The 3^rd Oslo Workshop on Monetary Policy

Monetary Policy and the Labor Market

June 13-14, 2008

Program

Administrasjonsbygget, Blindern Campus, building 1 on map.

Friday, June 13

09:00        Coffee

09:25        Welcome address

Session One

Chair: Steinar Holden, University of Oslo

09:30        The (Un)Importance of Unemployment Fluctuations for Welfare

Philip Jung, University of Amsterdam

Keith Kuester, European Central Bank

Discussant: Gisle Natvik, University of Oslo

10:30        Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment

and Staggered Wage Negotiation

Gregory de Walque, National Bank of Belgium and University of Namur

Olivier Pierrard, Banque Centrale du Luxembourg and Université Catholique de Louvain

Henri Sneessens, Université Catholique de Louvain

Raf Wouters, National Bank of Belgium and Université Catholique de Louvain

Discussant: Keith Kuester, European Central Bank

11:30        Coffee

11:45        Search Frictions, Real Rigidities and Inflation Dynamics

Carlos Thomas, Bank of Spain

Discussant: Tommy Sveen, Norges Bank

12:45        Lunch

Session Two

Chair: Ulf Söderström, Bocconi University

14:15        Sticky Prices, Sticky Wages, and also Unemployment

Miguel Casares, Universidad Pública de Navarra

Discussant: Andreas Westermark, Uppsala University

15:15        Do Sticky Prices Make Sense?

Nils Gottfries, Uppsala University

Johan Söderberg, Uppsala University

Discussant: Henrik Jensen, University of Copenhagen

16:15        Coffee

16:30        International Labour Mobility and Monetary Policy

Morten Spange, Bank of England

Tony Yates, Bank of England

Discussant: Juha Kilponen, Bank of Finland

19:00        Dinner at Pascal, Henrik Ibsensgate 36 (previously Drammensveien 10)

Saturday, June 14

08:30        Coffee

Session Three

Chair: Kai Leitemo, BI Norwegian School of Management

09:00        The Business Cycle Implications of Reciprocity in Labor Relations

Jean-Pierre Danthine, Université de Lausanne

André Kurmann, Université du Québec à Montréal

Discussant: Francesco Furlanetto, Norges Bank

10:00        The Impact of Reference Norms on Inflation Persistence when Wages

are Staggered: Theoretical Analysis and Empirical Results

Markus Knell, Oesterreichische Nationalbank

Alfred Stiglbauer, Oesterreichische Nationalbank

Discussant: Roger Bjørnstad, Statistics Norway

11:00        Coffee

11:15        Fiscal Policy, Labour Unions and Monetary Institutions: Their Long Run

Impact on Unemployment, Inflation and Welfare

Alex Cukierman, Tel Aviv University

Alberto Dalmazzo, University of Siena

Discussant: Krisztina Molnar, Norwegian School of Economics and Business Adm.

12:15        Wage Rigidity and Inflation

Steinar Holden, University of Oslo and Norges Bank

Fredrik Wulfsberg, Norges Bank

Discussant: Asbjørn Rødseth, University of Oslo.

13:15        Lunch

Time allocation: 35 minutes for presenters, 15 minutes for discussants, 10 minutes for general discussion

Participants at the Oslo Workshop on
Monetary Policy and the Labour Market
June 13-14, 2008
Surname	Name	Institution
Bjørnstad	Roger	Statistics Norway
Casares	Miguel	Universidad Pública de Navarra
Chen	Kaji	University of Oslo
Cukierman	Alex	Tel Aviv University
de Walque	Gregory	National Bank of Belgium
Furlanetto	Francesco	Bank of Norway
Gottfries	Nils	Uppsala University
Holden	Steinar	University of Oslo
Ilbas	Pelin	Catholic University of Leuven
Jensen	Henrik	University of Copenhagen
Jung	Philip	University of Amsterdam
Kilponen	Juha	Bank of Finland
Knell	Markus	Oesterreichische Nationalbank
Krogh	Tord	University of Oslo
Kuester	Keith	European Central Bank
Kurmann	André	Université du Québec à Montréal
Leitemo	Kai	BI Norwegian School of Management
Molnar	Krisztina	Norwegian School of Economics and Business Adm.
Mork	Knut Anton	Handelsbanken Capital Markets
Natvik	Gisle	University of Oslo
Nymoen	Ragnar	University of Oslo
Ringen	Andreas	University of Oslo
Rødseth	Asbjørn	University of Oslo
Sala	Luca	Bocconi University
Spange	Morten	Bank of England
Sparrman	Victoria	University of Oslo
Sveen	Tommy	Bank of Norway
Söderstrom	Ulf	Bocconi University
Thomas	Carlos	Bank of Spain
Tveter	Eivind	Statistics Norway
van Ommeren	Jos	Vrije Universiteit Amsterdam
Westermark	Andreas	Uppsala University
Wulfsberg	Fredrik	Bank of Norway