Society for Economic Dynamics 2004 Annual Meeting |
|---|
Summary of All Sessions |
93 sessions, 372 papers |
|---|
Society for Economic Dynamics 2004 Annual Meeting |
|---|
Complete List of All Sessions |
Session 1: Tax Policy and Redistribution |
|---|
| Session Chair: Marco Bassetto, University of Minnesota |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| Belief in a Just World and Redistributive Politics |
| By Roland Benabou and Jean Tirole |
| Presented by: Roland Benabou, Princeton University |
| Optimal vs. time-consistent tax cycles |
| By John Hassler, Per Krusell, Kjetil Storesletten and Fabrizio Zilibotti |
| Presented by: Fabrizio Zilibotti, IIES, IFS and CEPR |
| The Political Economy of Redistribution under Democracy |
| By Jess Benhabib and Adam Przeworski |
| Presented by: Jess Benhabib, NYU |
| Politics and Efficiency of Separating Capital and Ordinary Government Budgets |
| By Marco Bassetto and Thomas J. Sargent |
| Presented by: Marco Bassetto, University of Minnesota |
Session 2: Monetary Theory |
|---|
| Session Chair: Ed Nosal, Federal Reserve Bank of Cleveland |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| On Heterogeneity in a Fundamental Model of Money |
| By Paola Boel and Gabriele Camera |
| Presented by: Gabriele Camera, Purdue University |
| Superneutrality and the welfare effects of inflation |
| By Ricardo Lagos and Guillaume Rocheteau |
| Presented by: Guillaume Rocheteau, Federal Reserve Bank of Cleveland |
| Prices, Information and Learning |
| By Luis Araujo and Andrei Shevchenko |
| Presented by: Luis Araujo, Michigan State University |
| Some benefits of cyclical monetary policy |
| By Ricardo Cavalcanti and Ed Nosal |
| Presented by: Ed Nosal, Federal Reserve Bank of Cleveland |
Session 3: Economic Growth I |
|---|
| Session Chair: Omar Licandro, European University Institute |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| The Evolution of International Output Differences (1960-2000): from Factors to Productivity |
| By Pedro Cavalcanti Ferreira and Samuel de Abreu Pessoa |
| Presented by: Pedro Ferreira, Getulio Vargas |
| Development Accounting |
| By Marla Ripoll and Juan Carlos Cordoba |
| Presented by: Marla Ripoll, University of Pittsburgh |
| Financial Intermediation and TFP Differences |
| By Pedro Amaral and Erwan Quintin |
| Presented by: Pedro Amaral, Southern Methodist University |
| The underestimated virtues of the two-sector AK model |
| By Gabriel Felbermayr and Omar Licandro |
| Presented by: Omar Licandro, European University Institute |
Session 4: Labor: Gender Differences |
|---|
| Session Chair: Moshe Hazan, Hebrew University |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| The Role of Fertility in Gender Differences in Labor Market Outcomes |
| By Andrés Erosa, Luisa Fuster, and Diego Restuccia |
| Presented by: Luisa Fuster, University of Toronto |
| Why Women Work: Disentangling the Role of Marriage Prospects and Intra-Household Behavior |
| By Raquel Fernandez and Alessandra Fogli |
| Presented by: Alessandra Fogli, NYU |
| Gender Discrimination Estimation in a Search Model with Matching and Bargaining |
| By Luca Flabbi |
| Presented by: Luca Flabbi, New York University |
| Labor Market Experience and the Gender Gap |
| By Matthias Doepke, Moshe Hazan and Yishay Maoz |
| Presented by: Moshe Hazan, Hebrew University |
Session 5: Labor: Labor Supply |
|---|
| Session Chair: Josep Pijoan-Mas, CEMFI |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| added workers and the business cycle |
| By elisa faraglia |
| Presented by: elisa faraglia, new york university |
| Family job search and consumption: the added worker effect revisited |
| By J. Ignacio GarcÃa-Pérez & Silvio Rendón |
| Presented by: Ignacio Garcia-Perez, centrA & UPO |
| Why do Europeans Work so Little? |
| By Conny Olovsson |
| Presented by: Conny Olovsson, Institute for International Economic Stu |
| Precautionary Savings or Working Longer Hours? |
| By Josep Pijoan-Mas |
| Presented by: Josep Pijoan-Mas, CEMFI |
Session 6: Macroeconomic implications of agency problems |
|---|
| Session Chair: Jean-Pierre Danthine, University of Lausanne and FAME |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| Bank Capital, Agency Costs, and Monetary Policy |
| By Kevin Moran, Cesaire Meh |
| Presented by: Kevin Moran, Bank of Canada |
| A Dynamic Model of Optimal Capital Structure |
| By Sheridan Titman and Sergey Tsyplakov |
| Presented by: Sergey Tsyplakov, University of South Carolina |
| Letting Go: Managerial Incentives and the Reallocation of Capital |
| By Andrea L. Eisfeldt and Adriano A. Rampini |
| Presented by: Andrea Eisfeldt, Northwestern University |
| The Macroeconomics of Delegated Management |
| By J.P. Danthine and J.B. Donaldson |
| Presented by: Jean-Pierre Danthine, University of Lausanne and FAME |
Session 7: DGE models with rigidities and imperfect information |
|---|
| Session Chair: Stefano Neri, Bank of Italy |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| New-Keynesian or RBC transmission? The effects of fiscal policy in labor markets. |
| By Evi Pappa |
| Presented by: Evi Pappa, London School of Economics |
| Are New Keynesian Phillips Curves Identified ? |
| By Jean-Marie Dufour, Lynda Khalaf, and Maral Kichian |
| Presented by: Maral Kichian, Bank of Canada |
| Data Revisions in General Equilibrium |
| By S. Boragan Aruoba |
| Presented by: S. Boragan Aruoba, University of Pennsylvania |
| Are technology shocks contractionary? A Bayesian VAR analysis with priors on impulses responses |
| By Luca Dedola and Stefano Neri |
| Presented by: Stefano Neri, Bank of Italy |
Session 8: Two-Sided Matching |
|---|
| Session Chair: John Kennes, University of Copenhagen |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| On Black/White Intermarriage Patterns |
| By Jose Victor Rios-Rull and Linda Y. Wong |
| Presented by: Linda Wong, Binghamton University |
| Correlation of Traits in Married Couples: Assortative Matching or Just Who you Meet? |
| By Ramya Sundaram |
| Presented by: Ramya Sundaram, University of Arizona |
| Assortative matching with costly search |
| By Alp E. Atakan |
| Presented by: Alp Atakan, Northwestern University |
| Guided Search: The Value of a Reputation System |
| By John Kennes and Aaron Schiff |
| Presented by: John Kennes, University of Copenhagen |
Session 9: Investment 1 |
|---|
| Session Chair: Adriano Rampini, Northwestern University |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| Technology Adoption under Relative Factor Price Uncertainty: The Putty-Clay Investment Model |
| By Hiroyuki Kasahara |
| Presented by: Hiroyuki Kasahara, Queen's University and University of Western Ontario |
| Idiosyncratic shocks and the role of nonconvexities in plant and aggregate investment dynamics |
| By Aubhik Khan and Julia K. Thomas |
| Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia |
| Capital Gains Taxes, Irreversible Investment, and Capital Structure |
| By Norman Schuerhoff |
| Presented by: NORMAN SCHUERHOFF, CARNEGIE MELLON UNIVERSITY |
| New and Used Capital |
| By Andrea Eisfeldt and Adriano Rampini |
| Presented by: Adriano Rampini, Northwestern University |
Session 10: Currency Crises |
|---|
| Session Chair: Manuel Amador, Stanford GSB |
| Date: July 1, 2004 |
| Time: 10:00 - 12:00 |
| Discrete Devaluations and Multiple Equilibria in a First Generation Model of Currency Crises |
| By Fernando A. Broner |
| Presented by: Fernando Broner, Universitat Pompeu Fabra |
| Investor Protection and Exchange Rates |
| By Rui Albuquerque and Neng Wang |
| Presented by: Rui Albuquerque, University of Rochester |
| Financial Frictions, Distribution Costs, and Current Account Crises |
| By Sylvain Leduc, Diego Valderrama |
| Presented by: Diego Valderrama, Federal Reserve Bank of San Francisco |
| A Political Model Sovereign Debt Repayment |
| By Manuel Amador |
| Presented by: Manuel Amador, Stanford GSB |
Session 11: Financial Integration and Crises |
|---|
| Session Chair: Philippe Martin, University of Paris I |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| FISCAL CRISIS RESOLUTION: TAXATION VERSUS INFLATION |
| By Michael Kumhof |
| Presented by: Michael Kumhof, The International Monetary Fund |
| Bubbles and capital flows |
| By Jaume Ventura |
| Presented by: Jaume Ventura, CREI and UPF |
| Crises and Growth: A Re-evaluation |
| By Romain Ranciere, Aaron Tornell and Fran Westermann |
| Presented by: Aaron Tornell, University of California |
| The Home Market Effect and the International Transmission Mechanism |
| By Giancarlo Corsetti, Philippe Martin, Paolo Pesenti |
| Presented by: Philippe Martin, University of Paris I |
Session 12: Investment-Specific Technological Change: Evidence and Implications |
|---|
| Session Chair: Riccardo DiCecio, Northwestern University |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| New Evidence on Durable Goods Biased Technological Change |
| By Jonas Fisher, John Fernald |
| Presented by: Jonas Fisher, Federal Reserve Bank of Chicago |
| Read All About it: What happens following a technology shock |
