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Macroeconomic workshop 2015

This September 2015 workshop was divided into 4 sessions and discusses international macro, macro-finance and empirical macro.

Past Event
Reserve Bank of New Zealand


Session 1: International macro

Exchange rates, expected returns and risk: UIP unbound
Presented by: Anella Munro (Reserve Bank of New Zealand)

What drives real exchange rate fluctuations at the business cycle frequencies?
Presented by: Fang Yao (Reserve Bank of New Zealand) and Britta Gehrke (Friedrich-Alexander University Erlangen-Nürnberg)

Commodity prices and labour market dynamics in small open economies
Presented by: Martin Bodenstein (National University of Singapore), Gunes Kamber (Reserve Bank of New Zealand) and Christoph Thoenissen (University of Sheffield)

Session 2

The equilibrium real funds rate: past, present and future
Presented by: Kenneth D West (University of Wisconsin)

Session 3: Macro-finance

Measuring the stance of monetary policy in conventional and unconventional environments
Presented by: Leo Krippner, Michelle Lewis and Benjamin Wong (Reserve Bank of New Zealand)

Forecasting with macro-finance models: Applications to United States and New Zealand
Presented by: Michelle Lewis (Reserve Bank of New Zealand)

Session 4: Empirical macro

Are Beveridge Nelson trend-cycle decompositions useful for policy analysis?
Presented by: Gunes Kamber (Reserve Bank of New Zealand), James Morley (University of New South Wales) and Benjamin Wong (Reserve Bank of New Zealand)

Global inflation: The role of food, housing and energy prices
Presented by: Miles Parker (Reserve Bank of New Zealand)