| June 27, 2013 | |
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| 09:45 to 11:45 | Morning 27 |
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| 13:00 to 15:00 | Afternoon 27 |
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| 15:30 to 17:30 | Evening 27 |
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| 17:45 to 18:45 | Mark Watson Plenary, B130 |
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| June 28, 2013 | |
| 09:45 to 11:45 | Morning 28 |
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| 13:00 to 15:00 | Afternoon 28 |
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| 15:30 to 17:30 | Evening 28 |
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| 17:45 to 18:45 | Hal Cole Plenary, B130 |
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| June 29, 2013 | |
| 09:45 to 11:45 | Morning 29 |
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| 13:00 to 15:00 | Afternoon 29 |
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| 15:30 to 17:30 | Evening 29 |
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| 17:45 to 18:45 | Gianluca Violante Plenary, B130 |
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| Mark Watson Plenary B130 June 27, 2013 17:45 to 18:45 |
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| Hal Cole Plenary B130 June 28, 2013 17:45 to 18:45 |
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| Gianluca Violante Plenary B130 June 29, 2013 17:45 to 18:45 |
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Summary of All Sessions |
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Click here for an index of all participants |
108 sessions, 424 papers, and 0 presentations with no associated papers |
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2013 Annual Meeting of the Society for Economic Dynamics |
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Detailed List of Sessions |
| Session 1: Productivity and Economic Growth June 27, 2013 9:45 to 11:45 |
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| 1. Size-Dependent Regulations, Firm Size Distribution, and Reallocation |
| By Francois Gourio; Boston University Nicolas Roys; University of Wisconsin - Madison |
| Presented by: Nicolas Roys, University of Wisconsin - Madison |
| 2. Investment and Productivity Dynamics at the Plant and the Firm Level |
| By Matthias Kehrig; University of Texas at Austin Nicolas Vincent; HEC Montréal |
| Presented by: Matthias Kehrig, University of Texas at Austin |
| 3. Dynamic Sorting |
| By Simeon Alder; University of Notre Dame Moritz Meyer-ter-Vehn; UCLA Lee Ohanian; University of California Los Angeles |
| Presented by: Simeon Alder, University of Notre Dame |
| 4. Rethinking the Growth of Nations |
| By Alexander Monge-Naranjo; Federal Reserve Bank of St. Louis Juan Sanchez; Federal Reserve Bank of St. Louis Raul Santaeulalia-Llopis; Washington University in St. Louis |
| Presented by: Juan Sanchez, Federal Reserve Bank of St. Louis |
| Session 2: Dynamic Models of Old-Age Risks June 27, 2013 9:45 to 11:45 |
| 1. The joint implications of Medicaid and Social Security for savings and welfare |
| By Karen Kopecky; Federal Reserve Bank of Atlanta R. Braun; Federal Reserve Bank of Atlanta Tatyana Koreshkova; Concordia University |
| Presented by: Karen Kopecky, Federal Reserve Bank of Atlanta |
| 2. Explaining the Decline of the U.S. Saving Rate: the Joint Role of Health Expenditure and Employer Contributions |
| By Bela Szemely; Boston University |
| Presented by: Bela Szemely, Boston University |
| 3. Dynamic Wage and Employment Effects of Elder Parent Care |
| By Meghan Skira; University of Georgia |
| Presented by: Meghan Skira, University of Georgia |
| 4. Long-Term Care: Macroeconomic Implications and Policy |
| By Daniel Barczyk; McGill University Matthias Kredler; Universidad Carlos III Madrid |
| Presented by: Matthias Kredler, Universidad Carlos III Madrid |
| Session 3: Macro Labor June 27, 2013 9:45 to 11:45 |
| 1. Worker Flows under Mismatch |
| By William Hawkins; Yeshiva University |
| Presented by: William Hawkins, Yeshiva University |
| 2. The Joint Dynamics of Capital and Employment at the Plant Level |
| By Ryan Michaels; University of Rochester |
| Presented by: Ryan Michaels, University of Rochester |
| 3. How Sticky Wages in Existing Jobs can affect Hiring |
| By Mark Bils; U. of Rochester Yongsung Chang; University of Rochester / Yonsei Univ. Sun-Bin Kim; Yonsei University |
| Presented by: Mark Bils, U. of Rochester |
| 4. Monetary Policy with Heterogeneous Agents |
| By Makoto Nakajima; Federal Reserve Bank of Philadelphia |
| Presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia |
| Session 4: Sovereign Debt and Default June 27, 2013 9:45 to 11:45 |
| 1. In for a Penny, In for a 100 Billion Pounds: Quantifying the Welfare Benefits from Debt Relief |
| By Daniel Dias; University of Illinois at Urbana-Champaign and CEMAPRE Christine Richmond; International Monetary Fund Mark Wright; UCLA |
| Presented by: Mark Wright, UCLA |
| 2. Efficient Sovereign Default |
| By Alessandro Dovis; University of Minnesota |
| Presented by: Alessandro Dovis, University of Minnesota |
| 3. Partial Default |
| By Cristina Arellano; Federal Reserve Bank of Minneapolis Xavier Mateos-Planas; Queen Mary University of London Jose-Victor Rios-Rull; University of Minnesota |
| Presented by: Xavier Mateos-Planas, Queen Mary University of London |
| 4. Maturity Structure and Debt Renegotiation in International Lending |
| By Jaromir Nosal; Columbia University |
| Presented by: Jaromir Nosal, Columbia University |
| Session 5: Fluctuations in Macro and Finance June 27, 2013 9:45 to 11:45 |
| 1. Investor Polarization, Trading Volume, and Return Dynamics |
| By Marcin Kacperczyk; New York University Jaromir Nosal; Columbia University Luminita Stevens; University of Maryland |
| Presented by: Luminita Stevens, University of Maryland |
| 2. Missing aggregate dynamics: on the slow convergence of lumpy adjustment models |
| By David Berger; Northwestern University |
| Presented by: David Berger, Northwestern University |
| 3. A Traffic Jam Theory of Recessions |
| By Jennifer La'O; University of Chicago |
| Presented by: Jennifer La'O, University of Chicago |
| Session 6: China June 27, 2013 9:45 to 11:45 |
| 1. Multiplier Effects of Government Spending: A Tale of China |
| By Xin Wang; Tsinghua University Yi Wen; Federal Reserve Bank of St. Louis |
| Presented by: Xin Wang, Tsinghua University |
| 2. The One-Child Policy and Household Savings in China |
| By Nicolas Coeurdacier; SciencesPo Paris Keyu Jin; London School of Economics |
| Presented by: Nicolas Coeurdacier, SciencesPo Paris |
| 3. A Model of Chinas State Capitalism |
| By xi li; HKUST Xuewen Liu; HKUST Yong Wang; Hong Kong University of Science and Tech |
| Presented by: Yong Wang, Hong Kong University of Science and Tech |
| 4. The Effect of Economic Reform and Industrial Policy in a Panel of Chinese Cities |
| By Simon Alder; University of Zurich Lin Shao; Washington University of St. Louis Fabrizio Zilibotti; University of Zurich |
| Presented by: Lin Shao, Washington University of St. Louis |
| Session 7: Housing, Leverage, Demand and the Recession June 27, 2013 9:45 to 11:45 |
| 1. Demand shocks and open economy puzzles |
| By Yan Bai; University of Rochester Jose-Victor Rios-Rull; University of Minnesota |
| Presented by: Yan Bai, University of Rochester |
| 2. Household Leverage and the Recession |
| By Virgiliu Midrigan; New York University Thomas Philippon; NEW YORK UNIVERSITY |
| Presented by: Virgiliu Midrigan, New York University |
| 3. Did the Housing Bust Cause the Great Recession? |
| By Greg Kaplan; Princeton University Kurt Mitman; University of Pennsylvania Gianluca Violante; New York University |
| Presented by: Kurt Mitman, University of Pennsylvania |
| 4. Wealth and Volatility |
| By Jonathan Heathcote; Federal Reserve Bank of Minneapolis Fabrizio Perri; University of Minnesota |
| Presented by: Fabrizio Perri, University of Minnesota |
| Session 8: Culture, Social Learning and Human Development June 27, 2013 9:45 to 11:45 |
| 1. Substituting Leisure for Health Expenditure: A General Equilibrium-Based Empirical Investigation |
| By Hui He; Shanghai University of Finance and Economics Kevin X.D. Huang; Vanderbilt University Sheng-Ti Hung; Univ. of Hawaii at Manoa |
| Presented by: Hui He, Shanghai University of Finance and Economics |
| 2. The Human Value Index |
| By Christian Zimmermann; Federal Reserve Bank of St. Louis |
| Presented by: Christian Zimmermann, Federal Reserve Bank of St. Louis |
| 3. Cultures, Worldviews, and Intergenerational Altruism |
| By Kohei Kubota; Yamagata University Akiko Kamesaka; Aoyama Gakuin University Masao Ogaki; Keio University Fumio Ohtake; Osaka University |
| Presented by: Masao Ogaki, Keio University |
| 4. Supervised Social Learning |
| By Johannes Horner; Yale University |
| Presented by: Johannes Horner, Yale University |
| Session 9: Labor and Capital Market Frictions June 27, 2013 9:45 to 11:45 |
| 1. Equilibrium Default and Slow Recoveries |
| By Julio Blanco; New York University Joseph Mullins; NYU Gaston Navarro; New York University |
| Presented by: Gaston Navarro, New York University |
| 2. Startups, Credit, and the Jobless Recovery |
| By Immo Schott; EUI |
| Presented by: Immo Schott, EUI |
| 3. Net leverage, risk, and credit spreads |
| By Berardino Palazzo; Boston University, School of management |
| Presented by: Berardino Palazzo, Boston University, School of management |
| 4. Bank Leverage Cyles |
| By Galo Nuno; European Central Bank Carlos Thomas; Banco de España |
| Presented by: Carlos Thomas, Banco de España |
| Session 10: Marriage, Divorce, and Fertility June 27, 2013 9:45 to 11:45 |
| 1. The Demographic Consequences of Gender Selection Technology |
| By Qi Li; Peking University Juan Pantano; Washington University in St. Louis |
| Presented by: Juan Pantano, Washington University in St. Louis |
| 2. Marriage, Social Insurance and Labor Supply |
| By Hamish Low; University of Cambridge Costas Meghir; Yale University Luigi Pistaferri; Stanford University Alessandra Voena; University of Chicago |
| Presented by: Alessandra Voena, University of Chicago |
| 3. Sex Ratios and Long-Term Marriage Trends |
| By Satoshi Tanaka; University of Queensland Jose-Victor Rios-Rull; University of Minnesota Shannon Seitz; Boston College |
| Presented by: Satoshi Tanaka, University of Queensland |
| 4. Divorce, Remarriage and Old Age Poverty |
| By Maria Casanova; UCLA Clement Joubert; University of North Carolina at Chapel Hill |
| Presented by: Maria Casanova, UCLA |
| Session 11: Trade and Inequality June 27, 2013 9:45 to 11:45 |
| 1. Trade Imbalances and Wage Inequality |
| By Rosario Crinò; CEMFI Paolo Epifani; Bocconi University |
| Presented by: Rosario Crinò, CEMFI |
| 2. Offshoring, Low-skilled Immigration and Labor Market Polarization |
| By Federico Mandelman; Federal Reserve Bank of Atlanta Andrei Zlate; Board of Governors of the Federal Reserve System |
| Presented by: Andrei Zlate, Board of Governors of the Federal Reserve System |
| 3. Import Switching and the Impact of a Large Devaluation |
| By Dan Lu; the University of Rochester |
| Presented by: Dan Lu, the University of Rochester |
| Session 12: Financial Regulation June 27, 2013 9:45 to 11:45 |
| 1. The Regulation of Money Market Funds: Adding Discipline to the Policy Debate |
| By Cecilia Parlatore Siritto; University of Pennsylvania |
| Presented by: Cecilia Parlatore Siritto, University of Pennsylvania |
| 2. Optimal Policy for Macro-Financial Stability |
| By Gianluca Benigno; London School of Economics Huigang Chen; MarketShare Partners Christopher Otrok; University of Missouri/St Louis Fed Alessandro Rebucci; IADB Eric Young; University of Virginia |
| Presented by: Christopher Otrok, University of Missouri/St Louis Fed |
| 3. Managing Financial Crises: Lean or Clean? |
| By Mitsuru Katagiri; Bank of Japan Ryo Kato; Bank of Japan Takayuki Tsuruga; Kyoto Unviersity |
| Presented by: Takayuki Tsuruga, Kyoto Unviersity |
