2007 Meeting of the Society for Economic Dynamics |
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Summary of All Sessions |
| # | Date/Time | Location | Type | Title | Papers |
|---|---|---|---|---|---|
| 1 | June 28, 2007 10:00-12:00 | S9 Room 119 | invited | Political Economy I | 4 |
| 2 | June 28, 2007 10:00-12:00 | S5 Room 219 | contributed | Markets and Mechanisms | 4 |
| 3 | June 28, 2007 10:00-12:00 | S4 Room 317 | contributed | Government Debt and Interest Rates | 4 |
| 4 | June 28, 2007 10:00-12:00 | S6 Room 218 | contributed | Labor Market Policies | 4 |
| 5 | June 28, 2007 10:00-12:00 | S10 Room 118 | contributed | Social Security and Intermediation | 4 |
| 6 | June 28, 2007 10:00-12:00 | S11 Room 117 | invited | Neuroeconomics and Networks | 4 |
| 7 | June 28, 2007 10:00-12:00 | S8 Room 123 | invited | Frictional Financial Markets | 4 |
| 8 | June 28, 2007 10:00-12:00 | S3 Room 319 | invited | Empirical Industrial Organization I | 4 |
| 9 | June 28, 2007 10:00-12:00 | S7 Room 217 | invited | Establishment Dynamics and International Trade | 4 |
| 10 | June 28, 2007 10:00-12:00 | S12 Room 109 | contributed | Bayesian Methods in Macroeconomics | 4 |
| 11 | June 28, 2007 13:15-15:15 | S3 Room 319 | contributed | Hiring and Separation | 4 |
| 12 | June 28, 2007 13:15-15:15 | S6 Room 218 | contributed | Optimal Dynamic Policies | 3 |
| 13 | June 28, 2007 13:15-15:15 | S9 Room 119 | invited | Household Intertemporal Decisions | 4 |
| 14 | June 28, 2007 13:15-15:15 | S4 Room 317 | contributed | International Trade I | 4 |
| 15 | June 28, 2007 13:15-15:15 | S8 Room 123 | contributed | Cyclical Properties of Labor Markets | 4 |
| 16 | June 28, 2007 13:15-15:15 | S5 Room 219 | contributed | Dynamic Models of Political Economy | 3 |
| 17 | June 28, 2007 13:15-15:15 | S12 Room 109 | contributed | Long Run Growth | 4 |
| 18 | June 28, 2007 13:15-15:15 | S11 Room 117 | contributed | Money and Liquidity | 4 |
| 19 | June 28, 2007 13:15-15:15 | S7 Room 217 | contributed | Empirical Models with Micro Data | 3 |
| 20 | June 28, 2007 13:15-15:15 | S10 Room 118 | contributed | Nonexpected Utility and Asset Pricing | 4 |
| 21 | June 28, 2007 15:45-17:45 | S9 Room 119 | invited | The Great Moderation: Changes in Aggregate Volatility | 4 |
| 22 | June 28, 2007 15:45-17:45 | S7 Room 217 | invited | Capital Flows I | 4 |
| 23 | June 28, 2007 15:45-17:45 | S11 Room 117 | invited | Misallocation and Aggregate Productivity | 4 |
| 24 | June 28, 2007 15:45-17:45 | S6 Room 218 | contributed | Information Heterogeneity | 4 |
| 25 | June 28, 2007 15:45-17:45 | S8 Room 123 | invited | Mechanism Design, Money, and Banking | 4 |
| 26 | June 28, 2007 15:45-17:45 | S4 Room 317 | contributed | Optimal Monetary Policy | 4 |
| 27 | June 28, 2007 15:45-17:45 | S12 Room 109 | contributed | Consumer Credit | 4 |
| 28 | June 28, 2007 15:45-17:45 | S3 Room 319 | invited | Unemployment | 4 |
| 29 | June 28, 2007 15:45-17:45 | S5 Room 219 | contributed | Asset Pricing and the Macroeconomy | 4 |
| 30 | June 28, 2007 15:45-17:45 | S10 Room 118 | invited | Recent Advances in Repeated Games | 4 |
| 31 | June 28, 2007 18:00-19:30 | Aula | invited | Plenary Session 1 | 1 |
| 32 | June 29, 2007 10:00-12:00 | S6 Room 218 | contributed | Empirical Macroeconomics | 4 |
| 33 | June 29, 2007 10:00-12:00 | S9 Room 119 | contributed | International Trade II | 4 |
| 34 | June 29, 2007 10:00-12:00 | S7 Room 217 | contributed | Investment, Volatility and Asset Pricing | 4 |
| 35 | June 29, 2007 10:00-12:00 | S5 Room 219 | contributed | Labor Search and Matching | 4 |
| 36 | June 29, 2007 10:00-12:00 | S11 Room 117 | contributed | Incentives in a Multiperiod Environment | 4 |
| 37 | June 29, 2007 10:00-12:00 | S4 Room 317 | invited | Price Rigidities | 4 |
| 38 | June 29, 2007 10:00-12:00 | S3 Room 319 | invited | Productivity and Economic Development | 4 |
| 39 | June 29, 2007 10:00-12:00 | S10 Room 118 | contributed | Taxation and Political Economy | 4 |
| 40 | June 29, 2007 10:00-12:00 | S12 Room 109 | contributed | Education | 4 |
| 41 | June 29, 2007 10:00-12:00 | S8 Room 123 | invited | Understanding Business Cycles Past and Present | 4 |
| 42 | June 29, 2007 13:15-15:15 | S12 Room 109 | contributed | Learning in Macroeconomics | 4 |
| 43 | June 29, 2007 13:15-15:15 | S10 Room 118 | invited | Political Economy II | 4 |
| 44 | June 29, 2007 13:15-15:15 | S9 Room 119 | contributed | Monetary Theory | 4 |
| 45 | June 29, 2007 13:15-15:15 | S8 Room 123 | contributed | Growth and Liquidity | 4 |
| 46 | June 29, 2007 13:15-15:15 | S11 Room 117 | contributed | Labor Markets: Mobility, Productivity, Inequality | 4 |
| 47 | June 29, 2007 13:15-15:15 | S3 Room 319 | contributed | Empirical Industrial Organization II | 4 |
| 48 | June 29, 2007 13:15-15:15 | S6 Room 218 | contributed | Matching and Bargaining | 4 |
| 49 | June 29, 2007 13:15-15:15 | S7 Room 217 | contributed | Commercial Policy, Trade and Welfare | 4 |
| 50 | June 29, 2007 13:15-15:15 | S5 Room 219 | invited | Sovereign Debt and Portfolio Flows | 4 |
| 51 | June 29, 2007 13:15-15:15 | S4 Room 317 | contributed | Optimal Employment Contracts with Frictions | 4 |
| 52 | June 29, 2007 15:45-17:45 | S6 Room 218 | invited | Dynamic Fiscal Policies | 4 |
| 53 | June 29, 2007 15:45-17:45 | S11 Room 117 | invited | Capital Flows II | 4 |
| 54 | June 29, 2007 15:45-17:45 | S3 Room 319 | contributed | Search Frictions in Labor and Product Markets | 4 |
| 55 | June 29, 2007 15:45-17:45 | S8 Room 123 | contributed | Household Income Risk | 4 |
| 56 | June 29, 2007 15:45-17:45 | S9 Room 119 | invited | CNB Session: Macroeconomic Policy and Inflation Targeting | 4 |
| 57 | June 29, 2007 15:45-17:45 | S10 Room 118 | invited | Auctions, Search, and Matching | 4 |
| 58 | June 29, 2007 15:45-17:45 | S4 Room 317 | contributed | Scale and the Macroeconomy | 3 |
| 59 | June 29, 2007 15:45-17:45 | S7 Room 217 | contributed | Innovation and Growth | 4 |
| 60 | June 29, 2007 15:45-17:45 | S12 Room 109 | contributed | Credit Market Imperfections | 4 |
| 61 | June 29, 2007 15:45-17:45 | S5 Room 219 | contributed | Housing | 4 |
| 62 | June 29, 2007 18:00-19:30 | Aula | invited | Plenary Session 2 | 1 |
| 63 | June 30, 2007 10:00-12:00 | S4 Room 317 | contributed | Productivity | 4 |
| 64 | June 30, 2007 10:00-12:00 | S5 Room 219 | contributed | The Economics of Networks | 4 |
| 65 | June 30, 2007 10:00-12:00 | S12 Room 109 | contributed | Business Cycles | 4 |
| 66 | June 30, 2007 10:00-12:00 | S8 Room 123 | contributed | Human Capital and Wage Dynamics | 3 |
| 67 | June 30, 2007 10:00-12:00 | S6 Room 218 | invited | Inflation | 4 |
| 68 | June 30, 2007 10:00-12:00 | S9 Room 119 | invited | Long-run Risks and the Macroeconomy | 4 |
| 69 | June 30, 2007 10:00-12:00 | S7 Room 217 | invited | Real Effects of Financial Crises | 4 |
| 70 | June 30, 2007 10:00-12:00 | S11 Room 117 | contributed | Normative Studies of Government Policy | 4 |
| 71 | June 30, 2007 10:00-12:00 | S10 Room 118 | contributed | Applied Theory | 4 |
| 72 | June 30, 2007 10:00-12:00 | S3 Room 319 | contributed | Taxes and Tax Reform | 4 |
| 73 | June 30, 2007 13:15-15:15 | S7 Room 217 | contributed | Capital Flows III | 4 |
| 74 | June 30, 2007 13:15-15:15 | S3 Room 319 | invited | Price Competition | 4 |
| 75 | June 30, 2007 13:15-15:15 | S10 Room 118 | contributed | Bankruptcy, Collateral, and Default | 4 |
| 76 | June 30, 2007 13:15-15:15 | S9 Room 119 | invited | Economics of Energy and Non-renewable Resources, Supported by CEZ | 4 |
| 77 | June 30, 2007 13:15-15:15 | S5 Room 219 | contributed | Risk Sharing | 4 |
| 78 | June 30, 2007 13:15-15:15 | S4 Room 317 | contributed | The Labor Supply of Women and Wage Inequality | 4 |
| 79 | June 30, 2007 13:15-15:15 | S11 Room 117 | contributed | Bubbles and Expectations | 4 |
| 80 | June 30, 2007 13:15-15:15 | S12 Room 109 | contributed | Monetary Policy | 4 |
| 81 | June 30, 2007 13:15-15:15 | S6 Room 218 | contributed | Investment | 4 |
| 82 | June 30, 2007 13:15-15:15 | S8 Room 123 | invited | Dynamic Contracts | 4 |
| 83 | June 30, 2007 15:45-17:45 | S3 Room 319 | invited | The Dynamics of Beliefs: Theory and Applications | 2 |
| 84 | June 30, 2007 15:45-17:45 | S6 Room 218 | contributed | Empirical Monetary Economics | 4 |
| 85 | June 30, 2007 15:45-17:45 | S9 Room 119 | contributed | Labor Search | 3 |
