Midwest Macro Meetings Spring 2016

Purdue University (West Lafayette, Indiana)

 
May 20, 2016
 
13:00 to 14:00Registration, Rawls 1st Floor Atrium
 
 
14:00 to 15:30Session 1, Rawls 2nd and 3rd floors
 
 
15:30 to 16:00Coffee break, Krannert Drawing Room
 
 
16:00 to 17:30Session 2, Rawls 2nd and 3rd floors
 
 
17:45 to 18:45Plenary talk: Sergio Rebelo "Trading Down and the Business Cycle", Stewart Center, Fowler Hall
 
 
19:00 to 21:00Happy Hour, 308 on State, 308 W. State Street, West Lafayette, IN 47906
 
 
 
May 21, 2016
 
07:30 to 08:30Breakfast, Krannert Drawing Room
 
 
08:30 to 10:00Session 3, Rawls 2nd and 3rd floors
 
 
10:00 to 10:30Coffee break, Krannert Drawing Room
 
 
10:30 to 12:00Session 4, Rawls 2nd and 3rd floors
 
 
12:00 to 13:00Lunch, Krannert Drawing Room
 
 
13:00 to 15:00Session 5, Rawls 2nd and 3rd floors
 
 
15:00 to 15:30Coffee break, Krannert Drawing Room
 
 
15:30 to 17:30Session 6, Rawls 2nd and 3rd floors
 
 
17:45 to 18:45Plenary talk: Randy Wright "Money and Credit: Theory and Applications", Stewart Center, Fowler Hall
 
 
19:00 to 21:00Conference Dinner, Purdue Memorial Union South Ballroom (1st floor)
 
 
21:00 to 23:30Concert featuring "The Contractions", Lafayette Brewing Company Beer Hall (2nd floor), 622 Main Street, Lafayette, IN 47901
 
 
 
May 22, 2016
 
07:30 to 08:30Breakfast, Krannert Drawing Room
 
 
08:30 to 10:00Session 7, Rawls 2nd and 3rd floors
 
 
10:00 to 10:30Coffee break, Krannert Drawing Room
 
 
10:30 to 12:00Session 8, Rawls 2nd and 3rd floors
 
 

 

Program Notes and Index of Sessions

Session 1
Rawls 2nd and 3rd floors
May 20, 2016 14:00 to 15:30
 
Banking, Rawls 3082
Money and banking, Rawls 3058
Public debt, Rawls 2082
Trade I, Rawls 2058

Session 2
Rawls 2nd and 3rd floors
May 20, 2016 16:00 to 17:30
 
Exchange rates, Rawls 2082
Housing, Rawls 3082
Monetary policy transmission, Rawls 3058
Tax and inequality, Rawls 2058

Plenary talk: Sergio Rebelo "Trading Down and the Business Cycle"
Stewart Center, Fowler Hall
May 20, 2016 17:45 to 18:45
 
Sergio Rebelo (Northwestern University): Tokai Bank Distinguished Professor of International Finance, Kellogg School of Management, Northwestern University

Session 3
Rawls 2nd and 3rd floors
May 21, 2016 08:30 to 10:00
 
Credit constraints, Rawls 2082
Monetary policy, Rawls 3082
Taxes, Rawls 2058
Trade II, Rawls 3058

Session 4
Rawls 2nd and 3rd floors
May 21, 2016 10:30 to 12:00
 
Firms, Rawls 3058
International trade and credit, Rawls 3082
Neighborhood effects, Rawls 2058
Private information and asset markets, Rawls 2082

Session 5
Rawls 2nd and 3rd floors
May 21, 2016 13:00 to 15:00
 
Fiscal theory and policy, Rawls 2058
Health, Rawls 3058
New Keynesian models, Rawls 2082
Search and liquidity, Rawls 3082

Session 6
Rawls 2nd and 3rd floors
May 21, 2016 15:30 to 17:30
 
Collateral, Rawls 3058
Experiments, Rawls 2058
Learning, Rawls 2077
Macrofinance, Rawls 3082
Retirement and pensions, Rawls 2082

Plenary talk: Randy Wright "Money and Credit: Theory and Applications"
Stewart Center, Fowler Hall
May 21, 2016 17:45 to 18:45
 
Randy Wright (Wisconsin-Madison): Ray Zemon Professor of Liquid Assets, University of Wisconsin-Madison Department of Finance, Investment, and Banking, and Department of Economics

Session 7
Rawls 2nd and 3rd floors
May 22, 2016 08:30 to 10:00
 
Firm demand for labor, Rawls 2082
Labor market dynamics, Rawls 2077
Optimal monetary policy in a New Keynesian setting, Rawls 2058
Sovereign debt, Rawls 3058
Welfare, Rawls 3082

Session 8
Rawls 2nd and 3rd floors
May 22, 2016 10:30 to 12:00
 
Development: Global income differences, Rawls 2058
Inequality, Rawls 2082
Job search and unemployment, Rawls 3058
Trade and prices, Rawls 2077
Unemployment and credit, Rawls 3082

