Schedule

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2015
Friday, July 24th
9:30 AM

Parallel Sessions A: Total Factor Productivity, Potential Outpupt, and Economic Growth

Total Output Productivity Accounted for Automatically in Terms of Individual Input Productivities

Peter A. Zadrozny, U.S. Bureau of Labor Statistics

9:30 AM - 11:30 AM

Parallel Sessions A: Total Factor Productivity, Potential Outpupt, and Economic Growth

Evidence on Cross-Industry Input Allocation and Country-Level TFP Growth

Jon D. Samuels, U.S. Bureau of Economic Analysis

9:30 AM - 11:30 AM

Parallel Sessions A: Total Factor Productivity, Potential Outpupt, and Economic Growth

A Cross-Country Database of Total Factor Productivity and Potential Output

Jamus Jerome Lim, World Bank
Delfin Sia Go, World Bank
Sergio Kurlat, World Bank

9:30 AM - 11:30 AM

Parallel Sessions A: Total Factor Productivity, Potential Outpupt, and Economic Growth

Productivity Trends from 1890 to 2012 in Advanced Countries

Gilbert Cette, Banque de France
Antonin Bergeaud, Banque de France
Remy Lecat, Bank de France

9:30 AM - 11:30 AM

Parallel Sessions B: Macroeconomic Modelling of Liquidity, Signals, Forecasts and Policy

A Signal Approach to Liquidity Risk in Europe

Logan Kelly, University of Wisconsin - River Falls
Makram El Shagi, Henan Univeristy

9:30 AM - 11:30 AM

Parallel Sessions B: Macroeconomic Modelling of Liquidity, Signals, Forecasts and Policy

Forecasting Macroeconomic Time Series: A Comparison of Regime Switching and Recurrent Neural Network Methods

Jonathan Tepper, Nottingham Trent University
Marcelle Chauvet, University of California - Riverside
Logan Kelly, University of Wisconsin - River Falls
Jane M. Binner, University of Birmingham

9:30 AM - 11:30 AM

Parallel Sessions B: Macroeconomic Modelling of Liquidity, Signals, Forecasts and Policy

Can Volatility Spillovers in Divisia User Costs Describe Monetary Transmission?

Victor Varcarecel, University of Texas at Dallas

9:30 AM - 11:30 AM

Parallel Sessions B: Macroeconomic Modelling of Liquidity, Signals, Forecasts and Policy

Does Money Matter in the Euro Area? Evidence from a New Divisia Index

Zsolt Darvas, Bruegel

9:30 AM - 11:30 AM

Parallel Sessions C: Unresolved Measurement Problems in the System of National Accounts

The User Cost of a Nonrenewable Resource and Green Accounting

Kevin J. Fox, University of New South Wales
Erwin Diewert, University of British Columbia and University of New South Wales

9:30 AM - 11:30 AM

Parallel Sessions C: Unresolved Measurement Problems in the System of National Accounts

Productivity Measurement with Natural Capital

Paul Schreyer, OECD
Nicola Brandt, OECD
Vera Zipperer, OECD

9:30 AM - 11:30 AM

Parallel Sessions C: Unresolved Measurement Problems in the System of National Accounts

Accounting for Intangible, Non-Marketed and Sunk Capital

Robert D. Cairns, McGill University

9:30 AM - 11:30 AM

Parallel Sessions C: Unresolved Measurement Problems in the System of National Accounts

Accounting for Government Activities

John Hartwick, Queen's University

9:30 AM - 11:30 AM

Parallel Sessions D: Monetary Policy

Bond Market Exposures to Macroeconomic and Monetary Policy Risks

Dongho Song, Boston College

9:30 AM - 11:30 AM

Parallel Sessions D: Monetary Policy

Measuring Monetary Policy Uncertainty

Shu Wu, Kansas University
Shangwen Huang, University of Kansas

9:30 AM - 11:30 AM

Parallel Sessions D: Monetary Policy

Effects of U.S. Quantitative Easing on Emerging Market Economies

Woong Yong Park, University of Illinois
Saroj Bhattarai, University of Texas at Austin
Arpita Chatterjee, University of New South Wales

9:30 AM - 11:30 AM

Parallel Sessions D: Monetary Policy

Federal Reserve Credibility and the Term Structure of Interest Rates

Aeimit Lakdawala, Michigan State University
Shu Wu, University of Kansas

9:30 AM - 11:30 AM

Parallel Sessions E: Evaluation of Behavior and Heuristic Strategies

Evaluating adoption and scope of heuristics in the business environment

Simone Guercini, University of Florence

9:30 AM - 11:30 AM

Parallel Sessions E: Evaluation of Behavior and Heuristic Strategies

Culture, Compliance, and Confidentiality: A Study of Taxpayer Behavior in the United States and Italy

