2008 Meeting of the Society for Economic Dynamics |
|---|
Summary of All Sessions |
| # | Date/Time | Location | Title | Papers |
|---|---|---|---|---|
| 1 | July 10, 2008 10:00-12:00 | C | Monetary Theory 1 | 4 |
| 2 | July 10, 2008 10:00-12:00 | G | Models of Policy Choices | 4 |
| 3 | July 10, 2008 10:00-12:00 | B | Risk and Incentives: Implications for Optimal Policies | 4 |
| 4 | July 10, 2008 10:00-12:00 | J | Business Cycles | 4 |
| 5 | July 10, 2008 10:00-12:00 | K | Search Frictions in Labor and Product Markets | 4 |
| 6 | July 10, 2008 10:00-12:00 | A | International Trade 1 | 4 |
| 7 | July 10, 2008 10:00-12:00 | D | Consumption and Income | 4 |
| 8 | July 10, 2008 10:00-12:00 | E | Education | 4 |
| 9 | July 10, 2008 10:00-12:00 | H | Information and Complementarities | 4 |
| 10 | July 10, 2008 10:00-12:00 | I | Productivity | 4 |
| 11 | July 10, 2008 10:00-12:00 | F | Asset Pricing | 4 |
| 12 | July 10, 2008 13:15-15:15 | A | Firm Dynamics | 4 |
| 13 | July 10, 2008 13:15-15:15 | H | Experimentation and Communication | 4 |
| 14 | July 10, 2008 13:15-15:15 | J | Political Economy | 4 |
| 15 | July 10, 2008 13:15-15:15 | G | Labor market heterogeneity and dynamics | 4 |
| 16 | July 10, 2008 13:15-15:15 | K | Human Capital and the Macroeconomy: A Potpourri | 4 |
| 17 | July 10, 2008 13:15-15:15 | D | Topics in Corporate Finance | 4 |
| 18 | July 10, 2008 13:15-15:15 | E | International Macro 1 | 4 |
| 19 | July 10, 2008 13:15-15:15 | F | Human Capital and Wages | 4 |
| 20 | July 10, 2008 13:15-15:15 | C | Monetary Policy and Welfare | 4 |
| 21 | July 10, 2008 13:15-15:15 | I | Bond Yields | 4 |
| 22 | July 10, 2008 13:15-15:15 | B | Econometric Methods | 4 |
| 23 | July 10, 2008 15:45-17:45 | J | Employment Relations | 4 |
| 24 | July 10, 2008 15:45-17:45 | A | Heterogeneous beliefs and macroeconomic dynamics | 4 |
| 25 | July 10, 2008 15:45-17:45 | E | Long-run Consumption Risk | 4 |
| 26 | July 10, 2008 15:45-17:45 | D | Global Imbalances | 4 |
| 27 | July 10, 2008 15:45-17:45 | C | Debt and Default | 4 |
| 28 | July 10, 2008 15:45-17:45 | G | Policy Potpourri | 4 |
| 29 | July 10, 2008 15:45-17:45 | B | Fiscal and Monetary Policy | 4 |
| 30 | July 10, 2008 15:45-17:45 | K | Theory Based Estimation | 4 |
| 31 | July 10, 2008 15:45-17:45 | H | Topics in Economic Theory | 4 |
| 32 | July 10, 2008 15:45-17:45 | I | Finance and Development | 4 |
| 33 | July 10, 2008 15:45-17:45 | F | New Perspectives on Sovereign Debt and Default | 4 |
| 34 | July 10, 2008 18:15-19:15 | L | Plenary Session: James Poterba | 0 |
| 35 | July 11, 2008 10:00-12:00 | B | Unemployment Insurance | 4 |
| 36 | July 11, 2008 10:00-12:00 | A | International Finance | 4 |
| 37 | July 11, 2008 10:00-12:00 | I | Wage determination and labor market dynamics | 4 |
| 38 | July 11, 2008 10:00-12:00 | D | Frictional Financial Markets | 4 |
| 39 | July 11, 2008 10:00-12:00 | E | Industry Dynamics and Asset Returns | 4 |
| 40 | July 11, 2008 10:00-12:00 | C | Dynamic Communication and Mechanism Design | 4 |
| 41 | July 11, 2008 10:00-12:00 | F | International Trade 2 | 4 |
| 42 | July 11, 2008 10:00-12:00 | G | Education, Human Capital, and Unobservable Heterogeneity | 4 |
| 43 | July 11, 2008 10:00-12:00 | J | Investment | 4 |
| 44 | July 11, 2008 10:00-12:00 | K | Monetary Theory and Policy | 4 |
| 45 | July 11, 2008 10:00-12:00 | H | Health, Disease and Development | 4 |
| 46 | July 11, 2008 13:15-15:15 | C | Liquidity and payments | 4 |
| 47 | July 11, 2008 13:15-15:15 | B | Policy jamboree | 4 |
| 48 | July 11, 2008 13:15-15:15 | J | Income Volatility | 4 |
| 49 | July 11, 2008 13:15-15:15 | K | Household Decisions | 4 |
| 50 | July 11, 2008 13:15-15:15 | E | Markets and Mechanisms | 4 |
| 51 | July 11, 2008 13:15-15:15 | I | Demographics and Development | 4 |
| 52 | July 11, 2008 13:15-15:15 | G | International Prices | 4 |
| 53 | July 11, 2008 13:15-15:15 | D | Repeated and Dynamic Games | 4 |
| 54 | July 11, 2008 13:15-15:15 | A | Topics in Industrial Organization | 4 |
| 55 | July 11, 2008 13:15-15:15 | H | Sovereign Debt Renegotiation | 4 |
| 56 | July 11, 2008 13:15-15:15 | F | Consumption, Savings, and Portfolio Choice | 4 |
| 57 | July 11, 2008 15:45-17:45 | B | Topics in Economic Theory: Equilibrium and Efficiency | 4 |
| 58 | July 11, 2008 15:45-17:45 | G | Economic Disasters: Might they explain Stock, Bonds and Currency Prices? | 4 |
| 59 | July 11, 2008 15:45-17:45 | I | Monetary Theory 2 | 4 |
| 60 | July 11, 2008 15:45-17:45 | A | Dynamic Financial Contracts | 4 |
| 61 | July 11, 2008 15:45-17:45 | J | New Perspectives on the Great Moderation | 4 |
| 62 | July 11, 2008 15:45-17:45 | E | International Trade 3 | 4 |
| 63 | July 11, 2008 15:45-17:45 | K | Consumer Credit | 4 |
| 64 | July 11, 2008 15:45-17:45 | D | Innovation and Competition | 4 |
| 65 | July 11, 2008 15:45-17:45 | F | Education and Labor Supply | 4 |
| 66 | July 11, 2008 15:45-17:45 | H | Dynamic Political Economy Models | 4 |
| 67 | July 11, 2008 15:45-17:45 | C | Women in the Labor Market | 4 |
| 68 | July 11, 2008 18:15-19:15 | L | Plenary Session: Jose Scheinkman | 0 |
| 69 | July 12, 2008 10:00-12:00 | B | Business Cycles 2 | 4 |
| 70 | July 12, 2008 10:00-12:00 | C | Search models of labor markets | 4 |
| 71 | July 12, 2008 10:00-12:00 | F | Advances in the Econometrics of Dynamic Models | 4 |
| 72 | July 12, 2008 10:00-12:00 | K | Organizations and Growth | 4 |
| 73 | July 12, 2008 10:00-12:00 | E | Information in Financial Markets | 4 |
| 74 | July 12, 2008 10:00-12:00 | H | Fiscal Policy and Business Cycles | 4 |
| 75 | July 12, 2008 10:00-12:00 | C | Topics in International Macro | 4 |
| 76 | July 12, 2008 10:00-12:00 | J | Topics on Sovereign Debt | 4 |
| 77 | July 12, 2008 10:00-12:00 | A | Collective Decisions | 4 |
| 78 | July 12, 2008 10:00-12:00 | G | Asset Pricing and Macro conditions | 4 |
| 79 | July 12, 2008 10:00-12:00 | D | Debt with Frictions | 4 |
| 80 | July 12, 2008 13:15-15:15 | C | Dynamic Analysis of Industries | 4 |
| 81 | July 12, 2008 13:15-15:15 | D | Inflation risk, bond prices and monetary policy | 4 |
| 82 | July 12, 2008 13:15-15:15 | K | Growth and Development | 4 |
| 83 | July 12, 2008 13:15-15:15 | G | Taxation and Household Labor Supply: Theory and Evidence | 4 |
| 84 | July 12, 2008 13:15-15:15 | J | Models of Limited Commitment | 4 |
| 85 | July 12, 2008 13:15-15:15 | I | Idiosyncratic Risk | 4 |
| 86 | July 12, 2008 13:15-15:15 | F | Dynamic Mechanism Design | 4 |
| 87 | July 12, 2008 13:15-15:15 | H | Models of Labor Productivity | 4 |
| 88 | July 12, 2008 13:15-15:15 | A | Prices, wages and business cycles | 4 |
| 89 | July 12, 2008 13:15-15:15 | E | Housing and Asset Prices | 4 |
| 90 | July 12, 2008 13:45-15:45 | B | International Capital Flows 2 | 4 |
| 91 | July 12, 2008 15:45-17:45 | A | Dynamic Contracts | 4 |
| 92 | July 12, 2008 15:45-17:45 | K | Optimal Asset Taxation under Asymmetric Information | 4 |
| 93 | July 12, 2008 15:45-17:45 | D | Bubbles | 4 |
| 94 | July 12, 2008 15:45-17:45 | G | Health, Fertility and Economics: An Historical Perspective | 4 |
| 95 | July 12, 2008 15:45-17:45 | J | Monetary Policy and International Capital Flows | 4 |
| 96 | July 12, 2008 15:45-17:45 | C | Equity returns | 4 |
| 97 | July 12, 2008 15:45-17:45 | I | Employment and Productivity | 4 |
| 98 | July 12, 2008 15:45-17:45 | E | Labor Supply | 4 |
| 99 | July 12, 2008 15:45-17:45 | F | Nominal Rigidities | 4 |
