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

Summary of All Sessions
Click here for an index of all participants

#	Date/Time	Location	Type	Title	Papers	Organizer
1	May 18, 2018 13:00-14:30	Grainger 2520	contributed	Heterogeneous Households	3	Enghin Atalay
2	May 18, 2018 13:00-14:30	Grainger 3335	contributed	Frictional Asset Markets and Banking	3	Randall Wright
3	May 18, 2018 13:00-14:30	Grainger 3560	contributed	Empirical Macroeconomics	3	Noah Williams
4	May 18, 2018 13:00-14:30	Grainger 4349	contributed	Inequality	3	Erwan Quintin
5	May 18, 2018 13:00-14:30	Grainger 2339	contributed	Monetary Policy	3	Randall Wright
6	May 18, 2018 13:00-14:30	Grainger 2510	contributed	Information and Bargaining Frictions	3	Briana Chang
7	May 18, 2018 13:00-14:30	Grainger 2335	contributed	Cross-State and Cross-Country Dynamics	3	Noah Williams
8	May 18, 2018 15:00-16:30	Grainger 2510	contributed	Risk and Uncertainty in Financial Markets	3	Bjorn Eraker
9	May 18, 2018 15:00-16:30	Grainger 2335	contributed	Sovereign Default	3	Dean Corbae
10	May 18, 2018 15:00-16:30	Grainger 3560	contributed	Quantitative Methods and Measurement	2	Dean Corbae
11	May 18, 2018 15:00-16:30	Grainger 2520	contributed	Banking and Corporate Cash	3	Enghin Atalay
12	May 18, 2018 15:00-16:30	Grainger 2339	contributed	Frictions and Firms	3	Enghin Atalay
13	May 18, 2018 15:00-16:30	Grainger 3335	contributed	Taxation and Macroprudential policy in DSGE models	3	Erwan Quintin
14	May 18, 2018 15:00-16:30	Grainger 4349	contributed	Monetary Policy	3	Randall Wright
15	May 18, 2018 15:00-16:30	Grainger 4580	contributed	Stress Tests	3	Briana Chang
16	May 19, 2018 9:00-10:30	Grainger 2335	contributed	Credit and Investment	3	Bruno Sultanum
17	May 19, 2018 9:00-10:30	Grainger 2339	contributed	Industry and Firm Dynamics	3	Enghin Atalay
18	May 19, 2018 9:00-10:30	Grainger 2520	contributed	Intermediation and Monetary Policy	3	Noah Williams
19	May 19, 2018 9:00-10:30	Grainger 2510	contributed	Wages	3	Dean Corbae
20	May 19, 2018 9:00-10:30	Grainger 3335	contributed	Sovereign Debt	3	Enghin Atalay
21	May 19, 2018 9:00-10:30	Grainger 3560	contributed	Financial stability	3	Bruno Sultanum
22	May 19, 2018 9:00-10:30	Grainger 4349	contributed	Money and Markets	3	Randall Wright
23	May 19, 2018 9:00-10:30	Grainger 4580	contributed	Taxes and Benefits	3	Erwan Quintin
24	May 19, 2018 11:00-12:30	Grainger 3335	contributed	Industrial Organization	3	Erwan Quintin
25	May 19, 2018 11:00-12:30	Grainger 2339	contributed	Firm Dynamics	3	Dean Corbae
26	May 19, 2018 11:00-12:30	Grainger 4349	contributed	Fragmented Financial Markets	3	Briana Chang
27	May 19, 2018 11:00-12:30	Grainger 3560	contributed	Household Finance and the Macroeconomy	3	Dean Corbae
28	May 19, 2018 11:00-12:30	Grainger 4580	contributed	Employment and Wages	3	Rasmus Lentz
29	May 19, 2018 11:00-12:30	Grainger 2335	contributed	Monetary Economics	3
30	May 19, 2018 11:00-12:30	Grainger 2520	contributed	Macroeconomic Risks and Asset Markets	3	Ivan Shaliastovich
