June 19, 2014
13:45 to 15:30	Thursday Afternoon Session , Hanson Hall and Carlson Bldg
16:00 to 17:10	Thursday Semi-Plenary Session, Anderson Hall
17:30 to 18:30	The Leo Hurwicz Lecture, Willey 175
June 20, 2014
08:15 to 10:00	Friday First Morning Session, Hanson Hall and Carlson Bldg
10:30 to 12:15	Friday Second Morning Session, Hanson Hall and Carlson Bldg
13:45 to 15:30	Friday Afternoon Session, Hanson Hall and Carlson Bldg
11:40 to 17:10	Friday Semi-Plenary Session, Hanson Hall
17:30 to 18:30	The Walras-Bowley Lecture, Willey 175
June 21, 2014
08:15 to 10:00	Saturday First Morning Session, Hanson Hall and Carlson Bldg
10:30 to 12:15	Saturday Second Morning Session, Hanson Hall and Carlson Bldg
13:45 to 15:30	Saturday Afternoon Session, Hanson Hall and Carlson Bldg
June 20, 2014
11:40:24 to 17:10	Saturday Semi-Plenary Session, Hanson Hall
June 21, 2014
17:30 to 18:30	The Cowles Lecture, Willey 175
June 22, 2014
08:15 to 10:00	Sunday First Morning Session, Hanson Hall and Carlson Bldg
10:30 to 12:15	Sunday Second Morning Session, Hanson Hall and Carlson Bldg
June 20, 2014
12:45 to 14:30	Poster Session, Hanson Atrium

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

Session ID code	Date/Time	Location	Title	Papers	Organizer
36	June 19, 2014 13:45-15:30	Carlson L-118	Financial Econometrics	3	Ulrich Müller
47	June 19, 2014 13:45-15:30	Carlson L-122	Semiparametric Econometrics	4	Elie Tamer
85	June 19, 2014 13:45-15:30	Carlson L-126	Workers and Firms	4	Eric French
63	June 19, 2014 13:45-15:30	Carlson L-114	Regulation and Efficiency	4	Joel Waldfogel
37	June 19, 2014 13:45-15:30	Carlson 1-149	General Equilibrium Models of Social Security and Health Insurance	3	Eric French
54	June 19, 2014 13:45-15:30	Hanson 1-107	Misallocation and Productivity	4	Manuel Amador
43	June 19, 2014 13:45-15:30	Hanson 1-106	Gains from International Trade I	4	Kim Ruhl
58	June 19, 2014 13:45-15:30	Hanson 1-105	Taxes, Money, and Inflation	4	Juan Carlos Conesa
110	June 19, 2014 13:45-15:30	Carlson 2-228	Household Debt and the Business Cycle	4	Timothy Kehoe
124	June 19, 2014 13:45-15:30	Carlson 1-127	Monetary Policy I	4	Timothy Kehoe
14	June 19, 2014 13:45-15:30	Carlson 1-132	Capital Markets and Investment	4	Motohiro Yogo
83	June 19, 2014 13:45-15:30	Hanson 1-109	Social Choice and Voting	4	David Ahn
11	June 19, 2014 13:45-15:30	Hanson 1-111	Contract Design	4	Simon Board
16	June 19, 2014 13:45-15:30	Carlson 2-233	Experimental Economics I	4	Aldo Rustichini
101	June 19, 2014 16:00-17:10	Anderson 370	Semi-Plenary: International Trade	2	Thomas Holmes
104	June 19, 2014 16:00-17:10	Anderson 270	Semi-Plenary: International Macroeconomics	2	Thomas Holmes
136	June 19, 2014 16:00-17:10	Anderson 210	Semi-Plenary: Incentives	2	Thomas Holmes
134	June 19, 2014 17:30-18:30	Willey 175	The Leo Hurwicz Lecture	1	Timothy Kehoe
73	June 20, 2014 8:15-10:00	Hanson 1-103	High-dimensional econometric models	4	Yuichi Kitamura
17	June 20, 2014 8:15-10:00	Hanson 1-104	Demand	4	Amil Petrin
139	June 20, 2014 8:15-10:00	Hanson 1-105	Pricing and Industries	4	Thomas Holmes
87	June 20, 2014 8:15-10:00	Hanson 1-107	Topics in Labor and Human Capital	4	Eric French
59	June 20, 2014 8:15-10:00	Carlson 1-142	Ageing and Macroeconomics	4	Juan Carlos Conesa
67	June 20, 2014 8:15-10:00	Carlson 2-213	Advances in Macro Labor	4	Fatih Guvenen
5	June 20, 2014 8:15-10:00	Carlson 2-224	Asset Pricing	4	Urban Jermann
49	June 20, 2014 8:15-10:00	Carlson 2-233	International Capital Flows I	4	Fabrizio Perri
111	June 20, 2014 8:15-10:00	Carlson 1-132	Inequality	4	Timothy Kehoe
126	June 20, 2014 8:15-10:00	Carlson 1-135	Monetary Policy II	4	Timothy Kehoe
76	June 20, 2014 8:15-10:00	Hanson 1-111	Corruption and conflict	4	Antonio Merlo
19	June 20, 2014 8:15-10:00	Hanson 1-109	Contracting	4	Larry Samuelson
32	June 20, 2014 8:15-10:00	Hanson 1-106	Information and Interdependence	4	David Rahman
27	June 20, 2014 10:30-12:15	Hanson 1-103	Partial Identification	4	Elie Tamer
78	June 20, 2014 10:30-12:15	Hanson 1-102	Employment and Wage Dynamics	4	Eric French
69	June 20, 2014 10:30-12:15	Hanson 1-105	Span of Control and Productivity	4	James Schmitz
9	June 20, 2014 10:30-12:15	Hanson 1-107	Topics in Empirical IO	4	Holger Sieg
77	June 20, 2014 10:30-12:15	Carlson L-126	Theoretical and empirical models of legislative bargaining	3	Antonio Merlo
108	June 20, 2014 10:30-12:15	Carlson 2-224	Labor Markets: National and International	4	Fatih Guvenen
21	June 20, 2014 10:30-12:15	Hanson 1-106	Default in Quantitative Macroeconomic Models	4	Julia Thomas
61	June 20, 2014 10:30-12:15	Carlson 2-213	Optimal Fiscal Policy	3	Juan Carlos Conesa
117	June 20, 2014 10:30-12:15	Carlson 2-233	Productivity and the Macroeconomy I	4	Timothy Kehoe
116	June 20, 2014 10:30-12:15	Carlson 1-142	Gains from International Trade II	4	Timothy Kehoe
114	June 20, 2014 10:30-12:15	Carlson 1-135	Open Economy Macroeconomics I	4	Timothy Kehoe
51	June 20, 2014 10:30-12:15	Carlson 1-132	Sovereign Debt I	4	Cristina Arellano
26	June 20, 2014 10:30-12:15	Hanson 1-109	Durable Relationships	4	David Rahman
20	June 20, 2014 10:30-12:15	Hanson 1-111	Matching	3	Larry Samuelson
2	June 20, 2014 12:45-14:30	Hanson Atrium	Poster Session	15	Timothy Kehoe
34	June 20, 2014 13:45-15:30	Hanson 1-103	Econometric Theory	4	Kyoo il Kim
75	June 20, 2014 13:45-15:30	Hanson 1-102	Recent Developments in Empirical games and models with simultaneity	4	Antonio Merlo
18	June 20, 2014 13:45-15:30	Hanson 1-105	Evolution of Industries and Policy	4	Amil Petrin
1	June 20, 2014 13:45-15:30	Hanson 1-104	Immigration	4	John Kennan
6	June 20, 2014 13:45-15:30	Hanson 1-107	Political Economy	3	Holger Sieg
120	June 20, 2014 13:45-15:30	Hanson 1-106	Advances in Macroeconomics	4	Timothy Kehoe
115	June 20, 2014 13:45-15:30	Carlson 2-213	Open Economy Macroeconomics II	4	Timothy Kehoe
94	June 20, 2014 13:45-15:30	Carlson 2-224	Aggregate Implications of Distortions	3	Juan Carlos Conesa
118	June 20, 2014 13:45-15:30	Carlson 1-132	Macroeconomic Development	4	Timothy Kehoe
4	June 20, 2014 13:45-15:30	Carlson 1-135	Financial Frictions	4	Urban Jermann
72	June 20, 2014 13:45-15:30	Carlson 1-142	Top Incomes	4	Michael Veall
12	June 20, 2014 13:45-15:30	Hanson 1-109	Information Economics	4	Simon Board
82	June 20, 2014 13:45-15:30	Hanson 1-111	Decision Theory	3	David Ahn
15	June 20, 2014 13:45-15:30	Carlson 2-233	Experimental Economics II	3	Aldo Rustichini
107	June 20, 2014 16:00-17:10	Hanson 1-102	Semi-Plenary: Cultural and Biological Approaches to Behavior	2	Thomas Holmes
137	June 20, 2014 16:00-17:10	Hanson 1-106	Semi-Plenary: Labor: Micro and Macro Approaches	2	Thomas Holmes
138	June 20, 2014 16:00-17:10	Hanson 1-104	Semi-Plenary: Econometrics	2	Thomas Holmes
105	June 20, 2014 17:30-18:30	Willey 175	The Walras-Bowley Lecture	1	Timothy Kehoe
74	June 21, 2014 8:15-10:00	Hanson 1-103	Microeconometrics I	4	Yuichi Kitamura
89	June 21, 2014 8:15-10:00	Hanson 1-107	Structural Models of Industries	4	Thomas Holmes
86	June 21, 2014 8:15-10:00	Hanson 1-109	Structural Labor	4	Eric French
8	June 21, 2014 8:15-10:00	Hanson 1-105	Urban and Housing Economics	4	Holger Sieg
48	June 21, 2014 8:15-10:00	Hanson 1-111	Technology and Productivity	3	Christopher Udry
95	June 21, 2014 8:15-10:00	Carlson 1-132	Capital Income Taxation	4	Juan Carlos Conesa
119	June 21, 2014 8:15-10:00	Carlson 1-135	Productivity and the Macroeconomy II	4	Timothy Kehoe
65	June 21, 2014 8:15-10:00	Carlson 1-143	International Trade and Factor Markets	4	Kim Ruhl
31	June 21, 2014 8:15-10:00	Carlson 1-149	Quantitative Macro	4	Motohiro Yogo
79	June 21, 2014 8:15-10:00	Carlson 2-224	Voting	3	Antonio Merlo
42	June 21, 2014 8:15-10:00	Carlson 2-213	Dynamic Incentives	4	Larry Samuelson
84	June 21, 2014 8:15-10:00	Carlson 2-219	Beliefs and Expected Utility in Markets	4	David Ahn
39	June 21, 2014 10:30-12:15	Hanson 1-103	Macroeconometrics	3	Ulrich Müller
28	June 21, 2014 10:30-12:15	Hanson 1-105	The Econometrics of IO and Games I	4	Elie Tamer
64	June 21, 2014 10:30-12:15	Hanson 1-107	Regulation, Search, and Pricing	4	Joel Waldfogel
57	June 21, 2014 10:30-12:15	Hanson 1-109	Labor	4	John Kennan
99	June 21, 2014 10:30-12:15	Carlson 1-132	Dynamics of Careers	4	Fatih Guvenen
55	June 21, 2014 10:30-12:15	Hanson 1-104	Informational Frictions and Macroeconomics	4	Manuel Amador
96	June 21, 2014 10:30-12:15	Carlson 1-135	Household Debt and Wealth	4	Juan Carlos Conesa
122	June 21, 2014 10:30-12:15	Carlson 1-127	Overlapping Generations in the Macroeconomy	4	Timothy Kehoe
66	June 21, 2014 10:30-12:15	Carlson 1-143	International Trade I	4	Kim Ruhl
22	June 21, 2014 10:30-12:15	Carlson 1-149	Firm Dynamics and Aggregate Outcomes	4	Julia Thomas
23	June 21, 2014 10:30-12:15	Carlson 2-224	Corporate Finance	4	Urban Jermann
44	June 21, 2014 10:30-12:15	Hanson 1-111	Repeated Interactions	4	Larry Samuelson
38	June 21, 2014 13:45-15:30	Hanson 1-103	Panel and Time Series Econometrics	3	Ulrich Müller
33	June 21, 2014 13:45-15:30	Hanson 1-105	Microeconometrics II	4	Kyoo il Kim
90	June 21, 2014 13:45-15:30	Hanson 1-107	Pricing Dynamics	4	Thomas Holmes
7	June 21, 2014 13:45-15:30	Carlson 1-132	Education and Human Capital	4	Holger Sieg
98	June 21, 2014 13:45-15:30	Carlson 1-135	Understanding Labor Market Outcomes	4	Fatih Guvenen
56	June 21, 2014 13:45-15:30	Hanson 1-109	Debt and Limited Commitment	4	Manuel Amador
68	June 21, 2014 13:45-15:30	Hanson 1-111	Taxation and the Macroeconomy	4	Fatih Guvenen
123	June 21, 2014 13:45-15:30	Carlson 1-143	Macroeconomic Theory I	4	Timothy Kehoe
24	June 21, 2014 13:45-15:30	Carlson 2-213	Finance	4	Urban Jermann
30	June 21, 2014 13:45-15:30	Carlson 1-127	Markets and Allocations in Developing Economies	4	Christopher Udry