| 100 | July 12, 2008 15:45-17:45 | B | Institutions, Policies and Growth | 4 |
| 101 | July 12, 2008 15:45-17:45 | H | Expectations, Communication and Monetary Policy | 4 |
| 102 | July 12, 2008 18:15-19:15 | L | Plenary Session: Per Krusell | 0 |
102 sessions, 396 papers |
|---|
2008 Meeting of the Society for Economic Dynamics |
|---|
Complete List of All Sessions |
Session 1: Monetary Theory 1 |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: C |
| Money and Memory |
| JEL codes: E00, D83 |
| By Luis Araujo (Michigan State University) Braz Camargo (University of Western Ontario) |
| Presented by: Luis Araujo, Michigan State University |
| Money, Banking, and Monetary Policy |
| By Ping He, Tsinghua University Lixin Huang, Georgia State University Randall Wright, University of Pennsylvania |
| Presented by: Ping He, University of Illinois, Chicago |
| Monetary Policy, Price Dynamics, and Welfare |
| By Jonathan Chiu, Bank of Canada Miguel Molico, Bank of Canada |
| Presented by: Jonathan Chiu, Bank of Canada |
| Pairwise Trade, Asset Prices and Monetary Policy |
| By Ed Nosal, Chicago Fed Guillaume Rocheteau |
| Presented by: Ed Nosal, Federal Reserve Bank of Chicago |
Session 2: Models of Policy Choices |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: G |
| Dynamics and Stability of Constitutions, Coalitions and Clubs |
| JEL codes: D71, D74, C71. |
| By Daron Acemoglu,MIT Georgy Egorov, Harvard Konstantin Sonin, New Economic School |
| Presented by: Daron Acemoglu, Massachusetts Institute of Technology |
| Learning the Wealth of Nations |
| By Francisco Buera, Northwestern University Alexander Monge-Naranjo, Northwestern University Giorgio Primiceri, Northwestern University |
| Presented by: Giorgio Primiceri, Northwestern University |
| Robustness and US Monetary |
| By Timothy Cogley, University of California Davis Riccardo Colacito, University of North Carolina Lars P. Hansen, University of Chicago Thomas J. Sargent, NYU |
| Presented by: Riccardo Colacito, New York University |
| Together or Alone in Lobbying for Trade Policy |
| By Matilde Bombardini, University of British Columbia Francesco Trebbi, University of Chicago GSB |
| Presented by: Matilde Bombardini, The University of British Columbia |
Session 3: Risk and Incentives: Implications for Optimal Policies |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: B |
| Schedule Selection by Agents: from Price Plans to Tax Tables |
| JEL codes: H21, D82, D42 |
| By Erzo F.P. Luttmer, Harvard Kennedy School and NBER Richard J. Zeckhauser, Harvard Kennedy School and NBER |
| Presented by: Erzo Luttmer, Harvard University |
| Business Start-ups and Productive Efficiency |
| By Hakki Yazici, University of Minnesota |
| Presented by: Hakki Yazici, University of Minnesota |
| Insuring College Failure Risk |
| By Satyajit Chatterjee, Federal Reserve Bank of Philadelphia Felicia Ionescu,Colgate University |
| Presented by: Felicia Ionescu, Colgate University |
| Adverse Selection in the Annuity Market and the Role for Social Security |
| By Roozbeh Hosseini Univeristy of Minnesota |
| Presented by: Roozbeh Hosseini, University of Minnesota |
Session 4: Business Cycles |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: J |
| Comovement: it's not a puzzle |
| JEL codes: E20,E32,O41,O42 |
| By Riccardo DiCecio, FRB of St. Louis |
| Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis |
| A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks |
| By Pengfei Wang Hong Kong University of Science & Technology Yi Wen Federal Reserve Bank of St. Louis |
| Presented by: Pengfei Wang, Hong Kong University of Science and Tech |
| Aggregate Shocks and the Variability of Industrial Production |
| By Andrew Foerster, Duke University Pierre-Daniel Sarte, Federal Reserve Bank of Richmond Mark Watson, Princeton University |
| Presented by: Pierre-Daniel Sarte, Federal Reserve Bank of Richmond |
| Aggregate Fluctuations and the Network Structure of Intersectoral Trade |
| By Vasco M Carvalho University of Chicago |
| Presented by: Vasco Carvalho, University of Chicago |
Session 5: Search Frictions in Labor and Product Markets |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: K |
| Job-to-Job Quits and Corporate Culture: New Results |
| By Giuseppe Moscarini, Yale University |
| Presented by: Giuseppe Moscarini, Yale University |
| General Equilibrium with Customer Relationships: A Dynamic Analysis of Rent-Seeking |
| By Robert E. Hall Stanford University |
| Presented by: Robert Hall, STANFORD UNIVERSITY |
| Employment Outcomes in the Welfare State |
| By Chris Pissarides, London School of Economics |
| Presented by: Christopher Pissarides, London School of Economics |
| A Tractable Model of Search on the Job and Aggregate Fluctuations |
| By Guido Menzio, University of Pennsylvania Shouyong Shi, University of Toronto |
| Presented by: Guido Menzio, University of Pennsylvania |
Session 6: International Trade 1 |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: A |
| Input Sourcing and Multinational Production |
| JEL codes: F12, F23, L11 |
| By Stefania Garetto, The University of Chicago |
| Presented by: Stefania Garetto, The University of Chicago |
| Trade, Multinational Production, and International Risk Sharing |
| By Natalia Ramondo, University of Texas-Austin Veronica Rappoport, Columbia Business School |
| Presented by: Veronica Rappoport, Columbia Business School |
| To Copy or not to Copy: Intellectual Property Rights, Imitation, and Trade |
| By Jeff Thurk, University of Texas at Austin |
| Presented by: Jeff Thurk, University of Texas at Austin |
| Job Turnover and International Trade: A General Equilibrium Analysis |
| By George Alessandria (Federal Reserve Bank of Philadelphia) Horag Choi (University of Auckland) Alain Delacroix (UQAM) Nicolas Petrosky-Nadeau (UQAM) |
| Presented by: Alain Delacroix, public |
Session 7: Consumption and Income |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: D |
| Measuring the Welfare Gain from Personal Computers |
| JEL codes: E01, E21, O33 |
| By Jeremy Greenwood, University of Pennsylvania Karen A. Kopecky, The University of Western Ontario |
| Presented by: Karen Kopecky, The University of Western Ontario |
| Deconstructing Lifecycle Expenditure |
| By Mark Aguiar, Univerity of Rochester Erik Hurst, University of Chicago GSB |
| Presented by: Mark Aguiar, University of Rochester |
| The Consumption Response to Minimum Wage Hikes |
| By Eric French, Chicago Fed Dan Aaronson, Chicago Fed Sumit Agarwal, Chicago Fed |
| Presented by: Eric French, Federal Reserve Bank of Chicago |
| How does Household Consumption Respond to Income Shocks? Evidence and Theory |
| By Dirk Krueger, University of Pennsylvania Fabrizio Perri, University of Minnesota |
| Presented by: Dirk Krueger, University of Pennsylvania |
Session 8: Education |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: E |
| Cross-country Variation in Educational Attainment: Structural Change or Within Industry Skill Upgrading? |
| JEL codes: I2, J24 |
| By Lutz Hendricks, Iowa State University |
| Presented by: Lutz Hendricks, Iowa State University |
| Private versus Social Returns to Human Capital: Education and Economic Growth in India |
| By John Playforth (Harvard Law School) Matthias Schündeln (Harvard University) |
| Presented by: Matthias Schündeln, Harvard University |
| The Evolution of Education: A Macroeconomic Analysis |
| By Diego Restuccia, University of Toronto Guillaume Vandenbroucke, University of Southern California |
