Midwest Macroeconomics Meetings |
|---|
Summary of All Sessions |
| # | Date/Time | Location | Title | Papers |
|---|---|---|---|---|
| 1 | 20 May 10:30-17:45 | W101 Andersen Galleria | REGISTRATION | 0 |
| 2 | 20 May 13:30-15:00 | C125 | TFP and Economic Development | 3 |
| 3 | 20 May 13:30-15:00 | C107 | Search and Employment | 3 |
| 4 | 20 May 13:30-15:00 | W307 | Banking and Payments | 3 |
| 5 | 20 May 13:30-14:30 | W207 | Money and Credit | 2 |
| 6 | 20 May 13:30-14:30 | W401 | Dynamic Contracts | 2 |
| 7 | 20 May 15:30-17:30 | C125 | Economic Development and Transition | 4 |
| 8 | 20 May 15:30-17:30 | W307 | Monetary Theory | 4 |
| 9 | 20 May 15:30-17:30 | W401 | Sovereign Debt | 4 |
| 10 | 20 May 15:30-17:00 | W207 | Open Economy Macroeconomics | 3 |
| 11 | 20 May 15:30-17:30 | C107 | Game Theory | 4 |
| 12 | 21 May 8:00-12:00 | W101 Andersen Galleria | REGISTRATION | 0 |
| 13 | 21 May 8:30-10:00 | C125 | Labor Facts | 3 |
| 14 | 21 May 8:30-10:00 | W401 | Equity Premium | 3 |
| 15 | 21 May 8:30-10:00 | C107 | Monetary Policy Rules | 3 |
| 16 | 21 May 8:30-10:00 | W307 | Fiscal Policy and Economic Development | 3 |
| 17 | 21 May 8:30-10:00 | W207 | Search and Matching Models | 3 |
| 18 | 21 May 10:30-12:00 | C107 | Job Dynamics | 3 |
| 19 | 21 May 10:30-11:30 | W307 | Human Capital and Economic Development | 2 |
| 20 | 21 May 10:30-12:00 | W207 | International Saving and Investment | 3 |
| 21 | 21 May 10:30-12:00 | C121 | Monetary Policy | 3 |
| 22 | 21 May 10:30-12:00 | W401 | Patents and Copyrights | 3 |
| 23 | 21 May 10:30-12:00 | C125 | Dynamic Fiscal Policy | 3 |
| 24 | 21 May 13:30-15:00 | C121 | Economic Geography and Urban Economics | 3 |
| 25 | 21 May 13:30-15:00 | C107 | Evidence on Preferences and Risk Sharing | 3 |
| 26 | 21 May 13:30-15:00 | W207 | Currency in Open Economies | 3 |
| 27 | 21 May 13:30-15:00 | W401 | International Income Differences | 3 |
| 28 | 21 May 13:30-15:00 | C125 | Social Policy | 3 |
| 29 | 21 May 13:30-15:00 | W307 | Information and Macroeconomics | 3 |
| 30 | 21 May 15:30-17:00 | C107 | Technological Change and Female Labor | 3 |
| 31 | 21 May 15:30-17:00 | C125 | Life Cycle Behavior | 3 |
| 32 | 21 May 15:30-17:00 | W207 | Wealth Inequality and Entrepreneurship | 3 |
| 33 | 21 May 15:30-17:00 | C121 | Banking | 3 |
| 34 | 21 May 15:30-16:30 | W307 | Investment Dynamics | 2 |
| 35 | 21 May 15:30-17:00 | W401 | Taxation and Redistribution | 3 |
| 36 | 21 May 17:15-18:15 | W10 | Plenary Session | 1 |
| 37 | 21 May 18:15-22:00 | River Room, IMU | CONFERENCE DINNER | 0 |
| 38 | 22 May 8:30-10:00 | W207 | Sticky Prices and Wages | 3 |
| 39 | 22 May 8:30-9:30 | W307 | Money and Inflation | 2 |
| 40 | 22 May 8:30-9:30 | W401 | Trends, Cycles, and Breaks | 2 |
| 41 | 22 May 8:30-10:00 | C125 | Trade, Factor Flows and Cycles | 3 |
| 42 | 22 May 10:30-12:00 | W207 | Organization of Production | 3 |
| 43 | 22 May 10:30-11:30 | W307 | Fertility and Economic Development | 2 |
| 44 | 22 May 10:30-11:30 | W401 | Business Cycles | 2 |
44 sessions, 117 papers |
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Midwest Macroeconomics Meetings |
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Complete List of All Sessions |
Session 1: REGISTRATION |
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| Date: May 20, 2005 |
| Time: 10:30 - 17:45 |
| Location: W101 Andersen Galleria |
Session 2: TFP and Economic Development |
|---|
| Session Chair: Fernando Leiva Bertran, University of Iowa |
| Date: May 20, 2005 |
| Time: 13:30 - 15:00 |
| Location: C125 |
| Dual Economies and International TFP Differences |
| By Areendam Chanda and Carl-Johan Dalgaard |