128	June 21, 2014 13:45-15:30	Carlson 1-149	Business Cycles I	3	Timothy Kehoe
29	June 21, 2014 13:45-15:30	Carlson 2-219	Mechanism Design	4	David Rahman
53	June 21, 2014 13:45-15:30	Carlson 2-224	Equilibrium Models	4	Larry Samuelson
132	June 21, 2014 16:00-17:10	Hanson 1-102	Semi-Plenary: Industrial Organization	2	Thomas Holmes
135	June 21, 2014 16:00-17:10	Hanson 1-104	Semi-Plenary: Macroeconomics	2	Thomas Holmes
133	June 21, 2014 17:30-18:30	Willey 175	The Cowles Lecture	1	Timothy Kehoe
46	June 22, 2014 8:15-10:00	Hanson 1-103	The Econometrics of IO and Games II	4	Elie Tamer
80	June 22, 2014 8:15-10:00	Hanson 1-105	Pricing and Procurement: Data and Estimates	4	Thomas Holmes
10	June 22, 2014 8:15-10:00	Hanson 1-107	Health and Education	4	Holger Sieg
109	June 22, 2014 8:15-10:00	Hanson 1-109	Families and Labor Markets	4	Fatih Guvenen
102	June 22, 2014 8:15-10:00	Hanson 1-111	Taxing the Rich	4	Juan Carlos Conesa
112	June 22, 2014 8:15-10:00	Carlson 1-135	Sovereign Debt II	4	Timothy Kehoe
121	June 22, 2014 8:15-10:00	Carlson 1-136	Aggregate Demand and Stimulus	4	Timothy Kehoe
127	June 22, 2014 8:15-10:00	Carlson 1-142	Macro Finance	4	Timothy Kehoe
50	June 22, 2014 8:15-10:00	Carlson 1-143	Business Cycles in Emerging Economies	4	Fabrizio Perri
92	June 22, 2014 8:15-10:00	Carlson 1-127	Incentives	4	Simon Board
62	June 22, 2014 8:15-10:00	Carlson 1-132	Time Inconsistency	4	David Ahn
70	June 22, 2014 10:30-12:15	Hanson 1-103	Cartels and Productivity	4	James Schmitz
40	June 22, 2014 10:30-12:15	Hanson 1-105	Structural Models of Retirement and Insurance	4	Eric French
25	June 22, 2014 10:30-12:15	Hanson 1-111	Credit and Housing Markets	4	Motohiro Yogo
97	June 22, 2014 10:30-12:15	Hanson 1-107	Heterogeneity and Inequality Across Space and Time	4	Fatih Guvenen
113	June 22, 2014 10:30-12:15	Hanson 1-109	International Trade II	4	Timothy Kehoe
13	June 22, 2014 10:30-12:15	Carlson 1-127	Financial Intermediation and the Macroeconomy	3	Motohiro Yogo
125	June 22, 2014 10:30-12:15	Carlson 1-132	Advances in Development Economics	4	Timothy Kehoe
130	June 22, 2014 10:30-12:15	Carlson 1-135	Business Cycles II	4	Timothy Kehoe
129	June 22, 2014 10:30-12:15	Carlson 1-142	Macroeconomic Theory II	4	Timothy Kehoe
93	June 22, 2014 10:30-12:15	Carlson 1-143	Information Manipulation	3	David Rahman

 

125 sessions, 470 papers, and 0 presentations with no associated papers

2014 North American Summer Meeting of the Econometric Society
Detailed List of Sessions

Session ID 36: Financial Econometrics June 19, 2014 13:45 to 15:30 Carlson L-118
Session Organizer: Ulrich Müller, Princeton University
Session Chair: Natalia Sizova, Rice University
Testing Self Excitation in Jumps
By Xiye Yang; University of Amsterdam
Presented by: Xiye Yang, University of Amsterdam
Stock Market Volatility: Identifying Major Drivers and Their Impact
By Stefan Mittnik; Universität München Nikolay Robinzonov; University of Munich Martin Spindler; Massachusetts Institute of Technology
Presented by: Nikolay Robinzonov, University of Munich
Efficient Tests for Long-Run Predictability: Do Long-Run Relations Convey Extra Information?’
By Natalia Sizova; Rice University
Presented by: Natalia Sizova, Rice University
Session ID 47: Semiparametric Econometrics June 19, 2014 13:45 to 15:30 Carlson L-122
Session Organizer: Elie Tamer, Northwestern
Session Chair: Graciela Sanroman, UDELAR
Identifying the Distribution of Treatment Effects under Support Restrictions
By Ju Hyun Kim
Presented by: Ju Hyun Kim, Columbia University
Semiparametric Efficient Estimation of Quantile Treatment Effect in A Partial Linear Model with Binary Endogenous Treatment
By Yichong Zhang; Duke University
Presented by: Yichong Zhang, Duke University
Estimation of Semiparametric Single-Index Models with Covariates Having Unbounded Support
By Chuan Goh; University of Wisconsin-Milwaukee
Presented by: Chuan Goh, University of Wisconsin-Milwaukee
Assessing functional form specifications for the Unconditional Quantile Partial Effects in the GMM Framework
By Sergio Firpo; Fundacao Getulio Vargas Cristine Pinto; São Paulo School of Economics, FGV Graciela Sanroman; UDELAR
Presented by: Graciela Sanroman, UDELAR
Session ID 85: Workers and Firms June 19, 2014 13:45 to 15:30 Carlson L-126
Session Organizer: Eric French, UCL
Session Chair: Ryan Michaels, University of Rochester
Evolution of Inequality within Firms
By Jae Song; Social Security Administration David Price; Stanford University Fatih Guvenen; University of Minnesota Nick Bloom; Stanford & CEP
Presented by: David Price, Stanford University
Unobserved Worker Quality and Inter-Industry Wage Differentials
By Suqin Ge; Virginia Tech Joao Macieira; Virginia Tech
Presented by: Suqin Ge, Virginia Tech
Home Production Technology and Time Allocation - Empirics, Estimation and Implications
By Lei Fang; Federal Resereve Bank of Atlanta Guozhong Zhu; Peking University
Presented by: Lei Fang, Federal Resereve Bank of Atlanta
Labor supply within the firm: Evidence and implications
By Ryan Michaels; University of Rochester
Presented by: Ryan Michaels, University of Rochester
Session ID 63: Regulation and Efficiency June 19, 2014 13:45 to 15:30 Carlson L-114
Session Organizer: Joel Waldfogel, University of Minnesota
Session Chair: Maria Ana Vitorino, University of Minnesota
Efficiency Gains from Removing Entry and Price Controls: Evidence from a Change in Regulation
By Katja Seim; University of Pennsylvania Maria Ana Vitorino; University of Minnesota
Presented by: Maria Ana Vitorino, University of Minnesota
Why is Productivity Correlated with Competition?
By Matthew Backus; Cornell University
Presented by: Matthew Backus, Cornell University
Entry Models Applied to Churches: Could Protestants Use a Catholic Bishop to Solve Excess Entry?
By Michael Walrath; University of St. Thomas
Presented by: Michael Walrath, University of St. Thomas
Conflicting Interests in Retail Finance: How do Brokers Influence Consumer Search?
By Mark Egan; University of Chicago
Presented by: Mark Egan, University of Chicago
Session ID 37: General Equilibrium Models of Social Security and Health Insurance June 19, 2014 13:45 to 15:30 Carlson 1-149
Session Organizer: Eric French, UCL
Session Chair: Selahattin Imrohoroglu, University of Southern California
Old, Sick, Alone and Poor: A Welfare Analysis of Old-Age Social Insurance Programs
By Karen Kopecky; Federal Reserve Bank of Atlanta R. Anton Braun; Federal Reserve Bank of Atlanta Tatyana Koreshkova; Concordia University
Presented by: Karen Kopecky, Federal Reserve Bank of Atlanta
Work Incentives of Medicaid Beneficiaries and the Role of Asset Testing
By Svetlana Pashchenko; Uppsala University Ponpoje (Poe) Porapakkarm; University of Macau
Presented by: Svetlana Pashchenko, Uppsala University
Social Security Actuarial Balance in General Equilibrium
[slides]
By Selahattin Imrohoroglu; University of Southern California Shinichi Nishiyama; Congressional Budget Office
Presented by: Selahattin Imrohoroglu, University of Southern California
Session ID 54: Misallocation and Productivity June 19, 2014 13:45 to 15:30 Hanson 1-107
Session Organizer: Manuel Amador, Federal Reserve Bank of Minneapolis
Session Chair: jose rodriguez mora, university of edinburgh
Adverse Selection, Slow Moving Capital and Misallocation
By William Fuchs; University of California - Berkeley Brett Green; UC Berkeley--Haas School of Business Dimitris Papanikolaou; Northwestern University
Presented by: Brett Green, UC Berkeley--Haas School of Business
The Economy of People’s Republic of China from 1953
By Anton Cheremukhin; Federal Reserve Bank of Dallas Mikhail Golosov; Princeton Sergei Guriev; Sciences Po Aleh Tsyvinski; Yale University
Presented by: Anton Cheremukhin, Federal Reserve Bank of Dallas
Information, Misallocation and Aggregate Productivity
By Joel David; USC Hugo A. Hopenhayn; UCLA Venky Venkateswaran; NYU Stern School of Business
Presented by: Joel David, USC
The Joint Determination of TFP and Financial Sector Size
[slides]
By jose rodriguez mora; university of edinburgh
Presented by: jose rodriguez mora, university of edinburgh
Session ID 43: Gains from International Trade I June 19, 2014 13:45 to 15:30 Hanson 1-106
Session Organizer: Kim Ruhl, New York University Stern School of Busi
Session Chair: Kim Ruhl, New York University Stern School of Busi
Trade Liberalization, Internal Migration and Regional Income Differences: Evidence from China
By Trevor Tombe; University of Calgary Xiaodong Zhu; University of Toronto
Presented by: Trevor Tombe, University of Calgary
Measuring the Unequal Gains From Trade
By Pablo Fajgelbaum; UCLA Amit Khandelwal; Columbia Business School
Presented by: Pablo Fajgelbaum, UCLA
(Micro and Macro) Trade Adjustment Dynamics and the Welfare Gains from Trade
By George Alessandria; Federal Reserve Bank of Philadelphia Horag Choi; Monash University Kim Ruhl; New York University Stern School of Busi
Presented by: Kim Ruhl, New York University Stern School of Busi
Regions are not countries: a new approach to the border effect
By David Comerford; University of Stirling jose rodriguez mora; university of edinburgh
Presented by: David Comerford, University of Stirling
Session ID 58: Taxes, Money, and Inflation June 19, 2014 13:45 to 15:30 Hanson 1-105
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Juan Nicolini, Federal Reserve Bank of Minneapolis
Government Financing with Taxes or Inflation
By Bernardino Adao; Banco de Portugal Andre Silva; Universidade Nova de Lisboa
Presented by: Andre Silva, Universidade Nova de Lisboa
The Expected Inflation Channel of Government Spending in the Postwar U.S.
