Midwest Macroeconomics Meetings

Vanderbilt University, Nashville TN, USA

 
November 2, 2018
 
TimeLocationEvent
 
12:00 to 16:30Wilson Lobby Registration
 
 
13:00 to 14:30see below Sessions I, Godchaux
 
 
14:30 to 15:00Wilson Lobby Break
 
 
15:10 to 16:40see below Sessions II, Wilson Hall
 
 
16:45 to 18:00 Keynote Lecture: Joseph Kaboski, "Macroeconomic Development and Micro Evaluations", Wilson 103
 
 
18:00 to 20:00Wilson Lobby Conference Reception
 
 
 
November 3, 2018
 
TimeLocationEvent
 
08:00 to 09:00Wilson Lobby Continental Breakfast
 
 
09:00 to 10:30see below Sesssions III, Wilson Hall
 
 
10:30 to 11:00Wilson Lobby Break
 
 
11:00 to 12:30see below Session IV, Wilson Hall
 
 
12:30 to 13:30Wilson Lobby Lunch
 
 
13:30 to 15:00see below Session V, Wilson Hall
 
 
15:00 to 15:30Wilson Lobby Coffee/Tea Break
 
 
15:30 to 17:00see below Session VI, Wilson Hall
 
 
17:00 to 18:15 Keynote Lecture by Ellen McGrattan, "Measurement Behind Theory", Wilson 103
 
 
18:30 to 18:45 Board buses, 21st Avenue behind Wilson Hall
 
 
19:00 to 22:30Wildhorse Saloon Conference Banquet
 
 
 
November 4, 2018
 
TimeLocationEvent
 
08:00 to 09:00Wilson Lobby Breakfast
 
 
09:00 to 10:30see below Session VII, Wilson Hall
 
 
10:30 to 11:00Wilson Lobby Coffee/Tea Break
 
 
11:00 to 12:30see below Session VIII, Wilson Hall
 
 

 

Program Notes and Index of Sessions

Sessions I
Locations: listed below
November 2, 2018 13:00 to 14:30
 
Monetary Policy, Godchaux 167
Income risk, Godchaux 166
Labor policy, Godchaux 165
Misallocation, Godchaux 162
Banking, Godchaux 164

Sessions II
Locations: listed below
November 2, 2018 15:10 to 16:40
 
Monetary Policy, Wilson 112
Fiscal policy, Wilson 113
Firm dynamics, Wilson 115
Fiscal policy, Wilson 121
Inflation, Wilson 122
Political Economy, Wilson 127
Sovereign debt, Wilson 129
Wage rigidity, Wilson 120

Keynote Lecture: Joseph Kaboski, "Macroeconomic Development and Micro Evaluations"
Location: Wilson 103
November 2, 2018 16:45 to 18:00

Sesssions III
Locations: listed below
November 3, 2018 09:00 to 10:30
 
Monetary Policy, Wilson 112
Inequality, Wilson 113
Housing, Wilson 115
Computation, Wilson 121
Migration, Wilson 122
Supply chains, Wilson 127
Inequality, Wilson 129
Banking, Wilson 120

Session IV
Locations: listed below
November 3, 2018 11:00 to 12:30
 
Monetary Policy, Wilson 112
Wage rigidity, Wilson 113
Housing, Wilson 115
Credit constraints, Wilson 121
Demographics, Wilson 122
Inventories, Wilson 127
Tariffs and trade, Wilson 129
Human capital, Wilson 120

Session V
Locations: listed below
November 3, 2018 13:30 to 15:00
 
Interwar Macroeconomics, Wilson 112
Labor micro, Wilson 113
Housing, Wilson 115
Open Economy Macro, Wilson 121
Open Economy Macro, Wilson 122
Development, Wilson 127
Forecasting, Wilson 120

Session VI
Locations: listed below
November 3, 2018 15:30 to 17:00
 
Monetary, Wilson 112
Labor market, Wilson 113
Firm dynamics, Wilson 115
Sovereign debt, Wilson 121
Uncertainty, Wilson 122
Supply chains, Wilson 127
Taxation, Wilson 129
Monetary Policy, Wilson 120

Keynote Lecture by Ellen McGrattan, "Measurement Behind Theory"
Location: Wilson 103
November 3, 2018 17:00 to 18:15

Session VII
Locations: listed below
November 4, 2018 09:00 to 10:30
 
Monetary Policy, Wilson 112
Labor micro, Wilson 113
Life cycle, Wilson 115
Sovereign debt, Wilson 121
Labor market, Wilson 122
Supply chains, Wilson 127
Inequality, Wilson 129
Banking, Wilson 120

Session VIII
Locations: listed below
November 4, 2018 11:00 to 12:30
 
Monetary Policy, Wilson 112
Inequality, Wilson 127
Labor search, Wilson 113
Search, Wilson 115
Exchange rates, Wilson 121
Finance, Wilson 122