| Presented by: Areendam Chanda, Louisiana State University |
| Development Accounting with Endogenous TFP |
| By Juan-Carlos Cordoba and Marla Ripoll |
| Presented by: Juan Cordoba, Rice University |
| Optimal Technology and Development |
| By Hernan J. Moscoso Boedo |
| Presented by: Hernan Moscoso Boedo, University of Wisconsin - Madison |
Session 3: Search and Employment |
|---|
| Session Chair: Kenneth Beauchemin, University at Albany, SUNY |
| Date: May 20, 2005 |
| Time: 13:30 - 15:00 |
| Location: C107 |
| Labor Turnover Costs and the Behavior of Vacancies and Unemployment |
| By Jose I. Silva, Manuel Toledo |
| Presented by: Manuel Toledo, University of Rochester |
| Patterns of Specialization |
| By Toshihiko Mukoyama and Aysegul Sahin |
| Presented by: Toshihiko Mukoyama, Concordia University and CIREQ |
| On the cyclicality of labor market mismatch and aggregate employment flows |
| By Kenneth Beauchemin, Murat Tasci |
| Presented by: Murat Tasci, University of Texas at Austin |
Session 4: Banking and Payments |
|---|
| Session Chair: Todd Keister, ITAM |
| Date: May 20, 2005 |
| Time: 13:30 - 15:00 |
| Location: W307 |
| Barriers to network-specific innovation |
| By Antoine Martin and Michael J. Orlando |
| Presented by: Michael Orlando, Federal Reserve Bank of Kansas City |
| Bank Governance, Financial Systems, and Investment |
| By Antonio Falato |
| Presented by: Antonio Falato, HEC Montréal |
| Policy in International Payment Systems with a Timing Friction |
| By James T. E. Chapman |
| Presented by: James Chapman, University of Iowa |
Session 5: Money and Credit |
|---|
| Session Chair: Gabriele Camera, Purdue University |
| Date: May 20, 2005 |
| Time: 13:30 - 14:30 |
| Location: W207 |
| Aggregate Uncertainty, Money and Banking |
| By Hongfei Sun |
| Presented by: Hongfei Sun, University of Toronto |
| Mismatch in Credit Markets |
| By Zsolt Becsi, Victor Li, Ping Wang |
| Presented by: Ping Wang, Vanderbilt University |
Session 6: Dynamic Contracts |
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| Session Chair: Christopher Sleet, University of Iowa |
| Date: May 20, 2005 |
| Time: 13:30 - 14:30 |
| Location: W401 |
| Enclosure |
| By Bart Taub and Rui Zhao |
| Presented by: Rui Zhao, University of Illinois Urbana-Champaign |
| Aggregate Risk Sharing in a Contingent Claims Model with Limited Communication and Delivery |
| By Pamela Labadie |
| Presented by: Pamela Labadie, George Washington University |
Session 7: Economic Development and Transition |
|---|
| Session Chair: Amartya Lahiri, Federal Reserve Bank of New York |
| Date: May 20, 2005 |
| Time: 15:30 - 17:30 |
| Location: C125 |
| Home Production and Hours: The Long Run |
| By Guillaume Vandenbroucke |
| Presented by: Guillaume Vandenbroucke, University of Southern California |
| How Important are Human Capital, Physical Capital and Total Factor Productivity for Determining Economic Growth in the United States, 1840 - 2000 |
| By Scott Baier, Sean Mulholland, Robert Tamura, and Chad Turner |
| Presented by: Chad Turner, Xavier University |
| A Theory of Modern Transition Applied to Thailand |
| By Hyeok Jeong and Yong Kim |
| Presented by: Yong Kim, University Southern California |
| Endogenous Growth and the Emergence of Equity Finance |
| By Niloy Bose |
| Presented by: Niloy Bose, University of Wisconsin-Milwaukee |
Session 8: Monetary Theory |
|---|
| Session Chair: Christopher Sleet, University of Iowa |
| Date: May 20, 2005 |
| Time: 15:30 - 17:30 |
| Location: W307 |
| Money and Capital |
| By S. Boragan Aruoba, Christopher J. Waller, Randall Wright |
| Presented by: S. Boragan Aruoba, University of Maryland |