By Bill Dupor; Federal Reserve Bank of St. Louis Rong Li; The Ohio State University
Presented by: Bill Dupor, Federal Reserve Bank of St. Louis
Optimal investment taxes and efficient market provision of liquidity in the Diamond-Dybvig model
By Borys Grochulski; Federal Reserve Bank of Richmond Yuzhe Zhang; Texas A&M University
Presented by: Borys Grochulski, Federal Reserve Bank of Richmond
On the Stability of Money Demand
By Robert Lucas; University of Chicago Juan Nicolini; Federal Reserve Bank of Minneapolis
Presented by: Juan Nicolini, Federal Reserve Bank of Minneapolis
Session ID 110: Household Debt and the Business Cycle June 19, 2014 13:45 to 15:30 Carlson 2-228
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Steven Gjerstad, Chapman University
Bargaining Over Mortgages: A Quantitative Analysis of HAMP
By David Benjamin; SUNY Buffalo Xavier Mateos-Planas; Queen Mary University of London
Presented by: David Benjamin, SUNY Buffalo
The role of household debt in the macro-economy: a cross-country structural VAR study
By Paul Corrigan; Bank of Canada
Presented by: Paul Corrigan, Bank of Canada
Asset Performance: Housing and the Great Recession
By Steven Gjerstad; Chapman University Vernon Smith; Chapman University
Presented by: Steven Gjerstad, Chapman University
The Great Housing Boom of China
By Kaiji Chen; Emory University Yi Wen; Federal Reserve Bank of St. Louis
Presented by: Kaiji Chen, Emory University
Session ID 124: Monetary Policy I June 19, 2014 13:45 to 15:30 Carlson 1-127
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Gaetano Antinolfi, Washington University in Saint Louis
Liquidity Traps and self defeating policies
By Roberto Piazza
Presented by: Roberto Piazza, Bank of Italy
Monetary Policy and Global Equilibria in an Economy with Capital
By Andreas Hornstein; Federal Reserve Bank of Richmond Tim Hursey; University of Pennsylvania Alexander Wolman; Federal Reserve Bank of Richmond
Presented by: Andreas Hornstein, Federal Reserve Bank of Richmond
The Optimal Degree of Discretion in Monetary Policy in a New Keynesian Model with Private Information
By Richard Dennis; University of Glasgow Ippei Fujiwara; Australian National University Yuichiro Waki; University of Queensland
Presented by: Yuichiro Waki, University of Queensland
Optimal Monetary Policy Under Incomplete Financial Markets when Money is Essential
By Gaetano Antinolfi; Washington University in Saint Louis Enrique Kawamura; Universidad de San Andrés
Presented by: Gaetano Antinolfi, Washington University in Saint Louis
Session ID 14: Capital Markets and Investment June 19, 2014 13:45 to 15:30 Carlson 1-132
Session Organizer: Motohiro Yogo, Federal Reserve Bank of Minneapolis
Session Chair: Santiago Bazdresch, University of Minnesota
The Effects of Government Intervention in Financial Market on the Real Economy
By Jinfei Sheng; University of British Columbia
Presented by: Jinfei Sheng, University of British Columbia
Financial Frictions and Reaction of Stock Prices to Monetary Policy Shocks
By Ali Ozdagli; Federal Reserve Bank of Boston
Presented by: Ali Ozdagli, Federal Reserve Bank of Boston
Common Factors in Corporate Capital Structure
By Murray Frank; University of Minnesota Tao SHEN; Tsinghua University
Presented by: Murray Frank, University of Minnesota
Empirical Policy Function Benchmarks for Evaluation and Estimation of Dynamic Models
By Santiago Bazdresch; University of Minnesota Jay Kahn; University of Rochester Toni Whited; University of Rochester
Presented by: Santiago Bazdresch, University of Minnesota
Session ID 83: Social Choice and Voting June 19, 2014 13:45 to 15:30 Hanson 1-109
Session Organizer: David Ahn, University of California at berkeley
Session Chair: Shaofang Qi, Syracuse University
Mixed-Nash Implementation: A Full Characterization
[slides]
By Yoshifumi Yokota; Waseda University
Presented by: Yoshifumi Yokota, Waseda University
Voting in the Limelight
By Ronen Gradwohl; Northwestern University
Presented by: Ronen Gradwohl, Northwestern University
Dynamically Consistent Voting Rules
[slides]
By Madhav Chandrasekher; Arizona State University
Presented by: Madhav Chandrasekher, Arizona State University
Paretian Partial Orders: The Two-Agent Case
By Shaofang Qi; Syracuse University
Presented by: Shaofang Qi, Syracuse University
Session ID 11: Contract Design June 19, 2014 13:45 to 15:30 Hanson 1-111
Session Organizer: Simon Board, University of California - Los Angeles
Session Chair: Ricardo Serrano-Padial, University of Wisconsin - Madison
Repeated Bargaining: A Mechanism Design Approach
By Rohit Lamba; Princeton University
Presented by: Rohit Lamba, Princeton University
Revenue Management without commitment
By Francesc Dilme; University of Pennsylvania Fei Li; University of North Carolina at Chapel Hill
Presented by: Fei Li, University of North Carolina at Chapel Hill
Search Deterrence
By Jidong Zhou; NYU Stern School of Business Mark Armstrong; University of Oxford
Presented by: Jidong Zhou, NYU Stern School of Business
Modeling the Credit Card Revolution: \newline The Role of Debt Collection and Informal Bankruptcy
By Lukasz Drozd; Wharton School of the University of Pennsylvania Ricardo Serrano-Padial; University of Wisconsin - Madison
Presented by: Ricardo Serrano-Padial, University of Wisconsin - Madison
Session ID 16: Experimental Economics I June 19, 2014 13:45 to 15:30 Carlson 2-233
Session Organizer: Aldo Rustichini, University of Minnesota
Session Chair: Martin Schonger, ETH Zurich
An Experimental Study of Uncertainty in Coordination Games
[slides]
By Christos Ioannou; University of Southampton Miltiadis Makris; University of Southampton
Presented by: Christos Ioannou, University of Southampton
Cursed beliefs with common-value public goods
By Caleb Cox; Durham University Business School
Presented by: Caleb Cox, Durham University Business School
On the Dynamics of Contributions and Beliefs in Repeated Public Good Games
By Alexander Smith; Worcester Polytechnic Institute (WPI)
Presented by: Alexander Smith, Worcester Polytechnic Institute (WPI)
AMBIGUITY AVERSION WITH THREE OUTCOMES - EXPERIMENTAL EVIDENCE
By Daniel Chen; ETH Zurich Martin Schonger; ETH Zurich
Presented by: Martin Schonger, ETH Zurich
Session ID 101: Semi-Plenary: International Trade June 19, 2014 16:00 to 17:10 Anderson 370
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Timothy Kehoe, University of Minnesota
External Integration, Structural Transformation and Internal Development: Evidence from Argentina 1870-1914
By Pablo Fajgelbaum; UCLA Stephen Redding; Princeton University
Presented by: Stephen Redding, Princeton University
The Margins of Global Sourcing
By Pol Antras; Harvard University
Presented by: Pol Antras, Harvard University
Session ID 104: Semi-Plenary: International Macroeconomics June 19, 2014 16:00 to 17:10 Anderson 270
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Manuel Amador, Federal Reserve Bank of Minneapolis
Sovereign Debt Maturity Choice under the Threat of Default
By Mark Aguiar; Princeton University
Presented by: Mark Aguiar, Princeton University
Debt Constraints and Unemployment
By Patrick Kehoe; University of Minnesota Virgiliu Midrigan; New York University Elena Pastorino; University of Minnesota
Presented by: Patrick Kehoe, University of Minnesota
Session ID 136: Semi-Plenary: Incentives June 19, 2014 16:00 to 17:10 Anderson 210
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: David Rahman, University of Minnesota
Moral Hazard and Long-Run Incentives
By Yuliy Sannikov; Princeton University
Presented by: Yuliy Sannikov, Princeton University
Risking Other People’s Money: Gambling, Limited Liability, and Optimal Incentives
By Peter DeMarzo; Stanford University Dmitry Livdan; Berkeley-Haas Alexei Tchistyi; Haas School of Business, UC Berkeley
Presented by: Peter DeMarzo, Stanford University
Session ID 134: The Leo Hurwicz Lecture June 19, 2014 17:30 to 18:30 Willey 175
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Varadarajan Chari, University of Minneapolis
Markov Equilibrium
By Eric Maskin; Harvard University
Presented by: Eric Maskin, Harvard University
Session ID 73: High-dimensional econometric models June 20, 2014 8:15 to 10:00 Hanson 1-103
Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Nicolas Debarsy, Université d'Orléans
Large Panel Test of Factor Pricing Models
By Jianqing Fan; Princeton University Yuan Liao; University of Maryland Jiawei Yao; Princeton University
Presented by: Yuan Liao, University of Maryland
Econometric Estimation with High-Dimensional Moment Equalities
By Zhentao Shi; Yale University
Presented by: Zhentao Shi, Yale University
L2Boosting for Optimal Instrumental Variable Selection
By Martin Spindler; MIT
Presented by: Martin Spindler, MIT
Large sample properties of the matrix exponential spatial specication with an application to FDI
By Nicolas Debarsy; Université d'Orléans Fei Jin; Shanghai University of Finance and Economics Lung-fei Lee; Ohio State University
Presented by: Nicolas Debarsy, Université d'Orléans
Session ID 17: Demand June 20, 2014 8:15 to 10:00 Hanson 1-104
Session Organizer: Amil Petrin, University of Minnesota
Session Chair: Andrew Ching, University of Toronto
A Dynamic Model of Price Signalling, Consumer Learning and Price Adjustment
By Matthew Osborne; University of Toronto Adam Shapiro; Federal Reserve Bank of San Francisco
Presented by: Matthew Osborne, University of Toronto
I've Got You Babe: Welfare Effects of the Sonny Bono Copyright Term Extension Act of 1998
By Imke Reimers; NBER & Northeastern University
Presented by: Imke Reimers, NBER & Northeastern University
Simultaneous or Sequential? Search Strategies in the U.S. Auto Insurance Industry
By Elisabeth Honka; The University of Texas at Dallas Pradeep Chintagunta; University of Chicago
Presented by: Pradeep Chintagunta, University of Chicago
Dynamic Demand for New and Used Durable Goods without Physical Depreciation: The Case of Japanese Video Games
By Masakazu Ishihara; New York University Andrew Ching; University of Toronto
Presented by: Andrew Ching, University of Toronto
Session ID 139: Pricing and Industries June 20, 2014 8:15 to 10:00 Hanson 1-105
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Zhu Wang, Federal Reserve Bank of Richmond
Zone Pricing and Strategic Interaction: Evidence from Drywall
By Brian Adams; California State University, East Bay Kevin Williams; University of Minnesota
Presented by: Brian Adams, California State University, East Bay
Discounts as a Barrier to Entry
By Nicolas Figueroa; Pontificia Universidad Catolica de Chile
Presented by: Nicolas Figueroa, Pontificia Universidad Catolica de Chile
Quantity Discounts and Capital Misallocation in Vertical Relationships
By Ken ONISHI; Northwestern University
Presented by: Ken Onishi, Northwestern University
Market Frictions and Payments System Evolution
By Jamie McAndrews; Federal Reserve Bank of New York Zhu Wang; Federal Reserve Bank of Richmond
Presented by: Zhu Wang, Federal Reserve Bank of Richmond
Session ID 87: Topics in Labor and Human Capital June 20, 2014 8:15 to 10:00 Hanson 1-107
Session Organizer: Eric French, UCL
Session Chair: Aaron Sojourner, University of Minnesota
Health, Human Capital, and Domestic Violence
By Nicholas Papageorge; Johns Hopkins University Gwyn Pauley; Johns Hopkins University Barton Hamilton; Washington University Robert Pollak; Washington University
Presented by: Gwyn Pauley, Johns Hopkins University
Mandatory Retirement and the Consumption Puzzle: Price Decline or Quantity Decline?
