Society for Economic Dynamics 2005 Meeting |
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Summary of All Sessions |
85 sessions, 336 papers |
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Society for Economic Dynamics 2005 Meeting |
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Complete List of All Sessions |
Session 1: Topics in International Finance |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: M201 |
| Financial Crises and Total Factor Productivity: The Mexican Case |
| By Felipe Meza, Erwan Quintin |
| Presented by: Felipe Meza, Universidad Carlos III |
| Globalization and Emerging Markets: With or Without Crash? |
| By Philippe Martin and Helene Rey |
| Presented by: Philippe Martin, University of Paris I |
| International Asset Portfolios: A Dynamic General Equilibrium Perspective |
| By Robert Kollmann |
| Presented by: Robert Kollmann, University of Paris XII and CEPR |
| Why do financial systems differ? History matters. |
| By Erwan Quintin and Cyril Monnet |
| Presented by: Cyril Monnet, European Central Bank |
Session 2: Wage Dynamics Over the Life Cycle |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: F309 |
| Understanding Consumption Inequality and Income Inequality: A Human Capital Approach |
| By Fatih Guvenen and Burhanettin Kuruscu |
| Presented by: Burhanettin Kuruscu, University of Texas at Austin |
| Job Mobility and Wage Dynamics |
| By Luigi Pistaferri |
| Presented by: Luigi Pistaferri, Stanford University |
| The Returns to Schooling and Ability During the Early Career: Evidence on Employer Learning and Post-School Investment |
| By Fabian Lange |
| Presented by: Fabian Lange, Yale University |
| Modeling Earnings Dynamics |
| By Joseph G. Altonji, Anthony Smith, and Ivan Vidangos |
| Presented by: Ivan Vidangos, Yale University |
Session 3: Monetary Theory 1 |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: M103 Gellner |
| Search, Money, and Inflation under Private Information |
| By Huberto M. Ennis |
| Presented by: Huberto Ennis, Federal Reserve Bank of Richmond |
| Bargaining in Monetary Economies |
| By Guillaume Rocheteau and Christopher Waller |
| Presented by: Christopher Waller, University of Notre Dame |
| Asset Prices and Liquidity in an Exchange Economy |
| By Ricardo Lagos |
| Presented by: Ricardo Lagos, Federal Reserve Bank of Minneapolis and New York University |
| Search Frictions and Asset Price Volatility |
| By Enchuan Shao and B. Ravikumar |
| Presented by: B. Ravikumar, University of Iowa |
Session 4: Housing and Consumption |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: F509 |
| 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 |
| Consumption Along the Life Cycle: How Different is Housing? |
| By Fang Yang |
| Presented by: Fang Yang, University of Minnesota |
| Housing, House Prices, and the Equity Premium Revisited |
| By Morris Davis, and Robert F. Martin |
| Presented by: Robert Martin, Federal Reserve Board |
Session 5: Political Economy |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: M202 |
| Playing for Your Own Audience: Extremism in Two-Party Elections |
| By Gabor Virag |
| Presented by: Gabor Virag, University of Rochester |
| Group Formation and Voter Participation |
| By Helios Herrera and Cesar Martinelli |
| Presented by: Helios Herrera, Instituto Tecnologico Autonomo de Mexico |
| Commitment Problems and the Political Economy of States and Mafias |
| By Ethan Bueno de Mesquita and Catherine Hafer |
| Presented by: Catherine Hafer, New York University |
| Political Careers or Career Politicians? |
| By Andrea Mattozzi and Antonio Merlo |
| Presented by: Antonio Merlo, University of Pennsylvania |
Session 6: Property Rights |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: Auditorium |
| The Product Cycle and Inequality |
| By Boyan Jovanovic |
| Presented by: Boyan Jovanovic, New York University |
| Innovation and Imitation in a High Information Economy |
| By Thomas Cooley and Mehmet Yorukoglu |
| Presented by: Thomas Cooley, New York University |
| Oligarchic Property Rights and Investment |
| By Serguey Braguinsky and Roger Myerson |
| Presented by: Roger Myerson, University of Chicago |
| Lobbying and Technology Diffusion |
| By Diego Comin and Bart Hobijn |
| Presented by: Diego Comin, New York University |
Session 7: Labor Market Dynamics |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: F409 |
| Forward-Looking Hiring Behavior and the Dynamics of the Aggregate Labor Market |
| By Eran Yashiv |
| Presented by: Eran Yashiv, London School of Economics |
| Labor Turnover Costs and the Cyclical Behavior of Vacancies and Unemployment |
| By Silva, Jose I. and Manuel Toledo |
| Presented by: Manuel Toledo, University of Rochester |
| On-the-job Search and the Cyclical Dynamics of the Labor Market |
| By Michael U. Krause and Thomas A. Lubik |
| Presented by: Michael Krause, Tilburg University |
| Returns to Government Sponsored Training |
| By Gueorgui Kambourov, Iourii Manovskii, and Miana Plesca |
| Presented by: Gueorgui Kambourov, University of Toronto |
Session 8: Structural VARs |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: M102 Popper |
| Inefficient Shocks |
| By Giorgio Primiceri and Andrea Tambalotti |
| Presented by: Giorgio Primiceri, Northwestern University |
| Vector Autoregressions and Reduced Form Representations of DSGE Models |
| By Federico Ravenna |
| Presented by: Federico Ravenna, University of California Santa Cruz |
| Are Structural VARs Useful Guides for Developing Business Cycle Theories? |
| By V. V. Chari, Patrick Kehoe and Ellen McGrattan |
| Presented by: V. Chari, Federal Reserve Bank of Minneapolis |
| Assessing the Usefulness of Structural Vector Autoregressions |
| By Lawrence Christiano, Martin Eichenbaum, Robert Vigfusson |
| Presented by: Robert Vigfusson, Federal Reserve Board |
Session 9: Trade and Real Exchange Rate Fluctuations |
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| Date: June 23, 2005 |
| Time: 10:00 - 12:00 |
| Location: F609 |
| Monetary and Fiscal Policy in a Monetary Union |
| By Bernardino Adão, Nuno Alves, Jose B. Brito, and Isabel Correia |
| Presented by: Jose Brito, Banco de Portugal |
| Real Exchange Rate Fluctuations and Endogenous Tradability |
| By Kanda Naknoi |
| Presented by: Kanda Naknoi, Purdue University |
| Heterogeneous Plants and Trade: Lessons from the Canada-US FTA |
| By Michael Rolleigh |
| Presented by: Michael Rolleigh, Williams College |
| Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics |
| By Balazs Vilagi |
| Presented by: Balazs Vilagi, Central Bank of Hungary |
Session 10: Heterogeneity and Its Consequences |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: M102 Popper |
| Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion |
| By Jonathan Heathcote, Kjetil Storesletten, Gianluca Violante |
| Presented by: Giovanni Luca Violante, New York University |
| Firm Volatility and Wage Inequality |
| By Fatih Guvenen and Thomas Philippon |
| Presented by: thomas philippon, nyu stern |
| Accounting for the Changing Life-Cycle Profile of Earnings |
| By Gueorgui Kambourov and Iourii Manovskii |
| Presented by: Iourii Manovskii, University of Pennsylvania |
| Nominal Contracts, Coordination and Risk Sharing |
| By Matthias Doepke, Martin Schneider |
| Presented by: Martin Schneider, New York University |
Session 11: Asset Pricing 1 |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: M201 |
| Operating Leverage, Stock Market Cyclicality, and the Cross-Section of Returns |
| By Francois Gourio |
| Presented by: Francois Gourio, University of Chicago |
| Euler Equation Errors |
| By Martin Lettau and Sydney C. Ludvigson |
| Presented by: Sydney Ludvigson, New York University |
| The Equity Premium Implied by Production |