| 86 | June 30, 2007 15:45-17:45 | S4 Room 317 | contributed | Life Cycle | 4 |
| 87 | June 30, 2007 15:45-17:45 | S5 Room 219 | contributed | Prices and Pricing | 4 |
| 88 | June 30, 2007 15:45-17:45 | S10 Room 118 | contributed | Liquidity and Financial Frictions | 4 |
| 89 | June 30, 2007 15:45-17:45 | S8 Room 123 | contributed | Firm Financing | 4 |
| 90 | June 30, 2007 15:45-17:45 | S11 Room 117 | contributed | Great Depressions | 4 |
| 91 | June 30, 2007 15:45-17:45 | S7 Room 217 | contributed | International Dimensions of Fiscal and Monetary Policy | 4 |
| 92 | June 30, 2007 15:45-17:45 | S12 Room 109 | contributed | Growth and Development | 4 |
| 93 | June 30, 2007 18:00-19:30 | Aula | invited | Plenary Session 3 | 1 |
93 sessions, 355 papers |
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2007 Meeting of the Society for Economic Dynamics |
Complete List of All Sessions |
Session 1: Political Economy I |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S9 Room 119 |
|   |
| The Farm, The City, and the Emergence of Social Security |
| JEL codes: H55, H3, D72 |
| Presented by: Thomas Cooley, New York University |
|   |
| Sustaining Social Security |
| Presented by: Dirk Niepelt, Study Center Gerzensee and |
|   |
| On the theory of ethnic conflict |
| Presented by: Francesco Caselli, London School of Economics |
|   |
| Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt |
| Presented by: Fabrizio Zilibotti, |
Session 2: Markets and Mechanisms |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S5 Room 219 |
|   |
| Anonymity and Individual Risk |
| Presented by: Pamela Labadie, George Washington University |
|   |
| The Macroeconomic Dynamics of Labor and Capital Market Imperfections |
| Presented by: Nicolas Petrosky-Nadeau, Universite du Quebec a Montreal |
|   |
| Intertemporal Distortions and Second Best Theory |
| Presented by: Roc Armenter, Federal Reserve Bank of New York |
|   |
| Optimal Dynamic Contests |
| Presented by: Giuseppe Moscarini, Yale University |
Session 3: Government Debt and Interest Rates |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S4 Room 317 |
|   |
| Bond Supply, Expectations, and the Yield Curve |
| Presented by: Monika Piazzesi, University of Chicago |
|   |
| Fiscal Policy, Asset Pricing and Economic Activity in a Savers-Spenders Economy |
| Presented by: Francisco Gomes, London Business School |
|   |
| Incomplete markets and the yield curve |
| Presented by: François Le Grand, PSE |
|   |
| Monetary Policy, Expected Inflation, and Inflation Risk Premium |
| Presented by: Juha Seppala, University of Illinois |
Session 4: Labor Market Policies |
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| Session type: contributed |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S6 Room 218 |
|   |
| Employment protection, firm selection, and growth |
| JEL codes: E24,J65,L16,O40 |
| Presented by: Markus Poschke, European University Institute, Florence |
|   |
| Unemployment Benefits vs. Unemployment Accounts: A Quantitative Exploration |
| Presented by: Christian Zimmermann, University of Connecticut |
|   |
| Optimal Unemployment Insurance with Hidden Trade |
| Presented by: Yuzhe Zhang, University of Iowa |
|   |
| On-the-Job Search, Minimum Wages, and Labor Market Outcomes in an Equilibrium Bargaining Framework |
| Presented by: Christopher Flinn, New York University |
Session 5: Social Security and Intermediation |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S10 Room 118 |
|   |
| Social Security and Two-Earner Households |
| Presented by: remzi kaygusuz, the pennsylvania state university |
|   |
| Millian efficiency with endogenous fertility |
| Presented by: Mikel Pérez-Nievas, Universidade de Santiago de Compostela |
|   |
| Social Security and RIsk Sharing |
| Presented by: piero gottardi, University of Venice |
|   |
| On the Welfare and Distributional Implications of Intermediation Costs |
| Presented by: António Antunes, Banco de Portugal |
Session 6: Neuroeconomics and Networks |
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| Session type: invited |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S11 Room 117 |
|   |
| Risk-sharing agreements on social networks |
| JEL codes: C72, C78 |
| Presented by: Attila Ambrus, Harvard University |
|   |
| Combining brain and behavioral data to improve econometric policy analysis |
| Presented by: Daniel Houser, George Mason University |
|   |
| Markowitz in the brain - neural representations of expected reward and risk during gambling. |
| Presented by: Kerstin Preuschoff, California Institute of Technology |
|   |
| Choice, Social Norms and Intelligence |
| Presented by: Aldo Rustichini, University of Minnesota |
Session 7: Frictional Financial Markets |
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| Session Chair: Chris Edmond, New York University |
| Session type: invited |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S8 Room 123 |
|   |
| Crashes and Recoveries in Illiquid Markets |
| Presented by: Ricardo Lagos, New York University |
|   |
| Over the Counter Search Frictions: A Case Study of the Federal Funds Market |
| Presented by: Adam Ashcraft, Federal Reserve Bank of New York |
|   |
| Emerging Economies and Fund Managers |
| Presented by: Peter Kondor, University of Chicago |
|   |
| Asset Prices and the Composition of Consumption |
| Presented by: Chris Edmond, New York University |
Session 8: Empirical Industrial Organization I |
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| Session type: invited |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S3 Room 319 |
|   |
| Set-Asides and Subsidies in Auctions |
| JEL codes: D44, H57, L53 |
| Presented by: Susan Athey, Harvard University |
|   |
| Testing for Common Valuation in Treasury Bills Auctions |
| Presented by: Jakub Kastl, Stanford University |
|   |
| The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com |
| Presented by: Aviv Nevo, Northwestern University |
|   |
| Liquidity Constraints and Their Causes: Evidence from Subprime Lending |
| Presented by: Liran Einav, Stanford University |
Session 9: Establishment Dynamics and International Trade |
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| Session type: invited |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S7 Room 217 |
|   |
| Measuring export entry costs |
| Presented by: Kim Ruhl, University of Texas Austin |
|   |
| Multi-product Firms and Trade Liberalization |
| Presented by: Stephen Redding, London School of Economics |
|   |
| The Long and Short (of) Quality Ladders |
| Presented by: Amit Khandelwal, public |
|   |
| Changes in U.S. Exporter Participation and Trade Costs |
| Presented by: George Alessandria, Federal Reserve Bank of Philadelphia |
Session 10: Bayesian Methods in Macroeconomics |
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| Session type: contributed |
| Date: June 28, 2007 |
| Time: 10:00 - 12:00 |
| Location: S12 Room 109 |
|   |
| Measuring Monetary Policy: A Bayesian FAVAR Approach with Agnostic Identification |
| JEL codes: C11; |
| Presented by: Pooyan Amir Ahmadi, Humboldt University |
|   |
| Macroeconomic Volatility and Monetary Policy Regimes |
| Presented by: Zheng Liu, Emory University |
|   |
| Learning dynamics in an estimated medium-sized DSGE model |
| Presented by: Sergey Slobodyan, CERGE-EI |
|   |
| Forming Priors for DSGE Models (and How It Affects the Assessment of Nominal Rigidities) |
| Presented by: Marco Del Negro, FRB Atlanta-Research |
Session 11: Hiring and Separation |
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| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S3 Room 319 |
|   |
| Job Security Does Affect Economic Efficiency, Theory, A New Statistic, and Evidence from Chile |
| Presented by: Amil Petrin, University of Chicago |
|   |
| Labor-Market Implications of Contracts under Moral Hazard |
| Presented by: kangwoo Park, Seoul National University |
|   |
| job creation and job destruction over the life cycle |
| Presented by: Arnaud Chéron, GAINS |
|   |
| Hiring, separation, and real downward wage rigidity in European economies |
| Presented by: James Costain, Bank of Spain |
Session 12: Optimal Dynamic Policies |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S6 Room 218 |
|   |
