111 sessions, 431 papers

2010 Annual Meeting of the Society for Economic Dynamics, Montréal
Complete List of All Sessions

Session 1: Social Networks
Date: July 8, 2010
Time: 10:00 - 12:00
Emergence of Cooperation in ANonymous Social Networks through Social Capital
JEL codes: D85
By Brian W. Rogers, Northwestern University, Kellogg Nicole Immorlica, Northwestern University Brendan Lucier, University of Toronto
Presented by: Brian Rogers, Northwestern University, Kellogg
Communication Dynamics in Endogenous Social Networks
By Daron Acemoglu; Massachusetts Institute of Technology Kostas Bimpikis; Massachusetts Institute of Technology Asuman Ozdaglar; Massachusetts Institute of Technology
Presented by: Kostas Bimpikis, Massachusetts Institute of Technology
Segregation in Social Networks: A Structural Approach
By Angelo Mele; UIUC
Presented by: Angelo Mele, Univ of Illinois at Urbana-Champaign
Repeated Interactions and the Social Network Multiplier
By Markus Mobius; Harvard University Adam Szeidl; UC-Berkeley
Presented by: Adam Szeidl, University of California Berkeley

Session 2: Life-cycle Issues, Taxation, and Unemployment Insurance
Date: July 8, 2010
Time: 10:00 - 12:00
Labor-dependent Capital Income Taxation That Encourages Work and Saving
JEL codes: E62, H24, H31
By Sagiri Kitao; Federal Reserve Bank of New York
Presented by: Sagiri Kitao, Federal Reserve Bank of New York
Understanding the Welfare Effects of Unemployment Insurance Policy in General Equilibrium
By Toshihiko Mukoyama; University of Virginia
Presented by: Toshihiko Mukoyama, University of Virginia
Consumption and Home Production over the Life-cycle
By Michael Dotsey; Federal Reserve Bank of Philadelphia Wenli Li; Federal Reserve Bank of Philadelphia Fang Yang; State University of New York at Albany
Presented by: Fang Yang, SUNY-Albany
Revisiting Wage, Earnings, and Hours Profiles
By Peter Rupert; UCSB Giulio Zanella; University of Bologna
Presented by: Giulio Zanella, University of Bologna

Session 3: Firm Heterogeneity and Aggregate Fluctuations
Date: July 8, 2010
Time: 10:00 - 12:00
Entry, Exit, Firm Dynamics, and Aggregate Fluctuations
JEL codes: L11, L16, L25
By Gian Luca Clementi; New York University Dino Palazzo; Boston University
Presented by: Gian Luca Clementi, Stern School of Business
Inventory investment and aggregate fluctuations with idiosyncratic shocks
By Aubhik Khan; The Ohio State University Julia K. Thomas; The Ohio State University
Presented by: Julia Thomas, The Ohio State University
Uncertainty, Financial Frictions, and Investment Dynamics
By Simon Gilchrist; Boston University Jae Sim; Federal Reserve Board Egon Zakrajsek; Federal Reserve Board
Presented by: Egon Zakrajsek, Federal Reserve Board
Uncertainty and Economic Activity: Evidence from Business Survey Data
By Ruediger Bachmann; University of Michigan Steffen Elstner; IFO Institute Eric Sims; University of Notre Dame
Presented by: Ruediger Bachmann, University of Michigan

Session 4: Monetary Policy
Date: July 8, 2010
Time: 10:00 - 12:00
The Macroeconomic Effects of Unstable Monetary Policy Objectives
JEL codes: E52, E58, E61
By Davide Debortoli, University of California San Diego Ricardo Nunes, Federal Reserve Board of Governors
Presented by: Davide Debortoli, University of California, San Diego
Discretionary Policy and Multiple Equilibria in LQ RE Models
By Andrew P. Blake; Bank of England Tatiana Kirsanova; University of Exeter
Presented by: Tatiana Kirsanova, University of Exeter
Monetary Policy with Heterogeneous Households and Financial Frictions
By Jae Won Lee; Rutgers University-New Brunswick
Presented by: Jae Won Lee, Rutgers University
On the Social Cost of Transparency in Monetary Economies
By David Andolfatto Federal Reserve Bank of St. Louis
Presented by: David Andolfatto, Federal Reserve Bank of St. Louis

Session 5: Household Debt and Bankruptcy
Date: July 8, 2010
Time: 10:00 - 12:00
Home Equity Withdrawal in Retirement
JEL codes: E21 J26 G11 G21
By Makoto Nakajima; Federal Reserve Bank of Philadelphia Irina Telyukova; University of California San Diego
Presented by: Makoto Nakajima,
Credit Supply to Bankrupt Households
By Song Han; Federal Reserve Board Benjamin J. Keys; Federal Reserve Board Geng Li; Federal Reserve Board
Presented by: Geng Li, The Federal Reserve Board
Credit Scores and College Investment
By Felicia Ionescu; Colgate University Nicole Simpson; Colgate University
Presented by: Felicia Ionescu, Colgate University
An Equilibrium Model of the Timing of Bankruptcy Filings
By Satyajit Chatterjee; FRB Philadelphia
Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia

Session 6: Emerging Markets, Sovereign Debt and Capital Flows
Date: July 8, 2010
Time: 10:00 - 12:00
Equilibrium Sovereign Default with Endogenous Exchange Rate Depreciation
[slides]
JEL codes: F34, F11, F17
By Sergey V. Popov; Univeristy of Illinois David G. Wiczer; University of Illinois
Presented by: Sergey Popov, UIUC
Regional Reserve Pooling Arrangements
By Suman Sambha Basu; IMF Research Department Ran Bi; IMF Research Department Prakash Kannan; IMF Research Department
Presented by: Suman Basu, IMF
Debt dilution, overborrowing, and sovereign default risk
By Leonardo Martinez; IMF Juan Carlos Hatchondo; Federal Reserve Bank of Richmond Cesar Sosa-Padilla; University of Maryland
Presented by: Cesar Sosa Padilla, University of Maryland
Growth in the Shadow of Expropriation
By Manuel Amador; Stanford University Mark Aguiar; University of Rochester
Presented by: Mark Aguiar, University of Rochester

Session 7: Topics in Empirical Labor
Date: July 8, 2010
Time: 10:00 - 12:00
Gender and Racial Biases: Evidence from Child Adoption
By Mariagiovanna Baccara; NYU Allan Collard-Wexler; NYU Leonardo Felli; LSE Leeat Yariv; Caltech
Presented by: Mariagiovanna Baccara, Stern School of Business, NYU
Informal Sector, Government Policy and Institutions
By S. Boragan Aruoba; University of Maryland
Presented by: S. Boragan Aruoba, University of Maryland
The Impact of Social Security Reform on Occupational and Retirement Behavior: A Quantitative Assessment for Brazil
By Flavio Cunha; Univesity of Pennsylvania Marcelo R Dos Santos; Graduate School of Economics at Getulio Vargas Foundation Pedro C Ferreira; Graduate School of Economics at Getulio Vargas Foundation
Presented by: Marcelo Santos, Getulio Vargas Foundation - EPGE
Dynamic labor supply and saving incentives in privatized pension systems: evidence from Chile
By Clement Joubert ; University of Pennsylvania
Presented by: Clement Joubert, University of North Carolina at Chapel Hill

Session 8: Gains from Trade
Date: July 8, 2010
Time: 10:00 - 12:00
Evaluating Trade Reforms with Model with Heterogeneous Firms
By Timothy J. Kehoe; University of Minnesota Kim J. Ruhl; NYU Stern School of Business
Presented by: Kim Ruhl, Stern School of Business, New York Unive
The Elasticity of Trade: Estimates and Evidence
By Ina Simonovska; University of California - Davis Michael Waugh; New York University - Stern
Presented by: Ina Simonovska, University of California - Davis
New Trade Models, Same Old Gains?
By Costas Arkolakis; Yale University Arnaud Costinot; MIT Andres Rodriguez-Clare; Penn State
Presented by: Costas Arkolakis, Yale University
Location, Productivity, and Trade
By Kevin Wiseman; University of Minnesota
Presented by: Kevin Wiseman, University of Minnesota

Session 9: Asymmetric Information and Fluctuations
Date: July 8, 2010
Time: 10:00 - 12:00
Confidence Banking
JEL codes: E32, G33, D82.
By Guillermo L. Ordonez; Yale University
Presented by: Guillermo Ordonez, Yale University
Lemons, Market Shutdowns and Learning
By MIT
Presented by: Pablo Kurlat, MIT
Aggregate Fluctuations with Adverse Selection in Credit Markets
By Ali Shourideh; University of Minnesota Ariel Zetlin-Jones; University of Minnesota and Federal Reserve Bank of Minneapolis
Presented by: Ariel Zetlin-Jones,
Trading Dynamics in Decentralized Markets with Adverse Selection
By Braz Camargo; University of Western Ontario Ben Lester; University of Western Ontario
Presented by: Benjamin Lester, University of Western Ontario

Session 10: Asset Pricing Implications of Government Policies
Date: July 8, 2010
Time: 10:00 - 12:00
Monetary Policy Risk and the Cross-Section of Stock Returns
JEL codes: D51, E44, E52,
By Erica Li; University of Michigan Francisco Palomino; University of Michigan
Presented by: Francisco Palomino, University of Michigan
The Effect of Monetary Policy on Credit Spreads
By Tolga Cenesizoglu; HEC Montreal Badye Essid; HEC Montreal
Presented by: Tolga Cenesizoglu, HEC Montreal
Tax Uncertainty, Leverage and Asset Prices
By Mariano Max Croce; Kenan-Flagler Business School at UNC Howard Kung; Fuqua School of Business at Duke Lukas Schmid; Fuqua School of Business at Duke
Presented by: Mariano Croce, University of North Carolina at Chapel Hill
Corporate Taxes, Leverage, and Business Cycles
By Brent Glover; The Wharton School, University of Pennsylvania Joao Gomes; The Wharton School, University of Pennsylvania and CEPR. Amir Yaron; The Wharton School, University of Pennsylvania and NBER
Presented by: Amir Yaron, University of Pennsylvania

Session 11: Democratization
Date: July 8, 2010
Time: 10:00 - 12:00
Individual Preferences for State Intervention and Democracy in Sub-Saharan Africa
JEL codes: O11, P48
By Nicola Fuchs-Schuendeln; Goethe University Frankfurt Matthias Schuendeln; Goethe University Frankfurt
Presented by: Nicola Fuchs-Schündeln, Goethe University Frankfurt /Main
The Political Economy of Indirect Control
By Gerard Padro i Miquel, LSE Pierre Yared, Columbia
Presented by: Pierre Yared, Columbia University
Rain and the Democratic Window of Opportunity
By Markus Brückner, UPF; Antonio Ciccone, ICREA-UPF
Presented by: Antonio Ciccone, Universitat Pompeu Fabra and ICREA
Democracy and Reforms
By Paola Giuliano, UCLA Prachi Mishra, IMF Antonio Spilimbergo, IMF
Presented by: Prachi Mishra, IMF

Session 12: Patents and Innovation
Date: July 8, 2010
Time: 10:00 - 12:00
Technological Leadership and the Persistence of Monopoly under Endogenous Entry: Static versus Dynamic Analysis
JEL codes: L12, L13, L41
By Eugen Kovac; University of Bonn Viatcheslav Vinogradov; CERGE-EI, Charles University in Prague Kresimir Zigic; CERGE-EI, Charles University in Prague
Presented by: Eugen Kovac, University of Bonn
OptimalPatent Policy with Recurrent Innovators
By Matthew Mitchell; University of Toronto Hugo Hopenhayn; UCLA
Presented by: Matthew Mitchell, University of Toronto
Capitalizing Implementation Cycles
By Michail E. Rousakis; University of Warwick
Presented by: Michail Rousakis, University of Warwick
International Protection of Intellectual Property: A Quantitative Assessment
By Jeff Thurk; University of Texas at Austin
Presented by: Jeff Thurk, University of Texas at Austin

Session 13: Labor Supply
Session JEL code: J2
Date: July 8, 2010
Time: 13:15 - 15:15
Household Responses to Individual Shocks: Disability, Labour Supply
JEL codes: E2; J2; I0
By Giovanni Gallipoli, University of British Columbia Laura Turner, University of Toronto
Presented by: Giovanni Gallipoli, University of British Columbia
The Non-neutrality of Severance Payments with Incomplete Markets
By Marco Cozzi; Queen’s University Giulio Fella; Queen Mary Gianluca Violante; NYU
Presented by: Marco Cozzi, Queen's University
Training and Human Capital
By Gueorgui Kambourov; University of Toronto Iourii Manovskii; University of Pennsylvania Miana Plesca; University of Guelph
Presented by: Iourii Manovskii, University of Pennsylvania
oes Measurement Matter? Estimating a Model of Labor Supply and Welfare Participation using Survey and Administrative Data
By Melissa Tartari; Yale Patrick Kline; UC Berkeley
Presented by: Melissa Tartari, yale

Session 14: Information and the Business Cycle
Date: July 8, 2010
Time: 13:15 - 15:15
Credit Constraints, Learning, and Aggregate Consumption Volatility
JEL codes: E21, E32, D83
By Daniel L. Tortorice; Brandeis University
Presented by: Daniel Tortorice, Brandeis University
Discreet Commitments and Discretion of Policymakers with Private Information
By Elmar Mertens, Federal Reserve Board
Presented by: Elmar Mertens, Federal Reserve Board
THE SOCIAL VALUE OF INFORMATION OVER THE BUSINESS CYCLE
By George-Marios Angeletos; MIT and NBER Luigi Iovino; MIT Jennifer La'O; MIT
Presented by: Luigi Iovino,
Solving the Procyclical News Shock Problem
By Bill Dupor; Ohio State University Saif Mehkari; Ohio State University
Presented by: Bill Dupor, Ohio State University

Session 15: International Capital Flows
Date: July 8, 2010
Time: 13:15 - 15:15
Endogenous Borrowing Constraints and Stagnation in Latin America
By Paulina Restrepo-Echavarria; University of California Los Angeles
Presented by: Paulina Restrepo-Echavarria, UCLA
Overborrowing and Systemic Externalities in the Business Cycle
By Javier Bianchi
Presented by: Javier Bianchi, university of maryland
Domestic Policies, Hidden Protection, and the GATT/WTO
By Claustre Bajona; Ryerson University Josh Ederington; University of Kentucky
Presented by: Claustre Bajona, Ryerson University
Investment-Specific Technology Shocks and International Business Cycles: An Empirical Assessment
By Federico Mandelman, Atlanta Fed. Pau Rabanal, IMF. Juan Rubio-Ramirez, Duke University Diego Vilan, USC.
Presented by: Federico Mandelman, Federal Reserve Bank of Atlanta

Session 16: Frictional Product Markets and the Customer Base
Date: July 8, 2010
Time: 13:15 - 15:15
The Slow Growth of New Plants: Learning about Demand?
JEL codes: L16;L22
By Lucia Foster; Bureau of the Census John Haltiwanger; University of Maryland and NBER Chad Syverson; University of Chicago and NBER
Presented by: John Haltiwanger, University of Maryland
Understanding International Prices: Customers as Capital
By Lukasz A. Drozd, University of Pennsylvania, The Wharton School Jaromir B. Nosal, Columbia University
Presented by: Jaromir Nosal, Columbia University
Customer Capital
By Francois Gourio; Boston University Leena Rudanko; Boston University
Presented by: Leena Rudanko, Boston University
Empathy in salesperson-customer interactions
By Julio J. Rotemberg
Presented by: Julio Rotemberg, Harvard Business School