| By Urban J. Jermann |
| Presented by: Urban Jermann, University of Pennsylvania |
| The Returns on Human Wealth: Good News on Wall Street is Bad News on Main Street |
| By Hanno Lustig and Stijn Van Nieuwerburgh |
| Presented by: Hanno Lustig, University of California Los Angeles |
Session 12: Incomplete Markets, Contracts, and Institutions |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: M202 |
| Informal Insurance in Social Networks |
| By Francis Bloch, Garance Genicot, Debraj Ray |
| Presented by: Garance Genicot, Georgetown University |
| Unemployment Insurance under Moral Hazard and Limited Commitment:Public versus Private Provision |
| By Jonathan P Thomas and Tim Worall |
| Presented by: Tim Worrall, Keele University |
| Competition, Innovation and Growth with Limited Enforcement |
| By Ramon Marimon and Vincenzo Quadrini |
| Presented by: Ramon Marimon, Universitat Pompeu Fabra |
| Firm Entry and Finance: Distinguishing Information Regimes |
| By Alexander Karaivanov and Robert Townsend |
| Presented by: Alexander Karaivanov, Simon Fraser University |
Session 13: Current Account Dynamics |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: Auditorium |
| Current Account Fact and Fiction |
| By David Backus, Gian Luca Clementi, Frederic Lambert |
| Presented by: David Backus, New York University, Stern School of Business |
| Sovereign Default and Debt Renegotiation |
| By Vivian Z. Yue |
| Presented by: Vivian Zhanwei Yue, University of Pennsylvania |
| International Financial Adjustment |
| By Pierre Olivier Gourinchas and Helene Rey |
| Presented by: Helene Rey, Princeton University |
| Sudden Stops and Productivity Drops |
| By Timothy J. Kehoe and Kim J. Ruhl |
| Presented by: Timothy Kehoe, University of Minnesota |
Session 14: Financial History |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: F509 |
| Regional Banks for Micro-Credit Institutions: Centrals in |
| By Timothy W. Guinnane |
| Presented by: Timothy Guinnane, Yale University |
| Were U.S. State Banknotes Priced as Securities? |
| By Warren E. Weber |
| Presented by: Warren Weber, Federal Reserve Bank of Minneapolis |
| Commodities Prices and Monetary Policy in 18th c. France |
| By Francois R. Velde |
| Presented by: Francois Velde, Federal Reserve Bank of Chicago |
| The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking |
| By Stephen Quinn and William Roberds |
| Presented by: William Roberds, Federal Reserve Bank of Atlanta |
Session 15: Education and the Labor Market |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: F309 |
| Accounting for General Equilibrium Effects in Program Evalution |
| By Miana Plesca |
| Presented by: Miana Plesca, University of Guelph |
| Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation |
| By Christian Holzner and Andrey Launov |
| Presented by: Christian Holzner, IFOInstitute for Economic Research |
| The Complementarity and Self Productivity of Human Capital Investments in a SDGE Economy with Altruism and Lifetime Liquidity Constraints |
| By Flavio Cunha |
| Presented by: Flavio Cunha, University of Chicago |
| Education Decisions, Equilibrium Policies and Wages Dispersion |
| By Giovanni Gallipoli, Costas Meghir and Gianluca Violante |
| Presented by: Giovanni Gallipoli, University College London |
Session 16: On Signalling and Information |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: M103 Gellner |
| Optimal Stalling While Bargaining |
| By John Thanassoulis |
| Presented by: John Thanassoulis, Oxford University |
| Coordination Failure in Repeated Games with Almost-Public Monitoring |
| By George J Mailath and Stephen Morris |
| Presented by: George Mailath, University of Pennsylvania |
| A Theory of Costly Signaling |
| By Kim-Sau Chung and Peter Eso |
| Presented by: Peter Eso, Northwestern Unviersity |
| The Demand for Information: More Heat than Light |
| By Jussi Keppo, Giuseppe Moscarini, Lones Smith |
| Presented by: Giuseppe Moscarini, Yale University |
Session 17: On the Effects of Monetary Policy |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: F409 |
| Monetary Policy, Taxes, and the Business Cycle |
| By William T. Gavin, Finn E. Kydland, and Michael R. Pakko |
| Presented by: William Gavin, Federal Reserve Bank of St. Louis |
| Monetary Shocks in a Model with Loss of Skills |
| By Julen Esteban-Pretel, Elisa Faraglia |
| Presented by: Julen Esteban-Pretel, University of Tokyo |
| The Demand for Currency at Low Interest Rates |
| By Francesco Lippi and Alessandro Secchi |
| Presented by: Francesco Lippi, Bank of Italy |
| Menu Costs at Work: Restaurant Prices and the Introduction of the Euro |
| By Bart Hobijn, Federico Ravenna, Andrea Tambalotti |
| Presented by: Andrea Tambalotti, Federal Reserve Bank of New York |
Session 18: Investment |
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| Date: June 23, 2005 |
| Time: 13:15 - 15:15 |
| Location: F609 |
| (Relative Price) Lessons from Taking an AK Model to the Data |
| By Joao Ejarque and Ana Balcao Reis |
| Presented by: Joao Ejarque, University of Essex |
| Modeling Inventories Over the Business Cycle |
| By Aubhik Khan and Julia K. Thomas |
| Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia |
| Innovation, Machine Replacement and Productivity |
| By Omar Licandro, Reyes Maroto and Luis A. Puch |
| Presented by: Omar Licandro, European University Institute |
| GMM for Discrete Choice Models: A Capital Accumulation Application |
| By Russell Cooper, John Haltiwanger and Jon Willis |
| Presented by: Jonathan Willis, Federal Reserve Bank of Kansas City |
Session 19: Cyclical Fluctuations in Labor Markets |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: Auditorium |
| Amplification of Labor Market Fluctuations: Why Vacancies Don't Like to Hire the Unemployed? |
| By Eva Nagypal |
| Presented by: Eva Nagypal, Northwestern University |
| More on Unemployment and Vacancy Fluctuations |
| By Dale T. Mortensen |
| Presented by: Dale Mortensen, Northwestern University |
Session 20: Optimal Policy |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: M103 Gellner |
| Optimal Taxation with Limited Memory |
| By Stefania Albanesi and Christopher Sleet |
| Presented by: Christopher Sleet, University of Iowa |
| Dynamic Optimal Taxation of Productive Assets |
| By Stefania Albanesi, Christopher Sleet |
| Presented by: Stefania Albanesi, Duke University |
| Optimal Taxation with Persistent Shocks |
| By Marek Kapicka |
| Presented by: Marek Kapicka, University of California Santa Barbara |
| Copyrights, Price Discrimination and Hidden Trading: Lessons from a Ricardian Theory of Innovation |
| By V. V. Chari, Mike Golosov, Aleh Tsyvinski |
| Presented by: Mike Golosov, Massachusetts Institute of Technology |
Session 21: Exchange Rates |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: M202 |
| International Asset Markets and Real Exchange Rate Volatility |
| By Martin Bodenstein |
| Presented by: Martin Bodenstein, Northwestern University |
| Exchange Rate Regimes |
| By Bernardino Adao, Isabel Correia and Pedro Teles |
| Presented by: Pedro Teles, Federal Reserve Bank of Chicago |
| Pass-Through and Exchange-Rate Fluctuations in a DSGE Model of Price |
| By Giancarlo Corsetti, Luca Dedola and Sylvain Leduc |
| Presented by: Sylvain Leduc, Federal Reserve Board |
| Monetary Policy in the Open Economy Revisited: The Case for Exchange-Rate Flexibility Restored |
| By Duarte, Margarida and Obstfeld, Maurice |
| Presented by: Margarida Duarte, Federal Reserve Bank of Richmond |
Session 22: On the Determinants of Economic Development |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: F609 |
| Slavery, Institutional Development and Long-Run Growth in Africa |
| By Nathan Nunn |
| Presented by: Nathan Nunn, University of Toronto |
