The Anglo-French-Italian Macroeconomics Workshop 2011

17-18 June 2011

Final Programme

 June, the 17th: Università Cattolica, Room Bontadini, Largo Gemelli 1, Milano.

• 11.15 Opening: Welcome by Marco Lossani, Chair of I.T.E.M.Q 

• 11.30 Guido Ascari (University of Pavia and IfW)Trend Inflation, Wage Indexation, and Determinacy in the U.S. (with Nicola Branzoli, University of WisconsinMadison, and Efrem Castelnuovo, University of Padova)

Discussant: Eric Girardin (GREQAM)

• 12.15 Hubert Kempf (Banque de France and Paris School of Economics) Deposit Insurance Without Commitment: Wall St. Versus Main St. (with Russel Cooper, EUI)

Discussant: Angelo Baglioni (Catholic University of Milan)

• 13.00 Lunch 

• 14.30 Luigi Paciello (E.I.E.F.) Monetary Policy, Doubts and Asset Prices (with Pierpaolo Benigno, Luiss Guido Carli)

Discussant: Patrizio Tirelli (University of Milano Bicocca)

• 15.15 Stéphane Auray (CNRS-THEMA and Universites Lille Nord de France) Investment, Matching and Persistence in a Modified Cash-in-Advance Economy (with Beatriz de Blas, Universidad Autonoma de Madrid)

Discussant: Marcello Miccoli (Stanford University)

• 16.00 Coffee Break

• 16.30 Andrea Colciago (University of Milano Bicocca) Endogenous Market Structures and Labor Market Dynamics (with Lorenza Rossi, University of Pavia)

Discussant: Alessio Moro (University of Cagliari)

• 17.15 Carmela D'Avino (Banque de France) Commercial Banks' Liquidity Creation: the Effect of Global High-powered Money and Cross-Border Interbank Debt (with Eric Girardin, GREQAM, and L. Vanessa Smith, University of Cambridge)

Discussant: Dudley Cooke (University of Exeter)

• 20.00 Dinner

• 08.45 Welcome Coffee 

• 09.15 Tiziana Assenza (Catholic University of Milan and University of Amsterdam) Individual Expectations and Aggregate Macro Behavior (with Peter Heemeijerc, De Nederlandsche Bank, Cars Hommes andDomenico Massaro, University of Amsterdam)

Discussant: Edoardo Gaffeo (University of Trento)

• 10.00 John Driffill (Birkbeck College, University of London) Liquidity Shocks with Real Effects (with Marcus Miller, University of Warwick)

Discussant: Emiliano Santoro (Catholic University of Milan)

• 10.45 Coffee Break

• 11.15 Dudley Cooke (University of Exeter) Monetary Policy and the Extensive Margin of Exports

Discussant: Alessandro Flamini (University of Pavia)

• 12.00 Michal Horvath (University of Oxford) Savings, Inequality and Automatic Stabilization (with Charles Nolan, University of Glasgow)

Discussant: Marco Maffezzoli (Bocconi University)

• 12.45 Edouard Challe (Ecole Polytechnique and Banque de France) Precautionary Saving over the Business Cycle (with Xavier Ragot, Banque de France)

Discussant: Nicola Pavoni (Bocconi University)

• 13.30 Lunch

• 14.30 Keynote Speech : Carlo Favero (Deutsche Bank Chair in Quantitative Finance and Asset Pricing, Bocconi University, CEPR, and IGIER) Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy (with F. Giavazzi, Bocconi University, and J. Perego, Bocconi University)

Scientific committee

Huw Dixon (Cardiff Business School), Gianluca Femminis (Catholic University of Milan), Eric Girardin (GREQAM), Marco Maffezzoli (Bocconi University and IGIER)

Local organisers:

Gianluca Femminis (Catholic University of Milan), Marco Maffezzoli (Bocconi University and IGIER)

Financial support:

Università Commerciale L. Bocconi - Ettore Bocconi Department of Economics

European Community's project "Monetary, Fiscal and Structural Policies with Heterogeneous Agents (POLHIA)"

Ettore Bocconi Department of Economics Bocconi University; phone: +39 02 58365329 email: AFI2011@unibocconi.it

Institute of Economic Theory and Quantitative Methods Catholic University; phone: +39 02 72342918, email: ist.temq@unicatt.it