124 sessions, 455 papers

2009 North American Summer Meeting of the Econometric Society
Complete List of All Sessions

Session 1: Political Economy
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 314
Revealed Political Power
By Roger Lagunoff, Georgetown University Jinhui Bai, Georgetown University
Presented by: Roger Lagunoff, Georgetown University
Resistance to Outside Investment: A Rational Model of Surplus Destruction
[slides]
By Sourav Bhattacharya (University of Pittsburgh) Tapas Kundu (University of Oslo)
Presented by: Sourav Bhattacharya, University of Pittsburgh
A Political Economy Theory of Partial Decentralization
[slides]
By John William Hatfield, Graduate School of Business, Stanford University Gerard Padró i Miquel, London School of Economics
Presented by: John Hatfield, Stanford University
Political Selection and Persistence of Bad Governments
[slides]
By Daron Acemoglu, MIT Georgy Egorov, Harvard Konstantin Sonin, New Economic School
Presented by: Konstantin Sonin, New Economic School

Session 2: Labor Markets in Macro
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 4, 2009
Time: 13:30 - 15:00
Location: B06B
Firm Entry and Labor Market Dynamics
By Enchuan Shao, Bank of Canada Pedro Silos, Federal Reserve Bank of Atlanta
Presented by: Enchuan Shao, Bank of Canada
Technology Shocks, Employment and Labor Market Frictions
By Federico Mandelman, Federal Reserve Bank of Atlanta Francesco Zanetti, Bank of England
Presented by: Francesco Zanetti, Bank of England
Worker Flows and Job Flows: A Quantitative Investigation
By Shigeru Fujita (Federal Reserve Bank of Philadelphia) Makoto Nakajima (Federal Reserve Bank of Philadelphia)
Presented by: Shigeru Fujita, Federal Reserve Bank of Philadelphia
Inflation dynamics with labour market matching: assessing alternative speci fications
By Kai Christoffel, European Central Bank James Costain, Bank of Spain Gregory de Walque, National Bank of Belgium Keith Kuester, Federal Reserve Bank of Philadelphia Tobias Linzert, European Central Bank Stephen Millard, Bank of England Olivier Pierrard, Bank of Luxembourg
Presented by: Keith Kuester, Federal Reserve Bank of Philadelphia

Session 3: Marriage and Divorce
Session Organizer: Claudia Olivetti, Boston University
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 326
Preferences and Choice Constraints in Marital Sorting: Evidence from Korea
By Soohyung Lee University of Maryland, College Park
Presented by: Soohyung Lee, University of Maryland, College Park
Marriage and Cohabitation
By Ahu Gemici, New York University Steve Laufer, New York University
Presented by: Steven Laufer, New York University
A Bad Peace or a Good War: A Structural Estimation Model of Spousal Conflict and Divorce
[slides]
By Oleksandr Zhylyevskyy, Iowa State University
Presented by: Oleksandr Zhylyevskyy, Iowa State University
Divorce Laws and Divorce Rate in the U.S.
By Stefania Marcassa University of Minnesota
Presented by: Stefania Marcassa, University of Minnesota and Minneapolis FED

Session 4: Sovereign Debt
Session Organizer: Charles Engel, University of Wisconsin
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 116
Sovereign default and negotiation: recovery rates, interest rate spreads and credit history
[slides]
By Tamon Asonuma, Boston University
Presented by: Tamon Asonuma, Boston University
Sovereign Debt Maturity without Commitment
[slides]
By Dirk Niepelt, Gerzensee/Bern/Stockholm U
Presented by: Dirk Niepelt, Study Center Gerzensee
Long-duration Bonds and Sovereign Defaults
[slides]
By Juan Carlos Hatchondo, Federal Reserve Bank of Richmond Leonardo Martinez, Federal Reserve Bank of Richmond
Presented by: Juan Hatchondo, Federal Reserve Bank of Richmond
Indexed Sovereign Debt: An Applied Framework
By Guido Sandleris, Universidad Torcuato Di Tella and Johns Hopkins University (SAIS) Horacio Sapriza, Rutgers University and Board of Governors FRS, Filippo Taddei, Collegio Carlo Alberto
Presented by: Horacio Sapriza, Rutgers University

Session 5: Optimal Dynamic Contracts
Session Organizer: Balazs Szentes, UCL
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 312
A Theory of Player Turnover in Repeated Games
By Yuk-fai Fong, Northwestern University Jin Li, Northwestern University
Presented by: Yuk-Fai Fong, Northwestern University
New product launch: herd seeking or herd preventing?
By Ting Liu Michigan State University Pasquale Schiraldi LSE
Presented by: Ting Liu, Michigan State University
Borrowing Constraint as an Optimal Contract
By Borys Grochulski Federal Reserve Bank of Richmond Yuzhe Zhang University of Iowa
Presented by: Borys Grochulski, Federal Reserve Bank of Richmond
Relational Contract, Limited Liability, and Wage Dynamics
By Yuk-fai Fong Northwestern University
Presented by: Yuk-Fai Fong, Northwestern University

Session 6: Econometrics of Portfolio Choice
Session Organizer: Francis Diebold, University of Pennsylvania
Date: June 4, 2009
Time: 13:30 - 15:00
Location: B14
Estimating heterogeneous costs of participation in risky asset markets
[slides]
By Graciela Sanroman
Presented by: Graciela Sanroman, UDELAR
Implied Volatility and Skewness
By Bruno Feunou, Duke University Jean-Sébastien Fontaine, Bank of Canada Roméo Tedongap, Stockholm School of Economics
Presented by: Jean-Sébastien Fontaine, Bank of Canada
Affine Stochastic Skewness
By Bruno Feunou, Duke University Romeo Tedongap, Stockholm School of Economics
Presented by: Roméo Tédongap, Stockholm School of Economics

Session 7: Structural and Panel Data Models
Session Organizer: Adonis Yatchew, UNIVERSITY OF TORONTO
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 316
Structural Estimation and Counterfactual Experiments in Games when the Data Come from Multiple Equilibria
[slides]
By Victor Aguirregabiria (University of Toronto) Pedro Mira CEMFI, Madrid)
Presented by: Victor Aguirregabiria, University of Toronto
Matching with Trade-offs: Revealed preferences over competing characteristics
By Alfred Galichon (Ecole polytechnique) Bernard Salanie (Columbia University)
Presented by: Alfred Galichon, Ecole polytechnique
Dynamic Panel Probit with Flexible Correlated Effects
[slides]
By Martin Burda, University of Toronto Matthew Harding, Stanford University
Presented by: Martin Burda, University of Toronto
Identification and Estimation of Marginal Effects in Nonlinear Panel Models
[slides]
By Victor Chernozhukov (MIT), Ivan Fernandez-Val (BU), Jinyong Hahn (UCLA), Whitney Newey (MIT)
Presented by: Ivan Fernandez-Val, Boston University

Session 8: Monetary Policy and Inflation
Session Organizer: Lucrezia Reichlin, London Business School
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 220
Long Run Evidence on Money Growth and Inflation∗
By Luca Benati European Central Bank†
Presented by: Luca Benati, ECB
Provision of Liquidity through the Primary Credit Facility during the Financial Crisis: A Structural Analysis
[slides]
By Erhan Artuc (Koc University) Selva Demiralp (Koc University)
Presented by: Erhan Artuc, Koc University, Istanbul
Inflation Dynamics and the New Keynesian Phillips Curve: Evidence from an Estimated DSGE Model
By Andreas Hornstein, Federal Reserve Bank of Richmond, Thomas Lubik, Federal Reserve Bank of Richmond, Alexander Wolman, Federal Reserve Bank of Richmond
Presented by: Thomas Lubik, Federal Reserve Bank of Richmond

Session 9: Empirical Industrial Organization
Session Organizer: Marc Rysman, Boston University
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 222
The Economics of 'Radiator Springs': Industry Dynamics, Sunk Costs, and Spatial Demand Shifts
[slides]
By Jeffrey R. Campbell Thomas N. Hubbard
Presented by: Thomas Hubbard, Northwestern University (KSM)
International Patent Harmonization and Trade Balance of Patent Rights
By Yi Deng, Department of Economics, University of South Florida
Presented by: Yi Deng, Southern Methodist University
Testing Cost Inefficiency under Free Entry in the Real Estate Brokerage Industry
By Seung-Hyun Hong, University of Illinois Lu Han, University of Toronto
Presented by: Seung-Hyun Hong, University of Illinois, Urbana-Champaign
Competitive Pressure and Innovation Complementarity
[slides]
By Tobias Kretschmer, University of Munich Eugenio J. Miravete, University of Texas-Austin Jose C. Pernias, University Jaume I - Castellon
Presented by: Eugenio Miravete, University of Texas at Austin

Session 10: Asset Markets
Session Organizer: Christine Parlour, UC Berkeley
Date: June 4, 2009
Time: 13:30 - 15:00
Location: B25B
Information Aggregation in Uniform Price Double Auctions
By Eiichiro Kazumori Univeristy of Tokyo
Presented by: Eiichiro Kazumori, University of Tokyo
Asset and Derivative Pricing with Incomplete Markets
By Francois Le Grand, EMLyon Business School Xavier Ragot, Banque de France
Presented by: Francois Le Grand, EMLyon Business School
Strategic Relationships in Over-the-Counter Markets
By Ana Babus, University of Cambridge
Presented by: Ana Babus, University of Cambridge
Quote Competition in Limit Order Markets
By Wataru Ohta, Osaka University
Presented by: Wataru Ohta, Osaka University

Session 11: Instrumental Variables and GMM
Session Organizer: Jean-Marie Dufour, McGill University
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 237
Identifying Structural Effects in Nonseparable Systems Using Covariates
By Halbert White, University of California, San Diego Karim Chalak, Boston College
Presented by: Karim Chalak, Boston College
Robust Estimation of Moment Condition Models with Weakly Dependent Data
By Kirill Evdokimov, Yale University Yuichi Kitamura, Yale University Taisuke Otsu, Yale University
Presented by: Taisuke Otsu, Yale University
Matrix rank estimation and reduced rank matrix estimators through GMM and GEL
[slides]
By Stephen G. Donald University of Texas, Austin Natércia Fortuna University of Porto
Presented by: Stephen Donald, University of Texas at Austin
The Empirical Saddlepoint Likelihood Estimator Applied to Two-Step GMM
[slides]
By Fallaw Sowell; Tepper School of Business Carnegie Mellon University
Presented by: Fallaw Sowell, Carnegie Mellon University

Session 12: Growth and Development
Session Organizer: Kaivan Munshi, Brown University
Date: June 4, 2009
Time: 13:30 - 15:00
Location: B12
Why is Mobility in India so Low? Social Insurance, Inequality, and Growth
[slides]
By Kaivan Munshi Brown University Mark Rosenzweig Yale University
Presented by: Kaivan Munshi, Brown University
Notes for Credit, Growth, and Trade Policy
By Abhijit V. Banerjee, MIT Andrew F. Newman, BU; IES, Princeton; UCL; and CEPR
Presented by: Abhijit Banerjee, Massachusetts Institute of Technology
At your own risk: health warnings for growth data
By Simon Johnson, MIT William Larson, George Washington Univ Chris Papageorgieu, IMF Arvind Subramanian, Peterson Institute
Presented by: Simon Johnson, MIT

Session 13: Product Quality
Session Organizer: Glenn Ellison, MIT
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 225
Costly Search and Design
[slides]
By Heski Bar-Isaac (NYU) Guillermo Caruana (CEMFI) Vicente Cuñat (LSE)
Presented by: Heski Bar-Isaac, NYU
Coarse Grades
[slides]
By Rick Harbaugh, Indiana University Eric Rasmusen, Indiana University
Presented by: Rick Harbaugh, Indiana University
Loyalty inducing programs and competition with homogeneous goods
[slides]
By Ronald Fischer, Universidad de Chile Nicolas Figueroa, Universidad de Chile Sebastian Infante, Stanford University GSB
Presented by: Nicolas Figueroa, Universidad de Chile
Signaling quality through prices in an oligopoly
By Maarten Janssen, University of Vienna, Austria. Santanu Roy, Southern Methodist University, Dallas.
Presented by: Santanu Roy, Southern Methodist University

Session 14: Bargaining and Reputation
Session Organizer: Muhamet Yildiz, MIT
Date: June 4, 2009
Time: 13:30 - 15:00
Location: 204B
A Reputation-Based Theory of Spatially-Separated Duopoly Competition and Bargaining
By Selcuk Ozyurt (New York University)
Presented by: Selcuk Ozyurt, New York University
Reputation and Repeated Bargaining with a Third Party
[slides]
By Jihong Lee (Birkbeck College, University of London) Qingmin Liu (University of Pennsylvania)
Presented by: Qingmin Liu, University of Pennsylvania
Multiple Opponents and the Limits of Reputation
By Sambuddha Ghosh (Boston University)
Presented by: Sambuddha Ghosh,
Multi-player Bargaining with Endogenous Capacity
By Gabriele Camera - University of Iowa Cemil Selcuk - DePaul University
Presented by: Cemil Selcuk, DePaul University

Session 15: Empirical Analyses of Long-Run Growth
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 5, 2009
Time: 8:30 - 10:00
Location: B06B
The Colonial and Geographic Origins of Comparative Development
By Raphael Auer Swiss National Bank
Presented by: Raphael Auer, Swiss National Bank
Legislative Malapportionment and Economic Outcomes: A First Assessment
[slides]
By Miriam Buhn, The World Bank Francisco Gallego, Pontificia Universidad Catolica de Chile Massimiliano Onorato, Bocconi University
Presented by: Francisco Gallego, Pontificia Universidad Catolica de Chile
Institutions and Growth: Evidence from Estimation Methods Robust to Weak Instruments
[slides]
By Alexandre Dmitriev, University of New South Wales
Presented by: Alexandre Dmitriev, University of New South Wales
Political Institutions and Human Development - Does Democracy Fulfill its ‘Constructive’ and ‘Instrumental’ Role?
By Sebastian Vollmer, Leibniz Universität Hannover Maria Ziegler, University of Göttingen
Presented by: Sebastian Vollmer, Georg-August-University Göttingen

