2008 Midwest Macro Meetings

Summary of All Sessions

#Date/TimeLocationTitlePapers
1May 8, 2008
13:30-15:30
103 McNeil Monetary Policy I5
2May 8, 2008
13:30-15:30
167-8 McNeil International Fluctuations5
3May 8, 2008
13:30-15:30
285 McNeil Empirical Macroeconomics5
4May 8, 2008
13:30-15:30
410 McNeil Labor Market Dynamics5
5May 8, 2008
16:00-18:00
103 McNeil Monetary Economics5
6May 8, 2008
16:00-18:00
167-8 McNeil Growth and Development I 5
7May 8, 2008
16:00-18:00
285 McNeil Fiscal Policy5
8May 8, 2008
16:00-18:00
410 McNeil Heterogeneity in Macroeconomics4
9May 9, 2008
9:00-10:30
103 McNeil Banking and Payments3
10May 9, 2008
9:00-10:30
167-8 McNeil Foreign Capital4
11May 9, 2008
9:00-10:30
285 McNeil Growth and Development II4
12May 9, 2008
9:00-10:30
410 McNeil Self-Employment4
13May 9, 2008
9:00-10:30
1st Fl. Conf Rm Issues in Fiscal and Monetary Policy4
14May 9, 2008
10:45-12:15
103 McNeil Bankruptcy and Credit4
15May 9, 2008
10:45-12:15
167-8 McNeil Estimation of DSGE Models4
16May 9, 2008
10:45-12:15
1st Fl Conf Rm Topics in Macroeconomics I4
17May 9, 2008
10:45-12:15
285 McNeil Macro/Labor3
18May 9, 2008
10:45-12:15
410 McNeil International Business Cycles and Sectoral Comovements4
19May 9, 2008
13:30-15:00
103 McNeil Monetary Theory4
20May 9, 2008
13:30-15:00
167-8 McNeil Trade Costs and Trade Dynamics4
21May 9, 2008
13:30-15:00
285 McNeil Equilibrium Unemployment Fluctuations4
22May 9, 2008
13:30-15:00
410 McNeil (S,s) policies in General Equilibrium4
23May 9, 2008
13:30-15:00
1st Fl Conf Rm Topics in Macroeconomics II4
24May 9, 2008
15:15-16:45
103 McNeil Labor Theory4
25May 9, 2008
15:15-16:45
167-8 McNeil Topics in International Economics4
26May 9, 2008
15:15-16:45
285 McNeil Social Security3
27May 9, 2008
15:15-16:45
410 McNeil Long-term Contractual Arrangements4
28May 9, 2008
15:15-16:45
1st Fl Conf Rm Topics in Macroeconomics III4
29May 10, 2008
9:30-11:00
103 McNeil Sovereign Default4
30May 10, 2008
9:30-11:00
167-8 McNeil International Prices4
31May 10, 2008
9:30-11:00
285 McNeil Quantitative Macro4
32May 10, 2008
9:30-11:00
410 McNeil Growth and Development III4
33May 10, 2008
11:15-12:45
103 McNeil Monetary Policy II4
34May 10, 2008
11:15-12:45
167-8 McNeil Private Information and Contracting3
35May 10, 2008
11:15-12:45
285 McNeil Geography, Innovation and Education4
36May 10, 2008
11:15-12:45
410 McNeil Emerging Markets' Economies4
37May 10, 2008
13:45-15:45
103 McNeil Economics and Frictions4
38May 10, 2008
13:45-15:45
167-8 McNeil Asset Prices and Macroeconomics4
39May 10, 2008
13:45-15:45
285 McNeil Marriage, Fertility, and Female Labor Force Participation4
40May 10, 2008
13:45-15:45
410 McNeil Firm and Household Heterogeneity3
 

40 sessions, 162 papers


 

2008 Midwest Macro Meetings

Complete List of All Sessions


Session 1: Monetary Policy I

Session Chair: Carlo Strub, University of Zurich
Date: May 8, 2008
Time: 13:30 - 15:30
Location: 103 McNeil
 

Monetary Policy and Financial Markets
JEL codes: E31, E32, E42
   Presented by: William Gavin, Federal Reserve Bank of St. Louis
 

