Midwest Macro Meetings, Fall 2016

Federal Reserve Bank of Kansas City

 
November 4, 2016
 
12:00 to 13:00Registration
 
 
13:00 to 14:30Parallel Sessions 1
 
 
14:30 to 15:00Break
 
 
15:00 to 16:30Parallel Sessions 2
 
 
16:30 to 17:00Break
 
 
17:00 to 18:00Plenary - Dean Corbae
 
 
18:00 to 19:30Reception
 
 
 
November 5, 2016
 
08:00 to 08:30Breakfast
 
 
08:30 to 10:00Parallel Sessions 3
 
 
10:00 to 10:30Break
 
 
10:30 to 12:00Parallel Sessions 4
 
 
12:00 to 13:00Lunch
 
 
13:00 to 14:30Parallel Sessions 5
 
 
14:30 to 15:00Break
 
 
15:00 to 16:30Parallel Sessions 6
 
 
16:30 to 17:00Break
 
 
17:00 to 18:00Plenary - Harald Uhlig
 
 
18:00 to 20:00Conference Dinner
 
 
 
November 6, 2016
 
08:00 to 08:30Breakfast
 
 
08:30 to 10:00Parallel Sessions 7
 
 
10:00 to 10:30Break
 
 
10:30 to 12:00Parallel Sessions 8
 
 
12:00 to 13:00Lunch
 
 

 

Program Notes and Index of Sessions

Parallel Sessions 1
November 4, 2016 13:00 to 14:30
 
Model Uncertainty: Theory and Applications, Red River Valley
Sovereign Default I, Rocky Mountain
Heterogeneity and Labor, Chimney Rock
Labor and Fluctuations, Ozark
Monetary Policy and Asset Prices, Flint Hills

Parallel Sessions 2
November 4, 2016 15:00 to 16:30
 
Chinese Economy I, Rocky Mountain
Monetary Policy I, Flint Hills
Banking and Financial Services, Ozark
Income and Health, Chimney Rock
VARs and Identification, Red River Valley

Plenary - Dean Corbae
November 4, 2016 17:00 to 18:00

Parallel Sessions 3
November 5, 2016 08:30 to 10:00
 
International Trade I, Rocky Mountain
Fiscal Policy I, Flint Hills
Housing, Ozark
Business Cycles, Red River Valley
Search, Chimney Rock

Parallel Sessions 4
November 5, 2016 10:30 to 12:00
 
Sectors I, Red River Valley
Zero Lower Bound I, Flint Hills
Micro Foundations of Macro I, Chimney Rock
Empirical Macro, Ozark
Euro Area, Rocky Mountain

Parallel Sessions 5
November 5, 2016 13:00 to 14:30
 
Forward Guidance, Flint Hills
Micro Foundations of Macro II, Chimney Rock
Macroeconometrics, Red River Valley
Exchange Rates, Rocky Mountain
Labor and Capital, Ozark

Parallel Sessions 6
November 5, 2016 15:00 to 16:30
 
Linearity in DSGE Models, Red River Valley
Monetary Policy II, Flint Hills
Inequality, Chimney Rock
Labor and Demographics, Ozark
International Trade II, Rocky Mountain

Plenary - Harald Uhlig
November 5, 2016 17:00 to 18:00

Parallel Sessions 7
November 6, 2016 08:30 to 10:00
 
Learning and Information, Flint Hills
Sovereign Default II, Rocky Mountain
Sectors II, Red River Valley
Wages , Chimney Rock
Emerging Economies, Ozark

Parallel Sessions 8
November 6, 2016 10:30 to 12:00
 
Chinese Economy II, Rocky Mountain
Corporate Debt, Ozark
Fiscal Policy II, Red River Valley
Micro Foundations of Macro III, Chimney Rock
Monetary Policy III, Flint Hills

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapersOrganizer
1November 4, 2016
13:00-14:30
Red River Valley contributed Model Uncertainty: Theory and Applications3
2November 4, 2016
13:00-14:30
Rocky Mountain contributed Sovereign Default I3
3November 4, 2016
13:00-14:30
Chimney Rock contributed Heterogeneity and Labor3
4November 4, 2016
13:00-14:30
Ozark contributed Labor and Fluctuations2
5November 4, 2016
13:00-14:30
Flint Hills contributed Monetary Policy and Asset Prices3
6November 4, 2016
15:00-16:30
Rocky Mountain contributed Chinese Economy I3
7November 4, 2016
15:00-16:30
Flint Hills contributed Monetary Policy I3
8November 4, 2016
15:00-16:30
Ozark contributed Banking and Financial Services3
9November 4, 2016
15:00-16:30
Chimney Rock contributed Income and Health3
10November 4, 2016
15:00-16:30
Red River Valley contributed VARs and Identification3
11November 5, 2016
8:30-10:00
Rocky Mountain contributed International Trade I3
12November 5, 2016
8:30-10:00
Flint Hills contributed Fiscal Policy I3
13November 5, 2016
8:30-10:00
Ozark contributed Housing3
14November 5, 2016
8:30-10:00
Red River Valley contributed Business Cycles3
15November 5, 2016
8:30-10:00
Chimney Rock contributed Search3
16November 5, 2016
10:30-12:00
Red River Valley contributed Sectors I3
17November 5, 2016
10:30-12:00
Flint Hills contributed Zero Lower Bound I3
18November 5, 2016
10:30-12:00
Chimney Rock contributed Micro Foundations of Macro I3
19November 5, 2016
10:30-12:00
Ozark contributed Empirical Macro3
20November 5, 2016
10:30-12:00
Rocky Mountain contributed Euro Area3
21November 5, 2016
13:00-14:30
Flint Hills contributed Forward Guidance3
22November 5, 2016
13:00-14:30
Chimney Rock contributed Micro Foundations of Macro II3
23November 5, 2016
13:00-14:30
Red River Valley contributed Macroeconometrics3
24November 5, 2016
13:00-14:30
Rocky Mountain contributed Exchange Rates3
25November 5, 2016
13:00-14:30
Ozark contributed Labor and Capital3
26November 5, 2016
15:00-16:30
Red River Valley contributed Linearity in DSGE Models3
27November 5, 2016
15:00-16:30
Flint Hills contributed Monetary Policy II3
28November 5, 2016
15:00-16:30
Chimney Rock contributed Inequality3
29November 5, 2016
15:00-16:30
Ozark contributed Labor and Demographics3
30November 5, 2016
15:00-16:30
Rocky Mountain contributed International Trade II3
31November 6, 2016
8:30-10:00
Flint Hills contributed Learning and Information3
32November 6, 2016
8:30-10:00
Rocky Mountain contributed Sovereign Default II3
33November 6, 2016
8:30-10:00
Red River Valley contributed Sectors II2
34November 6, 2016
8:30-10:00
Chimney Rock contributed Wages 3
35November 6, 2016
8:30-10:00
Ozark contributed Emerging Economies3
36November 6, 2016
10:30-12:00
Rocky Mountain contributed Chinese Economy II2
37November 6, 2016
10:30-12:00
Ozark contributed Corporate Debt3
38November 6, 2016
10:30-12:00
Red River Valley contributed Fiscal Policy II3
39November 6, 2016
10:30-12:00
Chimney Rock contributed Micro Foundations of Macro III3
40November 6, 2016
10:30-12:00
Flint Hills contributed Monetary Policy III3
 

