2012 Annual Meeting of the Society for Economic Dynamics |
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Summary of All Sessions |
108 sessions, 428 papers, and 0 presentations with no associated papers |
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2012 Annual Meeting of the Society for Economic Dynamics |
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Complete List of All Sessions |
Session : Coordination and the macroeconomy |
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| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Sand in the Wheels: A Dynamic Global-Game Approach |
| By Laurent Mathevet; University of Texas at Austin Jakub Steiner; Northwestern University |
| Presented by: Jakub Steiner, Northwestern University |
| Man-bites-dog business cycles |
| By Kristoffer Nimark; CREI |
| Presented by: Kristoffer Nimark, CREI |
| Information Acquisition in Rumor-Based Bank Runs |
| By Zhiguo He; University of Chicago Asaf Manela; Washington University in St. Louis |
| Presented by: Asaf Manela, Washington University in St. Louis |
| The effect of options on coordination |
| By Luis Araujo; Michigan State University Bernardo Guimaraes; Sao Paulo School of Economics - FGV |
| Presented by: Bernardo Guimaraes, Sao Paulo School of Economics - FGV |
Session : Human Capital and Labor Market |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| The Dynamics of Immigrant Earnings |
| By Rody Manuelli; Washington University in St. Louis Ananth Seshadri; University of Wisconsin Yongseok Shin; Washington University in St. Louis |
| Presented by: Rody Manuelli, Washington University in St. Louis |
| Higher Education Subsidies and Human Capital Mobility |
| By John Kennan; University of Wisconsin Madison |
| Presented by: John Kennan, University of Wisconsin Madison |
| Credit and Insurance for Human Capital Investments |
| By Lance Lochner; University of Western Ontario Alexander Monge; Penn State University |
| Presented by: Lance Lochner, University of Western Ontario |
| Financial Frictions, Occupational Choice, and Economic Inequality |
| By Lian Allub; Universidad Carlos III de Madrid Andres Erosa; IMDEA |
| Presented by: Andres Erosa, IMDEA |
Session : Advances in NDPF |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Optimal Retirement Age and Aging Population |
| By Fernando Perera-Tallo; Universidad de La Laguna |
| Presented by: Fernando Perera-Tallo, Universidad de La Laguna |
| Efficient Risk Sharing with Limited Commitment and Hidden Saving |
| By Arpad Abraham; European University Institute Sarolta Laczo; University of California, Los Angeles |
| Presented by: Sarolta Laczo, University of California, Los Angeles |
| Optimal Taxation in a Life-Cycle Economy with Endogenous Human Capital Formation |
| By Marek Kapicka; University of California Santa Barbara Julian Neira; University of California Santa Barbara |
| Presented by: Marek Kapicka, University of California Santa Barbara |
| Optimal fiscal policy with recursive preferences |
| By Anastasios Karantounias; Federal Reserve Bank of Atlanta |
| Presented by: Anastasios Karantounias, Federal Reserve Bank of Atlanta |
Session : Housing and the Macroeconomy |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Housing and the Macroeconomy: The Role of Bailout Guarantees for Government Sponsored Enterprises |
| By Dirk Krueger; University of Pennsylvania |
| Presented by: Dirk Krueger, University of Pennsylvania |
| Segmented Housing Search |
| By Monika Piazzesi; Stanford University Martin Schneider; Stanford University Johannes Stroebel; Stanford University |
| Presented by: Martin Schneider, Stanford University |
| Understanding Booms and Busts in Housing Markets |
| By Craig Burnside; Duke University Martin Eichenbaum; Northwestern University Sergio Rebelo; Northwestern University |
| Presented by: Craig Burnside, Duke University |
| The Ins and Arounds of the Housing Market |
| By Ruediger Bachmann; RWTH Aachen University Daniel Cooper; Federal Reserve Bank of Boston |
| Presented by: Daniel Cooper, Federal Reserve Bank of Boston |
Session : International transmission of monetary and fiscal shocks |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| The international taxation of capital |
| By Nicolas Coeurdacier; SciencesPo Paris |
| Presented by: Nicolas Coeurdacier, SciencesPo Paris |
| Global Banks, Financial Shocks and International Business Cycles: Evidence from Estimated Models |
| By Robert Kollmann; ECARES, Université Libre de Bruxelles a |
| Presented by: Robert Kollmann, ECARES, Université Libre de Bruxelles a |
| Fiscal Consolidation in an Open Economy |
| By Jesper Linde; Federal Reserve Board |
| Presented by: Jesper Linde, Federal Reserve Board |
| International Transmission through Relative Prices |
| By Keyu Jin; London School of Economics Nan Li; Ohio State University |
| Presented by: Keyu Jin, London School of Economics |
Session : Search in the labor market |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Search and matching in the labor market without unemployment insurance |
| By Francesc Obiols Homs |
| Presented by: Francesc Obiols Homs, |
| Repeated Moral Hazard with Worker Mobility via Directed On-the-Job Search |
| By Kunio Tsuyuhara; University of Calgary |
| Presented by: Kunio Tsuyuhara, University of Calgary |
| Labor Market Dynamics: A Model of Search and Human Capital Accumulation |
| By Gregory Veramendi; Northwestern University |
| Presented by: Gregory Veramendi, Northwestern University |
| Optimal Unemployment Insurance in a Directed Search Model |
| By Martin Gervais; University of Southampton |
| Presented by: Martin Gervais, University of Iowa |
Session : Asset pricing |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Investment and the Cross-Section of Equity Returns |
| By Gian Luca Clementi; Stern School of Business Berardino Palazzo; Boston University, School of management |
| Presented by: Gian Luca Clementi, Stern School of Business |
| Wage Rigidity: A Solution to Several Asset Pricing Puzzles |
| By Xiaoji Lin; The Ohio State University Jack Favilukis; London School of Economics |
| Presented by: Jack Favilukis, London School of Economics |
| Consumption-based Asset Pricing Loss Aversion |
| By Marianne Andries; Chicago Booth |
| Presented by: Marianne Andries, Chicago Booth |
| Liquidity effects on asset prices, financial stability and economic resilience |
| By Juan Francisco Martinez Sepulveda; University of Oxford Dimitrios Tsomocos; University of Oxford |
| Presented by: Juan Francisco Martinez Sepulveda, University of Oxford |
Session : Fertility, health, and mortality |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Analyzing the Effects of Insuring Away Health Risks |
| By Harold Cole; University of Pennsylvania Soojin Kim; University of Pennsylvania Dirk Krueger; University of Pennsylvania |
| Presented by: Soojin Kim, University of Pennsylvania |
| Life, Death and World Inequality |
| By Marla Ripoll; University of Pittsburgh Juan Cordoba; Iowa State University |
| Presented by: Marla Ripoll, University of Pittsburgh |
| Do Highly Educated Women Choose Smaller Families? |
| By Moshe Hazan; Hebrew University Hosny Zoabi; Tel Aviv University |
| Presented by: Moshe Hazan, Hebrew University |
| Children and the Wealth of Nations |
| By Juan Cordoba; Iowa State University |
| Presented by: Juan Cordoba, Iowa State University |
Session : Topics in International Economics |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| On the optimal design of a Financial Stability Fund |
| By Arpad Abraham; European University Institute Eva Carceles-Poveda; SUNY at Stony Brook Ramon Marimon; European University Institute & UPF - Barcelona GSE |
| Presented by: Arpad Abraham, European University Institute |
| Bad Investments and Missed Opportunities? Capital Flows to Asia and Latin America, 1950-2004 |
| By Lee Ohanian; University of California Los Angeles Paulina Restrepo-Echavarria; The Ohio State University Mark Wright; UCLA |
| Presented by: Paulina Restrepo-Echavarria, The Ohio State University |
| Real exchange rate variability in a two country business cycle model |
| By Hakon Tretvoll; New York University |
| Presented by: Hakon Tretvoll, New York University |
| Risky Investments with Limited Commitment |
| By Thomas Cooley; New York University Ramon Marimon; European University Institute & UPF - Barcelona GSE Vincenzo Quadrini; USC |
| Presented by: Ramon Marimon, European University Institute & UPF - Barcelona GSE |
Session : Monetary Economics |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Policy Regimes, Policy Shifts, and U.S. Business Cycles |
| By Saroj Bhattarai; Penn State University Jae Won Lee; Rutgers University Woong Yong Park; University of Hong Kong |
| Presented by: Woong Yong Park, University of Hong Kong |
| Is Increased Price Flexibility Stabilizing? Redux |
| By Saroj Bhattarai; Penn State University Gauti Eggertsson; Federal Reserve Bank of New York Raphael Schoenle; Brandeis University |
| Presented by: Raphael Schoenle, Brandeis University |
| Inflationary Sentiments and Monetary Policy Communcation |
| By Francesco Bianchi; Duke University Leonardo Melosi; London Business School |
| Presented by: Leonardo Melosi, London Business School |
| Monetary Policy Regimes and the Term Structure of Interests Rates with Recursive Utility |
| By Tanaka Hiroatsu; Federal Reserve Board |
| Presented by: Tanaka Hiroatsu, Federal Reserve Board |
Session : Topics in Taxation and the Labor Market |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Should unemployment insurance be asset-tested? |
| By Sebastian Koehne; Stockholm University Moritz Kuhn; University of Bonn |
| Presented by: Moritz Kuhn, University of Bonn |
| Unemployment Insurance in a Life Cycle General Equilibrium Model with Human Capital |
| By Facundo Piguillem; EIEF. Einaudi Institute for Economics and Finance Hernan Ruffo; UTDT Nicholas Trachter; EIEF |
| Presented by: Facundo Piguillem, EIEF. Einaudi Institute for Economics and Finance |
| Retirement, Home Production and Labor Supply Elasticities |
| By Richard Rogerson; Princeton University Johanna Wallenius; Stockholm School of Economics |
| Presented by: Richard Rogerson, Princeton University |
| The New Keynesian Phillips Curve: the Role of Hiring and Investment Costs |
| By Renato Faccini; Queen Mary, University of London Stephen Millard; Bank of England Eran Yashiv; Tel Aviv University |
| Presented by: Eran Yashiv, Tel Aviv University |
Session : Topics in Macroeconomics |
| Date: June 22, 2012 |
| Time: 10:00 - 12:00 |
| Productivity or Demand? Identifying Sources of Fluctuations in Small Open Economies |
| By Jacek Rothert; University of Texas, Austin |
| Presented by: Jacek Rothert, University of Texas, Austin |
| Supply Constraints and Land Prices in Growing Cities: The Role of Agglomeration Economies |
| By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia Burcu Eyigungor; Phildalephia Federal Reserve Bank |
| Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia |
| Technological Revolutions and Debt Hangovers: Is There a Causal Link? |
| By Dan Cao; Georgetown University Jean-Paul L'Huillier; Einaudi Institute for Economics and Fina |
| Presented by: Jean-Paul L'Huillier, Einaudi Institute for Economics and Fina |
| Oil Efficiency, Demand, and Prices: a Tale of Ups and Downs |
| By Martin Bodenstein; Asian Development Bank and Federal Reserve Board Luca Guerrieri; Federal Reserve Board |
| Presented by: Luca Guerrieri, Federal Reserve Board |
Session : Liquidity in Financial Markets |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Subsidizing Price Discovery |
| By Braz Camargo; Fundação Getúlio Vargas Kyungmin Kim; University of Iowa Benjamin Lester; Federal Reserve Bank of Philadelphia |
| Presented by: Braz Camargo, Fundação Getúlio Vargas |
| Pledgability and Liquidity |
| By Vaidyanathan (Venky) Venkateswaran; Penn State University Randall Wright; U Wisconsin |
| Presented by: Vaidyanathan (Venky) Venkateswaran, Penn State University |
| Financial Risk Capacity |
| By Saki Bigio; New York University |
| Presented by: Saki Bigio, New York University |
| Liquidity Misallocation in an Over-The-Counter Market |
| By Shengxing Zhang; New York University |
| Presented by: Shengxing Zhang, New York University |
Session : Labor Supply |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Hours and Employment in the Cross-Section and Over the Cycle |