| Optimal unemployment insurance in a life cycle model |
| JEL codes: C61, J64, J65 |
| Presented by: françois langot, cepremap |
|   |
| Dynamic Optimal Insurance and Lack of Commitment |
| Presented by: Fernando Martin, Simon Fraser University |
|   |
| Optimal Dynamic Taxation of Households: Insurance, Incentives and Commitment |
| Presented by: Stefania Albanesi, Columbia |
Session 13: Household Intertemporal Decisions |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S9 Room 119 |
|   |
| Why do Household Portfolio Shares Rise in Wealth? |
| Presented by: Jessica Wachter, The Wharton School |
|   |
| Disability shocks and consumption behavior |
| Presented by: Luigi Pistaferri, Stanford University |
|   |
| Cyclical Skill-Biased Technological Change |
| Presented by: Thijs van Rens, CREI and Universitat Pompeu Fabra |
|   |
| Consumption and Labor Supply with Partial Insurance: An Analytical Framework |
| Presented by: Giovanni Luca Violante, New York University |
Session 14: International Trade I |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S4 Room 317 |
|   |
| Liquidity Constrained Exporters |
| Presented by: Thomas Chaney, The University of Chicago |
|   |
| The Return to Multinational Production and "Global Imbalances" |
| Presented by: Veronica Rappoport, Columbia Business School |
|   |
| On Globalization and the Growth of Governments |
| Presented by: Gino Gancia, CREI and UPF |
|   |
| Passthrough at the Dock: Pricing to Currency and to Market? |
| Presented by: Gita Gopinath, Harvard |
Session 15: Cyclical Properties of Labor Markets |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S8 Room 123 |
|   |
| An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining |
| Presented by: Antonella Trigari, IGIER, Università Bocconi |
|   |
| Idiosyncratic and Aggregate Risk in a Frictional Labor Market |
| Presented by: Leena Rudanko, University of Chicago |
|   |
| Uninsurable Individual Risk and the Cyclical Behavior of Unemployment and Vacancies |
| Presented by: Pedro Silos, Federal Reserve Bank of Atlanta |
|   |
| U.S. LABOR MARKET DYNAMICS AND THE BUSINESS CYCLE |
| Presented by: Eran Yashiv, Tel Aviv University |
Session 16: Dynamic Models of Political Economy |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S5 Room 219 |
|   |
| On policy interactions among nations: when do cooperation and commitment matter ? |
| JEL codes: E52, E63 |
| Presented by: Leopold von Thadden, European Central Bank |
|   |
| Political Disagreement, Lack of Commitment and the Level of Debt |
| Presented by: Davide Debortoli, Universitat Pompeu Fabra |
|   |
| A Dynamic Theory of Public Spending, Taxation and Debt |
| Presented by: Marco Battaglini, Princeton University |
Session 17: Long Run Growth |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S12 Room 109 |
|   |
| The Role of Land Along the Development Path |
| JEL codes: O10, O40 |
| Presented by: Fidel Perez Sebastian, University of Alicante |
|   |
| Private Incentives versus Class Interests: Implications for Growth |
| Presented by: Ani Guerdjikova, Cornell University |
|   |
| Modernization of Agriculture and Long Term Growth |
| Presented by: Xiaodong Zhu, University of Toronto |
|   |
| Growth and Structural Transformation |
| Presented by: Akos Valentinyi, University of Southampton |
Session 18: Money and Liquidity |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S11 Room 117 |
|   |
| Money and nominal bonds |
| JEL codes: E40, H20, H63 |
| Presented by: pietro senesi, Università di Napoli |
|   |
| Quantitative Implications of Indexed Bonds in Small Open Economies |
| Presented by: Ceyhun Bora Durdu, Congressional Budget Office |
|   |
| Optimal Monetary and Fiscal Policies in a Search Theoretic Model of Monetary Exchange |
| Presented by: Adrian Peralta-Alva, University of Miami |
|   |
| "Household Need for Liquidity and the Credit Card Debt Puzzle" |
| Presented by: Irina Telyukova, University of California San Diego |
Session 19: Empirical Models with Micro Data |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S7 Room 217 |
|   |
| Identifying Adjustment Costs of Net and Gross Employment Changes |
| JEL codes: C33 c41 e24 j23 |
| Presented by: Joao Ejarque, University of Essex |
|   |
| Hard Drugs Addiction, Drug Violations and Property Crimes in the US |
| Presented by: Marco Cozzi, University College London |
|   |
| The Informal Sector |
| Presented by: Aureo De Paula, University of Pennsylvania |
Session 20: Nonexpected Utility and Asset Pricing |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 13:15 - 15:15 |
| Location: S10 Room 118 |
|   |
| Recursive Risk Sharing: Microfoundations for Representative-Agent Asset Pricing |
| Presented by: Bryan Routledge, Carnegie Mellon University |
|   |
| Ambiguity Aversion and the Welfare Costs of Business Cycles |
| Presented by: Irasema Alonso, Yale University |
|   |
| Asset Pricing in a General Equilibrium Production Economy with Chew-Dekel Risk Preferences |
| Presented by: Gian Luca Clementi, Stern School of Business |
|   |
| An Estimation of Economic Models with Recursive Preferences |
| Presented by: Sydney Ludvigson, New York University |
Session 21: The Great Moderation: Changes in Aggregate Volatility |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S9 Room 119 |
|   |
| The "great moderation'' and the US external imbalance |
| Presented by: Fabrizio Perri, New York University |
|   |
| Financial Innovations and Macroeconomic Volatility |
| Presented by: Vincenzo Quadrini, USC |
|   |
| Macroeconomic Volatility, Learning, and the Term Structure of Interest Rates |
| Presented by: Giorgio Primiceri, Northwestern University |
|   |
| The Young, the Old, and the Restless: Demographics and Business Cycle Volatility |
| Presented by: Nir Jaimovich, Stanford |
Session 22: Capital Flows I |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S7 Room 217 |
|   |
| Trade, Multinational Production, and the Gains from Openness |
| JEL codes: F2; O33 |
| Presented by: Natalia Ramondo, University of Texas at Austin |
|   |
| Why Does Capital Flow to Rich States? |
| Presented by: Bent Sorensen, University of Houston |
|   |
| Trade Costs, Asset Market Frictions and Risk Sharing |
| Presented by: Doireann Fitzgerald, Stanford University |
|   |
| The Efficiency and Mobility of International Capital Flows: 1950-2006 |
| Presented by: Mark Wright, Stanford University |
Session 23: Misallocation and Aggregate Productivity |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S11 Room 117 |
|   |
| Financing Development: The Role of Information Costs |
| Presented by: Juan Sanchez, University of Rochester |
|   |
| Total Factor Productivity and Labor Reallocation: The Case of the Korean 1997 Crisis |
| Presented by: Felipe Meza, Universidad Carlos III de Madrid |
|   |
| Income Disparities Across Indian States |
| Presented by: Amartya Lahiri, University of British Columbia |
|   |
| Cross Country Differences in Productivity: The Role of Allocative Efficiency |
| Presented by: Eric Bartelsman, |
Session 24: Information Heterogeneity |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S6 Room 218 |
|   |
| The Social Value of Public Information with Costly Private Information |
| JEL codes: C73, D82, F31 |
| Presented by: Gianluca Femminis, Università Cattolica, Milano |
|   |
| Dynamic Higher Order Expectations |
| Presented by: Kristoffer Nimark, Reserve Bank of Australia |
|   |
| A Model of Dynamic Information Aggregation with Uninformed Rational Agents |
| Presented by: In Ho Lee, Seoul National University |
|   |
| Strategic Experimentation with Poisson Bandits |
| Presented by: Sven Rady, University of Munich |
Session 25: Mechanism Design, Money, and Banking |
|---|
| Session type: invited |
| Session JEL code: E4, E5 |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S8 Room 123 |
|   |
| Mechanism design and Payments |
| JEL codes: E4, E5 |
| Presented by: Ted Temzelides, University of Pittsburgh |
|   |
| Moral Hazard in the Diamond-Dybvig Model of Banking |
| Presented by: David Andolfatto, Simon Fraser University |
|   |
| Commitment and Equilibrium Bank Runs |
| Presented by: Todd Keister, Federal Reserve Bank of New York |
|   |
| Counterfeiting as Private Money in Mechanism Design |
| Presented by: Ed Nosal, Federal Reserve Bank of Cleveland |