40 sessions, 117 papers, and 0 presentations with no associated papers


 

Midwest Macro Meetings, Fall 2016

Detailed List of Sessions

 
Session 1: Model Uncertainty: Theory and Applications
November 4, 2016 13:00 to 14:30
Red River Valley
 
Session Organizer: ,
Session Chair: Kenneth Kasa, Simon Fraser University
Session type: contributed
 

Robustness, Inventory Behavior, and the Production Smoothing Hypothesis
[slides]
By Yulei Luo; University of Hong Kong
Jun Nie; Federal Reserve Bank of Kansas City
Xiaowen Wang; University of Hong Kong
   presented by: Xiaowen Wang, University of Hong Kong
 

Robust Consumption and Energy Decisions
By Evan Anderson; Northern Illinois University
William Brock; University of Wisconsin, Madison
Alan Sanstad; Lawrence Berkeley National Laboratory
   presented by: Evan Anderson, Northern Illinois University
 

Risk, Uncertainty, and Inequality
By Kenneth Kasa; Simon Fraser University
Xiaowen Lei; Simon Fraser University
   presented by: Kenneth Kasa, Simon Fraser University
 
Session 2: Sovereign Default I
November 4, 2016 13:00 to 14:30
Rocky Mountain
 
Session Organizer: ,
Session Chair: Eugenio Rojas, University of Pennsylvania
Session type: contributed
 

Commodity Price Risk Management and Fiscal Policy in a Sovereign Default Model
By Bernabe Lopez-Martin; Bank of Mexico
   presented by: Bernabe Lopez-Martin, Bank of Mexico
 

Capital Accumulation, Fiscal Policy, and Sovereign Default Risk
By Siming Liu; Indiana University
Hewei Shen; Indiana University Bloomington
   presented by: Siming Liu, Indiana University
 

Understanding Sovereign Default Costs: The Role of Firm Heterogeneity
By Eugenio Rojas; University of Pennsylvania
   presented by: Eugenio Rojas, University of Pennsylvania
 
Session 3: Heterogeneity and Labor
November 4, 2016 13:00 to 14:30
Chimney Rock
 
Session Organizer: ,
Session Chair: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
Session type: contributed
 

Wealth Accumulation, On the Job Search, and Inequality
By Gaston Chaumont; Pennsylvania State University
   presented by: Gaston Chaumont, Pennsylvania State University
 

Heterogeneity in the Dynamics of Disaggregate Unemployment
By Hie Joo Ahn; Federal Reserve Board
   presented by: Hie Joo Ahn, Federal Reserve Board
 

Financial Frictions and Occupational Mobility
By Jose Mustre-del-Rio; Federal Reserve Bank of Kansas City
   presented by: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
 
Session 4: Labor and Fluctuations
November 4, 2016 13:00 to 14:30
Ozark
 
Session Organizer: ,
Session Chair: Zoe Xie, Federal Reserve Bank of Atlanta
Session type: contributed
 

Shopping and Aggregate Productivity
By Wing Ying Feng; Queen's University
   presented by: Wing Ying Feng, Queen's University
 

Government Commitment and Unemployment Insurance over the Business Cycle
By Zoe Xie; Federal Reserve Bank of Atlanta
Yun Pei; University at Buffalo, SUNY
   presented by: Zoe Xie, Federal Reserve Bank of Atlanta
 
Session 5: Monetary Policy and Asset Prices
November 4, 2016 13:00 to 14:30
Flint Hills
 
Session Organizer: ,
Session Chair: Taeyoung Doh, Economic Research Dept.
Session type: contributed
 

Fearing the Fed: Good News can be Bad and Bad News can be Worse
By Tzuo Hann Law; Boston College
Dongho Song; Boston College
Amir Yaron; University of Pennsylvania
   presented by: Dongho Song, Boston College
 

The Empirical Implications of the Interest-Rate Lower Bound
By Edward Herbst; Federal Reserve Board
   presented by: Edward Herbst, Federal Reserve Board
 

Equilibrium Term Structure of Bond and Equity Risk Premia
By Taeyoung Doh; Economic Research Dept.
   presented by: Taeyoung Doh, Economic Research Dept.
 