| Precautionary Balances and the Velocity of Circulation of Money |
| By Miquel Faig and Belen Jerez |
| Presented by: Miquel Faig, University of Toronto |
| Efficient Monetary Allocations and the Illiquidity of Bonds |
| By Paola Boel and Gabriele Camera |
| Presented by: Paola Boel, Purdue University |
| Banking and Liquidity |
| By brian peterson |
| Presented by: Brian Peterson, Indiana University |
Session 9: Sovereign Debt |
|---|
| Session Chair: Galina Vereshchagina, University of Iowa |
| Date: May 20, 2005 |
| Time: 15:30 - 17:30 |
| Location: W401 |
| Sovereign default, terms of trade and interest rates in emerging market economies |
| By Horacio Sapriza, Gabriel Cuadra |
| Presented by: Jose Cuadra, University of Rochester |
| Risk Averse International Investors, Wealth Effects and Sovereign Risk |
| By Sandra Valentina Lizarazo |
| Presented by: Sandra Lizarazo, Duke University |
| Competition for Default |
| By Natalia Kovrijnykh, Balázs Szentes |
| Presented by: Natalia Kovrijnykh, University of Chicago |
| Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff |
| By C. Bora Durdu, Enrique Mendoza |
| Presented by: C. Bora Durdu, University of Maryland |
Session 10: Open Economy Macroeconomics |
|---|
| Session Chair: Marina Azzimonti Renzo, University of Iowa |
| Date: May 20, 2005 |
| Time: 15:30 - 17:00 |
| Location: W207 |
| Limited Participation, Income Distribution and Capital Account Liberalization |
| By Eva de Francisco |
| Presented by: Eva de Francisco, CBO |
| Convergence in a Stochastic Dynamic Heckscher-Ohlin Model |
| By Partha Chatterjee and Malik Shukayev |
| Presented by: Malik Shukayev, University of Minnesota |
| Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains |
| By Reto Foellmi and Manuel Oechslin |
| Presented by: Reto Foellmi, MIT |
Session 11: Game Theory |
|---|
| Session Chair: Andrzej Skrzypacz, Stanford University |
| Date: May 20, 2005 |
| Time: 15:30 - 17:30 |
| Location: C107 |
| Repeated Signaling Games |
| By Ayca Kaya |
| Presented by: Ayca Kaya, Stanford Unıversity |
| Dynamic Courts |
| By Alessandro Riboni |
| Presented by: Alessandro Riboni, University of Montréal |
| A theory of political cycles |
| By Leonardo Martinez |
| Presented by: Leonardo Martinez, Federal Reserve Bank of Richmond |
| Impossibility of Collusion under Imperfect Monitoring with Flexible Production. |
| By Yuliy Sannikov and Andrzej Skrzypacz |
| Presented by: Andrzej Skrzypacz, Stanford University |
Session 12: REGISTRATION |
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| Date: May 21, 2005 |
| Time: 8:00 - 12:00 |
| Location: W101 Andersen Galleria |
Session 13: Labor Facts |
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| Session Chair: Claudia Olivetti, Boston University |
| Date: May 21, 2005 |
| Time: 8:30 - 10:00 |
| Location: C125 |
| The Decline of Manufacturing Employment in the United States |
| By Eric O'N. Fisher and Peter C. Rupert |
| Presented by: Eric Fisher, The Ohio State University |
| Growth and Labor Composition in the U.S. Manufacturing: The Role of Equipment Quality |
| By Jang-Ok Cho and Chun-Yu Ho |
| Presented by: Chun-Yu Ho, Boston University |
| Why Have Aggregate Skilled Hours Become So Cyclical Since the Mid-1980's? |
| By Rui Castro and Daniele Coen-Pirani |
| Presented by: Daniele Coen-Pirani, Carnegie Mellon University |
Session 14: Equity Premium |
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| Session Chair: Pamela Labadie, George Washington University |
| Date: May 21, 2005 |
| Time: 8:30 - 10:00 |
| Location: W401 |
| Housing, House Price, and the Equity Premium Revisited |
| By Morris Davis and Robert Martin |
| Presented by: Robert Martin, Federal Reserve Board |
