The conference will start at 8:30 a.m.
 on October 19,
  and end at
2:30 p.m. on October 20


HEC Montréal
3000 chemin de la Côte-Sainte-Catherine
Standard Life Room (1st Floor and Amphitheater IBM - RC Floor)
 

Conference dinner
(On invitation)
 Friday, October 19 at 6:30 p.m.


Program
 

 
 
 
   
   

Conference

   

Business Cycles, International Transmission
 and Macroeconomic Policies

    Organizers:
Jean Boivin, Hafedh Bouakez, Michel Normandin and Nicolas Vincent

 
    Friday - October 19, 2007 - Standard Life
    8:30 - 10:00 : Pricing Behavior
     
Information-Constrained State-Dependent, Pricing
Michael Woodford (Columbia University)
Discussant: John Leahy (New York University)
 
     
Endogenous Information Menu Costs and Inflation Persistence
Yuriy Gorodnichenko (University of California at Berkeley)
Discussant: Nicolas Vincent (HEC Montréal)
 
    10:00 - 10:30    Pause
    10:30 - 12:00 : Empirical Evidence on Inflation and Prices
     
A Measure of "Pure" Inflation (with Ricardo Reis)
Mark Watson (Princeton University)
Discussant: Francisco Ruge-Murcia (University of Montréal)

 
     
Rigid Prices: Evidence from US Scanner Data

Jeff Campbell (Federal Reserve Bank of Chicago)
Discussant: Oleksiy Kryvtsov (Bank of Canada)
 
    12:00 - 13:30    Lunch
    13:30 - 15:00 : International Trade and Asset Prices
     
International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
(with Jian Wang)
Charles Engle (Unversity of Wisconsin)
Discussant: Jonathan Heathcote (Federal Reserve Board)

 
     
Leads, Lags and Logs: Asset Prices in Business Cycle Analysis
(with Byran Routledge and Stanley Zin)
David Backus (New York University
Discussant: Paul Gomme (Concordia University)

 
    15:00 - 15:30    Pause
    15:30 - 17:00 : Great Moderation
     
On the Sources of the Great Moderation
(with Luca Gambetti)
Jordi Gali (Universitat Pompeu Fabra and CREI)
Discussant: Sharon Kozicki (Bank of Canada)

 
     
The Great Moderation and the US External Imbalances
(with Alessandra Fogli)
Fabrizio Perri (University of Minnesota)
Discussant: André Kurman (UQAM)

 
    Saturday - October 20, 2007 - Standard Life
    8:30 - 10:00 : International
     
Optimal Pass-Through of Oil Prices
(with Nooman Rebei and Désiré Vencatachellum)

Hafedh Bouakez (HEC Montréal, Cirpée)
Discussant: Paolo Pesenti (Federal Reserve Bank of New York)
 
     
Financial Globalization and Monetary Policy (with Alan Sutherland)
Michael Devereux (University of British Columbia)
Discussant: Sylvain Leduc (Federal Reserve Board)

 
    10:00 - 10:30    Pause
    10:30 - 12:00 : Fiscal Policy
     
Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation
Russell Cooper (University of Texas)
Discussant: Pierre Yared (Columbia University)
 
     
In Search of the Transmission Mechanism of Fiscal Policy
Roberto Perotti (Bocconi)
Discussant: Kevin Moran (Université Laval, CIRPÉE)
 
    12:00 - 13:00    Lunch
    Saturday - October 20, 2007 - Amphitheater IBM
    13:00 - 14:30 : Panel on Monetary Policy
    Presentation
Michel Patry (Director of HEC Montréal)

Panel on Monetary Policy
Moderator: 
Daniel Racette (HEC Montréal)

Modern Central Banking: A Canadian Perspective
Les banques centrales modernes : une perspective canadienne

Paul Jenkins
(Senior Deputy Governor, Bank of Canada)

Headline versus Core Inflation in the Conduct of Monetary Policy
Frederic Mishkin (Governor, Federal Reserve Board)

Notes on Monetary Policy
David Laidler
(University of Western Ontario)

Some Remarks on the Theory of Optimal Monetary Policy
Marc Giannoni
(Columbia University)
 

   
         
   
    Last updated: October 22, 2007
© HEC Montréal, 2007.
All rights reserved.

HEC Montréal