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapersOrganizer
1May 20, 2016
14:00-15:30
Rawls 3082 contributed Banking3Trevor Gallen
2May 20, 2016
14:00-15:30
Rawls 3058 contributed Money and banking3Cathy Zhang
3May 20, 2016
14:00-15:30
Rawls 2082 contributed Public debt3Soojin Kim
4May 20, 2016
14:00-15:30
Rawls 2058 contributed Trade I3Matthew Hoelle
5May 20, 2016
16:00-17:30
Rawls 2082 contributed Exchange rates3Matthew Hoelle
6May 20, 2016
16:00-17:30
Rawls 3082 contributed Housing3Soojin Kim
7May 20, 2016
16:00-17:30
Rawls 3058 contributed Monetary policy transmission3Cathy Zhang
8May 20, 2016
16:00-17:30
Rawls 2058 contributed Tax and inequality3Trevor Gallen
9May 21, 2016
8:30-10:00
Rawls 2082 contributed Credit constraints3Soojin Kim
10May 21, 2016
8:30-10:00
Rawls 3082 contributed Monetary policy3Cathy Zhang
11May 21, 2016
8:30-10:00
Rawls 2058 contributed Taxes3Trevor Gallen
12May 21, 2016
8:30-10:00
Rawls 3058 contributed Trade II3Matthew Hoelle
13May 21, 2016
10:30-12:00
Rawls 3058 contributed Firms3Soojin Kim
14May 21, 2016
10:30-12:00
Rawls 3082 contributed International trade and credit3Trevor Gallen
15May 21, 2016
10:30-12:00
Rawls 2058 contributed Neighborhood effects3Cathy Zhang
16May 21, 2016
10:30-12:00
Rawls 2082 contributed Private information and asset markets3Matthew Hoelle
17May 21, 2016
13:00-15:00
Rawls 2058 contributed Fiscal theory and policy4Trevor Gallen
18May 21, 2016
13:00-15:00
Rawls 3058 contributed Health4Soojin Kim
19May 21, 2016
13:00-15:00
Rawls 2082 contributed New Keynesian models4Matthew Hoelle
20May 21, 2016
13:00-15:00
Rawls 3082 contributed Search and liquidity4Cathy Zhang
21May 21, 2016
15:30-17:30
Rawls 3058 contributed Collateral4Matthew Hoelle
22May 21, 2016
15:30-17:30
Rawls 2058 contributed Experiments4Cathy Zhang
23May 21, 2016
15:30-17:30
Rawls 2077 contributed Learning4Matthew Hoelle
24May 21, 2016
15:30-17:30
Rawls 3082 contributed Macrofinance4Trevor Gallen
25May 21, 2016
15:30-17:30
Rawls 2082 contributed Retirement and pensions4Soojin Kim
26May 22, 2016
8:30-10:00
Rawls 2082 contributed Firm demand for labor3Matthew Hoelle
27May 22, 2016
8:30-10:00
Rawls 2077 contributed Labor market dynamics3Trevor Gallen
28May 22, 2016
8:30-10:00
Rawls 2058 contributed Optimal monetary policy in a New Keynesian setting3Matthew Hoelle
29May 22, 2016
8:30-10:00
Rawls 3058 contributed Sovereign debt3Cathy Zhang
30May 22, 2016
8:30-10:00
Rawls 3082 contributed Welfare3Soojin Kim
31May 22, 2016
10:30-12:00
Rawls 2058 contributed Development: Global income differences3Matthew Hoelle
32May 22, 2016
10:30-12:00
Rawls 2082 contributed Inequality3Soojin Kim
33May 22, 2016
10:30-12:00
Rawls 3058 contributed Job search and unemployment3Cathy Zhang
34May 22, 2016
10:30-12:00
Rawls 2077 contributed Trade and prices3Trevor Gallen
35May 22, 2016
10:30-12:00
Rawls 3082 contributed Unemployment and credit3Matthew Hoelle
 

35 sessions, 114 papers, and 0 presentations with no associated papers


 

Midwest Macro Meetings Spring 2016

Detailed List of Sessions

 
Session 1: Banking
May 20, 2016 14:00 to 15:30
Rawls 3082
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Christoffer Koch, Federal Reserve Bank of Dallas
Session type: contributed
 

The Mortgage Credit Channel of Macroeconomic Transmission
By Daniel Greenwald; New York University
   presented by: Daniel Greenwald, New York University
 

Macroeconomic Effects of Fluctuations in the Productivity of Banking
By Majid Bazarbash; Carnegie Mellon University
   presented by: Majid Bazarbash, Carnegie Mellon University
 

Why are Big Banks Getting Bigger?
By Ricardo Fernholz; Claremont McKenna College
Christoffer Koch; Federal Reserve Bank of Dallas
   presented by: Christoffer Koch, Federal Reserve Bank of Dallas
 
Session 2: Money and banking
May 20, 2016 14:00 to 15:30
Rawls 3058
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Daniel Sanches, Federal Reserve Bank of Philadelphia
Session type: contributed
 

On the Number and Size of Banks: Efficiency and Equilibrium
By Kui Huang; UW Madison
   presented by: Kui Huang, UW Madison
 

Limited commitment and the demand for money
By Aleksander Berentsen; University of Basel
Samuel Huber; University of Basel
Alessandro Marchesiani; University of Liverpool
   presented by: Alessandro Marchesiani, University of Liverpool
 

Currency Competition
By Daniel Sanches; Federal Reserve Bank of Philadelphia
Jesus Fernandez-Villaverde; University of Pennsylvania
   presented by: Daniel Sanches, Federal Reserve Bank of Philadelphia
 
Session 3: Public debt
May 20, 2016 14:00 to 15:30
Rawls 2082
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Erick Sager, Bureau of Labor Statistics
Session type: contributed
 

Infrastructure and the Optimal Level of Public Debt
By Santanu Chatterjee; University of Georgia
John Gibson; Georgia State University
Felix Rioja; Georgia State University
   presented by: John Gibson, Georgia State University
 

