Dynamic Stochastic General Equilibrium (DSGE) models workshop
Workshop on Friday 12 August 2005
The papers presented in this workshop examine Dynamic Stochastic General Equilibrium (DSGE) models. The distinguishing feature of these models is that the parameters reflect the preferences and constraints (both technological and institutional) faced by economic agents. The themes of the workshop include: monetary and fiscal policies, business cycles in small open economies and Bayesian estimation methods.
Conference Programme
Reserve Bank of New Zealand, Wellington, Friday 12 August 2005
|
8:30 |
Coffee |
|
8:50 |
Alan Bollard, Governor, Opening Comments |
|
Session Chair: Grant Spencer (RBNZ) |
|
|
9:00 |
Philip Liu (ANU, RBNZ) "A Small New Keynesian Model of the New Zealand Economy" (PDF 615KB) |
|
9:40 |
Discussant: John McDermott (ANZ National Bank) |
|
9:50 |
General Discussion |
|
10:00 |
Kirdan Lees (RBNZ) "Mind your Ps and Qs: Improving ARMA Forecasts with RBC Priors" (PDF 174KB), with Troy Matheson (RBNZ) |
|
10:40 |
Discussant: Stephen Burnell (Victoria University of Wellington) |
|
10:50 |
General Discussion |
|
11:00 |
Coffee |
|
Session Chair: David Hargreaves (RBNZ) |
|
|
11:30 |
Claudio Soto (Central Bank of Chile) "Model for Analysis and Simulations" (PDF 536KB), with Juan Pablo Medina (Central Bank of Chile) |
|
12:10 12:20 |
Discussant: Aaron Drew (RBNZ) General Discussion |
|
12:30 |
Lunch |
|
Session Chair: Shaun Vahey (RBNZ) |
|
|
2:00 |
Paul McNelis (Fordham University) "Fiscal and Trade Balances in a Model with Sticky Prices and Distortionary Taxes" (PDF 281KB), with Guay Lim (University of Melbourne) |
|
2:40 |
Discussant: Kunhong Kim (Victoria University of Wellington ) |
|
2:50 |
General Discussion |
|
3:00 |
Thomas Lubik (Johns Hopkins University) "A Simple, Structural, and Empirical Model of the Antipodean Transmission Mechanism" (PDF 543KB) |
|
3:40 |
Discussant: Guay Lim (University of Melbourne) |
|
3:50 |
General Discussion |
|
4:00 |
Coffee |
|
Session Chair: Aaron Drew (RBNZ) |
|
|
4:30 |
Timothy Kam (ANU) "Ramsey Fiscal and Monetary Policy under Sticky Prices and Liquid Bonds" (PDF 567KB), with Yifan Hu (University of Hong Kong) |
|
5:10 |
Discussant: Ana Maria Santacreu (NYU, RBNZ) |
|
5:20 |
General Discussion |
|
5:30 |
Workshop ends |
PARTICIPANTS
|
Name |
Affiliation |
|
|
1 |
John McDermott |
ANZ National Bank |
|
2 |
Dimitri Margaritis |
Auckland University of Technology |
|
3 |
Timothy Kam |
Australian National University |
|
4 |
Philip Liu |
Australian National University |
|
5 |
Claudio Soto |
Central Bank of Chile |
|
6 |
Paul McNelis |
Fordham University |
|
7 |
Thomas Lubik |
Johns Hopkins University |
|
8 |
Weshah Razzak |
Labour Market Policy Group |
|
9 |
Ana Maria Santacreu |
New York University |
|
10 |
Alan Bollard |
Reserve Bank of New Zealand |
|
11 |
Aaron Drew |
Reserve Bank of New Zealand |
|
12 |
Yuong Ha |
Reserve Bank of New Zealand |
|
13 |
David Hargreaves |
Reserve Bank of New Zealand |
|
14 |
Bernard Hodgetts |
Reserve Bank of New Zealand |
|
15 |
Ozer Karagedikli |
Reserve Bank of New Zealand |
|
16 |
Kirdan Lees |
Reserve Bank of New Zealand |
|
17 |
Troy Matheson |
Reserve Bank of New Zealand |
|
18 |
Anella Munro |
Reserve Bank of New Zealand |
|
19 |
Michael Reddell |
Reserve Bank of New Zealand |
|
20 |
Rishab Sethi |
Reserve Bank of New Zealand |
|
21 |
Christie Smith |
Reserve Bank of New Zealand |
|
22 |
Grant Spencer |
Reserve Bank of New Zealand |
|
23 |
Shaun Vahey |
Reserve Bank of New Zealand |
|
24 |
Bob Buckle |
The Treasury |
|
25 |
Kam Szeto |
The Treasury |
|
26 |
Debasis Bandyopadhyay |
University of Auckland |
|
27 |
Ian King |
University of Auckland |
|
28 |
Donggyu Sul |
University of Auckland |
|
29 |
Les Oxley |
University of Canterbury |
|
30 |
Guay Lim |
University of Melbourne |
|
31 |
David Fielding |
University of Otago |
|
32 |
Richard Dutu |
University of Waikato |
|
33 |
Stephen Burnell |
Victoria University of Wellington |
|
34 |
Chia-Ying Chang |
Victoria University of Wellington |
|
35 |
Peter Chang |
Victoria University of Wellington |
|
36 |
Viv Hall |
Victoria University of Wellington |
|
37 |
Kunhong Kim |
Victoria University of Wellington |
|
38 |
Yuliya Meshcheryakova |
Victoria University of Wellington |
|
39 |
Vladimir Petkov |
Victoria University of Wellington |
