2008 North American Summer Meeting of the Econometric Society

Summary of All Sessions

#Date/TimeLocationTitlePapers
1June 19, 2008
13:30-15:00
Rachel Mellon Walton International Dimensions of Development3
2June 19, 2008
13:30-15:00
Mellon Auditorium Competition and Firm Survival in Differentiated Product Markets3
3June 19, 2008
13:30-15:00
Simon Auditorium Long Run Risks4
4June 19, 2008
13:30-15:00
Room 145 Matching Mechanisms4
5June 19, 2008
13:30-15:00
Room 152 Gender and Economic Outcomes3
6June 19, 2008
13:30-15:00
Posner 388 Experimental Studies of Reputation Formation3
7June 19, 2008
13:30-15:00
Grand Room Banks and Multiple Monies4
8June 19, 2008
13:30-15:00
Room 153 Unemployment Fluctuations4
9June 19, 2008
13:30-15:00
Room 146 Testing3
10June 19, 2008
13:30-15:00
Cooper Auditorium Structural Estimation in Corporate Finance4
11June 19, 2008
15:30-17:00
Room 145 Auctions and Resale Markets4
12June 19, 2008
15:30-17:00
Grand Room International Capital Flows4
13June 19, 2008
15:30-17:00
Mellon Auditorium Social Insurance and Risk 4
14June 19, 2008
15:30-17:00
Room 152 Political Economy4
15June 19, 2008
15:30-17:00
Simon Auditorium Emirical Term Structure Models4
16June 19, 2008
15:30-17:00
Cooper Auditorium Valuation Dynamics and Governance3
17June 19, 2008
15:30-17:00
Rachel Mellon Walton Issues in Education3
18June 19, 2008
15:30-17:00
Room 146 Estimation and Inference in Models of Treatment Effects3
19June 19, 2008
15:30-17:00
Room 153 Crime and Immigration3
20June 19, 2008
15:30-17:00
Posner I Experimental Evidence on Market Dynamics3
21June 19, 2008
15:30-17:00
Posner II Financial Markets4
22June 19, 2008
17:15-18:15
McConomy Auditorium Walras-Bowley Lecture1
23June 20, 2008
9:00-10:30
Cooper Auditorium International Aspects of Business Cycles4
24June 20, 2008
9:00-10:30
Room 152 Bounded Rationality4
25June 20, 2008
9:00-10:30
Posner II Political Institutions3
26June 20, 2008
9:00-10:30
Room 145 Nonlinear Econometrics3
27June 20, 2008
9:00-10:30
Mellon Auditorium Uncertainty and Asset Pricing4
28June 20, 2008
9:00-10:30
Room 153 Identification4
29June 20, 2008
9:00-10:30
Simon Auditorium Growth, Valuation, and Real Assets3
30June 20, 2008
9:00-10:30
Room 146 Game Theory Experiments4
31June 20, 2008
9:00-10:30
Rachel Mellon Walton Special Types of Markets3
32June 20, 2008
9:00-10:30
Grand Room Policy Evaluations: Marriage, health, microcredit, and education3
33June 20, 2008
9:00-10:30
Posner I Institutions and Growth4
34June 20, 2008
11:00-12:00
Mellon Auditorium Plenary II: Monetary Policy and Financial Markets2
35June 20, 2008
11:00-12:00
Room 152 Plenary I: Neureconomics2
36June 20, 2008
13:30-15:00
Cooper Auditorium Issues in Monetary Policy Design3
37June 20, 2008
13:30-15:00
Room 145 Technology, Productivity and Growth4
38June 20, 2008
13:30-15:00
Posner II Contracts 14
39June 20, 2008
13:30-15:00
Room 146 Experimental Studies of Auctions and Contracts3
40June 20, 2008
13:30-15:00
Grand Room Frontiers of Computational Methods4
41June 20, 2008
13:30-15:00
Mellon Auditorium Asset Pricing II3
42June 20, 2008
13:30-15:00
Cooper Auditorium Financial Markets and Macroeconomic Performance3
43June 20, 2008
13:30-15:00
Posner I Quantitative Macro Models3
44June 20, 2008
13:30-15:00
Room 153 Empirical Asset Pricing4
45June 20, 2008
13:30-15:00
Room 152 Auctions and Trading Mechanisms3
46June 20, 2008
15:30-17:00
Room 152 Evolution and Learning4
47June 20, 2008
15:30-17:00
Room 151 Further development in asymptotic theory4
48June 20, 2008
15:30-17:00
Rachel Mellon Walton Structural Estimation of Dynamic Models4
49June 20, 2008
15:30-17:00
Room 153 Text Based Information in Finance4
50June 20, 2008
15:30-17:00
Room 146 Self-Control and Mental Accounting3
51June 20, 2008
15:30-17:00
Room 145 Population Dynamics and Growth3
52June 20, 2008
15:30-17:00
Cooper Auditorium Default and Credit Risk4
53June 20, 2008
15:30-17:00
Posner II Contracts 43
54June 20, 2008
15:30-17:00
Simon Auditorium Monetary Economics: Model Specification-I3
55June 20, 2008
15:30-17:00
Posner I Political Economy of Elections3
56June 20, 2008
15:30-17:00
Mellon Auditorium Information and Asset Pricing4
57June 20, 2008
17:15-18:15
McConomy Auditorium Allan H. Meltzer Lecture1
58June 21, 2008
9:00-10:30
Room 152 Bayesian Methodology3
59June 21, 2008
9:00-10:30
Mellon Auditorium Monetary Economics: Expectations and Learning3
60June 21, 2008
9:00-10:30
Cooper Auditorium Exchange rates4
61June 21, 2008
9:00-10:30
Posner II R&D and Intellectual Property3
62June 21, 2008
9:00-10:30
Grand Room Innovation in the Analysis of Durable Goods and Investment4
63June 21, 2008
9:00-10:30
Room 145 Political Dynamics4
64June 21, 2008
9:00-10:30
Posner I Contracts 33
65June 21, 2008
9:00-10:30
Simon Auditorium Decision Theory I3
66June 21, 2008
9:00-10:30
Rachel Mellon Walton Communication4
67June 21, 2008
9:00-10:30
Room 343 Investments and Frictions3
68June 21, 2008
9:00-10:30
Room 151 Labor Market Search and Matching3
69June 21, 2008
9:00-10:30
Room 146 Monetary Policy4
70June 21, 2008
9:00-10:30
Room 153 Dynamic Problems in Public Finance3
71June 21, 2008
11:00-12:00
Mellon Auditorium Plenary IV: Dynamic Public Finance2
72June 21, 2008
11:00-12:00
Room 152 Plenary III: Economics of Health Care2
73June 21, 2008
13:30-15:00
Posner II Market Structure3
74June 21, 2008
13:30-15:00
Cooper Auditorium International Capital Market Frictions3
75June 21, 2008
13:30-15:00
Grand Room Preferences, Hedonics and Choice4
76June 21, 2008
13:30-15:00
Room 343 Credit and Bankrupcy4
77June 21, 2008
13:30-15:00
Rachel Mellon Walton International Trade with Heterogeneous Firms3
78June 21, 2008
13:30-15:00
Mellon Auditorium Macro Time Series4
79June 21, 2008
13:30-15:00
Room 145 Dynamic General Equilibrium Theory I4
80June 21, 2008
13:30-15:00
Room 146 Random Matching and Search Models4
81June 21, 2008
13:30-15:00
Room 153 Public Finance with Incomplete Information3
82June 21, 2008
13:30-15:00
Room 151 Wage Studies3
83June 21, 2008
13:30-15:00
Posner I Contracts 24
84June 21, 2008
13:30-15:00
Simon Auditorium Decision Theory II3
85June 21, 2008
13:30-15:00
Room 152 Bayesian Applications3
86June 21, 2008
15:30-17:00
Room 151 Decision-Making under Uncertainty: Portfolio Choice, Real Estate Investment, and Journal Submissions4
87June 21, 2008
15:30-17:00
Simon Auditorium Decision Theory III3
88June 21, 2008
15:30-17:00
Room 146 Labor Market Dynamics4
89June 21, 2008
15:30-17:00
Grand Room The Roles of Ability, Location and Measurement Error as Determinants of Labor Market Outcomes4
90June 21, 2008
15:30-17:00
Room 153 Frontiers in Mechanism Design4
91June 21, 2008
15:30-17:00
Mellon Auditorium Optimal Monetary Policy4
92June 21, 2008
15:30-17:00
Posner II Interconnection and Licensing3
93June 21, 2008
15:30-17:00
Room 152 Time Series 23
94June 21, 2008
15:30-17:00
Posner I Issues in PreK-12 Education3
95June 21, 2008
15:30-17:00
Room 343 Housing, Prices, and Investments3
96June 21, 2008
15:30-17:00
Cooper Auditorium International Debt and Default3
97June 21, 2008
15:30-17:00
Rachel Mellon Walton Trade and Political Economy4
98June 21, 2008
15:30-17:00
Room 145 Dynamic General Equilibrium Theory II3
99June 21, 2008
17:15-18:15
McConomy Auditorium Presidential Address1
100June 22, 2008
9:00-10:30
Room 343 Investment, Technology and the Demand for Factor Inputs4
101June 22, 2008
9:00-10:30
Cooper Auditorium Health, Saving and Insurance Decision Making3
102June 22, 2008
9:00-10:30
Posner I Empirical Public Economics3
103June 22, 2008
9:00-10:30
Room 151 Time Series 33
104June 22, 2008
9:00-10:30
Posner II Macroeconomics4
105June 22, 2008
9:00-10:30
Simon Auditorium Game Theory and Market Dynamics4
106June 22, 2008
9:00-10:30
Room 145 Trade Liberalization, Inequality and Welfare4
107June 22, 2008
9:00-10:30
Room 152 Contracting3
108June 22, 2008
9:00-10:30
Mellon Auditorium Monetary Economics: Model Specification-24
109June 22, 2008
9:00-10:30
Room 153 Risk and Credit4
110June 22, 2008
11:00-12:30
Room 151 Time Series 43
111June 22, 2008
11:00-12:30
Cooper Auditorium New Directions in Mechanism Design3
112June 22, 2008
11:00-12:30
Room 145 Empirical International Trade4
113June 22, 2008
11:00-12:30
Room 153 Household Risk and Consumption3
114June 22, 2008
11:00-12:30
Simon Auditorium Social Networks3
115June 22, 2008
11:00-12:30
Room 343 Estimating Dynamic Models with Panel Data4
116June 22, 2008
11:00-12:30
Posner II Female Labor Supply and Fertility4
 

116 sessions, 391 papers


 

2008 North American Summer Meeting of the Econometric Society

Complete List of All Sessions


Session 1: International Dimensions of Development

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Rachel Mellon Walton
 

International R&D Spillovers Through FDI and Productivity Growth
[slides]
By Philip Bodman, University of Queensland, Australia Thanh Le, University of Queensland, Australia
   Presented by: Thanh Le, University of Queensland, Australia
 

Endogenous Policies and Foreign Direct Investment In Developing Countries: Theory and Evidence From China and India
[slides]
By Yong Wang Department of Economics University of Chicago
   Presented by: Yong Wang, University of Chicago
 

Stock Market Liberalization: A Microeconomic Perspective from Ecuador
By Katya Kartashova University of Minnesota
   Presented by: Katya Kartashova, University of Minnesota

Session 2: Competition and Firm Survival in Differentiated Product Markets

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Mellon Auditorium
 

Measuring the Welfare Effect of Entry in Differentiated Product Markets: The Case of Medicare HMOs
[slides]
By Shiko Maruyama, University of New South Wales
   Presented by: Shiko Maruyama, University of New South Wales
 

Product Innovation and Firm Survival in a Network Industry
[slides]
By Fumiko Hayashi, Federal Reserve Bank of Kansas City Zhu Wang, Federal Reserve Bank of Kansas City
   Presented by: Fumiko Hayashi, Federal Reserve Bank of Kansas City
 

Measuring the Informative and Persuasive Roles of Detailing on Prescribing Decisions
[slides]
By Andrew Ching, Rotman School of Management, University of Toronto Masakazu Ishihara, Rotman School of Management, University of Toronto
   Presented by: Masakazu Ishihara, University of Toronto

Session 3: Long Run Risks

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Simon Auditorium
 

An Estimation of Economic Models with Recursive Preferences
[slides]
By Xiaohong Chen, Yale Jack Favilukis, LSE Sydney C. Ludvigson, NYU and NBER
   Presented by: Sydney Ludvigson, New York University
 

The Long and the Short of Asset Prices: Using Long Run Consumption-Return Correlations to Test Asset Pricing Models
[slides]
By Jianfeng Yu, University of Pennsylvania
   Presented by: Jianfeng Yu, University of Pennsylvania
 

Long Run Risks in the Term Structure of Interest Rates : Estimation
[slides]
By Taeyoung Doh (Federal Reserve Bank of Kansas City)
   Presented by: Taeyoung Doh, Economic Research Dept.
 