| By Michelle Alexopoulos |
| Presented by: Michelle Alexopoulos, University of Toronto |
| A Quantitative Study of the Replacement Problem in Frictional Economies |
| By Andreas Hornstein, Per Krusell, and Gianluca Violante |
| Presented by: Per Krusell, University of Rochester |
| Comovement: it's not a puzzle |
| By Riccardo DiCecio |
| Presented by: Riccardo DiCecio, Northwestern University |
Session 13: Economics of the Family |
|---|
| Session Chair: Nezih Guner, Pennsylvania State University |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| Social Norms, Demographic Shocks, and Dowries in Florence, 1250-1450 |
| By Maristella Botticini |
| Presented by: Maristella Botticini, Boston University |
| Efficiency with Endogenous Population Growth |
| By Mikhail Golosov, Larry E. Jones, Michele Tertilt |
| Presented by: Michele Tertilt, Stanford University |
| Explaining Changes in Female Labour Supply in a Life-Cycle Model |
| By Orazio Attanasio, Hamish Low and Virginia Sánchez-Marcos |
| Presented by: Orazio Attanasio, University College London |
| Marriage and Divorce since World War II |
| By Jeremy Greenwood and Nezih Guner |
| Presented by: Nezih Guner, Pennsylvania State University |
Session 14: Learning and Matching |
|---|
| Session Chair: Jan Eeckhout, University of Pennsylvania |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| On the Dynamics of Information, Coordination and Regime Change |
| By G.M. Angeletos, C. Hellwig, and A. Pavan |
| Presented by: Alessandro Pavan, Northwestern University |
| simultaneous search |
| By hector chade and lones smith |
| Presented by: Hector Chade, Arizona State University |
| Firm-Specific Training |
| By Leonardo Felli and Christopher Harris |
| Presented by: Leonardo Felli, London School of Economics |
| Employer Learning and General Human Capital |
| By Jan Eeckhout |
| Presented by: Jan Eeckhout, University of Pennsylvania |
Session 15: Public Economics I |
|---|
| Session Chair: Peter Norman, University of Wisconsin |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| Optimal taxation with restrictions on the governmemnt budget deficit |
| By christian ghiglino and Karl Shell |
| Presented by: Christian Ghiglino, university of bern |
| DYNAMIC OPTIMAL NON-LINEAR TAXATION UNDER NON-COMMITMENT |
| By Mikhail Golosov, Vasiliki Skreta and Aleh Tsyvinski |
| Presented by: Mike Golosov, University of Minnesota |
| Optimal Income Taxation and Public-Goods Finance |
| By Martin F. Hellwig |
| Presented by: Martin Hellwig, Max Planck Research Institute |
| Public Provision of Private Goods |
| By Peter Norman, Hanming Fang |
| Presented by: Peter Norman, University of Wisconsin |
Session 16: Asset Pricing 1 |
|---|
| Session Chair: Claudio Campanale, University of Rochester |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| Equities and Inequality |
| By Alessandra Bonfiglioli |
| Presented by: Alessandra Bonfiglioli, Stockholm University |
| Information Markets and the Comovement of Asset Prices |
| By Laura Veldkamp |
| Presented by: Laura Veldkamp, New York University, Stern |
| Consumption Commitments and Asset Prices |
| By Raj Chetty and Adam Szeidl |
| Presented by: Adam Szeidl, Harvard University |
| Learning and the Return to Private Equity |
| By Claudio Campanale |
| Presented by: Claudio Campanale, University of Rochester |
Session 17: Industries, Plants, and Growth |
|---|
| Session Chair: Stephen Parente, University of Illinois |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| Unpleasant Implications of Insecure Property for Optimal Fiscal Policy and Growth |
| By Francisco M. Gonzalez and Hugh Neary |
| Presented by: Francisco Gonzalez, University of British Columbia |
| Balanced Growth with Structural Change |
| By Rachel Ngai and Christopher Pissarides |
| Presented by: rachel ngai, london school of economics |
| Slow Recoveries |
| By Bergoeing, Raphael; Loayza, Norman; Repetto, Andrea |
| Presented by: Raphael Bergoeing, Universidad de Chile |
| Path Dependence, Uneven Industrialization and Special Interests |
| By Stephen L. Parente and Rui Zhao |
| Presented by: Stephen Parente, University of Illinois |
Session 18: Monetary Policy I |
|---|
| Session Chair: Luisa Lambertini, Boston College |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| Loan components and time varying effects of monetary policy shocks |
| By Wouter J Den Haan, Steven Sumner, Guy Yamashiro |
| Presented by: Wouter Denhaan, London School of Economics |
| Ramsey Monetary Policy and International Relative Prices |
| By Ester Faia, Tommaso Monacelli |
| Presented by: Ester Faia, Universitat Pompeu Fabra |
| Time Consistency in Dynamic Bargaining: The Role of Committees as Substitutes for Commitment |
| By Alessandro Riboni |
| Presented by: Alessandro Riboni, University of Montréal |
| Monetary-Fiscal Interactions with a Conservative Central Bank |
| By Luisa Lambertini |
| Presented by: Luisa Lambertini, Boston College |
Session 19: Regime and Parameter Changes |
|---|
| Session Chair: Daniel Waggoner, Federal Reserve Bank of Atlanta |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| Learning and Shifts in Trend Growth |
| By Rochelle M. Edge, Thomas Laubach, John C. Williams |
| Presented by: Thomas Laubach, OECD |
| Optimal test for Markov switching |
| By Marine Carrasco, Liang Hu, Werner Ploberger |
| Presented by: Marine Carrasco, University of Rochester |
| The Declining Equity Premium: What Role Does Macroeconomic Risk Play? |
| By Martin Lettau, Sydney C. Ludvigson, Jessica A. Wachter |
| Presented by: Jessica Wachter, University of Pennsylvania |
| Effects of monetary policy regime changes in the Euro Economy |
| By Juan Rubio, Daniel Waggoner, and Tao Zha |
| Presented by: Daniel Waggoner, Federal Reserve Bank of Atlanta |
Session 20: Innovation |
|---|
| Session Chair: Chung Yi Tse, University of Hong Kong |
| Date: July 1, 2004 |
| Time: 13:30 - 15:30 |
| The expanding pharmaceutical arsenal in the war on cancer |
| By Frank R. Lichtenberg |
| Presented by: Frank Lichtenberg, Columbia University |
| Sequential Innovation, Network Effects and the Choice of Compatibility |
| By Gerard Llobet and Michael Manove |
| Presented by: Gerard Llobet, CEMFI |
| Technology Licensing and Technology Alliances |
| By Luis M B Cabral and Cristian Dezso |
| Presented by: Cristian Dezso, NYU - Stern School of Business |
| New product introduction and diffusion with costly search |
| By Chung Yi TSE |
| Presented by: Chung Yi Tse, University of Hong Kong |
Session 21: Growth Perspectives |
|---|
| Session Chair: Guillaume Vandenbroucke, University of Rochester |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| Investing in Patience |
| By Matthias Doepke and Fabrizio Zilibotti |
| Presented by: Matthias Doepke, UCLA |
| Urban Structure and Growth |
| By Esteban Rossi-Hansberg and Mark Wright |
| Presented by: Esteban Rossi-Hansberg, Stanford University |
| Explaining Growth Slowdowns in a Multisector Model: The Case of Japan |
| By Wilbur John Coleman II |
| Presented by: Wilbur Coleman, Duke University |
| The American Frontier: A Hundred Years of Western Settlement |
| By Guillaume Vandenbroucke |
| Presented by: Guillaume Vandenbroucke, University of Rochester |
Session 22: Econometrics of Dynamic Equilibrium Models |
|---|
| Session Chair: Francisco Ruge-Murcia, University of Montreal |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| deep habits |
| By morten o. ravn, stephanie schmitt-grohe, martin uribe |
| Presented by: M O Ravn, London Business School |
| A DSGE-VAR for the Euro Area |
| By Marco Del Negro, Frank Schorfheide, Frank Smets, Raf Wouters |
| Presented by: Marco Del Negro, Atlanta Fed |
| Estimating Dynamic Equilibrium Economies: Linear and Nonlinear Likelihood |
| By Jesus Fernandez-Villaverde Juan F. Rubio-Ramirez |
| Presented by: Jesus Fernandez-Villaverde, University of Pennsylvania |
| Methods to Estimate Dynamic Stochastic General Equilibrium Models |
| By Francisco J. Ruge-Murcia |
| Presented by: Francisco Ruge-Murcia, University of Montreal |
Session 23: Marriage and Household Behavior |
|---|
| Session Chair: Claudia Olivetti, Boston University |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| A non-parametric dynamic model of the marriage market |
| By Eugene Choo & Aloysius Siow |
| Presented by: Aloysius Siow, University of Toronto |
| Modes of Household Behavior and Labor Supply Decisions |
| By Daniela Del Boca and Christopher Flinn |
| Presented by: Christopher Flinn, New York University |
| The Role of the Sex Imbalance in Shaping Marital Status |
| By Seitz, Shannon; Rios-Rull, Jose-Victor |
| Presented by: Shannon Seitz, Queen's University |
| Explaining the Decline in the Gender Wage Gap |
| By Stefania Albanesi, Rasmus Lentz, Claudia Olivetti |
| Presented by: Claudia Olivetti, Boston University |
Session 24: Experimental Economics |
|---|
| Session Chair: April Franco, University of Iowa |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| Demand Reduction and Preemptive Bidding in License Auctions |
