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16th Annual Texas Monetary Conference

May 3–4, 2008
Federal Reserve Bank of Dallas

Jointly sponsored by the Federal Reserve Bank of Dallas, University of Texas–Austin, Texas A&M University, Rice University, Southern Methodist University and University of Houston.

Recovered from a Wayback Machine snapshot dated May 12, 2008. The source labels this a Tentative Program. Schedule text and times are preserved; formatting has been adapted. Paper links point to Wayback lookups and have not been individually verified.

Saturday, May 3

8.00 a.m. Continental Breakfast
8:55 a.m. Welcome & Rules of the Game
9:00 a.m. Executing Long Run Restrictions
Bill Dupor, Ohio State University
9:50 a.m. Discussant
Nathan Balke, Southern Methodist University
10:05 a.m. Open Discussion
10:15 a.m. Inflation and Interest Rates with Endogenous Market Segmentation
Julia Thomas, Federal Reserve Bank of Philadelphia
11:05 a.m.

Discussant
Paula Hernandez-Verme, Texas A&M University
11:20 a.m. Open discussion
11:30 a.m. Break
11:45 a.m.

Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information
Guido Lorenzoni, Massachusetts Institute of Technology
12:35 p.m. Discussant
Borghan Narajabad, Rice University
12:50 p.m. Open Discussion
1:00 p.m. Lunch
2:30 p.m. Forming Priors for DSGE Models
Frank Schorfheide, University of Pennsylvania
3:20 p.m. Discussant
Erwan Quintin, Federal Reserve Bank of Dallas
3:35 p.m. Open Discussion
3:45 p.m. Break
4:00 p.m. Investment Shocks and Business Cycles
Giorgio Primiceri, Northwestern University
4:50 p.m. Discussant
Pedro Amaral, Southern Methodist University
5:05 p.m. Open Discussion

Sunday, May 4

8:00 a.m. Continental Breakfast
8:30 a.m.

Daily Monetary Policy Shocks and the Delayed Response of New Home Sales
James D. Hamilton, University of California, San Diego
9:20 a.m. Discussant
Bent Sorensen, University of Houston
9:35 a.m. Open Discussion
9:45 a.m.

Sales and Monetary Policy
Kevin Sheedy, London School of Economics and Political Science
10:35 a.m. Discussant
Ananth Ramanarayanan, Federal Reserve Bank of Dallas
10:40 a.m. Open Discussion
11:00 a.m. Break
11:15 a.m.

Welfare Costs of Inflation in a Menu Cost Model
Ariel Burstein and Christian Hellwig, University of California, Los Angeles
12:05 p.m. Discussant
Hagen Kim, Texas A&M University
12:20 p.m.

Open Discussion
12:30 p.m.

Lunch and Farewell