Sally Wallace, Georgia State University
James Alm, Tulane University of Louisiana
Michele Bernasconi, Ca'Foscari University of Venice
Susan Laury, Georgia State University

9:30 AM - 11:30 AM

Parallel Sessions E: Evaluation of Behavior and Heuristic Strategies

How do managers perceive risk

Shabnam Mousavi, Johns Hopkins University
Reza Kheirandish, Clayton State University

9:30 AM - 11:30 AM

Parallel Sessions E: Evaluation of Behavior and Heuristic Strategies

Decision Models Derived From Process Data

Eduard Brandstatter, Johannes Kepler University of Linz

9:30 AM - 11:30 AM

Parallel Sessions F: Real Time Data

Measuring Uncertainty Using Survey-Based Diffusion Indices

Pierre-Daniel G. Sarte, Federal Reserve Bank of Richmond

9:30 AM - 11:30 AM

Parallel Sessions F: Real Time Data

Optimal Monetary Policy Revisited: Does Considering Real-Time Data Change Things?

Jesus Vazquez, Universidad del Pais Vasco
Steven P. Cassou, Kansas State University
Patrick Scott, Missouri State University)

9:30 AM - 11:30 AM

Parallel Sessions F: Real Time Data

Assessing Macro Uncertainty in Real Time When Data Are Subject to Revision

Michael P. Clements, University of Reading

9:30 AM - 11:30 AM

Parallel Sessions F: Real Time Data

Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation

Thomas A. Lubik, Federal Reserve Bank of Richmond
Christian Matthes, Federal Reserve Bank of Richmond

9:30 AM - 11:30 AM

11:30 AM

Coffee Break

11:30 AM - 12:00 PM

12:00 PM

Uzawa Memorial Lecture

Direct Elicitation of Indirect Preferences

Daniel McFadden, University of California - Berkeley

12:00 PM - 1:00 PM

1:00 PM

Conference Lunch

1:00 PM - 2:30 PM

2:30 PM

Parallel Sessions A: Risk Measurement Partie Deux

What is the Best Risk Measure in Practice? A Comparison of Standard Measures

Marie Kratz, ESSEC Business School, CREAR risk research center

2:30 PM - 4:30 PM

Parallel Sessions A: Risk Measurement Partie Deux

Model Risk and Culture

Andreas Tsanakas, Cass Business School, City University London

2:30 PM - 4:30 PM

Parallel Sessions A: Risk Measurement Partie Deux

Endogenous Risks in Central Clearing

Travis Nesmith, Board of Governors, U.S. Federal Reserve Bank

2:30 PM - 4:30 PM

Parallel Sessions A: Risk Measurement Partie Deux

On the Nature of Financial Risk: Why Risk is so Hard to Measure and Why Risk Models Fail so Often

Jon Danielsson, London School of Economics

2:30 PM - 4:30 PM

Parallel Sessions B: Panel Discussion

Panel Discussion on “Future Challenges and Opportunities in Producing Economic Statistics”

Erica Groshen, U.S. Bureau of Labor Statistics
Yoel Finkel, Israel Central Bureau of Statistics
Brian Moyer, U.S. Bureau of Economic Analysis
Silke Stapel-Weber, Eurostat

2:30 PM - 4:30 PM

Parallel Sessions C: Comparisons in the Spatial-temporal Domain

Market Imperfections, Skills and Total Factor Productivity: Firm-level Evidence on Belgium and the Netherlands

Mark Vancauteren, Hasselt University
Sabien Dobbelaere, VU University

2:30 PM - 4:30 PM

Parallel Sessions C: Comparisons in the Spatial-temporal Domain

Incorporating Temporal and Country Heterogeneity in the Measurement of Labour Productivity Growth, TFP and Structural Change

Alicia Rambaldi, University of Queensland
Antonio Peyrache, University of Queensland

2:30 PM - 4:30 PM

Parallel Sessions C: Comparisons in the Spatial-temporal Domain

On Measuring Regional or Global Growth and Inflation

Bert Balk, Erasmus University of Rotterdam
Prasada Rao, University of Queensland
Alicia N. Rambaldi, University of Queensland

2:30 PM - 4:30 PM

Parallel Sessions C: Comparisons in the Spatial-temporal Domain

Multilateral Divisia Monetary Aggregation for the EU and EMU.