| By Jacob K. Goeree, Theo Offerman and Randolph Sloof |
| Presented by: Theo Offerman, University of Amsterdam |
| Is Discounting Hyperbolic? Experimental Evidence |
| By Jess Benhabib, Alberto Bisin, Andrew Schotter |
| Presented by: Alberto Bisin, New York University |
| Perception Rents in the Market for Advice |
| By Yaw Nyarko, Andrew Schotter, Barry Sopher |
| Presented by: Yaw Nyarko, New York University |
| Organizational Learning: An Experimental Investigation |
| By Andreas Blume, John Duffy, April Franco |
| Presented by: April Franco, University of Iowa |
Session 25: Monetary Policy II |
|---|
| Session Chair: Nancy Stokey, University of Chicago |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| On the Relevance of Open Market Operations |
| By Andreas Schabert |
| Presented by: Andreas Schabert, University of Cologne |
| On the Indeterminacy of New Keynesian Economics |
| By Andreas Beyer and Roger E A Farmer |
| Presented by: Roger Farmer, UCLA |
| Monetary Policy with State Contingent Interest Rates |
| By Bernardino Adao, Isabel Correia and Pedro Teles |
| Presented by: Isabel Correia, Banco de Portugal, CEPR |
| Fiscal Desperation and Inflation |
| By Nancy L. Stokey |
| Presented by: Nancy Stokey, University of Chicago |
Session 26: Public Economics II |
|---|
| Session Chair: Philip Bond, University of Pennsylvania |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| Racial Wage Gaps and test Score Differences: Incentives vs. Pre-Market Factors |
| By Andrea Moro and Peter Norman |
| Presented by: Andrea Moro, University of Minnesota |
| A Model of Racial Profiling in Higher Education |
| By Dennis Epple, Richard Romano, Holger Sieg |
| Presented by: Holger Sieg, Carnegie Mellon University |
| Do Citizens Vote Strategically (if they vote at all)? Evidence from U.S. National Elections |
| By Arianna Degan and Antonio Merlo |
| Presented by: Arianna Degan, Université du Québec à Montréal |
| Optimal plaintiff incentives when courts are imperfect |
| By Philip Bond |
| Presented by: Philip Bond, University of Pennsylvania |
Session 27: Markets and Technology |
|---|
| Session Chair: ted temzelides, University of Pittsburgh |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| The Pre-Producers |
| By Boyan Jovanovic |
| Presented by: Boyan Jovanovic, New York University |
| Silicon Valley versus Route 128: A Search and Contracting Approach |
| By Espen R. Moen and Ã…sa Rosen |
| Presented by: Espen Moen, Norwegian School of Management (BI) |
| A Matching Model of the Housing Market: Searching for a Motivated Partner |
| By James Albrecht, Axel Anderson, Eric Smith, Susan Vroman |
| Presented by: Susan Vroman, GEORGETOWN UNIVERSITY |
| fashion statement |
| By ted temzelides |
| Presented by: ted temzelides, University of Pittsburgh |
Session 28: International Trade I |
|---|
| Session Chair: Michael Rolleigh, University of Minnesota |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| Trade Policy and South Korea's Growth Miracle |
| By Michelle Connolly, Kei-Mu Yi |
| Presented by: Kei-Mu Yi, Federal Reserve Bank of Philadelphia |
| Productivity Growth and the Trade Balance in the 1990s: the Role of Evolving Perceptions |
| By Luca Guerrieri, Christopher Erceg, Christopher Gust |
| Presented by: Luca Guerrieri, Federal Reserve Board |
| Productivity and Tradability |
| By Paul Bergin and Reuven Glick |
| Presented by: Reuven Glick, Federal Reserve Bank of San Francisco |
| Plant Heterogeneity and Applied General Equilibrium Models of Trade: Lessons from the CA-US FTA |
| By Michael Rolleigh |
| Presented by: Michael Rolleigh, University of Minnesota |
Session 29: Firm Behavior |
|---|
| Session Chair: Makoto Nirei, Santa Fe Institute |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| Productivity, Employment, and Inventories: Smoothing Over Sticky Prices |
| By Yongsung Chang, Andreas Hornstein, Pierre Sarte |
| Presented by: Andreas Hornstein, |
| The Dynamics of Plant-level Productivity in the U.S. |
| By Arpad Abraham and Kirk White |
| Presented by: Arpad Abraham, Duke University |
| Why Do Firms Hold Inventories? |
| By Lawrence J. Christiano (Northwestern University, NBER), Terry Fitzgerald (St. Olaf College) |
| Presented by: Terry J. Fitzgerald, |
| Lumpy Investment, Sectoral Propagation, and Business Cycles |
| By Makoto Nirei |
| Presented by: Makoto Nirei, Santa Fe Institute |
Session 30: Externalities |
|---|
| Session Chair: Klaus Neusser, Universitat Bern |
| Date: July 1, 2004 |
| Time: 16:00 - 18:00 |
| The Economic Value of Cultural Diversity: Evidence from US cities |
| By Giovanni Peri and GianMarco Ottaviano |
| Presented by: Giovanni Peri, University of California, Davis |
| Multinationals and Linkages: An Empirical Investigation |
| By Laura Alfaro and André³ Rodrí§µez-Clare |
| Presented by: Laura Alfaro, Harvard University |
| On the Contribution of Agglomeration Economies to the Spatial Concentration of U.S. Employment |
| By Satyajit Chatterjee |
| Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia |
| Externalities in U.S. Manufacturing |
| By Klaus Neusser |
| Presented by: Klaus Neusser, Universitat Bern |
Session 31: Macroeconomics and Finance |
|---|
| Session Chair: Vincenzo Quadrini, New York University |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| corporate governance over the business cycle |
| By thomas philippon |
| Presented by: thomas philippon, nyu stern |
| Risk-Taking Executives, The Value of the Firm and Economic Performance |
| By Francisco Covas |
| Presented by: Francisco Covas, UCSD |
| Do Stock Price Bubbles Influence Corporate Investment? |
| By Simon Gilchrist, Charles Himmelberg, and Gur Huberman |
| Presented by: Charles Himmelberg, Federal Reserve Bank of New York |
| Financial Markets and Wages |
| By Vincenzo Quadrini and Claudio Michelacci |
| Presented by: Vincenzo Quadrini, New York University |
Session 32: Industrial Organization 1: Empirical Methods in IO |
|---|
| Session Chair: Pascal Courty, European University Institute |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| MORAL HAZARD AND DYNAMIC INSURANCE DATA |
| By Jaap H. Abbring, Pierre-Andre Chiappori, Jean Pinquet |
| Presented by: Pierre-André Chiappori, The University of Chicago |
| Identification and Estimation in Sequential Dutch Auctions |
| By Bjarne Brendstrup and Harry J. Paarsch |
| Presented by: Harry Paarsch, University of Iowa |
| Estimation of an Entry Model with Discrete Product Differentiation and Multiple Equilibria: An Empirical Analysis of Competition Between Banks and Thrifts |
| By Mark D. Manuszak and Andrew Cohen |
| Presented by: Mark Manuszak, Carnegie Mellon University |
| Estimating the Welfare Gains from Responsive Pricing: Evidence from an Internet Café |
| By Pascal Courty and Mario Pagliero |
| Presented by: Pascal Courty, European University Institute |
Session 33: Life Cycle Consumption |
|---|
| Session Chair: Dirk Krueger, University of Pennsylvania |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| Husbands Might Really Be That Cheap |
| By Matthew S. Chambers, Don E. Schlagenhauf, Eric R. Young |
| Presented by: Matthew Chambers, Towson University |
| Consumption and Work Effort over the Lifecycle |
| By Selahattin Imrohoroglu and Gary D. Hansen |
| Presented by: Gary Hansen, UCLA |
| Consumption and Earnings Inequality with Risky Human Capital |
| By Mark Huggett, Gustavo Ventura and Amir Yaron |
| Presented by: Gustavo Ventura, Penn State |
| How do households smooth earnings fluctuations: what can we learn from Consumer Expenditure Data? |
| By Dirk Krueger and Fabrizio Perri |
| Presented by: Dirk Krueger, University of Pennsylvania |
Session 34: Technology adoption, capital flows and growth |
|---|
| Session Chair: Roberto Samaniego, George Washington University |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| What Does the Walrasian Auctioneer Know? Technology Adoption and Financial Innovation |
| By Ana Fernandes |
| Presented by: Ana Fernandes, CEMFI |
| Credit Market Imperfections and International Capital Market Flows |
| By Pamela Labadie and Bruce Smith |
| Presented by: Pamela Labadie, |
| Financial Intermediation, markets, and growth |
| By Falko Fecht, Kevin Huang, Antoine Martin |
| Presented by: Falko Fecht, |
| Investment Specific Technical Change and the Production of Ideas |
| By Roberto M Samaniego |
| Presented by: Roberto Samaniego, George Washington University |
Session 35: Monetary policy with sticky prices |
|---|
| Session Chair: Andrew Levin, Federal Reserve Board |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| Taylor Rules in an Estimated Model of a Small Open Economy |
| By Steven Ambler, Ali Dib, and Nooman Rebei |
| Presented by: Ali Dib, Bank of Canada |
| Inflation Stabilization and Welfare: The Case of a Distorted Steady State |
| By Pierpaolo Benigno and Michael Woodford |
| Presented by: Pierpaolo Benigno, New York University |
| State-Dependent Pricing and the New Keynesian Phillips Curve |
| By Mark Gertler and John Leahy |
| Presented by: John Leahy, New York University |
