Spring 2018 Midwest Macroeconomics Meetings

Madison, WI

 
May 18, 2018
 
13:00 to 14:30Friday, parallel sessions I
 
 
14:30 to 15:00Friday afternoon break
 
 
15:00 to 16:30Friday, parallel sessions II
 
 
16:45 to 18:00Plenary session, Ricardo Lagos
 
 
19:00 to 23:00Conference dinner at the Essen Haus, followed by a Contractions concert
 
 
 
May 19, 2018
 
08:00 to 09:00Saturday breakfast
 
 
09:00 to 10:30Saturday, morning parallel sessions I
 
 
10:30 to 11:00Saturday morning, coffee break
 
 
11:00 to 12:30Saturday, morning parallel sessions II
 
 
12:30 to 13:30Saturday lunch
 
 
13:30 to 15:00Saturday, afternoon parallel sessions I
 
 
15:00 to 15:30Saturday afternoon, coffee break
 
 
15:30 to 17:00Saturday, afternoon parallel sessions II
 
 
17:15 to 18:15Plenary session, Richard Rogerson
 
 
18:15 to 20:00Saturday reception
 
 
 
May 20, 2018
 
08:00 to 09:00Sunday breakfast
 
 
09:00 to 10:30Sunday, parallel sessions I
 
 
10:30 to 11:00Sunday coffee break
 
 
11:00 to 12:30Sunday, parallel sessions II
 
 
12:30 to 13:30Sunday lunch
 
 

 

Program Notes and Index of Sessions

Friday, parallel sessions I
May 18, 2018 13:00 to 14:30
 
Heterogeneous Households, Grainger 2520
Frictional Asset Markets and Banking, Grainger 3335
Empirical Macroeconomics, Grainger 3560
Inequality, Grainger 4349
Monetary Policy, Grainger 2339
Information and Bargaining Frictions, Grainger 2510
Cross-State and Cross-Country Dynamics, Grainger 2335

Friday, parallel sessions II
May 18, 2018 15:00 to 16:30
 
Risk and Uncertainty in Financial Markets, Grainger 2510
Sovereign Default, Grainger 2335
Quantitative Methods and Measurement, Grainger 3560
Banking and Corporate Cash, Grainger 2520
Frictions and Firms, Grainger 2339
Taxation and Macroprudential policy in DSGE models , Grainger 3335
Monetary Policy, Grainger 4349
Stress Tests, Grainger 4580

Plenary session, Ricardo Lagos
May 18, 2018 16:45 to 18:00

Saturday, morning parallel sessions I
May 19, 2018 09:00 to 10:30
 
Credit and Investment, Grainger 2335
Industry and Firm Dynamics, Grainger 2339
Intermediation and Monetary Policy, Grainger 2520
Wages, Grainger 2510
Sovereign Debt, Grainger 3335
Financial stability, Grainger 3560
Money and Markets, Grainger 4349
Taxes and Benefits, Grainger 4580

Saturday, morning parallel sessions II
May 19, 2018 11:00 to 12:30
 
Industrial Organization, Grainger 3335
Firm Dynamics, Grainger 2339
Fragmented Financial Markets , Grainger 4349
Household Finance and the Macroeconomy, Grainger 3560
Employment and Wages, Grainger 4580
Monetary Economics, Grainger 2335
Macroeconomic Risks and Asset Markets, Grainger 2520
Structural Models of Public Policy, Grainger 2510

Saturday, afternoon parallel sessions I
May 19, 2018 13:30 to 15:00
 
Search, Grainger 3335
Consumer Finance, Grainger 3560
Monetary Theory and Policy, Grainger 2339
Labor Markets, Labor Share, and Technology Adoption, Grainger 4580
Industrial Organization, Grainger 2335
Corporate Finance, Grainger 4349
Financial Intermediation, Grainger 2510
Economy and Asset Markets, Grainger 2520

Saturday, afternoon parallel sessions II
May 19, 2018 15:30 to 17:00
 
Asset Liquidity and Policy, Grainger 2520
Dynamic Misallocation, Grainger 2339
Optimal Policy, Grainger 2335
Firm Growth and Innovation, Grainger 3335
Models of Labor Markets, Grainger 3560
Financial Markets and Asset Returns, Grainger 4349
Sovereign Risk and Dynamic Contracting, Grainger 4580
Networks, Segmented Markets, and Information Aggregation, Grainger 2510

Plenary session, Richard Rogerson
May 19, 2018 17:15 to 18:15

Sunday, parallel sessions I
May 20, 2018 09:00 to 10:30
 
Macroprudential policies and Sovereign Debt, Grainger 2335
Optimal Taxation, Grainger 2339
Optimal Monetary and Fiscal Policy, Grainger 2520
Dynamic Models of Moral Hazard, Grainger 2510
Intermediation, Grainger 3335
Search Models, Grainger 3560

Sunday, parallel sessions II
May 20, 2018 11:00 to 12:30
 
Debt, Macroeconomy, and Asset Prices, Grainger 2520
Firm Dynamics, Grainger 2510
Expectations and Monetary Policy, Grainger 2339
Life-Cycle, Demographics and the Macroeconomy, Grainger 2335
Quantitative Macroeconomics, Grainger 3335
Money, Assets, Terms of Trade and Heterogeneity, Grainger 3560