Session 6: Chinese Economy I
November 4, 2016 15:00 to 16:30
Rocky Mountain
 
Session Organizer: ,
Session Chair: Ping Wang, Washington University in St. Louis
Session type: contributed
 

Sterilized Intervention and Optimal Chinese Monetary Policy
By WUKUANG CUN; University of Southern California
   presented by: WUKUANG CUN, University of Southern California
 

Productivity Spillover Effects of Foreign Direct Investment: The Gravity of Intermediate Inputs
By Xiao Wang; University of North Dakota
   presented by: Xiao Wang, University of North Dakota
 

To Stay or to Migrate? The One-child Policy, Land Tenure Arrangement and Work-based Migration in China
By Pei-Ju Liao; Institute of Economics, Academia Sinica
Ping Wang; Washington University in St. Louis
Yin-Chi Wang; Chinese University of Hong Kong
Chong Yip; Chinese University of Hong Kong
   presented by: Ping Wang, Washington University in St. Louis
 
Session 7: Monetary Policy I
November 4, 2016 15:00 to 16:30
Flint Hills
 
Session Organizer: ,
Session Chair: Victoria Nuguer, Banco de México
Session type: contributed
 

Monetary Policy, Trend Inflation and Unemployment Volatility
By Sergio Lago Alves; Central Bank of Brazil
   presented by: Sergio Lago Alves, Central Bank of Brazil
 

Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve
By Yasufumi Gemma; Bank of Japan
Takushi Kurozumi; Bank of Japan
Mototsugu Shintani; Vanderbilt University
   presented by: Mototsugu Shintani, Vanderbilt University
 

When the Central Bank Meets the Financial Authority: Strategic Interactions and Institutional Design
By Julio Carrillo; Banco de Mexico
Enrique Mendoza; University of Pennsylvania
Victoria Nuguer; Banco de México
Jessica Roldan-Pena; Banco de Mexico
   presented by: Victoria Nuguer, Banco de México
 
Session 8: Banking and Financial Services
November 4, 2016 15:00 to 16:30
Ozark
 
Session Organizer: ,
Session Chair: Zhu Wang, Federal Reserve Bank of Richmond
Session type: contributed
 

What is the Social Trade-off of Securitization?: A Tale of Financial Innovation
[slides]
By Bong Geun Choi; University of Chicago
   presented by: Bong Geun Choi, University of Chicago
 

Dynamic Comovement Among Banks' Returns and Chargeoffs in the U.S.
By Pavel Kapinos; Federal Reserve Bank of Dallas
N. Kundan Kishor; University of Wisconsin-Milwaukee
Jun Ma; The University of Alabama
   presented by: Pavel Kapinos, Federal Reserve Bank of Dallas
 

Innovation, Deregulation, and the Life Cycle of a Financial Service Industry
By Zhu Wang; Federal Reserve Bank of Richmond
   presented by: Zhu Wang, Federal Reserve Bank of Richmond
 
Session 9: Income and Health
November 4, 2016 15:00 to 16:30
Chimney Rock
 
Session Organizer: ,
Session Chair: Didem Tuzemen, Federal Reserve Bank of Kansas City
Session type: contributed
 

Income Inequality, Medical Conditions, and Household Bankruptcy
By Youngsoo Jang; The Ohio State University
   presented by: Youngsoo Jang, The Ohio State University
 

Reducing medical spending of the publicly insured: the case for cash-out option
By Svetlana Pashchenko; University of Georgia
Ponpoje (Poe) Porapakkarm; GRIPS National Graduate Institute for Policy Studies Tokyo
   presented by: Svetlana Pashchenko, University of Georgia
 

Health Care Reform or Labor Market Reform? A Quantitative Analysis of the Affordable Care Act
By Didem Tuzemen; Federal Reserve Bank of Kansas City
   presented by: Didem Tuzemen, Federal Reserve Bank of Kansas City
 
Session 10: VARs and Identification
November 4, 2016 15:00 to 16:30
Red River Valley
 
Session Organizer: ,
Session Chair: John Keating, University of Kansas
Session type: contributed
 

Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks
By Christiane Baumeister; University of Notre Dame
James Hamilton; University of California San Diego
   presented by: Christiane Baumeister, University of Notre Dame
 

Validating Cholesky Identification in a DSGE Framework
By Anna Kormilitsina; Southern Methodist University
   presented by: Anna Kormilitsina, Southern Methodist University
 

Asymmetric Vector Autoregressive Moving Average Models
By John Keating; University of Kansas
   presented by: John Keating, University of Kansas
 
Session 11: International Trade I
November 5, 2016 8:30 to 10:00
Rocky Mountain
 
Session Organizer: ,
Session Chair: Joseph Steinberg, University of Toronto
Session type: contributed
 

The Dynamics of the U.S. Trade Balance and Real Exchange Rate: The J Curve and Trade Costs?
By George Alessandria; University of Rochester
Horag Choi; Monash University
   presented by: George Alessandria, University of Rochester
 

Offshore Profit Shifting and Domestic Productivity Measurement
By Fatih Guvenen; University of Minnesota
Raymond Mataloni; U.S. Department of Commerce
Dylan Rassier; Bureau of Economic Analysis
Kim Ruhl; Pennsylvania State University
   presented by: Kim Ruhl, Pennsylvania State University
 

Brexit and the Macroeconomic Impact of Trade Policy Uncertainty
By Joseph Steinberg; University of Toronto
   presented by: Joseph Steinberg, University of Toronto
 
Session 12: Fiscal Policy I
November 5, 2016 8:30 to 10:00
Flint Hills
 
Session Organizer: ,
Session Chair: Yuliya Demyanyk, Federal Reserve Bank of Cleveland
Session type: contributed
 

Did the American Recovery and Reinvestment Act Help Those Most in Need? A County-Level Analysis
By Mario Crucini; Vanderbilt University
Nam Vu; Miami University
   presented by: Nam Vu, Miami University
 