| Presented by: Guillaume Vandenbroucke, University of Southern California |
| A model of economic development with lumpy human capital accumulation |
| By Aubhik Khan Federal Reserve Bank of Philadelphia |
| Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia |
Session 9: Information and Complementarities |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: H |
| Risk-sharing and the Probability of Crises |
| JEL codes: E44, C72, G21 |
| By Rodolfo G. Campos, UCLA |
| Presented by: Rodolfo Campos, UCLA |
| Learning Options in Coordination Problems |
| By Eugen Kovac, University of Bonn Jakub Steiner, University of Edinburgh |
| Presented by: Jakub Steiner, The University of Edinburgh |
| Run Equilibria in a Model of Financial Intermediation |
| By Huberto M. Ennis, Research Department, Federal Reserve Bank of Richmond Todd Keister, Research and Statistics Group, Federal Reserve Bank of New York |
| Presented by: Huberto Ennis, Federal Reserve Bank of Richmond |
| Learning and Complementarities: Implications for Speculative Attacks |
| By Itay Goldstein, Department of Finance, Wharton School, University of Pennsylvania Emre Ozdenoren, Department of Economics, University of Michigan Kathy Yuan, Department of Finance, Ross School, University of Michigan |
| Presented by: Emre Ozdenoren, University of Michigan |
Session 10: Productivity |
|---|
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: I |
| The Evolution of Markets and the Revolution of Industry |
| JEL codes: O41, N1 |
| By Klaus Desmet, Universidad Carlos III and CEPR Stephen L. Parente, University of Illinois and CRENoS |
| Presented by: Klaus Desmet, Universidad Carlos III |
| Revisiting Taiwanese Economic Growth from 1961 to 2002, Through the Lens of a Neoclassical Model |
| By Shu-shiuan Lu National Tsing Hua University |
| Presented by: Shu-shiuan Lu, National Hsing Hua Univeresity |
| The Evolution of TFP in Latin America |
| By Pedro Cavalcanti Ferreira (EPGE/FGV) Samuel de Abreu Pessôa (EPGE/FGV) Fernando A. Veloso (Ibmec-RJ) |
| Presented by: Fernando Veloso, Ibmec |
| Geography and Economic Productivity: The Case of 19th Century United |
| By James Schmitz, Federal Reserve Bank of Minneapolis Arilton Teixeira, Capixaba Research Foundation |
| Presented by: Arilton Teixeira, Capixaba Research Foundation |
Session 11: Asset Pricing |
|---|
| Session Chair: Stijn Van Nieuwerburgh, NYU Stern School of Business |
| Date: July 10, 2008 |
| Time: 10:00 - 12:00 |
| Location: F |
| Yooung, Old, Conservative and Bold: The implications of finite lives and heterogeneity for asset prices |
| By Nicolae Garleanu, UC Berkeley (Haas) Stavros Panageas, University of Pennsylvania (Wharton) |
| Presented by: Stavros Panageas, The Wharton School - Univ. of Penn. |
| Investment-Specific Technological Change and Asset Prices |
| By Dimitris Papanikolaou, Kellogg School of Management |
| Presented by: Dimitris Papanikolaou, Northwestern University |
| Labor Leverage, Firms Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Returns |
| By Francois Gourio Boston University |
| Presented by: Francois Gourio, Boston University |
| IT, Corporate Payouts, and the Growing Inequality in Managerial Compensation |
| By Hanno Lustig, UCLA Chad Syverson, University of Chicago Stijn Van Nieuwerburgh, NYU |
| Presented by: Stijn Van Nieuwerburgh, NYU Stern School of Business |
Session 12: Firm Dynamics |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: A |
| Establishments Dynamics and Matching Frictions in Classical Competitive Equilibrium |
| JEL codes: E32, J63, J64 |
| By Marcelo Veracierto, Federal Reserve Bank of Chicago |
| Presented by: Marcelo Veracierto, Federal Reserve Bank of Chicago |
| Wage Determination and Firm Size Dynamics |
| By Bart Hobijn, Federal Reserve Bank of New York Aysegul Sahin, Federal Reserve Bank of New York |
| Presented by: Bart Hobijn, Federal Reserve Bank of New York |
| Entry, Exit, and Plant-level Dynamics over the Business Cycle |
| By Yoonsoo Lee Federal Reserve Bank of Cleveland Toshihiko Mukoyama University of Virginia |
| Presented by: Yoonsoo Lee, Federal Reserve Bank of Cleveland |
| Reorganization or Exit: Bankruptcy Decisions and Firm Dynamics |
| By Dean Corbae, University of Texas at Austin Pablo D'Erasmo, University of Texas at Austin |
| Presented by: Dean Corbae, University of Texas at Austin |
Session 13: Experimentation and Communication |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: H |
| Investment and Information Aggregation through Asset Prices |
| By Elias Albagli (Harvard University) Christian Hellwig (UCLA) Aleh Tsyvinski (Harvard University) |
| Presented by: Christian Hellwig, UCLA |
| Negatively Correlated Bandits |
| By Nicolas Klein, Munich Graduate School of Economics Sven Rady, Department of Economics, University of Munich |
| Presented by: Nicolas Klein, University of Munich |
| Preference for Similarity and Information Collection in Groups |
| By Mariagiovanna Baccara (Stern, NYU) Leeat Yariv (Caltech) |
| Presented by: Mariagiovanna Baccara, Stern School of Business, NYU |
| Continuous-Time Screening Contracts |
| By Alessandro Bonatti Yale University |
| Presented by: Alessandro Bonatti, Yale University |
Session 14: Political Economy |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: J |
| Optimal constitution design for state vs. local governments |
| By Marco Bassetto, Federal Reserve Bank of Chicago |
| Presented by: Marco Bassetto, Federal Reserve Bank of Chicago |
| Generational Policy and the Measurement of Tax Incidence |
| By Juan Carlos Conesa Universitat Autonoma de Barcelona Carlos Garriga Federal Reserve Bank of St. Louis |
| Presented by: Carlos Garriga, Federal Reserve Bank of St. Louis |
| Heterogeneous Labor Skills, The Median Voter and Labor Taxes |
| By Facundo Piguillem, University of Minnesota and Federal Reserve Bank of Minneapolis. Anderson L. Schneider, University of Minnesota and Federal Reserve Bank of Minneapolis |
| Presented by: Juan Piguillem, University of Minnesota |
| The Political-Economy Role of the Social Security System in Sustaining Migration |
| By Edith Sand and Assaf Razin |
| Presented by: Assaf Razin, Tel Aviv University |
Session 15: Labor market heterogeneity and dynamics |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: G |
| An Equilibrium Model of Wage Dispersion with Sorting |
| By Rasmus Lentz University of Wisconsin Jesper Bagger University of Aarhus |
| Presented by: Rasmus Lentz, University of Wisconsin-Madison |
| Matching, Sorting and Wages |
| By Jeremy Lise, University College London & IFS Costas Meghir, University College London & IFS Jean-Marc Robin, Paris School of Economics & UCL |
| Presented by: Jeremy Lise, University College London |
| The Timing of Labor Market Expansions: New Facts and a New Hypothesis |
| By Giuseppe Moscarini, Yale University Fabien Postel-Vinay, University of Bristol |
| Presented by: Fabien Postel-Vinay, University of Bristol |
| Industry Dynamics and Search in the Labor Market |
| By Espen R. Moen, Norwegian School of Management Pietro Garibaldi, University of Torino and Collegio Carlo Alberto |
| Presented by: Espen Moen, Norwegian School of Management (BI) |
Session 16: Human Capital and the Macroeconomy: A Potpourri |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: K |
| On the Job Training, Limited Commitment and Firing Costs |
