1^rst PhD Student Conference in
International Macroeconomics and Financial Econometrics

Organized by the Doctoral School EOS, under the scientific supervision of EconomiX
March 14th, 2012
"salle des colloques", "B" Building
Université Paris Ouest - Nanterre La Défense

Conference objective

This conference is designed to:

• foster intellectual exchanges between PhD students, young and more mature researchers on contemporary research in International Macroeconomics and Financial Econometrics;
• give an opportunity to PhD students to receive useful feedback on their work in progress and to introduce their work to potential collaborating academics in French or foreign universities.

Registrations are closed.

Programme

8:30 AM WELCOME BREAKFAST

Session I : MONETARY POLICY

9:00 AM Thomas GRJEBINE, Sciences Po Paris
"Money, Risk Propagation and the Power of Central Banks in Modern Banking"
Discussant 1 Vincent Bignon, Bank of France and EconomiX-CNRS University of Paris Ouest Nanterre La Défense
Discussant 2 Jean Cartelier, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

9:45 AM Armand FOUEJIEU, LEO-CNRS University of Orléans
"Coping with the recent financial crisis, did inflation targeting make any difference?"
Discussant 1 Jean-Pierre Allégret, EconomiX-CNRS University of Paris Ouest Nanterre La Défense
Discussant 2 Yannick Lucotte, LEO-CNRS University of Orleans

Session II: EXCHANGE RATES, EXCHANGE RATE REGIMES

10:30 AM Samba MBAYE, CERDI University of Auvergne
"Real exchange rate undervaluation and growth: Is there a total factor productivity growth channel?"
Discussant 1 Valérie Mignon, EconomiX-CNRS Université Paris Ouest Nanterre La Défense and CEPII
Discussant 2 Audrey Sallenave, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

11:15 AM 11:30 AM COFFEE BREAK

11:30 AM Ida HJORTSO, European University Institute
"Imbalances and Fiscal Policy in a Monetary Union"
Discussant 1 Tovonony Razafindrabe, EconomiX-CNRS University of Paris Ouest Nanterre La Défense
Discussant 2 Aurélien Saïdi, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

12:15 AM Sisay Regassa SENBETA, University of Antwerp
"A Small Open Economy New Keynesian DSGE model for a foreign exchange constrained economy"
Discussant 1 Benjamin Carton, CEPII
Discussant 2 Mohammed Chahad, Bank of France and EconomiX-CNRS University of Paris Ouest Nanterre La Défense

1:00 PM - 2:00 PM LUNCH

Session III: FINANCIAL MARKETS

2:00 PM Theo BERGER, University of Bremen
"Financial Crisis, Value-at-Risk Forecasts and the Puzzle of Dependency Modeling"
Discussant 1 Imen Mathlouthi, EconomiX-CNRS University of Paris Ouest Nanterre La Défense
Discussant 2 Sessi Tokpavi, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

2:45 PM Michael DONADELLI and Lorenzo PROSPERI, LUISS Guido Carli University
"The Equity Risk Premium: Empirical Evidence from Emerging Markets"
Discussant 1 Henri Audigé, Bank of France and EconomiX-CNRS University of Paris Ouest Nanterre La Défense
Discussant 2 Georges Prat, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

3:30 PM Varvara ISYUK, CES University of Paris I Panthéon Sorbonne
"Financial versus Demand Shocks in Stock Price Returns of US non-financial firms in the Aftermath
of the 2007-2009 Period of the Crisis"
Discussant 1 Aymen Belgacem, LEO-CNRS University of Orléans
Discussant 2 Hélène Raymond, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

4:15 PM-4:30 PM COFFEE BREAK

Session IV: INTERNATIONAL ECONOMICS

4:30 PM Bénédicte BADUEL, IHEAL University of Paris III Sorbonne Nouvelle
"Global Liquidity and Reserves Accumulation in Emerging Countries"
Discussant 1 Vincent Bouvatier, EconomiX-CNRS University of Paris Ouest Nanterre La Défense
Discussant 2 Virginie Coudert, Bank of France, CEPII and EconomiX-CNRS, University of Paris Ouest Nanterre La Défense

5:15 PM Rafael CEZAR, DIAL University of Paris Dauphine
"Newtoning financial development with heterogeneous firms"
Discussant 1 Antoine Berthou, Bank of France and CEPII
Discussant 2 Cécile Couharde, EconomiX-CNRS University of Paris Ouest Nanterre La Défense

Organizing committee:

Scientific Committee: Jean-Pierre Allégret, Sophie Béreau, Vincent Bouvatier, Virginie Coudert, Cécile Couharde (President), Valérie Mignon, Hélène Raymond-Feingold, Sessi Tokpavi.

Organization Committee: Rihab Bedoui, Salem Boubakri, Blaise Gnimassoun, David Guerreiro, Marc Joëts, Mohamed Mehanaoui, Tovonony Razafindrabe, Audrey Sallenave.