42 sessions, 127 papers, and 0 presentations with no associated papers

Fall 2012 Midwest Macroeconomics Meetings
Complete List of All Sessions

Session 1: Economics of the Family
Session Chair: Ahmet Ali Taskin, University of Texas at Austin
Date: November 9, 2012
Time: 12:00 - 13:45
Location: Boulder Creek Living Room -- Millennium Hotel
The role of inter vivos giving in general equilibrium
Presented by: Jane Yoo, Ajou University
Dual Income Couples and Interstate Migration
Presented by: Ahmet Ali Taskin, University of Texas at Austin
Taxes, Education, Marriage, and Labor Supply
Presented by: Marina Mendes Tavares, ITAM
China's saving rate puzzle and family structure
Presented by: Weina Zhou, UBC
Session 2: Unemployment
Session Chair: Thomas Lubik, Federal Reserve Bank of Richmond
Date: November 9, 2012
Time: 12:00 - 13:45
Location: Suite 431 -- Millennium Hotel
The Time-Varying Beveridge Curve
Presented by: Thomas Lubik, Federal Reserve Bank of Richmond
Benefits Cost and Employment Dynamics in Recent U.S. Recoveries
Presented by: Weishi Gu, Cornell University
Session 3: Asset Pricing
Session Chair: Berardino Palazzo, Boston University, School of management
Date: November 9, 2012
Time: 12:00 - 13:45
Location: Millennium Room -- Millennium Hotel
A Labor Capital Asset Pricing Model
[slides]
Presented by: JessieJiaxu Wang, Carnegie Mellon University
Investment and The Cross–Section of Equity Returns
Presented by: Berardino Palazzo, Boston University, School of management
Pricing Default Risk in Mortgage Backed Securities
Presented by: Hrishikesh Singhania, University of California Santa Barbara
The Role of Bounded Rationality in Macro-Finance Affine Term-Structure Models
Presented by: Eunmi Ko, SNU Graduate School
Session 4: Housing Dynamics
Session Chair: Carlos Yepez, Brandeis University
Date: November 9, 2012
Time: 12:00 - 13:45
Location: Suite 231 -- Millennium Hotel
Financial and Real Estate Cycles in Business Cycles
Presented by: Carlos Yepez, Brandeis University
Housing Demand Shocks, Keeping Up with the Zhangs and Housing Market Dynamics in China
Presented by: Tao Peng, Southwestern University of Finance and Economics
An Equilibrium Analysis of the Rise in House Prices and Mortgage Debt
Presented by: Shaofeng Xu, Bank of Canada
Causes and Welfare Consequences of Real Estate Price Appreciation
Presented by: Filippo Scoccianti, Bank of Italy
Session 5: International Prices
Session Chair: Michael Sposi, Federal Reserve Bank of Dallas
Date: November 9, 2012
Time: 12:00 - 13:45
Location: Suite 331 -- Millennium Hotel
Trade Barriers and the Relative Price of Tradables
Presented by: Michael Sposi, Federal Reserve Bank of Dallas
International Great Inflation: Common Monetary Policy vs Common Shocks
Presented by: Anastasia Zervou, Texas A&M University
Session 6: Professor Martin Eichenbaum: Unemployment and the Business Cycle
Date: November 9, 2012
Time: 14:00 - 15:00
Location: Canyon Ballroom -- Millennium Hotel
Session 7: Cross-Country and State Comparisons
Session Chair: Robert Tamura, Clemson University
Date: November 9, 2012
Time: 15:30 - 17:15
Location: Boulder Creek Living Room -- Millennium Hotel
Shadow Economies around the World: Model Based Estimates
Presented by: Ceyhun Elgin, Bogazici University
Panics and Growth: A Cross-country Analysis
Presented by: Nam Vu, Vanderbilt Unviversity
Development Accounting and Convergence for US States
Presented by: Robert Tamura, Clemson University
Factor payment shares in a large cross-section of countries
Presented by: Kathryn Marshall, California Polytechnic State University
Session 8: Fiscal Policy 1
Session Chair: Karen Kopecky, Federal Reserve Bank of Atlanta
Date: November 9, 2012
Time: 15:30 - 17:15