| By Yongsung Chang; University of Rochester / Yonsei Univ. Sun-Bin Kim; Yonsei University Richard Rogerson; Princeton University |
| Presented by: Yongsung Chang, University of Rochester / Yonsei Univ. |
| Hours and Participation with Job Assignment Frictions |
| By Claudio Michelacci; CEMFI Josep Pijoan-Mas; CEMFI |
| Presented by: Josep Pijoan-Mas, CEMFI |
| Households and the Welfare State |
| By Gustavo Ventura; Arizona State University |
| Presented by: Remzi Kaygusuz, Sabanci University |
| Hours and Occupations |
| By Andres Erosa; IMDEA Luisa Fuster; IMDEA Gueorgui Kambourov; University of Toronto |
| Presented by: Gueorgui Kambourov, University of Toronto |
Session : Human Capital: Education, Skills, and Health |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Sex and the Single Girl: The Role of Culture in Contraception Demand |
| By Kelly Ragan; Stockholm School of Economics |
| Presented by: Kelly Ragan, Stockholm School of Economics |
| Competition in Public School Districts: Charter School Entry, Student Sorting, and School Input Determination |
| By Nirav Mehta; University of Western Ontario |
| Presented by: Nirav Mehta, University of Western Ontario |
| Becker meets Ricardo: A social and cognitive skills model of human capabilities |
| [slides] |
| By Robert McCann; University of Toronto Xianwen Shi; University of Toronto Aloysius Siow; University of Toronto Ronald Wolthoff; University of Toronto |
| Presented by: Aloysius Siow, University of Toronto |
| Skill-Biased Technical Change and the Cost of Higher Education: An Exploratory Model |
| By John Jones; University at Albany, SUNY Fang Yang; SUNY-Albany |
| Presented by: Fang Yang, State University of New York - Albany |
Session : Business Cycle Theory |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Dormant Shocks and Fiscal Virtue |
| By Francesco Bianchi; Duke University Leonardo Melosi; London Business School |
| Presented by: Francesco Bianchi, Duke University |
| Risk shocks in a business cycle model with ambiguity averse agents |
| By Francesco Bianchi; Duke University Cosmin Ilut; Duke University Martin Schneider; Stanford University |
| Presented by: Cosmin Ilut, Duke University |
| Corporate Debt Structure and the Financial Crisis |
| By Fiorella De Fiore; European Central Bank Harald Uhlig; University of Chicago |
| Presented by: Harald Uhlig, University of Chicago |
| Dispersed Inflation Expectations and the Zero Lower Bound |
| By Mirko Wiederholt; Northwestern University |
| Presented by: Mirko Wiederholt, Northwestern University |
Session : Advances in International Finance |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| International Consumption Risk Is Shared After All: An Asset Return View |
| By Karen Lewis; University of Pennsylvania Edith Liu; Cornell University |
| Presented by: Edith Liu, Cornell University |
| The Share of Systematic Variation in Bilateral Exchange Rates |
| By Adrien Verdelhan; MIT Sloan |
| Presented by: Adrien Verdelhan, MIT Sloan |
| Interest Rates and Business Cycles in Emerging Economies.The Role of Financial Frictions. |
| By Andres Fernandez; Rutgers University Adam Gulan; Bank of Finland |
| Presented by: Adam Gulan, Bank of Finland |
| Carry Trade: Beyond the Forward Premium Puzzle |
| By Tarek Hassan; The University of Chicago |
| Presented by: Tarek Hassan, The University of Chicago |
Session : Search and Matching: Labor Market |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Equilibrium Labor Market Search and Health Insurance Reform |
| By Naoki Aizawa; University of Pennsylvania Hanming Fang; University of Pennsylvania |
| Presented by: Naoki Aizawa, University of Pennsylvania |
| Immigration, Wages, and Education: a Labor Market Equilibrium Structural Model |
| By Joan Llull; Universitat Autonoma de Barcelona, MOVE, and Barcelona GSE |
| Presented by: Joan Llull, Universitat Autonoma de Barcelona, MOVE, and Barcelona GSE |
| Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System |
| By Meta Brown; Federal Reserve Bank of New York Elizabeth Setren; Federal Reserve Bank of New York Giorgio Topa; Federal Reserve Bank of New York |
| Presented by: Giorgio Topa, Federal Reserve Bank of New York |
| Optimal Labor-Market Policy in Recessions |
| By Philip Jung; Mannheim University Keith Kuester; Federal Reserve Bank of Philadelphia |
| Presented by: Keith Kuester, Federal Reserve Bank of Philadelphia |
Session : Culture, beliefs, and economics |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| From Shame to Game in One Hundred Years: A Macroeconomic Model of the Rise in Premarital Sex and its De-Stigmatization |
| By Jesus Fernandez-Villaverde; University of Pennsylvania Jeremy Greenwood; University of Pennsylvania Nezih Guner; ICREA-MOVE |
| Presented by: Jeremy Greenwood, University of Pennsylvania |
| Intergenerational Transmission of Risk Preferences, Entrepreneurship, and Growth |
| By Matthias Doepke; Northwestern University Fabrizio Zilibotti; University of Zurich |
| Presented by: Fabrizio Zilibotti, University of Zurich |
| ON THE ORIGINS OF GENDER ROLES: WOMEN AND THE PLOUGH |
| By Paola Giuliano; UCLA |
| Presented by: Paola Giuliano, UCLA |
Session : Human capital |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Human Capital Risk, Contract Enforcement, and the Macroeconomy |
| By Tom Krebs; University of Mannheim Moritz Kuhn; University of Bonn Mark Wright; UCLA |
| Presented by: Tom Krebs, University of Mannheim |
| The Effect of Endogenous Human Capital Accumulation on Optimal Taxation |
| By William Peterman; Federal Reserve Board of Governors |
| Presented by: William Peterman, Federal Reserve Board of Governors |
| The Option Value of Human Capital |
| By Donghoon Lee; Federal Reserve Bank of New York Sang Yoon Lee; University of Mannheim Yongseok Shin; Washington University in St. Louis |
| Presented by: Sang Yoon Lee, University of Mannheim |
| Lifetime Labor Supply and Human Capital Investment |
| By Rody Manuelli; Washington University in St. Louis Ananth Seshadri; University of Wisconsin Yongseok Shin; Washington University in St. Louis |
| Presented by: Yongseok Shin, Washington University in St. Louis |
Session : Firm dynamics |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| A Framework for Dynamic Oligopoly in Concentrated Industries |
| By Gabriel Weintraub; Columbia University Bar Ifrach; Columbia Business School Vivek Farias; MIT |
| Presented by: Gabriel Weintraub, Columbia University |
| Asymmetric Firm Dynamics under Rational Inattention |
| By Anton Cheremukhin; Federal Reserve Bank of Dallas Antonella Tutino; Federal Reserve Bank of Dallas |
| Presented by: Antonella Tutino, Federal Reserve Bank of Dallas |
| International Trade and the Firm Size Distribution |
| By Loris Rubini; Universidad Carlos III de Madrid Facundo Piguillem; EIEF. Einaudi Institute for Economics and Finance |
| Presented by: Loris Rubini, Universidad Carlos III de Madrid |
| Firms Dynamics of Exports and Credit |
| By Daniel Paravisini; Columbia University Veronica Rappoport; Columbia University Kim Ruhl; New York University Stern School of Busi |
| Presented by: Veronica Rappoport, Columbia University |
Session : Indivisibilities and Aggregate Fluctuations |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Durable Goods Production and Inventory Dynamics: An Application to the Automobile Industry |
| By Adam Copeland; Federal Reserve Bank of New York James Kahn; Yeshiva University |
| Presented by: James Kahn, Yeshiva University |
| When Do Inventories Destabilize the Economy? ---A Tractable Approach to (S,s) Policies |
| By pengfei Wang; Hong Kong University of Science and Technology Yi Wen Zhiwei Xu; Hong Kong University of Science and Technology |
| Presented by: Zhiwei Xu, Hong Kong University of Science and Technology |
| Fixed Adjustment Costs and Aggregate Fluctuations |
| By Michael Elsby; University of Edinburgh Ryan Michaels; University of Rochester |
| Presented by: Michael Elsby, University of Edinburgh |
| Trade, Inventories, and International Business Cycles |
| By George Alessandria; Federal Reserve Bank of Philadelphia Joe Kaboski; University of Notre Dame Virgiliu Midrigan; New York University |
| Presented by: Joseph Kaboski, University of Notre Dame |
Session : Financial Frictions and the Macroeconomy |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Entrepreneurship and Technology Choice with Limited Contract Enforcement |
| [slides] |
| By Burak Uras; Tilburg University |
| Presented by: Burak Uras, Tilburg University |
| Costly Monitoring, Dynamic Incentives, and Default |
| By Gaetano Antinolfi; Washington University |
| Presented by: Gaetano Antinolfi, Washington University and Federal Reserve Board |
| Enduring Relationships in an Economy with Capital and Private Information |
| By Aubhik Khan; Ohio State University Latchezar Popov; The University of Virginia B Ravikumar; Federal Reserve Bank of St. Louis |
| Presented by: Latchezar Popov, The University of Virginia |
| Equilibrium Intermediation and Resource Allocation With a Frictional Credit Market |
| By Christian Bauer; University of Munich Jose V. Rodriguez Mora; university of Edinburgh |
| Presented by: Jose V. Rodriguez Mora, university of Edinburgh |
Session : General Equilibrium with Collateral Constraints |
| Date: June 22, 2012 |
| Time: 13:15 - 15:15 |
| Dynamic Competitive Economies with Complete Markets and Collateral Constraints |
| By Piero Gottardi; European University Institute Felix Kubler; University of Zurich and SFI |
| Presented by: Piero Gottardi, European University Institute |
| Equilibrium Collateral Constraints |
| By Cecilia Parlatore Siritto; NYU |
| Presented by: Cecilia Parlatore Siritto, NYU |
| Margin Requirements and Asset Prices |
| By Johannes Brumm; University of Zurich Michael Grill; Deutsche Bundesbank Felix Kubler; University of Zurich and SFI Karl Schmedders; University of Zurich and Swiss Finance Institute |
| Presented by: Johannes Brumm, University of Zurich |
| Collateral constraints and macroeconomic volatility |
| By Thomas Hintermaier; Economics, Univ Bonn Winfried Koeniger; Queen Mary University of London |
| Presented by: Winfried Koeniger, Queen Mary University of London |
Session : Financial Frictions, Information Frictions, and Monetary Policy |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Large Scale Asset Purchases as a Tool of Monetary Policy |
| By Mark Gertler; New York University Peter Karadi; European Central Bank |
| Presented by: Peter Karadi, European Central Bank |
| Do People Understand Monetary Policy? |
| By Carlos Carvalho; Pontificia Universidade Catolica do Rio de Janeiro (PUC-Rio) Fernanda Nechio; Federal Reserve Bank of San Francisco |
| Presented by: Fernanda Nechio, Federal Reserve Bank of San Francisco |
| Unconventional Optimal Repurchase Agreements |
| By Chao Gu; University of Missouri Joseph Haslag; University of Missouri--Columbia |
| Presented by: Chao Gu, University of Missouri |
| Corporate investment and bank-dependent borrowers during the recent financial crisis |
| By Philip Vermeulen; ECB |
| Presented by: Philip Vermeulen, ECB |
Session : Sovereign debt and crises |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| On The Stock of External Sovereign Debt |
| By Daniel Dias; UIUC - Economics & Cemapre Christine Richmond; International Monetary Fund Mark Wright; UCLA |
| Presented by: Mark Wright, UCLA |
| Linkages across sovereign debt markets |
| By Cristina Arellano; Federal Reserve Bank of Minneapolis Yan Bai; University of Rochester |
| Presented by: Yan Bai, University of Rochester |
| Credit Default Swaps and Sovereign Debt with Moral Hazard and Debt Renegotiation |
| By Batchimeg Sambalaibat; Carnegie Mellon University |
| Presented by: Batchimeg Sambalaibat, Carnegie Mellon University |
| Gambling for Redemption and Self-Fulfilling Debt Crises |
| By Juan Carlos Conesa; Universitat Autonoma de Barcelona Timothy Kehoe; University of Minnesota |
| Presented by: Timothy Kehoe, University of Minnesota |
Session : Industry Structure and Equilibrium |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| The Relationship between Market Structure and Innovation in Industry Equilibrium: A Case Study of the Global Automobile Industry |
| By Aamir Hashmi; National University of Singapore |
| Presented by: Aamir Hashmi, National University of Singapore |
