2012 Annual Meeting of the Society for Economic Dynamics

Summary of All Sessions

Date/TimeTitlePapers
June 22, 2012
10:00-12:00
Coordination and the macroeconomy4
June 22, 2012
10:00-12:00
Human Capital and Labor Market4
June 22, 2012
10:00-12:00
Advances in NDPF4
June 22, 2012
10:00-12:00
Housing and the Macroeconomy4
June 22, 2012
10:00-12:00
International transmission of monetary and fiscal shocks4
June 22, 2012
10:00-12:00
Search in the labor market4
June 22, 2012
10:00-12:00
Asset pricing4
June 22, 2012
10:00-12:00
Fertility, health, and mortality4
June 22, 2012
10:00-12:00
Topics in International Economics4
June 22, 2012
10:00-12:00
Monetary Economics4
June 22, 2012
10:00-12:00
Topics in Taxation and the Labor Market4
June 22, 2012
10:00-12:00
Topics in Macroeconomics4
June 22, 2012
13:15-15:15
Liquidity in Financial Markets4
June 22, 2012
13:15-15:15
Labor Supply4
June 22, 2012
13:15-15:15
Human Capital: Education, Skills, and Health4
June 22, 2012
13:15-15:15
Business Cycle Theory4
June 22, 2012
13:15-15:15
Advances in International Finance4
June 22, 2012
13:15-15:15
Search and Matching: Labor Market4
June 22, 2012
13:15-15:15
Culture, beliefs, and economics3
June 22, 2012
13:15-15:15
Human capital4
June 22, 2012
13:15-15:15
Firm dynamics4
June 22, 2012
13:15-15:15
Indivisibilities and Aggregate Fluctuations4
June 22, 2012
13:15-15:15
Financial Frictions and the Macroeconomy4
June 22, 2012
13:15-15:15
General Equilibrium with Collateral Constraints4
June 22, 2012
15:45-17:45
Financial Frictions, Information Frictions, and Monetary Policy4
June 22, 2012
15:45-17:45
Sovereign debt and crises4
June 22, 2012
15:45-17:45
Industry Structure and Equilibrium4
June 22, 2012
15:45-17:45
International Financial Markets3
June 22, 2012
15:45-17:45
Macro/Labor4
June 22, 2012
15:45-17:45
Equilibrium effects of asymmetric information in decentralized markets4
June 22, 2012
15:45-17:45
Limited participation in asset markets4
June 22, 2012
15:45-17:45
Pricing and gains from trade 4
June 22, 2012
15:45-17:45
College major choice and occupational choice4
June 22, 2012
15:45-17:45
Sectoral Dimensions of Aggregate Fluctuations4
June 22, 2012
15:45-17:45
Asset Prices with Heterogeneous Agents4
June 22, 2012
15:45-17:45
Empirical Labor4
June 23, 2012
10:00-12:00
Subjective Expectations3
June 23, 2012
10:00-12:00
International Business Cycle4
June 23, 2012
10:00-12:00
Auction Markets4
June 23, 2012
10:00-12:00
International Macroeconomics and Finance4
June 23, 2012
10:00-12:00
Trade and Labor Market4
June 23, 2012
10:00-12:00
Financial Crises4
June 23, 2012
10:00-12:00
Housing4
June 23, 2012
10:00-12:00
Economic Development across Time and Space4
June 23, 2012
10:00-12:00
Optimal Taxation4
June 23, 2012
10:00-12:00
Monetary Policy in a Financial Crisis4
June 23, 2012
10:00-12:00
Imperfect Information, Learning, and the Labor Market4
June 23, 2012
10:00-12:00
Risk and entrepreneurial choice4
June 23, 2012
13:15-15:15
Sectors, Structural Change, and Development4
June 23, 2012
13:15-15:15
Tax Policy4
June 23, 2012
13:15-15:15
Complimentarities and Multiplicity in Macroeconomics4
June 23, 2012
13:15-15:15
Macroeconometrics I4
June 23, 2012
13:15-15:15
Industry Dynamics4
June 23, 2012
13:15-15:15
Exchange Rates and Prices4
June 23, 2012
13:15-15:15
Microeconomic Theory4
June 23, 2012
13:15-15:15
Female labor supply4
June 23, 2012
13:15-15:15