| 4. Interest Rate Policy and Financial Regulation: How to Control Excessive Risk Taking? |
| By Simona Cociuba; University of Western Ontario Malik Shukayev; Bank of Canada Alexander Ueberfeldt; Bank of Canada |
| Presented by: Simona Cociuba, University of Western Ontario |
| Session 13: Uncertainty and the Macroeconomy June 27, 2013 13:00 to 15:00 |
| 1. Financial Distress and Endogenous Uncertainty |
| By Francois Gourio; Boston University |
| Presented by: Francois Gourio, Boston University |
| 2. Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach |
| By Frank Schorfheide; University of Pennsylvania Dongho Song; University of Pennsylvania Amir Yaron; University of Pennsylvania |
| Presented by: Dongho Song, University of Pennsylvania |
| 3. Beliefs and Fluctuations: A Quantitative Exploration |
| By George-Marios Angeletos; M.I.T. Fabrice Collard; University of Bern Harris Dellas; University of Bern |
| Presented by: Fabrice Collard, University of Bern |
| 4. Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle |
| By Francesco Bianchi; Duke University Cosmin Ilut; Duke University Martin Schneider; Stanford University |
| Presented by: Cosmin Ilut, Duke University |
| Session 14: Topics in International Trade I June 27, 2013 13:00 to 15:00 |
| 1. Love for Quality, Comparative Advantage, and Trade |
| By Esteban Jaimovich; University of Surrey Vincenzo Merella; University of Cagliari |
| Presented by: Esteban Jaimovich, University of Surrey |
| 2. Trade Patterns, Income Differences and Gains from Trade |
| By Wyatt Brooks; University of Notre Dame Pau Pujolas; IDEA - UAB |
| Presented by: Wyatt Brooks, University of Notre Dame |
| 3. Trade and Interdependence in a Spatially Complex World |
| By Michal Fabinger; Pennsylvania State University |
| Presented by: Michal Fabinger, Pennsylvania State University |
| 4. Financial Development and International Trade |
| By Fernando Leibovici; New York University and York University |
| Presented by: Fernando Leibovici, New York University and York University |
| Session 15: Inflation and Currency Risk June 27, 2013 13:00 to 15:00 |
| 1. Money, markets & intermediaries |
| By Martin Schneider; Stanford University |
| Presented by: Martin Schneider, Stanford University |
| 2. Expectations from the Term Structure |
| By Arunima Sinha; Santa Clara University |
| Presented by: Arunima Sinha, Santa Clara University |
| 3. What do Nominal Rigidities and Monetary Policy tell us about the Real Yield Curve? |
| By Alex Hsu; Georgia Tech Francisco Palomino; University of Michigan |
| Presented by: Alex Hsu, Georgia Tech |
| 4. Who Bears Long-Run Inflation Risk? Implications for Bond Risk Premia |
| By YiLi Chien; Federal Reserve Bank of St. Louis Harold Cole; University of Pennsylvania Hanno Lustig; Anderson School of Business |
| Presented by: YiLi Chien, Federal Reserve Bank of St. Louis |
| Session 16: Housing and Portfolio Choice June 27, 2013 13:00 to 15:00 |
| 1. Renegotiating Distressed Mortgage Loans: A Structural Estimation |
| By Hanming Fang; University of Pennsylvania You Suk Kim; University of Pennsylvania Wenli Li; Federal Reserve Bank of Philadelphia |
| Presented by: Wenli Li, Federal Reserve Bank of Philadelphia |
| 2. Mortgage Market Concentration, Foreclosures and House Prices |
| By Giovanni Favara; Federal Reserve Board |
| Presented by: Giovanni Favara, Federal Reserve Board |
| 3. House Prices, Household Leverage, and Entrepreneurship |
| By Stefano Corradin; European Central Bank |
| Presented by: Stefano Corradin, European Central Bank |
| 4. The home bias of the poor: terms of trade effects and portfolios across the wealth distribution |
| By Tobias Broer; Stockholm University |
| Presented by: Tobias Broer, Stockholm University |
| Session 17: Labor Supply and Insurance June 27, 2013 13:00 to 15:00 |
| 1. A life-cycle model of unemployment and disability insurance |
| By Sagiri Kitao; Hunter College |
| Presented by: Sagiri Kitao, Hunter College |
| 2. Hours and Occupations |
| By Andres Erosa; Universidad Carlos III de Madrid luisa fuster; Universidad Carlos III de Madrid Gueorgui Kambourov; University of Toronto Richard Rogerson; Princeton University |
| Presented by: Gueorgui Kambourov, University of Toronto |
| 3. Heterogeneity and Government Revenues: Does Tax Progressivity Matter? |
| By Nezih Guner; ICREA-MOVE Martin López Daneri; Central Bank of Chile Gustavo Ventura; Arizona State University |
| Presented by: Nezih Guner, ICREA-MOVE |
| 4. Labor Supply, Endogenous Wage Dynamics and Tax policy |
| By Arpad Abraham; European University Institute Jay Hong; University of Rochester Ricardo Santos; Trinity University |
| Presented by: Arpad Abraham, European University Institute |
| Session 18: Firm Dynamics and Aggregate Productivity June 27, 2013 13:00 to 15:00 |
| 1. Industry Dynamics, Investment and Business Cycles |
| By Julieta Caunedo; Washington University in St. Louis |
| Presented by: Julieta Caunedo, Washington University in St. Louis |
| 2. Financing Constraints, Firm Dynamics and Innovation |
| By Andrea Caggese; Pompeu Fabra University |
| Presented by: Andrea Caggese, Pompeu Fabra University |
| 3. Financial stress and economic dynamics: The transmission of crises |
| By Kirstin Hubrich; European Central Bank Robert Tetlow; Federal Reserve Board |
| Presented by: Kirstin Hubrich, European Central Bank |
| 4. The Financing and Growth of Firms in China and India: Evidence from Capital Markets |
| By Tatiana Didier; World Bank Sergio Schmukler; World Bank |
| Presented by: Tatiana Didier, World Bank |
| Session 19: Information in Finacial Markets June 27, 2013 13:00 to 15:00 |
| 1. Intermediating Adverse Selection |
| By Christian Opp; University of Pennsylvania Vincent Glode; Wharton School |
| Presented by: Christian Opp, University of Pennsylvania |
| 2. Trading Dynamics With Adverse Selection and Search |
| By Jonathan Chiu; Bank of Canada Thorsten Koeppl; Queen's University |
| Presented by: Jonathan Chiu, Bank of Canada |
| 3. Markets with Multidimensional Private Information |
| By Veronica Guerrieri; University of Chicago Robert Shimer; University of Chicago |
| Presented by: Robert Shimer, University of Chicago |
| 4. The social value of expertise |
| By Pablo Kurlat; Stanford University |
| Presented by: Pablo Kurlat, Stanford University |
| Session 20: Monetary and Macroprudential Policy June 27, 2013 13:00 to 15:00 |
| 1. Monetary Policy in Korea through the lense of Taylor Rule in DSGE model |
| By Tae Bong Kim; Korea Development Institute |
| Presented by: Tae Bong Kim, Korea Development Institute |
| 2. Monetary Policy, External Finance Dependence, and the Cross-section of Stock Returns: A FAVAR Approach |
| By Tiago Berriel; EPGE-FGV Carlos Carvalho; Pontificia Universidade Catolica do Rio de Janeiro Victor Duarte; MIT |
| Presented by: Tiago Berriel, EPGE-FGV |
| 3. Expectations and Fluctuations: The Role of Monetary Policy |
| By Michael Rousakis; European University Institute |
| Presented by: Michael Rousakis, European University Institute |
| 4. Assessing the Effects of Macroprudential Policy Measures in Korea |
| By Changho Choi; Bank of Korea |
| Presented by: Changho Choi, Bank of Korea |
| Session 21: Topics in IO June 27, 2013 13:00 to 15:00 |
| 1. Campaign Finance in U.S. House Elections |
| By Kei Kawai; New York University |
| Presented by: Kei Kawai, New York University |
| 2. Market Effects of Patent Reform in the US Semiconductor Industry |
| By Jeff Thurk; University of Notre Dame |
| Presented by: Jeff Thurk, University of Notre Dame |
| 3. The Role of Entrepreneurial Wealth in Team Formation |
| By Galina Vereshchagina; Arizona State University |
| Presented by: Galina Vereshchagina, Arizona State University |
| 4. Customer Driven Establishment Dynamics and Allocative Efficiency |
| By Allen Tran; UCLA |
| Presented by: Allen Tran, UCLA |
| Session 22: Bankruptcy and Repayment June 27, 2013 13:00 to 15:00 |
| 1. Austerity and Bailouts in Sovereign Debt Restructuring |
| By David Benjamin; SUNY Buffalo Mark Wright; UCLA |
| Presented by: David Benjamin, SUNY Buffalo |
| 2. Debt Dilution and Seniority in a Model of Defaultable Sovereign Debt |
| By Burcu Eyigungor; Phildalephia Federal Reserve Bank Satyajit Chatterjee; Federal Reserve Bank of Philadelphia |
| Presented by: Burcu Eyigungor, Phildalephia Federal Reserve Bank |
| 3. Modeling the Credit Card Revolution: The Role of Debt Collection and Informal Bankruptcy |
| By Lukasz Drozd; University of Pennsilvania |
| Presented by: Lukasz Drozd, Wharton School of the University of Pennsylvania |
| 4. Screening as a Unified Theory of Delinquency, Renegotiation and Bankruptcy |
| By Natalia Kovrijnykh; Arizona State University Igor Livshits; University of Western Ontario |
| Presented by: Igor Livshits, University of Western Ontario |
| Session 23: Economic Growth and Structural Change June 27, 2013 13:00 to 15:00 |
| 1. Asymmetric Information, Government Credit Subsidy, and Economic Growth |
| By Yong Wang; City University of Hong Kong |
| Presented by: Yong Wang, City University of Hong Kong |
| 2. Redefining Industrial Revolution: Song China and England |
| By Ronald A. Edwards; Tamkang University |
| Presented by: Ronald A. Edwards, Tamkang University |
| 3. Structural change and the Kaldor facts in a growth model with relative price effects and non-Gorman preferences |
| By Timo Boppart; IIES, Stockholm University |
| Presented by: Timo Boppart, IIES, Stockholm University |
| 4. Economic Reforms and the Evolution of China's TFP |
| By Chadwick Curtis; University of Richmond |
| Presented by: Chadwick Curtis, University of Richmond |
| Session 24: Political Economy June 27, 2013 13:00 to 15:00 |
| 1. Implications of fiscal constraints |
| By Fernando Martin; Federal Reserve Bank of St. Louis |
| Presented by: Fernando Martin, Federal Reserve Bank of St. Louis |
| 2. Political Economy in a Changing World |
| By Daron Acemoglu; Massachusetts Institute of Technology Georgy Egorov; Northwestern University Konstantin Sonin; New Economic School |
| Presented by: Georgy Egorov, Northwestern University |
| 3. Efficiency Gains from Wealth Taxation |
| By Daphne Chen; Florida State University Fatih Guvenen; University of Minnesota Gueorgui Kambourov; University of Toronto Burhanettin Kuruscu; University of Toronto |
| Presented by: Burhanettin Kuruscu, University of Toronto |
| 4. The Political Economy of Entry Barriers |
| By Toshihiko Mukoyama; University of Virginia Latchezar Popov; The University of Virginia |
| Presented by: Latchezar Popov, The University of Virginia |
| Session 25: Fiscal Policy, Public Debt and Risk Sharing June 27, 2013 15:30 to 17:30 |
| 1. Expiring Budgets and Wasteful Year-End Spending in Federal Procurement |
| By Neale Mahoney; University of Chicago |
| Presented by: Neale Mahoney, University of Chicago |
| 2. How Well Did Social Security Mitigate the Effects of the Great Recession? |
| By William Peterman; Federal Reserve Board of Governors Kamila Sommer; Federal Reserve Board |
| Presented by: William Peterman, Federal Reserve Board of Governors |
| 3. Public Deficit Bias and Immigration |
| By Michael Ben-Gad; City University London |
| Presented by: Michael Ben-Gad, City University London |
| 4. Tax Competition and Migration |
| By Laurent Simula; Uppsala University |
| Presented by: Laurent Simula, Uppsala University |
| Session 26: Networks and Supply Chains June 27, 2013 15:30 to 17:30 |
| 1. Losing to Win: Reputation Management of Online Sellers |
| By Ying Fan; University of Michigan Jiandong Ju; Tsinghua University Mo Xiao; University of Arizona |
| Presented by: Mo Xiao, University of Arizona |
| 2. Financial Constraints and Franchising Decisions |
| By Ying Fan; University of Michigan Kai-Uwe Kuhn; University of Michigan Francine Lafontaine; University of Michigan |
| Presented by: Ying Fan, University of Michigan |
| 3. Institutions and the Sectoral Organization of Production |
| By Ana Fernandes; University of Bern |
| Presented by: Ana Fernandes, Berner Fachhochschule; University of Fribourg |