Male Labor Supply and Generational Fiscal Policy
By Christian vom Lehn; Brigham Young University
Aspen Gorry; Utah State University
Eric Fisher; California Polytechnic State University
   presented by: Christian vom Lehn, Brigham Young University
 

Public Debt with Life Cycle Motives
By William Peterman; Federal Reserve Board of Governors
Erick Sager; Bureau of Labor Statistics
   presented by: Erick Sager, Bureau of Labor Statistics
 
Session 4: Trade I
May 20, 2016 14:00 to 15:30
Rawls 2058
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Volodymyr Lugovskyy, Indiana University
Session type: contributed
 

Eating Up Productivity: Social Insurance Barriers to Structural Change
By Leandro de Magalhaes
Dongya Koh; University of Arkansas
Raul Santaeulalia; Washington University St. Louis
Yu Zheng; City University of Hong Kong
   presented by: Dongya Koh, University of Arkansas
 

Accounting for the International Quantity-Quality Trade-off
By Juan Cordoba; Iowa State University
Xiying Liu; Economics and Management School of Wuhan University
Marla Ripoll; University of Pittsburgh
   presented by: Juan Cordoba, Iowa State University
 

Technology, Trade, and Quality Slopes
By Adina Ardelean; Santa Clara University
Volodymyr Lugovskyy; Indiana University
   presented by: Volodymyr Lugovskyy, Indiana University
 
Session 5: Exchange rates
May 20, 2016 16:00 to 17:30
Rawls 2082
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Nils Mattis Gornemann, International Finance Board of Governors
Session type: contributed
 

Why Are Exchange Rates So Smooth? A Segmented Asset Markets Explanation
By YiLi Chien; Federal Reserve Bank of St. Louis
Hanno Lustig; Stanford GSB
Kanda Naknoi; University of Connecticut
   presented by: YiLi Chien, Federal Reserve Bank of St. Louis
 

Information Frictions and Real Exchange Rate Dynamics
By Giacomo Candian; Boston College
   presented by: Giacomo Candian, Boston College
 

Endogenous Productivity, Exchange Rates, and Sudden Stops
By Nils Mattis Gornemann; International Finance Board of Governors
   presented by: Nils Mattis Gornemann, International Finance Board of Governors
 
Session 6: Housing
May 20, 2016 16:00 to 17:30
Rawls 3082
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Yu Zhu, Bank of Canada
Session type: contributed
 

Should Monetary Policy Lean Against Housing Market Booms?
By Sami Alpanda; University of Central Florida
Alexander Ueberfeldt; Bank of Canada
   presented by: Sami Alpanda, University of Central Florida
 

Housing Price Expectations and Subprime Lending: The Incremental Role of Securitization
By Guodong Chen; University of Michigan, Ann Arbor
   presented by: Guodong Chen, University of Michigan, Ann Arbor
 

Housing Price Rigidity
By Randall Wright; University of Wisconsin
Yu Zhu; Bank of Canada
   presented by: Yu Zhu, Bank of Canada
 
Session 7: Monetary policy transmission
May 20, 2016 16:00 to 17:30
Rawls 3058
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Cathy Zhang, Purdue University
Session type: contributed
 

The Effects of Monetary Policy (and Other) Announcements
By Chao Gu; University of Missouri
Han Han; University of Wisconsin-Madison
Randall Wright; University of Wisconsin
   presented by: Chao Gu, University of Missouri
 

Monetary Policy and Unemployment: A Tale of Two Channels
By Ayushi Bajaj; University of California, Irvine
   presented by: Ayushi Bajaj, University of California, Irvine
 

Corporate Finance and Monetary Policy
By Guillaume Rocheteau; University of California, Irvine
Randall Wright; University of Wisconsin
Cathy Zhang; Purdue University
   presented by: Cathy Zhang, Purdue University
 
Session 8: Tax and inequality
May 20, 2016 16:00 to 17:30
Rawls 2058
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Erin Wolcott, University of California, San Diego
Session type: contributed
 

Taxes and the Gender Gap in Employment and Wages
By Lei Fang; Federal Reserve Bank of Atlanta
   presented by: Lei Fang, Federal Reserve Bank of Atlanta
 

Are Income Differences Driven By Talent Or Tastes? Implications For Redistributive Taxation
By Ian Fillmore; W.E. Upjohn Institute for Employment Research
Trevor Gallen; Purdue University
   presented by: Ian Fillmore, W.E. Upjohn Institute for Employment Research
 

The Secular Rise of Skill Mismatch
By Erin Wolcott; University of California, San Diego
   presented by: Erin Wolcott, University of California, San Diego
 
Session 9: Credit constraints
May 21, 2016 8:30 to 10:00
Rawls 2082
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Matthew Hoelle, Purdue University
Session type: contributed
 

Macroprudential Regulation, Credit Spreads and the Role of Monetary Policy
By William Tayler; Lancaster University
Roy Zilberman; Lancaster University
   presented by: Roy Zilberman, Lancaster University
 

Rating Credit: The Value of Unsecured Debt
By Grey Gordon; Indiana University
Fatih Karahan; Federal Reserve Bank of New York
Serdar Ozkan; University of Toronto
   presented by: Grey Gordon, Indiana University
 

The Role of Collateral in Enhancing Business Cycle Fluctuations
By Zhigang Feng; University of Illinois Urbana Champaign
Matthew Hoelle; Purdue University
   presented by: Matthew Hoelle, Purdue University
 