Session 17: Liquidity Trap and Financial Markets
Date: July 8, 2010
Time: 13:15 - 15:15
The Central Bank's Balance Sheet as an Instrument of Monetary Policy
JEL codes: E40, E50
By Vasco Curdia; Federal Reserve Bank of New York Michael Woodford; Columbia University
Presented by: Vasco Curdia, Federal Reserve Bank of New York
Is There a Fiscal Free Lunch in a Liquidity Trap?
By Christopher J. Erceg, Federal Reserve Board Jesper Linde, Federal Reserve Board
Presented by: Christopher Erceg, Federal Reserve Board
The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies
By Marco Del Negro; FRB New York Gauti Eggertsson; FRB New York Andrea Ferrero; FRB New York Nobuhiro Kiyotaki; Princeton
Presented by: Marco Del Negro, FRBNY
Credit Crises and Liquidity Traps
By Veronica Guerrieri; University of Chicago and Minneapolis Fed Guido Lorenzoni; MIT
Presented by: Veronica Guerrieri, University of Chicago

Session 18: Trade
Date: July 8, 2010
Time: 13:15 - 15:15
Innovation and the Elasticity of Trade Volumes to Tariff Reductions
By Loris Rubini; Arizona State University
Presented by: Loris Rubini, Arizona State University
International Trade Patterns, the Skill Premium, and Heterogeneous Firms
By Ariel Burstein; University of California LA Jonathan Vogel; Columbia University
Presented by: Jonathan Vogel, Columbia
Risk, Returns, and Multinational Production
By Jose Luis Fillat; Federal Reserve Bank of Boston Stefania Garetto; Boston University
Presented by: Stefania Garetto, Boston University
On the Limits to Innovation Policy
By Andrew Atkeson (UCLA) Ariel Burstein (UCLA)
Presented by: Ariel Burstein, UCLA

Session 19: Matching and Networks
Date: July 8, 2010
Time: 13:15 - 15:15
Aspiration, Sympathy and Minmax Outcome
JEL codes: D01, D03
By In-Koo Cho (University of Illinois) Akihiko Matsui (University of Tokyo)
Presented by: In-Koo Cho, University of Illinois
An Incentive Theory of Matching
By Alessio J. G. Brown, Kiel Institute for the World Economy Christian Merkl, Kiel Institute for the World Economy Dennis Snower, Kiel Institute for the World Economy
Presented by: Alessio Brown, Kiel Institute for the World Economy
Independent random matching with many types
By Konrad Podczeck; University of Vienna Daniela Puzzello; University of Illinois
Presented by: Daniela Puzzello, University of Illinois at Urbana-Champai
A search model with a quasi network
By João Miguel Ejarque
Presented by: João Miguel Ejarque, University of Essex

Session 20: Social Security, Health, and Unemployment Insurance
Date: July 8, 2010
Time: 13:15 - 15:15
Accounting for non-annuitization
JEL codes: D91,G11,G22
By Svetlana Pashchenko; University of Virginia
Presented by: Svetlana Pashchenko, University of Virginia
Fragility: A Quantitative Analysis of the US Health Insurance System
By Bjoern Bruegemann; Yale University Iourii Manovskii; University of Pennsylvania
Presented by: Bjoern Bruegemann, Yale University
On the Desirability to Switch from a Standard Unemployment Insurance Program to a System of Unemployment Accounts
By Stephane Pallage; UQAM Christian Zimmermann; University of Connecticut
Presented by: Christian Zimmermann, University of Connecticut
Unemployment Insurance and Home Production
By Temel Taskin; University of Rochester
Presented by: Temel Taskin, University of Rochester

Session 21: Frictional Labor Markets and Aggregate Fluctuations
Date: July 8, 2010
Time: 13:15 - 15:15
Investment-Specific Shocks and Cyclical Fluctuations in a Frictional Labor Market
By Manuel Toledo; Universidad Carlos III de Madrid Jose I. Silva; Universidad de Girona
Presented by: Manuel Toledo, Universidad Carlos III
The Vanishing Procyclicality of Labor Productivity
By Jordi Gali; CREI, Universitat Pompeu Fabra and Barcelona GSE Thijs van Rens; CREI, Universitat Pompeu Fabra and Barcelona GSE
Presented by: Thijs van Rens, CREI and Universitat Pompeu Fabra
Labor market rigidity and the transmission of business cycle shocks
By Philip Jung; University of Mannheim Moritz Kuhn; University of Mannheim
Presented by: Philip Jung, public
Mismatch in the Labor Market
By Aysegul Sahin; Federal Reserve Bank of New York Giorgio Topa; Federal Reserve Bank of New York Gianluca Violante; New York University
Presented by: Giorgio Topa, Federal Reserve Bank of New York

Session 22: Productivity and Policy
Date: July 8, 2010
Time: 13:15 - 15:15
Labor Taxes, Productivity and Tax Competition
JEL codes: E2, E6
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia Amartya Lahiri; University of British Columbia
Presented by: Amartya Lahiri, University of British Columbia
Mark-Up Distortions and Endogenous Misallocation
By Michael Peters, MIT
Presented by: Michael Peters, MIT
Emission Tax or Standard: The Roles of Productivity Dispersion and Abatement
By Zhe Li; Shanghai University of Finance and Economics Shouyong Shi; University of Toronto
Presented by: Zhe Li, Shanghai University of Finance and Economics
Management Matters
By Michelle Alexopoulos; University of Toronto Trevor Tombe; University of Toronto
Presented by: Michelle Alexopoulos, University of Toronto

Session 23: Asset Pricing and Portfolio Choice
Date: July 8, 2010
Time: 13:15 - 15:15
Aggregate Asset Pricing with Labor Market Frictions
JEL codes: E21, E24, G12
By Lars-Alexander Kuehn; Carnegie Mellon University Nicolas Petrosky-Nadeau; Carnegie Mellon University Lu Zhang; University of Michigan
Presented by: Lu Zhang, University of Michigan
Sources of entropy in representative agent models of asset pricing
By David Backus; NYU Mikhail Chernov; LBS Stanley Zin; NYU
Presented by: David Backus, New York University, Stern School of Bus
Household Finance in General Equilibrium
By Miles Kimball, University of Michigan Matthew Shapiro, University of Michigan Tyler Shumway, University of Michigan Jing Zhang, University of Michigan
Presented by: Jing Zhang, University of Michigan
On the Dynamics of Leverage, Liquidity, and Risk
By Philippe Bacchetta; University of Lausanne Cedric Tille; Graduate Institute, Geneva Eric van Wincoop; University of Virginia
Presented by: Philippe Bacchetta, University of Lausanne

Session 24: Consumer Credit Markets
Date: July 8, 2010
Time: 13:15 - 15:15
Innovations in Information Technology and the Mortgage Market
JEL codes: D82, D91, E21
By Bulent Guler; Indiana University
Presented by: Bulent Guler, Indiana University - Bloomington
Can Credit Market Signalling Improve Labor Market Outcomes?
[slides]
By Tzu-Ying Chen; University of Texas at Austin Dean Corbae' University of Texas at Austin
Presented by: Dean Corbae, University of Texas at Austin
Long-Term Contracts in Unsecured Credit Markets
By Xuan S. Tam; University of Virginia
Presented by: Xuan Tam, University of Virginia
Price negotiation in differentiated product markets: An analysis of the market for insured mortgages in Canada
By Jean-Francois Houde; University of Wisconsin Jason Allen; Bank of Canada Robert Clark; HEC-Montreal
Presented by: Jean-Francois Houde, University of Wisconsin-Madison

Session 25: Macro Implications of Heterogeneous Producers
Date: July 8, 2010
Time: 15:45 - 17:45
The Great Diversification and its Undoing
By Vasco M. Carvalho; CREI Xavier Gabaix; NYU Stern
Presented by: Vasco Carvalho, CREI and Universitad Pompeu Fabra
Why does productivity fall during a financial crisis? The case of Argentina 2001
By Guido Sandleris; UTDT Mark Wright; UCLA
Presented by: Mark Wright, UCLA
Credit Shocks and Aggregate Fluctuations in an Economy with Production Heterogeneity
By Aubhik Khan; Ohio State University Julia K. Thomas; Ohio State University
Presented by: Aubhik Khan, Ohio State University
The Anatomy of a Credit Crunch
By Francisco J. Buera; UCLA and NBER Roberto Fattal Jaef;UCLA Yongseok Shin;Washington University in St. Louis
Presented by: Francisco Buera, UCLA

Session 26: DSGE models and asset prices
Date: July 8, 2010
Time: 15:45 - 17:45
Prices and volumes of options: A simple theory of risk sharing when markets are incomplete
JEL codes: G10, G12, E44
By Francois Le Grand; EMLyon Business School Xavier Ragot; Banque de France
Presented by: Francois Le Grand, EMLyon Business School
Asset Prices in a News Driven Real Business Cycle Model
By Aytek Malkhozov;London School of Economics Maral Shamloo;International Monetary Fund
Presented by: Aytek Malkhozov, London School of Economics
Toward a Quantitative General Equilibrium Asset Pricing Model with Intangible Capital
By Hengjie Ai; Duke University Mariano Croce; University of North Carolina at Chapel Hill Kai Li; Duke University
Presented by: Hengjie Ai, Duke University
"Long-Term Asset Price Volatility and Macroeconomic Fluctuations"
By Miguel A. Iraola; ITAM (CIE) Manuel S. Santos; University of Miami
Presented by: Miguel Iraola, ITAM

Session 27: Firm-level productivity: An IO perspective
Date: July 8, 2010
Time: 15:45 - 17:45
Measuring the Bias of Technological Change
By Ulrich Doraszelski, Harvard University Jordi Jaumandreu, Boston University
Presented by: Ulrich Doraszelski, Harvard University
Productivity Dispersion and Plant Selection in the Ready-Mix Concrete Industry
[slides]
By Allan Collard-Wexler; New York University
Presented by: Allan Collard-Wexler, New York University
The Slow Growth of New Plants: Learning about Demand?
By Lucia Foster; U.S. Census Bureau John Haltiwanger; University of Maryland Chad Syverson; Univ. of Chicago, Booth School
Presented by: Chad Syverson, University of Chicago
Markups and Firm-level Exports
By Jan De Loecker; Princeton University Frederic Warzynski; Arhus University
Presented by: Jan De Loecker, Princeton University

Session 28: Incentives and Dynamic Games
Date: July 8, 2010
Time: 15:45 - 17:45
Optimal deadlines for agreements
By Ettore Damiano; University of Toronto Hao Li; University of Toronto Wing Suen; The University of Hong Kong
Presented by: Ettore Damiano, University of Toronto
Hierarchy, Learning and Dynamic Moral Hazard
By Guy Arie ; Northwestern University
Presented by: Guy Arie, Northwestern University
On the First-Order Approach in Principal-Agent Models with Hidden Borrowing and Lending
By Arpad Abraham; EUI Florence Sebastian Koehne; University of Mannheim Nicola Pavoni; University College London
Presented by: Arpad Abraham, European University Institute
Optimal Auction Design and Irrelevance of Privacy of Information
By Tymofiy Mylovanov; Penn State University Thomas Troeger; University of Bern
Presented by: Tymofiy Mylovanov, Penn State University

Session 29: Sovereign Debt
Date: July 8, 2010
Time: 15:45 - 17:45
Serial Default and Debt Renegotiation
JEL codes: E43; F32; F34;
By Tamon Asonuma; Boston University
Presented by: Tamon Asonuma, Boston University
News and sovereign default risk in small open economies
By Ceyhun Bora Durdu;Federal Reserve Board Ricardo Nunes; Federal Reserve Board Horacio Sapriza; Federal Reserve Board and Rutgers University
Presented by: Horacio Sapriza, Rutgers University and Board of Governor
Decentralized Borrowing and Centralized Default
By Yun Jung Kim; University of Michigan Jing Zhang; University of Michigan
Presented by: Yun Jung Kim, University of Michigan
Debtor Discrimination During Sovereign Debt Restructurings
By Aitor Erce Domiguez; Bank of Spain Javier Diaz-Cassou; London School of Economics
Presented by: Aitor Erce-Dominguez, Bank of Spain

Session 30: Frictional Labor Markets: Theory and Evidence
Date: July 8, 2010
Time: 15:45 - 17:45
Optimal Policy in a Labor Market with Adverse Selection
By Edouard Schaal; Princeton University Mathieu Taschereau-Dumouchel; Princeton University
Presented by: Mathieu Taschereau-Dumouchel, Princeton University
Labor Matching Model: Putting the Pieces Together
By Anton Cheremukhin; UCLA
Presented by: Anton Cheremukhin, UCLA
Labor Market Flows and Vacancies in the Cross Section and Over Time
By Steven J. Davis; University of Chicago R. Jason Faberman; Federal Reserve Bank of Philadelphia John Haltiwanger; University of Maryland
Presented by: Jason Faberman, Federal Reserve Bank of Philadelpia
Job Search, Human Capital and Wage Inequality
By Carlos Carrillo-Tudela; University of Leicester.
Presented by: Carlos Carrillo-Tudela, University of Leicester

Session 31: Productivity and Investment
Date: July 8, 2010
Time: 15:45 - 17:45
Does Foreign Competition Spur Productivity? Evidence From Post WWII U.S. Cement Manufacturing
By Timothy Dunne; University of Oklahoma Shawn Klimek; U.S. Census James Schmitz; Federal Reserve Bank of Minneapolis
Presented by: James Schmitz, Federal Reserve Bank of Minneapolis
Investment and Institutions
By Stijn Claessens; IMF Kenichi Ueda; IMF Yishay Yafeh; Hebrew University
Presented by: Kenichi Ueda, International Monetary Fund
Entry Barriers, Financial Frictions, and Cross-Country Differences in Income and TFP
By Lei Fang; Federal Reserve Bank of Atlanta
Presented by: Lei Fang, Research Department
Financial Structure, Informality and Development
[slides]
By Pablo D'Erasmo; University of Maryland Hernan Moscoso Boedo; University of Virginia
Presented by: Hernan Moscoso Boedo, University of Virginia

Session 32: Family Macro: Fertility and Labor Supply
Date: July 8, 2010
Time: 15:45 - 17:45
Household Technology; Childcare; Women Labor Force Participation; Home Production
JEL codes: D13, E24, J13
By Emanuela Cardia; Universite de Montreal Paul Gomme; Concordia University
Presented by: Emanuela Cardia, university of montreal
The Quantitative Role of Child Care for Fertility and Female Labor Force Participation
By Alexander Bick, Goethe University
Presented by: Alexander Bick, Goethe University
Household Taxation, Fertility, and Labor Supply
By Fabrizio Colonna; Banca d'Italia Stefania Marcassa; Paris School of Economics
Presented by: Stefania Marcassa, Paris School of Economics
Brain versus Brawn: The Realization of Women's Comparative Advantage
By Michelle Rendall; University of Zurich
Presented by: Michelle Rendall, University of Zurich