| Malaria |
| By Douglas Gollin, Christian Zimmerman |
| Presented by: Douglas Gollin, Williams College |
| Sons of Something: Taxes, Lawsuits and Local Political Control in Sixteenth Century Castile |
| By Mauricio Drelichman |
| Presented by: Mauricio Drelichman, University of British Columbia |
| Evaluating Explanations for Stagnation |
| By Elizabeth Caucutt and Krishna Kumar |
| Presented by: Elizabeth Caucutt, University of Western Ontario |
Session 23: Urban Economics |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: F809 |
| Job Search in Thick Markets: Evidence from Italy |
| By Sabrina Di Addario |
| Presented by: Sabrina Di Addario, Bank of Italy |
| Outsourcing, Inequality, and Cities |
| By Wen-Chi Liao |
| Presented by: Wen-Chi Liao, University of Minnesota |
| Why Are Private Schools Small? School Location, Returns to Scale, and Size |
| By Margaret Ledyard |
| Presented by: Margaret Ledyard, University of Texas Austin |
| "Why are Some Cities So Crowded?" |
| By Jordan Rappaport |
| Presented by: Jordan Rappaport, Federal Reserve Bank of Kansas City |
Session 24: Mechanism Design |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: M201 |
| Capacity Choice Counters the Coase Conjecture |
| By R. Preston McAfee and Thomas Wiseman |
| Presented by: Tom Wiseman, University of Texas Austin |
| Durable-Goods Monopoly with Varying Cohorts |
| By Simon Board |
| Presented by: Simon Board, University of Toronto |
| On Ascending Vickrey Auctions for Heterogeneous Objects |
| By Sven de Vries, James Schummer, Rakesh Vohra |
| Presented by: James Schummer, Northwestern University |
| Optimal Auction Design For Multiple Objects with Externalities |
| By Nicolas Figueroa and Vasiliki Skreta |
| Presented by: Vasiliki Skreta, University of California Los Angeles |
Session 25: Consumption and Portfolio Choice Over the Life Cycle |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: M102 Popper |
| Income taxation with uninsurable endowment and entrepreneurial investment risks |
| By Sagiri Kitao |
| Presented by: Sagiri Kitao, NYU |
| Consumption, Expenditure, and Home Production over the Lifecycle |
| By Mark Aguiar, Erik Hurst |
| Presented by: Mark Aguiar, Federal Reserve Bank of Boston |
| Health and Heterogeneity |
| By Josep Pijoan-Mas and Victor Rios-Rull |
| Presented by: Josep Pijoan-Mas, Centro de Estudios Monetarios y Financieros |
| Consumption and Portfolio Choice with Costly Adjustment for Durables |
| By Nancy L. Stokey |
| Presented by: Nancy Stokey, University of Chicago |
Session 26: Firms and Aggregate Dynamics |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: F309 |
| The Value of Information in Credit Markets |
| By Jose Wynne |
| Presented by: Jose Wynne, Duke University |
| Financial Development and Macroeconomic Stability |
| By Urban Jermann and Vincenzo Quadrini |
| Presented by: Vincenzo Quadrini, University of Southern California |
| Business Cycles and Firm Dynamics |
| By Florin Bilbiie, Fabio Ghironi, Marc Melitz |
| Presented by: Fabio Ghironi, Boston College |
| Firms and Aggregate Dynamics |
| By Francesco Franco and Thomas Philippon |
| Presented by: Francesco Franco, Universidade Nova de Lisboa |
Session 27: International Finance |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: F409 |
| Financial Integration and the Wealth Effect of Exchange Rate Fluctuations. |
| By Cedric Tille |
| Presented by: Cedric Tille, Federal Reserve Bank of New York |
| International Lending, Capital Controls and Wealth Inequality |
| By Geoffrey Dunbar |
| Presented by: Geoffrey Dunbar, Queen's University |
| Risks For The Long Run And The Real Exchange Rate |
| By Riccardo Colacito and Mariano Croce |
| Presented by: Riccardo Colacito, New York University |
| Monetary Policy in an Equilibrium Portfolio Balance Model |
| By Michael Kumhof and Stijn van Nieuwerburgh |
| Presented by: Michael Kumhof, International Monetary Fund |
Session 28: Growth and TFP |
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| Date: June 23, 2005 |
| Time: 15:45 - 17:45 |
| Location: F509 |
| A Tale of Two States |
| By Amartya Lahiri, Kei-Mu Yi |
| Presented by: Amartya Lahiri, Federal Reserve Bank of New York |
| A Theory of Modern Transition Applied to Thailand |
| By Hyeok Jeong and Yong Kim |
| Presented by: Hyeok Jeong, University of Southern California |
| Accounting for the Secular "Decline" of U.S. Manufacturing |
| By Milton Marquis and Bharat Trehan |
| Presented by: Bharat Trehan, Federal Reserve Bank of San Francisco |
| Sustainable Miracles |
| By Benjamin Bridgman, Victor Gomes, and Arilton Teixeira |
| Presented by: Benjamin Bridgman, Bureau of Economic Analysis |
Session 29: Economic Growth: A Conversation Between Economics and History |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: Auditorium |
| The Surprising Dynamism of the Malthusian Economy: England, 1200-1800 |
| By Gregory Clark |
| Presented by: Gregory Clark, University of California Davis |
| The Great Synergy: The European Enlightenment as a Factor in Modern Economic Growth. |
| By Joel Mokyr |
| Presented by: Joel Mokyr, Northwestern University |
| Land Inequality and the Origin of Divergence and Overtaking in the Growth Process: Theory and Evidence |
| By Oded Galor, Omer Moav, Dietrich Vollrath |
| Presented by: Omer Moav, Hebrew University of Jerusalem |
| Reflections on Economic Growth |
| By Robert Lucas |
| Presented by: Robert Lucas, University of Chicago |
Session 30: Housing and Business Cycles |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: M102 Popper |
| Heterogeneity within Communities: A Stochastic Model with Tenure Choice |
| By Francois Ortalo-Magne and Sven Rady |
| Presented by: Francois Ortalo-Magne, University of Wisconsin Madison |
| The Role of Collateralized Household Debt in Macroeconomic Stabilization |
| By Jeffrey C. Campbell and Zvi Hercowitz |
| Presented by: Zvi Hercowitz, Tel Aviv University |
| Consumption Commitments: Neoclassical Foundations for Habit Formation |
| By Raj Chetty and Adam Szeidl |
| Presented by: Adam Szeidl, University of California Berkeley |
| Private Debt and Idiosyncratic Volatility: A Business Cycle Analysis |
| By Matteo Iacoviello |
| Presented by: Matteo Iacoviello, Boston College |
Session 31: Culture and Economics |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: F409 |
| The Local Dynamics of Culture |
| By Alberto Bisin and Onur Ozgur |
| Presented by: Alberto Bisin, New York University |
| Fertility and Female Employment: a Different View of the Last 50 Years |
| By Sebastien Buttet, Alice Schoonbroodt |
| Presented by: Alice Schoonbroodt, University of Minnesota |
| Cultural Biases in Economic Exchange |
| By Luigi Guiso, Paola Sapienza, Luigi Zingales |
| Presented by: Luigi Guiso, University of Chicago |
| Living Arrangements in Western Europe: Does Cultural Origin Matter? |
| By Paola Giuliano |
| Presented by: Paola Giuliano, International Monetary Fund |
Session 32: Games of Timing |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: M202 |
| Experimentation and Observational Learning in a Market with Exit |
| By Pauli Murto and Juuso Valimaki |
| Presented by: Pauli Murto, Helsinki School of Economics |
| The Timing of Acquisitions |
| By Robin Mason and Helen Weeds |
| Presented by: Robin Mason, University of Southampton |
| Preemption Games with Private Information |
| By Hugo Hopenhayn and Francesco Squintani |
| Presented by: Francesco Squintani, University College London |
| Endogenous Herding and The Gold Rush: Timing Models with Both Explosive and Timed Entry |
| By Andreas Park and Lones Smith |
| Presented by: Andreas Park, University of Toronto |
Session 33: Empirical IO 2: Firm Dynamics |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: F509 |