| 4. The Welfare Effects of Vertical Integration in Multichannel Television Markets |
| By Gregory Crawford; University of Warwick Robin Lee; Stern School of Business, New York Unive Michael Whinston Ali Yurukoglu; Stanford University |
| Presented by: Robin Lee, Stern School of Business, New York Unive |
| Session 27: Credit Booms. Early Warnings? June 27, 2013 15:30 to 17:30 |
| 1. When Credit Bites Back |
| By Oscar Jorda; Federal Reserve Bank of San Francisco Moritz Schularick; Free University of Berlin Alan Taylor; University of Virginia |
| Presented by: Oscar Jorda, Federal Reserve Bank of San Francisco |
| 2. Aggregate Uncertainty and the Supply of Credit |
| By Fabian Valencia; International Monetary Fund Jeanne Verrier; Johns Hopkins University |
| Presented by: Fabian Valencia, International Monetary Fund |
| 3. Anatomy of credit booms and their demise |
| By Enrique Mendoza; University of Pennsylvania Marco Terrones; International Monetary Fund |
| Presented by: Marco Terrones, International Monetary Fund |
| 4. Political Booms, Financial Crises |
| By Helios Herrera; Columbia University Guillermo Ordonez; University of Pennsylvania Christoph Trebesch; University of Munich |
| Presented by: Helios Herrera, Columbia University |
| Session 28: Imports, Productivity and Trade Reform June 27, 2013 15:30 to 17:30 |
| 1. Imported Inputs, Quality Complementarity, and Skill Demand |
| By Diego Saravia; Central Bank of Chile, Nico Voigtlaender; UCLA |
| Presented by: Nico Voigtlaender, UCLA |
| 2. International Trade with Inattentive Importers |
| By Kunal Dasgupta; University of Toronto Jordi Mondria; University of Toronto |
| Presented by: Jordi Mondria, University of Toronto |
| 3. Using the New Products Margin to Predict the Sectoral Impact of Trade Reform |
| By Timothy Kehoe; University of Minnesota Jack Rossbach; University of Minnesota Kim Ruhl; New York University Stern School of Business |
| Presented by: Timothy Kehoe, University of Minnesota |
| 4. Firms, Destinations, and Aggregate Fluctuations |
| By Julian di Giovanni; International Monetary Fund Andrei Levchenko; University of Michigan Isabelle Mejean; Ecole Polytechnique |
| Presented by: Isabelle Mejean, Ecole Polytechnique |
| Session 29: Firm Dynamics and Financial Frictions June 27, 2013 15:30 to 17:30 |
| 1. Intangibles and Endogenous Firm Volatility over the Business Cycle |
| By Pablo D'Erasmo; University of Maryland Hernan Moscoso Boedo; University of Virginia |
| Presented by: Hernan Moscoso Boedo, University of Virginia |
| 2. Dynamics of Firms and Trade in General Equilibrium |
| By Robert Dekle; University of Southern California Hyeok Jeong; KDI School Nobuhiro Kiyotaki; Princeton University |
| Presented by: Hyeok Jeong, KDI School |
| 3. Financial Frictions, Investment and Tobin’s q |
| By Dan Cao; Georgetown University Guido Lorenzoni; Northwestern University Karl Walentin; Sveriges Riksbank (Bank of Sweden) |
| Presented by: Dan Cao, Georgetown University |
| 4. Diversification, Cost Structure, and the Stock Returns of Multinational Corporations |
| By Jose Fillat; Federal Reserve Bank of Boston Stefania Garetto; Boston University Lindsay Oldenski; Georgetown University |
| Presented by: Stefania Garetto, Boston University |
| Session 30: Development and Growth June 27, 2013 15:30 to 17:30 |
| 1. Long-Run Misallocation in the Labor Market: Evidence from Germany's Post-War Population Transfers |
| By Michael Peters; Yale University |
| Presented by: Michael Peters, Yale University |
| 2. Apprenticeship and Technological Progress in the Malthusian World |
| By David de la Croix; Univ cath Louvain Matthias Doepke; Northwestern University Joel Mokyr; Northwestern University |
| Presented by: Matthias Doepke, Northwestern University |
| 3. Constraints to the Growth of Firms: All in the Family? |
| By David Atkin; Yale University Francisco Buera; University of California at Los Angeles Amit Khandelwal; Columbia Business School Yongseok Shin; Washington University in St. Louis |
| Presented by: Francisco Buera, University of California at Los Angeles |
| 4. Financial Frictions and Industrial Policies |
| By Oleg Itskhoki; Princeton University Benjamin Moll; Princeton University |
| Presented by: Benjamin Moll, Princeton University |
| Session 31: Advances in NDPF June 27, 2013 15:30 to 17:30 |
| 1. Social Security is NOT a Substitute for Annuities |
| By Frank Caliendo; Utah State University Lei (Nick) Guo; Jon M. Huntsman School of Business, Utah State University Roozbeh Hosseini; Arizona State University |
| Presented by: Roozbeh Hosseini, Arizona State University |
| 2. Machines, Buildings, and Optimal Dynamic Taxes |
| By Ctirad Slavik; Goethe University in Frankfurt Hakki Yazici; Sabanci University |
| Presented by: Ctirad Slavik, Goethe University in Frankfurt |
| 3. Strategic default |
| By Antonio Mele; University of Surrey |
| Presented by: Antonio Mele, University of Surrey |
| 4. A Theory of Economic and Political Cycles |
| By Laurence Ales; Carnegie Mellon University Pricila Maziero; University of Pennsylvania Pierre Yared; Columbia University |
| Presented by: Pricila Maziero, University of Pennsylvania |
| Session 32: Open Economy Macro June 27, 2013 15:30 to 17:30 |
| 1. Third-Country Effects on the Exchange Rate |
| By Kimberly Berg; University of Notre Dame Nelson Mark; University of Notre Dame |
| Presented by: Kimberly Berg, University of Notre Dame |
| 2. The Risk Premium and Long-Run Global Imbalances |
| By YiLi Chien; Federal Reserve Bank of St. Louis Kanda Naknoi; University of Connecticut |
| Presented by: Kanda Naknoi, University of Connecticut |
| 3. The Great Recession: A Self-Fulfilling Global Panic |
| By Philippe Bacchetta; University of Lausanne Eric van Wincoop; University of Virginia |
| Presented by: Philippe Bacchetta, University of Lausanne |
| 4. Exchange rates as an instrument of monetary policy |
| By Ilian Mihov; INSEAD Ana Santacreu; INSEAD |
| Presented by: Ana Maria Santacreu, INSEAD |
| Session 33: Technology Adoption, Innovation and Diffusion June 27, 2013 15:30 to 17:30 |
| 1. Cumulative Innovation, Growth and Welfare-Improving Patent Policy |
| By Edwin Lai; Hong Kong University of Science and Tech |
| Presented by: Edwin Lai, Hong Kong University of Science and Tech |
| 2. Shared Rights and Technological Progress |
| By Matthew Mitchell; University of Toronto Yuzhe Zhang; Texas A&M University |
| Presented by: Yuzhe Zhang, Texas A&M University |
| 3. Directed Technological Change: A Quantitative Analysis |
| By Robert Tamura; Clemson University Michal Jerzmanowski; Clemson University |
| Presented by: Robert Tamura, Clemson University |
| 4. Spin-offs: Theory and Evidence from the Early U.S. Automobile Industry |
| By Luis Cabral; NYU Stern Zhu Wang; Federal Reserve Bank of Richmond |
| Presented by: Zhu Wang, Federal Reserve Bank of Richmond |
| Session 34: Housing and Inventory dynamics June 27, 2013 15:30 to 17:30 |
| 1. House Prices and Monetary Policy: Focus on The Elasticity of Intra-Temporal Substitution between Housing and Consumption |
| By In Ho Song; Korea Development Institute |
| Presented by: In Ho Song, Korea Development Institute |
| 2. Mortgage Guarantees and House Price Inflation: A Quantitative Analysis |
| By Omer Acikgoz; Yeshiva University James Kahn; Yeshiva University |
| Presented by: James Kahn, Yeshiva University |
| 3. House Price Dynamics with Household Debt: the Korean Case |
| By Hyun Jeong Kim; the Bank of Korea |
| Presented by: Hyun Jeong Kim, the Bank of Korea |
| 4. Can news shocks account for the business-cycle dynamics of inventories? |
| By Nicolas Crouzet; Columbia University Hyunseung Oh; Columbia University |
| Presented by: Hyunseung Oh, Columbia University |
| Session 35: Earnings and Labor Supply Dynamics June 27, 2013 15:30 to 17:30 |
| 1. Post schooling human capital investments and the life cycle variance of earnings |
| By Nicolas Pistolesi; Toulouse School of Economics (GREMAQ) Thierry Magnac; Toulouse School of Economics Sebastien Roux; CREST |
| Presented by: Nicolas Pistolesi, Toulouse School of Economics (GREMAQ) |
| 2. Better Workers Move to Better Firms: A Simple Test to Identify Sorting |
| By Cristian Bartolucci; Collegio Carlo Alberto Francesco Devicienti; Università di Torino |
| Presented by: Cristian Bartolucci, Collegio Carlo Alberto |
| 3. Career Progression, Economic Downturns, and Skills |
| By Jerome Adda; European University Institute Christian Dustmann; University College London Costas Meghir; Yale University Jean-Marc Robin; Sciences-Po |
| Presented by: Christian Dustmann, University College London |
| 4. Employer Learning, Job Mobility, and Wage Dynamics |
| By Seik Kim; University of Washington Emiko Usui; Nagoya University |
| Presented by: Emiko Usui, Nagoya University |
| Session 36: Labor Markets and Unemployment June 27, 2013 15:30 to 17:30 |
| 1. Endogenous Dual Labor Markets |
| By Enchuan Shao; Bank of Canada Pedro Silos; Federal Reserve Bank of Atlanta |
| Presented by: Pedro Silos, Federal Reserve Bank of Atlanta |
| 2. The Cyclical Behavior of Equilibrium Unemployment and Vacancies Across OECD Countries |
| By Pedro Amaral; Federal Reserve Bank of Cleveland Murat Tasci; Federal Reserve Bank of Cleveland |
| Presented by: Pedro Amaral, Federal Reserve Bank of Cleveland |
| 3. On Households and Unemployment |
| By Sekyu Choi; Universitat Autonoma de Barcelona |
| Presented by: Sekyu Choi, Universitat Autonoma de Barcelona |
| 4. Optimal Unemployment Insurance with Monitoring |
| By Ofer Setty; Tel Aviv University |
| Presented by: Ofer Setty, Tel Aviv University |
| Session 37: Inflation dynamics June 28, 2013 9:45 to 11:45 |
| 1. Inflation Announcements and Social Dynamics |
| By Kinda Hachem; University of Chicago Jing Cynthia Wu; University of Chicago |
| Presented by: Kinda Hachem, University of Chicago |
| 2. Indeterminacy and Learning: An Analysis of Monetary Policy in the Great Inflation |
| By Thomas Lubik; Federal Reserve Bank of Richmond Christian Matthes; Universitat Pompeu Fabra |
| Presented by: Thomas Lubik, Federal Reserve Bank of Richmond |
| 3. What Explains Japan's Persistent Deflation? |
| By Carlos Carvalho; Pontificia Universidade Catolica do Rio de Janeiro Andrea Ferrero; Federal Reserve Bank of New York |
| Presented by: Carlos Carvalho, Pontificia Universidade Catolica do Rio de Janeiro |
| 4. Inflation Dynamics During the Financial Crisis |
| By Simon Gilchrist; Boston University Raphael Schoenle; Brandeis University jae sim Egon Zakrajsek; Federal Reserve Board |
| Presented by: jae sim, Federal Reeserve Board |
| Session 38: Topics in International Trade II June 28, 2013 9:45 to 11:45 |
| 1. Inter-Regional Trade, Inter-Sectoral Trade, and Productivity |
| By Lorenzo Caliendo; Yale University Fernando Parro; Federal Reserve Board Esteban Rossi-Hansberg; Princeton University Pierre-Daniel Sarte; Federal Reserve Bank of Richmond |
| Presented by: Lorenzo Caliendo, Yale University |
| 2. Trade Reforms, Foreign Competition, and Labor Market Adjustments in the U.S. |
| By Illenin Kondo; Federal Reserve Board |
| Presented by: Illenin Kondo, Federal Reserve Board |
| 3. The Intensive Margin of Imports and Firm Productivity |
| By Joaquin Blaum; Brown University Claire Lelarge; CREST Michael Peters; Yale University |
| Presented by: Joaquin Blaum, Brown University |
| 4. Measuring the Unequal Gains From Trade |
| By Pablo Fajgelbaum; UCLA Amit Khandelwal; Columbia Business School |
| Presented by: Pablo Fajgelbaum, UCLA |
| Session 39: Macroeconomic Externalities with Financial Frictions June 28, 2013 9:45 to 11:45 |
| 1. Macroprudential Regulation Versus Mopping Up After the Crash |
| By Olivier Jeanne; John Hopkins University Anton Korinek; Johns Hopkins University and IMF |
| Presented by: Anton Korinek, Johns Hopkins University and IMF |
| 2. Fiscal Unions |
| By Emmanuel Farhi; Harvard University |
| Presented by: Emmanuel Farhi, Harvard University |
| 3. Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area |
| By Dominic Quint; Free University Berlin Pau Rabanal; IMF |
| Presented by: Dominic Quint, Free University Berlin |