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapers
1November 2, 2018
13:00-14:30
Godchaux 166 invited Income risk3
2November 2, 2018
13:00-14:30
Godchaux 167 invited Monetary Policy3
3November 2, 2018
13:00-14:30
Godchaux 165 invited Labor policy2
4November 2, 2018
13:00-14:30
Godchaux 162 invited Misallocation2
5November 2, 2018
13:00-14:30
Godchaux 164 invited Banking3
6November 2, 2018
15:10-16:40
Wilson 112 invited Monetary Policy3
7November 2, 2018
15:10-16:40
Wilson 113 invited Fiscal policy3
8November 2, 2018
15:10-16:40
Wilson 115 invited Firm dynamics3
9November 2, 2018
15:10-16:40
Wilson 121 invited Fiscal policy3
10November 2, 2018
15:10-16:40
Wilson 122 invited Inflation3
11November 2, 2018
15:10-16:40
Wilson 127 invited Political Economy2
12November 2, 2018
15:10-16:40
Wilson 129 invited Sovereign debt3
13November 2, 2018
15:10-16:40
Wilson 120 invited Wage rigidity3
14November 3, 2018
9:00-10:30
Wilson 112 invited Monetary Policy3
15November 3, 2018
9:00-10:30
Wilson 113 invited Inequality3
16November 3, 2018
9:00-10:30
Wilson 115 invited Housing3
17November 3, 2018
9:00-10:30
Wilson 121 invited Computation3
18November 3, 2018
9:00-10:30
Wilson 122 invited Migration3
19November 3, 2018
9:00-10:30
Wilson 127 invited Supply chains3
20November 3, 2018
9:00-10:30
Wilson 129 invited Inequality2
21November 3, 2018
9:00-10:30
Wilson 120 invited Banking3
22November 3, 2018
11:00-12:30
Wilson 112 invited Monetary Policy3
23November 3, 2018
11:00-12:30
Wilson 113 invited Wage rigidity3
24November 3, 2018
11:00-12:30
Wilson 115 invited Housing3
25November 3, 2018
11:00-12:30
Wilson 121 invited Credit constraints2
26November 3, 2018
11:00-12:30
Wilson 122 invited Demographics2
27November 3, 2018
11:00-12:30
Wilson 127 invited Inventories3
28November 3, 2018
11:00-12:30
Wilson 129 invited Tariffs and trade3
29November 3, 2018
11:00-12:30
Wilson 120 invited Human capital2
30November 3, 2018
13:30-15:00
Wilson 112 invited Interwar Macroeconomics3
31November 3, 2018
13:30-15:00
Wilson 113 invited Labor micro3
32November 3, 2018
13:30-15:00
Wilson 115 invited Housing3
33November 3, 2018
13:30-15:00
Wilson 121 invited Open Economy Macro3
34November 3, 2018
13:30-15:00
Wilson 122 invited Open Economy Macro3
35November 3, 2018
13:30-15:00
Wilson 127 invited Development2
36November 3, 2018
13:30-15:00
Wilson 120 invited Forecasting3
37November 3, 2018
15:30-17:00
Wilson 112 invited Monetary3
38November 3, 2018
15:30-17:00
Wilson 113 invited Labor market3
39November 3, 2018
15:30-17:00
Wilson 115 invited Firm dynamics3
40November 3, 2018
15:30-17:00
Wilson 121 invited Sovereign debt3
41November 3, 2018
15:30-17:00
Wilson 122 invited Uncertainty3
42November 3, 2018
15:30-17:00
Wilson 127 invited Supply chains3
43November 3, 2018
15:30-17:00
Wilson 129 invited Taxation3
44November 3, 2018
15:30-17:00
Wilson 120 invited Monetary Policy3
45November 4, 2018
9:00-10:30
Wilson 112 invited Monetary Policy3
46November 4, 2018
9:00-10:30
Wilson 113 invited Labor micro3
47November 4, 2018
9:00-10:30
Wilson 115 invited Life cycle3
48November 4, 2018
9:00-10:30
Wilson 121 invited Sovereign debt2
49November 4, 2018
9:00-10:30
Wilson 122 invited Labor market3
50November 4, 2018
9:00-10:30
Wilson 127 invited Supply chains3
51November 4, 2018
9:00-10:30
Wilson 129 invited Inequality2
52November 4, 2018
9:00-10:30
Wilson 120 invited Banking3
53November 4, 2018
11:00-12:30
Wilson 127 invited Inequality3
54November 4, 2018
11:00-12:30
Wilson 112 invited Monetary Policy3
55November 4, 2018
11:00-12:30
Wilson 113 invited Labor search2
56November 4, 2018
11:00-12:30
Wilson 115 invited Search3
57November 4, 2018
11:00-12:30
Wilson 121 invited Exchange rates3
58November 4, 2018
11:00-12:30
Wilson 122 invited Finance3
 

58 sessions, 163 papers, and 0 presentations with no associated papers


 

Midwest Macroeconomics Meetings

Detailed List of Sessions

 
Session 1: Monetary Policy
November 2, 2018 13:00 to 14:30
Godchaux 167
 
Session Chair: Stephen Cole, Marquette University
Session type: invited
 

Level-k DSGE and Monetary Policy
   presented by: Zhesheng Qiu, City University of Hong Kong
 

Heterogeneity in Individual Expectations, Optimism/Pessimism, and Constant-Gain Learning
   presented by: Stephen Cole, Marquette University
 

Assessing the international comovement of equity returns
   presented by: Girum Abate, World Bank
 
Session 2: Income risk
November 2, 2018 13:00 to 14:30
Godchaux 166
 
Session Chair: Penghui Yin, Goethe University Frankfurt
Session type: invited
 

The Consumption Response to Tail Earnings Shocks
   presented by: Rocio Madera, Southern Methodist University
 

Cyclical Labor Income Risk
   presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia
 

The optimal amount of attention to capital income risk
   presented by: Penghui Yin, Goethe University Frankfurt
 
Session 3: Labor policy
November 2, 2018 13:00 to 14:30
Godchaux 165
 
Session Chair: Joaquin Garcia-Cabo, University of Minnesota
Session type: invited
 

Eligibility, Experience Rating, and Unemployment Insurance Take-up
   presented by: David Fuller, University of Wisconsin-Oshkosh
 

The Macroeconomic Effects of Employment Protection on Human Capital and Jobs
   presented by: Joaquin Garcia-Cabo, University of Minnesota
 
Session 4: Misallocation
November 2, 2018 13:00 to 14:30
Godchaux 162
 
Session Chair: Roberto Samaniego, George Washington University
Session type: invited
 

Misallocation or Misspecification? The Effect of "Average" Distortions on TFP Gains Estimations
   presented by: Juan Wlasiuk, Banco Central de Chile
 

