zum Inhalt springen

2010 Cologne Workshop on Macroeconomics

The Center for Macroeconomic Research (CMR) is organizing the first "Cologne Workshop on Macroeconomics". The workshop took place at the University of Cologne on September 24-25.

Friday, Sept. 24





Alexander Ludwig (University of Cologne): Welcoming Participants



Session 1


10:00 to 10:50

Klaus Adam (University of Mannheim): “Booms and Busts in Asset Prices
Discussant: Martin Barbie (University of Cologne)

10:50 to 11:40

Marcus Hagedorn (University of Zurich): “Search Frictions and Wage Dispersion”
Discussant: Helge Braun (University of Cologne)



11:40 to 12:00

Coffee Break



12:00 to 12:50

Leo Kaas (University of Konstanz): ”Efficient Firm Dynamics in a Frictional Labor Market
Discussant: Rüdiger Bachmann (University of Michigan)



12:50 to 14:00

Lunch Break



Session 2


14:00 to 14:50

Steffen Habermalz (Northwestern University): “Rational Inattention and Employer Learning
Discussant: Pawel Krolikowski (University of Michigan)

14:50 to 15:40

Moritz Kuhn (University of Bonn): “Labor market rigidity and business cycle volatility
Discussant: Almut Balleer (IIES at Stockholm University)



15:40 to 16:00

Coffee Break



16:00 to 16:50

Sebastian Koehne (University of Mannheim): “Optimal Income Taxation with Asset Accumulation”
Discussant: Christian Hellwig (Toulouse)

16:50 to 17:40

Michael Burda (Humbolt University Berlin): “Payroll Taxes, Social Insurance and Business Cycles
Discussant: Christian Merkl (IfW Kiel)



17:40 to 18:00

Coffee Break



18:00 to 18:50

Marek Kapicka (UC Santa Barbara): “Consumption risk sharing under private information when earnings are persistent
Discussant: Philip Jung (University of Mannheim)




Conference Dinner

Saturday, Sept. 25




Session 3


9:00 to 9:50

Marten Hillebrand (Karlsruhe Institute of Technology): “Government Debt, Interest Policy, and Tax Stabilization in an Overlapping Generations Economy
Discussant: Daniel Harenberg (University of Mannheim)

9:50 to 10:40

Wolfgang Kuhle (University of Mannheim): “The Optimum Structure for Government Debt
Discussant: Dirk Paulsen (University of Cologne)



10:40 to 11:00

Coffee Break



11:00 to 11:50

Christoph Winter (University of Zürich): “Mortgage Loans, the Decline of the Household Saving Rate and the Increase in Risk-Sharing
Discussant: Dirk Krüger (University of Pennsylvania)

11:50 to 12:40

Michael Reiter (IHS): “Approximate Aggregation in a Model of State-Dependent Pricing: A Temporary Equilibrium Approach
Discussant: Alexander Ludwig (University of Cologne)



12:40 to 14:00

Lunch Break



14:00 to 15:00

Poster Session
Almut Balleer (IIES at Stockholm University “Cyclical Skill-Biased Technological Change”
Peter Haan (University of Frankfurt): “Longevity, Life-Cycle Employment and Fiscal Policy”
Pawel Krolikowski (University of Michigan): “Equilibrium Dynamics of Displaced Worker Earnings”
Alexander Ludwig (University of Cologne): “Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation”
Christian Merkl (IfW Kiel): “Fiscal Multipliers and the Labour Market in the Open Economy”
Johannes Pfeifer (BGSE, Bonn): “How Uncertainty about Taxes Contributes to Macroeconomic Volatility
Steven Sumner (University of San Diego): “Changes in Bank Equity and Changes in Interest Rate Sensitivity”



Session 4


15:00 to 15:50

David De La Croix (UC Louvain): “Do Brain Drain and Poverty Result from Coordination Failures?
Discussant: Peter Funk (University of Cologne)

15:50 to 16:40

Alexander Bick (Goethe University, Frankfurt): “The Quantitative Role of Child Care for Female Labor Force Participation and Fertility
Discussant: Georg Dürnecker (University of Mannheim)



16:40 to 17:00

Coffee Break



17:00 to 17:50

Edgar Vogel (University of Mannheim): “Human Capital and the Demographic Transition: Why Schooling Became Optimal
Discussant: Peter Haan (University of Frankfurt)

17:50 to 18:40

Michele Tertilt (Stanford University): “An Equilibrium Model of the African HIV/AIDS Epidemic”
Discussant: David Jaeger (University of Cologne)

kindly supported by




rector's office of the University of Cologne