Using Exogenous Changes in Government Spending to estimate Fiscal Multiplier for Canada: Do we get more than we bargain for?
By Syed Hussain; Lahore University of Management Sciences
Lin Liu; University of Liverpool
   presented by: Syed Hussain, Lahore University of Management Sciences
 

Fiscal Stimulus and Consumer Debt
By Yuliya Demyanyk; Federal Reserve Bank of Cleveland
Elena Loutskina; University of Virginia
Daniel Murphy; University of Virginia
   presented by: Yuliya Demyanyk, Federal Reserve Bank of Cleveland
 
Session 13: Housing
November 5, 2016 8:30 to 10:00
Ozark
 
Session Organizer: ,
Session Chair: Jordan Rappaport, Federal Reserve Bank of Kansas City
Session type: contributed
 

Implications of local ties in spatial equilibrium
By Mike Zabek
   presented by: Mike Zabek,
 

Housing Wealth Reallocation between Subprime and Prime Borrowers During Recessions
By Ayse Sapci; Colgate University
Nam Vu; Miami University
   presented by: Ayse Sapci, Colgate University
 

Productivity, Congested Commuting, and Metro Size
By Jordan Rappaport; Federal Reserve Bank of Kansas City
   presented by: Jordan Rappaport, Federal Reserve Bank of Kansas City
 
Session 14: Business Cycles
November 5, 2016 8:30 to 10:00
Red River Valley
 
Session Organizer: ,
Session Chair: Richard Higgins, Colgate University
Session type: contributed
 

Risk, Uncertainty, and Financial Frictions
By Richard Higgins; Colgate University
   presented by: Richard Higgins, Colgate University
 

Are Supply Shocks Contractionary? Evidence from Utilization-Adjusted TFP Data?
By Julio Garin; University of Georgia
Robert Lester; Colby College
Eric Sims; University of Notre Dame
   presented by: Robert Lester, Colby College
 

Delayed Adjustment and Persistence in Macroeconomic Models
[slides]
By Marija Vukotic; University of Warwick
   presented by: Marija Vukotic, University of Warwick
 
Session 15: Search
November 5, 2016 8:30 to 10:00
Chimney Rock
 
Session Organizer: ,
Session Chair: Benjamin Villena-Roldan, University of Chile
Session type: contributed
 

Do Workers Direct their Search?
By Christine Braun; University of California Santa Barbara
Bryan Engelhardt; University of Wisconsin - Oshkosh
Ben Griffy; University of California, Santa Barbara
Peter Rupert; University of California, Santa Barbara
   presented by: Ben Griffy, University of California, Santa Barbara
 

Cautious Hiring
By Kai Ding; University of Minnesota
Enoch Hill; Wheaton College
   presented by: Kai Ding, University of Minnesota
 

Sorting on-line and on-time
By Stefano Banfi; Central Bank of Chile
Sekyu Choi; University of Bristol
Benjamin Villena-Roldan; University of Chile
   presented by: Benjamin Villena-Roldan, University of Chile
 
Session 16: Sectors I
November 5, 2016 10:30 to 12:00
Red River Valley
 
Session Organizer: ,
Session Chair: Daniel Soques, University of North Carolina at Wilmington
Session type: contributed
 

Sectoral Connectivity, Volatility, and Downturns: Lessons From Cross-Country Data
By Jorge Miranda-Pinto; University of Virginia
   presented by: Jorge Miranda-Pinto, University of Virginia
 

Dominant Sectors in the US: A Factor Model Analysis of Sectoral Industrial Production
By Soroosh Soofi Siavash; Goethe University Frankfurt
   presented by: Soroosh Soofi Siavash, Goethe University Frankfurt
 

Business Cycle Comovements in Industrial Subsectors
[slides]
By Michael Owyang; Federal Reserve Bank of St Louis
Daniel Soques; University of North Carolina at Wilmington
   presented by: Daniel Soques, University of North Carolina at Wilmington
 
Session 17: Zero Lower Bound I
November 5, 2016 10:30 to 12:00
Flint Hills
 
Session Organizer: ,
Session Chair: Nathaniel Throckmorton, College of William & Mary
Session type: contributed
 

Returning to Active Policy: Monetary Policy in after the ZLB
By Jonathan Wolff; Miami University
Nam Vu; Miami University
   presented by: Jonathan Wolff, Miami University
 

Conservatism and Liquidity Traps
By Taisuke Nakata; Federal Reserve Board
Sebastian Schmidt; European Central Bank
   presented by: Sebastian Schmidt, European Central Bank
 

The Zero Lower Bound and Endogenous Uncertainty
By Michael Plante; Federal Reserve Bank of Dallas
Alexander Richter; Federal Reserve Bank of Dallas
Nathaniel Throckmorton; College of William & Mary
   presented by: Nathaniel Throckmorton, College of William & Mary
 
Session 18: Micro Foundations of Macro I
November 5, 2016 10:30 to 12:00
Chimney Rock
 
Session Organizer: ,
Session Chair: Jason Faberman, Federal Reserve Bank of Chicago
Session type: contributed
 

Job Ladders and Growth in Earnings, Hours, and Wages: 1994-2014
By Joyce Hahn; Abt Associates
Henry Hyatt; US Census Bureau
Hubert Janicki; U.S. Census Bureau
   presented by: Henry Hyatt, US Census Bureau
 

Downward Wage Rigidity in the United States: New Evidence from Worker-Firm Linked Data
By Andre Kurmann; Drexel University
Erika McEntarfer; US Census Bureau
James Spletzer; U.S. Census Bureau
   presented by: Andre Kurmann, Drexel University
 