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapersOrganizer
1May 18, 2018
13:00-14:30
Grainger 2520 contributed Heterogeneous Households3Enghin Atalay
2May 18, 2018
13:00-14:30
Grainger 3335 contributed Frictional Asset Markets and Banking3Randall Wright
3May 18, 2018
13:00-14:30
Grainger 3560 contributed Empirical Macroeconomics3Noah Williams
4May 18, 2018
13:00-14:30
Grainger 4349 contributed Inequality3Erwan Quintin
5May 18, 2018
13:00-14:30
Grainger 2339 contributed Monetary Policy3Randall Wright
6May 18, 2018
13:00-14:30
Grainger 2510 contributed Information and Bargaining Frictions3Briana Chang
7May 18, 2018
13:00-14:30
Grainger 2335 contributed Cross-State and Cross-Country Dynamics3Noah Williams
8May 18, 2018
15:00-16:30
Grainger 2510 contributed Risk and Uncertainty in Financial Markets3Bjorn Eraker
9May 18, 2018
15:00-16:30
Grainger 2335 contributed Sovereign Default3Dean Corbae
10May 18, 2018
15:00-16:30
Grainger 3560 contributed Quantitative Methods and Measurement2Dean Corbae
11May 18, 2018
15:00-16:30
Grainger 2520 contributed Banking and Corporate Cash3Enghin Atalay
12May 18, 2018
15:00-16:30
Grainger 2339 contributed Frictions and Firms3Enghin Atalay
13May 18, 2018
15:00-16:30
Grainger 3335 contributed Taxation and Macroprudential policy in DSGE models 3Erwan Quintin
14May 18, 2018
15:00-16:30
Grainger 4349 contributed Monetary Policy3Randall Wright
15May 18, 2018
15:00-16:30
Grainger 4580 contributed Stress Tests3Briana Chang
16May 19, 2018
9:00-10:30
Grainger 2335 contributed Credit and Investment3Bruno Sultanum
17May 19, 2018
9:00-10:30
Grainger 2339 contributed Industry and Firm Dynamics3Enghin Atalay
18May 19, 2018
9:00-10:30
Grainger 2520 contributed Intermediation and Monetary Policy3Noah Williams
19May 19, 2018
9:00-10:30
Grainger 2510 contributed Wages3Dean Corbae
20May 19, 2018
9:00-10:30
Grainger 3335 contributed Sovereign Debt3Enghin Atalay
21May 19, 2018
9:00-10:30
Grainger 3560 contributed Financial stability3Bruno Sultanum
22May 19, 2018
9:00-10:30
Grainger 4349 contributed Money and Markets3Randall Wright
23May 19, 2018
9:00-10:30
Grainger 4580 contributed Taxes and Benefits3Erwan Quintin
24May 19, 2018
11:00-12:30
Grainger 3335 contributed Industrial Organization3Erwan Quintin
25May 19, 2018
11:00-12:30
Grainger 2339 contributed Firm Dynamics3Dean Corbae
26May 19, 2018
11:00-12:30
Grainger 4349 contributed Fragmented Financial Markets 3Briana Chang
27May 19, 2018
11:00-12:30
Grainger 3560 contributed Household Finance and the Macroeconomy3Dean Corbae
28May 19, 2018
11:00-12:30
Grainger 4580 contributed Employment and Wages3Rasmus Lentz
29May 19, 2018
11:00-12:30
Grainger 2335 contributed Monetary Economics3
30May 19, 2018
11:00-12:30
Grainger 2520 contributed Macroeconomic Risks and Asset Markets3Ivan Shaliastovich
31May 19, 2018
11:00-12:30
Grainger 2510 contributed Structural Models of Public Policy3Erwan Quintin
32May 19, 2018
13:30-15:00
Grainger 3335 contributed Search3Randall Wright
33May 19, 2018
13:30-15:00
Grainger 3560 contributed Consumer Finance3Dean Corbae
34May 19, 2018
13:30-15:00
Grainger 2339 contributed Monetary Theory and Policy3Randall Wright
35May 19, 2018
13:30-15:00
Grainger 4580 contributed Labor Markets, Labor Share, and Technology Adoption3Rasmus Lentz
36May 19, 2018
13:30-15:00
Grainger 2335 contributed Industrial Organization3Enghin Atalay
37May 19, 2018
13:30-15:00
Grainger 4349 contributed Corporate Finance3Oliver Levine
38May 19, 2018
13:30-15:00
Grainger 2510 contributed Financial Intermediation3Erwan Quintin
39May 19, 2018
13:30-15:00
Grainger 2520 contributed Economy and Asset Markets3Ivan Shaliastovich
40May 19, 2018
15:30-17:00
Grainger 2520 contributed Asset Liquidity and Policy3Randall Wright
41May 19, 2018
15:30-17:00
Grainger 2339 contributed Dynamic Misallocation3Erwan Quintin
42May 19, 2018
15:30-17:00
Grainger 2335 contributed Optimal Policy3Erwan Quintin
43May 19, 2018
15:30-17:00
Grainger 3335 contributed Firm Growth and Innovation3Erwan Quintin
44May 19, 2018
15:30-17:00
Grainger 3560 contributed Models of Labor Markets3Rasmus Lentz
45May 19, 2018
15:30-17:00
Grainger 4349 contributed Financial Markets and Asset Returns3Briana Chang
46May 19, 2018
15:30-17:00
Grainger 4580 contributed Sovereign Risk and Dynamic Contracting3Enghin Atalay
47May 19, 2018
15:30-17:00
Grainger 2510 contributed Networks, Segmented Markets, and Information Aggregation3Enghin Atalay
48May 20, 2018
9:00-10:30
Grainger 2335 contributed Macroprudential policies and Sovereign Debt3Bruno Sultanum
49May 20, 2018
9:00-10:30
Grainger 2339 contributed Optimal Taxation3Noah Williams
50May 20, 2018
9:00-10:30
Grainger 2520 contributed Optimal Monetary and Fiscal Policy3Noah Williams
51May 20, 2018
9:00-10:30
Grainger 2510 contributed Dynamic Models of Moral Hazard3Erwan Quintin
52May 20, 2018
9:00-10:30
Grainger 3335 contributed Intermediation3Bruno Sultanum
53May 20, 2018
9:00-10:30
Grainger 3560 contributed Search Models3Erwan Quintin
54May 20, 2018
11:00-12:30
Grainger 2520 contributed Debt, Macroeconomy, and Asset Prices3Ivan Shaliastovich
55May 20, 2018
11:00-12:30
Grainger 2510 contributed Firm Dynamics3Dean Corbae
56May 20, 2018
11:00-12:30
Grainger 2339 contributed Expectations and Monetary Policy3Noah Williams
57May 20, 2018
11:00-12:30
Grainger 2335 contributed Life-Cycle, Demographics and the Macroeconomy3Erwan Quintin
58May 20, 2018
11:00-12:30
Grainger 3335 contributed Quantitative Macroeconomics3Erwan Quintin
59May 20, 2018
11:00-12:30
Grainger 3560 contributed Money, Assets, Terms of Trade and Heterogeneity3Erwan Quintin
 

59 sessions, 176 papers, and 0 presentations with no associated papers


 

Spring 2018 Midwest Macroeconomics Meetings

Detailed List of Sessions

 
Session 1: Heterogeneous Households
May 18, 2018 13:00 to 14:30
Grainger 2520
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: sarada sarada, UNIV OF WISCONSIN-MADISON
Session type: contributed
 

Household Saving, Financial Constraints, and the Current Account in China
By Ayse Imrohoroglu; USC
Kai Zhao; University of Connecticut
   presented by: Kai Zhao, University of Connecticut
 

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

Entrepreneurship and the American Dream: How far Does the Upward Mobility Ladder Reach?
By sarada sarada; UNIV OF WISCONSIN-MADISON
Oana Tocoian; Claremont McKenna College
   presented by: sarada sarada, UNIV OF WISCONSIN-MADISON
 
Session 2: Frictional Asset Markets and Banking
May 18, 2018 13:00 to 14:30
Grainger 3335
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Han Han, Peking University
Session type: contributed
 

Dealer Inventory and Market Liquidity
By Jonathan Chiu; Bank of Canada
Seyed Mohammadreza Davoodalhosseini; Bank of Canada
Janet Hua Jiang; Bank of Canada
   presented by: Janet Hua Jiang, Bank of Canada
 

A Macroeconomic Theory of Banking Oligopoly
By Mei Dong; University of Melbourne
Stella Xiuhua Huangfu; University of Sydney
Hongfei Sun; Queen's University
Chenggang Zhou; University of Waterloo
   presented by: Hongfei Sun, Queen's University
 

Policy Analysis in a Model of Money, Banking and OTC Markets
By Han Han; Peking University
   presented by: Han Han, Peking University
 
Session 3: Empirical Macroeconomics
May 18, 2018 13:00 to 14:30
Grainger 3560
 
Session Organizer: Noah Williams, University of Wisconsin
Session Chair: John Keating, University of Kansas
Session type: contributed
 

Output response to government spending: Evidence from new international military spending data
By Viacheslav Sheremirov; Federal Reserve Bank of Boston
Sandra Spirovska; University of Wisconsin, Madison
   presented by: Sandra Spirovska, University of Wisconsin, Madison
 

The Optimal Monetary Instrument and the (Mis)Use of Causality Tests
By John Keating; University of Kansas
Andrew Smith; Federal Reserve Bank of Kansas City
   presented by: John Keating, University of Kansas
 

Playing with Money
By Douglas Davis; Virginia Commonwealth University
Oleg Korenok; VCU School of Business
Peter Norman; University of North Carolina Chapel Hill
Bruno Sultanum
Randall Wright; University of Wisconsin
   presented by: Peter Norman, University of North Carolina Chapel Hill
 
Session 4: Inequality
May 18, 2018 13:00 to 14:30
Grainger 4349
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Ctirad Slavik, Charles University, Prague
Session type: contributed
 

Intangibles, Inequality and Stagnation
By Nobuhiro Kiyotaki; Princeton University
Shengxing Zhang; London School of Economics
   presented by: Shengxing Zhang, London School of Economics
 

The Role of Firm Heterogeneity in the Earnings Inequality
By soyoung Lee
   presented by: soyoung Lee,
 

Wage Risk and the Skill Premium
By Ctirad Slavik; Charles University, Prague
Hakki Yazici; Sabanci University
   presented by: Ctirad Slavik, Charles University, Prague
 
Session 5: Monetary Policy
May 18, 2018 13:00 to 14:30
Grainger 2339
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas
Session type: contributed
 

A Unique Monetary Policy Framework: Secondary Floor with a Floor System
By Fatih Tuluk; Washington University in St. Louis
   presented by: Fatih Tuluk, Middle East Technical University Northern Cyprus Campus
 

Optimal Index versus Simple Index for Monetary Policy
By Jae Won Lee; University of Virginia
Yeji Sung; Columbia University
   presented by: Jae Won Lee, University of Virginia
 

Has Globalization Changed the Business Cycle and the Monetary Policy Trade-offs?
By Enrique Martinez-Garcia; Federal Reserve Bank of Dallas
   presented by: Enrique Martinez-Garcia, Federal Reserve Bank of Dallas
 
Session 6: Information and Bargaining Frictions
May 18, 2018 13:00 to 14:30
Grainger 2510
 
Session Organizer: Briana Chang, UW Madison
Session Chair: Xiaowen Lei, Simon Fraser University
Session type: contributed
 

Inefficient Unemployment and Bargaining Friction
By C. Y. Kelvin Yuen; Washington University in St. Louis
   presented by: C. Y. Kelvin Yuen, Washington University in St. Louis
 

Shock Propagation Through Cross-Learning with Costly Price Acquisition
By Jan Schneemeier; Indiana University
   presented by: Jan Schneemeier, Indiana University
 

Information and Inequality
By Xiaowen Lei; Simon Fraser University
   presented by: Xiaowen Lei, Simon Fraser University
 
Session 7: Cross-State and Cross-Country Dynamics
May 18, 2018 13:00 to 14:30
Grainger 2335
 
Session Organizer: Noah Williams, University of Wisconsin
Session Chair: Noah Williams, University of Wisconsin
Session type: contributed
 