| 4. Liquidity Trap and Excessive Leverage |
| By Anton Korinek; Johns Hopkins University and IMF Alp Simsek; Massachusetts Institute of Technology |
| Presented by: Alp Simsek, Massachusetts Institute of Technology |
| Session 40: Structural Transformation, Development, and Urbanization June 28, 2013 9:45 to 11:45 |
| 1. Urbanization with and without Structural Transformation |
| By Remi Jedwab; George Washington University and LSE |
| Presented by: Remi Jedwab, George Washington University and LSE |
| 2. Sectoral Technology and Structural Transformation |
| By Akos Valentinyi; Cardiff Business School |
| Presented by: Akos Valentinyi, Cardiff Business School |
| 3. Financial Frictions and Agricultural Productivity Differences |
| By Junmin Liao; Washington University in St. Louis Wei Wang; Washington University in St. Louis |
| Presented by: Wei Wang, Washington University in St. Louis |
| 4. Stages of Diversification and Industry Productivity Differences |
| By Roberto Samaniego; George Washington University |
| Presented by: Roberto Samaniego, George Washington University |
| Session 41: Migration and Labor Markets June 28, 2013 9:45 to 11:45 |
| 1. Dual Income Couples and Interstate Migration |
| By Bulent Guler; Indiana University - Bloomington |
| Presented by: Bulent Guler, Indiana University - Bloomington |
| 2. Immigration Restrictions and Skill Premia |
| By John Kennan; University of Wisconsin Madison |
| Presented by: John Kennan, University of Wisconsin Madison |
| 3. The Native-Immigrant Wage Gap in the United States |
| By Rebecca Lessem; Carnegie Mellon University Carl Sanders; Washington University in St. Louis |
| Presented by: Carl Sanders, Washington University in St. Louis |
| 4. Regional Mismatch and Labor Reallocation in an Equilibrium Model of Migration |
| By Plamen Nenov; Norwegian Business School (BI) |
| Presented by: Plamen Nenov, Norwegian Business School (BI) |
| Session 42: Unemployment in the Great Recession June 28, 2013 9:45 to 11:45 |
| 1. Sectoral Shocks, the Beveridge Curve and Monetary Policy |
| By Dmitriy Sergeyev; Columbia University Neil Mehrotra; Columbia University |
| Presented by: Dmitriy Sergeyev, Columbia University |
| 2. Job Search Behavior over the Business Cycle |
| By Toshihiko Mukoyama; University of Virginia Christina Patterson; Federal Reserve Bank of New York Aysegul Sahin; Federal Reserve Bank of New York |
| Presented by: Toshihiko Mukoyama, University of Virginia |
| 3. Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects |
| By Marcus Hagedorn; Institute of Advanced Studies Fatih Karahan; Federal Reserve Bank of New York Iourii Manovskii; University of Pennsylvania Kurt Mitman; University of Pennsylvania |
| Presented by: Fatih Karahan, Federal Reserve Bank of New York |
| 4. Hysteresis in Unemployment and Jobless Recoveries |
| By Dmitry Plotnikov; University Of California, Los Angeles |
| Presented by: Dmitry Plotnikov, University Of California, Los Angeles |
| Session 43: Perspectives on the Arab Spring June 28, 2013 9:45 to 11:45 |
| 1. Medieval Universities, Legal Institutions, and the Commercial Revolution |
| By Davide Cantoni; Ludwig-Maximilians-Universität München Noam Yuchtman; UC Berkeley |
| Presented by: Noam Yuchtman, UC Berkeley |
| 2. "The People Want the Fall of the Regime": Schooling, Political Protest, and the Economy |
| By Filipe Campante; Harvard University |
| Presented by: Filipe Campante, Harvard University |
| 3. Corruption Networks and the Balance of Power in Egypt's Arab Spring |
| By Daron Acemoglu; Massachusetts Institute of Technology Tarek Hassan; The University of Chicago Ahmed Tahoun; London Busines School |
| Presented by: Tarek Hassan, The University of Chicago |
| Session 44: Exchange Rates and Prices June 28, 2013 9:45 to 11:45 |
| 1. Importers, Exporters, and Exchange Rate Disconnect |
| By Oleg Itskhoki; Princeton University |
| Presented by: Oleg Itskhoki, Princeton University |
| 2. Product Introductions, Currency Unions, and the Real Exchange Rate |
| By Alberto Cavallo; MIT Brent Neiman; University of Chicago Roberto Rigobon; Massachusetts Institute of Technology |
| Presented by: Alberto Cavallo, MIT |
| 3. IKEA: Product, Pricing, and Pass-Through |
| By Marianne Baxter; Boston University Anthony Landry; University of Pennsylvania |
| Presented by: Anthony Landry, University of Pennsylvania |
| 4. Pass-through Across Products and Time |
| By David Berger; Northwestern University Joseph Vavra; University of Chicago |
| Presented by: Joseph Vavra, University of Chicago |
| Session 45: Robustness and Heterogeneous Beliefs June 28, 2013 9:45 to 11:45 |
| 1. The Role of Bounded Rationality in Macro-Finance Affine Term-Structure Models |
| By Jinsook Kim; Seoul National University Eunmi Ko; Seoul National University Tack Yun; Seoul National University |
| Presented by: Tack Yun, Seoul National University |
| 2. Robust preference expansions |
| By Jaroslav Borovicka; New York University Lars Hansen; University of Chicago |
| Presented by: Jaroslav Borovicka, New York University |
| 3. Woodford's Approach to Robust Policy Analysis in a Linear-Quadratic Framework |
| By Hyosung Kwon; Boston University Jianjun Miao; Boston University |
| Presented by: Hyosung Kwon, Boston University |
| 4. Policy design with private sector skepticism in the textbook New Keynesian model |
| By Robert King; Boston University Yang Lu; Hong Kong University of Science and Technology Ernesto Pasten; Banco Central de Chile and Toulouse School of Economics |
| Presented by: Yang Lu, Hong Kong University of Science and Technology |
| Session 46: Pricing Frictions June 28, 2013 9:45 to 11:45 |
| 1. Learning to Price |
| By Isaac Baley; New York University Julio Blanco; New York University |
| Presented by: Isaac Baley, New York University |
| 2. Time- and State-Dependent Pricing: A Unified Framework |
| By Marco Bonomo; Fundação Getulio Vargas Carlos Carvalho; Pontificia Universidade Catolica do Rio de Janeiro Rene Garcia; EDHEC Business School |
| Presented by: Marco Bonomo, Fundação Getulio Vargas |
| 3. Estimating Quarterly Different Price and Wage Rigidity and Its Implication for Monetary Policy |
| By Sung Ho Park; Bank of Korea |
| Presented by: Sung Ho Park, Bank of Korea |
| 4. Menu Costs, Trade Flows, and Exchange Rate Volatility |
| By Logan Lewis; Federal Reserve Board |
| Presented by: Logan Lewis, Federal Reserve Board |
| Session 47: Public Finance in Aging Societies June 28, 2013 9:45 to 11:45 |
| 1. The Role of Social Insurance Programs in Accounting for Cross-Country Differences in Retirement Behavior |
| By Tobias Laun; Uppsala university Johanna Wallenius; Stockholm School of Economics |
| Presented by: Johanna Wallenius, Stockholm School of Economics |
| 2. On Financing Retirement with an Aging Population |
| By Ellen McGrattan; Federal Reserve Bank of Minneapolis Edward Prescott; Federal Reserve Bank of Minneapolis |
| Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis |
| 3. Achieving Fiscal Balance in Japan |
| By Selahattin Imrohoroglu; University of Southern California Sagiri Kitao; Hunter College Tomoaki Yamada; Meiji University |
| Presented by: Selahattin Imrohoroglu, University of Southern California |
| 4. Health Heterogeneity and the Preferences for Consumption Growth |
| By Jay Hong; University of Rochester Josep Pijoan-Mas; CEMFI Jose-Victor Rios-Rull; University of Minnesota |
| Presented by: Josep Pijoan-Mas, CEMFI |
| Session 48: Corporate Finance June 28, 2013 9:45 to 11:45 |
| 1. Financing Growth without Banks: Korean Housing Repo Contract |
| By Se-Jik Kim; Seoul National University Hyun Shin; Princeton University |
| Presented by: Se-Jik Kim, Seoul National University |
| 2. Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market |
| By Filippo Ippolito; Universitat Pompeu Fabra Ali Ozdagli; Federal Reserve Bank of Boston Ander Perez; Universitat Pompeu Fabra |
| Presented by: Ali Ozdagli, Federal Reserve Bank of Boston |
| 3. Contingent Convertible Bonds and Capital Structure Decisions |
| By Boris Albul; UC Berkeley Dwight Jaffee; UC Berkeley Alexei Tchistyi; Haas School of Business, UC Berkeley |
| Presented by: Alexei Tchistyi, Haas School of Business, UC Berkeley |
| 4. Dynamic Corporate Liquidiy |
| By Lukas Schmid; Duke University Roberto Steri; Duke University |
| Presented by: Roberto Steri, Duke University |
| Session 49: Tax Policy in a Diverse World June 28, 2013 13:00 to 15:00 |
| 1. Taxation and the Allocation of Talent |
| By Ben Lockwood; Harvard University Charles Nathanson; Harvard University Eric Weyl; University of Chicago |
| Presented by: Eric Weyl, University of Chicago |
| 2. Financial Transaction Taxes and Fire Sales |
| By Felix Bierbrauer; University of Cologne |
| Presented by: Felix Bierbrauer, University of Cologne |
| 3. Taxing Top Earners: A Human Capital Perspective |
| By Alejandro Badel; St. Louis Fed Mark Huggett; Georgetown University |
| Presented by: Alejandro Badel, St. Louis Fed |
| 4. Capital Taxation with Multidimensional Heterogeneity |
| By Casey Rothschild; Wellesley College Florian Scheuer; Stanford University |
| Presented by: Florian Scheuer, Stanford University |
| Session 50: Financial Intermediation and the Macroeconomy June 28, 2013 13:00 to 15:00 |
| 1. Banking, Liquidity and Bank Runs in an Infinite Horizon Economy |
| By Nobuhiro Kiyotaki; Princeton University |
| Presented by: Nobuhiro Kiyotaki, Princeton University |
| 2. A Macroeconomic Framework for Quantifying Systemic Risk |
| By Zhiguo He; University of Chicago, Booth School of B |
| Presented by: Zhiguo He, University of Chicago, Booth School of B |
| 3. The I-Theory of Money |
| By Markus Brunnermeier; Princeton University Yuliy Sannikov; Princeton University |
| Presented by: Yuliy Sannikov, Princeton University |
| 4. Debt: Deleveraging or Default |
| By Guillermo Ordonez; University of Pennsylvania David Perez-Reyna; University of Minnesota Motohiro Yogo; Federal Reserve Bank of Minneapolis |
| Presented by: Motohiro Yogo, Federal Reserve Bank of Minneapolis |
| Session 51: Exchange Rates and Capital Controls June 28, 2013 13:00 to 15:00 |
| 1. Capital Controls or Real Exchange Rate Policy? A Pecuniary Externality Perspective |
| By Christopher Otrok; University of Missouri/St Louis Fed Alessandro Rebucci; Inter-American Development Bank Eric Young; University of Virginia |
| Presented by: Eric Young, University of Virginia |
| 2. FX Funding Risks and Exchange Rate Volatility - Korea's Case |
| By Kyoungsoo Yoon; The Bank of Korea |
| Presented by: Kyoungsoo Yoon, The Bank of Korea |
| 3. Capital Inflows and Exchange Rate Volatility in Korea |
| By Kyuil Chung; The Bank of Korea |
| Presented by: Kyuil Chung, The Bank of Korea |
| 4. Capital Controls: a Normative Analysis |
| By Bianca De Paoli; Federal Reserve Bank of New York Anna Lipinska; Federal Reserve Board |
| Presented by: Anna Lipinska, Federal Reserve Board |
| Session 52: Search and Information Frictions June 28, 2013 13:00 to 15:00 |
| 1. Consumers' Imperfect Information and Price Rigidities |
| By Jean-Paul L'Huillier; Einaudi Institute for Economics and Fina |
| Presented by: Jean-Paul L'Huillier, Einaudi Institute for Economics and Fina |
| 2. Informational Fragility of Dynamic Rational Expectations Equilibria |
| By Giacomo Rondina; University of California, San Diego |
| Presented by: Giacomo Rondina, University of California, San Diego |
| 3. Customer Relationship and Sales |
| By Shouyong Shi; University of Toronto |
| Presented by: Shouyong Shi, University of Toronto |
| 4. The Social Value of Private Information |
| By Thomas Mertens; New York University |
| Presented by: Thomas Mertens, New York University |
| Session 53: Wage Inequality I June 28, 2013 13:00 to 15:00 |
| 1. Occupational Complexity, Experience, and the Gender Wage Gap |
| By Elisa Keller; University of Iowa |
| Presented by: Elisa Keller, University of Iowa |
| 2. Cyclical Employment and Learning Ability |
| By Jongsuk Han; University of Rochester |
| Presented by: Jongsuk Han, University of Rochester |
| 3. Math Matters: Student Ability, College Majors, and Wage Inequality |
