The Department of Economics and the Department of Banking and Finance at Monash Business School hosted a one-day Macro/Finance workshop on 11 April 2017.

International speakers include James Bullard (President of the St Louis Fed), Kevin Lansing (San Francisco Fed), and Raoul Minetti (Michigan State University). Domestic speakers included Mardi Dungey (U. of Tasmania), James Morley (UNSW), Zhongyan Zhu (Monash Banking and Finance), Giovanni Caggiano (Monash Economics).

We (i.e. Efrem Castelnuovo and Giovanni Caggiano) also arranged a very (very!) interesting panel on DSGE models in Central banks and financial frictions, thanks to the kind participation of Christie Smith (RBNZ, Research Manager), Daniel Rees (RBA, Head of Macroeconomic Modeling), and Chris Gibbs (UNSW, an academic with the ‘right’ expertise).

It’s the 2nd  time we organize this workshop at Monash and I cannot be more pleased with the outcome, despite the obvious huge amount works, which partially explains why I haven’t posted much lately.

I had a great time, learned a great deal, and hopefully we can have a third iteration next year.  Thanks to all organizers and participants, good stuff!!

Also, I now have some ideas for a few graphs  based on what I’ve seen… coming soon…

Here’s the program with some links to available papers.


Monash Macro/Finance Workshop – 11 April 2017

 Jointly hosted by the Department of Banking and Finance and the

Department of Economics, Monash Business School


Introductory remarks – Prof. Christine Brown (Head of Banking and Finance Department, Monash Business School)


Plenary speaker

Pres. James Bullard (Federal Reserve Bank of St. Louis) Incomplete Credit Markets and Monetary Policy with Heterogeneous Labor Supply (with Aarti Singh)


Sessions

Prof. Raoul Minetti (Michigan State University) No Pain No Gain. Multinational Banks in the Business Cycle (with Qingqing Cao and Mariapia Olivero)


Dr. Zhongyan Zhu (Monash University) Liquidity Provision and the Transmission of Systemic Risk (with Christian Lundblad)

Prof. Mardi Dungey (University of Tasmania) The Changing International Network of Sovereign Debt and Financial Institutions (with John Harvey and Vladimir Volkov)


Prof. James Morley (UNSW) When Are Discretionary Changes in Government Spending or Taxes Most Effective? (with Steve Fazzari and Irina Panovska)

A/Prof. Giovanni Caggiano (Monash University) Time-dependent Finance-Uncertainty Multiplier (with Efrem Castelnuovo, Silvia Delrio, and Tim Robinson)         


Dr. Kevin Lansing (Federal Reserve Bank of San Francisco) Endogenous Regime Shifts in a New Keynesian Model with a Time-varying Natural Rate of Interest


Roundtable discussion:

DSGE Models in Central Banks and Financial Frictions

Chair: Prof. Efrem Castelnuovo (University of Melbourne)

Dr. Daniel Rees (Reserve Bank of Australia)

Dr. Christie Smith (Reserve Bank of New Zealand)

Dr. Christopher Gibbs (UNSW)


Organising Committee:

Silvio Contessi

Giovanni Caggiano

Qingyuan Du

Sephorah Mangin

Solmaz Moslehi


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