Incomplete Information In a Long Run Risks Model of Asset Pricing
[slides]
By Prasad V. Bidarkota, Florida International University
   Presented by: Prasad Bidarkota, Florida International University

Session 4: Matching Mechanisms

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Room 145
 

Why do popular mechanisms lack efficiency in random environments?
By Onur Kesten
   Presented by: Onur Kesten, Carnegie Mellon University
 

Strategy-Proofness of the Probabilistic Serial Mechanism in Large Random Assignment Problems
By Fuhito Kojima, Harvard University Mihai Manea, Harvard University
   Presented by: Fuhito Kojima, Harvard University
 

A Theory of House Allocation and Exchange Mechanisms
[slides]
By Marek Pycia, Penn State University M. Utku Unver, University of Pittsburgh
   Presented by: Utku Unver, University of Pittsburgh
 

Signaling in Matching Markets
By Peter Coles, Harvard University Muriel Niederle, Stanford University
   Presented by: Peter Coles, Harvard Business School

Session 5: Gender and Economic Outcomes

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Room 152
 

Son Preference, Sex Selection and Gender Inequality in India
By Deepankar Basu, The Ohio State University
   Presented by: Deepankar Basu,
 

Race, obesity, and the puzzle of gender specificity
[slides]
By Mary A. Burke, Federal Reserve Bank of Boston Frank Heiland, Florida State University
   Presented by: Frank Heiland, Florida State University
 

Money Can’t Buy Love: Gender-specific labor market conditions and family formation
[slides]
By Ayako Kondo, Columbia University
   Presented by: Ayako Kondo, Columbia University

Session 6: Experimental Studies of Reputation Formation

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Posner 388
 

Five Indefinitely Repeated Games in the Laboratory
By Jim Engle-Warnick McGill University Department of Economics
   Presented by: Jim Engle-Warnick, McGill University
 

Disclosure as a Tool for Building Trust and Stimulating Investment
[slides]
By Radhika Lunawat, University of Minnesota
   Presented by: Radhika Lunawat, University of Minnesota
 

Is Reputation Good or Bad? An Experiment
By Brit Grosskopf (Texas A&M University) Rajiv Sarin (Texas A&M University)
   Presented by: Brit Grosskopf, Texas A&M University

Session 7: Banks and Multiple Monies

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Grand Room
 

Information, Trade, and the Origin of Banks
By Luis Araujo - Michigan State University Raoul Minetti - Michigan State University
   Presented by: Raoul Minetti, Michigan State University
 

Run Equilibria in a Model of Financial Intermediation
By Huberto M. Ennis, Federal Reserve Bank of Richmond Todd Keister, Federal Reserve Bank of New York
   Presented by: Todd Keister, Federal Reserve Bank of New York
 

A Model of Tiered Settlement Networks
By James T.E. Chapman, Bank of Canada Jonathan Chiu, Bank of Canada Miguel Molico, Bank of Canada
   Presented by: James Chapman, Bank of Canada
 

One or Two Monies
[slides]
By Mei Dong, Simon Fraser University Janet Hua Jiang, University of Manitoba
   Presented by: Janet Jiang, University of Manitoba

Session 8: Unemployment Fluctuations

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Room 153
 

Aggregate and Idiosyncratic Risk in a Frictional Labor Market
[slides]
By Leena Rudanko, Boston University
   Presented by: Leena Rudanko, Boston University
 

Efficient Search On the Job and the Business Cycle
[slides]
By Guido Menzio, University of Pennsylvania Shouyong Shi, University of Toronto
   Presented by: Shouyong Shi, University of Toronto
 

Directed Search with Multiple Vacancies
[slides]
By Benjamin Lester, University of Western Ontario
   Presented by: Ben Lester, University of Western Ontario
 

Credit, Vacancies and Unemployment Fluctuations
By Nicolas Petrosky-Nadeau UQAM
   Presented by: Nicolas Petrosky-Nadeau, Universite du Quebec a Montreal

Session 9: Testing

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Room 146
 

m-Testing of Model Specification in Many Groups
[slides]
By Shinichi Sakata, University of British Columbia
   Presented by: shinichi sakata, University of British Columbia
 

Bias Corrections in Testing and Estimating Semiparametric, Single Index Models
[slides]
By Roger Klein, Rutgers Univeristy, Economics Department Chan Shen, Rutgers Univeristy, Economics Department
   Presented by: Chan Shen, Rutgers University
 

A Consistent Nonparametric Test of Affiliation
[slides]
By Sung Jae Jun, The Pennsylvania State University Joris Pinkse, The Pennsylvania State University Yuanyuan Wan, The Pennsylvania State University
   Presented by: Joris Pinkse, The Pennsylvania State University

Session 10: Structural Estimation in Corporate Finance

Date: June 19, 2008
Time: 13:30 - 15:00
Location: Cooper Auditorium
 

Bankruptcy and Product-Market Competition: Evidence from the Airline Industry
By Federico Ciliberto, University of Virginia Carola Schenone, University of Virginia
   Presented by: Federico Ciliberto,
 

Research and Development, Profits and Firm Value: A Stuctural Estimation
[slides]
By Missaka Warusawitharana, Board of Governors of the Federal Reserve
   Presented by: Missaka Warusawitharana, Board of Governors ofthe Federal Reserve
 

Dynamic Capital Structure under Managerial Entrenchment: Evidence from a Structural Estimation
[slides]
By Erwan Morellec, University of Lausanne Boris Nikolov, University of Lausanne Norman Schuerhoff, University of Lausanne
   Presented by: Norman Schurhoff, Universite de Lausanne
 

Leaders, Followers and Risk Dynamics in Industry Equilibrium
By Murray Carlson, University of British Columbia Engelbert J. Dockner, University of Vienna Adlai Fisher, University of British Columbia Ron Giammarino, University of British Columbia
   Presented by: Adlai Fisher, University of British Columbia

Session 11: Auctions and Resale Markets

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Room 145
 

Optimality and Second-Price Auctions with Resale
[slides]
By Bernard Lebrun, York University
   Presented by: Bernard Lebrun, York University
 

Revenue and Efficiency Effects of Resale in First-Price Auctions
By Isa Hafalir, Carnegie Mellon University Vijay Krishna, Penn State University
   Presented by: Isa Hafalir, Carnegie Mellon University
 

Collusion via Resale
By Rod Garratt, UC Santa Barbara Thomas Troger, University of Bonn Charles Zheng, Iowa State University
   Presented by: Charles Z. Zheng, Iowa State University
 

Asymmetric Common-Value Auctions with Applications to Resale
By Harrison Cheng, University of Southern California Goufu Tan, University of Southern California
   Presented by: Harrison Cheng, University of Southern California

Session 12: International Capital Flows

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Grand Room
 

Do Intangible Assets Explain High U.S. Foreign Direct Investment Returns?
By Benjamin Bridgman, Bureau of Economic Analysis
   Presented by: Benjamin Bridgman, Bureau of Economic Analysis
 

International Currency Portfolios
By Michael Kumhof, International Monetary Fund
   Presented by: Michael Kumhof, International Monetary Fund
 

Current Account Dynamics and Monetary Policy
[slides]
By Andrea Ferrero - Federal Reserve Bank of New York Mark Gertler - New York University Lars Svensson - Sveriges Riksbank
   Presented by: Andrea Ferrero, Federal Reserve Bank of New York
 

Current Account Imbalances in the Euro Area
[slides]
By Alan Ahearne, Bruegel Brussels Birgit Schmitz, University of Bonn Jürgen von Hagen, University of Bonn, Indiana University
   Presented by: Birgit Schmitz, University of Bonn

Session 13: Social Insurance and Risk

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Mellon Auditorium
 

How Is Consumption Smoothed against Income and Asset Shocks Induced by an Earthquake? The Case of Yamakoshi Village
[slides]
By Hidehiko Ichimura, Faculty of Economics, University of Tokyo Yasuyuki Sawada, Faculty of Economics, Univesity of Tokyo Satoshi Shimizutani Institute for International Policy Studies
   Presented by: Yasuyuki Sawada, University of Tokyo
 

Retirement and Social Security Reform Expectations: A Solution to the New Early Retirement Puzzle
By Hugo Benitez-Silva, SUNY-Stony Brook Deb S. Dwyer, SUNY-Stony Brook Frank Heiland, Florida State University Warrenc C. Sanderson, SUNY-Stony Brook
   Presented by: Frank Heiland, Florida State University
 

Bounds analysis of competing risks: a nonparametric evaluation of the effect of unemployment benefits on migration in Germany
[slides]
By Melanie Arntz (ZEW Mannheim) Simon Lo (University of Freiburg) Ralf A. Wilke (University of Nottingham)
   Presented by: Ralf Wilke, University of Nottingham
 

Moving Back Home: Insurance Against Labor Market Risk
By Greg Kaplan, New York University
   Presented by: Greg Kaplan, New York University

Session 14: Political Economy

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Room 152
 

A Second Chance at Success: A Political Economy Perspective
[slides]
By Ryo Arawatari, Graduate School of Economics, Osaka University Tetsuo Ono, Graduate School of Economics, Osaka University
   Presented by: Ryo Arawatari, Osaka University
 

Political Disagreement, Lack of Commitment and the Level of Debt
[slides]
By Davide Debortoli - Universitat Pompeu Fabra Ricardo Nunes - Federal Reserve Board
   Presented by: Ricardo Nunes, Federal Reserve Board
 

Demographics and Effective Capital/Labor Tax Rates in OECD Countries
[slides]
By Kazuki Konno, University of Texas at Austin
   Presented by: Kazuki Konno, University of Texas at Austin
 

Fiscal Reaction Functions in an Overlapping Generations Setting
[slides]
By Henning Bohn, University of California Santa Barbara
   Presented by: Henning Bohn, University of California, Santa Barbara

Session 15: Emirical Term Structure Models

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Simon Auditorium
 

Real-time forecasting of U.S. bond yields and their excess returns
By Joseph Davis (The Vanguard Group and NBER) Roger Aliaga-Diaz (The Vanguard Group)
   Presented by: Roger Aliaga-Diaz, The Vanguard Group
 

Forecasting with the term structure: The role of no-arbitrage
[slides]
By Greg Duffee, University of California at Berkeley
   Presented by: Greg Duffee, University of California at Berkeley
 

An Econometric Model of The Term Structure of Interest Rates Under Regime-Switching Risk
[slides]
By Shu Wu, The University of Kansas Yong Zeng, University of Missouri at Kansas City
   Presented by: Shu Wu, The University of Kansas
 

Inflation risk premia in the US and the euro area
[slides]
By Peter Hoerdahl, Bank for International Settlements Oreste Tristani, European Central Bank
   Presented by: Peter Hoerdahl, Bank for International Settlements

Session 16: Valuation Dynamics and Governance

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Cooper Auditorium
 

Search for Optimal CEO Compensation:Theory and Empirical Evidence
[slides]
By Melanie Cao, Schulich School of Business, York University Rong Wang, Singapore Management University
   Presented by: Melanie Cao,
 

The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries
[slides]
By Dirk Hackbarth (Washington University) Jianjun Miao (Boston University)
   Presented by: Jianjun Miao, Boston University
 

Collateral, Financial Intermediation, and the Distribution of Debt Capacity
By Adriano A. Rampini, Duke University S. Viswanathan, Duke University
   Presented by: Adriano Rampini, Duke University

Session 17: Issues in Education

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Rachel Mellon Walton
 

Estimating and Interpreting the Effect of Teachers on Student Outcomes
By Matthew Wiswall (New York University)
   Presented by: Matthew Wiswall, New York University
 

Do Value-Added Models Add Value? Tracking, Fixed Effects, and Causal Inference
By Jesse Rothstein, Princeton University & NBER
   Presented by: Jesse Rothstein, Princeton University
 

Alternative Mechanisms of Peer Achievement Spillovers: Implications for Identification and Policy
By Jane Cooley, University of Wisconsin-Madison
   Presented by: Jane Cooley, University of Wisconsin--Madison

Session 18: Estimation and Inference in Models of Treatment Effects

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Room 146
 

Estimating the Derivative Function and Counterfactuals in Duration Models with Heterogeneity
By Jerry Hausman, MIT Tiemen Woutersen, Johns Hopkins University
   Presented by: Tiemen Woutersen, JHU
 

Independence and Conditional Independence in Causal Systems
By Karim Chalak Department of Economics, Boston College Halbert White Department of Economics, University of California, San Diego
   Presented by: Karim Chalak, Boston College
 

Regression Discontinuity Design: Identification and Estimation of Treatment Effects with Multiple Selection Biases
[slides]
By Muzhe Yang, University of California at Berkeley
   Presented by: Muzhe Yang, University of California at Berkeley

Session 19: Crime and Immigration

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Room 153
 

Do Immigrants Cause Crime?
[slides]
By Paolo Buonanno University of Bergamo Milo Bianchi Paris School of Economics Paolo Pinotti Bank of Italy
   Presented by: Paolo Buonanno, University of Bergamo
 

An Unintended Consequence of Border Enforcement
[slides]
By Carolina Rodriguez Zamora, Ph.D. candidate in Economics at University of Texas at Austin
   Presented by: Carolina Rodriguez Zamora, University of Texas
 

Crime and Social Sanction
By Paolo Buonanno, Department of Economics, University of Bergamo Giacomo Pasini, Utrecht School of Economics and Department of Economics, University of Venice Paolo Vanin, Department of Economics, University of Padua
   Presented by: Paolo Vanin, University of Padua