Monetary Policy Implementation Frameworks: A Comparative Analysis
   Presented by: Cyril Monnet, Federal Reserve Bank of Philadelphia
 

Endogenous Product Variety and the Welfare Cost of Inflation
   Presented by: Mei Dong, Simon Fraser University
 

Optimal Fiscal and Monetary Policy in Customer Markets
   Presented by: Sanjay Chugh, University of Maryland
 

Entry Barriers and Liquidity
   Presented by: Carlo Strub, University of Zurich

Session 2: International Fluctuations

Session Chair: Akito Matsumoto, International Monetary Fund
Date: May 8, 2008
Time: 13:30 - 15:30
Location: 167-8 McNeil
 

International Macroeconomics Dynamics,Endogenous Tradability and Foreign Direct Investment with Heterogeneous Firms
JEL codes: F12, F23, F41
   Presented by: Silvio Contessi, Federal Reserve Bank of St. Louis
 

Technology Shocks: Novel Implications for International Business Cycles
   Presented by: Andrea Raffo, Board of Governors of the Federal Reserve System
 

The Effects of Globalization on International Business Cycle Co-Movement
   Presented by: Jonathan Davis, Vanderbilt University
 

The Real Exchange Rate in Sticky PriceModels: Does Investment Matter?
   Presented by: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas
 

International Risk Sharing During the Globalization Era
   Presented by: Akito Matsumoto, International Monetary Fund

Session 3: Empirical Macroeconomics

Session Chair: Espen Henriksen, University of Oslo
Date: May 8, 2008
Time: 13:30 - 15:30
Location: 285 McNeil
 

The Power of Long-Run VARs
JEL codes: c1
   Presented by: Robert Vigfusson, Federal Reserve Board
 

Aggregate Shocks and the Variability of Sectoral Industrial Production
   Presented by: Pierre-Daniel Sarte, Federal Reserve Bank of Richmond
 

Revisions to PCE Inflation Measures: Implications for Monetary Policy
   Presented by: Dean Croushore, University of Richmond
 

Real-Time Measurement of Business Conditions
   Presented by: Chiara Scotti, Federal Reserve Board
 

The High Correlations of Prices and Interest Rates across Nations
   Presented by: Espen Henriksen, University of Oslo

Session 4: Labor Market Dynamics

Session Chair: Jason Faberman, Federal Reserve Bank of Philadelpia
Date: May 8, 2008
Time: 13:30 - 15:30
Location: 410 McNeil
 

Lost in Transition: The Costs and Consequences of Sectoral Labour Adjustment
JEL codes: E2; J6; J08, J2
   Presented by: Stephen Tapp, Queen's University
 

Firm Entry and Labor Market Dynamics
   Presented by: Pedro Silos, Federal Reserve Bank of Atlanta
 

Human capital risk and the firmsize wage premium
   Presented by: Alexander Ueberfeldt, Bank of Canada
 

Unemployment Benefits vs. Unemployment Accounts: A Quatitative Exploration
   Presented by: Christian Zimmermann, University of Connecticut
 

Job Flows, Jobless Recoveries and the Great Moderation
   Presented by: Jason Faberman, Federal Reserve Bank of Philadelpia

Session 5: Monetary Economics

Session Chair: Alessandro Marchesiani, University of Naples L'Orientale
Date: May 8, 2008
Time: 16:00 - 18:00
Location: 103 McNeil
 

The Distribution of Money Holdings in a Competitive-Markets Environment
   Presented by: Scott Dressler, Villanova University
 

Monetary Policy, Price Dynamics, and Welfare
   Presented by: Miguel Molico, Bank of Canada
 

Money, Capital and Unemployment
   Presented by: Richard Dutu, University of Waikato
 

Anticipated Inflation and Unemployment: Asymmetric Effects of the Inflation Tax
   Presented by: Qian (Lucy) Liu, Queen's University
 

Money, Liquidity and Interest Rates
[slides]
   Presented by: Alessandro Marchesiani, University of Naples L'Orientale

Session 6: Growth and Development I

Session Chair: Sangeeta Pratap, Hunter College and CUNY Graduate Center
Date: May 8, 2008
Time: 16:00 - 18:00
Location: 167-8 McNeil
 