Session 26: Optimal Monetary Policy |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S4 Room 317 |
|   |
| Optimal Time-Consistent Monetary Policy in the New Keynesian Model with Repeated Simultaneous Play |
| JEL codes: E61, E52 |
| Presented by: Eric Swanson, Federal Reserve Bank of San Francisco |
|   |
| Welfare-Maximizing Monetary Policy under Parameter Uncertainty |
| Presented by: Rochelle Edge, Federal Reserve Board |
|   |
| Strategic Complementarities and Optimal Monetary Policy |
| Presented by: Tack Yun, Federal Reserve Board |
|   |
| The Normative Implications of Heterogeneity in the Frequency of Price Adjustment |
| Presented by: Andrea Tambalotti, Federal Reserve Bank of New York |
Session 27: Consumer Credit |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S12 Room 109 |
|   |
| Unsecured Credit and Self-Employment |
| Presented by: Kartik Athreya, Federal Reserve Bank of Richmond |
|   |
| A Structural Model of Chapter 13 Personal Bankruptcy |
| Presented by: Wenli Li, Federal Reserve Bank of Philadelphia |
|   |
| Incomplete Markets and the Evolution of US Consumer Debt |
| Presented by: Winfried Koeniger, IZA |
|   |
| Credit Scoring and Endogenous Stigma |
| Presented by: Jim MacGee, University of Western Ontario |
Session 28: Unemployment |
|---|
| Session type: invited |
| Session JEL code: E24 |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S3 Room 319 |
|   |
| Structural Estimation of Search Intensity: Do non-employed workers search hard enough? |
| JEL codes: J64, J31, E24 |
| Presented by: Ronald Wolthoff, Vrije Universiteit Amsterdam |
|   |
| Equilibrium Unemployment in a Generalized Search Model |
| Presented by: William Hawkins, University of Rochester |
|   |
| The relevance of capital and savings for labor market fluctuations |
| Presented by: Michael Reiter, Universitat Pompeu Fabra |
|   |
| Inflation and unemployment: Lagos-Wright meets Mortensen-Pissarides |
| Presented by: Aleksander Berentsen, University of Basel |
Session 29: Asset Pricing and the Macroeconomy |
|---|
| Session type: contributed |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S5 Room 219 |
|   |
| Booms and Busts in Segmented Asset Markets |
| Presented by: Martin Schneider, New York University |
|   |
| Inflation and Stock Prices: No Illusion |
| Presented by: Chao Wei, George Washington University |
|   |
| Macro Implications of Household Finance |
| Presented by: YiLi Chien, Purdue University |
|   |
| Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model |
| Presented by: Harald Uhlig, Humboldt University Berlin |
Session 30: Recent Advances in Repeated Games |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 15:45 - 17:45 |
| Location: S10 Room 118 |
|   |
| Purification in the Infinitely-Repeated Prisoners' Dilemma |
| JEL codes: C72, C73 |
| Presented by: George Mailath, Yale University |
|   |
| Finite State Equilibria in Dynamic Games |
| Presented by: Ichiro Obara, UCLA |
|   |
| The Folk Theorem for Repeated Games with Observation Costs |
| Presented by: Tadashi Sekiguchi, Kyoto University |
|   |
| Private Monitoring without Conditional Independence |
| Presented by: Johannes Hörner, Northwestern University |
Session 31: Plenary Session 1 |
|---|
| Session type: invited |
| Date: June 28, 2007 |
| Time: 18:00 - 19:30 |
| Location: Aula |
|   |
| Plenary Session |
| Presented by: Kenneth Wolpin, University of Pennsylvania |
Session 32: Empirical Macroeconomics |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S6 Room 218 |
|   |
| Information Criteria for Impulse Response Function Matching Estimation |
| JEL codes: C32, E47, C53 |
| Presented by: Barbara Rossi, Duke University |
|   |
| Measures of Per Capita Hours and their Implications for the Technology-Hours Debate |
| Presented by: Neville Francis, University of North Carolina |
|   |
| The Power of Long-Run VARs |
| Presented by: Robert Vigfusson, Federal Reserve Board |
|   |
| The general equilibrium effects of fiscal policy: estimates for the euro area |
| Presented by: Lorenzo Forni, Bank of Italy |
Session 33: International Trade II |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S9 Room 119 |
|   |
| Unbalanced Trade |
| JEL codes: F17 F32 |
| Presented by: Jonathan Eaton, New York University |
|   |
| International Trade and Income Differences |
| Presented by: Michael Waugh, University of Iowa |
|   |
| International Trade Dynamics with Intermediate Inputs |
| Presented by: Ananth Ramanarayanan, University of Minnesota |
|   |
| On The Welfare Benefits Of An International Currency |
| Presented by: Prakash Kannan, International Monetary Fund |
Session 34: Investment, Volatility and Asset Pricing |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S7 Room 217 |
|   |
| Durability of Output and Expected Stock Returns |
| JEL codes: D57; E21; G12 |
| Presented by: Motohiro Yogo, University of Pennsylvania |
|   |
| Time-to-Build and Asset Prices |
| Presented by: Lars-Alexander Kuehn, University of British Columbia |
|   |
| Consumption Volatility and the Cross-Section of Stock Returns |
| Presented by: Roméo Tédongap Nguefack, Université de Montréal |
|   |
| The Puzzling Evolution of the Home Bias, Information Processing and Financial Openness |
| Presented by: Jordi Mondria, University of Toronto |
Session 35: Labor Search and Matching |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S5 Room 219 |
|   |
| Product Market Regulation, Firm Selection and Unemployment |
| JEL codes: E24, J63, L16 |
| Presented by: Gabriel Felbermayr, Eberhard Karls University, Tuebingen |
|   |
| The Joint Effect of Firing Costs on Employment and Productivity in Search and Matching Models |
| Presented by: Bjoern Bruegemann, Yale University |
|   |
| The Effect of Quits on Worker Recruitment: Theory and Evidence |
| Presented by: Jason Faberman, Bureau of Labor Statistics |
|   |
| Island Matching |
| Presented by: Dale Mortensen, Northwestern University |
Session 36: Incentives in a Multiperiod Environment |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S11 Room 117 |
|   |
| When does it pay to get informed? |
| Presented by: Ayca Kaya, University of Iowa |
|   |
| Perishable Durable Goods |
| Presented by: In-Koo Cho, University of Illinois |
|   |
| Contingent Auctions with Allocative Externalities: Vickrey vs. the Ausubel-Milgrom Proxy Auction. |
| Presented by: Laurent Lamy, CREST-INSEE |
|   |
| Optimal CEO Compensation and Option Repricing |
| Presented by: Arantxa Jarque, Universidad de Alicante |
Session 37: Price Rigidities |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S4 Room 317 |
|   |
| Real Rigidities and Nominal Price Changes |
| JEL codes: E3, L16 |
| Presented by: Jonathan Willis, Federal Reserve Bank of Kansas City |
|   |
| Understanding International Prices: Customers as Capital |
| Presented by: Lukasz Drozd, University of Minnesota |
|   |
| Monetary Non-Neutrality in a Multi-Sector Menu Cost Model |
| Presented by: Jon Steinsson, Harvard University |
|   |
| Prices and Market Shares in a Menu Cost Model |
| Presented by: Christian Hellwig, University of California Los Angeles |
Session 38: Productivity and Economic Development |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S3 Room 319 |
|   |
| Trade, Diffusion and the Gains from Openness |
| Presented by: Andres Rodriguez-Clare, PSU |
|   |
| Sources of TFP Growth: Occupational Choice and Financial Deepening |
| Presented by: Hyeok Jeong, University of Southern California |
|   |
| Heterogeneous Firms, Productivity, and Poverty Traps |
| Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis |
|   |
| Financial Frictions and the Persistence of History: A Quantitative Exploration |
| Presented by: Yongseok Shin, University of Wisconsin |
Session 39: Taxation and Political Economy |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S10 Room 118 |
|   |
| Statute Law or Case Law? |
| Presented by: Alessandro Riboni, University of Montréal |
|   |
| Starving the Leviathan: a Dynamic Analysis of Fiscal Constitutions |
| Presented by: Marina Azzimonti Renzo, University of Iowa |
|   |
| Taxation without Commitment |
| Presented by: Catarina Reis, MIT |
|   |
| The Survival of Social Security and Immigration |
| Presented by: Assaf Razin, Tel Aviv University |
