Program for Vienna Macroeconomics Workshop 2015

Greenhorn Session

1. Fiscal Games On a Monetary Turf: How Financial Market Conditions Determine The Supply of Liquid Assets

Lucas Herrenbrueck* (SFU) and Athanasios Geromichalos (UC, Davis)

2. A New Look at Uncertainty Shocks: Imperfect Information and Misallocation

Tatsuro Senga* (Queen Mary)

3. Housing, Mortgages, and Self Control

Kathrin Schlafmann (IIES, Stockholm)

4. Parental Time Investment and Human Capital Formation: A Quantitative Analysis of Intergenerational Mobility

Minchul Yum (Mannheim)

5. Opening the Red Budget Box: Nonlinear Effects of a Tax Shock in the UK

Valentina Colombo (Univ. Padova)

6. A Missing Generation of Firms? Aggregate Effects of the Decline in New Business Formation

Francois Gourio (Chicago Fed.), Todd Messer (Chicago Fed.), and Michael Siemer (Board of Governors)

Regular Session

7. Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis

Anton (Toni) Braun (FRB Atlanta)* and Tomoyuki Nakajima (Kyoto University)

Discussant: Espen Henniksen (UC Davis)

Published in Review of Economic Dynamics, 2018, 29: 235-255.

8. Segmentation of Information and Unsecured Credit

Manolis Galenianos (Royal Holloway)* and Jaromir B. Nosal (Columbia)

Discussant: Igor Livshits (UWO)

9. Explaining Cross-Cohort Differences in Life Cycle Earnings

Guillaume Vandenbroucke (FRB St. Louis)* , Yu-Chien Kong (La Trobe University, and B. Ravikumar (FRB St. Louis)

Discussant: Todd Schoellman (ASU)

Published in European Economic Review, 2018, 107: 157-184

10. Uncertainty Shocks Are Aggregate Demand Shocks

Sylvain LeDuc (FRB S.F.) and Zheng Liu (FRB S.F.)*

Discussant: Michael Reiter (IHS)

Published in Journal of Monetary Economics, 2016, 82(C): 20-35.

11. A Dynamic Quantitative Macroeconomic Model of Bank Runs

Elena Mattana (Catholique de Louivan – CORE) and Ettore Panetti (Bank of Portugal)*

Discussant: Aleksander Berentsen (Basel)

12. The Cost of Uncertainty about the Timing of Social Security Reform

Frank N. Caliendo (Utah S.), Aspen Gorry (Utah S.)*, Sita Slavov (George Mason)

Discussant: Laurence Ales (CMU)

Published in European Economic Review, 2019, 118: 101-125.

13. Accounting for the Sources of Macroeconomic Tail Risks

Enghin Atalay (Wisconsis) and Thorsten Drautzburg* (FRB Philladelphia)

Discussant: Wei Cui (UCL)

Published in Economics Letters, April 2018, 165: 65-69.

14. Screening and Adverse Selection in Frictional Markets

Benjamin Lester (FRB Philadelphia), Venky Venkateswaran (NYU – Stern), Ali Shourideh (Pennsylvania – Wharton), and Ariel Zetlin-Jones (CMU)*

Discussant: Derek Stacey (Ryerson)

Published in Journal of Political Economy, 2019, 127.1: 338-377

15. The Impact of Adverse Selection on Credit and Liquidity Creation

Pamela Labadie (GWU)

Discussant: Alexander Karaivanov (SFU)

16. Natural Resources and Global Misallocation

Alexander Monge-Naranjo (FRB St. Louis)*, Juan M. Sanchez (FRB St. Louis), and Raul Santaeulalia-Llopis (Wash. U)

Discussant: Giovanni Gallipoli (UBC)

Published in American Economic Journal-Macroeconomics, 2019, 11.2: 79-126

17. Monetary Union with a Single Currency and Imperfect Credit Market Integration

Vincent Bignon (Bank of France), Régis Breton (Bank of Frnace) and Mariana Rojas Breu (Paris, Dauphine)*

Discussant: Borghan Narajabad (Board of Governors)

Forthcoming in International Economic Review

18. Interest on Reserves, Interbank Lending, and Monetary Policy

Steve Williamson (FRB St. Louis)

Discussant: Ed Nosal (FRB Chicago )

Published in Journal of Monetary Economics, 2019, 101: 14-30

Official Participants: (as of October 5, 2015)

Harris Dellas (Bern), Chris Waller (FRB St. Louis), Henry Siu (UBC), David Andolfatto (FRB St. Louis and SFU), Martin Gervais (Iowa), Gabe Lee (Regensburg/IHS), Ludo Visschers (Edingburgh), Sevi Mora (Edingburgh), Antonia Diaz (Carlos III), Johannes Strobel (Regensburg), Roman Sustek (Queen Mary), Ctirad Slavik (Frankfurt), Magrita Rubio (Nottingham), Christos Koulovatianos (Luxembourg), Binh Tahn (Regensburg), Fernando Martin (FRB St. Louis), Claire Reicher (Kiel), Giulio Fella (Queen Mary), José Carrasco-Gallego (Portsmouth B.School), Alessandro Marchesiani (Minho), Susanne Forstner (Aachen), Vincent Bignon (Banque de France), Marina Markheim (Regensburg), Simas Kuciskas (Amsterdam), Regis Breton (Banque de France), Emilio Espino (di Tella)