Neepa Gaekwad-Babulal, University of Kansas Main Campus
William A. Barnett, University of Kansas, Lawrence, and Center for Financial Stability, New York City

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital

Accumulation of Human and Nonhuman Capital Revisited

Barbara Fraumeni, Central University for Finance and Economics
Michael Christian, Wisconsin Center for Education Research
Jon D. Samuels, U.S. Bureau of Economic Analysis

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital

BLS Research on Capital Asset Service Lives

Michael D. Giandrea, U.S. Bureau of Labor Statistics
Peter Meyer, U.S. Bureau of Labor Statistics
Susan G. Powers, U.S. Bureau of Labor Statistics
Steve Rosenthal, Bureau of Labor Statistics
Randy M. Kinoshita, U.S. Bureau of Labor Statistics
Corby A. Garner, U.S. Bureau of Labor Statistics
Brian D. Chansky, U.S. Bureau of Labor Statistics

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital

Getting Rental Prices Right for Computers

Erwin Diewert, University of British Columbia and University of New South Wales
Hui Wei

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital

Capital Input and the Sources of U.S. Economic Growth across Industries: A Comparison of Alternative Approaches

Jon D. Samuels, U.S. Bureau of Economic Analysis
Jay Stewart, Bureau of Labor Statistics
Erich H. Strassner, U.S. Bureau of Economic Analysis
David B. Wasshausen, U.S. Bureau of Economic Analysis

2:30 PM - 4:30 PM

Parallel Sessions E: Macroeconomic Policy

Real-time Forecasting with a Large, Mixed Frequency, Bayesian VAR

Tatevik Sekhposyan, Texas A & M University - College Station
Michael McCracken, Federal Reserve Bank of St. Louis
Michael Owyang, Federal Reserve Bank of St. L

2:30 PM - 4:30 PM

Parallel Sessions E: Macroeconomic Policy

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

Christopher Otrok, University of Missouri
Gianluca Benigno, London School of Economics
Huigant Chen, MarketShare Partners
Alessandro Rebucci, Johns Hopkins University
Eric Young, University of Virginia - Main Campus

2:30 PM - 4:30 PM

Parallel Sessions E: Macroeconomic Policy

Taylor Rules and Financial Market Expectations

Michael Owyang, Federal Reserve Bank of Saint Louis
Eric Ghysels, Universityof North Carolina, Chapel Hill

2:30 PM - 4:30 PM

Parallel Sessions E: Macroeconomic Policy

Nonlinearities, Smoothing and countercyclical Monetary Policy

Laura E. Jackson, Bentley University
Michael T. Owyang, Federal Reserve Bank of St. Louis
Daniel Soques, University of North Carolina

2:30 PM - 4:30 PM

Parallel Sessions F: Measurement Issues in Economics and Finance

Monetary Policy and Shadow Banking

Ricardo M. Sousa, University of Minho
Luca Agnello, University of Palermo
Vitor Castro, University of Coimbra

2:30 PM - 4:30 PM

Parallel Sessions F: Measurement Issues in Economics and Finance

Gathering the Pieces of the U.S. Real Output Dynamics: New Challenges for Economic Policy

Christina Mikropoulou, University of Macedonia
Stella Karagianni, University of Macedonia
Catherine KYRTSOU, University of Macedonia, Department of Economics, Thessaloniki

2:30 PM - 4:30 PM

Parallel Sessions F: Measurement Issues in Economics and Finance

France's International Insertion: Specializations, Intra-industry Trade and Quality Positioning in Long-run Perspective 1836-1938: A New Measurement Approach

Bertrand Blancheton, University of Bordeaux
Stephane Becuwe, Univeristy of Bordeaux
Christopher Meissner, University of California - Davis

2:30 PM - 4:30 PM

Parallel Sessions F: Measurement Issues in Economics and Finance

Capital Account Liberalization and Growth in Emerging Markets: Linking Concepts to Measurement

Zorobabel Bicaba, African Development Bank
Zuzana Brixiova, African Development Bank

2:30 PM - 4:30 PM

4:30 PM

Coffee Break

4:30 PM - 5:00 PM

5:00 PM

Plenary Session

Virtual Coinage: Network Evidence on Decentralized Currencies

Ester Faia, Goethe University Frankfurt

5:00 PM - 6:00 PM