Location: Millennium Room -- Millennium Hotel
Social Security is NOT a Substitute for Annuities
[slides]
Presented by: Lei (Nick) Guo, Jon M. Huntsman School of Business, Utah State University
The Joint Impact of Social Security and Medicaid on Incentives and Welfare
Presented by: Karen Kopecky, Federal Reserve Bank of Atlanta
Capital Income Tax Reforms in a Global Economy Under Uninsured Idiosyncratic Risk and Borrowing Constraints
Presented by: Ayse Kabukcuoglu, University of Texas at Austin
Session 9: Consumption Dynamics
Session Chair: Paul Klein, Simon Fraser University
Date: November 9, 2012
Time: 15:30 - 17:15
Location: Suite 231 -- Millennium Hotel
Explaining the Durable Goods Co-movement Puzzle with Non-Separable Preferences: A Bayesian Approach
Presented by: Jaya Dey, Oklahoma State University
Characterizing Intertemporal Substitution via a Pre-Announced VAT Increase: Evidence from Japan
Presented by: David Cashin, University of Michigan
Consumption risk sharing under private information when earnings are persistent
Presented by: Paul Klein, Simon Fraser University
Sticky Information Diffusion and the Inertial Behavior of Durables Consumption
Presented by: Jun Nie, Federal Reserve Bank of Kansas City
Session 10: Trade and Firms
Session Chair: Hakan Yilmazkuday, Florida International University
Date: November 9, 2012
Time: 15:30 - 17:15
Location: Suite 331 -- Millennium Hotel
Multinational Firms' Entry, Productivity, and Inefficiency
Presented by: Silvio Contessi, Federal Reserve Bank of St. Louis
The Composition of Exports and Gravity
Presented by: Scott French, University of New South Wales
The Great Trade Collapse: A Horse Race of Competing Stories
Presented by: Hakan Yilmazkuday, Florida International University
Specialization Patterns in International Trade
[slides]
Presented by: Walter Steingress, University of Montreal
Session 11: Monetary and Exchange Rate Policy
Session Chair: William Craighead, Wesleyan University
Date: November 9, 2012
Time: 15:30 - 17:15
Location: Suite 431 -- Millennium Hotel
Foreign exchange intervention and monetary policy design: a market microstructure analysis
Presented by: Marco Ortiz, Banco Central de Peru
International Channels of the Fed's Unconventional Monetary Policy
Presented by: Christopher Neely, Federal Reserve Bank of St. Louis
Monetary Rules and Sectoral Unemployment in Open Economies
Presented by: William Craighead, Wesleyan University
Session 12: Fiscal Policy 2
Session Chair: Christos Shiamptanis, Ryerson University
Date: November 10, 2012
Time: 8:30 - 10:15
Location: KOBL 220 -- Leeds School
The Government Transfer Multiplier
Presented by: Steven Pennings, New York University
Risk Assessment Under a Non-linear Fiscal Rule
Presented by: Christos Shiamptanis, Ryerson University
Fiscal Policy and Economic Recovery: The Case of the 1936 Veterans' Bonus
Presented by: Joshua Hausman, University of California, Berkeley
Session 13: Labor Market Search
Session Chair: Semih Tumen, Central Bank of Turkey
Date: November 10, 2012
Time: 8:30 - 10:45
Location: KOBL 235 -- Leeds School
Search, private benefits, and the (mis)allocation of talent across firms
Presented by: Matias Tapia, P.U. Catolica de Chile
Equilibrium Dynamics of Displaced Worker Earnings
Presented by: Pawel Krolikowski, University of Michigan - Ann Arbor
Is Search Intensity Countercyclical?
Presented by: Semih Tumen, Central Bank of Turkey
Labor Market Search and the Dynamic Effects of Immigration
Presented by: Xiangbo Liu, Renmin University of China
Session 14: Firms, Production, and Investment
Session Chair: Galina Vereshchagina, Arizona State University
Date: November 10, 2012
Time: 8:30 - 10:15
Location: KOBL 230 -- Leeds School
Higher Quality Apples or Lower Cost?