| By V V Chari University of Minnesota and Federal Reserve Bank of Minneapolis |
| Presented by: V. Chari, Federal Reserve Bank of Minneapolis |
| Cross-country Differences in Inequality and Growth Trends: The Role of Human Capital and Labor Market Policies |
| By Fatih Guvenen, University of Minnesota Burhanettin Kuruscu, University of Texas at Austin Serdar Ozkan, University of Pennsylvania |
| Presented by: Fatih Guvenen, University of Minnesota |
| Neoclassical Miracles |
| By Rody Manuelli, University of Wisconsin-Madison Ananth Seshadri, University of Wisconsin-Madison |
| Presented by: Ananth Seshadri, University of Wisconsin |
| Quality Ladders, Competition and Endogenous Growth |
| By Michele Boldrin and David K Levine, WUStL |
| Presented by: Michele Boldrin, University of Minnesota |
Session 17: Topics in Corporate Finance |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: D |
| A Calibratable Model of Optimal CEO Incentives in Market Equilibrium |
| JEL codes: D2, D3, G34, J3 |
| By Alex Edmans (Wharton) Xavier Gabaix (NYU Stern) Augustin Landier (NYU Stern) |
| Presented by: Alex Edmans, University of Pennsylvania |
| Dynamic agency and the q theory of investment |
| By Peter DeMarzo, Stanford University; Mike Fishman, Northwestern University; Zhiguo He, Northwestern University; Neng Wang, Columbia University |
| Presented by: Neng Wang, Columbia Business School |
| A Model of Cross-Section of Equity Returns and Firm Dynamics |
| By Duke University |
| Presented by: Hengjie Ai, University of Minnesota |
| DETERMINANTS OF THE BLOCK PREMIUM AND OF PRIVATE BENEFITS OF CONTROL |
| By Rui Albuquerque, Boston University Enrique Schroth, University of Lausanne |
| Presented by: Rui Albuquerque, Boston University |
Session 18: International Macro 1 |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: E |
| Long-Run Price Elasticity of Trade Flows and the Trade Comovement Puzzle |
| JEL codes: E32, F41 |
| By Lukasz Drozd University of Wisconsin Jaromir Nosal University of Minnesota |
| Presented by: Lukasz Drozd, University of Wisconsin |
| Cyclical Wage Movements in Emerging Markets Compared to Developed Economies: the Role of Interest Rates |
| By Nan Li Department of Economics the Ohio State Universit |
| Presented by: Nan Li, Department of Economics |
| Technology Shocks: Novel Implications for International Business Cycles |
| By Andrea Raffo Board of Governors of the Federal Reserve System |
| Presented by: Andrea Raffo, Board of Governors of the Federal Reserve System |
| International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities |
| By Charles Engel, University of Wisconsin Jian Wang, Federal Reserve Bank of Dallas |
| Presented by: Jian Wang, Federal Reserve Bank of Dallas |
Session 19: Human Capital and Wages |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: F |
| Human Capital Accumulation and Labor Market Equilibrium |
| JEL codes: J24, J31 |
| By Ken Burdett - University of Pennsylvania Carlos Carrillo-Tudela - University of Leicester Melvyn Coles - University of Essex |
| Presented by: Carlos Carrillo-Tudela, University of Leicester |
| The Determinants of the Wages of Immigrants |
| By Joseph G. Altonji, Yale University Mark R. Rosenzweig, Yale University |
| Presented by: Joseph Altonji, Yale University |
| Returns to Tenure or Seniority? |
| By 1. Sebastian Buhai, Aarhus School of Business (Denmark) and Tinbergen Institute/Erasmus University Rotterdam (Netherlands) 2. Miguel Portela, Minho University (Portugal) 3. Coen Teulings, CPB Netherlands Bureau of Economic Policy Analysis and University of Amsterdam (Netherlands) 4. Aico van Vuuren, Free University Amsterdam (Netherlands) |
| Presented by: Sebastian Buhai, Aarhus School of Business, University of Aarhus |
| Demographic Change and the Return to Experience |
| By Hyeok Jeong, Vanderbilt University Yong Kim, University of Southern California Iourii Manovskii, University of Pennsylvania |
| Presented by: Iourii Manovskii, University of Pennsylvania |
Session 20: Monetary Policy and Welfare |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: C |
| IMPLEMENTING THE FRIEDMAN RULE BY A GOVERNMENT LOAN |
| JEL codes: e58,h21 |
| By Benjamin Eden, Vanderbilt University |
| Presented by: Benjamin Eden, Vanderbilt University |
| Dynamic Taxation, Private Information and Money |
| By Christopher Waller University of Notre Dame |
| Presented by: Christopher Waller, University of Notre Dame |
| Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting |
| By Cesaire Meh, Bank of Canada Jose-Victor Rios-Rull, University of Minnesota Yaz Terajima, Bank of Canada |
| Presented by: Yaz Terajima, Bank of Canada |
| A new model of central-bank intervention: some examples |
| By Alexei Deviatov, New Economic School Neil Wallace, Pennsylvania State University |
| Presented by: Alexei Deviatov, New Economic School |
Session 21: Bond Yields |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: I |
| Long-Run Inflation Risk and the Postwar Term Premium |
| JEL codes: E43,E44,G11,G12 |
| By Glenn Rudebusch, Federal Reserve Bank of San Francisco Eric Swanson, Federal Reserve Bank of San Francisco |
| Presented by: Eric Swanson, Federal Reserve Bank of San Francisco |
| Long Run Risks in the Term Structure of Interest Rates : Estimation |
| By Taeyoung Doh (Federal Reserve Bank of Kansas City) |
| Presented by: Taeyoung Doh, Federal Reserve Bank of Kansas City |
| The Aggregate Demand for Treasury Debt |
| By Arvind Krishnamurthy, Kellogg School of Management, Northwestern University Annette Vissing-Jorgensen, Kellogg School of Management, Northwestern University |
| Presented by: Annette Vissing-Jorgensen, Kellogg School of Management, Northweste |
| Robust Equilibrium Yield Curves |
| By Isaac Kleshchelski (Kellogg School of Management, Northwestern University) Nicolas Vincent (HEC Montréal) |
| Presented by: Nicolas Vincent, HEC Montréal |
Session 22: Econometric Methods |
|---|
| Date: July 10, 2008 |
| Time: 13:15 - 15:15 |
| Location: B |
| Breaks in DSGE models |
| JEL codes: E32, E37 |
| By Jana Eklund, Bank of England Richard Harrison, Bank of England George Kapetanios, Queen Mary, University of London Alasdair Scott, International Monetary Fund |
| Presented by: Richard Harrison, Bank of England |
| Great Moderation debate: should we be worry about using approximated policy functions? |
| By Arturo Ormeno (Universitat Pompeu Fabra) |
| Presented by: Arturo Ormeno, Universitat Pompeu Fabra |
| Priors from Frequency-Domain Dummy Observations |
| By Marco Del Negro, Federal Reserve Bank of New York Francis X. Diebold, University of Pennsylvania Frank Schorfheide, University of Pennsylvania |
| Presented by: Marco Del Negro, FRBNY-Research |
| Large Bayesian VARs |
| By Marta Bańbura, Université Libre de Bruxelles, ECARES Domenico Giannone, European Central Bank, ECARES and CEPR Lucrezia Reichlin, European Central Bank, ECARES and CEPR |
| Presented by: Domenico Giannone, Université Libre de Bruxelles |
Session 23: Employment Relations |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: J |
| Hiring through Referrals |
| By Manolis Galenianos, Penn State |
| Presented by: Manolis Galenianos, Pennsylvania State University |
| Implications of General and Specific Productivity Growth in a Matching Model |
| By Junichi Fujimoto, UCLA |
| Presented by: Junichi Fujimoto, The University of Tokyo |
| Commitment, advertising and efficiency of two-sided investment in competitive search equilibrium |