Session 20: Experimental Evidence on Market Dynamics

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Posner I
 

When Do Markets Tip? An Experimental Study
[slides]
By 1. Tanjim Hossain, Hong Kong University of Science & Technology 2. John Morgan, University of California, Berkeley
   Presented by: Tanjim Hossain, HKUST
 

Dynamic Price Response Under Alternative Price-Cap and Price-Sensitive Demand Scenarios: Experimental Evidence from a Simulated Wholesale Electric Power Market
By Hongyan Li, Iowa State University; Junjie Sun, Office of the Comptroller of the Currency; Leigh Tesfatsion, Iowa State University.
   Presented by: Junjie Sun, Office of the Comptroller of the Currency
 

Competitive Behavior in Market Games: Evidence and Theory
[slides]
By John Duffy, University of Pittsburgh Alexander Matros, University of Pittsburgh Ted Temzelides, University of Pittsburgh
   Presented by: John Duffy, University of Pittsburgh

Session 21: Financial Markets

Date: June 19, 2008
Time: 15:30 - 17:00
Location: Posner II
 

Learning and Complementarities: Implications for Speculative Attacks
[slides]
By Itay Goldstein, Department of Finance, Wharton School, University of Pennsylvania Emre Ozdenoren, Department of Economics, University of Michigan Kathy Yuan, Department of Finance, Ross School, University of Michigan
   Presented by: Emre Ozdenoren, University of Michigan
 

Venture Capital and Underpricing: Capacity Constraints and Early Sales
[slides]
By Roberto Pinheiro Department of Economics University of Pennsylvania
   Presented by: Roberto Pinheiro, University of Pennsylvania
 

Information and High Frequency Trading
[slides]
By Emiliano S. Pagnotta Department of Economics, Northwestern University.
   Presented by: Emiliano Pagnotta,
 

Competition among rating agencies and information disclosure
[slides]
By Neil Doherty, Wharton School, U Penn Anastasia Kartasheva, Wharton School, U Penn Richard Phillips, Georgia State university
   Presented by: Anastasia Kartasheva, University of Pennsylvania

Session 22: Walras-Bowley Lecture

Session Chair: Stanley Zin, Carnegie Mellon University
Date: June 19, 2008
Time: 17:15 - 18:15
Location: McConomy Auditorium
 

Dynamic Female Labor Supply
[slides]
By Zvi Eckstein, Tel Aviv University
   Presented by: Zvi Eckstein, Tel Aviv University

Session 23: International Aspects of Business Cycles

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Cooper Auditorium
 

International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
[slides]
By Charles Engel, University of Wisconsin Jian Wang, Federal Reserve Bank of Dallas
   Presented by: Jian Wang, Federal Reserve Bank of Dallas
 

Financial Frictions and Total Factor Productivity: Accounting for the Real Effects of Financial Crises
[slides]
By Sangeeta Pratap, CUNY Carlos Urrutia, ITAM
   Presented by: Sangeeta Pratap, Hunter College and CUNY Graduate Center
 

International Evidence on Sticky Consumption Growth
[slides]
By Christopher Carroll, Johns Hopkins University Jiri Slacalek, European Central Bank Martin Sommer, International Monetary Fund
   Presented by: Martin Sommer, International Monetary Fund
 

Optimal Taxation over the Life Cycle
By Aspen Gorry, University of Chicago Ezra Oberfield, University of Chicago
   Presented by: Ezra Oberfield, University of Chicago

Session 24: Bounded Rationality

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Room 152
 

Unawareness and Strategic Announcements
[slides]
By Erkut Ozbay, University of Maryland
   Presented by: Erkut Ozbay, University of Maryland
 

Time to think and the negative effect of competition
[slides]
By Toru Suzuki, Boston University
   Presented by: Toru Suzuki, Boston University
 

Object-Based Unawareness II: Applications
By Oliver Board (University of Pittsburgh) Kim-Sau Chung (University of Minnesota)
   Presented by: Oliver Board, University of Pittsburgh
 

Learning and Risk Aversion
By Carlos Oyarzun, University of Alicante Rajiv Sarin, Texas A&M University
   Presented by: Rajiv Sarin, Texas A&M University

Session 25: Political Institutions

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Posner II
 

Ideology and Competence in Alternative Electoral Systems
By Matias Iaryczower, Caltech Andrea Mattozzi, Caltech
   Presented by: Matias Iaryczower, Caltech
 

Motivating Politicians:The Impacts of Monetary Incentives on Quality and Performance
[slides]
By Claudio Ferraz, Instituto de Pesquisa Economica Aplicada (IPEA) Frederico Finan, UCLA
   Presented by: Claudio Ferraz, University of California, Berkeley
 

Parties, Coalitions, and the Internal Organization of Legislatures
[slides]
By Daniel Diermeier - Kellogg School of Management, Northwestern University Razvan Vlaicu - University of Maryland
   Presented by: Razvan Vlaicu, University of Maryland

Session 26: Nonlinear Econometrics

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Room 145
 

NONLINEAR STRUCTURE IN REGRESSION RESIDUALS
[slides]
By Michael McCullough, School of Economic Sciences, Washington State University Thomas L. Marsh, School of Economic Sciences, Washington State University Ron C. Mittelhammer School of Economic Sciences, Washington State University
   Presented by: Michael McCullough, Washington State University
 

Specification Tests for Nonlinear Time Series Models
[slides]
By Igor Kheifets, Universidad Carlos III de Madrid
   Presented by: Igor Kheifets, Univerdidad Carlos III de Madrid
 

Searching for Nonlinearities in Real Exchange Rates
[slides]
By Yamin Ahmad, University of Wisconsin - Whitewater Stuart Glosser, University of Wisconsin - Whitewater
   Presented by: Yamin Ahmad, University of Wisconsin - Whitewater

Session 27: Uncertainty and Asset Pricing

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Mellon Auditorium
 

State-uncertainty aversion and the term structure of interest rates
By Frode Brevik, VU Amsterdam
   Presented by: Frode Brevik, VU Amsterdam
 

Ambiguity, Learning, and Asset Returns
By Nengjiu Ju, Hong Kong University of Science and Technology Jianjun Miao, Boston University
   Presented by: Jianjun Miao, Boston University
 

What's Vol Got To Do With It
[slides]
By Itamar Drechsler, The Wharton School, University of Pennsylvania Amir Yaron, The Wharton School, University of Pennsylvania and NBER
   Presented by: Itamar Drechsler, University of Pennsylvania
 

Learning, Ambiguity and Life-Cycle Portfolio Allocation
[slides]
By Claudio Campanale Universidad de Alicante
   Presented by: Claudio Campanale, University of Alicante

Session 28: Identification

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Room 153
 

Sharp Identification Regions in Games
By Arie Beresteanu, Duke University Ilya Molchanov, Bern University Francesca Molinari, Cornell University
   Presented by: Arie Beresteanu, Duke University
 

Consistency of Plug-In Estimators of Upper Contour and Level Sets
By Nese Yildiz, University of Rochester
   Presented by: Nese Yildiz, University of Rochester
 

Exogeneity tests and weak-identification
[slides]
By Firmin Doko, Université de Montréal, Jean-Marie Dufour, McGill University
   Presented by: Firmin Doko Tchatoka, Université de Montreal
 

Nonparametric Analysis of Treatment Effects in Ordered Response Models
[slides]
By Stefan Boes, University of Zurich
   Presented by: Stefan Boes, University of Zurich

Session 29: Growth, Valuation, and Real Assets

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Simon Auditorium
 

Real Investment and Risk Dynamics
By Ilan Cooper, Tel Aviv University and Norwegian School of Management. Richard Priestley, Norwegian School of Management.
   Presented by: Ilan Cooper, Tel Aviv University
 

Accounting for Low-Frequency Variation in Tobin's q
By Chris Telmer, Carnegie Mellon University Iulian Obreja, University of Colorado
   Presented by: Christopher Telmer, Carnegie Mellon University
 

Liquidity in Real Asset Markets
By Alessandro Gavazza, Yale University
   Presented by: Alessandro Gavazza, Yale University

Session 30: Game Theory Experiments

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Room 146
 

Information and Beliefs in a Repeated Normal-Form Game
By Dietmar Fehr, Technische Universität Berlin Dorothea Kuebler, Technische Universität Berlin and IZA David Danz, Technische Universität Berlin
   Presented by: Dietmar Fehr, Technische Universität Berlin
 

Belief Formation By Outside Observers
[slides]
By Kyle Hyndman, Southern Methodist University Wolf Ehrblatt, New York University Erkut Ozbay, University of Maryland Andrew Schotter, New York University
   Presented by: Kyle Hyndman, Southern Methodist University
 

Testing the TASP: an Experimental Investigation of Learning in Games with Unstable Equilibria
By Timothy N. Cason, Purdue University Daniel Friedman, UC Santa Cruz Ed Hopkins, University of Edinburgh
   Presented by: Ed Hopkins, University of Edinburgh
 

Correlated equilibria, good and bad: an experimental study
[slides]
By John Duffy; University of Pittsburgh Nick Feltovich; University of Aberdeen
   Presented by: Nick Feltovich, University of Aberdeen

Session 31: Special Types of Markets

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Rachel Mellon Walton
 

Emissions Trading and Profit-Neutral Permit Allocations
[slides]
By Cameron Hepburn School of Enterprise and the Enivronment, Oxford University John Quah, Department of Economics, Oxford University Robert Ritz, Department of Economics, Oxford University
   Presented by: John Quah, Oxford University
 

Sorting, Reputation and Entry in a Market for Experts
[slides]
By Enrico Sette, Bank of Italy and LSE
   Presented by: Enrico Sette, Bank of Italy - London School of Economics
 

Inefficient durable-goods monopolies
[slides]
By Joao Montez, U. of Lausanne and Columbia U.
   Presented by: Joao Montez, Columbia University

Session 32: Policy Evaluations: Marriage, health, microcredit, and education

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Grand Room
 

Aggregate Effect of AIDS on Development
By Raul Santaeulalia-Llopis University of Pennsylvania
   Presented by: Raul Santaeulalia-Llopis, University of Pennsylvania
 

Accounting for Gender Gap in College Attainment
[slides]
By Suqin Ge (Virginia Tech) Fang Yang (SUNY-Albany)
   Presented by: Fang Yang, SUNY-Albany
 

Impact of Changes in Marriage Law
[slides]
By Prashant Bharadwaj Yale University
   Presented by: Prashant Bharadwaj, Yale University

Session 33: Institutions and Growth

Date: June 20, 2008
Time: 9:00 - 10:30
Location: Posner I
 

Sudden Stops and Reallocation: Evidence from Labor Market Flows in Latin America
[slides]
By Francisco A Gallego, Pontificia Universidad Catolica de Chile Jose Tessada, MIT
   Presented by: Jose Tessada, MIT
 

Unit root tests when the data are a trigonometric transformation of an integrated process
[slides]
By Chien-Ho Wang National Taipei University Robert M. de Jong Ohio State University
   Presented by: Chien-Ho Wang, National Taipei University
 

The Long Way Around: the real consequences of corruption in customs
[slides]
By Sandra Sequeira (Weatherhead Center for International Affairs, Harvard University) Sendhil Mullainathan (Department of Economics, Harvard University) Simeon Djankov (International Finance Corporation)
   Presented by: Sandra Sequeira, Weather Center for International Affairs
 

The Domestic and International Effects of Financial Deregulation
[slides]
By Fabio Ghironi, Boston College and Viktors Stebunovs, Board of Governors of the FRS
   Presented by: Viktor Stebunovs,

Session 34: Plenary II: Monetary Policy and Financial Markets

Session Chair: Christopher Telmer, Carnegie Mellon University
Date: June 20, 2008
Time: 11:00 - 12:00
Location: Mellon Auditorium
 

Monetary Policy and Financial Markets
By Lars Peter Hansen, University of Chicago
   Presented by: Lars Hansen, University of Chicago
 

Monetary Policy and Financial Markets
[slides]
By Marvin Goodfriend, Carnegie Mellon University Robert G. King Boston University
   Presented by: Marvin Goodfriend, Carnegie Mellon University

Session 35: Plenary I: Neureconomics

Session Chair: John Duffy, University of Pittsburgh
Date: June 20, 2008
Time: 11:00 - 12:00
Location: Room 152
 

Neureconomics
By George Loewenstein, Carnegie Mellon University
   Presented by: George Loewenstein, Carnegie Mellon University
 

Neuroeconomics
By Antonio Rangel, California Institute of Technology
   Presented by: Antonio Rangel, California Institute of Technology

Session 36: Issues in Monetary Policy Design

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Cooper Auditorium
 

On-the-job search, sticky prices, and persistence
By Willem Van Zandweghe, Carnegie Mellon University
   Presented by: Willem Van Zandweghe, Carnegie Mellon University
 

The Gains from Imperfect Inflation-Targeting Commitments
By Christian Jensen, University of South Carolina
   Presented by: Christian Jensen, University of South Carolina
 

Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
[slides]
By Cesaire Meh, Bank of Canada Jose-Victor Rios-Rull, University of Minnesota Yaz Terajima, Bank of Canada
   Presented by: Yaz Terajima, Bank of Canada

Session 37: Technology, Productivity and Growth

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Room 145
 

Superstores or Mom and Pops? Market Size, Technology Adoption, and TFP Differences
[slides]
By David Lagakos, UCLA
   Presented by: David Lagakos, Minneapolis Federal Reserve Bank
 

