| November 8, 2013 | |
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| 12:00 to 12:45 | Registration, Hanson Hall Atrium |
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| 17:30 to 18:30 | Plenary Session - Per Krusell (IIES), Carlson School of Management, Room L110 |
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| Plenary Session - Per Krusell (IIES) Carlson School of Management, Room L110 November 8, 2013 17:30 to 18:30 |
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Summary of All Sessions |
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| Date/Time | Location | Type | Title | Papers |
|---|---|---|---|---|
| November 8, 2013 12:45-14:45 | Hanson 1-107 | contributed | Topics in Macro and Credit | 4 |
| November 8, 2013 12:45-14:45 | Hanson 1-103 | contributed | Government Policy | 3 |
| November 8, 2013 12:45-14:45 | Hanson 1-109 | contributed | International Finance | 4 |
| November 8, 2013 12:45-14:45 | Hanson 1-105 | contributed | Fiscal Policy | 4 |
| November 8, 2013 15:00-17:00 | Hanson 1-107 | contributed | Response to Shocks | 4 |
| November 8, 2013 15:00-17:00 | Hanson 1-103 | contributed | International Trade | 4 |
| November 8, 2013 15:00-17:00 | Hanson 1-109 | contributed | Openness and Development | 4 |
| November 8, 2013 15:00-17:00 | Hanson 1-105 | contributed | Factor Taxation | 4 |
| November 9, 2013 8:45-10:45 | Hanson 1-107 | contributed | Firms and the Labor Market | 3 |
| November 9, 2013 8:45-10:45 | Hanson 1-105 | contributed | Monetary Policy I | 4 |
| November 9, 2013 8:45-10:45 | Hanson 1-104 | contributed | Development and Labor Markets | 4 |
| November 9, 2013 8:45-10:45 | Hanson 1-103 | contributed | Sectoral and Firm-Level Shocks | 3 |
| November 9, 2013 8:45-10:45 | Hanson 1-102 | contributed | International Macro and Policy | 4 |
| November 9, 2013 11:00-13:00 | Hanson 1-107 | contributed | Commodities and Cycles | 4 |
| November 9, 2013 11:00-13:00 | Hanson 1-105 | contributed | New Theories of Cycles | 4 |
| November 9, 2013 11:00-13:00 | Hanson 1-104 | contributed | Monetary Policy II | 3 |
| November 9, 2013 11:00-13:00 | Hanson 1-103 | contributed | Labor Market Policy | 4 |
| November 9, 2013 11:00-13:00 | Hanson 1-102 | contributed | Solving Heterogeneous Agents Economies | 4 |
| November 9, 2013 13:45-15:45 | Hanson 1-107 | contributed | Households and Macro II | 4 |
| November 9, 2013 13:45-15:45 | Hanson 1-105 | contributed | Households | 4 |
| November 9, 2013 13:45-15:45 | Hanson 1-104 | contributed | Topics in Tax Policy | 4 |
| November 9, 2013 13:45-15:45 | Hanson 1-103 | contributed | Topics in Development | 4 |
| November 9, 2013 13:45-15:45 | Hanson 1-102 | contributed | Labor: Unemployment and Worker Characteristics | 4 |
| November 9, 2013 16:00-18:00 | Hanson 1-107 | contributed | Households and Macro I | 4 |
| November 9, 2013 16:00-18:00 | Hanson 1-105 | contributed | Money, Credit and Banking | 4 |
| November 9, 2013 16:00-18:00 | Hanson 1-104 | contributed | Labor Allocation | 4 |
| November 9, 2013 16:00-18:00 | Hanson 1-103 | contributed | Growth and Structural Change | 4 |
| November 9, 2013 16:00-18:00 | Hanson 1-102 | contributed | Policy News and Uncertainty | 4 |
| November 10, 2013 8:45-10:45 | Hanson 1-102 | contributed | Labor Market and Inequality | 4 |
| November 10, 2013 8:45-10:45 | Hanson 1-109 | contributed | Optimal Tax Policy | 4 |
| November 10, 2013 8:45-10:45 | Hanson 1-103 | contributed | Labor Markets, Entrepreneurs and Cycles | 4 |
| November 10, 2013 8:45-10:45 | Hanson 1-105 | contributed | Growth: Capital and Technology | 4 |
| November 10, 2013 11:00-13:00 | Hanson 1-103 | contributed | Estimation and Solution Methods of Macro Models | 3 |
| November 10, 2013 11:00-13:00 | Hanson 1-102 | contributed | Unemployment and Business Cycles | 4 |
| November 10, 2013 11:00-13:00 | Hanson 1-105 | contributed | Macroeconomics and Credit | 4 |
| November 10, 2013 11:00-13:00 | Hanson 1-109 | contributed | Topics in Macro | 4 |
36 sessions, 139 papers, and 0 presentations with no associated papers |
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Fall 2013 Midwest Macro Meeting |
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Detailed List of Sessions |
| Session: Topics in Macro and Credit November 8, 2013 12:45 to 14:45 Hanson 1-107 |
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| Session Chair: Jose-Victor Rios-Rull, University of Minnesota |
| Session type: contributed |
| Debt: Deleveraging or Default |
| By Guillermo Ordonez; University of Pennsylvania David Perez-Reyna; University of Minnesota Motohiro Yogo; Federal Reserve Bank of Minneapolis |
| Presented by: David Perez-Reyna, University of Minnesota |
| Overborrowing, Deleveraging and A Great Recession |
| By Phuong Ngo; Cleveland State University |