| Optimal Monetary Policy with Endogenous Capital Accumulation |
| By Andrew T. Levin and David Lopez-Salido |
| Presented by: Andrew Levin, Federal Reserve Board |
Session 36: Human Capital: Theory and Evidence |
|---|
| Session Chair: Uta Schoenberg, University of Rochester |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| The Welfare Consequences of the NBA: Superstar Markets and Human Capital Accumulation |
| By Krishna B. Kumar and Lior Menzly |
| Presented by: Lior Menzly, USC |
| Why does educational attainment differ across U.S. states? |
| By Lutz Hendricks |
| Presented by: Lutz Hendricks, Iowa State University |
| The Technology of Skill Formation |
| By Pedro Carneiro, Flavio Cunha and James Heckman |
| Presented by: Flavio Cunha, University of Chicago |
| Wage growth due to human capital accumulation and job search: The United States versus West-Germany |
| By Uta Schoenberg |
| Presented by: Uta Schoenberg, University of Rochester |
Session 37: Optimal Taxation |
|---|
| Session Chair: Francois Velde, Federal Reserve Bank of Chicago |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| Optimal taxation with persistent shocks |
| By Marek Kapicka |
| Presented by: Marek Kapicka, University of California, Santa Barbara |
| Taxing Capital: Not a Bad Idea After All |
| By Juan C. Conesa, Dirk Krueger |
| Presented by: Juan Carlos Conesa, Universitat Pompeu Fabra |
| Optimal Minimum Wage |
| By Arantza Gorostiaga, Juan F Rubio-Ramirez |
| Presented by: Juan Rubio-Ramirez, Federal Reserve Bank of Atlanta |
| Sustaining a Time-Consistent Ramsey Plan with Options |
| By Thomas Sargent and François Velde |
| Presented by: Francois Velde, Federal Reserve Bank of Chicago |
Session 38: Labor Markets and Policies: Structural Estimation |
|---|
| Session Chair: Silvio Rendon, University of Western Ontario |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| Minimum wages and compliance in markets with search frictions |
| By Zvi Eckstein, Suqin Ge, Barbara Petrongolo |
| Presented by: barbara petrongolo, london school of economics |
| Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation |
| By M. Daniele Paserman |
| Presented by: M. Paserman, Hebrew University |
| The Knowledge Lift: Adult Education in Sweden |
| By James Albrecht, Gerard van den Berg, Susan Vroman |
| Presented by: James Albrecht, Georgetown University |
| Unemployment Dynamics and Social Security |
| By Silvio Rendon and Juan Rojas |
| Presented by: Silvio Rendon, University of Western Ontario |
Session 39: Contracts and Markets |
|---|
| Session Chair: Karl Shell, Cornell University |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| Incomplete Contracts and the Product Cycle |
| By Pol Antras |
| Presented by: Pol Antras, |
| Non-Exclusive Contracts, Collateralized Trade, and a Theory of an Exchange |
| By Yaron Leitner |
| Presented by: Yaron Leitner, Federal Reserve Bank of Philadelphia |
| Why do banks promise to pay par on demand? |
| By Gerald Dwyer and Margarita SamartÃn |
| Presented by: Margarita SamartÃn, Universidad Carlos III |
| Bank Portfolio Restrictions and Equilibrium Bank Runs |
| By James Peck and Karl Shell |
| Presented by: Karl Shell, Cornell University |
Session 40: International Macroeconomic Puzzles |
|---|
| Session Chair: Virgiliu Midrigan, Ohio State University |
| Date: July 2, 2004 |
| Time: 10:00 - 12:00 |
| Net Foreing Assets and Imperfect Pass-through: The Consumption-Real Exchange Rate Anomaly |
| By Jorge Selaive and Vicente Tuesta |
| Presented by: Vicente Tuesta, New York University |
| On the consumption real exchange rate anomaly |
| By Gianluca Benigno and Christoph Thoenissen |
| Presented by: Christoph Thoenissen, University of St Andrews |
| Some Puzzles on International Comovements: The Role of International Trade and the Structure of the Banking Industry |
| By Maria Pia Olivero |
| Presented by: Maria Olivero, Duke University |
| International Price Dispersion in State-Dependent Pricing Models: Theory and Evidence |
| By Virgiliu Midrigan |
| Presented by: Virgiliu Midrigan, Ohio State University |
Session 41: International Debt |
|---|
| Session Chair: Jonathan Heathcote, Georgetown University |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Competition and Sovereign Risk |
| By Mark L. J. Wright |
| Presented by: Mark Wright, Stanford University |
| Renegotiation, Collective Action Clauses and Sovereign Debt Markets |
| By Federico Weinschelbaum and Jose Wynne |
| Presented by: Jose Wynne, Duke University |
| Public Debt, Fiscal Solvency & Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer |
| By Enrique G. Mendoza and Marcelo Oviedo |
| Presented by: Enrique G. Mendoza, University of Maryland |
| Dollarization and Financial Integration |
| By Cristina Arellano and Jonathan Heathcote |
| Presented by: Cristina Arellano, Duke University |
Session 42: Industrial Organization 2 |
|---|
| Session Chair: Susanna Esteban, Pennsylvania State University |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Do Vertical Mergers Facilitate Upstream Collusion? |
| By Volker Nocke and Lucy White |
| Presented by: Volker Nocke, University of Pennsylvania |
| Competition between Computer Operating Systems |
| By Francesca Lotti and Markus Mobius |
| Presented by: Markus Mobius, Harvard University |
| Power and Information Leakage in Organizations |
| By Mariagiovanna Baccara |
| Presented by: Mariagiovanna Baccara, Stern School of Business, NYU |
| Store Design with Self-Control Preferences |
| By Susanna Esteban |
| Presented by: Susanna Esteban, Pennsylvania State University |
Session 43: Fiscal Policy |
|---|
| Session Chair: Sevin Yeltekin, Northwestern University |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Does the US government hedge against government expenditure risk? |
| By Hanno Lustig, Chris Sleet and Sevin Yeltekin |
| Presented by: Hanno Lustig, University of Chicago |
| Intergenerational Risk Sharing and Fiscal Policy |
| By Henning Bohn |
| Presented by: Henning Bohn, University of California |
| War Finance |
| By Henry Siu |
| Presented by: Henry Siu, UNIVERSITY OF BRITISH COLUMBIA |
| Optimal Fiscal Policy and Recursive Utility |
| By Hanno Lustig, Chris Sleet, Sevin Yeltekin |
| Presented by: Sevin Yeltekin, Northwestern University |
Session 44: Labor Market Dynamics and the Macroeconomy |
|---|
| Session Chair: Dale Mortensen, Northwestern University |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| On the Changing Structure of Unemployment Duration |
| By Toshihiko Mukoyama and Aysegul Sahin |
| Presented by: Toshihiko Mukoyama, Concordia University and CIREQ |
| Business Cycles, Wage Setting, and Asymmetric Information |
| By Robert Shimer |
| Presented by: Robert Shimer, University of Chicago |
| Job-to-job quits and corporate culture |
| By Giuseppe Moscarini |
| Presented by: Giuseppe Moscarini, Yale University |
| Innovation, Growth, and Labor Market Policy |
| By Dale T. Mortensen |
| Presented by: Dale Mortensen, Northwestern University |
Session 45: Contracting and Dynamic Relations |
|---|
| Session Chair: Marco Battaglini, Princeton University |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Trading favors: optimal exchange and forgiveness. |
| By Christine Hauser and Hugo A. Hopenhayn |
| Presented by: Hugo Hopenhayn, UC:LA |
| Trust Relations |
| By Atila Abdulkadiroglu, Kyle Bagwell |
| Presented by: Atila Abdulkadiroglu, Columbia University |
| Profit Sharing and the Role of Professional Partnerships |
| By Jonathan Levin and Steven Tadelis |
| Presented by: Steve Tadelis, Stanford University |
| Pareto Efficient Income Taxation with Stochastic Abilities |
| By Marco Battaglini and Stephen Coate |
| Presented by: Marco Battaglini, Princeton University |
Session 46: Housing and the Macroeconomy 1 |
|---|
| Session Chair: Don Schlagenhauf, Florida State University |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Housing Collateral and Consumption Insurance Across US Regions |
| By Hanno Lustig and Stijn Van Nieuwerburgh |
| Presented by: Stijn Van Nieuwerburgh, Stern School of Business, NYU |
| The Price and Quantity of Residential Land in the United States |
| By Morris Davis and Jonathan Heathcote |
| Presented by: Morris Davis, Federal Reserve Board of Governors |
| Housing and the Macroeconomy: The Role of Implicit Guarantees for Government Sponsored Enterprises |
| By Karsten Jeske and Dirk Krueger |
| Presented by: Karsten Jeske, Federal Reserve Bank of Atlanta |
| Homeownership and Public Housing Policy |
| By Matt Chambers, Carlos Garriga,Don Schlagenhauf |
| Presented by: Don Schlagenhauf, Florida State University |
Session 47: Historical Perspectives on Technology and Economic Growth |
|---|
| Session Chair: Peter Rousseau, |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Primary Sector Shocks and Early American Industrialization |
| By Joseph Davis, Vanguard Group; Christopher Hanes, State University of New York at Binghamton; Paul Rhode, University of North Carolina, Chapel Hill |
| Presented by: Paul Rhode, University of North Carolina |