Session 40: Education |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S12 Room 109 |
|   |
| Skill Premium, Schooling Decisions, Skill-Biased Technological and Demographic Change: A Macroeconomic Analysis |
| JEL codes: O33, J24, J31, |
| Presented by: Hui He, University of Minnesota |
|   |
| Fostering Educational Enrolment Through Subsidies: the Issue of Timing |
| Presented by: Mario Fiorini, University College London |
|   |
| The Causes and Consequences of Cross-Country Differences in Schooling Attainment |
| Presented by: Todd Schoellman, Stanford University |
|   |
| Educational Attainment in U.S. Cities |
| Presented by: Lutz Hendricks, Iowa State University |
Session 41: Understanding Business Cycles Past and Present |
|---|
| Session Chair: Michelle Alexopoulos, University of Toronto |
| Session type: invited |
| Session JEL code: E3 |
| Date: June 29, 2007 |
| Time: 10:00 - 12:00 |
| Location: S8 Room 123 |
|   |
| Monetary Policy with Single Instrument Feedback Rules. |
| JEL codes: E31; E40; E52; |
| Presented by: Isabel Correia, Banco de Portugal |
|   |
| The International Propagation of News Shocks |
| Presented by: Franck Portier, Universite de Toulouse |
|   |
| Intrinsic Business Cycles |
| Presented by: Huw Lloyd-Ellis, Queens University |
|   |
| Believe it or not! The 1930s was a technologically progressive decade |
| Presented by: Michelle Alexopoulos, University of Toronto |
Session 42: Learning in Macroeconomics |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S12 Room 109 |
|   |
| Learning and the Great Moderation |
| JEL codes: E3, D8. |
| Presented by: Aarti Singh, Washington University |
|   |
| Learning and Model Validation |
| Presented by: Kenneth Kasa, Simon Fraser University |
|   |
| Optimal Monetary Policy Rules: The Problem of Stability under Heterogeneous Learning |
| Presented by: Dmitri Kolyuzhnov, Charles University-Academy of Sciences |
|   |
| Adaptive Learning as a Propagation Mechanism |
| Presented by: Stefano Eusepi, Fedral Reserve Bank of New York |
Session 43: Political Economy II |
|---|
| Session type: invited |
| Session JEL code: d7 |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S10 Room 118 |
|   |
| Policy Persistence in Multi-party Parliamentary Democracies |
| JEL codes: D7, E6, H1, H5 |
| Presented by: Pohan Fong, Concordia University |
|   |
| Strategic Voting over Strategic Proposals |
| Presented by: Hulya Eraslan, University of Pennsylvania |
|   |
| Electoral Economics in New Democracies: Affecting Attitudes About Democracy |
| Presented by: Allan Drazen, University of Maryland |
|   |
| Greed as a Source of Polarization |
| Presented by: Igor Livshits, University of Western Ontario |
Session 44: Monetary Theory |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S9 Room 119 |
|   |
| On the Optimum Distribution of Money |
| JEL codes: E40 |
| Presented by: Ricardo Cavalcanti, University of Toronto |
|   |
| Commodity money and multilateral meetings |
| Presented by: Daniela Puzzello, University of Kentucky |
|   |
| The Societal Benefits of Outside versus Inside Bonds |
| Presented by: Christopher Waller, University of Notre Dame |
|   |
| Money and Credit: An Equivalence Result and Its Implications |
| Presented by: Narayana Kocherlakota, University of Minnesota |
Session 45: Growth and Liquidity |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S8 Room 123 |
|   |
| Liquidity saving mechanisms |
| JEL codes: E42, E58, G21 |
| Presented by: Antoine Martin, Federal Reserve Bank of New York |
|   |
| Bank runs in a dynamic general equilibrium framework |
| Presented by: Francesca Carapella, University of Minnesota, Minneapolis FED |
|   |
| The Role of Education in Development |
| Presented by: Juan Cordoba, Rice University |
|   |
| Entrepreneurship with borrowing constraints in a model of economic development |
| Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia |
Session 46: Labor Markets: Mobility, Productivity, Inequality |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S11 Room 117 |
|   |
| Explaining the Low Labor Productivity in East Germany - A Spatial Analysis |
| JEL codes: C15, J24, J61 |
| Presented by: Nicola Fuchs-Schuendeln, Harvard University |
|   |
| Big Locational Differences in Unemployment Despite High Labor Mobility |
| Presented by: Damba Lkhagvasuren, Northwestern University |
|   |
| Job mobility in Portugal: a Bayesian study with matched worker-firm data |
| Presented by: Guillaume Horny, BETA-CNRS |
|   |
| Politico-Economic Consequences of Rising Wage Inequality |
| Presented by: Burhanettin Kuruscu, University of Texas at Austin and University of Western Ontario |
Session 47: Empirical Industrial Organization II |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S3 Room 319 |
|   |
| Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance |
| JEL codes: D82,G22,C41 |
| Presented by: Jaap Abbring, Vrije Universiteit |
|   |
| Spatial Differentiation in Retail Markets for Gasoline |
| Presented by: Jean-François Houde, University of Wisconsin-Madison |
|   |
| Ticket Resale |
| Presented by: Alan Sorensen, Stanford University |
|   |
| Market Structure and Innovation: A Dynamic Analysis of the Global Automobile Industry |
| Presented by: Aamir Hashmi, National U of Singapore and U of Toronto |
Session 48: Matching and Bargaining |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S6 Room 218 |
|   |
| Efficiency of Directed Search |
| JEL codes: J64, J31, D85 |
| Presented by: Philipp Kircher, University of Pennsylvania |
|   |
| Bargaining with Arrival of New Traders |
| Presented by: Andrzej Skrzypacz, Stanford University |
|   |
| Dynamic Matching and Bargaining Games: A General Approach |
| Presented by: Stephan Lauermann, Bonn Graduate School of Economics |
|   |
| Pricing in Matching Markets |
| Presented by: Andrew Postlewaite, university of pennsylvania |
Session 49: Commercial Policy, Trade and Welfare |
|---|
| Session Chair: Horag Choi, The University of Auckland |
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S7 Room 217 |
|   |
| Welfare Gains to Trade Reform under Firm Heterogeneity |
| JEL codes: E31, F12 |
| Presented by: Horag Choi, The University of Auckland |
|   |
| Market Access Costs and the New Consumers Margin in International Trade |
| Presented by: Costas Arkolakis, University of Minnesota and Yale University |
|   |
| Export Subsidies, Productivity and Welfare under Firm-Level Heterogeneity |
| Presented by: Svetlana Demidova, The University of Georgia |
|   |
| International Technological Competition and Optimal R&D Subsidies in the US: 1973-1990 |
| Presented by: Giammario Impullitti, IMT Lucca and EUI Florence |
Session 50: Sovereign Debt and Portfolio Flows |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S5 Room 219 |
|   |
| Sovereign Debt and the Tragedy of the Commons |
| Presented by: Manuel Amador, Stanford University |
|   |
| A Theory of Delay in Sovereign Defaults Based on Limited Commitment |
| Presented by: David Benjamin, University of Southampton |
|   |
| Country Portfolio Dynamics |
| Presented by: Alan Sutherland, University of St Andrews |
|   |
| Return Volatility and International Portfolio Choice |
| Presented by: Robert Kollmann, Free University of Brussels |
Session 51: Optimal Employment Contracts with Frictions |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 13:15 - 15:15 |
| Location: S4 Room 317 |
|   |
| Unemployment Insurance in a Dynamic Economy with Endogenous Layoffs |
| Presented by: Xue(sherry) Qiao, Iowa State University |
|   |
| Employment Uncertain and Wage Contracts |
| Presented by: Lodewijk Visschers, University of Pennsylvania |
|   |
| Fighting for Talent: Risk-Taking, Corporate Volatility, and Organizational Change |
| Presented by: Mariassunta Giannetti, Stockholm School of Economics |
|   |
| Job-to-job transitions and wage dynamics |
| Presented by: Eva Nagypal, Northwestern University |
Session 52: Dynamic Fiscal Policies |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S6 Room 218 |
|   |
| Revisiting the Supply-Side Effects of Government Spending Under Incomplete Markets |
| Presented by: Vasia Panousi, MIT |
|   |
| Optimal Human Capital Policies |
| Presented by: Marek Kapicka, University of California Santa Barbara |
|   |
| Accounting for private information |