| Presented by: Phuong Ngo, Cleveland State University |
| Aggregate Consequences of Dynamic Credit Relationships |
| By Stephane Verani; Federal Reserve Board |
| Presented by: Stephane Verani, Federal Reserve Board |
| Financial Frictions, Asset Prices, and the Great Recession |
| By Jose-Victor Rios-Rull; University of Minnesota Zhen Huo; University of Minnesota |
| Presented by: Jose-Victor Rios-Rull, University of Minnesota |
| Session: Government Policy November 8, 2013 12:45 to 14:45 Hanson 1-103 |
| Session Chair: Sang-Wook (Stanley) Cho, University of New South Wales |
| Session type: contributed |
| The Heterogeneous Effects of Government Spending: It's All About Taxes |
| [slides] |
| By Axelle Ferriere; NYU Stern Gaston Navarro; New York University |
| Presented by: Axelle Ferriere, NYU Stern |
| Immigration Policy In The OECD: Why So Different? |
| By Zachary Mahone; University of Minnesota Filippo Rebessi; University of Minnesota |
| Presented by: Filippo Rebessi, University of Minnesota |
| Accounting for Skill Premium Patterns during the EU Accession: Productivity or Trade? |
| By Sang-Wook (Stanley) Cho; University of New South Wales Julian Diaz; Loyola University Chicago |
| Presented by: Sang-Wook (Stanley) Cho, University of New South Wales |
| Session: International Finance November 8, 2013 12:45 to 14:45 Hanson 1-109 |
| Session Chair: Adam Gulan, Bank of Finland |
| Session type: contributed |
| Credit Market Frictions and Sudden Stops |
| By Yuko Imura; Bank of Canada |
| Presented by: Yuko Imura, Bank of Canada |
| Optimal Reserve Accumulation with Financial Frictions |
| By Joseph Steinberg; University of Toronto |
| Presented by: Joseph Steinberg, University of Toronto |
| Interest Rates and Business Cycles in Emerging Economies. The Role of Financial Frictions |
| By Adam Gulan; Bank of Finland Andres Fernandez; Inter American Development Bank |
| Presented by: Adam Gulan, Bank of Finland |
| Net Foreign Asset (Com)position: Does Financial Development Matter? |
| By Robert Vermeulen; De Nederlandsche Bank |
| Presented by: Robert Vermeulen, De Nederlandsche Bank |
| Session: Fiscal Policy November 8, 2013 12:45 to 14:45 Hanson 1-105 |
| Session Chair: Marcelo Zouain Pedroni, University of Minnesota |
| Session type: contributed |
| Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners |
| By Bettina Brueggemann; Goethe University Frankfurt Jinhyuk Yoo; Geothe University Frankfurt |
| Presented by: Jinhyuk Yoo, Geothe University Frankfurt |
| Distribution Effects of Consumption Tax Reform with Durable Goods |
| [slides] |
| By Qian Li; SUNY-Stony Brook |
| Presented by: Qian Li, SUNY-Stony Brook |
| The Welfare Costs of Fiscal Uncertainty: a Quantitative Evaluation |
| By Ruediger Bachmann; RWTH Aachen University Jinhui Bai; Georgetown University Minjoon Lee; University of Michigan Fudong Zhang; University of Michigan |
| Presented by: Jinhui Bai, Georgetown University |
| Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Shocks |
| By Sebastian Dyrda; University of MInnesota Marcelo Zouain Pedroni; University of Minnesota |
| Presented by: Marcelo Zouain Pedroni, University of Minnesota |
| Session: Response to Shocks November 8, 2013 15:00 to 17:00 Hanson 1-107 |
| Session Chair: Zhen Huo, University of Minnesota |
| Session type: contributed |
| Collusion and Cyclicality of Markups |
| By Hassan Afrouzi K.; University of Texas at Austin |
| Presented by: Hassan Afrouzi K., University of Texas at Austin |
| The Distributional Effects of Government Spending Shocks |
| By Rong Li; The Ohio State University |
| Presented by: Rong Li, The Ohio State University |
| Does plant level non-convex adjustment cost matter for news driven aggregate investment dynamics ? |
| [slides] |
| By Jinhee Woo; University of Rochester |
| Presented by: Jinhee Woo, University of Rochester |
| Sticky Wage Models with Labor Supply Constraint |
| By Zhen Huo; University of Minnesota Jose-Victor Rios-Rull; University of Minnesota |
| Presented by: Zhen Huo, University of Minnesota |
| Session: International Trade November 8, 2013 15:00 to 17:00 Hanson 1-103 |
| Session Chair: Wyatt Brooks, University of Notre Dame |
| Session type: contributed |
| Outsourcing and the Rise in Services |
| By Giuseppe Berlingieri; London School of Economics |
| Presented by: Giuseppe Berlingieri, London School of Economics |
| Antidumping in the Aggregate |
| By Kim Ruhl; New York University Stern School of Busi |
| Presented by: Kim Ruhl, New York University Stern School of Busi |
| Multi-Stage Production and Gains from Trade |
| By Minho Kim; Washington University in St. Louis |
| Presented by: Minho Kim, Washington University in St. Louis |
| Trade Patterns, Income Differences and Gains from Trade |
| By Wyatt Brooks; University of Notre Dame Pau Pujolas; McMaster University |