Session 16: Learning
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 316
Information Percolation with Equilibrium Search Dynamics
[slides]
By Darrell Duffie, Graduate School of Business, Stanford University; a member of NBER. Semyon Malamud, ETH Zurich and Swiss Finance Institute Gustavo Manso, Sloan School of Business, MIT
Presented by: Semyon Malamud, Ecole Polytechnique Federale de Lausanne and Swiss Finance Institute
How Homophily Affects Learning and Diffusion in Networks
By Benjamin Golub, Graduate School of Business, Stanford University Matthew O. Jackson, Department of Economics, Stanford University and external faculty of the Santa Fe Institute
Presented by: Benjamin Golub, Caltech
Strategic Experimentation with Poisson Bandits
[slides]
By Godfrey Keller, University of Oxford Sven Rady, University of Munich
Presented by: Sven Rady, University of Munich
Aggregate uncertainty and learning
[slides]
By Stephan Lauermann (UMich) Wolfram Merzyn (Bonn) Gabor Virag (Rochester)
Presented by: Gabor Virag, University of Rochester

Session 17: Information in Macro Models
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 326
A Likelihood Analysis of Models with Information Frictions
By Leonardo Melosi - University of Pennsylvania
Presented by: Leonardo Melosi, University of Pennsylvania
Dynamic Asset Allocation with Ambiguous Return Predictability
[slides]
By Hui Chen, MIT Nengjiu Ju, Hong Kong University of Science and Technology Jianjun Miao, Boston University
Presented by: Hui Chen, MIT
Incomplete Information in Dynamic Economies
By Giacomo Rondina UCSD Todd B. Walker Indiana University
Presented by: Todd Walker, Indiana University
Bond premia and monetary policy over 40 years
[slides]
By Peter Hoerdahl, Bank for International Settlements Oreste Tristani, European Central Bank
Presented by: Peter Hoerdahl, Bank for International Settlements

Session 18: International Goods Pricing and PPP
Session Organizer: Charles Engel, University of Wisconsin
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 221
Analysing aggregate real exchange rate persistence through the lens of sectoral data
By Laura Mayoral, Institute for Economic Analysis, (CSIC) Lola Gadea, Dept. of Applied Economics, University of Zaragoza
Presented by: Lola Gadea, University of Zaragoza
Understanding Law of One Price Deviations: Local Distribution Services and Price Discrimination
By Chikako Baba University of Wisconsin-Madison
Presented by: Chikako Baba, University of Wisconsin - Madison
International Investment Positions and Exchange Rate Dynamics: A Dynamic Panel Analysis
[slides]
By Michael Binder, Goethe University Frankfurt Christian Offermanns, Goethe University Frankfurt
Presented by: Michael Binder,

Session 19: Extensions of Hyperbolic Discounting
Session Organizer: Edward O'Donoghue, Cornell University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: B14
Commitment to self-rewards
[slides]
By Alexander Koch, Aarhus University Julia Nafziger, Aarhus University
Presented by: Julia Nafziger, Aarhus University
Competitive Markets without Commitment
[slides]
By Nick Netzer, University of Zurich Florian Scheuer, MIT
Presented by: Florian Scheuer, MIT
Strategic Implications of Competing For Consumers with Time Inconsistent Preferences
[slides]
By Alexei Alexandrov (University of Rochester)
Presented by: Alexei Alexandrov, University of Rochester
A Theory of Government Procrastination
By Edwin Lai, Federal Reserve Bank of Dallas Taiji Furusawa, Hitotsubashi University
Presented by: Edwin Lai, Federal Reserve Bank of Dallas

Session 20: Econometrics of Asset Pricing
Session Organizer: Francis Diebold, University of Pennsylvania
Date: June 5, 2009
Time: 8:30 - 10:00
Location: B12
Measuring causality between volatility and returns with high-frequency data
By Abderrahim Taamouti, Universidad Carlos III de Madrid Jean-Marie Dufour, McGill University René Garcia, Edhec Business School
Presented by: Abderrahim Taamouti, Universidad Carlos III de Madrid
Impossible Frontiers
By Thomas J. Brennan, Northwestern University Andrew W. Lo, MIT
Presented by: Andrew Lo, HARRIS & HARRIS GROUP
Growth Opportunities, Investment-Specific Technology Shocks and the Cross-Section of Expected Returns.
[slides]
By Leonid Kogan, MIT Sloan Dimitris Papanikolaou, Northwestern Kellogg
Presented by: Leonid Kogan, MIT
A New Class of Asset Pricing Models with Lévy Processes: Theory and Applications
By Chayawat Ornthanalai, McGill University, Georgia Institute of Technology
Presented by: Chayawat Ornthanalai, McGill University/ Georgia Institute of Technology

Session 21: Advances in Auctions Research
Session Organizer: Yeon-Koo Che, Columbia University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 314
Exclusive Bidding: Value Discovery and the Value of a Bidder
By Murali Agastya, University of Sydney Jingfeng Lu, National University of Singapore
Presented by: Jingfeng Lu, National University of Singapore
Optimal Shill Bidding in the VCG Mechanism
[slides]
By Itai Sher University of Minnesota
Presented by: Itai Sher, University of Minnesota
Affiliation and Dependence in Economic Models
By Luciano de Castro, University of Illinois at Urbana-Champaign
Presented by: Luciano de Castro, University of Illinois
Bounds on the Counterfactual Distribution of Revenues in Auctions with Reserve Prices
[slides]
By Xun Tang, Department of Economics, University of Pennsylvania
Presented by: Xun Tang, University of Pennsylvania

Session 22: Search and Unemployment
Session Organizer: Claudia Olivetti, Boston University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 225
Selection, Separation, and Unemployment
[slides]
By Gonul Sengul, University of Texas at Austin
Presented by: Gonul Sengul, University of Texas at Austin
Job Separation, Earnings Losses, and Turbulence
By Shigeru Fujita (Federal Reserve Bank of Philadelphia)
Presented by: Shigeru Fujita, Federal Reserve Bank of Philadelphia
Identifying the Labor Market Search and Matching Model: Some Insights from Structural Estimation
By Thomas A. Lubik, Federal Reserve Bank Of Richmond
Presented by: Thomas Lubik, Federal Reserve Bank of Richmond

Session 23: Nonparametrics
Session Organizer: Adonis Yatchew, UNIVERSITY OF TORONTO
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 222
Small Bandwidth Asymptotics for Density-Weighted Average Derivatives
By Matias D. Cattaneo, University of Michigan Richard K. Crump, Federal Reserve Bank of New York Michael Jansson, UC-Berkeley
Presented by: Matias Cattaneo, University of Michigan
Semiparametric Efficiency in Irregularly Identified Models
By Shakeeb Khan, Duke University Denis Nekipelov UC Berkeley
Presented by: Denis Nekipelov, University of California - Berkeley
Data-Driven Model Evaluation: A Test for Revealed Performance
By Christopher Parmeter, Virginia Polytechnic Institute Jeffrey Racine, McMaster University
Presented by: Christopher Parmeter, Virginia Tech
Nonstandard Estimation of Inverse Conditional Density-Weighted Expectations
By Chuan Goh, University of Toronto
Presented by: Chuan Goh, University of Toronto

Session 24: Estimation under Asymmetric Information and Learning
Session Organizer: Marc Rysman, Boston University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 223
Identification of the Joint Value Distrubition from Auction Data
[slides]
By Christopher P. Adams, Federal Trade Commission
Presented by: Christopher Adams, Federal Trade Commission
Learning About New Products: An Empirical Study of Physicians' Behavior
[slides]
By Maria Marta Ferreyra, Tepper School of Business, Carnegie Mellon University Grigory Kosenok, New Economic School, Moscow
Presented by: Grigory Kosenok, New Economic School, Moscow
Identifying Contract Optimality Non-parametrically with Moral Hazard: First Order Approach and Statistical Inference”
By Rongzhu Ke Department of Economics, MIT
Presented by: Rongzhu Ke, MIT
Social Learning and Optimal Advertising in the Motion Picture Industry
[slides]
By Hailey Hayeon Joo Department of Economics Ohio University
Presented by: Hailey Hayeon Joo, Ohio University

Session 25: Multinational Corporations and FDI
Session Organizer: Jonathan Eaton, New York University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 116
Third-Country Effects in Multinational Production Networks
By Maggie X. Chen George Washington University
Presented by: Maggie Chen, George Washington University
The Margins of Multinational Production and the Role of Intra-firm Trade
[slides]
By Alfonso Irarrazabal, University of Oslo Andreas Moxnes, University of Oslo Luca David Opromolla, Banco de Portugal
Presented by: Luca David Opromolla, Banco de Portugal
Roll out the Red Carpet and They Will Come: Investment Promotion, Information Asymmetries and FDI Inflows
By University of Oxford
Presented by: Torfinn Harding, OxCarre, University of Oxford
Risk, Returns, and Multinational Production
[slides]
By Stefania Garetto, Princeton University and Boston University Jose L. Fillat, Federal Reserve Bank of Boston
Presented by: Stefania Garetto, Princeton University

Session 26: Managers and Asset Prices
Session Organizer: Christine Parlour, UC Berkeley
Date: June 5, 2009
Time: 8:30 - 10:00
Location: B25B
Leverage Choice and Credit Spread Dynamics when Managers Risk Shift
[slides]
By Murray Carlson: UBC Ali Lazrak: UBC and HEC
Presented by: Ali Lazrak, university of british columbia
Equilibrium Equity Premium, Interest Rate and the Cost of Capital in a Large-Firm under Moral Hazard
By Jaeyoung Sung, Ajou University, Korea, and University of Illinois at Chicago Xuhu Wan, Hong Kong University of Science and Technology
Presented by: Jaeyoung Sung, University of Illinois at Chicago
Debt Covenants and Distressed Equity Issuance: Optimal Financing in the Presence of Monitoring
[slides]
By Tomasz Piskorski, Columbia University Mark M Westerfield, University of Southern California
Presented by: Mark Westerfield, University of Southern California

Session 27: Asset Prices and Aggregate Fluctuations
Session Organizer: Julia Thomas, The Ohio State University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 227
Speculative Growth and Overreaction to Technology Shocks
[slides]
By Kevin J. Lansing Federal Reserve Bank of San Francisco
Presented by: Kevin Lansing, Federal Reserve Bank of San Francisco
Asset Pricing, Housing Markets, and the Business Cycle: A Macro-Finance Approach
[slides]
By Ivan Jaccard (European Central Bank)
Presented by: Ivan Jaccard, European Central Bank
Taxation and Asset Pricing in a Production Economy
[slides]
By Chao Wei, the George Washington University Marika Santoro, Congressional Budget Office
Presented by: Chao Wei, George Washington University
Financial Market Segmentation, Stock Market Volatility and the Role of Monetary Policy
By Anastasia S. Zervou Washington University in St. Louis
Presented by: Anastasia Zervou, Washington University in St. Louis

Session 28: Discrimination and Affirmative Action
Session Organizer: Kaivan Munshi, Brown University
Date: June 5, 2009
Time: 8:30 - 10:00
Location: 237
Improving the Labor Market Outcomes of Minorities: The Role of Employment Quota
By Nishith Prakash Assistant Professor Department of Economics Ohio University Athens, OH 45701
Presented by: Nishith Prakash, Ohio University
Further Evidence on the Policy Impact of Randomised Political Reservation
[slides]
By Indira Rajaraman, National Institute of Public Finance and Policy, New Delhi 110067, India Manish Gupta, National Institute of Public Finance and Policy, New Delhi 110067, India
Presented by: Manish Gupta, National Institute of Public Finance and Policy
Using an Experimental Approach to Identify Labor Market Discrimination Based on Gender and Social Class in a Developing Economy
By David Bravo, Universidad de Chile Claudia Sanhueza, ILADES\Universidad Alberto Hurtado Sergio Urzua, Northwestern University
Presented by: Sergio Urzua, Northwestern University

Session 29: Political Theory
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 326
Turnout and Power Sharing
[slides]
By Helios Herrera, Columbia University Massimo Morelli, Columbia University
Presented by: Massimo Morelli, Columbia University
Long-Run Outcomes of Electoral Competition Between Policy-Motivated Parties
By Jean Guillaume Forand University of Toronto
Presented by: Jean Guillaume Forand, University of Toronto
Political Accountability under Special Interest Politics
By Georgy Egorov (Harvard University)
Presented by: Georgy Egorov, Harvard University
Markovian Social Security in Unequal Societies
[slides]
By Kaiji Chen, University of Oslo Zheng Song, Fudan University
Presented by: Kaiji Chen, University of Oslo

Session 30: Housing in Macro
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 316
Mortgage Innovation and the Foreclosure Boom
[slides]
By Dean Corbae, University of Texas at Austin Erwan Quintin, Federal Reserve Bank of Dallas
Presented by: Dean Corbae, University of Texas at Austin
Deconstructing Lifecycle Expenditure with Home Production
By Wenli Li Federal Reserve Bank of Philadelphia Fang Yang State University of New York in Albany
Presented by: Wenli Li, Federal Reserve Bank of Philadelphia
Optimal Capital Income Taxation with Housing
By Makoto Nakajima, Federal Reserve Bank of Philadelphia
Presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia
House Prices and Risk Sharing
[slides]
By Dmytro Hryshko, University of Alberta Maria Luengo-Prado, Northeastern University Bent Sorensen, University of Houston
Presented by: Maria Luengo-Prado, Northeastern University

Session 31: Open Economy Business Cycle Models
Session Organizer: Charles Engel, University of Wisconsin
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 221
Revisiting Cross-Country Correlation Anomalies
[slides]
By Alok Johri, McMaster University Marc-Andre Letendre, McMaster University Daqing Luo, Shanghai University of Finance and Economics
Presented by: Marc-Andre Letendre, McMaster University
The World Has More Than Two Countries: Implications of Multi-Country International Real Business Cycle Models
[slides]
By Hirokazu Ishise, Boston University
Presented by: Hirokazu Ishise, Boston University
World Interest Rate and Business Cycles in Small Open Economies
By Marcelo Oviedo, Iowa State University Vivian Yue, New York University
Presented by: Vivian Yue, New York University

