Workshop: Modelling The Macroeconomy in Risky Times

Date: 
Monday, 8 July, 2019 - 12:00 to 18:00
Location: 
1 Brookings Dr, MO 63130 St. Louis
United States

 

 

 

Macroeconomics develops models to study interactions between agents in general equilibrium. It is therefore well suited to understanding scenarios and risks, as well as the impact policies or economic shocks can have on the economy and individual households. This workshop brings together leading policy-based researchers to outline various ways of capturing risk in macroeconomics.
The workshop will allow both for the presentation and discussion of results and approaches. It is suitable for economists from industry and the financial sector, as well as central banks and academics. It is being organised jointly by the National Institute of Economic and Social Research, the OMFIF Foundation, the Centre for Macroeconomics, the Federal Reserve Bank of St Louis, and the Olin School of Business. 

 

Agenda:

12:00 REGISTRATION AND LUNCH

13:00 OPENING REMARKS

Jim Bullard, President and Chief Executive Officer, Federal Reserve Bank of St Louis
Mark Taylor, Dean, Olin Business School, Washington University in St Louis

13:15 SESSION A: PRESENTATIONS

“Modelling Uncertain Times using a Global Model”
Arno Hantzsche and Garry Young (NIESR and Centre for Macroeconomics)

“Assessing Macroeconomic Tail Risk”
Francesca Loria (Federal Reserve Board), Christian Matthes (Federal Reserve Bank of Richmond) and Donghai Zhang (University of Bonn)

“Economic Policymakers’ Uncertainty”
Anna Cieslak (Duke University), Stephen Hansen and Michael McMahon (University of Oxford and Centre for Macroeconomics)

15:15

15:45 SESSION B: PRESENTATIONS

“Optimal Monetary Policy for the Masses”
James Bullard and Riccardo DiCecio (Federal Reserve Bank of St Louis)

“What Country Characteristics Drive Currency Premia?”
Ilias Filippou, David Rapach, Mark Taylor and Guofu Zhou (Olin Business School)

“Brexit, productivity growth and the equilibrium real interest rate”
Ben Broadbent, Federico Di Pace, Thomas Drechsel, Richard Harrison and
Silvana Tenreyro (Bank of England and Centre for Macroeconomics)

17:45  CLOSING REMARKS

Garry Young, Director of Macroeconomic Modelling and Forecasting, NIESR
David Marsh, Acting Chairman, OMFIF Foundation

 

Please note this event is by invitation only