Economic Research and Data

Conferences and Workshops

Registration and Hotel

For Further Conference Information

  • Research Department
  • Federal Reserve Bank of Cleveland
    P.O. Box 6387
    Cleveland, OH 44101-1387
  • t. 216-579-3111
    f. 216-579-3050

Workshop on Methods and Applications for Dynamic Stochastic General Equilibrium Models


October 12-13, 2007


Organized by Jesus Fernandez-Villaverde, Giorgio Primiceri, and Frank Schorfheide



Friday October 12, 2007

09:00 – 10:00


Housing Market Spillovers: Evidence from an Estimated DSGE Model

Matteo Iacoviello (Boston College) and Stefano Neri (Bank of Italy)

Discussant: Jesus Fernandez-Villaverde (University of Pennsylvania)

10:00 – 10:30


Coffee Break


10:30 – 11:30


Efficiency Wages and Aggregate Fluctuations: A Non-Walrasian
Labor Market Model for Monetary Policy

Chris Otrok and Eric Young (University of Virginia)

Discussant: Juan Rubio-Ramirez (Duke)


11:30 – 12:30


How Much Inflation Is Necessary to Grease the Wheels?

Jinill Kim (Board of Governors) and Francisco Ruge-Murcia (University of Montreal)

Discussant: Emi Nakamura (Columbia University and Federal Reserve Bank of New York)


12:30 – 02:00


Lunch Break

02:00 – 03:00


How Much Do We Learn from Estimating DSGE Models?

Nikolay Iskrev (University of Michigan)

Discussant: Alejandro Justiniano (Board of Governors)

03:00 – 04:00


What You Match Does Matter: The Effects of Data on DSGE Model Estimation

Pablo Guerron-Quintana (North Carolina State University)

Discussant: Marc Giannoni (Columbia)


04:00 – 04:30


Coffee Break

04:30 – 05:30


Insights from an Estimated Search-Based Monetary Model

Boragan Aruoba (University of Maryland) and Frank Schorfheide (University of Pennsylvania)

Discussant: Peter Ireland (Boston College)




Saturday, October 13, 2007


09:00 – 10:00


Learning the Wealth of Nations

Francisco Buera (Northwestern University), Alexander Monge-Naranjo (Northwestern University), and Giorgio Primiceri (Northwestern University)

Discussant: Tao Zha (Federal Reserve Bank of Atlanta)


10:00 – 10:30


Coffee Break

10:30 – 11:30


Bayesian VARs with Large Panels

Domenico Giannone (European Central Bank) and Lucrezia Reichlin (European Central Bank):

Discussant: Barbara Rossi (Duke University)


11:30 – 12:30


Projection Minimum Distance: An Estimator for Dynamic Macroeconomic Models

Oscar Jorda (University of California at Davis) and Sharon Kozicki (Bank of Canada )

Discussant: Dennis Kristensen (Columbia University)


12:30 – 02:00


Lunch / Departure


Authors / Discussants

Author/Discussant   E-mail Address
Aruoba, Boragan
University of Maryland
Buera, Francisco
Northwestern University
Fernandez-Villaverde, Jesus
University of Pennsylvania
Giannone, Domenico
European Central Bank
Giannoni, Marc
Columbia University
Guerron-Quintana, Pablo
North Carolina State University
Iacoviello, Matteo
Boston College
Ireland , Peter
Boston College
Iskrev, Nikolay
University of Michigan
Jorda, Oscar
UC Davis
Justiniano, Alejandro
Federal Reserve Board
Kim, Jinill
Federal Reserve Board
Kristensen, Dennis
Columbia University
Lopez-Salido, David
Federal Reserve Board
Otrok, Chris
Nakamura, Emi
Columbia University and Federal Reserve Bank of New York
Neri, Stefano
Bank of Italy
Primiceri, Giorgio
Northwestern University
Rossi, Barbara
Duke University
Rubio-Ramirez, Juan
Duke University
Schorfheide, Frank
University of Pennsylvania
Sill, Keith
Federal Reserve Bank of Philadelphia
Tambalotti, Andrea
NY Fed
Young, Eric
Zha, Tao
FRB Atlanta