Presented by: Robert Kane, NCSU
The Role of Entrepreneurial Wealth in Team Formation
Presented by: Galina Vereshchagina, Arizona State University
The Dynamics of Capital Accumulation: Evidence from Chinese Industrial Plants
Presented by: Le Tang, Brandeis University
Session 15: Global Imbalances and Reserves
Session Chair: Asli Leblebicioglu, University of Texas at Dallas
Date: November 10, 2012
Time: 8:30 - 10:15
Location: KOBL 255 -- Leeds School
A Theory of Sudden Stops, Foreign Reserves, and Rollover Risk in Emerging Economies
Presented by: Illenin Kondo, Federal Reserve Board
Financial Flows, Composition of Capital and Growth
Presented by: Asli Leblebicioglu, University of Texas at Dallas
Session 16: Business Cycles 1
Session Chair: Fabio Milani, University of California, Irvine
Date: November 10, 2012
Time: 8:30 - 10:15
Location: KOBL S127 -- Leeds School
Creation and destruction in the business cycle of extensive margins
Presented by: Masashige Hamano, CREA University of Luxembourg
A Theory of Political and Economic Cycles
Presented by: Laurence Ales, Carnegie Mellon University
Sentiment and the U.S. Business Cycle
Presented by: Fabio Milani, University of California, Irvine
Beyond Taxes: Understanding the Labor Wedge
Presented by: Brendan Epstein, Federal Reserve Board
Session 17: Economic Growth
Session Chair: Nils-Petter Lagerlof, York University
Date: November 10, 2012
Time: 10:30 - 12:15
Location: KOBL 255 -- Leeds School
Born Free: Inherited Class Status in a Malthusian Model
Presented by: Nils-Petter Lagerlof, York University
Structural Transformation and Comparative Advantage: The Implications for Small Open Economies
Presented by: Unjung Whang, University of Colorado at Boulder
Inflation, Entrepreneurship and Growth
Presented by: Chao He, Renmin University of China
High Growth and High Saving Rates - A Puzzle?
Presented by: Noam Gruber, Dartmouth College
Session 18: Development
Session Chair: Shankha Chakraborty, University of Oregon
Date: November 10, 2012
Time: 10:30 - 12:15
Location: KOBL 220 -- Leeds School
Twin Transitions
Presented by: Shankha Chakraborty, University of Oregon
Education in India
Presented by: John Stone, Weber State University
Session 19: International Finance
Session Chair: Jordi Mondria, University of Toronto
Date: November 10, 2012
Time: 10:30 - 12:15
Location: KOBL 230 -- Leeds School
Globalization, Exchange Rate Regimes and Financial Contagion
Presented by: Maxim Nikitin, International School of Economics and Finance
Familiarity and Surprises in International Financial Markets: Bad news travels like wildfire, good news travels slow
Presented by: Jordi Mondria, University of Toronto
Evaluating International Financial Integration in a Center-Periphery Economy
Presented by: Changhua Yu,
Session 20: Banking
Session Chair: Takayuki Tsuruga, Kyoto Unviersity
Date: November 10, 2012
Time: 10:30 - 12:15
Location: KOBL S127 -- Leeds School
Bank Overleverage and Macroeconomic Fragility
Presented by: Takayuki Tsuruga, Kyoto Unviersity
Bank lending and loan securitization under uncertainty
Presented by: Soojin Jo, Bank of Canada
Big Banks and Macroeconomic Fluctuations: A New Theory and Cross-Country Evidence of Granularity
Presented by: Katheryn Russ, University of California, Davis
Uncertainty and Bank Wholesale Funding
Presented by: Valeriya Dinger, Universtity of Osnabrueck, Germany
Session 21: Time Series
Session Chair: John Keating, University of Kansas
Date: November 10, 2012
Time: 10:30 - 12:15
Location: KOBL 235 -- Leeds School
Identifying Technology Shocks in the Frequency Domain
Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis
Measuring the Level and Uncertainty of Trend Inflation
Presented by: Elmar Mertens, Federal Reserve Board
What Do We Learn from Blanchard and Quah Decompositions If Aggregate Demand may Not be Long-Run Neutral?