Fertility Decline, Baby Boom and Economic Growth
JEL codes: J13, O4
   Presented by: Robert Tamura, Clemson University
 

Self--Employment Rates and Business Size: The Roles of Occupational Choice and Credit Market Frictions
   Presented by: Ahmet Akyol, York University
 

Does Entrepreneurship Promote Growth? A Model of Occupational Choice with Risk-Attitude Heterogeneous Agents
   Presented by: Ping Wang, Washington University
 

The Evolution of Markets and the Revolution of Industry
   Presented by: Stephen Parente, University of Illinois
 

Financial Frictions and Total Factor Productivity: Accounting for the Real Effects of Financial Crises
   Presented by: Sangeeta Pratap, Hunter College and CUNY Graduate Center

Session 7: Fiscal Policy

Session Chair: Fang Yang, SUNY-Albany
Date: May 8, 2008
Time: 16:00 - 18:00
Location: 285 McNeil
 

Procyclical Fiscal Policy, Welfare, and Monetary Policy in Open Economies
JEL codes: E52 E62, F41
   Presented by: Paul McNelis, Fordham University
 

Intertemporal Distortions in the Second Best
   Presented by: Roc Armenter, Federal Reserve Bank of New York
 

starving the leviathan: a dynamic analysis of balanced budget rules
   Presented by: Marina Azzimonti Renzo, University of Texas - Austin
 

Fiscal Foresight: Analytical Issues
   Presented by: Todd Walker, Indiana University
 

Social Security Reform with Impure Altruism
   Presented by: Fang Yang, SUNY-Albany

Session 8: Heterogeneity in Macroeconomics

Session Chair: Leonardo Melosi, University of Pennsylvania
Date: May 8, 2008
Time: 16:00 - 18:00
Location: 410 McNeil
 

Information Heterogeneity in the Macroeconomy
JEL codes: E21, E25, E32
   Presented by: Ponpoje Porapakkarm, University of Virginia
 

Heterogeneous Price Setting Behavior and Monetary Non-neutrality: Some General Results
   Presented by: Felipe Schwartzman,
 

Fiscal Policy in an Incomplete Markets Economy
   Presented by: Valery Polkovnichenko, U of Texas at Dallas
 

Imperfect Common Knowledge and Allocation of Attention
   Presented by: Leonardo Melosi, University of Pennsylvania

Session 9: Banking and Payments

Session Chair: Zhu Wang, Federal Reserve Bank of Kansas City
Date: May 9, 2008
Time: 9:00 - 10:30
Location: 103 McNeil
 

Run Equilibria in a Model of Financial Intermediation
JEL codes: D82, G21
   Presented by: Huberto Ennis, Federal Reserve Bank of Richmond
 

Private Money and Bank Runs
   Presented by: Hongfei Sun, Queen's University
 

The Economics of Two-Sided Payment Card Markets: Pricing, Adoption and Usage
   Presented by: Zhu Wang, Federal Reserve Bank of Kansas City

Session 10: Foreign Capital

Session Chair: Diego Valderrama, Federal Reserve Bank of San Francisco
Date: May 9, 2008
Time: 9:00 - 10:30
Location: 167-8 McNeil
 

Endogenous Policies and Foreign Direct Investment In Developing Countries: Theory and Evidence From China and India
JEL codes: F23, E6, O43
   Presented by: Yong Wang, University of Chicago
 

FInancial Openness: Foreign Loans vs. FDI
   Presented by: Katheryn Russ, University of California, Davis
 

Do Intangible Assets Explain High U.S. Foreign Direct Investment Returns?
   Presented by: Benjamin Bridgman, Bureau of Economic Analysis
 

Why Do Emerging Economies Import Direct Investment and Export Savings? A Story of Financial Underdevelopment
   Presented by: Diego Valderrama, Federal Reserve Bank of San Francisco

Session 11: Growth and Development II

Session Chair: Raul Santaeulalia-Llopis, University of Pennsylvania
Date: May 9, 2008
Time: 9:00 - 10:30
Location: 285 McNeil
 

Families as Roommates: Changes in U.S. Household Size from 1850 to 2000
   Presented by: Todd Schoellman, Clemson University
 