| Prices, Production, and Inventories Over the Automotive Model Year |
| By Adam Copeland, Wendy Dunn, and George Hall |
| Presented by: George Hall, Yale University |
| Technology Adoption, Learning by Doing, and Productivity: A Study from Steel Refining Furnaces |
| By Tsuyoshi Nakamura and Hiroshi Ohashi |
| Presented by: Hiroshi Ohashi, University of Tokyo |
| Modeling Firm Dynamics to Identify the Cost of Financing Constraints in Ghanaian Manufacturing |
| By Matthias Schundeln |
| Presented by: Matthias Schuendeln, Harvard University |
| Measuring and Mismeasuring Industry Productivity Growth Using Plant-Level Data |
| By Amil Petrin, James Levinsohn |
| Presented by: Amil Petrin, University of Chicago |
Session 34: Households and Labor Supply |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: F609 |
| Consumption Inequality and Intra-Household Allocations |
| By Jeremy Lise and Shannon Seitz |
| Presented by: Jeremy Lise, Queen's University |
| Job Assignments, Careers and the Gender Earnings Gap |
| By Stefania Albanesi, Claudia Olivetti |
| Presented by: Claudia Olivetti, Boston University |
| Labor Supply and the Changing Household |
| By James Kahn |
| Presented by: James Kahn, Federal Reserve Bank of New York |
| Keeping Up with the Joneses: Evidence from Micro Data |
| By Enrichetta Ravina |
| Presented by: Enrichetta Ravina, Northwestern University |
Session 35: Financial Frictions and Liquidity |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: M201 |
| A Model of Dynamic Liquidity Contracts |
| By Onur Ozgur |
| Presented by: Onur Ozgur, New York University |
| The Magnitude and Cyclical Behavior of Financial Market Frictions |
| By Andrew T. Levin, Fabio M. Natalucci, Egon Zakrajsek |
| Presented by: Egon Zakrajsek, Federal Reserve Economists |
| The Design of Monetary and Fiscal Policy: A Global Perspective |
| By Jess Benhabib and Stefano Eusepi |
| Presented by: Jess Benhabib, New York University |
| Financing Shortfalls and the Value of Aggregate Liquidity |
| By Andrea Eisfeldt and Adriano Rampini |
| Presented by: Andrea Eisfeldt, Northwestern University |
Session 36: Emerging Market Crises |
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| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: F309 |
| Aggregate Investment Expenditures on Traded and Nontraded Goods |
| By Rudolfs Bems |
| Presented by: Rudolfs Bems, Stockholm School of Economics |
| Do Miracles Lead to Crises?: An Informational Frictions Explanation to Emerging Market Financial Crises |
| By Emine Boz |
| Presented by: Emine Boz, University of Maryland |
| Optimal Monetary and Exchange Rate Policies in Crisis-Prone Small Open Economies |
| By Joydeep Bhattacharya and Rajesh Singh |
| Presented by: Rajesh Singh, Iowa State University |
| Government Finance in the Wake of Currency Crises |
| By Craig Burnside, Martin Eichenbaum, Sergio Rebelo |
| Presented by: A. Craig Burnside, Duke University |
Session 37: Monetary Theory 2 |
|---|
| Date: June 24, 2005 |
| Time: 10:00 - 12:00 |
| Location: M103 Gellner |
| Time Consistent Monetary Policy with Endogenous Price Rigidity |
| By Henry Siu |
| Presented by: Henry Siu, University of British Columbia |
| Inflation, Prices, and Information in Competitive Search |
| By Miquel Faig and Belen Jerez |
| Presented by: Belen Jerez, Universidad Carlos III de Madrid |
| Mechanism Design and Payments |
| By Thorsten Koeppl Cyril Monnet Ted Temzelides |
| Presented by: Ted Temzelides, University of Pittsburgh |
| On the Coexistence of Money and Bonds |
| By David Andolfatto |
| Presented by: David Andolfatto, |
Session 38: Inequality, Risk and Welfare |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: F309 |
| Private and Public Risk Sharing in Economies with Limited Enforcement |
| By Dirk Krueger, Fabrizio Perri |
| Presented by: Dirk Krueger, Frankfurt University |
| Trade Policy, Income Risk and Welfare |
| By Tom Krebs, Pravin Krishna, William Maloney |
| Presented by: Pravin Krishna, Brown University |
| Aggregate Shocks and the Volatility of House Prices |
| By J.V.Rios-Rull and V. Sanchez-Marcos |
| Presented by: Virginia Sanchez-Marcos, Universidad de Cantabria |
| A Tractable Framework for Understanding Dispersion in Labor Supply and Consumption |
| By Heathcote, Storesletten and Violante |
| Presented by: Kjetil Storesletten, Stockholm University |
Session 39: Dynamic Public Economics |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: M102 Popper |
| A Theory of Capital Adequacy Requirements of Banks |
| By M. Golosov and A. Tsyvinski |
| Presented by: Aleh Tsyvinski, University of California Los Angeles |
| Income Redistribution and Disability Insurance |
| By Hugo Hopenhayn and Juan Carlos Hatchondo |
| Presented by: Hugo Hopenhayn, University of California, Los Angeles |
| Markets as Beneficial Constraints on the Government |
| By Alberto Bisin and Adriano Rampini |
| Presented by: Adriano Rampini, Northwestern University |
| Inequality, Social Discounting and Estate Taxation |
| By Emmanuel Farhi and Ivan Werning |
| Presented by: Emmanuel Farhi, Massachusetts Institute of Technology |
Session 40: Information and Macroeconomics |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: M201 |
| Information Immobility and the Home Bias Puzzle |
| By Stijn Van Nieuwerburgh and Laura Veldkamp |
| Presented by: Laura Veldkamp, New York University |
| Inattentive Producers |
| By Ricardo Reis |
| Presented by: Ricardo Reis, Princeton University |
| Optimal Sticky Prices under Rational Inattention |
| By Bartosz Mackowiak and Mirko Wiederholt |
| Presented by: Mirko Wiederholt, Humboldt University Berlin |
| Monetary Policy and Consumer Expectations |
| By Guido Lorenzoni |
| Presented by: Guido Lorenzoni, Massachusetts Institute of Technology |
Session 41: The Economics of Marriage |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: F509 |
| The Value of Sons in Premodern Economies: A View from the Marriage Market |
| By Maristella Botticini and Aloysius Siow |
| Presented by: Maristella Botticini, Boston University and Universita di Torino |
| The Mystery of Monogamy |
| By Eric D. Gould, Omer Moav, and Avi Simhon |
| Presented by: Avi Simhon, The Hebrew University of Jerusalem |
| Spousal Matching, Marriage Contracts and Divorce: A Collective Household Approach |
| By Pierre-Andre Chiappori, Murat Iyigun, Yoram Weiss |
| Presented by: Murat Iyigun, University of Colorado |
| What Makes You Click? An Empirical Analysis of Online Dating |
| By Guenter Hitsch, Ali Hortacsu, Dan Ariely |
| Presented by: Ali Hortacsu, University of Chicago |
Session 42: Computational Methods |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: F409 |
| On the Recursive Saddle Point Method |
| By Ramon Marimon, Matthias Messner and Nicola Pavoni |
| Presented by: Matthias Messner, Bocconi University |
| Asset Trading Volume in a Production Economy |
| By Emilio Espino and Thomas Hintermaier |
| Presented by: Emilio Espino, Institute for Advanced Studies |
| Bayesian Estimation of Dynamic Discrete Choice Models |
| By Susumu Imai, Neelam Jain, Andrew Ching |
| Presented by: Neelam Jain, Northern Illinois University |
| Solving Dynamic Stochastic Optimization Problems Using the Method of Endogenous Gridpoints |
| By Christopher D. Carroll |
| Presented by: Christopher Carroll, Johns Hopkins University |
Session 43: Unemployment and Job Search |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 24:15 |
| Location: M202 |
| Privatization, Unemployment and Subsidy |
| By K. Balla, G. Kertesi, J. Kollo, A. Simonovits |
| Presented by: Andras Simonovits, Institute of Economics |
| Embodied Technical Change and the Persistence of Vacancies |
| By Reinout De Bock |
| Presented by: Reinout De Bock, Northwestern University |
