Schedule

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2015
Wednesday, July 22nd
8:30 AM

Registration and Coffee

8:30 AM - 9:15 AM

9:15 AM

Opening Remarks and Welcome Address

Paul Schreyer, OECD

9:15 AM - 9:30 AM

9:30 AM

Parallel Sessions A: New Methods for Constructing Price Indexes for Commercial and Residential Property

Sunk Costs and the Measurement of Commercial Property Depreciation

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

9:30 AM - 10:00 AM

Parallel Sessions A: New Methods for Constructing Price Indexes for Commercial and Residential Property

Housing Rent in the Japanese CPI: Bias from Nominal Rigidity of Rents

Chihiro Shimizu, National University of Singapore
Satoshi Imai, Statistics Bureau of Japan
Tsutomu Watanabe, University of Tokyo

9:30 AM - 11:30 AM

Parallel Sessions A: New Methods for Constructing Price Indexes for Commercial and Residential Property

Using Smoothing Methods in the Computation of Hedonic Imputed Price Indexes for Properties and their Land and Structure Components

Alicia Rambaldi, University of Queensland
Ryan R.J. McAllister, CSIRO
Cameron S. Fletcher, CSIRO

9:30 AM - 11:30 AM

Parallel Sessions A: New Methods for Constructing Price Indexes for Commercial and Residential Property

Accounting for Spatial Variation of Land Prices in Hedonic Imputation House Price Indexes: A Semiparametric Approach

Jan de Haan, Netherlands and Delft University of Technology
Yunlong Gong, Delft University of Technology

9:30 AM - 11:30 AM

Parallel Sessions B: Applied General Equilibrium Theory

Errors in Variables: Comments on the State of Economic Science

Stephen E. Spear, Carnegie Mellon University

9:30 AM - 11:30 AM

Parallel Sessions B: Applied General Equilibrium Theory

Beyond Laissez-faire: The Case of Heterogeneous Priors

Mich Tvede, University of Newcastle

9:30 AM - 11:30 AM

Parallel Sessions B: Applied General Equilibrium Theory

The Law of Proportionality of Factor Contents, Reality or Artifact of CGE Modeling

Octavio Tourinho, State University of Rio de Janeiro
Yves Balasko, University of York

9:30 AM - 11:30 AM

Parallel Sessions B: Applied General Equilibrium Theory

Product market competition and the severity of distressed asset sales

Vinicius Carrasco, PUC_Rio de Janeiro

9:30 AM - 11:30 AM

Parallel Sessions C: RAstaNews Special Session on Macro-financial Imbalances in the Euro Area

Discovering SIFIs, a Temporal Complex Approach

Alessandro Spelta, Catholic University of Milan
Pablo Kaltwasser, University of Leuven

9:30 AM - 11:30 AM

Parallel Sessions C: RAstaNews Special Session on Macro-financial Imbalances in the Euro Area

The Financial Kuznets Curve: Evidence for the Euro Area

Donatella Baiardi, University of Milan - Bicocca
Claudio Morana, University of Milan - Bicocca

9:30 AM - 11:30 AM

Parallel Sessions C: RAstaNews Special Session on Macro-financial Imbalances in the Euro Area

GIPSI in the Euro Area. An Empirical DSGE Model

Alice Albonico, University of Milan - Bicocca
Alessia Paccagnini, University of Milan - Bicocca
Patrizio Tirelli, Università Milano Bicocca

9:30 AM - 11:30 AM

Parallel Sessions C: RAstaNews Special Session on Macro-financial Imbalances in the Euro Area

In Search of the Eurozone Global Fiscal Stance

Patrizio Tirelli, University of Milan - Bicocca
Alice Albonico, University of Milan - Bicocca
Alessia Paccagnini, University of Milan - Bicocca

9:30 AM - 11:30 AM

Parallel Sessions D: Reaching for Sense in Large Bodies of Data

Statistical and Supervisory Data Standards

Michal Piechocki
Karla McKenna
Michal Skopowski

9:30 AM - 11:30 AM

Parallel Sessions D: Reaching for Sense in Large Bodies of Data

ACTUS: A Data Standard That Enables Forward-Looking Analysis

Allan Mendelowitz
Willi Bramertz
Wolfgang Breymann, Zurich Univeristy of Applied Sciences

9:30 AM - 11:30 AM

Parallel Sessions D: Reaching for Sense in Large Bodies of Data

Social and Technical Infrastructure for Managing Data on a Global Scale

Larry Lannom, Center for National Research Initiatives
Giridhar Manipalli, Center for National Research Initiatives

9:30 AM - 11:30 AM

Parallel Sessions D: Reaching for Sense in Large Bodies of Data

A Report on the Federal Reserve’s Efforts to Better Assess Economic Activity

Norman J. Morin, Board of Governors, Federal Reserve
John J. Stevens, Board of Governors, Federal Reserve

9:30 AM - 11:30 AM

Parallel Sessions E: New Research on Intangibles

Cross-Country Income Differences Revisited: Accounting for the Role of Intangible Capital