| Presented by: Wyatt Brooks, University of Notre Dame |
| Session: Openness and Development November 8, 2013 15:00 to 17:00 Hanson 1-109 |
| Session Chair: Wenbiao Cai, University of Winnipeg |
| Session type: contributed |
| FISCAL LIMITS, EXTERNAL DEBT, AND FISCAL POLICY IN DEVELOPING COUNTRIES |
| By Huixin Bi; Bank of Canada Wenyi Shen; Oklahoma State University Shu-Chun Yang; Research Department |
| Presented by: Wenyi Shen, |
| On Openness, Government Size and Differentiated Factor Intensities |
| By Mingming Jiang; University of California, Riverside |
| Presented by: Mingming Jiang, University of California, Riverside |
| Barriers to Firm Growth in Open Economies |
| By Facundo Piguillem; Einaudi Institute for Economics and Fina Loris Rubini; Universidad Carlos III de Madrid |
| Presented by: Loris Rubini, Universidad Carlos III de Madrid |
| The Quantitative Importance of Openness in Development |
| By Wenbiao Cai; University of Winnipeg B Ravikumar; Federal Reserve Bank of St Louis Raymond Riezman; University of Iowa |
| Presented by: Wenbiao Cai, University of Winnipeg |
| Session: Factor Taxation November 8, 2013 15:00 to 17:00 Hanson 1-105 |
| Session Chair: Sarah Zubairy, Texas A&M University |
| Session type: contributed |
| Capital Income Tax Reforms |
| By Ctirad Slavik; Goethe University Frankfurt Hakki Yazici; Sabanci University |
| Presented by: Ctirad Slavik, Goethe University Frankfurt |
| Will a Decline in The Corporate Income Tax Rate Generate Jobs? |
| By Don Schlagenhauf; Florida State University |
| Presented by: Don Schlagenhauf, Florida State University |
| Tasks, Talents, and Taxes |
| [slides] |
| By Laurence Ales; Carnegie Mellon University Musab Kurnaz; Carnegie Mellon University, Tepper School of Business Christopher Sleet; Carnegie Mellon University |
| Presented by: Musab Kurnaz, Carnegie Mellon University, Tepper School of Business |
| Housing and Tax Policy |
| By Sami Alpanda; Bank of Canada Sarah Zubairy; Texas A&M University |
| Presented by: Sarah Zubairy, Texas A&M University |
| Session: Firms and the Labor Market November 9, 2013 8:45 to 10:45 Hanson 1-107 |
| Session Chair: Jiwoon Kim, University of Minnesota |
| Session type: contributed |
| Productivity Insurance: The Role of Unemployment Benefits in a Multi-Sector Model |
| By David Fuller; Concordia University Marianna Kudlyak; Federal Reserve Bank of Richmond Damba Lkhagvasuren; Concordia University and CIREQ |
| Presented by: David Fuller, Concordia University |
| General v.-s. Specific Human Capital, Endogenous Job Turnover, and Within-Group Wage Inequality |
| By Yang Tang; Nanyang Technological University |
| Presented by: Yang Tang, Nanyang Technological University |
| Wage Negotiations in Multi-worker Firms and Labor Market Fluctuations |
| [slides] |
| By Jiwoon Kim; University of Minnesota |
| Presented by: Jiwoon Kim, University of Minnesota |
| Session: Monetary Policy I November 9, 2013 8:45 to 10:45 Hanson 1-105 |
| Session Chair: Aubhik Khan, Ohio State University |
| Session type: contributed |
| Optimal Monetary Policy under the Presence of Informality |
| By Ceyhun Elgin; Bogazici University Salim Ergene; Boğaziçi University Tolga Umut Kuzubas; Bogazici University |
| Presented by: Salim Ergene, Boğaziçi University |
| Forward Guidance Under Uncertainty |
| [slides] |
| By Brent Bundick; Boston College |
| Presented by: Brent Bundick, Boston College |
| Mortgages and Monetary Policy |
| [slides] |
| By Carlos Garriga; Federal Reserve Bank of St. Louis |
| Presented by: Carlos Garriga, Federal Reserve Bank of St. Louis |
| Revisiting the Tale of Two Interest Rates with Endogenous Asset Market Segmentation |
| By Aubhik Khan; Ohio State University Julia Thomas; The Ohio State University |
| Presented by: Aubhik Khan, Ohio State University |
| Session: Development and Labor Markets November 9, 2013 8:45 to 10:45 Hanson 1-104 |
| Session Chair: Marina Mendes Tavares, ITAM |
| Session type: contributed |
| Barriers to Health and the Poverty Trap |
| By Yin-Chi Wang; Chinese University of Hong Kong Ping Wang; Washington University in St. Louis |
| Presented by: Ping Wang, Washington University in St. Louis |
| Yin-Chi Wang, Chinese University of Hong Kong |
| Technological Change and the Gender Unemployment Gap |
| By Orhan Atesagaoglu; SUNY-Stony Brook |
| Presented by: Orhan Atesagaoglu, SUNY-Stony Brook |
| Globalization, Technological Change, and Wage Inequality: The Case of Mexico |
| By Andrea Waddle; University of Minnesota |
| Presented by: Andrea Waddle, University of Minnesota |
| Social Security and Informality |
| By Marina Mendes Tavares; ITAM Jorge Alonso Ortiz; Arizona State University |
| Presented by: Marina Mendes Tavares, ITAM |
| Session: Sectoral and Firm-Level Shocks November 9, 2013 8:45 to 10:45 Hanson 1-103 |