Uncertainty and Misallocation
   presented by: Roberto Samaniego, George Washington University
 
Session 5: Banking
November 2, 2018 13:00 to 14:30
Godchaux 164
 
Session Chair: Tong Xu, Southwestern University of Finance and Economics
Session type: invited
 

Interbank Network Disruptions and the Real Economy
   presented by: Dasha Safonova, U.S. Securities and Exchange Commission
 

Public Liquidity, Bank Runs, and Financial Crises
   presented by: Wenhao Li, Stanford University
 

A Model of Bank Credit Cycles
   presented by: Tong Xu, Southwestern University of Finance and Economics
 
Session 6: Monetary Policy
November 2, 2018 15:10 to 16:40
Wilson 112
 
Session Chair: Sanjay Singh, University of California, Davis
Session type: invited
 

Welfare Enhancing Reserve Pooling in the Presence of Competitive Hoarding
   presented by: Dongwon Lee, University of California, Riverside
 

Reverse Quantitative Easing: What are the macroeconomic consequences of shrinking the Federal Reserve's balance sheet?
   presented by: Kyle Rechard, Clemson University
 

Understanding Persistent Stagnation
   presented by: Sanjay Singh, University of California, Davis
 
Session 7: Fiscal policy
November 2, 2018 15:10 to 16:40
Wilson 113
 
Session Chair: Nam Vu, Miami University
Session type: invited
 

Sectoral Heterogeneity, Production Networks, and the Effects of Government Spending
   presented by: Omar Rachedi, Banco de España
 

Money-Financed Fiscal Stimulus: The Effects of Implementation Lag
   presented by: Takayuki Tsuruga, Osaka Unviersity
 

Fiscal Stimulus, Forward Monetary Guidance, and the Liquidity Trap: Implications for State-Dependent Government Spending Multiplier
   presented by: Nam Vu, Miami University
 
Session 8: Firm dynamics
November 2, 2018 15:10 to 16:40
Wilson 115
 
Session Chair: Wyatt Brooks, University of Notre Dame
Session type: invited
 

Economies of Scale and International Business Cycles
   presented by: Daisoon Kim, London Business School and University of Washington
 

Entry Decision, Option Value of Delay and Business Cycles
   presented by: Ia Vardishvili, University of Virginia
 

Bringing Data to the Model: Firm-to-Firm Learning in a Structural Model
   presented by: Wyatt Brooks, University of Notre Dame
 
Session 9: Fiscal policy
November 2, 2018 15:10 to 16:40
Wilson 121
 
Session Chair: Hewei Shen, University of Oklahoma
Session type: invited
 

The Failure of Fiscal Policy and Japan's Lost Decades: The Role of Household Expectations
   presented by: Geeta Garg, Indiana University
 

Understanding Why Fiscal Stimulus Can Fail through the Lens of the Survey of Professional Forecasters
   presented by: Hyeongwoo Kim, Auburn University
 

Fiscal Commitment and Sovereign Default Risk
   presented by: Hewei Shen, University of Oklahoma
 
Session 10: Inflation
November 2, 2018 15:10 to 16:40
Wilson 122
 
Session Chair: Tomohiro Tsuruga, Bank of Japan
Session type: invited
 

Understanding de-anchoring of inflation expectations. Evidence from Chile
   presented by: Michael Pedersen, Central Bank of Chile
 

Missing Wage Inflation? Estimating the Natural Rate of Unemployment in a Nonlinear DSGE Model
   presented by: Mototsugu Shintani, University of Tokyo
 

Central Bank Communication on Inflation Target: The Value of Public Information under Unknown Priors
   presented by: Tomohiro Tsuruga, Bank of Japan
 
Session 11: Political Economy
November 2, 2018 15:10 to 16:40
Wilson 127
 
Session Chair: Santanu Chatterjee, University of Georgia
Session type: invited
 

A Three-Party Game of Institutional Resilience versus Transition: A Model and Comparative History of China-Japan Revisited
   presented by: Masaki Nakabayashi, The University of Tokyo
 

Delays in Public Goods
   presented by: Santanu Chatterjee, University of Georgia
 
Session 12: Sovereign debt
November 2, 2018 15:10 to 16:40
Wilson 129
 
Session Chair: Hyungseok Joo, Wayne State University
Session type: invited
 

The Ultralong Sovereign Default Risk
   presented by: Radek Paluszynski, University of Houston
 

Government Debt Maturity Structure, Fiscal Policy, and Default
   presented by: Sergii Kiiashko, National Bank of Ukraine, Kyiv School of Economics
 

Sovereign Debt Overhang, Expenditure Portfolio, and Debt Restructurings
   presented by: Hyungseok Joo, Wayne State University
 
Session 13: Wage rigidity
November 2, 2018 15:10 to 16:40
Wilson 120
 
Session Chair: Jean-François Rouillard, Université de Sherbrooke
Session type: invited
 

Minimum Wage and Occupational Mobility
   presented by: Yizhou Liu, UC, Santa Barbara
 

New Evidence on Cyclical Variation in Labor Costs
   presented by: Grace GU, UC Santa Cruz
 

Credit crunch and downward nominal wage rigidities
   presented by: Jean-François Rouillard, Université de Sherbrooke
 
Session 14: Monetary Policy
November 3, 2018 9:00 to 10:30
Wilson 112
 
Session Chair: Xu Zhang, University of California, San Diego
Session type: invited
 

When and Why Can Forward Guidance De-anchor Expectations?
   presented by: Georg Strasser, European Central Bank
 

Optimal Central Bank Forward Guidance
   presented by: Eunmi Ko, University of Rochester
 

Evaluating the Effects of Forward Guidance and Large-scale Asset Purchases
   presented by: Xu Zhang, University of California, San Diego
 