| Entry under Subsidy: the Competitive U.S. Local Telephone Industry |
| By Ying Fan; University of Michigan Mo Xiao; University of Arizona |
| Presented by: Ying Fan, University of Michigan |
| The Determinants of Geographic Concentration of Industry: A Quantitative Analysis |
| By Luis Cabral; New York University Zhu Wang; Federal Reserve Bank of Richmond Daniel Yi Xu; Duke University |
| Presented by: Zhu Wang, Federal Reserve Bank of Richmond |
| What drives firm growth? The role of demand and TFP shocks |
| By Andrea Pozzi; Einaudi Institute for Economics and Fina Fabiano Schivardi; University of Cagliari |
| Presented by: Andrea Pozzi, Einaudi Institute for Economics and Fina |
Session : International Financial Markets |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| "Foreign Ownership of U.S. Safe Assets: Good or Bad?" |
| By Jack Favilukis; London School of Economics Sydney Ludvigson; New York University Stijn Van Nieuwerburgh; NYU Stern School of Business |
| Presented by: Stijn Van Nieuwerburgh, NYU Stern School of Business |
| International Correlation Risk |
| By Philippe Mueller; London School of Economics Andreas Stathopoulos; University of Southern California Andrea Vedolin; London School of Economics |
| Presented by: Andrea Vedolin, London School of Economics |
| Familiarity and Surprises in International Financial Markets: Bad news travels like wildfire, good news travels slow |
| By Thomas Wu; University of California, Santa Cruz Jordi Mondria; University of North Carolina at Chapel H |
| Presented by: Thomas Wu, University of California, Santa Cruz |
Session : Macro/Labor |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Measuring Mismatch in the US Labor Market |
| By Aysegul Sahin; Federal Reserve Bank of New York Joseph Song; Columbia University Giorgio Topa; Federal Reserve Bank of New York Gianluca Violante; NYU |
| Presented by: Gianluca Violante, NYU |
| Human Capital and Unemployment |
| By Fernando Alvarez; University of Chicago Robert Shimer; University of Chicago |
| Presented by: Robert Shimer, University of Chicago |
| What Do Participation Fluctuations Tell Us About Labor Supply Elasticities? |
| By Christian Haefke; Institut for Advanced Studies Michael Reiter; Institute for Advanced Studies |
| Presented by: Michael Reiter, Institute for Advanced Studies |
| Does Fiscal Policy Matter? Blinder and Solow Revisited |
| By Dmitry Plotnikov; University Of California, Los Angeles Roger Farmer; University of California Los Angeles |
| Presented by: Dmitry Plotnikov, University Of California, Los Angeles |
Session : Equilibrium effects of asymmetric information in decentralized markets |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Information, Commitment, and Separation in Illiquid Housing Markets |
| By Derek Stacey; Queen's University |
| Presented by: Derek Stacey, Queen's University |
| Adverse Selection and Liquidity Distortion in Decentralized Markets |
| By Briana Chang; Northwestern University |
| Presented by: Briana Chang, Northwestern University |
| Information Processing and Limited Liability |
| By Bartosz Mackowiak; European Central Bank |
| Presented by: Bartosz Mackowiak, European Central Bank |
| EFFICIENCY WITH ENDOGENOUS INFORMATION CHOICE |
| By Luis Llosa; UCLA Venky Venkateswaran |
| Presented by: Luis Llosa, UCLA |
Session : Limited participation in asset markets |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Asset Pricing with Heterogeneous Investors and Portfolio Constraints |
| By Georgy Chabakauri; London School of Economics |
| Presented by: Georgy Chabakauri, London School of Economics |
| Asset Market Participation and Portfolio Choice over the Life-Cycle |
| By Andreas Fagereng; European University Institute Charles Gottlieb; Oxford University Luigi Guiso |
| Presented by: Charles Gottlieb, Oxford University |
| Concentrated Ownership and Equilibrium Asset Prices |
| By Valentin Haddad; University of Chicago |
| Presented by: Valentin Haddad, University of Chicago |
| Inequality and Asset Prices |
| By Daniel Barczyk; McGill University Matthias Kredler; Universidad Carlos III Madrid |
| Presented by: Matthias Kredler, Universidad Carlos III Madrid |
Session : Pricing and gains from trade |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Retail Price Differences across U.S. and Canadian Cities during the Interwar Period |
| By Chris Hajzler; University of Otago James MacGee; UWO |
| Presented by: Chris Hajzler, University of Otago |
| The Geography of Consumer Prices |
| By Attila Ratfai; Central European University Adam Reiff; National Bank of Hungary |
| Presented by: Adam Reiff, National Bank of Hungary |
| The Trade Comovement Puzzle and the Margins of International Trade |
| By Ana Santacreu; INSEAD |
| Presented by: Ana Santacreu, INSEAD |
| Trade and Synchronization in a Multi Country Economy |
| By Luciana Juvenal; Federal Reserve Bank of St Louis Paulo Santos Monteiro; University of Warwick |
| Presented by: Luciana Juvenal, Federal Reserve Bank of St Louis |
Session : College major choice and occupational choice |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| The Specificity of General Human Capital: Evidence from College Major Choice |
| By Josh Kinsler; University of Rochester Ronni Pavan; University of Rochester |
| Presented by: Ronni Pavan, University of Rochester |
| Long-Lasting Effects of Socialist Education |
| By Nicola Fuchs-Schündeln; Goethe University Frankfurt /Main Paolo Masella; Mannheim University |
| Presented by: Nicola Fuchs-Schündeln, Goethe University Frankfurt /Main |
| Skill Uncertainty, Skill Accumulation, and Occupational Choice |
| By Carl Sanders; Washington University in St. Louis |
| Presented by: Carl Sanders, Washington University in St. Louis |
| Competence, Complementarity, and Career Choice |
| By Simeon Alder; University of Notre Dame Fane Naja Groes; Copenhagen Business School |
| Presented by: Simeon Alder, University of Notre Dame |
Session : Sectoral Dimensions of Aggregate Fluctuations |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Why Does Employment in All Major Sectors Move Together over the Business Cycle? |
| By Yaniv Yedid-Levi; The University of British Columbia |
| Presented by: Yaniv Yedid-Levi, The University of British Columbia |
| Sectoral Interactions and Monetary Policy Under Costly Price Adjustments |
| By Jonathan Willis; Federal Reserve Bank of Kansas City Kevin X.D. Huang; Vanderbilt University |
| Presented by: Jonathan Willis, Federal Reserve Bank of Kansas City |
| Technology Shocks in a Two-Sector DSGE Model |
| By Susanto Basu; Boston College John Fernald; Federal Reserve Bank of San Francisco Zheng Liu; Federal Reserve Bank of San Francisco |
| Presented by: John Fernald, Federal Reserve Bank of San Francisco |
| A Theory of Energy Use |
| By Antonia Díaz; University Carlos III Luis Puch; Univ. Complutense |
| Presented by: Antonia Díaz, University Carlos III |
Session : Asset Prices with Heterogeneous Agents |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| Life-Cycle Portfolio Choice, the Wealth Distribution and Asset Prices |
| By Felix Kubler; IBF, University of Zurich and Swiss Finance Institute Karl Schmedders; University of Zurich and Swiss Finance Institute |
| Presented by: Karl Schmedders, University of Zurich and Swiss Finance Institute |
| Wealth Dynamics in a Bond Economy with Heterogeneous Beliefs |
| By Timothy Cogley; New York University Thomas Sargent; New York University Viktor Tsyrennikov; Cornell |
| Presented by: Viktor Tsyrennikov, Cornell |
| Rational Asset Pricing Bubbles Revisited |
| By Jan Werner; University of Minnesota |
| Presented by: Jan Werner, University of Minnesota |
| Trading Volume in General Equilibrium with Complete Markets |
| By Eric Aldrich; Federal Reserve Bank of Atlanta |
| Presented by: Eric Aldrich, Federal Reserve Bank of Atlanta |
Session : Empirical Labor |
| Date: June 22, 2012 |
| Time: 15:45 - 17:45 |
| https://sites.google.com/site/econsalvador/Research/dfn12-16-11.pdf?attredirects=0 |
| By Steven Durlauf; University of Wisconsin Chao Fu; University of Wisconsin-Madison Salvador Navarro; University of Western Ontario |
| Presented by: Salvador Navarro, University of Western Ontario |
| Ex-ante and ex-post evaluation of the 1989 French welfare reform using a natural experiment : the 1908 social laws in Alsace-Moselle |
| By Etienne Wasmer; Sciences-Po |
| Presented by: Etienne Wasmer, Sciences-Po |
| Wages, Job Queues, and Skills |
| By Ioana Marinescu; University of Chicago Ronald Wolthoff; University of Toronto |
| Presented by: Ioana Marinescu, University of Chicago |
| Higher education dropouts, access to credit, and labor market outcomes: Evidence from Chile |
| By Tomas Rau; Universidad Católica de Chile Sergio Urzua; University of Maryland |
| Presented by: Tomas Rau, Universidad Católica de Chile |
Session : Subjective Expectations |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| HIV/AIDS-related Expectations and Risky Sexual Behavior in Malawi |
| By Adeline Delavande; RAND Corporation |
| Presented by: Adeline Delavande, RAND Corporation |
| Inflation Expectations and Behavior: Do Survey Respondents Act on their Beliefs? |
| By Olivier Armantier; Federal Reserve Bank of New York Wandi Bruine de Bruin; Carnegie Mellon University Giorgio Topa; Federal Reserve Bank of New York Wilbert van der Klaauw; Federal Reserve Bank of New York Basit Zafar; Federal Reserve Bank of New York |
| Presented by: Wilbert van der Klaauw, Federal Reserve Bank of New York |
| Using Subjective Expectations Data to Allow for Unobserved Heterogeneity in Hotz-Miller Estimation Strategies |
| By Juan Pantano; Washington University in St. Louis Yu Zheng; City University of Hong Kong |
| Presented by: Juan Pantano, Washington University in St. Louis |
Session : International Business Cycle |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Comparing General and Partial Equilibrium Approaches to the Study of Real Business Cycles |
| By Mario Crucini; Vanderbilt University |
| Presented by: Mario Crucini, Vanderbilt University |
| Capital Controls with International Reserve Accumulation: Can this Be Optimal? |
| By Philippe Bacchetta Kenza Benhima; University of Lausanne (HEC) Yannick Kalantzis; Banque de France |
| Presented by: Kenza Benhima, University of Lausanne (HEC) |
| Should macroeconomic forecasters use daily financial data and how? |
| By Elena Andreou; University of Cyprus Eric Ghysels; UNC Andros Kourtellos; University of Cyprus |
| Presented by: Elena Andreou, University of Cyprus |
| Pricing To Market In Business Cycle Models |
| By Lukasz Drozd; University of Pennsilvania |
| Presented by: Lukasz Drozd, University of Pennsilvania |
Session : Auction Markets |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Common Agency and Coordinated Bids in Sponsored Search Auctions |
| By Francesco Decarolis; University of Wisconsin Madison Maris Goldmanis; Royal Holloway, University of London Antonio Penta; University of Wisconsin, Madison |
| Presented by: Francesco Decarolis, University of Wisconsin Madison |
| Multi-Attribute Auctions with Unobserved Heterogeneity in Supplier Qualities and Buyers Tastes |
| By Elena Krasnokutskaya; Johns Hopkins University |
| Presented by: Elena Krasnokutskaya, Johns Hopkins University |
| Markets for Data |
| By Dirk Bergemann; Yale University Alessandro Bonatti; MIT |
| Presented by: Alessandro Bonatti, MIT |
| Buy-it-now or Take-a-chance: A New Pricing Mechanism for Online Advertising |
| By Elisa Celis; University of Washington Gregory Lewis; Harvard University Markus Mobius; Microsoft Research Hamid Nazerzadeh; University of Southern California |
| Presented by: Gregory Lewis, Harvard University |
Session : International Macroeconomics and Finance |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| The Transmission of US Shocks to Emerging Markets |
| By Kolver Hernandez; University of Delaware Asli Leblebicioglu; North Carolina State University |
| Presented by: Kolver Hernandez, University of Delaware |
| Crash Risk in Currency Returns |
| By Mikhail Chernov; London School of Economics Jeremy Graveline; University of Minnesota Irina Zviadadze; London Business School |
| Presented by: Irina Zviadadze, London Business School |
| Salvaging the C-CAPM: Currency Carry Trade Risk Premia and Conditioning Information |
