Opening Remarks
Tiff Macklem (Bank of Canada)
Session 1: Survey Expectations
Chair: Cars Hommes (Bank of Canada)
The Macroeconomic Expectations of Firms
Yuriy Gorodnichenko (UC Berkeley)
Discussant: Michael McMahon (University of Oxford)
Expectations and Bank Lending
Yueran Ma (The University of Chicago Booth School of Business)
Discussant: Juliane Begenau (Stanford University)
Session 2: Experience and Learning
Chair: Timothy Lane (Bank of Canada)
The Longlasting Effects of Crises and Other Past Experiences on Expectations and Economic Decisions
Ulrike Malmendier (UC Berkeley)
Discussant: John Williams (Federal Reserve Bank of New York)
Expectations, Stagnation and Fiscal Policy: A Nonlinear Analysis
George Evans (University of Oregon)
Discussant: Stefano Eusepi (University of Texas)
Session 3: Behavioral Household Finance
Chair: Lawrence Schembri (Bank of Canada)
Present Bias Amplifies the Household Balance Sheet Channels of Monetary Policy
David Laibson (Harvard University), Peter Maxted (Harvard University) and Benjamin Moll (London School of Economics)
Discussant: Greg Kaplan (University of Chicago)
Does Saving Cause Borrowing?
Michaela Pagel (Columbia University)
Discussant: Francesco D’Acunto (Boston College)
Session 4: Experimental Macroeconomics and Finance
Chair: Grahame Johnson (Bank of Canada)
A horse race of monetary policy regimes: an experimental investigation
Luba Petersen (Simon Fraser University)
Discussant: Athanasios Orphanides (Massachusetts Institute of Technology)
The Banker’s Oath And Financial Advice
Michael Kirchler (University of Innsbruck)
Discussant: Elena Asparouhova (University of Utah)
John Kuszczak Memorial Lecture
Chair: Paul Beaudry (Bank of Canada)
Keynote Address: Narrative Economics and Monetary Policy
Robert Shiller (2013 Nobel Laureate for Economic Sciences, Yale University)
Session 5: Agent-Based Models
Chair: Virginie Traclet (Bank of Canada)
How market ecology, leverage and network dynamics explain market malfunction
Doyne Farmer (University of Oxford)
Discussant: Jim MacGee (Bank of Canada)
An Agent-Based Model for Canada (CAN-ABM): a New Frontier of Modeling the Canadian Economy
Yang Zhang (Bank of Canada)
Discussant: Marco del Negro (Federal Reserve Bank of New York)
Panel Discussion: Behavioral Macroeconomics and Finance: Implications for Central Bankers
Moderator: Sharon Kozicki (Bank of Canada)
James Bullard (Federal Reserve Bank of St. Louis)
Michael Woodford (Columbia University)
Doyne Farmer (University of Oxford)
Closing Remarks
Toni Gravelle (Bank of Canada)
Content Type(s):
Conferences and workshops