By Yingying Dong; University of California Irvine Dennis Yang; University of Virginia
Presented by: Dennis Yang, University of Virginia
The Right Stuff? Personality and Entrepreneurship
By Barton Hamilton; Washington University Nidhi Pande; TERI University Nicholas Papageorge; Johns Hopkins University
Presented by: Nicholas Papageorge, Johns Hopkins University
Early Production of Cognitive Skill
By Aaron Sojourner; University of Minnesota Juan Chaparro; University of Minnesota Greg Duncan; University of California, Irvine
Presented by: Aaron Sojourner, University of Minnesota
Session ID 59: Ageing and Macroeconomics June 20, 2014 8:15 to 10:00 Carlson 1-142
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Roozbeh Hosseini, Arizona State University
Fiscal Policy Effects in a Heterogeneous-Agent Overlapping-Generations Economy with an Aging Population
By Shinichi Nishiyama; Congressional Budget Office
Presented by: Shinichi Nishiyama, Congressional Budget Office
Optimal Social Security Reforms: a Bayesian Quantitative Analysis
By Marco Cozzi; Queen's University
Presented by: Marco Cozzi, Queen's University
Differential Mortality and Progressivity of Social Security
By Roozbeh Hosseini; Arizona State University Ali Shourideh; University of Pennsylavnia
Presented by: Roozbeh Hosseini, Arizona State University
GENERATIONAL RISK--IS IT A BIG DEAL?: SIMULATING AN 80-PERIOD OLG MODEL WITH AGGREGATE SHOCKS
By Jasmina Hasanhodzic; Boston University Laurence Kotlikoff; Boston University
Presented by: Jasmina Hasanhodzic, Boston University
Session ID 67: Advances in Macro Labor June 20, 2014 8:15 to 10:00 Carlson 2-213
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: Fatih Guvenen, University of Minnesota
The Impact of Consumer Credit Access on Unemployment
By Kyle Herkenhoff; UCLA
Presented by: Kyle Herkenhoff, UCLA
Earnings losses and labor mobility over the lifecycle
By Moritz Kuhn; University of Bonn Philip Jung; Bonn University
Presented by: Moritz Kuhn, University of Bonn
Cyclical Reallocation of Workers Across Large and Small Employers
By John Haltiwanger; University of Maryland Henry Hyatt; US Census Bureau Erika McEntarfer; US Census Bureau
Presented by: Henry Hyatt, US Census Bureau
A Bayesian Approach to Imputing a Consumption-Income Panel Using the PSID and CEX
By Matthew Smith; Hutchin Hill Capital Christopher Tonetti; Stanford GSB
Presented by: Christopher Tonetti, Stanford GSB
Session ID 5: Asset Pricing June 20, 2014 8:15 to 10:00 Carlson 2-224
Session Organizer: Urban Jermann, University of Pennsylvania
Session Chair: Rodolfo Prieto, Boston University
Who bears firm-level risk? Implications for cash flow volatility
By Xiaolan Zhang; UCLA, Anderson School of Management
Presented by: Xiaolan Zhang, UCLA, Anderson School of Management
Asset Pricing with Entry and Imperfect Competition
By Erik Loualiche; MIT Sloan School of Management
Presented by: Erik Loualiche, MIT Sloan School of Management
Value or Growth? Pricing of Idiosyncratic Cash Flow Risk with Heterogeneous Beliefs
[slides]
By Hogyu Jhang; Texas A&M University Hwagyun Kim; Texas A&M University Michael Gallmeyer; University of Virginia
Presented by: Hogyu Jhang, Texas A&M University
Asset pricing with arbitrage activity
By Julien Hugonnier; EPFL Rodolfo Prieto; Boston University
Presented by: Rodolfo Prieto, Boston University
Session ID 49: International Capital Flows I June 20, 2014 8:15 to 10:00 Carlson 2-233
Session Organizer: Fabrizio Perri, Federal Reserve Bank of Minneapolis
Session Chair: Ina Simonovska, University of California, Davis
"Explaining World Savings"
By Colin Caines; University of British Columbia Amartya Lahiri; University of British Columbia
Presented by: Colin Caines, University of British Columbia
International Capital Flows and the Boom-Bust Cycle in Spain
By Robert Kollmann; ECARES, Université Libre de Bruxelles & CEPR Jan in 't Veld; European Commission Beatrice Pataracchia; European Commission -Joint Research Centre Marco Ratto; European Commission - Joint Research Centre Werner Roeger; European Commission
Presented by: Robert Kollmann, ECARES, Université Libre de Bruxelles & CEPR
Uncertainty, Capital Flows, and Maturity Mismatch
By Nathan Converse; Federal Reserve Board
Presented by: Nathan Converse, Federal Reserve Board
The Risky Capital of Emerging Markets
[slides]
By Joel David; USC Espen Henriksen; UC Davis Ina Simonovska; University of California, Davis
Presented by: Ina Simonovska, University of California, Davis
Session ID 111: Inequality June 20, 2014 8:15 to 10:00 Carlson 1-132
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Manoj Atolia, Florida State University
Reducing Government Debt in the Presence of Inequality
[slides]
By Sigrid Roehrs; Goethe University Frankfurt Christoph Winter; University of Zurich
Presented by: Sigrid Roehrs, Goethe University Frankfurt
Does Redistribution Increase Output? The Centrality of Labor Supply
By Kartik Athreya; Federal Reserve Bank of Richmond Andrew Owens; Federal Reserve Bank of Richmond Felipe Schwartzman; FRB - Richmond
Presented by: Felipe Schwartzman, FRB - Richmond
The Curious Incident of Top-End Luxury Imports during the Top-Income Surge
[slides]
By Pau Pujolas; McMaster University Michael Veall; McMaster University
Presented by: Michael Veall, McMaster University
Fixed Costs, Task Variety, and Skill Flexibility: A Simple Uni fied Theory of Below- and Within-top Inequality
By Manoj Atolia; Florida State University Yoshinori Kurokawa; University of Tsukuba
Presented by: Manoj Atolia, Florida State University
Session ID 126: Monetary Policy II June 20, 2014 8:15 to 10:00 Carlson 1-135
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Roberto Billi, Sveriges Riksbank
Monetary Policy Rules and the Equity Premium
By Yulei Peng; Texas A&M University Anastasia Zervou; Texas A&M University
Presented by: Yulei Peng, Texas A&M University
Persistent Monetary Non-neutrality in an Estimated Model with Menu Costs and Partially Costly Information
By Marco Bonomo; Insper Institute of Education and Research Carlos Carvalho; Pontificia Universidade Catolica do Rio Rene Garcia; EDHEC Business School Vivian Malta; BTG Pactual
Presented by: Marco Bonomo, Insper Institute of Education and Research
What Explains Japan's Persistent Deflation?
By Carlos Carvalho; Pontificia Universidade Catolica do Rio Andrea Ferrero; University of Oxford
Presented by: Carlos Carvalho, PUC-Rio
Nominal GDP Targeting and the Zero Lower Bound: Should We Abandon Inflation Targeting?
[slides]
By Roberto Billi; Sveriges Riksbank
Presented by: Roberto Billi, Sveriges Riksbank
Session ID 76: Corruption and conflict June 20, 2014 8:15 to 10:00 Hanson 1-111
Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Tymofiy Mylovanov, University of Pittsburgh
A Network Theory of Military Alliances
By Yuke Li; Yale University
Presented by: Yuke Li, Yale University
Urban Ethnic Conflicts
By Pathikrit Basu; Pennsylvania State University Souvik Dutta; The Pennsylvania State University Suraj Shekhar; Pennsylvania State University
Presented by: Suraj Shekhar, Pennsylvania State University
Networks of Military Alliances, Wars, and International Trade
By Matthew Jackson; Stanford University Stephen Nei; Stanford University
Presented by: Stephen Nei, Stanford University
Musical Chairs
By Tymofiy Mylovanov; University of Pittsburgh
Presented by: Tymofiy Mylovanov, University of Pittsburgh
Session ID 19: Contracting June 20, 2014 8:15 to 10:00 Hanson 1-109
Session Organizer: Larry Samuelson, Yale University
Session Chair: J. Aislinn Bohren, University of Pennsylvania
Incentives for Motivated Experts in a Partnership
By Ting Liu; Stony Brook University Ching-to Ma; Boston University Henry Mak; Indiana University-Purdue University Indianapolis
Presented by: Henry Mak, Indiana University-Purdue University Indianapolis
Persuasive Signalling
By Arianna Degan; University of Quebec at Montreal Ming Li; Concordia University
Presented by: Ming Li, Concordia University
Spot Market Incentives: Optimal Contract Design with Unverifiable Output
By J. Aislinn Bohren; University of Pennsylvania
Presented by: J. Aislinn Bohren, University of Pennsylvania
Optimal Delegation Under Uncertain Bias
By Noam Tanner; Yale University
Presented by: Noam Tanner, Yale University
Session ID 32: Information and Interdependence June 20, 2014 8:15 to 10:00 Hanson 1-106
Session Organizer: David Rahman, University of Minnesota
Session Chair: Michael Peters, University of British Columbia
The Social Risk of Innovation
By Umberto Garfagnini; ITAM
Presented by: Umberto Garfagnini, ITAM
Prejudice and Competitive Signaling
By Sue Mialon; Emory University
Presented by: Sue Mialon, Emory University
Cooperative Institutions
By Piotr Evdokimov; University of Minnesota David Rahman; University of Minnesota
Presented by: Piotr Evdokimov, University of Minnesota
Digital Markets
By Michael Peters; University of British Columbia
Presented by: Michael Peters, University of British Columbia
Session ID 27: Partial Identification June 20, 2014 10:30 to 12:15 Hanson 1-103
Session Organizer: Elie Tamer, Northwestern
Session Chair: Jing Tao, University of Wisconsin-Madison
Partial Identification and Inference in Censored Quantile Regression: A Sensitivity Analysis
By Yanqin Fan; University of Washington Ruixuan Liu; University of Washington
Presented by: Ruixuan Liu, University of Washington
Inference for Projections of Identified Sets
By Hiroaki Kaido; Boston University Francesca Molinari; Cornell University Joerg Stoye; Cornell University
Presented by: Joerg Stoye, Cornell University
Inference for Functions of Parameters Defined by Moment Inequality Models
By Federico Bugni; Duke University Ivan Canay; Northwestern University Xiaoxia Shi; University of Wisconsin Madison
Presented by: xiaoxia shi, University of Wisconsin at Madison
A Nonparametric Conditional Moment Test of Functional Form with Partial Identification
By Jing Tao; University of Wisconsin-Madison
Presented by: Jing Tao, University of Wisconsin-Madison
Session ID 78: Employment and Wage Dynamics June 20, 2014 10:30 to 12:15 Hanson 1-102
Session Organizer: Eric French, UCL
Session Chair: Elena Pastorino, University of Minnesota
Occupational Mobility and Wage Dynamics Within and Between Firms
By Francis Kramarz; CREST Fabien Postel-Vinay; University College London Jean-Marc Robin; Sciences-Po
Presented by: Fabien Postel-Vinay, University College London
Optimal Wage-Tenure Contracts with Hidden Search
By Rasmus Lentz; University of Wisconsin-Madison
Presented by: Rasmus Lentz, University of Wisconsin-Madison
An Equilibrium Model of Wage Dispersion and Sorting
By Jesper Bagger; Royal Holloway, University of London Rasmus Lentz; University of Wisconsin-Madison
Presented by: Jesper Bagger, Royal Holloway, University of London
Marriage Dynamics, Earnings Dynamics, and Lifetime Family Income
By Joseph Altonji; Yale University Ivan Vidangos; Federal Reserve Board
Presented by: Ivan Vidangos, Federal Reserve Board
Session ID 69: Span of Control and Productivity June 20, 2014 10:30 to 12:15 Hanson 1-105
Session Organizer: James Schmitz, Federal Reserve Bank of Minneapolis
Session Chair: James Schmitz, Federal Reserve Bank of Minneapolis
PERFORMANCE, CAREER DYNAMICS, AND SPAN OF CONTROL
By valerie smeets; Aarhus School of Business Michael Waldman; Cornell University Frederic Warzynski; Aarhus School of Business
Presented by: Frederic Warzynski, Aarhus School of Business
Airline Pricing and Span of Control
By Kevin Williams; University of Minnesota
Presented by: Kevin Williams, Yale University
Land Reform and Productivity: A Quantitative Analysis with Micro Data
By Tasso Adamopoulos; York University Diego Restuccia; University of Toronto
Presented by: Tasso Adamopoulos, York University
Productivity losses from Dental Cartels
By Timothy Dunne; Federal Reserve Bank Of Atlanta Kyle Herkenhoff; UCLA James Schmitz; Federal Reserve Bank of Minneapolis
Presented by: James Schmitz, Federal Reserve Bank of Minneapolis
Session ID 9: Topics in Empirical IO June 20, 2014 10:30 to 12:15 Hanson 1-107
Session Organizer: Holger Sieg, University of Pennsylvania
Session Chair: Michael Sinkinson , Wharton, UPenn
Advertising Competition in the Prescription Drug Market
By Michael Sinkinson ; Wharton, UPenn Amanda Starc; Wharton
Presented by: Michael Sinkinson , Wharton, UPenn
Intertemporal Price Discrimination with Complementary Product: An Empirical Analysis of E-book and E-reader
By Hui Li; University of Pennsylvania