Session 32: Rational and Boundedly Rational Learning
Session Organizer: Balazs Szentes, UCL
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 222
On Learning Information Acquisition with respect to Future Availability of Alternative
[slides]
By Kazutoshi Yamazaki, Princeton University
Presented by: Kazutoshi Yamazaki, Princeton University
Assessing others' rationality in real time
[slides]
By Gaetano Gaballo, University of Siena
Presented by: Gaetano Gaballo, University of Siena
Optimal consumption under liquidity constraints and bounded rationality
[slides]
By Peter Howitt, Brown University Ömer Özak, Brown University
Presented by: Ömer Özak, Brown University
Learning and Discovery
[slides]
By Boyan Jovanovic, NYU
Presented by: Boyan Jovanovic, New York University

Session 33: Incentives, Communication and Monitoring
Session Organizer: Yeon-Koo Che, Columbia University
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 116
But Who Will Monitor the Monitor?
By David Rahman, University of Minnesota
Presented by: David Rahman, University of Minnesota
Transparency, career concerns, and incentives for acquiring expertise
By Heski Bar-Isaac, NYU Stern
Presented by: Heski Bar-Isaac, NYU
Cheap Talk with Two Senders and Complementary Information
[slides]
By Andrew McGee, Ohio State University Huanxing Yang, Ohio State University
Presented by: Huanxing Yang, The Ohio State University
Communication in Bargaining over Decision Rights
[slides]
By Wooyoung Lim, University of Pittsburgh
Presented by: Wooyoung Lim, University of Pittsburgh

Session 34: Asset Pricing with Heterogeneous Investors
Session Organizer: John Campbell, Harvard University
Date: June 5, 2009
Time: 10:30 - 12:00
Location: B14
Risk Aversion and Equilibrium Optimal Portfolios in Large Markets
[slides]
By Jaksa Cvitanic, Caltech, Division of Humanities and Social Sciences Semyon Malamud, ETH Zuerich and Swiss Finance Institute
Presented by: Semyon Malamud, Ecole Polytechnique Federale de Lausanne and Swiss Finance Institute
Market Selection
[slides]
By Leonid Kogan, MIT Stephen Ross, MIT Jiang Wang, MIT Mark Westerfield, USC
Presented by: Mark Westerfield, University of Southern California
Speculative Risk Averse Investor Behavior in a Pure Exchange Economy
By CalPoly Orfalea College of Business
Presented by: HERVE ROCHE, CALIFORNIA POLYTECHNIC STATE UNIVERSITY

Session 35: Labor Supply, Fertility and Childcare Production
Session Organizer: Claudia Olivetti, Boston University
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 223
Household Labor Supply and Home Services in a General-Equilibrium Model with Heterogeneous Agents
By Christian Bredemeier, University of Dortmund (TU) and RGS Econ; Falko Juessen, University of Dortmund (TU) and IZA
Presented by: Christian Bredemeier, University of Dortmund (TU)
Child Maturation, Time-Invariant, and Time-Varying Inputs: their Relative Importance in Production of Child Human Capital
[slides]
By Mark Agee Scott E. Atkinson Tom Crocker
Presented by: Scott Atkinson, Univ. of Georgia
What Explains Fertility? Evidence from Italian Pension Reforms
[slides]
By Francesco C. Billari, Dondena, Università Bocconi and IGIER Vincenzo Galasso, IGIER, Università Bocconi and CEPR
Presented by: Vincenzo Galasso, IGIER - Università Bocconi

Session 36: Identification
Session Organizer: Adonis Yatchew, UNIVERSITY OF TORONTO
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 314
Nonparametric Identification and Estimation of Regression Discontinuity Quantile Treatment Effects
By Brigham R. Frandsen, MIT
Presented by: Brigham Frandsen, Department of Economics
Identification and Estimation of a Nonparametric Panel Data Model with Unobserved Heterogeneity
By Kirill Evdokimov, Yale University
Presented by: Kirill Evdokimov, Yale University
Nonparametric Identification of Accelerated Failure Time Competing Risks Models
By Sokbae Lee (University College London); Arthur Lewbel (Boston College)
Presented by: Simon (Sokbae) Lee, UCL
Nonparametric Identification of a Binary Random Factor in Cross Section Data
By Arthur Lewbel Boston College
Presented by: Arthur Lewbel, Boston College

Session 37: Education and Discrimination
Session Organizer: Thomas Lemieux, University of British Columbia
Date: June 5, 2009
Time: 10:30 - 12:00
Location: B12
Katrina's Children: The Effect of Peers on Student Achievement and Behavior
[slides]
By Scott A. Imberman, University of Houston Adriana Kugler, University of Houston Bruce Sacerdote, Dartmouth College
Presented by: Bruce Sacerdote, Dartmouth College and NBER
Education and Labor-Market Discrimination
[slides]
By Kevin Lang, Boston University and NBER Michael Manove, Boston University
Presented by: Kevin Lang, Boston University
Endogeneity and imperfect instruments: Estimating Bounds for the Effect of Early Childbearing on High School Completion
By Steffen Reinhold University of Mannheim Tiemen Woutersen Johns Hopkins University
Presented by: Tiemen Woutersen, JHU
Gender Differences in Hierarchies: Evidence from the Political Arena
[slides]
By Stefano Gagliarducci, CEMFI M. Daniele Paserman, Boston University and Hebrew University
Presented by: M. Daniele Paserman, Boston University

Session 38: Combination of Structural and Reduced Form Models for Policy Analysis
Session Organizer: Lucrezia Reichlin, London Business School
Date: June 5, 2009
Time: 10:30 - 12:00
Location: B06B
Incorporating Conjuctural Analysis in Structural Models
By Domenico Giannone, European Central Bank Francesca Monti, ECARES, Universite' Libre de Bruxelles Lucrezia Reichlin, London Business School
Presented by: Francesca Monti, ECARES, Université Libre de Bruxelles
DSGE Model-Based Forecasting of Non-modelled Variables
[slides]
By Frank Schorfheide, University of Pennsylvania Keith Sill, Federal Reserve Bank of Philadelphia Maxym Kryshko, University of Pennsylvania
Presented by: Keith Sill, Federal Reserve Bank of Philadelphia
The dynamic effects of monetary policy: A structural factor model approach
By Mario Forni, Universita di Modena Luca Gambetti, Universitat Autonoma de Barcelona
Presented by: Luca Gambetti, Universitat Autonoma de Barcelona

Session 39: Empirics of International Trade I
Session Organizer: Jonathan Eaton, New York University
Date: June 5, 2009
Time: 10:30 - 12:00
Location: B25B
Per Capita Income, Market Access Costs, and Trade Volumes
[slides]
By Alexander Tarasov Pennsylvania State University
Presented by: Alexander Tarasov, The Pennsylvania State University
The Rise of Vertical Specialization Trade
[slides]
By Benjamin Bridgman, Bureau of Economic Analysis
Presented by: Benjamin Bridgman, Bureau of Economic Analysis
International Trade Dynamics with Intermediate Inputs
By Ananth Ramanarayanan, Federal Reserve Bank of Dallas
Presented by: Ananth Ramanarayanan, Federal Reserve Bank of Dallas

Session 40: Cointegration and Nonlinear Time Series Models
Session Organizer: Jean-Marie Dufour, McGill University
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 227
A Pure-Jump Transaction-Level Price Model Yielding Cointegration
[slides]
By Clifford M. Hurvich, Stern School of Business, New York University Yi Wang, Wellington Management LLC
Presented by: Yi Wang, Wellington Management LLC
Maximum likelihood estimation of fractionally cointegrated systems.
By Katarzyna Łasak CREATES, Aarhus University, Denmark
Presented by: Katarzyna Łasak, CREATES
Threshold Quantile Autoregressive Models
[slides]
By Gabriel Montes-Rojas, City University, London Antonio F. Galvao, University of Illinois at Urbana-Champaign Jose Olmo, City University, London
Presented by: Gabriel Montes-Rojas, City University London

Session 41: General Equilibrium Theory
Session Organizer: Chris Shannon, UC Berkeley
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 237
Rational Expectations in Urban Economics
[slides]
By Marcus Berliant, Washington University in St. Louis Chia-Ming Yu, Washington University in St. Louis
Presented by: Chia-Ming Yu, Washington University in St. Louis
Retrading in Competitive Equilibria with Adverse Selection
[slides]
By Pamela Labadie George Washingon University
Presented by: Pamela Labadie, George Washington University
Ambiguity Aversion and Absence of Trade
By Luciano de Castro, University of Illinois at Urbana-Champaign Alain Chateauneuf, University Paris I
Presented by: Luciano de Castro, University of Illinois

Session 42: Imperfect Competition
Session Organizer: Glenn Ellison, MIT
Date: June 5, 2009
Time: 10:30 - 12:00
Location: 225
Reference Dependence and Market Competition
[slides]
By Jidong Zhou Department of Economics, University College London
Presented by: Jidong Zhou, University College London
Price competition on a buyer-seller network
[slides]
By Carlos R. Lever Stanford University
Presented by: Carlos Lever, Stanford University
A Model of Ordered Bargaining with Applications
By Serge Moresi (CRA) Steven C. Salop (Georgetown University Law Center and CRA) Yianis Sarafidis (CRA)
Presented by: Yianis Sarafidis, CRA International

Session 43: Dynamic Economic Theory
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 227
Equilibrium growth when the planner is time inconsistent
By Ivar Ekeland: UBC Ali Lazrak: UBC and HEC
Presented by: Ali Lazrak, university of british columbia
On Sustained Economic Growth with Wealth Effects.
By Santanu Roy, Southern Methodist University, Dallas, TX.
Presented by: Santanu Roy, Southern Methodist University
Growth and crisis, unavoidable connection?
[slides]
By Roberto Piazza, University of Minnesota and Bank of Italy
Presented by: Roberto Piazza, University of Minnesota

Session 44: Prices in Macro
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 237
Dynamics of the Price Distribution in a General Model of State-Dependent Pricing
[slides]
By James Costain, Bank of Spain Anton Nakov, Bank of Spain
Presented by: Anton Nakov, Banco de España
Long-Run Productivity Risk: A New Hope For Production-Based Asset Pricing.
[slides]
By Mariano M. Croce, Kenan-Flagler, UNC at Chapel Hill
Presented by: Mariano Croce, kenan-flagler Business School, Universit
A DSGE model of the term structure with regime shifts
[slides]
By Gianni Amisano, European Central Bank and Universitá di Brescia Oreste Tristani, European Central Bank
Presented by: Gianni Amisano, Department of Economics University of Brescia
On the Informational Role of Term Structure in the U.S. Monetary Policy
[slides]
By Jesús Vázquez (Universidad del País Vasco) Ramón María-Dolores (Universidad de Murcia) Juan M. Londoño (Universidad del País Vasco)
Presented by: Jesus Vazquez, Universidad del Pais Vasco

Session 45: HIV/AIDS and Development
Session Organizer: Claudia Olivetti, Boston University
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 314
HIV/AIDS and Fertility
[slides]
By Jane Fortson, University of Chicago
Presented by: Jane Fortson, Becker Center on Chicago Price Theory
Aggregate Effects of AIDS on Development
By Raul Santaeulalia-Llopis Washington University in St. Louis
Presented by: Raul Santaeulalia-Llopis, Washington University in St. Louis
Breaking the Net: Family Structure and Street Children in Zambia
By Mireille Jacobson, UCI and NBER Claudia Olivetti, Boston University and NBER Francesco Strobbe, MIT and University of Padua
Presented by: Francesco Strobbe, University of Padua

Session 46: International Finance
Session Organizer: Charles Engel, University of Wisconsin
Date: June 5, 2009
Time: 13:30 - 15:00
Location: B25B
Imports, Exports, Dollar Exposures, and Stock Returns
By Suparna Chakraborty, Bert Wasserman Dept. of Economics and Finance, Baruch College, CUNY Yi Tang, Dept. of Finance, Fordham University Liuren Wu, Bert Wasserman Dept. of Economics and Finance, Baruch College, CUNY
Presented by: Suparna Chakraborty, Baruch College, CUNY
Asymmetric Information, Portfolio Managers and Home Bias
By Wioletta Dziuda (Kellogg School of Management) Jordi Mondria (University of Toronto)
Presented by: Jordi Mondria, University of Toronto
Deep Financial Integration and Volatility
By Sebnem Kalemli-Ozcan, University of Houston and NBER Bent Sorensen, University of Houston and CEPR Vadym Volosovych, Florida Atlantic University
Presented by: Vadym Volosovych, Florida Atlantic University
Why Do Emerging Economies Import Direct Investment and Export Savings? A Story of Financial Underdevelopment
By Katherine Smith, US Naval Academy Diego Valderrama, Federal Reserve Bank of San Francisco
Presented by: Diego Valderrama, Federal Reserve Bank of San Francisco

Session 47: Decision Theory
Session Organizer: Uzi Segal, Boston College
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 222
Transitive Regret
By Sushil Bikhchandani, UCLA Uzi Segal, Boston College
Presented by: Sushil Bikhchandani, The Anderson School of Managemeht
Uncertainty Averse Preferences
[slides]
By Simone Cerreia-Vioglio, Columbia University Fabio Maccheroni, Universita' Bocconi Massimo Marinacci, Collegio Carlo Alberto, Universita' di Torino Luigi Montrucchio, Collegio Carlo Alberto, Universita' di Torino
Presented by: Simone Cerreia-Vioglio, Columbia University
Temporal Resolution of Uncertainty and Recursive Models of Ambiguity Aversion
[slides]
By Tomasz Strzalecki, Harvard University
Presented by: Tomasz Strzalecki, Harvard University
A Model of Limited Foresight
[slides]
By Asen Kochov, Department of Economics University of Rochester
Presented by: Asen Kochov, University of Rochester

