Midwest Macro Meetings 2007 |
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Summary of All Sessions |
| # | Date/Time | Location | Title | Papers |
|---|---|---|---|---|
| 1 | April 27, 2007 12:30-14:00 | Horn | Fiscal Policy I | 3 |
| 2 | April 27, 2007 12:30-14:00 | Fancher | Optimal Monetary policy | 3 |
| 3 | April 27, 2007 12:30-14:00 | LC I | Asset Pricing | 3 |
| 4 | April 27, 2007 12:30-14:00 | Fulton | International Financial Fragility | 3 |
| 5 | April 27, 2007 14:15-15:45 | Horn | credit market frictions | 3 |
| 6 | April 27, 2007 14:15-15:45 | Fulton | Monetary Theory | 3 |
| 7 | April 27, 2007 14:15-15:45 | LC I | Growth | 3 |
| 8 | April 27, 2007 14:15-15:45 | Fancher | Development | 3 |
| 9 | April 27, 2007 16:00-17:30 | Horn | Money and Banking I | 3 |
| 10 | April 27, 2007 16:00-17:30 | Fancher | Bank Runs | 3 |
| 11 | April 27, 2007 16:00-17:30 | Fulton | econometric methods | 3 |
| 12 | April 27, 2007 16:00-17:30 | LC I | Learning | 3 |
| 13 | April 27, 2007 17:45-18:45 | 10th Floor | Plenary ; Neil Wallace | 0 |
| 14 | April 28, 2007 8:30-10:00 | Horn | Labor Markets III | 3 |
| 15 | April 28, 2007 8:30-10:00 | LC I | Payments | 3 |
| 16 | April 28, 2007 8:30-10:00 | Fancher | Females/Labor Markets | 3 |
| 17 | April 28, 2007 8:30-10:00 | LC 2 | International Business Cycles | 3 |
| 18 | April 28, 2007 8:30-10:00 | Fulton | Heterogeneity and Financial Markets | 3 |
| 19 | April 28, 2007 10:15-11:45 | LC I | Firm Dynamics | 3 |
| 20 | April 28, 2007 10:15-11:45 | Horn | Financial Markets and Development | 3 |
| 21 | April 28, 2007 10:15-11:45 | Fulton | Inflation and Financial Markets | 3 |
| 22 | April 28, 2007 10:15-11:45 | LC 2 | Inequality II | 3 |
| 23 | April 28, 2007 10:15-11:45 | Fancher | Monetary Theory II | 3 |
| 24 | April 28, 2007 12:30-14:00 | Horn | Bankruptcy/Credit | 3 |
| 25 | April 28, 2007 12:30-14:00 | Fancher | Growth II | 3 |
| 26 | April 28, 2007 12:30-14:00 | Winn | Growth and Firm Dynamics | 3 |
| 27 | April 28, 2007 12:30-14:00 | LC I | Contracts | 3 |
| 28 | April 28, 2007 12:30-14:00 | LC 2 | International Finance | 3 |
| 29 | April 28, 2007 12:30-14:00 | Fulton | Money/Macro | 3 |
| 30 | April 28, 2007 14:15-15:45 | Fulton | Monetary Transmission Mechanism | 3 |
| 31 | April 28, 2007 14:15-15:45 | LC 2 | Inflation | 3 |
| 32 | April 28, 2007 14:15-15:45 | Horn | Search/Labor | 3 |
| 33 | April 28, 2007 14:15-15:45 | Fancher | Development II | 3 |
| 34 | April 28, 2007 14:15-15:45 | LC I | Labor Markets I | 3 |
| 35 | April 28, 2007 16:00-17:30 | Horn | Macro and Credit | 3 |
| 36 | April 28, 2007 16:00-17:30 | Fulton | Fiscal Policy II | 3 |
| 37 | April 28, 2007 16:00-17:30 | Fancher | Labor/Crime | 3 |
| 38 | April 28, 2007 16:00-17:30 | LC 2 | Price Dynamics | 3 |
| 39 | April 28, 2007 16:00-17:30 | LC I | International Trade | 3 |
| 40 | April 28, 2007 17:45-18:45 | 10th Floor | Plenary: Randall Wright | 0 |
| 41 | April 29, 2007 8:30-10:00 | Horn | Monetary Theory: International | 3 |
| 42 | April 29, 2007 8:30-10:00 | Fancher | Labor Markets II | 3 |
| 43 | April 29, 2007 8:30-10:00 | Fulton | Education | 3 |
| 44 | April 29, 2007 8:30-10:00 | LC I | indeterminacy | 3 |
| 45 | April 29, 2007 10:15-11:45 | Fulton | Unemployment | 3 |
| 46 | April 29, 2007 10:15-11:45 | Horn | Labor/Gross Flows | 3 |
| 47 | April 29, 2007 10:15-11:45 | LC I | Inequality | 2 |
| 48 | April 29, 2007 10:15-11:45 | LC 2 | International Macro | 3 |
| 49 | April 29, 2007 10:15-11:45 | Fancher | Housing | 3 |
49 sessions, 140 papers |
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Midwest Macro Meetings 2007 |
|---|
Complete List of All Sessions |
Session 1: Fiscal Policy I |
|---|
| Date: April 27, 2007 |
| Time: 12:30 - 14:00 |
| Location: Horn |
| Long Run Wealth Under Progressive Taxation: The Complete Markets Case |
| By Daniel R. Carroll, University of Virginia Eric R. Young, University of Virginia |
| Presented by: Eric Young, University of Virginia |
| Accounting for Private Information |
| By Laurence Ales, University of Minnesota and Federal Reserve Bank of Minneapolis Pricila Maziero, University of Minnesota and Federal Reserve Bank of Minneapolis |
| Presented by: Laurence Ales, University of Minnesota |
| Endogenous Skill Acquisition and Mirrleesian Taxation |
| By James Bullard Federal Reserve Bank of St Louis Yibo Zhang Washington University in St Louis |
| Presented by: Yibo Zhang, Washington University in St Louis |
Session 2: Optimal Monetary policy |
|---|
| Date: April 27, 2007 |
| Time: 12:30 - 14:00 |
| Location: Fancher |
| Optimal Interest Rate Stabilization in a Basic Sticky-Price Model |