| Market Incompleteness and the Equity Premium Puzzle: Evidence from State-Level Data |
| By Kris Jacobs and Stephane Pallage and Michel A. Robe |
| Presented by: Michel Robe, Kogod School of Business at American Uni |
| Information Quality and Equity Premium in Production Economies |
| By Hengjie Ai |
| Presented by: Hengjie Ai, University of Minnesota |
Session 15: Monetary Policy Rules |
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| Session Chair: Rajesh Singh, Iowa State University |
| Date: May 21, 2005 |
| Time: 8:30 - 10:00 |
| Location: C107 |
| On the equivalence of monetary policy rules |
| By Chong K. Yip and Ka Fai Li |
| Presented by: Chong Yip, Chinese University of Hong Kong |
| The Monetary Instrument Matters |
| By William T. Gavin, Benjamin D. Keen, Michael R. Pakko |
| Presented by: Michael Pakko, Federal Reserve Bank of St Louis |
| Optimal Choice of Monetary Instruments in an Economy with Real and Liquidity Shocks |
| By Joydeep Bhattacharya and Rajesh Singh |
| Presented by: Joydeep Bhattacharya, Iowa State University |
Session 16: Fiscal Policy and Economic Development |
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| Session Chair: Bart Taub, University of Illinois, Urbana-Champaign |
| Date: May 21, 2005 |
| Time: 8:30 - 10:00 |
| Location: W307 |
| Public education expenditures, taxation and growth |
| By Nicole Simpson, William Blankenau and Marc Tomljanovich |
| Presented by: Nicole Simpson, Colgate University |
| Democracy and Growth Volatility: Exploring the Links |
| By Partha Chatterjee and Malik Shukayev |
| Presented by: Partha Chatterjee, University of Minnesota |
| A Tale of Two States |
| By Amartya Lahiri, Kei-Mu Yi |
| Presented by: Amartya Lahiri, Federal Reserve Bank of New York |
Session 17: Search and Matching Models |
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| Session Chair: Ping Wang, Vanderbilt University |
| Date: May 21, 2005 |
| Time: 8:30 - 10:00 |
| Location: W207 |
| Price Dispersion with Directed Search |
| By Gabriele Camera and Cemil Selçuk |
| Presented by: Gabriele Camera, Purdue University |
| On the Segmentation of Markets |
| By Nicolas L. Jacquet and Serene Tan |
| Presented by: Nicolas Jacquet, University of Pennsylvania |
| Search and Matching with Wage Bargaining under Asymmetric Information |
| By Norikazu Tawara |
| Presented by: Norikazu Tawara, University of Chicago |
Session 18: Job Dynamics |
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| Session Chair: Robert Shimer, University of Chicago |
| Date: May 21, 2005 |
| Time: 10:30 - 12:00 |
| Location: C107 |
| Uncertainty and the Specificity of Human Capital |
| By Martin Gervais, Igor Livshits, Cesaire Meh |
| Presented by: Igor Livshits, University of Western Ontario |
| Directed Labor Search with Multiple Job Applications |
| By Manolis Galenianos and Philipp Kircher |
| Presented by: Manolis Galenianos, University of Pennsylvania |
| Career Dynamics Under Uncertainty: Estimating the Value of Firm Experimentation |
| By Elena Pastorino |
| Presented by: Elena Pastorino, University of Pennsylvania |
Session 19: Human Capital and Economic Development |
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| Session Chair: Steven Cassou, Kansas State University |
| Date: May 21, 2005 |
| Time: 10:30 - 11:30 |
| Location: W307 |
| Barriers to Capital Accumulation and the Incidence of Child Labor |
| By Richard C. Barnett and Marco Espinosa |
| Presented by: Richard Barnett, Villanova University |
| White Discrimination in Provision of Black Education: Plantations and Towns |
| By Robert Tamura & Neil Canaday |
| Presented by: Robert Tamura, Clemson University |