Government debt4
June 23, 2012
13:15-15:15
Corporate Savings4
June 23, 2012
13:15-15:15
Understanding Financial Crises4
June 23, 2012
13:15-15:15
Wages and Worker Assignment4
June 23, 2012
15:45-17:45
Empirical Analysis of Life-Cycle Models4
June 23, 2012
15:45-17:45
Financial Crises and Defaults in Open Economies4
June 23, 2012
15:45-17:45
Organizations and Global Production 4
June 23, 2012
15:45-17:45
Topics in International Trade4
June 23, 2012
15:45-17:45
Matching and Sorting4
June 23, 2012
15:45-17:45
Macroeconometrics II4
June 23, 2012
15:45-17:45
Credit Constraints and Households Debt4
June 23, 2012
15:45-17:45
Innovation and Productivity4
June 23, 2012
15:45-17:45
Liquidity and Information4
June 23, 2012
15:45-17:45
Development economics: evidence from the field and economic history4
June 23, 2012
15:45-17:45
The effectiveness of fiscal policy4
June 23, 2012
15:45-17:45
Monetary Economics II4
June 24, 2012
10:00-12:00
The Family across Space and Time4
June 24, 2012
10:00-12:00
Financial Constraints: Theory and Evidence4
June 24, 2012
10:00-12:00
Productivity and the Labor Market4
June 24, 2012
10:00-12:00
FDI: New Theories and Evidence4
June 24, 2012
10:00-12:00
International Asset Pricing4
June 24, 2012
10:00-12:00
Public policy under political uncertainty4
June 24, 2012
10:00-12:00
Structural Evidence on Trade and Wages4
June 24, 2012
10:00-12:00
Advances in the study of labor markets with frictions and heterogeneous workers and firms4
June 24, 2012
10:00-12:00
Macroeconomic implications of social networks and social capital4
June 24, 2012
10:00-12:00
Social Security4
June 24, 2012
10:00-12:00
Empirics of Asset Prices4
June 24, 2012
10:00-12:00
Taxation, labor supply, and computational economics4
June 24, 2012
13:15-15:15
Domestic Interaction and the Economy4
June 24, 2012
13:15-15:15
Firm Structure, Firm Size, and Development4
June 24, 2012
13:15-15:15
Political Economy I4
June 24, 2012
13:15-15:15
Excessive Financial Development4
June 24, 2012
13:15-15:15
Heterogeneous Agents and Incomplete Markets4
June 24, 2012
13:15-15:15
Topics on Sovereign Debt4
June 24, 2012
13:15-15:15
Credit frictions and the zero lower bound4
June 24, 2012
13:15-15:15
The great recession4
June 24, 2012
13:15-15:15
Asset prices4
June 24, 2012
13:15-15:15
Uncertainty and the Macroeconomy4
June 24, 2012
13:15-15:15
Policy and Insurance in Economic Unions4
June 24, 2012
13:15-15:15
Frictional labor markets4
June 24, 2012
15:45-17:45
Bailouts4
June 24, 2012
15:45-17:45
Information in Financial Markets4
June 24, 2012
15:45-17:45
Trade, Growth, and Development4
June 24, 2012
15:45-17:45
Political Economy II4
June 24, 2012
15:45-17:45
Income and consumption inequality4
June 24, 2012
15:45-17:45
Sovereign debt and default4
June 24, 2012
15:45-17:45
Barriers to Economic Development4
June 24, 2012
15:45-17:45
Understanding Monetary Policy4
June 24, 2012
15:45-17:45
Models of Consumer Default4
June 24, 2012
15:45-17:45
Technological Progress: Theory and Evidence4
June 24, 2012
15:45-17:45
The Economics of Real Estate4
June 24, 2012
15:45-17:45
Topics on Financial Economics3
 

108 sessions, 428 papers, and 0 presentations with no associated papers


 

2012 Annual Meeting of the Society for Economic Dynamics

Complete List of All Sessions


Session : Coordination and the macroeconomy

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