Workshop on ‘Asset Prices, Consumption and Monetary Policy’
University of Nottingham
21 May 2009
Organised by the Centre for Finance and Credit Markets, Nottingham and we
are grateful for co-funding from the Money, Macro and Finance Research
Group and the School of Economics, Nottingham.
Location: room A3 Law and Social Sciences building (number 7 on the campus
map), University of Nottingham, University Park, Nottingham, NG7 2RD.
The visitor’s car park is located behind the economics building (Sir Clive
Granger building) number 16 on the map. The car park is pay and display.
A taxi from Nottingham station will take about 10 minutes to the University
Park Campus.
Maps giving directions and the campus layout can be found at
http://www.nottingham.ac.uk/about/campuses/maps.php
Enter the building at the south entrance, next to a statue of D H Lawrence,
and go through the double doors in front of you.
Room A3 is on the right.
Speakers and discussants will be accommodated in the Innkeeper's Lodge
Nottingham, Derby Road, Wollaton Vale, Nottingham, NG8 2NR on the edge of
campus.
Tel: 0845 11 26 051
The website is http://www.innkeeperslodge.com/lodgedetail.asp?lid=45
Programme
10.30-11.00: Welcome and coffee
Morning session
11.00-12.30
Chair: Paul Mizen (University of Nottingham)
“'Real Time' Early Warning Indicators for Costly Asset Price Boom/Bust Cycles:
A Role for Global Liquidity” Lucia Alessi and Carsten Detken (European Central
Bank)
“Liquidity, Inflation and Asset Prices in a Time-Varying Framework for the Euro
Area” Christiane Baumeister, Eveline Durinck and Gert Peersman
(Ghent University)
Discussant: John Tsoukalas (University of Nottingham)
12.30-14.00: Buffet Lunch
Afternoon sessions
14.00-15.30:
Chair: Spiros Bougheas (University of Nottingham)
“Household External Finance and Consumption” Timothy Besley, Neil Meads and
Paolo Surico (Bank of England)
“House Price Volatility and Household Indebtedness in the US and the UK'”
Richard Disney (University of Nottingham) and John Gathergood (University of
Nottingham)
Discussant: Atsuyoshi Morozumi (University of Warwick, Nottingham w.e.f.
August 2009) (TBC)
15.30-16.00: Coffee break
16.00-17.30
Chair: Richard Disney (University of Nottingham)
“Financial Structure and the Impact of Monetary Policy on Asset Prices”
Stefan Gerlach (Goethe University, Frankfurt) and Katrin Assenmacher-Wesche
(Swiss National Bank).
“Household Debt in the Consumer Age: Source of Growth—Risk of Collapse”
Barry Cynamon (University of Chicago) and Steven Fazzari (Washington
University, St Louis)
Discussant: Alec Chrystal (CASS, London)
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