| Session Chair: Julieta Caunedo, Washington University in St. Louis |
| Session type: contributed |
| Intangibles and Endogenous Firm Volatility over the Business Cycle |
| By Ryan Decker; University of Maryland Pablo D'Erasmo; University of Maryland / FRB Philadelphia Hernan Moscoso Boedo; University of Virginia |
| Presented by: Ryan Decker, University of Maryland |
| How Important Are Sectoral Shocks? |
| By Enghin Atalay; University of Chicago |
| Presented by: Enghin Atalay, University of Chicago |
| Aggregate Fluctuations and the Industry Structure of the US economy |
| By Julieta Caunedo; Washington University in St. Louis |
| Presented by: Julieta Caunedo, Washington University in St. Louis |
| Session: International Macro and Policy November 9, 2013 8:45 to 10:45 Hanson 1-102 |
| Session Chair: Christopher Waller, University of Notre Dame |
| Session type: contributed |
| Uncertainty and Aggregate macroeconomic fluctuations in Small Open Economies |
| By Diego Vilan; University of Southern California |
| Presented by: Diego Vilan, University of Southern California |
| Managing Capital Flows in Emerging Markets: Reserves Option Mechanism as an Unconventional Policy Tool |
| By Salih Fendoglu; Central Bank of Turkey Yasin Mimir; Central Bank of Turkey Enes Sunel; Central Bank of Turkey Temel Taskin; Central Bank of the Republic of Turkey |
| Presented by: Enes Sunel, Central Bank of Turkey |
| Government Spending and Endogenous Growth in a Monetary Search Model |
| [slides] |
| By Richard Suen; University of Connecticut Wei Wang; University of Connecticut |
| Presented by: Wei Wang, University of Connecticut |
| Breaking Karaken and Wallace Indeterminacy Result |
| By Christopher Waller |
| Presented by: Christopher Waller, |
| Session: Commodities and Cycles November 9, 2013 11:00 to 13:00 Hanson 1-107 |
| Session Chair: Lance Kent, College of William and Mary |
| Session type: contributed |
| Macroprudential Policies in a Commodity Exporting Economy |
| By Andres Gonzalez Gomez; Universidad de los Andes Franz Hamann; Banco de la Republica Diego Rodriguez; Banco de la República |
| Presented by: Diego Rodriguez, Banco de la República |
| How Wide Was the Ocean?: U.S. and Swedish Commodity Price Dispersion from 1732 to 1860 |
| By Mario Crucini; Vanderbilt University |
| Presented by: Mario Crucini, Vanderbilt University |
| Trends and Cycles in World Primary Commodity Markets: A General Equilibrium Analysis |
| By Mario Crucini; Vanderbilt University Yuanzhi Gao; Vanderbilt University |
| Presented by: Yuanzhi Gao, Vanderbilt University |
| Linkages, Transmission, and the Evolution of International Business Cycles |
| By Lance Kent; College of William and Mary |
| Presented by: Lance Kent, College of William and Mary |
| Session: New Theories of Cycles November 9, 2013 11:00 to 13:00 Hanson 1-105 |
| Session Chair: Russell Tsz-Nga Wong, Bank of Canada |
| Session type: contributed |
| Reputation and TFP Shocks |
| [slides] |
| By Boyan Jovanovic; New York University Julien Prat; Institute for Economic Analysis (CSIC) |
| Presented by: Boyan Jovanovic, New York University |
| A Forest Fire Theory of Recessions and Unemployment |
| By Matthew Jackson; Stanford University Pietro Tebaldi; Stanford University |
| Presented by: Pietro Tebaldi, Stanford University |
| Uncertainty and Sentiment-Driven Equilibria |
| By Jess Benhabib; NYU Pengfei Wang; Hong Kong University of Science and Technology Yi Wen |
| Presented by: Jess Benhabib, NYU |
| Equilibrium Default Contagion and Central Counterparties in the Over-the-Counter Markets |
| By James Chapman; Bank of Canada Russell Tsz-Nga Wong; Bank of Canada |
| Presented by: Russell Tsz-Nga Wong, Bank of Canada |
| Session: Monetary Policy II November 9, 2013 11:00 to 13:00 Hanson 1-104 |
| Session Chair: Udara Peiris, NRU Higher School of Economics |
| Session type: contributed |
| Quantitative Easing in a Growing Economy |
| By Parantap Basu; Durham University |
| Presented by: Parantap Basu, Durham University |
| Time Consistent Quantitative Easing |
| By Matthew Hoelle; Purdue University |
| Presented by: Matthew Hoelle, Purdue University |
| Monetary Policy and Quantitative Easing in an Open Economy: Prices, Exchange Rates and Risk Premia |
| By Udara Peiris; NRU Higher School of Economics Herakles Polemarchakis; University of Warwick |
| Presented by: Udara Peiris, NRU Higher School of Economics |
| Session: Labor Market Policy November 9, 2013 11:00 to 13:00 Hanson 1-103 |
| Session Chair: B Ravikumar, Federal Reserve Bank of St Louis |
| Session type: contributed |
| Labor Market Dynamics With Search Frictions: Impact of Financing Constraints Due to Moral Hazard During Severe Economic Downturns |