The Role of Openness in Industry Dynamics: A Model of Innovation and Technology Diffusion in Developing Industries
[slides]
By Serguey Braguinsky, SUNY Buffalo and Carnegie Mellon University Salavat Gabdrakhmanov, CEFIR, Moscow, Russia Atsushi Ohyama, SUNY Buffalo David C. Rose, University of Missouri, St. Louis
   Presented by: Serguey Braguinsky, SUNY Buffalo
 

The Impact of Structural Change on the Oil Price
[slides]
By Radoslaw Stefanski University of Minnesota
   Presented by: Radoslaw Stefanski, University of Minnesota
 

Educational Corruption and Growth
[slides]
By Philip Shaw University of Connecticut
   Presented by: Philip Shaw, University of Connecticut

Session 38: Contracts 1

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Posner II
 

The Right of First Offer
[slides]
By Xinyu Hua, Hong Kong University of Science and Technology
   Presented by: Xinyu Hua, HKUST
 

Dissolving Multi-Partnerships Efficiently
By M. Bumin Yenmez,Stanford Graduate School of Business
   Presented by: M. Yenmez, Stanford GSB
 

Joint Commitment: Implementation without Public Randomization.
[slides]
By Francesco Nava, University of Chicago
   Presented by: Francesco Nava, University of Chicago
 

Substitutes and Stability for Matching with Contracts
[slides]
By John William Hatfield Stanford University Fuhito Kojima Harvard University
   Presented by: John Hatfield, Graduate School of Business

Session 39: Experimental Studies of Auctions and Contracts

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Room 146
 

Individual Behavior In Auctions with Price Proportional Benefits
By R. Mark Isaac, Florida State University Svetlana Pevnitskaya, Florida State University Timothy C. Salmon, Florida State University
   Presented by: Svetlana Pevnitskaya, Florida State University
 

Institutions and Contract Enforcement
By Armin Falk, University of Bonn David Huffman, Swarthmore College Bentley MacLeod, Columbia University
   Presented by: david huffman, IZA
 

Naked Exclusion: An Experimental Study of Contracts with Externalities
[slides]
By Claudia M. Landeo, University of Alberta Kathryn E. Spier, Harvard University
   Presented by: Claudia Landeo, University of Alberta

Session 40: Frontiers of Computational Methods

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Grand Room
 

Valuing Programs with Deterministic and Stochastic Cycles
By Harry J. Paarsch, University of Iowa John Rust, University of Maryland
   Presented by: Harry Paarsch, University of Iowa
 

Data-Driven Adaptive Rate-Optimal Nonparametric Testing
[slides]
By Alain Guay CIRPÉE and CIREQ, Université du Québec à Montréal Emmanuel Guerre Department of Economics, Queen Mary, University of London Stepana Lazarova Department of Economics, Queen Mary, University of London
   Presented by: Stepana Lazarova, Queen Mary, University of London
 

The (mis)specification of discrete time duration models with unobserved heterogeneity: a Monte-Carlo study
[slides]
By Cheti Nicoletti University of Essex, Institute for Social and Economic Research Concetta Rondinelli Bank of Italy, Department of Economic Outlook and Monetary Policy Studies, and "Carlo F. Dondena" Centre for Research on Social Dynamics, Bocconi University.
   Presented by: Concetta Rondinelli, Bocconi University
 

Efficient Semiparametric Detection of Changes in Trend
[slides]
By Chuan Goh, University of Toronto
   Presented by: Chuan Goh, University of Toronto

Session 41: Asset Pricing II

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Mellon Auditorium
 

The Federal Reserve and the Cross Section of Stock Returns
[slides]
By Francisco Palomino, University of Michigan Erica X.N. Li, University of Michigan
   Presented by: Francisco Palomino, University of Michigan
 

Why Mutual Funds "Underperform"
By Vincent Glode, Carnegie Mellon University
   Presented by: Vincent Glode, Carnegie Mellon University
 

Who holds risky assets?
[slides]
By David Backus, New York University Bryan Routledge, Carnegie Mellon University Stanley Zin, Carnegie Mellon University
   Presented by: Stanley Zin, Carnegie Mellon University

Session 42: Financial Markets and Macroeconomic Performance

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Cooper Auditorium
 

Financing Development: The Role of Information Costs
[slides]
By Jeremy Greenwood, University of Pennsylvania Juan M. Sanchez, University of Rochester Cheng Wang, Iowa State Unversity
   Presented by: Jeremy Greenwood, University of Pennsylvania
 

The Geography of Trade and Multinational Production
[slides]
By Natalia Ramondo, U. Texas-Austin Andres Rodriguez-Clare, Penn State U. and NBER
   Presented by: Natalia Ramondo, University of Texas at Austin
 

Finance and Development: A Tale of Two Sectors
By Francisco Buera, Northwestern University Joe Kaboski, Ohio State University Yongseok Shin, UW-Madison
   Presented by: Francisco Buera, Northwestern University

Session 43: Quantitative Macro Models

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Posner I
 

Driving Forces of the Canadian Economy: An Accounting Exercise
By Simona Cociuba, Federal Reserve Bank of Dallas Alexander Ueberfeldt, Bank of Canada
   Presented by: Simona Cociuba, Federal Reserve Bank of Dallas
 

An Efficient Approach to Analyzing State-Space Representations
By David N. DeJong, University of Pittsburgh Hariharan Dharmarajan, University of Pittsburgh Roman Liesenfeld, Universitat Kiel Jean-Francois Richard, University of Pittsburgh
   Presented by: David DeJong, UNIVERSITY OF PITTSBURGH
 

What You Match Does Matter: The Effects of Data on DSGE Estimation
[slides]
By Pablo A. Guerron Quintana Department of Economics North Carolina State University
   Presented by: Pablo Guerron-Quintana, North Carolina State University

Session 44: Empirical Asset Pricing

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Room 153
 

Information Flow between Credit Default Swap, Options and Equity Markets
By Antje Berndt, Carnegie Mellon University Anastasiya Ostrovnaya, Deutsche Bank
   Presented by: Antje Berndt, Carnegie Mellon University
 

Macroeconomic Determinants of Volatility and Volatility Risk Premia
By Valentina Corradi University of Warwick Walter Distaso Imperial College, Tanaka Business School Antonio Mele London School of Economics
   Presented by: Valentina Corradi, University of Warwick
 

Macroeconomic News Announcements, Financial Market Volatility and Jumps
[slides]
By Xin Huang, Department of Economics, University of Oklahoma
   Presented by: Xin Huang, University of Oklahoma
 

Risk-neutral modelling with affine and non-affine models
By garland Durham, University of Colorado
   Presented by: Garland Durham, University of Colorado

Session 45: Auctions and Trading Mechanisms

Date: June 20, 2008
Time: 13:30 - 15:00
Location: Room 152
 

Auctions with Toeholds: An Experimental Study
[slides]
By Rosemarie Nagel, UPF Sotiris Georganas, Ohio State University
   Presented by: Sotirios Georganas, Ohio State University and University of Bonn
 

First and Second Price Mechanisms in Procurement and other Asymmetric Auctions
[slides]
By Vladimir Mares, Olin Business School, Washington University in St. Louis. Jeroen M. Swinkels Olin Business School, Washington University in St. Louis.
   Presented by: Jeroen Swinkels, Washington University in St. Louis
 

Information Revelation and Random Entry in Sequential Ascending Auctions
[slides]
By Maher Said, Yale University
   Presented by: Maher Said, Yale University

Session 46: Evolution and Learning

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Room 152
 

Negatively Correlated Bandits
[slides]
By Nicolas Klein, Munich Graduate School of Economics Sven Rady, Department of Economics, University of Munich
   Presented by: Sven Rady, University of Munich
 

On the Elimination of Dominated Strategies in Stochastic Models of Evolution with Large Populations
By Christoph Kuzmics KSM-MEDS, Northwestern University
   Presented by: Christoph Kuzmics, Kellogg School of Management
 

The Evolution of Bidding Behavior in Private-Values Auctions and Double Auctions
By 1. Rene Saran, Maastricht University, The Netherlands 2. Roberto Serrano, Brown University, U.S.A and IMDEA, Spain
   Presented by: Rene Saran, Maastricht University
 

Cooperation through Imitation and Exclusion in Networks
[slides]
By Friederike Mengel, University of Alicante Constanza Fosco, University of Alicante
   Presented by: Friederike Mengel, Universidad de Alicante

Session 47: Further development in asymptotic theory

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Room 151
 

An Alternative Sense of Asymptotic Efficiency
[slides]
By Ulrich K. Müller Economics Department, Princeton University
   Presented by: Ulrich Mueller, Princeton University
 

On Bahadur efficiency of empirical likelihood
By Taisuke OTSU
   Presented by: Taisuke Otsu, Yale University
 

Subsampling High Frequency Data
By Ilze Kalnina (London School of Economics)
   Presented by: Ilze Kalnina, London School of Economics
 

Semiparametric Least Squares Estimation of Single Index Models and Its Applications to a Binary Choice Model
[slides]
By Hisatoshi Tanaka, Department of Economics, UW-Madison
   Presented by: Hisatoshi Tanaka, University of Wisconsin

Session 48: Structural Estimation of Dynamic Models

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Rachel Mellon Walton
 

Stochastic Approach to Semiparametric Information Bound of Dynamic Discrete Choice Models
[slides]
By Moshe Buchinsky, UCLA Jinyong Hahn, UCLA Kyoo il Kim, University of Minnesota
   Presented by: Kyoo il Kim, University of Minnesota
 

An empirical dynamic model of mortgage default in Colombia between 1997 and 2004
By Juan Esteban Carranza, University of Wisconsin-Madison Salvador Navarro University of Wisconsin-Madison
   Presented by: Salvador Navarro, University of Wisconsin-Madison
 

Sequential Estimation of Structural Models with Fixed Point Constraint
By Hiroyuki Kasahara, University of Western Ontario Katsumi Shimotsu, Queen's University
   Presented by: Katsumi Shimotsu, Queen's University
 

Estimating Dynamic Games of Complete Information with an Application to the Generic Pharmaceutical Industry
[slides]
By A. Ronald Gallant, Fuqua School of Business, Duke University Han Hong, Department of Economics, Stanford University Ahmed Khwaja, Fuqua School of Business, Duke University
   Presented by: Ahmed Khwaja, Duke University

Session 49: Text Based Information in Finance

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Room 153
 

Viewing the Future through the Eyes of Managers: A Naïve Bayesian Approach to
By Feng Li, University of Michigan
   Presented by: Feng Li,
 

Text-based portfolio choice
[slides]
By Shimon Kogan, Carnegie Mellon Bryan R. Routledge, Carnegie Mellon Jacob Sagi, Vanderbilt Noah A. Smith, Carnegie Mellon
   Presented by: Bryan Routledge,
 

Media Coverage, Investor Inattention, and the Market’s Reaction to News
By Charles Gaa, University of British Columbia
   Presented by: Charles Gaa,
 

Critical Accounting Policy Disclosures
[slides]
By Carolyn Levine, Carnegie Mellon University Michael Smith, Boston University
   Presented by: Carolyn Levine, Carnegie Mellon University

Session 50: Self-Control and Mental Accounting

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Room 146
 

Procrastination and Impatience
[slides]
By Ernesto Ruben Northwestern University Paola Sapienza Northwestern University Luigi Zingales University of Chicago
   Presented by: Luigi Zingales, University of Chicago
 

Love, Hate and Murder: Commitment Devices in Violent Relationships
[slides]
By Anna Aizer, Brown University Pedro Dal Bo, Brown University
   Presented by: Pedro Dal Bo, Brown University
 

The Ultimatum Game: Interdependent Preferences in Experimental Setting
[slides]
By Yoram Halevy, University of British Columbia Michael Peters, University of British Columbia
   Presented by: Yoram Halevy, University of British Columbia

Session 51: Population Dynamics and Growth

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Room 145
 

Population and Development: Genetic History, Cities, and the African Advantage
[slides]
By University of California at Santa Barbara
   Presented by: Javier Birchenall, University of California, Santa Barbara
 

Counting and Multidimensional Poverty Measurement
By Sabina Alkire, Oxford University James Foster, Vanderbilt, Oxford University
   Presented by: Sabina Alkire, Oxford Poverty & Human Development Init
 

Life Expectancy and the Wealth of Nations
By Marla Ripoll, University of Pittsburgh Juan Carlos Cordoba, Rice University
   Presented by: Juan Cordoba, Rice University

Session 52: Default and Credit Risk

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Cooper Auditorium
 

An Equilibrium Model of Credit Risk and Asset Pricing
[slides]
By Joao Gomes, University of Pennsylvania Lukas Schmid, University of Lausanne
   Presented by: Lukas Schmid, University of Pennsylvania
 

Reorganization or Exit: Bankruptcy Decisions and Firm Dynamics
By Dean Corbae, University of Texas at Austin Pablo D'Erasmo, University of Texas at Austin
   Presented by: Dean Corbae, University of Texas at Austin
 

The pricing of risk in european credit and corporate bond markets
By Iulian Obreja, University of Colorado at Boulder Antje Berndt, Carnegie Mellon University
   Presented by: Antje Berndt, Carnegie Mellon University
 

