12th Summer Workshop in Macroeconomics

Monday, June 20th - 9 AM to 7.30 PM (Paris time)

9 AM - Welcome and Coffee

9.30 AM -  Start of the workshop.

Session 1: Risks and Beliefs in Macroeconomics

9.30 - 10.25 AM - Isaac BALEY (UPF)
The Macroeconomics of Partial Irreversibility (with A. Blanco)

10.25 - 11.20 AM - Carlo GALLI (U. Carlos III)
Asset Purchases and Default-Inflation Risks in Noisy Financial Markets (joint with G. Gaballo)

11.20 AM - Coffee break

11.40 AM - 12.35 PM - Vania STAVRAKEVA (LBS)
Individual Beliefs, Demand for Currency and Exchange Rate Dynamics (joint with J. Tang)

12.35 - 1.50 PM - Buffet Lunch

Session 2: Policy in a Low Interest Rate Environment

1.50 - 2.45 PM - Klaus ADAM (U. Mannheim)
Subjective Housing Price Expectations, Falling Natural Rates and the Optimal Inflation Target (joint with O. Pfaeuti and T. Reinelt)

2.45 - 3.40 PM - Wei CUI (UCL)
A Ramsey Theory of Financial Distortions (joint with M. Basseto)

3.40 PM -  Coffee break

Session 3: Macroeconomics and Banking

4 - 4.55 PM - Olivier WANG (NYU Stern)
Zombie Lending and Policy Traps (joint with V. Acharya and S. Lenzu)

4.55 - 5.50 PM - Tommaso MONACELLI (Bocconi)
HBANK: Monetary Policy with Heterogeneous Banks (joint with M. Bellifemine and R. Jamilov)

7.30 PM -  Dinner