Job Search Behavior among the Employed and Non-Employed
By Jason Faberman; Federal Reserve Bank of Chicago
Andreas Mueller; Columbia University
Aysegul Sahin; Federal Reserve Bank of New York
Giorgio Topa; Federal Reserve Bank of New York
   presented by: Jason Faberman, Federal Reserve Bank of Chicago
 
Session 19: Empirical Macro
November 5, 2016 10:30 to 12:00
Ozark
 
Session Organizer: ,
Session Chair: John Gibson, Georgia State University
Session type: contributed
 

Crime and the Minimum Wage
By Christine Braun; University of California Santa Barbara
   presented by: Christine Braun, University of California Santa Barbara
 

The Effect of Consumer Sentiment on Consumption: Cross-Sectional Evidence from Elections
By Christian Gillitzer; Reserve Bank of Australia
Nalini Prasad; The University of NSW
   presented by: Nalini Prasad, The University of NSW
 

The Welfare Effects of Infrastructure Investment in a Heterogeneous Agents Economy
By John Gibson; Georgia State University
Felix Rioja; Georgia State University
   presented by: John Gibson, Georgia State University
 
Session 20: Euro Area
November 5, 2016 10:30 to 12:00
Rocky Mountain
 
Session Organizer: ,
Session Chair: Nikhil Damodaran, Lousiana State University
Session type: contributed
 

Same Spain, Less Pain?
By Patricia Gomez; Fordham University
   presented by: Patricia Gomez, Fordham University
 

Fiscal Spillovers in the Euro Area: Sign, Size and Determinants
By Josef Hollmayr; Deutsche Bundesbank
Georgios Georgiadis; European Central Bank
   presented by: Josef Hollmayr, Deutsche Bundesbank
 

Fiscal Policy and Trade in a Currency Union
By Nikhil Damodaran; Lousiana State University
   presented by: Nikhil Damodaran, Lousiana State University
 
Session 21: Forward Guidance
November 5, 2016 13:00 to 14:30
Flint Hills
 
Session Organizer: ,
Session Chair: Brent Bundick, Federal Reserve Bank of Kansas City
Session type: contributed
 

The Effectiveness of Central Bank Forward Guidance under Inflation and Price-Level Targeting
By Stephen Cole; Marquette University
   presented by: Stephen Cole, Marquette University
 

Decomposing the Effects of Monetary Policy using an External Instruments SVAR
By Aeimit Lakdawala; Michigan State University
   presented by: Aeimit Lakdawala, Michigan State University
 

The Dynamic Effects of Forward Guidance Shocks
By Brent Bundick; Federal Reserve Bank of Kansas City
   presented by: Brent Bundick, Federal Reserve Bank of Kansas City
 
Session 22: Micro Foundations of Macro II
November 5, 2016 13:00 to 14:30
Chimney Rock
 
Session Organizer: ,
Session Chair: Jonathan Willis, Federal Reserve Bank of Kansas City
Session type: contributed
 

Assortative Matching and Household Income Inequality: A Structural Approach
By Laura Pilossoph; Federal Reserve Bank of New York
   presented by: Laura Pilossoph, Federal Reserve Bank of New York
 

Vacancy chains
By Michael Elsby; University of Edinburgh
Ryan Michaels; Federal Reserve Bank of Philadelphia
David Ratner; Board of Governors of the Federal Reserve System
   presented by: Ryan Michaels, Federal Reserve Bank of Philadelphia
 

Declining Dynamism at the Establishment Level
By Jonathan Willis; Federal Reserve Bank of Kansas City
   presented by: Jonathan Willis, Federal Reserve Bank of Kansas City
 
Session 23: Macroeconometrics
November 5, 2016 13:00 to 14:30
Red River Valley
 
Session Organizer: ,
Session Chair: Molin Zhong, Federal Reserve Board of Governors
Session type: contributed
 

Mood Swings and Business Cycles: Evidence from Sign Restrictions
By Jian Wang; Chinese University of Hong Kong (Shenzhen)
   presented by: Jian Wang, Chinese University of Hong Kong (Shenzhen)
 

Learning from History: Volatility and Financial Crises
By Jon Danielsson; London School of Economics
Marcela Valenzuela; University of Chile, DII
Ilknur Zer; Federal Reserve Board
   presented by: Ilknur Zer, Federal Reserve Board
 

Macroeconomic Forecasting in Times of Crises
By Pablo Guerron-Quintana; Federal Reserve Bank of Philadelphia
Molin Zhong; Federal Reserve Board of Governors
   presented by: Molin Zhong, Federal Reserve Board of Governors
 
Session 24: Exchange Rates
November 5, 2016 13:00 to 14:30
Rocky Mountain
 
Session Organizer: ,
Session Chair: Nils Mattis Gornemann, International Finance Board of Governors
Session type: contributed
 

Exchange Rate and Endogenous Productivity
By Nils Mattis Gornemann; International Finance Board of Governors
   presented by: Nils Mattis Gornemann, International Finance Board of Governors
 

Capital Control, Exchange Rate Regime and Monetary Policy: Indeterminacy and Bifurcation
By Jingxian Hu
William Barnett; University of Kansas and Center for Financial Stability
   presented by: Jingxian Hu,
 

Real Exchange Rate and External Balances: How Important Are Price Deflators?
By JaeBin Ahn; International Monetary Fund
Rui Mano; IMF
Jing Zhou; Columbia University
   presented by: Jing Zhou, Columbia University
 
Session 25: Labor and Capital
November 5, 2016 13:00 to 14:30
Ozark
 
Session Organizer: ,
Session Chair: Liang Wang, University of Hawaii Manoa
Session type: contributed
 

Explaining Job Polarization: The Role of Heterogeneity in Capital Intensity
By Wan-Jung Cheng; Washington University in St. Louis
   presented by: Wan-Jung Cheng, Washington University in St. Louis
 

Reallocation of Intangible Capital and Secular Stagnation
By Andrea Caggese; Pompeu Fabra University
Ander Perez-Orive; Federal Reserve Board
   presented by: Ander Perez-Orive, Federal Reserve Board
 