Presented by: Hui Li, University of Pennsylvania
The Economics of Debt Collection: Enforcement of Consumer Credit Contracts
By Viktar Fedaseyeu; Bocconi University Robert Hunt; Federal Reserve Bank of Philadelphia
Presented by: Robert Hunt, Federal Reserve Bank of Philadelphia
Payment Choice and the Future of Currency: Insights from Two Billion Retail Transactions
By Zhu Wang; Federal Reserve Bank of Richmond Alexander Wolman; Federal Reserve Bank of Richmond
Presented by: Alexander Wolman, Federal Reserve Bank of Richmond
Session ID 77: Theoretical and empirical models of legislative bargaining June 20, 2014 10:30 to 12:15 Carlson L-126
Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Yumi Koh, University of Pennsylvania
A Bargaining Model of Endogenous Procedures
By Daniel Diermeier; Northwestern University Carlo Prato; Georgetown University Razvan Vlaicu; University of Maryland
Presented by: Razvan Vlaicu, University of Maryland
Ideology vs. Pork: Government Formation in Parliamentary Systems
By Lin Hu; Arizona State University
Presented by: Lin Hu, Arizona State University
Logrolling and Inefficiency in Distributive Politics
By Yumi Koh; University of Pennsylvania
Presented by: Yumi Koh, University of Pennsylvania
Session ID 108: Labor Markets: National and International June 20, 2014 10:30 to 12:15 Carlson 2-224
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: Fatih Guvenen, University of Minnesota
International Home Productivity
[slides]
By Benjamin Bridgman; U.S. Bureau of Economic Analysis
Presented by: Benjamin Bridgman, U.S. Bureau of Economic Analysis
INNOVATION AND HUMAN CAPITAL WITHIN FIRM: EVIDENCE AND THEORY FROM ITALY
By Fabrizio Colonna; Bank of Italy
Presented by: Fabrizio Colonna, Bank of Italy
Occupational Hazards and Social Disability Insurance
By Amanda Michaud; Indiana University David Wiczer; FRB St. Louis
Presented by: Amanda Michaud, Indiana University
Wage Bargaining, Employment, and Union Power: The Right-to-Manage Approach
By Volker Böhm; Universität Bielefeld Oliver Claas; Bielefeld University
Presented by: Oliver Claas, Bielefeld University
Session ID 21: Default in Quantitative Macroeconomic Models June 20, 2014 10:30 to 12:15 Hanson 1-106
Session Organizer: Julia Thomas, The Ohio State University
Session Chair: Julia Thomas, The Ohio State University
Optimal Domestic Sovereign Default
By Pablo D'Erasmo; University of Maryland / FRB Philadelphi Enrique Mendoza; University of Pennsylvania
Presented by: Pablo D'Erasmo, University of Maryland / FRB Philadelphia
Leverage Bounds with Default and Asymmetric Information
By Radim Bohacek; CERGE-EI
Presented by: Radim Bohacek, CERGE-EI
Reorganization or Liquidation: Bankruptcy Choices and Firm Dynamics
By Dean Corbae; University of Wisconsin
Presented by: Dean Corbae, University of Wisconsin
Credit Shocks in an Economy with Heterogeneous Firms and Default
By Aubhik Khan; Ohio State University Tatsuro Senga; The Ohio State University Julia Thomas; The Ohio State University
Presented by: Julia Thomas, The Ohio State University
Session ID 61: Optimal Fiscal Policy June 20, 2014 10:30 to 12:15 Carlson 2-213
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Juan Carlos Conesa, Stony Brook University
Optimal Taxation in a Life-Cycle Economy with Endogenous Human Capital Formation
[slides]
By Marek Kapicka; University of California Santa Barbara Julian Neira; University of Exeter
Presented by: Julian Neira, University of Exeter
TASKS, TALENTS, AND TAXES
By Laurence Ales; Carnegie Mellon University Musab Kurnaz; Carnegie Mellon University, Tepper School of Business Christopher Sleet; Carnegie Mellon University
Presented by: Laurence Ales, Carnegie Mellon University
Sustaining Ramsey outcomes with one period bonds
By Juan Carlos Conesa; Stony Brook University Begona Dominguez; University of Queensland
Presented by: Juan Carlos Conesa, Stony Brook University
Session ID 117: Productivity and the Macroeconomy I June 20, 2014 10:30 to 12:15 Carlson 2-233
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Max Gillman, University of Missouir, St Louis
The Economic Effects of Scientific Shocks
By Ruben Gaetani; Northwestern University Matteo Li Bergolis; Northwestern University
Presented by: Ruben Gaetani, Northwestern University
Aggregate Fluctuations and the Industry Structure of the US Economy
By Julieta Caunedo; Washington University in St. Louis
Presented by: Julieta Caunedo, Washington University in St. Louis
Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity
By Jose-Maria Da-Rocha; Universidade de Vigo Marina Mendes Tavares; ITAM and IMF Diego Restuccia; University of Toronto
Presented by: Marina Mendes Tavares, ITAM and IMF
Real Business Cycles, Human Capital and Endogenous Growth: Persistence, Volatility and Labor Puzzles
By Szilard Benk; Magyar Nemzeti Bank Tamas Csabafi; Cardiff Business School Jing Dang; SGCC, China Max Gillman; University of Missouir, St Louis Michal Kejak; CERGE-EI
Presented by: Max Gillman, University of Missouir, St Louis
Session ID 116: Gains from International Trade II June 20, 2014 10:30 to 12:15 Carlson 1-142
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Julien Prat, CREST
The Opportunity Cost of Exporting
By Loris Rubini; Universidad Catolica de Chile Alexander McQuoid; Florida International Universtiy
Presented by: Loris Rubini, Universidad Catolica de Chile
A Simple Model of Competition Policies, Trade, and the Skill Premium
By Yoshinori Kurokawa; University of Tsukuba
Presented by: Yoshinori Kurokawa, University of Tsukuba
Gains from Intra-Firm Trade and Multinational Production
By Pamela Bombarda; Université de Cergy-Pontoise (THEMA) Stefania Marcassa; Université de Cergy-Pontoise
Presented by: Pamela Bombarda, Université de Cergy-Pontoise (THEMA)
Firm Dynamics and Residual Inequality in Open Economy
By giammario impullitti; University of Nottingham Julien Prat; CREST
Presented by: Julien Prat, CREST
Session ID 114: Open Economy Macroeconomics I June 20, 2014 10:30 to 12:15 Carlson 1-135
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: R. Anton Braun, Federal Reserve Bank of Atlanta
Lifestyle Habits and International Transmission of Business Cycles
By Alexandre Dmitriev; University of Tasmania
Presented by: Alexandre Dmitriev, University of Tasmania
Sovereign risk, interbank freezes, and aggregate fluctuations
By Philipp Engler; Free University of Berlin Christoph Große Steffen; DIW Berlin, Freie Universität Berlin
Presented by: Christoph Große Steffen, DIW Berlin, Freie Universität Berlin
Trade, Reform, and Structural Transformation in South Korea
By Caroline Betts; University of Southern California Rahul Giri; Instituto Tecnológico Autónomo de México Rubina Verma; Instituto Tecnologico Autonomo de Mexico (ITAM)
Presented by: Rahul Giri, Instituto Tecnológico Autónomo de México
Why Prices Don't Respond Sooner to a Sovereign Debt Crisis
By R. Anton Braun; Federal Reserve Bank of Atlanta Tomoyuki Nakajima; Kyoto University
Presented by: R. Anton Braun, Federal Reserve Bank of Atlanta
Session ID 51: Sovereign Debt I June 20, 2014 10:30 to 12:15 Carlson 1-132
Session Organizer: Cristina Arellano, Federal Reserve Bank of Minneapolis
Session Chair: Cristina Arellano, Federal Reserve Bank of Minneapolis
Maturity and Repayment Structure of Sovereign Debt
By Yan Bai; University of Rochester Seon Tae Kim; Instituto Tecnológico Autónomo de México Gabriel Mihalache; University of Rochester
Presented by: Gabriel Mihalache, University of Rochester
Optimal Taxation with Endogenous Default under Incomplete Markets
By Demian Pouzo; UC Berkeley Ignacio Presno; Federal Reserve Bank of Boston
Presented by: Ignacio Presno, Federal Reserve Bank of Boston
Financial disruption as a cost of sovereign default
By Andre Diniz; Sao Paulo School of Economics - FGV Bernardo Guimaraes; Sao Paulo School of Economics - FGV
Presented by: Andre Diniz, Sao Paulo School of Economics - FGV
Credibility and the Maturity of Government Debt
By Cristina Arellano; Federal Reserve Bank of Minneapolis Yan Bai; University of Rochester Patrick Kehoe; Princeton University Ananth Ramanarayanan; University of Western Ontario
Presented by: Cristina Arellano, Federal Reserve Bank of Minneapolis
Session ID 26: Durable Relationships June 20, 2014 10:30 to 12:15 Hanson 1-109
Session Organizer: David Rahman, University of Minnesota
Session Chair: David Rahman, University of Minnesota
Pricing of Durable Network Goods under Dynamic Coordination Failure
By Tadashi Sekiguchi; Kyoto University
Presented by: Tadashi Sekiguchi, Kyoto University
RELATIONAL KNOWLEDGE TRANSFERS
By Luis Garicano; lse Luis Rayo; London School of Economics
Presented by: Luis Rayo, London School of Economics
Frequent Actions with Infrequent Coordination
By David Rahman; University of Minnesota
Presented by: David Rahman, University of Minnesota
Keeping Secrets: The Economics of Access Deterrence
By Francisco Ruiz-Aliseda; École Polytechnique
Presented by: Francisco Ruiz-Aliseda, École Polytechnique
Session ID 20: Matching June 20, 2014 10:30 to 12:15 Hanson 1-111
Session Organizer: Larry Samuelson, Yale University
Session Chair: James Fisher, University of Arizona
Deadlines and Matching
By Garth Baughman; University of Pennsylvania
Presented by: Garth Baughman, University of Pennsylvania
Information Disclosure in Markets: Auctions, Contests, and Matching Markets
By Anne-Katrin Roesler; Yale University and University of Bonn
Presented by: Anne-Katrin Roesler, University of Bonn and Yale University
Rivalry and Professional Network Formation: The Struggle for Access
By James Fisher; University of Arizona
Presented by: James Fisher, University of Arizona
Session ID 2: Poster Session June 20, 2014 12:45 to 14:30 Hanson Atrium
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Timothy Kehoe, University of Minnesota
Political Campaigning & Policy Implementation: Evidence from US Presidential Elections
By Ioanna Grypari; Max Planck Institute, Bonn
Presented by: Ioanna Grypari, Max Planck Institute, Bonn
Price Versus Financial Stability: A Role for Money in Taylor Rules
By John Keating; University of Kansas Lee Smith; University of Kansas
Presented by: John Keating, University of Kansas
Are Exporters more Productive than Non Exporters?
By Wyatt Brooks; University of Notre Dame Timothy Kehoe; University of Minnesota Pau Pujolas; McMaster University
Presented by: Timothy Kehoe, University of Minnesota
Dynamic decisions to enter a toll lane on the road
By Chunying Xie; University of Minnesota
Presented by: Chunying Xie, University of Minnesota
Public Debt and Sovereign Default: Liquidity versus Tax Distortion
By Yun Pei; University of Minnesota
Presented by: Yun Pei, University of Minnesota
Labor Market Institutions and Family Formation in Japan
By Naoki Takayama; University of Minnesota
Presented by: Naoki Takayama, University of Minnesota
Regulation and Efficiency in a Land Rush, and the North Dakota Oil Boom
By Thomas Holmes; University of Minnesota Boyoung Seo; University of Minnesota Matthew Shapiro; University of Minnesota
Presented by: Thomas Holmes, University of Minnesota
Amplification of Shocks in a Model with Labor and Goods Market Search
By Jan Duras; University of Minnesota
Presented by: Jan Duras, Penn State University
Labor Market Regulations, Employment, and Wage Dynamics
By Zhen Huo; University of Minnesota Elena Pastorino; University of Minnesota
Presented by: Zhen Huo, University of Minnesota
How Counter Cyclical is Bank Capital?
By Joseph Haubrich; Federal Reserve Bank of Cleveland
Presented by: Joseph Haubrich, Federal Reserve Bank of Cleveland
Pay What Your Dad Paid: Commitment and Price Rigidity in the Market for Life Insurance
By Radek Paluszynski; University of Minnesota Pei Cheng Yu; University of Minnesota
Presented by: Radek Paluszynski, University of Minnesota
Fire-Sale Acquisitions and Intra-Industry Contagion
By SEUNGJOON OH; University of Michigan
Presented by: SEUNGJOON OH, University of Michigan
Identification and Estimation of Discrete Choice Demand Models when Product Characteristics are Endogenously Determined
[slides]
By Amil Petrin; University of Minnesota Boyoung Seo; University of Minnesota
Presented by: Boyoung Seo, University of Minnesota
Simulating Confidence for the Ellison-Glaeser Index
By Andrew Cassey; Washington State University Ben Smith; Washington State University
Presented by: Andrew Cassey, Washington State University
Regional Consumer Demand and Product Assortments: Why the Long Tail?