Wen Chen, University of Groningen

9:30 AM - 11:30 AM

Parallel Sessions E: New Research on Intangibles

Organizational Capital, R&D Assets, and Offshore Outsourcing

Wendy C.Y. Li, Bureau of Economic Analysis

9:30 AM - 11:30 AM

Parallel Sessions E: New Research on Intangibles

Valuing ‘Free’ Media Across Counties in GDP

Rachel Soloveichik, Bureau of Economic Analysis
Leonard Nakamura, Philadelphia Federal Reserve Bank

9:30 AM - 11:30 AM

Parallel Sessions E: New Research on Intangibles

Private and Public Intangible Capital: Productivity Growth and New Policy Challengers

Cecilia Jona-Lasinio, Istituto Nazionale di Statistica

9:30 AM - 11:30 AM

Parallel Sessions F: Productivity and Structural Policies

Fiscal and Structural Reforms in DSGE Models: Long-term and Short-term Analysis

Aurelien Poissonnier, Insee-Crest-Ecole Polytechnique
Olfa Alouni, European Commission
Benoit Campagne, Insee-Crest

9:30 AM - 11:30 AM

Parallel Sessions F: Productivity and Structural Policies

Offshoring, Biased Technical Change and the Increasing Capital Share: an Analysis of Global Manufacturing Production

Marcel P. Timmer, University of Groningen
Xianjia Ye, University of Groningen

9:30 AM - 10:30 AM

Parallel Sessions F: Productivity and Structural Policies

Product and Labor Market Regulations, Production Prices, Wages and Productivity

Gilbert Cette, Banque de France
Jimmy Lopez Universite de Dijon
Jacques Mairesse, CREST

9:30 AM - 11:30 AM

Parallel Sessions F: Productivity and Structural Policies

The Impact of Structural Policies on Productivity: New Evidence from Macroeconomic Estimates

Balazs Egert, OECD

9:30 AM - 11:30 AM

11:30 AM

Coffee Break

11:30 AM - 12:00 PM

Poster Session A (Posters will be up throughout the conference)

Outside Lending in the NYC Call Loan Market

Jon R. Moen, University of Mississippi Main Campus
Ellis W. Tallman, Oberlin College

11:30 AM - 12:00 PM

Poster Session A (Posters will be up throughout the conference)

The Behavior of Interest Rates and Exchange Rates: Assessing the merits of Monetary Policy Coordination Among Emerging Economies

Semih Cekin
Menelik Geremew

11:30 AM - 12:00 PM

Poster Session A (Posters will be up throughout the conference)

The Shadow Rate of Interest, Macroeconomic Trends, and Time{Varying Uncertainty

Elmer Mertens, Federal Reserve Board of Governors
Benjamin K. Johannsen, Federal Reserve Board of Governors

11:30 AM - 12:00 PM

12:00 PM

Presidential Address

Robustness of Dynamical Inferences to Measurement Error

William A. Barnett, University of Kansas, Lawrence, and Center for Financial Stability, New York City

12:00 PM - 1:00 PM

1:00 PM

Conference Lunch

1:00 PM - 2:30 PM

2:30 PM

Parallel Sessions A: Reproducible Research on Private and Proprietary Data

Reproducible Research: the Need for Data Access

Stefan Bender, Deutsche Bundesbank

2:30 PM - 4:30 PM

Parallel Sessions A: Reproducible Research on Private and Proprietary Data

Privacy, Big Data, and Public Access: Frameworks for Engagement

Julia Ingrid Lane, American Institutes for Research

2:30 PM - 4:30 PM

Parallel Sessions A: Reproducible Research on Private and Proprietary Data

The Economics of Privacy

Daniel Goroff, Alfred P. Sloan Foundation

2:30 PM - 4:30 PM

Parallel Sessions A: Reproducible Research on Private and Proprietary Data

Reproducibility and Privacy from an Informatics Perspective (NOT FRI. PM)

Micah Altman, Massachusetts Institute of Technology

2:30 PM - 4:30 PM

Parallel Sessions B: Residential and Commercial Real Estate Price Indexes

Alternative Approaches to Commercial Property Price Indexes for Tokyo

Erwin Diewert, University of British Columbia
Chihiro Shimizu, Reitaku University

2:30 PM - 4:30 PM

Parallel Sessions B: Residential and Commercial Real Estate Price Indexes

Going Beyond Averages: Quantile-Specific House Price Indices

Sofie Waltl, University of Graz

2:30 PM - 3:30 PM

Parallel Sessions B: Residential and Commercial Real Estate Price Indexes

Age, Time, Depreciation and House Prices: A Hedonic Imputation Approach

Iqbal Syed, University of New South Wales
Jan de Haan, Statistics Netherlands and Delft University of Technology

2:30 PM - 4:30 PM

Parallel Sessions B: Residential and Commercial Real Estate Price Indexes

Using Kalman Filters and Geospatial Splines to Improve House Price Indexes: A Hedonic Imputation Approach