| Structural Change and Aggregate Employment with Mobility Barriers |
| By Liwa Rachel Ngai and Christopher Pissarides |
| Presented by: rachel ngai, london school of economics |
| Directed search without wage commitment: a new role for minimum wages and unions. |
| By Adrian Masters |
| Presented by: Adrian Masters, State University of New York Albany |
Session 44: Accounting for International Price Differentials |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: F809 |
| Price Dispersion: The Role of Borders, Distance and Location |
| By Mario Crucini, Chris Telmer, Marios Zachariadis |
| Presented by: Mario Crucini, Vanderbilt University |
| How Relative Prices Differ Across Countries, and |
| By Berhtold Herrendorf and Akos Valentinyi |
| Presented by: Akos Valentinyi, University of Southampton |
| Violating Purchasing Power Parity |
| By George Alessandria and Joseph Kaboski |
| Presented by: George Alessandria, Federal Reserve Bank of Philadelphia |
| A Decomposition of the Sources of Incomplete Cross-Border Transmission |
| By Rebecca Hellerstein |
| Presented by: Rebecca Hellerstein, Federal Reserve Bank of New York |
Session 45: Dynamics and Theory |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: F609 |
| Endogenous Borrowing Constraints in the Presence of Shipping Costs |
| By Stephane Guibaud |
| Presented by: Stephane Guibaud, Paris-Jourdan Sciences Economiques |
| Complete Markets, Enforcement Constraints and Intermediation |
| By Arpad Abraham and Eva Carceles-Poveda |
| Presented by: Arpad Abraham, |
| Delay Aversion |
| By Jean-Pierre Benoît, Efe OK |
| Presented by: Jean-Pierre Benoit, New York University |
| Strategic Experimentation with Undiscounted Bandits |
| By Godfrey Keller, Sven Rady |
| Presented by: Godfrey Keller, University of Oxford |
Session 46: Monetary Theory and Policy |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: M103 Gellner |
| Currency Areas and Monetary Coordination |
| By Qing Liu, Shouyong Shi |
| Presented by: Qing Liu, University of Toronto |
| Money and Capital |
| By S. Boragan Aruoba, Christopher J. Waller, Randall Wright |
| Presented by: S. Boragan Aruoba, University of Maryland |
| Monetary Policy and Distribution |
| By Stephen D. Williamson |
| Presented by: Stephen Williamson, University of Iowa |
| "The effects of inflation in a search model of labor" |
| By Brian Peterson and Roberto Samaniego |
| Presented by: Brian Peterson, Indiana University |
Session 47: Driving Forces of Macroeconomic Trends |
|---|
| Date: June 24, 2005 |
| Time: 13:15 - 15:15 |
| Location: Auditorium |
| Wage Structure and Public Sector Employment: Sweden versus the United States 1970-1999 |
| By David Domeij and Lars Ljungqvist |
| Presented by: David Domeij, Stockholm School of Economics |
| Japanese Saving Rate |
| By Kaiji Chen, Ayse Imrohoroglu, and Selo Imrohoroglu |
| Presented by: Ayse Imrohoroglu, usc |
| Saving and Interest Rates in Japan:Why They Have Fallen and Why They Will Remain Low |
| By R. Anton Braun, Daisuke Ikeda, Douglas Joines |
| Presented by: R. Braun, University of Tokyo |
| Productivity and the Post-1990 U.S. Economy |
| By Ellen McGrattan & Edward Prescott |
| Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis |
Session 48: Wealth Accumulation Over the Life Cycle |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: Auditorium |
| Risky Human Capital |
| By Mark Huggett, Gustavo Ventura, Amir Yaron |
| Presented by: Gustavo Ventura, Pennsylvania State University |
| Estimating the Response of Bequests to Early and Late Income Shocks |
| By Joseph G. Altonji and Ernesto Villanueva |
| Presented by: Joseph Altonji, Yale University |
| Estate taxes, entrepreneuship, and wealth |
| By Marco Cagetti and Mariacristina De Nardi |
| Presented by: Mariacristina De Nardi, University of Minnesota |
Session 49: Financial Crises |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: F409 |
| Reputation and Price Dynamics in Financial Markets |
| By Amil Dasgupta and Andrea Prat |
| Presented by: Amil Dasgupta, London School of Economics |
| Market Expectations and Currency Crises: Theory and Empirics |
| By Bernardo Guimaraes |
| Presented by: Bernardo Guimaraes, London School of Economics |
| Crises and Prices: Information Aggregation, Multiplicity and Volatility |
| By George-Marios Angeletos and Ivan Werning |
| Presented by: George-Marios Angeletos, Massachusetts Institute of Technology |
| Financial Crises and Interest Rates |
| By Christian Hellwig, Arijit Mukherji, Aleh Tsyvinski |
| Presented by: Christian Hellwig, University of California Los Angeles |
Session 50: Search, Market Segmentation, and Wages |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: F609 |
| Human Capital Portfolios and the Distribution of Earnings |
| By Eric Smith |
| Presented by: Eric Smith, University of Essex |
| Does Employment Protection Create Its Own Political Support? The Role of Wage Determination |
| By Bjoern Bruegemann |
| Presented by: Bjorn Brugemann, Yale University |
| On the Segmentation of Markets |
| By Nicolas L Jacquet and Serene Tan |
| Presented by: Nicolas Jacquet, University of Pennsylvania |
| Lots of Heterogeneity in a Matching Model |
| By Martin Browning, John Kennes and Aaron Schiff |
| Presented by: John Kennes, University of Copenhagen |
Session 51: Microfoundations of Wage and Price Rigidity |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: M102 Popper |
| Search, Costly Price Adjustment and the Frequency of Price Changes – Theory and Evidence |
| By Jerzy D. Konieczny and Andrzej Skrzypacz |
| Presented by: Andrzej Skrzypacz, Stanford University |
| Dynamic Screening: A Role for Up-or-Out Contracts |
| By Braz Camargo and Elena Pastorino |
| Presented by: Braz Camargo, University of Western Ontario |
| Shooting the Auctioneer |
| By Roger E. A. Farmer |
| Presented by: Roger Farmer, University of California Los Angeles |
| Private Information, Wage Bargaining and Employment Fluctuations |
| By John Kennan |
| Presented by: John Kennan, University of Wisconsin Madison |
Session 52: Game Theory |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: M201 |
| The Wisdom of the Minority |
| By Steven Callander, Johannes Horner |
| Presented by: Johannes Horner, Northwestern University |
| Unawareness |
| By Jing Li |
| Presented by: Jing Li, University of Pennsylvania |
| Revealed Preference in Game Theory |
| By Adam Galambos |
| Presented by: Adam Galambos, Northwestern University |
| Theories of Coalitional Rationality |
| By Attila Ambrus |
| Presented by: Attila Ambrus, Harvard University |
Session 53: Banking |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: M202 |
| Bank Finance versus Bond Finance: What Explains the Differences Between US and Europe? |
| By Fiorella De Fiore and Harald Uhlig |
| Presented by: Fiorella De Fiore, European Central Bank |
| Forbearance and Prompt Corrective Action |
| By Narayana Kocherlakota, Ilhyock Shim |
| Presented by: Ilhyock Shim, Bank for International Settlements` |
| Monopoly versus Competition in Banking: Some Implications for Growth and Welfare |
| By Beatrix Paal, Ke Wang and Bruce D. Smith |
| Presented by: Beatrix Paal, University of Texas Austin |
| The Welfare Cost of Bank Capital Requirements |
| By Skander Van den Heuvel |
| Presented by: Skander Van den Heuvel, University of Pennsylvania |
Session 54: Job Search and Labor Contracts |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: M103 Gellner |
| A Theory of Wage and Turnover Dynamics |
| By Lalith Munasinghe |
| Presented by: Lalith Munasinghe, Barnard College, Columbia University |
| Wage-Tenure Contracts, Experience and Employment Status |
| By Carlos Carrillo-Tudela |
| Presented by: Carlos Carrillo-Tudela, University of Essex |