Session 48: Information Aggregation and Transmission
Session Organizer: Balazs Szentes, UCL
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 225
Dynamic Strategic Information Transmission
[slides]
By Mikhail Golosov (MIT) Vasiliki Skreta (NYU Stern) Aleh Tsyvinski (Yale) Andrea Wilson (NYU)
Presented by: Andrea Wilson, New York University
Delay and Information Aggregation in Stopping Games with Private Information
[slides]
By Pauli Murto, Helsinki School of Economics Juuso Välimäki, Helsinki School of Economics
Presented by: Pauli Murto, Helsinki School of Economics
Free-Riding And Delegation in Research Teams -- A Three-Armed Bandit Model
[slides]
By Nicolas Klein, University of Munich
Presented by: Nicolas Klein, University of Munich
Transparency of peer activities confounds cheap talk in joint projects
By Murali Agastya, University of Sydney
Presented by: Murali Agastya, University of Sydney

Session 49: Credit Risk
Session Organizer: John Campbell, Harvard University
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 326
Arbitrage-Free Credit Pricing Using Default Probabilities and Risk Sensitivities
[slides]
By Andreas Blöchlinger, Zurich Cantonal Bank
Presented by: Andreas Blöchlinger, Zurich Cantonal Bank
Ambiguity, Information Quality and Credit Risk
[slides]
By Nina Boyarchenko, University of Chicago Booth School of Business
Presented by: Nina Boyarchenko, University of Chicago Graduate School of
The Option Value of Consumer Bankruptcy
[slides]
By Ethan Cohen-Cole, University of Maryland
Presented by: Ethan Cohen-Cole, University of Maryland

Session 50: Life Insurance Markets: Theory and Evidence
Session Organizer: Hanming Fang, Duke University
Date: June 5, 2009
Time: 13:30 - 15:00
Location: B14
Is Dynamic Selection Present in the Life Insurance Market?
By Daifeng He, Washington University in St. Louis
Presented by: Daifeng He, Washington University
How Does the Life Settlement Market Affect the Primary Life Insurance Market?
By Hanming Fang, Duke University Edward Kung, Duke University
Presented by: Edward Kung, Duke University
Life Insurance and the Value of Spouses: Labor Supply vs. Household Production
By Jay Hong, University of Rochester
Presented by: Jay Hong, University of Rochester
Bequest Motives and the Annuity Puzzle
[slides]
By Lee Lockwood, University of Chicago
Presented by: Lee Lockwood, University of Chicago

Session 51: Counterfactual Estimation
Session Organizer: Thomas Lemieux, University of British Columbia
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 316
Nonparametric Estimation of Distributional Policy Effects
By Christoph Rothe, University of Mannheim
Presented by: Christoph Rothe, University of Mannheim
Decomposing Wage Distributions using Recentered Influence Function Regressions
By Sergio Firpo, EESP-FGV Nicole Fortin, UBC Thomas Lemieux, UBC
Presented by: Sergio Firpo, FGV-SP
INFERENCE ON COUNTERFACTUAL DISTRIBUTIONS
By Victor Chernozhukov, MIT Ivan Fernandez-Val, Boston University Blaise Melly, Brown University
Presented by: Blaise Melly, Brown University
New Evidence on the Finite Sample Properties of Propensity Score Matching and Reweighting Estimators
[slides]
By John Enrico DiNardo, University of Michigan, NBER Justin McCrary, University of California, Berkeley and NBER Matias Busso, IADB
Presented by: John DiNardo, University of Michigan

Session 52: Forecasting
Session Organizer: Lucrezia Reichlin, London Business School
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 116
Macroeconomic Forecasting and Structural Change
By Antonello D'Agostino (Central Bank of Ireland) Luca Gambetti (Universitat Autonoma de Barcelona) Domenico Giannone (European Central Bank)
Presented by: Domenico Giannone, European Central Bank
Identifying the Sources of Instabilities in Macroeconomic Fluctuations
By Atsushi Inoue, NC State Barbara Rossi, Duke
Presented by: Barbara Rossi, Duke University
The Superiority of the Greenbook Forecasts and the Role of Recessions
[slides]
By N. Kundan Kishor, University of Wisconsin-Milwaukee
Presented by: Narayan Kishor, University of Wisconsin-Milwaukee
Measuring Oil-price Shocks Using Market-based Information
By Tao Wu, Research Department, Federal Reserve Bank of Dallas Michele Cavallo, International Finance Division, Federal Reserve Board
Presented by: Tao Wu, Federal Reserve Bank of Dallas

Session 53: Partial Identification
Session Organizer: Jean-Marie Dufour, McGill University
Date: June 5, 2009
Time: 13:30 - 15:00
Location: B12
Inference with Conditional Moment Inequalities
[slides]
By Donald W. K. Andrews, Cowles Foundation, Yale University Xiaoxia Shi, Department of Economics, Yale University
Presented by: Donald Andrews, Yale University
Testing for the Degree of Commitment via Set-identification
By Laura Coroneo, ECARES Valentina Corradi, University of Warwick Paulo Santos-Monteiro, University of Warwick
Presented by: Paulo Santos Monteiro, University of Warwick
Inference for Subsets of Parameters in Partially Identified Models
[slides]
By Kyoo il Kim, University of Minnesota
Presented by: Kyoo il Kim, University of Minnesota
Consistent and Asymptotically Unbiased MinP Tests of Multiple Inequality Moment Restrictions
[slides]
By Chris Bennett, Vanderbilt University
Presented by: Chris Bennett, Vanderbilt University

Session 54: Trade and Labor Markets
Session Organizer: Jonathan Eaton, New York University
Date: June 5, 2009
Time: 13:30 - 15:00
Location: B06B
Offshoring, Trade in Tasks and Occupational Specificity of Human Capital
By Moritz Ritter, U of Toronto
Presented by: Moritz Ritter, University of Toronto
Intergenerational Effects of Trade Liberalization
[slides]
By Erhan Artuc (Koc University, Istanbul)
Presented by: Erhan Artuc, Koc University, Istanbul
Much Ado About Nothing: American Jobs and the Rise of Service Outsourcing to China and India
By Runjuan Liu, School of Business, University of Alberta. Daniel Trefler, Rotman School of Management and Department of Economics, University of Toronto and the Canadian Institute for Advance Research (CIFAR).
Presented by: Runjuan Liu, University of Alberta

Session 55: Organizations
Session Organizer: Glenn Ellison, MIT
Date: June 5, 2009
Time: 13:30 - 15:00
Location: 223
The dynamics of promotions, quits and layoffs
[slides]
By Odilon Camara, University of Illinois at Urbana-Champaign; Dan Bernhardt, University of Illinois at Urbana-Champaign
Presented by: Dan Bernhardt,
Firm Formation with Complementarities: The Role of the Entrepreneur
[slides]
By Christian Roessler, Rice University and University of Queensland Philipp Koellinger, Erasmus University
Presented by: Christian Roessler, Rice University and University of Queens
Mismatch, Rematch, and Investment
[slides]
By Thomas Gall, University of Bonn and Boston University Patrick Legros, ECARES andd CEPR Andrew F. Newman, Boston University and CEPR
Presented by: Thomas Gall, University of Bonn

Session 56: Structural Transformation
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 221
Structural Transformation and Regional Growth Dynamics
[slides]
By Trevor Tombe, University of Toronto
Presented by: Trevor Tombe, University of Toronto
Financial Structure, Informality and Development
[slides]
By Pablo D'Erasmo, University of Maryland Hernan Moscoso Boedo, University of Virginia
Presented by: Hernan Moscoso Boedo, University of Virginia
The Greatest of All Improvements: Roads, Agriculture, and Economic Development in Africa
[slides]
By Douglas Gollin, Williams College Richard Rogerson, Arizona State University
Presented by: Douglas Gollin, Williams College
A Quantitative Exploration of the Golden Age of European Growth
[slides]
By Mihaela Pintea, Florida International University Francisco Alvarez-Cuadrado, McGill University
Presented by: Mihaela Pintea, Florida International University

Session 57: Beliefs and Institutions
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 223
The politics of redistribution and market efficiency: An experimental study
By Jens Großer, Florida State University Ernesto Reuben, Northwestern University
Presented by: Ernesto Reuben, Northwestern University
Do re-election probabilities influence public investment?
[slides]
By Jon H. Fiva, University of Oslo Gisle James Natvik, Norges Bank
Presented by: Jon Fiva, University of Oslo
Imperfect Property Rights
[slides]
By James Bessen, Boston University School of Law
Presented by: James Bessen, Boston University
The Political Economy of Fiscal Deficits and Government Production
[slides]
By Gisle James Natvik, Norges Bank
Presented by: Gisle Natvik, Norges Bank

Session 58: Monetary Policy
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 6, 2009
Time: 8:30 - 10:00
Location: B14
Monetary Policy Regime Shifts and Inflation Persistence
[slides]
By Troy Davig (Federal Reserve Bank of Kansas City) Taeyoung Doh (Federal Reserve Bank of Kansas City)
Presented by: Taeyoung Doh, Economic Research Dept.
Optimal fiscal and monetary policy without commitment
By Stefan Niemann, University of Essex Paul Pichler, University of Vienna Gerhard Sorger, University of Vienna
Presented by: Stefan Niemann, University of Essex
Optimal Fiscal and Monetary Policy in Customer Markets
[slides]
By David M. Arseneau, Federal Reserve Board Sanjay K. Chugh, University of Maryland
Presented by: Sanjay Chugh, University of Maryland
Price-Level Targeting and Risk Management in a Low-Inflation Economy
[slides]
By Roberto M. Billi, FRB Kansas City
Presented by: Roberto Billi, FRB Kansas City

Session 59: Recursive Utility
Session Organizer: Uzi Segal, Boston College
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 225
Preferences for One-Shot Resolution of Uncertainty and Allais-Type Behavior
[slides]
By David Dillenberger, Department of Economics, University of Pennsylvania
Presented by: David Dillenberger, University of Pennsylvania
Recursive Smooth Ambiguity Preferences
[slides]
By Peter Klibanoff, Kellogg SM, Northwestern University Massimo Marinacci, Collegio Carlo Alberto, Universita di Torino Sujoy Mukerji, University of Oxford
Presented by: Peter Klibanoff, Kellogg School of Management, Northwestern University
Uncertainty and Compound Lotteries: Calibration
By Yoram Halevy, University of British Columbia Emre Ozdenoren, University of Michigan
Presented by: Yoram Halevy, University of British Columbia

Session 60: Consumption-Based Asset Pricing
Session Organizer: John Campbell, Harvard University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 314
Consumption Volatility Risk
By Oliver Boguth, University of British Columbia Lars-Alexander Kuehn, Carnegie Mellon University
Presented by: Oliver Boguth, University of British Columbia
Crash Risk in Currency Markets
By Emmanuel Farhi, Harvard University Samuel Fraiberger, New York University, Xavier Gabaix, New York University, Romain Ranciere, IMF Adrien Verdelhan, Boston University
Presented by: Adrien Verdelhan, Boston University
New Goods and Asset Prices
[slides]
By Paul Scanlon, Trinity College Dublin
Presented by: Paul Scanlon, Trinity College Dublin
The Consumption of Active Investors and Asset Prices
[slides]
By Adam Zawadowski, Princeton University
Presented by: Adam Zawadowski, Princeton University

Session 61: Electoral Competition
Session Organizer: Hanming Fang, Duke University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: B25B
Split-Ticket Voting: An Implicit Incentive Approach
[slides]
By Galina Zudenkova, Universidad Carlos III de Madrid
Presented by: Galina Zudenkova, Universidad Carlos III de Madrid
Splitting, Squeezing and Diluting: Policy Moderation when Candidacy is Endogenous and Voting is Sincere
[slides]
By Arnaud Dellis, Universite Laval
Presented by: Arnaud Dellis, Universite Laval
Partially Binding Platforms and the Advantages of Being an Extreme Candidate
[slides]
By Yasushi Asako University of Wisconsin-Madison
Presented by: Yasushi Asako, University of Wisconsin-Madison
Party Labels and Information: The Implications of Contagion in Coelection Environments
By Yosh Halberstam; Northwestern University B. Pablo Montagnes; Northwestern University
Presented by: Yosh Halberstam, Northwestern University

Session 62: Education, Marriage and Inequality
Session Organizer: Claudia Olivetti, Boston University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 227
Student Abilities During the Expansion of U.S. Education, 1950-2000
[slides]
By Lutz Hendricks, UNC-Chapel Hill, CESifo, Munich and CFS Todd Schoellman, Clemson University
Presented by: Todd Schoellman, Clemson University
Keeping up with the Joneses in McMansions: Changes in Wealth Inequality between College and High-School Graduates
[slides]
By Takashi Yamashita, Nova Southeastern University
Presented by: Takashi Yamashita, Nova Southeastern University
Money and Marriage: Implications of Wage Inequality on Marriage Outcomes
[slides]
By Jing Liu University of Texas at Austin
Presented by: Jing Liu, University of Texas at Austin

Session 63: Spatial Econometrics/Time Series Panels with Cross-section Correlation
Session Organizer: Tim Vogelsang, Michigan State U.
Date: June 6, 2009
Time: 8:30 - 10:00
Location: B12
The moving blocks bootstrap for panel linear regression models with individual fixed effects
By Silvia Goncalves, Universite de Montreal
Presented by: Silvia Goncalves, Université de Montréal
Fixed-b Asymptotics for Spatially Dependent Robust Nonparametric Covariance Matrix Estimators
[slides]
By C. Alan Bester, Chicago Booth Timothy G. Conley, Chicago Booth Christian Hansen, Chicago Booth Timothy J. Vogelsang, Michigan State Univsersity
Presented by: Alan Bester, University of Chicago
Heteroskedasticity, Autocorrelation, and Spatial Correlation Robust Inference in Linear Panel Models with Fixed-Effects
By Timothy J. Vogelsang, Michigan State
Presented by: Tim Vogelsang, Michigan State U.
Robustifying Common Deterministic Trend Tests to Nonstationary Volatility
By Ke-Li Xu University of Alberta
Presented by: Ke-Li Xu, University of Alberta School of Business