Session 15: Inequality
November 3, 2018 9:00 to 10:30
Wilson 113
 
Session Chair: Siddhartha Sanghi, Washington University in St. Louis
Session type: invited
 

How Important Is Health Inequality for Lifetime Earnings Inequality?
   presented by: Kai Zhao, University of Connecticut
 

Health Disparities and the Socioeconomic Gradient in Elderly Life-Cycle Consumption
   presented by: Neha Bairoliya, University of Tennessee, Knoxville
 

Health Inequality: Role of Insurance and Technological Progress
   presented by: Siddhartha Sanghi, Washington University in St. Louis
 
Session 16: Housing
November 3, 2018 9:00 to 10:30
Wilson 115
 
Session Chair: Greg Howard, University of Illinois
Session type: invited
 

The Housing Market, Financial Shocks, and Spillovers
   presented by: Ayse Sapci, Utah State University
 

Housing Boom and Non-housing Consumption: Evidence from Urban Households in China
   presented by: Dong Cheng, Union College
 

The Geography Channel of House Price Appreciation
   presented by: Greg Howard, University of Illinois
 
Session 17: Computation
November 3, 2018 9:00 to 10:30
Wilson 121
 
Session Chair: Tyler Atkinson, Federal Reserve Bank of Dallas
Session type: invited
 

Automated Solution of Heterogeneous Agent Models
   presented by: David Childers, Carnegie Mellon University
 

Generalized Endogenous Grid Method for Models with a Default Option
   presented by: Youngsoo Jang, Shanghai University of Finance and Economics
 

The Accuracy of Linear and Nonlinear Estimation in the Presence of the Zero Lower Bound
   presented by: Tyler Atkinson, Federal Reserve Bank of Dallas
 
Session 18: Migration
November 3, 2018 9:00 to 10:30
Wilson 122
 
Session Chair: Marius Bickmann, TU Dortmund
Session type: invited
 

Labor demand response to labor supply incentives: Evidence from the German Mini-Job reform
   presented by: Gabriela Galassi, Bank of Canada
 

The Distributional Implications of Migration: An Open-Economy Analysis of Germany and Poland
   presented by: Marius Bickmann, TU Dortmund
 

Welfare Gains from Trade in Multi-Sector Models: The Role of Aggregation and Income Elasticities
   presented by: Hakan Yilmazkuday, Florida International University
 
Session 19: Supply chains
November 3, 2018 9:00 to 10:30
Wilson 127
 
Session Chair: Wataru Miyamoto, University of Hong Kong
Session type: invited
 

Intermediate Goods and Exchange Rate Disconnect
   presented by: William Craighead, Colorado College
 

International Price System, Intermediate Inputs and Regional Trade
   presented by: Nikhil Patel, BIS
 

International Linkages and the Changing Nature of International Business Cycles
   presented by: Wataru Miyamoto, University of Hong Kong
 
Session 20: Inequality
November 3, 2018 9:00 to 10:30
Wilson 129
 
Session Chair: Guanyi Yang, St. Lawrence University
Session type: invited
 

Household Portfolio Accounting
   presented by: Siqiang Yang, University of Pittsburgh
 

Best Time for College? Quantitative Evaluation of Life-cycle Higher Education Choices and Labor Income Inequality
   presented by: Guanyi Yang, St. Lawrence University
 
Session 21: Banking
November 3, 2018 9:00 to 10:30
Wilson 120
 
Session Chair: Tingting Zhu, Unversity of California, Davis
Session type: invited
 

Risk Pooling, Leverage Constraints, and the Business Cycle
   presented by: Andrea Modena, Ca' Foscari University of Venice
 

No Pain, No Gain. Multinational Banks in the Business Cycle
   presented by: Qingqing Cao, Michigan State University
 

Endogenous risk and credit contagion
   presented by: Tingting Zhu, Unversity of California, Davis
 
Session 22: Monetary Policy
November 3, 2018 11:00 to 12:30
Wilson 112
 
Session Chair: Willem Van Zandweghe, Federal Reserve Bank of Kansas City
Session type: invited
 

Are supply curves convex? Implications for state-dependent responses to shocks
   presented by: Christoph Boehm, UT Austin
 

Government Spending during Sudden Stop Crises
   presented by: Siming Liu, Indiana University
 

Monetary Policy and Macroeconomic Stability Revisited
   presented by: Willem Van Zandweghe, Federal Reserve Bank of Kansas City
 
Session 23: Wage rigidity
November 3, 2018 11:00 to 12:30
Wilson 113
 
Session Chair: Pritha Chaudhuri, Purdue University
Session type: invited
 

Optimal Monetary Policy with Skill Heterogeneity and Wage Rigidity
   presented by: Pritha Chaudhuri, Purdue University
 

Downward Nominal Wage Rigidity and Inflation Dynamics during and after the Great Recession
   presented by: Tomohide Mineyama,
 

On the Cyclicality of Real Wages and Employment: New Evidence and Stylized Facts from Performance Pay and Fixed Wage Jobs
   presented by: Christos Makridis, Massachusetts Institute of Technology
 
Session 24: Housing
November 3, 2018 11:00 to 12:30
Wilson 115
 
Session Chair: Rory McGee, University College London/IFS
Session type: invited
 

Housing Boom, Mortgage Default and Agency Friction
   presented by: Desen Lin, University of Pennsylvania
 

Housing Finance, Boom-Bust Episodes, and Macroeconomic Fragility
   presented by: Aaron Hedlund, University of Missouri
 

Housing, Heterogeneity and Bequest Motives
   presented by: Rory McGee, University College London/IFS
 
Session 25: Credit constraints
November 3, 2018 11:00 to 12:30
Wilson 121
 
Session Chair: Tiago Tavares, CIE ITAM
Session type: invited
 

Corporate debt composition and business cycles
   presented by: Jelena Zivanovic, Bank of Canada
 