Session 10: Monetary policy
May 21, 2016 8:30 to 10:00
Rawls 3082
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Garth Baughman, Federal Reserve Board
Session type: contributed
 

Monetary Policy and Financial Stability
By David Andolfatto; Federal Reserve Bank of St. Louis
Aleksander Berentsen; University of Basel
Fernando Martin; Federal Reserve Bank of St. Louis
   presented by: Fernando Martin, Federal Reserve Bank of St. Louis
 

Monetary Policy, Heterogeneity, and the Housing Channel
By Aaron Hedlund; University of Missouri
Fatih Karahan; Federal Reserve Bank of New York
Kurt Mitman; Stockholm University
Serdar Ozkan; University of Toronto
   presented by: Fatih Karahan, Federal Reserve Bank of New York
 

Competitive Search in Money Markets and Implementation of Monetary Policy
By Garth Baughman; Federal Reserve Board
Francesca Carapella; Federal Reserve Board
   presented by: Garth Baughman, Federal Reserve Board
 
Session 11: Taxes
May 21, 2016 8:30 to 10:00
Rawls 2058
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: German Cubas, University of Houston
Session type: contributed
 

Optimal Taxation of Families
By Musab Kurnaz; Carnegie Mellon University
   presented by: Musab Kurnaz, Carnegie Mellon University
 

Consumption Taxes and Divisibility of Labor under Incomplete Markets
By Tomoyuki Nakajima; Kyoto University
Shuhei Takahashi; Kyoto University
   presented by: Shuhei Takahashi, Kyoto University
 

Progressive Taxation and Risky Career Choices
By German Cubas; University of Houston
Pedro Silos; Temple University
   presented by: German Cubas, University of Houston
 
Session 12: Trade II
May 21, 2016 8:30 to 10:00
Rawls 3058
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Michael Sposi, Federal Reserve Bank of Dallas
Session type: contributed
 

Trade, Relative Prices, and the Canadian Great Depression
By Pedro Amaral; Federal Reserve Bank of Cleveland
James MacGee; University of Western Ontario
   presented by: Pedro Amaral, Federal Reserve Bank of Cleveland
 

Evolution of the Gender Wage Gap: Trade Shocks and Sectoral Mobility
By Masha Brussevich; Purdue University
   presented by: Masha Brussevich, Purdue University
 

Capital Accumulation and the Welfare Gains from Trade
By B Ravikumar; Federal Reserve Bank of St Louis
Ana Maria Santacreu; St. Louis Fed
Michael Sposi; Federal Reserve Bank of Dallas
   presented by: Michael Sposi, Federal Reserve Bank of Dallas
 
Session 13: Firms
May 21, 2016 10:30 to 12:00
Rawls 3058
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: David Ratner, Federal Reserve Board
Session type: contributed
 

Policy Effects of International Taxation on Firm Dynamics and Capital Structure
By Adam Spencer; University of Wisconsin -- Madison
   presented by: Adam Spencer, University of Wisconsin -- Madison
 

Firms’ Financing Opportunities, their Cyclicality, and the Role of Monetary Policy
By Salem Abo-Zaid; Texas Tech University
Anastasia Zervou; Texas A&M University
   presented by: Salem Abo-Zaid, Texas Tech University
 

Vacancy Chains
By Michael Elsby; University of Edinburgh
Ryan Michaels; Federal Reserve Bank of Philadelphia
David Ratner; Federal Reserve Board
   presented by: David Ratner, Federal Reserve Board
 
Session 14: International trade and credit
May 21, 2016 10:30 to 12:00
Rawls 3082
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Julia Thomas, Ohio State University
Session type: contributed
 

Resolving International Macro Puzzles with Imperfect Risk Sharing and Global Solution Methods
By Jonathan Adams; University of Chicago
Philip Barrett; University of Chicago
   presented by: Jonathan Adams, University of Chicago
 

Non-Traded Goods and Capital Flows to Developing Countries
By Jacek Rothert; United States Naval Academy
Jacob Short; University of Western Ontario
   presented by: Jacek Rothert, United States Naval Academy
 

International Transmission of Credit Shocks in an Equilibrium Model with Production Heterogeneity
By Yuko Imura; Bank of Canada
Julia Thomas; Ohio State University
   presented by: Julia Thomas, Ohio State University
 
Session 15: Neighborhood effects
May 21, 2016 10:30 to 12:00
Rawls 2058
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Morris Davis, Rutgers University
Session type: contributed
 

Neighborhood Dynamics and the Distribution of Opportunity
By Dionissi Aliprantis; Federal Reserve Bank of Cleveland
Daniel Carroll; Federal Reserve Bank of Cleveland
   presented by: Daniel Carroll, Federal Reserve Bank of Cleveland
 

Prejudice and Racial Matches in Employment
By Timothy Bond; Purdue University
Jee-Yeon K. Lehmann; Analysis Group
   presented by: Timothy Bond, Purdue University
 

Neighborhood Choices and Neighborhood Effects
By Morris Davis; Rutgers University
Jesse Gregory; University of Wisconsin
Daniel Hartley; Federal Reserve Bank of Chicago
Kegon Tan; University of Wisconsin-Madison
   presented by: Morris Davis, Rutgers University
 
Session 16: Private information and asset markets
May 21, 2016 10:30 to 12:00
Rawls 2082
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Zachary Stangebye, University of Notre Dame
Session type: contributed
 

Endogenous Information Asymmetry and Portfolio Bias in a Dynamic World
By Rosen Valchev; Boston College
   presented by: Rosen Valchev, Boston College
 