| By Adrian Masters, University at Albany, SUNY |
| Presented by: Adrian Masters, State University of New York Albany |
| Labor Market Institutions and Aggregate Fluctuations in a Search and Matching Model |
| By Bank of England |
| Presented by: Francesco Zanetti, Bank of England |
Session 24: Heterogeneous beliefs and macroeconomic dynamics |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: A |
| Information Heterogeneity in the Macroeconomy |
| JEL codes: E21, E25, E32 |
| By Ponpoje Porapakkarm, University of Virginia Eric R. Young, University of Virginia |
| Presented by: Eric Young, University of Virginia |
| Incomplete Information and Informative Pricing: Theory and Application |
| By Giacomo Rondina University of California, San Diego |
| Presented by: Giacomo Rondina, University of California, San Diego |
| Forecasting the Forecasts of Others: Implications for Asset Pricing |
| By Igor Makarov, London Business School Oleg Rytchkov, University of Texas at Austin |
| Presented by: Oleg Rytchkov, University of Texas at Austin |
| Business Cycle Dynamics under Rational Inattention |
| By Mirko Wiederholt, Northwestern University Bartosz Mackowiak, European Central Bank |
| Presented by: Mirko Wiederholt, Northwestern University |
Session 25: Long-run Consumption Risk |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: E |
| Temporal Risk Aversion and Asset Prices |
| JEL codes: G12 |
| By Skander J. Van den Heuvel, Univ. of Pennsylvania |
| Presented by: Skander Van den Heuvel, University of Pennsylvania |
| Risk sharing for the long-run. The benefits from financial integration. |
| By Colacito, Riccardo. University of North Carolina at Chapel Hill. Croce, Mariano M. University of North Carolina at Chapel Hill. |
| Presented by: Mariano Croce, kenan-flagler Business School, University of North Carolina at Chapel Hill |
| Housing as a Measure for the Long Run Risk in Asset Pricing |
| By Jose L. Fillat University of Chicago |
| Presented by: Jose Fillat, University of Chicago |
| Measuring Long-Run Consumption Risk |
| By James Kahn, Federal Reserve Bank of New York and New York University |
| Presented by: James Kahn, New York University |
Session 26: Global Imbalances |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: D |
| A New Perspective on "The New Rule"of the Current Account |
| JEL codes: F32, F36, F41 |
| By Cedric Tille Graduate Institute, Geneva, and CEPR Eric van Wincoop University of Virginia and NBER |
| Presented by: Cedric Tille, Graduate Institute, Geneva |
| International Portfolios, Current Account Dynamics and Capital Accumulation |
| By Nicolas Coeurdacier, London Business School and CEPR Robert Kollmann, ECARES, Universite Libre de Bruxelles, University of Paris XII & CEPR |
| Presented by: Robert Kollmann, Free University of Brussels |
| Why Do Foreigners Invest in the United States? |
| By Kristin J. Forbes MIT-Sloan School of Management |
| Presented by: Kristin Forbes, MIT |
| Current Account Adjustment: Some New Theory and Evidence |
| By Jiandong Ju, International Monetary Fund and University of Oklahoma Shang-Jin Wei, Columbia Business School, and NBER |
| Presented by: Jiandong Ju, University of Oklahoma |
Session 27: Debt and Default |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: C |
| The Role of Information in Consumer Debt and Bankruptcy |
| By Juan M. Sanchez University of Rochester |
| Presented by: Juan Sanchez, University of Rochester |
| The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers |
| By Chris Mayer, Columbia Business School Tomasz Piskorski, Columbia Business School Alexei Tchistyi, NYU Stern |
| Presented by: Tomasz Piskorski, Columbia GSB |
| An empirical dynamic model of mortgage default in Colombia between 1997 and 2004 |
| By Juan Esteban Carranza University of Wisconsin-Madison Salvador Navarro University of Wisconsin-Madison |
| Presented by: Juan Esteban Carranza, University of Wisconsin-Madison |
| Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures |
| By Kristopher Gerardi Boston University and FRB Boston Adam Hale Shapiro Boston University and FRB Boston Paul S. Willen FRB Boston and NBER |
| Presented by: Paul Willen, Federal Reserve Bank of Boston |
Session 28: Policy Potpourri |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: G |
| Policy with Dispersed Information |
| By George-Marios Angeletos, MIT Alessandro Pavan, Northwestern University |
| Presented by: George-Marios Angeletos, Massachusetts Institute of Technology |
| A Positive Theory of Capital Taxation |
| By Emmanuel Farhi, Harvard University Ivan Werning, MIT |
| Presented by: Ivan Werning, Massachusetts Institute of Technology |
| Economic and Politico-Economic Equivalence of Fiscal Policies |
| By Martin Gonzalez-Eiras, Universidad de San Andres Dirk Niepelt, SCG; U o Bern; IIES, SU; CEPR |
| Presented by: Martin Gonzalez-Eiras, Universidad de San Andres |
| Capital Taxation with Entrepreneurial Risk |
| By Vasia Panousi, MIT |
| Presented by: Vasia Panousi, MIT |
Session 29: Fiscal and Monetary Policy |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: B |
| Taylor Rules Cause Fiscal Policy Ineffectiveness |
| JEL codes: E62, E63 |
| By Guido Ascari University of Pavia Neil Rankin University of Warwick |
| Presented by: Guido Ascari, Universita degli Studi di Pavia |
| Optimal Fiscal and Monetary Policy in Customer Markets |
| By David M. Arseneau, Federal Reserve Board Sanjay K. Chugh, University of Maryland |
| Presented by: Sanjay Chugh, University of Maryland |
| Optimal Monetary Policy with Credit Augmented Liquidity Cycles |
| By University of Rome at Tor Vergata |
| Presented by: Ester Faia, University of Rome Tor Vergata |
| Optimal Monetary Policy When Agents Are Learning |
| By Banca d'Italia, NHH |
| Presented by: Krisztina Molnar, Norwegian School of Economics and Business Administration |
Session 30: Theory Based Estimation |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: K |
| CCP Estimation of Dynamic Discrete Choice Models with Unobserved Heterogeneity |
| By Peter Arcidiacono, Duke Robert Miller, Carnegie Mellon |
| Presented by: Peter Arcidiacono, Duke University |
| Residential Location in Israel |
| By Moshe Buchinsky |
| Presented by: Moshe Buchinsky, UCLA |
| School Voucher Effects on Education and Labor Market Outcomes: Evidence from a Chile |
| By David Bravo University of Chile Sankar Mukhopadhyay - University of Nevada Petra E. Todd - University of Pennsylvania |
| Presented by: Petra Todd, University of Pennsylvania |
| Understanding Corruption |
| By Fedirico Finan, UCLA Maurizio Mazzocco, UCLA |
| Presented by: Maurizio Mazzocco, UCLA |
Session 31: Topics in Economic Theory |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: H |
| Legal Origins and Creative Destruction |
| By Luca Anderlini (Georgetown), Leonardo Felli (LSE), Giovanni Immordino (University of Salerno) Alessandro Riboni (University of Montreal) |
| Presented by: Alessandro Riboni, University of Montreal |
| Toward an Efficiency Rationale for the Public Provision of Private Goods |
| By Peter Norman (University of North Carolina) Hanming Fang (Duke) |
| Presented by: Peter Norman, UNC Chapel Hill |
| Dynamic Two-Sided Communication |
| By Jernej Copic, UCLA Debrah Meloso, Bocconi |
| Presented by: Jernej Copic, UCLA |
| The option to wait in collective decisions |
| By Matthias Messner, Bocconi Univ., Milan Mattias K. Polborn, Univ. of Illinois at Urbana-Champaign |