| By Manoj Atolia; Florida State University John Gibson; Georgia State University Milton Marquis; Florida State University |
| Presented by: Manoj Atolia, Florida State University |
| Unemployment Insurance Eligibility and Wage Dynamics |
| By Brennan Platt; Brigham Young University |
| Presented by: Brennan Platt, Brigham Young University |
| Labor Market Policies in a Dual Economy |
| By Sagiri Kitao; Hunter College Julen Esteban-Pretel; National Graduate Institute for Policy S |
| Presented by: Sagiri Kitao, Hunter College |
| Unemployment Insurance Fraud and Optimal Monitoring |
| By David Fuller; Concordia University B Ravikumar; Federal Reserve Bank of St Louis Yuzhe Zhang; Texas A&M University |
| Presented by: B Ravikumar, Federal Reserve Bank of St Louis |
| Session: Solving Heterogeneous Agents Economies November 9, 2013 11:00 to 13:00 Hanson 1-102 |
| Session Chair: Yulei Peng, Texas A&M University |
| Session type: contributed |
| Computing Dynamic Heterogeneous-Agent Economies: Tracking the Distribution |
| [slides] |
| By Grey Gordon; Indiana University |
| Presented by: Grey Gordon, Indiana University |
| Solving the Incomplete Markets Model with Aggregate Uncertainty: The Method of Mixture Distributions |
| By Erick Sager; University of Minnesota |
| Presented by: Erick Sager, University of Minnesota |
| Equilibrium Heterogeneous-Agent Models as Measurement Tools: some Monte Carlo Evidence |
| By Marco Cozzi; Queen's University |
| Presented by: Marco Cozzi, Queen's University |
| Optimal Fiscal and Monetary Policy with Heterogeneous Agents and Nonlinear Income Taxation |
| By Yulei Peng; Texas A&M University |
| Presented by: Yulei Peng, Texas A&M University |
| Session: Households and Macro II November 9, 2013 13:45 to 15:45 Hanson 1-107 |
| Session Chair: Andrew Glover, University of Texas at Austin |
| Session type: contributed |
| Analyzing the Effects of Insuring Health Risks: On the Tradeoff between Short-Run Insurance Benefits vs. Long-Run Incentive Costs |
| By Harold Cole; University of Pennsylvania Soojin Kim; Purdue University Dirk Krueger; University of Pennsylvania |
| Presented by: Soojin Kim, Purdue University |
| Equilibrium Default and Hyperbolic Discounting |
| By Makoto Nakajima; Federal Reserve Bank of Philadelphia |
| Presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia |
| Macroeconomic Implications of Long-Term Care Policies |
| By Daniel Barczyk; McGill University Matthias Kredler; Universidad Carlos III Madrid |
| Presented by: Daniel Barczyk, McGill University |
| Can Employer Credit Checks Create Poverty Traps? |
| By Andrew Glover; University of Texas at Austin |
| Presented by: Andrew Glover, University of Texas at Austin |
| Session: Households November 9, 2013 13:45 to 15:45 Hanson 1-105 |
| Session Chair: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City |
| Session type: contributed |
| Gender gaps and the rise of the service economy |
| By Rachel Ngai; london school of economics Barbara Petrongolo; Queen Mary University and CEP (LSE) |
| Presented by: Rachel Ngai, london school of economics |
| Female Labor Supply and the Consumption to Output Ratio |
| By Kellie Forrester; UCSB |
| Presented by: Kellie Forrester, UCSB |
| Labor Market Institutions and Family Formation in Japan |
| By Naoki Takayama; University of Minnesota |
| Presented by: Naoki Takayama, University of Minnesota |
| The Aggregate Implications of Labor Supply Near Retirement |
| By Jose Mustre-del-Rio; Federal Reserve Bank of Kansas City William Peterman; Federal Reserve Board of Governors |
| Presented by: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City |
| Session: Topics in Tax Policy November 9, 2013 13:45 to 15:45 Hanson 1-104 |
| Session Chair: Radek Stefanski, Laval University |
| Session type: contributed |
| State Dependent Fiscal Output and Welfare Multipliers |
| By Jonathan Wolff; University of Notre Dame Eric Sims; University of Notre Dame |
| Presented by: Jonathan Wolff, University of Notre Dame |
| Fiscal Sentiment and the Weak Recovery from the Great Recession: A Quantitative Exploration |
| By Finn Kydland; University of California, Santa Barbara Carlos Zarazaga; Federal Reserve Bank of Dallas |
| Presented by: Carlos Zarazaga, Federal Reserve Bank of Dallas |
| Understanding the Effects of Federal Medicaid Subsidies |
| By Jorge Barro; Louisiana State University Stephen Barnes; Louisiana State University |
| Presented by: Jorge Barro, Louisiana State University |
| Dirty Little Secrets: Inferring Fossil-Fuel Subsidies from Patterns in Emission Intensities |
| By Radek Stefanski; Laval University |
| Presented by: Radek Stefanski, Laval University |
| Session: Topics in Development November 9, 2013 13:45 to 15:45 Hanson 1-103 |
| Session Chair: Jorge Lorca, University of Minnesota |
| Session type: contributed |