Education Affordability and Earnings Inequality: A Cross-Country Perspective
By Oliko Vardishvili; European University Institute
Fuzhen Wang; University Of Konstanz
   presented by: Oliko Vardishvili, European University Institute
 

U.S. Regional Dynamics of Monetary and Financial Shocks: Evidence from a DSGE Model Estimated with State Level Data
By Sacha Gelfer; Bentley University
   presented by: Sacha Gelfer, Bentley University
 

Capital and Productivity in U.S. States
By Joel McMurry; University of Wisconsin-Madison
Noah Williams; University of Wisconsin
   presented by: Noah Williams, University of Wisconsin
 
Session 8: Risk and Uncertainty in Financial Markets
May 18, 2018 15:00 to 16:30
Grainger 2510
 
Session Organizer: Bjorn Eraker, University of Wisconsin - Madison
Session Chair: Bjorn Eraker, University of Wisconsin - Madison
Session type: contributed
 

Market Maker Inventory, Bid/Ask Spreads, and the Computation of Option Implied Risk Measures
By Bjorn Eraker; University of Wisconsin - Madison
   presented by: Bjorn Eraker, University of Wisconsin - Madison
 

The Leading Premium
By Mariano Croce; University of North Carolina at Chapel H
Tatyana Marchuk; BI Norwegian Business School
Christian Schlag; Goethe University Frankfurt
   presented by: Tatyana Marchuk, BI Norwegian Business School
 

Implied Volatility Duration and the Early Resolution Premium
By Christian Schlag; Goethe University Frankfurt
Julian Thimme; Goethe University Frankfurt
Rüdiger Weber; Goethe University
   presented by: Rüdiger Weber, Goethe University
 
Session 9: Sovereign Default
May 18, 2018 15:00 to 16:30
Grainger 2335
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Igor Livshits, Federal Reserve Bank of Philadelphia
Session type: contributed
 

Sovereign Debt Restructuring: A Dynamic Discrete Choice Approach
By Maximiliano Dvorkin; Federal Reserve Bank of St. Louis
Juan Sanchez; Federal Reserve Bank of St. Louis
Horacio Sapriza; Federal Reserve Board
Emircan Yurdagul; uc3m
   presented by: Maximiliano Dvorkin, Federal Reserve Bank of St. Louis
 

Sovereign Default and Bank Lending: the case of Argentina
By Pablo D'Erasmo; FRB Philadelphia
Hernan Moscoso Boedo; University of Cincinnati
Maria Olivero; Drexel University
   presented by: Hernan Moscoso Boedo, University of Cincinnati
 

Sovereign Default and Banking
By Pablo D'Erasmo; FRB Philadelphia
Igor Livshits; Federal Reserve Bank of Philadelphia
Koen Schoors; Ghent University (CERISE) and Bank of Fi
   presented by: Igor Livshits, Federal Reserve Bank of Philadelphia
 
Session 10: Quantitative Methods and Measurement
May 18, 2018 15:00 to 16:30
Grainger 3560
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Grey Gordon, Indiana University
Session type: contributed
 

Decomposition of Aggregate Productivity Growth with Unobserved Heterogeneity
By Hiroyuki Kasahara; University of British Columbia
Mitsukuni Nishida; Johns Hopkins University
Michio Suzuki; Hitotsubashi University
   presented by: Michio Suzuki, Hitotsubashi University
 

Efficient computation with taste shocks
By Grey Gordon; Indiana University
   presented by: Grey Gordon, Indiana University
 
Session 11: Banking and Corporate Cash
May 18, 2018 15:00 to 16:30
Grainger 2520
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Christoffer Koch, Federal Reserve Bank of Dallas
Session type: contributed
 

Government Loan Guarantee Expansions and Heterogeneous Bank Responses: Evidence from the U.S. SBA Loans
By Bong-Geun CHOI; City University of Hong Kong
Hyun Lee; University of Connecticut
   presented by: Hyun Lee, University of Connecticut
 

R&D Dynamics and Corporate Cash
By Jake Zhao; Peking University HSBC Business School
   presented by: Jake Zhao, Peking University HSBC Business School
 

Dynamic Power Laws and the Rise of Big Banks
By Ricardo Fernholz; Claremont McKenna College
Christoffer Koch; Federal Reserve Bank of Dallas
   presented by: Christoffer Koch, Federal Reserve Bank of Dallas
 
Session 12: Frictions and Firms
May 18, 2018 15:00 to 16:30
Grainger 2339
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Benjamin Pugsley, University of Notre Dame
Session type: contributed
 

Labor Supply with the Firm
By Ryan Michaels; Federal Reserve Bank of Philadelphia
   presented by: Ryan Michaels, Federal Reserve Bank of Philadelphia
 

Capital Controls and Firm Performance: The Effects of the Chilean Encaje
By Eugenia Andreasen; Universidad de Santiago de Chile
Sofia Bauducco; Central Bank of Chile
Evangelina Dardati; Universidad Alberto Hurtado
   presented by: Evangelina Dardati, Universidad Alberto Hurtado
 

Taxes, Regulations of Businesses and Evolution of Income Inequality in the US
By Sebastian Dyrda; University of Toronto
Benjamin Pugsley; University of Notre Dame
   presented by: Benjamin Pugsley, University of Notre Dame
 
Session 13: Taxation and Macroprudential policy in DSGE models
May 18, 2018 15:00 to 16:30
Grainger 3335
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Bulent Guler, Indiana University Bloomington
Session type: contributed
 

Financial Crisis Interventions
By Josef Schroth; Bank of Canada
   presented by: Josef Schroth, Bank of Canada
 

Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited
By Yunmin Chen; Academia Sinica
YiLi Chien; Federal Reserve Bank of St. Louis
Cheng Chen Yang; Academia Sinica
   presented by: YiLi Chien, Federal Reserve Bank of St. Louis
 

Macroprudential Policy in a Heterogenous Agent Model
By Bulent Guler; Indiana University Bloomington
   presented by: Bulent Guler, Indiana University Bloomington
 
Session 14: Monetary Policy
May 18, 2018 15:00 to 16:30
Grainger 4349
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Viacheslav Sheremirov, Federal Reserve Bank of Boston
Session type: contributed
 

Monetary Policy and Liquid Government Debt
By David Andolfatto; Federal Reserve Bank of St. Louis
Fernando Martin; Federal Reserve Bank of St. Louis
   presented by: Fernando Martin, Federal Reserve Bank of St. Louis
 

Monetary Policies in the Laboratory
By John Duffy; University of California, Irvine
Daniela Puzzello; Indiana University
   presented by: Daniela Puzzello, Indiana University
 

Inflation Expectations and Nonlinearities in the Phillips Curve
By Alexander Doser; Federal Reserve Bank of Boston
Ricardo Nunes; University of Surrey
Nikhil Rao; Federal Reserve Bank of Boston
Viacheslav Sheremirov; Federal Reserve Bank of Boston
   presented by: Viacheslav Sheremirov, Federal Reserve Bank of Boston
 
Session 15: Stress Tests
May 18, 2018 15:00 to 16:30
Grainger 4580
 
Session Organizer: Briana Chang, UW Madison
Session Chair: Nicolas Inostroza, Northwestern University
Session type: contributed
 

Design of Macro-prudential Stress Tests
By Dmitry Orlov; University of Rochester
Andy Skrzypacz; Stanford Graduate School of Business
Pavel Zryumov; University of Rochester
   presented by: Pavel Zryumov, University of Rochester
 

Model Secrecy and Stress Tests
By Yaron Leitner; Federal Reserve Bank of Philadelphia
Basil Williams; New York University
   presented by: Basil Williams, New York University
 

Persuasion in Global Games with Application to Stress Testing
By Nicolas Inostroza; Northwestern University
Alessandro Pavan; Northwestern University
   presented by: Nicolas Inostroza, Northwestern University
 
Session 16: Credit and Investment
May 19, 2018 9:00 to 10:30
Grainger 2335
 
Session Organizer: Bruno Sultanum,
Session Chair: Rish Singhania, University of Exeter
Session type: contributed
 

Private Credit Creation in the Modern Financial Market
By Tingting Zhu; Unversity of California, Davis
   presented by: Tingting Zhu, Unversity of California, Davis
 

The Role of Corporate Taxes in the Decline of the Startup Rate
By Julian Neira; University of Exeter
Rish Singhania; University of Exeter
   presented by: Rish Singhania, University of Exeter
 

The Effect of Credit Crunch on Output Price Dynamics: The Corporate Inventory and Liquidity Management Channel
By Ryan Kim; Columbia University
   presented by: Ryan Kim, Columbia University
 
Session 17: Industry and Firm Dynamics
May 19, 2018 9:00 to 10:30
Grainger 2339
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Nida Cakir Melek, Federal Reserve Bank of Kansas City
Session type: contributed
 