| By Andrew Rendall; University of Zurich Michelle Rendall; University of Zurich |
| Presented by: Andrew Rendall, University of Zurich |
| 4. Job Polarization : Market Responses to Interindustry Wage Differentials |
| By Myungkyu Shim; UCSD Hee-Seung Yang; Monash University |
| Presented by: Myungkyu Shim, UCSD |
| Session 54: The Big Recession: Aggregate Demand or Frictions to Reallocation? June 28, 2013 13:00 to 15:00 |
| 1. Long-term Unemployment: Attached and Mismatched? |
| By David Wiczer; University of Minnesota |
| Presented by: David Wiczer, University of Minnesota |
| 2. Sectoral Shocks, Reallocation and Unemployment in a Model of Competitive Labor Markets |
| By Maximiliano Dvorkin; Yale University |
| Presented by: Maximiliano Dvorkin, Yale University |
| 3. Job Destruction without Job Creation: Structural Trasformation in the Overborrowed America |
| By Alessandro Galesi; Centro de Estudios Monetarios y Financieros Claudio Michelacci; CEMFI |
| Presented by: Claudio Michelacci, CEMFI |
| 4. Job Uncertainty and Deep Recessions |
| By Morten Ravn; University College London Vincent Sterk; University College London |
| Presented by: Vincent Sterk, University College London |
| Session 55: Firm Dynamics, Growth, Trade, and Productivity June 28, 2013 13:00 to 15:00 |
| 1. Eventually, Noise and Imitation Implies Balanced Growth |
| By Erzo Luttmer; University of Minnesota |
| Presented by: Erzo Luttmer, University of Minnesota |
| 2. Dynamic Selection and the New Gains from Trade with Heterogeneous Firms |
| By Thomas Sampson; LSE |
| Presented by: Thomas Sampson, LSE |
| 3. The Informativeness of Stock Prices, Misallocation and Aggregate Productivity |
| By Joel David; USC Hugo A. Hopenhayn; UCLA Vaidyanathan Venkateswaran; Pennsylvania State University |
| Presented by: Joel David, USC |
| 4. Equilibrium Technology Diffusion, Trade, and Growth |
| By Jesse Perla; NYU Christopher Tonetti; New York University Mike Waugh; New York University |
| Presented by: Christopher Tonetti, New York University |
| Session 56: Demand Effects and Labour Market Interactions June 28, 2013 13:00 to 15:00 |
| 1. Understanding Non-Inflationary Demand Driven Business Cycles |
| By Paul Beaudry; University of British Columbia Franck Portier; Toulouse School of Economics |
| Presented by: Franck Portier, Toulouse School of Economics |
| 2. A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters |
| By Pascal Michaillat; London School of Economics Emmanuel Saez; UC Berkeley |
| Presented by: Pascal Michaillat, London School of Economics |
| 3. Precautionary Saving and Aggregate Demand |
| By Edouard Challe; Ecole Polytechnique Julien Matheron; Banque de France Xavier Ragot; Paris School of Economics Juan Rubio-Ramirez; Duke University |
| Presented by: Edouard Challe, Ecole Polytechnique |
| 4. Unemployment (Fears), Precautionary Savings, and Aggregate Demand |
| By Pontus Rendahl; University of Cambridge |
| Presented by: Pontus Rendahl, University of Cambridge |
| Session 57: Asset Pricing June 28, 2013 13:00 to 15:00 |
| 1. "Shooting" the CAPM |
| By Hang Bai; The Ohio State University Howard Kung; University of British Columbia Lu Zhang; The Ohio State University |
| Presented by: Howard Kung, University of British Columbia |
| 2. Asset Prices with Heterogeneity in Preferences and Beliefs |
| By Harjoat Bhamra; UBC Raman Uppal; EDHEC |
| Presented by: Harjoat Bhamra, UBC |
| 3. Financial Expertise and Asset Prices |
| By Andrea Eisfeldt; UCLA Anderson School of Management Hanno Lustig; Anderson School of Business Lei Zhang; ucla |
| Presented by: Andrea Eisfeldt, UCLA Anderson School of Management |
| 4. Asset pricing in the frequency domain: theory and empirics |
| By Ian Dew-Becker; Federal Reserve Bank of San Francisco Stefano Giglio; University of Chicago |
| Presented by: Ian Dew-Becker, Federal Reserve Bank of San Francisco |
| Session 58: Labor Market Shocks June 28, 2013 13:00 to 15:00 |
| 1. Time and space aggregation of the labor market flows |
| By Katarina Borovickova; New York University |
| Presented by: Katarina Borovickova, New York University |
| 2. The Effect of Moral Hazard on Wage Inequality with On-the-Job Search and Employer Competition |
| By Arpad Abraham; European University Institute Fernando Alvarez-Parra; CAF Development Bank of Latin America Susanne Forstner; Institute for International Economic Studies |
| Presented by: Susanne Forstner, Institute for International Economic Studies |
| 3. On The Welfare Costs Of Unemployment Fluctuations |
| By Michael Reiter; Institute for Advanced Studies |
| Presented by: Michael Reiter, Institute for Advanced Studies |
| 4. What Do Data on Millions of U.S. Workers Say About Labor Income Risk? |
| By Fatih Guvenen; University of Minnesota Fatih Karahan; Federal Reserve Bank of New York Serdar Ozkan; Federal Reserve Board Jae Song; Social Security Administration |
| Presented by: Serdar Ozkan, Federal Reserve Board |
| Session 59: International Macro June 28, 2013 13:00 to 15:00 |
| 1. Real Exchange Rate Dynamics in Sticky-Price Models with Capital |
| By Carlos Carvalho; Pontificia Universidade Catolica do Rio de Janeiro Fernanda Nechio; Federal Reserve Bank of San Francisco |
| Presented by: Fernanda Nechio, Federal Reserve Bank of San Francisco |
| 2. Distribution capital and the short- and long-run import demand elasticity |
| By Mario Crucini; Vanderbilt University Scott Davis; Federal Reserve Bank of Dallas |
| Presented by: Scott Davis, Federal Reserve Bank of Dallas |
| 3. Trade, Unemployment, and Monetary Policy |
| By Matteo Cacciatore; HEC Montreal |
| Presented by: Matteo Cacciatore, HEC Montreal |
| 4. Global Gains from Reduction of Trade Costs |
| By Edwin Lai; Hong Kong University of Science and Tech Han QI; Hong Kong University of Science and Technology Haichao Fan; Hong Kong University of Science and Technology |
| Presented by: Han QI, Hong Kong University of Science and Technology |
| Session 60: Labor Supply and Aggregate Fluctuations June 28, 2013 13:00 to 15:00 |
| 1. Hours Worked With and Without Capital Income |
| By Jeffrey Campbell; Federal Reserve Bank of Chicago Christine Ostrowski; Federal Reserve Bank of Chicago |
| Presented by: Christine Ostrowski, Federal Reserve Bank of Chicago |
| 2. Coordinated labor Supply within the Firm: Evidence and Implications |
| By Michele Battisti; Ifo Institute at University of Munich Ryan Michaels; University of Rochester |
| Presented by: Michele Battisti, Ifo Institute at University of Munich |
| 3. Bargaining with Existing Workers, Over-hiring of Firms, and Labor Market Fluctuations |
| By Jiwoon Kim; University of Minnesota |
| Presented by: Jiwoon Kim, University of Minnesota |
| 4. Sorting by Skill over the Course of Job Search |
| By Marianna Kudlyak; Federal Reserve Bank of Richmond Damba Lkhagvasuren; Concordia University Roman Sysuyev; University of Rochester |
| Presented by: Marianna Kudlyak, Federal Reserve Bank of Richmond |
| Session 61: Expectations June 28, 2013 15:30 to 17:30 |
| 1. Wage Dynamics with Private Learning-by-doing and On-the-job Search |
| By Seung-Gyu Sim; University of Tokyo |
| Presented by: Seung-Gyu Sim, University of Tokyo |
| 2. First- and Second-order Subjective Expectations in Strategic Decision-Making: Experimental Evidence |
| By Claudia Neri; University of St.Gallen Charles Manski; Northwestern University |
| Presented by: Claudia Neri, University of St.Gallen |
| 3. Eliciting Maternal Beliefs about the Technology of Skill Formation |
| By Flavio Cunha; University of Pennsylvania |
| Presented by: Flavio Cunha, University of Pennsylvania |
| Session 62: Empirical Industrial Organization June 28, 2013 15:30 to 17:30 |
| 1. Signaling in Online Credit Markets |
| By Kei Kawai; New York University Ken ONISHI; Northwestern University Kosuke Uetake; Northwestern University |
| Presented by: Ken ONISHI, Northwestern University |
| 2. Very Simple Markov-Perfect Industry Dynamics |
| By Jaap Abbring; Tilburg University Jeffrey Campbell; Federal Reserve Bank of Chicago Jan Tilly; University of Pennsylvania Nan Yang; Business School, National University of |
| Presented by: Jeffrey Campbell, Federal Reserve Bank of Chicago |
| 3. Agglomeration Matters for Trade |
| By Enrique Moral-Benito; Bank of Spain |
| Presented by: Enrique Moral-Benito, Bank of Spain |
| 4. Estimating Platform Market Power in Two-Sided Markets with an Application to Magazine Advertising |
| By Minjae Song; University of Rochester |
| Presented by: Minjae Song, University of Rochester |
| Session 63: Policy making and the Great Recession June 28, 2013 15:30 to 17:30 |
| 1. Household Debt and Foreign Capital Flows |
| By Alejandro Justiniano; Federal Reerve Chicago Giorgio Primiceri; Northwestern University Andrea Tambalotti; Federal Reserve Bank of New York |
| Presented by: Alejandro Justiniano, Federal Reerve Chicago |
| 2. Monetary Policy at the Zero Lower Bound: An Endogenous Switching Approach to Forward Guidance |
| By Daniel Waggoner; Federal Reserve Bank of Atlanta Tao Zha; Federal Reserve Bank of Atlanta |
| Presented by: Daniel Waggoner, Federal Reserve Bank of Atlanta |
| 3. Emergency Lending in a Monetary Union |
| By Harald Uhlig; University of Chicago |
| Presented by: Harald Uhlig, University of Chicago |
| 4. Escaping the Great Recession |
| By Francesco Bianchi; Duke University Leonardo Melosi; Federal Reserve Bank of Chicago |
| Presented by: Francesco Bianchi, Duke University |
| Session 64: International Capital Flows June 28, 2013 15:30 to 17:30 |
| 1. Two-Way Capital Flows and Global Imbalances: A Neoclassical Approach |
| By pengfei Wang; Hong Kong University of Science and Technology Yi Wen; Federal Reserve Bank of St. Louis Zhiwei XU; HKUST |
| Presented by: Zhiwei XU, HKUST |
| 2. International Capital Flows, Financial Frictions and Welfare |
| By Filippo Taddei; SAIS - The Johns Hopkins University and Collegio Carlo Alberto |
| Presented by: Filippo Taddei, SAIS - The Johns Hopkins University and Collegio Carlo Alberto |
| 3. Global Imbalances and Structural Change in the United States |
| By Timothy Kehoe; University of Minnesota Kim Ruhl; New York University Stern School of Busi Joseph Steinberg; Univ of Minnesota |
| Presented by: Joseph Steinberg, Univ of Minnesota |
| 4. Rising Intangible Capital, Shrinking Debt Capacity, and the US Corporate Savings Glut |
| By Antonio Falato; Federal Reserve Board Dalida Kadyrzhanova; University of Maryland jae sim; Federal Reeserve Board |
| Presented by: Antonio Falato, Federal Reserve Board |
| Session 65: Labor Market Search: Heterogeneity and Aggregate Uncertainty June 28, 2013 15:30 to 17:30 |
| 1. Stochastic Search Equilibrium |
| By Giuseppe Moscarini; Yale University Fabien Postel-Vinay; University of Bristol |
| Presented by: Fabien Postel-Vinay, University of Bristol |
| 2. Efficient firm dynamics in a frictional labor market |
| By Leo Kaas; University of Konstanz Philipp Kircher; LSE and University of Edinburgh |
| Presented by: Leo Kaas, University of Konstanz |
| 3. Job, Employment and Occupation Flows Over the Business Cycle |
| By Carlos Carrillo-Tudela; Essex Lodewijk Visschers; Universidad Carlos III |
| Presented by: Lodewijk Visschers, Universidad Carlos III |
| 4. The Macro-dynamics of Sorting between Workers and Firms |
| By Jeremy Lise; University College London Jean-Marc Robin; Sciences-Po |
| Presented by: Jeremy Lise, University College London |
| Session 66: Default, Crises, and Financial Intermediation June 28, 2013 15:30 to 17:30 |
| 1. Sovereign Default Risk and Bank Balance Sheets |
| By Emine Boz; International Monetary Fund Pablo D'Erasmo; University of Maryland Bora Durdu; Federal Reserve Board |
| Presented by: Bora Durdu, Federal Reserve Board |
| 2. Sovereign Debt Crises and Financial Contagion: Estimating Effects in an Endogenous Network |
| By Brent Glover; Carnegie Mellon University Seth Richards-Shubik; Carnegie Mellon University |
| Presented by: Brent Glover, Carnegie Mellon University |
| 3. Financial Intermediation, Sudden Stops and Financial Crises |