| By Abhay Abhyankar; University of Edinburgh Angelica Gonzalez; University of Edinburgh Olga Klinkowska; University of Aberdeen Business School |
| Presented by: Olga Klinkowska, University of Aberdeen Business School |
| A Long-Run Risks Explanation of Predictability Puzzles in Bond and Currency Markets |
| By Ravi Bansal; Duke University Ivan Shaliastovich; University of Pennsylvania |
| Presented by: Ivan Shaliastovich, University of Pennsylvania |
Session : Trade and Labor Market |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Skill premium and trade puzzles: A solution linking production factors and demand |
| By Thibault FALLY; University of Colorado at Boulder |
| Presented by: Thibault FALLY, University of Colorado at Boulder |
| Threatening to Offshore in a Search Model of the Labor Market |
| By David Arseneau; Federal Reserve Board Sylvain Leduc; Federal Reserve Bank of San Francisco |
| Presented by: David Arseneau, Federal Reserve Board |
| International Trade and Macroeconomic Dynamics with Labor Market Frictions |
| By Matteo Cacciatore; HEC Montreal |
| Presented by: Matteo Cacciatore, HEC Montreal |
| Trade, Wages, and Profits |
| By Hartmut Egger; University of Bayreuth Peter Egger; ETH Zurich Udo Kreickemeier; University of Tuebingen |
| Presented by: Hartmut Egger, University of Bayreuth |
Session : Financial Crises |
| Session Chair: Veronica Guerrieri, University of Chicago |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| A theory of asset prices based on heterogeneous information |
| By Elias Albagli; University of Southern California Christian Hellwig; Toulouse School of Economics Aleh Tsyvinski; Yale University |
| Presented by: Christian Hellwig, Toulouse School of Economics |
| Sophisticated Intermediation and Aggregate Volatility |
| By Luigi Iovino; MIT |
| Presented by: Luigi Iovino, MIT |
| Inefficient Investment Waves |
| By Peter Kondor; Central European University |
| Presented by: Peter Kondor, Central European University |
| Markets with Multidimensional Private Information |
| By Veronica Guerrieri; University of Chicago Robert Shimer; University of Chicago |
| Presented by: Veronica Guerrieri, University of Chicago |
Session : Housing |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Flippers in Housing Market Search |
| By Chung-Yi Tse; University of Hong Kong Charles Ka Yui Leung; City Univ. of Hong Kong |
| Presented by: Chung-Yi Tse, University of Hong Kong |
| The Role of Housing in Labor Reallocation |
| [slides] |
| By Morris Davis; University of Wisconsin-Madison, School Jonas Fisher; Federal Reserve Bank of Chicago Marcelo Veracierto; Federal Reserve Bank of Chicago |
| Presented by: Marcelo Veracierto, Federal Reserve Bank of Chicago |
| The New Deal, the GI Bill, and the Post-War Housing |
| By Matthew Chambers; Towson University Carlos Garriga; Federal Reserve Bank of St. Louis Don Schlagenhauf; Florida State University |
| Presented by: Don Schlagenhauf, Florida State University |
| Housing in Retirement: A Cross-Country Analysis |
| By Makoto Nakajima; Federal Reserve Bank of Philadelphia Irina Telyukova; University of California San Diego |
| Presented by: Irina Telyukova, University of California San Diego |
Session : Economic Development across Time and Space |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| The Decline of the U.S. Rust Belt: A Macroeconomic Analysis |
| By Simeon Alder; University of Notre Dame David Lagakos; Arizona State University Lee Ohanian; University of California Los Angeles |
| Presented by: David Lagakos, Arizona State University |
| Convergence Across Castes |
| By Viktoria Hnatkovska; University of British Columbia Amartya Lahiri; University of British Columbia |
| Presented by: Amartya Lahiri, University of British Columbia |
| A Quantitative Theory of HIV Diffusion |
| By Raul Santaeulalia-Llopis; Washington University in St. Louis Rody Manuelli; Washington University in St. Louis |
| Presented by: Raul Santaeulalia-Llopis, Washington University in St. Louis |
| Experience Matters for Development Accounting |
| By Benjamin Moll; Princeton University |
| Presented by: Benjamin Moll, Princeton University |
Session : Optimal Taxation |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Optimal Social Insurance with Endogenous Health |
| By Tobias Laun; Stockholm School of Economics |
| Presented by: Tobias Laun, Stockholm School of Economics |
| Optimal Capital Taxation with Idiosyncratic Investment Risk |
| By Vasia Panousi; Federal Reserve Board Catarina Reis; Universidade Catolica Portuguesa |
| Presented by: Vasia Panousi, Federal Reserve Board |
| On the Optimality of Progressive Income Redistribution |
| By Ozan Bakis; Galatasaray University Economic Research Center (GIAM), Baris Kaymak; Universite de Montreal Markus Poschke; McGill |
| Presented by: Markus Poschke, McGill |
| Heterogeneity in Labor Supply Elasticity and Optimal Taxation |
| By Marios Karabarbounis; University of Rochester |
| Presented by: Marios Karabarbounis, University of Rochester |
Session : Monetary Policy in a Financial Crisis |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints |
| By Taisuke Nakata; New York University |
| Presented by: Taisuke Nakata, New York University |
| The Macroeconomic Effects of Large-Scale Asset Purchase Programs |
| By Han Chen; University of Pennsylvania Vasco Curdia; Federal Reserve Bank of New York Andrea Ferrero; Federal Reserve Bank of New York |
| Presented by: Han Chen, University of Pennsylvania |
| Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound |
| By Gert Peersman; Ghent University |
| Presented by: Gert Peersman, Ghent University |
| Optimal Monetary Responses to Asset Price Levels and Fluctuations: The Ramsey Problem and A Primal Approach |
| By Wei Cui; Princeton University Diogo Guillen; Princeton University |
| Presented by: Wei Cui, Princeton University |
Session : Imperfect Information, Learning, and the Labor Market |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Experience and Worker Flows |
| By Aspen Gorry; UC, Santa Cruz |
| Presented by: Aspen Gorry, UC, Santa Cruz |
| Learning Through Referrals |
| By Manolis Galenianos; Pennsylvania State University |
| Presented by: Manolis Galenianos, Pennsylvania State University |
| Learning and Labor Market Flows |
| By Katarina Borovickova; University of Chicago |
| Presented by: Katarina Borovickova, University of Chicago |
| The Assignment of Workers to Jobs with Endogenous Information Selection |
| By Anton Cheremukhin; Federal Reserve Bank of Dallas Paulina Restrepo-Echavarria; The Ohio State University Antonella Tutino; Federal Reserve Bank of Dallas |
| Presented by: Anton Cheremukhin, Federal Reserve Bank of Dallas |
Session : Risk and entrepreneurial choice |
| Date: June 23, 2012 |
| Time: 10:00 - 12:00 |
| Why Rent When You Can Buy? A Theory of Repurchase Agreements |
| By Cyril Monnet; Universitat Bern Borghan Nezami Narajabad; Rice University |
| Presented by: Borghan Nezami Narajabad, Rice University |
| Financial Amplification, Executive Compensation, and Optimal Capital Structure |
| By Joachim Jungherr; European University Institute |
| Presented by: Joachim Jungherr, European University Institute |
| Coarse Information and Entrepreneurial Risk Choice |
| By Pierre-Yves Yanni; UQAM |
| Presented by: Pierre-Yves Yanni, UQAM |
| Risking Other People's Money: Gambling, Limited Liability, and Optimal Incentives |
| By Alexei Tchistyi; Haas School of Business, UC Berkeley |
| Presented by: Alexei Tchistyi, Haas School of Business, UC Berkeley |
Session : Sectors, Structural Change, and Development |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Why is Measured Productivity so Low in Agriculture? |
| By Berthold Herrendorf; Arizona State University Todd Schoellman; Arizona State University |
| Presented by: Todd Schoellman, Arizona State University |
| Trade, Urbanization and Capital Accumulation in a Labor Surplus Economy |
| By Eric Bond; Vanderbilt University Raymond Riezman; University of Iowa Ping Wang; Washington University |
| Presented by: Ping Wang, Washington University |
| Relative Prices and Sectoral Productivity |
| By Margarida Duarte; University of Toronto Diego Restuccia; University of Toronto |
| Presented by: Diego Restuccia, University of Toronto |
| The Agricultural Productivity Gap in Developing Countries |
| By Douglas Gollin; Williams College |
| Presented by: Douglas Gollin, Williams College |
Session : Tax Policy |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities |
| By Thomas Piketty; Paris School of Economics Emmanuel Saez; University of California Berkeley Stefanie Stantcheva; MIT |
| Presented by: Stefanie Stantcheva, MIT |
| Redistributive Taxation in a Roy Model |
| By Casey Rothschild; Wellesley College Florian Scheuer; Stanford University |
| Presented by: Florian Scheuer, Stanford University |
| Education and Optimal Dynamic Taxation |
| By Sebastian Findeisen; University of Zurich Dominik Sachs; Universität Konstanz |
| Presented by: Sebastian Findeisen, University of Zurich |
| Selection and Incentives: Optimal Taxation with Occupational Choice and Private Information |
| By Stefania Albanesi; Federal Reserve Bank of New York |
| Presented by: Stefania Albanesi, Federal Reserve Bank of New York |
Session : Complimentarities and Multiplicity in Macroeconomics |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| The Stock Market Crash of 2008 Caused the Great Recession |
| By Roger Farmer; University of California Los Angeles |
| Presented by: Roger Farmer, University of California Los Angeles |
| A Traffic-Jam model of Recessions |
| By Jennifer La'O; University of Chicago |
| Presented by: Jennifer La'O, University of Chicago |
| Wealth and Volatility |
| By Jonathan Heathcote; Federal Reserve Bank of Minneapolis Fabrizio Perri; University of Minnesota |
| Presented by: Fabrizio Perri, University of Minnesota |
| The Shopping Multiplier |
| By Greg Kaplan; University of Pennsylvania |
| Presented by: Greg Kaplan, University of Pennsylvania |
Session : Macroeconometrics I |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Does Inflation Walk on Unstable Paths? Rational Sunspots and Drifting Parameters |
| By Guido Ascari; Universita degli Studi di Pavia Paolo Bonomolo; University of Pavia |
| Presented by: Paolo Bonomolo, University of Pavia |
| Heterogeneous Consumers and Fiscal Policy Shocks |
| By Barbara Rossi; ICREA, Duke, UPF, CREI Tatevik Sekhposyan; Bank of Canada |
| Presented by: Barbara Rossi, ICREA, Duke, UPF, CREI |
| Incorporating theoretical restrictions into forecasting by projection methods |
| By Raffaella Giacomini; University College London |
| Presented by: Raffaella Giacomini, University College London |
| Nowcasting with Daily Data |
| By Marta Banbura; European Central Bank Domenico Giannone; Université Libre de Bruxelles Michele Modugno; ECB Lucrezia Reichlin; London Business School |
| Presented by: Domenico Giannone, Université Libre de Bruxelles |
Session : Industry Dynamics |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| A Quantitative Analysis of the Used Car Market |
| By Alessandro Gavazza; New York University Alessandro Lizzeri; New York University Nikita Roketskiy; New York University |
| Presented by: Alessandro Gavazza, New York University |
| A Dynamic Model of Leap-Frogging Investments and Bertrand Price Competition |
| By Fedor Iskhakov; University of Technology Sydney John Rust; University of Maryland Bertel Schjerning; University of Copenhagen |
| Presented by: John Rust, University of Maryland |
| Simple Markov-Perfect Industry Dynamics |
| By Jaap Abbring; Tilburg University Jeffrey Campbell; Federal Reserve Bank of Chicago Nan Yang; Tilburg University |
| Presented by: Jeffrey Campbell, Federal Reserve Bank of Chicago |
| The Aggregate Implications of Mergers and Acquisitions |
| By Joel David; UCLA |
| Presented by: Joel David, UCLA |
Session : Exchange Rates and Prices |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Global Versus Local Shocks in Micro Price Dynamics |
| By Marios Zachariadis; University of Cyprus |
| Presented by: Marios Zachariadis, University of Cyprus |
| Market Structure and Pass-Through |
| By Raphael Auer; Swiss National Bank Raphael Schoenle; Brandeis University |
| Presented by: Raphael Auer, Swiss National Bank |
| Export Dynamics in Large Devaluations |