Session 33: Macroeconomics of news and dissemination of information
Date: July 8, 2010
Time: 15:45 - 17:45
Inattentive Professional Forecasters
JEL codes: E31, E32, E37
By Philippe Andrade; Banque de France Hervé Le Bihan; Banque de France
Presented by: Philippe Andrade, THEMA, University of Cergy-Pontoise
News Shocks
By Robert Barsky; University of Michigan Eric Sims; University of Notre Dame
Presented by: Eric Sims, University of Notre Dame
Price Making Intermediation
By George-Marios Angeletos; MIT Guido Lorenzoni; MIT
Presented by: Guido Lorenzoni, MIT
What can survey forecasts tell us about informational rigidities?
By Olivier Coibion, College of William & Mary Yuriy Gorodnichenko, UC Berkeley
Presented by: Yuriy Gorodnichenko, UC Berkeley

Session 34: Issues in Applied Monetary Policy
Date: July 8, 2010
Time: 15:45 - 17:45
Liquidity, Financial Intermediation, and Monetary Policy in a New Monetarist Model
[slides]
JEL codes: E4, E5
By Stephen D. Williamson; Washington University in St. Louis
Presented by: Stephen Williamson, Washington University in St. Louis
Trend inflation, nominal rigidities, and endogenous growth
By Robert Amano; Bank of Canada Tom Carter; Princeton University Kevin Moran; Université Laval
Presented by: Kevin Moran, Université Laval
Inflation, Nominal Debt, Housing, and Welfare
By Shutao Cao; Bank of Canada Cesaire A. Meh; Bank of Canada Jose-Victor Rıos-Rull; University of Minnesota and Federal Reserve Bank of Minneapolis Yaz Terajima; Bank of Canada
Presented by: Jose-Victor Rios-Rull, University of Minnesota
Optimal Target Criteria for Stabilization Policy
By Marc P. Giannoni; Columbia University Michael Woodford; Columbia University
Presented by: Marc Giannoni, Columbia University

Session 35: Inputs and Institutions in International Trade
Date: July 8, 2010
Time: 15:45 - 17:45
Which factor bears the cost of currency crises?
JEL codes: E25 ; J42 ; G01
By Paul Maarek; Aix-Marseille Université, GREQAM, GAINS Elsa Orgiazzi; Carlos III
Presented by: paul maarek, Aix-Marseille université, U du maine
Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations versus Infinitely Lived Consumers
By Claustre Bajona; Ryerson University Timothy J. Kehoe; University of Minnesota
Presented by: Timothy Kehoe, University of Minnesota
Trade Liberalization, Technology and Skill Upgrading. Evidence from Argentina
By Paula Bustos; CREI and Universitat Pompeu Fabra
Presented by: Paula Bustos, CREI Universitat Pompeu Fabra
Macro-Hedging for Commodity Exporters
By Eduardo Borensztein; Inter-American Development Bank Olivier Jeanne; Johns Hopkins University Damiano Sandri; International Monetary Fund
Presented by: Damiano Sandri, International Monetary Fund

Session 36: Structural Estimation
Date: July 8, 2010
Time: 15:45 - 17:45
The impact of search costs on consumer behavior: a dynamic approach
JEL codes: C61 D12 D83 L81
By Stephan Seiler; London School of Economics
Presented by: Stephan Seiler, London School of Economics
Inference of Signs of Interaction Effects in Simultaneous Games with Incomplete Information
By Aureo de Paula; University of Pennsylvania Xun Tang; University of Pennsylvania
Presented by: Aureo de Paula, University of Pennsylvania
Bank Expansion after the Riegle-Neal Act: The Role of Diversification of Geographic Risk
By Victor Aguirregabiria; University of Toronto Robert Clark; HEC Montreal Hui Wang; University of Toronto
Presented by: C. Robert Clark, HEC Montreal
Abortions, Inequality and Intergenerational Mobility: A Quantitative Evaluation
By Georgi Kocharkov; Universidad Carlos III de Madrid
Presented by: Georgi Kocharkov, Universidad Carlos III de Madrid

Session 37: Plenary Talk by Robert Hall: Reconsidering the Basic Tenets of Macroeconomics in the Light of the Past Two Years
Date: July 8, 2010
Time: 18:00 - 19:00

Session 38: Macro and Microeconomic Aspects of Insurance and Development
Date: July 9, 2010
Time: 10:00 - 12:00
On the Optimal Distribution of Health Care Spending
JEL codes: I10,
By Laurence Ales; Carnegie Mellon Roozbeh Hosseini; ASU Larry E. Jones; UMN
Presented by: Larry Jones, University of Minnesota
Estimating Dynamic Contracts: Risk Sharing in Village Economies
By Sarolta Laczo; European University Institute
Presented by: Sarolta Laczo, Toulouse School of Economics and European University Institute
Consumption Smoothing and Marriage
By Marcos A. Rangel; Department of Economics, University of Sao Paulo - Brazil Manuela Angelucci; Department of Economics, UNiversity of Arizona - USA Giacomo De Giorgi; Department of Economics, Stanford University Imran Rasul; Department of Economics, University College London
Presented by: Marcos Rangel, University of Chicago
Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models
By Larry E. Jones; University of Minnesota Alice Schoonbroodt; University of Southampton
Presented by: Alice Schoonbroodt, University of Southampton

Session 39: Topics on Economic Development
Date: July 9, 2010
Time: 10:00 - 12:00
The Size Distribution of Farms and International Productivity Differences
JEL codes: O11, O14, O4
By Tasso Adamopoulos; York University Diego Restuccia; University of Toronto
Presented by: Tasso Adamopoulos, York University
Structural Transformation, Sector Technologies and the Marginal Product of Capital
By Berthold Herrendorf; Arizona State University Richard Rogerson; Arizona State University Akos Valentinyi; National Bank of Hungary
Presented by: Akos Valentinyi, National Bank of Hungary
Endowment Structure, Industrial Dynamics, and Economic Growth
By Jiandong Ju; Tsinghua University and University of Oklahoma Justin Yifu Lin; the World Bank Yong Wang; Hong Kong University of Science and Technology
Presented by: Yong Wang, Dept. of Economics
How Much of South Korea's Growth Miracle can be Explained by Trade Policy?
By Michelle Connolly; Duke University Kei-Mu Yi; Federal Reserve Bank of Philadelphia
Presented by: Kei-Mu Yi, Federal Reserve Bank of Philadelphia

Session 40: Financial Intermediation and the Macro-Economy
Date: July 9, 2010
Time: 10:00 - 12:00
Intermediary Asset Pricing
JEL codes: G12, G2, E44
By Zhiguo He; University of Chicago Arvind Krishnamurhty, Northwestern University
Presented by: Arvind Krishnamurthy, Northwestern University
Aggregate Risk and the Choice Between Cash and Lines of Credit
By Heitor Almeida; University of Illinois at Urbana Champaign Murillo Campello; University of Illinois at Urbana Champaign
Presented by: Viral Acharya, New York University
Size Anomalies in US Bank Stock Returns: Your Tax Dollars at Work?
By Priyank Gandhi Hanno Lustig
Presented by: Hanno Lustig, Anderson School of Business
Margin-Based Asset Pricing and Deviations from the Law of One Price
By Nicolae Garleanu; University of California at Berkeley, NBER, and CEPR Lasse H. Pedersen; New York University, NBER, and CEPR
Presented by: Lasse Pedersen, New York University

Session 41: Education and Public Policy
Date: July 9, 2010
Time: 10:00 - 12:00
The Effectiveness of Private Voucher Education: Evidence from Structural School Switches
By Bernardo Lara; University of Chile Alejandra Mizala; University of Chile Andrea Repetto; Universidad Adolfo Ibanez
Presented by: Andrea Repetto, Universidad Adolfo Ibañez
Information Asymmetry and Equilibrium Monitoring in Education
By Maria Marta Ferreyra; Carnegie Mellon University Pierre Liang; Carnegie Mellon University
Presented by: Maria Ferreyra, Carnegie Mellon University
Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation
By Dirk Krueger; University of Pennsylvania Alexander Ludwig; University of Cologne
Presented by: Alexander Ludwig, CMR, University of Cologne

Session 42: International Finance: Exchange Rates and Asset Pricing
Date: July 9, 2010
Time: 10:00 - 12:00
Risk Appetite and Exchange Rates
JEL codes: F30,F31,G12,G24
By Tobias Adrian; Federal Reserve Bank of New York Erkko Etula; Federal Reserve Bank of New York Hyun Song Shin; Princeton University
Presented by: Erkko Etula, Federal Reserve Bank of New York
Sovereign Risk Premia
By Nicola Borri; LUISS University Adrien Verdelhan; MIT Sloan
Presented by: Nicola Borri, LUISS University
Crash Risk in Currency Market
By Emmanuel Farhi (Harvard) Samuel Fraiberg (NYU) Xavier Gabaix (NYU Stern) Romain Ranciere (IMF and PSE) Adrien Verdehlha (MIT Sloan)
Presented by: Romain Ranciere, IMF
Investor Overconfidence and the Forward Discount Puzzle
By Bing Han; University of Texas at Austin David Hirshleifer; University of California at Irvine Tracy Yue Wang; University of Minnesota
Presented by: Craig Burnside, Duke University

Session 43: CEO Compensation and Principal-Agent Contracting
Date: July 9, 2010
Time: 10:00 - 12:00
CEO Turnover in a Competitive Assignment Framework
JEL codes: G30, J00, E0
By Andrea L. Eisfeldt; Northwestern University Camelia M. Kuhnen; Northwestern University
Presented by: Andrea Eisfeldt, Northwestern University
CEO Pay and CEO Power: Evidence from a Dynamic Learning Model
By Lucian A. Taylor; University of Pennsylvania Wharton School
Presented by: Lucian Taylor, University of Pennsylvania
Tractability in Incentive Contracting
By Alex Edmans; Penn Xavier Gabaix; NYU
Presented by: Xavier Gabaix, New York University
Optimal Effort in Multi-Year Contracts: An Empirical Analysis
By Harry J. Paarsch; University of Melbourne Elena Pastorino; University of Iowa John L. Solow; University of Iowa
Presented by: Harry Paarsch,

Session 44: Contracts and Asymmetric Information
Date: July 9, 2010
Time: 10:00 - 12:00
Efficient Auditing and Enforcement in Dynamic Contracts
By Jonathan Pogach; University of Pennsylvania
Presented by: Jonathan Pogach, University of Pennsylvania
Paying for not Buying: Incentive Contracts with Endogenous Information Acquisition
By Hector Chade; Arizona State University Natalia Kovrijnykh; Arizona State University
Presented by: Natalia Kovrijnykh, Arizona State University
Rewarding Trading Skills Without Inducing Gambling
By Igor Makarov; London Business School Guillaume Plantin; Toulouse School of Economics
Presented by: Igor Makarov, London Business School
Rhetoric in Legislative Bargaining with Asymmetric Information
By Ying Chen; Arizona State University Hulya Eraslan; Johns Hopkins University
Presented by: Ying Chen, Arizona State University

Session 45: Financial Frictions and Monetary Policy
Date: July 9, 2010
Time: 10:00 - 12:00
The Credit Spread Cycle with Matching Friction
JEL codes: C78 ; E32 ; E44
By Kevin E. Beaubrun-Diant; University Paris Dauphine Fabien Tripier; University of Nantes
Presented by: Fabien Tripier, University of Nantes
Endogenous Liquidity and the Business Cycle
By Saki Bigio New York University
Presented by: Saki Bigio, New York University
COLLATERAL SHORTAGES, ASSET PRICE AND INVESTMENT VOLATILITY WITH HETEROGENEOUS BELIEFS
By Dan Vu Cao, MIT
Presented by: Dan Cao, Massachusetts Institute of Technology
Relationship Lending and the Transmission of Monetary Policy
By Kinda Hachem; University of Toronto
Presented by: Kinda Hachem, University of Toronto

Session 46: Housing Booms and Mortgage Defaults
Date: July 9, 2010
Time: 10:00 - 12:00
Recourse and mortgage defaults
By Juan Carlos Hatchondo; Richmond Fed Leonardo Martinez; Richmond Fed and IMF Juan M. Sanchez; Richmond Fed
Presented by: Juan Sanchez, Federal Reserve Bank of Richmond
Recourse and Residential Mortgage Default: Theory and Evidence from U.S. States
By Andra Ghent; Baruch College Marianna Kudlyak; Federal Reserve Bank of Richmond
Presented by: Marianna Kudlyak, Federal Reserve Bank of Richmond
Housing Demand during the Boom: The Role of Expectations and Credit Constraints
By Tim Landvoigt; Stanford University
Presented by: Tim Landvoigt, Stanford University
Housing Boom and Bust Cycles
By Carlos Garriga; Federal Reserve Bank of St. Louis Robert F. Martin; Board of Governors Don Schlagenhauf; Florida State University
Presented by: Carlos Garriga, Federal Reserve Bank of St. Louis

Session 47: Multilateral Search
Date: July 9, 2010
Time: 10:00 - 12:00
Applications and Interviews: A Structural Analysis of Two-Sided Simultaneous Search
JEL codes: J64, J31
By Ronald Wolthoff; University of Chicago
Presented by: Ronald Wolthoff, University of Chicago
Business Cycles and Labor Market Flows with Sequential Screening
By Federico Ravenna: HEC Montreal and UC Santa Cruz Carl E. Walsh: UC Santa Cruz
Presented by: Federico Ravenna, HEC Montreal
Wage Dispersion and Recruiting Selection
By Benjamin Villena-Roldan; University of Chile
Presented by: Benjamin Villena-Roldan, University of Chile
Search with Multilateral Bargaining
By Matthew Elliott; Stanford University
Presented by: Matthew Elliott, Stanford University

Session 48: Fiscal Policy
Date: July 9, 2010
Time: 10:00 - 12:00
Public Debt and Inflation Incentives
JEL codes: E63, E52
By Michael Krause; Deutsche Bundesbank Stephane Moyen; Deutsche Bundesbank
Presented by: Michael Krause, Deutsche Bundesbank
Interest rate risk and other determinants of post WWII U.S. government debt/GDP dynamics
By George J. Hall; Brandeis University Thomas J. Sargent; New York University
Presented by: George Hall, Brandeis University
Shocks, Time-to-Train, and optimal government spending
By Rodolfo E. Manuelli; Department of Economics; Washington University in St. Louis Adrian Peralta-Alva; Research Division; Federal Reserve Bank of Saint Louis
Presented by: Adrian Peralta-Alva, Federal Reserve Bank of St. Louis
Optimal Fiscal Policy in the Neoclassical Growth Model Revisited
[slides]
By Martin Gervais; University of Southampton Alessandro Mennuni; EUI
Presented by: Martin Gervais, University of Southampton