Capital Pledgeability, In‡flation and Unemployment
By Liang Wang; University of Hawaii Manoa
Chao Gu; University of Missouri
Janet Hua Jiang; Bank of Canada
   presented by: Liang Wang, University of Hawaii Manoa
 
Session 26: Linearity in DSGE Models
November 5, 2016 15:00 to 16:30
Red River Valley
 
Session Organizer: ,
Session Chair: Alexander Richter, Federal Reserve Bank of Dallas
Session type: contributed
 

Parameter Bias in an Estimated DSGE Model: Does Nonlinearity Matter?
By Yasuo Hirose; Keio University
Takeki Sunakawa; University of Tokyo Graduate School of Public Policy
   presented by: Takeki Sunakawa, University of Tokyo Graduate School of Public Policy
 

Risk-Sensitive Linear Approximations
By Alexander Meyer-Gohde; University of Hamburg
   presented by: Alexander Meyer-Gohde, University of Hamburg
 

Are Nonlinear Methods Necessary at the Zero Lower Bound?
By Alexander Richter; Federal Reserve Bank of Dallas
Nathaniel Throckmorton; College of William & Mary
   presented by: Alexander Richter, Federal Reserve Bank of Dallas
 
Session 27: Monetary Policy II
November 5, 2016 15:00 to 16:30
Flint Hills
 
Session Organizer: ,
Session Chair: Sarah Zubairy, Texas A&M University
Session type: contributed
 

Financial Crises and the Transmission of Monetary Policy to Consumer Credit Markets
By Sasha Indarte; Northwestern University
   presented by: Sasha Indarte, Northwestern University
 

Term Premium Variability and Monetary Policy
By Timothy Fuerst; University of Notre Dame
Ronald Mau; University of Notre Dame
   presented by: Ronald Mau, University of Notre Dame
 

Household Debt Overhang and Transmission of Monetary Policy
By Sami Alpanda; University of Central Florida
Sarah Zubairy; Texas A&M University
   presented by: Sarah Zubairy, Texas A&M University
 
Session 28: Inequality
November 5, 2016 15:00 to 16:30
Chimney Rock
 
Session Organizer: ,
Session Chair: Roberto Pancrazi, University of Warwick
Session type: contributed
 

Does Financial Innovation Increase Inequality?: A Competitive Search Approach
By Bong Geun Choi; University of Chicago
Hyun Lee; University of Connecticut
   presented by: Hyun Lee, University of Connecticut
 

Fiscal Policy and the Growth-Inequality Tradeoff: The case of a small open economy
By Adela Arguello
Gerhard Glomm; Indiana University
   presented by: Adela Arguello,
 

Endogenous Partial Insurance and Inequality
By Eric Mengus; HEC Paris
Roberto Pancrazi; University of Warwick
   presented by: Roberto Pancrazi, University of Warwick
 
Session 29: Labor and Demographics
November 5, 2016 15:00 to 16:30
Ozark
 
Session Organizer: ,
Session Chair: Satoshi Tanaka, University of Queensland
Session type: contributed
 

Reforming the Social Security Earnings Cap: The Role of Endogenous Human Capital
By Adam Blandin; Arizona State University
   presented by: Adam Blandin, Arizona State University
 

The Impacts of Mortgage Regulations on Households' Life-cycle Housing Decisions
By Anson Ho; Kansas State University
Jie Zhou; Bank of Canada
   presented by: Jie Zhou, Bank of Canada
 

Sex Ratios and Long-Term Marriage Trends
By Jose-Victor Rios-Rull; University of Pennsylvania
Satoshi Tanaka; University of Queensland
   presented by: Satoshi Tanaka, University of Queensland
 
Session 30: International Trade II
November 5, 2016 15:00 to 16:30
Rocky Mountain
 
Session Organizer: ,
Session Chair: Ana Maria Santacreu, Federal Reserve Bank of Saint Louis and
Session type: contributed
 

A Passage to India: Quantifying Internal and External Barriers to Trade
By Eva Van Leemput; Board of Governors of the Federal Reserve System
   presented by: Eva Van Leemput, Federal Reserve Board
 

Globalization Boom and Bust: A Study of US Automobile Exports from 1913 to 1940
By Dong Cheng; Vanderbilt University
Mario Crucini; Vanderbilt University
Hyunseung Oh; Vanderbilt University
Hakan Yilmazkuday; Florida International University
   presented by: Dong Cheng, Vanderbilt University
 

Capital Accummulation and Dynamic Gains from Trade
By B Ravikumar; Federal Reserve Bank of St Louis
Ana Maria Santacreu; Federal Reserve Bank of Saint Louis and
Michael Sposi; Federal Reserve Bank of Dallas
   presented by: Ana Maria Santacreu, Federal Reserve Bank of Saint Louis and
 
Session 31: Learning and Information
November 6, 2016 8:30 to 10:00
Flint Hills
 
Session Organizer: ,
Session Chair: Fabio Milani, University of California, Irvine
Session type: contributed
 

Equity Return Predictability, Time Varying Volatility and Learning About the Permanence of Shocks
By Daniel Tortorice; Brandeis University
   presented by: Daniel Tortorice, Brandeis University
 

Indeterminacy and Imperfect Information
By Thomas Lubik; Federal Reserve Bank of Richmond
Christian Matthes; Federal Reserve Bank of Richmond
Elmar Mertens; Federal Reserve Board
   presented by: Christian Matthes, Federal Reserve Bank of Richmond
 

Evolving Beliefs and Animal Spirits in the Euro Area
[slides]
By Fabio Milani; University of California, Irvine
   presented by: Fabio Milani, University of California, Irvine
 