| By George Alessandria; Federal Reserve Bank of Philadelphia Sangeeta Pratap; Hunter College and CUNY Graduate Center Vivian Yue; Federal Reserve Board |
| Presented by: George Alessandria, Federal Reserve Bank of Philadelphia |
| Financial Crises and Exchange Rate Policy |
| By Luca Fornaro; London School of Economics |
| Presented by: Luca Fornaro, London School of Economics |
Session : Microeconomic Theory |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Optimal Long-term Contracting with Learning |
| By Zhiguo He; University of Chicago, Booth School of Business Bin Wei; Federal Reserve Board Jianfeng Yu; University of Minnesota |
| Presented by: Bin Wei, Federal Reserve Board |
| Optimal Self-enforcing and Termination |
| By Cheng Wang; Iowa State University |
| Presented by: Cheng Wang, Iowa State University |
| A theory of search with recall and uncertain deadlines |
| By Nuray Akin; University of Miami Brennan Platt; Brigham Young University |
| Presented by: Nuray Akin, University of Miami |
| Deliberate Limits to Arbitrage |
| By Igor Makarov; London Business School Guillaume Plantin; Toulouse School of Economics |
| Presented by: Igor Makarov, London Business School |
Session : Female labor supply |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Math and Gender: What if Girls Do Math? |
| By Juanna Joensen; Stockholm School of Economics |
| Presented by: Juanna Joensen, Stockholm School of Economics |
| The Disappearing Gender Gap: The impact of divorce, wages, and preferences on education and women's work |
| By Raquel Fernández; New York University joyce wong; NYU |
| Presented by: joyce wong, NYU |
| Female Employment and Structural Transformation |
| By Rachel Ngai; london school of economics Barbara Petrongolo; Queen Mary University and CEP (LSE) |
| Presented by: Rachel Ngai, london school of economics |
| Peer effects in education, sport and screen activities: local aggregate or local average? |
| By Xiaodong Liu; University of Colorado at Boulder eleonora patacchini; University of Rome, La Sapienza - EIEF Yves Zenou; Stockholm University |
| Presented by: eleonora patacchini, University of Rome, La Sapienza - EIEF |
Session : Government debt |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Credit Markets, Limited Commitment, and Government Debt |
| By Francesca Carapella; Board of Governors of the Federal Reserv Stephen Williamson; Washington University in St. Louis |
| Presented by: Stephen Williamson, Washington University in St. Louis |
| Is Debt Overhang a Problem for Monetray Policy? |
| By Costas Azariadis; Dept of Economics James Bullard; Federal Reserve Bank of St. Louis Aarti Singh; University of Sydney Jacek Suda; Banque de France - Paris School of Economics |
| Presented by: Jacek Suda, Banque de France - Paris School of Economics |
| Debt, Inflation and Central Bank Independence |
| By Fernando Martin; Federal Reserve Bank of St. Louis |
| Presented by: Fernando Martin, Federal Reserve Bank of St. Louis |
| Debt Financing |
| By Bernardino Adao; Banco de Portugal Andre Silva; Universidade Nova de Lisboa |
| Presented by: Andre Silva, Universidade Nova de Lisboa |
Session : Corporate Savings |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| The Macroeconomics of Firms' Savings |
| By Roc Armenter; Federal Reserve Bank of Philadelphia Viktoria Hnatkovska; University of British Columbia |
| Presented by: Viktoria Hnatkovska, University of British Columbia |
| The Joint Dynamics of Internal and External Finance |
| By Andrea Eisfeldt; UCLA Anderson School of Management Tyler Muir; Northwestern University |
| Presented by: Tyler Muir, Northwestern University |
| Intangible Capital and Corporate Cash Holdings: Theory and Evidence |
| By jae sim Antonio Falato; Federal Reserve Board Dalida Kadyrzhanova; University of Maryland |
| Presented by: jae sim, |
| Credit Lines as Monitored Liquidity Insurance: Theory and Evidence |
| By Viral Acharya; New York University Heitor Almeida; University of Illinois Filippo Ippolito; Universitat Pompeu Fabra Ander Perez; Universitat Pompeu Fabra |
| Presented by: Ander Perez, Universitat Pompeu Fabra |
Session : Understanding Financial Crises |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Moral hazard credit cycles with risk-averse agents |
| By Roger Myerson; University of Chicago |
| Presented by: Roger Myerson, University of Chicago |
| Strategic Complementarity, Fragility, and Regulation |
| By Xavier Vives; IESE BUSINESS SCHOOL |
| Presented by: Xavier Vives, IESE Business School |
| Review Of Theories of Financial Crises |
| By Itay Goldstein; University of Pennsylvania Assaf Razin; tel aviv university |
| Presented by: Assaf Razin, tel aviv university |
| Bubbles or Fundamentals? Understanding Boom and Bust Episodes in the Housing Market |
| By Carlos Garriga; Federal Reserve Bank of St. Louis Rodolfo Manuelli; Washington University in St. Louis Adrian Peralta-Alva; Federal Reserve Bank of St. Louis |
| Presented by: Carlos Garriga, Federal Reserve Bank of St. Louis |
Session : Wages and Worker Assignment |
| Date: June 23, 2012 |
| Time: 13:15 - 15:15 |
| Interviews and the Assignment of Workers to Jobs |
| By Benjamin Lester; Federal Reserve Bank of Philadelphia Ronald Wolthoff; University of Toronto |
| Presented by: Ronald Wolthoff, University of Toronto |
| The Evolution of U.S. Wages: Skill Prices versus Human Capital |
| By Lutz Hendricks; UNC Chapel Hill |
| Presented by: Lutz Hendricks, UNC Chapel Hill |
| Wage Determination and Labor Market Volatility under Mismatch |
| By William Hawkins; University of Rochester |
| Presented by: William Hawkins, University of Rochester |
| Accounting for idiosyncratic wage risk over the business cycle |
| By Alisdair McKay; Boston University Tamas Papp; Institute for Advanced Studies |
| Presented by: Tamas Papp, Institute for Advanced Studies |
Session : Empirical Analysis of Life-Cycle Models |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| The long-term effects of in-work benefits in a life-cycle model for policy evaluation |
| By Richard Blundell; UCL Monica Costa Dias; IFS Costas Meghir; Yale Jonathan Shaw; Institute for Fiscal Studies |
| Presented by: Jonathan Shaw, Institute for Fiscal Studies |
| The Age-Time-Cohort Problem and the Identification of Structural Parameters in Life-Cycle Models |
| By Sam Schulhofer-Wohl; Federal Reserve Bank of Minneapolis |
| Presented by: Sam Schulhofer-Wohl, Federal Reserve Bank of Minneapolis |
| Wage and Earnings Profiles at Older Ages |
| By Maria Casanova; UCLA |
| Presented by: Maria Casanova, UCLA |
| MODELING EARNINGS DYNAMICS |
| By Joseph Altonji; Yale University |
| Presented by: Joseph Altonji, Yale University |
Session : Financial Crises and Defaults in Open Economies |
| Session Chair: Vivian Yue, Federal Reserve Board of Governors |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| Sovereign Risk and Financial Risk |
| By Vivian Yue; Federal Reserve Board |
| Presented by: Vivian Yue, Federal Reserve Board |
| Expropriation Risk and Aggregate Productivity with Heterogeneous Firms |
| By Virginia Olivella; Banque de France |
| Presented by: Virginia Olivella, Banque de France |
| Pegs and Pain |
| By Stephanie Schmitt-Grohe; Columbia University Martin Uribe; Columbia University |
| Presented by: Martin Uribe, Columbia University |
| Sources of Fluctuations in Emerging Markets: Structural Estimation with Mixed Frequency Data |
| By Sebastian Rondeau; Columbia University |
| Presented by: Sebastian Rondeau, Columbia University |
Session : Organizations and Global Production |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| The Anatomy of French Production Hierarchies |
| By Lorenzo Caliendo; Yale University Ferdinando Monte; Johns Hopkins University, Carey Business School Esteban Rossi-Hansberg; Princeton University |
| Presented by: Lorenzo Caliendo, Yale University |
| Offshoring and Directed Technical Change |
| By Daron Acemoglu; Massachusetts Institute of Technology Gino Gancia; CREI and UPF Fabrizio Zilibotti; University of Zurich |
| Presented by: Gino Gancia, CREI and UPF |
| Entrepreneurship and Occupational Choice in the Global Economy |
| By Ali Ozdagli; Federal Reserve Bank of Boston Federico Diez; Federal Reserve Bank of Boston |
| Presented by: Federico Diez, Federal Reserve Bank of Boston |
| Back to Basics: Basic Research Spillovers, Innovation Policy and Growth |
| By Ufuk Akcigit; University of Pennsylvania Douglas Hanley; University of Pennsylvania Nicolas Serrano-Velarde; Oxford University |
| Presented by: Douglas Hanley, University of Pennsylvania |
Session : Topics in International Trade |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| A Model of Trade with Endogenous Transportation Costs |
| By Jose Asturias; University of Minnesota Scott Petty; University of Minnesota |
| Presented by: Jose Asturias, University of Minnesota |
| Different Trade Models, Different Trade Elasticities? |
| By Ina Simonovska; University of California, Davis Michael Waugh; New York University |
| Presented by: Ina Simonovska, University of California, Davis |
| Diversification through Trade |
| By Francesco Caselli; London School of Economics Miklos Koren; Central European University Silvana Tenreyro; London School of Economics |
| Presented by: Silvana Tenreyro, London School of Economics |
| Imported Inputs and the Gains from Trade |
| By Ananth Ramanarayanan; University of Western Ontario |
| Presented by: Ananth Ramanarayanan, University of Western Ontario |
Session : Matching and Sorting |
| Session Chair: Iourii Manovskii, University of Pennsylvania |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| Matching Information |
| By Jan Eeckhout; University College London and GSE-UPF |
| Presented by: Jan Eeckhout, University College London and GSE-UPF |
| The Macrodynamics of Sorting between Workers and Firms |
| By Jean-Marc Robin; Sciences-Po Jeremy Lise; University College London |
| Presented by: Jean-Marc Robin, Sciences-Po |
| Dance with the One that Brought You? Matching and Sorting in a Global Economy |
| By Gene Grossman; Princeton University Elhanan Helpman; Harvard University Philipp Kircher; LSE |
| Presented by: Philipp Kircher, LSE |
| Identifying Sorting - In Data |
| By Iourii Manovskii; University of Pennsylvania |
| Presented by: Iourii Manovskii, University of Pennsylvania |
Session : Macroeconometrics II |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| Estimating Nonlinear Economic Models Using Surrogate Transitions |
| By Matthew Smith; Federal Reserve Board |
| Presented by: Matthew Smith, Federal Reserve Board |
| MEASURING THE DYNAMIC EFFECTS OF MONETARY POLICY SHOCKS: A BAYESIAN FAVAR APPROACH WITH SIGN RESTRICTION |
| By Pooyan Amir Ahmadi; Goethe University Harald Uhlig; University of Chicago |
| Presented by: Pooyan Amir Ahmadi, Goethe University |
| The Economics of Options-Implied Inflation Probability Density Functions |
| By Yuriy Kitsul; Federal Reserve Board Jonathan Wright; Johns Hopkins University |
| Presented by: Yuriy Kitsul, Federal Reserve Board |
| The Low-Frequency Impact of Daily Monetary Policy Shock |
| By Neville Francis; University of North Carolina, Chapel Hil |
| Presented by: Neville Francis, University of North Carolina, Chapel Hil |
Session : Credit Constraints and Households Debt |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| Land-Price Dynamics and Macroeconomic Fluctuations |
| By Zheng Liu; Federal Reserve Bank of San Francisco pengfei Wang; Hong Kong University of Science and Technology Tao Zha; Federal Reserve Bank of Atlanta |
| Presented by: Zheng Liu, Federal Reserve Bank of San Francisco |
| Collateral Constraints and Macroeconomic Asymmetries |
| By Matteo Iacoviello; Federal Reserve Board Luca Guerrieri; Federal Reserve Board |
| Presented by: Matteo Iacoviello, Federal Reserve Board |
| Liquidity Constraints of the Middle Class |
| By Zvi Hercowitz; Tel Aviv University Jeffrey Campbell; Federal Reserve Bank of Chicago |
| Presented by: Zvi Hercowitz, Tel Aviv University |
| Deleveraging of the household sector |
| By Giorgio Primiceri; Northwestern University |
| Presented by: Giorgio Primiceri, Northwestern University |
Session : Innovation and Productivity |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| A Structural Model of Dmand, Cost, and Export Market Selection for Chinese Footwear Producers |
| By Mark Roberts; Penn State University Daniel Yi Xu; Duke University |