By Thomas Quan; University of Minnesota Kevin Williams; University of Minnesota
Presented by: Thomas Quan, University of Minnesota
Session ID 34: Econometric Theory June 20, 2014 13:45 to 15:30 Hanson 1-103
Session Organizer: Kyoo il Kim, University of Minnesota
Session Chair: Jushan Bai, Columbia University
Threshold Estimation in Nonparametric Regression: Estimation and Inference
By Daniel Henderson; University of Alabama Christopher Parmeter; University of Miami Liangjun Su; Singapore Management University
Presented by: Daniel Henderson, University of Alabama
Asymptotic Inference for Dynamic Panel Estimators of Infinite Order Autoregressive Processes
By Yoonjin Lee; Indiana University Ryo Okui; Kyoto University Mototsugu Shintani; Vanderbilt University
Presented by: Yoonjin Lee, Indiana University
Estimation of Dynamic Panel Data Models with Cross-Sectional Dependence
By Valentin Verdier; Michigan State University
Presented by: Valentin Verdier, Michigan State University
Spatial Panel Data Models with Common Shocks
By Jushan Bai; Columbia University
Presented by: Jushan Bai, Columbia University
Session ID 75: Recent Developments in Empirical games and models with simultaneity June 20, 2014 13:45 to 15:30 Hanson 1-102
Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Xun Tang, University of Pennsylvania
Identi fication of Nonparametric Simultaneous Equations Models with a Residual Index Structure
By Philip Haile; Yale University
Presented by: Philip Haile, Yale University
A general framework for nonlinear pricing data
By Isabelle Perrigne; Rice University
Presented by: Isabelle Perrigne, Rice University
Structural Estimation of Sponsored Search Auctions
By Yu-Wei Hsieh; University of Southern California Matthew Shum; Caltech Sha Yang; USC
Presented by: Yu-Wei Hsieh, University of Southern California
Uncommon Beliefs in Medical Malpractice Lawsuits
By Antonio Merlo; University of Pennsylvania Xun Tang; University of Pennsylvania
Presented by: Xun Tang, University of Pennsylvania
Session ID 18: Evolution of Industries and Policy June 20, 2014 13:45 to 15:30 Hanson 1-105
Session Organizer: Amil Petrin, University of Minnesota
Session Chair: Joel Waldfogel, University of Minnesota
Protecting the European Automobile Industry through Environmental Regulation
By Eugenio Miravete; University of Texas at Austin María José Moral; UNED Jeff Thurk; University of Notre Dame
Presented by: Jeff Thurk, University of Notre Dame
Supply Function Competition and Exporters: Nonparametric Identification and Estimation of Productivity Distributions and Marginal Costs
By Ayse Pehlivan; Bilkent University Quang Vuong; New York University
Presented by: Ayse Pehlivan, Bilkent University
Market Share Evolution, Heterogeneous Size Spillovers and Organizational Forgetting in Retail Chain Dynamics
By Jason Blevins; The Ohio State University Ahmed Khwaja; Yale University Nathan Yang; Yale
Presented by: Ahmed Khwaja, Yale University
Panning for Gold: The Random Long Tail in Music Production
By Luis Aguiar; Institute for Prospective Technological Studies (IPTS) Joel Waldfogel; University of Minnesota
Presented by: Joel Waldfogel, University of Minnesota
Session ID 1: Immigration June 20, 2014 13:45 to 15:30 Hanson 1-104
Session Organizer: John Kennan, University of Wisconsin Madison
Session Chair: John Kennan, University of Wisconsin Madison
Decomposing the Native Immigrant Wage Gap in the United States
By Rebecca Lessem; Carnegie Mellon University Carl Sanders; Washington University in St. Louis
Presented by: Rebecca Lessem, Carnegie Mellon University
The Labor Market Effects of Reducing Undocumented Immigrants
By Andri Chassamboulli; University of Cyprus Giovanni Peri; University of Califonia, Davis
Presented by: Andri Chassamboulli, University of Cyprus
Immigrant Wage Assimilation, Selective Emigration, and the Welfare State
By Kayuna Nakajima; University of Wisconsin Madison
Presented by: Kayuna Nakajima, University of Wisconsin Madison
Immigration Restrictions and Labor Market Skills
By John Kennan; University of Wisconsin Madison
Presented by: John Kennan, University of Wisconsin Madison
Session ID 6: Political Economy June 20, 2014 13:45 to 15:30 Hanson 1-107
Session Organizer: Holger Sieg, University of Pennsylvania
Session Chair: Karam Kang, Carnegie Mellon University
Estimating a Dynamic Model of Gubernatorial Elections
By Holger Sieg; University of Pennsylvania
Presented by: Holger Sieg, University of Pennsylvania
Winning by Default: Why is There So Little Competition in Government Procurement?
By Karam Kang; Carnegie Mellon University Robert Miller; Carnegie Mellon University
Presented by: Karam Kang, Carnegie Mellon University
Human Capital Accumulation in a Federation
By Daniele Coen-Pirani; University of Pittsburgh
Presented by: Daniele Coen-Pirani, University of Pittsburgh
Session ID 120: Advances in Macroeconomics June 20, 2014 13:45 to 15:30 Hanson 1-106
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Varadarajan Chari, University of Minneapolis
Measuring the Slowly Evolving Trend in US Inflation with Professional Forecasts
By James Nason; North Carolina State University Gregor Smith; Queen's University
Presented by: Gregor Smith, Queen's University
Risk and Ambiguity in Models of Business Cycles
By David Backus; NYU Axelle Ferriere; New York University Stanley Zin; NYU
Presented by: David Backus, NYU
Competitive Knowledge Diffusion and Inequality
By Erzo Luttmer; University of Minnesota
Presented by: Erzo Luttmer, University of Minnesota
Optimal Financial Repression
By Varadarajan Chari; University of Minneapolis Alessandro Dovis; Penn State Patrick Kehoe; University of Minnesota
Presented by: Varadarajan Chari, University of Minneapolis
Session ID 115: Open Economy Macroeconomics II June 20, 2014 13:45 to 15:30 Carlson 2-213
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Aurélien Eyquem, Université Lumière Lyon 2
Credit Market Frictions and Sudden Stops
By Yuko Imura; Bank of Canada
Presented by: Yuko Imura, Bank of Canada
Sovereign Default, Private Investment, and Economic Growth
By Nils Gornemann; University of Pennsylvania
Presented by: Nils Gornemann, University of Pennsylvania
Dirty Little Secrets: Inferring Fossil-Fuel Subsidies from Patterns in Emission Intensities
By Radek Stefanski; Laval University
Presented by: Radek Stefanski, Laval University
A Tale of Tax Policies in Open Economies
By Stephane Auray; CREST-Ensai Aurélien Eyquem; Université Lumière Lyon 2 Paul Gomme; Concordia University
Presented by: Aurélien Eyquem, Université Lumière Lyon 2
Session ID 94: Aggregate Implications of Distortions June 20, 2014 13:45 to 15:30 Carlson 2-224
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Kenichi Fukushima, University of Wisconsin - Madison
The Heterogeneous Effects of Government Spending: It’s All About Taxes
By Axelle Ferriere; New York University Gaston Navarro; New York University
Presented by: Axelle Ferriere, New York University
Why Do Americans Work So Much More than Europeans? The Role of Employer-Sponsored Health Insurance and Uncertain Health Expenses
By Kai Zhao; University of Connecticut
Presented by: Kai Zhao, University of Connecticut
History Dependent Labor Income Taxation
By Kenichi Fukushima; University of Wisconsin - Madison
Presented by: Kenichi Fukushima, University of Wisconsin - Madison
Session ID 118: Macroeconomic Development June 20, 2014 13:45 to 15:30 Carlson 1-132
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Carlos Carvalho, PUC-Rio
Is Investment-Specific Technical Change an Important Factor of Economic Development?
By Roberto Samaniego; George Washington University
Presented by: Roberto Samaniego, George Washington University
Money and Development
By Antonio Mele; University of Surrey Radek Stefanski; Laval University
Presented by: Antonio Mele, University of Surrey
Product Development and the Distribution of Firm Sizes
[slides]
By Jack Rossbach; University of Minnesota
Presented by: Jack Rossbach, University of Minnesota
Deindustrialization and Economic Diversification
By Tiago Berriel; PUC-Rio Marco Bonomo; Insper Institute of Education and Research Carlos Carvalho; Pontificia Universidade Catolica do Rio
Presented by: Tiago Berriel, EPGE FGV
Session ID 4: Financial Frictions June 20, 2014 13:45 to 15:30 Carlson 1-135
Session Organizer: Urban Jermann, University of Pennsylvania
Session Chair: Urban Jermann, University of Pennsylvania
Sticky Leverage
By Joao Gomes; University of Pennsylvania Urban Jermann; University of Pennsylvania Lukas Schmid; UCLA
Presented by: Urban Jermann, University of Pennsylvania
Banker Compensation and Bank Risk Taking: The Organizational Economics View
By Arantxa Jarque; Federal Reserve Bank of Richmond Edward Prescott; Federal Reserve Bank of Richmond
Presented by: Edward Prescott, Federal Reserve Bank of Richmond
Strategic Risk Shifting and the Idiosyncratic Volatility Puzzle
By Zhiyao Chen; University of Reading Ilya Strebulaev; Stanford University Yuhang Xing; Rice University Xiaoyan Zhang; Purdue University
Presented by: Zhiyao Chen, University of Reading
Capital Misallocation and Unemployment
By Feng Dong; Washington University in St. Louis
Presented by: Feng Dong, Washington University in St. Louis
Session ID 72: Top Incomes June 20, 2014 13:45 to 15:30 Carlson 1-142
Session Organizer: Michael Veall, McMaster University
Session Chair: Michael Veall, McMaster University
U.S. Wealth Inequality Since 1913: Capitalizing Income Tax Returns
By Emmanuel Saez; UC Berkeley Gabriel Zucman; London School of Economics & UC Berkeley
Presented by: Gabriel Zucman, London School of Economics & UC Berkeley
Banking crises and stock market crashes in the US: the response of top shares in historical perspective
[slides]
By Salvatore Morelli; University of Naples, Federico II
Presented by: Salvatore Morelli, University of Naples, Federico II
Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data
By Jon Bakija; Williams College Adam Cole; U.S. Department of the Treasury Bradley Heim; Indiana University
Presented by: Adam Cole, U.S. Department of the Treasury
How the Rich Respond to Anticipated Tax Rate Increases: Evidence from the 1993 Tax Act
By Laura Kawano; Treasury
Presented by: Laura Kawano, Treasury Department
Session ID 12: Information Economics June 20, 2014 13:45 to 15:30 Hanson 1-109
Session Organizer: Simon Board, University of California - Los Angeles
Session Chair: Boyan Jovanovic, New York University
Learning and Recombination
[slides]
By Boyan Jovanovic; New York University
Presented by: Boyan Jovanovic, New York University
Bilateral Trading in Divisible Double Auctions
By Songzi Du; Simon Fraser University Haoxiang Zhu; MIT
Presented by: Songzi Du, Simon Fraser University
Noisy signalling over time
By Sander Heinsalu; University of Queensland
Presented by: Sander Heinsalu, University of Queensland
Innovation Adoption by Forward-Looking Social Learners
By Mira Frick; Harvard University Yuhta Ishii; Harvard University
Presented by: Mira Frick, Harvard University
Session ID 82: Decision Theory June 20, 2014 13:45 to 15:30 Hanson 1-111
Session Organizer: David Ahn, University of California at berkeley
Session Chair: John Stovall, University of Warwick
List Rationalizable Choice
By Kemal Yildiz; New York University
Presented by: Kemal Yildiz, Bilkent University
Coarse, efficient decision-making
By Michael Mandler; Royal Holloway College, University of Lo
Presented by: Michael Mandler, Royal Holloway College, University of London
Temptation with Uncertain Normative Preferences
By John Stovall; University of Warwick
Presented by: John Stovall, University of Warwick
Session ID 15: Experimental Economics II June 20, 2014 13:45 to 15:30 Carlson 2-233
Session Organizer: Aldo Rustichini, University of Minnesota
Session Chair: Juan Block, Washington University in St. Louis
A Cold Shower for the Hot Hand Fallacy
[slides]
By Joshua Miller; Bocconi University Adam Sanjurjo; Universidad de Alicante
Presented by: Joshua Miller, Bocconi University
Patience and Self-Control in Children: Results from a Randomized Educational Intervention
By Sule Alan; University of Essex Seda Ertac; Koc University
Presented by: Seda Ertac, Koc University
Timing and Codes of Conduct
By Juan Block; Washington University in St. Louis
Presented by: Juan Block, Washington University in St. Louis
Session ID 107: Semi-Plenary: Cultural and Biological Approaches to Behavior June 20, 2014 16:00 to 17:10 Hanson 1-102
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Jan Werner, University of Minnesota
Social Interactions Models: Theory and Econometrics
By Steven Durlauf; University of Wisconsin
Presented by: Steven Durlauf, University of Wisconsin
BIOLOGY AND THE ARGUMENTS OF UTILITY
By Luis Rayo; London School of Economics Arthur Robson; Simon Fraser University
Presented by: Luis Rayo, London School of Economics
Session ID 137: Semi-Plenary: Labor: Micro and Macro Approaches June 20, 2014 16:00 to 17:10 Hanson 1-106
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Juan Nicolini, Federal Reserve Bank of Minneapolis
On the Identification of Sorting in SaM Models
By Jean-Marc Robin; Sciences-Po
Presented by: Jean-Marc Robin, Sciences-Po
Duration Dependence in the Exit Rate from Unemployment
By Robert Shimer; University of Chicago
Presented by: Robert Shimer, University of Chicago
Session ID 138: Semi-Plenary: Econometrics June 20, 2014 16:00 to 17:10 Hanson 1-104
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Kyoo il Kim, University of Minnesota
The Asymptotic Distribution of Estimators with Overlapping Simulation Draws
By Timothy Armstrong; Yale University A Gallant; The Pennsylvania State University Han Hong; Stanford University Huiyu Li; Stanford University
Presented by: Han Hong, Stanford University
Program Evaluation with High-Dimensional Data
By Alexandre Belloni; Duke University Victor Chernozhukov; MIT Ivan Fernandez-Val; Boston University Christian Hansen; University of Chicago
Presented by: Victor Chernozhukov, MIT
Session ID 105: The Walras-Bowley Lecture June 20, 2014 17:30 to 18:30 Willey 175
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Timothy Kehoe, University of Minnesota
Search for Yield
By Rafael Repullo; CEMFI
Presented by: Rafael Repullo, CEMFI
Session ID 74: Microeconometrics I June 21, 2014 8:15 to 10:00 Hanson 1-103
Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Arie Beresteanu, University of Pittsburgh
Subvector Inference in Local Regression
By Ke-Li Xu; Texas A&M University
Presented by: Ke-Li Xu, Texas A&M University
Identification of the generalized Roy model with an application to panel data models
By Byoung Park; Department of economics
Presented by: Byoung Park, Department of economics
MCMC inference for asymptotically-linear estimators
By Koen Jochmans; Sciences Po Jean-Marc Robin; Sciences-Po
Presented by: Koen Jochmans, Sciences Po
Random Utility Models, Attention Sets and Status Quo Bias
By Arie Beresteanu; University of Pittsburgh Roee Teper; University of Pittsburgh
Presented by: Arie Beresteanu, University of Pittsburgh
Session ID 89: Structural Models of Industries June 21, 2014 8:15 to 10:00 Hanson 1-107
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Thomas Youle, University of Minnesota
How Much Did Manipulation Distort the Libor?