Investment Slumps during Financial Crises: The Role of Credit Constraints
   presented by: Tiago Tavares, CIE ITAM
 
Session 26: Demographics
November 3, 2018 11:00 to 12:30
Wilson 122
 
Session Chair: Yongquan Cao, Indiana University
Session type: invited
 

Demographics and the European Divide
   presented by: Edwin Nusbaum, University of California, Santa Barbara
 

Demographic Uncertainties and Macroeconomic Cycles
   presented by: Yongquan Cao, Indiana University
 
Session 27: Inventories
November 3, 2018 11:00 to 12:30
Wilson 127
 
Session Chair: Hsuan Yu, University of Maryland
Session type: invited
 

Inflation, Debt, and Default
   presented by: Sewon Hur, Federal Reserve Bank of Cleveland
 

The Effect of Credit Crunch on Output Price Dynamics: The Corporate Inventory and Liquidity Management Channel
   presented by: Ryan Kim, Johns Hopkins University
 

The Behavior of Inventories and Marginal Cost under Rational Inattention
   presented by: Hsuan Yu, University of Maryland
 
Session 28: Tariffs and trade
November 3, 2018 11:00 to 12:30
Wilson 129
 
Session Chair: AKM Morshed, Southern Illinois University Carbondale
Session type: invited
 

Why Containerization Did Not Reduce Ocean Trade Shipping Costs
   presented by: Benjamin Bridgman, U.S. Bureau of Economic Analysis
 

How do Trade Frictions Differentially Impact Trade Outcomes? Lessons from the US Transportation Revolution
   presented by: James Harrison, United States Naval Academy
 

The Great Recession and Price Convergence Among United States Cities
   presented by: AKM Morshed, Southern Illinois University Carbondale
 
Session 29: Human capital
November 3, 2018 11:00 to 12:30
Wilson 120
 
Session Chair: Lutz Hendricks, UNC Chapel Hill
Session type: invited
 

Income, Education and Democracy
   presented by: Luis Felipe Saenz, University of South Carolina
 

Human Capital and Development Accounting with Imperfect Skill Substitution
   presented by: Lutz Hendricks, UNC Chapel Hill
 
Session 30: Interwar Macroeconomics
November 3, 2018 13:30 to 15:00
Wilson 112
 
Session Chair: Margaret Jacobson, Indiana University
Session type: invited
 

Complications for the United States from International Credits: 1913 -1940
   presented by: George Hall, Brandeis University
 

The International Diffusion of the Automobile from 1913 to 1940
   presented by: Mario Crucini, Vanderbilt University
 

Recovery of 1933
   presented by: Margaret Jacobson, Indiana University
 
Session 31: Labor micro
November 3, 2018 13:30 to 15:00
Wilson 113
 
Session Chair: Soojin Kim, Purdue University
Session type: invited
 

Elderly Care in an Aging Population and the Female Labor Markets
   presented by: Jue (Jessie) Wang, Furman University
 

Couples' Time-Use and Aggregate Outcomes: Evidence from a Structural Model
   presented by: Monika Merz, University of Vienna
 

Labor Market Screening and Social Insurance Program Design for the Disabled
   presented by: Soojin Kim, Purdue University
 
Session 32: Housing
November 3, 2018 13:30 to 15:00
Wilson 115
 
Session Chair: Sanha Noh, University of Missouri
Session type: invited
 

Propagation of Housing Market Disruptions during the Great Recession: Supply Chain Network Channel
   presented by: Jay Hyun, Columbia University
 

State-dependent Adjustment Cost and Labor Dynamics in Recessions: Evidence using FGTS Policy in Brazil
   presented by: Neville Francis, UNC Chapel Hill
 

House Price Uncertainty, Business Cycles, and Welfare
   presented by: Sanha Noh, University of Missouri
 
Session 33: Open Economy Macro
November 3, 2018 13:30 to 15:00
Wilson 121
 
Session Chair: Yang Jiao, Dartmouth College and FISF, Fudan Unviersity
Session type: invited
 

The Monetary Policy Dilemma in Emerging Economies
   presented by: Seunghoon Na, Purdue University
 

Financial Crises, Bailouts and Monetary Policy in Open Economies
   presented by: Yang Jiao, Dartmouth College and FISF, Fudan Unviersity
 

Financial (in) stability in Chile
   presented by: Ekaterina Kazakova, HSE
 
Session 34: Open Economy Macro
November 3, 2018 13:30 to 15:00
Wilson 122
 
Session Chair: Xiang Fang, University of Pennsylvania
Session type: invited
 

Monetary Policy in Sudden Stop-prone Economies
   presented by: Louphou Coulibaly, University of Montreal
 

The Information Content of Capital Controls
   presented by: Owen Nie, University of Michigan
 

Monetary Policy and Exchange Rate Puzzles: An Intermediary Perspective
   presented by: Xiang Fang, University of Pennsylvania
 
Session 35: Development
November 3, 2018 13:30 to 15:00
Wilson 127
 
Session Chair: Jacob Short, Bank of Canada
Session type: invited
 

Transition and Inequality
   presented by: Haiyan Ding, Zhejiang University of Finance and Economics
 

Can Capital Deepening Explain the Global Decline in Labor's Share
   presented by: Jacob Short, Bank of Canada
 
Session 36: Forecasting
November 3, 2018 13:30 to 15:00
Wilson 120
 
Session Chair: Taeyoung Doh, Economic Research Dept.
Session type: invited
 

Forecasting Recessions: A Hybrid Alternative to DSGE Models
   presented by: Marta Boczon, University of Pittsburgh
 

Combining Survey Long-Run Forecasts and Nowcasts with BVAR Forecasts Using Relative Entropy
   presented by: Saeed Zaman, Federal Reserve Bank of Cleveland
 

Reconciling VAR-based Forecasts with Survey Forecasts
   presented by: Taeyoung Doh, Economic Research Dept.
 