The US Shale Oil Boom, the Oil Export Ban and the Economy: A General Equilibrium Analysis
By Nida Cakir Melek; Federal Reserve Bank of Kansas City
   presented by: Nida Cakir Melek, Federal Reserve Bank of Kansas City
 

Productivity Dispersion, Between-firm Competition and the Labor Share
By Emilien Gouin-Bonenfant; University of California, San Diego
   presented by: Emilien Gouin-Bonenfant, University of California, San Diego
 

The Geography of Consumer Prices
By Attila Ratfai; Central European University
   presented by: Attila Ratfai, Central European University
 
Session 18: Intermediation and Monetary Policy
May 19, 2018 9:00 to 10:30
Grainger 2520
 
Session Organizer: Noah Williams, University of Wisconsin
Session Chair: Zehao Li, University of Wisconsin-Madison
Session type: contributed
 

Nominal Interest Rates and Inflation Rate Inversion: Bank Shocks and the Great Recession
By Tamas Csabafi; University of Missouri, St Louis
Ceri Davies; University of Birmingham
Max Gillman; University of Missouri at St Louis
Michal Kejak; CERGE-EI
   presented by: Tamas Csabafi, University of Missouri, St Louis
 

Middlemen in Search Models with Intensive and Extensive Margins
By Grace Xun Gong; University of Wisconsin - Madison
   presented by: Grace Xun Gong, University of Wisconsin - Madison
 

Leverage of the Intermediary and the Effect of Monetary Policy
By Zehao Li; University of Wisconsin-Madison
   presented by: Zehao Li, University of Wisconsin-Madison
 
Session 19: Wages
May 19, 2018 9:00 to 10:30
Grainger 2510
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Andrew Glover, University of Texas Austin
Session type: contributed
 

Sticky Wages, Private Consumption and Fiscal Multipliers
By Bill Dupor; Federal Reserve Bank of St. Louis
Jingchao Li; East China University of Science and Technology
Rong Li; Renmin University of China
   presented by: Bill Dupor, Federal Reserve Bank of St. Louis
 

Regional Consumption Responses and the Aggregate Fiscal Multiplier
By Bill Dupor; Federal Reserve Bank of St. Louis
Marios Karabarbounis; Federal Reserve Bank of Richmond
Marianna Kudlyak; Federal Reserve Bank of San Francisco
M. Saif Mehkari; University of Richmond
   presented by: Marianna Kudlyak, Federal Reserve Bank of San Francisco
 

Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound
By Andrew Glover; University of Texas Austin
   presented by: Andrew Glover, University of Texas Austin
 
Session 20: Sovereign Debt
May 19, 2018 9:00 to 10:30
Grainger 3335
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Daniele Siena, Banque de France
Session type: contributed
 

Optimal Redistributive Policy in Debt Constrained Economies
By Monica Tran Xuan; University of Minnesota
   presented by: Monica Tran Xuan, University of Minnesota
 

Sovereign Risk Premia and Corporate Balance Sheets
By Steve Pak Yeung Wu; UW-Madison
   presented by: Steve Pak Yeung Wu, UW-Madison
 

Real Interest Rates and Productivity in Small Open Economies
By Tommaso Monacelli; Università Bocconi and IGIER
Luca Sala; Universita' Bocconi
Daniele Siena; Banque de France
   presented by: Daniele Siena, Banque de France
 
Session 21: Financial stability
May 19, 2018 9:00 to 10:30
Grainger 3560
 
Session Organizer: Bruno Sultanum,
Session Chair: Dominik Supera, Wharton School, University of Pennsylvania
Session type: contributed
 

Banking Panics and The Lender of Last Resort in a Monetary Economy
By Tarishi Matsuoka; Tokyo Metropolitan University
   presented by: Tarishi Matsuoka, Tokyo Metropolitan University
 

Resolution and Fire-sales
By Ryuichiro Izumi; Rutgers university
Yang Li; Nankai University
   presented by: Ryuichiro Izumi, Rutgers university
 

Bank Capital in the Short and in the Long Run
By Caterina Mendicino; European Central Bank
Kalin Nikolov; European Central Bank
Javier Suarez; CEMFI
Dominik Supera; Wharton School, University of Pennsylvania
   presented by: Dominik Supera, Wharton School, University of Pennsylvania
 
Session 22: Money and Markets
May 19, 2018 9:00 to 10:30
Grainger 4349
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Luis Araujo, Michigan State University
Session type: contributed
 

FRICTIONAL GOODS MARKETS: THEORY AND APPLICATIONS
By Zachary Bethune; University of Virginia
Michael Choi; University of Iowa
Randall Wright; University of Wisconsin
   presented by: Michael Choi, University of Iowa
 

A Competitive Monetary Search Model with Ex-ante and Ex-post Terms of Trade
By Liang Wang; University of Hawaii Manoa
   presented by: Liang Wang, University of Hawaii Manoa
 

Money and Credit Remix
By Luis Araujo; Michigan State University
   presented by: Luis Araujo, Michigan State University
 
Session 23: Taxes and Benefits
May 19, 2018 9:00 to 10:30
Grainger 4580
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Alexandre Gaillard, Toulouse School of Economics
Session type: contributed
 

Welfare Implications of Switching to Consumption Taxation
By Juan Carlos Conesa; Stony Brook University
Qian Li; Shanghai University of Finance and Economics
   presented by: Qian Li, Shanghai University of Finance and Economics
 

Use It Or Lose It: Efficiency Gains from Wealth Taxation
By Fatih Guvenen; University of Minnesota
Gueorgui Kambourov; University of Toronto
Burhanettin Kuruscu; University of Toronto
Sergio Ocampo; University of Minnesota
Daphne Chen; Florida State University
   presented by: Burhanettin Kuruscu, University of Toronto
 

Entrepreneurship, Unemployment and Insurance Effect
By Alexandre Gaillard; Toulouse School of Economics
Sumudu Kankanamge; Toulouse School of Economics
   presented by: Alexandre Gaillard, Toulouse School of Economics
 
Session 24: Industrial Organization
May 19, 2018 11:00 to 12:30
Grainger 3335
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Pablo D'Erasmo, FRB Philadelphia
Session type: contributed
 

Public Enterprises and the Rise and Fall of Labor Share
By Benjamin Bridgman; U.S. Bureau of Economic Analysis
   presented by: Benjamin Bridgman, U.S. Bureau of Economic Analysis
 

How Wide is the Firm Border?
By Enghin Atalay; University of Wisconsin, Madison
Ali Hortacsu; University of Chicago
Mary Li; Compass Lexecon
Chad Syverson; Univ of Chicago
   presented by: Enghin Atalay, University of Wisconsin, Madison
 

Reorganization or Exit: Bankruptcy Decisions and Firm Dynamics
By Pablo D'Erasmo; FRB Philadelphia
Dean Corbae; University of Wisconsin
   presented by: Pablo D'Erasmo, FRB Philadelphia
 
Session 25: Firm Dynamics
May 19, 2018 11:00 to 12:30
Grainger 2339
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
Session type: contributed
 

The Persistent Effects of Entry and Exit
By Aubhik Khan; Ohio State University
Tatsuro Senga; Queen Mary University of London
Julia Thomas; Ohio State University
   presented by: Aubhik Khan, Ohio State University
 

Financial Heterogeneity and the Investment Channel of Monetary Policy
By Pablo Ottonello; University of Michigan
Thomas Winberry; University of Chicago
   presented by: Pablo Ottonello, University of Michigan
 

Declining Interest Rates, Rising Concentration and Declining Startups
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia
Burcu Eyigungor; Federal Reserve Bank of Philadelphia
   presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
 
Session 26: Fragmented Financial Markets
May 19, 2018 11:00 to 12:30
Grainger 4349
 
Session Organizer: Briana Chang, UW Madison
Session Chair: Semih Üslü, Johns Hopkins University
Session type: contributed
 

Endogenous Market Structure: Over-the-Counter and Centralized Trading
By Ji Hee Yoon; University of Wisconsin - Madison
   presented by: Ji Hee Yoon, University of Wisconsin - Madison
 

Trading Financial Innovation
By Ana Babus; Washington University in St. Louis
Kinda Hachem; University of Chicago
   presented by: Kinda Hachem, University of Chicago
 

Platform Trading with an OTC Market Fringe
By Jerome Dugast; University of Luxembourg
Semih Üslü; Johns Hopkins University
Pierre-Olivier Weill; University of California, Los Angeles
   presented by: Semih Üslü, Johns Hopkins University
 
Session 27: Household Finance and the Macroeconomy
May 19, 2018 11:00 to 12:30
Grainger 3560
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Eirik Brandsaas, UW-Madison
Session type: contributed
 