Session 20: International Saving and Investment |
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| Session Chair: Charles Whiteman, Unversity of Iowa |
| Date: May 21, 2005 |
| Time: 10:30 - 12:00 |
| Location: W207 |
| By force of demand: explaining international comovements and the saving-investment correlation puzzle |
| By Yi Wen |
| Presented by: Yi Wen, Cornell University |
| Can financial frictions account for the cross-section Feldstein-Horioka puzzle? |
| By Jing Zhang, Yan Bai |
| Presented by: Jing Zhang, University of Minnesota |
| Asymmetric information and the lack of international portfolio diversification |
| By Juan Carlos Hatchondo |
| Presented by: Juan Hatchondo, University of Rochester |
Session 21: Monetary Policy |
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| Session Chair: Brian Peterson, Indiana University |
| Date: May 21, 2005 |
| Time: 10:30 - 12:00 |
| Location: C121 |
| Optimal Inflation Persistence: Ramsey Taxation with Capital and Habits |
| By Sanjay K. Chugh |
| Presented by: Sanjay Chugh, Federal Reserve Board |
| Measuring the Welfare Costs of Inflation in a Life-cycle Model |
| By Paul Gomme |
| Presented by: Paul Gomme, Federal Reserve Bank of Cleveland |
| Monetary Policy and the Term Structure of Interest Rates |
| By Federico Ravenna and Juha Seppala |
| Presented by: Juha Seppala, University of Illinois |
Session 22: Patents and Copyrights |
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| Session Chair: Fernando Leiva Bertran, University of Iowa |
| Date: May 21, 2005 |
| Time: 10:30 - 12:00 |
| Location: W401 |
| The Market for Intellectual Property: Evidence from the Transfer of Patents |
| By Carlos J. Serrano |
| Presented by: Carlos Serrano, University of Minnesota |
| Copyrights, Price Discrimination and Hidden Trading: Lessons from a Ricardian Theory of Innovation |
| By V. V. Chari, Mike Golosov, Aleh Tsyvinski |
| Presented by: Mike Golosov, Massachusetts Institute of Technology |
| Are Patents Discouraging Innovation? |
| By Soma Dey |
| Presented by: Soma Dey, University of Minnesota |
Session 23: Dynamic Fiscal Policy |
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| Session Chair: Ayca Kaya, Stanford Unıversity |
| Date: May 21, 2005 |
| Time: 10:30 - 12:00 |
| Location: C125 |
| Optimal Taxation with Persistent Shocks: A First Order Approach |
| By Marek Kapicka |
| Presented by: Marek Kapicka, University of California Santa Barbara |
| Markets as Beneficial Constraints on the Government |
| By Alberto Bisin and Adriano Rampini |
| Presented by: Adriano Rampini, Northwestern University |
| POLITICAL INSTITUTIONS AND ECONOMIC GROWTH |
| By Laura Marsiliani and Thomas Renström |
| Presented by: Thomas Renstrom, University of Durham |
Session 24: Economic Geography and Urban Economics |
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| Session Chair: Matthew Mitchell, University of Iowa |
| Date: May 21, 2005 |
| Time: 13:30 - 15:00 |
| Location: C121 |
| Why Are Some Cities So Crowded? |
| By Jordan Rappaport |
| Presented by: Jordan Rappaport, Federal Reserve Bank of Kansas City |
| Suburbanization and the Automobile |
| By Karen Kopecky and Ming Hon Suen |
| Presented by: Ming Hon Suen, University of Rochester |
| Knowledge Exchange, Matching, and Agglomeration |
| By Marcus Berliant, Robert Reed, and Ping Wang |
| Presented by: Robert Reed, University of Kentucky |
Session 25: Evidence on Preferences and Risk Sharing |
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| Session Chair: James Feigenbaum, University of Pittsburgh |
| Date: May 21, 2005 |
| Time: 13:30 - 15:00 |
| Location: C107 |