| Presented by: Mark Roberts, Penn State University |
| Innovation, Reallocation and Growth |
| By Daron Acemoglu; Massachusetts Institute of Technology Ufuk Akcigit; University of Pennsylvania Nicholas Bloom; Stanford University William Kerr; Harvard University |
| Presented by: Ufuk Akcigit, University of Pennsylvania |
| Trade Costs, Innovation, and the Gains from Trade |
| By Jeff Thurk; University of Notre Dame |
| Presented by: Jeff Thurk, University of Notre Dame |
| On the Identification of Production Functions: How Heterogeneous is Productivity? |
| By Amit Gandhi; University of Wisconsin Salvador Navarro; University of Western Ontario David Rivers; University of Western Ontario |
| Presented by: David Rivers, University of Western Ontario |
Session : Liquidity and Information |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| Time-varying fund manager skill |
| By Laura Veldkamp; NYU Stern |
| Presented by: Laura Veldkamp, NYU Stern |
| The I Theory of Money |
| By Markus Brunnermeier; Princeton University Yuliy Sannikov; Princeton University |
| Presented by: Markus Brunnermeier, Princeton University |
| Liquidity and Fragility in OTC Credit Derivatives Markets |
| By Andrew Atkeson; University of California Andrea Eisfeldt; UCLA Anderson School of Management Pierre-Olivier Weill; UCLA |
| Presented by: Pierre-Olivier Weill, UCLA |
| The Predictability of Returns with Regime Shifts in Consumption and Dividend Growth |
| By George Constantinides; University Of Chicago |
| Presented by: George Constantinides, University Of Chicago |
Session : Development economics: evidence from the field and economic history |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| Incentives & Nutrition for Rotten Kids: The Quantity & Quality of Food Allocated within Philippine Households |
| By Pierre Dubois; Toulouse School of Economics Ethan Ligon; University of California, Berkeley |
| Presented by: Ethan Ligon, University of California, Berkeley |
| Targeting the Poor: A Macroeconomic Analysis of Cash Transfer Programs |
| By Tiago Berriel; EPGE-FGV Eduardo Zilberman; PUC-Rio |
| Presented by: Tiago Berriel, EPGE-FGV |
| Agricultural Productivity and Industrial Growth. Evidence from Brazil |
| By Paula Bustos; Universitat Pompeu Fabra Bruno Caprettini; Universitat Pompeu Fabra Jacopo Ponticelli; UPF |
| Presented by: Jacopo Ponticelli, UPF |
| Failure to Launch? The Role of Land Inequality in Transition Delays |
| By Andros Kourtellos; University of Cyprus Ioanna Stylianou; University Of Cyprus Chih Ming Tan; Clark University |
| Presented by: Andros Kourtellos, University of Cyprus |
Session : The effectiveness of fiscal policy |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States |
| By Karel Mertens; Cornell University Morten Ravn; University College London |
| Presented by: Karel Mertens, Cornell University |
| Estimating the Effects of Standard Fiscal and Bank Rescue Measures |
| By Jan in 't Veld; European Commission Robert Kollmann; ECARES, Université Libre de Bruxelles a Marco Ratto; European Commission Werner Roeger; European Commission |
| Presented by: Jan in 't Veld, European Commission |
| What is the role of the automatic stabilizers in the U.S. business cycle? |
| By Alisdair McKay; Boston University Ricardo Reis; Columbia University |
| Presented by: Alisdair McKay, Boston University |
| Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment |
| By Sylvain Leduc; Federal Reserve Bank of San Francisco Daniel Wilson; Federal Reserve Bank of San Francisco |
| Presented by: Daniel Wilson, Federal Reserve Bank of San Francisco |
Session : Monetary Economics II |
| Date: June 23, 2012 |
| Time: 15:45 - 17:45 |
| A Long-run, Short-run, and Politico-Economic Analysis of the Welfare Costs of Inflation |
| By Scott Dressler; Villanova University |
| Presented by: Scott Dressler, Villanova University |
| Selection and Monetary Non-Neutrality in Time-Dependent Pricing Models |
| By Carlos Carvalho; Pontificia Universidade Catolica do Rio de Janeiro (PUC-Rio) Felipe Schwartzman; FRB - Richmond |
| Presented by: Felipe Schwartzman, FRB - Richmond |
| First Impressions Matter: Signalling as a Source of Policy Dynamics |
| [slides] |
| By Stephen Hansen; Pompeu Fabra Michael McMahon; University of Warwick |
| Presented by: Michael McMahon, University of Warwick |
| Rational Inattention, Multi-Product Firms and the Neutrality of Money |
| By Ernesto Pasten; Banco Central de Chile and Toulouse School of Economics |
| Presented by: Ernesto Pasten, Banco Central de Chile and Toulouse School of Economics |
Session : The Family across Space and Time |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| The Economics and Politics of Women's Rights |
| By Matthias Doepke; Northwestern University |
| Presented by: Matthias Doepke, Northwestern University |
| Early and Late Human Capital Investments, Borrowing Constraints, and the Family |
| By Elizabeth Caucutt; University of Western Ontario Lance Lochner; University of Western Ontario |
| Presented by: Elizabeth Caucutt, University of Western Ontario |
| TECHNOLOGY AND THE CHANGING FAMILY: A UNIFIED MODEL OF MARRIAGE, DIVORCE, EDUCATIONAL ATTAINMENT AND MARRIED FEMALE LABOR-FORCE PARTICIPATION |
| By Jeremy Greenwood; University of Pennsylvania Nezih Guner; ICREA-MOVE Georgi Kocharkov; Universidad Carlos III de Madrid Cezar Santos; University of Pennsylvania |
| Presented by: Nezih Guner, ICREA-MOVE |
| Intergenerational Transfers, Living Arrangements and Development |
| By Alice Schoonbroodt; The University of Iowa |
| Presented by: Alice Schoonbroodt, University of Iowa |
Session : Financial Constraints: Theory and Evidence |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Financially constrained arbitrage and cross-market contagion |
| By Denis Gromb; INSEAD Dimitri Vayanos; London School of Economics |
| Presented by: Dimitri Vayanos, London School of Economics |
| Endogenous liquidity and defaultable bonds |
| By Zhiguo He; University of Chicago Konstantin Milbradt; MIT |
| Presented by: Konstantin Milbradt, MIT |
| A Macroeconomic Model with a Financial Sector |
| By Markus Brunnermeier; Princeton University Yuliy Sannikov; Princeton University |
| Presented by: Yuliy Sannikov, Princeton University |
| The Cost of Financial Frictions for Life Insurers |
| By Ralph Koijen; University of Chicago Motohiro Yogo; Federal Reserve Bank of Minneapolis |
| Presented by: Motohiro Yogo, Federal Reserve Bank of Minneapolis |
Session : Productivity and the Labor Market |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Countercyclical Restructuring and Jobless Recoveries |
| By David Berger; Yale University |
| Presented by: David Berger, Yale University |
| The Labor Productivity Puzzle |
| By Ellen McGrattan; Federal Reserve Bank of Minneapolis Edward Prescott; Federal Reserve Bank of Minneapolis |
| Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis |
| Labor Share and Technology Dynamics |
| By Sekyu Choi; Universitat Autonoma de Barcelona Jose-Victor Rios-Rull; University of Minnesota |
| Presented by: Sekyu Choi, Universitat Autonoma de Barcelona |
| Unemployment Benefits Caused Jobless Recoveries!? |
| By Kurt Mitman; University of Pennsylvania Stanislav Rabinovich; University of Pennsylvania |
| Presented by: Stanislav Rabinovich, University of Pennsylvania |
Session : FDI: New Theories and Evidence |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| A Linder Hypothesis for FDI |
| By Pablo Fajgelbaum; UCLA Gene Grossman; Princeton University Elhanan Helpman; Harvard University |
| Presented by: Pablo Fajgelbaum, UCLA |
| The Perfect Match: Assortative Matching in International Acquisitions and the Source of Multinational Advantage |
| By Maria Guadalupe; Columbia Business School Catherine Thomas; Columbia Business School Veronica Rappoport; Columbia University |
| Presented by: Maria Guadalupe, Columbia Business School |
| Multinational Banks |
| By Jose Fillat; Federal Reserve Bank of Boston Stefania Garetto; Boston University Martin Goetz; Federal Reserve Bank of Boston |
| Presented by: Stefania Garetto, Boston University |
| Knowledge Spillovers and The Optimal Taxation of Multinational Firms |
| [slides] |
| By Alexander Monge-Naranjo; Penn State University |
| Presented by: Alexander Monge-Naranjo, Penn State University |
Session : International Asset Pricing |
| Session Chair: Riccardo Colacito, University of North Carolina, Chapel Hill |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Portfolio Home Bias and External Habit Formation |
| By Andreas Stathopoulos; University of Southern California |
| Presented by: Andreas Stathopoulos, University of Southern California |
| Currency Risk and Pricing Kernel Volatility |
| By Federico Gavazzoni; Carnegie Mellon University Batchimeg Sambalaibat; Carnegie Mellon University Christopher Telmer; Carnegie Mellon University |
| Presented by: Christopher Telmer, Carnegie Mellon University |
| Commodity Trade and the Carry Trade: a Tale of Two Countries |
| By Robert Ready; University of Rochester Nikolai Roussanov; Wharton School, U. of Penn |
| Presented by: Nikolai Roussanov, Wharton School, U. of Penn |
| International Asset Pricing with Recursive Preferences |
| By Riccardo Colacito; University of North Carolina, Chapel Hill Mariano Croce; University of North Carolina at Chapel H |
| Presented by: Riccardo Colacito, University of North Carolina, Chapel Hill |
Session : Public policy under political uncertainty |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Government Policy with Time Inconsistent Voters |
| By Alberto Bisin; New York University Alessandro Lizzeri; New York University Leeat Yariv; California Institute of Technology |
| Presented by: Alessandro Lizzeri, New York University |
| Government Saving with Limited Commitment |
| By Dan Cao; Georgetown University Ivan Werning; Massachusetts Institute of Technology |
| Presented by: Dan Cao, Georgetown University |
| Reelection through Division |
| By Massimo Morelli; Columbia University Richard Van Weelden; University of Chicago |
| Presented by: Richard Van Weelden, University of Chicago |
| The dynamics of public investment under persistent electoral advantag |
| By Marina Azzimonti; FRB of Philadelphia |
| Presented by: Marina Azzimonti, FRB of Philadelphia |
Session : Structural Evidence on Trade and Wages |
| Session Chair: Oleg Itskhoki, Princeton University |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Wages, Employment, and Trade |
| By Jonathan Eaton; Pennsylvania State University |
| Presented by: Jonathan Eaton, Pennsylvania State University |
| International trade, technology, and the skill premium |
| By Ariel Burstein; UCLA Jonathan Vogel; Columbia |
| Presented by: Ariel Burstein, UCLA |
| Trade, competition and quality-upgrading: A theory with evidence from Colombia |
| By Marcela Eslava; Universidad de Los Andes Ana Cecilia Fieler; University of Pennsylvania Daniel Yi Xu; Duke University |
| Presented by: Ana Cecilia Fieler, University of Pennsylvania |
| Trade and Inequality: From Theory to Estimation |
| [slides] |
| By Elhanan Helpman; Harvard University Oleg Itskhoki; Princeton University Marc-Andreas Muendler; University of California, San Diego Stephen Redding; Princeton University |
| Presented by: Oleg Itskhoki, Princeton University |
Session : Advances in the study of labor markets with frictions and heterogeneous workers and firms |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Sorting and the output loss due to search frictions |
| By Pieter Gautier; VU University Amsterdam Coen N. Teulings; CPB Netherlands Bureau for Economic Policy Analysis |
| Presented by: Pieter Gautier, VU University Amsterdam |
| Estimation of a Roy/Search/Compensating Differential Model of the Labor Market |
| By Christopher Taber; University of Wisconsin-Madison |
| Presented by: Christopher Taber, University of Wisconsin-Madison |
| An Empirical Model of Wage Dispersion with Sorting |
| By Rasmus Lentz; University of Wisconsin-Madison |
| Presented by: Rasmus Lentz, University of Wisconsin-Madison |
| Firm Heterogeneity, Sorting and the Minimum Wage |
| By Rafael Lopes de Melo; University of Chicago |
| Presented by: Rafael Lopes de Melo, University of Chicago |
Session : Macroeconomic implications of social networks and social capital |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Structure and Change in Production Networks: Evidence from US Firm level data |