| By Christian Stoltenberg, Humboldt University Berlin and Federal Reserve Bank Minneapolis Matthias Paustian, Bowling Green State University |
| Presented by: Christian Stoltenberg, Humboldt University Berlin |
| Monetary Policy as Equilibrium Selection |
| By Gaetano Antinolfi, Washington University Costas Azariadis, Washington University James Bullard, Federal Reserve Bank of St. Louis |
| Presented by: Gaetano Antinolfi, Washington University |
| The European Central Bank’s Monetary Policy Rule in an Affine Term Structure model. |
| By Maria Eleni Athanasopoulou University of Southern California (USC), Department of Economics |
| Presented by: Maria Eleni Athanasopoulou, University of Southern California |
Session 3: Asset Pricing |
|---|
| Date: April 27, 2007 |
| Time: 12:30 - 14:00 |
| Location: LC I |
| Asset Pricing in a General Equilibrium Production Economy with Chew-Dekel Risk Preferences |
| By Gian Luca Clementi New York University Rui Castro Universite de Montreal Claudio Campanale Universidad de Alicante |
| Presented by: Gian Luca Clementi, Stern School of Business |
| Sustained Societal Benefit of Illiquid Bonds |
| By Ling Sun University of Toronto |
| Presented by: Ling Sun, University of Toronto |
| Crashes and recoveries in illiquid markets |
| By Guillaume Rocheteau (Cleveland Fed) Ricardo Lagos (NYU) Pierre-Olivier Weill (UCLA) |
| Presented by: Guillaume Rocheteau, Federal Reserve Bank of Cleveland |
Session 4: International Financial Fragility |
|---|
| Date: April 27, 2007 |
| Time: 12:30 - 14:00 |
| Location: Fulton |
| Financial Fragility and Exchange Rate Regimes in a Small Open Economy |
| By Wen-Yao Wang, Texas A&M University Paula L. Hernandez-Verme, Texas A&M University |
| Presented by: Wen-Yao Wang, TAMU |
| Bad News, Short-Term Debt and the Usefulness of Reserves |
| By Miguel Messmacher, IMF Alexandros Mourmouras, IMF Steven Russell, IUPUI |
| Presented by: Steven Russell, IUPUI |
| Sovereign Default Risk, Risk Averse Investors and Financial Contagion |
| By Engin Volkan, Ph.D. Candidate in Economics, University of Southern California |
| Presented by: Engin Volkan, USC |
Session 5: credit market frictions |
|---|
| Date: April 27, 2007 |
| Time: 14:15 - 15:45 |
| Location: Horn |
| Credit Market Frictions with Costly Capital Reallocation as a Propagation Mechanism |
| By Andre Kurmann, UQAM Nicolas Petrosky-Nadeau, UQAM |
| Presented by: Andre Kurmann, UQAM |
| Credit Market and Macroeconomic Volatility |
| By Caterina Mendicino, Bank of Canada |
| Presented by: Caterina Mendicino, Bank of Canada |
| Firm Dynamics, Bankruptcy Laws and Total Factor Productivity |
| By Hajime Tomura, Bank of Canada |
| Presented by: Hajime Tomura, Bank of Canada |
Session 6: Monetary Theory |
|---|
| Date: April 27, 2007 |
| Time: 14:15 - 15:45 |
| Location: Fulton |
| Optimal Monetary and Fiscal Policies in a Search Theoretic Model of Monetary Exchange |
| By Pere Gomis-Porqueras Department of Economics University of Miami Adrian Peralta-Alva Department of Economics University of Miami |
| Presented by: Pedro Gomis-Porqueras, University of Miami |
| Optimal Fiscal and Monetary Policy When Money is Essential |
| By S. Boragan Aruoba, University of Maryland Sanjay K. Chugh, Federal Reserve Board |
| Presented by: Sanjay Chugh, Federal Reserve Board |
| The Optimum Quantity of Money Revisited: Distortionary Taxation in a Search Model of Money |
| By Moritz Ritter, University of Toronto |
| Presented by: Moritz Ritter, University of Toronto |
Session 7: Growth |
|---|
| Date: April 27, 2007 |
| Time: 14:15 - 15:45 |
| Location: LC I |
| Factor-Eliminating Technical Change |
| By Pietro Peretto, Economics Dept., Duke U. John J. Seater, Economnics Dept., NC State U. |
| Presented by: John Seater, North Carolina State University |
| An R&D-based Model of Multi-sector Growth |
| By Rachel L. Ngai London School of Economics Roberto M. Samaniego George Washington University |
| Presented by: Roberto Samaniego, George Washington University |
| Firms and Flexibility |
| By Bart Hobijn Federal Reserve Bank of New York Aysegul Sahin Federal Reserve Bank of New York |
| Presented by: Aysegul Sahin, Federal Reserve Bank of New York |
Session 8: Development |
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| Date: April 27, 2007 |
| Time: 14:15 - 15:45 |
| Location: Fancher |
| Endogenous Productivity and Development Accounting |
| By Roc Armenter, FRBNY Amartya Lahiri, University of British Columbia |
| Presented by: Amartya Lahiri, University of British Columbia |
| Minimum Consumption, Uncertainty and Income Differences |
| By B. Ravikumar University of Iowa Michael Waugh University of Iowa |
| Presented by: B Ravikumar, University of Iowa |