Internal Debt Crises and Sovereign Defaults
[slides]
By Cristina Arellano, University of Minnesota Narayana Kocherlakota, University of Minnesota
   Presented by: Narayana Kocherlakota, University of Minnesota

Session 53: Contracts 4

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Posner II
 

A Modified English Auction for an Informed Buyer
[slides]
By Filippo Balestrieri, MIT
   Presented by: Filippo Balestrieri, MIT
 

Mechanism Design with Bilateral Contracting
[slides]
By Vianney Dequiedt, INRA-Université de Grenoble David Martimort, TSE
   Presented by: Vianney Dequiedt, Université de Grenoble
 

The Optimality of Delegation under Imperfect Commitment
By Fumitoshi Moriya
   Presented by: Fumitoshi Moriya, Hitotsubashi University

Session 54: Monetary Economics: Model Specification-I

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Simon Auditorium
 

Sticky-information vs. Backward-looking indexation: Inflation inertia in the U.S.
[slides]
By Julio A. Carrillo Maastricht University (ALGEC)
   Presented by: Julio Carrillo, Maastricht University
 

Search frictions, real rigidities and inflation dynamics
By Carlos Thomas, Bank of Spain
   Presented by: Carlos Thomas, Bank of Spain
 

Labor Market Search and Interest Rate Policy
[slides]
By Takushi Kurozumi (Bank of Japan) Willem Van Zandweghe (Carnegie Mellon University)
   Presented by: Willem Van Zandweghe, Carnegie Mellon University

Session 55: Political Economy of Elections

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Posner I
 

Mobilization and Persuasion of Political Advertising
By Arianna Degan, UQAM
   Presented by: Arianna Degan, University of Quebec at Montreal
 

Competence and Ideology
[slides]
By Dan Bernhardt University of Illinois at Urbana-Champaign Odilon Camara University of Illinois at Urbana-Champaign Francesco Squintani Universita' degli Studi di Brescia
   Presented by: Odilon Camara, University of Illinois Urbana-Champaign
 

Turnover and Accountability of Appointed and Elected Judges
By Claire S.H. Lim, Department of Economics, University of Pennsylvania
   Presented by: Claire Lim, University of Pennsylvania

Session 56: Information and Asset Pricing

Date: June 20, 2008
Time: 15:30 - 17:00
Location: Mellon Auditorium
 

Monitoring and Manipulations: Asset Prices When Agents are Marked-to-Market
[slides]
By Gary Gorton, Yale University Ping He, Tsinghua University Lixin Huang, Georgia State University
   Presented by: Ping He, University of Illinois, Chicago
 

House Price Dynamics with Heterogeneous Expectations
By Giovanni Favara, HEC University of Lausanne. Zheng Song, Fudan University, Shanghai
   Presented by: Giovanni Favara, Univeristy of Lausanne
 

Interbank Lending, Collateral, and the 2007 Liquidity Crisis
[slides]
By Christian Ewerhart, University of Zurich Jens Tapking, European Central Bank
   Presented by: Christian Ewerhart, University of Zurich
 

Advance Information and Asset Prices
[slides]
By Rui Albuquerque, Boston University School of Management Jianjun Miao, Boston University
   Presented by: Jianjun Miao, Boston University

Session 57: Allan H. Meltzer Lecture

Session Chair: Dennis Epple, Carnegie Mellon University
Date: June 20, 2008
Time: 17:15 - 18:15
Location: McConomy Auditorium
 

The Scope of Cooperation
By Guido Tabellini, Bocconi University
   Presented by: Guido Tabellini, Bocconi University

Session 58: Bayesian Methodology

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Room 152
 

Estimation of dynamic discrete choice models using artificial neural network approximations
By Andriy Norets, Princeton University
   Presented by: Andriy Norets, Princeton University
 

Improving MCMC Using Efficient Importance Sampling
[slides]
By Roman Liesenfeld, Christian-Albrecht Universitat Jean-Francois Richard, University of Pittsburgh
   Presented by: Jean-Francois Richard, University of Pittsburgh
 

A Bayesian Approach to Nonparametric Monotone Function Estimation
[slides]
By Thomas S. Shively, University of Texas at Austin Thomas W. Sager, University of Texas at Austin Stephen G. Walker, University of Kent
   Presented by: Tom Shively,

Session 59: Monetary Economics: Expectations and Learning

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Mellon Auditorium
 

Stability of Macroeconomic Systems with Bayesian Learners
By James Bullard, Federal Reserve Bank of St. Louis Jacek Suda, Washington University in St. Louis
   Presented by: Jacek Suda, Washington University in St. Louis
 

The Forward Solution for Linear Rational Expectations Models
[slides]
By Seonghoon Cho, Yonsei University Antonio Moreno, University of Navarra
   Presented by: Seonghoon Cho, Yonsei University
 

Managing expectations
[slides]
By Yang Lu, Boston University Robert G. King, Boston University Ernesto Pasten, IDEI-Toulouse School of Economics and Banco Central de Chile
   Presented by: Yang Lu, Boston University

Session 60: Exchange rates

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Cooper Auditorium
 

International Competition and Inflation: A New Keynesian Perspective
[slides]
By Luca Guerrieri, Federal Reserve Board Christopher Gust, Federal Reserve Board David Lopez-Salido, Federal Reserve Board
   Presented by: Luca Guerrieri, Federal Reserve Board
 

Do Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural Estimation
By Wei Dong Bank of Canada
   Presented by: Wei Dong, Bank of Canada
 

Monetary Policy and the Uncovered Interest Rate Parity Puzzle
By David K. Backus, New York University Chris Telmer, Carnegie Mellon University Stanley E. Zin, Carnegie Mellon University
   Presented by: Christopher Telmer, Carnegie Mellon University
 

Imports, Exports, Dollar Exposures and Stock Returns
[slides]
By Liuren Wu - Dept. of Eco and Finance, Baruch College, CUNY Suparna Chakraborty-Dept. of Eco and Finance, Baruch College, CUNY Yi Tang-Dept. of Eco. and Finance, Baruch College, CUNY
   Presented by: Suparna Chakraborty, Baruch College, CUNY

Session 61: R&D and Intellectual Property

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Posner II
 

Scarcity of Ideas and Options to Invest in R&D
By Nisvan Erkal, University of Melbourne Suzanne Scotchmer, University of California, Berkeley and NBER
   Presented by: Nisvan Erkal, University of Melbourne
 

Entrepreneurial Behavior and the development of Trading Institutions: An Analytical Approach
[slides]
By Karen A. Campbell, Temple University
   Presented by: Karen Campbell, The Heritage Foundation/Temple University
 

Intellectual Property Clearinghouses and Investment in R'D
[slides]
By Reiko Aoki, Hitotsubashi University & University of Auckland, Aaron Schiff, Hitotsubashi University
   Presented by: Reiko Aoki, Hitotsubashi University

Session 62: Innovation in the Analysis of Durable Goods and Investment

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Grand Room
 

Durable Goods Oligopoly with Innovation: Theory and Empirics
By Ronald Goettler, Carnegie Mellon University Brett Gordon, Columbia University
   Presented by: Ronald Goettler, Carnegie Mellon University
 

Deflation in Durable Goods Markets: An Empirical Model of the Tokyo Condominium Market
[slides]
By Migiwa Tanaka, Institute for Monetary and Economic Studies, Bank of Japan
   Presented by: Migiwa Tanaka, Bank of Japan
 

Geographical and multi-product linkages of markets: impact on firm equilibrium interactions
By Nina Leheyda Center for European Economic Research (ZEW), Mannheim
   Presented by: Nina Leheyda, Center for European Economic Research (ZEW)
 

The Dynamics of Automobile Expenditures
[slides]
By Adam Copeland, Bureau of Economic Analysis
   Presented by: Adam Copeland, BEA, US Dept. of Commerce

Session 63: Political Dynamics

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Room 145
 

Long Term Persistance
By Luigi Guiso Paola Sapienza Luigi Zingales
   Presented by: Luigi Zingales, University of Chicago
 

On the "Faustian Dynamics" of Policy and Political Power
[slides]
By Jinhui Bai, Georgetown University Roger Lagunoff, Georgetown University
   Presented by: Jinhui Bai, Georgetown University
 

Dynamics and Stability of Constitutions, Coalitions, and Clubs
[slides]
By Daron Acemoglu (MIT) Georgy Egorov (Harvard) Konstantin Sonin (New Economic School)
   Presented by: Georgy Egorov, Harvard University
 

Political Institutions and the Dynamics of Government Spending
By Daniel Diermeier, Northwestern University Pohan Fong, Northwestern University
   Presented by: Pohan Fong, Northwestern University

Session 64: Contracts 3

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Posner I
 

Search, Moral Hazard, and Price Dispersion
[slides]
By S. Nuray Akin University of Miami, Dept. of Economics Brennan C. Platt Brigham Young University, Dept. of Economics
   Presented by: Nuray Akin, University of Miami
 

Debt, Equity, and Information
[slides]
By Matthias Bühlmaier, Vienna Graduate School of Finance
   Presented by: Matthias Buehlmaier, Vienna Graduate School of Finance
 

Endogenous Valuation of Collateral and Ex Ante Trade in Market Fundamentals
[slides]
By Weerachart Kilenthong Department of Economics U of California, Santa Barbara Robert M. Townsend Department of Economics U of Chicago
   Presented by: Weerachart Kilenthong, University of California, Santa Barbara

Session 65: Decision Theory I

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Simon Auditorium
 

Choice by Constraint Elimination
[slides]
By Yusufcan Masatlioglu, University of Michigan Daisuke Nakajima, University of Michigan
   Presented by: Yusufcan Masatlioglu, University of Michigan
 

On Choice in a Complex Environment
[slides]
By Murali Agastya (University of Sydney) Arkadii Slinko (University of Auckland)
   Presented by: Murali Agastya, University of Sydney
 

Dynamic choice with anticipated regret
[slides]
By Takashi Hayashi, University of Texas at Austin
   Presented by: Takashi Hayashi, University of Texas at Austin

Session 66: Communication

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Rachel Mellon Walton
 

Communication and Learning
By Luca Anderlini (Georgetown University) Dino Gerardi (Yale University) Roger Lagunoff (Georgetown University)
   Presented by: Dino Gerardi, Yale University
 

Wait and See
By Peter Eso, Kellogg School of Management, Northwestern University Yuk-fai Fong, Kellogg School of Management, Northwestern University
   Presented by: Peter Eso, Kellogg School, Northwestern University
 

Persuasion and Limited Communication
[slides]
By Itai Sher University of Minnesota
   Presented by: Itai Sher, University of Minnesota
 

A Strategic Theory of Network Status
By Brian W. Rogers, Northwestern University, MEDS
   Presented by: Brian Rogers, Northwestern University, Kellogg

Session 67: Investments and Frictions

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Room 343
 

State-dependent Irreversibility and Lemons Market
[slides]
By Shaojin Li, University of Texas at Austin, Department of Economics
   Presented by: Shaojin Li, University of Texas at Austin
 

Uncertainty and Capital Accumulation: Empirical Evidence for African and Asian Firms
[slides]
By Stephen R. Bond, Nuffield College and Department of Economics, University of Oxford and Institute for Fiscal Studies; Måns Söderbom, Centre for the Study of African Economies, Department of Economics, University of Oxford, and Department of Economics, University of Gothenburg; Guiying Wu, Nuffield College and Department of Economics, University of Oxford
   Presented by: Guiying Wu, University of Oxford
 

Fixed Costs and Long-Lived Investments
[slides]
By Christopher L. House, University of Michigan and NBER.
   Presented by: Christopher House, University of Michigan

Session 68: Labor Market Search and Matching

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Room 151
 

Self-Employment and labor Market Policies
[slides]
By Dr. Alok Kumar, Department of Economics, University of Victoria, Canada Dr. Herb Schuetze, Department of Economics, University of Victoria, Canada
   Presented by: Alok Kumar, University of Victoria
 

Search and Dynamic Household Labor Supply
[slides]
By Jing Liu The University of Texas at Austin
   Presented by: Jing Liu, University of Texas at Austin
 

Implications of General and Specific Productivity Growth in a Matching Model
[slides]
By Junichi Fujimoto, University of Tokyo
   Presented by: Junichi Fujimoto, The University of Tokyo

Session 69: Monetary Policy

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Room 146
 

Monetary Policy, Short Run Dynamics, and Welfare
[slides]
By Jonathan Chiu, Bank of Canada Miguel Molico, Bank of Canada
   Presented by: Jonathan Chiu, Bank of Canada
 

Money and Credit with Limited Commitment
[slides]
By Daniel Sanches, Washington University in St. Louis Stephen Williamson, Washington University in St. Louis
   Presented by: Daniel Sanches, Washington University in St. Louis
 

Liquidity and Information
[slides]
By Benjamin Lester, University of Western Ontario Andrew Postlewaite, University of Pennsylvania Randall Wright, University of Pennsylvania
   Presented by: Ben Lester, University of Western Ontario
 

Inflation and Variety
[slides]
By Mei Dong Department of Economics Simon Fraser University
   Presented by: Mei Dong, Simon Fraser University

Session 70: Dynamic Problems in Public Finance

Date: June 21, 2008
Time: 9:00 - 10:30
Location: Room 153
 

The Quantity and Quality of Teachers: A Dynamic Trade-off
By Gregory Gilpin, Indiana University Michael Kaganovich, Indiana University
   Presented by: Michael Kaganovich, Indiana University
 