Session 37: Monetary
November 3, 2018 15:30 to 17:00
Wilson 112
 
Session Chair: Riccardo DiCecio, Federal Reserve Bank of St. Louis
Session type: invited
 

Discouraging Deviant Behavior in Macroeconomics
   presented by: Lawrence Christiano, Northwestern University
 

Persistence Dependence in Historical FOMC Fed Funds Rate Responses and the Great Inflation
   presented by: Randal Verbrugge, Federal Reserve Bank of Cleveland
 

Optimal Monetary Policy for the Masses
   presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis
 
Session 38: Labor market
November 3, 2018 15:30 to 17:00
Wilson 113
 
Session Chair: Kevin Donovan, Yale University
Session type: invited
 

Trade-Induced Job Turnover, Unemployment, and Allocative Efficiency: The Role of Demand Elasticity Adjustment
   presented by: Hamid Firooz, Pennsylvania State University
 

Assessing the Impact of Informal Sector Employment on Young Less-Educated Workers
   presented by: John Gibson, Georgia State University
 

Labor Market Flows and Development
   presented by: Kevin Donovan, Yale University
 
Session 39: Firm dynamics
November 3, 2018 15:30 to 17:00
Wilson 115
 
Session Chair: Gajendran Raveendranathan, McMaster University
Session type: invited
 

Firm Entry, Excess Capacity and Endogenous Productivity
   presented by: Anthony Savagar, University of Kent
 

Bribery, Plant Size and Economic Development
   presented by: Nazim Tamkoc, Arizona State University
 

The Firm Dynamics of Business Cycles
   presented by: Gajendran Raveendranathan, McMaster University
 
Session 40: Sovereign debt
November 3, 2018 15:30 to 17:00
Wilson 121
 
Session Chair: Nicolas Maeder,
Session type: invited
 

A Quantitative Theory of Hard and Soft Sovereign Defaults
   presented by: Grey Gordon, FRB Richmond
 

Bank Pass-Through of Global Capital Flows
   presented by: Diogo Sampaio Lima, Indiana University Bloomington
 

Likelihood Estimation of a Nonlinear Economy: Identification of a Regime Switch in the Market for Sovereign Debt
   presented by: Nicolas Maeder,
 
Session 41: Uncertainty
November 3, 2018 15:30 to 17:00
Wilson 122
 
Session Chair: Zhao Han, College of William and Mary
Session type: invited
 

Market-Based Monetary Policy Uncertainty
   presented by: Aeimit Lakdawala, Michigan State University
 

Deconstructing Uncertainty
   presented by: Xiaohan Ma, Texas Tech University
 

Low-frequency Fiscal Uncertainty
   presented by: Zhao Han, College of William and Mary
 
Session 42: Supply chains
November 3, 2018 15:30 to 17:00
Wilson 127
 
Session Chair: Ping Wang, Washington University in St. Louis
Session type: invited
 

Industrial Policy and Welfare in a Two-Sector-R&D Economy
   presented by: Gilad Sorek, Auburn University
 

Structural Change with Input-Output Linkage
   presented by: Hang Hu, University of Melbourne
 

Mismatch and Assimilation
   presented by: Ping Wang, Washington University in St. Louis
 
Session 43: Taxation
November 3, 2018 15:30 to 17:00
Wilson 129
 
Session Chair: Herve Zeida, Université de Montréal
Session type: invited
 

Efficient wealth inequality and differential asset taxation with dynamic agency
   presented by: Thomas Phelan, University of Minnesota
 

Estate Taxation, Capital Income Taxation, Efficiency, and Wealth Inequality
   presented by: Shahar Rotberg, Canada Mortgage and Housing Corporation and The University of Toronto
 

Optimal Business Income Taxation
   presented by: Herve Zeida, Université de Montréal
 
Session 44: Monetary Policy
November 3, 2018 15:30 to 17:00
Wilson 120
 
Session Chair: Matthias Meier, University of Mannheim
Session type: invited
 

Investment Shocks and Optimal Monetary Policy
   presented by: Daeha Cho, University of Melbourne
 

Why do Contractionary Monetary Policy shocks lower aggregate TFP?
   presented by: Matthias Meier, University of Mannheim
 

Communicating Monetary Policy Rules
   presented by: Andrew Foerster, Federal Reserve Bank of San Francisco
 
Session 45: Monetary Policy
November 4, 2018 9:00 to 10:30
Wilson 112
 
Session Chair: Pavel Chakraborty, Lancaster University
Session type: invited
 

Taking Away the Punch Bowl: Monetary Policy and Financial Instability
   presented by: Kevin Sheedy, London School of Economics
 

A Monetary Business Cycle Model for India
   presented by: Parantap Basu, Durham University
 

Financial Crisis, Monetary Policy and Exports: Evidence from a Matched Firm-Bank Dataset
   presented by: Pavel Chakraborty, Lancaster University
 
Session 46: Labor micro
November 4, 2018 9:00 to 10:30
Wilson 113
 
Session Chair: Fang Yang, Louisiana State University
Session type: invited
 

Nonlinear household earnings dynamics, self-insurance, and welfare
   presented by: Gonzalo Paz Pardo, University College London
 

Can the unemployed borrow? Implications for public insurance
   presented by: J. Carter Braxton, University of Minnesota
 

The effects of marriage-related taxes and Social Security benefits
   presented by: Fang Yang, Louisiana State University
 
Session 47: Life cycle
November 4, 2018 9:00 to 10:30
Wilson 115
 
Session Chair: Steven Lugauer, University of Kentucky
Session type: invited
 

Heterogeneity, risk-sharing and policy in a life-cycle model
   presented by: Eungsik Kim, Carnegie Mellon University
 