| Labor Market Dynamics under Long Term Wage Contracting |
| By Leena Rudanko |
| Presented by: Leena Rudanko, University of Chicago |
| The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited |
| By Marcus Hagedorn, Iourii Manovskii |
| Presented by: Marcus Hagedorn, University of Bonn |
Session 55: Monetary Policy in Open Economies |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: F809 |
| Optimal Monetary Policy in a Small Open Economy under Segmented Asset Markets and Sticky Prices |
| By Ruy Lama and Juan Pablo Medina |
| Presented by: Ruy Lama, University of California Los Angeles |
| Real Effects of Nominal Exchange Rate Shocks |
| By Peter Benczur and Istvan Konya |
| Presented by: Peter Benczur, Magyar Nemzeti Bank |
| Inflation Differentials and Labor and Product Market Differences in the EMU |
| By Alessia Campolmi and Ester Faia |
| Presented by: Ester Faia, Universitat Pompeu Fabra |
| Optimal Fiscal and Monetary Policy in Open Economies |
| By Bernardino Adao and Isabel Correia |
| Presented by: Isabel Correia, Banco de Portugal |
Session 56: Trade and Business Cycles |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: F309 |
| Trade Intensity and International Business Cycles |
| By Timothy J. Kehoe and Kim J. Ruhl |
| Presented by: Kim Ruhl, University of Texas Austin |
| Import Protection as Export Destruction |
| By Hiroyuki Kasahara and Beverly Lapham |
| Presented by: Beverly Lapham, Queen's University |
| Trade and the Canadian Great Depression |
| By Pedro Amaral and Jim MacGee |
| Presented by: Jim MacGee, University of Western Ontario |
| Trade, Production Sharing and the International Transmission of Business Cycles |
| By Ariel Burstein, Chris Kurz and Linda Tesar |
| Presented by: Linda Tesar, University of Michigan |
Session 57: Firms, Investment, and TFP |
|---|
| Date: June 24, 2005 |
| Time: 15:45 - 17:45 |
| Location: F509 |
| Macroeconomic Implications of Size Dependent Policies |
| By Nezih Guner, Gustavo Ventura, and Xu Yi |
| Presented by: Nezih Guner, Pennsylvania State University |
| Development Accounting with Endogenous TFP |
| By Marla Ripoll and Juan Carlos Cordoba |
| Presented by: Marla Ripoll, Univesity of Pittsburgh |
| Spurious Investment Specific Technological Change |
| By Bart Hobijn and Alisdair McKay |
| Presented by: Bart Hobijn, Federal Reserve Bank of New York |
| New Evidence on Durable Goods Biased Technological Change |
| By Susanto Basu, John Fernald, Jonas Fisher, Miles Kimball |
| Presented by: John Fernald, Federal Reserve Bank of Chicago |
Session 58: Growth Perspectives |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: F309 |
| Human Capital and the Wealth of Nations |
| By Rodolfo Manuelli and Ananth Seshadri |
| Presented by: Rodolfo Manuelli, University of Wisconsin |
| Colonies |
| By Matthias Doepke and Andrea Eisfeldt |
| Presented by: Matthias Doepke, University of California Los Angeles |
| Three Equations Generating an Industrial Revolution |
| By Michele Boldrin, Larry E. Jones, and Aubhik Khan |
| Presented by: Michele Boldrin, University of Minnesota |
| A Life-Cycle Theory of Household Size: United States 1850-2000 |
| By Todd Schoellman and Michele Tertilt |
| Presented by: Michele Tertilt, Stanford University |
Session 59: Topics in International Economics |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: F409 |
| Fiscal Policy Amplified Shocks in Emerging Markets |
| By Mark Aguiar, Manuel Amador and Gita Gopinath |
| Presented by: Manuel Amador, Stanford University |
| Why Does Capital Flow to the Wrong Countries? |
| By Pierre-Olivier Gourinchas and Olivier Jeanne |
| Presented by: Pierre-Olivier Gourinchas, University of California Berkeley |
| Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin's Q |
| By Enrique G. Mendoza |
| Presented by: Enrique G. Mendoza, University of Maryland |
| Trade Costs, Pricing to Market, and International Relative Prices |
| By Andrew Atkeson and Ariel Burstein |
| Presented by: Ariel Burstein, University of California Los Angeles |
Session 60: Dynamic Models of Legislative Bargaining |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: F509 |
| A Dynamic Theory of Endogenous Constitutions |
| By Matteo Cervellati, Piergiuseppe Fortunato, Uwe Sunde |
| Presented by: Uwe Sunde, IZA |
| Bargaining over Taxation |
| By Julio Davila, Jan Eeckhout and Cesar Martinelli |
| Presented by: Jan Eeckhout, University of Pennsylvania |
| Dynamics of Westminster Parliamentarism |
| By Tasos Kalandrakis |
| Presented by: Tasos Kalandrakis, University of Rochester |
| Inefficiency in Legislative Policy-Making: A Dynamic Analysis |
| By Marco Battaglini and Stephen Coate |
| Presented by: Marco Battaglini, Princeton University |
Session 61: Empirical Analysis of Reallocation Frictions |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: Auditorium |
| A Theory of the Matching Function |
| By Robert Shimer |
| Presented by: Robert Shimer, University of Chicago |
| An Empirical Model of Growth Through Product Innovation |
| By Rasmus Lentz and Dale T. Mortensen |
| Presented by: Rasmus Lentz, Boston University |
| Career Dynamics Under Uncertainty: Estimating the Value of Firm Experimentation |
| By Elena Pastorino |
| Presented by: Elena Pastorino, University of Pennsylvania |
| Minimum Wage and Compliance in a Model of Search On-the-Job |
| By Z. Eckstein, S. Ge and B. Petrongolo |
| Presented by: Zvi Eckstein, Tel Aviv University |
Session 62: Expectations: Empirical Analysis |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: M202 |
| Learning and Bargaining in Dispute Resolution: Theory and Evidence from Medical Malpractice Litigation |
| By Yasutora Watanabe |
| Presented by: Yasutora Watanabe, University of Pennsylvania |
| The Epidemiology of Consumption |
| By Christopher Carroll, Jiri Slacalek and Martin Sommer |
| Presented by: Jiri Slacalek, German Institute for Economic Research Berlin |
| Measuring Revisions to Subjective Expectations |
| By Adeline Delavande |
| Presented by: Adeline Delavande, RAND |
| Individual Perceptions of the Criminal Justice System |
| By Lance Lochner |
| Presented by: Lance Lochner, University of Western Ontario |
Session 63: Optimal Contracting Under Moral Hazard |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: M103 Gellner |
| Contracting with Repeated Moral Hazard and Private Evaluations |
| By William Fuchs |
| Presented by: William Fuchs, Stanford Univeristy |
| Repeated Moral Hazard with Effort Persistence |
| By Arantxa Jarque |
| Presented by: Arantxa Jarque, Universidad de Alicante |
| Reputation and Capital Controls |
| By Christopher Phelan |
| Presented by: Christopher Phelan, Federal Reserve Bank of Minneapolis |
| Stochasitc Monitoring, Optimal Capital Structure and Executive Compensation |
| By Andrew Atkeson and Harold Cole |
| Presented by: Harold Cole, University of California Los Angeles |
Session 64: Social Security |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: F609 |
| Sustainable Social Security |
| By Thomas Eisensee |
| Presented by: Thomas Eisensee, Stockholm University |
| The Welfare Gains of Improving Risk Sharing in Social Security |
| By Conny Olovsson |
| Presented by: Conny Olovsson, Stockholm School of Economics |
| Immigration and the Survival of the Welfare State |
| By Francesc Ortega |
| Presented by: Francesc Ortega, Universitat Pompeu Fabra |
| Pareto-Improving Social Security Reform |
| By Douglas H. Joines |
| Presented by: Douglas Joines, University of Southern California |
Session 65: Finance and Monetary Policy |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: M201 |
| Optimal Stabilization Policies in a Model with Financial Intermediation |
| By Aleksander Berentsen and Christopher Waller |