Session 64: Behavioral Implications of Transfers and Regulation
Session Organizer: Wojciech Kopczuk, Columbia University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 316
Labor Supply Responses to Marginal Social Security Benefits: Evidence from Discontinuities
[slides]
By Jeffrey B. Liebman, Harvard University Erzo F.P. Luttmer, Harvard University David G. Seif, Harvard University
Presented by: Erzo Luttmer, Harvard University
The welfare system and immigration of Mexican workers to the United States
[slides]
By Christian Ferrada University of Chicago
Presented by: Christian Ferrada, University of Chicago
Cheaper child care, more children
By Eva Mörk, IFAU and Uppsala University Anna Sjögren, IFAU and Research Institute of Industrial Economics Helena Svaleryd, Research Institute of Industrial Economics
Presented by: Helena Svaleryd, Research Institute of Industrial Economi

Session 65: Weak Identification
Session Organizer: Jean-Marie Dufour, McGill University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 326
A new method of projection-based inference in GMM with weakly identified nuisance parameters
By (1) Saraswata Chaudhuri, Department of Economics, University of North Carolina Chapel Hill (2) Eric Zivot, Department of Economics, University of Washington
Presented by: Saraswata Chaudhuri, University of North Carolina, Chapel Hil
Confidence sets for covariances between errors and endogenous regressors
By Firmn Doko, University of Montreal Jean-MarieDufour, Mcgill University
Presented by: Firmin Doko Tchatoka, Université de Montreal
Inference on subsets of parameters in GMM without assuming identification
By Frank Kleibergen, Brown University Sophocles Mavroeidis, Brown University
Presented by: Frank Kleibergen, Brown University
Regression Based on Conditional Quantile Restriction with Weak-Identification-Robust Inference
By Vadim Marmer, University of British Columbia Shinichi Sakata, University of British Columbia
Presented by: Shinichi Sakata, University of British Columbia

Session 66: Empirics of International Trade II
Session Organizer: Jonathan Eaton, New York University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 222
Price, Quality, and International Trade: Theory and Evidence
By Antoine Gervais University of Maryland
Presented by: Antoine Gervais, University of Maryland
Firm Heterogeneity and Costly Trade: A New Estimation Strategy and Policy Experiments.
By Ivan Cherkashin, Department of Economics, Pennsylvania State University Svetlana Demidova, Department of Economics, McMaster University Hiau Looi Kee, Development Research Group - Trade, The World Bank Kala Krishna, Department of Economics, Pennsylvania State University and NBER
Presented by: Ivan Cherkashin, Penn State University
Income Differences and Prices of Tradables
By Ina Simonovska Department of Economics University of Minnesota
Presented by: Ina Simonovska, University of Minnesota

Session 67: Incomplete Information and Nominal Contracts
Session Organizer: Julia Thomas, The Ohio State University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 116
Staggered Labor Contracts and Monetary Policy
[slides]
By Robert Amano, Bank of Canada Stephen Murchison, Bank of Canada Malik Shukayev, Bank of Canada
Presented by: Malik Shukayev, Bank of Canada
Managing Beliefs about Monetary Policy under Discretion
[slides]
By Elmar Mertens, Federal Reserve Board
Presented by: Elmar Mertens, Federal Reserve Board
Nominal Shocks and Long-Term Contracts
[slides]
By Boyan Jovanovic, NYU
Presented by: Boyan Jovanovic, New York University

Session 68: Migration and Labor Markets
Session Organizer: Kaivan Munshi, Brown University
Date: June 6, 2009
Time: 8:30 - 10:00
Location: 237
The Effect of Migrant Networks of Mexican Migration
[slides]
By Su-Hsin Chang, The Johns Hopkins University
Presented by: Su-Hsin Chang, Johns Hopkins University
International Job Search: Mexicans in and out of the US
[slides]
By Silvio Rendon, Stony Brook University Alfredo Cuecuecha, CIDE
Presented by: Silvio Rendon, Stony Brook University
Heterogeneities and Uncertainty in Labor Markets of Developing Countries
[slides]
By Maria Elisa Farias University of Chile
Presented by: Maria Elisa Farias, Universidad de Chile

Session 69: Repeated Games
Session Organizer: Muhamet Yildiz, MIT
Date: June 6, 2009
Time: 8:30 - 10:00
Location: B06B
Community Structure and Market Outcomes: Towards a Theory of Repeated Games in Networks
By Itay Fainmesser, Harvard University
Presented by: Itay Fainmesser, Harvard University
Information and Beliefs in a Repeated Normal-form Game
By Dietmar Fehr TU Berlin Dorothea Kübler TU Berlin & IZA David Danz TU Berlin
Presented by: Dietmar Fehr, Technische Universität Berlin
What Goes Around Comes Around: A theory of strategic indirect reciprocity in networks
[slides]
By Max Mihm, Cornell University Russell Toth, Cornell University Corey Lang, Cornell University
Presented by: Russell Toth, Cornell University
Frequent Monitoring in Repeated Games under Brownian Uncertainty
[slides]
By António M. Osório-Costa, Universidad Carlos III de Madrid
Presented by: Antonio Osorio-Costa, Universidad Carlos III Madrid

Session 70: Technology, Innovation and Growth
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 227
ICT, Skills and Productivity Growth: US–German High-Skill and ICT Investments Complementarities
[slides]
By Thomas Strobel Ifo Institute for Economic Research at the University of Munich Department of Economics, University of Munich
Presented by: Thomas Strobel, Ifo Institute for Economic Research
Rising Skill Premium and the Deunionization in the United States
By Omer Acikgoz, University of Rochester Baris Kaymak, University of Montreal
Presented by: Baris Kaymak, Universite de Montreal
Entry Costs, Misallocation, and Cross-country Income and TFP Differences
By Levon Barseghyan, Cornell University Riccardo DiCecio, FRB of St. Louis
Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis

Session 71: Dynamic Contracts
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 6, 2009
Time: 10:30 - 12:00
Location: B25B
A Theory of Firm Decline
By Gian Luca Clementi, New York University Thomas Cooley, New York University Sonia Di Giannatale, CIDE
Presented by: Gian Luca Clementi, Stern School of Business
Computing Dynamic Optimal Mechanisms When Private Shocks Are Persistent
[slides]
By Kenichi Fukushima, University of Minnesota and FRB Minneapolis, Yuichiro Waki, University of Minnesota and FRB Minneapolis
Presented by: Yuichiro Waki, University of Minnesota
Repeated Moral Hazard and Recursive Lagrangeans
By Antonio Mele Universitat Pompeu Fabra
Presented by: Antonio Mele, Universitat Pompeu Fabra
An algorithm for computing partial derivatives of the value function by simulation
By Alexandre Dmitriev, University of New South Wales
Presented by: Alexandre Dmitriev, University of New South Wales

Session 72: Empirical Exchange Rate Models
Session Organizer: Charles Engel, University of Wisconsin
Date: June 6, 2009
Time: 10:30 - 12:00
Location: B06B
Exchange Rates and Fundamentals: A Generalization
[slides]
By James M. Nason Research Department Federal Reserve Bank of Atlanta John H. Rogers International Finance Division Board of Governors of the Federal Reserve System
Presented by: James Nason, Research Department
The Taylor Rule and Interval Forecast For Exchange Rates
[slides]
By Jian Wang, FRB Dallas Jason J Wu, Federal Reserve Board
Presented by: Jason Wu, Federal Reserve Board
Fundamentals Based Exchange Rate Prediction Revisited
[slides]
By Jan J. J. Groen, Federal Reserve Bank of New York
Presented by: Jan Groen, Federal Reserve Bank of New York
Taylor Rules and the Euro
By Tanya Molodtsova, Emory University Alex Nikolsko-Rzhevskyy, University of Memphis David H. Papell, University of Houston
Presented by: Tanya Molodtsova, Emory University

Session 73: Multi-selves
Session Organizer: Uzi Segal, Boston College
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 314
Rationalizing Choice with Multi-Self Models
[slides]
By Attila Ambrus, Harvard University, Dept. of Economics Kareen Rozen, Yale University, Dept. of Economics
Presented by: Kareen Rozen, Yale University
Self-Deception and Choice
[slides]
By Igor Kopylov (UC-Irvine) Jawwad Noor (BU)
Presented by: Jawwad Noor, Boston University
Revealed Attention
[slides]
By Yusufcan Masatlioglu (University of Michigan) Daisuke Nakajima (University of Michigan) Erkut Ozbay (University of Maryland)
Presented by: Daisuke Nakajima, University of Michigan
A Theory of Temptation without Uncertainty
[slides]
By Madhav Chandrasekher Department of Economics Arizona State University
Presented by: Madhav Chandrasekher, Arizona State University

Session 74: Econometrics of Volatility and Jumps
Session Organizer: Francis Diebold, University of Pennsylvania
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 116
Separating risk due to diffusion, positive jumps, and negative jumps
[slides]
By Stefan Klößner Saarland University
Presented by: Stefan Klößner, Saarland University
Jump-Robust Volatility Estimation using Nearest Neighbor Truncation
[slides]
By Torben G. Andersen, Northwestern Univ., NBER, CREATES; Dobrislav Dobrev, Federal Reserve Board of Governors; Ernst Schaumburg, Northwestern Univ.
Presented by: Dobrislav Dobrev,
Semiparametric Conditional Quantile Estimation with High-Frequency Data
By Filip Zikes Imperial College London
Presented by: Filip Zikes, Imperial College London

Session 75: Active Asset Management and Stock Returns
Session Organizer: John Campbell, Harvard University
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 326
The Joint Pricing of Volatility and Liquidity
[slides]
By Federico Bandi, Univ. of Chicago Claudia Moise, Case Western Reserve Univ. Jeffrey Russell, Univ. of Chicago
Presented by: Claudia Moise, Case Western Reserve University
Information Precision, Noise, and the Cross-Section of Stock Returns
[slides]
By Radu Burlacu (Univ. Pierre Mendes-France) Patrice Fontaine (Univ. Pierre Mendes-France) Sonia Jimenez (Grenoble Inst. of Tech.) Mark S. Seasholes (HKUST)
Presented by: Mark Seasholes, HKUST
Skill, Luck, and Reputation in Product Diversification Decisions: Evidence from Hedge Funds
[slides]
By Rui de Figueiredo, University of California Berkeley Evan Rawley, University of Pennsylvania
Presented by: Evan Rawley, Whart School University of Pennsylvania
What Happened to the Quants in August 2007?: Evidence from Factors and Transactions Data
By Amir Khandani, MIT Andrew W. Lo, MIT
Presented by: Amir Khandani, MIT

Session 76: School Outcomes and Test Scores
Session Organizer: Claudia Olivetti, Boston University
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 222
School Entry, Educational Attainment and Quarter of Birth: A Cautionary Tale of LATE
By Rashmi Barua, Singapore Management University Kevin Lang, Boston University and NBER
Presented by: Kevin Lang, Boston University
An Econometric Framework for the Analysis of Dynamic Treatment Effects: Grade Retention and Test Scores
[slides]
By Jane Cooley, University of Wisconsin-Madison Salvador Navarro, University of Wisconsin-Madison Yuya Takahashi, University of Wisconsin-Madison
Presented by: Salvador Navarro, University of Wisconsin-Madison
Do achievement labels affect the well-being of children? Evidence from discontinuities in test scores
[slides]
By Marcello Sartarelli, Institute of Education
Presented by: Marcello Sartarelli, European University Institute
Testing 1, 2, 3: An Analysis of 4Sight in Pennsylvania
[slides]
By Robert P. Strauss, Carnegie Mellon University Abby Clay Turner, Carnegie Mellon University
Presented by: Abby Turner, Carnegie Mellon University

Session 77: Topics in Econometrics
Session Organizer: Adonis Yatchew, UNIVERSITY OF TORONTO
Date: June 6, 2009
Time: 10:30 - 12:00
Location: B12
NONPARAMETRIC LEAST SQUARES ESTIMATION IN DERIVATIVE FAMILIES
[slides]
By Peter Hall, University of Melbourne Adonis Yatchew, University of Toronto
Presented by: Adonis Yatchew, UNIVERSITY OF TORONTO
Bednets Information and Malaria
[slides]
By Brian Blackburn, Stanford Medical School Aprajit Mahajan, Stanford Economics Alessandro Tarozzi, Duke Economics Joanne Yoong, RAND
Presented by: Aprajit Mahajan, Stanford University
Bayesian modeling of joint and conditional distributions
By Andriy Norets, Princeton University Justinas Pelenis, Princeton University
Presented by: Justinas Pelenis, Princeton University
Tighter Bounds in Triangular Systems
[slides]
By Sung Jae Jun, Penn State University Joris Pinkse, Penn State University Haiqing Xu, Penn State University
Presented by: Sung Jae Jun, the Pennsylvania State University

Session 78: Wages and Compensation
Session Organizer: Thomas Lemieux, University of British Columbia
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 225
Are Big Cities Really Bad Places to Live? Improving Quality-of-life Estimates across Cities.
[slides]
By David Albouy, University of Michigan
Presented by: David Albouy, University of Michigan
Increased Sorting and Wage Inequality in the Czech Republic: New Evidence Using Linked Employer-Employee Dataset
[slides]
By Tor Eriksson (Aarhus School of Business) Mariola Pytliková (Aarhus School of Business) Frédéric Warzynski (Aarhus School of Business)
Presented by: Frederic Warzynski, Aarhus School of Business
Team Incentives: evidence from a field experiment
By Oriana Bandiera (LSE) Iwan Barankay (University of Pennsylvania) Imran Rasul (UCL)
Presented by: Iwan Barankay, University of Pennsylvania
Understanding the City Size Wage Gap
By Nathaniel Baum-Snow, Brown University Ronni Pavan, University of Rochester
Presented by: Nathaniel Baum-Snow, Brown University