Pacifying Monogamy: The Mystery Revisited
   Presented by: Nils-Petter Lagerlöf, York University
 

Malthus to Romer: On the Colonial Origins of the Industrial Revolution
   Presented by: Juan Cordoba, Rice University
 

Aggregate Effects of AIDS on Development
   Presented by: Raul Santaeulalia-Llopis, University of Pennsylvania

Session 12: Self-Employment

Session Chair: Silvio Rendon,
Date: May 9, 2008
Time: 9:00 - 10:30
Location: 410 McNeil
 

Choosing to keep up with the Joneses
JEL codes: E2 J22
   Presented by: Richard Barnett, Villanova University
 

Self-Employment and Labor Market Policies
   Presented by: Alok Kumar, University of Victoria
 

Entrepreneurship and Relative Wealth Concerns
   Presented by: Manoj Atolia, Florida State University
 

International Job Search: Mexicans in and out of the U.S.
   Presented by: Silvio Rendon,

Session 13: Issues in Fiscal and Monetary Policy

Session Chair: Andrea Pescatori, Federal Reserve Bank of Cleveland
Date: May 9, 2008
Time: 9:00 - 10:30
Location: 1st Fl. Conf Rm
 

Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
JEL codes: E21, E31, E52
   Presented by: Yaz Terajima, Bank of Canada
 

Government Investment and the European Stability and Growth Pact
   Presented by: Marco Bassetto, Federal Reserve Bank of Chicago
 

Inflation Stabilization and Welfare (and Model Uncertainty)
   Presented by: Thomas Tallarini, The Federal Reserve Board
 

Inflation-Output Gap Trade-off with a Dominant Oil Supplier
   Presented by: Andrea Pescatori, Federal Reserve Bank of Cleveland

Session 14: Bankruptcy and Credit

Session Chair: Leonardo Martinez, Federal Reserve Bank of Richmond
Date: May 9, 2008
Time: 10:45 - 12:15
Location: 103 McNeil
 

A Quantitative Theory of Information and Unsecured Credit
JEL codes: D82, D91, E21
   Presented by: Xuan Tam, University of Virginia
 

The Role of Information in Consumer Debt and Bankruptcy
   Presented by: Juan Sanchez, University of Rochester
 

Costly Contracts and Consumer Credit
   Presented by: Jim MacGee, University of Western Ontario
 

A model of credit risk without commitment
   Presented by: Leonardo Martinez, Federal Reserve Bank of Richmond

Session 15: Estimation of DSGE Models

Session Chair: Pablo Guerron-Quintana, North Carolina State University
Date: May 9, 2008
Time: 10:45 - 12:15
Location: 167-8 McNeil
 

Deep Habits and Fiscal Policy in an Estimated DSGE Model
   Presented by: Sarah Zubairy, Duke University
 

Yield Curve in an Estimated Nonlinear Macro Model
   Presented by: Taeyoung Doh, Federal Reserve Bank of Kansas City
 

Insights from an Estimated Search-Based Monetary Model with Nominal Rigidities
   Presented by: S. Boragan Aruoba, University of Maryland
 

On the Implications of Inflation in a Micro-founded Macroeconometric Model
   Presented by: Pablo Guerron-Quintana, North Carolina State University

Session 16: Topics in Macroeconomics I

Session Chair: Stefano Eusepi, Fedral Reserve Bank of New York
Date: May 9, 2008
Time: 10:45 - 12:15
Location: 1st Fl Conf Rm
 

Euler Equation Branching
JEL codes: E13, E32, E62.
   Presented by: David Stockman, University of Delaware
 

The Stability of Macroeconomic Systems with Bayesian Learners
   Presented by: Jacek Suda, Washington University in St. Louis
 

Liquidity Crises and Productivity Growth
   Presented by: Todd Keister, Federal Reserve Bank of New York
 

Does Determinacy Imply Expectational Stability?
   Presented by: Stefano Eusepi, Fedral Reserve Bank of New York

Session 17: Macro/Labor

Session Chair: Iourii Manovskii, University of Pennsylvania
Date: May 9, 2008
Time: 10:45 - 12:15
Location: 285 McNeil
 