| Transportation costs, self-employment, and the Aggregate Productivity of India |
| By Jose Asturias; University of Minnesota Manuel García-Santana; ECARES Scott Petty; University of Minnesota Roberto Ramos; Bank of Spain |
| Presented by: Manuel García-Santana, ECARES |
| Nonlinear Pricing of Food in Village Economies |
| [slides] |
| By Orazio Attanasio; University College London Elena Pastorino; University of Minnesota |
| Presented by: Elena Pastorino, University of Minnesota |
| Enduring Relationships in an Economy with Capital and Private Information |
| By Aubhik Khan; Ohio State University Latchezar Popov; The University of Virginia B Ravikumar; Federal Reserve Bank of St Louis |
| Presented by: Latchezar Popov, The University of Virginia |
| Political Budget Cycles, Information and Development |
| By Jorge Lorca; University of Minnesota |
| Presented by: Jorge Lorca, University of Minnesota |
| Session: Labor: Unemployment and Worker Characteristics November 9, 2013 13:45 to 15:45 Hanson 1-102 |
| Session Chair: Shu Lin Wee, University of Maryland, College Park |
| Session type: contributed |
| Variations on a Theme: The Cyclicality of Unemployment and the Relevance of Endogenous Home Production |
| By Julio Garin; University of Georgia Robert Lester; University of Notre Dame |
| Presented by: Robert Lester, University of Notre Dame |
| Experience, Skill Composition, and the Persistence of Unemployment Fluctuations |
| By Aspen Gorry; Utah State University David Munro; University of California Santa Cruz |
| Presented by: Aspen Gorry, Utah State University |
| The Blighted Youth: An International Comparison of Life-Cycle Unemployment |
| By Bernabe Lopez-Martin; University of Minnesota Naoki Takayama; University of Minnesota |
| Presented by: Bernabe Lopez-Martin, University of Minnesota |
| Born Under a Bad Sign: The Cost of Entering the Job Market During a Recession |
| By Shu Lin Wee; University of Maryland, College Park |
| Presented by: Shu Lin Wee, University of Maryland, College Park |
| Session: Households and Macro I November 9, 2013 16:00 to 18:00 Hanson 1-107 |
| Session Chair: Weicheng Lian, Princeton University |
| Session type: contributed |
| The Cyclical Dynamics of Illiquid Housing, Debt, and Foreclosures |
| By Aaron Hedlund; Baylor University |
| Presented by: Aaron Hedlund, Baylor University |
| Family Composition and the Optimal Demand for Housing over the Life Cycle |
| By Marcel Fischer; Copenhagen Business School Natalia Khorunzhina; Copenhagen Business School |
| Presented by: Natalia Khorunzhina, Copenhagen Business School |
| The Ins and Outs of Selling Houses |
| By Rachel Ngai; london school of economics Kevin Sheedy; London School of Economics |
| Presented by: Kevin Sheedy, London School of Economics |
| Financing Constraints, Growth Expectations and Housing Price in the Medium Run |
| [slides] |
| By Weicheng Lian; Princeton University |
| Presented by: Weicheng Lian, Princeton University |
| Session: Money, Credit and Banking November 9, 2013 16:00 to 18:00 Hanson 1-105 |
| Session Chair: Aditya Bhave, University of Chicago |
| Session type: contributed |
| The Coexistence of Money and Credit as Means of Payment |
| By Cathy Zhang; Purdue University Sébastien Lotz; University of Paris 2 |
| Presented by: Cathy Zhang, Purdue University |
| The 2009 Recovery Act and the Expected Inflation Channel of Government Spending |
| By Bill Dupor; Federal Reserve Bank of St. Louis Rong Li; The Ohio State University |
| Presented by: Bill Dupor, Federal Reserve Bank of St. Louis |
| Banking Crises and The Role of Bank Coalitions |
| [slides] |
| By Daniel Sanches; Federal Reserve Bank of Philadelphia |
| Presented by: Daniel Sanches, Federal Reserve Bank of Philadelphia |
| Optimal Opacity in a General Equilibrium Model of Banking |
| By Aditya Bhave; University of Chicago |
| Presented by: Aditya Bhave, University of Chicago |
| Session: Labor Allocation November 9, 2013 16:00 to 18:00 Hanson 1-104 |
| Session Chair: Alexander Bick, Arizona State University |
| Session type: contributed |
| Firm Entry and Employment Dynamics in the Great Recession |
| By Michael Siemer; Boston University |
| Presented by: Michael Siemer, Boston University |
| Flexible Hours as a Motive of Starting a Business |
| [slides] |
| By Emircan Yurdagul; Washington University in Saint Louis |
| Presented by: Emircan Yurdagul, Washington University in Saint Louis |
| Employer-Provided Health Insurance in a Model with Labor Market Frictions |
| By Hubert Janicki; U.S. Census Bureau |
| Presented by: Hubert Janicki, U.S. Census Bureau |
| Taxation and Labor Supply of Married Women across Countries: A Macroeconomic Analysis |
| By Alexander Bick; Arizona State University Nicola Fuchs-Schuendeln; Goethe University Frankfurt |