| Presented by: Matthias Messner, Bocconi University |
Session 32: Finance and Development |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: I |
| Why Has the US Financial Sector Grown So Much? |
| JEL codes: E2, O16, G2, G3 |
| By NYU-Stern, NBER, CEPR |
| Presented by: Thomas Philippon, Stern School of Business, New York Unive |
| Technological Transfers, Limited Commitment and Growth |
| By Alexandre Dmitriev University of New South Wales |
| Presented by: Alexandre Dmitriev, University of New South Wales |
| Finance and Development: A Tale of Two Sectors |
| By Francisco J. Buera, Northwestern University Joe Kaboski, Ohio State University Yongseok Shin, UW-Madison |
| Presented by: Francisco Buera, Northwestern University |
| Financial Deepening, Inflation and Economic Growth |
| By Aleksander Berentsen,Department of Economics, University of Basel, Switzerland Shouyong Shi,Department of Economics, University of Toronto, Canada |
| Presented by: Aleksander Berentsen, University of Basel |
Session 33: New Perspectives on Sovereign Debt and Default |
|---|
| Date: July 10, 2008 |
| Time: 15:45 - 17:45 |
| Location: F |
| Internal Debt Crises and Sovereign Defaults |
| By Cristina Arellano, University of Minnesota Narayana Kocherlakota, University of Minnesota |
| Presented by: Cristina Arellano, University of Minnesota |
| Rethinking the effects of financial liberalization |
| By Fernando Broner (CREI and Universitat Pompeu Fabra) Jaume Ventura (CREI and Universitat Pompeu Fabra) |
| Presented by: Fernando Broner, CREI and Universitat Pompeu Fabra |
| Self-fulfilling and self-enforcing debt crises |
| By Daniel Cohen (Paris School of Economics) Sebastien Villemot (Paris School of Economics) |
| Presented by: Daniel Cohen, Paris School of Economics |
| On the cost of financial crises |
| By Guido Sandleris, UTDT and Johns Hopkins University Mark Wright, UCLA |
| Presented by: Guido Sandleris, Johns Hopkins University and UTDT |
Session 34: Plenary Session: James Poterba |
|---|
| Date: July 10, 2008 |
| Time: 18:15 - 19:15 |
| Location: L |
Session 35: Unemployment Insurance |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: B |
| Measuring Unemployment Insurance Generosity |
| JEL codes: J65, J68 |
| By Stephane Pallage (University of Quebec at Montreal) Lyle Scruggs (University of Connecticut) Christian Zimmermann (University of Connecticut) |
| Presented by: Christian Zimmermann, University of Connecticut |
| Adverse Selection and Moral Hazard: Quanitative Implications for Unemployment Insurance |
| By David Fuller, University of Iowa |
| Presented by: David Fuller, University of Iowa |
| Labor Market Cycles and Unemployment Insurance Eligibility |
| By Miquel Faig Mailing Address: University of Toronto, Department of Economics, Institute for Policy Analysis. Min Zhang University of Toronto, Department of Economics. |
| Presented by: Min Zhang, University of Toronto |
| Unemployment Insurance and Credit Frictions |
| By Pontus Rendahl, University of Amsterdam |
| Presented by: Pontus Rendahl, European University Institute |
Session 36: International Finance |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: A |
| Can Long Horizon Data Beat Random Walk under Engel-West Explanation? |
| JEL codes: F31,F41,G12,G15 |
| By Charles Engel, University of Wisconsin Jian Wang, Federal Reserve Bank of Dallas Jason Wu, Federal Reserve Board |
| Presented by: Jason Wu, Federal Reserve Board |
| Common Risk Factors in Currency Markets |
| By Hanno Lustig, UCLA Nick Roussanov, Wharton Adrien Verdelhan, Boston University |
| Presented by: Adrien Verdelhan, Boston University |
| Can Exchange Rates Forecast Commodity Prices? |
| By Yu-chin Chen (University of Washington) Kenneth Rogoff (Harvard University) Barbara Rossi (Duke University) |
| Presented by: Yu-chin Chen, University of Washington |
| Exchange rate dynamics, asset market structure and the role of the trade elasticity |
| By Christoph Thoenissen University of St Andrews |
| Presented by: Christoph Thoenissen, University of St Andrews |
Session 37: Wage determination and labor market dynamics |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: I |
| Solving labor market matching models accurately |
| JEL codes: e24,c63 |
| By Wouter den Haan, University of Amsterdam |
| Presented by: Wouter den Haan, University of Amsterdam |
| A Competitive Theory of Equilibrium Mismatch |
| By University of California at Santa Barbara |
| Presented by: Javier Birchenall, University of California, Santa Barbara |
| Why Are Wages Smoother Than Productivity? An Industry-Level Analysis |
| By David Lagakos, UCLA Guillermo Ordonez, UCLA |
| Presented by: David Lagakos, Minneapolis Federal Reserve Bank |
| Re-interpreting the Evidence on the Effect of Implicit Contracts on the Movement of Wages over the Business Cycle |
| By Marcus Hagedorn, University of Zurich Iourii Manovskii, University of Pennsylvania |
| Presented by: Marcus Hagedorn, University of Zurich |
Session 38: Frictional Financial Markets |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: D |
| Decentralized trading with private information |
| By Guido Lorenzoni, MIT Mikhail Golosov, MIT, Aleh Tsyvinski, Harvard |
| Presented by: Mikhail Golosov, MIT |
| Information Percolation |
| By Darrell Duffie, Stanford University Gaston Giroux, Unaffiliated Gustavo Manso, Massachusetts Institute of Technology |
| Presented by: Darrell Duffie, Stanford University |
| Liquidity and Congestion |
| By Gara Minguez Afonso, LSE / Princeton University |
| Presented by: Gara Afonso, LSE / Princeton University |
| Information Based Trade |
| By Philip Bond, University of Pennsylvania Hulya Eraslan, University of Pennsylvania |
| Presented by: Hulya Eraslan, University of Pennsylvania |
Session 39: Industry Dynamics and Asset Returns |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: E |
| Exit Options and Dividend Policy under Liquidity Constraints |
| JEL codes: d81,d92 |
| By Pauli Murto (Helsinki School of Economics) Marko Terviö (UC Berkeley) |
| Presented by: Pauli Murto, Helsinki School of Economics |
| Volatility convergence among private and public firms: predictions from an industry dynamics model |
| By Galina Vereshchagina, Arizona State University |
| Presented by: Galina Vereshchagina, Arizona State University |
| The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries |
| By Dirk Hackbarth (Washington University) Jianjun Miao (Boston University) |
| Presented by: Dirk Hackbarth, Olin School of Business |
| Optimal CEO Incentives and Industry Dynamics |
| By Antonio Falato, Federal Reserve Board Dalida Kadyrzhanova, University of Maryland |
| Presented by: Antonio Falato, Federal Reserve Board |
Session 40: Dynamic Communication and Mechanism Design |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: C |
| Strategic Communication with Lying Costs |
| JEL codes: C7 |
| By Navin Kartik, UCSD |
| Presented by: Navin Kartik, University of California San Diego |
| The Interplay Between Incentives and Communication Complexity in Mechanism Design |
| By Van Zandt, Timothy INSEAD |
| Presented by: Timothy Van Zandt, INSEAD |
| Wait and See |
| By Peter Eso, Kellogg School of Management, Northwestern University Yuk-fai Fong, Kellogg School of Management, Northwestern University |
| Presented by: Peter Eso, Kellogg School, Northwestern University |
| Dividing and Discarding A Procedure for Taking Decisions with Non-transferable Utility |