The Evolution of Education: A Macroeconomic Analysis
   Presented by: Guillaume Vandenbroucke, University of Southern California
 

Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions
   Presented by: Aysegul Sahin, Federal Reserve Bank of New York
 

Demographic Change and the Return to Experience
   Presented by: Iourii Manovskii, University of Pennsylvania

Session 18: International Business Cycles and Sectoral Comovements

Session Chair: Riccardo DiCecio, Federal Reserve Bank of St. Louis
Date: May 9, 2008
Time: 10:45 - 12:15
Location: 410 McNeil
 

Offshoring, Trade in Tasks and (Occupational) Specificity of Human Capital
JEL codes: E24, F16, J24
   Presented by: Moritz Ritter, University of Toronto
 

The International Propagation of News Shocks
   Presented by: Martial Dupaigne, GREMAQ
 

Quantitative Implications of Liquidity Constraints for Asset Prices and Monetary Policy
   Presented by: Young Sik Kim, Seoul National University
 

Comovement: It's not a Puzzle
   Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis

Session 19: Monetary Theory

Session Chair: Daniela Puzzello, University of Illinois at Urbana-Champaign
Date: May 9, 2008
Time: 13:30 - 15:00
Location: 103 McNeil
 

A random matching model with reported trading histories
   Presented by: Tao Zhu, Cornell University
 

One or Two Monies?
   Presented by: Janet Hua Jiang, University of Manitoba
 

Money and Memory
   Presented by: Braz Camargo, University of Western Ontario
 

Stationarity without degeneracy in a model of commodity money
   Presented by: Daniela Puzzello, University of Illinois at Urbana-Champaign

Session 20: Trade Costs and Trade Dynamics

Session Chair: Horag Choi, The University of Auckland
Date: May 9, 2008
Time: 13:30 - 15:00
Location: 167-8 McNeil
 

Long-Run Price Elasticity of Trade Flows and the Trade-Comovement Puzzle
JEL codes: E32, F41
   Presented by: Lukasz Drozd, University of Wisconsin
 

International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
   Presented by: Jian Wang, Federal Reserve Bank of Dallas
 

Convexitites, Nonconvexities, and Firm Export Behavior
   Presented by: Kim Ruhl, University of Texas Austin
 

Establishment Heterogeneity, Exporter Dynamics, and the Effects of Trade Liberalization
   Presented by: Horag Choi, The University of Auckland

Session 21: Equilibrium Unemployment Fluctuations

Session Chair: Makoto Nakajima, University of Illinois at Urbana-Champaign
Date: May 9, 2008
Time: 13:30 - 15:00
Location: 285 McNeil
 

Credit, Vacancies and Unemployment Fluctuations
JEL codes: J60 E32 E44
   Presented by: Nicolas Petrosky-Nadeau, Universite du Quebec a Montreal
 

Exogenous vs. Endogenous Separation
   Presented by: Garey Ramey, UC San Diego
 

Labor Market Cycles and Unemployment Insurance Eligibility
   Presented by: Min Zhang, University of Toronto
 

Business Cycles in the Equilibrium Model of Labor Market Search and Self-Insurance
   Presented by: Makoto Nakajima, University of Illinois at Urbana-Champaign

Session 22: (S,s) policies in General Equilibrium

Session Chair: Aubhik Khan, Federal Reserve Bank of Philadelphia
Date: May 9, 2008
Time: 13:30 - 15:00
Location: 410 McNeil
 

Inventories, Markups, and Real Rigidities in Menu Cost Models
JEL codes: E31, E32
   Presented by: Oleksiy Kryvtsov, Bank of Canada
 

Investment opportunity, labor market search and employment dynamics over business cycles
   Presented by: Zhe Li, University of Toronto
 

Breaking the New Keynesian Dichotomy: Asset Market Segmentation and the Monetary Transmission Mechanism
   Presented by: Julia Thomas, Federal Reserve Bank of Philadelphia
 

(S,s) inventories, state-dependent prices and the propagation of nominal shocks
   Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia

Session 23: Topics in Macroeconomics II

Session Chair: Min Ouyang, University of California Irvine
Date: May 9, 2008
Time: 13:30 - 15:00
Location: 1st Fl Conf Rm
 