| Presented by: Aleksander Berentsen, University of Basel |
| Monetary Policy and the Term Structure of Interest Rates |
| By Federico Ravenna and Juha Seppala |
| Presented by: Juha Seppala, University of Illinois |
| No-Arbitrage Taylor Rules |
| By Andrew Ang, Sen Dong, Monika Piazzesi |
| Presented by: Andrew Ang, Columbia Business School |
| Taylor Rules, McCallum Rules and the Term Structure of Interest Rates |
| By Michael F. Gallmeyer, Burton Hollifield, Stanley E. Zin |
| Presented by: Stanley Zin, Carnegie Mellon University |
Session 66: Business Cycles and Employment Dynamics |
|---|
| Date: June 25, 2005 |
| Time: 10:00 - 12:00 |
| Location: M102 Popper |
| Unemployment Dynamics with Staggered Nash Wage Bargaining |
| By Mark Gertler and Antonella Trigari |
| Presented by: Antonella Trigari, IGIER, Università Bocconi |
| Organizational Capital and Employment Fluctuations |
| By Thijs van Rens |
| Presented by: Thijs van Rens, Princeton University |
| Technology Shock and Employment: Do We Need Models with a Fall in Hours? |
| By Martial Dupaigne, Patrick Feve and Julien Matheron |
| Presented by: Patrick Feve, University of Toulouse |
| A Century of Work and Leisure |
| By Valerie A. Ramey and Neville Francis |
| Presented by: Valerie Ramey, University of California, San Diego |
Session 67: Theoretical and Empirical Implications of Incomplete Markets Models |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: F409 |
| Borrowing Constraints, Durables, and the Business Cycle |
| By Jesus Fernandez-Villaverde and Dirk Krueger |
| Presented by: Jesus Fernandez-Villaverde, University of Pennsylvania |
| Job Displacement Risk and the Cost of Business Cycles |
| By Tom Krebs |
| Presented by: Tom Krebs, Brown University |
| Rising Earnings Instability and Prices of Housing and Financial Assets |
| By Makoto Nakajima |
| Presented by: Makoto Nakajima, University of Illinois, Urbana-Champaign |
| U.S. Inequality: Debt Constraints or Incomplete Markets? |
| By Juan Carlos Cordoba |
| Presented by: Juan Cordoba, Rice University |
Session 68: International Trade, FDI, and Offshoring |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: F309 |
| Varieties, Terms of Trade and Growth |
| By Christian Broda and David Weinstein |
| Presented by: Christian Broda, Federal Reserve Bank of New York |
| An Anatomy of International Trade: Evidence from French Firms |
| By Jonathan Eaton, Samuel Kortum, and Francis Kramarz |
| Presented by: Samuel Kortum, University of Minnesota |
| An Assignment Theory of Foreign Direct Investment |
| By Volker Nocke and Stephen Yeaple |
| Presented by: Volker Nocke, University of Pennsylvania |
| Offshoring in a Knowledge Economy |
| By Pol Antras, Luis Garicano and Esteban Rossi-Hansberg |
| Presented by: Esteban Rossi-Hansberg, Stanford University |
Session 69: Empirical IO 1: Spatial Allocation of Firms |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: M201 |
| The Dynamics of Retail Oligopolies |
| By Beresteanu Arie and Paul Ellickson |
| Presented by: Arie Beresteanu, Duke University |
| Coordination Games, Multiple Equilibria and the Timing of Radio Commercials |
| By Andrew Sweeting |
| Presented by: Andrew Sweeting, Northwestern University |
| Stochastic Dynamic Programming in Space: An Application to British Columbia Forestry |
| By Harry J. Paarsch and John Rust |
| Presented by: Harry Paarsch, University of Iowa |
| Competition in Large Markets |
| By Jeffrey R. Campbell |
| Presented by: Jeffrey Campbell, Federal Reserve Bank of Chicago |
Session 70: Information and Asset Pricing |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: M102 Popper |
| A Search-Based Theory of the On-the-Run Phenomenon |
| By Dimitri Vayanos and Pierre-Olivier Weill |
| Presented by: Pierre-Olivier Weill, New York University |
| Consumption Dynamics, Asset Pricing, and Welfare Effects under Information Processing Constraints |
| By Yulei Luo |
| Presented by: Yulei Luo, Princeton University |
| Information Acquisition and Portfolio Underdiversification |
| By Stijn Van Nieuwerburgh and Laura Veldkamp |
| Presented by: Stijn Van Nieuwerburgh, New York University |
| A Quantitative Model of Competitive Asset Pricing Under Private Information |
| By Juan Carlos Hatchondo, Per Krusell, and Martin Schneider |
| Presented by: Per Krusell, University of Rochester |
Session 71: Matching and Dynamic Contracts |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: M103 Gellner |
| Social Preferences, Skill Segregation, and Wage Dynamics |
| By Antonio Cabrales, Antoni Calvo-Armengol, Nicola Pavoni |
| Presented by: Nicola Pavoni, University College of London |
| Wage Distribution with a Two-Sided Job Auction |
| By Marja-Liisa Halko, Klaus Kultti, Juha Virrankoski |
| Presented by: Juha Virrankoski, University of Helsinki |
| Termination of Dynamic Contracts in an Equilibrium Labor Market Model |
| By Cheng Wang |
| Presented by: Cheng Wang, Iowa State University |
| Surplus Sharing and Pricing in Matching Markets |
| By George Mailath, Andrew Postlewaite, Larry Samuelson |
| Presented by: Andrew Postlewaite, University of Pennsylvania |
Session 72: Empirical Studies of Consumption Behavior |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: F809 |
| Aggregate Shocks, Idiosyncratic Risk, and Durable Goods Purchases: Evidence from Turkeys 1994 Financial Crisis |
| By Burcu Duygan |
| Presented by: Burcu Duygan, European University Institute |
| Adjustment to a Large Shock - Do Households Smooth Low Frequency Consumption? |
| By Nicola Fuchs-Schuendeln |
| Presented by: Nicola Fuchs-Schuendeln, Harvard University |
| Temptation and Self-Control: Some Evidence from the Consumer Expenditure Survey |
| By Kevin X.D. Huang, Zheng Liu, Qi Zhu |
| Presented by: Kevin Huang, Federal Reserve Bank of Philadelphia |
| Risk Sharing |
| By Martin Gervais, Paul Klein |
| Presented by: Martin Gervais, University of Western Ontario |
Session 73: Growth |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: F609 |
| The Stock Market and the Allocation of Capital in a Production Economy |
| By Joel Peress |
| Presented by: Joel Peress, INSEAD |
| Intermediation Costs, Investor Protection, and Economic Development |
| By António Antunes, Tiago V. de V. Cavalcanti and Anne P. Villamil |
| Presented by: Tiago Cavalcanti, Universidade Nova de Lisboa |
| Technological Diversification |
| By Miklos Koren and Silvana Tenreyro |
| Presented by: Miklos Koren, Harvard University, Hungarian Academy of Sciences |
| Corporata Taxes, Growth and Welfare in a Schumpeterian Economy |
| By Pietro F. Peretto |
| Presented by: Pietro Peretto, Duke University |
Session 74: Optimal Fiscal and Monetary Policy |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: Auditorium |
| On the Privatization of Public Debt |
| By Marco Del Negro, Fabrizio Perri, Fabiano Schivardi |
| Presented by: Fabiano Schivardi, Bank of Italy |
| The Benefits of Low Inflation: Financial Development within an Endogenous Growth Economy |
| By Max Gillman, Mark Harris, Michal Kejak |
| Presented by: Max Gillman, Central European University |
| Benefits from U.S. Monetary Policy Experimentation in the Days of Samuelson |
| By Timothy Cogley, Riccardo Colacito, Thomas Sargent |
| Presented by: Thomas Sargent, New York University |
| Endogenous Money, Inflation and Welfare |
| By Espen Henriksen and Finn Kydland |
| Presented by: Espen Henriksen, GSIA, CMU |
Session 75: Impulse and Propagation Mechanisms |
|---|
| Date: June 25, 2005 |
| Time: 13:15 - 15:15 |
| Location: F509 |
| Learning-by-Doing or Habit Formation? |
| By Hafedh Bouakez and Takashi Kano |
| Presented by: Hafedh Bouakez, HEC Montreal |
| Stabilization versus Insurance: Welfare Effects of Procyclical Taxation Under Incomplete Markets |