| By Vasco Carvalho; CREI and Universitad Pompeu Fabra Michael Gofman; University Wisconsin-Madison |
| Presented by: Michael Gofman, University Wisconsin-Madison |
| From Polygamy to Serial Monogamy: a Unified Theory of Marriage Institutions |
| By David de la Croix; Univ cath Louvain |
| Presented by: David de la Croix, Univ cath Louvain |
| Social Capital, Government Expenditures, and Growth |
| By Giacomo Ponzetto; CREI and Universitat Pompeu Fabra Ugo Troiano; Harvard University |
| Presented by: Giacomo Ponzetto, CREI and Universitat Pompeu Fabra |
| Germs, Social Networks, and Growth |
| By Alessandra Fogli; University of Minnesota Laura Veldkamp; NYU Stern |
| Presented by: Alessandra Fogli, University of Minnesota |
Session : Social Security |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Home Production and Social Security Reform |
| By Michael Dotsey; Federal Reserve Bank of Philadelphia Wenli Li; Federal Reserve Bank of Philadelphia fang yang; SUNY albany |
| Presented by: Michael Dotsey, Federal Reserve Bank of Philadelphia |
| The Joint Impact of Social Security and Medicaid on Incentives and Welfare |
| By Karen Kopecky; Federal Reserve Bank of Atlanta Tatyana Koreshkova; Concordia University |
| Presented by: Karen Kopecky, Federal Reserve Bank of Atlanta |
| Income Redistribution Through Social Security: The Timing Matters |
| By Roozbeh Hosseini; Arizona State University |
| Presented by: Roozbeh Hosseini, Arizona State University |
| A Life-Cycle Consumption Model with Ambiguous Survival Beliefs |
| By Max Groneck; University of Cologne Alexander Ludwig; CMR, University of Cologne Alexander Zimper; University of Pretoria |
| Presented by: Max Groneck, University of Cologne |
Session : Empirics of Asset Prices |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| Understanding bond risk premia |
| By Anna Cieslak; Northwestern University Pavol Povala; University of Lugano |
| Presented by: Pavol Povala, University of Lugano |
| Core and `Crust': Consumer Prices and the Term Structure of Interest Rates |
| By Andrea Ajello; Board of Governors of the Federal Reserve System Luca Benzoni; Federal Reserve Bank of Chicago Olena Chyruk; Federal Reserve Bank of Chicago |
| Presented by: Luca Benzoni, Federal Reserve Bank of Chicago |
| Accounting for Value |
| By Frederico Belo; University of Minnesota Chen Xue; University of Michigan Lu Zhang; The Ohio State University |
| Presented by: Frederico Belo, University of Minnesota |
| Fiscal policy in contemporary DSGE models |
| By Ferre De Graeve; Sveriges Riksbank Virginia Queijo von Heideken; Sveriges Riksbank |
| Presented by: Virginia Queijo von Heideken, Sveriges Riksbank |
Session : Taxation, labor supply, and computational economics |
| Date: June 24, 2012 |
| Time: 10:00 - 12:00 |
| THE LAFFER CURVE IN AN INCOMPLETE-MARKETS ECONOMY |
| By Patrick Fève; Toulouse School of Economics |
| Presented by: Patrick Fève, Toulouse School of Economics |
| Labor and Profit Taxation, and the Supply of Public Capital |
| By Davide Debortoli; University of California, San Diego Pedro Gomes; Universidad Carlos III |
| Presented by: Davide Debortoli, University of California, San Diego |
| A generalized endogenous grid method for discrete-continuous choice |
| By Fedor Iskhakov; University of Technology Sydney John Rust; University of Maryland Bertel Schjerning; University of Copenhagen |
| Presented by: Fedor Iskhakov, University of Technology Sydney |
| The Method of Moderation for Solving Dynamic Stochastic Optimization Problems |
| By Christopher Carroll; The Johns Hopkins University Kiichi Tokuoka; International Monetary Fund Weifeng Wu; Johns Hopkins University |
| Presented by: Christopher Carroll, The Johns Hopkins University |
Session : Domestic Interaction and the Economy |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Household Interaction and the Labor Supply of Married Women |
| By Zvi Eckstein; Tel Aviv University |
| Presented by: Zvi Eckstein, Tel Aviv University |
| Emancipation Through Education |
| By Fatih Guvenen; University of Minnesota Michelle Rendall; University of Zurich |
| Presented by: Michelle Rendall, University of Zurich |
| The value of remarriage |
| By Sekyu Choi; Universitat Autonoma de Barcelona Clement Joubert; University of North Carolina at Chapel Hill |
| Presented by: Clement Joubert, University of North Carolina at Chapel Hill |
| Domestic Violence over the Business Cycle |
| By Michele Tertilt; University of Mannheim Gerard van den Berg; Universität Mannheim |
| Presented by: Michele Tertilt, University of Mannheim |
Session : Firm Structure, Firm Size, and Development |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Economic Development and the Organization of Production |
| By Nicolas Roys; University of Wisconsin Madison Ananth Seshadri; University of Wisconsin |
| Presented by: Nicolas Roys, University of Wisconsin Madison |
| Land Reform and Productivity: A Quantitative Analysis with Micro Data |
| By Tasso Adamopoulos; York University Diego Restuccia; University of Toronto |
| Presented by: Tasso Adamopoulos, York University |
| Why Do Inefficient Firms Survive? Management and Economic Development |
| By Michael Peters; MIT |
| Presented by: Michael Peters, MIT |
| Financing Constraints, Firm Dynamics, and International Trade |
| By Stephane Verani; Federal Reserve Board Till Gross; Carleton University |
| Presented by: Stephane Verani, Federal Reserve Board |
Session : Political Economy I |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Policy Discretion under Persistent Shocks |
| By Pierre Yared; Columbia University |
| Presented by: Pierre Yared, Columbia University |
| Voters, Donors and Accurate Polls: The Irrelevance of the Median Voter |
| By Timothy Feddersen; Northwestern University |
| Presented by: Timothy Feddersen, Northwestern University |
| The Geography of Inter-State Resource Wars |
| By Francesco Caselli; London School of Economics |
| Presented by: Francesco Caselli, London School of Economics |
| Elections and Government Accountability: Evidence from the U.S. State Courts |
| By Claire Lim; Cornell University James Snyder; Harvard University |
| Presented by: Claire Lim, Cornell University |
Session : Excessive Financial Development |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| A Model of Shadow Banking |
| By Nicola Gennaioli; CREI-UPF, Barcelona |
| Presented by: Nicola Gennaioli, CREI-UPF, Barcelona |
| Have Financial Markets Become More Informative? |
| By Jennie Bai; Federal Reserve Bank of New York |
| Presented by: Jennie Bai, Federal Reserve Bank of New York |
| Financial Intermediation, International Risk Sharing, and Reserve Currencies |
| By Matteo Maggiori; UC Berkeley |
| Presented by: Matteo Maggiori, UC Berkeley |
| Speculation and Risk Sharing with New Financial Assets |
| [slides] |
| By Alp Simsek; Harvard University |
| Presented by: Alp Simsek, Harvard University |
Session : Heterogeneous Agents and Incomplete Markets |
| Session Chair: Thomas Mertens, New York University |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Income Risk in Recessions |
| By Fatih Guvenen; University of Minnesota Serdar Ozkan; Federal Reserve Board Jae Song; Social Security Administration |
| Presented by: Serdar Ozkan, Federal Reserve Board |
| interaction between demand for labor and consumption over the business cycle |
| By Wouter Den Haan; london school of economics |
| Presented by: Wouter Den Haan, london school of economics |
| Redistributive Taxation in a Partial Insurance Economy |
| By Jonathan Heathcote; Federal Reserve Bank of Minneapolis Kjetil Storesletten; FRB Minneapolis Gianluca Violante; NYU |
| Presented by: Jonathan Heathcote, Federal Reserve Bank of Minneapolis |
| Solving General Incomplete Market Models with Substantial Heterogeneity |
| By Thomas Mertens; New York University |
| Presented by: Thomas Mertens, New York University |
Session : Topics on Sovereign Debt |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Sovereign defaults and optimal reserves management |
| By Javier Bianchi; NYU and Wisconsin Juan Hatchondo; Federal Reserve Bank of Richmond Leonardo Martinez; International Monetary Fund |
| Presented by: Juan Hatchondo, Federal Reserve Bank of Richmond |
| FISCAL UNION CONSENSUS DESIGN UNDER THE THREAT OF AUTARKY |
| By José Tavares; NOVA School of Business and Economics |
| Presented by: José Tavares, NOVA School of Business and Economics |
| Debt and the U.S. Economy |
| By Kaiji Chen; Emory University Ayse Imrohoroglu; usc |
| Presented by: Ayse Imrohoroglu, usc |
| Foreign Debt and the Ricardian Equivalence |
| By Eric Mengus; Toulouse School of Economics |
| Presented by: Eric Mengus, Toulouse School of Economics |
Session : Credit frictions and the zero lower bound |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound? |
| By Olivier Coibion; College of William and Mary Yuriy Gorodnichenko; UC Berkeley Johannes Wieland; University of California, Berkeley |
| Presented by: Johannes Wieland, University of California, Berkeley |
| Supply-Side Policies and the Zero Lower Bound |
| By Jesus Fernandez-Villaverde; University of Pennsylvania Pablo Guerron-Quintana; Federal Reserve Bank of Philadelphia Juan Rubio-Ramirez; Duke University |
| Presented by: Juan Rubio-Ramirez, Duke University |
| External Financing and the Role of Financial Frictions over the Business Cycle: Measurement and Theory |
| By Ali Shourideh; University of Pennsylavnia Ariel Zetlin-Jones |
| Presented by: Ariel Zetlin-Jones, |
| On the Effect of Monetary Policy During a Credit Crunch |
| By Francisco Buera; UCLA |
| Presented by: Francisco BUERA, University of California at Los Angeles |
Session : The great recession |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Consumption Dynamics During the Great Recession |
| By David Berger; Yale University Joseph Vavra; University of Chicago |
| Presented by: Joseph Vavra, University of Chicago |
| Reconstructing the Great Recession |
| By Michele Boldrin; Washington University in St Louis |
| Presented by: Adrian Peralta-Alva, Federal Reserve Bank of St. Louis |
| Fiscal Sentiment and the Weak Recovery from the Great Recession: A Quantitative Exploration |
| By Finn Kydland; University of California, Santa Barbara Carlos Zarazaga; Federal Reserve Bank of Dallas |
| Presented by: Carlos Zarazaga, Federal Reserve Bank of Dallas |
| Rare Shocks, Great Recessions |
| [slides] |
| By Vasco Curdia; Federal Reserve Bank of New York Marco Del Negro; Federal Reserve Bank of New York |
| Presented by: Marco Del Negro, Federal Reserve Bank of New York |
Session : Asset prices |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Speculative Attacks with Multiple Targets |
| By Junichi Fujimoto; University of Tokyo |
| Presented by: Junichi Fujimoto, University of Tokyo |
| Fiscal Policies and Asset Prices |
| By Mariano Croce; University of North Carolina at Chapel H Howard Kung; Duke University Thien Nguyen; Wharton, UPenn Lukas Schmid; Duke University |
| Presented by: Mariano Croce, University of North Carolina at Chapel H |
| Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates |
| By Eric Swanson; Federal Reserve Bank of San Francisco John Williams; Federal Reserve Bank of San Francisco |
| Presented by: Eric Swanson, Federal Reserve Bank of San Francisco |
| Asking Prices and Inspection Goods |
| By Benjamin Lester; Federal Reserve Bank of Philadelphia Lodewijk Visschers; Universidad Carlos III Ronald Wolthoff; University of Toronto |
| Presented by: Lodewijk Visschers, Universidad Carlos III |
Session : Uncertainty and the Macroeconomy |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Uncertainty Shocks in an Economy with Collateral Constraints |
| By Aubhik Khan; Ohio State University Julia Thomas; The Ohio State University |
| Presented by: Aubhik Khan, Ohio State University |
| Liquidity Scarcity, Project Selection, and Volatility |
| By Felipe Iachan; MIT |
| Presented by: Felipe Iachan, MIT |
| Time-Varying Oil Price Volatility and Macroeconomic Aggregates |
| By Michael Plante; Research Department Nora Traum; North Carolina State University |
| Presented by: Nora Traum, North Carolina State University |
| Labor Supply, Aggregation and the LaborWedge |
| By Jose Lopez; HEC PARIS |
| Presented by: Jose Lopez, HEC PARIS |