| By Carrasco, Vinicius - PUC RIO William Fuchs University of Chicago |
| Presented by: William Fuchs, University of Chicago |
Session 41: International Trade 2 |
|---|
| Session JEL code: F1 |
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: F |
| Labor Market Rigidities, Trade and Unemployment |
| JEL codes: F12, F16, J64 |
| By Elhanan Helpman, Harvard University and CIFAR Oleg Itskhoki, Harvard University |
| Presented by: Oleg Itskhoki, Harvard University |
| Uncertainty and entry into export markets |
| By Rubén Segura-Cayuela, Banco de España Josep M Vilarrubia, Banco de España |
| Presented by: Ruben Segura-Cayuela, Bank of Spain |
| Matching and Inequality in the World Economy |
| By Arnaud Costinot, University of CA - San Diego Jonathan Vogel, University of CA - Los Angeles |
| Presented by: Jonathan Vogel, UCLA |
| A Theory of Foreign Influence |
| By Pol Antras, Harvard University Gerard Padró i Miquel, LSE |
| Presented by: Pol Antras, |
Session 42: Education, Human Capital, and Unobservable Heterogeneity |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: G |
| An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan |
| JEL codes: C52, I22, H73 |
| By Maria Marta Ferreyra Carnegie Mellon University |
| Presented by: Maria Ferreyra, Carnegie Mellon University |
| How have the Returns to Schooling and Work Experience Changed over the Last 40 Years? Evidence from Panel Data |
| By Marigee Bacolod, UC-Irvine V. Joseph Hotz, Duke University Marc Luppino, UCLA Douglas McKee, University of Pennsylvania |
| Presented by: V. Hotz, Duke University |
| Estimating a Dynamic Adverse-Selection Model: Labor-Force Experience and the Changing Gender Earnings Gap 1968-93. |
| By George-Levi Gayle, Carnegie Mellon Limor Golan, Carnegie Mellon |
| Presented by: Limor Golan, Carnegie Mellon U. |
| Identifying and testing testing generalized models of moral hazard of managerial compensation |
| By George-Levi Gayle Robert A. Miller Carnegie Mellon University |
| Presented by: Robert Miller, Carnegie Mellon University |
Session 43: Investment |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: J |
| Fixed Costs and Long-Lived Investments |
| By Christopher House, University of Michigan and NBER |
| Presented by: Christopher House, University of Michigan |
| Accounting for Low Frequency Variation in Tobin's q |
| By Chris Telmer, Carnegie Mellon University Iulian Obreja, University of Colorado |
| Presented by: Christopher Telmer, Carnegie Mellon University |
| Holdups and Overinvestment in Physical Capital Markets with Matching Frictions |
| By Andre Kurmann (Universite du Quebec a Montreal) |
| Presented by: Andre Kurmann, UQAM |
| US Investment 1901-2005: Incumbents, Entrants, and Q |
| By Boyan Jovanovic, New York University Peter L. Rousseau, Vanderbilt University |
| Presented by: Peter Rousseau, Vanderbilt University |
Session 44: Monetary Theory and Policy |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: K |
| Liquidity, Business Cycles, and Monetary Policy |
| By Nobuhiro Kiyotaki Princeton University John Moore Edinburgh University and LSE |
| Presented by: Nobuhiro Kiyotaki, |
| Financial Factors in Business Cycles |
| By Lawrence J. Christiano, Northwestern University Roberto Motto, European Central Bank Massimo Rostagno, European Central Bank |
| Presented by: Lawrence Christiano, Northwestern University |
| Are Central Banks' Projections Meaningful? |
| By Jordi Galí, CREI |
| Presented by: Jordi Gali, CREI |
| Inflation and Unemployment in the Long Run |
| By Aleksander Berentsen, University of Basel Guido Menzio, University of Pennsylvania Randall Wright, University of Pennsylvania |
| Presented by: Randall Wright, University of Pennsylvania |
Session 45: Health, Disease and Development |
|---|
| Date: July 11, 2008 |
| Time: 10:00 - 12:00 |
| Location: H |
| Syphilis Cycles |
| JEL codes: D1, I1 |
| By David Aadland, Department of Economics and Finance, University of Wyoming David Finnoff, Department of Economics and Finance, University of Wyoming |
| Presented by: David Aadland, University of Wyoming |
| Aggregate Effect of AIDS on Development |
| By Raul Santaeulalia-Llopis University of Pennsylvania |
| Presented by: Raul Santaeulalia-Llopis, University of Pennsylvania |
| DISEASES AND DEVELOPMENT: A Theory of Infection Dynamics and Economic Behavior |
| By Shankha Chakraborty (University of Oregon) Chris Papageorgiou (IMF, Research) Fidel Perez-Sebastian (University of Alicante) |
| Presented by: Chris Papageorgiou, IMF |
| Life Expectancy and the Wealth of Nations |
| By Marla Ripoll, University of Pittsburgh Juan Carlos Cordoba, Rice University |
| Presented by: Marla Ripoll, University of Pittsburgh |
Session 46: Liquidity and payments |
|---|
| Session Chair: Guillaume Rocheteau, Federal Reserve Bank of Cleveland |
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: C |
| Public Information and Monetary Policy |
| JEL codes: E5 |
| By Marie Hoerova, ECB Cyril Monnet, FRB Philadelphia Ted Temzelides, University of Pittsburgh |
| Presented by: Marie Hoerova, European Central Bank |
| Optimal Fragile Financial Networks |
| By Fabio Castiglionesi, CentER and Tilburg University. Noemi Navarro Prada, University of Malaga |
| Presented by: Fabio Castiglionesi, Tilburg University |
| Learning from Prices: Public Communication and Welfare |
| By Manuel Amador (Stanford) and Pierre Olivier Weill (UCLA) |
| Presented by: Pierre-Olivier Weill, University of California, Los Angeles |
| Money and competing assets under private information |
| By National University of Singapore Federal Reserve Bank of Cleveland |
| Presented by: Guillaume Rocheteau, Federal Reserve Bank of Cleveland |
Session 47: Policy jamboree |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: B |
| The macroeconomics of fiscal consolidations in a Monetary Union: the case of Italy |
| JEL codes: E6, E62 |
| By Lorenzo Forni, Bank of Italy Andrea Gerali, Bank of Italy Massimiliano Pisani, Bank of Italy |
| Presented by: Lorenzo Forni, Bank of Italy |
| Can Policy influence culture? Minimum Wage and the Quality of Labor relations |
| By Philippe Aghion: Harvard University Yann Algan: Paris School of Economics Pierre Cahuc: Ecole Polytechnique |
| Presented by: yann algan, Paris School of Economics |
| Private Incentives versus Class Interests: A Theory of Optimal Institutions with An Application to Growth |
| By Levon Barseghyan, Cornell University Ani Guerdjikova, Cornell University |
| Presented by: Levon Barseghyan, Cornell University |
| Dictators and Oligarchs: A Dynamic Theory of Contested Property Rights |
| By Sergei Guriev, New Economic School Konstantin Sonin, New Economic School |
| Presented by: Konstantin Sonin, New Economic School |
Session 48: Income Volatility |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: J |
| Changes in the Distribution of Income Volatility |
| JEL codes: D31 |
| By Shore, Stephen: Johns Hopkins University Jensen, Shane: Wharton School |
| Presented by: Stephen Shore, Johns Hopkins University |
| Sources of Earnings Instability: Estimates from an On-the-Job Search Model of the U.S. Labor Market |
| By Luca Flabbi, Georgetown University Marco Leonardi, University of Milan |
| Presented by: Luca Flabbi, Georgetown University |
| HIP or RIP? Testing the Heterogeneous and Restricted Models of Labor Income Profiles |
| By Dmytro Hryshko, University of Alberta |
| Presented by: Dmytro Hryshko, University of Alberta |