Michael Scholz, University of Graz
Robert J. Hill, University of Graz
Alicia Rambaldi, University of Queensland

2:30 PM - 4:30 PM

Parallel Sessions C: Financial Structure and Economic Volatility

Endogenous Credit and Investment Cycles with Asset Price Volatility

Francesco Carli, Catolica Lisbon - Protugal
Leonor Modesto, Catolica Lisbon - Portugal

2:30 PM - 4:30 PM

Parallel Sessions C: Financial Structure and Economic Volatility

Information Insensitive Securities: The Benefits of Central Counterparties

Francesca Carapella, Board of Governors, U.S. Federal Reserve
David Mills, Board of Governors, U.S. Federal Reserve

2:30 PM - 4:30 PM

Parallel Sessions C: Financial Structure and Economic Volatility

Measuring Systemicness in the U.S. Insurance Industry

Anton Badev, Board of Governors, U.S. Federal Reserve

2:30 PM - 4:30 PM

Parallel Sessions C: Financial Structure and Economic Volatility

Self-fulfilling Runs: Evidence from the US Life Insurance Industry

Stephane Verani, Board of Governors, U.S. Federal Reserve
Nathan Foley-Fisher, Board of Governors, U.S. Federal Reserve
Borghan Narajabad, Board of Governors, U.S. Federal Reserve

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital and Wealth

National Accounting and the Valuation of Ecosystem Assets and Their Services

Carl Obst, University of Melbourne
Lars Hein, University of Wageningen
Bram Edens, Statistics Netherlands

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital and Wealth

Human Capital

Mary O'Mahony, Kings College

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital and Wealth

Public Capital: Measurement Issues

Matilde Mas, IVIE and University of Valencia

2:30 PM - 4:30 PM

Parallel Sessions D: Measuring Capital and Wealth

Accounting for the inclusive wealth of nations: empirical evidence

Pablo Munoz, United Nations University

2:30 PM - 4:30 PM

Parallel Sessions E: Advances in Integration of Large System Economic Data: Theory and Practice

'Bayesian' Orientation of SNA and Satellite Accounts in Compilation and Analysis

Jan W. van Tongeren, Tilburg University
Arjan Bruil, Central Bureau for Statistics, Netherlands

2:30 PM - 4:30 PM

Parallel Sessions E: Advances in Integration of Large System Economic Data: Theory and Practice

Wavelet Benchmarking with Seasonal Adjustment

Homesh Sayal, University of Cambridge
John Aston, University of Cambridge
Duncan Elliott, Office of National Statistics
Hernando Ombao, University of California - Irvine
Jennifer Davies, Office of National Statistics

2:30 PM - 4:30 PM

Parallel Sessions E: Advances in Integration of Large System Economic Data: Theory and Practice

Solving Large Data Consistency Problems at Statistics Netherlands Using Macro Integration Techniques

Nino Mushkudiani, Central Bureau for Statistics, Netherlands
Jacco Daalmans, Central Bureaus for Statistics, Netherlands
Reinier Bikker, Central Bureau for Statistics, Netherlands

2:30 PM - 5:30 PM

Parallel Sessions E: Advances in Integration of Large System Economic Data: Theory and Practice

Simultaneous Reconciliation of Large Disaggregated Time Series of Accounts after a Benchmark Revision with an Application to the U.S. Input-output Accounts

Baoline Chen, Bureau of Economic Analysis
Tommaso di Fonzo, University of Padova
Marco marini, International Monetary Fund

2:30 PM - 4:30 PM

Parallel Sessions F: RAstaNews special session on Advances in Macro-Financial Stress Assessment

Foreign Currency Borrowing in Hungary: the Pricing Behavior of Banks

Zoltan Schepp, University of Pecs
Monika Pitz, University of Pecs

2:30 PM - 4:30 PM

Parallel Sessions F: RAstaNews special session on Advances in Macro-Financial Stress Assessment

Inflation and Professional Forecast Dynamics: An Evaluation of Stickiness, Persistence, and Volatility

Elmar Mertens, Federal Reserve Board
James Nason, North Caroline State University

2:30 PM - 4:30 PM

Parallel Sessions F: RAstaNews special session on Advances in Macro-Financial Stress Assessment

Forecast Efficiency in Two Dimensions

Dean Croushore, University of Richmond
Katherine Marsten, Federal Reserve Board

2:30 PM - 4:30 PM

Parallel Sessions F: RAstaNews special session on Advances in Macro-Financial Stress Assessment

Long Waves in External Imbalances, Credit Growth and Asset Prices: An Historical Perspective on Global Financial Crisis

Marco Gallegati, Polytechnic University of Marche and eCampus online University

2:30 PM - 12:30 AM

4:30 PM

Coffee Break

4:30 PM - 5:00 PM

5:00 PM

Plenary Session

Labour Supply and Taxation: A New Look

Guy Laroque, University College London and Sciences Po

5:00 PM - 6:00 PM