| By James Costain, Michael Reiter |
| Presented by: James Costain, Universidad Carlos III de Madrid |
| Ambiguity and the Welfare Costs of Aggregate Fluctuations |
| By Irasema Alonso and Jose Mauricio Prado Jr. |
| Presented by: Irasema Alonso, University of Rochester |
| The Granular Origins of Aggregate Fluctuations |
| By Xavier Gabaix |
| Presented by: Xavier Gabaix, Massachusetts Institute of Technology |
Session 76: Perspectives on Sovereign Debt and Default |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: F409 |
| Haircuts |
| By Federico Sturzenegger and Jeromin Zettelmeyer |
| Presented by: Jeromin Zettelmeyer, International Monetary Fund |
| Sovereign Defaults: Information, Investment and Credit |
| By Guido M. Sandleris |
| Presented by: Guido Sandleris, Columbia University |
| A Theory of Debt Overhang and Buyback |
| By Natalia Kovrijnykh and Balazs Szentes |
| Presented by: Balazs Szentes, Boston University |
| Guano Happens: Two Centuries of Sovereign Debt and Default |
| By Mike Tomz and Mark Wright |
| Presented by: Mark Wright, Stanford University |
Session 77: Empirical Research in Labor Economics |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: F309 |
| The Public Pay Gap in Britain: Small Differences that (Don't?) Matter |
| By Fabien Postel-Vinay and Helene Turon |
| Presented by: Fabien Postel-Vinay, CREST-INSEE |
| More Results on the Use of Record Statistics in Job Search Models |
| By Gadi Barlevy |
| Presented by: Gadi Barlevy, Federal Reserve Bank of Chicago |
| Career Progression and Formal versus On the Job Training |
| By J. Adda, C. Dustmann, C. Meghir, J.-M. Robin |
| Presented by: Jean-Marc Robin, University Paris 1 |
| How Large are Search Frictions |
| By Pieter Gautier & Coen Teulings |
| Presented by: C.N. Teulings, University of Amsterdam |
Session 78: Monetary Economies with Segmented Markets |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: M202 |
| Sticky Demand or Sticky Prices? |
| By Chris Edmond |
| Presented by: Chris Edmond, New York University |
| Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand |
| By Jonathan Chiu |
| Presented by: Jonathan Chiu, University of Western Ontario |
| Inflation and Interest Rates with Endogenous Market Segmentation |
| By Aubhik Khan and Julia K. Thomas |
| Presented by: Julia Thomas, University of Minnesota |
| A Likelihood-Based Evaluation of the Segmented Markets Friction in Equilibrium Monetary Models |
| By John Landon-Lane and Filippo Occhino |
| Presented by: Filippo Occhino, Rutgers University |
Session 79: Matching: Theory and Empirics |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: M201 |
| Semiparametric Estimation of Two-Sided Matching Models with Endogenous Prices |
| By Jeremy T. Fox |
| Presented by: Jeremy Fox, University of Chicago |
| Credible Group Stability in Multi-Partner Matching Problems |
| By Hideo Konishi and Utku Unver |
| Presented by: Utku Unver, Koc University |
| Assortative Matching with Explicit Search Costs |
| By Alp Atakan |
| Presented by: Alp Atakan, Northwestern University |
| A Theory of Stability in Many-to-Many Matching Markets |
| By Federico Echenique and Jorge Oviedo |
| Presented by: Federico Echenique, |
Session 80: Computational Dynamic General Equilibrium |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: M102 Popper |
| Optimal Policy Under Sticky Prices: How to Get Accurate Solutions |
| By Michael Reiter |
| Presented by: Michael Reiter, Universitat Pompeu Fabra |
| Two-Fund Separation in Dynamic General Equilibrium |
| By Karl Schmedders |
| Presented by: Karl Schmedders, Kellogg School of Management |
| Approximate Generalizations in Applied Equilibrium Analysis |
| By Felix Kubler |
| Presented by: Felix Kubler, University of Mannheim |
| Numerical Solution of Dynamic Non-Optimal Economies |
| By Jianjun Miao and Manuel Santos |
| Presented by: Jianjun Miao, Boston University |
Session 81: Asset Pricing 2 |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: M103 Gellner |
| Was There a Nasdaq Bubble in the Late 1990s? |
| By Lubos Pastor and Pietro Veronesi |
| Presented by: Lubos Pastor, University of Chicago |
| Asset Prices and Asset Correlations in Illiquid Markets |
| By Celso Brunetti and Alessio Caldarera |
| Presented by: Celso Brunetti, Johns Hopkins University |
| Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium |
| By Martin Lettau and Jessica Wachter |
| Presented by: Jessica Wachter, University of Pennsylvania |
| Human Capital Risk, Stockholder Consumption, and Asset Returns |
| By Christopher Malloy, Tobias Moskowitz, Annette Vissing-Jorgensen |
| Presented by: Christopher Malloy, London Business School |
Session 82: Life Cycle Decisions and Altruism |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: F809 |
| Subjective Morality Risks and Bequests |
| By Li Gan, Guan Gong, Michael Hurd, Daniel McFadden |
| Presented by: Guan Gong, University of Texas Austin |
| Explaining Life-Cycle Asset Allocation : The Role of Bequests and Under-Diversification |
| By Claudio Campanale, Fatih Guvenen |
| Presented by: Claudio Campanale, University of Alicante |
| Elimination of Social Security in a Dynastic Framework |
| By Aise Imrohoroglu and Selahattin Imrohoroglu |
| Presented by: Selahattin Imrohoroglu, University of Southern California |
| The Effects of Longevity and Distortions on Education and Retirement. |
| By Pedro Cavalcanti Ferreira and Samuel de Abreu Pessoa |
| Presented by: Pedro Ferreira, Getulio Vargas |
Session 83: Trade, Institutions, and Growth |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: F609 |
| Globalization and Democracy, 1870-2000 |
| By Jose Ernesto Lopez Cordova and Christopher M. Meissner |
| Presented by: Christopher Meissner, University of Cambridge |
| An unbalanced growth path for the global economy |
| By Cristina Echevarria and Christopher Hajzler |
| Presented by: Cristina Echevarria, University of Saskatchewan |
| Institutions: Why are They Persistent and Why Do They Change? |
| By Bryan Paterson |
| Presented by: Bryan Paterson, Queen's University |
| On the Joint Dynamics of Inequality and Growth |
| By Fernando Jaramillo, Hubert Kempf, Fabien Moizeau |
| Presented by: Hubert Kempf, |
Session 84: Time Consistency of Monetary and Fiscal Policy |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: F509 |
| Default Risk, the Real Exchange Rate and Income Fluctuations in Emerging Economies |
| By Cristina Arellano |
| Presented by: Cristina Arellano, University of Minnesota |
| Optimal Fiscal Policy and the (Lack of) Time Inconsistency Problem |
| By Marina Azzimonti, Pierre-Daniel Sarte and Jorge Soares |
| Presented by: Marina Azzimonti Renzo, University of Iowa |
| Time Consistent Fiscal Policy and Heterogeneous Agents |
| By Roc Armenter |
| Presented by: Roc Armenter, Federal Reserve Bank of New York |
| Tax Riots |
| By Marco Bassetto and Christopher Phelan |
| Presented by: Marco Bassetto, University of Minnesota |
Session 85: On the Determinants of Business Cycles |
|---|
| Date: June 25, 2005 |
| Time: 15:45 - 17:45 |
| Location: Auditorium |
| Stock Prices, Total Factor Productivity and Economic Fluctuations; Some Further Evidence from Japanese and U.S. Sectoral Data |
| By Paul Beaudry & Franck Portier |
| Presented by: Franck Portier, Universite de Toulouse |
| The European Unemployment Experience: Theoretical Robustness |
| By Lars Ljungqvist and Thomas J. Sargent |
| Presented by: Lars Ljungqvist, Stockholm School of Economics |
| Growth Expectations and Business Cycles |
| By Wouter J. Denhaan, Georg Kaltenbrunner |
| Presented by: Wouter Denhaan, London School of Economics |
| Why have business cycle fluctuations become less volatile? |
| By Andres Arias, Gary Hansen and Lee Ohanian |
| Presented by: Gary Hansen, UCLA |