Session 32: Sovereign Default II
November 6, 2016 8:30 to 10:00
Rocky Mountain
 
Session Organizer: ,
Session Chair: Burcu Eyigungor, Federal Reserve Bank of Philadelphia
Session type: contributed
 

Optimal Sovereign Defaults in the Presence of Financial Frictions
By Yun Pei; University at Buffalo, SUNY
   presented by: Yun Pei, University at Buffalo, SUNY
 

Selective Sovereign Defaults
By Enrico Mallucci
   presented by: Enrico Mallucci,
 

Endogenous Political Turnover and Fluctuations in Sovereign Default Risk
By Burcu Eyigungor; Federal Reserve Bank of Philadelphia
Satyajit Chatterjee; Federal Reserve Bank of Philadelphia
   presented by: Burcu Eyigungor, Federal Reserve Bank of Philadelphia
 
Session 33: Sectors II
November 6, 2016 8:30 to 10:00
Red River Valley
 
Session Organizer: ,
Session Chair: Brendan Epstein, Federal Reserve Board
Session type: contributed
 

Sectoral Productivity Gaps and Aggregate Productivity
[slides]
By Rishabh Sinha; The World Bank
   presented by: Rishabh Sinha, The World Bank
 

Growth and Welfare Implications of Sector Specific Innovations
By Ilhan Guner; University of Virginia
   presented by: Ilhan Guner, University of Virginia
 
Session 34: Wages
November 6, 2016 8:30 to 10:00
Chimney Rock
 
Session Organizer: ,
Session Chair: Manuel Macera, Colorado State University
Session type: contributed
 

Within Job Wage Inequality: Performance Pay and Skill Match
By Rongsheng Tang; Washington University in St. Louis
   presented by: Rongsheng Tang, Washington University in St. Louis
 

Downward Nominal Wage Rigidity in Canada: Evidence from Micro-Level Data
By Dany Brouillette; Bank of Canada
Natalia Kyui; Bank of Canada
   presented by: Dany Brouillette, Bank of Canada
 

A General Equilibrium Approach to Decomposing the Wage Inequality
By Manuel Macera; Colorado State University
Hitoshi Tsujiyama; Goethe University Frankfurt
   presented by: Manuel Macera, Colorado State University
 
Session 35: Emerging Economies
November 6, 2016 8:30 to 10:00
Ozark
 
Session Organizer: ,
Session Chair: Pratiti Chatterjee, University of California, Irvine
Session type: contributed
 

Foreign Asset Accumulation among Emerging Market Economies: a Case for Coordination
By Hao Jin; Xiamen University
Hewei Shen; Indiana University Bloomington
   presented by: Hewei Shen, Indiana University Bloomington
 

Global Financial Risk, Domestic Financial Access, and Unemployment Dynamics
By Alan Finkelstein Shapiro; Tufts University
Brendan Epstein; Federal Reserve Board
Andres Gonzalez Gomez; International Monetary Fund
   presented by: Alan Finkelstein Shapiro, Tufts University
 

Asymmetric Impact of Uncertainty in Recessions: Are Emerging Countries More Vulnerable?
By Pratiti Chatterjee; University of California, Irvine
   presented by: Pratiti Chatterjee, University of California, Irvine
 
Session 36: Chinese Economy II
November 6, 2016 10:30 to 12:00
Rocky Mountain
 
Session Organizer: ,
Session Chair: Nick Guo, University of Wisconsin - Whitewater
Session type: contributed
 

Structural Change and Aggregate Fluctuations in China
By Wen Yao; Tsinghua University
   presented by: Wen Yao, Tsinghua University
 

Borrowing Costs and Asset Bubbles
By Nick Guo; University of Wisconsin - Whitewater
   presented by: Nick Guo, University of Wisconsin - Whitewater
 
Session 37: Corporate Debt
November 6, 2016 10:30 to 12:00
Ozark
 
Session Organizer: ,
Session Chair: Juan Sanchez, Federal Reserve Bank of St. Louis
Session type: contributed
 

Cyclical Debt Dilution
[slides]
By Joachim Jungherr; IAE (CSIC), MOVE, and Barcelona GSE
Immo Schott; Université de Montréal
   presented by: Immo Schott, Université de Montréal
 

Maturity Dispersion and Optimal Debt Liability Structure
By Matthew Darst; Board of Governors of the Federal Reserve
Ehraz Refayet; Office of the Comptroller of the Currency, U.S. Treasury
   presented by: Matthew Darst, Board of Governors of the Federal Reserve
 

Endogenous Debt Maturity: Liquidity Risk vs. Default Risk
By Juan Sanchez; Federal Reserve Bank of St. Louis
   presented by: Juan Sanchez, Federal Reserve Bank of St. Louis
 
Session 38: Fiscal Policy II
November 6, 2016 10:30 to 12:00
Red River Valley
 
Session Organizer: ,
Session Chair: Giuseppe Fiori, North Carolina State University
Session type: contributed
 

Incentive Compatibility as a Nonnegative Martingale
By Yunmin Chen; Academia Sinica
YiLi Chien; Federal Reserve Bank of St. Louis
C.C. Yang; Academia Sinica
   presented by: YiLi Chien, Federal Reserve Bank of St. Louis
 

Fiscal Policy and Labor markets in Low Income Economies
By Nathalie Gonzalez Prieto; International Monetary Fund
Alan Finkelstein Shapiro; Tufts University
   presented by: Nathalie Gonzalez Prieto, International Monetary Fund
 

Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks
By Domenico Ferraro; Arizona State University
Giuseppe Fiori; North Carolina State University
   presented by: Giuseppe Fiori, North Carolina State University
 
Session 39: Micro Foundations of Macro III
November 6, 2016 10:30 to 12:00
Chimney Rock
 
Session Organizer: ,
Session Chair: Lawrence Warren, U.S. Census Bureau
Session type: contributed
 

