2014

Current Macroeconomic Challenges: Productivity Issues, Optimal Growth, Market Imperfections, Price-wage Frictions …

Faculty of Economics, Sapienza University of Rome, March 7-8, 2014

Organizers: Giovanni Di Bartolomeo and Enrico Saltari (Sapienza University of Rome).

Venue: Edificio di Presidenza – Secondo piano – Sala delle Lauree – Facoltà di Economia – Sapienza Università degli Studi di Roma – via del Castro Laurenziano, 9. Roma 00161, Italia. Tel. +39(0)6/49.766.921, Fax +39(0)6-49.41.621

Friday – March, 7

13.30 Welcoming remarks

Giuseppe Ciccarone (Dean of the Faculty of Economics)

Silvia Fedeli (Chairman of the Department of Economics and Law)

14.00 Session 1 – Chair Rainer Klump (Goethe University, Frankfurt am Main)

• Olivier de La Grandville (Stanford University and Goethe University, Frankfurt am Main) Why is optimal growth theory mute? Restoring its rightful voice . Discussant: Daniela Federici (University of Cassino).

• Enrico Saltari (Sapienza University of Rome) with Daniela Federici (University of Cassino and Southern Lazio). Elasticity of substitution and technical progress: Is there a misspecification problem?. Discussant: Alessandra Pelloni (University of Rome Tor Vergata).

• 16.00 Coffee break

• Joseph Zeira (LUISS University) with Michele Battisti (University of Palermo), Gianfranco Di Vaio (Cassa Depositi e Prestiti) Global divergence and growth regressions. Discussant: Giuseppe De Arcangelis (Sapienza University of Rome).

• Robert S. Chirinko (University of Illinois), The substitution elasticity, growth theory, and the low-frequency panel model. Discussant: Pierpaolo Carmelo Parrello (Sapienza University of Rome).

• Lorenza Rossi (University of Pavia) with Carla La Croce (University of Pavia), Endogenous firms dynamics and banking in a DSGE framework. Discussant: Lilia Cavallari (University of Rome 3).

19.30 End of the session

20.30 Social dinner

Saturday – March, 8

9.00 Session 2 – Chair Robert S. Chirinko (University of Illinois)

• Rainer Klump (Goethe University, Frankfurt am Main) with Anne Jurkat (Goethe University, Frankfurt am Main), Monetary policy, factor substitution and the speed of convergence. Discussant: Alessandro Piergallini (University of Rome Tor Vergata).

• Giovanni Di Bartolomeo (Sapienza University of Rome) with Marco Di Pietro (Sapienza University of Rome), Price and wage inflation inertia under time-dependent adjustments. Discussant: Barbara Annicchiarico (University of Rome Tor Vergata).

• 11.00 Coffee break

• Peter McAdam (European Central Bank) with Alpo Willman (University of Kent), Unraveling the skill premium. Discussant: Fabrizio Colonna (Banca d’Italia).

• Clifford Wymer (Sapienza University of Rome) with Daniela Federici (University of Cassino), Enrico Saltari (Sapienza University of Rome), Modelling technical progress in a non-conventional way: The role of ICT. Discussant: Andrew Hughes Hallett (George Mason University).

13.30 End of the session and conference