Models and Policies for Economies with Credit and Financial Instability

Conference held October 15, 2009, at the Federal Reserve Bank of Cleveland

Papers Presented

Asset Prices, Credit Constraints, and Macroeconomic Fluctuations 

Tao Zha, Federal Reserve Bank of Atlanta (with Liu and Wang)

Discussant
Alberto Ortiz-Bolanos, Oberlin College

Confidence, Crashes, and Animal Spirits

Roger Farmer, University of California, Los Angeles

Discussant
Katrin Assenmacher-Wesche, Swiss National Bank

Financial Factors in Business Cycles 

Larry Christiano, Northwestern, (with Motto and Rostagno)

Discussant
Rhys Mendes, Bank of Canada

Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis

Peter Howitt, Brown University (with Quamrul Ashraf and Boris Gershman)

Discussant
Robert Tetlow, Board of Governors of the Federal Reserve System

Modeling Monetary Policy 

Andreas Schabert, Technische Univesitat Dortmund (with Samuel Reynard)

Discussant
James Nason, Federal Reserve Bank of Atlanta

 

The Role of Bank Capital in the Propagation of Shocks 

Cesaire Meh (with K. Moran)

Discussant
Skander Van Den Heuvel, Board of Governors of the Federal Reserve System

Financial Structure and the Impact of Monetary Policy on Property Prices

Katrin Assenmacher-Wesche (with S. Gerlach)

Discussant
Sharon Kozicki, Bank of Canada

Macroeconomic Effects of Financial Shocks 

Vincenzo Quadrini (with Jermann)

Discussant
Pedro Amaral, Federal Reserve Bank of Cleveland

Optimal Monetary Policy in a Model with Agency Costs 

Charles Carlstrom, Federal Reserve Bank of Cleveland (with M. Pustian and T. Fuerst)

Discussant
Sanjay Chugh, University of Maryland