| Presented by: Alexander Bick, Arizona State University |
| Session: Growth and Structural Change November 9, 2013 16:00 to 18:00 Hanson 1-103 |
| Session Chair: Josep Pijoan-Mas, CEMFI |
| Session type: contributed |
| Global Imbalances and Structural Change in the United States |
| By Timothy Kehoe; University of Minnesota Kim Ruhl; New York University Stern School of Business Joseph Steinberg; University of Toronto |
| Presented by: Timothy Kehoe, University of Minnesota |
| A Model of Technology Assimilation |
| By Russell Tsz-Nga Wong; Bank of Canada Chong Yip; Chinese University of Hong Kong |
| Presented by: Chong Yip, Chinese University of Hong Kong |
| Misallocated Business Owners and Aggregate Productivity Across Countries |
| By Kevin Donovan; University of Notre Dame |
| Presented by: Kevin Donovan, University of Notre Dame |
| Investment Demand and Structural Change |
| By Manuel García-Santana; ECARES Josep Pijoan-Mas; CEMFI |
| Presented by: Josep Pijoan-Mas, CEMFI |
| Session: Policy News and Uncertainty November 9, 2013 16:00 to 18:00 Hanson 1-102 |
| Session Chair: Frank Caliendo, Utah State University |
| Session type: contributed |
| Learning about Fiscal Policy and the Effects of Policy Uncertainty |
| By Josef Hollmayr; Goethe University Frankfurt Christian Matthes; Federal Reserve Bank of Richmond |
| Presented by: Christian Matthes, Federal Reserve Bank of Richmond |
| Uncertainty and Fiscal Cliffs |
| By Troy Davig; Federal Reserve Bank of Kansas City Andrew Foerster; Federal Reserve Bank of Kansas City |
| Presented by: Andrew Foerster, Federal Reserve Bank of Kansas City |
| Analyzing fiscal policy news from a cross-country perspective |
| By Mario Solis-Garcia; Macalester College Ceyhun Elgin; Bogazici University |
| Presented by: Mario Solis-Garcia, Macalester College |
| The Cost of Uncertainty about the Timing of Social Security Reform |
| By Frank Caliendo; Utah State University Aspen Gorry; Utah State University Sita Slavov; American Enterprise Institute |
| Presented by: Frank Caliendo, Utah State University |
| Session: Labor Market and Inequality November 10, 2013 8:45 to 10:45 Hanson 1-102 |
| Session Chair: danxia xie, University of Chicago |
| Session type: contributed |
| Job Polarization: Within or Between? |
| By Didem Tuzemen; The Federal Reserve Bank of Kansas City Jonathan Willis; Federal Reserve Bank of Kansas City |
| Presented by: Didem Tuzemen, The Federal Reserve Bank of Kansas City |
| Networks and search in labor markets: Wage and unemployment dynamics |
| By Marcelo Arbex; University of Windsor Dennis O'Dea; University of Washington David Wiczer; FRB St. Louis |
| Presented by: Marcelo Arbex, University of Windsor |
| Offshoring, Low-skilled Immigration and Labor Market Polarization |
| By Federico Mandelman; Federal Reserve Bank of Atlanta Andrei Zlate; Board of Governors of the Federal Reserve System |
| Presented by: Andrei Zlate, Board of Governors of the Federal Reserve System |
| Explaining the Falling Labor Share: A Tale of Two Grand Transformations |
| By danxia xie; University of Chicago |
| Presented by: danxia xie, University of Chicago |
| Session: Optimal Tax Policy November 10, 2013 8:45 to 10:45 Hanson 1-109 |
| Session Chair: B Ravikumar, Federal Reserve Bank of St Louis |
| Session type: contributed |
| Optimal Taxation in an Adverse Selection Insurance Economy |
| [slides] |
| By Pamela Labadie; George Washington University |
| Presented by: Pamela Labadie, George Washington University |
| Robust Optimal Taxation and Environmental Externalities |
| By Xin Li; Rice University Ted Temzelides; Rice University |
| Presented by: Xin Li, Rice University |
| Sustaining Ramsey plans in overlaping generations economies |
| By Juan Carlos Conesa; SUNY - Stony Brook |
| Presented by: Juan Carlos Conesa, SUNY - Stony Brook |
| Majority Voting in a Model of Means Testing |
| By Buly Cardak; La Trobe University Gerhard Glomm; Indiana University B Ravikumar; Federal Reserve Bank of St Louis |
| Presented by: B Ravikumar, Federal Reserve Bank of St Louis |
| Session: Labor Markets, Entrepreneurs and Cycles November 10, 2013 8:45 to 10:45 Hanson 1-103 |
| Session Chair: Immo Schott, EUI |
| Session type: contributed |
| Self-Employment and Business Cycle Persistence: Does the Composition of Employment Matter for Economic Recoveries? |
| By Alan Finkelstein Shapiro; Universidad de los Andes, Colombia |
| Presented by: Alan Finkelstein Shapiro, Universidad de los Andes, Colombia |
| Equilibrium Default and Slow Recoveries |
| By Julio Blanco; New York University Gaston Navarro; New York University |
| Presented by: Julio Blanco, New York University |
| Entrepreneurial Tail Risk: Implications for Employment Dynamics |
| By Thorsten Drautzburg; Federal Reserve Bank of Philadelphia |