| Heterogeneous Firms, Productivity, and Poverty Traps |
| By Levon Barseghyan, Cornell University Riccardo DiCecio, FRB of St. Louis |
| Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis |
Session 9: Money and Banking I |
|---|
| Date: April 27, 2007 |
| Time: 16:00 - 17:30 |
| Location: Horn |
| Banking, Inside Money and Outside Money |
| By Hongfei Sun, University of Toronto |
| Presented by: Hongfei Sun, University of Toronto |
| The Societal Benefits of Outside versus Inside Bonds |
| By Aleksander Berentsen, University of Basel Christopher Waller, University of Notre Dame |
| Presented by: Christopher Waller, University of Notre Dame |
| Optimal Banking Sector Recapitalization |
| By P. Marcelo Oviedo, Iowa State University Shiva Sikdar, Iowa State University |
| Presented by: Shiva Sikdar, Iowa State University |
Session 10: Bank Runs |
|---|
| Date: April 27, 2007 |
| Time: 16:00 - 17:30 |
| Location: Fancher |
| Herding and Bank Runs |
| By Chao Gu Cornell University |
| Presented by: Chao Gu, Cornell University |
| Commitment and Equilibrium Bank Runs |
| By Huberto M. Ennis, Federal Reserve Bank of Richmond Todd Keister, Federal Reserve Bank of New York |
| Presented by: Todd Keister, Federal Reserve Bank of New York |
| Bank runs in a dynamic general equilibrium framework |
| By Francesca Carapella University of Minnesota Minneapolis Fed |
| Presented by: Francesca Carapella, University of Minnesota, Minneapolis FED |
Session 11: econometric methods |
|---|
| Date: April 27, 2007 |
| Time: 16:00 - 17:30 |
| Location: Fulton |
| Forming Priors for DSGE Models (and How It Affects the Assessment of Nominal Rigidities) |
| By Marco DEl Negro, FRB Atlanta Frank Schorfheide, University of Pennsylvania |
| Presented by: Marco Del Negro, FRB Atlanta-Research |
| When Do Sign Restrictions Work? |
| By Matthias Paustian, Bowling Green State University |
| Presented by: Matthias Paustian, Bowling Green State University |
| Method to find the Markovian VARs easily. |
| By Angela Birk, State University of New York at Fredonia, |
| Presented by: Angela Birk, SUNY Fredonia |
Session 12: Learning |
|---|
| Date: April 27, 2007 |
| Time: 16:00 - 17:30 |
| Location: LC I |
| Learning and the Great Moderation |
| By James Bullard, Federal Reserve Bank of St. Louis Aarti Singh, Washington University |
| Presented by: James Bullard, Federal Reserve Bank of St. Louis |
| Learning, monetary policy and asset prices |
| By Marco Airaudo Collegio Carlo Alberto and Univ. of Turin, Italy Salvatore Nisticò LUISS, Italy Luis-Felipe Zanna IMF |
| Presented by: Marco Airaudo, Collegio Carlo Alberto and University of Turin |
| A Tale of Two Rigidities: Sticky Prices in a Sticky Information Environment |
| By Edward S. Knotek II, Federal Reserve Bank of Kansas City |
| Presented by: Edward Knotek II, Federal Reserve Bank of Kansas City |
Session 13: Plenary ; Neil Wallace |
|---|
| Date: April 27, 2007 |
| Time: 17:45 - 18:45 |
| Location: 10th Floor |
Session 14: Labor Markets III |
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| Date: April 28, 2007 |
| Time: 8:30 - 10:00 |
| Location: Horn |
| Equilibrium Matching and Termination |
| By Cheng Wang Iowa State University Youzhi Yang Iowa State University |
| Presented by: Youzhi Yang, Iowa State University |
| Joint search Theory: New Opportunities, New Frictions |
| By Bulent Guler (University of Texas at Austin) Fatih Guvenen (University of Texas at Austin) Gianluca Violante (New York University) |
| Presented by: Bulent Guler, University of Texas at Austin |
| Diffusion and Long-Run Mortality Decline |
| By John Hejkal, University of Iowa |
| Presented by: John Hejkal, University of Iowa |
Session 15: Payments |
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| Date: April 28, 2007 |
| Time: 8:30 - 10:00 |
| Location: LC I |
| Liquidity saving mechanisms |
| By Antoine Martin Federal Reserve Bank of New York Jamie McAndrews Federal Reserve Bank of New York |
| Presented by: Antoine Martin, Federal Reserve Bank of New York |
| Risk and Concentration in Payment and Securities Settlement Systems |
| By David Mills, Federal Reserve Board Travis Nesmith, Federal Reserve Board |
| Presented by: David Mills, Federal Reserve Board |
| Rediscounting Under Aggregate Risk with Moral Hazard |
| By James T.E. Chapman (Bank of Canada) Antoine Martin (Federal Reserve Bank of New York) |
| Presented by: James Chapman, Bank of Canada |
Session 16: Females/Labor Markets |
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| Date: April 28, 2007 |
| Time: 8:30 - 10:00 |
| Location: Fancher |
| Female Human Capital Inequality, Infant Mortality and Growth |