Presented by: John Keating, University of Kansas
Identification of Technology Shocks Using Misspecified VARs
Presented by: Ufuk Demirel, University of Colorado at Boulder
Session 22: Inequality
Session Chair: Maik Heinemann, Potsdam University
Date: November 10, 2012
Time: 13:15 - 15:00
Location: KOBL 230 -- Leeds School
Risk Aversion Heterogeneity, Risky Jobs and Wealth Inequality
[slides]
Presented by: Marco Cozzi, Queen's University
Endogenous Growth, The Distribution of Wealth, and Optimal Policy Under Incomplete Markets and Idiosyncratic Risk
Presented by: Maik Heinemann, Potsdam University
General vs. Specific human capital, Endogenous job turnover and Within Group Income Inequality
Presented by: YANG TANG, Washington University in St.Louis
Session 23: Financial Frictions
Session Chair: Peter Rupert, University of California, Santa Barbara
Date: November 10, 2012
Time: 13:15 - 15:00
Location: KOBL 220 -- Leeds School
Unemployment and Household Unsecured Debt
Presented by: Peter Rupert, University of California, Santa Barbara
Business Cycle, Land Dynamics and Financial Shocks
Presented by: Jean-Francois Rouillard, Queen's University
Borrowing Constraints, Collateral Fluctuations, and the Labor Market
Presented by: Julio Garin, University of Georgia
Session 24: International Risk Sharing
Session Chair: Paul Scanlon, Trinity College Dublin
Date: November 10, 2012
Time: 13:15 - 15:00
Location: KOBL S127 -- Leeds School
Risk Sharing and Real Exchange Rates: Role of Non-tradable Sector and Trend Shocks
Presented by: Mustafa Kilinc, Central Bank of Turkey
International Risk Sharing with Endogenously Segmented Asset Markets
Presented by: Ananth Ramanarayanan, University of Western Ontario
New Goods and International Risk Sharing
Presented by: Paul Scanlon, Trinity College Dublin
Accounting for Real Exchange Rates using Micro-Data
Presented by: Mario Crucini, Vanderbilt University
Session 25: Monetary Policy 1
Session Chair: Marco Airaudo, Drexel University, LeBow Business School
Date: November 10, 2012
Time: 13:15 - 15:00
Location: KOBL 235 -- Leeds School
Impact of Monetary Policy in the Presence of Theft
Presented by: DEVIKA HAZRA, TEXAS A&M UNIVERSITY
Consumption externalities and monetary policy with limited asset market participation
Presented by: Marco Airaudo, Drexel University, LeBow Business School
Organizational Learning and Optimal Fiscal and Monetary Policy
Presented by: Bidyut Talukdar, Saint Mary's University
Session 26: Topics in Consumption, Savings, and Labor
Session Chair: Frank Caliendo, Utah State University
Date: November 10, 2012
Time: 13:15 - 15:00
Location: KOBL 255 -- Leeds School
Time Inconsistency and Retirement Choice
Presented by: Frank Caliendo, Utah State University
Reexamining the Empirical Relevance of Habit Formation Preferences
Presented by: Xuan Liu, East Caroline University
The precaution of the rich and poor
Presented by: Scott Fulford, Boston College
Session 27: Labor Reallocation
Session Chair: Jonas Fisher, Federal Reserve Bank of Chicago
Date: November 10, 2012
Time: 15:15 - 17:00
Location: KOBL 255 -- Leeds School
Energy Price Shocks and Labor Reallocation
Presented by: Nicolas Ziebarth, University of Iowa
Reallocation and the Changing Nature of Economic Fluctuations
Presented by: Eric Sims, University of Notre Dame
The Role of Housing in Labor Reallocation
Presented by: Jonas Fisher, Federal Reserve Bank of Chicago
Session 28: Business Cycle: Methods and Applications
Session Chair: Nooman Rebei, International Monetary Fund
Date: November 10, 2012
Time: 15:15 - 17:00
Location: KOBL 235 -- Leeds School
What (Really) Accounts for the Fall in Hours After a Technology Shock?