| Suburbanization and the Automobile |
| By Karen Kopecky and Ming Hong Suen |
| Presented by: Karen Kopecky, University of Rochester |
| Historical Technology Adoption in a Neoclassical Model |
| By Diego Comin and Bart Hobijn |
| Presented by: Bart Hobijn, Federal Reserve Bank of New York |
| General Purpose Technologies |
| By Boyan Jovanovic and Peter L. Rousseau |
| Presented by: Peter Rousseau, |
Session 48: Income and Consumption inequality |
|---|
| Session Chair: Tullio Jappelli, CSEF |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Learning your Earning: Are Labor Income Shocks Really That Persistent? |
| By Fatih Guvenen |
| Presented by: Fatih Guvenen, University of Rochester |
| Consumption Inequality, Income Uncertainty and Insurance |
| By Richard Blundell, Ian Preston and Luigi Pistaferri |
| Presented by: Richard Blundell, University College, London |
| US Earnings and Employment Dynamics 1961 - 2002: Facts and Interpretation |
| By Zvi Eckstein and Éva Nagypál |
| Presented by: Zvi Eckstein, Tel Aviv University and Minnesota |
| Intertemporal choice and consumption mobility |
| By Tullio Jappelli - Luigi Pistaferri |
| Presented by: Tullio Jappelli, CSEF |
Session 49: Investment and Financing |
|---|
| Session Chair: Ronald Giammarino, University of British Columbia |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Shareholders Unanimity With Incomplete Markets |
| By Daniele Coen-Pirani |
| Presented by: Daniele Coen-Pirani, Carnegie Mellon University |
| Dynamics of Corporate Capital Structure |
| By Toni Whited |
| Presented by: Christopher Hennessy, |
| Investment and Asset Prices with Financing Constraints |
| By Joao Gomes and Amir Yaron |
| Presented by: Joao Gomes, University of Pennsylvania |
| Corporate Investment and Asset Price Dynamics: Implications for Post-SEO Performance |
| By Murray Carlson, Adlai Fisher, and Ron Giammarino |
| Presented by: Ronald Giammarino, University of British Columbia |
Session 50: Public Policy and Demography |
|---|
| Session Chair: Murat Iyigun, University of Colorado |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Social Security and its Fertility Effects |
| By Michele Boldrin, Mariacristina De Nardi, and Larry E. Jones |
| Presented by: Mariacristina De Nardi, University of Minnesota |
| To segregate or to integrate: education politics and democracy |
| By David de la Croix and Matthias Doepke |
| Presented by: David de la Croix, |
| Antidiscrimination policy with culturally biased testing |
| By Adrian Masters |
| Presented by: Adrian Masters, SUNY Albany |
| Building the Family Nest: A Collective Household Model with Competing Pre-Marital Investments and Spousal Matching |
| By Murat F. Iyigun and Randall P. Walsh |
| Presented by: Murat Iyigun, University of Colorado |
Session 51: Monetary Policy III |
|---|
| Session Chair: Jean-Pascal Benassy, CEPREMAP |
| Date: July 2, 2004 |
| Time: 13:30 - 15:30 |
| Markets Segmentation and the Hump-Shaped Response of Output to Monetary Policy Shocks |
| By Filippo Occhino |
| Presented by: Filippo Occhino, Rutgers University |
| The Welfare Cost of Business Cycles in an Economy with Nonclearing Markets |
| By Franck Portier and Luis A. Puch |
| Presented by: Luis Puch, Universidad Complutense |
| Near-Rational Exuberance |
| By James Bullard, George Evans, Seppo Honkapohja |
| Presented by: James Bullard, Federal Reserve Bank of St. Louis |
| Liquidity Effects in non-Ricardian Economies |
| By Benassy Jean-Pascal |
| Presented by: Jean-Pascal Benassy, CEPREMAP |
Session 52: International Productivity Differences |
|---|
| Session Chair: Berthold Herrendorf, WP Carey School of Business, ASU |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Minimum Consumption, Uncertainty and Income Differences |
| By B. Ravikumar |
| Presented by: B Ravikumar, University of Iowa |
| On Capital Market Imperfections as an Origin of Low TFP and Economic Rents |
| By Andres Erosa and Ana Hidalgo |
| Presented by: Andres Erosa, University of Toronto |
| Policy Distortions and Aggregate Productivity with Heterogeneous Plants |
| By Diego Restuccia and Richard Rogerson |
| Presented by: Diego Restuccia, University of Toronto |
| How Trade Liberalizations Affect Productivity |
| By Berthold Herrendorf, Arilton Teixeira |
| Presented by: Berthold Herrendorf, WP Carey School of Business, ASU |
Session 53: Empirical Methods in IO and Labor |
|---|
| Session Chair: Patrick Bajari, Duke University |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Order Flow and the Formation of Dealer Bids in Treasury Auctions |
| By Ali Hortacsu, Samita Sareen |
| Presented by: Samita Sareen, Bank of Canada |
| Smaller Schools or Longer Bus Rides? Returns to Scale and School Choice |
| By Margaret Ledyard |
| Presented by: Meg Ledyard, |
| Producing the Right Pond: Colleges as Network Creators |
| By Christopher R. Makler |
| Presented by: Christopher Makler, University of Pennsylvania |
| Point Estimation of Discrete Games |
| By Patrick Bajari and Han Hong |
| Presented by: Patrick Bajari, Duke University |
Session 54: Investment 2 |
|---|
| Session Chair: Ellen McGrattan, Federal Reserve Bank of Minneapolis |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Q Theory Without Adjustment Costs & Cash Flow Effects Without Financing Constraints |
| By Andrew B. Abel and Janice C. Eberly |
| Presented by: Andrew Abel, The Wharton School of the University of Pennsylvania |
| Corporate Governance Institutions, Investment, and the Macroeconomy |
| By Antonio Falato |
| Presented by: Antonio Falato, Columbia University |
| Firm Size Dynamics in the Aggregate Economy |
| By Esteban Rossi-Hansberg, and Mark L.J. Wright |
| Presented by: Esteban Rossi-Hansberg, Stanford University |
| Predictions of the Price of Capital |
| By Ellen McGrattan and Edward Prescott |
| Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis |
Session 55: international macroeconomics |
|---|
| Session Chair: Fabrizio Perri, New York University |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Export Decisions and International Business Cycles |
| By George Alessandria and Horag Choi |
| Presented by: George Alessandria, University of Pennsylvania |
| International Trade, Production Sharing, and the Transmission of Business Cycles |
| By Ariel Burstein, Chris Kurz, and Linda Tesar |
| Presented by: Ariel Burstein, UCLA |
| International Risk Sharing with exotic preferences |
| By David Backus, Bryan Routledge, and Stan Zin |
| Presented by: Stanley Zin, Carnegie Mellon University |
| The international diversification puzzle is not as bad as you think |
| By Jonathan Heathcote, Fabrizio Perri |
| Presented by: Fabrizio Perri, New York University |
Session 56: Money and sticky prices |
|---|
| Session Chair: Pedro Teles, Federal Reserve Bank of Chicago |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Large Devaluations and the Real Exchange Rate |
| By Ariel Burstein, Martin Eichenbaum and Sergio Rebelo |
| Presented by: Sergio Rebelo, Northwestern University |
| Menu Costs and Phillips Curves |
| By Mike Golosov and Robert Lucas |
| Presented by: Mike Golosov, University of Minnesota |
| State Dependent Pricing and Business Cycle Asymmetries |
| By Michael B. Devereux and Henry Siu |
| Presented by: Henry Siu, UNIVERSITY OF BRITISH COLUMBIA |
| Instruments of Monetary Policy |
| By Bernardino Adao, Isabel Correia, Pedro Teles |
| Presented by: Pedro Teles, Federal Reserve Bank of Chicago |
Session 57: Occupational Mobility |
|---|
| Session Chair: Claudio Michelacci, CEMFI |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Aggregate Worker Reallocation and Occupational Mobility in the United States: 1976-2000 |
| By G.Moscarini and F.Vella |
| Presented by: Francis Vella, |
| Occupational Specificity of Human Capital |
| By Gueorgui Kambourov and Iourii Manovskii |
| Presented by: Iourii Manovskii, University of Pennsylvania |
| Patterns of Occupational Mobility |
| By Eva Nagypal |
| Presented by: Eva Nagypal, Northwestern University |
| Social Contacts and Occupational Choice |
| By Samuel Bentolila, Claudio Michelacci, and Javier Suarez |
| Presented by: Claudio Michelacci, CEMFI |
Session 58: Bounded Rationality |
|---|
| Session Chair: Derek Laing, |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Shrouded Attributes and the Curse of Educatoin |
| By Xavier Gabaix and David Laibson |
| Presented by: David Laibson, Harvard University |
| An Economist's view on Neuroeconomics |
| By Aldo Rustichini |
| Presented by: Aldo Rustichini, University of Minnesota |
| The Absentminded Consumer |
| By Andrew Caplin and John Leahy |
| Presented by: Andrew Caplin, New York University |
| Epiphany: A Search Theoretic Approach to Modelling Boundedly Rational Agents |
| By Derek Laing (Penn State) and Eliot Maenner (Essex) |
| Presented by: Derek Laing, |
Session 59: Structural and Empirical Issues in Consumer Credit |
|---|
| Session Chair: Jim MacGee, University of Western Ontario |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Evidence on the Effect of US Consumer Bankruptcy Exemptions |
| By Charles Grant |