Session 49: Empirical Methods in Industrial Organization
Date: July 9, 2010
Time: 10:00 - 12:00
An Estimable Demand System for a Large Auction Platform Market
By Matthew Backus; University of Michigan Gregory Lewis; Harvard University
Presented by: Gregory Lewis, Harvard University
Are Consumers Affected by Durable Goods Makers’ Financial Distress? The Case of Auto Manufacturers
By Ali Hortacsu; University of Chicago Gregor Matvos; University of Chicago Booth School of Business Chad Syverson; University of Chicago Booth School of Business Sriram Venkataraman; Goizueta Business School, Emory University
Presented by: Ali Hortacsu, University of Chicago
Inference with Imperfect Randomization: The Case of the Perry Preschool Program
By James Heckman; University of Chicago Rodrigo Pinto; University of Chicago Azeem Shaikh; University of Chicago Adam Yavitz; University of Chicago
Presented by: Azeem Shaikh, University of Chicago
Liquidity Provision, Liquidity Demand and Default Risk in Canada during the Subprime Crisis
By Jason Allen; Bank of Canada Ali Hortacsu; University of Chicago Jakub Kastl; Stanford University
Presented by: Jakub Kastl, Stanford University

Session 50: Optimal Fiscal Policy
Date: July 9, 2010
Time: 13:15 - 15:15
Optimal Dynamic Taxes
By Mikhail Golosov; Yale University, NES Maxim Troshkin; University of Minnesota, Federal Reserve Bank of Minneapolis Aleh Tsyvinski; Yale University, NES
Presented by: Maxim Troshkin, University of Minnesota
Insurance and Taxation over the Life Cycle
By Emmanuel Farhi; Harvard Ivan Werning; MIT
Presented by: Ivan Werning, Massachusetts Institute of Technology
Risk Sharing, Inequality, and Fertility
By Roozbeh Hosseini; Arizona State University Larry E. Jones; University of Minnesota Ali Shourideh; University of Minnesota
Presented by: Roozbeh Hosseini, Arizona State University
Optimal Sovereign Lending
By Laurence Ales; Tepper School of Business -Carnegie Mellon University Pricila Maziero; The Wharton School of the University of Pennsylvania
Presented by: Pricila Maziero, University of Pennsylvania

Session 51: Financial Intermediation and Firms
Date: July 9, 2010
Time: 13:15 - 15:15
No Bank, One Bank, Several Banks: Does It Matter for Investment?
By Alexander Karaivanov; Simon Fraser University Sonia Ruano; Bank of Spain Jesus Saurina; Bank of Spain Robert M. Townsend; MIT
Presented by: Alexander Karaivanov, Simon Fraser University
Credit Constraints, Firms' Precautionary Investment, and the Business Cycle
By Ander Perez; Universitat Pompeu Fabra
Presented by: Ander Perez, Universitat Pompeu Fabra
Re-examining the role of financial constraints in business cycles: is something wrong with the credit multiplier?
By Virginia Olivella; UCLA Jessica Roldan Pena; UCLA
Presented by: Virginia Olivella, UCLA
Financial Intermediary Capital
By Adriano A. Rampini; Duke University S. Viswanathan; Duke University
Presented by: Adriano Rampini, Duke University

Session 52: Fertility: An Historical Perspective
Date: July 9, 2010
Time: 13:15 - 15:15
Maternal Health and the Baby Boom
JEL codes: J11,J13,J24,N12
By Stefania Albanesi, Columbia University Claudia Olivetti, Boston University
Presented by: Stefania Albanesi, Columbia
How the West 'Invented' Fertility Restriction
By Nico Voigtlaender; UCLA Hans-Joachim Voth; UPF and CREI
Presented by: Nico Voigtlaender, UCLA
Women's Rights and Development
By Raquel Fernandez; NYU
Presented by: Raquel Fernández, New York University
Large Shocks and Small Changes in the Marriage Market for Famine Born Cohorts in China
[slides]
By Loren Brandt; University of Toronto Aloysius Siow; University of Toronto Carl Vogel; NERA
Presented by: Aloysius Siow, University of Toronto

Session 53: Markov-Switching DSGE Models
Date: July 9, 2010
Time: 13:15 - 15:15
A nonlinear DSGE model of the term structure with regime shifts
JEL codes: E43; G12
By Gianni Amisano; European Central Bank Oreste Tristani; European Central Bank
Presented by: Oreste Tristani, ECB
Perturbation Methods for Markov-Switching Models
By Andrew T. Foerster; Duke University Juan F. Rubio-Ramirez; Duke U and FRB Atlanta Daniel F. Waggoner; FRB Atlanta Tao Zha; FRB Atlanta
Presented by: Andrew Foerster, Duke University
Inflation and the Fiscal Limit
By Troy Davig (Federal Reserve Bank of Kansas City) Eric Leeper (Indiana University) Todd Walker (Indiana University)
Presented by: Troy Davig, Federal Reserve Bank of Kansas City
Monetary/Fiscal Mix and Agents' Beliefs
By Francesco Bianchi; Duke University
Presented by: Francesco Bianchi, Duke University

Session 54: Information and Mechanism Design
Date: July 9, 2010
Time: 13:15 - 15:15
Selling information
JEL codes: C72,D82,D83
By Johannes Horner; Yale University Andrzej Skrzypacz; Stanford GSB
Presented by: Johannes Horner, Yale University
Dynamic Incentive Accounts
By Alex Edmans, Wharton Xavier Gabaix, NYU Tomasz Sadzik, NYU Yuliy Sannikov, Princeton
Presented by: Yuliy Sannikov, Princeton University
Quality Investments in the 11th Hour
By Simon Board; UCLA Moritz Meyer-ter-Vehn; UCLA
Presented by: Moritz Meyer-ter-Vehn, UCLA
Optimal Interventions in Markets with Adverse Selection
By Thomas Philippon, NYU Stern Vasiliki Skreta, NYU Stern
Presented by: Vasiliki Skreta, New York University, Stern School of Bus

Session 55: Inflation Determination
Date: July 9, 2010
Time: 13:15 - 15:15
Unemployment in an Estimated New Keynesian Model
By Jordi Gali (CREI, UPF and Barcelona GSE); Frank Smets (ECB); Raf Wouters (National Benk of Belgium)
Presented by: Jordi Gali, CREI
Involuntary Unemployment and the Business Cycle
By Lawrence J. Christiano (Northwestern University) Mathias Trabandt (ECB and Riksbank) Karl Walentin (Riksbank)
Presented by: Lawrence Christiano, Northwestern University
Modeling the influence of fiscal policy on inflation
By Christopher Sims; Princeton University
Presented by: Christopher Sims, Princeton University
Output gaps
[slides]
By Michael Kiley; Federal Reserve Board
Presented by: Michael Kiley, Federal Reserve Board

Session 56: Labor Search with Multi-Worker Firms
Date: July 9, 2010
Time: 13:15 - 15:15
Dynamic Monopsonistic Competition and Labor Market Equilibrium
By Dale T. Mortensen; Northwestern University
Presented by: Dale Mortensen, Northwestern University
Competitive on-the-job search
By Espen Rasumus Moen, Norwegian School of Management Pietro Garibaldi, Collegio Carlos Alberto
Presented by: Espen Moen, Norwegian School of Management (BI)
Equilibrium Unemployment in a Generalized Search Model
By Daron Acemoglu; Massachusetts Institute of Technology William Hawkins; University of Rochester
Presented by: William Hawkins, University of Rochester
Efficient Firm Dynamics in a Frictional Labor Market
By Leo Kaas; University of Konstanz Philipp Kircher; University of Oxford and University of Pennsylvania
Presented by: Philipp Kircher, University of Pennsylvania

Session 57: Housing and the Macro Economy
Date: July 9, 2010
Time: 13:15 - 15:15
Asset Pricing and Housing Supply in a Production Economy
JEL codes: G10, E30, R31
By Ivan Jaccard; European Central Bank
Presented by: Ivan Jaccard, European Central Bank
The Macroeconomic E¤ects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
By Jack Favilukis, London School of Economics Sydney Ludvigson, New York University Stijn Van Nieuwerburgh, New York University
Presented by: Stijn Van Nieuwerburgh, NYU Stern School of Business
The Housing Market(s) of San Diego
By Tim Landvoigt; Stanford Monika Piazzesi; Stanford Martin Schneider; Stanford
Presented by: Monika Piazzesi, Stanford University
Risk Shocks and Housing Markets
By Victor Dorofeenko: IHS, Vienna Gabriel S. Lee: University of Regensburg, IHS Vienna Kevin D. Salyer: University of California, Davis
Presented by: Gabriel Lee, public

Session 58: Issues in Applied International Macroeconomic and Finance
Date: July 9, 2010
Time: 13:15 - 15:15
Foreign Lenders in Emerging Economies
JEL codes: E44; F34
By Matteo Iacoviello; Boston College Raoul Minetti; Michigan State University
Presented by: Raoul Minetti, Michigan State University
Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real Rigidities
By Carlos de Resende Ali Dib Maral Kichian ; Bank of Canada
Presented by: Carlos de Resende, Bank of Canada
Financial Frictions, Financial Integration and the International Propagation of Shocks
By Luca Dedola; European Central Bank and CEPR Giovanni Lombardo; European Central Bank
Presented by: Luca Dedola, European Central Bank
International Currency Portfolios
By Michael Kumhof, International Monetary Fund
Presented by: Michael Kumhof, International Monetary Fund

Session 59: Corporate Finance and Valuation
Date: July 9, 2010
Time: 13:15 - 15:15
Valuation and the Volatility of Investment
JEL codes: E44, G01, E22
By Michael Fishman; Northwestern University Jonathan A. Parker; Northwestern University
Presented by: Jonathan Parker, Northwestern University
Asset Returns with Earnings Management
[slides]
By Bo Sun; Federal Reserve Board
Presented by: Bo Sun, Federal Reserve Board of Governors
A unified theory of Tobin's q, corporate investment, financing, and risk management
By Patrick Bolton, Columbia, CEPR, NBER Hui Chen, MIT Neng Wang, Columbia, NBER, and SOF, SHUFE
Presented by: Neng Wang, Columbia Business School
The Social Cost of Near-Rational Investment
By Tarek A. Hassan; Chicago Booth School of Business Thomas M. Mertens; NYU Stern School of Business
Presented by: Thomas Mertens, New York University

Session 60: Inequality and Labor Market Frictions
Date: July 9, 2010
Time: 13:15 - 15:15
Cross-Sectional and Lifetime Inequality: Estimates from a Household Search Model
JEL codes: J64; D63; C63
By Luca Flabbi; Georgetown University James Mabli; Mathematica Policy Research
Presented by: Luca Flabbi, Georgetown University
Wage Growth over the Business Cycle: Contractual versus Spot Markets
By Andriana Bellou; Universite de Montreal Baris Kaymak; Universite de Montreal
Presented by: Baris Kaymak, Universite de Montreal
Wage Risk, On-the-job Search and Partial Insurance
By Kai Liu; Johns Hopkins University
Presented by: Kai Liu, Johns Hopkins University
Informational Frictions and the Life-Cycle Dynamics of Job Mobility
By Georg Duernecker; University of Mannheim
Presented by: Georg Duernecker, University of Mannheim

Session 61: Growth and Development
Date: July 9, 2010
Time: 13:15 - 15:15
Which countries receive aid as insurance and why? A theory of optimal aid policy
JEL codes: O11, D60, D82,
By Ryan N. Banerjee; University of Maryland
Presented by: Ryan Banerjee, University of Maryland, College Park
Nature versus Nurture in Longevity
By Avi Simhon, The Hebrew University Saul Lach, The Hebrew University and CEPR
Presented by: Avi Simhon, The Hebrew University of Jerusalem
Entry Costs, Industry Structure, and Cross-Country Income and TFP Differences
By Levon Barseghyan; Cornell University Riccardo DiCecio; FRB of St. Louis
Presented by: Levon Barseghyan, Cornell University
Experience vs. Obsolescence: A Vintage-Human-Capital Model
By Matthias Kredler; Universidad Carlos III Madrid
Presented by: Matthias Kredler, Universidad Carlos III Madrid

Session 62: Intra-firm and Inter-firm Workers' Reallocation
Session JEL code: J2
Date: July 9, 2010
Time: 15:45 - 17:45
Large Firms and Internal Labor Markets
JEL codes: J24, J31
By Theodore Papageorgiou; Penn State University
Presented by: Theodore Papageorgiou, Penn State University
The Impact of Aggregate and Sectoral Fluctuations on Training Decisions
By Vincenzo Caponi; Ryerson University Cevat Burc Kayahan; Acadia University Miana Plesca; University of Guelph
Presented by: Miana Plesca, University of Guelph
Estimating Labor Market Rigidities with Heterogeneous Firms
By Nicolas Roys
Presented by: Nicolas Roys, Paris School of Economics and CeMMAP
Joint Determination of Product and Labor Market Policies in a Model of Rent Creation and Division
By Alain Delacroix; Université du Québec à Montréal. Roberto M. Samaniego; George Washington University
Presented by: Alain Delacroix, UQAM

Session 63: Financial Risk and Financial Integration
Date: July 9, 2010
Time: 15:45 - 17:45
Deep Financial Integration and Volatility
By Sebnem Kalemli-Ozcan； University of Houston Bent E. Sørensen； University of Houston Vadym Volosovych； Florida Atlantic University
Presented by: Sebnem Kalemli-Ozcan, University of Houston
Risk Matters: The Real Effects of Volatility Shocks
By Jesus Fernandez-Villaverde, University of Pennsylvania; Pablo Guerron, North Carolina State University; Juan Rubio-Ramirez, Duke University; Martin Uribe, Columbia University
Presented by: Martin Uribe, Columbia University
US External Returns and the Exorbitant Duty
By P.O. Gourinchas, UC-Berkely; Nicolas Govillot; Helene Rey, London Business School
Presented by: Helene Rey, London Business School
Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis
By Emine Boz; IMF Enrique Mendoza; University of Maryland and NBER
Presented by: Emine Boz, International Monetary Fund

Session 64: Quantitative Analysis of the Transition to Growth
Date: July 9, 2010
Time: 15:45 - 17:45
Malthus in Sweden
JEL codes: 016;Q56
By Nils-Petter Lagerlöf; York University
Presented by: Nils-Petter Lagerlöf, York University
The Evolution of Markets and the Revolution of Industry: a unified theory of growth
By Stephen L. Parente; University of Illinois Klaus Desmet; Universidad Carlos III
Presented by: Stephen Parente, University of Illinois
The Role of Mortality in the Transmission of Knowledge
By Michael Bar; San Francisco State University Oksana Leukhina; University of North Carolina - Chapel Hill
Presented by: Oksana Leukhina, UNC - Chapel Hill
A Model of the Transition to Growth
By B. Ravikumar, University of Iowa Guillaume Vandenbroucke, University of Iowa Mike Waugh, NYU
Presented by: Guillaume Vandenbroucke, University of Iowa

Session 65: Financial Markets and Corporate Finance
Date: July 9, 2010
Time: 15:45 - 17:45
Trading Frenzies and Their Impact on Real Investment
By Itay Goldstein; Wharton School, University of Pennsylvania Emre Ozdenoren; London Business School Kathy Yuan; London School of Economics
Presented by: Itay Goldstein, University of Pennsylvania
Rollover Risk and Credit Risk
By Zhiguo He, University of Chicago Wei Xiong, Princeton University
Presented by: Zhiguo He, University of Chicago, Booth School of B
Information Aggregation and Investment Decisions
By Elias Albagli; Harvard University Christian Hellwig; UCLA Aleh Tsyvinski; Yale University
Presented by: Elias Albagli, Harvard University
Bear Raids and Short Sale Bans: Is Government Intervention Justifiable?
By Naveen Khanna; Michigan State University Richmond Mathews; Duke University
Presented by: Richmond Mathews, Duke University