Open-loop and feed-back equilibrium of a tax competition model
[slides]
By Fernando Ruiz, Catholic University of Mons, Belgium
   Presented by: Fernando Ruiz, FUCaM
 

Social Security, Differential Fertility, and the Dynamics of the Earnings Distribution
[slides]
By Kai Zhao, Economics Department, University of Western Ontario.
   Presented by: Kai(Jackie) Zhao, University of Western Ontario
 

Estimating a Multiple-Discrete Choice Models of Voluntary Local Public
[slides]
By Holger Sieg, Carnegie Mellon University Jipeng Zhang, University of Pittsburgh
   Presented by: Holger Sieg, Carnegie Mellon University

Session 71: Plenary IV: Dynamic Public Finance

Session Chair: Stephen Spear, Tepper School of Business
Date: June 21, 2008
Time: 11:00 - 12:00
Location: Mellon Auditorium
 

Dynamic Public Finance
[slides]
By Narayana Kocherlakota, University of Minnesota
   Presented by: Narayana Kocherlakota, University of Minnesota
 

Dynamic Public Finance
By Kenneth Judd, Stanford University
   Presented by: Kenneth Judd, Stanford University

Session 72: Plenary III: Economics of Health Care

Session Chair: Martin Gaynor, Carnegie Mellon University
Date: June 21, 2008
Time: 11:00 - 12:00
Location: Room 152
 

Economics of Health Care
By Daniel McFadden, University of California at Berkeley
   Presented by: Daniel McFadden, University of California at Berkeley
 

Economics of Health Care
By Robert Town, University of Minnesota
   Presented by: Robert Town, University of Minnesota

Session 73: Market Structure

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Posner II
 

Platform reputation and optimal transaction fees under moral hazard
[slides]
By Guillaume Roger, USC Luis Vasconcelos, NOVA - Lisbon
   Presented by: Guillaume Roger, The University of Southern California
 

Competitive Franchising
[slides]
By Brett Graham, University of Illinois Daniel Bernhardt, University of Illinois
   Presented by: Brett Graham, University of Illinois
 

The Economics of Two-Sided Payment Card Market: Pricing, Adoption and Usage
[slides]
By James McAndrews, Federal Reserve Bank of New York Zhu Wang, Federal Reserve Bank of Kansas City
   Presented by: Zhu Wang, Federal Reserve Bank of Kansas City

Session 74: International Capital Market Frictions

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Cooper Auditorium
 

Emerging Markets in an Anxious Global Economy
By Ana Fostel, George Washington University John Geanakoplos, Yale University
   Presented by: Ana Fostel, George Washington University
 

Financial Development and International Capital Flows
[slides]
By Juergen von Hagen, University of Bonn, Indiana University and CEPR Haiping Zhang, School of Economics, Singapore Management University
   Presented by: Haiping Zhang, Singapore Management University
 

The High Correlations of Prices and Interest Rates across Nations
[slides]
By Finn Kydland UC Santa Barbara Espen Henriksen U of Oslo Roman Sustek Bank of England
   Presented by: Espen Henriksen, University of Oslo

Session 75: Preferences, Hedonics and Choice

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Grand Room
 

Risk or Loss Aversion? Evidence from Personnel Records
[slides]
By Emil P. Iantchev, Syracuse University
   Presented by: Emil Iantchev, Syracuse University
 

Contract Enforcement, Fairness, and Involuntary Unemployment
By Steffen Altmann, IZA Bonn and University of Bonn Armin Falk, University of Bonn and IZA Bonn David Huffman, Swarthmore College and IZA Bonn
   Presented by: david huffman, IZA
 

A Neuroeconomic Study of Social Observability and Personal Responsibility in Decision Making: An fMRI Experiment
By Jaroslaw Grygolec (University of Minnesota) Giorgio Coricelli (CNRS, Lyon, France) Aldo Rustichini (University of Minnesota)
   Presented by: Jaroslaw Grygolec, University of Minnesota
 

Economic Growth and Happiness: Reassessing the Easterlin Paradox
By Betsey Stevenson, University of Pennsylvania Justin Wolfers, University of Pennsylvania
   Presented by: Betsey Stevenson, University of Pennsylvania

Session 76: Credit and Bankrupcy

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Room 343
 

Insuring College Failure Risk
[slides]
By Satyajit Chatterjee, Federal Reserve Bank of Philadelphia Felicia Ionescu, Colgate University
   Presented by: Felicia Ionescu, Colgate University
 

A Quantitative Theory of Information and Unsecured Credit
[slides]
By Kartik Athreya, Federal Reserve Bank of Richmond Xuan S Tam, University of Virginia Eric R Young, University of Virginia
   Presented by: Kartik Athreya, Federal Reserve Bank of Richmond
 

The Role of Information in Consumer Debt and Bankruptcy
[slides]
By Juan M. Sanchez University of Rochester
   Presented by: Juan Sanchez, University of Rochester
 

Maturity, Indebtedness and Default Risk
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 77: International Trade with Heterogeneous Firms

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Rachel Mellon Walton
 

Estimating the Gravity Model When Zero Trade Flows Are Frequent
By Will Martin, World Bank Cong Pham, World Bank and Deakin Univ, Australia
   Presented by: William Martin, World Bank
 

Quality sorting and trade: Firm-level evidence for French wine
[slides]
By Matthieu Crozet, University of Reims Keith Head, University of British Columbia Thierry Mayer, University of Paris
   Presented by: Keith Head, University of British Columbia
 

Location Decision of Heterogeneous Multinational Firms
[slides]
By Maggie X. Chen, George Washington University Michael O. Moore, George Washington University
   Presented by: Maggie Chen, George Washington University

Session 78: Macro Time Series

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Mellon Auditorium
 

Predicting the Fed's Target Rate Decisions
[slides]
By Heikki Kauppi University of Helsinki
   Presented by: Heikki Kauppi, University of Helsinki
 

Is There Really a Cost Channel? Evidence from US data
[slides]
By Vasco J. Gabriel, Department of Economics, University of Surrey, UK and NIPE-UM. Luis F. Martins, Department of Quantitative Methods and UNIDE, ISCTE, Portugal.
   Presented by: Vasco Gabriel, University of Surrey
 

Cointegrating Regressions with Messy Regressors: Missingness, Mixed Frequency, and Nonclassical Measurement Error
[slides]
By J. Isaac Miller, University of Missouri
   Presented by: J. Isaac Miller, University of Missouri
 

Realized Volatility and Modeling Stock Returns as A Mixture of Normal Random Variables: The GARCH-Skew-t Model
[slides]
By Young Il Kim, Ohio State University
   Presented by: Young Il Kim, Ohio State University

Session 79: Dynamic General Equilibrium Theory I

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Room 145
 

The Dynamics of Efficient Asset Trading with Heterogeneous Beliefs
By Pablo F. Beker, University of Warwick Emilio Espino, Universidad Torcuato Di Tella
   Presented by: Pablo Beker, University of Warwick
 

Optimal Second Best Taxation of Addictive Goods
[slides]
By Luca Bossi University of Miami Pere Gomis-Porqueras University of Miami David L. Kelly University of Miami
   Presented by: Luca Bossi, University of Miami
 

The Sorting Effect of Price Competition
By Jan Eeckhout, University of Pennsylvania Philipp Kircher, University of Pennsylvania
   Presented by: Jan Eeckhout, University of Pennsylvania
 

The Optimal Inflation Target in an Economy with Limited Enforcement
[slides]
By Gaetano Antinolfi, Washington University in Saint Louis Costas Azariadis, Washington University in Saint Louis Jim Bullard, Federal Reserve Bank of Saint Louis
   Presented by: Gaetano Antinolfi, Washington University

Session 80: Random Matching and Search Models

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Room 146
 

Random matching and aggregate uncertainty
[slides]
By Robert Molzon, University of Kentucky Daniela Puzzello, University of Illinois
   Presented by: Daniela Puzzello, University of Illinois at Urbana-Champai
 

A random matching model with reported trading histories
By Tao Zhu, Cornell University Eliot Manner, University of Copenhagen
   Presented by: Tao Zhu, Cornell University
 

Optimal Taxation in a Monetary Search Model with Informal Markets
[slides]
By Pere Gomis-Porqueras Department of Economics University of Miami Adrian Peralta-Alva Department of Economics University of Miami
   Presented by: Pere Gomis-Porqueras, University of Miami
 

A Search-Theoretic Model of the Retail Market for Illegal Drugs
By Manolis Galenianos, Penn State Rosalie Pacula, Rand Nicola Persico, New York University
   Presented by: Manolis Galenianos, Pennsylvania State University

Session 81: Public Finance with Incomplete Information

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Room 153
 

Optimal Provision of a Discrete Public Good: lineqr equilibria in the private-information subscription game
[slides]
By Stefano Barbieri, Tulane University David A. Malueg, University of California Riverside
   Presented by: David Malueg, Tulane University
 

Efficient provision of multiple public goods with interdependent valuations
[slides]
By J.C. Carbajal-Ponce, Department of Economics, Washington University in St. Louis
   Presented by: Juan Carbajal-Ponce, Washington University in St Louis
 

Optimal Taxation of Family Income with non-separable disutility of effort
By Luigi Balletta Yale University
   Presented by: Luigi Balletta, Yale University

Session 82: Wage Studies

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Room 151
 

Employer Learning under Asymmetric Information: The Role of Job Mobility
By Ye Zhang, Indiana University-Purdue University Indianapolis
   Presented by: Ye Zhang, Indiana University-Purdue University Indianapolis
 

A Formal Test of Assortative Matching in the Labor Market
By John M. Abowd (School of Labor and Industrial Relations Cornell University, NBER, CREST-INSEE, IZA) Francis Kramarz, (CREST-INSEE, CEPR, IZA, IFAU) Sebastien Perez-Duarte, (European Central Bank, CREST) Ian M. Schmutte, (Department of Economics, Cornell University)
   Presented by: Ian Schmutte, Cornell University
 

Ability Bias and the Return to Schooling: A cohort Based Calculation
[slides]
By Baris Kaymak Université de Montéal
   Presented by: Baris Kaymak, Universite de Montreal

Session 83: Contracts 2

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Posner I
 

Definable and Contractible Contracts
[slides]
By Michael Peters, University of British Columbia Balazs Szentes, University of Chicago
   Presented by: Michael Peters, University of British Columbia
 

Optimal Contract in a Dynamic Agency Model with History-Dependent Participation Constraints
[slides]
By Stanimir Morfov, State University - Higher School of Economics
   Presented by: Stanimir Morfov, State University - Higher School of Economics
 

Identifying the contract optimality without knowing functions: moral hazard and statistic inference I (parametric identification)
[slides]
By Rongzhu Ke Department of Economics, MIT
   Presented by: Rongzhu Ke, MIT
 

News from the Informed Principal in Private-Value Environments
[slides]
By Tymofiy Mylovanov University of Bonn Thomas Troeger University of Bonn
   Presented by: Tymofiy Mylovanov, University of Bonn

Session 84: Decision Theory II

Date: June 21, 2008
Time: 13:30 - 15:00
Location: Simon Auditorium
 

Vector Expected Utility and Attitudes toward Variation
[slides]
By Marciano Siniscalchi, Northwestern University
   Presented by: Marciano Siniscalchi, Northwestern University
 

Updating Ambiguity Averse Preferences
[slides]
By Eran Hanany, Tel Aviv University Peter Klibanoff, Northwestern University
   Presented by: peter klibanoff,
 

Self-Control and Random Strotz Representations
[slides]
By Eddie Dekel, Northwestern University and Tel Aviv University Barton L. Lipman, Boston University
   Presented by: Bart Lipman, Boston University

Session 85: Bayesian Applications

Session Chair: Jean-Francois Richard, University of Pittsburgh
Date: June 21, 2008
Time: 13:30 - 15:00
Location: Room 152
 

Oil and the Great Moderation
By Anton Nakov, Bank of Spain Andrea Pescatori, Federal Reserve Bank of Cleveland
   Presented by: Andrea Pescatori, Federal Reserve Bank of Cleveland
 

Changes in the Distribution of Income Volatility
[slides]
By Shane T. Jensen, Wharton School Stephen H. Shore, Johns Hopkins
   Presented by: Stephen Shore, Johns Hopkins University
 

A Bayesian Panel Data Approach to Explaining Market Beta Dynamics
[slides]
By Rob Bauer, Maastricht University Mathijs Cosemans, Maastricht University Rik Frehen, Maastricht University Peter Schotman, Maastricht University
   Presented by: Mathijs Cosemans,

Session 86: Decision-Making under Uncertainty: Portfolio Choice, Real Estate Investment, and Journal Submissions

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Room 151
 

Risk Aversion and Portfolio Choice
[slides]
By Alessandro Bucciol, University of Padua Raffaele Miniaci, University of Brescia
   Presented by: Alessandro Bucciol, University of Padua
 

How Well do Individuals Predict the Selling Prices of their Homes?
[slides]
By Hugo Benítez-Silva, SUNY-Stony Brook, IAE-CSIC, and FEDEA Selcuk Eren, Hamilton College Frank Heiland, Florida State University Sergi Jiménez-Martín, Universitat Pompeu Fabra, and FEDEA
   Presented by: Frank Heiland, Florida State University
 