Blood Diamonds: What Makes Them Bloody?
JEL codes: O43, Q34
   Presented by: Wenhui Fan, University of British Columbia
 

Efficient Risk Sharing in the Presence of a Public Good
   Presented by: Christine Hauser, University of Rochester
 

The Dynamics of Portfolio Choice and Wealth Inequality when
   Presented by: Irasema Alonso, University of Rochester
 

On the Cyclicality of R&D
   Presented by: Min Ouyang, University of California Irvine

Session 24: Labor Theory

Session Chair: Manolis Galenianos, Pennsylvania State University
Date: May 9, 2008
Time: 15:15 - 16:45
Location: 103 McNeil
 

Wage Dispersion and Wage Dynamics Within and Across Firms
JEL codes: J64
   Presented by: Eric Smith, University of Essex
 

Endogenous, State-Dependent Matching with Implications for the Cyclical Behavior of Unemployment
   Presented by: Ben Lester, University of Western Ontario
 

Labor Hoarding Contracts with Coordination Frictions
   Presented by: Nicolas Jacquet, Singapore Management University
 

Hiring through Referrals
   Presented by: Manolis Galenianos, Pennsylvania State University

Session 25: Topics in International Economics

Session Chair: Hyeongwoo Kim, Auburn University
Date: May 9, 2008
Time: 15:15 - 16:45
Location: 167-8 McNeil
 

Revisiting Cross-Country Correlation Anomalies
JEL codes: F4
   Presented by: Alok Johri, McMaster University
 

Variety-Skill Complementarity Hypothesis: A Simple Resolution of Trade-Wage Inequality Anomaly
   Presented by: Yoshinori Kurokawa, State University of New York at Buffalo
 

The Structure of the American Economy
   Presented by: Eric Fisher, California Polytechnic State University
 

Purchasing Power Parity and the Taylor Rule
   Presented by: Hyeongwoo Kim, Auburn University

Session 26: Social Security

Session Chair: Vipul Bhatt, The Ohio State University
Date: May 9, 2008
Time: 15:15 - 16:45
Location: 285 McNeil
 

Nonseparable Preferences and Optimal Social Security Systems
   Presented by: Borys Grochulski, Federal Reserve Bank of Richmond
 

Social Security and Two-Earner Households
   Presented by: Remzi Kaygusuz, Sabanci University, Istanbul
 

Tough Love and Intergenerational Altruism
   Presented by: Vipul Bhatt, The Ohio State University

Session 27: Long-term Contractual Arrangements

Session Chair: Eva Carceles-Poveda, SUNY at Stony Brook
Date: May 9, 2008
Time: 15:15 - 16:45
Location: 410 McNeil
 

Total Executive Compensation
JEL codes: D82, D86, D92
   Presented by: Gian Luca Clementi, Stern School of Business
 

Debt Contracts with Short-Term Commitment
   Presented by: Natalia Kovrijnykh, University of Chicago
 

Stochastic Costly State Veri cation and Dynamic Contracts
   Presented by: Latchezar Popov, The University of Iowa
 

Equity Financing
   Presented by: Eva Carceles-Poveda, SUNY at Stony Brook

Session 28: Topics in Macroeconomics III

Session Chair: Rubina Verma, University of Southern California
Date: May 9, 2008
Time: 15:15 - 16:45
Location: 1st Fl Conf Rm
 

Understanding "Instability" in Aggregate Money Demand: An Approach based on a Life-Cycle Model of Household Portfolio Choice
JEL codes: E41
   Presented by: Drew Saunders, Krannert School of Mgmt, Purdue Univ.
 