| By Ozge Akinci; Federal Reserve Board of Governors Albert Queralto; Federal Reserve Board |
| Presented by: Albert Queralto, Federal Reserve Board |
| 4. Time-Varying Risk Premia and Capital Flows to Developing Countries |
| By Espen Henriksen; UC Davis Ina Simonovska; University of California, Davis |
| Presented by: Ina Simonovska, University of California, Davis |
| Session 67: Advances in Public Finance June 28, 2013 15:30 to 17:30 |
| 1. Optimal Taxation and Occupational Choice: The Redistributive Role of Production Inefficiencies |
| By Renato Gomes; Toulouse School of Economics Jean-Marie Lozachmeur; Toulouse School of Economics Alessandro Pavan; Northwestern University |
| Presented by: Renato Gomes, Toulouse School of Economics |
| 2. Social Insurance, Information Revelation, and Lack of Commitment |
| By Mikhail Golosov; Princeton University Luigi Iovino; Bocconi |
| Presented by: Luigi Iovino, Bocconi |
| 3. Market-based incentives |
| By Borys Grochulski; Federal Reserve Bank of Richmond Yuzhe Zhang; Texas A&M University |
| Presented by: Borys Grochulski, Federal Reserve Bank of Richmond |
| 4. Optimal Taxation of Wealthy Individuals |
| By Ali Shourideh; University of Pennsylavnia |
| Presented by: Ali Shourideh, University of Pennsylavnia |
| Session 68: Macroeconomics Across Time and Space June 28, 2013 15:30 to 17:30 |
| 1. Trends in Hours Worked across Countries: Evidence using Micro Data |
| By Alexander Bick; Arizona State University Bettina Brueggemann; Goethe University Frankfurt Nicola Fuchs-Schuendeln; Goethe University Frankfurt |
| Presented by: Alexander Bick, Arizona State University |
| 2. Explaining Educational Attainment across Countries and over Time |
| By Diego Restuccia; University of Toronto Guillaume Vandenbroucke; University of Southern California |
| Presented by: Diego Restuccia, University of Toronto |
| 3. Labor Supply Incentives of Medicaid |
| By Svetlana Pashchenko; Uppsala University Ponpoje (Poe) Porapakkarm; University of Macau |
| Presented by: Ponpoje (Poe) Porapakkarm, University of Macau |
| 4. Consumption, Income and Wealth of the Very Poor: An Empirical Investigation of Cross-sectional and Lifetime Inequality in Sub-Saharan Africa |
| By Leandro De Magalhaes; University of Bristol Raul Santaeulalia-Llopis; Washington University in St. Louis |
| Presented by: Leandro De Magalhaes, University of Bristol |
| Session 69: Household Risk Sharing June 28, 2013 15:30 to 17:30 |
| 1. Implications of Labor Market Frictions for Risk Aversion and Risk Premia |
| By Eric Swanson; Federal Reserve Bank of San Francisco |
| Presented by: Eric Swanson, Federal Reserve Bank of San Francisco |
| 2. Risk Aversion Heterogeneity, Risky Jobs and Wealth Inequality |
| By Marco Cozzi; Queen's University |
| Presented by: Marco Cozzi, Queen's University |
| 3. Household Income Risk, Nominal Frictions, and Incomplete Markets |
| By Christian Bayer; Universitaet Bonn Ralph Lütticke; Uni Bonn Lien Pham; Uni Bonn Volker Tjaden; Bonn University |
| Presented by: Christian Bayer, Universitaet Bonn |
| 4. Efficient Risk Sharing with Model Uncertainty |
| By anmol bhandari; nyu |
| Presented by: anmol bhandari, nyu |
| Session 70: Productivity and Growth June 28, 2013 15:30 to 17:30 |
| 1. Binding Up the Nation's Wounds: An Economic Analysis of the Korean Reunification |
| By Sang Yoon (Tim) Lee; University of Mannheim Yongseok Shin; Washington University in St. Louis |
| Presented by: Yongseok Shin, Washington University in St. Louis |
| 2. A Unified Model of Structural Adjustments and International Trade: Theory and Evidence from China |
| By Jiandong Ju; Tsinghua University Vivian Yue; Federal Reserve Board of Governors |
| Presented by: Jiandong Ju, Tsinghua University |
| 3. Is the GDP growth rate in NIPA a welfare measure? |
| By Omar Licandro; IAE-CSIC and Barcelona GSE Jorge Duran; Université Libre de Bruxelles |
| Presented by: Omar Licandro, IAE-CSIC and Barcelona GSE |
| 4. The Role of Allocative Efficiency in A Decade of Recovery |
| By Kaiji Chen; Emory University |
| Presented by: Kaiji Chen, Emory University |
| Session 71: Macro Finance June 28, 2013 15:30 to 17:30 |
| 1. Means of payment and timing of mergers and acquisitions in a dynamic economy |
| By Alexander Gorbenko; London Business School Andrey Malenko; Massachusetts Institute of Technology |
| Presented by: Alexander Gorbenko, London Business School |
| 2. Who Should Pay for Credit Ratings and How? |
| By Anil Kashyap; University of Chicago Natalia Kovrijnykh; Arizona State University |
| Presented by: Natalia Kovrijnykh, Arizona State University |
| 3. Household risk management |
| By Adriano Rampini; Duke University S. Viswanathan; Duke University |
| Presented by: Adriano Rampini, Duke University |
| 4. Dynamic Debt Runs and the Market for Variable Rate Demand Obligations |
| By Bin Wei; Federal Reserve Board Vivian Yue; Federal Reserve Board of Governors |
| Presented by: Bin Wei, Federal Reserve Board |
| Session 72: Geography, Risk Sharing, and Income Inequality June 28, 2013 15:30 to 17:30 |
| 1. The Geography of the Great Recession |
| By Alessandra Fogli; University of Minnesota enoch hill; university of minnesota Fabrizio Perri; University of Minnesota |
| Presented by: Alessandra Fogli, University of Minnesota |
| 2. Macroeconomic Implications of Agglomeration |
| By Morris Davis; University of Wisconsin-Madison, School Jonas Fisher; Federal Reserve Bank of Chicago Toni Whited; University of Rochester |
| Presented by: Jonas Fisher, Federal Reserve Bank of Chicago |
| 3. Fiscal Policy and inequality in economies with large, unproductive, agricultural sectors |
| By Adrian Peralta-Alva; International Monetary Fund and Federal Reserve Bank of St. Louis |
| Presented by: Adrian Peralta-Alva, International Monetary Fund and Federal Reserve Bank of St. Louis |
| Session 73: Human Capital and Development June 29, 2013 9:45 to 11:45 |
| 1. Instability, Misallocation and Productivity |
| By Rody Manuelli; Washington University in St. Louis Thomas Sargent; New York University |
| Presented by: Rody Manuelli, Washington University in St. Louis |
| 2. Human Capital and the Urban and Structural Transformation of Countries |
| By Alexander Monge-Naranjo; Federal Reserve Bank of St. Louis Alejandro Badel; Federal Reserve Bank of St. Louis Pedro Ferreira; Fundação Getulio Vargas |
| Presented by: Alexander Monge-Naranjo, Federal Reserve Bank of St. Louis |
| 3. The Option Value of Human Capital |
| By Sang Yoon (Tim) Lee; University of Mannheim Yongseok Shin; Washington University in St. Louis |
| Presented by: Sang Yoon (Tim) Lee, University of Mannheim |
| 4. Refugees and Early Childhood Human Capital |
| By Todd Schoellman; Arizona State University |
| Presented by: Todd Schoellman, Arizona State University |
| Session 74: Bubbles and Identification in DSGE models June 29, 2013 9:45 to 11:45 |
| 1. A Bayesian DSGE Model of Stock Market Bubbles and Business Cycles |
| By Jianjun Miao; Boston University Pengfei Wang; Hong Kong University of Science and Tech Zhiwei Xu; Hong Kong University of Science and Technology |
| Presented by: Pengfei Wang, Hong Kong University of Science and Tech |
| 2. On the distribution of information in the moment structure of DSGE models |
| By Nikolay Iskrev; Bank of Portugal |
| Presented by: Nikolay Iskrev, Bank of Portugal |
| 3. On the Identification of Financial and Uncertainty Shocks |
| By Dario Caldara; Federal Reserve Board of Governors Cristina Fuentes Albero; Rutgers University Simon Gilchrist; Boston University Egon Zakrajsek; Federal Reserve Board |
| Presented by: Dario Caldara, Federal Reserve Board of Governors |
| 4. Stock Market Bubbles and Unemployment |
| By Jianjun Miao; Boston University Pengfei Wang; Hong Kong University of Science and Tech Lifang Xu; The Hong Kong University of Science and Technology |
| Presented by: Lifang Xu, The Hong Kong University of Science and Technology |
| Session 75: Networks in Macroeconomics June 29, 2013 9:45 to 11:45 |
| 1. Business Networks, Production Chains, and Productivity: A Theory of Input-Output Architecture |
| By Ezra Oberfield; Federal Reserve Bank of Chicago |
| Presented by: Ezra Oberfield, Federal Reserve Bank of Chicago |
| 2. Interaction-based Foundation of Aggregate Investment Shocks |
| By Makoto Nirei; Hitotsubashi University |
| Presented by: Makoto Nirei, Hitotsubashi University |
| 3. Financial Frictions in Production Networks |
| By Saki Bigio; Columbia Business School |
| Presented by: Saki Bigio, Columbia Business School |
| 4. The Rise of General Purpose Technologies |
| By Vasco Carvalho; CREI and Universitad Pompeu Fabra Nico Voigtlaender; UCLA |
| Presented by: Vasco Carvalho, CREI and Universitad Pompeu Fabra |
| Session 76: Money, Liquidity, and Trading in OTC Markets June 29, 2013 9:45 to 11:45 |
| 1. On the stability of money demand |
| By Juan Nicolini; Federal Reserve Bank of Minneapolis |
| Presented by: Juan Nicolini, Federal Reserve Bank of Minneapolis |
| 2. A Model of Monetary Exchange in Over-the-Counter Markets |
| By Ricardo Lagos; New York University Shengxing Zhang; New York University |
| Presented by: Shengxing Zhang, New York University |
| 3. Trading and Information Diffusion in Over-the-Counter Markets |
| By Ana Babus; Imperial College London Peter Kondor; Central European University |
| Presented by: Ana Babus, Imperial College London |
| 4. Dealers' Insurance, Market Structure And Liquidity |
| By Francesca Carapella; Federal Reserve Board Cyril Monnet; Universitat Bern |
| Presented by: Francesca Carapella, Federal Reserve Board |
| Session 77: Dynamic Taxation and Insurance June 29, 2013 9:45 to 11:45 |
| 1. Dynamic Tax Reforms |
| By Mikhail Golosov; Princeton University Aleh Tsyvinski; Yale University Nicolas Werquin; Yale University |
| Presented by: Nicolas Werquin, Yale University |
| 2. Welfare programs and motivation bias of social workers |
| By Pierre Boyer; University of Mannheim Jean-Marie Lozachmeur; Toulouse School of Economics |
| Presented by: Jean-Marie Lozachmeur, Toulouse School of Economics |
| 3. Taxes, Wedges and Aggregate Uncertainty: A Mirrleesian Approach. |
| By Carlos da Costa; Fundação Getulio Vargas |
| Presented by: Carlos da Costa, Fundação Getulio Vargas |
| 4. Optimal capital taxation for time-nonseparable preferences |
| By Sebastian Koehne; Stockholm University Moritz Kuhn; University of Bonn |
| Presented by: Sebastian Koehne, Stockholm University |
| Session 78: Entry Costs, Firm Sizes, and Development June 29, 2013 9:45 to 11:45 |
| 1. Foreign Firms, Distribution of Income, and the Welfare of Developing Countries |
| By Manuel García-Santana; ECARES |
| Presented by: Manuel García-Santana, ECARES |
| 2. Entry Costs Rise with Development |
| By Albert Bollard Peter Klenow; Stanford University Huiyu Li; Stanford University |
| Presented by: Huiyu Li, Stanford University |
| 3. Capital Account Openness and the Losses from Financial Frictions |
| By Minsoo Han; Pennsylvania State University |
| Presented by: Minsoo Han, Pennsylvania State University |
| 4. The Role of Establishment Heterogeneity in the Recovery from Sudden Stops |
| By Horag Choi; Monash University |
| Presented by: Horag Choi, Monash University |
| Session 79: Search Theory June 29, 2013 9:45 to 11:45 |
| 1. Efficient Entry in Competitive Search with Nonrival Meetings and Asymmetric Information |
| By James Albrecht; Georgetown University |
| Presented by: James Albrecht, Georgetown University |
| 2. Mixed search |
| By Anna Godøy; The Ragnar Frisch Centre for Espen Moen; Norwegian Business School-BI |
| Presented by: Anna Godøy, The Ragnar Frisch Centre for |
| 3. Bidding for Teams |
| By Benoit Julien; Australian School of Business, UNSW John Kennes; Aarhus University Moritz Ritter; Temple University |
| Presented by: Moritz Ritter, Temple University |
| 4. Stochastic Sorting |
| By Hector Chade; arizona state university |
| Presented by: Hector Chade, arizona state university |
| Session 80: Uncertainty and Fluctuations June 29, 2013 9:45 to 11:45 |
