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WORKSHOP EXPERIMENTS IN MONETARY POLICY November 5-6, 2014 ENS Lyon

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WORKSHOP EXPERIMENTS IN MONETARY POLICY November 5-6, 2014

ENS Lyon

15, Parvis René Descartes - 69007 Lyon

Salle Réunion n°2 – IFE – Bâtiment Buisson

Program

Wednesday November 5 09:00 – 09:30 Opening

09:30 – 10:30 Keynote speech by Klaus Adam (University of Mannheim): “Housing Prices and Robustly Optimal Monetary Policy” (joint with Michael Woodford).

10:30 – 11:00 Coffee break (Galerie IFE)

11:00 – 12:30 Luba Petersen (Simon Fraser University): “Liquidity Traps and Central Bank Communication: Learning and Experiments” (joint with Jasmina Arifovic and Andry Baranskyy).

Thomas Eife (University of Heidelberg): “Price Competition in an Inflationary Environment” (joint with Peter Duersch).

12:30 – 14:00 Lunch (cafeteria)

14:00 – 15:30 John Van Huyck (

Texas A&M University

): “Is Reputation a Substitute for Commitment in the Peasant-Dictator Game?” (joint with Raymond Battalio and Mary Walters).

Frank Heinemann (Technical University Berlin): “Central Bank Reputation, Transparency and Cheap Talk as Substitutes for Commitment: Experimental Evidence” (joint with John Duffy).

15:30 – 16:00 Coffee break (Galerie IFE)

16:00 – 17:30 Simone Alfarano (Jaume I University): “The Role of Public and Private Information in a Laboratory Financial Market” (joint with Eva Camacho and Andrea Morone).

Camille Cornand (CNRS – GATE L-SE): “The predominant role of signals precision in experimental beauty contest” (joint with Romain Baeriswyl).

20:00 – 22:00 Dinner (Vatel Restaurant - 8 rue Duhamel - 69002 Lyon)

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November 6, 2014

09:30 – 10:30 Keynote speech by Cars Hommes (CeNDEF, University of Amsterdam): “Managing self- organization of expectations through monetary policy in complex systems”.

10:30 – 11:00 Coffee break (Galerie IFE)

11:00 – 12:30 Florian Wagener (CeNDEF, University of Amsterdam): “Expectations in Experiments”.

Karolina Tura (Poznań University of Economics): "Measures of inflation used in inflation projections-experiences of the selected European countries".

12:30 – 14:00 Lunch (cafeteria)

14:00 – 14:45 Baptiste Massenot (Goethe University Frankfurt): “Prior Outcomes and Instability in Experimental Credit Markets” (joint with Sascha Baghestanian and Ferdinand von Siemens).

Organizers:

Camille Cornand (CNRS, GATE L-SE) – cornand@gate.cnrs.fr

Frank Heinemann (Technical University Berlin) – frank.heinemann@tu-berlin.de

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