| Presented by: Thorsten Drautzburg, Federal Reserve Bank of Philadelphia |
| Start-ups, Credit, and the Jobless Recovery |
| By Immo Schott; EUI |
| Presented by: Immo Schott, EUI |
| Session: Growth: Capital and Technology November 10, 2013 8:45 to 10:45 Hanson 1-105 |
| Session Chair: Jongheuk Kim, University of Colorado at Boulder |
| Session type: contributed |
| Foreign Competition and Firm Productivity: A Principal-Agent Approach |
| By Michael Maio; University of Minnesota |
| Presented by: Michael Maio, University of Minnesota |
| Spatial Spillover Effects of Foreign Direct Investment: Evidence from Chinese Firm-Level Data |
| By Xiao Wang; University of North Dakota Yiqing Xie; Fudan University |
| Presented by: Xiao Wang, University of North Dakota |
| Capital Obsolescence and Agricultural Productivity |
| By Julieta Caunedo; Washington University in St. Louis Elisa Keller; Durham University Business School |
| Presented by: Julieta Caunedo, Washington University in St. Louis |
| Infrastructure and Business Cycle in Emerging Market Economy |
| By Jongheuk Kim; University of Colorado at Boulder |
| Presented by: Jongheuk Kim, University of Colorado at Boulder |
| Session: Estimation and Solution Methods of Macro Models November 10, 2013 11:00 to 13:00 Hanson 1-103 |
| Session Chair: Michal Andrle, IMF |
| Session type: contributed |
| Algorithm for Inference with Sign and Zero Restrictions |
| By Jonas Arias; Federal Reserve Board Juan Rubio-Ramirez; Duke University Daniel Waggoner; Federal Reserve Bank of Atlanta |
| Presented by: Jonas Arias, Federal Reserve Board |
| Identification of DSGE models -- A comparison of methods and the effect of second order approximation |
| [slides] |
| By Willi Mutschler; University of Münster |
| Presented by: Willi Mutschler, University of Münster |
| System Priors: Formulating Priors about DSGE Models' System Properties |
| By Michal Andrle; IMF |
| Presented by: Michal Andrle, IMF |
| Session: Unemployment and Business Cycles November 10, 2013 11:00 to 13:00 Hanson 1-102 |
| Session Chair: Feng Dong, Washington University in St. Louis |
| Session type: contributed |
| Cyclical Reallocation of Workers from Small to Large Employers |
| By John Haltiwanger; University of Maryland Henry Hyatt; US Census Bureau Erika McEntarfer; US Census Bureau Liliana Sousa; The World Bank |
| Presented by: Henry Hyatt, US Census Bureau |
| Worker Selection, Hiring and Vacancies |
| By Ismail Baydur; University of Virginia |
| Presented by: Ismail Baydur, University of Virginia |
| Indivisible Labor Economy with Endogenous Hours: Reconciling Micro and Macro Labor Supply Elasticities |
| By Minchul Yum; Ohio State University |
| Presented by: Minchul Yum, Ohio State University |
| The Unemployment Effect of Capital Misallocation |
| By Feng Dong; Washington University in St. Louis |
| Presented by: Feng Dong, Washington University in St. Louis |
| Session: Macroeconomics and Credit November 10, 2013 11:00 to 13:00 Hanson 1-105 |
| Session Chair: Neil Mehrotra, Brown University |
| Session type: contributed |
| Financial Frictions, Investment Delay and Asset Market Interventions |
| By Shouyong Shi; University of Toronto Christine Tewfik; University of Toronto |
| Presented by: Christine Tewfik, University of Toronto |
| Fluctuations in uncertainty, efficient borrowing constraints and firm dynamics |
| By Sebastian Dyrda; University of MInnesota |
| Presented by: Sebastian Dyrda, University of MInnesota |
| Inflation, Debt, and Default |
| By Sewon Hur; University of Pittsburgh Illenin Kondo; Federal Reserve Board Fabrizio Perri; Universita' Bocconi |
| Presented by: Sewon Hur, University of Pittsburgh |
| Financial Shocks and Job Flows |
| By Neil Mehrotra; Brown University Dmitriy Sergeyev; Bocconi University |
| Presented by: Neil Mehrotra, Brown University |
| Session: Topics in Macro November 10, 2013 11:00 to 13:00 Hanson 1-109 |
| Session Chair: Teodora Stoica, Quinnipiac University |
| Session type: contributed |
| Reconciling Micro and Macro Estimates of the Frisch Labor Supply Elasticity |
| By William Peterman; Federal Reserve Board of Governors |
| Presented by: William Peterman, Federal Reserve Board of Governors |
| Reconciling the divergence in aggregate U.S. wage series |
| By Julien Champagne; Bank of Canada Andre Kurmann; Federal Reserve Board |
| Presented by: Julien Champagne, Bank of Canada |
| Infectious Diseases, Human Capital and Economic Growth |
| By Aditya Goenka; National University of Singapore Lin Liu; University of Rochester |
| Presented by: Lin Liu, University of Rochester |
| Marginal Product of Capital, the Business Cycle, and Forecasting Economic Growth |
| By Teodora Stoica; Quinnipiac University |
| Presented by: Teodora Stoica, Quinnipiac University |
This program was last updated on 2013-11-07 23:5:18 EDT