant: Guglielmo CAPORALE
Saturday, 21 February 2009
Session 5
09:00 - 09:50	KEYNOTE LECTURE: Real estate bubbles and credit booms: a comparative transatlantic perspective DANIEL GROS
09:50 - 10:40	Does Volatility Help Predict Exchange Rates? The Economic Valuation of a New Specification YIN-WONG CHEUNG and Giorgio Valente Discussant: Christophe RAULT
10:40 - 11:00	Coffee Break
Session 6
11:00 - 11:50	The Determinants of Economic Growth in European Regions GERNOT DOPPELHOFER, Jesus Crespo Cuaresma and Martin Feldkircher Discussant: Carlo ALTAVILLA
11:50 - 12:40	A Convex Hull Approach to Counterfacutal Analysis of Trade Openness and Growth MICHAEL FUNKE and Marc Gronwald Discussant: Frank WESTERMANN
12:40 - 14:00	Lunch
Session 7
14:00 - 14:50	Low Skill but High Volatility? CLAUDIA BUCH and Christian Pierdzioch Discussant: Michael FUNKE
14:50 - 15:40	Securitization of Mortgage Debt, Asset Prices and International Risk Sharing MATHIAS HOFFMANN and Thomas Nitschka Discussant: Yin-Wong CHEUNG
15:40 - 16:00	Coffee Break
Session 8
16:00 - 16:50	Endogenous Systemic Lidquidity Risk GERHARD ILLING and Jin Cao Discussant: Mathias HOFFMANN
16:50 - 17:40	Credit Market Imperfections, Financial Market Regulation and Business Cycles in Eastern Europe FRANK WESTERMANN und Katja Drechsel Discussant: Claudia BUCH
19:30	Conference Dinner at the Eisbach Restaurant

Area Conference on Macro, Money & International Finance

Programme

Area Conference on
Macro, Money & International Finance