| By Chris Papageorgiou Research Department International Monetary Fund 700 19th Street, NW Washington, DC and Department of Economics Louisiana State University Baton Rouge, LA 70803 E—mail: cpapa@lsu.edu Petia Stoytcheva Department of Economics and Finance Salisbury University Salisbury, MD 21801 E—mail: psstoytcheva@salisbury.edu |
| Presented by: Petia Stoytcheva, Salisbury University |
| The Spatial Diffusion of Female Labor Force Participation: Evidence from US Counties |
| By Alessandra Fogli NYU, Minneapolis Fed, CEPR Stefania Marcassa University of Minnesota, Minneapolis Fed. |
| Presented by: Stefania Marcassa, University of Minnesota and Minneapolis FED |
| The Gap between Equilibrium and Optimal Fertility under Declining Mortality |
| By David Cuberes Clemson University Robert Tamura Clemson University |
| Presented by: David Cuberes, Clemson University |
Session 17: International Business Cycles |
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| Date: April 28, 2007 |
| Time: 8:30 - 10:00 |
| Location: LC 2 |
| Fiscal and Current Account Balances in a Model with Sticky Prices and Distortionary Taxes |
| By Guay Lim, University of Melbourne Paul McNelis, Fordham University |
| Presented by: Paul McNelis, Fordham University |
| What are the driving forces of international business cycles? |
| By Mario J. Crucini, Vanderbilt University Ayhan Kose, IMF Christopher Otrok, University of Virginia |
| Presented by: Mario Crucini, Vanderbilt University |
| Investment frictions and the relative price of investment goods in an open economy mode |
| By Parantap Basu Durham University UK. Christoph Thoenissen, University of St Andrews UK |
| Presented by: Parantap Basu, University of Durham |
Session 18: Heterogeneity and Financial Markets |
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| Date: April 28, 2007 |
| Time: 8:30 - 10:00 |
| Location: Fulton |
| The Cyclical Behavior of Equity Turnover in Financial Markets |
| By David N. DeJong, Department of Economics, University of Pittsburgh Emilio Espino, Department of Economics, Universidad Di Tella |
| Presented by: David DeJong, UNIVERSITY OF PITTSBURGH |
| Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform |
| By Francois Gourio, Boston University Jianjun Miao, Boston University |
| Presented by: Jianjun Miao, Boston University |
| On Balance Sheets, Idiosyncratic Risk and Aggregate Volatility: Is Firm Volatility Good for the Economy? |
| By Luis San Vicente Portes, Montclair State University Deniz Ozenbas, Montclair State University |
| Presented by: Luis San Vicente Portes, Georgetown University |
Session 19: Firm Dynamics |
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| Date: April 28, 2007 |
| Time: 10:15 - 11:45 |
| Location: LC I |
| Enforcement, Incomplete Contracts, and Firm Dynamics |
| By Cristina Arellano, University of Minnesota and Federal Reserve Bank of Minneapolis Yan Bai, Arizona State University Jing Zhang, University of Michigan |
| Presented by: Jing Zhang, University of Michigan |
| The Dynamics of Plant-level Productivity in U.S. Manufacturing |
| By Arpad Abraham University of Rochester T. Kirk White U.S. Bureau of the Census |
| Presented by: Kirk White, U.S. Bureau of the Census |
| Spin-Offs and the Market for Ideas |
| By Satyajit Chatterjee, FRB Philadelphia Esteban Rossi-Hansberg, Princeton |
| Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia |
Session 20: Financial Markets and Development |
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| Date: April 28, 2007 |
| Time: 10:15 - 11:45 |
| Location: Horn |
| The Transition to Entrepreneurship: Human Capital, Wealth and the role of Liquidity Constraints |
| By Camilo Mondragon-Velez Georgetown University |
| Presented by: Camilo Mondragón-Vélez, Georgetown University |
| On the Impact of Extending the Coverage of Social Security in Developing Countries |
| By Chung Tran, Indiana University Juergen Jung, Indiana University |
| Presented by: Chung Tran, Indiana University |
| Entrepreneurship with borrowing constraints in a model of |
| By Rui Castro, University of Montreal Gian Luca Clementi, New York University Aubhik Khan, Federal Reserve Bank of Philadelphia |
| Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia |
Session 21: Inflation and Financial Markets |
|---|
| Date: April 28, 2007 |
| Time: 10:15 - 11:45 |
| Location: Fulton |
| Financial Market Frictions and Price Stability |
| By Gabriele Camera, Purdue Francesco Ruscitti, Purdue |
| Presented by: Gabriele Camera, Purdue University |
| Banking Competiton, Credit Market Activity, and the Effects of Monetary Policy |
| By Robert R. Reed III, University of Kentucky Thanarak Laosuthi, University of Kentucky |