Session 79: Macroeconometrics with International and Disaggregated Data
Session Organizer: Lucrezia Reichlin, London Business School
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 221
Monetary analysis with disaggregated variables
By Domenico Giannone, European Central Bank and CEPR Michele Lenza, European Central Bank Lucrezia Reichlin, London Business School and CEPR
Presented by: Michele Lenza, European Central Bank
The forecasting power of international yield curve linkages
By Kleopatra Nikolaou, European Central Bank Michele Modugno, European Central Bank, Université Libre de Bruxelles
Presented by: Kleopatra Nikolaou, ECB
Comparing global macroeconomic forecasts
By Lucia Alessi, European Central Bank Marta Banbura, European Central Bank
Presented by: Lucia Alessi, European Central Bank
Sectoral vs Aggregate Shocks: A Structural Factor Analysis of Industrial Production
[slides]
By Andrew Foerster - Duke University Pierre-Daniel Sarte - Federal Reserve Bank of Richmond Mark W. Watson - Princeton University
Presented by: Pierre-Daniel Sarte, Federal Reserve Bank of Richmond

Session 80: Solving Dynamic Oligopoly Games
Session Organizer: Marc Rysman, Boston University
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 316
Competition and Innovation in the Microprocessor Industry: Does AMD spur Intel to innovate more?
By Brett Gordon, Columbia University, Graduate School of Business Ron Goettler, University of Chicago, Graduate School of Business
Presented by: Brett Gordon, Columbia University
A User's Guide to Solving Dynamic Stochastic Games Using the Homotopy Method
By Ron Borkovsky, Rotman School of Management, University of Toronto Ulrich Doraszelski, Department of Economics, Harvard University Yaroslav Kryukov, Tepper School of Business, CMU
Presented by: Yaroslav Kryukov, Northwestern University
An Approximate Dynamic Programming Approach to Solving Large Scale Dynamic Oligopoly Models
[slides]
By Vivek Farias, MIT Sloan School Denis Saure, Columbia Business School Gabriel Y. Weintraub, Columbia Business School
Presented by: Gabriel Weintraub, Columbia University
Sequential Estimation of Dynamic Programming Models with Unobserved Heterogeneity
By Hiroyuki Kasahara, University of Western Ontario Katsumi Shimotsu, Queen's University
Presented by: Katsumi Shimotsu, Queen's University

Session 81: Fiscal Policy and Economic Fluctuations
Session Organizer: Julia Thomas, The Ohio State University
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 237
Coordination of Expectations and the Informational Role of Policy
[slides]
By Yang K. Lu, Boston University Ernesto Pasten, Toulouse School of Economics
Presented by: Yang Lu, Boston University
Tax Smoothing in Frictional Labor Markets
By David M. Arseneau, Board of Governors Sanjay K. Chugh, University of Maryland
Presented by: David Arseneau, Federal Reserve Board
China’s Real Business Cycles between 1954 – 2004: Productivity and Fiscal Policy Changes
By Min Zhao (National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan) Minchung Hsu (National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan)
Presented by: Minchung Hsu, National Grad Institute Policy Studies
Government size and macroeconomic stability in life-cycle economies
By Alexandre Janiak (University of Chile and IZA) Paulo Santos Monteiro (University of Warwick) Varinia Tromben (University of Chile)
Presented by: Alexandre Janiak, University of Chile

Session 82: Pricing and Price Discrimination
Session Organizer: Glenn Ellison, MIT
Date: June 6, 2009
Time: 10:30 - 12:00
Location: 223
Revenue Management by Sequential Screening
[slides]
By Mustafa Akan, Carnegie Mellon University Baris Ata, Northwestern University James Dana, Northeastern University
Presented by: James Dana, Northeastern University
The Market for Surprises: Selling Substitute through Lotteries
By Filippo Balestrieri, HP Labs Joao Leao, Department of Economics, ISCTE
Presented by: Joao Leao, ISCTE
Who Benefits From Online Privacy?
[slides]
By Liad Wagman, Duke University Vincent Conitzer, Duke University Curtis Taylor, Duke University
Presented by: Liad Wagman, Duke University
``Isoperfect Price Discrimination: Bargaining and Market Power''
[slides]
By David Myatt, Oxford Eric Rasmusen, Indiana
Presented by: Eric Rasmusen, Indiana University

Session 83: Auctions and Matching
Session Organizer: Muriel Niederle, Stanford University
Date: June 6, 2009
Time: 10:30 - 12:00
Location: B14
Social Networks and Unraveling in Labor Markets
By Itay Fainmesser, Harvard University
Presented by: Itay Fainmesser, Harvard University
Asymmetric Auctions with Resale: An Experimental Study
[slides]
By Sotiris Georganas, OSU John Kagel, OSU
Presented by: Sotirios Georganas, Ohio State University and University of
Do Irrelevant Payoffs Affect Behavior When Dominant Strategy is Available: Experimental Evidence from Second-Price Auctions
[slides]
By Sotiris Georganas, Ohio State University Dan Levin, Ohio State University Peter McGee, Ohio State University
Presented by: Peter McGee, Ohio State University
School Choice under Boston Mechanism as Bayesian Games: Theory and Estimation
By Yinghua He, Department of Economics, Columbia University
Presented by: Yinghua He, Columbia University

Session 84: Political Economy of Development
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 316
Agrarian Structure and Endogenous Financial System Development
[slides]
By Dietrich Vollrath, University of Houston
Presented by: Dietrich Vollrath, University of Houston
Asymmetric Information, Rent Extraction and Aid Efficiency
By Julia Cagé ; Harvard University and Paris School of Economics
Presented by: Julia Cage, Harvard University and ENS
Decolonization: the Role of Changing World Factor Endowments
[slides]
By Roberto Bonfatti LSE and Oxford University
Presented by: Roberto Bonfatti, LSE
A Tale of Markets and Jungles in a Simple Model of Growth
[slides]
By Thomas Gall, University of Bonn and BU Paolo Masella, European University Institute, Florence
Presented by: Thomas Gall, University of Bonn

Session 85: Topics in Life Cycle Models
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 237
Designing the Optimal Social Security Pension System
By Shinichi Nishiyama, Georgia State University
Presented by: Shinichi Nishiyama, Georgia State University
The Taxation of Saving Returns in Overlapping Generations Economies with Stochastic Asset Bubbles
By Julio DAVILA
Presented by: Julio Davila, Universite catholique de Louvain and CNRS
Technological Advance and the Growth in Health Care Spending
By Richard M. H. Suen University of California at Riverside
Presented by: Richard M. H. Suen, University of California, Riverside
Social Security Reform with Impure Intergenerational Altruism
By Fang Yang State University of New York at Albany
Presented by: Fang Yang, SUNY-Albany

Session 86: Inequality and Skill Structure
Session Organizer: Claudia Olivetti, Boston University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 326
Inequality and Specialization: The Growth of Low-Skill Service Jobs in the United States
By David Autor, MIT and NBER David Dorn, Boston Univ. and Univ. of St. Gallen
Presented by: David Dorn, Boston University
Recent Changes in the European Employment Structure: The Roles of Technology and Globalization
[slides]
By Maarten Goos University of Leuven Alan Manning London School of Economics Anna Salomons University of Leuven
Presented by: Maarten Goos, University of Leuven
Gender Gaps across Skills: Demand or Supply Forces?
[slides]
By Claudia Olivetti, Boston University Barbara Petrongolo, London School of Economics
Presented by: Claudia Olivetti, Boston University
Wage Inequality and Barriers to Entry
[slides]
By Federico De Francesco, University of California - Los Angeles (UCLA)
Presented by: Federico De Francesco, UCLA

Session 87: International Asset Pricing and Consumption Preferences
Session Organizer: Charles Engel, University of Wisconsin
Date: June 6, 2009
Time: 13:30 - 15:00
Location: B25B
Consumption and real exchange rates in professional forecasts
By Michael B. Devereux, University of British Columbia Gregor W. Smith, Queen's University, James Yetman, BIS
Presented by: Gregor Smith, Queen's University
What Do International Asset Returns Imply About Consumption Risk Sharing?
[slides]
By Karen Lewis Wharton School, University of Pennsylvania Edith Liu Wharton School, University of Pennsylvania
Presented by: Edith Liu,
Six anomalies looking for a model. A consumption based explanation of international finance puzzles.
By Riccardo Colacito, University of North Carolina at Chapel Hill
Presented by: Riccardo Colacito, University of North Carolina at Chapel Hill
Sovereign Risk Premia
By Nicola Borri, Boston University Adrien Verdelhan, Boston University
Presented by: Adrien Verdelhan, Boston University

Session 88: Behavioral Economics
Session Organizer: Edward O'Donoghue, Cornell University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 116
Social Preferences and the Efficiency of Bilateral Exchange
[slides]
By Daniel J. Benjamin, Cornell University
Presented by: Daniel Benjamin,
Ashamed to be Selfish
[slides]
By David Dillenberger, UPenn Economics Philipp Sadowski, Duke Economics
Presented by: Philipp Sadowski, Duke University
Self-interest through agency: An alternative rationale for the principal-agent relationship
[slides]
By John Hamman, Carnegie Mellon University George Loewenstein, Carnegie Mellon University Roberto Weber, Carnegie Mellon University
Presented by: Roberto Weber, Carnegie Mellon University
Consideration Sets and Competitive Marketing
[slides]
By Ran Spiegler, University College London
Presented by: Kfir Eliaz, Brown University

Session 89: Estimation of Latent and Realized Volatility
Session Organizer: Francis Diebold, University of Pennsylvania
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 223
Two Scale Realized Kernels
By Shinsuke Ikeda Boston University
Presented by: Shinsuke Ikeda, Boston University
Assessing the Nature of Pricing Inefficiencies via Realized Measures
[slides]
By Marine Carrasco Universite of Montreal Rachidi Kotchoni University of Montreal
Presented by: Marine Carrasco, Universite de Montreal
Estimation of Stochastic Volatility Models by Nonparametric Filtering
By Shin Kanaya, Department of Economics, University of Oxford Dennis Kristensen, Economics Department, Columbia University
Presented by: Shin Kanaya, University of Oxford
The HESSIAN Method (Highly Efficient State Smoothing, In A Nutshell)
By William McCausland, Economics, University of Montreal
Presented by: William McCausland, Universite de Montreal

Session 90: Advances in Mechanism Design Theory
Session Organizer: Yeon-Koo Che, Columbia University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 222
Optimal Allocation without Transfers
[slides]
By Surajeet Chakravarty, University of Exeter Todd R. Kaplan, University of Exeter
Presented by: Todd Kaplan, University of Exeter
Public Common Agency
By David Martimort, Toulouse School of Economics Lars Stole, University of Chicago
Presented by: Lars Stole, University of Chicago Grad School of Bus
What to Put on the Table
[slides]
By Nicolás Figueroa, Universidad de Chile Vasiliki Skreta, NYU, Stern School of Business
Presented by: Vasiliki Skreta, New York University, Stern School of Bus
Incentive Compatible Transfers
By Nenad Kos, Bocconi University Matthias Messner, Bocconi University
Presented by: Nenad Kos, Bocconi University

Session 91: The Changing Risks of Stocks and Nominal Bonds
Session Organizer: John Campbell, Harvard University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: B12
Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds
[slides]
By John Y. Campbell, Harvard University Adi Sunderam, Harvard University Luis M. Viceira, Harvard University
Presented by: Adi Sunderam, Harvard Business School
Inflation and Earnings Uncertainty and Volatility Forecasts: A Structural Form Approach
By Alexander David Haskayne School of Business University of Calgary Pietro Veronesi Booth School of Business University of Chicagao
Presented by: Alexander David, University of Calgary
The `Fed-model´ and the changing correlation of stock and bond returns: An equilibrium approach
[slides]
By Henrik Hasseltoft, Stockholm School of Economics & The institute for financial research (SIFR)
Presented by: Henrik Hasseltoft, Stockholm School of Economics

Session 92: Structural Change
Session Organizer: Tim Vogelsang, Michigan State U.
Date: June 6, 2009
Time: 13:30 - 15:00
Location: B14
Wald Tests for detecting Multiple Structural Changes in Persistence
[slides]
By Mohitosh Kejriwal, Purdue University Pierre Perron, Boston University Jing Zhou, BlackRock, Inc.
Presented by: Mohitosh Kejriwal, Purdue University
Testing parameter constancy when the regressor may have a near unit root
By Masako Miyanishi, Dept of Economics, University of Georgia, Athens GA 30602
Presented by: Masako Miyanishi, University of Georgia
Identifying Euler Equation models via stability restrictions
By Leandro M. Magnusson, Tulane University Sophocles Mavroeidis, Brown University
Presented by: Sophocles Mavroeidis, Brown University
Efficient Semiparametric Detection of Changes in Trend
By Chuan Goh, University of Toronto
Presented by: Chuan Goh, University of Toronto

Session 93: Measurement Error and Missing Data
Session Organizer: Thomas Lemieux, University of British Columbia
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 225
Inference on Peer Effects with Missing Peer Data: Evidence from Project STAR
[slides]
By Aaron Sojourner; Northwestern University
Presented by: Aaron Sojourner, Northwestern University
Wage Gap Estimation with Proxies and Nonresponse
[slides]
By Christopher R. Bollinger, University of Kentucky Barry T. Hirsch, Georgia State University
Presented by: Barry Hirsch, Georgia State University
Survey Instruments and the Reports of Consumption Expenditures: Evidence from the Consumer Expenditure Surveys
By Erich Battistin, University of Padova and IRVAPP Mario Padula, University of Venice and CSEF
Presented by: Erich Battistin,

Session 94: Electoral Competition and Strategic Voting
Session Organizer: Wojciech Kopczuk, Columbia University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 221
Inferring Strategic Voting
By Kei Kawai, Northwestern University Yasutora Watanabe, Northwestern University
Presented by: Yasutora Watanabe, Northwestern University, Kellogg School
A Regression Discontinuity Test of Strategic Voting and Duverger's Law
By Thomas Fujiwara, Dept. of Economics - Univ. of British Columbia
Presented by: Thomas Fujiwara, University of British Columbia
Who Is Punishing Corrupt Politicians - Voter or the Central Government? Evidence from the Brazilian Anti-Corruption Program
By Fernanda Brollo Università Luigi Bocconi
Presented by: Fernanda Brollo, Università Commerciale Luigi Bocconi
Competition and Newspaper Political Endorsements
By Fernanda Leite Lopez de Leon
Presented by: Fernanda Leite Lopez de Leon, Cornell University