Demographics, monetary policy, and the zero lower bound
   presented by: Michał Brzoza-Brzezina, Narodowy Bank Polski
 

Demographics and Monetary Policy Shocks
   presented by: Steven Lugauer, University of Kentucky
 
Session 48: Sovereign debt
November 4, 2018 9:00 to 10:30
Wilson 121
 
Session Chair: Georgios Stefanidis, York University
Session type: invited
 

Political Constraints And Sovereign Default Premia
   presented by: Nirvana Mitra, Stony Brook University
 

IMF Lending in Sovereign Default
   presented by: Georgios Stefanidis, York University
 
Session 49: Labor market
November 4, 2018 9:00 to 10:30
Wilson 122
 
Session Chair: Minchul Yum, University of Mannheim
Session type: invited
 

Labor Market Dynamics under Technology Shocks: the Role of Subsistence Consumption
   presented by: Myungkyu Shim, Sogang University
 

Financial Crises and Labor Market Recoveries: A Bayesian Evaluation
   presented by: Shahed Khan, York University
 

Is Household Heterogeneity Important for Business Cycles?
   presented by: Minchul Yum, University of Mannheim
 
Session 50: Supply chains
November 4, 2018 9:00 to 10:30
Wilson 127
 
Session Chair: Wenting Yu, Carnegie Mellon University
Session type: invited
 

forecast shock in production networks
   presented by: Can Tian, University of North Carolina
 

Cyclical Dynamics of Trade Credit with Production Networks
   presented by: Wukuang Cun, University of Southern California
 

A Tale of Many Cities: Industrial Networks and Urban Productivity
   presented by: Wenting Yu, Carnegie Mellon University
 
Session 51: Inequality
November 4, 2018 9:00 to 10:30
Wilson 129
 
Session Chair: Gaston Chaumont, Pennsylvania State University
Session type: invited
 

Monetary Policy and Inequality: How Does One Affect the Other?
   presented by: Eunseong Ma, Texas A&M University
 

Wealth Accumulation, On the Job Search, and Inequality
   presented by: Gaston Chaumont, Pennsylvania State University
 
Session 52: Banking
November 4, 2018 9:00 to 10:30
Wilson 120
 
Session Chair: Guillaume Sublet, University of Montreal
Session type: invited
 

Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization
   presented by: Matthew Schaffer, University of North Carolina - Greensboro
 

Macroprudential and Monetary Policies with an Imperfectly Competitive Banking Sector
   presented by: Nimrod Segev, Fordham University
 

Optimal Macro-Prudential Policy
   presented by: Guillaume Sublet, University of Montreal
 
Session 53: Monetary Policy
November 4, 2018 11:00 to 12:30
Wilson 112
 
Session Chair: Thibaut Duprey, Bank of Canada
Session type: invited
 

A New Perspective on Identifying Monetary-Fiscal Policy Regimes -- A Sign-identified SVAR Approach
   presented by: Junjie Guo, Indiana University
 

How to Manage Macroeconomic and Financial Stability Risks: A New Framework
   presented by: Thibaut Duprey, Bank of Canada
 

Flexible Information Acquisition and Optimal Policy in Lemons Markets
   presented by: Seungjun Baek, Florida State University
 
Session 54: Inequality
November 4, 2018 11:00 to 12:30
Wilson 127
 
Session Chair: David Enocksson, University of Iowa
Session type: invited
 

Entrepreneurial Investment Dynamics And The Wealth Distribution
   presented by: Eugene Tan, Duke University
 

Innovate to Lead or Innovate to Prevail: When do Monopolistic Rents Induce Growth?
   presented by: Roberto Piazza, International Monetary Fund
 

Implications of Contract Provisions and Employment Compensation Strategies for Occupational Choice
   presented by: David Enocksson, University of Iowa
 
Session 55: Labor search
November 4, 2018 11:00 to 12:30
Wilson 113
 
Session Chair: Hie Joo Ahn, Federal Reserve Board
Session type: invited
 

The Marginal Propensity to Hire
   presented by: Davide Melcangi, Federal Reserve Bank of New York
 

Dynamic Beveridge Curve Accounting
   presented by: Hie Joo Ahn, Federal Reserve Board
 
Session 56: Search
November 4, 2018 11:00 to 12:30
Wilson 115
 
Session Chair: Seth Neumuller, Wellesley College
Session type: invited
 

Accounting for the Sources of Gender Wage Gap: A Search and Matching Approach
   presented by: Anni Isojarvi, IOWA STATE UNIV
 

Cyclical Part-time Employment in an Estimated New Keynesian Model with Search Frictions
   presented by: Kazuhiro Teramoto, New York University
 

Can Income Differences Explain the Racial Wealth Gap? A Quantitative Analysis
   presented by: Seth Neumuller, Wellesley College
 
Session 57: Exchange rates
November 4, 2018 11:00 to 12:30
Wilson 121
 
Session Chair: Xiang Fang, University of Pennsylvania
Session type: invited
 

An Equilibrium Model of the International Price System
   presented by: Dmitry Mukhin, Yale University
 

Deviations in real exchange rate levels in the OECD countries and their structural determinants
   presented by: Martin Berka, Massey University
 

Volatility, Intermediaries, and Exchange Rates
   presented by: Xiang Fang, University of Pennsylvania
 
Session 58: Finance
November 4, 2018 11:00 to 12:30
Wilson 122
 
Session Chair: Nathaniel Throckmorton, William & Mary
Session type: invited
 

The Effect of Mutualization and Collateralization On Credit Default Swaps
   presented by: Freddy Rojas Cama, Rutgers University
 

Optimal contract for asset trades: Collateralizing or selling?
   presented by: Kee Youn Kang, Yonsei University
 

