Friday, October 11, 2013
Federal Reserve Bank of San Francisco
Phoenix Conference Room, 4th floor
| 8:00 am | Continental Breakfast |
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| 8:40 am | Welcoming Remarks |
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Glenn Rudebusch |
Morning Session Chair: Simon Kwan, Federal Reserve Bank of San Francisco
| 8:50 am | Dynamic Term Structure Models: The Best Way to Enforce the Zero Lower Bound |
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Martin Andreasen Andrew Meldrum (presenter) Download paper (pdf, 1.1 mb) Discussion: |
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| 9:40 am | Modeling Yields at the Zero Lower Bound: Are Shadow Rates the Solution? |
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Jens Christensen (presenter) Glenn Rudebusch Download paper (pdf, 254 kb) Discussion: |
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| 10:30 am | Break |
| 11:00 am | Estimation of Multi-Factor Shadow-Rate Term Structure Models |
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Don Kim Marcel Priebsch (presenter) Download paper (pdf, 563 kb) – updated 10/9/2013 Discussion: |
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| 11:50 am | A Model of the Euro-Area Yield Curve with Discrete Policy Rates |
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Jean-Paul Renne Download paper (pdf, 2.5 mb) Discussion: |
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| 12:40 pm | Lunch |
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Portland A
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Afternoon Session Chair: Jens Christensen, Federal Reserve Bank of San Francisco
| 2:00 pm | Monetary Policy Expectations at the Zero Lower Bound |
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Michael Bauer (presenter) Glenn Rudebusch Download paper (pdf, 392 kb) Discussion: |
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| 2:50 pm | Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound |
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Jing Cynthia Wu (presenter) Fan Dora Xia Download paper (pdf, 681 kb) – updated 10/6/2013 Discussion: |
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| 3:40 pm | Break |
| 4:10 pm | Linear-Rational Term Structure Models |
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Damir Filipovic Martin Larsson Anders Trolle (presenter) Download paper (pdf, 667 kb) – updated 10/5/2013 Discussion: |
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| 5:00 pm | Reception |
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Portland A
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| 7:00 pm | Adjourn |