Macroeconomic workshop

Date: 16 September 2015
Location: Reserve Bank of New Zealand, Level 2 Seminar Room
Presentations: 35 min (25 min plus 10 min discussion)

Programme

8:45am

Coffee

Session 1

International Macro

9:00am

Welcome

9:10am

Exchange Rates, Expected Returns and Risk: UIP Unbound


Anella Munro (RBNZ)

9:45am

What Drives Real Exchange Rate Fluctuations at the Business Cycle Frequencies?


Fang Yao (RBNZ) and Britta Gehrke (Friedrich-Alexander University Erlangen-Nürnberg)

10:20am

Commodity Prices and Labour Market Dynamics in Small Open Economies


Martin Bodenstein (National University of Singapore); Gunes Kamber (RBNZ); Christoph Thoenissen (University of Sheffield)

10:55am

Morning tea

Session 2

Keynote 1 hour - 50 mins plus 10 mins discussion

11:15am

The Equilibrium Real Funds Rate: Past, Present and Future


Kenneth D. West (University of Wisconsin)


Location: RBNZ Museum

12:15pm

Lunch

Session 3

Macro-finance

1:30pm

Measuring the Stance of Monetary Policy in Conventional and Unconventional Environments


Leo Krippner, Michelle Lewis, Benjamin Wong (RBNZ)

2:05pm

Forecasting with Macro-Finance Models: Applications to United States and New Zealand


Michelle Lewis (RBNZ)

2:40pm

Afternoon tea

Session 4

Empirical Macro

3:10pm

Are Beveridge Nelson Trend-Cycle Decompositions Useful for Policy Analysis?


Gunes Kamber (RBNZ); James Morley (University of New South Wales); Benjamin Wong (RBNZ)

3:45pm

Global Inflation: The Role of Food, Housing and Energy Prices


Miles Parker (RBNZ)

4:20pm

Thanks and Finish