Session 66: Estimation of DSGE Models: Theory and Applications
Date: July 9, 2010
Time: 15:45 - 17:45
Financial Frictions, Aggregation, and the Lucas Critique
[slides]
JEL codes: e3, e6
By Yongsung Chang; U of Rochester and Yonsei Sun-Bin Kim; Yonsei University Frank Schorfheide; U of Pennsyvania
Presented by: Yongsung Chang, University of Rochester / Yonsei Univers
Numerical Performance of MCMC Algorithms for Classical Estimation
By Anna Kormilitsina; Southern Methodist University Denis Nekipelov; University of California, Berkeley
Presented by: Anna Kormilitsina, Southern Methodist University
Evaluating Interest Rate Rules in an Estimated DSGE Model
By Vasco Curdia; Federal Reserve Bank of New York Andrea Ferrero; Federal Reserve Bank of New York Andrea Tambalotti; Federal Reserve Bank of New York
Presented by: Andrea Ferrero, Federal Reserve Bank of New York
Fortune or Virtue: Time Variant Volatilities versus Parameter Drifting in U.S. Data
By Pablo A. Guerron-Quintana; Philadelphia Federal Reserve Bank Jesus Fernandez-Villaverde; University of Pennsylvania Juan Rubio-Ramirez; Duke University
Presented by: Pablo Guerron-Quintana, Federal Reserve Bank Philadelphia

Session 67: Labor Markets and Income Fluctuations
Date: July 9, 2010
Time: 15:45 - 17:45
Idiosyncratic Income Risk Estimated From IRS Administrative Wage Data
By Fatih Guvenen; University of Minnesota Bradley Heim; US Department of Treasury Vasia Panousi, Federal Reserve Board Ivan Vidangos; Federal Reserve Board Giovanni Violante; New York University
Presented by: Fatih Guvenen, University of Minnesota
Directed Search over the Life Cycle
By Guido Menzio; University of Pennsylvania Irina A. Telyukova; U.C. San Diego Ludo Visschers; Simon Fraser University
Presented by: Irina Telyukova, University of California San Diego
Redistributive Taxation in a Partial-Insurance Economy
By Jonathan Heathcote; Federal Reserve Bank of Minneapolis Kjetil Storesletten; Federal Reserve Bank of Minneapolis Giovanni L. Violante; New York University
Presented by: Gianluca Violante, New York University
Wage and Productivity Dispersion: Labor Quality or Rent Sharing?
By Jesper Bagger; Royal Holloway, University of London Bent Jesper Christensen; Aarhus University Dale T. Mortensen; Northwestern University
Presented by: Jesper Bagger, public

Session 68: Evolving Household Structure, Female Labor Supply and Inequality
Date: July 9, 2010
Time: 15:45 - 17:45
Dynamic Female Labor Supply
JEL codes: E24, J2, J3
By Zvi Eckstein; Bank of Israel and Tel Aviv University Osnat Lifshitz: Tel Aviv - Jaffa College
Presented by: Zvi Eckstein, Tel Aviv University
Testing Efficient Risk Sharing with Heterogeneous Risk Preferences
By Maurizio Mazzocco, UCLA Shiv Saini, Cornerstone Research
Presented by: Maurizio Mazzocco, UCLA
Propose with a Rose? Signaling in Internet Dating Markets
By Soohyung Lee; Department of Economics, University of Maryland, College Park Muriele Niederle; Department of Economics, Stanford University Hye-Rim Kim and Woo-Keum Kim; Korea Marriage Culture Institute
Presented by: Soohyung Lee, University of Maryland
Evolution of Gender Differences in Education, College Majors, Labor Supply, and Earnings: A General Equilibrium Model
By Ahu Gemici; New York University Matt Wiswall; New York University
Presented by: Ahu Gemici, New York University

Session 69: Optimal Taxation and Welfare
Date: July 9, 2010
Time: 15:45 - 17:45
Fraud Deterrence in Dynamic Mirrleesian Economies
JEL codes: E60, E62
By Roc Armenter; FRB Philadelphia Thomas Mertens; NYU Stern
Presented by: Roc Armenter, Federal Reserve Bank of Philadelphia
The Private Memory of Aggregate Shocks
By Carlos E. da Costa; Fundação Getulio Vargas Vitor F. Luz; Yale University
Presented by: Carlos da Costa, Getulio Vargas Foundation
Political ideology as a source of business cycles
By Marina Azzimonti (UT Austin and UPenn);
Presented by: Marina Azzimonti Renzo, University of Texas - Austin
Preference Heterogeneity and Optimal Capital Income Taxation
By Mikhail Golosov; Yale Aleh Tsyvinski; Yale Matthew Weinzierl; Harvard Business School
Presented by: Matthew Weinzierl, Harvard Business School

Session 70: Learning in Repeated Environments
Date: July 9, 2010
Time: 15:45 - 17:45
Learning and Discovery
JEL codes: D8
By Boyan Jovanovic; New York University
Presented by: Boyan Jovanovic, New York University
Coordination of Expectations and the Informational Role of Policy
By Yang K. Lu; European University Institute and Hong Kong UST Ernesto Pasten; Toulouse School of Economics
Presented by: Ernesto Pasten, Toulouse School of Economics
Aggregate uncertainty and learning in a search model
By Stephan Lauermann, Univ. of Michigan Wolfram Merzyn, Bahn AG Gabor Virag, Univ. of Rochester
Presented by: Gabor Virag, University of Rochester
Assortative Learning
By Jan Eeckhout; UPF and UPenn Xi Weng; UPenn
Presented by: Jan Eeckhout, University of Pennsylvania

Session 71: Financial Frictions, Monetary Policy and Macroeconomic Fluctuations
Date: July 9, 2010
Time: 15:45 - 17:45
Two Monetary Tools: Interest-Rates and Haircuts
JEL codes: E44; E52; G01
By Adam B. Ashcraft; Federal Reserve Bank of New York Nicolae B. Garleanu; University of California, Berkeley Lasse Heje Pedersen; New York University
Presented by: Nicolae Garleanu, University of California, Berkeley
Bailouts, Time Inconsistency, and Optimal Regulation
By V.V. Chari: University of Minnesota and the Federal Reserve Bank of Minneapolis Patrick Kehoe: Princeton University and the Federal Reserve Bank of Minneapois
Presented by: Patrick Kehoe, Federal Reserve Bank of Minneapolis
A Macroeconomic Model with a Financial Sector
By Markus K. Brunnermeier Yuliy Sannikov Princeton University
Presented by: Markus Brunnermeier, Princeton University
Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
By Emmanuel Farhi: Harvard Jean Tirole: Toulouse School of Economics
Presented by: Emmanuel Farhi, Harvard University

Session 72: Housing
Date: July 9, 2010
Time: 15:45 - 17:45
Financial Business Cycles
JEL codes: E32, E44, E47
By Matteo Iacoviello; Federal Reserve Board
Presented by: Matteo Iacoviello, Federal Reserve Board
Macroeconomic Implications of Agglomeration
By Morris A. Davis; University of Wisconsin Jonas D.M. Fisher; Chicago Fed Toni M. Whited; University of Rochester
Presented by: Morris Davis, University of Wisconsin-Madison, School
Expectation-Driven Cycles in the Housing Market
By Luisa Lambertini, EPFL Caterina Mendicino, Banco de Portugal Maria Teresa Punzi, Universidad de Alicante
Presented by: Caterina Mendicino, Bank of Canada
High and Low Activity Spells in Housing and Labor Markets
By Eric Smith; University of Essex
Presented by: Eric Smith, University of Essex

Session 73: Business Cycles and Banking
Date: July 9, 2010
Time: 15:45 - 17:45
Liquidity and bank capital requirements
JEL codes: G21, E44, D82
By Hajime Tomura, Bank of Canada
Presented by: Hajime Tomura, Bank of Canada
Negative Correlation between Stock and Futures Returns: An Unexploited Hedging Opportunity?
By Parantap Basu; University of Durham William T. Gavin; Federal Reserve Bank of St. Louis
Presented by: William Gavin, Federal Reserve Bank of St. louis
Monetary policy, inflation and unemployment. In Defense of the Federal Reserve
By Nicolas Groshenny; Reserve Bank of New Zealand
Presented by: Nicolas Groshenny, Reserve Bank of New Zealand
Standing Facilities Versus Open Market Operations: Equivalence Results
By Aleksander Berentsen; University of Basel Alessandro Marchesiani; University of Minho
Presented by: Aleksander Berentsen, University of Basel

Session 74: Plenary Talk by Susan Athey: Dynamic Games and Mechanisms
Date: July 9, 2010
Time: 18:00 - 19:00

Session 75: Business Cycles
Date: July 10, 2010
Time: 10:00 - 12:00
Payroll Taxes, Social Insurance and Business Cycles
JEL codes: E24, J64, E32
By Michael Burda; Humboldt University Berlin Mark Weder; University of Adelaide
Presented by: Mark Weder, The University of Adelaide
Banks and International Business Cycles
By Robert Kollmann ECARES, Universite Libre de Bruxelles, and CEPR Werner Roeger DG ECFIN, European Commission
Presented by: Robert Kollmann, Université Libre de Bruxelles
Entry, Trade Costs and International Business Cycles
By Roberto Fattal-Jaef; UCLA Jose Ignacio Lopez; UCLA
Presented by: Jose Lopez, UCLA
News Shocks and Costly Technology Adoption
By Yi-Chan Tsai; The Ohio State University
Presented by: Yi-Chan Tsai, The Ohio State University

Session 76: Political Economy of Fiscal Policy
Date: July 10, 2010
Time: 10:00 - 12:00
Ageing, Government Budgets, Retirement, and Growth
JEL codes: E62; H5; J26
By Martin Gonzalez-Eiras; Universidad de San Andres, Argentina Dirk Niepelt; Study Center Gerzensee, U of Bern, IIES Stockholm
Presented by: Dirk Niepelt, Study Center Gerzensee
Government Purchases Over the Business Cycle: the Role of Heterogeneity and Wealth Bias in Political Decision Making
By Ruediger Bachmann; University of Michigan Jinhui H. Bai;Georgetown University
Presented by: Jinhui Bai, Georgetown University
On the Relationship between Mobility, Population Growth, and Capital Spending in the United States
By Marco Bassetto; Federal Reserve Bank of Chicago Leslie McGranahan; Federal Reserve Bank of Chicago
Presented by: Marco Bassetto, Federal Reserve Bank of Chicago
Do re-election probabilities influence public investment?
By Gisle James Natvik, Norges Bank Jon Fiva, Universitetet i Oslo
Presented by: Gisle Natvik, Norges Bank

Session 77: Heterogeneity in the Labor Market and the Macroeconomy
Date: July 10, 2010
Time: 10:00 - 12:00
The Dynamic Effects of Aggregate Demand and Supply Disturbances in Models with Heterogeneous Inputs
By Luigi Bocola, University of Pennsylvania Marcus Hagedorn, University of Zurich Iourii Manovskii, University of Pennsylvania
Presented by: Marcus Hagedorn, University of Zurich
Why Does Labor Supply Vary across Countries? The Role of Taxation, Social Security, and Health Care Institutions
By Andres Erosa; IMDEA Luisa Fuster; IMDEA Gueorgui Kambourov; University of Toronto
Presented by: Gueorgui Kambourov, University of Toronto
Inequality and the Lifecycle
By Greg Kaplan; Federal Reserve Bank of Minneapolis and University of Pennsylvania
Presented by: Greg Kaplan, Federal Reserve Bank of Minneapolis
Taxation and the Household
By ICREA, Universitat Autonoma de Barcelona and Barcelona-GSE. Remzi Kaygusuz (Sabanci University) Gustavo Ventura (University of Iowa)
Presented by: Gustavo Ventura, University of Iowa

Session 78: Export Dynamics and Macro Shocks
Date: July 10, 2010
Time: 10:00 - 12:00
Export Dynamics in Large Devaluations
By George Alessandria, Federal Reserve Bank of Philadelphia; Sangeeta Pratap, CUNY-Hunter College; Vivian Yue, New York University
Presented by: Vivian Yue, New York University
Sequential Exporting
By Facundo Albornoz; University of Birmingham, UK Hector Calvo; University of Southampton, UK Gregory Corcos; NHH, Norway Emanuel Ornelas; London School of Economics, UK
Presented by: Gregory Corcos, NHH - Norwegian School of Economics
Challenges of Exporting Differentiated Products to Developed Countries: The Case of SME-dominated Sectors in a Semi-
By Alejandro Artopoulos; Universidad de San Andres Daniel Friel; Universidad de San Andres Juan Carlos Hallak; Universidad de San Andres
Presented by: Juan Carlos Hallak, Universidad de San Andres
Exporters and Exchange Rates
By Doireann Fitzgerald; Stanford University Stefanie Haller; ESRI
Presented by: Doireann Fitzgerald,

Session 79: Family Macro
Date: July 10, 2010
Time: 10:00 - 12:00
On Population Structure and Marriage Dynamics
JEL codes: J12, D83
By Eugenio P. Giolito;Universidad Carlos III de Madrid
Presented by: Eugenio Giolito, Universidad Carlos III de Madrid
Child Labor and Aggregate Fluctuations
By Alice Fabre; Université de la Mediterranee France Stéphane Pallage; Université du Quebec à Montréal, Canada
Presented by: Alice FABRE, DEFI
Secular Fertility Declines, Baby Booms and Economic Growth: International Evidence
By Robert Tamura; Clemson University & Atlanta FRB Curtis Simon; Clemson University
Presented by: Robert Tamura, Clemson University
What Accounts for the Increase in the Number of Single Households?
By Ferdinando Regalia; IADB Jose-Victor Rios-Rull; University of Minnesota, Minneapolis FED, CAERP, CEPR, NBER Jacob Short; University of Minnesota
Presented by: Jacob Short, University of Minnesota

Session 80: Procyclicality and Macroprudential Policy
Date: July 10, 2010
Time: 10:00 - 12:00
Financial Intermediation, Asset Prices, and Macroeconomic Dynamics
JEL codes: G10, G12
By Tobias Adrian; Federal Reserve Bank of New York Emanuel Moench; Federal Reserve Bank of New York Hyun Song Shin; Princeton University
Presented by: Tobias Adrian, Federal Reserve Bank of New York
Bank Leverage Regulation and Macroeconomic Dynamics
By Ian Christensen; Bank of Canada Cesaire A. Meh; Bank of Canada Kevin Moran; Universite Laval
Presented by: Cesaire Meh, Bank of Canada
A Quantitative Model of Banking Industry Dynamics
By Pablo D'Erasmo; University of Maryland Dean Corbae; University of Texas
Presented by: Pablo D'Erasmo, University of Maryland, College Park
Fire Sales in a Model of Complexity
By Ricardo Caballero; MIT Alp Simsek; MIT
Presented by: Alp Simsek, MIT