| Presented by: Charles Grant, European University Institute |
| Consumption Smoothing and the Structure of Labor and Credit Markets |
| By Giuseppe Bertola and Winfried Koeniger |
| Presented by: giuseppe bertola, U.Torino |
| A Competitive Theory of Credit Scoring |
| By Satyajit Chatterjee, Dean Corbae, Victor Rios-Rull |
| Presented by: Dean Corbae, University of Texas |
| Accounting for the Rise in Consumer Bankruptcies in the U.S. and Canada |
| By Igor Livshits, Jim MacGee, Michele Tertilt |
| Presented by: Jim MacGee, University of Western Ontario |
Session 60: Political Economy and Macroeconomics |
|---|
| Session Chair: Giorgio Bellettini, University of Bologna |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Sustaining Social Security |
| By Martin Gonzalez-Eiras, Dirk Niepelt |
| Presented by: Dirk Niepelt, Stockholm University |
| On the dynamic inefficiency of governments |
| By Marina Azzimonti Renzo |
| Presented by: Marina Azzimonti Renzo, University of Rochester |
| What Social Security: Beveridgean or Bismarckian? |
| By J.Ignacio Conde Ruiz, Paola Profeta |
| Presented by: Paola Profeta, CORE, University of Pavia and Universita' Bocconi |
| Unions and the political economy of immigration |
| By Giorgio Bellettini and Carlotta Berti Ceroni |
| Presented by: Giorgio Bellettini, University of Bologna |
Session 61: Housing and the Macroeconomy 2 |
|---|
| Session Chair: Wenli Li, Federal Reserve Bank of Philadelphia |
| Date: July 2, 2004 |
| Time: 16:00 - 18:00 |
| Housing, Capital Investment, and Credit Market Imperfections |
| By Charles Ka Yui Leung and Zhixiong Zeng |
| Presented by: Charles Ka Yui LEUNG, (nil) |
| Housing v. Financial Wealth: a Cross-Country Comparison |
| By Monika Piazzesi, Martin Schneider |
| Presented by: martin schneider, NYU |
| How do house prices affect consumption? Evidence from micro data. |
| By John Y. Campbell, Joao F. Cocco |
| Presented by: Joao Cocco, London Business School |
| A Model of Life-Cycle Housing Choices with Uninsurable Labor Income and House Price Risks |
| By Wenli Li and Rui Yao |
| Presented by: Wenli Li, Federal Reserve Bank of Philadelphia |
Session 62: Industrial Organization 3: Empirical Methods in IO |
|---|
| Session Chair: Thomas Holmes, University of Minnesota |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Price Discrimination in the Steel Market |
| By Hui Man Chan, George Hall, and John Rust |
| Presented by: George Hall, Yale University |
| qGMM Estimation of Sunk Costs |
| By Jeffrey R. Campbell & Jonas D.M. Fisher |
| Presented by: Jeffrey Campbell, Federal Reserve Bank of Chicago |
| Local Competition, Product Substitutability, and Prices: An Empirical Test |
| By Chad Syverson |
| Presented by: Chad Syverson, University of Chicago |
| The Dynamics of Unionizing Establishments: A Learning Theory and Some Evidence |
| By Thomas J. Holmes |
| Presented by: Thomas Holmes, University of Minnesota |
Session 63: Term Structure and Credit Spreads |
|---|
| Session Chair: Wendy Edelberg, Federal Reserve Board |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| A Macro-Finance Model of the Term Structure, Monetary Policy, and the Economy |
| By Glenn Rudebusch and Tao Wu |
| Presented by: Glenn Rudebusch, Federal Reserve Bank of San Francisco |
| New-Keynesian Macroeconomics and the Term Structure |
| By Geert Bekaert, Seonghoon Cho and Antonio Moreno |
| Presented by: Antonio Moreno, Universidad de Navarra |
| Estimating Default Risk Premia from Default Swap Rates and EDFs |
| By Antje Berndt, Rohan Douglas, Darrell Duffie, Mark Ferguson, David Schranz |
| Presented by: Antje Berndt, Cornell University |
| Risk-based Pricing of Interest Rates in Household Loan Markets |
| By Wendy Edelberg |
| Presented by: Wendy Edelberg, Federal Reserve Board |
Session 64: Computational Methods |
|---|
| Session Chair: Salvador Ortigueira, |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Improving tatonnement methods for solving heterogenous agent models |
| By Alexander Ludwig |
| Presented by: Alexander Ludwig, Mannheim Research Institute for the Economics of Aging - MEA |
| Which order is too much? An application to a model with staggered price and wage contracts |
| By Michel JUILLARD and Florian PELGRIN |
| Presented by: PELGRIN Florian, Bank of Canada |
| Equilibrium in a Dynamic Limit Order Market |
| By Ronald L. Goettler, Christine A. Parlour, Uday Rajan |
| Presented by: Christine Parlour, Carnegie-Mellon University |
| Markovian Optimal Taxation |
| By Salvador Ortigueira |
| Presented by: Salvador Ortigueira, |
Session 65: Collusion |
|---|
| Session Chair: Andrzej skrzypacz, Stanford University |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Endogeous Monitoring |
| By Michihiro Kandori, Ichiro Obara |
| Presented by: Ichiro Obara, UCLA |
| A Refinement of Sequential Equilibrium with Application to Decentralized Collusion |
| By Peter Eso and James Schummer |
| Presented by: Peter Eso, Northwestern Unviersity |
| The folk theorem for all games with almost perfect monitoring |
| By Johannes Horner and Wojciech Olszewski |
| Presented by: Johannes Horner, Northwestern University |
| Impossibility of Collusion under Imperfect Monitoring with Flexible Production |
| By Yuliy Sannikov, Andrzej Skrzypacz |
| Presented by: Andrzej skrzypacz, Stanford University |
Session 66: Labor Economics |
|---|
| Session Chair: Maurizio Mazzocco, University of Wisconsin-Madison |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Why are similar workers paid differently? The role of social networks. |
| By Francois Fontaine |
| Presented by: Francois Fontaine, Universite Paris 1 - CNRS |
| Optimal Job Design and Career Dynamics in the Presence of Uncertainty |
| By Elena Pastorino |
| Presented by: Elena Pastorino, University of Pennsylvania |
| Job protection and family policies : The Macho hypothesis |
| By Yann Algan and Pierre Cahuc |
| Presented by: Yann Algan, EUREQua |
| The Effect of Marriage Shocks on Wealth Dynamics |
| By Lucas W. Davis, Maurizio Mazzocco, Shintaro Yamaguchi |
| Presented by: Maurizio Mazzocco, University of Wisconsin-Madison |
Session 67: International Trade 2 |
|---|
| Session Chair: Fabio Ghironi, Boston College |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| An Anatomy of International Trade: Evidence from French Firms |
| By Jonathan Eaton, Samuel Kortum, Francis Kramarz |
| Presented by: Jonathan Eaton, New York University |
| Implications of the Eaton-Kortum Model of International Trade |
| By Fernando Alvarez and Robert E. Lucas, Jr. |
| Presented by: Robert Lucas, Jr., University of Chicago |
| Globalization and the Gains from Variety |
| By Christian Broda and David Weinstein |
| Presented by: Christian Broda, Federal Reserve Bank of New York |
| International Trade and Macroeconomic Dynamics with Heterogeneous Firms |
| By Fabio Ghironi, Marc Melitz |
| Presented by: Fabio Ghironi, Boston College |
Session 68: Monetary Search Models |
|---|
| Session Chair: Brian Peterson, Indiana University |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Search, Limited Participation, and Monetary Policy |
| By Stephen Williamson |
| Presented by: Stephen Williamson, University of Iowa |
| Money, Credit, and Banking |
| By Aleksander Berentsen, Gabriele Camera, Christopher Waller |
| Presented by: Aleksander Berentsen, University of Basel |
| Greasing the Wheels of Trade: Inflation with Menu Costs and Search Frictions |
| By Ben Craig and Guillaume Rocheteau |
| Presented by: Ben Craig, Federal Reserve Bank |
| Precautionary versus Transactions Motive: The Effects of Aggregate Fluctuations in a Monetary Economy |
| By Brian Peterson |
| Presented by: Brian Peterson, Indiana University |
Session 69: Dynamic Contracts |
|---|
| Session Chair: Gian Luca Clementi, New York University |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| An Adverse Selection Model of Optimal Unemployment Insurance |
| By Marcus Hagedorn, Ashok Kaul, Tim Mennel |
| Presented by: Tim Mennel, University of Bonn |
| First Order Approach for Principal-Agent Models with Hidden Borrowing and Lending: The Two Period Case |
| By Arphad Abraham and Nicola Pavoni |
| Presented by: Nicola Pavoni, UCL |
| Fast Bargaining in Bankruptcy |
| By David Benjamin |
| Presented by: David Benjamin, University of Minnesota |
| Legal Institutions, Sectoral Heterogeneity, and Economic Development |
| By Rui Castro - Gian Luca Clementi - Glenn MacDonald |
| Presented by: Gian Luca Clementi, New York University |
Session 70: Business Cycles Models |
|---|
| Session Chair: Marcelo Veracierto, |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Credit Shocks in a Monetary Business Cycle |
| By Szilard Benk, Max Gillman, and Michal Kejak |
| Presented by: Max Gillman, Central European University |
| Betting against your neighbor: a quantitative investigation |
| By Irasema Alonso and Finn Kydland |
| Presented by: Irasema Alonso, University of Rochester |
| Occasionally Binding Collateral Constraints in RBC Models |
| By Emilio Espino & Thomas Hintermaier |