| Presented by: thanarak laosuthi, university of kentucky |
| Inflation and Stock Prices: No Illusion |
| By Chao Wei, George Washington University |
| Presented by: Chao Wei, George Washington University |
Session 22: Inequality II |
|---|
| Date: April 28, 2007 |
| Time: 10:15 - 11:45 |
| Location: LC 2 |
| Interpreting Life-Cycle Inequaltity Patterns under an Efficient Allocation: Mission Impossible? |
| By Alejandro Badel, Georgetown Mark Huggett, Georgetown |
| Presented by: Alejandro Badel, Georgetown University |
| Sources of Lifetime Inequality, |
| By Huggett - Georgetown Ventura - Iowa Yaron - Wharton |
| Presented by: Mark Huggett, Georgetown University |
| Financial Development and Wage Inequality: Theory and Evidence from US States |
| By Michal Jerzmanowski, Clemson University Malhar Nabar, Wellesley College |
| Presented by: Malhar Nabar, Wellesley College |
Session 23: Monetary Theory II |
|---|
| Date: April 28, 2007 |
| Time: 10:15 - 11:45 |
| Location: Fancher |
| Idiosyncratic Uncertainty, Inflation and Welfare |
| By Jonathan Chiu Bank of Canada Miguel Molico Bank of Canada |
| Presented by: Miguel Molico, Bank of Canada |
| Equilibrium and Media of Exchange in a Convex Trading Post Economy with Transaction Costs |
| By Ross M. Starr, Economics Department, University of California, San Diego |
| Presented by: Ross STARR, University of California, San Diego |
| Money in a Credit Economy in the Presence of Shocks |
| By Andrei Shevchenko Michigan State University |
| Presented by: Andrei Shevchenko, Michigan State University |
Session 24: Bankruptcy/Credit |
|---|
| Date: April 28, 2007 |
| Time: 12:30 - 14:00 |
| Location: Horn |
| Unsecured Credit and Self-Employment |
| By Ahmet Akyol, York University Kartik Athreya, Federal Reserve Bank of Richmond |
| Presented by: Ahmet Akyol, York University |
| Credit Markets and Relationships in a Learning Economy |
| By Luis Araujo, Michigan State University Raoul Minetti, Michigan State University |
| Presented by: Raoul Minetti, Michigan State University |
| Information Technology and the Rise of Household Bankruptcy |
| By Borghan Nezami Narajabad University of Texas at Austin |
| Presented by: Borghan Nezami Narajabad, University of Texas at Austin |
Session 25: Growth II |
|---|
| Date: April 28, 2007 |
| Time: 12:30 - 14:00 |
| Location: Fancher |
| Rejuveniles and Growth |
| By Richard Barnett Villanova University Joydeep Bhattacharya Iowa State University |
| Presented by: Richard Barnett, Villanova University |
| Violence and Capital |
| By Zsolt Becsi, Southern Illinois University |
| Presented by: Zsolt Becsi, Southern Illinois University |
| Borrowing Constraints, Child Labor and Welfare |
| By Jorge Soares University of Delaware |
| Presented by: Jorge Soares, University of Delaware |
Session 26: Growth and Firm Dynamics |
|---|
| Date: April 28, 2007 |
| Time: 12:30 - 14:00 |
| Location: Winn |
| A Theory of Transition to a Better Technology |
| By Simona E. Cociuba University of Minnesota and Federal Reserve Bank of Minneapolis |
| Presented by: Simona Cociuba, University of Minnesota |
| Duration of New Firms Across Entry Cohorts |
| By Kim Huynh, Indiana University Robert Petrunia, Lakhead University Marcel Voia, Carleton University |
| Presented by: Kim Huynh, Indiana University |
| Investment and Firm Dynamics |
| By Pablo D'Erasmo. University of Texas at Austin |
| Presented by: Pablo D'Erasmo, University of Texas at Austin |
Session 27: Contracts |
|---|
| Date: April 28, 2007 |
| Time: 12:30 - 14:00 |
| Location: LC I |
| Optimal Unemployment Insurance with Adverse Selection |
| By David Fuller, University of Iowa |
| Presented by: David Fuller, University of Iowa |
| Dynamic Optimal Insurance and Lack of Commitment |
| By Alexander Karaivanov, Simon Fraser University Fernando M. Martin, Simon Fraser University |
| Presented by: Fernando Martin, Simon Fraser University |
| Bankruptcy Rule and Default Incentives for Student Loans |
| By Anamaria Felicia Ionescu Colgate University |
| Presented by: Anamaria Ionescu, Colgate University |
Session 28: International Finance |
|---|
| Date: April 28, 2007 |
| Time: 12:30 - 14:00 |
| Location: LC 2 |
| Government Default and Banking Regulation |
| By Igor Livshits, University of Western Ontario |
| Presented by: Igor Livshits, University of Western Ontario |
| "The Non--Monotonic Relationship between Interest Rates and Exchange Rates" |
| By Viktoria Hnatkovska, University of British Columbia Amartya Lahiri, University of British Columbia Carlos Vegh, University of Maryland |
| Presented by: Viktoria Hnatkovska, University of British Columbia |