| Presented by: Pricila Maziero, University of Minnesota and Federal Reserve Bank of Minneapolis |
|   |
| Liquidity and Spending Dynamics |
| Presented by: Veronica Guerrieri, University of Chicago, GSB |
Session 53: Capital Flows II |
|---|
| Session type: invited |
| Session JEL code: F |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S11 Room 117 |
|   |
| Enforcement, Incomplete Contracts, and Firm Dynamics |
| Presented by: Cristina Arellano, University of Minnesota |
|   |
| Financial Integration, Financial Deepness and Global Imbalance |
| Presented by: Enrique G. Mendoza, University of Maryland |
|   |
| Optimal external debt and default |
| Presented by: Bernardo Guimaraes, London School of Economics |
|   |
| Investment Cycles and Sovereign Debt (formerly Efficient Expropriation) |
| Presented by: Mark Aguiar, University of Rochester |
Session 54: Search Frictions in Labor and Product Markets |
|---|
| Session type: contributed |
| Session JEL code: E2, E3 |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S3 Room 319 |
|   |
| Matching with Precautionary Savings |
| Presented by: Aysegul Sahin, Federal Reserve Bank of New York |
|   |
| Comparative Advantage in Cyclical Unemployment |
| Presented by: Yongsung Chang, Seoul National University |
|   |
| Joint Search: New Opportunities and New Frictions |
| Presented by: Bulent Guler, University of Texas at Austin |
|   |
| Dynamic Pricing in a Frictional Product Market |
| Presented by: Guido Menzio, University of Pennsylvania |
Session 55: Household Income Risk |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S8 Room 123 |
|   |
| Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach |
| JEL codes: J01 |
| Presented by: Anthony Smith, Yale |
|   |
| Risk-Sharing: The Importance of Health Expenditure Shocks |
| Presented by: Karsten Jeske, Federal Reserve Bank of Atlanta |
|   |
| Are turbulences of Sargent and Ljungqvist consistent with lower aggregate volatility? |
| Presented by: Anna Batyra, Catholic University of Louvain |
|   |
| Family Labor Supply, Precautionary Behavior, Aggregate Saving and Employment |
| Presented by: Paulo Monteiro, Université Libre de Bruxelles |
Session 56: CNB Session: Macroeconomic Policy and Inflation Targeting |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S9 Room 119 |
|   |
| Inquiries on Dynamics of Transition Economy Convergence in a Two-Country Model |
| JEL codes: F12, F36, F41 |
| Presented by: Jan Bruha, Czech National Bank |
|   |
| Bayesian and Adaptive Optimal Policy under Model Uncertainty |
| Presented by: Lars Svensson, Princeton University |
|   |
| Trade Openness and Monetary Policy Rules |
| Presented by: Ondra Kamenik, Czech National Bank |
|   |
| Recognizing and Communicating Uncertainty in Monetary Policy Projections |
| Presented by: Christopher Sims, Princeton University |
Session 57: Auctions, Search, and Matching |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S10 Room 118 |
|   |
| Strategic Foundations of Prediction Markets and the Efficient Markets Hypothesis |
| Presented by: Ricardo Serrano-Padial, University of California, San Diego |
|   |
| Bilateral Matching and Bargaining with Private Information |
| Presented by: Artyom Shneyerov, UBC |
|   |
| Job Market Signaling and Employer Learning |
| Presented by: Julien Prat, Vienna University |
|   |
| A Search-Theoretic Model of the Retail Market for Illegal Drugs |
| Presented by: Manolis Galenianos, Pennsylvania State University |
Session 58: Scale and the Macroeconomy |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S4 Room 317 |
|   |
| Financing Scale and Relative Prices |
| Presented by: Francisco BUERA, Northwestern University |
|   |
| Spin-offs and the Market for Ideas |
| Presented by: Esteban Rossi-Hansberg, Princeton University |
|   |
| New Goods and the Size Distribution of Firms |
| Presented by: Erzo Luttmer, University of Minnesota |
Session 59: Innovation and Growth |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S7 Room 217 |
|   |
| An R&D-based Model of Multi-sector Growth |
| JEL codes: D24 O31 O41 O47 |
| Presented by: Roberto Samaniego, George Washington University |
|   |
| Endogenous Growth and Investment-Specific Innovations - Evidence and Predictions |
| Presented by: Max Elger, Stockholm School of Economics |
|   |
| Intergenerational Bargaining in Technology Adoption |
| Presented by: BYEONGJU JEONG, CERGE-EI |
|   |
| How Important is Human Capital? A Quantitative Theory Assessment of World Income Inequality |
| Presented by: Diego Restuccia, University of Toronto |
Session 60: Credit Market Imperfections |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S12 Room 109 |
|   |
| A note on borrowing limits and welfare |
| JEL codes: E21, E27 |
| Presented by: Francesc Obiols-Homs, UAB |
|   |
| Credit Constraints, Entrepreneurial Activity, and Occupational Choice under Risk |
| Presented by: Christiane Clemens, Otto-von-Guericke University Magdeburg |
|   |
| Preferences for risk in a dynamic model with consumption commitments |
| Presented by: Galina Vereshchagina, University of Iowa |
|   |
| Equilibrium Default with Limited Commitment |
| Presented by: Hugo A. Hopenhayn, UCLA |
Session 61: Housing |
|---|
| Session type: contributed |
| Date: June 29, 2007 |
| Time: 15:45 - 17:45 |
| Location: S5 Room 219 |
|   |
| From Shirtsleeves to Shirtsleeves in a Long Lifetime |
| JEL codes: E21 |
| Presented by: Alexander Michaelides, London School of Economics |
|   |
| Housing and Nondurable Consumption |
| Presented by: Nancy Stokey, University of Chicago |
|   |
| The Role of Housing Collateral in an Estimated Two-Sector Model of the US Economy |
| Presented by: Matteo Iacoviello, Boston College |
|   |
| Directed Search in the Housing Market |
| Presented by: James Albrecht, Georgetown University |
Session 62: Plenary Session 2 |
|---|
| Session type: invited |
| Date: June 29, 2007 |
| Time: 18:00 - 19:30 |
| Location: Aula |
|   |
| Reputational Values for Dynamic Games |
| Presented by: Dilip Abreu, Princeton University |
Session 63: Productivity |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S4 Room 317 |
|   |
| Intertemporal Productivity under Fixed Wages and Piece Rates |
| JEL codes: C23,D82,J33,M52 |
| Presented by: Harry Paarsch, University of Iowa |
|   |
| Explaining Cross-Country Productivity Differences in Retailing |
| Presented by: David Lagakos, UCLA |
|   |
| A Theory of Transition to a Better Technology |
| Presented by: Simona Cociuba, University of Minnesota |
|   |
| Privatization’s Impact on Private Productivity: The Case of |
| Presented by: Arilton Teixeira, Capixaba Research Foundation |
Session 64: The Economics of Networks |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S5 Room 219 |
|   |
| Network Competition with Local Network |
| JEL codes: D43,L96 |
| Presented by: Christian Riis, |
|   |
| Social Learning and Consumer Demand |
| Presented by: Markus Mobius, Harvard University |
|   |
| Dynamic Social Interactions: Identification and Characterization |
| Presented by: Onur Ozgur, University of Montreal |
|   |
| Dynamic Price Competition with Network Effects |
| Presented by: Luis Cabral, New York University |
Session 65: Business Cycles |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S12 Room 109 |
|   |
| Monopoly Power and Endogenous Variety in Dynamic Stochastic General Equilibrium: Distortions and Remedies |
| JEL codes: D42; E20; H21 |
| Presented by: Fabio Ghironi, Boston College |
|   |
| International Trade and Comovement of Business Cycles |
| Presented by: Andrei Levchenko, International Monetary Fund |
|   |
| Investment Spikes: New Facts and a General Equilibrium Exploration |
| Presented by: Francois Gourio, Boston University |
|   |
| Collateral constraint and news-driven cycles |
| Presented by: Tomoyuki Nakajima, Kyoto University |
Session 66: Human Capital and Wage Dynamics |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S8 Room 123 |
|   |
| Estimating the Technology of Cognitive and Noncognitive Skill Formation |
| JEL codes: C31, J13 |
| Presented by: Flavio Cunha, University of Chicago |
|   |
| Career and Skill Formation: A Dynamic Occupational Choice Model With Multidimensional Skills |
| Presented by: Shintaro Yamaguchi, McMaster University |
|   |
| Wage Dynamics of Single and Married Men |