| Presented by: Emilio Espino, Institute for Advanced Studies |
| Firing Costs and Business Cycle Fluctuations |
| By Marcelo Veracierto |
| Presented by: Marcelo Veracierto, |
Session 71: European Unemployment |
|---|
| Session Chair: Alain Delacroix, Purdue University |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| Capital Flows, Incomplete Markets, and the U.S. European Unemployment Gap |
| By Allen Head and Karlis Smits |
| Presented by: Allen Head, Queen's University |
| The Missing Link: Product Market Regulation, Collective Bargaining and the European Unemployment Puzzle |
| By Monique Ebell and Christian Haefke |
| Presented by: Monique Ebell, Humboldt-University of Berlin |
| Unemployment Benefits and Unemployment Rates of Low-Skilled and Old Workers in West Germany: A Search Equilibrium Approach |
| By Andrey Launov and Joachim Wolff |
| Presented by: Andrey Launov, Goettingen University |
| Trade and the (Dis) Incentive to Reform Labor Markets: The Case of Reform in the European Union |
| By George Alessandria & Alain Delacroix |
| Presented by: Alain Delacroix, Purdue University |
Session 72: Heterogeneous Agents Economies |
|---|
| Session Chair: Radim Bohacek, CERGE |
| Date: July 3, 2004 |
| Time: 9:30 - 11:30 |
| A dynamic matching model with downward wage rigidity |
| By James Costain and Marcel Jansen |
| Presented by: James Costain, Univ. Carlos III de Madrid |
| Risk Aversion, Wealth and Background Risk |
| By Luigi Guiso and Monica Paiella |
| Presented by: Monica Paiella, Bank of Italy |
| Population Aging and International Capital Flows |
| By David Domeij and Martin Floden |
| Presented by: Martin Floden, Stockholm School of Economics |
| On the Optimal Tax Schedule |
| By Radim Bohacek, Michal Kejak |
| Presented by: Radim Bohacek, CERGE |
Session 73: Asset Pricing 2 |
|---|
| Session Chair: John Cochrane, |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Conditional Betas |
| By Tano Santos and Pietro Veronesi |
| Presented by: Pietro Veronesi, University of Chicago |
| The Price Impact and Survival of Irrational Traders |
| By Leonid Kogan, Stephen Ross, Jiang Wang, Mark Westrefield |
| Presented by: Leonid Kogan, MIT |
| Accounting for the Growth and Financial Returns of Firms |
| By Ayse Imrohoroglu, Monika Piazzesi and Selale Tuzel |
| Presented by: Monika Piazzesi, University of Chicago |
| Two Trees: Asset Price Dynamics Induced by Market Clearing |
| By John H. Cochrane, Francis Longstaff, Pedro Santa-Clara |
| Presented by: John Cochrane, |
Session 74: Trade and Development |
|---|
| Session Chair: Steve Redding, London School of Economics |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Trade and Inequality in Developing Countries: An Empirical Assessment |
| By Daniel Trefler and Susan Zhu |
| Presented by: Daniel Trefler, University of Toronto |
| A Theory of North-South Trade and Globalization |
| By Elias Dinopoulos and Paul Segerstrom |
| Presented by: Paul Segerstrom, Stockholm School of Economics |
| Globalization, Divergence and Stagnation |
| By Gino Gancia |
| Presented by: Gino Gancia, CREI and UPF |
| The Unequal Effects of Trade Liberalization: Theory and Evidence from India |
| By P Aghion, R Burgess, S Redding and F Zilibotti |
| Presented by: Steve Redding, London School of Economics |
Session 75: Empirical Studies of Human Capital and the Labor Market |
|---|
| Session Chair: Chris Robinson, University of Western Ontario |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Education, Self-Selection and Intergenerational Transmission of Abilities |
| By Adalbert Mayer |
| Presented by: Adalbert Mayer, Texas A&M |
| Estimating a General Equilibrium Model of Intersectoral Mobility with Aggregate Shocks |
| By Donghoon Lee, Kenneth Wolpin |
| Presented by: Donghoon Lee, NYU |
| Early and Late Human Capital Investments, Credit Constraints, and the Family |
| By Lance Lochner and Elizabeth Caucutt |
| Presented by: Lance Lochner, University of Western Ontario |
| Technological Change in the Production of Human Capital: Implications for Human Capital Stocks, Wages and Skill Differentials |
| By Audra J. Bowlus and Chris Robinson |
| Presented by: Chris Robinson, University of Western Ontario |
Session 76: Models of Saving and Consumption Behavior |
|---|
| Session Chair: Matteo Iacoviello, Boston College |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Consumption over the Life Cycle: Some Facts from Consumer Expenditure Survey Data |
| By Dirk Krueger, Jesus Fernandez-Villaverde |
| Presented by: Jesus Fernandez-Villaverde, University of Pennsylvania |
| The Effects of Health, Wealth and Wages on Labor Supply and Retirement Behavior |
| By Eric French |
| Presented by: Eric French, Federal Reserve Bank of Chicago |
| Pension Reform and Endogenous Borrowing Constraints |
| By Juan Rojas, Carlos Urrutia |
| Presented by: Carlos Urrutia, ITAM |
| Consumption, House Prices and Collateral Constraints: a Structural Econometric Analysis |
| By Matteo Iacoviello |
| Presented by: Matteo Iacoviello, Boston College |
Session 77: Industrial Organization 4: Theory and Empirics of Industry Dynamics |
|---|
| Session Chair: Lanier Benkard, Stanford University |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Finite State Dynamic Games with Asymmetric Information: A Computational Framework. |
| By Chaim Fershtman and Ariel Pakes. |
| Presented by: Chaim Fershtman, The Eitan Berglas School of Economics |
| Foundations of Markov-Perfect Industry Dynamics: Existence, Purification, and Multiplicity |
| By Ulrich Doraszelski, Mark Satterthwaite |
| Presented by: Ulrich Doraszelski, Hoover Institution |
| Dynamic Oligopoly with Network Effects |
| By Nicholas Economides, Matt Mitchell, Andy Skrzypacz |
| Presented by: Matthew Mitchell, University of Iowa |
| Estimating Dynamic Models of Imperfect Competition |
| By Bajari, P., Benkard, C. L., and J. Levin |
| Presented by: Lanier Benkard, Stanford University |
Session 78: Contracts, investment and asset prices |
|---|
| Session Chair: Felix Kubler, Stanford University |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Endogenous Trading Constraints with Incomplete Asset Markets |
| By Arpad Abraham and Eva Carceles Poveda |
| Presented by: Eva Carceles Poveda, SUNY at Stony Brook |
| Firm Dynamics, Investment and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994 |
| By Sangeeta Pratap, Carlos Urrutia |
| Presented by: Sangeeta Pratap, ITAM |
| Uncertainty and Long Term Labor Contracts |
| By Martin Gervais, Igor Livshits and Césaire Meh |
| Presented by: Martin Gervais, The University of Western Ontario |
| Leverage, Incomplete Markets and Crises |
| By John Geanakoplos, Felix Kubler |
| Presented by: Felix Kubler, Stanford University |
Session 79: Economic Growth II |
|---|
| Session Chair: Nils-Petter Lagerloef, York University |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Early Literacy Achievements, Population Density and the Transition to Modern Growth |
| By Raouf Boucekkine, David de la Croix, Dominique Peeters |
| Presented by: Dominique Peeters, Université catholique de Louvain |
| Rural-urban Migration and Economic Growth in Developing Countries |
| By D. Sirin Saracoglu, Terry L. Roe |
| Presented by: Durdane Saracoglu, Middle East Technical University |
| Land Reform |
| By Douglas Gollin |
| Presented by: Douglas Gollin, WILLIAMS COLLEGE |
| Regional income gaps in the U.S.A. today -- what can geography and slavery explain? |
| By Nils-Petter Lagerloef |
| Presented by: Nils-Petter Lagerloef, York University |
Session 80: Asymmetric Information |
|---|
| Session Chair: Leonardo Bartolini, |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Testing Private Information Models with Asset Accumulation |
| By Orazio Attanasio , Nicola Pavoni |
| Presented by: Orazio Attanasio, University College London |
| Enforcement and Firm Finance |
| By Stefan Krasa, Tridib Sharma and Anne Villamil |
| Presented by: Anne Villamil, University of Illinois |
| Tax Riots |
| By Marco Bassetto and Christopher Phelan |
| Presented by: Christopher Phelan, Federal Reserve Bank of Minneapolis |
| Why Emergency Lending Facilities Go Unused |
| By Leonardo Bartolini, Allan Drazen |
| Presented by: Leonardo Bartolini, |
Session 81: Labor Market Frictions |
|---|
| Session Chair: Pietro Garibaldi, Università Bocconi |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| On the Welfare Effect of Cyclical Policies under Incomplete Markets and Labor Market Frictions |
| By Toshihiko Mukoyama and Aysegul Sahin |
| Presented by: Aysegul Sahin, Purdue University |
| A Model of Job and Worker Flows |
| By Nobuhiro Kiyotaki and Ricardo Lagos |
| Presented by: Ricardo Lagos, Federal Reserve Bank of Minneapolis |
| Modeling a Jobless Recovery |
| By David Andolfatto and Glenn MacDonald |
| Presented by: David Andolfatto, |
| Equilibrium EMployment in a Model of IMperfect Labour Market |
| By Pietro Garibaldi and Etienne Wasmer |
| Presented by: Pietro Garibaldi, Università Bocconi |
Session 82: Economic Theory |
|---|