By Thomas Youle; University of Minnesota
Presented by: Thomas Youle, University of Minnesota
Competition and Customer Acquisition in the U.S. Credit Card Market
By Daniel Grodzicki; Stanford University
Presented by: Daniel Grodzicki, Stanford University
Advertising in Vertical Relationships: An Equilibrium Model of the Automobile Industry
By Charles Murry; University of Virginia
Presented by: Charles Murry, University of Virginia
Experiential and Social Learning in Firms: The Case of Hydraulic Fracturing in the Bakken Shale
By Thomas Covert; University of Chicago
Presented by: Thomas Covert, University of Chicago
Session ID 86: Structural Labor June 21, 2014 8:15 to 10:00 Hanson 1-109
Session Organizer: Eric French, UCL
Session Chair: Christopher Taber, University of Wisconsin-Madison
A Structural Study of Migration and Child Educational Production: Aggregated vs. Disaggregated Resource Modeling
By guo li; Department of Economics Thomas Mroz; Clemson University
Presented by: guo li, Department of Economics
The Impact of Immigration on Wages, Internal Migration and Welfare
By Suphanit Piyapromdee; University of Wisconsin
Presented by: Suphanit Piyapromdee, University of Wisconsin
The Empirical Content of Synchronization Games
[slides]
By Jaap Abbring; Tilburg University Yifan Yu; Tilburg University
Presented by: Jaap Abbring, Tilburg University
Indirect Inference with Importance Sampling
By Christopher Taber; University of Wisconsin-Madison
Presented by: Christopher Taber, University of Wisconsin-Madison
Session ID 8: Urban and Housing Economics June 21, 2014 8:15 to 10:00 Hanson 1-105
Session Organizer: Holger Sieg, University of Pennsylvania
Session Chair: Jeffrey Brinkman, Federal Reserve Bank of Philadelphia
Congestion, Agglomeration, and the Structure of Cities
By Jeffrey Brinkman; Federal Reserve Bank of Philadelphia
Presented by: Jeffrey Brinkman, Federal Reserve Bank of Philadelphia
Do Supply Restrictions Raise the Value of Urban Land? The (Neglected) Role of Production Externalities?
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia Burcu Eyigungor; Phildalephia Federal Reserve Bank
Presented by: Burcu Eyigungor, Federal Reserve Bank of Philadelphia
Supply restrictions, subprime lending and regional US housing prices
By Andre Anundsen; Norges Bank
Presented by: Andre Anundsen, Norges Bank
Natural Amenities, Neighborhood Dynamics, and Persistence in the Spatial Distribution of Income
By Sanghoon Lee; University of British Columbia Jeffrey Lin; Federal Reserve Bank of Philadelphia
Presented by: Sanghoon Lee, University of British Columbia
Session ID 48: Technology and Productivity June 21, 2014 8:15 to 10:00 Hanson 1-111
Session Organizer: Christopher Udry, Yale University
Session Chair: Wei Wang, Washington University in St. Louis
Understanding the impact of agricultural technology adoption: k-factors, spillovers and pitfalls
By Aliou Diagne; Africa Rice Center (AfricaRice) Benjamin Groom; LSE NAKELSE Tebila; Africarice
Presented by: Aliou Diagne, Africa Rice Center (AfricaRice)
Information is Power? Impact of an SMS-based Market Information System on Farmers in Ghana
By Nicole Hildebrandt; New York University Yaw Nyarko; New York University Giorgia Romagnoli; New York University Emilia Soldani; New York University
Presented by: Nicole Hildebrandt, New York University
Financial Frictions and Agricultural Productivity Differences
By Junmin Liao; Washington University in St. Louis Wei Wang; Washington University in St. Louis
Presented by: Wei Wang, Washington University in St. Louis
Session ID 95: Capital Income Taxation June 21, 2014 8:15 to 10:00 Carlson 1-132
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Ted Temzelides, Rice University
Capital Income Taxation with Household and Firm Heterogeneity
By Alexis Anagnostopoulos; Stony Brook University Orhan Atesagaoglu; SUNY-Stony Brook Eva Carceles-Poveda; Stony Brook University
Presented by: Alexis Anagnostopoulos, Stony Brook University
On the Consequences of Eliminating Capital Tax Differentials
By Ctirad Slavik; Goethe University Frankfurt Hakki Yazici; Sabanci University
Presented by: Ctirad Slavik, Goethe University Frankfurt
Will A Decline in The Corporate Income Tax Rate Create Jobs?
By Daphne Chen; Florida State University Shi Qi; Florida State University Don Schlagenhauf; Florida State University
Presented by: Shi Qi, Florida State University
Robust Dynamic Optimal Taxation and Environmental Externalities
By Ted Temzelides; Rice University
Presented by: Ted Temzelides, Rice University
Session ID 119: Productivity and the Macroeconomy II June 21, 2014 8:15 to 10:00 Carlson 1-135
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Carlos Urrutia, ITAM
Investment-Specific Technological Changes: A Source of Anticipated TFP Fluctuations
By Kaiji Chen; Emory University Edouard Wemy; Emory University
Presented by: Edouard Wemy, Emory University
Mergers and Acquisitions: Quantity vs Quality and Aggregate Implications
By Jianhuan Xu; New York University
Presented by: Jianhuan Xu, New York University
Misallocation, Internal Trade, and the Role of Transportation Infrastructure
By Jose Asturias; Georgetown University Manuel García-Santana; ECARES Roberto Ramos; Bank of Spain
Presented by: Manuel García-Santana, ECARES
Credit, Misallocation and TFP: The Case of Mexico 2003-2010
By Felipe Meza; Instituto Tecnológico Autónomo de Méx Sangeeta Pratap; CUNY-Hunter College Carlos Urrutia; ITAM
Presented by: Carlos Urrutia, ITAM
Session ID 65: International Trade and Factor Markets June 21, 2014 8:15 to 10:00 Carlson 1-143
Session Organizer: Kim Ruhl, New York University Stern School of Busi
Session Chair: Ananth Ramanarayanan, University of Western Ontario
Trade, Skills and Quality-Upgrading: A Theory with Evidence from Colombia
By Marcela Eslava; Universidad de Los Andes Ana Cecilia Fieler; University of Pennsylvania Daniel Yi Xu; Duke University
Presented by: Ana Cecilia Fieler, University of Pennsylvania
Capital Imports Composition, Complementarities, and the Skill Premium in Developing Countries
By Ariell Reshef; University of Virginia
Presented by: Ariell Reshef, University of Virginia
Trade Reforms, Foreign Competition, and Labor Market Adjustments in the U.S.
By Illenin Kondo; Federal Reserve Board
Presented by: Illenin Kondo, Federal Reserve Board
Imported Inputs and the Gains from Trade
By Ananth Ramanarayanan; University of Western Ontario
Presented by: Ananth Ramanarayanan, University of Western Ontario
Session ID 31: Quantitative Macro June 21, 2014 8:15 to 10:00 Carlson 1-149
Session Organizer: Motohiro Yogo, Federal Reserve Bank of Minneapolis
Session Chair: Oksana Leukhina, University of Washington
Cross-subsidization in employer-based health insurance and the effects of tax subsidy reform
By Svetlana Pashchenko; Uppsala University Ponpoje (Poe) Porapakkarm; University of Macau
Presented by: Ponpoje (Poe) Porapakkarm, University of Macau
Breaking the "Iron Rice Bowl" and Precautionary Savings: Evidence from Chinese State-Owned Enterprises Reform
By Hui He; Shanghai University of Finance and Econo Feng Huang; Shanghai University of Finance and Economics Zheng Liu; FRBSF Dongming Zhu; Shanghai University of Finance and Economics
Presented by: Hui He, Shanghai University of Finance and Econo
Imperfect Information Transmission from Banks to Investors: Real Implications
By Nicolas Figueroa; Pontificia Universidad Catolica de Chile Oksana Leukhina; University of Washington Carlos Ramirez; Carnegie Mellon University
Presented by: Oksana Leukhina, University of Washington
Long-Term Asset Price Volatility and Macroeconomic Fluctuations
By Miguel Iraola; University of Miami Manuel Santos; University of Miami
Presented by: Manuel Santos, University of Miami
Session ID 79: Voting June 21, 2014 8:15 to 10:00 Carlson 2-224
Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Mirko Fillbrunn, Boston University
A Possibility Theorem on Information Aggregation in Elections
[slides]
By Paulo Barelli; University of Rochester Sourav Bhattacharya; University of Pittsburgh
Presented by: Sourav Bhattacharya, University of Pittsburgh
Correlated Equilibria in Voter Turnout Games
By Kirill Pogorelskiy; California Institute of Technology
Presented by: Kirill Pogorelskiy, California Institute of Technology
Strategic Voting and Ballot Order Effects
By Mirko Fillbrunn; Boston University
Presented by: Mirko Fillbrunn, Boston University
Session ID 42: Dynamic Incentives June 21, 2014 8:15 to 10:00 Carlson 2-213
Session Organizer: Larry Samuelson, Yale University
Session Chair: Suvi Vasama, Humboldt University of Berlin
Dynamic Contracts and Learning by Doing
By Julien Prat; CREST
Presented by: Julien Prat, CREST
Strategic Experimentation with Heterogeneous Agents and Payoff Externalities
By Kaustav Das; University of Exeter Business School
Presented by: Kaustav Das, University of Exeter Business School
Biased Performance Evaluation in A Model of Career Concerns: Incentives versus Ex-Post Efficiency
[slides]
By Sergey Stepanov; Higher School of Economics
Presented by: Sergey Stepanov, Higher School of Economics
Real Options and Dynamic Incentives
By Eduardo Faingold; Yale University Suvi Vasama; Humboldt University of Berlin
Presented by: Suvi Vasama, Humboldt University of Berlin
Session ID 84: Beliefs and Expected Utility in Markets June 21, 2014 8:15 to 10:00 Carlson 2-219
Session Organizer: David Ahn, University of California at berkeley
Session Chair: Antoine Bommier, ETH Zurich
Price Dynamics and Market Selection in Small and Large Economies
By Filippo Massari; University of New South Wales
Presented by: Filippo Massari, University of New South Wales
A Robust Capital Asset Pricing Model
By Doriana Ruffino; Board of Governors of the Federal Reserve System
Presented by: Doriana Ruffino, Board of Governors of the Federal Reserve System
Revealed preference tests under risk and uncertainty
By Matthew Polisson; University of Leicester John Quah; Oxford University
Presented by: Matthew Polisson, University of Leicester
A Robust Approach to Risk Aversion: Disentangling risk aversion and elasticity of substitution without giving up preference monotonicity
By Antoine Bommier; ETH Zurich Francois Le Grand; EMLyon Business School
Presented by: Antoine Bommier, ETH Zurich
Session ID 39: Macroeconometrics June 21, 2014 10:30 to 12:15 Hanson 1-103
Session Organizer: Ulrich Müller, Princeton University
Session Chair: Mark Bognanni, Federal Reserve Bank of Cleveland
Time Varying SVARs, parameter histories, and the changing impact of oil prices on the US economy
By Francesca Rondina; University of Ottawa
Presented by: Francesca Rondina, University of Ottawa
Consistent Variance of the Laplace Type Estimators: Application to DSGE Models
By Anna Kormilitsina; Southern Methodist University Denis Nekipelov; University of California - Berkeley
Presented by: Anna Kormilitsina, Southern Methodist University
Sequential Monte Carlo Algorithms for the Estimation of VAR Models
By Mark Bognanni; Federal Reserve Bank of Cleveland Edward Herbst; Federal Reserve Board
Presented by: Mark Bognanni, Federal Reserve Bank of Cleveland
Session ID 28: The Econometrics of IO and Games I June 21, 2014 10:30 to 12:15 Hanson 1-105
Session Organizer: Elie Tamer, Northwestern
Session Chair: Brendan Kline, University of Texas
Identification and Estimation of Hierarchy Effects in Social Interactions
By Zhongjian Lin; Texas A&M University Haiqing Xu; University of Texas
Presented by: Zhongjian Lin, Texas A&M University
Social Interactions under Incomplete Information with Heterogeneous Expectations
By Chao Yang; Ohio State University Lung-fei Lee; Ohio State University
Presented by: Chao Yang, Ohio State University
Testing Independence against Network Dependence
By Kevin Song; UBC
Presented by: Kevin Song, UBC
The empirical content of games with bounded regressors
By Brendan Kline; University of Texas
Presented by: Brendan Kline, University of Texas
Session ID 64: Regulation, Search, and Pricing June 21, 2014 10:30 to 12:15 Hanson 1-107
Session Organizer: Joel Waldfogel, University of Minnesota
Session Chair: Jean Francois Houde, University of Pennsylvania
Search frictions and market power in negotiated price markets
By Jean Francois Houde; University of Pennsylvania
Presented by: Jean Francois Houde, University of Pennsylvania
The Efficiency of Nonlinear Pricing: The Case of Fedwire Funds
By Adam Copeland; Federal Reserve Bank of New York Rodney Garratt; University of California
Presented by: Adam Copeland, Federal Reserve Bank of New York
From Lemon Markets to Managed Markets: the Evolution of eBay's Reputation System
By Xiang Hui; The Ohio State University Maryam Saeedi; The Ohio State University Zeqian Shen; eBay Research Neel Sundaresan; eBay Research
Presented by: Maryam Saeedi, The Ohio State University
The Dynamics of Natural Monopoly Regulation and Political Environments
By Claire Lim; Cornell University Ali Yurukoglu; Stanford University
Presented by: Claire Lim, Cornell University
Session ID 57: Labor June 21, 2014 10:30 to 12:15 Hanson 1-109
Session Organizer: John Kennan, University of Wisconsin Madison
Session Chair: George-Levi Gayle, Washington Unversity in St. Louis
What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital?