The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population
By Finn Kydland; University of California, Santa Barbara
Nicholas Pretnar; Carnegie Mellon University
   presented by: Nicholas Pretnar, Carnegie Mellon University
 

Couples' and Singles' Savings After Retirement
By John Jones; Federal Reserve Bank of Richmond
Mariacristina De Nardi; Federal Reserve Bank of Chicago
Eric French; University College London
Rory McGee; University College London/IFS
   presented by: John Jones, Federal Reserve Bank of Richmond
 

Household Stock Market Participation: The Role of Homeownership
By Eirik Brandsaas; UW-Madison
   presented by: Eirik Brandsaas, UW-Madison
 
Session 28: Employment and Wages
May 19, 2018 11:00 to 12:30
Grainger 4580
 
Session Organizer: Rasmus Lentz, University of Wisconsin Madison
Session Chair: Amanda Michaud, Indiana University
Session type: contributed
 

Family Labor Market Decisions and Statistical Gender Discrimination
By David Cuberes; Clark University
Sevi Rodriguez Mora; University of Edinburgh
Marc Teignier; Universitat de Barcelona
   presented by: David Cuberes, Clark University
 

The Wages of Nonemployment
By Michael Elsby; University of Edinburgh
Ryan Michaels; Federal Reserve Bank of Philadelphia
David Ratner; Federal Reserve Board
Matthew Shapiro; University of Michigan
   presented by: David Ratner, Federal Reserve Board
 

Dynamics of Deterrence: A Macroeconomic Perspective on Punitive Justice Policy.
By Bulent Guler; Indiana University Bloomington
Amanda Michaud; Indiana University
   presented by: Amanda Michaud, Indiana University
 
Session 29: Monetary Economics
May 19, 2018 11:00 to 12:30
Grainger 2335
 
Session Organizer: ,
Session Chair: MICHELE LOBERTO, Banca d'Italia
Session type: contributed
 

Risk Heterogeneity, Liquidity, and Welfare
By Michael Curran; Villanova University
Scott Dressler; Villanova University
   presented by: Scott Dressler, Villanova University
 

Financial Frictions, Liquidity Traps, and the Implementation of Monetary Policy
By Tiantian Dai; Central University of Finance and Economics
Chao He; Shanghai University of Finance and Economics
   presented by: Tiantian Dai, Central University of Finance and Economics
 

Safety Traps, Liquidity and Information-Sensitive Assets
By MICHELE LOBERTO; Banca d'Italia
   presented by: MICHELE LOBERTO, Banca d'Italia
 
Session 30: Macroeconomic Risks and Asset Markets
May 19, 2018 11:00 to 12:30
Grainger 2520
 
Session Organizer: Ivan Shaliastovich, University of Wisconsin Madison
Session Chair: Jaroslav Borovicka, New York University
Session type: contributed
 

Macro Risks and the Term Structure of Interest Rates
By Andrey Ermolov; Gabelli School of Business, Fordham Univ
   presented by: Andrey Ermolov, Gabelli School of Business, Fordham Univ
 

The Equity Premium, Long-Run Risk, and Optimal Monetary Policy
By Anthony Diercks; Federal Reserve Board
   presented by: Anthony Diercks, Federal Reserve Board
 

Discount rates and employment fluctuations
By Jaroslav Borovicka; New York University
Katarina Borovickova; New York University
   presented by: Jaroslav Borovicka, New York University
 
Session 31: Structural Models of Public Policy
May 19, 2018 11:00 to 12:30
Grainger 2510
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Jesper Bagger, Royal Holloway, University of London
Session type: contributed
 

The Equilibrium Effect of Housing Vouchers on Neighborhood Composition
By Morris Davis; Rutgers Business School, Rutgers Univers
Jesse Gregory; University of Wisconsin
Daniel Hartley; Federal Reserve Bank of Chicago
   presented by: Morris Davis, Rutgers Business School, Rutgers Univers
 

Inequality in Public School Expenditures across Space and Time
By Christopher Biolsi; Western Kentucky University
Steven Craig; University of Houston
Amrita Dhar; University of Houston
Bent Sorensen; University of Houston
   presented by: Christopher Biolsi, Western Kentucky University
 

Equilibrium Labor Allocation and Income Taxation
By Jesper Bagger; Royal Holloway, University of London
Mads Hejlesen; Aarhus University
Kazuhiko Sumiya; Royal Holloway, University of London
Rune Vejlin; Aarhus University
   presented by: Jesper Bagger, Royal Holloway, University of London
 
Session 32: Search
May 19, 2018 13:30 to 15:00
Grainger 3335
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Ayushi Bajaj, Monash University
Session type: contributed
 

Intermediation in Markets for Goods and Markets for Assets
By Ed Nosal
Randall Wright; University of Wisconsin
   presented by: Ed Nosal,
 

Firm Bargaining Regimes and the Shimer Puzzle
By Pedro Gomis-Porqueras; Deakin University
Ben Griffy; University of California, Santa Barbara
   presented by: Ben Griffy, University of California, Santa Barbara
 

Digitization and Demonetization in a Shadow Economy Model
By Ayushi Bajaj; Monash University
   presented by: Ayushi Bajaj, Monash University
 
Session 33: Consumer Finance
May 19, 2018 13:30 to 15:00
Grainger 3560
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Florian Exler, University of Vienna
Session type: contributed
 

Does Collateral Value Affect Asset Prices? Evidence from a Natural Experiment in Texas
By Albert Zevelev; Baruch CUNY
   presented by: Albert Zevelev, Baruch CUNY
 

Time to Repay or Time to Delay? The Effect of Having More Time Before a Payday Loan is Due
By Susan Carter; United States Military Academy
Kuan Liu; University of Wisconsin-Madison
Paige Skiba; Vanderbilt University
Justin Sydnor; University of Wisconsin, Madison
   presented by: Kuan Liu, University of Wisconsin-Madison
 

Regulating Consumer Credit with Over-Optimistic Borrowers
By Florian Exler; University of Vienna
Igor Livshits; Federal Reserve Bank of Philadelphia
James MacGee; University of Western Ontario
Michele Tertilt; University of Mannheim
   presented by: Florian Exler, University of Vienna
 
Session 34: Monetary Theory and Policy
May 19, 2018 13:30 to 15:00
Grainger 2339
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Cathy Zhang, Purdue University
Session type: contributed
 

Gradual Bargaining in Decentralized Asset Markets
By Tai-Wei Hu; Kellogg School of Management Department
Younghwan In; KAIST
Lucie Lebeau; UC Irvine
Guillaume Rocheteau; University of California, Irvine
   presented by: Lucie Lebeau, UC Irvine
 

Can the Fiscal Authority Constrain the Central Bank?
By Stephen Williamson; Western University
   presented by: Stephen Williamson, University of Western Ontario
 

Lending Relationships and Optimal Monetary Policy
By Guillaume Rocheteau; University of California, Irvine
Russell Wong; Federal Reserve Bank of Richmond
Cathy Zhang; Purdue University
   presented by: Cathy Zhang, Purdue University
 
Session 35: Labor Markets, Labor Share, and Technology Adoption
May 19, 2018 13:30 to 15:00
Grainger 4580
 
Session Organizer: Rasmus Lentz, University of Wisconsin Madison
Session Chair: Edouard Wemy, Clark University
Session type: contributed
 

Outsourcing, Firm Innovation, and Industry Dynamics in the Production of Semiconductors
By Jeff Thurk; University of Notre Dame
   presented by: Jeff Thurk, University of Notre Dame
 

Demographic Origins of the Decline in Labor's Share
By Andrew Glover; University of Texas Austin
Jacob Short; University of Western Ontario
   presented by: Jacob Short, University of Western Ontario
 

What is the Long-run Relationship between the Labor Income Share and Relative Price of Investment
By Edouard Wemy; Clark University
   presented by: Edouard Wemy, Clark University
 
Session 36: Industrial Organization
May 19, 2018 13:30 to 15:00
Grainger 2335
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Lorenzo Magnolfi, University of Wisconsin-Madison
Session type: contributed
 

Estimating Markups with a Flexible Supply Model
By Ying Fan; University of Michigan
Christopher Sullivan; University of Wisconsin-Madison
   presented by: Christopher Sullivan, University of Wisconsin-Madison
 

Price-cost markups in U.S. manufacturing
By Chen Yeh; University of Illinois at Urbana-Champaign
   presented by: Chen Yeh, University of Illinois at Urbana-Champaign
 

The Competitive Conduct of Consumer Cooperatives
By Lorenzo Magnolfi; University of Wisconsin-Madison
Camilla Roncoroni; University of Warwick
   presented by: Lorenzo Magnolfi, University of Wisconsin-Madison
 
