4th SNB-Fed Cleveland-Bank of Canada Conference: Policy relevant modeling for central banks

On September 22-23, 2005, the Swiss National Bank together with the Federal Reserve Bank of Cleveland and the Bank of Canada organised a conference on monetary theory and policy in Zurich. This event was intended to bring together, for the fourth time, a group of highly respected academics and central bankers to discuss important monetary policy issues. The organising committee consisted of David Altig (Fed Cleveland), Césaire Meh (Bank of Canada), Marcel R. Savioz (Swiss National Bank) and Nicolas Cuche-Curti (Swiss National Bank). The programme, abstracts, and city plan are available as PDF files.

Programme (22-23 September 2005)
PDF (93 kb)
PDF (86 kb)
The following papers are drafts, sometimes very preliminary, for use during the conference. The views expressed are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of Cleveland, or of the Bank of Canada, or of the Swiss National Bank.
Javier Andrés, J. David López-Salido and Edward Nelson: Money and the Natural Rate of Interest: Structural Estimates for the U.K., the U.S., and the Euro Area
PDF (922 kb)
Samuel Reynard: Money and the Great Disinflation
PDF (437 kb)
John B. Carlson, Ben R. Craig and William R. Melick: Recovering Market Expectations of FOMC Rate Changes with Options on Federal Funds Futures
PDF (910 kb)
Fiorella De Fiorey and Harald Uhlig: Bank finance versus bond finance: what explains the differences between US and Europe?
PDF (318 kb)
Jean Boivin and Marc P. Giannoni: DSGE Models in a Data-Rich Environment
PDF (912 kb)
Aleksander Berentsen and Christopher Waller: Optimal Stabilization Policy with Flexible Prices
PDF (398 kb)
Lawrence J. Christiano, Martin Eichenbaum and Robert Vigfusson: Assessing Structural VARs (Preliminary)
PDF (400 kb)
Mohamed A. Gammoudi and Rhys R. Mendes: Household Sector Financial Frictions in Canada
PDF (178 kb)
Gregory de Walque, Frank Smets and Raf Wouters: Firm-specific production factors in a DSGE model with Taylor price setting
PDF (368 kb)
Florin O. Bilbiie, Fabio Ghironi and Marc J. Melitz:Business Cycles and Firm Dynamics
PDF (1085 kb)
Organising committee
David Altig, Federal Reserve Bank of Cleveland
Césaire Meh, Bank of Canada
Marcel R. Savioz, Swiss National Bank
Nicolas Cuche-Curti, Swiss National Bank
Conference Secretary
Martina Oswald
Swiss National Bank
P.O. Box
CH-8022 Zurich, Switzerland
Phone: +41 44 631 39 18
Fax: +41 44 631 39 01