FIRST
WORKSHOP EURO AREA BUSINESS CYCLE NETWORK (EABCN)
28
February - 1 March 2003
MADRID,
hosted by Banco de España
Organised
by the Scientific Committee of EABCN Lucrezia Reichlin (ECARES, Université
Libre de Bruxelles and CEPR), Carlo Favero (IGIER, Università
Bocconi and CEPR), Gabriel Perez-Quiros (Banco de España)
and Jérôme Henry (ECB)
PROGRAMME
Friday 28 February
International
Business Cycles
.
10:30-11:00
Similarities
in International Business Cycles
.
*Fabio Canova (Universitat Pompeu Fabra,
Barcelona and CEPR)
Matteo Ciccarelli (European Central
Bank and Universitat de Alicante)
Eva Ortega (Banco de España)
11:00-11:30
Domestic
and International Influences on Business Cycle Regimes
in Europe (Download)
Michael J Artis (European University
Institute, Firenze and CEPR)
Chris Birchenahall (University of Manchester)
*Denise Osborn (University of Manchester)
Marianne Sensier (University of Manchester)
11:30-12:00
Is Economic
Activity in the G7 Synchronised? Common Shocks vs Spillover
Effects (Download)
Alain Monfort (Centre for Research
in Economics and Statisitcs (CREST))
Jean-Paul Renne (Ecole Polytechnique)
Rasmus Ruffer (European Central Bank)
*Giovanni Vitale (European Central
Bank)
12:00-12:30
Discussants: Harald
Uhlig (Humboldt Universitat and CEPR) - discussion
and graphs
Gerhard Korteweg (European Central
Bank)
12:30-15:00
General Discussion and Lunch
The
Euro Area and the US
15.00-15.30
Common
and Idiosyncratic Components of Equity Premia in the US
and the Euro Area and their Power in Explaining Business
Cycle Developments (download)
Fabio Fornari (Banca d'Italia)
15.30-16.00
A Comparison
of US and Euro Area Buiness Cycles: The Relative Contribution
of Shocks and Frictions in a Bayesian DSGE Model(download)
Frank Smets (European Central Bank
and CEPR)
*Rafael Wouters (National Bank of Belgium)
16.30-17.00
What
Caused the Early Millennium Slowdown? Evidence Based on
Vector Autoregressions (download)
Gert Peersman (Bank of England)
17.00-18.00
Discussants: Jordi Gali (CREI, Universitat
Pompeu Fabra and CEPR)
Massimiliano Marcellino (IGIER, Universitá Bocconi
and CEPR)
Peter McAdam (European Central Bank)
18.00-18.30
General Discussion
21.00
Dinner Speaker: Jose Luis Malo de Molina,
(Banca de España)
Saturday 1 March
What
is Changing in the Euro Area?
09.30-10.00
Has the
Transmission Mechanism of European Monetary Policy Changed
Over Time? (Download)
Matteo Ciccarelli (University of Alicante
and European Central Bank)
*Alessandro Rebucci (International
Monetary Fund)
10.00-10.30
Convergence
and Cycles in the Euro-Zone (Download)