| Presented by: Maurizio Mazzocco, UCLA |
Session 67: Inflation |
|---|
| Session type: invited |
| Session JEL code: E4, E5 |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S6 Room 218 |
|   |
| The Welfare Cost of Expected and Unexpected Inflation |
| JEL codes: E52 |
| Presented by: Miquel Faig, University of Toronto |
|   |
| Idiosyncratic Uncertainty, Inflation and Welfare |
| Presented by: Miguel Molico, Bank of Canada |
|   |
| Elastic Money, Settlement, and Interest Rate Policy |
| Presented by: Allen Head, Queen's University |
|   |
| Avoiding the Inflation Tax |
| Presented by: Huberto Ennis, Federal Reserve Bank of Richmond |
Session 68: Long-run Risks and the Macroeconomy |
|---|
| Session type: invited |
| Session JEL code: E3,G12 |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S9 Room 119 |
|   |
| Learning and the Role of Macroeconomic Factors in the Term Structure of Interest Rates |
| JEL codes: D83, |
| Presented by: Robert Tetlow, Federal Reserve Board |
|   |
| Long-Run Risk through Consumption Smoothing |
| Presented by: Lars Lochstoer, London Business School |
|   |
| The Wealth-Consumption Ratio: A Litmus Test for Consumption-Based Asset Pricing Models |
| Presented by: Stijn Van Nieuwerburgh, NYU Stern School of Business |
|   |
| The Asset Pricing Macro Nexus and Return Cash-Flow Predictability |
| Presented by: Amir Yaron, The Wharton School |
Session 69: Real Effects of Financial Crises |
|---|
| Session type: invited |
| Session JEL code: F3,F41,E32 |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S7 Room 217 |
|   |
| Solving the Country Risk-Business Cycles Disconnect: Endogenous Output Collapse in a Model of Sovereign Default |
| JEL codes: F34, F41 |
| Presented by: Vivian Zhanwei YUE, New York University |
|   |
| Investment during the Korean financial crisis: A structural econometric approach. |
| Presented by: Simon Gilchrist, Boston University |
|   |
| Persistent Appreciations and Overshooting: A Normative Analysis |
| Presented by: Guido Lorenzoni, MIT |
|   |
| Credit Constraints, Firm Dynamics and the Transmission of External Financial Shocks |
| Presented by: Carlos Urrutia, ITAM |
Session 70: Normative Studies of Government Policy |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S11 Room 117 |
|   |
| Hidden Wealth, Unemployment Insurance, and Employment Duration: The Optimal Shape of UI Benefits in the Presence of Layoff Risk |
| JEL codes: D82, E24, J65 |
| Presented by: Nicola Pavoni, UCL |
|   |
| Optimal Retirement Benefit Guarantees |
| Presented by: Stavros Panageas, The Wharton School - Univ. of Penn. |
|   |
| Dynamic Regulation of Public Good Quality |
| Presented by: Fabien MOIZEAU, public |
|   |
| Optimal Fiscal and Monetary Policy when Money is Essential |
| Presented by: S. Boragan Aruoba, University of Maryland |
Session 71: Applied Theory |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S10 Room 118 |
|   |
| Cheap Talk on the Circle |
| JEL codes: D83 |
| Presented by: Dragan Filipovich, El Colegio de Mexico, CEE |
|   |
| Campaigns as Coordination Devices |
| Presented by: Mehmet Ekmekci, Northwestern University |
|   |
| Do Voters Vote Sincerely? |
| Presented by: Arianna Degan, University of Quebec at Montreal |
|   |
| Recursive equilibrium in stochastic OLG economies |
| Presented by: Alessandro Citanna, HEC - Paris |
Session 72: Taxes and Tax Reform |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 10:00 - 12:00 |
| Location: S3 Room 319 |
|   |
| Altruism, Incomplete Markets, and Tax Reform |
| JEL codes: E2, |
| Presented by: Selahattin Imrohoroglu, University of Southern California |
|   |
| Taxes, Transfers and Time Use: Fiscal Policy in a Model of Household Production |
| Presented by: Kelly Ragan, Stockholm School of Economics |
|   |
| Moral sentiments, democracy and redistributive politics: between nature and culture |
| Presented by: Gilles Le Garrec, OFCE |
|   |
| Optimal Government Policies in Models with Heterogeneous Agents |
| Presented by: Michal Kejak, CERGE-EI |
Session 73: Capital Flows III |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S7 Room 217 |
|   |
| Systemic Liquidity and the Composition of Foreign Investment: Theory and Empirical Evidence |
| Presented by: Hui Tong, International Monetary Fund |
|   |
| Capital Flows and Moral Hazard |
| Presented by: Viktor Tsyrennikov, NYU/Cornell |
|   |
| The composition of capital flows when emerging market firms face financing constraints |
| Presented by: Katherine Smith, |
|   |
| Technology Capital and the U.S. Current Account |
| Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis |
Session 74: Price Competition |
|---|
| Session Chair: jan eeckhout, University of Pennsylvania |
| Session type: invited |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S3 Room 319 |
|   |
| Competing Through Information Provision |
| JEL codes: D82,D43,D44,D00 |
| Presented by: Jean Guillaume Forand, University of Toronto |
|   |
| Competitive Equilibria in Decentralized Matching with Incomplete Information |
| Presented by: Alp Atakan, Northwestern University |
|   |
| Matching, Pricing, and Quality Investment |
| Presented by: Shouyong Shi, University of Toronto |
|   |
| The Sorting Effect of Price Competition |
| Presented by: jan eeckhout, University of Pennsylvania |
Session 75: Bankruptcy, Collateral, and Default |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S10 Room 118 |
|   |
| Optimal Personal Bankruptcy Design: A Mirrlees Approach |
| Presented by: Borys Grochulski, Federal Reserve Bank of Richmond |
|   |
| Collateral Secured Loans in a Monetary Economy |
| Presented by: Leo Ferraris, Universidad Carlos III de Madrid |
|   |
| Credit and Inflation under Borrowers' Lack of Commitment |
| Presented by: Antonia Diaz, Universidad Carlos III de Madrid |
|   |
| A Continuous-Time Analysis of Optimal Debt Contracts: Theory and Applications |
| Presented by: Hisashi Nakamura, University of Tokyo |
Session 76: Economics of Energy and Non-renewable Resources, Supported by CEZ |
|---|
| Session type: invited |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S9 Room 119 |
|   |
| Running out of the Devil's Excrement |
| JEL codes: E32, Q31,Q41 |
| Presented by: Andrew Scott, London Business School |
|   |
| Oil dependence and Economic Instability |
| Presented by: Luis Aguiar-Conraria, public |
|   |
| Plants, Vintage Capital and Energy Use |
| Presented by: Luis Puch, Universidad Complutense |
|   |
| Measuring oil-price shocks using market-based information |
| Presented by: Michele Cavallo, Federal Reserve Bank of San Francisco |
Session 77: Risk Sharing |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S5 Room 219 |
|   |
| Risk Sharing, Informal Networks and Living Arrangements |
| JEL codes: J12, J15, R23 |
| Presented by: Giorgio Topa, Federal Reserve Bank of New York |
|   |
| Risk Sharing under Limited Committment |
| Presented by: Arpad Abraham, University of Rochester |
|   |
| Heterogeneity, Risk Sharing and the Welfare Costs of Risk |
| Presented by: Sam Schulhofer-Wohl, University of Chicago |
|   |
| Marital Instability and the Distribution of Wealth |
| Presented by: Nezih Guner, Universidad Carlos III de Madrid |
Session 78: The Labor Supply of Women and Wage Inequality |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S4 Room 317 |
|   |
| Increasing idiosyncratic risk and converging gender differentials in the labor market |
| JEL codes: J24, J31 |
| Presented by: Donghoon Lee, New York University |
|   |
| GENDER AND DYNAMIC AGENCY: THEORY AND EVIDENCE ON THE COMPENSATION OF FEMALE TOP EXECUTIVES |
| Presented by: Claudia Olivetti, Boston University |
|   |
| Financial Development and Wage Inequality: Theory and Evidence from US States |
| Presented by: Michal Jerzmanowski, Clemson University |
|   |
| Nature or Nurture? Learning and Female Labor Force Dynamics |
| Presented by: Alessandra Fogli, NYU and Minneapolis Fed |
Session 79: Bubbles and Expectations |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S11 Room 117 |
|   |
| The geography of female labor force participation and the spread of cultural information |
| Presented by: Laura Veldkamp, NYU Stern |
|   |
| Vintage Capital and Expectations Driven Business Cycles |
| Presented by: Martin Floden, Stockholm School of Economics |
|   |
