The fourth Oslo Workshop on Economic Policy: “Empirical Business cycle modelling and policy in the aftermath of the financial crisis.”

Norwegian School of Management BI, September 3-4 2010

CAMAR - Centre for Applied Macroeconomic Research

Organizers: Hilde C. Bjørnland (Norwegian School of Management), Steinar Holden (University of Oslo) and Kai Leitemo (Norwegian School of Management)


Friday 3 September
08:30 -09:00Coffee and registration
09:00-09:10 Welcome address by Hilde C. Bjørnland
Session I: Financial factors and business cyclesChair: Kai Leitemo, Norwegian School of Management
09:15 Adrian Pagan (University of Technology Sydney): “Exploring the Linkages between Financial Stress and Business Cycles”. Presentation: Pagan
Discussant: Luca Sala (Università Bocconi). Slides
10:15 Marcelle Chauvet (University of California Riverside): “The Seeds of the 2008-2009 Crisis: the Housing Market and the Business Cycle”. Presentation: Chauvet
Discussant: Knut Are Aastveit (Norges Bank). Slides
11:15Coffee break
11:45 Tommaso Monacelli (Università Bocconi):“Mismatch, Banks' Collateral and Business Cycles.”. Presentation: Monacelli
Discussant: Junior Maih (Norges Bank). Slides
12:45-14:00 Lunch at Norwegian School of Management
Session II: Fiscal and Monetary PolicyChair: Steinar Holden, University of Oslo
14:00 Morten Ravn (University College London) “Fiscal Policy in an Expectations Driven Liquidity Trap”. Presentation: Ravn
Discussant: Espen Moen (Norwegian School of Management). Slides
15:00 Mardi Dungey(University of Tasmania): “Fiscal and Monetary Policy Interactions in Australia: a SVAR approach”. Presentation: Dungey
Discussant: Ida Wolden Bache (Handelsbanken). Slides
16:00Coffee break
16:30 Dario Caldara (Stockholm University): “I walk the Line: the Analytics of Fiscal Multipliers in SVARs”. Presentation: Caldara
Discussant: Jørn Inge Halvorsen (Norwegian School of Management). Slides
19:00Dinner at Ekebergrestauranten
Saturday 4 September
Session III Business cycles and predictabilityChair: Hilde C. Bjørnland, Norwegian School of Management
09:30 Denise Osborn (University of Manchester):“Changes in International Business Cycle Affiliations”. Presentation: Osborn
Discussant: Gunnar Bårdsen (Norwegian University of Science and Technology). Slides
10:30 Francesco Ravazzolo (Norges Bank): “Evidence on the Predictability of Oil Prices for US Business Cycles”. Presentation: Ravazzolo
Discussant: Efrem Castelnuovo (University of Paduva). Slides
11:30Coffee break
12:00Panel discussion: Anders Vredin (Swedish Centre for Business and Policy Studies), Amund Holmsen (Norges Bank) and Adrian Pagan (University of Technology Sydney). Presentations: Vredin, Holmsen and Pagan
13:30Lunch (Bølgen & Moi Nydalen) and adjourn

Conference participants

Getting there