Session : Policy and Insurance in Economic Unions |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| Smoothing shocks and balancing budgets in a currency union |
| By James Costain; Bank of Spain Beatriz de Blas; Universidad Autonoma de Madrid |
| Presented by: James Costain, Bank of Spain |
| Investment and Insurance in an Economic Union |
| By Emilio Espino; Universidad Torcuato Di Tella |
| Presented by: Emilio Espino, Universidad Torcuato Di Tella |
| Market Deregulation and Optimal Monetary Policy in a Monetary Union |
| By Matteo Cacciatore; HEC Montreal Giuseppe Fiori; University of Sao Paulo Fabio Ghironi; Boston College |
| Presented by: Giuseppe Fiori, University of Sao Paulo |
| Efficiency in International Unions |
| By Jenny Simon; European University Institute Justin Valasek; European University Institute |
| Presented by: Jenny Simon, European University Institute |
Session : Frictional labor markets |
| Session Chair: Carlos Carrillo-Tudela, Essex |
| Date: June 24, 2012 |
| Time: 13:15 - 15:15 |
| A Unified Production and Matching Function: Implications for Factor Shares |
| By Sephorah Mangin; Becker-Friedman Institute, University of Chicago |
| Presented by: Sephorah Mangin, Becker Friedman Institute, University of Chicago |
| Unemployment and Endogenous Reallocation over the Business Cycle |
| By Carlos Carrillo-Tudela; Essex |
| Presented by: Carlos Carrillo-Tudela, Essex |
| Financial Frictions and Occupational Mobility |
| By William Hawkins; University of Rochester Jose Mustre-del-Rio; Federal Reserve Bank of Kansas City |
| Presented by: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City |
| Knowledge spillovers in competitive search equilibrium |
| By Espen Moen; Norwegian Business School-BI |
| Presented by: Espen Moen, Norwegian Business School-BI |
Session : Bailouts |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Efficient Bailouts? |
| By Javier Bianchi; NYU and Wisconsin |
| Presented by: Javier Bianchi, NYU and Wisconsin |
| Optimal banking contracts and financial fragility |
| By Huberto Ennis; Richmond Fed Todd Keister; Federal Reserve Bank of New York |
| Presented by: Huberto Ennis, Richmond Fed |
| Bailouts, Contagion, and Bank Risk-Taking |
| By Giovanni Dell'Ariccia; IMF LEV RATNOVSKI; International Monetary Fund |
| Presented by: LEV RATNOVSKI, International Monetary Fund |
| Confusion as Commitment |
| By Jaromir Nosal; Columbia University Guillermo Ordonez; Yale University |
| Presented by: Jaromir Nosal, Columbia University |
Session : Information in Financial Markets |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Information Diversity and Market Efficiency Spirals |
| By Itay Goldstein; University of Pennsylvania Liyan Yang; Joseph L. Rotman School of Management, |
| Presented by: Liyan Yang, Joseph L. Rotman School of Management, |
| Trading and liquidity with limited cognition |
| By Bruno Biais; Toulouse School of Economics Johan Hombert; HEC Paris Pierre-Olivier Weill; UCLA |
| Presented by: Bruno Biais, Toulouse School of Economics |
| Government intervention and information aggregation by prices |
| By Philip Bond; University of Minnesota Itay Goldstein; University of Pennsylvania |
| Presented by: Philip Bond, University of Minnesota |
| Secret Keeping Intermediaries |
| By Tri Vi Dang; University of Mannheim Gary Gorton; Yale School of Management Guillermo Ordonez; Yale University |
| Presented by: Guillermo Ordonez, Yale University |
Session : Trade, Growth, and Development |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Information Frictions in Trade |
| By Treb Allen; Yale University |
| Presented by: Treb Allen, Yale University |
| Increasing Returns and Economics Prosperity: How Can Size not Matter? |
| By Natalia Ramondo; Arizona State University |
| Presented by: Natalia Ramondo, Arizona State University |
| Internal Trade and Aggregate Productivity |
| By Trevor Tombe; Wilfrid Laurier University Jennifer Winter; Labour Program, HRSDC |
| Presented by: Trevor Tombe, Wilfrid Laurier University |
| Endogenous Growth and International Technology Diffusion |
| By Jesse Perla; NYU Christopher Tonetti; New York University Michael Waugh; New York University |
| Presented by: Michael Waugh, New York University |
Session : Political Economy II |
| Session Chair: Richard Van Weelden, University of Chicago |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| The Political Cost of Reforms |
| By Alessandra Bonfiglioli; Institute for Economic Analysis Gino Gancia; CREI and UPF |
| Presented by: Alessandra Bonfiglioli, Institute for Economic Analysis |
| The Grand Experiment of Communism: Discovering the Trade-off between Equality and Efficiency |
| By Etienne Farvaque; Universitè du Havre Alexander Mihailov; University of Reading Alireza Naghavi; University of Bologna |
| Presented by: Alexander Mihailov, University of Reading |
| Knowing the right person in the right place: political connections and resistance to change |
| By Giorgio Bellettini; Universtiy of Bologna Carlotta Berti Ceroni; University of Bologna Giovanni Prarolo; University of Bologna |
| Presented by: Giorgio Bellettini, Universtiy of Bologna |
| War Financing and the Transition from Absolutism to Rule by Parliament |
| By Leandro de Magalhaes; University of Bristol Francesco Giovannoni; University of Bristol |
| Presented by: Leandro de Magalhaes, University of Bristol |
Session : Income and consumption inequality |
| Session Chair: Hernan Ruffo, UTDT |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Inequality in Consumption Equivalence |
| By Christian Zimmermann; University of Connecticut |
| Presented by: Christian Zimmermann, Federal Reserve Bank of St. Louis |
| A Life Cycle Approach to the Mechanism Connecting Health Inequality and Earnings Inequality |
| By Maria Prados; Columbia University |
| Presented by: Maria Prados, Columbia University |
| Understanding Permanent Black/White Earnings Inequality |
| By Alejandro Badel; St. Louis Fed |
| Presented by: Alejandro Badel, St. Louis Fed |
| Inequality in Unemployment Risk and in Wages |
| By Claudio Michelacci; CEMFI Josep Pijoan-Mas; CEMFI Hernan Ruffo; UTDT |
| Presented by: Hernan Ruffo, UTDT |
Session : Sovereign debt and default |
| Session Chair: Klaus Adam, Mannheim University |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Sovereign Debt Rating Changes and the Stock Market |
| By Alex Michaelides; University of Cyprus Andreas Milidonis; University of Cyprus George Nishiotis; University of Cyprus Panayiotis Papakyriacou; University of Cyprus |
| Presented by: Alex Michaelides, University of Cyprus |
| Sovereign Default Risk and Uncertainty Premia |
| By Demian Pouzo; UC at Berkeley Ignacio Presno; Federal Reserve Bank of Boston |
| Presented by: Ignacio Presno, Federal Reserve Bank of Boston |
| Optimal Sovereign Debt Default |
| By Klaus Adam; Mannheim University Michael Grill; Deutsche Bundesbank |
| Presented by: Michael Grill, Deutsche Bundesbank |
| Debt dilution and sovereign default risk |
| By Juan Hatchondo; Federal Reserve Bank of Richmond Leonardo Martinez; International Monetary Fund Cesar Sosa Padilla; University of Maryland |
| Presented by: Leonardo Martinez, International Monetary Fund |
Session : Barriers to Economic Development |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Property Rights, Extortion and the Misallocation of Talent |
| By Ashantha Ranasinghe; University of Toronto |
| Presented by: Ashantha Ranasinghe, University of Toronto |
| Why Doesn't Technology Flow from Rich to Poor Countries? |
| By Harold Cole; University of Pennsylvania Jeremy Greenwood; University of Pennsylvania Juan Sanchez; Federal Reserve Bank of St. Louis |
| Presented by: Juan Sanchez, Federal Reserve Bank of St. Louis |
| Wealth Inequality and the Losses from Financial Frictions |
| [slides] |
| By Joaquin Blaum; MIT |
| Presented by: Joaquin Blaum, MIT |
| Constrained Optimality and the Welfare Effects of Misallocation |
| By Roberto Fattal Jaef; IMF |
| Presented by: Roberto Fattal Jaef, IMF |
Session : Understanding Monetary Policy |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Runs on Interest Rate Pegs |
| By Marco Bassetto; Federal Reserve Bank of Chicago Christopher Phelan; University of Minnesota |
| Presented by: Marco Bassetto, Federal Reserve Bank of Chicago |
| Monetary Shocks with Observation and Menu Costs |
| By Fernando Alvarez; University of Chicago francesco lippi; University of Sassari Luigi Paciello; Einaudi Institute (EIEF) |
| Presented by: Luigi Paciello, Einaudi Institute (EIEF) |
| Short and Long Interest Rate Targets |
| By Bernardino Adao; Banco de Portugal Isabel Correia; Banco de Portugal Pedro Teles; Banco de Portugal, Universidade Catolica |
| Presented by: Bernardino Adao, Banco de Portugal |
| Inflation and Interest Rates with Endogenous Market Segmentation |
| By Aubhik Khan; Ohio State University Julia Thomas; The Ohio State University |
| Presented by: Julia Thomas, The Ohio State University |
Session : Models of Consumer Default |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Formal vs. Informal Default in Consumer Credit |
| [slides] |
| By David Benjamin; SUNY Buffalo Xavier Mateos-Planas; Queen Mary University of London |
| Presented by: David Benjamin, SUNY Buffalo |
| Mortgage Default during the U.S. Mortgage Crisis |
| By Thomas Schelkle; London School of Economics |
| Presented by: Thomas Schelkle, London School of Economics |
| A Model of Credit Card Delinquency |
| By Kartik Athreya; Federal Reserve Bank of Richmond |
| Presented by: Kartik Athreya, Federal Reserve Bank of Richmond |
| Macroeconomic Effects of Bankruptcy and Foreclosure Policies |
| By Kurt Mitman; University of Pennsylvania |
| Presented by: Kurt Mitman, University of Pennsylvania |
Session : Technological Progress: Theory and Evidence |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Endogenous Risk and Growth |
| By Christopher Tonetti; New York University Jesse Perla; NYU |
| Presented by: Christopher Tonetti, New York University |
| Sectoral Bubbles and Endogenous Growth |
| By Jianjun Miao; Boston University Pengfei Wang; Hong Kong University of Science and Tech |
| Presented by: Pengfei Wang, Hong Kong University of Science and Tech |
| The Media is the Measure: Technical change and employment, 1909-1949 |
| By Michelle Alexopoulos; University of Toronto Jon Cohen; University of Toronto |
| Presented by: Michelle Alexopoulos, University of Toronto |
| Expansionary and Contractionary Technology Shocks |
| By Almut Balleer; Institute for International Economic Studies Stockholm Zeno Enders; University of Heidelberg |
| Presented by: Almut Balleer, Institute for International Economic Studies Stockholm |
Session : The Economics of Real Estate |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Housing and Liquidity |
| By Chao He; University of Wisconsin-Madison Randall Wright; U Wisconsin Yu Zhu; Wisconsin |
| Presented by: Randall Wright, U Wisconsin |
| The Role of Infrastructure in U.S. Growth |
| By Jennifer Bennett; BEA Morris Davis; University of Wisconsin-Madison, School Jonas Fisher; Federal Reserve Bank of Chicago David Wasshausen; BEA |
| Presented by: Morris Davis, University of Wisconsin-Madison, School |
| Housing Dynamics |
| By Finn Kydland Peter Rupert; University of California, Santa Barbara Roman Sustek; Bank of England |
| Presented by: Peter Rupert, University of California, Santa Barbara |
| Collateralization, Bank Loan Rates and Monitoring: Evidence from a Natural Experiment |
| By Geraldo Cerqueiro; Universidade Católica Portuguesa Steven Ongena; Tilburg University Kasper Roszbach; Sveriges Riksbank and University of Groningen |
| Presented by: Geraldo Cerqueiro, Universidade Católica Portuguesa |
Session : Topics on Financial Economics |
| Date: June 24, 2012 |
| Time: 15:45 - 17:45 |
| Financial Crisis Resolution |
| By Josef Schroth; EUI |
| Presented by: Josef Schroth, EUI |
| Macroeconomic Implications of U.S. Banking Liberalisation |
| By Stefan Notz; University of Zurich |
| Presented by: Stefan Notz, University of Zurich |
| Information insensitive securities: the benefits of central counterparties |
| [slides] |
| By Francesca Carapella; Federal Reserve Board of Governors David Mills |
| Presented by: Francesca Carapella, Federal Reserve Board of Governors |
This program was last updated on 2012-06-22 13:10:56 EDT