| Persistent Real Exchange Rates |
| By Alok Johri, McMaaster University Amartya Lahiri, UBC |
| Presented by: Alok Johri, McMaster University |
Session 29: Money/Macro |
|---|
| Date: April 28, 2007 |
| Time: 12:30 - 14:00 |
| Location: Fulton |
| Trend Inflation, Wage and Price Dispersion and Welfare |
| By Robert Amano, Bank of Canada Kevin Moran, Laval University Stephen Murchison, Bank of Canada Andrew Rennison, Bank of Canada |
| Presented by: Kevin Moran, Laval University |
| Inflation, the nominal interest rate and economic fluctuations: The business cycle accounting perspective |
| By Roman Sustek, Bank of England |
| Presented by: Roman Sustek, Bank of England |
| Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models |
| By Michael F. Gallmeyer, Texas A&M Burton Hollifield, Carnegie Mellon Francisco Palomino, Carnegie Mellon Stanley E. Zin, Carnegie Mellon and NBER |
| Presented by: Stanley Zin, Carnegie Mellon University |
Session 30: Monetary Transmission Mechanism |
|---|
| Date: April 28, 2007 |
| Time: 14:15 - 15:45 |
| Location: Fulton |
| Breaking the New Keynesian Dichotomy: Asset Market Segmentation and the Monetary Transmission Mechanism |
| By Robert G. King, Boston University and NBER Julia K. Thomas, Federal Reserve Bank of Philadelphia and NBER |
| Presented by: Julia Thomas, Federal Reserve Bank of Philadelphia |
| Optimal Monetary Policy under Asset Market Segmentation |
| By Amartya Lahiri, University of British Columbia Rajesh Singh, Iowa State University Carlos Vegh, University of Maryland |
| Presented by: Rajesh Singh, iowa state university |
| Monetary Conservatism and Fiscal Policy |
| By Klaus Adam, ECB Roberto M. Billi, FRB Kansas City |
| Presented by: Roberto M. Billi, FRB Kansas City |
Session 31: Inflation |
|---|
| Date: April 28, 2007 |
| Time: 14:15 - 15:45 |
| Location: LC 2 |
| Inside Money, Credit, and Investment |
| By Scott J. Dressler, Villanova University Victor Li, Villanova University |
| Presented by: Scott Dressler, Villanova University |
| Prices and Interest Rate Indexing |
| By Tim Jones, University of Texas at Austin |
| Presented by: Timothy Jones, University of Texas at Austin |
| The Role of Local Distribution Costs in Consumer Price |
| By Chikako Baba University of Wisconsin-Madison |
| Presented by: Chikako Baba, University of Wisconsin - Madison |
Session 32: Search/Labor |
|---|
| Date: April 28, 2007 |
| Time: 14:15 - 15:45 |
| Location: Horn |
| Cyclical Behavior of Unemployment and Job Vacancies: Evidence from Canada |
| By Min Zhang University of Toronto |
| Presented by: Min Zhang, University of Toronto |
| Labor-Market Implications of Contracts under Moral Hazard |
| By Kangwoo Park (Seoul National University, Korea) |
| Presented by: kangwoo Park, Seoul National University |
| On Frictionless (Mis) Matching and Unemployment |
| By Javier A. Birchenall Department of Economics University of California at Santa Barbara |
| Presented by: Javier Birchenall, |
Session 33: Development II |
|---|
| Date: April 28, 2007 |
| Time: 14:15 - 15:45 |
| Location: Fancher |
| Financial Integration and Cyclicality of Monetary Policy in Small Open Economies |
| By Rice University |
| Presented by: Yossi Yakhin, Rice University |
| Finance and Competition |
| By Ana Fernandes University of Bern Harris Dellas University of Bern |
| Presented by: Ana Fernandes, University of Bern |
| "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle" |
| By Irina A. Telyukova, UCSD and Randall Wright, University of Pennsylvania |
| Presented by: Irina Telyukova, University of California San Diego |
Session 34: Labor Markets I |
|---|
| Date: April 28, 2007 |
| Time: 14:15 - 15:45 |
| Location: LC I |
| Nature or Nurture? Learning and Female Labor Force Dynamics |
| By Alessandra Fogli, Federal Reserve of Minneapolis, NYU and CEPR Laura Veldkamp, Stern School of Business, NYU |
| Presented by: Alessandra Fogli, NYU and Minneapolis Fed |
| The Role of Education in Development |
| By Juan Carlos Cordoba, Rice University Marla Ripoll, University of Pittsburgh |
| Presented by: Marla Ripoll, University of Pittsburgh |
| Engines of Liberation: The Impact of Technological Progress and Market Structure |
| By Sebastien Buttet Cleveland State University |
| Presented by: Sebastien Buttet, Cleveland State University |
Session 35: Macro and Credit |
|---|
| Date: April 28, 2007 |
| Time: 16:00 - 17:30 |
| Location: Horn |
| An open-economy general equilibrium model with housing investment and financial frictions |
| By Ian Christensen, Bank of Canada Paul Corrigan, Bank of Canada Shinichi Nishiyama, Bank of Canada |
| Presented by: Paul Corrigan, Bank of Canada |