| The Return to Wealth, Asset Pricing, and the Intertemporal Elasticity of Substitution |
| By Ravi Bansal, Thomas D. Tallarini, Jr., Amir Yaron |
| Presented by: Thomas Tallarini, Federal Reserve Board |
| Temptation and Self-Control: Evidence from Consumer Expenditure Survey |
| By Kevin X.D. Huang, Zheng Liu, Qi Zhu |
| Presented by: Qi Zhu, Emory University |
| Risk Sharing |
| By Martin Gervais, Paul Klein |
| Presented by: Martin Gervais, University of Western Ontario |
Session 26: Currency in Open Economies |
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| Session Chair: Richard Barnett, Villanova University |
| Date: May 21, 2005 |
| Time: 13:30 - 15:00 |
| Location: W207 |
| Expectations and Contagion in Self-Fulfilling Currency Attacks |
| By Todd Keister |
| Presented by: Todd Keister, ITAM |
| Optimal Monetary and Exchange Rate Policies in Crisis-Prone Small Open Economies |
| By Joydeep Bhattacharya and Rajesh Singh |
| Presented by: Rajesh Singh, Iowa State University |
| Fiscal and Monetary Rules for a Currency Union |
| By Andrea Ferrero |
| Presented by: Andrea Ferrero, New York University |
Session 27: International Income Differences |
|---|
| Session Chair: Nezih Guner, Pennsylvania State University |
| Date: May 21, 2005 |
| Time: 13:30 - 15:00 |
| Location: W401 |
| Legal Institutions, Sectoral Heterogeneity, and Economic Development |
| By Rui Castro - Gian Luca Clementi - Glenn MacDonald |
| Presented by: Gian Luca Clementi, |
| International Firms and the Income of Developing Countries |
| By Ariel Burstein and Alexander Monge-Naranjo |
| Presented by: Alexander Monge, Northwestern University |
| Macroeconomic Implications of Size-Dependent Policies |
| By Nezih Guner, Gustavo Ventura and Xu Yi |
| Presented by: Yi Xu, Penn State University |
Session 28: Social Policy |
|---|
| Session Chair: Robert Tamura, Clemson University |
| Date: May 21, 2005 |
| Time: 13:30 - 15:00 |
| Location: C125 |
| On the Welfare Effect of Cyclical Policies under Incomplete Markets and Labor Market Frictions |
| By Toshihiko Mukoyama and Aysegul Sahin |
| Presented by: Aysegul Sahin, Federal Reserve Bank of New York |
| The Student Loan Program and The Impact of Consolidation on Default Rates |
| By Felicia Ionescu |
| Presented by: Felicia Ionescu, University of Iowa |
| Does Social Security Privatization Produce Efficiency Gains? |
| By Shinichi Nishiyama and Kent Smetters |
| Presented by: Shinichi Nishiyama, Congressional Budget Office |
Session 29: Information and Macroeconomics |
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| Session Chair: Charles Whiteman, Unversity of Iowa |
| Date: May 21, 2005 |
| Time: 13:30 - 15:00 |
| Location: W307 |
| Price Revelation and Knowing the Forecasts of Others |
| By Todd B. Walker |
| Presented by: Todd Walker, University of Iowa |
| Consumption Dynamics, Asset Pricing, and Welfare Effects under Information Processing Constraints |
| By Yulei Luo |
| Presented by: Yulei Luo, Princeton University |
| Information Flows and Aggregate Persistence |
| By Oleksiy Kryvtsov |
| Presented by: Oleksiy Kryvtsov, Bank of Canada |
Session 30: Technological Change and Female Labor |
|---|
| Session Chair: George Neumann, University of Iowa |
| Date: May 21, 2005 |
| Time: 15:30 - 17:00 |
| Location: C107 |
| Home Production, Market Production and the Gender Wage Gap: Incentives and Expectations |
| By Stefania Albanesi, Claudia Olivetti |
| Presented by: Claudia Olivetti, Boston University |
| Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households |
| By Jeremy Greenwood and Nezih Guner |
| Presented by: Nezih Guner, Pennsylvania State University |