Session 81: Topics in Fiscal Policy
Date: July 10, 2010
Time: 10:00 - 12:00
Quantifying the Welfare Gains From Flexible Dynamic Income Tax Systems
JEL codes: H21
By Kenichi Fukushima; University of Minnesota and FRB Minneapolis
Presented by: Kenichi Fukushima, University of Minnesota
Toward an Efficiency Rationale for the Public Provision of Private Goods
By Hanming Fang; Upenn Peter Norman; UNC Chapel Hill
Presented by: Peter Norman, University of North Carolina at Chapel H
Taxing Capital is Not a Bad Idea Indeed: The Role of Human Capital and Labor-Market Frictions
By Ping Wang, Washington University in St. Louis/NBER Been-Lon Chen, Academia Sinica Hung-Ju Chen, National Taiwan University
Presented by: Ping Wang, Washington University
Optimal Fiscal Policy with Endogenous Product Variety
By Sanjay K. Chugh; University of Maryland Fabio Ghironi; Boston College
Presented by: Sanjay Chugh, University of Maryland

Session 82: International Finance: International Portfolio Choice and Asset Pricing
Date: July 10, 2010
Time: 10:00 - 12:00
International Asset Pricing with Risk-Sensitive Rare Events
By Riccardo Colacito; University of North Carolina at Chapel Hill Mariano M. Croce; University of North Carolina at Chapel Hill
Presented by: Riccardo Colacito, University of North Carolina at Chapel Hill
Evidence for Relational Contracts in Sovereign Bank Lending
By Peter Benczur; Central European University Cosmin Ilut; Duke University
Presented by: Cosmin Ilut, Duke University
Stationary Equilibria in International Portfolio Choice Model
By Sergiy Stepanchuk; University of Pennsylvania Viktor Tsyrennikov; Cornell University
Presented by: Viktor Tsyrennikov, Cornell
Country Size, Currency Areas, and International Asset Returns
By Tarek Alexander Hassan University of Chicago - Booth School of Business
Presented by: Tarek Hassan, The University of Chicago Booth School o

Session 83: Sticky Prices
Date: July 10, 2010
Time: 10:00 - 12:00
Precautionary price stickiness
JEL codes: E31, D81
By James Costain; Bank of Spain Anton Nakov; Bank of Spain
Presented by: James Costain, Bank of Spain
Reset Price Inflation and the Impact of Monetary Policy Shocks
By Mark Bils; University of Rochester Pete Klenow; Stanford University Ben Malin; Federal Reserve Board
Presented by: Ben Malin, Federal Reserve Board of Governors
Reference Prices and Nominal Rigidities
By Martin Eichenbaum, Northwestern University Nir Jaimovich, Stanford University Sergio Rebelo, Northwestern University
Presented by: Martin Eichenbaum, Northwestern University
Sticky Prices?
By Allen Head; Queen's University Lucy Qian Liu; IMF Guido Menzio; University of Pennsylvania Randall Wright; University of Wisconsin
Presented by: Randall Wright, University of Wisconsin

Session 84: Earngings, Human Capital, and Inequality
Date: July 10, 2010
Time: 10:00 - 12:00
Self-Insurance vs. Self-Financing: A Welfare Analysis of the Persistence of Shocks
By Yongseok Shin; WUSTL Francisco Buera; UCLA
Presented by: Yongseok Shin, Washington University in St. Louis
Human Capital Values and Returns: Bounds Implied By Earnings and Asset Returns Data
By Mark Huggett; Georgetown University Greg Kaplan; University of Pennsylvania and Minneapolis Federal Reserve Bank
Presented by: Mark Huggett, Georgetown University
Has Consumption Inequality Mirrored Income Inequality?
By Mark Aguiar, University of Rochester Mark Bils, University of Rochester
Presented by: Mark Bils,
Uncertainty, Specificity and Institutions
By Igor Livshits; University of Western Ontario Martin Gervais; University of Southampton
Presented by: Igor Livshits, University of Western Ontario

Session 85: Topics in Growth
Date: July 10, 2010
Time: 10:00 - 12:00
The aggregate impact of micro distortions: complementarities matter
JEL codes: O1, O4
By Raphael Bergoeing; University of Chile Norman V. Loayza; The World Bank Facundo Piguillem; EIEF
Presented by: Facundo Piguillem, EIEF
Economic Growth with Bubbles
By Alberto Martin; CREI and UPF Jaume Ventura; CREI and UPF
Presented by: Alberto Martin, CREI and Universitat Pompeu Fabra
Quality and Quantity of Education in the Process of Development
By Amparo Castelló-Climent; Universidad de Valencia Ana Hidalgo; Universidad Carlos III
Presented by: Ana Hidalgo, University Carlos III
Learning About Growth
By Andy Glover; University of Minnesota Gina Pieters; University of Minnesota
Presented by: Gina Pieters, University of Minnesota

Session 86: Macroeconometrics and its Applications
Date: July 10, 2010
Time: 10:00 - 12:00
Prior Selection for Bayesian VARs
By Domenico Giannone (ULB - ECARES) Michele Lenza (ECB) Giorgio Primiceri (Northwestern)
Presented by: Giorgio Primiceri, Northwestern University
Forward-looking versus backward-looking behavior in inflation dynamics: a new test
By José Dorich; Bank of Canada
Presented by: José Dorich, Bank of Canada
Evaluating the strength of identification in DSGE models. An a priori approach
By Nikolay Iskrev; Bank of Portugal
Presented by: Nikolay Iskrev, Banco de Portugal
The analytics of the sign restriction approach to shock identification: a framework for understanding the empirical macro puzzles
By Christophe Kamps; European Central Bank Dario Caldara; IIES, Stockholm University
Presented by: Dario Caldara, IIES

Session 87: Human Capital Investments by the Families, Schools, and Colleges
Date: July 10, 2010
Time: 13:15 - 15:15
Income Shocks and Investments in Human Capital
JEL codes: D12, D91, I30.
By Rita Ginja; University College London
Presented by: Rita Ginja, University College London
The Role of Schools in the production of achievement
By Maria Eugenia Canon; University of Rochester
Presented by: Maria Canon, University of Rochester
Timing and Incentives: Impacts of Student Aid on Academic Achievement
By Juanna Schrøter Joensen; Stockholm School of Economics
Presented by: Juanna Schrøter Joensen, Stockholm School of Economics
Public Policy, Technological Change, and the Evolution of Educational Attainment
By Rui Castro; University of Montreal Daniele Coen-Pirani; Carnegie Mellon University
Presented by: Rui Castro, University of Montreal

Session 88: Political Economy
Date: July 10, 2010
Time: 13:15 - 15:15
Revealed Political Power
JEL codes: C73, D63, D72
By Jinhui H. Bai; Georgetown University Roger Lagunoff; Georgetown University
Presented by: Roger Lagunoff, Georgetown University
Voter Turnout and Social Learning in Sequential Election: The Case of U.S. Presidential Primaries
By Kei Kawai; Northwestern University Yasutora Watanabe; Northwestern University
Presented by: Yasutora Watanabe, Northwestern University, Kellogg School
Doubts and Dogmatism in Conflict Behavior
By Alessandro Riboni; University of Montreal
Presented by: Alessandro Riboni, University of Montreal
Measuring Media Influence on U.S. State Courts
By Claire S.H. Lim; Stanford University James M. Snyder, Jr.; MIT David Stromberg; Stockholm University
Presented by: Claire Lim, Stanford University

Session 89: Social Networks and the Labor Market
Date: July 10, 2010
Time: 13:15 - 15:15
Treasure Hunt: A Field Experiment on Social Learning
By Markus Mobius; Harvard Adam Szeidl; UC Berkeley Tuan Phan; Harvard Business School
Presented by: Tuan Phan,
Endogenous Job Contact Networks
By Andrea Galeotti; University of Essex Luca P. Merlino; ECARES (ULB)
Presented by: Luca Merlino, Université Libre de Bruxelles
A Social Network Analysis of Occupational Segregation
By Sebastian Buhai; Aarhus University Marco van der Leij; University of Alicante
Presented by: Sebastian Buhai, Aarhus School of Business, Aarhus University
Hiring through Referrals
By Manolis Galenianos; Pennsylvania State University
Presented by: Manolis Galenianos,

Session 90: Perspectives on Growth and Development
Date: July 10, 2010
Time: 13:15 - 15:15
The Long-Lived Effects of Historic Climate on the Wealth of Nations
JEL codes: N50, O11, O40
By John C. Bluedorn; University of Southampton Akos Valentinyi; Hungarian Central Bank Michael Vlassopoulos; University of Southampton
Presented by: John Bluedorn, University of Southampton
Germs, Ideas and Growth
By Alessandra Fogli; University of Minnesota Laura Veldkamp; New York University
Presented by: Alessandra Fogli, Minneapolis Federal Reserve and CEPR
Cross-country Variation in Factor Shares and its Implications for Development Accounting
By Brad Sturgill; North Carolina State University
Presented by: Brad Sturgill, Appalachian State University
How Important are Human Capital, Physical Capital and Total Factor Productivity for Determining State Economic Growth in the United States, 1840-2000
By Chad Turner; Nicholls State University Robert Tamura; Clemson University Todd Schoellman; Clemson University Sean Mulholland; Stonehill College
Presented by: Todd Schoellman, Clemson University

Session 91: Informational and Nominal Rigidities
Date: July 10, 2010
Time: 13:15 - 15:15
Optimal price setting with observation and menu costs
By F.Alvarez (U Chicago); F.Lippi (U Sassari); L.Paciello (EIEF)
Presented by: Luigi Paciello, Einaudi Institute (EIEF)
Rationally Inattentive Seller: Sales and Discrete Pricing
By Filip Matejka; PACM Princeton University and CERGE-EI Prague
Presented by: Filip Matejka, Princeton University
Imperfect Information and Optimal Monetary Policy
By Mirko Wiederholt; Northwestern University Luigi Paciello; Einaudi Institute for Economics and Finance
Presented by: Mirko Wiederholt, Northwestern University
Sectoral Price Facts in a Sticky-Price Model
[slides]
By Carlos Carvalho; Federal Reserve Bank of New York Jae Won Lee; Rutgers University
Presented by: Carlos Carvalho, Federal Reserve Bank of New York

Session 92: The Collapse of Trade During Business Cycles and Crises
Date: July 10, 2010
Time: 13:15 - 15:15
The Great Trade Collapse of 2008-09: An Inventory Adjustment?
JEL codes: E31, F12
By George Alessandria; FRB Philadelphia Joseph Kaboski; Ohio State University Virgiliu Midrigan; NYU
Presented by: George Alessandria, Federal Reserve Bank of Philadelphia
Accounting for Real Exchange Rates using Micro-Data
By Mario Crucini; Vanderbilt University Anthony Landry; Federal Reserve Bank of Dallas
Presented by: Anthony Landry, Federal Reserve Bank of Dallas
The Collapse of International Trade During the 2008-2009 Crisis: In Search of the Smoking Gun
By Andrei Levchenko; University of Michigan Logan Lewis; University of Michigan Linda Tesar; University of Michigan and NBER
Presented by: Andrei Levchenko, University of Michigan
Cyclical Fluctuations in International Trade Volumes
By Fernando Leibovici; New York University Michael Waugh; New York University
Presented by: Michael Waugh, New York University

Session 93: Marriage, Household Bargaining and Investment
Date: July 10, 2010
Time: 13:15 - 15:15
Does Female Empowerment Promote Economic Development?
By Matthias Doepke; Northwestern University Michele Tertilt; Stanford University
Presented by: Michele Tertilt, Stanford University
Yours, Mine and Ours: Do Divorce Laws affect the Intertemporal Behavior of Married Couples??
By Alessandra Voena; Stanford University
Presented by: Alessandra Voena, Stanford University
Property Division Laws: The Effects on Labor Supply and Household Bargaining
By Tümer Kapan; The Brattle Group
Presented by: Tumer Kapan, Columbia University
The Collective Marriage Matching Model: Identification, Estimation and Testing
By Eugene Choo; University of Calgary Shannon Seitz; Boston College Aloysius Siow; University of Toronto
Presented by: Eugene Choo, University of Calgary

Session 94: Implications of Fiscal Policy
Date: July 10, 2010
Time: 13:15 - 15:15
The Precautionary Effect of Government Expenditures on Private Consumption
JEL codes: E21, E32, E62
By Valerio Ercolani; Bank of Portugal Nicola Pavoni; University College London, CEPR, IFS
Presented by: Valerio Ercolani, Bank of Portugal
The Earned Income Tax Credit: Insurance Without Disincentives?
By Kartik Athreya; Richmond Fed Devin Reilly; Richmond Fed Nicole Simpson; Colgate University
Presented by: Kartik Athreya, Federal Reserve Bank of Richmond
Taxes and Time Allocation: Evidence from Single Women
By Alexander M. Gelber; National Bureau of Economic Research; Wharton School, University of Pennsylvania Joshua W. Mitchell; Harvard University - Department of Economics
Presented by: Alexander Gelber, Wharton School, Univ. of Pennsylvania, and NBER
Government Programs Can Improve Local Labor Markets: Evidence from State Enterprise Zones, Federal Empowerment Zones and Federal Enterprise Communities
By John C. Ham; University of Maryland, University of Southern California IZA and IRP (UW-Madison) Ayşe İmrohoroğlu; Marshall School of Business, University of Southern California Charles Swenson; Marshall School of Business, University of Southern California
Presented by: John Ham, University of Maryland

Session 95: Methodological Contributions
Date: July 10, 2010
Time: 13:15 - 15:15
Numerically Stable Stochastic Simulation Approaches for Solving Dynamic Economic Models
JEL codes: C61, C63, C68
By Kenneth Judd; Hoover Institution at Stanford University Lilia Maliar; Hoover Institution at Stanford University and University of Alicante Serguei Maliar; Hoover Institution at Stanford University and University of Alicante
Presented by: Serguei Maliar, Stanford University
Estimation of Dynamic Discrete Choice Models in Continuous Time
By Peter Arcidiacono, Duke University Patrick Bayer, Duke University Jason Blevins, Duke University Paul Ellickson, University of Rochester
Presented by: Paul Ellickson, University of Rochester
Computing Equilibria in Dynamic Models with Occasionally Binding Constraints
By Johannes Brumm; Mannheim University Michael Grill; Mannheim University
Presented by: Michael Grill, Mannheim University
Oblivious Equilibrium in Dynamic Discrete Games
By Joao Macieira; Virginia Tech
Presented by: Joao Macieira, Virginia Tech

Session 96: Liquidity
Date: July 10, 2010
Time: 13:15 - 15:15
Middlemen in Limit Order Markets
By Boyan Jovanovic; NYU Economics Albert J. Menkveld; VU University Amsterdam
Presented by: Albert Menkveld, VU University Amsterdam
Crises and Liquidity in Over-the-counter Markets
By Ricardo Lagos; NYU Guillaume Rocheteau; UCI Pierre-Olivier Weill; UCLA
Presented by: Pierre-Olivier Weill, UCLA
Market Freeze and Recovery: Trading Dynamics under Optimal Intervention by a Market-Maker-of-Last-Resort
By Jonathan Chiu; Bank of Canada Thorsten V. Koeppl; Queen’s University
Presented by: Jonathan Chiu, Bank of Canada
Trade Dynamics in the Market for Federal Funds
By Gara Afonso; Federal Reserve Bank of New York Ricardo Lagos; New York University
Presented by: Gara Afonso, Federal Reserve Bank of New York