Session 37: Corporate Finance
May 19, 2018 13:30 to 15:00
Grainger 4349
 
Session Organizer: Oliver Levine, University of Wisconsin-Madison
Session Chair: Brent Glover, Carnegie Mellon University
Session type: contributed
 

Corporate Governance, Managerial Compensation, and Disruptive Innovations
By Murat Celik; University of Toronto
Xu Tian; University of Toronto
   presented by: Xu Tian, University of Toronto
 

The Underwriter Relationship and Corporate Debt Maturity
By Indraneel Chakraborty; University of Miami
Andrew MacKinlay; Virginia Tech
   presented by: Andrew MacKinlay, Virginia Tech
 

Worldwide taxes, agency conflicts, and investment
By James Albertus
Brent Glover; Carnegie Mellon University
Oliver Levine; University of Wisconsin-Madison
   presented by: Brent Glover, Carnegie Mellon University
 
Session 38: Financial Intermediation
May 19, 2018 13:30 to 15:00
Grainger 2510
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Lukasz Drozd, Federal Reserve Bank of Philadelphia
Session type: contributed
 

Macroprudential Capital Requirements with Non-Bank Finance
By Kyle Dempsey; The Ohio State University
   presented by: Kyle Dempsey, The Ohio State University
 

Financing Ventures
By Jeremy Greenwood; University of Pennsylvania
Pengfei Han; University of Pennsylvania
Juan Sanchez; Federal Reserve Bank of St. Louis
   presented by: Juan Sanchez, Federal Reserve Bank of St. Louis
 

Why Tease? Role and Ramifications of Credit Card Teaser Rates
By Lukasz Drozd; Federal Reserve Bank of Philadelphia
Michael Kowalik; NA
Ricardo Serrano-Padial; Drexel University
   presented by: Lukasz Drozd, Federal Reserve Bank of Philadelphia
 
Session 39: Economy and Asset Markets
May 19, 2018 13:30 to 15:00
Grainger 2520
 
Session Organizer: Ivan Shaliastovich, University of Wisconsin Madison
Session Chair: Ian Dew-Becker, Northwestern University, Kellogg School
Session type: contributed
 

Model-Free International Stochastic Discount Factors
By Andrea Vedolin; Boston University, Questrom School of Business
   presented by: Andrea Vedolin, Boston University, Questrom School of Business
 

Government Policy Approval and Exchange Rates
By Yang Liu; University of Hong Kong
Ivan Shaliastovich; University of Wisconsin Madison
   presented by: Ivan Shaliastovich, University of Wisconsin Madison
 

How do investors perceive the risks from macroeconomic and financial uncertainty? Evidence from 19 option markets
By Ian Dew-Becker; Northwestern University, Kellogg School
   presented by: Ian Dew-Becker, Northwestern University, Kellogg School
 
Session 40: Asset Liquidity and Policy
May 19, 2018 15:30 to 17:00
Grainger 2520
 
Session Organizer: Randall Wright, University of Wisconsin
Session Chair: Athanasios Geromichalos, UC Davis
Session type: contributed
 

Frictional Capital Reallocation II: Ex Post Heterogeneity
By Randall Wright; University of Wisconsin
Xiaolin Xiao; Economics Discipline Group
Yu Zhu; Bank of Canada
   presented by: Yu Zhu, Bank of Canada
 

The Liquidity Augmented Model of Macroeconomic Aggregates
By Athanasios Geromichalos; UC Davis
Lucas Herrenbrueck; Simon Fraser University
   presented by: Lucas Herrenbrueck, Simon Fraser University
 

Private Money Creation and Equilibrium Liquidity
By Pierpaolo Benigno; LUISS Guido Carli
Roberto Robatto; University of Wisconsin-Madison
   presented by: Roberto Robatto, University of Wisconsin-Madison
 
Session 41: Dynamic Misallocation
May 19, 2018 15:30 to 17:00
Grainger 2339
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Sangeeta Pratap, Hunter College and CUNY Graduate Center
Session type: contributed
 

Misallocation costs of digging deeper into the Central Bank Toolkit
By Robert Kurtzman; Federal Reserve Board
David Zeke; University of Southern California
   presented by: David Zeke, University of Southern California
 

Credit Conditions, Dynamic Distortions and Capital Accumulation
By Felipe Meza; Instituto Tecnológico Autónomo de Méx
Sangeeta Pratap; Hunter College and CUNY Graduate Center
Carlos Urrutia; CIE-ITAM
   presented by: Sangeeta Pratap, Hunter College and CUNY Graduate Center
 

Misallocation and Financial Frictions: the Role of Long-Term Financing
By Marios Karabarbounis; Federal Reserve Bank of Richmond
Patrick Macnamara; University of Manchester
   presented by: Marios Karabarbounis, Federal Reserve Bank of Richmond
 
Session 42: Optimal Policy
May 19, 2018 15:30 to 17:00
Grainger 2335
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Yuzhe Zhang, Texas A&M University
Session type: contributed
 

Social Interactions and Optimal Progressivity of Redistribution
By Debasis Bandyopadhyay; University of Auckland
Xueli Tang; Deakin University
   presented by: Debasis Bandyopadhyay, University of Auckland
 

Optimal Unemployment Insurance in a Directed Search Model
By Lawrence Warren; U.S. Census Bureau
Martin Gervais; Universeity of Iowa
   presented by: Lawrence Warren, U.S. Census Bureau
 

Optimal Infant Industry Protection
By B Ravikumar; Federal Reserve Bank of St Louis
Raymond Riezman; University of Iowa
Yuzhe Zhang; Texas A&M University
   presented by: Yuzhe Zhang, Texas A&M University
 
Session 43: Firm Growth and Innovation
May 19, 2018 15:30 to 17:00
Grainger 3335
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Faisal Sohail, Washington University in St. Louis
Session type: contributed
 

Advertising, Innovation and Economic Growth
By Laurent Cavenaile; University of Toronto
Pau Roldan; New York University
   presented by: Laurent Cavenaile, University of Toronto
 

Firm Growth through New Establishments
By Dan Cao; Georgetown University
Toshihiko Mukoyama; University of Virginia
Erick Sager; Bureau of Labor Statistics
   presented by: Erick Sager, Bureau of Labor Statistics
 

Employer Size and Spinout Dynamics
By Faisal Sohail; Washington University in St. Louis
   presented by: Faisal Sohail, Washington University in St. Louis
 
Session 44: Models of Labor Markets
May 19, 2018 15:30 to 17:00
Grainger 3560
 
Session Organizer: Rasmus Lentz, University of Wisconsin Madison
Session Chair: Nicolas Petrosky-Nadeau, FRB San Francisco
Session type: contributed
 

Employment Inequality: Why Do the Low-Skilled Work Less Now?
By Erin Wolcott; Middlebury College
   presented by: Erin Wolcott, Middlebury College
 

What can explain the hump-shaped job search intensities over the life-cycle?
By ShinHyuck Kang; Indiana University
   presented by: ShinHyuck Kang, Indiana University
 

The Efficiency of Surplus Sharing in Sequential Labor and Goods Markets
By Nicolas Petrosky-Nadeau; FRB San Francisco
Etienne Wasmer; NYU AD
Philippe Weil; Université Libre de Bruxelles
   presented by: Nicolas Petrosky-Nadeau, FRB San Francisco
 
Session 45: Financial Markets and Asset Returns
May 19, 2018 15:30 to 17:00
Grainger 4349
 
Session Organizer: Briana Chang, UW Madison
Session Chair: Mark Ready, University of Wisconsin
Session type: contributed
 

Federal Reserve Private Information and the Stock Market
By Aeimit Lakdawala; Michigan State University
Matthew Schaffer; Michigan State University
   presented by: Matthew Schaffer, Michigan State University
 

Order Flows and Retail Investor Impacts in Commodity Futures Markets
By Mark Ready; University of Wisconsin
Robert Ready; University of Oregon
   presented by: Mark Ready, University of Wisconsin
 

The U.S. Direct Investment Returns Differential
By James Albertus
   presented by: James Albertus,
 
Session 46: Sovereign Risk and Dynamic Contracting
May 19, 2018 15:30 to 17:00
Grainger 4580
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Gabriel Mihalache, Stony Brook University
Session type: contributed
 

Debt, Defaults and Dogma: politics and the dynamics of sovereign debt markets
By Cesar Sosa-Padilla; Notre Dame
Alok Johri; McMaster University
Ionut Cotoc; McMaster University
   presented by: Ionut Cotoc, McMaster University
 

Inflation Targeting with Sovereign Default Risk
By Cristina Arellano; Federal Reserve Bank of Minneapolis
Yan Bai; University of Rochester
Gabriel Mihalache; Stony Brook University
   presented by: Gabriel Mihalache, Stony Brook University
 