| Female Labour Force Particpation in an Era of Organizational and Technological Change |
| By Marina Adshade |
| Presented by: Marina Adshade, Dalhousie University |
Session 31: Life Cycle Behavior |
|---|
| Session Chair: Igor Livshits, University of Western Ontario |
| Date: May 21, 2005 |
| Time: 15:30 - 17:00 |
| Location: C125 |
| Housing, Portfolio Choice and the Macroeconomy |
| By Pedro Silos |
| Presented by: Pedro Silos, University of Iowa |
| Consumption along the Life Cycle: How Different is Housing |
| By Fang Yang |
| Presented by: Fang Yang, University of Minnesota |
| Can Mortality Risk Explain the Consumption Hump? |
| By James Feigenbaum |
| Presented by: James Feigenbaum, University of Pittsburgh |
Session 32: Wealth Inequality and Entrepreneurship |
|---|
| Session Chair: Galina Vereshchagina, University of Iowa |
| Date: May 21, 2005 |
| Time: 15:30 - 17:00 |
| Location: W207 |
| Increasing Returns to Savings and Wealth Inequality |
| By Claudio Campanale |
| Presented by: Claudio Campanale, University of Alicante |
| A Dynamic Model of Entrepreneurship with Borrowing Constraints: Theory and Evidence |
| By Francisco J. Buera |
| Presented by: Francisco BUERA, Northwestern University |
| Income Taxation with Uninsurable Endowment and Entrepreneurial Investment Risks |
| By Sagiri Kitao |
| Presented by: Sagiri Kitao, NYU |
Session 33: Banking |
|---|
| Session Chair: Gaetano Antinolfi, Washington University |
| Date: May 21, 2005 |
| Time: 15:30 - 17:00 |
| Location: C121 |
| Financial Deepening and Bank Runs |
| By Marie Hoerova |
| Presented by: Marie Hoerova, Cornell University |
| Markets, banks, and efficiency |
| By Falko Fecht, Antoine Martin |
| Presented by: Antoine Martin, Federal Reserve Bank of New York |
| Commitment, Banks and Markets |
| By Gaetano Antinolfi and Suraj Prasad |
| Presented by: Gaetano Antinolfi, Washington University |
Session 34: Investment Dynamics |
|---|
| Session Chair: Andrea Eisfeldt, Northwestern University |
| Date: May 21, 2005 |
| Time: 15:30 - 16:30 |
| Location: W307 |
| Learning by Investing: Embodied Technology and Business Cycles |
| By Geng Li |
| Presented by: Geng Li, University of Michigan, Ann Arbor |
| Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation |
| By Christopher L. House and Matthew D. Shapiro |
| Presented by: Christopher House, University of Michigan |
Session 35: Taxation and Redistribution |
|---|
| Session Chair: Marina Azzimonti Renzo, University of Iowa |
| Date: May 21, 2005 |
| Time: 15:30 - 17:00 |
| Location: W401 |
| A Positive Theory of Government Debt |
| By Fernando M. Martin |
| Presented by: Fernando Martin, University of Pennsylvania |
| Strategic Government Behavior and Convergence of Income Redistribution Policies |
| By Gabriel Cuadra and Horacio Sapriza |
| Presented by: Horacio Sapriza, private |
| Optimal fiscal policy and the (lack of) time consistency problem |
| By Marina Azzimonti, Pierre-Daniel Sarte, Jorge Soares |
| Presented by: Pierre-Daniel Sarte, public |
Session 36: Plenary Session |
|---|
| Session Chair: George Neumann, University of Iowa |
| Date: May 21, 2005 |
| Time: 17:15 - 18:15 |
| Location: W10 |
| The Cyclical Behavior of Labor Markets |
| By Robert Shimer |
| Presented by: Robert Shimer, University of Chicago |
Session 37: CONFERENCE DINNER |
|---|
| Session Chair: Charles Whiteman, Unversity of Iowa |
| Date: May 21, 2005 |
| Time: 18:15 - 22:00 |
| Location: River Room, IMU |
Session 38: Sticky Prices and Wages |
|---|
| Session Chair: Yi Wen, Cornell University |
| Date: May 22, 2005 |
| Time: 8:30 - 10:00 |
| Location: W207 |
| Capital and Macroeconomic Instability |