Dynamic Inefficiency in Decentralized Capital Markets
By Andre Kurmann; Drexel University
Stanislav Rabinovich; Amherst College
   presented by: Stanislav Rabinovich, Amherst College
 

Insurance Provision with a Finite Communication Channel
By Roc Armenter; Federal Reserve Bank of Philadelphia
Zachary Stangebye; University of Notre Dame
   presented by: Zachary Stangebye, University of Notre Dame
 
Session 17: Fiscal theory and policy
May 21, 2016 13:00 to 15:00
Rawls 2058
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Anna Kormilitsina, Southern Methodist University
Session type: contributed
 

Credit Constraints and the Government Spending Multiplier
By Salem Abo-Zaid; Texas Tech University
Ahmed Hashmiwu; Texas Tech University
   presented by: Salem Abo-Zaid, Texas Tech University
 

The Macroeconomic Effects of MicroSaving on the Unbanked
By Fan Liu; The University of Iowa
   presented by: Fan Liu, The University of Iowa
 

Aggregate Risk, Inside Money, and Bank Capital Requirements
By Jaevin Park; Washington University in St. Louis
   presented by: Jaevin Park, Washington University in St. Louis
 

A Test of Identification for Government Spending Shocks
By Anna Kormilitsina; Southern Methodist University
   presented by: Anna Kormilitsina, Southern Methodist University
 
Session 18: Health
May 21, 2016 13:00 to 15:00
Rawls 3058
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Serena Rhee, University of Hawaii Manoa
Session type: contributed
 

How a Regressive Subsidy to Employment-based Health Insurance Enhances Entrepreneurship and Improves Welfare
By Zhigang Feng; University of Illinois Urbana Champaign
   presented by: Zhigang Feng, University of Illinois Urbana Champaign
 

Early Childhood Health and Schooling Attainment Gaps Within and Across Countries
By Ray Miller; Harvard University
   presented by: Ray Miller, Harvard University
 

Wedges, Labor Market Behavior, and Health Care Insurance Coverage under the Affordable Care Act
By Trevor Gallen; Purdue University
Casey Mulligan; University of Chicago
   presented by: Trevor Gallen, Purdue University
 

Measuring the Effects of Employment Protection for the Disabled: Theory and Evidence from the Americans with Disabilities Act
By Soojin Kim; Purdue University
Serena Rhee; University of Hawaii Manoa
   presented by: Serena Rhee, University of Hawaii Manoa
 
Session 19: New Keynesian models
May 21, 2016 13:00 to 15:00
Rawls 2082
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Hiroatsu Tanaka, Federal Reserve Board
Session type: contributed
 

The Optimal Inflation Rate under Schumpeterian Growth
By Koki Oikawa; Waseda University
Kozo Ueda; Waseda University
   presented by: Koki Oikawa, Waseda University
 

Unemployment and Gross Credit Flows in a New Keynesian Framework
By David Florian Hoyle; University of California, Santa Cruz
Johanna Francis; Fordham University
   presented by: Johanna Francis, Fordham University
 

Nominal Rigidities and the Term Structures of Equity and Bond Returns
By Pierlauro Lopez; Banque de France
David Lopez-Salido; Federal Reserve Board
Francisco Vazquez-Grande; Federal Reserve Board
   presented by: Francisco Vazquez-Grande, Federal Reserve Board
 

Equilibrium Yield Curves and the Interest Rate Lower Bound
By Taisuke Nakata; Federal Reserve Board
Hiroatsu Tanaka; Federal Reserve Board
   presented by: Hiroatsu Tanaka, Federal Reserve Board
 
Session 20: Search and liquidity
May 21, 2016 13:00 to 15:00
Rawls 3082
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Mark Rempel, Bank of Canada
Session type: contributed
 

Directed Search toward Heterogeneously Informed Buyers
By Seyed Mohammadreza Davoodalhosseini; Bank of Canada
   presented by: Seyed Mohammadreza Davoodalhosseini, Bank of Canada
 

The Strategic Determination of the Supply of Liquid Assets
By Athanasios Geromichalos; UC Davis
Lucas Herrenbrueck; Simon Fraser University
   presented by: Lucas Herrenbrueck, Simon Fraser University
 

The Phillips curve in a matching model
By Tai-Wei Hu; Kellogg School of Management Department
niel Wallace
   presented by: Tai-Wei Hu, Kellogg School of Management Department
 

Intraday Trade Dynamics in Short-Term Funding Markets
By Mark Rempel; Bank of Canada
Francisco Rivadeneyra; Bank of Canada
   presented by: Mark Rempel, Bank of Canada
 
Session 21: Collateral
May 21, 2016 15:30 to 17:30
Rawls 3058
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Antonio Doblas-Madrid, Michigan State University
Session type: contributed
 

Optimal Policy in Collateral Constrained Economies
By Nina Biljanovska; International Monetary Fund
   presented by: Nina Biljanovska, International Monetary Fund
 

Arbitrage with Production, Collateral Constraint and Heterogeneous Belief
By Ally Quan Zhang; Swiss Finance Institute and University of Zurich
   presented by: Ally Quan Zhang, Swiss Finance Institute and University of Zurich
 

Market Power and Aggregate Efficiency in Financial Crises
By Fernando Giuliano; Central Bank of Chile
Gabriel Zaourak; UCLA
   presented by: Gabriel Zaourak, UCLA
 