| 1. Modeling the Evolution of Expectations and Uncertainty in General Equilibrium |
| By Leonardo Melosi; Federal Reserve Bank of Chicago |
| Presented by: Leonardo Melosi, Federal Reserve Bank of Chicago |
| 2. Entrepreneurial Tail Risk: Implications for Employment Dynamics |
| By Thorsten Drautzburg; University of Chicago |
| Presented by: Thorsten Drautzburg, University of Chicago |
| 3. Uncertainty and Investment Options |
| By Nancy Stokey; University of Chicago |
| Presented by: Nancy Stokey, University of Chicago |
| 4. Uncertainty Shocks Are Aggregate Demand Shocks |
| By Sylvain Leduc; Federal Reserve Bank of San Francisco Zheng Liu; Federal Reserve Bank of San Francisco |
| Presented by: Zheng Liu, Federal Reserve Bank of San Francisco |
| Session 81: Government Spending June 29, 2013 9:45 to 11:45 |
| 1. Fiscal Reform and Government Debt in Japan: A Neoclassical Perspective |
| By Gary Hansen; UCLA Selahattin Imrohoroglu; University of Southern California |
| Presented by: Gary Hansen, UCLA |
| 2. On the Optimal Size of Public Employment |
| By Anna Dos Reis; PUC-Rio Eduardo Zilberman; PUC-Rio |
| Presented by: Eduardo Zilberman, PUC-Rio |
| 3. Are Government Spending Multipliers State Dependent? Evidence from U.S. and Canadian Historical Data |
| By Michael Owyang; Federal Reserve Bank of St Louis Valerie Ramey; University of California, San Diego Sarah Zubairy; Bank of Canada |
| Presented by: Valerie Ramey, University of California, San Diego |
| 4. Deficits, Gifts, and Bequests |
| By Daniel Barczyk; McGill University |
| Presented by: Daniel Barczyk, McGill University |
| Session 82: Inequality and Intergenerational Mobility June 29, 2013 9:45 to 11:45 |
| 1. Accounting for the Trends in Inequality and Intergenerational Mobility in the U.S. |
| By Marina Mendes Tavares; ITAM Carlos Urrutia; Instituto Tecnológico Autónomo de México |
| Presented by: Marina Mendes Tavares, ITAM |
| 2. The inheritance of Advantage |
| By jose rodriguez mora; university of edinburgh |
| Presented by: jose rodriguez mora, university of edinburgh |
| 3. Public Education Financing Systems, Earnings Inequality, and Intergenerational Mobility |
| By Christopher Herrington; Arizona State University |
| Presented by: Christopher Herrington, Arizona State University |
| 4. It's Not Me, It's You: Social Skills and Human Capital in the Labor and Marriage Markets |
| By Gueorgui Kambourov; University of Toronto Aloysius Siow; University of Toronto Laura Turner; University of Toronto |
| Presented by: Laura Turner, University of Toronto |
| Session 83: Longevity, Fertility, and Health June 29, 2013 9:45 to 11:45 |
| 1. The Longevity of Famous People from Hammurabi to Einstein |
| By David de la Croix; Univ cath Louvain Omar Licandro; IAE-CSIC and Barcelona GSE |
| Presented by: David de la Croix, Univ cath Louvain |
| 2. Does longevity improvement always raise the length of schooling through the longer-horizon mechanism? |
| By Sau-Him Lau; University of Hong Kong |
| Presented by: Sau-Him Lau, University of Hong Kong |
| 3. Female Employment and Fertility: The Effects of Rising Female Wages |
| By Christian Siegel; University of Exeter |
| Presented by: Christian Siegel, University of Exeter |
| 4. Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform |
| By Svetlana Pashchenko; Uppsala University Ponpoje (Poe) Porapakkarm; University of Macau |
| Presented by: Svetlana Pashchenko, Uppsala University |
| Session 84: Household Insurance and Credit June 29, 2013 9:45 to 11:45 |
| 1. Does the Social Safety Net Improve Welfare?: A Dynamic General Equilibrium Analysis |
| By Kai Zhao; University of Connecticut |
| Presented by: Kai Zhao, University of Connecticut |
| 2. Health Insurance over the Life Cycle with Adverse Selection |
| By Martin Dumav; Institut für Mathematische Wirtschaftsforschung |
| Presented by: Martin Dumav, Institut für Mathematische Wirtschaftsforschung |
| 3. Tax Avoidance, Welfare Transfers, and Asset Prices |
| By Denis Gorea; Goethe University Frankfurt |
| Presented by: Denis Gorea, Goethe University Frankfurt |
| 4. A Quantitative Theory of Credit Scoring |
| By Kartik Athreya; Federal Reserve Bank of Richmond Xuan Tam; Cambridge University Eric Young; University of Virginia |
| Presented by: Kartik Athreya, Federal Reserve Bank of Richmond |
| Session 85: Sovereign Debt June 29, 2013 13:00 to 15:00 |
| 1. Secondary markets in turbulent times |
| By Alberto Martin; CREI and Universitat Pompeu Fabra |
| Presented by: Alberto Martin, CREI and Universitat Pompeu Fabra |
| 2. Optimal Domestic Sovereign Default |
| By Enrique Mendoza; University of Pennsylvania |
| Presented by: Enrique Mendoza, University of Pennsylvania |
| 3. Evaluating the Welfare Effects of International Bankruptcy Regimes in a Political Economy Model |
| By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia Burcu Eyigungor; Federal Reserve Bank of Phildelphia |
| Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia |
| 4. Sovereign Risk and Financial Risk |
| By Simon Gilchrist; Boston University Vivian Yue; Federal Reserve Board of Governors Egon Zakrajsek; Federal Reserve Board |
| Presented by: Vivian Yue, Federal Reserve Board of Governors |
| Session 86: Search in the Housing Market June 29, 2013 13:00 to 15:00 |
| 1. Housing and Liquidity |
| By Chao He; Renmin University of China Randall Wright; University of Wisconsin Yu Zhu; University of Wisconsin - Madison |
| Presented by: Chao He, Renmin University of China |
| 2. Directed Search in the Housing Market |
| By James Albrecht; Georgetown University Pieter Gautier; VU University Amsterdam Susan Vroman; Georgetown University |
| Presented by: Susan Vroman, Georgetown University |
| 3. Trading Places |
| By Monika Piazzesi; Stanford University |
| Presented by: Monika Piazzesi, Stanford University |
| 4. Learning from Search in the Housing Market |
| By Leena Rudanko; Boston University Irina Telyukova; UC San Diego |
| Presented by: Leena Rudanko, Boston University |
| Session 87: Family, Demography, and the Macroeconomy June 29, 2013 13:00 to 15:00 |
| 1. Jobless Recoveries and Gender Biased Technological Change |
| By Stefania Albanesi; Federal Reserve Bank of New York Aysegul Sahin; Federal Reserve Bank of New York |
| Presented by: Stefania Albanesi, Federal Reserve Bank of New York |
| 2. The Fading Dynamism of the US Labor Market: The Role of Demographics |
| By Isabel Cairo; Universitat Pompeu Fabra Tomaz Cajner; Federal Reserve Board |
| Presented by: Tomaz Cajner, Federal Reserve Board |
| 3. Female Migration, Human Capital and Fertility |
| By Vincenzo Caponi; Ryerson University |
| Presented by: Vincenzo Caponi, Ryerson University |
| 4. An Equilibrium Model of the African HIV/AIDS Epidemic |
| By Jeremy Greenwood; University of Pennsylvania Philipp Kircher; LSE and University of Edinburgh Cezar Santos; University of Mannheim Michele Tertilt; University of Mannheim |
| Presented by: Cezar Santos, University of Mannheim |
| Session 88: The Service Sector Across Time and Countries June 29, 2013 13:00 to 15:00 |
| 1. Home Work and Market Work in the US and Continental Europe |
| By Georg Duernecker; University of Mannheim Berthold Herrendorf; Arizona State University |
| Presented by: Georg Duernecker, University of Mannheim |
| 2. Quantifying the Growth in Services: the Role of Skills, Scale, and Female Labor Supply |
| By Francisco Buera; University of California at Los Angeles Joseph Kaboski; University of Notre Dame Min Qiang (Kent) Zhao; Xiamen University |
| Presented by: Min Qiang (Kent) Zhao, Xiamen University |
| 3. The Service Sector and Female Market Work: Europe vs the US |
| By Michelle Rendall; University of Zurich |
| Presented by: Michelle Rendall, University of Zurich |
| 4. Services, Skill and Labor Supply: A Cross-Country Perspective |
| By Francisco Buera; University of California at Los Angeles Joseph Kaboski; University of Notre Dame Richard Rogerson; Princeton University |
| Presented by: Joseph Kaboski, University of Notre Dame |
| Session 89: Tax Distortions and Political Economy June 29, 2013 13:00 to 15:00 |
| 1. Will A Decline in The Corporate Income Tax Rate Generate Jobs? |
| By Daphne Chen; Florida State University Shi Qi; Florida State University Don Schlagenhauf; Florida State University |
| Presented by: Daphne Chen, Florida State University |
| 2. Fiscal policy coordination in monetary unions |
| By Josef Schroth; Bank of Canada |
| Presented by: Josef Schroth, Bank of Canada |
| 3. Sand in the Wheels of Capitalism, On the Political Economy of Capital Market Frictions |
| By Mario Bersem; Copenhagen Business School Enrico Perotti; U Amsterdam and CEPR Ernst-Ludwig von Thadden; Universität Mannheim |
| Presented by: Mario Bersem, Copenhagen Business School |
| 4. Political Turnover, Dynamic Separation of Power and Efficiency |
| By Facundo Piguillem; Einaudi Institute for Economics and Fina Alessandro Riboni; University of Montreal |
| Presented by: Facundo Piguillem, Einaudi Institute for Economics and Fina |
| Session 90: Information Frictions: Theory and Evidence June 29, 2013 13:00 to 15:00 |
| 1. Marginal Tax Rates and Reported Incomes: New Time Series Evidence |
| By Karel Mertens; Cornell University |
| Presented by: Karel Mertens, Cornell University |
| 2. Attention Discrimination: Theory and Field Experiments |
| By Filip Matejka; CERGE-EI |
| Presented by: Filip Matejka, CERGE-EI |
| 3. Public Information in Populations with Heterogenous Interests |
| By Kristoffer Nimark; Universitat Pompeu Fabra |
| Presented by: Kristoffer Nimark, Universitat Pompeu Fabra |
| 4. Information Processing and Limited Liability |
| By Bartosz Mackowiak; European Central Bank Mirko Wiederholt; Goethe University Frankfurt |
| Presented by: Mirko Wiederholt, Goethe University Frankfurt |
| Session 91: Global Production June 29, 2013 13:00 to 15:00 |
| 1. The Perfect Match: Assortative Matching in International Acquisitions |
| By Maria Guadalupe; INSEAD Veronica Rappoport; London School of Economics Bernard Salanie; Columbia University Catherine Thomas; London School of Economics |
| Presented by: Veronica Rappoport, London School of Economics |
| 2. Global Production with Export Platforms |
| By Felix Tintelnot; The Pennsylvania State University |
| Presented by: Felix Tintelnot, The Pennsylvania State University |
| 3. Global Welfare Impact of China: Trade Integration and Technology Change |
| By Jing Zhang; University of Michigan |
| Presented by: Jing Zhang, University of Michigan |
| 4. Measuring Horizontal and Vertical Foreign Direct Investment |
| By Natalia Ramondo; Arizona State University Veronica Rappoport; London School of Economics Kim Ruhl; New York University Stern School of Busi |
| Presented by: Kim Ruhl, New York University Stern School of Business |
| Session 92: Barriers to Reallocation June 29, 2013 13:00 to 15:00 |
| 1. Delayed Capital Reallocation |
| By Wei Cui; Princeton University |
| Presented by: Wei Cui, Princeton University |
| 2. On the Measure of Distortions |
| By Hugo A. Hopenhayn; UCLA |
| Presented by: Hugo A. Hopenhayn, UCLA |
| 3. The Market for Used Capital: Endogenous Irreversibility and Reallocation over the Business Cycle |
| By Andrea Lanteri; London School of Economics |
| Presented by: Andrea Lanteri, London School of Economics |
| Session 93: Monetary Policy and Welfare June 29, 2013 13:00 to 15:00 |
| 1. Optimal Monetary Policy in an Open Economy under Asset Market Segmentation |
| By Rajesh Singh; Iowa State University |
| Presented by: Rajesh Singh, Iowa State University |
| 2. Demand for Liquidity and Welfare Cost of Inflation by Cohort and Age of Households |
| By Shutao Cao; Bank of Canada Césaire Meh; Bank of Canada Jose-Victor Rios-Rull; University of Minnesota Yaz Terajima; Bank of Canada |
| Presented by: Yaz Terajima, Bank of Canada |
| 3. Search-Based Endogenous Illiquidity, Business Cycles and Monetary Policy |
| By Wei Cui; Princeton University Soeren Radde; German Institute for Economic Research |
| Presented by: Soeren Radde, German Institute for Economic Research |
| 4. Monetary Policy in Private Money Economies |