| By Kevin X. D. Huang, Qinglai Meng |
| Presented by: Qinglai Meng, The Chinese University of Hong Kong |
| Inside Money and the Great Depression |
| By Scott J. Dressler |
| Presented by: Scott Dressler, Villanova University |
| Another Look at Sticky Prices and Output Persistence |
| By Pengfei Wang ,Yi Wen |
| Presented by: Pengfei Wang, Cornell University |
Session 39: Money and Inflation |
|---|
| Session Chair: Paul Gomme, Federal Reserve Bank of Cleveland |
| Date: May 22, 2005 |
| Time: 8:30 - 9:30 |
| Location: W307 |
| Threshold Effects in the Relationship Between Inflation and Growth: a New Panel-Data Approach |
| By David Drukker, Pere Gomis-Porqueras and Paula Hernandez-Verme |
| Presented by: Paula Hernandez-Verme, Texas A&M University |
| Sectoral Shocks and Policy Responses in a Monetary Search Model |
| By Dror Goldberg |
| Presented by: Dror Goldberg, Texas A&M University |
Session 40: Trends, Cycles, and Breaks |
|---|
| Session Chair: Michael Pakko, Federal Reserve Bank of St Louis |
| Date: May 22, 2005 |
| Time: 8:30 - 9:30 |
| Location: W401 |
| Trend and Cycles: A New Approach and Explanations of Some Old Puzzles |
| By Pierre Perron and Tatsuma Wada |
| Presented by: Tatsuma Wada, Boston University |
| Structural Breaks between Determinacy and Indeterminacy in Estimated DSGE Models: A Change-Point Approach |
| By Siddhartha Chib, Anatoliy Belaygorod, Michael Dueker |
| Presented by: Michael Dueker, Federal Reserve Bank of St. Louis |
Session 41: Trade, Factor Flows and Cycles |
|---|
| Session Chair: Nicole Simpson, Colgate University |
| Date: May 22, 2005 |
| Time: 8:30 - 10:00 |
| Location: C125 |
| NET EXPORTS, CONSUMPTION VOLATILITY AND INTERNATIONAL BUSINESS CYCLE MODELS |
| By ANDREA RAFFO |
| Presented by: Andrea Raffo, UCLA |
| On the Distributional Effects of Trade Policy: A Macroeconomic Perspective |
| By Luis San Vicente Portes |
| Presented by: Luis San Vicente Portes, Georgetown University |
| Fertility, Migration, and Intergenerational Mobility |
| By Luis Alcala |
| Presented by: Luis Alcala, University at Buffalo |
Session 42: Organization of Production |
|---|
| Session Chair: April Franco, University of Iowa |
| Date: May 22, 2005 |
| Time: 10:30 - 12:00 |
| Location: W207 |
| Technology Innovation and Market Turbulence |
| By Zhu Wang |
| Presented by: Zhu Wang, Federal Reserve Bank of Kansas City |
| New or Used? Investment with Credit Constraints |
| By Andrea Eisfeldt and Adriano Rampini |
| Presented by: Andrea Eisfeldt, Northwestern University |
| Innovation Waves and Creative Destruction: Evidence from Product Data |
| By Matthew Mitchell |
| Presented by: Matthew Mitchell, University of Iowa |
Session 43: Fertility and Economic Development |
|---|
| Session Chair: Elena Pastorino, University of Pennsylvania |
| Date: May 22, 2005 |
| Time: 10:30 - 11:30 |
| Location: W307 |
| Fertility and Female Employment: A Different View of the Past 50 Years |
| By Sebastien Buttet and Alice Schoonbroodt |
| Presented by: Sebastien Buttet, University of Minnesota |
| A Model of Historical Evolution of Output and Population |
| By Michael Bar, Oksana Leukhina |
| Presented by: Oksana Leukhina, University of MN |
Session 44: Business Cycles |
|---|
| Session Chair: Pedro Silos, University of Iowa |
| Date: May 22, 2005 |
| Time: 10:30 - 11:30 |
| Location: W401 |
| Real Estate Prices, Borrowing Constraints and Business Cycles-A Study of the Japanese Economy |
| By Suparna Chakraborty |
| Presented by: Suparna Chakraborty, University of Minnesota |
| Endogenous Trading Constraints with Incomplete Asset Markets |
| By Arpad Abraham and Eva Carceles-Poveda |
| Presented by: Arpad Abraham, |