Session 95: Trade Theory and Policy
Session Organizer: Jonathan Eaton, New York University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 314
Trade, Conflicts, and Political Integration: Explaining the Heterogeneity of Regional Trade Agreements
[slides]
By Vincent Vicard, Banque de France
Presented by: Vicard Vincent, Banque de France
Matching and Inequality in the World Economy
[slides]
By Arnaud Costinot, MIT and NBER Jonathan Vogel, Columbia and UCLA
Presented by: Arnaud Costinot, Massachusetts Institute of Technology
Plant-Level Responses to Antidumping Duties: Evidence from U.S. Manufacturers
[slides]
By Justin Pierce, Georgetown University
Presented by: Justin Pierce, Georgetown University
Optimal City Hierarchy: A Dynamic Programming Approach to Central Place Theory
[slides]
By Thomas J. Holmes, University of Minnesota. Wen-Tai Hsu, Chinese University of Hong Kong.
Presented by: Wen-Tai Hsu, Chinese University of Hong Kong

Session 96: Labor Market Frictions and Business Cycles
Session Organizer: Julia Thomas, The Ohio State University
Date: June 6, 2009
Time: 13:30 - 15:00
Location: B06B
Lumpy capital, labor market search and employment dynamics over business cycles
[slides]
By Zhe LI, University of Toronto
Presented by: Zhe Li, University of Toronto
Labor Market Search in Emerging Economies
[slides]
By Emine Boz, IMF Ceyhun Bora Durdu, Federal Reserve Board Nan Li, Ohio State University
Presented by: Nan Li, Ohio State University
Labor Turnover Costs, Workers' Heterogeneity, and Optimal Monetary Policy
[slides]
By Ester Faia, University of Frankfurt Wolfgang Lechthaler, Kiel Institute for the World Economy Christian Merkl, Kiel Institute for the World Economy and IZA
Presented by: Christian Merkl, Kiel Institute for the World Economy

Session 97: Applications of Game Theory
Session Organizer: Muhamet Yildiz, MIT
Date: June 6, 2009
Time: 13:30 - 15:00
Location: 227
Voronoi Languages
[slides]
By Gerhard Jäger, Bielefeld University Lars Peter Koch-Metzger, Bielefeld University Frank Riedel, Bielefeld University
Presented by: Lars Koch-Metzger, University of Bielefeld
Reversibility in Dynamic Coordination Problems
By Eugen Kovac, University of Bonn Jakub Steiner, University of Edinburgh
Presented by: Eugen Kovac, University of Bonn
A Noncooperative Reformulation of the Core
By Charles Z. Zheng, Department of Economics, Iowa State University
Presented by: Charles Z. Zheng, Iowa State University
Achievable Outcomes in Smooth Dynamic Contribution Games
[slides]
By Steven A. Matthews Department of Economics University of Pennsylvania
Presented by: Steven Matthews, University of Pennsylvania

Session 98: Endogenous Political Institutions
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 225
Democracy and the Threat of Kingmaking
[slides]
By Thorsten Janus University of Wyoming
Presented by: Thorsten Janus, University of Wyoming
Demography, Development and the Origin of Democracy: A Model with Case Studies of Archaic Athens and Maritime England
By Brishti Guha,Singapore Management University Ashok S Guha, Indian Statistical Institute
Presented by: Brishti Guha, Singapore Management University
Executive Performance under Direct and Hierarchical Accountability Structures
[slides]
By Razvan Vlaicu, University of Maryland
Presented by: Razvan Vlaicu, University of Maryland

Session 99: Structural Estimation in Macro
Session Organizer: Jesus Fernandez-Villaverde, University of Pennsylvania
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 223
Local Identification in DSGE Models
By Nikolay Iskrev, Banco de Portugal
Presented by: Nikolay Iskrev, Banco de Portugal
Autoregressions and Priors About Initial Growth Rates
[slides]
By Marek Jarocinski, European Central Bank Albert Marcet, Institut d'Analisi Economica Barcelona
Presented by: Marek Jarocinski, European Central Bank
Bayesian Analysis of DSGE Models with Regime Switching
By Yunjong Eo (Washington University in St. Louis)
Presented by: Yunjong Eo, Washington University in St. Louis
Estimating the Cross-sectional Distribution of Price Stickiness from Aggregate Data
[slides]
By Carlos Carvalho, Federal Reserve Bank of New York Niels Arne Dam, Danmarks Nationalbank
Presented by: Carlos Carvalho, Federal Reserve Bank of New York

Session 100: International Capital Flows - Causes and Policy Implications
Session Organizer: Charles Engel, University of Wisconsin
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 116
Monetary Policy under Alternative Asset Market Structures: the Case of a Small Open Economy
[slides]
By Bank of England Centre for Economic Performance (LSE)
Presented by: Bianca De Paoli, Bank of England and Centre for Economic
International Capital Flows and World Output Gains
[slides]
By Jürgen von Hagen, University of Bonn, Indiana University and CEPR. Haiping Zhang, School of Economics, Singapore Management University.
Presented by: Haiping Zhang, Singapore Management University
What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks
[slides]
By Giancarlo Corsetti, European University Institute, University of Rome and CEPR Panagiotis Th. Konstantinou, University of Macedonia
Presented by: Panagiotis Konstantinou, University of Macedonia
On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?
[slides]
By Ceyhun Bora Durdu, Federal Reserve Board Enrique G. Mendoza, University of Maryland & NBER Marco E. Terrones, International Monetary Fund
Presented by: C. Bora Durdu, Federal Reserve Board

Session 101: Topics in the Econometric Modeling of Volatility and Rare Events
Session Organizer: Francis Diebold, University of Pennsylvania
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 326
Robust Properties of Stock Return Tails
[slides]
By Blake LeBaron International Business School Brandeis University
Presented by: Blake LeBaron, Brandeis University
Evaluating Value-at-Risk Models via Quantile Regressions
[slides]
By Luiz Renato Lima - University of Illinois Oliver Linton - LSE Wagner Gaglianone - Central Bank of Brazil Daniel Smith - Simon Fraser University
Presented by: Luiz Renato Lima, University of Illinois
Measuring Volatility Regime Switching and Volatility Contagion: A Range-based Volatility Approach
By Min-Hsien, Chiang Institute of Business, National Cheng Kung University, Taiwan Li-Min, Wang Institute of Business, National Cheng Kung University, Taiwan
Presented by: Li-Min Wang, National Cheng Kung University
Scallar Measures of Volatility and Dependence for the Multivariate Models of Financial Markets
By Anil K. Bera, University of Illinois at Urbana-Champaign Sangwhan Kim, Korea Institute of Finance
Presented by: Anil Bera, University of Illinois

Session 102: Dynamic Contract Design
Session Organizer: Yeon-Koo Che, Columbia University
Date: June 7, 2009
Time: 8:30 - 10:00
Location: B25B
Interim performance feedback in multistage tournaments: The optimality of partial disclosure
By Maria Goltsman, Department of Economics, University of Western Ontario Arijit Mukherjee, Department of Economics, Michigan State University
Presented by: Arijit Mukherjee, Michigan State University
A Principal-Agent Model of Sequential Testing
[slides]
By Lucas Maestri, Yale University Dino Gerardi, Yale University
Presented by: Lucas Maestri, Yale University
Optimal Time-Contingent Contract Design
By Bo Chen; Southern Methodist University; Zaifu Yang; Yokohama National University;
Presented by: Bo Chen, Southern Methodist University

Session 103: Selection and Occupational Choice
Session Organizer: Claudia Olivetti, Boston University
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 222
Aggregate Implications of Employer Search and Recruiting Selection
By Benjamin Villena-Roldan, University of Rochester
Presented by: Benjamin Villena-Roldan, University of Rochester
Who becomes an entrepreneur? Labor market prospects and occupational choice
[slides]
By Markus Poschke, McGill University
Presented by: Markus Poschke, McGill
Return to Education and Education-Occupation Matching within a Transition Economy.
By Natalia Kyui University Paris-1 Pantheon-Sorbonne
Presented by: Natalia Kyui, University Paris1 Pantheon Sorbonne

Session 104: Factor Models/Models with Many Covariates
Session Organizer: Tim Vogelsang, Michigan State U.
Date: June 7, 2009
Time: 8:30 - 10:00
Location: B06B
Inference about predictive ability in the case of asymptotic irrelevance and many predictors
By Stanislav Anatolyev, New Economic School, Moscow Grigory Kosenok, New Economic School, Moscow
Presented by: Grigory Kosenok, New Economic School, Moscow
Likelihood Expansion for Panel Regression Models with Factors
By Hyungsik Roger Moon, University of Southern California Martin Weidner, University of Southern California
Presented by: Martin Weidner, University of Southern California
Asymptotics of the principal components estimator of large factor models with weak factors
[slides]
By Alexei Onatski, Economics Department, Columbia University
Presented by: Alexei Onatski, Columbia University
Forecasting using a large number of predictors: is Bayesian regression a valid alternative to principal components?
By Christine De Mol, Universite Libre de Bruxelles, ECARES Domenico Giannone, European Central Bank, ECARES and CEPR Lucrezia Reichlin, London Business School, ECARES and CEPR
Presented by: Domenico Giannone, European Central Bank

Session 105: Health Economics
Session Organizer: Thomas Lemieux, University of British Columbia
Date: June 7, 2009
Time: 8:30 - 10:00
Location: B12
Censored Quantile Instrumental Variable Estimates of the Price Elasticity of Expenditure on Medical Care
[slides]
By Amanda Kowalski, NBER
Presented by: Amanda Kowalski, National Bureau of Economic Research
Adverse Selection, Welfare and the Optimal Pricing of Employer-Sponsored Health Plans
By Caroline Carlin, University of Minnesota Robert Town, University of Minnesota and NBER
Presented by: Caroline Carlin, University of Minnesota
Why Did Vietnam Veterans Get Sicker in the 1990s? The Complicated Causal Effects of Military Service on Self-Reported Health
[slides]
By Joshua D. Angrist, MIT Stacey H. Chen, Royal Holloway University of London Brigham R. Frandsen, MIT
Presented by: Stacey Chen, Department of Economics
The Effect of an Employer Health Insurance Mandate on Health Insurance Coverage and the Demand for Labor: Evidence from Hawaii
[slides]
By Thomas C. Buchmueller, University of Michigan John DiNardo, University of Michigan Robert G. Valletta, Federal Reserve Bank of San Francisco
Presented by: Robert Valletta, Federal Reserve Bank of San Francisco

Session 106: Real-time Econometrics
Session Organizer: Lucrezia Reichlin, London Business School
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 237
Real-Time Datasets Really Do Make a Difference: Definitional Change, Data Release, and Forecasting
[slides]
By Valentina Corradi - University of Warwick Andres Fernandez - Rutgers University, Univ de Los Andes Norman R. Swanson - Rutgers University, Federal Reserve Bank of Philadelphia
Presented by: Norman Swanson, Rutgers University
Maximum likelihood estimation of large factor model on datasets with arbitrary pattern of missing data
By Michele Modugno, European Central Bank and ECARES Marta Banbura, European Central Bank
Presented by: Marta Banbura, European Central Bank
Forecasting with Autoregressive Models in the Presence of Data Revisions
[slides]
By Michael Clements University of Warwick Ana Beatriz Galvao Queen Mary University of London
Presented by: Ana Beatriz Galvao, Queen Mary, University of London
REAL-TIME STATE-SPACE METHOD FOR COMPUTING FILTERED ESTIMATES OF FUTURE REVISIONS OF U.S. MONTHLY CHAINED CPI
By Peter Zadrozny Bureau of Labor Statistics Washington, DC
Presented by: Peter Zadrozny, Bureau of Labor Statistics

Session 107: Agent Performance and Financial Markets
Session Organizer: Christine Parlour, UC Berkeley
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 316
Management Compensation and Portfolio Choice under Leverage Constraints
By Vikas Agarwal, J. Mack Robinson College of Business Georgia State University. E-mail: vagarwal@gsu.edu Juan-Pedro Gomez, IE Business School and Stern-NYU, E-mai:jgomez@stern.nyu.edu Richard Priestley, BI, E-mail: richard.priestley@bi.no
Presented by: Juan Pedro Gomez, Stern-NYU
Relative Performance Evaluation with Systematic Risk
By Jeremy Bertomeu Kellogg School of Business Northwestern University
Presented by: Jeremy Bertomeu,
Entrepreneurship as a Career Concern
By Frédéric Loss CNAM - Paris Antoine Renucci Université Paris-Dauphine, DRM-CEREG
Presented by: Frédéric Loss, Conservatoire National des Arts et Métie
Interbank Hedging and Systemic Risk: The Role of Renegotiation Breakdowns
By Alexander David Haskayne School of Business University of Calgary Alfred Lehar Haskayne School of Business University of Calgary
Presented by: Alexander David, University of Calgary

Session 108: Aggregate Investment
Session Organizer: Julia Thomas, The Ohio State University
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 314
Uncertainty-Driven Business Cycle
[slides]
By Federal Reserve Board
Presented by: Jae Sim, Federal Reserve Board
A Theory of Transition to a Better Technology
By Simona E. Cociuba Federal Reserve Bank of Dallas
Presented by: Simona Cociuba, Federal Reserve Bank of Dallas
Are Crises Inevitable?
By David M. Frankel, Iowa State University
Presented by: David Frankel, Iowa State University
Partial Irreversible Investment and Cyclical Capital Reallocation: the Role of Adverse Selection
By Shaojin Li, University of Texas at Austin
Presented by: Shaojin Li, University of Texas at Austin