Social Learning and Real Estate Outcomes
By Graton Gathright, UC San Diego Chris Wignall, UC San Diego
   Presented by: Christopher Wignall, UCSD
 

The Inside Scoop: Acceptance and Rejection at the JIE
[slides]
By Ivan Cherkashin, Department of Economics, The Pennsylvania State University. Svetlana Demidova Department of Economics, University of Georgia. Susumu Imai, Department of Economics, Queen's University. Kala Krishna Department of Economics, Pennsylvania State University and NBER.
   Presented by: Ivan Cherkashin, Penn State University

Session 87: Decision Theory III

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Simon Auditorium
 

Temptation and Self-Control as Duals
By John Stovall, University of Rochester
   Presented by: John Stovall, University of Rochester
 

The Value of Useless Information
[slides]
By Larbi Alaoui University of Pennsylvania
   Presented by: Larbi Alaoui, University of Pennsylvania
 

Innovation and acquisition information under time inconsistency and uncertainty
By Sophie Chemarin Ecole Polytechnique Paris Caroline Orset Université Laval
   Presented by: Caroline Orset, Université Laval

Session 88: Labor Market Dynamics

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Room 146
 

Tough Love and Intergenerational Altruism
[slides]
By Vipul Bhatt, Fourth Year PhD Student, Department of Economics, Ohio State University. Masao Ogaki, Professor, Department of Economics, Ohio State University.
   Presented by: Vipul Bhatt, The Ohio State University
 

The Persistence of Differences in Productivity, Wages, Skill Mixes and Profits Between Firms in a Rapidly Changing Environment
[slides]
By Katsuya Takii Osaka School of International Public Policy Osaka Unversity
   Presented by: Katsuya Takii, Osaka University
 

Labor Market Connections, Minimum Wages, and Youth Employment
By Aspen Gorry, University of Chicago
   Presented by: Aspen Gorry, University of Chicago
 

Demand Volatility and the Lag between Growth of Temporary and Permanent Employment
By Yukako Ono, Federal Reserve Bank of Chicago Qinghua Zhang, Beijing University
   Presented by: Qinghua Zhang, Peking University

Session 89: The Roles of Ability, Location and Measurement Error as Determinants of Labor Market Outcomes

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Grand Room
 

The Labor Supply of Married Women: Why Does It Differ Across U.S. Cities?
By Dan Black, University of Chicago and NORC Natalia Kolesnikova, Federal Reserve Bank of St. Louis Lowell Taylor, Carnegie Mellon University
   Presented by: Natalia Kolesnikova, Federal Reserve Bank of St. Louis
 

Ability, Schooling Inputs, and Earnings: Evidence from the NELS
[slides]
By Ozkan Eren, University of Nevada, Las vegas
   Presented by: Ozkan Eren, University of Nevada, Las Vegas
 

Measurement Error in Survey Data: Revisiting the Study of Income and Consumption Dynamics
[slides]
By Nayoung Lee, University of Southern California
   Presented by: Nayoung Lee, University of Southern California
 

Residential Mobility, Heterogeneous Neighborhood effects and Educational Attainment of Blacks and Whites
[slides]
By Li Gan,Texas A&M University and NBER Yingning Wang,Texas A&M University
   Presented by: Yingning Wang, Texas A&M University

Session 90: Frontiers in Mechanism Design

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Room 153
 

Stable Public Goods Mechanisms
[slides]
By Paul J. Healy, Ohio State Laurent Mathevet, Caltech
   Presented by: Paul Healy, The Ohio State University
 

A Computer Testbed for Mechanism Design
[slides]
By Jasmina Arifovic, Simon Fraser University John Ledyard, Caltech
   Presented by: John Ledyard, Caltech
 

Neuro-Mechanism Design for Public Goods
By Ian Krajbich, Caltech Humanities & Social Sciences Colin Camerer, Caltech Humanities & Social Sciences John Ledyard, Caltech Humanities & Social Sciences John O'Doherty, Caltech Computation & Neural Systems Antonio Rangel, Caltech Humanities & Social Sciences
   Presented by: John Ledyard, Caltech
 

Unscheduled Appointments
[slides]
By R. Preston McAfee, Yahoo! Research and California Institute of Technology Alan D. Miller, California Institute of Technology
   Presented by: Alan Miller, California Institute of Technology

Session 91: Optimal Monetary Policy

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Mellon Auditorium
 

Optimal Inflation for the U.S. Economy
[slides]
By Roberto M. Billi (FRB Kansas City)
   Presented by: Roberto Billi, FRB Kansas City
 

Unconditionally Optimal Monetary Policy
[slides]
By Tatiana Damjanovic, University of St.Andrews Vladislav Damjanovic, University of St.Andrews Charls Nolan, University of St.Andrews
   Presented by: Tatiana Damjanovic, University of St. Andrews
 

Individual and Aggregate Money Demands: Theory and an Application to the Welfare Cost of Inflation
[slides]
By Andre C. Silva, Universidade Nova de Lisboa
   Presented by: Andre Silva, Universidade Nova de Lisboa
 

Heterogeneous Price Setting Behavior and Monetary Non-neutrality: Some General Results
By Carlos Carvalho,Federal Reserve Bank of New York Felipe Schwartzman, Princeton University
   Presented by: Carlos Carvalho, FRB of New York

Session 92: Interconnection and Licensing

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Posner II
 

Optimal LIcensing of a Standard
[slides]
By Yann Ménière, Cerna, Ecole des mines de Paris, France. Sarah Parlane, University College Dublin, Ireland.
   Presented by: Sarah Parlane, University College Dublin
 

Interconnecting Differentiated Networks
[slides]
By Alexei Alexandrov, University of Rochester
   Presented by: Alexei Alexandrov, University of Rochester
 

Compatibility in Two-sided Markets
[slides]
By Chun-Hui Miao, University of south carolina
   Presented by: Chun-Hui Miao, University of South Carolina

Session 93: Time Series 2

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Room 152
 

Likelihood-Based Confidence Sets for the Timing of Structural Breaks
By Yunjong Eo, Washington University in St. Louis James C. Morley, Washington University in St. Louis
   Presented by: Yunjong Eo, Washington University in St. Louis
 

Efficient Estimation Using the Characteristic Function
[slides]
By 1. Rachidi KOTCHONI, Université de Montréal, CIREQ, CIRANO 2. Marine Carrasco, Université de Montréal, CIREQ, CIRANO
   Presented by: Rachidi KOTCHONI, Université de Montréal
 

Efficient Minimum Distance Estimation with Multiple Rates of Convergence
[slides]
By Bertille Antoine, Simon Fraser University Eric Renault, UNC at Chapel Hill, CIRANO and CIREQ
   Presented by: Bertille Antoine, Simon Fraser University

Session 94: Issues in PreK-12 Education

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Posner I
 

The Impact of Minimum Quality Standards on Firm Entry, Exit and Product Quality: The Case of the Child Care Market
[slides]
By V. Joseph Hotz, Duke University Mo Xiao, University of Arizona
   Presented by: Mo Xiao, University of Arizona
 

Beyond Incentives: Do Schools use Accountability Rewards Productively?
[slides]
By Marigee Bacolod University of California, Irvine John DiNardo University of Michigan Mireille Jacobson University of California, Irvine
   Presented by: Marigee Bacolod, University of California, Irvine
 

An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan
[slides]
By Maria Marta Ferreyra Carnegie Mellon University
   Presented by: Maria Ferreyra, Carnegie Mellon University

Session 95: Housing, Prices, and Investments

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Room 343
 

Housing Prices and Growth
[slides]
By James Kahn, Federal Reserve Bank of New York and New York University
   Presented by: James Kahn, New York University
 

How Do Local Housing Market Cycles Affect Long-Term Wealth Accumulation?
[slides]
By Joseph Nichols, Board of Governors of the Federal Reserve System
   Presented by: Joseph Nichols, Board of Governors of the Federal Reserv
 

Collateralized Borrowing: Illiquid Assets and Households' Precautionary Savings Motive
By Daniel Cooper (University of Michigan) Serena Ng (Columbia University and University of Michigan)
   Presented by: Daniel Cooper, University of Michigan

Session 96: International Debt and Default

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Cooper Auditorium
 

Default and the Maturity Structure in Sovereign Bonds
By Cristina Arellano, University of Minnesota Ananth Ramanarayanan, Federal Reserve Bank of Dallas
   Presented by: Ananth Ramanarayanan, Federal Reserve Bank of Dallas
 

Government Reputation and Debt Repayment in Emerging Economies
By Pablo D'Erasmo, University of Texas at Austin
   Presented by: Pablo D'Erasmo, University of Texas at Austin
 

A Solution to the Default Risk-Business Cycle Disconnect
By Enrique Mendoza,University of Maryland Vivian Z. Yue, New York University
   Presented by: Vivian Zhanwei YUE, New York University

Session 97: Trade and Political Economy

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Rachel Mellon Walton
 

Together or Alone in Lobbying for Trade Policy
[slides]
By Matilde Bombardini (The University of British Columbia, CIFAR, RCEA) Francesco Trebbi (University of Chicago GSB, NBER)
   Presented by: Matilde Bombardini, The University of British Columbia
 

A Quantile Based Test of Protection for Sale Model
By Susumu Imai: Queen's University Hajime Katayama: University of Sydney Kala Krishna: Pennsylvania State University and NBER
   Presented by: Susumu Imai, Queens University
 

Corruption and Bilateral Trade Flows: Extortion or Evasion?
[slides]
By Pushan Dutt INSEAD Daniel Traca Université Libre de Bruxelles
   Presented by: Pushan Dutt, INSEAD
 

Testing the Conflicting Political Economy Theories of Trade Polices: The Cases of Full-fledged vs. Partial-scope RTAs
By Xuepeng Liu, Kennesaw State University
   Presented by: Xuepeng Liu, Kennesaw State University

Session 98: Dynamic General Equilibrium Theory II

Date: June 21, 2008
Time: 15:30 - 17:00
Location: Room 145
 

The Behavior of the Saving Rate in the Neoclassical Optimal Growth Model
By Anastasia Litina, University of Macedonia Theodore Palivos, University of Macedonia
   Presented by: Anastasia Litina, University of Macedonia
 

Politically Optimal Fiscal Policy
By Michael Kumhof, International Monetary Fund Irina Yakadina, International Monetary Fund
   Presented by: Irina Yakadina, IMF
 

Cake Eating, Exhaustible Resource Extraction, Life-cycle Saving, and Non-atomic Games: Existence Theorems for a Class of Optimal Allocation Problems
[slides]
By Siu Fai Leung Hong Kong University of Science and Technology
   Presented by: Siu Fai Leung, Hong Kong University of Science and Technology

Session 99: Presidential Address

Session Chair: Bennett McCallum, Carnegie Mellon University
Date: June 21, 2008
Time: 17:15 - 18:15
Location: McConomy Auditorium
 

State Capacity, Conflict, and Development
By Torsten Persson, Stockholm University
   Presented by: Torsten Persson, Stockholm University

Session 100: Investment, Technology and the Demand for Factor Inputs

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Room 343
 

The non-linear link between electricity consumption and temperature in Europe: a threshold panel approach
[slides]
By Marie Bessec, CGEMP, Université Paris Dauphine, France Julien Fouquau LEO, Université d'Orléans.
   Presented by: Julien Fouquau, Laboratoire d'Economie d'Orléans
 

Estimating and Testing Idiosyncratic Equations Using Cross-Section Dependent Panel Data: Application to the Feldstein-Horioka Puzzle
[slides]
By Ryan Greenaway-McGrevy, Bureau of Economic Analysis Donggyu Sul, The University of Auckland Chirok Han, The University of Auckland
   Presented by: Ryan Greenaway-McGrevy, Bureau of Economic Analysis
 

Financial Innovation and the Persistence of the Extensive Margin
By Kim P. Huynh, Indiana University
   Presented by: Kim Huynh, Indiana University
 

Estimating Production Functions with Heterogeneous Firms
[slides]
By Amit Gandhi (University of Wisconsin-Madison) Salvador Navarro (University of Wisconsin-Madison) David Rivers (University of Wisconsin-Madison)
   Presented by: Salvador Navarro, University of Wisconsin-Madison

Session 101: Health, Saving and Insurance Decision Making

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Cooper Auditorium
 

Mind the Gap! Consumer Perceptions and Choices of Medicare
By Daniel McFadden, University of California, Berkeley Florian Heiss, University of Munich Joachim Winter, University of Munich
   Presented by: Daniel McFadden, University of California at Berkeley
 

Are Households' Choices Consistent? Evidence from Insurance Data
By Levon Barseghyan (Cornell University) Jeffrey Prince (Cornell University) Joshua Teitelbaum (Cornell University)
   Presented by: Jeffrey Prince, Cornell University
 

Non-Stackelberg outcomes in Stackelberg duopoly experiments: A parsimonious model and maximum likelihood estimation
[slides]
By Sau-Him Paul Lau (University of Hong Kong) Felix Leung (Hong Kong Institute of Economics and Business Strategy)
   Presented by: Sau-Him Lau, University of Hong Kong

Session 102: Empirical Public Economics

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Posner I
 

The Effect of Charter Schools on Achievement and Behavior of Non-Charter Students
[slides]
By Scott A. Imberman University of Houston
   Presented by: Scott Imberman, University of Houston
 