Presented by: Nooman Rebei, International Monetary Fund
Solving Generalized Multivariate Linear Rational Expectations Models
Presented by: Fei Tan, Indiana University
Mystery at the Zero Lower Bound
Presented by: Bingbing Dong, University of Virginia
Are Negative Supply Shocks Expansionary at the Zero Lower Bound?
Presented by: Johannes Wieland, University of California, Berkeley
Session 29: Macroeconomic Policies in Open Economies
Session Chair: Wai-Ming Ho, York University
Date: November 10, 2012
Time: 15:15 - 17:00
Location: KOBL 230 -- Leeds School
Tax Evasion and Information Sharing in International Taxation
Presented by: Marcelo Arbex, University of Windsor
Liquidity Constraints, International Trade, and Optimal Monetary Policy
Presented by: Wai-Ming Ho, York University
Two Policy Instruments with Capital Controls and Sterilization
Presented by: Nalini Prasad, University of Wisconsin
Optimal Exchange Rate Policy under Collateral Constraints and Wage Rigidity
Presented by: Pablo Ottonello, Columbia University
Session 30: Price and Inflation
Session Chair: Wei Xiao, SUNY at Binghamton
Date: November 10, 2012
Time: 15:15 - 17:00
Location: KOBL 220 -- Leeds School
Signal Extraction, Adaptive Learning, and Inflation Persistence
Presented by: Wei Xiao, SUNY at Binghamton
The Macroeconomic Effects of "Full Cost Pricing": a Case for Revisiting the Marginalist Controversy?
Presented by: Alessandro Barattieri, University of Quebec at Montreal (UQAM)
Session 31: Asset Bubbles
Session Chair: Vitaliy Strohush, Elon University
Date: November 10, 2012
Time: 15:15 - 17:00
Location: KOBL S127 -- Leeds School
A Bayesian DSGE Model of Stock Market Bubbles and Business Cycles
Presented by: Zhiwei Xu, Hong Kong University of Science and Technology
Loans from the Government, Overinvestment by Households, and Asset Bubbles
Presented by: Vitaliy Strohush, Elon University
Session 32: Professor Jesus Fernandez-Villaverde: The Macroeconomics of Volatility Shocks
Date: November 10, 2012
Time: 17:30 - 18:30
Location: Canyon Ballroom -- Millennium Hotel
Session 33: RECEPTION
Date: November 10, 2012
Time: 18:30 - 19:30
Location: Century Room -- Millennium Hotel
Session 34: Intermediation and Liquidity
Session Chair: Luis Araujo, Michigan State University
Date: November 11, 2012
Time: 8:30 - 10:15
Location: KOBL 255 -- Leeds School
To sell or to borrow?
Presented by: Michal Kowalik, Federal Reserve Bank of Kansas City
Financial Intermediation and the Supply of Liquidity
Presented by: Jonathan Kreamer, University of Maryland
Coordination in the use of money
Presented by: Luis Araujo, Michigan State University
Session 35: Business Cycles 2
Session Chair: Christine Ostrowski, Federal Reserve Bank of Chicago
Date: November 11, 2012
Time: 8:30 - 10:15
Location: KOBL 235 -- Leeds School
Time-Varying Wage Risk, Incomplete Markets, and Business Cycles
Presented by: Shuhei Takahashi, Kyoto University
Can news shocks account for the business-cycle dynamics of inventories?