| Capital Reallocation, Productivity, and Expectation-Driven Business Cycles |
| By Kaiji Chen, University of Oslo Zheng Song, Fudan University |
| Presented by: Kaiji Chen, University of Oslo |
| Does High Debt Service Hinder Household Consumption Smoothing? |
| By Kathleen Johnson Federal Reserve Board Geng Li Federal Reserve Board |
| Presented by: Geng Li, The Federal Reserve Board |
Session 36: Fiscal Policy II |
|---|
| Date: April 28, 2007 |
| Time: 16:00 - 17:30 |
| Location: Fulton |
| Countercyclical Taxes in a Monopolistically Competitive Environment |
| By Ioana Moldovan, University of Glasgow |
| Presented by: Ioana Moldovan, University of Glasgow |
| Competitive Annuity and Life Insurance Pools and Social Security |
| By Roozbeh Hosseini, University of Minnesota and Federal Reserve Bank of Minneapolis |
| Presented by: Roozbeh Hosseini, University of Minnesota |
| Public-Private Input Substitution and Growth in a Two-Stage Education System |
| By Ioana Schiopu, Indiana University at Bloomington Calin Arcalean, Indiana University at Bloomington |
| Presented by: Ioana Schiopu, Indiana University |
Session 37: Labor/Crime |
|---|
| Date: April 28, 2007 |
| Time: 16:00 - 17:30 |
| Location: Fancher |
| The Effect of Employment Frictions on Crime: Theory and Estimation |
| By Bryan Engelhardt, University of Iowa |
| Presented by: Bryan Engelhardt, University of Iowa |
| A Search-Theoretic Model of the Retail Market for Illegal Drugs |
| By Manolis Galenianos, Penn State University Rosalie Liccardo Pacula, RAND Nicola Persico, NYU |
| Presented by: Manolis Galenianos, Pennsylvania State University |
| Unemployment Insurance in an Economy with a Hidden Labor Market |
| By Fernando A. Alvarez-Parra University of Rochester and Central Bank of Venezuela Juan M. Sanchez University of Rochester |
| Presented by: Juan Sanchez, University of Rochester |
Session 38: Price Dynamics |
|---|
| Date: April 28, 2007 |
| Time: 16:00 - 17:30 |
| Location: LC 2 |
| Multi-Sector Menu Cost Model, Decreasing Hazard, and Phillips Curve |
| By Hidetaka Enomoto, Bank of Japan |
| Presented by: Hidetaka Enomoto, Bank of Japan |
| Factor Intensity and Price Rigidity: Evidence and Theory |
| By Ekaterina Peneva, Indiana University |
| Presented by: Ekaterina Peneva, Indiana University |
| Investigating Inflation Persistence in the ACF domain |
| By Giovanni Caggiano, Efrem Castelnuovo University of Glasgow, University of Padua |
| Presented by: Efrem Castelnuovo, University of Padua |
Session 39: International Trade |
|---|
| Date: April 28, 2007 |
| Time: 16:00 - 17:30 |
| Location: LC I |
| Real Exchange Rate Fluctuations, Endogenous Tradability and Exchange Rate Regimes |
| By Purdue University |
| Presented by: Kanda Naknoi, Purdue University |
| Exchange Rate Volatility and First-Time Entry by Multinational Firms |
| By Katheryn N. Russ University of California, Davis and NBER |
| Presented by: Katheryn Russ, University of California, Davis |
| FDI, Exports & Aggregate Productivity |
| By Joel Rodrigue, Queen's University |
| Presented by: Joel Rodrigue, Queen's University |
Session 40: Plenary: Randall Wright |
|---|
| Date: April 28, 2007 |
| Time: 17:45 - 18:45 |
| Location: 10th Floor |
Session 41: Monetary Theory: International |
|---|
| Date: April 29, 2007 |
| Time: 8:30 - 10:00 |
| Location: Horn |
| On The Welfare Benefits Of An International Currency |
| By Prakash Kannan |
| Presented by: Prakash Kannan, International Monetary Fund |
| Currency Areas and Monetary Coordination |
| By Qing Liu, University of Toronto Shouyong Shi, University of Toronto |
| Presented by: Qing Liu, University of Toronto |
| Optimal Monetary Policy in an Open Economy with State-dependent Pricing |
| By Richard W. Evans, The University of Texas at Austin |
| Presented by: Richard Evans, University of Texas at Austin |
Session 42: Labor Markets II |
|---|
| Date: April 29, 2007 |
| Time: 8:30 - 10:00 |
| Location: Fancher |
| Credible Redistributive Policies and Migration Across U.S. states |
| By Roc Armenter, FRB New York Francesc Ortega, Universitat Pompeu Fabra |
| Presented by: Roc Armenter, Federal Reserve Bank of New York |
| The Participation Margin and the Business Cycle: A Fresh Look |
| By Monique Ebell, Humboldt-University of Berlin |
| Presented by: Monique Ebell, Humboldt-University of Berlin |
| The contribution of rising school quality to U.S. economic growth |
| By Hye Mi You, University of Rochester |
| Presented by: Hye Mi You, University of Rochester |
Session 43: Education |
|---|
| Date: April 29, 2007 |
| Time: 8:30 - 10:00 |
| Location: Fulton |
| Educational Attainment in U.S. Cities |
| By Lutz Hendricks, Iowa State University |