Session 109: Trust and Microfinance
Session Organizer: Kaivan Munshi, Brown University
Date: June 7, 2009
Time: 8:30 - 10:00
Location: B14
Is Group Lending A Good Enforcement Scheme for Achieving High Repayment Rates? Evidence from Framed Field Experiments in Vietnam
By Institute of Developing Economies (IDE)
Presented by: Hisaki Kono, Institute of Developing Economies
A Model of Mission Drift in Microfinance Institutions
[slides]
By Suman Ghosh, Florida Atlantic University Eric Van Tassel, Florida Atlantic University
Presented by: Eric Van Tassel, Florida Atlantic University
The Limited Effect of Social Distance on Trust: Experimental Evidence from a Slum
By Christine Binzel, DIW Berlin Dietmar Fehr, Berlin Institute of Technology
Presented by: Christine Binzel, DIW Berlin

Session 110: Foundations of Game Theory
Session Organizer: Muhamet Yildiz, MIT
Date: June 7, 2009
Time: 8:30 - 10:00
Location: 227
UNCERTAINTY AVERSION AND EQUILIBRIUM EXISTENCE IN GAMES WITH INCOMPLETE INFORMATION
[slides]
By Yaron Azrieli, Ohio State University Roee Teper, Tel-Aviv University
Presented by: Yaron Azrieli, Ohio State University
Context-Dependent Forward Induction Reasoning
[slides]
By Pierpaolo Battigalli, Bocconi University Amanda Friedenberg, Arizona State University
Presented by: Amanda Friedenberg, Arizona State University
Hidden Symmetries and Focal Points
By Carlos Alos-Ferrer, Department of Economics, University of Konstanz, Konstanz, Germany Christoph Kuzmics, Kellogg School of Management, Northwestern University, Evanston, USA
Presented by: Christoph Kuzmics, Kellogg School of Management
Revisiting strategic versus non-strategic cooperation
By Ernesto Reuben, Northwestern University Sigrid Suetens, Tilburg University
Presented by: Ernesto Reuben, Northwestern University

Session 111: Growth Empirics
Session Organizer: Daron Acemoglu, Massachusetts Institute of Technology
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 227
Are any growth theories linear? Why we should care about what the evidence tells us
[slides]
By Daniel J. Henderson, State University of New York at Binghamton Chris Papageorgiou, International Monetary Fund Christopher F. Parmeter, Virginia Tech
Presented by: Daniel Henderson, Binghamton University
Democracy and Growth Volatility: Exploring the Links
[slides]
By Partha Chatterjee, National University of Singapore Malik Shukayev, Bank of Canada
Presented by: Partha Chatterjee, National University of Singapore
Household Income Uncertainties Over Three Decades: We Do Not See A Great Moderation Here
By James Feigenbaum University of Pittsburgh and Utah State University Geng Li Federal Reserve Board
Presented by: James Feigenbaum, University of Pittsburgh

Session 112: Turnover, Mobility and Compensation
Session Organizer: Claudia Olivetti, Boston University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 326
Promotion, Turnover and Compensation in the Executive Market
[slides]
By George-Levi Gayle, Limor Golan, Robert Miller
Presented by: Limor Golan, Carnegie Mellon U.
Job Mobility and the Gender Wage Gap
By Daniela Vuri, University of Rome II Emilia Del Bono, ISER, University of Essex
Presented by: Daniela Vuri, University of Rome "Tor Vergata"
Labor Market Experience and Worker Flows
By Aspen Gorry, University of Chicago
Presented by: Aspen Gorry, University of Chicago

Session 113: Credit and Lending in Open Economies
Session Organizer: Charles Engel, University of Wisconsin
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 314
Collateral Constraints and Macroeconomic Adjustment in an Open Economy
[slides]
By Philip L. Brock; University of Washington
Presented by: Philip Brock,
Foreign Lenders in Emerging Economies
By Matteo Iacoviello, Boston College Raoul Minetti, Michigan State University
Presented by: Raoul Minetti, Michigan State University
How Has Financial Liberalization Affected Emerging Markets' External Capital Structure? An Explanation of the Link between Financial Openness, Sudden Stops, and External Balances
By Enrique Mendoza, University of Maryland and NBER Katherine A. Smith, U.S. Naval Academy
Presented by: Katherine Smith, United States Naval Academy

Session 114: Empirical Behavioral Economics
Session Organizer: Edward O'Donoghue, Cornell University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: B25B
Inference: Bayesian or Cursed
[slides]
By Michael Conlin- Michigan State University Stacy Dickert-Conlin - Michigan State University Jeff Wooldridge - Michigan State University
Presented by: Michael Conlin, Michigan State University
The Market for Rankings: Information Processing Costs and the U.S. News College Rankings
By Michael Luca, Boston University Jonathan Smith, Boston University
Presented by: Michael Luca, Boston University
How do College Students Form Expectations?
By Basit Zafar, Federal Reserve Bank of New York
Presented by: Basit Zafar, Federal Reserve Bank of New York
Testing Bayesian Updating with the AP Top 25
[slides]
By Daniel F. Stone, Oregon State University
Presented by: Daniel Stone, Oregon State University

Session 115: Econometrics of Bond Yields
Session Organizer: Francis Diebold, University of Pennsylvania
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 237
Forecasting Interest Rates and Inflation: Blue Chip Clairvoyants or Econometrics?
[slides]
By Albert Lee CHUN; Copenhagen Business School
Presented by: Albert Lee Chun, Copenhagen Business School
The Market-Perceived Monetary Policy Rule
[slides]
By Seth Pruitt, Federal Reserve Board James D. Hamilton, UCSD Scott C. Borger, UCSD
Presented by: Seth Pruitt, Federal Reserve Board of Governors
Affine Term Structure Model with ARFIMA Factors
[slides]
By Adam Golinski Imperial College London Paolo Zaffaroni Imperial College London
Presented by: Adam Golinski, Imperial College London
Change Points in Term-Structure Models: Pricing, Estimation and Forecasting
[slides]
By Siddhartha Chib Washington University in St. Louis Kyu Ho Kang Washington University in St. Louis
Presented by: Kyu Ho Kang, Washington University in St. Louis

Session 116: Lobbying and Political Competition
Session Organizer: Hanming Fang, Duke University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 221
Informational and monetary lobbying: Expert politicians, good decisions?
By Mike Felgenhauer, Mannheim University
Presented by: Mike Felgenhauer, Mannheim University
Sincere Lobbying Formation
[slides]
By Galina Zudenkova, Universidad Carlos III de Madrid
Presented by: Galina Zudenkova, Universidad Carlos III de Madrid
Competing Informed Principals and Representative Democracy
By Helena Aten, Georgetown University
Presented by: Helena Aten, Georgetown University
Information transmission and inefficienct lobbying
[slides]
By Rafael Costa Lima, EPGE/FGV Humberto Moreira, EPGE/FGV
Presented by: Rafael Costa Lima, FGV

Session 117: Long Memory and Persistence
Session Organizer: Tim Vogelsang, Michigan State U.
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 225
Fractional cointegration rank estimation
By Katarzyna Łasak CREATES, Aarhus University, Denmark Carlos Velasco Departamento de Economía, Universidad Carlos III de Madrid
Presented by: Katarzyna Łasak, CREATES
A Test against Spurious Long Memory
By Zhongjun Qu Boston University
Presented by: Zhongjun Qu, Boston University
True vs Spurious Long Memory: A Monte Carlo Study with an Application to Credit Data
By Arturo Leccadito (Universita' della Calabria, Italy and Cass Business School, London, UK) Giovanni Urga (Cass Business School, London, UK and Universita' di Bergamo, Italy)
Presented by: Giovanni Urga, Cass Business School

Session 118: Immigration
Session Organizer: Thomas Lemieux, University of British Columbia
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 223
Immigration and investment: some theory and evidence on Italian firm level data
[slides]
By ANTONIO ACCETTURO, BANK OF ITALY MATTEO BUGAMELLI, BANK OF ITALY ANDREA LAMORGESE, BANK OF ITALY
Presented by: Antonio Accetturo, Bank of Italy
A land of milk and honey with streets paved with gold: Do emigrants have over-optimistic expectations about incomes abroad?
[slides]
By David McKenzie - World Bank John Gibson - University of Waikato Steven Stillman - Motu Economic and Public Policy Research
Presented by: Steven Stillman, Motu Economic and Public Policy Researc
Repeated Circular Migration: Theory and Evidence
[slides]
By Kevin E. Thom, New York University
Presented by: Kevin Thom, New York University
Sixty Years after the Magic Carpet Ride: The Long-Run Effect of the Early Childhood Environment on Social and Economic Outcomes
[slides]
By Eric D. Gould, Hebrew University Victor Lavy, Hebrew University M. Daniele Paserman, Boston University
Presented by: M. Daniele Paserman, Boston University

Session 119: Business Taxation and Regulation
Session Organizer: Wojciech Kopczuk, Columbia University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: B06B
Foreign (In)Direct Investment and Corporate Taxation
[slides]
By Georg Wamser, Ifo Institute for Economic Research
Presented by: Georg Wamser, Ifo Institute for Economic Research
Productivity dispersion across plants, emission abatement and environmental policy
[slides]
By Zhe Li, University of Toronto
Presented by: Zhe Li, University of Toronto
How Low Business Tax Rates Attract Multinational Headquarters: Municipality-Level Evidence from Germany
[slides]
By Valeria Merlo, Ifo Institute for Economic Research Peter Egger, Ifo Institute for Economic Research Sascha Becker, University of Stirling
Presented by: Valeria Merlo, ifo Institute for Economic Research
Do Minimum Quality Standards Improve Quality? A Case Study of the Nursing Home Industry
By Haizhen Lin Indiana University
Presented by: Haizhen Lin, Indiana University

Session 120: Panel Data
Session Organizer: Jean-Marie Dufour, McGill University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: B14
The weak instrument problem of the system GMM estimator in dynamic panel data models
[slides]
By Maurice J.G. Bun, University of Amsterdam Frank Windmeijer, University of Bristol and Cemmap/IFS
Presented by: Maurice Bun, University of Amsterdam
Consistent Estimation with Weak Instruments in Panel Data
By Chihwa Kao, Syracuse University Long Liu, University of Texas at San Antonio
Presented by: Long Liu, University of Texas at San Antonio
Measurement Errors in Dynamic Panel Data Analysis: A Synthesis on Modelling and GMM Estimation
[slides]
By Erik Biorn, University of Oslo
Presented by: Erik Biorn, University of Oslo
Testing for Cross-sectional Dependence in Fixed Effects Panel Data Models
By Badi H. Baltagi, Syracuse University Qu Feng, Syracuse University Chihwa Kao, Syracuse University
Presented by: Qu Feng, Syracuse University

Session 121: Trade and Technology
Session Organizer: Jonathan Eaton, New York University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: B12
R&D Investment, Exporting, and Productivity Dynamics
[slides]
By Bee Yan Aw, Penn State University Mark J. Roberts, Penn State University Daniel Yi Xu, New York University
Presented by: Daniel Yi Xu, New York University
Revisiting International Protection of Intellectual Property
[slides]
By Jeff Thurk, University of Texas at Austin
Presented by: Jeff Thurk, University of Texas at Austin
Would Global Patent Protection be Too Weak without International Coordination?
By Edwin Lai, Federal Reserve Bank of Dallas
Presented by: Edwin Lai, Federal Reserve Bank of Dallas

Session 122: Risk and Credit Markets
Session Organizer: Christine Parlour, UC Berkeley
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 222
Plastic Clashes: Competition Among Closed and Open Systems in the Credit Card Industry
[slides]
By Fabio M. Manenti University of Padua Ernesto Somma University of Bari
Presented by: Fabio Manenti, University of Padua
Insurance Equilibrium with Monoline and Multiline Insurers
By Rustam Ibragimov, Harvard Department of Economics Dwight Jaffee, UC Berkeley Johan Walden, UC Berkeley
Presented by: Johan Walden, University of California at Berkeley
Credit risk, credit crunch and capital structure
[slides]
By Svetlana Boyarchenko, University of Texas at Austin
Presented by: Svetlana Boyarchenko, University of Texas-Austin
Equilibrium Subprime Lending
[slides]
By Igor Makarov, London Business School Guillaume Plantin, London Business School
Presented by: Guillaume Plantin, London Business School

Session 123: Child Development
Session Organizer: Kaivan Munshi, Brown University
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 116
Childhood Immunization, Mortality and Human Capital Accumulation: Micro-Evidence from India
[slides]
By Santosh Kumar Department of Economics University of Houston
Presented by: Santosh Kumar, University of Houston
Armed Conflict Exposure, Human Capital Investments and Child Labor: Evidence from Colombia
By Catherine Rodriguez, Universidad de los Andes Fabio Sanchez, Universidad de los Andes
Presented by: Fabio Sanchez, Universidad de los Andes
Access to Health Infrastructure and Child Health Development: Evidence from Post-Apartheid South Africa
[slides]
By Shinsuke Tanaka Department of Economics Boston University
Presented by: Shinsuke Tanaka, Boston University

This program was last updated on 2009-06-07 14:30:58 EDT

Session 124: Implementation
Session Organizer: Muhamet Yildiz, MIT
Date: June 7, 2009
Time: 10:30 - 12:00
Location: 316
Implementation with Evidence: Complete Information
By Navin Kartik, Columbia University and UCSD Olivier Tercieux, CNRS and Paris School of Economics
Presented by: Navin Kartik, University of California San Diego
Collusion-Resilient Truly Combinatorial Auctions, Player-Knowledge Benchmarks, and Equilibrium-Less Solution Concepts
By Jing Chen, MIT Silvio Micali, MIT
Presented by: Silvio Micali, MIT
Delegation and nonmonetary incentives
By Attila Ambrus, Harvard University Georgy Egorov, Harvard University
Presented by: Attila Ambrus, Harvard University
The Crowdsourcer's Dilemma: Design and Efficiency of All-Pay Contests with Incomplete Information.
By Nikolay Archak, New York University Arun Sundararajan, New York University
Presented by: Nikolay Archak, NYU Stern