| Rational and Near-Rational Bubbles Without Drift |
| Presented by: Kevin Lansing, Federal Reserve Bank of San Francisco |
|   |
| Information Flows and Aggregate Persistence |
| Presented by: Oleksiy Kryvtsov, Bank of Canada |
Session 80: Monetary Policy |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S12 Room 109 |
|   |
| Optimal Monetary Policy in a Medium Scale Model for Emerging Markets |
| JEL codes: F3, |
| Presented by: Christopher Otrok, University of Virginia |
|   |
| Optimal Monetary Policy under Asset Market Segmentation |
| Presented by: Rajesh Singh, iowa state university |
|   |
| Inflation Forecasts, Monetary Policy and Unemployment Dynamics: Evidence from the US and the Euro area |
| Presented by: Carlo Altavilla, University of Naples Parthenope |
|   |
| Vacancies, Unemployment, and the Phillips Curve |
| Presented by: Federico Ravenna, University of California Santa Cruz |
Session 81: Investment |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S6 Room 218 |
|   |
| Lumps and Clusters in Duopolistic Investment Games: An Early Exercise Premium Approach |
| JEL codes: C73, D21, D81 |
| Presented by: Doriana Ruffino, Boston University |
|   |
| Resuscitating Time-to-Build |
| Presented by: David Lucca, Board of Governors of the F.R.S. |
|   |
| Housing Prices and Growth |
| Presented by: James Kahn, Federal Reserve Bank of New York |
|   |
| The y-Theory of Investment |
| Presented by: Thomas Philippon, Stern School of Business, New York Unive |
Session 82: Dynamic Contracts |
|---|
| Session Chair: Noah Williams, Princeton University |
| Session type: invited |
| Date: June 30, 2007 |
| Time: 13:15 - 15:15 |
| Location: S8 Room 123 |
|   |
| The Dynamics of Managerial Ownership: Equilibrium Determinants |
| JEL codes: G32, G34 |
| Presented by: Antonio Falato, Federal Reserve Board |
|   |
| Disagreement and Learning in a Dynamic Contracting Model |
| Presented by: Mark Westerfield, University of Southern California |
|   |
| Optimal Mortgage Design |
| Presented by: Tomasz Piskorski, NYU Stern / Columbia GSB |
|   |
| Persistent Private Information |
| Presented by: Noah Williams, Princeton University |
Session 83: The Dynamics of Beliefs: Theory and Applications |
|---|
| Session type: invited |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S3 Room 319 |
|   |
| Non-Equilibrium Learning with Heterogeneous Priors |
| Presented by: Drew Fudenberg, Harvard University |
|   |
| A Theory of Religion: Linking Individual Beliefs, |
| Presented by: Gilat Levy, London School of Economics |
Session 84: Empirical Monetary Economics |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S6 Room 218 |
|   |
| Estimating a Cagan-type demand function for gold: 1561-1913 |
| JEL codes: E41 |
| Presented by: Alexei Deviatov, New Economic School |
|   |
| Speed of euro adoption |
| Presented by: Francesco Columba, Bank of Italy |
|   |
| Saving and credit market development |
| Presented by: Matteo Pignatti, New York University |
|   |
| Breaking the New Keynesian Dichotomy: Asset Market Segmentation and the Monetary Transmission Mechanism |
| Presented by: Julia Thomas, Federal Reserve Bank of Philadelphia |
Session 85: Labor Search |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S9 Room 119 |
|   |
| The Aggregate Implications of Indivisible Labor, Incomplete Markets and Search Frictions |
| JEL codes: J63, J64, D52 |
| Presented by: Per Krusell, Princeton University |
|   |
| Wage Dispersion and Wage Dynamics Within and Across Firms |
| Presented by: Eric Smith, University of Essex |
|   |
| Small Markets |
| Presented by: Espen Moen, Norwegian School of Management (BI) |
|   |
| Search by Committee |
| Presented by: Susan Vroman, Georgetown University |
Session 86: Life Cycle |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S4 Room 317 |
|   |
| Household Life Cycle Location Choices and the Dynamics ofMetropolitan Communities |
| Presented by: Holger Sieg, Carnegie Mellon University |
|   |
| Inequality and the Lifecycle |
| Presented by: Greg Kaplan, New York University |
|   |
| Lifecycle marriage matching: Theory and Evidence |
| Presented by: Eugene Choo, University of Toronto |
|   |
| Hours Volatility over the Life Cycle: The Role of Learning by Doing |
| Presented by: Gary Hansen, UCLA |
Session 87: Prices and Pricing |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S5 Room 219 |
|   |
| Price stickiness in Ss models: new interpretations for old results |
| JEL codes: E32, E62. |
| Presented by: Eduardo Engel, Yale University |
|   |
| Measuring changes in the value of the numeraire |
| Presented by: Ricardo Reis, Princeton University |
|   |
| “Lumpy Trade and the Price of Imports in Large Devaluations.” |
| Presented by: Joseph Kaboski, Ohio State University |
|   |
| Real Estate Prices in Production Economies |
| Presented by: Ivan Jaccard, Wharton |
Session 88: Liquidity and Financial Frictions |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S10 Room 118 |
|   |
| International Seigniorage Payments |
| JEL codes: F32,F33,F34 |
| Presented by: Benjamin Eden, Vanderbilt University |
|   |
| Liquidity Provision and Banking Crises with Heterogeneous Agents |
| Presented by: Matias Fontenla, University of New Mexico |
|   |
| Capital Reallocation, Productivity, and Expectation-Driven Business Cycles |
| Presented by: Kaiji Chen, University of Oslo |
|   |
| Agency Costs, Net Worth and Endogenous Business Fluctuations |
| Presented by: giovanni favara, public |
Session 89: Firm Financing |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S8 Room 123 |
|   |
| A Dynamic Theory of Optimal Capital Structure |
| JEL codes: G3 |
| Presented by: Harold Cole, |
|   |
| Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform |
| Presented by: Jianjun Miao, Boston University |
|   |
| A dynamic theory of the pecking-order based upon repeated signalling |
| Presented by: Dmitry Livdan, Texas A&M University |
|   |
| Levered Returns |
| Presented by: Lukas Schmid, University of Pennsylvania |
Session 90: Great Depressions |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S11 Room 117 |
|   |
| Was the New Deal Contractionary? |
| JEL codes: E52, E62, E65, |
| Presented by: Gauti Eggertsson, Federal Reserve Bank of New York |
|   |
| Real Origins of the Great Depression: Monopoly Power, Unions and the American Business Cycle in the 1920s |
| Presented by: Monique Ebell, Humboldt-University of Berlin |
|   |
| Baby Busts and Baby Booms: A Cross-Country Study of Fertility Responses to Depressions and War Capital |
| Presented by: Alice Schoonbroodt, University of Southampton |
|   |
| Accounting for the French Great Depression |
| Presented by: Slim Bridji, University of Paris X and EconomiX |
Session 91: International Dimensions of Fiscal and Monetary Policy |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S7 Room 217 |
|   |
| The Non--Monotonic Relationship between Interest Rates and Exchange Rates |
| JEL codes: F3, F4 |
| Presented by: Viktoria Hnatkovska, University of British Columbia |
|   |
| A Party without a Hangover? On the Effects of U.S. Government Deficits |
| Presented by: Michael Kumhof, Stanford University |
|   |
| International Dimensions of Fiscal Policy Transmission |
| Presented by: Gernot Mueller, Goethe University Frankfurt |
|   |
| On the Relevance of Exchange Rate Regimes for Stabilization Policy |
| Presented by: Bernardino Adao, Banco de Portugal |
Session 92: Growth and Development |
|---|
| Session type: contributed |
| Date: June 30, 2007 |
| Time: 15:45 - 17:45 |
| Location: S12 Room 109 |
|   |
| Factor-Eliminating Technical Change |
| JEL codes: O40, O31, O33 |
| Presented by: John Seater, North Carolina State University |
|   |
| Development Accounting in a Heckscher-Ohlin World |
| Presented by: Harald Fadinger, Unversitat Pompeu Fabra |
|   |
| Optimal Technology and Development |
| Presented by: Hernan Moscoso Boedo, University of Virginia |
|   |
| Social Attitudes and Macroeconomic Performance: |
| Presented by: Yann Algan, Paris School of economics |
Session 93: Plenary Session 3 |
|---|
| Session type: invited |
| Date: June 30, 2007 |
| Time: 18:00 - 19:30 |
| Location: Aula |
|   |
| Plenary Session |
| Presented by: Robert Shimer, University of Chicago |
This program was last updated on 2007-07-04 11:13:47 EDT