Accounting for Lifecycle Wealth Accumulation: The Role of Housing Institution
   Presented by: Sang-Wook (Stanley) Cho, University of Minnesota / University of New South Wales
 

Demographics and Effective Capital/Labor Taxes in OECD Countries
   Presented by: Kazuki Konno, University of Texas at Austin
 

Productivity Driven Services Led Growth
   Presented by: Rubina Verma, University of Southern California

Session 29: Sovereign Default

Session Chair: Jihad Dagher, University of Southern California
Date: May 10, 2008
Time: 9:30 - 11:00
Location: 103 McNeil
 

A Solution to the Default Risk-Business Cycle Disconnect
   Presented by: Vivian Zhanwei YUE, New York University
 

Indexed Sovereign Debt: An Applied Framework
   Presented by: Horacio Sapriza, Rutgers University
 

Trade Surpluses and Growth in a Limited Commitment Economy
   Presented by: Tani Fukui, UCLA
 

Sudden Stops, Output Drops and Credit Collapses
   Presented by: Jihad Dagher, University of Southern California

Session 30: International Prices

Session Chair: Chikako Baba, University of Wisconsin - Madison
Date: May 10, 2008
Time: 9:30 - 11:00
Location: 167-8 McNeil
 

Local Costs of Distribution, International Trade Costs and Micro Evidence on the Law of One Price
JEL codes: F11, F15
   Presented by: Rahul Giri, University of Southern California
 

Accounting for persistence and volatility of good-level real exchange rates: the role of sticky information
[slides]
   Presented by: Takayuki Tsuruga, Kansai University
 

A Regime Switching Analysis of Exchange Rate Pass-through
   Presented by: Kolver Hernandez, University of Delaware
 

Local Cost, Markup, and the Law of One Price
   Presented by: Chikako Baba, University of Wisconsin - Madison

Session 31: Quantitative Macro

Session Chair: Karsten Jeske, Federal Reserve Bank of Atlanta
Date: May 10, 2008
Time: 9:30 - 11:00
Location: 285 McNeil
 

Uninsurable Risk and Financial Market Puzzles
   Presented by: Parantap Basu, University of Durham
 

Measuring the Welfare Gain from Personal Computers
   Presented by: Karen Kopecky, The University of Western Ontario
 

A General Equilibrium Theory of College with Education Subsidies, In-School Labor Supply, and Borrowing Constraints
   Presented by: Carlos Garriga, Federal Reserve Bank of St. Louis
 

Productivity, Energy Prices and the Great Moderation: A New Link
   Presented by: Karsten Jeske, Federal Reserve Bank of Atlanta

Session 32: Growth and Development III

Session Chair: Gregory Gilpin, Indiana University
Date: May 10, 2008
Time: 9:30 - 11:00
Location: 410 McNeil
 

Cross-country Variation in Educational Attainment: Structural Change or Within Industry Skill Upgrading?
JEL codes: I2, J24
   Presented by: Lutz Hendricks, Iowa State University
 

Driving Forces of the Canadian Economy: An Accounting Exercise
   Presented by: Simona Cociuba, Federal Reserve Bank of Dallas
 

DISEASES AND DEVELOPMENT:A Theory of Infection Dynamics and Economic Behavior
   Presented by: Chris Papageorgiou, IMF
 

The Quantity and Quality of Teachers: A Dynamic Trade-off
   Presented by: Gregory Gilpin, Indiana University

Session 33: Monetary Policy II

Session Chair: Gaetano Antinolfi, Washington University
Date: May 10, 2008
Time: 11:15 - 12:45
Location: 103 McNeil
 

Public Information and Monetary Policy
JEL codes: D80, E52
   Presented by: Marie Hoerova, European Central Bank
 

Essential Interest-Bearing Money
   Presented by: David Andolfatto, Simon Fraser University
 

Adverse Selection and the Role of Monetary Policy
   Presented by: Daniel Sanches, Washington University in St. Louis
 

The Optimal Inflation Target in an Economy with Limited Enforcement
   Presented by: Gaetano Antinolfi, Washington University

Session 34: Private Information and Contracting

Session Chair: Pamela Labadie, George Washington University
Date: May 10, 2008
Time: 11:15 - 12:45
Location: 167-8 McNeil
 

Asset Contractibility in Markov-Perfect Insurance
   Presented by: Fernando Martin, Simon Fraser University
 

Fraud and Optimal Monitoring
   Presented by: B Ravikumar, University of Iowa
 

Retrading in Competitive Equilibria with Adverse Selection
   Presented by: Pamela Labadie, George Washington University

Session 35: Geography, Innovation and Education

Session Chair: Marla Ripoll, University of Pittsburgh
Date: May 10, 2008
Time: 11:15 - 12:45
Location: 285 McNeil
 