| A Nonlinear Filtering Application to the Stochastic Volatility of Labor Income Across Schooling Groups |
| By Flavio Cunha, University of Pennsylvania |
| Presented by: Flavio Cunha, University of Pennsylvania |
Session 49: Household Decisions |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: K |
| Assessing the Impact of Public Transfers on Private Risk Sharing Arrangements: Evidence from a Randomized Experiment in Mexico |
| JEL codes: H31,I38,D31,E21 |
| By Aldo Colussi, University of Western Ontario Marina Pavan, The Geary Institute, University College Dublin |
| Presented by: Marina Pavan, University College Dublin |
| Child Support Enforcement and Children's Consumption |
| By Christine Hauser, Collegio Carlo Alberto and CHILD |
| Presented by: Christine Hauser, University of Rochester |
| Dynamic Complementarities: A Computational and Empirical Analysis of Couples' Retirement Decisions |
| By Maria Casanova-Rivas, University College London |
| Presented by: Maria Casanova, UCL and IFS |
| An Empirical Model of Intra-household Allocations and the Marriage Market |
| By Eugene Choo, University of Calgary Shannon Seitz, Boston College and Queen's University Aloysius Siow, University of Toronto |
| Presented by: Shannon Seitz, Boston College |
Session 50: Markets and Mechanisms |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: E |
| Prices as Optimal Competitive Sales Mechanisms |
| JEL codes: C78, D02, J64 |
| By Jan Eeckhout, University of Pennsylvania Philipp Kircher, University of Pennsylvania |
| Presented by: Philipp Kircher, University of Pennsylvania |
| Buyer heterogeneity and competing mechanism |
| By Gabor Virag, Univ. of Rochester, Econ. Dept. |
| Presented by: Gabor Virag, University of Rochester |
| When Less Information is Good for Efficiency: Private Information in Bilateral Trade and in Markets |
| By Stephan Lauermann |
| Presented by: Stephan Lauermann, University of Michigan |
| Retrading in Competitive Equilibria with Adverse Selection |
| By Pamela Labadie Dept. of Economics George Washington University |
| Presented by: Pamela Labadie, George Washington University |
Session 51: Demographics and Development |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: I |
| Does growth discriminates against older workers? |
| JEL codes: J14, J24, E24 |
| By LANGOT François University of Le Mans (GAINS-TEPP) Cepremap PSE Paris-Jourdan Moreno-Galbis Eva University of Le Mans (GAINS TEPP) Cepremap |
| Presented by: françois langot, cepremap |
| The Child is Father of the Man: Implications for the Demographic Transition |
| By David de la Croix, CORE Omar Licandro, IUE |
| Presented by: David de la Croix, Univ cath Louvain |
| Missing Markets, Property Rights and Efficient Fertility |
| By Alice Schoonbroodt, University of Southampton Michele Tertilt, Stanford University |
| Presented by: Alice Schoonbroodt, University of Southampton |
| Pacifying monogamy: the mystery revisited |
| By Nils-Petter Lagerlöf, York University |
| Presented by: Nils-Petter Lagerlöf, York University |
Session 52: International Prices |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: G |
| State-dependent pricing, Variable Mark-ups and Pass-through |
| JEL codes: F4 |
| By Gita Gopinath, Harvard and NBER Oleg Itskhoki, Harvard |
| Presented by: Gita Gopinath, Harvard University |
| The High Correlations of Prices and Ineterst Rates across Nations |
| By Espen Henriksen, University of Oslo Finn Kydland, University of California--Santa Barbara Roman Sustek, Bank of England |
| Presented by: Roman Sustek, Bank of England |
| Bilateral Trade, Relative Prices, and Trade Costs |
| By Michael Waugh The University of Iowa |
| Presented by: Michael Waugh, University of Iowa |
| Intra/International Pricing-to-Market and Real Exchange Rates |
| By Ariel Burstein (UCLA) Nir Jaimovich (Stanford) |
| Presented by: Ariel Burstein, UCLA |
Session 53: Repeated and Dynamic Games |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: D |
| A Theory of Regular Markov Perfect Equilibria\\in Dynamic Stochastic Games: Genericity, Stability, and Purification |
| JEL codes: C73, C61, C62 |
| By Ulrich Doraszelski, Harvard Juan Escobar, Stanford |
| Presented by: Juan Escobar, Stanford |
| Matching, Repeated Game and Aspiration |
| By In-Koo Cho (University of Illinois) Akihiko Matsui (University of Tokyo) |
| Presented by: In-Koo Cho, University of Illinois |
| Cooperation and Collective Enforcement in Networked Societies |
| By Nageeb Ali, UCSD David Miller, UCSD |
| Presented by: David Miller, University of California, San Diego |
| How Robust is the Folk Theorem with Imperfect |
| By Johannes Horner, Northwestern University Wojciech Olszewski, Northwestern University |
| Presented by: Johannes Horner, Northwestern University, |
Session 54: Topics in Industrial Organization |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: A |
| Estimating Production Functions with Heterogeneous Firms |
| By Amit Gandhi (University of Wisconsin-Madison) Salvador Navarro (University of Wisconsin-Madison) David Rivers (University of Wisconsin-Madison) |
| Presented by: Amit Gandhi, University of Wisconsin |
| Research and Development, Profits and Firm Value: A Stuctural Estimation |
| By Missaka Warusawitharana, Board of Governors of the Federal Reserve |
| Presented by: Missaka Warusawitharana, Board of Governors ofthe Federal Reserve |
| Market Structure and the diffusion of electronic banking |
| By Jean-Francois Houde, University of Wisconsin-Madison Jason Allen, Bank of Canada Robert Clark, HEC Montreal |
| Presented by: Jean-François Houde, University of Wisconsin-Madison |
| Plant Size and Plant Function |
| By Thomas J. Holmes, University of Minnesota and Federal Reserve Bank of Minneapolis John J. Stevens, Board of Governors |
| Presented by: Thomas Holmes, University of Minnesota |
Session 55: Sovereign Debt Renegotiation |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: H |
| Recovery Before Redemption |
| By David Benjamin, University of Southampton Mark Wright, UCLA |
| Presented by: David Benjamin, University of Southampton |
| Renegotiation and Coordination: Sovereign Default in 1980s and 1990s |
| By Yan Bai, Arizona State University Jing Zhang, University of Michigan |
| Presented by: Jing Zhang, University of Michigan |
| Government Reputation and Debt Repayment in Emerging Economies |
| By Pablo D'Erasmo, University of Texas at Austin |
| Presented by: Pablo D'Erasmo, University of Texas at Austin |
| "Beneficial" Delays in Debt Restructuring Negotiations |
| By Ran Bi, Research Department, International Monetary Fund |
| Presented by: Ran Bi, International Monetary Fund |
Session 56: Consumption, Savings, and Portfolio Choice |
|---|
| Date: July 11, 2008 |
| Time: 13:15 - 15:15 |
| Location: F |
| Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets |
| JEL codes: D14, G11, I10 |
| By Motohiro Yogo, University of Pennsylvania |
| Presented by: Motohiro Yogo, University of Pennsylvania |
| Portfolio Choice with Capital Gain Taxation and the Limited Use of Losses |
| By Paul Ehling, BI-Oslo Michael Gallmeyer, Texas A&M University Sanjay Srivastava, Georgia State Stathis Tompaidis, University of Texas-Austin |
| Presented by: Michael Gallmeyer, Texas A&M University |
| Risk-sensitive Consumption and Savings under Rational Inattention |
| By Yulei Luo, University of Hong Kong Eric R. Young, University of Virginia |