A Theory of Dynamic Contracting with Financial Constraints
By ILIA KRASIKOV; Pennsylvania State University
Rohit Lamba; Penn State University
   presented by: ILIA KRASIKOV, Pennsylvania State University
 
Session 47: Networks, Segmented Markets, and Information Aggregation
May 19, 2018 15:30 to 17:00
Grainger 2510
 
Session Organizer: Enghin Atalay, University of Wisconsin, Madison
Session Chair: Christian vom Lehn, Brigham Young University
Session type: contributed
 

Cascades and Fluctuations in an Economy with an Endogenous Production Network
By Mathieu Taschereau-Dumouchel; Cornell University
   presented by: Mathieu Taschereau-Dumouchel, Cornell University
 

Efficiency and Information Aggregation in Heterogeneous Markets
By Yaarit Even; Columbia Business School
Alireza Tahbaz-Salehi; Northwestern University
Xavier Vives; IESE
   presented by: Alireza Tahbaz-Salehi, Northwestern University
 

The Changing Nature of Sectoral Comovement
By Christian vom Lehn; Brigham Young University
Thomas Winberry; University of Chicago
   presented by: Christian vom Lehn, Brigham Young University
 
Session 48: Macroprudential policies and Sovereign Debt
May 20, 2018 9:00 to 10:30
Grainger 2335
 
Session Organizer: Bruno Sultanum,
Session Chair: Gaston Chaumont, Pennsylvania State University
Session type: contributed
 

Financial Stability, Growth and Macroprudential Policy
By Chang Ma; Johns Hopkins University
   presented by: Chang Ma, Johns Hopkins University
 

Heterogeneous Welfare Effects of Optimal Macroprudential Policy
By Aliaksandr Zaretski; Emory University
   presented by: Aliaksandr Zaretski, Emory University
 

Sovereign Debt, Default Risk, and the Liquidity of Government Bonds
By Gaston Chaumont; Pennsylvania State University
   presented by: Gaston Chaumont, Pennsylvania State University
 
Session 49: Optimal Taxation
May 20, 2018 9:00 to 10:30
Grainger 2339
 
Session Organizer: Noah Williams, University of Wisconsin
Session Chair: Choongryul Yang, University of Texas at Austin
Session type: contributed
 

Flexible Retirement and Optimal Taxation
By Abdoulaye Ndiaye; Northwestern University
   presented by: Abdoulaye Ndiaye, Northwestern University
 

Taxation, Credit Spreads and Liquidity Traps
By William Tayler; Lancaster University
Roy Zilberman; Lancaster University
   presented by: William Tayler, Lancaster University
 

Macroeconomic Effects of Capital Tax Rate Changes
By Saroj Bhattarai; University of Texas at Austin
Jae Won Lee; University of Virginia
Woong Yong Park; Seoul National University
Choongryul Yang; University of Texas at Austin
   presented by: Choongryul Yang, University of Texas at Austin
 
Session 50: Optimal Monetary and Fiscal Policy
May 20, 2018 9:00 to 10:30
Grainger 2520
 
Session Organizer: Noah Williams, University of Wisconsin
Session Chair: Yamin Ahmad, University of Wisconsin - Whitewater
Session type: contributed
 

Redistributive Effects of Inflation, Output, Unemployment and Labor Force Participation
By Alok Kumar; University of Victoria
   presented by: Alok Kumar, University of Victoria
 

Likelihood Evaluation of Models with Occasionally Binding Constraints
By Pablo Cuba-Borda; Federal Reserve Board
   presented by: Pablo Cuba-Borda, Federal Reserve Board
 

The Role of Limited Information in Asset Price Dynamics
By Yamin Ahmad; University of Wisconsin - Whitewater
Eylem Ersal-Kiziler; University of Wisconsin-Whitewater
   presented by: Yamin Ahmad, University of Wisconsin - Whitewater
 
Session 51: Dynamic Models of Moral Hazard
May 20, 2018 9:00 to 10:30
Grainger 2510
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Martin Szydlowski, University of Minnesota
Session type: contributed
 

Optimal Exclusion
By Cyril Monnet; Universitat Bern
Erwan Quintin; University of Wisconsin Madison
   presented by: Erwan Quintin, University of Wisconsin Madison
 

On the Persistence of Monetary Trading: Incentive-feasible Memory is Money
By Guilherme Carmona; University of Surrey
   presented by: Guilherme Carmona, University of Surrey
 

Monitor Reputation and Transparency
By Martin Szydlowski; University of Minnesota
   presented by: Martin Szydlowski, University of Minnesota
 
Session 52: Intermediation
May 20, 2018 9:00 to 10:30
Grainger 3335
 
Session Organizer: Bruno Sultanum,
Session Chair: Nicholas Trachter, Federal Reserve Bank of Richmond
Session type: contributed
 

Speculative Bubbles in an Economy with Flippers
By Yu Awaya; University of Rochester
Makoto Watanabe; VU University Amsterdam
   presented by: Yu Awaya, University of Rochester
 

An information-based theory of financial intermediation
By Zachary Bethune; University of Virginia
Bruno Sultanum
Nicholas Trachter; Federal Reserve Bank of Richmond
   presented by: Nicholas Trachter, Federal Reserve Bank of Richmond
 

A Model of Bank Credit Cycles
By Jianxing Wei; Universitat Pompeu Fabra
Tong Xu; SWUFE
   presented by: Tong Xu, SWUFE
 
Session 53: Search Models
May 20, 2018 9:00 to 10:30
Grainger 3560
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Chao He, Shanghai University of Finance and Economics
Session type: contributed
 

Partial commitment in models of on-the-job search with an application to minimum wage spillovers
By Axel Gottfries; University of Cambridge
   presented by: Axel Gottfries, University of Cambridge
 

Efficiency in Search and Matching Models: A Generalized Hosios Condition
By Sephorah Mangin; Australian National University
Benoit Julien; UNSW Australia, UNSW Business School
   presented by: Benoit Julien, UNSW Australia, UNSW Business School
 

Multi-market Simultaneous Search: More Can Be Less
By Xiaodong Fan; University of New South Wales
Chao He; Shanghai University of Finance and Economics
   presented by: Chao He, Shanghai University of Finance and Economics
 
Session 54: Debt, Macroeconomy, and Asset Prices
May 20, 2018 11:00 to 12:30
Grainger 2520
 
Session Organizer: Ivan Shaliastovich, University of Wisconsin Madison
Session Chair: Thomas Drechsel, LSE
Session type: contributed
 

Ambiguous Leverage Cycles
By Marzio Bassanin; LUISS Guido Carli and ECB
Ester Faia; Goethe University Frankfurt
Valeria Patella; Goethe University Frankfurt
   presented by: Marzio Bassanin, LUISS Guido Carli and ECB
 

Government Debt and Risk Premia
By Yang Liu; University of Hong Kong
   presented by: Yang Liu, University of Hong Kong
 

Flow-Based Borrowing Constraints and Macroeconomic Fluctuations
By Thomas Drechsel; LSE
   presented by: Thomas Drechsel, LSE
 
Session 55: Firm Dynamics
May 20, 2018 11:00 to 12:30
Grainger 2510
 
Session Organizer: Dean Corbae, University of Wisconsin
Session Chair: Jonathan Willis, Federal Reserve Bank of Kansas City
Session type: contributed
 

Learning, Firm Entry and Exit, and Business Cycles
By Can Tian; Washington State University
   presented by: Can Tian, Washington State University
 

Demographic Origins of the Startup Deficit
By Fatih Karahan; Federal Reserve Bank of New York
Benjamin Pugsley; University of Notre Dame
Aysegul Sahin; Federal Reserve Bank of New York
   presented by: Fatih Karahan, Federal Reserve Bank of New York
 

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 56: Expectations and Monetary Policy
May 20, 2018 11:00 to 12:30
Grainger 2339
 
Session Organizer: Noah Williams, University of Wisconsin
Session Chair: Andreas Tischbirek, University of Lausanne
Session type: contributed
 

Asset Price Learning and Optimal Monetary Policy
By Colin Caines; Federal Reserve Board
Fabian Winkler; Federal Reserve Board
   presented by: Colin Caines, Federal Reserve Board
 

Limited Commitment and the Implementation of Monetary Policy
By Garth Baughman; Federal Reserve Board
Francesca Carapella; Federal Reserve Board
   presented by: Garth Baughman, Federal Reserve Board
 

Beauty Contests and the Term Structure
By Martin Ellison; University of Oxford
Andreas Tischbirek; University of Lausanne
   presented by: Andreas Tischbirek, University of Lausanne
 
Session 57: Life-Cycle, Demographics and the Macroeconomy
May 20, 2018 11:00 to 12:30
Grainger 2335
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Roozbeh Hosseini, University of Georgia
Session type: contributed
 

