RESERVE BANK OF AUSTRALIA QUANTITATIVE MACROECONOMICS WORKSHOP Agenda Thursday, 12 December 2013 Time Event Details 07.15 – 08.50 Breakfast Level 5 Dining Room 08.55 – 09.00 Welcome Christopher Kent, Reserve Bank of Australia 09.00 – 10.00 Session One Chair Michael Plumb, Reserve Bank of Australia Presenter Martin Uribe, Columbia University The Making of a Great Contraction with a Liquidity Trap and Jobless Recovery Discussant Qingyuan Du, Monash University 10.00 – 10.30 Morning Coffee 10.30 – 12.30 Session Two Chair Heather Anderson, Monash University Presenter James Morley, University of New South Wales Structural Evolution of the Postwar US Economy Discussant Barry Rafferty, University of Melbourne Presenter Ozer Karagedikli, Reserve Bank of New Zealand International Spill-Overs of Uncertainty Shocks: Evidence from a FAVAR Discussant Daniel Rees, Reserve Bank of Australia 12.30 – 13.30 Lunch Level 5 Dining Room 13.30 – 15.00 Session Three 15.00 – 15.30 Chair Bruce Preston, Monash University Keynote Presenter Martin Schneider, Stanford University Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle Afternoon Coffee Agenda continued Thursday, 12 December 2013 Time Event 15.30 – 17.30 Session Four Details Chair Mariano Kulish, University of New South Wales Presenter Eric Swanson, Federal Reserve Bank San Francisco Risk Aversion, Risk Premia and the Labor Margin with Generalized Recursive Preferences Discussant Andrew John, Melbourne Business School Presenter Greg Kaplan, Princeton University Understanding the Long-Run Decline in Interstate Migration Discussant Gianni La Cava, Reserve Bank of Australia 17.30 – 18.30 Pre-dinner Drinks Level 5 Lounge Room 18.30 Workshop Dinner Level 5 Dining Room Friday, 13 December 2013 Time Event Details 07.15 – 08.30 Breakfast Level 5 Dining Room 08.30 – 09.30 Session Five Chair Yu-Chin Chen, Melbourne Business School Presenter Markus Brueckner, National University of Singapore Fiscal Stimulus and Households’ Non-Durable Consumption Expenditures: Evidence from the 2009 Australian Nation Building and Jobs Plan Discussant Chung Tran, Australian National University 09.30 – 10.00 Morning Coffee 10.00 – 12.00 Session Six Chair Jonathan Kearns, Reserve Bank of Australia Presenter Stephanie Schmitt-Grohé, Columbia University Prudential Policy for Peggers Discussant Pedro Gomis-Porqueras, Deakin University Presenter Andrea Tambalotti, Federal Reserve Bank New York The Effect of the Saving and Banking Glut on the US Economy Discussant Nicolas Groshenny, University of Adelaide 12.00 – 13.00 Lunch Level 5 Dining Room 13.00 – 14.30 Session Seven 14.30 – 14.35 Chair Chris Edmond, University of Melbourne Keynote Presenter Monika Piazzesi, Stanford University Segmented Housing Search Final Comments Michael Plumb, Reserve Bank of Australia