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Central Bank Macroeconomic Modeling Workshop
28-29 October 2009, Jerusalem, Israel

WORKSHOP INFORMATION
The 2009 Central Bank Macroeconomic Modeling Workshop was hosted by the Bank of Israel. As in previous years the workshop brought together central bank researchers and macro modelers and academic researchers from round the world to present recent papers and discuss the state of modeling in their institutions.
This year's main theme was "New advances in open economy modeling." A keynote speech was given by:
Prof. Mark Gertler
New York University
For the workshop program, click here (in PDF).
For the participants list , click here (in PDF).


WORKSHOP PAPERS

Authors (Presenter in bold)
Discussant
Title Link to paper Link to Presentation
Mark Gertler
Peter Karadi
Unconventional Monetary Policy  
Malin Adolfson
Jesper Lindé
Parameter Identification in an Estimated New Keynesian Open Economy Model
Discussant : Joris de Wind    
Lawrence Christiano
Mathias Trabandt
Karl Walentin
Introducing Financial Frictions and Unemployment into a Small Open Economy Model
Discussant : Ichiro Fukunaga    
Javier Andrés
Samuel Hurtado
Eva Ortega
Carlos Thomas
Spain in the Euro: a General Equilibrium Analysis
Discussant : Agnes Csermely    
Javier Guillermo Gómez
Capital Flows and Monetary Policy

Mathematical Appendix


Discussant : Martin Seneca    
Jeannine Bailliu
Patrick Blagrave
The Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach
Discussant : Pascal Jacquinot    
Junior Maih
Conditional Forecasts in DSGE models
Discussant : Alon Binyamini    
Adam Cagliarini
Tim Robinson
Allen Tran
Reconciling Micro-Data And Macro Estimates of Price Stickiness
Discussant : Iulia Pasa    
Carlos de Resende
Ali Dib
Maral Kichian
Optimal Monetary Policy in Multi-Sector Small Open Economy Models: Conventional Wisdom?  
Discussant : Luca Guerrieri    
Martin Bodenstien
Christopher J. Erceg
Luca Guerrieri
The Effects of Foreign Shocks when U.S. Interest Rates are at Zero
Discussant : Ricardo Mestre (ECB)    
Jaromir Benes
Andrew Berg
Rafael A. Portillo
David Vavra
Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy
Discussant : Alex Cukierman    
Tommaso Monacelli
Roberto Perotti
Fiscal Policy, Wealth Effects and Markups
Discussant : Baruch Gliksberg    
Lorenzo Forni
Massimiliano Pisani
Fiscal Policy in Open Economies: Estimates for the Euro Area
Discussant : Michel Strawczynski    
Rodrigo Caputo
Juan Pablo Medina
Claudio Soto
Financial Shocks and Optimal Monetary Policy in Small Open Economies
Discussants : Gent Hashorva and Diana Shtylla    
Jaromir Benes
Andrea Gerali
David Vavra
Monetary Policy, Banking, and Systemic Risk in Open Economies
Discussant : Edward Offenbacher    
Eyal Argov
Emanuel Barnea
Alon Binyamini
Eliezer Borenstein
David Elkayam
Irit Rozenshtrom
The Bank of Israel's New DSGE Model  
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