Demographics and the Evolution of Global Imbalances
By Michael Sposi; Federal Reserve Bank of Dallas
   presented by: Michael Sposi, Federal Reserve Bank of Dallas
 

College Loans and Post-schooling Skill Accumulation
By Chao Fu; University of Wisconsin - Madison
Hsuan-Chih Lin; Academia Sinica
Atsuko Tanaka; University of Calgary
   presented by: Hsuan-Chih Lin, Academia Sinica
 

The Evolution of Health over the Life Cycle
By Roozbeh Hosseini; University of Georgia
Karen Kopecky; Federal Reserve Bank of Atlanta
Kai Zhao; University of Connecticut
   presented by: Roozbeh Hosseini, University of Georgia
 
Session 58: Quantitative Macroeconomics
May 20, 2018 11:00 to 12:30
Grainger 3335
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Marcelo Arbex, University of Windsor
Session type: contributed
 

Size-dependent policies, talent misallocation, and the return to skill
By Jose Lopez; University of Memphis
Jesica Torres; Inter-American Development Bank
   presented by: Jose Lopez, University of Memphis
 

Structural Transformation: A Race between Demographics and Technology
By Bart Hobijn; Arizona State University
Todd Schoellman; Federal Reserve Bank of Minneapolis
Alberto Vindas Q.; Arizona State University
   presented by: Alberto Vindas Q., Arizona State University
 

The Economic Effects of Temperature Shocks when People Value Nature
By Marcelo Arbex; University of Windsor
Michael Batu; University of Windsor
   presented by: Marcelo Arbex, University of Windsor
 
Session 59: Money, Assets, Terms of Trade and Heterogeneity
May 20, 2018 11:00 to 12:30
Grainger 3560
 
Session Organizer: Erwan Quintin, University of Wisconsin Madison
Session Chair: Benoit Julien, UNSW Australia, UNSW Business School
Session type: contributed
 

Inflationary Redistribution vs. Trading Opportunities: Cost of Inflation in a Monetary Model with Non-degenerate Distributions
By Timothy Kam; Australian National University
Junsang Lee; Sungkyunkwan University
   presented by: Timothy Kam, Australian National University
 

Inside Money, Investment, and Unconventional Monetary Policy
By Lukas Altermatt; University of Basel
   presented by: Lukas Altermatt, University of Basel
 

Coexistence of money and higher return assets in competitive search
By Benoit Julien; UNSW Australia, UNSW Business School
   presented by: Benoit Julien, UNSW Australia, UNSW Business School
 

59 sessions, 176 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Ahmad, YaminP50, C50
2Albertus, JamesP45
3Altermatt, LukasP59
4Araujo, LuisP22, C22
5Arbex, MarceloP58, C58
6Atalay, EnghinP24
7Awaya, YuP52
8Üslü, SemihP26, C26
9Bagger, JesperP31, C31
10Bajaj, AyushiP32, C32
11Bandyopadhyay, DebasisP42
12Bassanin, MarzioP54
13Baughman, GarthP56
14Biolsi, ChristopherP31
15Borovicka, JaroslavP30, C30
16Brandsaas, EirikP27, C27
17Bridgman, BenjaminP24
18Caines, ColinP56
19Cakir Melek, NidaP17, C17
20Carmona, GuilhermeP51
21Cavenaile, LaurentP43
22Chatterjee, SatyajitP25, C25
23Chaumont, GastonP48, C48
24Chien, YiLiP13
25Choi, MichaelP22
26Cotoc, IonutP46
27Csabafi, TamasP18
28Cuba-Borda, PabloP50
29Cuberes, DavidP28
30D'Erasmo, PabloP24, C24
31Dai, TiantianP29
32Dardati, EvangelinaP12
33Davis, MorrisP31
34Dempsey, KyleP38
35Dew-Becker, IanP39, C39
36Diercks, AnthonyP30
37Drechsel, ThomasP54, C54
38Dressler, ScottP29
39Drozd, LukaszP38, C38
40Dupor, BillP19
41Dvorkin, MaximilianoP9
42Eraker, BjornP8, C8
43Ermolov, AndreyP30
44Exler, FlorianP33, C33
45Gaillard, AlexandreP23, C23
46Gelfer, SachaP7
47Geromichalos, AthanasiosC40
48Glover, BrentP37, C37
49Glover, AndrewP19, C19
50Gong, Grace XunP18
51Gordon, GreyP10, C10
52Gottfries, AxelP53
53Gouin-Bonenfant, EmilienP17
54Griffy, BenP32
55Guler, BulentP13, C13
56Hachem, KindaP26
57Han, HanP2, C2
58He, ChaoP53, C53
59Herrenbrueck, LucasP40
60Hosseini, RoozbehP57, C57
61Hyatt, HenryP1
62Inostroza, NicolasP15, C15
63Izumi, RyuichiroP21
64Jiang, Janet HuaP2
65Jones, JohnP27
66Julien, BenoitP53, P59, C59
67Kam, TimothyP59
68Kang, ShinHyuckP44
69Karabarbounis, MariosP41
70Karahan, FatihP55
71Keating, JohnP3, C3
72Khan, AubhikP25
73Kim, RyanP16
74Koch, ChristofferP11, C11
75KRASIKOV, ILIAP46
76Kudlyak, MariannaP19
77Kumar, AlokP50
78Kuruscu, BurhanettinP23
79Lebeau, LucieP34
80Lee, Jae WonP5
81Lee, HyunP11
82Lee, soyoungP4
83Lei, XiaowenP6, C6
84Li, ZehaoP18, C18
85Li, QianP23
86Lin, Hsuan-ChihP57
87Liu, KuanP33
88Liu, YangP54
89Livshits, IgorP9, C9
90LOBERTO, MICHELEP29, C29
91Lopez, JoseP58
92Ma, ChangP48
93MacKinlay, AndrewP37
94Magnolfi, LorenzoP36, C36
95Marchuk, TatyanaP8
96Martin, FernandoP14
97Martinez-Garcia, EnriqueP5, C5
98Matsuoka, TarishiP21
99Michaels, RyanP12
100Michaud, AmandaP28, C28
101Mihalache, GabrielP46, C46
102Moscoso Boedo, HernanP9
103Ndiaye, AbdoulayeP49
104Norman, PeterP3
105Nosal, EdP32
106Ottonello, PabloP25
107Petrosky-Nadeau, NicolasP44, C44
108Pratap, SangeetaP41, C41
109Pretnar, NicholasP27
110Pugsley, BenjaminP12, C12
111Puzzello, DanielaP14
112Quintin, ErwanP51
113Ratfai, AttilaP17
114Ratner, DavidP28
115Ready, MarkP45, C45
116Robatto, RobertoP40
117Sager, ErickP43
118Sanchez, JuanP38
119sarada, saradaP1, C1
120Schaffer, MatthewP45
121Schneemeier, JanP6
122Schroth, JosefP13
123Shaliastovich, IvanP39
124Sheremirov, ViacheslavP14, C14
125Short, JacobP35
126Siena, DanieleP20, C20
127Singhania, RishP16, C16
128Slavik, CtiradP4, C4
129Sohail, FaisalP43, C43
130Spirovska, SandraP3
131Sposi, MichaelP57
132Sullivan, ChristopherP36
133Sun, HongfeiP2
134Supera, DominikP21, C21
135Suzuki, MichioP10
136Szydlowski, MartinP51, C51
137Tahbaz-Salehi, AlirezaP47
138Taschereau-Dumouchel, MathieuP47
139Tayler, WilliamP49
140Thurk, JeffP35
141Tian, CanP55
142Tian, XuP37
143Tischbirek, AndreasP56, C56
144Trachter, NicholasP52, C52
145Tran Xuan, MonicaP20
146Tuluk, FatihP5
147Vardishvili, OlikoP7
148Vedolin, AndreaP39
149Vindas Q., AlbertoP58
150vom Lehn, ChristianP47, C47
151Wang, LiangP22
152Warren, LawrenceP42
153Weber, RüdigerP8
154Wemy, EdouardP35, C35
155Williams, BasilP15
156Williams, NoahP7, C7
157Williamson, StephenP34
158Willis, JonathanP55, C55
159Wolcott, ErinP44
160Wu, Steve Pak YeungP20
161Xu, TongP52
162Yang, ChoongryulP49, C49
163Yeh, ChenP36
164Yoon, Ji HeeP26
165Yuen, C. Y. KelvinP6
166Zaretski, AliaksandrP48
167Zeke, DavidP41
168Zevelev, AlbertP33
169Zhang, YuzheP42, C42
170Zhang, CathyP34, C34
171Zhang, ShengxingP4
172Zhao, KaiP1
173Zhao, JakeP11
174Zhu, YuP40
175Zhu, TingtingP16
176Zryumov, PavelP15

 

This program was last updated on 2018-05-19 08:15:32 EDT