Credit-Fuelled Bubbles
By Antonio Doblas-Madrid; Michigan State University
Kevin Lansing; Federal Reserve Bank of San Francisco
   presented by: Antonio Doblas-Madrid, Michigan State University
 
Session 22: Experiments
May 21, 2016 15:30 to 17:30
Rawls 2058
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Shuze Ding, Indiana University
Session type: contributed
 

Coordinating Expectations through Central Bank Projections
By Fatemeh Mokhtarzadeh; Simon Fraser University
Luba Petersen; Simon Fraser University
   presented by: Luba Petersen, Simon Fraser University
 

Monetary policies in the Lagos-Wright Model: Experimental Evidence
By John Duffy; University of California, Irvine
Daniela Puzzello; Indiana University
   presented by: Daniela Puzzello, Indiana University
 

Reference-Dependent Preferences and Optimal Stopping Decisions: a Laboratory Investigation of the Disposition E ffect
By Jacopo Magnani; Purdue University
   presented by: Jacopo Magnani, Purdue University
 

Cash versus Extra-credit incentives in Experimental Asset Markets
By Shuze Ding; Indiana University
Volodymyr Lugovskyy; Indiana University
Daniela Puzzello; Indiana University
Steven Tucker; University of Waikato
Arlington Williams; Indiana University
   presented by: Shuze Ding, Indiana University
 
Session 23: Learning
May 21, 2016 15:30 to 17:30
Rawls 2077
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Jun Nie, Federal Reserve Bank of Kansas City
Session type: contributed
 

Can Sticky Information Solve the Comovement Problem in a Two-Sector Model with Durable Goods?
By Tamon Takamura; Bank of Canada
Tomiyuki Kitamura; Bank of Japan]
   presented by: Tamon Takamura, Bank of Canada
 

The Business Cycles Implications of Fluctuating Long Run Expectations
By Daniel Tortorice; Brandeis University
   presented by: Daniel Tortorice, Brandeis University
 

Stable Sunspot Equilibria with Private Information
By Bruce McGough; University of Oregon
Ryuichi Nakagawa; Kansai University
   presented by: Ryuichi Nakagawa, Kansai University
 

What We Don’t Know Doesn’t Hurt Us: Rational Inattention and the Permanent Income Hypothesis in General Equilibrium
By Jun Nie; Federal Reserve Bank of Kansas City
   presented by: Jun Nie, Federal Reserve Bank of Kansas City
 
Session 24: Macrofinance
May 21, 2016 15:30 to 17:30
Rawls 3082
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Bong Geun Choi, University of Chicago
Session type: contributed
 

Asset Quality Dynamics
By Dean Corbae; University of Wisconsin
Erwan Quintin; University of Wisconsin Madison
   presented by: Erwan Quintin, University of Wisconsin Madison
 

Aggregate Volatility Risk and the Cross-Section of Equity Returns: The Role of Labor Heterogeneity
By Marcelo Ochoa; Federal Reserve Board of Governors
   presented by: Marcelo Ochoa, Federal Reserve Board of Governors
 

To Securitize or Not? An Agency Cost Perspective
By An Wang; University of Maryland
   presented by: An Wang, University of Maryland
 

What is the Social Trade-off of Securitization?: A Tale of Financial Innovation
By Bong Geun Choi; University of Chicago
   presented by: Bong Geun Choi, University of Chicago
 
Session 25: Retirement and pensions
May 21, 2016 15:30 to 17:30
Rawls 2082
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Soojin Kim, Purdue University
Session type: contributed
 

Portfolio Allocation over Life-Cycle with Multiple Late-in-Life Saving Motives
By Minjoon Lee; University of Michigan
   presented by: Minjoon Lee, University of Michigan
 

The Chinese Saving Rate: Productivity, Old-Age Support, and Demographics
By Ayse Imrohoroglu; usc
Kai Zhao; University of Connecticut
   presented by: Kai Zhao, University of Connecticut
 

Effect of Pension Plan Type on Retirement Behavior
By Neha Bairoliya; Harvard University
   presented by: Neha Bairoliya, Harvard University
 

Disability Insurance: Safety Net for the Unhealthy and Its Consequences on the Healthy
By Soojin Kim; Purdue University
Serena Rhee; University of Hawaii Manoa
   presented by: Soojin Kim, Purdue University
 
Session 26: Firm demand for labor
May 22, 2016 8:30 to 10:00
Rawls 2082
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Eliza Forsythe, University of Illinois
Session type: contributed
 

Part-time Employment and Firm-level Labor Demandover the Business Cycle
By Lawrence Warren; University of Iowa
   presented by: Lawrence Warren, University of Iowa
 

Churning, Firm inter-connectivity, and Labor Market Fluctuations
By Yang Yu; Duke University
   presented by: Yang Yu, Duke University
 

Why Don't Firms Hire Young Workers During Recessions?
By Eliza Forsythe; University of Illinois
   presented by: Eliza Forsythe, University of Illinois
 
Session 27: Labor market dynamics
May 22, 2016 8:30 to 10:00
Rawls 2077
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Ippei Shibata,
Session type: contributed
 

Household Wealth and Life-Cycle Wage Inequality
By Ben Griffy; University of California, Santa Barbara
   presented by: Ben Griffy, University of California, Santa Barbara
 

Real Wage Rigidity, Heterogeneity, and the Business Cycles
By Eunseong Ma; Texas A&M University
   presented by: Eunseong Ma, Texas A&M University
 

Labor Market Dynamics: A Hidden Markov Approach
By Ippei Shibata
   presented by: Ippei Shibata,
 