| Presented by: Lutz Hendricks, Iowa State University |
| The Causes and Consequences of Cross-Country Differences in Schooling Attainment |
| By Todd Schoellman, Department of Economics, Stanford University |
| Presented by: Todd Schoellman, Stanford University |
| Skill Premium, Schooling Decisions, Skill-Biased Technological and Demographic Change: A Macroeconomic Analysis |
| By Hui He University of Minnesota |
| Presented by: Hui He, University of Minnesota |
Session 44: indeterminacy |
|---|
| Date: April 29, 2007 |
| Time: 8:30 - 10:00 |
| Location: LC I |
| Indeterminacy and the Elasticity of Substitution in One-Sector Models |
| By Tsz Nga Wong, The Chinese University of Hong Kong Chong K. Yip, The Chinese University of Hong Kong |
| Presented by: Chong Yip, Chinese University of Hong Kong |
| Indeterminacy, Labor Market Search, and Interest Rate Policy |
| By Takushi Kurozumi, Bank of Japan Willem Van Zandweghe, Carnegie Mellon University |
| Presented by: Willem Van Zandweghe, Carnegie Mellon University |
| Optimal Monetary Policy and Equilibrium Determinacy in a Financially Fragile Economy |
| By Ufuk Devrim Demirel University of Colorado at Boulder |
| Presented by: Devrim Demirel, University of Colorado at Boulder |
Session 45: Unemployment |
|---|
| Date: April 29, 2007 |
| Time: 10:15 - 11:45 |
| Location: Fulton |
| Unemployment Insurance in a Dynamic Economy with Endogenous Layoffs |
| By Sherry (Xue) Qiao Iowa State University |
| Presented by: Xue(sherry) Qiao, Iowa State University |
| Uninsurable Individual Risk and the Cyclical Behavior of Unemployment and Vacancies |
| By Enchuan Shao, University of Iowa Pedro Silos, Federal Reserve Bank of Atlanta |
| Presented by: Enchuan Shao, University of Iowa |
| Unemployment Dynamics and Social Security |
| By Silvio Rendon (ITAM) Juan Rojas (Bank of Spain) |
| Presented by: Silvio Rendon, Instituto Tecnologico Autonomo de Mexico (ITAM) |
Session 46: Labor/Gross Flows |
|---|
| Date: April 29, 2007 |
| Time: 10:15 - 11:45 |
| Location: Horn |
| Understanding Gross Workers Flows Across U.S. States |
| By Daniele Coen-Pirani (Carnegie Mellon University) |
| Presented by: Daniele Coen-Pirani, Carnegie Mellon University |
| Job and Workers Flows in Europe and the US: Specific Skills or Employment Protection? |
| By Alain Delacroix (UQAM) Etienne Wasmer (IEP Paris) |
| Presented by: Alain Delacroix, public |
| Regional Mobility and Self-Selection: Skill Composition of Movers vs. Stayers |
| By Damba Lkhagvasuren University of Rochester and Northwestern University |
| Presented by: Damba Lkhagvasuren, Northwestern University |
Session 47: Inequality |
|---|
| Date: April 29, 2007 |
| Time: 10:15 - 11:45 |
| Location: LC I |
| Intergenerational Human Capital Evolution, Local Public Good Preferences, and Stratification |
| By Been-Lon Chen, Academia Sinica Shin-Kun Peng, Academia Sinica/National Taiwan U Ping Wang, Washington University in St. Louis/NBER |
| Presented by: Ping Wang, Washington University of St. Louis |
| Job Separations, Heterogeneity, and Earnings Inequality |
| By Pedro Amaral Southern Methodist University University of Minnesota |
| Presented by: Pedro Amaral, Southern Methodist University |
Session 48: International Macro |
|---|
| Date: April 29, 2007 |
| Time: 10:15 - 11:45 |
| Location: LC 2 |
| Home Bias, Exchange Rate Disconnect, and Optimal Exchange Rate Policy |
| By Jian Wang, Federal Reserve Bank of Dallas |
| Presented by: Jian Wang, Federal Reserve Bank of Dallas |
| Has Exchange Rate Pass-Through Really Declined? Evidence from Canada |
| By Hafedh Bouakez (HEC Montréal) Nooman Rebei (Bank of Canada) |
| Presented by: Hafedh Bouakez, HEC Montreal |
| A Simple Model of Sectoral and Firm-Level Heterogeneity |
| By Manoj Atolia, Florida State University |
| Presented by: Manoj Atolia, Florida State University |
Session 49: Housing |
|---|
| Date: April 29, 2007 |
| Time: 10:15 - 11:45 |
| Location: Fancher |
| City Choice with Cobb-Douglas Preferences: Theory and Measurement |
| By Morris A. Davis University of Wisconsin-Madison Francois Ortalo-Magne University of Wisconsin-Madison |
| Presented by: Morris Davis, University of Wisconsin-Madison, School |
| Housing Markets with Competitive Search |
| By Charla Ka Yui Leung, City University of Hong Kong Jun Zhang, Chinese University of Hong Kong |
| Presented by: Jun Zhang, Chinese University of Hong Kong |
| A Search Model of the Housing Market, Housing Price Volatility and the Rise in the Home Vacancy Rate |
| By Brian Peterson, Indiana University |
| Presented by: Brian Peterson, Indiana University |
This program was last updated on 2007-04-23 14:20:13 EDT