Reporting Bias in Studies of the Food Stamp Program
By Bruce D. Meyer, University of Chicago and NBER James X. Sullivan, University of Notre Dame
   Presented by: James Sullivan, University of Notre Dame
 

The Effect of Language at School on Identity and Political Outlooks
[slides]
By Oriol Aspachs, LSE and FMG Irma Clots-Figueras, Universidad Carlos III de Madrid Paolo Masella, EUI
   Presented by: Paolo Masella, European University Institute
 

Does Unaffordable Housing Affect Employment Growth and Firm Formation? Evidence from California Cities
By Ritashree Chakrabarti, Department of Economics, Clark University Junfu Zhang, Department of Economics, Clark University
   Presented by: Junfu Zhang, Clark University

Session 103: Time Series 3

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Room 151
 

Modeling Expectations with Noncausal Autoregressions
[slides]
By Markku Lanne, University of Helsinki Pentti Saikkonen, University of Helsinki
   Presented by: Markku Lanne, University of Helsinki
 

Bootstrapping stationary invertible VARMA models in echelon form: A simulation evidence
[slides]
By Tarek Jouini, Department of Economics, University of Windsor, ON Canada
   Presented by: Tarek Jouini, University of Windsor
 

Median-Unbiased Estimation of Higher Order Autoregressive /Unit Root Processes and Autocorrelation-Consistent Covariance Estimation in a Money Demand Model
[slides]
By J. Huston McCulloch, Ohio State University
   Presented by: J. Huston McCulloch, Ohio State University

Session 104: Macroeconomics

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Posner II
 

Technology Shocks, Employment, and Labor Market Frictions
By Federico S. Mandelman, Federal Reserve Bank of Atlanta Francesco Zanetti, Bank of England
   Presented by: Federico Mandelman, Federal Reserve Bank of Atlanta
 

A Flexible Finite Horizon Identification of Technology Shocks
By Michael T. Owyang, Federal Reserve Bank of St. Louis Neville Francis, University of North Carolina Jennifer Roush, Federal Reserve Board of Governors
   Presented by: Michael Owyang, Federal Reserve Bank of St Louis
 

Understanding "Instability" in Aggregate Money Demand: An Approach based on a Life-Cycle Model of Household Portfolio Choice
By Drew Saunders, Purdue University
   Presented by: Drew Saunders, Krannert School of Mgmt, Purdue Univ.
 

Resurrecting the Role of Real Money Balance Effects
[slides]
By Jose Dorich Universitat Pompeu Fabra
   Presented by: José Dorich, Universitat Pompeu Fabra

Session 105: Game Theory and Market Dynamics

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Simon Auditorium
 

Higher Order Beliefs in Dynamic Environments
[slides]
By Antonio Penta, University of Pennsylvania
   Presented by: Antonio Penta, University of Pennsylvania
 

Knowing What You Can Implement Matters: A Life-cycle Theory of R&D and Markets for Knowledge
[slides]
By Kyriakos Frantzeskakis, University of Wisconsin at Madison Masako Ueda, University of Wisconsin at Madison
   Presented by: Masako Ueda, University of Wisconsin at Madison
 

Heterogeneity in Social Networks and the Classical Theory of Public Goods
[slides]
By Dennis O'Dea, University of Illinois
   Presented by: Dennis O'Dea, University of Illinois
 

Research Cycles
[slides]
By Yann Bramoulle, Laval University Gilles Saint-Paul, University of Toulouse
   Presented by: Yann Bramoullé, Laval

Session 106: Trade Liberalization, Inequality and Welfare

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Room 145
 

Trade, Offshoring and Invisible Handshake
By Dr. Bilgehan Karabay, The Central Bank of the Republic of Turkey Prof. John McLaren, University of Virginia
   Presented by: Bilgehan Karabay, Central Bank of Turkey
 

Job Turnover and International Trade: A General Equilibrium Analysis
[slides]
By George Alessandria (Federal Reserve Bank of Philadelphia) Horag Choi (University of Auckland) Alain Delacroix (UQAM) Nicolas Petrosky-Nadeau (UQAM)
   Presented by: Alain Delacroix, public
 

Globalization: Intensive versus Extensive Margin
[slides]
By Alexander Tarasov The Pennsylvania State University
   Presented by: Alexander Tarasov, The Pennsylvania State University
 

Financial Openness: Foreign Loans vs. FDI
By Beatriz de Blas Perez, Universidad Autonoma de Madrid Katheryn Russ, UC Davis and NBER
   Presented by: Katheryn Russ, University of California, Davis

Session 107: Contracting

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Room 152
 

Before Death Do Us Part: On Efficient Contract Breakup and Partial Property Rights
By Bernhard Ganglmair, University of Zurich and IZA
   Presented by: Bernhard Ganglmair, University of Zurich
 

Standard Breach Remedies, Quality Thresholds, and Cooperative Investments.
By Alexander Stremitzer University of Bonn
   Presented by: Alexander Stremitzer, University of Bonn
 

When the Highest Bidder Loses the Auction: Theory and Evidence from Public Procurement
By Francesco Decarolis Department of Economics The Univeristy of Chicago
   Presented by: Francesco Decarolis, The University of Chicago

Session 108: Monetary Economics: Model Specification-2

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Mellon Auditorium
 

The Sources of Fluctuations in Residential Investment: A View from a Policy-Oriented DSGE Model of the U.S. Economic
[slides]
By Rochelle M. Edge, Federal Reserve Board Michael T. Kiley, Federal Reserve Board Jean-Philippe Laforte, Federal Reserve Board
   Presented by: Michael Kiley, Federal Reserve Board
 

Monetary Policy and Inventory Investment
[slides]
By Louis J. Maccini, Johns Hopkins University Bartholomew Moore,Fordham University,(submitting) Huntley Schaller, Carleton University
   Presented by: Bartholomew Moore, Fordham University
 

Business Cycle Accounting for Monetary Economies
[slides]
By Roman Sustek, Bank of England
   Presented by: Roman Sustek, Bank of England
 

Interest rate effects of demographic change in a new-Keynesian life-cycle framework
[slides]
By Engin Kara, National Bank of Belgium Leopold von Thadden, European Central Bank
   Presented by: Leopold von Thadden, European Central Bank

Session 109: Risk and Credit

Date: June 22, 2008
Time: 9:00 - 10:30
Location: Room 153
 

A model of credit risk without commitment
By Juan Carlos Hatchondo, Federal Reserve Bank of Richmond Leonardo Martinez, Federal Reserve Bank of Richmond
   Presented by: Leonardo Martinez, Federal Reserve Bank of Richmond
 

Equity Financing
By Alexis Anagnostopoulos, SUNY Stony Brook Eva Carceles-Poveda, SUNY Stony Brook and IAE Albert Marcet, IAE
   Presented by: Alexis Anagnostopoulos, Stony Brook University
 

The Case for Intensive Skill-Biased Technological Change
[slides]
By Stuart J Fowler, MTSU Jennifer J Wilgus, Belmont
   Presented by: Stuart Fowler, Middle Tennessee State Univ
 

Asset Trading and Valuation with Uncertain Exposure
[slides]
By Juan Carlos Hatchondo, Richmond Fed. Per Krusell, Princeton University. Martin Schneider, NYU and Minneapolis Fed.
   Presented by: Juan Hatchondo, Federal Reserve Bank of Richmond

Session 110: Time Series 4

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Room 151
 

Investigating Inflation Persistence in the ACF Domain
By Giovanni Caggiano, Efrem Castelnuovo University of Padua, University of Padua
   Presented by: Giovanni Caggiano, University of Padua
 

Long-term vs. short-term comovements in stock markets: the use of Markov-switching multifractal models
[slides]
By Julien Idier Université Paris1 Banque de France
   Presented by: Julien Idier, Banque de France & Université Paris 1
 

Information in the Revision Process of Real-Time Datasets
By Norman Swanson - Rutgers University Valentina Corradi - Warwick University Andres Fernandez - Rutgers University
   Presented by: Norman Swanson, Rutgers University

Session 111: New Directions in Mechanism Design

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Cooper Auditorium
 

Buyer heterogeneity and competing mechanisms
By Gabor Virag, University of Rochester, Economics Dept.
   Presented by: Gabor Virag, University of Rochester
 

Publicly Achieving Privacy and Trust In Mediated Normal-Form Mechanisms
By Sergei Izmalkov, MIT, Economics Matt Lepinski, BBN Technologies Silvio Micali, MIT, CSAIL
   Presented by: Sergei Izmalkov, MIT
 

Cardinal Bayesian Allocation Mechanisms without Transfers
[slides]
By Antonio Miralles, Boston University
   Presented by: Antonio Miralles, Boston University

Session 112: Empirical International Trade

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Room 145
 

Differentiated Products and Evasion of Import Tariffs
[slides]
By Beata S. Javorcik University of Oxford Gaia Narciso Trinity College Dublin
   Presented by: Gaia Narciso, Trinity College Dublin
 

Plant Scale and Exchange-Rate-Induced Productivity Growth
[slides]
By Loretta Fung, University of Alberta Jen Baggs, University of Victoria Eugene Beaulieu, University of Calgary
   Presented by: Loretta Fung, University of Alberta
 

Services FDI and Manufacturing Productivity Growth: There is a Link
[slides]
By Ana Margarida Fernandes, The World Bank Caroline Paunov, Queen Mary, University of London
   Presented by: Ana Fernandes, World Bank
 

Cyclical Dumping and US Antidumping Protection: 1980-2001
[slides]
By Meredith Crowley, Federal Reserve Bank of Chicago
   Presented by: Meredith Crowley, Federal Reserve Bank of Chicago

Session 113: Household Risk and Consumption

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Room 153
 

Life-Cycle Earnings and Productivity Risk: A Cross-Country Comparison
By Christian Bayer, IGIER, Università Commerciale L. Bocconi Falko Juessen, Technische Universität Dortmund and IZA
   Presented by: Falko Juessen, Technische Universität Dortmund and IZA
 

The Shifting Shape of Risk: Endogenous Market Failure for Insurance
[slides]
By Thomas G. Koch, University of California, Santa Barbara
   Presented by: Thomas Koch, University of California, Santa Barbara
 

Lifecycle Dynamics of Income Uncertainty and Consumption
By Jim Feigenbaum, Economics Department, University of Pittsburgh Geng Li, Federal Reserve Board
   Presented by: Geng Li, The Federal Reserve Board

Session 114: Social Networks

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Simon Auditorium
 

A Structural Model of Social Network Formation (Residential Segregation and Interracial Friendship in Schools)
By Angelo Mele University of Illinois at Urbana-Champaign
   Presented by: Angelo Mele, Univ of Illinois at Urbana-Champaign
 

Team Incentives for Managing Competition and Exploiting Strategic Interactions Between Agents
[slides]
By Jaesoo Kim Michigan State University
   Presented by: Jaesoo Kim, Michigan State University
 

Reputation transmission in social networks
By Graton Gathright, UC San Diego Joel Watson, UC San Diego
   Presented by: Graton Gathright, University of California--San Diego

Session 115: Estimating Dynamic Models with Panel Data

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Room 343
 

Interdependent Durations
By Aureo de Paula (University of Pennsylvania) Bo Honore (Princeton University)
   Presented by: Aureo De Paula, University of Pennsylvania
 

Inference with Dependent Data Using Cluster Covariance Estimators
By C. Alan Bester (Chicago GSB) Timothy G. Conley (Chicago GSB) Christian Hansen (Chicago GSB)
   Presented by: Alan Bester, Chicago GSB
 

Efficient Estimation of Non-Linear Dynamic Panel Data Models with Application to Smooth Transition Models
By Tue Gørgens, Economics Program, RSSS, The Australian National University Christopher L Skeels, Department of Economics, The University of Melbourne Allan H Würtz, School of Economics and Management, University of Aarhus
   Presented by: Christopher Skeels, The University of Melbourne
 

Quantile Regression for Dynamic Panel Data
[slides]
By Antonio F. Galvao University of Illinois at Urbana-Champaign
   Presented by: Antonio Galvao, Univ. of Illinois at Urbana-Champaign

Session 116: Female Labor Supply and Fertility

Date: June 22, 2008
Time: 11:00 - 12:30
Location: Posner II
 

The Effect of Household Appliances on Female Labor Force Participation: Evidence from Micro Data
By Daniele Coen-Pirani (Carnegie Mellon University) Alexis Leon (University of Pittsburgh) Steven Lugauer (Carnegie Mellon University)
   Presented by: Daniele Coen-Pirani, Carnegie Mellon University
 

A Good Job or A Rich Spouse? An Analysis of the Labor and Marriage Markets in the US, 1960-2000
[slides]
By Stefania Marcassa University of Minnesota and Federal Reserve Bank of Minneapolis
   Presented by: Stefania Marcassa, University of Minnesota and Minneapolis FED
 

Fertility choice in a lifecycle model with idiosyncratic uninsurable earnings risk
[slides]
By Kamila Vetechova, Georgetown University
   Presented by: Kamila Vetechova, Georgetown University
 

The Evolution of Population, Technology and Output
[slides]
By Galindev Ragchaasuren Queens University Belfast
   Presented by: Galindev Ragchaasuren, Queens University Belfast

This program was last updated on 2008-10-15 10:33:8 EDT