Valuation Risk Revalued
   presented by: Nathaniel Throckmorton, William & Mary
 

58 sessions, 163 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Abate, GirumP1
2Ahn, Hie JooP55, C55
3Atkinson, TylerP17, C17
4Baek, SeungjunP53
5Bairoliya, NehaP15
6Basu, ParantapP45
7Berka, MartinP57
8Bickmann, MariusP18, C18
9Boczon, MartaP36
10Boehm, ChristophP22
11Braxton, J. CarterP46
12Bridgman, BenjaminP28
13Brooks, WyattP8, C8
14Brzoza-Brzezina, MichałP47
15Cao, QingqingP21
16Cao, YongquanP26, C26
17Chakraborty, PavelP45, C45
18Chatterjee, SantanuP11, C11
19Chaudhuri, PrithaP23, C23
20Chaumont, GastonP51, C51
21Cheng, DongP16
22Childers, DavidP17
23Cho, DaehaP44
24Christiano, LawrenceP37
25Cole, StephenP1, C1
26Coulibaly, LouphouP34
27Craighead, WilliamP19
28Crucini, MarioP30
29Cun, WukuangP50
30DiCecio, RiccardoP37, C37
31Ding, HaiyanP35
32Doh, TaeyoungP36, C36
33Donovan, KevinP38, C38
34Duprey, ThibautP53, C53
35Enocksson, DavidP54, C54
36Fang, XiangP57, C57
37Fang, XiangP34, C34
38Firooz, HamidP38
39Foerster, AndrewP44
40Francis, NevilleP32
41Fuller, DavidP3
42Galassi, GabrielaP18
43Garcia-Cabo, JoaquinP3, C3
44Garg, GeetaP9
45Gibson, JohnP38
46Gordon, GreyP40
47GU, GraceP13
48Guo, JunjieP53
49Hall, GeorgeP30
50Han, ZhaoP41, C41
51Harrison, JamesP28
52Hedlund, AaronP24
53Hendricks, LutzP29, C29
54Howard, GregP16, C16
55Hu, HangP42
56Hur, SewonP27
57Hyun, JayP32
58Isojarvi, AnniP56
59Jacobson, MargaretP30, C30
60Jang, YoungsooP17
61Jiao, YangP33, C33
62Joo, HyungseokP12, C12
63Kang, Kee YounP58
64Kazakova, EkaterinaP33
65Khan, ShahedP49
66Kiiashko, SergiiP12
67Kim, HyeongwooP9
68Kim, EungsikP47
69Kim, DaisoonP8
70Kim, RyanP27
71Kim, SoojinP31, C31
72Ko, EunmiP14
73Lakdawala, AeimitP41
74Lee, DongwonP6
75Li, WenhaoP5
76Lin, DesenP24
77Liu, YizhouP13
78Liu, SimingP22
79Lugauer, StevenP47, C47
80Ma, EunseongP51
81Ma, XiaohanP41
82Madera, RocioP2
83Maeder, NicolasP40, C40
84Makridis, ChristosP23
85McGee, RoryP24, C24
86Meier, MatthiasP44, C44
87Melcangi, DavideP55
88Merz, MonikaP31
89Mineyama, TomohideP23
90Mitra, NirvanaP48
91Miyamoto, WataruP19, C19
92Modena, AndreaP21
93Morshed, AKMP28, C28
94Mukhin, DmitryP57
95Na, SeunghoonP33
96Nakabayashi, MasakiP11
97Nakajima, MakotoP2
98Neumuller, SethP56, C56
99Nie, OwenP34
100Noh, SanhaP32, C32
101Nusbaum, EdwinP26
102Paluszynski, RadekP12
103Patel, NikhilP19
104Paz Pardo, GonzaloP46
105Pedersen, MichaelP10
106Phelan, ThomasP43
107Piazza, RobertoP54
108Qiu, ZheshengP1
109Rachedi, OmarP7
110Raveendranathan, GajendranP39, C39
111Rechard, KyleP6
112Rojas Cama, FreddyP58
113Rotberg, ShaharP43
114Rouillard, Jean-FrançoisP13, C13
115Saenz, Luis FelipeP29
116Safonova, DashaP5
117Samaniego, RobertoP4, C4
118Sampaio Lima, DiogoP40
119Sanghi, SiddharthaP15, C15
120Sapci, AyseP16
121Savagar, AnthonyP39
122Schaffer, MatthewP52
123Segev, NimrodP52
124Sheedy, KevinP45
125Shen, HeweiP9, C9
126Shim, MyungkyuP49
127Shintani, MototsuguP10
128Short, JacobP35, C35
129Singh, SanjayP6, C6
130Sorek, GiladP42
131Stefanidis, GeorgiosP48, C48
132Strasser, GeorgP14
133Sublet, GuillaumeP52, C52
134Tamkoc, NazimP39
135Tan, EugeneP54
136Tavares, TiagoP25, C25
137Teramoto, KazuhiroP56
138Throckmorton, NathanielP58, C58
139Tian, CanP50
140Tsuruga, TomohiroP10, C10
141Tsuruga, TakayukiP7
142Van Zandweghe, WillemP22, C22
143Vardishvili, IaP8
144Verbrugge, RandalP37
145Vu, NamP7, C7
146Wang, Jue (Jessie)P31
147Wang, PingP42, C42
148Wlasiuk, JuanP4
149Xu, TongP5, C5
150Yang, FangP46, C46
151Yang, GuanyiP20, C20
152Yang, SiqiangP20
153Yilmazkuday, HakanP18
154Yin, PenghuiP2, C2
155Yu, WentingP50, C50
156Yu, HsuanP27, C27
157Yum, MinchulP49, C49
158Zaman, SaeedP36
159Zeida, HerveP43, C43
160Zhang, XuP14, C14
161Zhao, KaiP15
162Zhu, TingtingP21, C21
163Zivanovic, JelenaP25

 

This program was last updated on 2018-11-02 13:03:51 EDT