Session 97: Financial Frictions and Volatility
Date: July 10, 2010
Time: 13:15 - 15:15
Financial Development and Economic Volatility:A Unified Explanation
JEL codes: D21, D58, E22
By Pengfei Wang; Hong Kong University of Science and Technology Yi Wen; FRB St. Louis and Tsinghua University
Presented by: Pengfei Wang, Hong Kong University of Science and Tech
Financial innovation and risk: the role of information
By Roberto Piazza; International Monetary Fund
Presented by: Roberto Piazza, University of Minnesota
Micro Frictions and Macro Wedges
By Nicolas Petrosky-Nadeau; Carnegie Mellon University - Tepper School of Business Laurence Ales; Carnegie Mellon University - Tepper School of Business
Presented by: Nicolas Petrosky-Nadeau, Carnegie Mellon University
Collateral Constraints and Noisy Fluctuations
By Jennifer La'O; MIT
Presented by: Jennifer La'O, MIT

Session 98: Applications of DSGE Models
Date: July 10, 2010
Time: 13:15 - 15:15
Real Implications of Financial Linkages:The Case of Canada and the United States
JEL codes: F36, F40
By Vladimir Klyuev; International Monetary Fund
Presented by: Vladimir Klyuev, IMF
News Shocks and the Slope of the Term Structure of Interest Rates
By Andre Kurmann; University of Quebec-Montreal Christopher Otrok; University of Virginia
Presented by: Christopher Otrok, University of Virginia
The Gold Standard and the French Great Depression
By Slim Bridji; Université Paris Ouest Nanterre la Défense and EconomiX
Presented by: Slim Bridji, University of Paris X and EconomiX
Some observations on the notion of liquidity
By Gaetano Antinolfi; Washington University in Saint Louis and Federal Reserv Bank of Saint Louis Enrique Kawamura; Universidad de San Andres
Presented by: Gaetano Antinolfi, Washington University

Session 99: Empirical Applications of Dynamic Models
Date: July 10, 2010
Time: 15:45 - 17:45
The Impact of Competition on Technology Adoption: An Apples-to-PCs Analysis
JEL codes: D4, L1, L63, O3
By Adam Copeland; Federal Reserve Bank of New York Adam Hale Shapiro; Bureau of Economic Analysis
Presented by: Adam Copeland, Federal Reserve Bank of New York
An Empirical Equilibrium Model of a Decentralized Asset Market
By Alessandro Gavazza; New York University
Presented by: Alessandro Gavazza, New York University
Does AMD spur Intel to innovate more?
By Ronald Goettler; University of Chicago Brett Gordon; Columbia University
Presented by: Ronald Goettler, Booth School of Business
Estimating dynamic models with aggregate shocks and an application to mortgage default in Colombia.
By Juan Esteban Carranza; University of Wisconsin and ICESI (Colombia) Salvador Navarro; University of Wisconsin
Presented by: Juan Esteban Carranza, University of Wisconsin-Madison

Session 100: Strategic Interactions in Political Economy
Date: July 10, 2010
Time: 15:45 - 17:45
The Political Economy of Resource Prices
By Daron Acemoglu; MIT Mikhail Golosov; Yale Aleh Tsyvinski; Yale Pierre Yared; Columbia
Presented by: Mikhail Golosov, Yale
Torture
By Sandeep Baliga; Northwestern University Jeff Ely; Northwestern University
Presented by: Sandeep Baliga, Northwestern University
Internal Migrations and Decentralization of Public Investment
By Martin Gonzalez-Eiras; Universidad de San Andres Dirk Niepelt; SCG, U of Bern, IIES SU, CEPR
Presented by: Martin Gonzalez-Eiras, Universidad de San Andres
A Political Theory of Populism
By Daron Acemoglu; MIT Georgy Egorov; Kellogg School of Management Konstantin Sonin; New Economic School
Presented by: Georgy Egorov, Northwestern University

Session 101: World Trade, Financial Markets and International Transmission
Date: July 10, 2010
Time: 15:45 - 17:45
Financial Globalization, Financial Crises and Contagion
JEL codes: E44,F36,F41
By Enrique G. Mendoza, University of Maryland Vincenzo Quadrini, USC
Presented by: Enrique Mendoza, University of Maryland
leverage constraints and the international transmission of shocks
By Michael B. Devereux University of British Columbia James Yetman Bank for International Settlements
Presented by: Michael Devereux, ubc
Trade and the Global Recession
By Jonathan Eaton; Penn State University Sam Kortum; University of Chicago Brent Neiman; University of Chicago John Romalis; University of Chicago
Presented by: Samuel Kortum, University of Chicago
World Trade During Financial Crises
By Cristina Arellano; Federal Reserve Bank of Minneapolis Yan Bai; Arizona State University and Federal Reserve Bank of Minneapolis
Presented by: Yan Bai, Arizona State University

Session 102: Aggregate Implications of Financial Frictions
Date: July 10, 2010
Time: 15:45 - 17:45
International recessions
JEL codes: F20, F36
By Fabrizio Perri; University of Minnesota Vincenzo Quadrini; University of Southern California
Presented by: Vincenzo Quadrini, USC
Financial Factors in Economic Fluctuations
By Lawrence J. Christiano (Northwestern University); Roberto Motto (European Central Bank); Massimo Rostagno (European Central Bank)
Presented by: Massimo Rostagno, European Central Bank
Financial Crises and Fluctuations in Uncertainty
By Cristina Arellano; Federal Reserve Bank of Minneapolis and University of Minnesota Yan Bai; Arizona State University Patrick Kehoe; Princeton University and Federal Reserve Bank of Minneapolis
Presented by: Cristina Arellano, University of Minnesota
Risk, Volatility, and the Global Cross-Section of Growth Rates
By Craig Burnside; Duke University Alexandra Tabova; Duke University
Presented by: Craig Burnside, Duke University

Session 103: Business Cycles and Risk Premia
Date: July 10, 2010
Time: 15:45 - 17:45
Easy EZ in DSGE
JEL codes: E44
By Harald Uhlig; University of Chicago
Presented by: Harald Uhlig, University of Chicago
Risk Aversion, the Labor Margin, and Asset Pricing in DSGE Models
By Eric Swanson; Federal Reserve Bank of San Francisco
Presented by: Eric Swanson, Federal Reserve Bank of San Francisco
Credit risk and Disaster risk
By Francois Gourio; Boston University
Presented by: Francois Gourio, Boston University
International Disaster Risk, Business Cycles, and Exchange Rates
By Francois Gourio; Boston University Adrien Verdelhan; MIT Sloan
Presented by: Adrien Verdelhan, MIT Sloan

Session 104: Entrepreneurship
Date: July 10, 2010
Time: 15:45 - 17:45
Bankruptcy, Incorporation, and the Nature of Entrepreneurial Risk
JEL codes: E21 L26 G11 G33
By Andrew Glover; University of Minnesota and Minneapolis Federal Reserve Bank Jacob Short; University of Minnesota and Minneapolis Federal Reserve Bank
Presented by: Andrew Glover, University of Minnesota-TC
From Pawn Shops to Banks: The Impact of Banco Azteca on Households' Credit and Saving Decisions
By Claudia Ruiz; UCLA
Presented by: Claudia Ruiz, UCLA
Skill-biased change in entrepreneurial technology
By Markus Poschke; McGill University
Presented by: Markus Poschke, McGill
Wage Inequality and Entrepreneurship
By Federico De Francesco (University of California, Los Angeles)
Presented by: Federico De Francesco, UCLA

Session 105: Microfoundations of Money
Date: July 10, 2010
Time: 15:45 - 17:45
A Monetary Theory with Non-Degenerate Distributions
JEL codes: E4, E5
By Guido Menzio; University of Pennsylvania Shouyong Shi; University of Toronto Hongfei Sun; Queen's University
Presented by: Amy Hongfei Sun,
Moneyspots
By Ricardo Lagos; NYU
Presented by: Ricardo Lagos, NYU
A Model of Indivisible Commodity Money with Minting and Melting
[slides]
By Angela Redish; University of British Columbia Warren E.Weber; Federal Reserve Bank of Minneapolis
Presented by: Warren Weber, Federal Reserve Bank of Minneapolis
On the Optimality of a Dominant Unit of Account
By Matthias Doepke; Northwestern Martin Schneider; Stanford
Presented by: Martin Schneider, Stanford University

Session 106: Micro-level Studies of International Prices and Quantities
Date: July 10, 2010
Time: 15:45 - 17:45
Trade and Sudden Stop Crises
By Gita Gopinath; Harvard University Brent Neiman; University of Chicago
Presented by: Brent Neiman, University of Chicago
How do different exporters react to exchange rate changes? Theory, empirics and aggregate implications
By Nicolas Berman; Graduate Institute of International and Development Studies Philippe Martin; Sciences Po Thierry Mayer; Sciences Po
Presented by: Philippe Martin, sciences po
Competition and Pass-through on international markets: Firm-level evidence from VAT shocks
By Philippe Andrade; Banque de France and CREM Martine Carre; Cergy University and THEMA Agnes Benassy-Quere; CEPII
Presented by: martine carre, Cergy University
In Search of Real Rigidities
By Gita Gopinath; Harvard Oleg Itskhoki; Princeton
Presented by: Oleg Itskhoki, Princeton University

Session 107: Monetary and Fiscal Policy
Date: July 10, 2010
Time: 15:45 - 17:45
Distortionary fiscal policy and monetary policy goals
JEL codes: E52, E62, E63
By Klaus Adam; Mannheim University Roberto M. Billi; FRB Kansas City
Presented by: Roberto Billi, Federal Reserve Bank of Kansas City
Fiscal Multipliers in the Liquidity Trap: International Theory and Evidence.
By Johannes Wieland; University of California, Berkeley
Presented by: Johannes Wieland, University of California, Berkeley
New Keynesian Dynamics in a Low Interest Rate Environment
By R. Anton Braun; University of Tokyo Lena Mareen Koerber; German Institute for Economic Research
Presented by: R. Braun, University of Tokyo
Measuring Monetary Policy when the Nominal Short-Term Interest Rate is Zero: A Dynamic Stochastic General Equilibrium Approach
By Tomiyuki Kitamura; Bank of Japan
Presented by: Tomiyuki Kitamura, Bank of Japan]

Session 108: Families and Demography -- OLG Economies
Date: July 10, 2010
Time: 15:45 - 17:45
On the Origin of the Family
JEL codes: C72; D01; D10;
By Marco Francesconi; University of Essex Christian Ghiglino; University of Essex Motty Perry; University of Warwick & Hebrew University of Jerusalem
Presented by: Christian Ghiglino, University of Essex
Ageing, Pensions and The Labour Market
By David de la Croix;CORE and IRES,Université catholique de Louvain Olivier Pierrard; Banque centrale du Luxembourg and IRES, Université catholique de Louvain Henri R. Sneessens; Université du Luxembourg and IRES, Université catholique de Louvain
Presented by: Henri Sneessens, Université de Luxembourg
Welfare evaluation of policies in an overlapping generations growth model
By Jean-Francois Mertens; Universite Catholique de Louvain Anna Rubinchik; University of Haifa
Presented by: Anna Rubinchik, Haifa University
Fertility Risk in the Life-Cycle
By Sekyu Choi; Universitat Autonoma de Barcelona
Presented by: Sekyu Choi, Universitat Autonoma de Barcelona

Session 109: Migration and Human Capital
Date: July 10, 2010
Time: 15:45 - 17:45
Migration Policies and International Flows of Human Capital: A General Equilibrium Approach
By Claustre Bajona; Ryerson University; Vincenzo Caponi; Ryerson University
Presented by: Vincenzo Caponi, Ryerson University, IZA, RCEA
Migration and Entrepreneurship in Mexico
By Kevin Thom; New York University Daniel Yi Xu; New York University and NBER
Presented by: Daniel Yi Xu, New York University
Do Brain Drain and Poverty Result from Coordination Failures?
By David de la Croix; UCLouvain Frederic Docquier; UCLouvain
Presented by: David de la Croix, Univ cath Louvain
The Welfare State and the Skill Mix of Migration: Dynamic Policy Formation
By Assaf Razin, Cornell University and Tel Aviv University Efraim Sadka, Tel Aviv University Ben Suwankiri, TMB Bank Plc. Thailand
Presented by: Assaf Razin, Cornell University

Session 110: Labor Markets and Aggregate Fluctuations
Date: July 10, 2010
Time: 15:45 - 17:45
The Great Increase in Relative Volatility of Real Wages in the United States
JEL codes: E24, E32
By Julien Champagne; Universite du Quebec a Montreal Andre Kurmann; Universite du Quebec a Montreal
Presented by: Andre Kurmann, UQAM
The Labor Market in the Great Recession
By MICHAEL ELSBY; University of Michigan and NBER BART HOBIJN; Federal Reserve Bank of San Francisco and Free University Amsterdam AYSEGUL SAHIN; Federal Reserve Bank of New York
Presented by: Aysegul Sahin, Federal Reserve Bank of New York
Labor Market Search in Emerging Economies
By Emine Boz; International Monetary Fund Ceyhun Bora Durdu; Federal Reserve Board Nan Li; Ohio State University
Presented by: Nan Li, Ohio State University
A Multi-sectoral Approach to the U.S. Great Depression
By Pedro S. Amaral; Federal Reserve Bank of Cleveland James C. MacGee; University of Western Ontario
Presented by: Pedro Amaral, Federal Reserve Bank of Cleveland

Index of Participants

Legend: C=chair, P=Presenter, D=Disscussant

Session 111: Plenary Talkby Ellen McGrattan: Intangible Gains to Openness
Date: July 10, 2010
Time: 18:00 - 19:00