| By David Andolfatto; Federal Reserve Bank of St. Louis Aleksander Berentsen; University of Basel Christopher Waller; University of Notre Dame |
| Presented by: Christopher Waller, University of Notre Dame |
| Session 94: Labor and Finance June 29, 2013 13:00 to 15:00 |
| 1. On the Composition Effects on the Labor Market Outcomes |
| By Javier Fernandez-Blanco; University Carlos III of Madrid Pedro Gomes; Universidad Carlos III |
| Presented by: Javier Fernandez-Blanco, University Carlos III of Madrid |
| 2. Unemployment Risk and the Distribution of Assets |
| By Jan Eeckhout; University College London and GSE-UPF |
| Presented by: Jan Eeckhout, University College London and GSE-UPF |
| 3. Labor and Finance: Mortensen and Pissarides meet Holmstrom and Tirole |
| By Pietro Garibaldi |
| Presented by: Pietro Garibaldi, |
| 4. Can Employer Credit Checks Create Poverty Traps? |
| By Daphne Chen; Florida State University Dean Corbae; University of Wisconsin Andrew Glover; University of Texas at Austin |
| Presented by: Andrew Glover, University of Texas at Austin |
| Session 95: Output, Inflation, and International Macroeconomic Dynamics
June 29, 2013 13:00 to 15:00 |
| 1. The Inflation Output Trade-Off Revisited |
| By Gauti Eggertsson; Brown University Marc Giannoni; Federal Reserve Bank of New York |
| Presented by: Marc Giannoni, Federal Reserve Bank of New York |
| 2. Okun’s Macroscope: Changes in the Cyclical Behavior of Productivity and the Comovement between Output and Unemployment |
| By Mary Daly; Federal Reserve Bank John Fernald; Federal Reserve Bank of San Francisco Oscar Jorda; Federal Reserve Bank of San Francisco Fernanda Nechio; Federal Reserve Bank of San Francisco |
| Presented by: John Fernald, Federal Reserve Bank of San Francisco |
| 3. Labor Market Polarization and International Macroeconomic Dynamics |
| By Federico Mandelman; Federal Reserve Bank of Atlanta |
| Presented by: Federico Mandelman, Federal Reserve Bank of Atlanta |
| 4. Investment-Specific Technology Shocks and Recursive Preferences |
| By Hakon Tretvoll; BI Norwegian Business School |
| Presented by: Hakon Tretvoll, BI Norwegian Business School |
| Session 96: Global and Repeated Games June 29, 2013 13:00 to 15:00 |
| 1. Limits to Reputations |
| By Nuh Dalkiran; Bilkent University Mehmet Ekmekci; Northwestern University |
| Presented by: Nuh Aygun Dalkiran, Bilkent University |
| 2. Strongly Symmetric Equilibria in Bandit Games |
| By Johannes Horner; Yale University Nicolas Klein; University of Montreal Sven Rady; University of Bonn |
| Presented by: Nicolas Klein, University of Montreal |
| 3. Avoidance and Mitigation of Public Harm |
| By Ruilin Zhou; Pennsylvania State University Bruno Salcedo; PSU Bruno Sultanum; Penn State University |
| Presented by: Bruno Sultanum, The Pennsylvania State University |
| 4. The Power of Whispers: A Theory of Rumor, Communication and Revolution |
| By Heng Chen; University of Hong Kong Yang Lu; Hong Kong University of Science and Technology Wing Suen; The University of Hong Kong |
| Presented by: Heng Chen, University of Hong Kong |
| Session 97: Parameter instability in DSGE models June 29, 2013 15:30 to 17:30 |
| 1. How credible is the Federal Reserve?:A structural estimation of policy re-optimizations |
| By Davide Debortoli; University of California, San Diego Aeimit Lakdawala; Michigan State University |
| Presented by: Aeimit Lakdawala, Michigan State University |
| 2. Monetary Policy Regime Switches and Macroeconomic Dynamics |
| By Andrew Foerster; Federal Reserve Bank of Kansas City |
| Presented by: Andrew Foerster, Federal Reserve Bank of Kansas City |
| 3. Inflation Dynamics: The Role of Public Debt and Policy Regimes |
| By Saroj Bhattarai; Pennsylvania State University Jae Won Lee; Rutgers University Woong Yong Park; University of Hong Kong |
| Presented by: Woong Yong Park, University of Hong Kong |
| 4. State-Dependent Probability Distributions in Non Linear Rational Expectations Models |
| By Jean Barthelemy; Banque de France Magali Marx; Banque de France |
| Presented by: Jean Barthelemy, Banque de France |
| Session 98: Financial Frictions and Field Experiments in General Equilibrium June 29, 2013 15:30 to 17:30 |
| 1. Structural Experimentation to Distinguish between Models of Risk Sharing with Frictions |
| By Ethan Ligon; University of California, Berkeley Laura Schechter; UW Madison |
| Presented by: Ethan Ligon, University of California, Berkeley |
| 2. Understanding Peer Effects in Financial Decisions: Evidence from a Field Experiment |
| By Leonardo Bursztyn; UCLA Florian Ederer; UCLA Bruno Ferman; The George Washington University Noam Yuchtman; UC Berkeley |
| Presented by: Florian Ederer, UCLA |
| 3. How Does Risk Management Influence Production Decisions? Evidence From a Field Experiment |
| By Shawn Cole; Harvard Business School Xavier Gine; World Bank James Vickery; Federal Reserve Bank of New York |
| Presented by: James Vickery, Federal Reserve Bank of New York |
| 4. Welfare Losses from Financial Frictions: The Role of Fixed Costs |
| By Ahrang Lee; The Bank of Korea |
| Presented by: Ahrang Lee, The Bank of Korea |
| Session 99: International Macro-Finance June 29, 2013 15:30 to 17:30 |
| 1. The U.S. Dollar Safety Premium |
| By Matteo Maggiori; NYU |
| Presented by: Matteo Maggiori, NYU |
| 2. Inflation Risk and Sovereign Spreads |
| By Sewon Hur; University of Pittsburgh Illenin Kondo; Federal Reserve Board Fabrizio Perri; University of Minnesota |
| Presented by: Sewon Hur, University of Pittsburgh |
| 3. BKK the EZ way. An International Production Economy with Recursive Preferences. |
| By Riccardo Colacito; University of North Carolina, Chapel Hil Mariano Croce; University of North Carolina at Chapel H Steven Ho; UNC Chapel Hill Philip Howard; UNC Chapel Hill |
| Presented by: Riccardo Colacito, University of North Carolina, Chapel Hil |
| Session 100: Monetary Policy and the Zero Bound on Interest Rates June 29, 2013 15:30 to 17:30 |
| 1. Structural Reforms in a Monetary Union: The Role of the ZLB |
| By Gauti Eggertsson; Brown University Andrea Ferrero; Federal Reserve Bank of New York Andrea Raffo; Board of Governors of the Federal Reserv |
| Presented by: Andrea Raffo, Board of Governors of the Federal Reserv |
| 2. The Shadow Rate, Taylor Rules, and Monetary Policy Lift-off |
| By Michael Bauer; Federal Reserve Bank of San Francisco Glenn Rudebusch; Federal Reserve Bank of San Francisco |
| Presented by: Michael Bauer, Federal Reserve Bank of San Francisco |
| 3. Credit Spreads and the Zero Bound on Interest Rates |
| By Isabel Correia; Banco de Portugal Fiorella De Fiore; European Central Bank Pedro Teles; Banco de Portugal, Universidade Catolica Oreste Tristani; ECB |
| Presented by: Fiorella De Fiore, European Central Bank |
| 4. Uncertainty at the Zero Lower Bound |
| By Taisuke Nakata; Federal Reserve Board |
| Presented by: Taisuke Nakata, Federal Reserve Board |
| Session 101: Risk and Portfolio Choice June 29, 2013 15:30 to 17:30 |
| 1. Life Cycle Uncertainty and Portfolio Choice Puzzles |
| By Marios Karabarbounis; Federal Reserve Bank of Richmond Yongsung Chang; University of Rochester / Yonsei Univ. Jay Hong; University of Rochester |
| Presented by: Marios Karabarbounis, Federal Reserve Bank of Richmond |
| 2. Limited Stock Market Participation Among Renters and Home Owners |
| By Roine Vestman; Stockholm University and SIFR |
| Presented by: Roine Vestman, Stockholm University and SIFR |
| 3. Market Preferences for Risk Distributions: Evidence from Lottery Loans |
| By Francois Velde; Federal Reserve Bank of Chicago |
| Presented by: Francois Velde, Federal Reserve Bank of Chicago |
| 4. Liquidity and Welfare |
| By Yi Wen; Federal Reserve Bank of St. Louis |
| Presented by: Yi Wen, Federal Reserve Bank of St. Louis |
| Session 102: Unemployment, Product Markets and Search June 29, 2013 15:30 to 17:30 |
| 1. A Theory of Targeted Search |
| By Anton Cheremukhin; Federal Reserve Bank of Dallas Paulina Restrepo-Echavarria; The Ohio State University Antonella Tutino; Federal Reserve Bank of Dallas |
| Presented by: Paulina Restrepo-Echavarria, The Ohio State University |
| 2. Wage dynamics in long-term contracts |
| By Moritz Kuhn; University of Bonn Philip Jung; Bonn University |
| Presented by: Moritz Kuhn, University of Bonn |
| 3. Viewing Job-Seekers' Reservation Wages and Acceptance Decisions through the Lens of Search Theory |
| By Robert Hall; STANFORD UNIVERSITY Andreas Mueller; Columbia University |
| Presented by: Andreas Mueller, Columbia University |
| 4. Five Facts About Price Dispersion |
| By Greg Kaplan; Princeton University Guido Menzio; University of Pennsylvania |
| Presented by: Greg Kaplan, Princeton University |
| Session 103: Uncertainty, Expectations and Business Cycles June 29, 2013 15:30 to 17:30 |
| 1. Understanding Uncertainty Shocks |
| By Anna Orlik; Federal Reserve Board of Governors Laura Veldkamp; NYU Stern |
| Presented by: Anna Orlik, Federal Reserve Board of Governors |
| 2. Firms' Optimism and Pessimism |
| By Ruediger Bachmann; RWTH Aachen University Steffen Elstner; Ifo Institute for Economic Research |
| Presented by: Ruediger Bachmann, RWTH Aachen University |
| 3. Robust Animal Spirits |
| By Rhys Bidder; Federal Reserve Bank of San Francisco Matthew Smith; Federal Reserve Board of Governors |
| Presented by: Rhys Bidder, Federal Reserve Bank of San Francisco |
| 4. Uncertainty Traps |
| By Pablo Fajgelbaum; UCLA Edouard Schaal; New York University Mathieu Taschereau-Dumouchel; University of Pennsylvania - Wharton School |
| Presented by: Edouard Schaal, New York University |
| Session 104: Trade and Development June 29, 2013 15:30 to 17:30 |
| 1. Internal Geography, International Trade, and Regional Outcomes |
| By A. Kerem Cosar; University of Chicago Pablo Fajgelbaum; UCLA |
| Presented by: A. Kerem Cosar, University of Chicago |
| 2. Competition, Markups, and the Gains from International Trade |
| By Daniel Yi Xu; Duke University |
| Presented by: Daniel Yi Xu, Duke University |
| 3. International Trade and Inequality with Multiple Types of Labor and Capital |
| By Ariel Burstein; UCLA |
| Presented by: Ariel Burstein, UCLA |
| 4. Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China |
| By Chang-Tai Hsieh; University of Chicago Zheng Song; Booth School of Business |
| Presented by: Zheng Song, Booth School of Business |
| Session 105: Sovereign Default, Savings and Capital Flows June 29, 2013 15:30 to 17:30 |
| 1. Explaining World Savings |
| By Colin Caines; University of British Columbia Amartya Lahiri; University of British Columbia |
| Presented by: Amartya Lahiri, University of British Columbia |
| 2. The Size of the Precautionary Component of Household Saving: China and the U.S. |
| By Horag Choi; Monash University Steven Lugauer; University of Notre Dame Nelson Mark; University of Notre Dame |
| Presented by: Nelson Mark, University of Notre Dame |
| 3. Credibility For Sale |
| By Harris Dellas; University of Bern Dirk Niepelt; Gerzensee; U Bern; IIES, Stockholm U |
| Presented by: Dirk Niepelt, Gerzensee; U Bern; IIES, Stockholm U |
| 4. Migration And The Welfare State: Political-Economy Perspective On Tax Competition |
| By Assaf Razin; Department of Economics |
| Presented by: Assaf Razin, Department of Economics |
| Session 106: Human Capital and Technical Change June 29, 2013 15:30 to 17:30 |
| 1. Age Earnings Profiles and TFP Differences: Financial Institutions in a Vintage Human Capital Model |
| By Yong Kim; Yonsei University |
| Presented by: Yong Kim, Yonsei University |
| 2. The Composition of Knowledge and Economic Growth In A Path-Dependent World |
| By Jie Cai; University of New South Wales Nan Li; International Monetary Fund |
| Presented by: Nan Li, International Monetary Fund |
| 3. Occupational Choice, Human Capital, and Financing Constraints |
| By Rui Castro; University of Montreal Pavel Sevcik; Ecole des Sciences de Gestion, Universite du Quebec a Montreal (ESG UQAM) |
| Presented by: Pavel Sevcik, Ecole des Sciences de Gestion, Universite du Quebec a Montreal (ESG UQAM) |
| 4. N |