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DEEP Macro Workshop

The DEEP organizes a macro workshop for PhD students. PhD students in macro should attend this workshop. Anybody else is welcome.

This workshop will have two main functions:
i) students can present their ongoing thesis work;
ii) students present some recent paper that could be of interest for their thesis (and could be of interest to the audience).

Presentations should be between 30 and 45 min. to leave ample time for questions and discussions.

Occasionally, there will also be presentations by visitors or local faculty.

Send an email to Fang.Liu.2@unil.ch for further information or booking a slot.

Indeterminacy and Imperfect Information

Elmar Mertens (Bank for International Settlements )

7 mars 2017  -  12:15-13:30, salle Extranef 109

Host(s): Philippe Bacchetta

 

We study equilibrium determination in an environment where two kinds of agents have different information sets: The fully informed agents know the structure of the model and observe histories of all exogenous and endogenous variables. The less in- formed agents observe only a strict subset of the full information set. All types of agents form expectations rationally, but agents with limited information need to solve a dynamic signal extraction problem to gather information about the variables they do not observe. We show that for parameters values that imply a unique equilibrium under full information, the limited information rational expectations equilibrium can be indeterminate. In a simple application of our framework to a monetary policy problem we show that limited information on part of the central bank implies indeterminate outcomes even when the Taylor Principle holds. 

Liste des prochaines séances

4 avril 2017 Risk vs Productivity: Should bank capital requirements be flatter?
Gene Ambrocio (Bank of Finland)
Host(s): Donghoon Yoo
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf

Plus d'information
25 avril 2017 RAGE AGAINST THE MACHINES: LABOR-SAVING TECHNOLOGY AND UNREST IN ENGLAND, 1830-32*
Bruno Caprettini (University of Zurich)
Host(s): Dominic Rohner
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf

Plus d'information
9 mai 2017 Fang Liu (UNIL)
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
23 mai 2017 Francesco Pappadà (Banque de France)
Host(s): Kenza Benhima
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
6 juin 2017 Rahul Mukherjee (IHEID)
Host(s): Kenza Benhima
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
>> Liste des séances précédentes
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