UCL Department of Economics


The new macroeconomics of aggregate fluctuations and stabilisation policy

19 and 20 May 2017

Conference organisers

Morten Ravn (University College London)
Paulo Surico (London Business School)
Gianluca Violante (Princeton University)

Please direct all enquiries to the Event Manager, Nirusha Vigi


Registration Deadline - 10 May 2017


 Friday 19 May

08:30 - 09:00 Registration and coffee
09:00 – 10:00

Atif Mian (Princeton University)* and Amir Sufi, “Banking Deregulation, Credit Supply and Business Cycle Amplification”.

Discussant: Jesus Fernandez-Villaverde (University of Pennsylvania)

10:00 – 11:00

Andreas Fagereng, Martin B. Holm and Gisle James Natvik (BI Norwegian Business School)*, “MPC Heterogeneity and Household Balance Sheets”.

Discussant: Paolo Surico (London Business School and the CEPR)

11:00 – 11:15 Coffee break
11:15 – 12:15

Marcus Hagedorn, Iourii Manovskii and Kurt Mitman (IIES, Stockhom)*, “The Fiscal Multiplier”

Discussant: Florin Bilbiie (Paris School of Economics)

12:15 – 13:30 Lunch break
13:30 - 14:30

Francois Le Grand and Xavier Ragot (OFCE, SciencesPo)*, ”Optimal Fiscal Policy with Heterogeneous Agents and Aggregate Shocks”.

Discussant: Vincent Sterk (University College London, CEPR and CfM)

14:30 – 15:30

Galo Nuno (Banco de Espana)* and Carlos Thomas, “Optimal Monetary Policy with Heterogeneous Agents”.

Discussant: Edouard Challe (CREST)

 15:30 - 16:00  Coffee break
16:00 – 17:00

Anmol Bhandari (University of Minnesota)*, David Evans, Mikhail Golosov and Thomas Sargent, “Optimal Fiscal-Monetary Policy with Redistribution”.

Discussant: Luigi Iovino (Bocconi University)

19:00 19:00: Conference Dinner (by invitation only)

 Saturday 20 May

09:30 – 10:30

Claudio Michelacci and Luigi Paciello (EIEF)*, “Ambiguous Policy Announcement”.

Discussant: Martin Ellison (Oxford University and CfM)

10:30 - 11:00 Coffee break
11:00 - 12:00

Emmanuel Farhi and Ivan Werning (MIT)*, “Monetary Policy, Bounded Rationality and Incomplete Markets”.

Discussant: Ran Spiegler (University College London, Tel Aviv University and CfM)

12:00 – 13:00 Lunch break
13:00 – 14:00

Wei Cui (University College London and CfM)*, “When Ramsey Searches for Liquidity”.

Discussant: Shengxing Zhang (London School of Economics)

14:00 - 15:00

Jordi Gali (CREI and CEPR)*, “Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations”.

Discussant: Franck Portier (TSE and CEPR)


5th Floor State Rooms, 30 Euston Square, London, NW1 2FB, United Kingdom 

Conference Dinner

The conference dinner is by invitation only and will take place at London Business School (Garden Room), Regent's Park NW1 4SA.