Monetary Policy When Heterogeneity Matters

International Workshop

Co-organisé par la chaire Banque de France de la Fondation France-Japon de l’EHESS et la chaire Banque de France de la Paris School of Economics


09:50-10:00 Opening remarks, by Christian Sautter (Vice President of the Fondation France-Japon de l’EHESS)

Session 1
Chair: Florin Bilbiie (PSE and Université Paris 1)

10:00-11:00 Minchul Yum (Mannheim)
"Wealth and Labor Supply in an Incomplete Markets Model"
Discussant: Patrick Pintus (Banque de France)

11:00am-12:00 Patrick Pintus (Banque de France)
"The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate" (joint with Yi Wen and Xiaochuan Xing)
Discussant: Eric Mengus (HEC Paris)

12:00-14:00 Lunch

Session 2
Chair: Patrick Pintus (Banque de France)

14:00-15:00 Gaetano Gaballo (Banque de France and European Central Bank)
"Forward Guidance and Heterogeneous Beliefs" (joint with Philippe Andrade, Eric Mengus and Benoît Mojon)
Discussant: Takeki Sunakawa (EHESS and Kobe)

15:00-16:00 Takeki Sunakawa (EHESS and Kobe University)
"Natural Rate of Interest in Nonlinear DSGE Models" (joint with Yasuo Hirose)
Discussant: Michel Julliard (Banque de France)

16:00-16:30 Break

Session 3
Chair: Takeki Sunakawa (EHESS and Kobe University)

16:30-17:30 Taisuke Nakata (Federal Reserve Board)
"The Risky Steady State and the Interest Rate Lower Bound" (joint with Timothy Hills and Sebastian Schmidt)
Discussant: Pablo Winant (Bank of England)

17:30-18:30 Florin Bilbiie (PSE and Université Paris 1)
"Optimal Forward Guidance"
Discussant: Taisuke Nakata (Federal Reserve Board)

18:30 Concluding Remarks

Économie Capitalisme, Economie, Entreprises, État et politiques publiques, Impôt Asie, Asie orientale, Chine, Europe, France, Japon, Transnational/transfrontières

Informations pratiques

  • Friday 3 February 2017 - 09:45 to 18:30
  • EHESS (salle 640) - 190-198, avenue de France 75013 Paris
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