Presented by: Hyunseung Oh, Columbia University
Hours Worked With and Without Capital Income
Presented by: Christine Ostrowski, Federal Reserve Bank of Chicago
Session 36: Emerging Markets
Session Chair: Berrak Bahadir, University of Georgia
Date: November 11, 2012
Time: 8:30 - 10:15
Location: KOBL 230 -- Leeds School
Stabilization Policy and Public Investment in Emerging Countries
Presented by: Yin Hu, Indiana University
Infrastructure and Business Cycle in Emerging Market Economy
Presented by: Jongheuk Kim, University of Colorado at Boulder
Credit Decomposition and Business Cycles in Emerging Economies
Presented by: Berrak Bahadir, University of Georgia
Session 37: Topics in Labor Economics
Session Chair: Arantxa Jarque, Federal Reserve Bank of Richmond
Date: November 11, 2012
Time: 8:30 - 10:15
Location: KOBL 220 -- Leeds School
Parental Time Investment in Early Education and the Labor Supply of Young Parents
Presented by: Xiaoyan Youderian, Xavier University
Deferred pay for bank employees: implications of hidden actions with persistent effects in time
Presented by: Arantxa Jarque, Federal Reserve Bank of Richmond
Occupation Choice and the Gender Wage Gap
Presented by: Elisa Keller, University of Iowa
Heterogeneity in US Labor Market Flows
Presented by: Didem Tuzemen, The Federal Reserve Bank of Kansas City
Session 38: International RBC
Session Chair: Uluc Aysun, University of Central Florida
Date: November 11, 2012
Time: 10:30 - 12:15
Location: KOBL 255 -- Leeds School
Comparing General and Partial Equilibrium Approaches to the Study of Real Business Cycles
Presented by: Kan Chen, Vanderbilt University
International Transmission of Financial Shocks
Presented by: Uluc Aysun, University of Central Florida
Dynamic Rare Disaster Risk, Risk Sharing and Cross-Country Portfolio Holdings
Presented by: Yavuz Arslan, The Central Bank of the Republic of Turkey
Session 39: Insurance
Session Chair: David Fuller, Concordia University
Date: November 11, 2012
Time: 10:30 - 12:15
Location: KOBL 235 -- Leeds School
Education as Unemployment Insurance: A Model with Endogenous Educational Requirement for Job Application and Its Policy Implications
Presented by: Dongpeng Liu, UC Riverside
Unemployment Insurance Fraud and Optimal Monitoring
Presented by: David Fuller, Concordia University
Optimal Monitoring of Unemployment Insurance Recipients
Presented by: Jorge Barro, Louisiana State University
Session 40: Monetary Policy 2
Session Chair: Gregory Givens, University of Alabama
Date: November 11, 2012
Time: 10:30 - 12:15
Location: KOBL 230 -- Leeds School
Inferring Monetary Policy Objectives with a Partially Observed State
Presented by: Gregory Givens, University of Alabama
Large Scale Asset Purchases: Impact on Commodity Prices and International Spillover Effects
Presented by: Lena Suchanek, Bank of Canada
Changes in Federal Reserve Preferences
Presented by: Aeimit Lakdawala, Michigan State University
Monetary Policy Regime Switches and Macroeconomic Dynamics
Presented by: Andrew Foerster, Federal Reserve Bank of Kansas City
Session 41: Production and Technology
Session Chair: Javier Birchenall, University of California, Santa Barbara
Date: November 11, 2012
Time: 10:30 - 12:15
Location: KOBL 220 -- Leeds School
A simple theory of the aggregate production function
Presented by: Javier Birchenall, University of California, Santa Barbara
Applying the Explicit Aggregation Algorithm to Discrete Choice Economies: With an Application to Estimating the Aggregate Technology Shock Process
Presented by: Takeki Sunakawa, IMES, Bank of Japan
Skill-Biased Technical Change and the Cost of Higher Education
Presented by: Fang Yang, State University of New York - Albany
Session 42: Asset Composition
Session Chair: Joseph Steinberg, Univ of Minnesota
Date: November 11, 2012
Time: 10:30 - 12:15
Location: KOBL S127 -- Leeds School
Leveraging the Capital Stock: Asset Securitization and External Borrowing
Presented by: Jason Rastovski, University of Notre Dame
Do Intangible Assets Aggravate Financial Market Imperfections?
Presented by: Sophia Chen, University of Michigan
Noisy financial information and misallocation
[slides]
Presented by: Joseph Steinberg, Univ of Minnesota

This program was last updated on 2012-11-07 13:30:50 EDT