Is Productivity on Vacation? The Impact of the Digital Economy on the Value of Leisure
[slides]
By Benjamin Bridgman; U.S. Bureau of Economic Analysis
   presented by: Benjamin Bridgman, U.S. Bureau of Economic Analysis
 

The Effects of Price Endings on Price Rigidity: Evidence from VAT Changes
By Edward Knotek II; Federal Reserve Bank of Cleveland
   presented by: Edward Knotek II, Federal Reserve Bank of Cleveland
 

Part-Time Employment and Firm-Level Labor Demand over the Business Cycle
By Lawrence Warren; U.S. Census Bureau
   presented by: Lawrence Warren, U.S. Census Bureau
 
Session 40: Monetary Policy III
November 6, 2016 10:30 to 12:00
Flint Hills
 
Session Organizer: ,
Session Chair: Pascal Paul, Federal Reserve Bank of San Francisco
Session type: contributed
 

Bad Luck, Bad Policy, or Learning? A Markov-Switching Approach to Understanding Postwar U.S. Macroeconomic Dynamics
By Gabriela Best; California State University - Fullerton
Joonyoung Hur; The Bank of Korea
   presented by: Gabriela Best, California State University - Fullerton
 

VAR meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries
By Bin Grace Li; International Monetary Fund
   presented by: Bin Grace Li, International Monetary Fund
 

The Time Varying Transmission of Monetary Policy Surprises
By Pascal Paul; Federal Reserve Bank of San Francisco
   presented by: Pascal Paul, Federal Reserve Bank of San Francisco
 

40 sessions, 117 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Ahn, Hie JooP3
2Alessandria, GeorgeP11
3Anderson, EvanP1
4Arguello, AdelaP28
5Baumeister, ChristianeP10
6Best, GabrielaP40
7Blandin, AdamP29
8Braun, ChristineP19
9Bridgman, BenjaminP39
10Brouillette, DanyP34
11Bundick, BrentP21, C21
12Chatterjee, PratitiP35, C35
13Chaumont, GastonP3
14Cheng, DongP30
15Cheng, Wan-JungP25
16Chien, YiLiP38
17Choi, Bong GeunP8
18Cole, StephenP21
19CUN, WUKUANGP6
20Damodaran, NikhilP20, C20
21Darst, MatthewP37
22Demyanyk, YuliyaP12, C12
23Ding, KaiP15
24Doh, TaeyoungP5, C5
25Epstein, BrendanC33
26Eyigungor, BurcuP32, C32
27Faberman, JasonP18, C18
28Feng, Wing YingP4
29Finkelstein Shapiro, AlanP35
30Fiori, GiuseppeP38, C38
31Gibson, JohnP19, C19
32Gomez, PatriciaP20
33Gonzalez Prieto, NathalieP38
34Gornemann, Nils MattisP24, C24
35Griffy, BenP15
36Guner, IlhanP33
37Guo, NickP36, C36
38Herbst, EdwardP5
39Higgins, RichardP14, C14
40Hollmayr, JosefP20
41Hu, JingxianP24
42Hussain, SyedP12
43Hyatt, HenryP18
44Indarte, SashaP27
45Jang, YoungsooP9
46Kapinos, PavelP8
47Kasa, KennethP1, C1
48Keating, JohnP10, C10
49Knotek II, EdwardP39
50Kormilitsina, AnnaP10
51Kurmann, AndreP18
52Lago Alves, SergioP7
53Lakdawala, AeimitP21
54Lee, HyunP28
55Lester, RobertP14
56Li, Bin GraceP40
57Liu, SimingP2
58Lopez-Martin, BernabeP2
59Macera, ManuelP34, C34
60Mallucci, EnricoP32
61Matthes, ChristianP31
62Mau, RonaldP27
63Meyer-Gohde, AlexanderP26
64Michaels, RyanP22
65Milani, FabioP31, C31
66Miranda-Pinto, JorgeP16
67Mustre-del-Rio, JoseP3, C3
68Nuguer, VictoriaP7, C7
69Pancrazi, RobertoP28, C28
70Pashchenko, SvetlanaP9
71Paul, PascalP40, C40
72Pei, YunP32
73Perez-Orive, AnderP25
74Pilossoph, LauraP22
75Prasad, NaliniP19
76Rappaport, JordanP13, C13
77Richter, AlexanderP26, C26
78Rojas, EugenioP2, C2
79Ruhl, KimP11
80Sanchez, JuanP37, C37
81Santacreu, Ana MariaP30, C30
82Sapci, AyseP13
83Schmidt, SebastianP17
84Schott, ImmoP37
85Shen, HeweiP35
86Shintani, MototsuguP7
87Sinha, RishabhP33
88Song, DonghoP5
89Soofi Siavash, SorooshP16
90Soques, DanielP16, C16
91Steinberg, JosephP11, C11
92Sunakawa, TakekiP26
93Tanaka, SatoshiP29, C29
94Tang, RongshengP34
95Throckmorton, NathanielP17, C17
96Tortorice, DanielP31
97Tuzemen, DidemP9, C9
98Van Leemput, EvaP30
99Villena-Roldan, BenjaminP15, C15
100Vu, NamP12
101Vukotic, MarijaP14
102Wang, JianP23
103Wang, PingP6, C6
104Wang, LiangP25, C25
105Wang, XiaoP6
106Wang, XiaowenP1
107Wang, ZhuP8, C8
108Warren, LawrenceP39, C39
109Willis, JonathanP22, C22
110Wolff, JonathanP17
111Xie, ZoeP4, C4
112Yao, WenP36
113Zabek, MikeP13
114Zer, IlknurP23
115Zhong, MolinP23, C23
116Zhou, JingP24
117Zhou, JieP29
118Zubairy, SarahP27, C27

 

This program was last updated on 2016-11-03 18:11:08 EDT