31	May 19, 2018 11:00-12:30	Grainger 2510	contributed	Structural Models of Public Policy	3	Erwan Quintin
32	May 19, 2018 13:30-15:00	Grainger 3335	contributed	Search	3	Randall Wright
33	May 19, 2018 13:30-15:00	Grainger 3560	contributed	Consumer Finance	3	Dean Corbae
34	May 19, 2018 13:30-15:00	Grainger 2339	contributed	Monetary Theory and Policy	3	Randall Wright
35	May 19, 2018 13:30-15:00	Grainger 4580	contributed	Labor Markets, Labor Share, and Technology Adoption	3	Rasmus Lentz
36	May 19, 2018 13:30-15:00	Grainger 2335	contributed	Industrial Organization	3	Enghin Atalay
37	May 19, 2018 13:30-15:00	Grainger 4349	contributed	Corporate Finance	3	Oliver Levine
38	May 19, 2018 13:30-15:00	Grainger 2510	contributed	Financial Intermediation	3	Erwan Quintin
39	May 19, 2018 13:30-15:00	Grainger 2520	contributed	Economy and Asset Markets	3	Ivan Shaliastovich
40	May 19, 2018 15:30-17:00	Grainger 2520	contributed	Asset Liquidity and Policy	3	Randall Wright
41	May 19, 2018 15:30-17:00	Grainger 2339	contributed	Dynamic Misallocation	3	Erwan Quintin
42	May 19, 2018 15:30-17:00	Grainger 2335	contributed	Optimal Policy	3	Erwan Quintin
43	May 19, 2018 15:30-17:00	Grainger 3335	contributed	Firm Growth and Innovation	3	Erwan Quintin
44	May 19, 2018 15:30-17:00	Grainger 3560	contributed	Models of Labor Markets	3	Rasmus Lentz
45	May 19, 2018 15:30-17:00	Grainger 4349	contributed	Financial Markets and Asset Returns	3	Briana Chang
46	May 19, 2018 15:30-17:00	Grainger 4580	contributed	Sovereign Risk and Dynamic Contracting	3	Enghin Atalay
47	May 19, 2018 15:30-17:00	Grainger 2510	contributed	Networks, Segmented Markets, and Information Aggregation	3	Enghin Atalay
48	May 20, 2018 9:00-10:30	Grainger 2335	contributed	Macroprudential policies and Sovereign Debt	3	Bruno Sultanum
49	May 20, 2018 9:00-10:30	Grainger 2339	contributed	Optimal Taxation	3	Noah Williams
50	May 20, 2018 9:00-10:30	Grainger 2520	contributed	Optimal Monetary and Fiscal Policy	3	Noah Williams
51	May 20, 2018 9:00-10:30	Grainger 2510	contributed	Dynamic Models of Moral Hazard	3	Erwan Quintin
52	May 20, 2018 9:00-10:30	Grainger 3335	contributed	Intermediation	3	Bruno Sultanum
53	May 20, 2018 9:00-10:30	Grainger 3560	contributed	Search Models	3	Erwan Quintin
54	May 20, 2018 11:00-12:30	Grainger 2520	contributed	Debt, Macroeconomy, and Asset Prices	3	Ivan Shaliastovich
55	May 20, 2018 11:00-12:30	Grainger 2510	contributed	Firm Dynamics	3	Dean Corbae
56	May 20, 2018 11:00-12:30	Grainger 2339	contributed	Expectations and Monetary Policy	3	Noah Williams
57	May 20, 2018 11:00-12:30	Grainger 2335	contributed	Life-Cycle, Demographics and the Macroeconomy	3	Erwan Quintin
58	May 20, 2018 11:00-12:30	Grainger 3335	contributed	Quantitative Macroeconomics	3	Erwan Quintin
59	May 20, 2018 11:00-12:30	Grainger 3560	contributed	Money, Assets, Terms of Trade and Heterogeneity	3	Erwan 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

 

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