#	Participant	Roles in Conference
1	Abraham, Arpad	P28
2	Acharya, Viral	P40
3	Adamopoulos, Tasso	P39
4	Adrian, Tobias	P80
5	Afonso, Gara	P96
6	Aguiar, Mark	P6
7	Ai, Hengjie	P26
8	Albagli, Elias	P65
9	Albanesi, Stefania	P52
10	Alessandria, George	P92
11	Alexopoulos, Michelle	P22
12	Amaral, Pedro	P110
13	Andolfatto, David	P4
14	Andrade, Philippe	P33
15	Antinolfi, Gaetano	P98
16	Arellano, Cristina	P102
17	Arie, Guy	P28
18	Arkolakis, Costas	P8
19	Armenter, Roc	P69
20	Aruoba, S. Boragan	P7
21	Asonuma, Tamon	P29
22	Athreya, Kartik	P94
23	Azzimonti Renzo, Marina	P69
24	Baccara, Mariagiovanna	P7
25	Bacchetta, Philippe	P23
26	Bachmann, Ruediger	P3
27	Backus, David	P23
28	Bagger, Jesper	P67
29	Bai, Yan	P101
30	Bai, Jinhui	P76
31	Bajona, Claustre	P15
32	Baliga, Sandeep	P100
33	Banerjee, Ryan	P61
34	Barseghyan, Levon	P61
35	Bassetto, Marco	P76
36	Basu, Suman	P6
37	Berentsen, Aleksander	P73
38	Bianchi, Javier	P15
39	Bianchi, Francesco	P53
40	Bick, Alexander	P32
41	Bigio, Saki	P45
42	Billi, Roberto	P107
43	Bils, Mark	P84
44	Bimpikis, Kostas	P1
45	Bluedorn, John	P90
46	Borri, Nicola	P42
47	Boz, Emine	P63
48	Braun, R.	P107
49	Bridji, Slim	P98
50	Brown, Alessio	P19
51	Bruegemann, Bjoern	P20
52	Brunnermeier, Markus	P71
53	Buera, Francisco	P25
54	Buhai, Sebastian	P89
55	Burnside, Craig	P42, P102
56	Burstein, Ariel	P18
57	Bustos, Paula	P35
58	Caldara, Dario	P86
59	Canon, Maria	P87
60	Cao, Dan	P45
61	Caponi, Vincenzo	P109
62	Cardia, Emanuela	P32
63	Carranza, Juan Esteban	P99
64	carre, martine	P106
65	Carrillo-Tudela, Carlos	P30
66	Carvalho, Vasco	P25
67	Carvalho, Carlos	P91
68	Castro, Rui	P87
69	Cenesizoglu, Tolga	P10
70	Chang, Yongsung	P66
71	Chatterjee, Satyajit	P5
72	Chen, Ying	P44
73	Cheremukhin, Anton	P30
74	Chiu, Jonathan	P96
75	Cho, In-Koo	P19
76	Choi, Sekyu	P108
77	Choo, Eugene	P93
78	Christiano, Lawrence	P55
79	Chugh, Sanjay	P81
80	Ciccone, Antonio	P11
81	Clark, C. Robert	P36
82	Clementi, Gian Luca	P3
83	Colacito, Riccardo	P82
84	Collard-Wexler, Allan	P27
85	Copeland, Adam	P99
86	Corbae, Dean	P24
87	Corcos, Gregory	P78
88	Costain, James	P83
89	Cozzi, Marco	P13
90	Croce, Mariano	P10
91	Curdia, Vasco	P17
92	D'Erasmo, Pablo	P80
93	da Costa, Carlos	P69
94	Damiano, Ettore	P28
95	Davig, Troy	P53
96	Davis, Morris	P72
97	De Francesco, Federico	P104
98	de la Croix, David	P109
99	De Loecker, Jan	P27
100	de Paula, Aureo	P36
101	de Resende, Carlos	P58
102	Debortoli, Davide	P4
103	Dedola, Luca	P58
104	Del Negro, Marco	P17
105	Delacroix, Alain	P62
106	Devereux, Michael	P101
107	Doraszelski, Ulrich	P27
108	Dorich, José	P86
109	Duernecker, Georg	P60
110	Dupor, Bill	P14
111	Eckstein, Zvi	P68
112	Eeckhout, Jan	P70
113	Egorov, Georgy	P100
114	Eichenbaum, Martin	P83
115	Eisfeldt, Andrea	P43
116	Ejarque, João Miguel	P19
117	Ellickson, Paul	P95
118	Elliott, Matthew	P47
119	Erce-Dominguez, Aitor	P29
120	Erceg, Christopher	P17
121	Ercolani, Valerio	P94
122	Etula, Erkko	P42
123	Faberman, Jason	P30
124	FABRE, Alice	P79
125	Fang, Lei	P31
126	Farhi, Emmanuel	P71
127	Fernández, Raquel	P52
128	Ferrero, Andrea	P66
129	Ferreyra, Maria	P41
130	Fitzgerald, Doireann	P78
131	Flabbi, Luca	P60
132	Foerster, Andrew	P53
133	Fogli, Alessandra	P90
134	Fuchs-Schündeln, Nicola	P11
135	Fukushima, Kenichi	P81
136	Gabaix, Xavier	P43
137	Galenianos, Manolis	P89
138	Gali, Jordi	P55
139	Gallipoli, Giovanni	P13
140	Garetto, Stefania	P18
141	Garleanu, Nicolae	P71
142	Garriga, Carlos	P46
143	Gavazza, Alessandro	P99
144	Gavin, William	P73
145	Gelber, Alexander	P94
146	Gemici, Ahu	P68
147	Gervais, Martin	P48
148	Ghiglino, Christian	P108
149	Giannoni, Marc	P34
150	Ginja, Rita	P87
151	Giolito, Eugenio	P79
152	Glover, Andrew	P104
153	Goettler, Ronald	P99
154	Goldstein, Itay	P65
155	Golosov, Mikhail	P100
156	Gonzalez-Eiras, Martin	P100
157	Gorodnichenko, Yuriy	P33
158	Gourio, Francois	P103
159	Grill, Michael	P95
160	Groshenny, Nicolas	P73
161	Guerrieri, Veronica	P17
162	Guerron-Quintana, Pablo	P66
163	Guler, Bulent	P24
164	Guvenen, Fatih	P67
165	Hachem, Kinda	P45
166	Hagedorn, Marcus	P77
167	Hall, George	P48
168	Hallak, Juan Carlos	P78
169	Haltiwanger, John	P16
170	Ham, John	P94
171	Hassan, Tarek	P82
172	Hawkins, William	P56
173	He, Zhiguo	P65
174	Hidalgo, Ana	P85
175	Horner, Johannes	P54
176	Hortacsu, Ali	P49
177	Hosseini, Roozbeh	P50
178	Houde, Jean-Francois	P24
179	Huggett, Mark	P84
180	Iacoviello, Matteo	P72
181	Ilut, Cosmin	P82
182	Ionescu, Felicia	P5
183	Iovino, Luigi	P14
184	Iraola, Miguel	P26
185	Iskrev, Nikolay	P86
186	Itskhoki, Oleg	P106
187	Jaccard, Ivan	P57
188	Jones, Larry	P38
189	Joubert, Clement	P7
190	Jovanovic, Boyan	P70
191	Jung, Philip	P21
192	Kalemli-Ozcan, Sebnem	P63
193	Kambourov, Gueorgui	P77
194	Kapan, Tumer	P93
195	Kaplan, Greg	P77
196	Karaivanov, Alexander	P51
197	Kastl, Jakub	P49
198	Kaymak, Baris	P60
199	Kehoe, Timothy	P35
200	Kehoe, Patrick	P71
201	Khan, Aubhik	P25
202	Kiley, Michael	P55
203	Kim, Yun Jung	P29
204	Kircher, Philipp	P56
205	Kirsanova, Tatiana	P4
206	Kitamura, Tomiyuki	P107
207	Kitao, Sagiri	P2
208	Klyuev, Vladimir	P98
209	Kocharkov, Georgi	P36
210	Kollmann, Robert	P75
211	Kormilitsina, Anna	P66
212	Kortum, Samuel	P101
213	Kovac, Eugen	P12
214	Kovrijnykh, Natalia	P44
215	Krause, Michael	P48
216	Kredler, Matthias	P61
217	Krishnamurthy, Arvind	P40
218	Kudlyak, Marianna	P46
219	Kumhof, Michael	P58
220	Kurlat, Pablo	P9
221	Kurmann, Andre	P110
222	La'O, Jennifer	P97
223	Laczo, Sarolta	P38
224	Lagerlöf, Nils-Petter	P64
225	Lagos, Ricardo	P105
226	Lagunoff, Roger	P88
227	Lahiri, Amartya	P22
228	Landry, Anthony	P92
229	Landvoigt, Tim	P46
230	Le Grand, Francois	P26
231	Lee, Soohyung	P68
232	Lee, Gabriel	P57
233	Lee, Jae Won	P4
234	Lester, Benjamin	P9
235	Leukhina, Oksana	P64
236	Levchenko, Andrei	P92
237	Lewis, Gregory	P49
238	Li, Geng	P5
239	Li, Nan	P110
240	Li, Zhe	P22
241	Lim, Claire	P88
242	Liu, Kai	P60
243	Livshits, Igor	P84
244	Lopez, Jose	P75
245	Lorenzoni, Guido	P33
246	Ludwig, Alexander	P41
247	Lustig, Hanno	P40
248	maarek, paul	P35
249	Macieira, Joao	P95
250	Makarov, Igor	P44
251	Maliar, Serguei	P95
252	Malin, Ben	P83
253	Malkhozov, Aytek	P26
254	Mandelman, Federico	P15
255	Manovskii, Iourii	P13
256	Marcassa, Stefania	P32
257	Martin, Alberto	P85
258	Martin, Philippe	P106
259	Matejka, Filip	P91
260	Mathews, Richmond	P65
261	Maziero, Pricila	P50
262	Mazzocco, Maurizio	P68
263	Meh, Cesaire	P80
264	Mele, Angelo	P1
265	Mendicino, Caterina	P72
266	Mendoza, Enrique	P101
267	Menkveld, Albert	P96
268	Merlino, Luca	P89
269	Mertens, Elmar	P14
270	Mertens, Thomas	P59
271	Meyer-ter-Vehn, Moritz	P54
272	Minetti, Raoul	P58
273	Mishra, Prachi	P11
274	Mitchell, Matthew	P12
275	Moen, Espen	P56
276	Moran, Kevin	P34
277	Mortensen, Dale	P56
278	Moscoso Boedo, Hernan	P31
279	Mukoyama, Toshihiko	P2
280	Mylovanov, Tymofiy	P28
281	Nakajima, Makoto	P5
282	Natvik, Gisle	P76
283	Neiman, Brent	P106
284	Niepelt, Dirk	P76
285	Norman, Peter	P81
286	Nosal, Jaromir	P16
287	Olivella, Virginia	P51
288	Ordonez, Guillermo	P9
289	Otrok, Christopher	P98
290	Paarsch, Harry	P43
291	Paciello, Luigi	P91
292	Palomino, Francisco	P10
293	Papageorgiou, Theodore	P62
294	Parente, Stephen	P64
295	Parker, Jonathan	P59
296	Pashchenko, Svetlana	P20
297	Pasten, Ernesto	P70
298	Pedersen, Lasse	P40
299	Peralta-Alva, Adrian	P48
300	Perez, Ander	P51
301	Peters, Michael	P22
302	Petrosky-Nadeau, Nicolas	P97
303	Phan, Tuan	P89
304	Piazza, Roberto	P97
305	Piazzesi, Monika	P57
306	Pieters, Gina	P85
307	Piguillem, Facundo	P85
308	Plesca, Miana	P62
309	Pogach, Jonathan	P44
310	Popov, Sergey	P6
311	Poschke, Markus	P104
312	Primiceri, Giorgio	P86
313	Puzzello, Daniela	P19
314	Quadrini, Vincenzo	P102
315	Rampini, Adriano	P51
316	Ranciere, Romain	P42
317	Rangel, Marcos	P38
318	Ravenna, Federico	P47
319	Razin, Assaf	P109
320	Rendall, Michelle	P32
321	Repetto, Andrea	P41
322	Restrepo-Echavarria, Paulina	P15
323	Rey, Helene	P63
324	Riboni, Alessandro	P88
325	Rios-Rull, Jose-Victor	P34
326	Rogers, Brian	P1
327	Rostagno, Massimo	P102
328	Rotemberg, Julio	P16
329	Rousakis, Michail	P12
330	Roys, Nicolas	P62
331	Rubinchik, Anna	P108
332	Rubini, Loris	P18
333	Rudanko, Leena	P16
334	Ruhl, Kim	P8
335	Ruiz, Claudia	P104
336	Sahin, Aysegul	P110
337	Sanchez, Juan	P46
338	Sandri, Damiano	P35
339	Sannikov, Yuliy	P54
340	Santos, Marcelo	P7
341	Sapriza, Horacio	P29
342	Schmitz, James	P31
343	Schneider, Martin	P105
344	Schoellman, Todd	P90
345	Schoonbroodt, Alice	P38
346	Schrøter Joensen, Juanna	P87
347	Seiler, Stephan	P36
348	Shaikh, Azeem	P49
349	Shin, Yongseok	P84
350	Short, Jacob	P79
351	Simhon, Avi	P61
352	Simonovska, Ina	P8
353	Sims, Christopher	P55
354	Sims, Eric	P33
355	Simsek, Alp	P80
356	Siow, Aloysius	P52
357	Skreta, Vasiliki	P54
358	Smith, Eric	P72
359	Sneessens, Henri	P108
360	Sosa Padilla, Cesar	P6
361	Sturgill, Brad	P90
362	Sun, Bo	P59
363	Sun, Amy Hongfei	P105
364	Swanson, Eric	P103
365	Syverson, Chad	P27
366	Szeidl, Adam	P1
367	Tam, Xuan	P24
368	Tamura, Robert	P79
369	Tartari, Melissa	P13
370	Taschereau-Dumouchel, Mathieu	P30
371	Taskin, Temel	P20
372	Taylor, Lucian	P43
373	Telyukova, Irina	P67
374	Tertilt, Michele	P93
375	Thomas, Julia	P3
376	Thurk, Jeff	P12
377	Toledo, Manuel	P21
378	Tomura, Hajime	P73
379	Topa, Giorgio	P21
380	Tortorice, Daniel	P14
381	Tripier, Fabien	P45
382	Tristani, Oreste	P53
383	Troshkin, Maxim	P50
384	Tsai, Yi-Chan	P75
385	Tsyrennikov, Viktor	P82
386	Ueda, Kenichi	P31
387	Uhlig, Harald	P103
388	Uribe, Martin	P63
389	Valentinyi, Akos	P39
390	Van Nieuwerburgh, Stijn	P57
391	van Rens, Thijs	P21
392	Vandenbroucke, Guillaume	P64
393	Ventura, Gustavo	P77
394	Verdelhan, Adrien	P103
395	Villena-Roldan, Benjamin	P47
396	Violante, Gianluca	P67
397	Virag, Gabor	P70
398	Voena, Alessandra	P93
399	Vogel, Jonathan	P18
400	Voigtlaender, Nico	P52
401	Wang, Neng	P59
402	Wang, Ping	P81
403	Wang, Yong	P39
404	Wang, Pengfei	P97
405	Watanabe, Yasutora	P88
406	Waugh, Michael	P92
407	Weber, Warren	P105
408	Weder, Mark	P75
409	Weill, Pierre-Olivier	P96
410	Weinzierl, Matthew	P69
411	Werning, Ivan	P50
412	Wiederholt, Mirko	P91
413	Wieland, Johannes	P107
414	Williamson, Stephen	P34
415	Wiseman, Kevin	P8
416	Wolthoff, Ronald	P47
417	Wright, Randall	P83
418	Wright, Mark	P25
419	Xu, Daniel Yi	P109
420	Yang, Fang	P2
421	Yared, Pierre	P11
422	Yaron, Amir	P10
423	Yi, Kei-Mu	P39
424	Yue, Vivian	P78
425	Zakrajsek, Egon	P3
426	Zanella, Giulio	P2
427	Zetlin-Jones, Ariel	P9
428	Zhang, Jing	P23
429	Zhang, Lu	P23
430	Zimmermann, Christian	P20