Session 28: Optimal monetary policy in a New Keynesian setting
May 22, 2016 8:30 to 10:00
Rawls 2058
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Wen Zhang, Boston College
Session type: contributed
 

A New Interpretation of Money Growth Targeting and the Monetarist Experiment
By John Keating; University of Kansas
Andrew Smith; Federal Reserve Bank of Kansas City
   presented by: John Keating, University of Kansas
 

Optimal Monetary Policy Regime Switches
By Andrew Foerster; Federal Reserve Bank of Kansas City
   presented by: Andrew Foerster, Federal Reserve Bank of Kansas City
 

Globalization, Offshoring and Monetary Control
By Wen Zhang
   presented by: Wen Zhang, Boston College
 
Session 29: Sovereign debt
May 22, 2016 8:30 to 10:00
Rawls 3058
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Grace GU, UC Santa Cruz
Session type: contributed
 

Government Support and Bank Portfolio Choices: the Impact of the Sovereign Debt Crisis
By Marco Casiraghi; Bank of Italy
   presented by: Marco Casiraghi, Bank of Italy
 

What Ails Southern Europe?--A Quantitative Assessment of Financial Liberalization and Capital Reallocation
By Enrique Martinez-Garcia; Federal Reserve Bank of Dallas
Finn Kydland; University of California, Santa Barbara
Ayse Kabukcuoglu; Koc University
   presented by: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas
 

Sovereign Debt Pricing Under Costly Information
By Grace GU; UC Santa Cruz
Zachary Stangebye; University of Notre Dame
   presented by: Grace GU, UC Santa Cruz
 
Session 30: Welfare
May 22, 2016 8:30 to 10:00
Rawls 3082
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Aubhik Khan, Ohio State University
Session type: contributed
 

Volatility Risk and Economic Welfare
By Shaofeng Xu; Bank of Canada
   presented by: Shaofeng Xu, Bank of Canada
 

Beyond GDP: Is There a Law of One Shadow Price?
By Fabrice Murtin; LSE, CREST,OECD
Romina Boarini; OECD
Juan Cordoba; Iowa State University
Marla Ripoll; University of Pittsburgh
   presented by: Marla Ripoll, University of Pittsburgh
 

Aggregate Fluctuations in a Quantitative Overlapping Generations Economy with Unemployment Risk
By Aubhik Khan; Ohio State University
   presented by: Aubhik Khan, Ohio State University
 
Session 31: Development: Global income differences
May 22, 2016 10:30 to 12:00
Rawls 2058
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Shihui Ma, HUST
Session type: contributed
 

Capital Deepening, Technology Diffusion, and Agricultural Productivity
By Chaoran Chen; University of Toronto
   presented by: Chaoran Chen, University of Toronto
 

How Persistent and Pervasive are Regional Income Differences ? Evidence from a Worldwide Sample
By Areendam Chanda; Louisiana State University
   presented by: Areendam Chanda, Louisiana State University
 

Learning Your Earning over Business Cycles: Excess Consumption Volatility in Emerging Countries
By Shihui Ma; HUST
Zhen Huo; New York University
   presented by: Shihui Ma, HUST
 
Session 32: Inequality
May 22, 2016 10:30 to 12:00
Rawls 2082
 
Session Organizer: Soojin Kim, Purdue University
Session Chair: Heejeong Kim, Ohio State University
Session type: contributed
 

Earnings Inequality and the Minimum Wage: Evidence from Brazil
By Niklas Engbom; Princeton University
Christian Moser; Princeton University
   presented by: Christian Moser, Princeton University
 

Investment Opportunities and the Sources of Lifetime Inequality
By Kartik Athreya; Federal Reserve Bank of Richmond
Felicia Ionescu; Federal Reserve Board
Urvi Neelakantan; Federal Reserve Bank of Richmond
Ivan Vidangos; Federal Reserve Board
   presented by: Urvi Neelakantan, Federal Reserve Bank of Richmond
 

Skill Premia, Wage Risk, and the Distribution of Wealth
By Heejeong Kim; Ohio State University
   presented by: Heejeong Kim, Ohio State University
 
Session 33: Job search and unemployment
May 22, 2016 10:30 to 12:00
Rawls 3058
 
Session Organizer: Cathy Zhang, Purdue University
Session Chair: Jacklyn Buhrmann, Purdue University
Session type: contributed
 

Skill Accumulation in the Market and at Home
By Jean Flemming; University of Rome, Tor Vergata
   presented by: Jean Flemming, University of Rome, Tor Vergata
 

Full-Time and Part-Time Employment over the Business Cycle
By Andrew Compton; Purdue University
   presented by: Andrew Compton, Purdue University
 

Good Enough Jobs: Skill Mismatch and Two-Sided Heterogeneity in Frictional Labor Markets
By Jacklyn Buhrmann; Purdue University
   presented by: Jacklyn Buhrmann, Purdue University
 
Session 34: Trade and prices
May 22, 2016 10:30 to 12:00
Rawls 2077
 
Session Organizer: Trevor Gallen, Purdue University
Session Chair: Yana Gallen, Northwestern University
Session type: contributed
 

Regime Changes in the Terms of Trade
By Han Chen; Board of Governors of the Federal Reserv
Mariano Kulish; University of New South Wales
Federico Mandelman; Federal Reserve Bank of Atlanta
   presented by: Han Chen, Board of Governors of the Federal Reserv
 