| Session Chair: Ronny Razin, New York University |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Unraveling of Dynamic Sorting |
| By Ettore Damiano, Hao Li, Wing Suen |
| Presented by: Hao Li, University of Toronto |
| Individually Rational, Balanced-Budget Bayesian Mechanisms and the |
| By Grigory Kosenok and Sergei Severinov |
| Presented by: Sergei Severinov, Duke University |
| Safety in Markets: An Impossibility Theorem for Dutch Books |
| By David Laibson and Leeat Yariv |
| Presented by: Leeat Yariv, University of California, Los Angeles |
| Multidimentional Cheap Talk |
| By Gilat L:evy (LSE) and Ronny Razin (NYU) |
| Presented by: Ronny Razin, New York University |
Session 83: Money and Banking |
|---|
| Session Chair: Huberto Ennis, Federal Reserve Bank of Richmond |
| Date: July 3, 2004 |
| Time: 13:00 - 15:00 |
| Fiat Money and Public Goods Provision |
| By Yiting Li and Akihiko Matsui |
| Presented by: Yiting Li, National Taiwan University |
| Leaning against the wind |
| By Pierre-Olivier Weill |
| Presented by: Pierre-Olivier Weill, Stanford University |
| Money and Modern Bank Runs |
| By David R. Skeie |
| Presented by: David Skeie, Princeton University |
| Bank Runs and Investment Decisions Revisited |
| By Huberto M. Ennis and Todd Keister |
| Presented by: Huberto Ennis, Federal Reserve Bank of Richmond |
Session 84: Empirical Analysis of Labor Markets |
|---|
| Session Chair: Costas Meghir, University College London |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Wage Distributions and Wage Dynamics in Europe and the US: Lessons from a Simple Job Search Model |
| By Gregory Jolivet, Fabien Postel-Vinay and Jean-Marc Robin |
| Presented by: Fabien Postel-Vinay, Ecole Nationale de la Statistique |
| Estimating Models of On-the-Job Search Using Record Statistics |
| By Gadi Barlevy |
| Presented by: Gadi Barlevy, Federal Reserve Bank of Chicago |
| Productivity Differences and Firm Size |
| By Rasmus Lentz and Dale T. Mortensen |
| Presented by: Rasmus Lentz, Boston University |
| Wage risk and employment risk over the life-cycle |
| By Hamish Low, Costas Meghir and Luigi Pistaferri |
| Presented by: Costas Meghir, University College London |
Session 85: Cross country income differences, capital flows and TFP |
|---|
| Session Chair: Yona Rubinstein, TLV U |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Why doesn't capital flow from rich to poor countries? An empirical investigation |
| By Laura Alfaro, Sebnem Kalemli-Ozcan, Vadym Volosovych |
| Presented by: Sebnem Kalemli-Ozcan, University of Houston |
| Monopoly rights and Cross-country TFP |
| By Berthold Herrendorf, Arilton Teixeira |
| Presented by: Arilton Teixeira, IBMEC |
| Accounting for the Cross--country Differences in Income and Physical and Human Capital |
| By Berthold Herrendorf and Akos Valentinyi and Arilton Teixeira |
| Presented by: Akos Valentinyi, University of Southampton |
| Which Countries Export FDI, and How Much? |
| By Assaf Razin, Yona Rubinstein and Efraim Sadka |
| Presented by: Yona Rubinstein, TLV U |
Session 86: Optimal Government Policy |
|---|
| Session Chair: Aleh Tsyvinski, UCLA |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Dynamic Optimal Taxation with Persistent Private Information |
| By Stefania Albanesi, Christopher Sleet |
| Presented by: stefania albanesi, Duke University |
| commitment vs. flexibility |
| By Amador, Werning and Angeletos |
| Presented by: Ivan Werning, MIT |
| Credible social insurance |
| By Christopher Sleet |
| Presented by: Christopher Sleet, University of Iowa |
| Optimal Taxation with Endogenous Insurance Markets |
| By Golosov, M and Tsyvinski, A |
| Presented by: Aleh Tsyvinski, UCLA |
Session 87: Asset Pricing 3 |
|---|
| Session Chair: Amir Yaron, The Wharton School |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models |
| By Xiaohong Chen and Sydney Ludvigson |
| Presented by: Sydney Ludvigson, New York University |
| High-Order Consumption Moments and Asset Pricing |
| By Andrei Semenov |
| Presented by: Andrei Semenov, York University |
| Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technology |
| By Jaime Cacassus, Pierre Collin-Dufresne, Bryan Routledge |
| Presented by: Pierre Collin-Dufresne, UC Berkeley |
| Futures Prices in a Production Economy with Investment Constraints |
| By Leonid Kogan,Dmitry Livdan, and Amir Yaron |
| Presented by: Amir Yaron, The Wharton School |
Session 88: Social Security |
|---|
| Session Chair: Francisco Gomes, London Business School |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Analyzing an Aging Population |
| By Shinichi Nishiyama |
| Presented by: Shinichi Nishiyama, Congressional Budget Office |
| Endogenous Social Security |
| By Elizabeth Caucutt, Thomas Cooley, Nezih Guner |
| Presented by: Elizabeth Caucutt, University of Western Ontario |
| Ex Ante Optimality and Social Security |
| By Gottardi, Piero (University of Venice) - Kubler, Felix (Stanford University) |
| Presented by: Piero Gottardi, Universita' di Venezia |
| Aggregate Implications of Defined Benefit and Defined Contribution Systems |
| By Francisco Gomes and Alexander Michaelides |
| Presented by: Francisco Gomes, London Business School |
Session 89: Business Cycles |
|---|
| Session Chair: Ben Eden, Vanderbilt university |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Trends and Fluctuations in the Household's Marginal Rate of Substitution Condition: Time Series Evidence from the OECD |
| By Lee E. Ohanian and Andrea Raffo |
| Presented by: Andrea Raffo, UCLA |
| Trend Breaks, Long Run Restrictions, and the Contractionary Effects of Technology Shocks |
| By John Fernald |
| Presented by: John Fernald, Federal Reserve Bank of Chicago |
| When Can Changes in Expectations Cause Business Cycle Fluctuations? |
| By Paul Beaudry and Franck Portier |
| Presented by: Franck Portier, Université de Toulouse |
| Rigid Prices: Evidence from US scanner data |
| By Jeff Campbell and Ben Eden |
| Presented by: Ben Eden, Vanderbilt university |
Session 90: Employment Protection Policies |
|---|
| Session Chair: Gueorgui Kambourov, University of Toronto |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Against Labour Market Risk: Employment Protection or Unemployment Benefits? |
| By Tito Boeri, J. Ignacio Conde-Ruiz, Vincenzo Galasso |
| Presented by: Vincenzo Galasso, IGIER - Università Bocconi |
| Optimal severance pay in a matching model |
| By Giulio Fella |
| Presented by: Giulio Fella, Queen Mary, University of London |
| Threshold effects and firm size: The case of firing costs |
| By Fabiano Schivardi and Roberto Torrini |
| Presented by: Fabiano Schivardi, Bank of Italy |
| Trade Reforms and the Labor Market |
| By Gueorgui Kambourov |
| Presented by: Gueorgui Kambourov, University of Toronto |
Session 91: Game Theory |
|---|
| Session Chair: Garance Genicot, Georgetown University |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Coordination Failures and Asset Prices |
| By Christian Hellwig (UCLA), Arihit Mukherji (Minnesota) and Aleh Tsyvinski |
| Presented by: Christian Hellwig, UCLA |
| Players with Fixed Resources in Elimination Tournaments |
| By Alexander Matros |
| Presented by: Alexander Matros, University of PIttsburgh |
| Caller Number Five: Timing Games that Morph From One Form to Another |
| By Lones Smith and Andreas Park |
| Presented by: Lones Smith, University of Michigan |
| An Experimental Test of Risk-Sharing Arrangements |
| By Gary Charness and Garance Genicot |
| Presented by: Garance Genicot, Georgetown University |
Session 92: Exchange rates |
|---|
| Session Chair: Juan Sole, International Monetary Fund |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| Exchange-rate fluctuations and pass-through |
| By Giancarlo Corsetti, Luca Dedola, Sylvain Leduc |
| Presented by: Luca Dedola, |
| Twin Deficit or Twin Divergence? Fiscal Policy, Real Exchange Rate, and the Current Account in the U.S. |
| By Soyoung Kim, Nouriel Roubini |
| Presented by: Soyoung Kim, Korea University and University of Illinois at Urbana-Champaign |
| Exchange rate overshooting and the costs of floating |
| By Michele Cavallo, Kate Kisselev, Fabrizio Perri and Nouriel Roubini |
| Presented by: Michele Cavallo, Federal Reserve Bank of San Francisco |
| Interest-rate Defenses of Currency Pegs |
| By Juan Sole |
| Presented by: Juan Sole, International Monetary Fund |
Session 93: Industry Dynamics |
|---|
| Session Chair: alessandro barbarino, the university of chicago |
| Date: July 3, 2004 |
| Time: 15:30 - 17:30 |
| The Effects of Market Structure on Industry Growth |
| By Christos Koulovatianos, Leonard J. Mirman |
| Presented by: Christos Koulovatianos, |
| INDUSTRY DYNAMICS AND SECONDARY MARKETS: THEORY AND EVIDENCE FROM COMMERCIAL AVIATION |
| By Alessandro Gavazza |
| Presented by: Alessandro Gavazza, NYU |
| On the Age and Size Distribution of Business Firms |
| By Erzo G.J. Luttmer |
| Presented by: Erzo Luttmer, University of Minnesota |
| An Equilibrium Search Model of Industry Dynamics |
| By alessandro barbarino |
| Presented by: alessandro barbarino, the university of chicago |