Productivity and Employment Density: New Estimates and Macroeconomic Implications
   Presented by: Morris Davis, University of Wisconsin-Madison, School
 

On the Granular Origins of Incremental Technical Change
   Presented by: Christos Koulovatianos, University of Vienna
 

The Dynamics of Innovation and Horizontal Differentiation
   Presented by: Borghan Nezami Narajabad, Rice University
 

The Role of Education in Development
   Presented by: Marla Ripoll, University of Pittsburgh

Session 36: Emerging Markets' Economies

Session Chair: Maria Olivero, Drexel University
Date: May 10, 2008
Time: 11:15 - 12:45
Location: 410 McNeil
 

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism
JEL codes: F41, F32, E44
   Presented by: Ceyhun Bora Durdu, Federal Reserve Board
 

A Neoclassical Analysis of the Asian Crisis: Business Cycle Accounting for a Small Open Economy
   Presented by: Keisuke Otsu, Sophia University
 

Cyclical Wage Movements in Emerging Markets Compared to Developed Economies: the Role of Interest Rates
   Presented by: Nan Li, Ohio State University
 

Twin Crises in Emerging Markets: The Role of Liability Dollarization and Imperfect Competition in Banking
   Presented by: Maria Olivero, Drexel University

Session 37: Economics and Frictions

Session Chair: Ling Sun, University of Toronto
Date: May 10, 2008
Time: 13:45 - 15:45
Location: 103 McNeil
 

Wage-Training Contract and Wage Dynamics In a Job Search Model with General Human Capital
   Presented by: Chao Fu, University of Pennsylvania
 

Friction Induced Trade
   Presented by: John Kennes, University of Aarhus
 

Venture Capital and Underpricing: Capacity Constraints and Early Sales
   Presented by: Roberto Pinheiro, University of Pennsylvania
 

Delayed Output Response to Productivity Shocks in a Monetary Search Model
   Presented by: Ling Sun, University of Toronto

Session 38: Asset Prices and Macroeconomics

Session Chair: Paul Scanlon, Trinity College Dublin
Date: May 10, 2008
Time: 13:45 - 15:45
Location: 167-8 McNeil
 

A Multiplier Approach to Understanding the Macro Implications of Household Finance
JEL codes: G12
   Presented by: YiLi Chien, Purdue University
 

Asset Prices in a Huggett Economy
   Presented by: Toshihiko Mukoyama, University of Virginia
 

Foreclosures and House Prices
   Presented by: Don Schlagenhauf, Florida State University
 

Bubbles in Prices of Exaustible Resources
[slides]
   Presented by: Boyan Jovanovic, New York University
 

Consumption Variety and Asset Prices
   Presented by: Paul Scanlon, Trinity College Dublin

Session 39: Marriage, Fertility, and Female Labor Force Participation

Session Chair: Linda Yuetyee Wong, University of Iowa and Binghamton Univer
Date: May 10, 2008
Time: 13:45 - 15:45
Location: 285 McNeil
 

Fertility choice in a lifecycle model with idiosyncratic uninsurable earnings risk
   Presented by: Kamila Vetechova, Georgetown University
 

The Effect of Household Appliances on Female Labor Force Participation: Evidence From Micro Data
   Presented by: Daniele Coen-Pirani, Carnegie Mellon University
 

The Origin of the Institutions of Marriage
   Presented by: Marina Adshade, Dalhousie University
 

Black-White Intermarriage
   Presented by: Linda Yuetyee Wong, University of Iowa and Binghamton Univer

Session 40: Firm and Household Heterogeneity

Session Chair: Wenli Li, Federal Reserve Bank of Philadelphia
Date: May 10, 2008
Time: 13:45 - 15:45
Location: 410 McNeil
 

A quantitative model of costly reallocation and aggregate productivity
JEL codes: E22, L16
   Presented by: Shutao Cao, Bank of Canada
 

Entry, Exit and Investment-Specific Technical Change
   Presented by: Roberto Samaniego, George Washington University
 

Housing over the Life Cycle: A Structural Estimation
   Presented by: Wenli Li, Federal Reserve Bank of Philadelphia

This program was last updated on 2008-05-07 8:4:57 EDT