Exchange Rate Pass-Through and Market Structure in a Multi-Country World
By Kanda Naknoi; University of Connecticut
   presented by: Kanda Naknoi, University of Connecticut
 

Understanding the Impact of Market Structure on Sticky Prices and Pass Through
By Martin Eichenbaum; Northwestern University
Yana Gallen; Northwestern University
Sergio Rebelo; Northwestern University
Palle Sorensen; Aarhus University
   presented by: Yana Gallen, Northwestern University
 
Session 35: Unemployment and credit
May 22, 2016 10:30 to 12:00
Rawls 3082
 
Session Organizer: Matthew Hoelle, Purdue University
Session Chair: Benjamin Tengelsen, Carnegie Mellon University
Session type: contributed
 

A Quantitative Theory of Time-Consistent Unemployment Insurance
By Yun Pei; University at Buffalo, SUNY
Zoe Xie; University of Minnesota
   presented by: Zoe Xie, University of Minnesota
 

Unemployment Dynamics with Endogenous Borrowing Constraints, Taste for Variety, and Firm Entry
By Mario Silva; University of California, Irvine
   presented by: Mario Silva, University of California, Irvine
 

Credit and Labor Market Frictions over the Business Cycle
By Nicolas Petrosky-Nadeau; FRB San Francisco
Benjamin Tengelsen; Carnegie Mellon University
Etienne Wasmer; Sciences-Po
   presented by: Benjamin Tengelsen, Carnegie Mellon University
 

35 sessions, 114 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Abo-Zaid, SalemP13, P17
2Adams, JonathanP14
3Alpanda, SamiP6
4Amaral, PedroP12
5Bairoliya, NehaP25
6Bajaj, AyushiP7
7Baughman, GarthC10, P10
8Bazarbash, MajidP1
9Biljanovska, NinaP21
10Bond, TimothyP15
11Brussevich, MashaP12
12Buhrmann, JacklynC33, P33
13Candian, GiacomoP5
14Carroll, DanielP15
15Casiraghi, MarcoP29
16Chanda, AreendamP31
17Chen, HanP34
18Chen, GuodongP6
19Chen, ChaoranP31
20Chien, YiLiP5
21Choi, Bong GeunC24, P24
22Compton, AndrewP33
23Cordoba, JuanP4
24Cubas, GermanC11, P11
25Davis, MorrisC15, P15
26Davoodalhosseini, Seyed MohammadrezaP20
27Ding, ShuzeP22, C22
28Doblas-Madrid, AntonioC21, P21
29Fang, LeiP8
30Feng, ZhigangP18
31Fillmore, IanP8
32Flemming, JeanP33
33Foerster, AndrewP28
34Forsythe, ElizaC26, P26
35Francis, JohannaP19
36Gallen, TrevorP18
37Gallen, YanaC34, P34
38Gibson, JohnP3
39Gordon, GreyP9
40Gornemann, Nils MattisC5, P5
41Greenwald, DanielP1
42Griffy, BenP27
43GU, GraceC29, P29
44Gu, ChaoP7
45Herrenbrueck, LucasP20
46Hoelle, MatthewC9, P9
47Hu, Tai-WeiP20
48Huang, KuiP2
49Karahan, FatihP10
50Keating, JohnP28
51Khan, AubhikC30, P30
52Kim, SoojinC25, P25
53Kim, HeejeongC32, P32
54Koch, ChristofferC1, P1
55Koh, DongyaP4
56Kormilitsina, AnnaC17, P17
57Kurnaz, MusabP11
58Lee, MinjoonP25
59Liu, FanP17
60Lugovskyy, VolodymyrC4, P4
61Ma, ShihuiP31, C31
62Ma, EunseongP27
63Magnani, JacopoP22
64Marchesiani, AlessandroP2
65Martin, FernandoP10
66Martinez-Garcia, EnriqueP29
67Miller, RayP18
68Moser, ChristianP32
69Nakagawa, RyuichiP23
70Naknoi, KandaP34
71Neelakantan, UrviP32
72Nie, JunC23, P23
73Ochoa, MarceloP24
74Oikawa, KokiP19
75Park, JaevinP17
76Petersen, LubaP22
77Puzzello, DanielaP22
78Quintin, ErwanP24
79Rabinovich, StanislavP16
80Ratner, DavidC13, P13
81Rempel, MarkC20, P20
82Rhee, SerenaC18, P18
83Ripoll, MarlaP30
84Rothert, JacekP14
85Sager, ErickC3, P3
86Sanches, DanielC2, P2
87Shibata, IppeiC27, P27
88Silva, MarioP35
89Spencer, AdamP13
90Sposi, MichaelC12, P12
91Stangebye, ZacharyC16, P16
92Takahashi, ShuheiP11
93Takamura, TamonP23
94Tanaka, HiroatsuC19, P19
95Tengelsen, BenjaminC35, P35
96Thomas, JuliaC14, P14
97Tortorice, DanielP23
98Valchev, RosenP16
99Vazquez-Grande, FranciscoP19
100vom Lehn, ChristianP3
101Wang, AnP24
102Warren, LawrenceP26
103Wolcott, ErinC8, P8
104Xie, ZoeP35
105Xu, ShaofengP30
106Yu, YangP26
107Zaourak, GabrielP21
108Zhang, CathyC7, P7
109Zhang, WenC28, P28
110Zhang, Ally QuanP21
111Zhao, KaiP25
112Zhu, YuC6, P6
113Zilberman, RoyP9

 

This program was last updated on 2016-05-22 06:54:23 EDT