By George-Levi Gayle; Washington University in St. Louis Limor Golan; University of Washington in St. Louis Mehmet Soytas; Ozyegin University
Presented by: George-Levi Gayle, Washington Unversity in St. Louis
Allocations of Effort and Talent in Professional Labor Markets
By Derek Neal; University of Chicago
Presented by: Derek Neal, University of Chicago
Marriage, Employment Participation and Home Production in Search Equilibrium
By Roberto Bonilla; Newcastle University Alberto Trejos; INCAE
Presented by: Roberto Bonilla, Newcastle University
Does Homeownership Prolong the Duration of Unemployment?
By Ahmet Ali Taskin; Central Bank of Turkey Firat Yaman; City University London
Presented by: Ahmet Ali Taskin, Central Bank of the Republic of Turkey
Session ID 99: Dynamics of Careers June 21, 2014 10:30 to 12:15 Carlson 1-132
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: Andrew Glover, University of Texas at Austin
A Dynamic Analysis of Sectoral Mobility, Worker Mismatch, and the Wage-Tenure Profile
By Stephane Auray; CREST-Ensai David Fuller; Carnegie Mellon University Damba Lkhagvasuren; Concordia University Antoine Terracol; Université Paris 1
Presented by: Damba Lkhagvasuren, Concordia University
Occupational Switching and Self-Discovery in the Labor Market
By Fatih Guvenen; University of Minnesota Burhanettin Kuruscu; University of Toronto Satoshi Tanaka; University of Queensland David Wiczer; FRB St. Louis
Presented by: David Wiczer, FRB St. Louis
Anticipated Wage Growth as a Factor of Educational Attainment
By Hye Mi You; State University of New York at Buffalo
Presented by: Hye Mi You, State University of New York at Buffalo
Can Employee Credit Checks Create Poverty Traps?
By Daphne Chen; Florida State University Dean Corbae; University of Wisconsin Andrew Glover; University of Texas at Austin
Presented by: Andrew Glover, University of Texas at Austin
Session ID 55: Informational Frictions and Macroeconomics June 21, 2014 10:30 to 12:15 Hanson 1-104
Session Organizer: Manuel Amador, Federal Reserve Bank of Minneapolis
Session Chair: Christopher Phelan, University of Minnesota
Uncertainty Traps
By Pablo Fajgelbaum; UCLA Edouard Schaal; New York University Mathieu Taschereau-Dumouchel; University of Pennsylvania - Wharton
Presented by: Mathieu Taschereau-Dumouchel, University of Pennsylvania - Wharton
Optimal Unemployment Insurance and Cyclical Fluctuations
By Rui Li; University of Massachusetts Boston Noah Williams; University of Wisconsin
Presented by: Noah Williams, University of Wisconsin
Rethinking Optimal Currency Areas
By Varadarajan Chari; University of Minneapolis Alessandro Dovis; Pennsylvania State University Patrick Kehoe; University of Minnesota
Presented by: Alessandro Dovis, Pennsylvania State University
Pareto Efficiency and Identity
By Christopher Phelan; University of Minnesota Aldo Rustichini; University of Minnesota
Presented by: Christopher Phelan, University of Minnesota
Session ID 96: Household Debt and Wealth June 21, 2014 10:30 to 12:15 Carlson 1-135
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Juan Sanchez, Federal Reserve Bank of St. Louis
Housing over Time and over the Life Cycle
By Wenli Li; Federal Reserve Bank of Philadelphia Haiyong Liu; East Carolina University Fang Yang; Louisiana State University Rui Yao; Baruch College
Presented by: Wenli Li, Federal Reserve Bank of Philadelphia
Commodity price booms: macroeconomic and distributional implications
By Marina Mendes Tavares; ITAM and IMF Adrian Peralta-Alva; International Monetary Fund Irina Telyukova; UC San Diego
Presented by: Adrian Peralta-Alva, International Monetary Fund
Labor market upheaval, default regulations, and consumer debt
By Kartik Athreya; Federal Reserve Bank of Richmond Juan Sanchez; Federal Reserve Bank of St. Louis Xuan Tam; City University of Hong Kong Eric Young; University of Virginia
Presented by: Juan Sanchez, Federal Reserve Bank of St. Louis
A THEORY OF STUDENT OVERBORROWING
By Viktar Fedaseyeu; Bocconi University Vitaliy Strohush; Elon University
Presented by: Vitaliy Strohush, Elon University
Session ID 122: Overlapping Generations in the Macroeconomy June 21, 2014 10:30 to 12:15 Carlson 1-127
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Sara Eugeni, University of Warwick
Entrepreneurship, Education and Credit Constraints: A General Equilibrium Model
By Roberto Samaniego; George Washington University Juliana Sun; Singapore Management University
Presented by: Juliana Sun, Singapore Management University
Health and Earnings Inequality Over the Life Cycle
By Maria Jose Prados; University of Southern California
Presented by: Maria Jose Prados, University of Southern California
The Impact of Government Debt and Taxation on Endogenous Growth in the Presence of a Debt Trigger
By Gregory Huffman; Vanderbilt University
Presented by: Gregory Huffman, Vanderbilt University
Portfolio choice and nominal exchange rate determination in a stochastic OLG model
By Sara Eugeni; University of Warwick
Presented by: Sara Eugeni, University of Warwick
Session ID 66: International Trade I June 21, 2014 10:30 to 12:15 Carlson 1-143
Session Organizer: Kim Ruhl, New York University Stern School of Busi
Session Chair: Wyatt Brooks, University of Notre Dame
Local Transmission of Trade Shocks
By Ferdinando Monte; Johns Hopkins University
Presented by: Ferdinando Monte, Johns Hopkins University
International Production Chains and Bilateral Imbalances
By Joseph Steinberg; University of Toronto
Presented by: Joseph Steinberg, University of Toronto
Assortative Matching of Exporters and Importers
By Yoichi Sugita; Stockholm School of Economics Kensuke Teshima; Instituto Tecnológico Autónomo de México Enrique Seira; ITAM
Presented by: Kensuke Teshima, Instituto Tecnológico Autónomo de México
Non-Linear Gravity
By Wyatt Brooks; University of Notre Dame Pau Pujolas; McMaster University
Presented by: Wyatt Brooks, University of Notre Dame
Session ID 22: Firm Dynamics and Aggregate Outcomes June 21, 2014 10:30 to 12:15 Carlson 1-149
Session Organizer: Julia Thomas, The Ohio State University
Session Chair: Aubhik Khan, Ohio State University
Investment and The Cross--Section of Equity Returns
By Gian Luca Clementi; Stern School of Business Berardino Palazzo; Boston University, School of management
Presented by: Gian Luca Clementi, Stern School of Business
Misallocation and Recovery Rates
By Asli Senkal; University of Virginia
Presented by: Asli Senkal, University of Virginia
Financial Shocks and Job Flows
By Neil Mehrotra; Brown University Dmitriy Sergeyev; Bocconi University
Presented by: Neil Mehrotra, Brown University
Entry, Exit and the Shape of Aggregate Fluctuations in a General Equilibrium Model with Capital Heterogeneity
By Gian Luca Clementi; Stern School of Business Aubhik Khan; Ohio State University Berardino Palazzo; Boston University, School of management Julia Thomas; The Ohio State University
Presented by: Aubhik Khan, Ohio State University
Session ID 23: Corporate Finance June 21, 2014 10:30 to 12:15 Carlson 2-224
Session Organizer: Urban Jermann, University of Pennsylvania
Session Chair: Robert Kurtzman, UCLA
Equity market misvaluation, financing, and investment
[slides]
By Missaka Warusawitharana; Board of Governors of the Federal Reserv Toni Whited; University of Rochester
Presented by: Missaka Warusawitharana, Board of Governors of the Federal Reserv
Agency Conflicts Around the World
By Erwan Morellec; EPFL and SFI Boris Nikolov; University of Rochester Norman Schuerhoff; University of Lausanne
Presented by: Boris Nikolov, University of Rochester
Aggregate Risks and the Diversification Discount
By Michael Michaux; University of Southern California Myat Mon; University of Southern California
Presented by: Michael Michaux, University of Southern California
The Relationship between Distance-to-Default and Growth and its Aggregate Implications
[slides]
By Robert Kurtzman; UCLA David Zeke; UCLA
Presented by: Robert Kurtzman, UCLA
Session ID 44: Repeated Interactions June 21, 2014 10:30 to 12:15 Hanson 1-111
Session Organizer: Larry Samuelson, Yale University
Session Chair: Braz Camargo, Fundação Getúlio Vargas
Diverse Behavior Patterns in a Symmetric Society with Voluntary Partnerships
By Takako Fujiwara-Greve; Keio University Masahiro Okuno-Fujiwara; Musashino University
Presented by: Takako Fujiwara-Greve, Keio University
The Folk Theorem with Imperfect Public Information in Continuous Time
By Benjamin Bernard; University of Alberta Christoph Frei; University of Alberta
Presented by: Benjamin Bernard, University of Alberta
Signalling Through Prices in Dynamic Markets with Adverse Selection
By Bruno Barsanetti; Sao Paulo School of Economics Braz Camargo; Fundação Getúlio Vargas
Presented by: Braz Camargo, Fundação Getúlio Vargas
Strategic Inaccuracy in Bargaining
By Sinem Hidir; Toulouse School of Economics
Presented by: Sinem Hidir, Toulouse School of Economics
Session ID 38: Panel and Time Series Econometrics June 21, 2014 13:45 to 15:30 Hanson 1-103
Session Organizer: Ulrich Müller, Princeton University
Session Chair: Keisuke Hirano, University of Arizona
A Nonlinear Least Squares Approach to Estimating Fixed E¤ects Panel Data Models with Lagged Dependent Variables, with Applications to the Incidental Parameters Problem
By Jerry Hausman; MIT Maxim Pinkovskiy; Federal Reserve Bank of New York
Presented by: Maxim Pinkovskiy, Federal Reserve Bank of New York
Oracle Properties and Finite Sample Inference of the Adaptive Lasso for Time Series Regression Models
By Lorenzo Camponovo; University of St.Gallen
Presented by: Lorenzo Camponovo, University of St.Gallen
Forecasting with Model Uncertainty: Representations and Risk Reduction
By Keisuke Hirano; University of Arizona Jonathan Wright; Johns Hopkins University
Presented by: Keisuke Hirano, University of Arizona
Session ID 33: Microeconometrics II June 21, 2014 13:45 to 15:30 Hanson 1-105
Session Organizer: Kyoo il Kim, University of Minnesota
Session Chair: Nianqing Liu, Shanghai Unversity of Finance and Economics
Production Functions with Unobserved Inputs
By Kyoo il Kim; University of Minnesota Suyong Song; University of Wisconsin-Milwaukee
Presented by: Suyong Song, University of Wisconsin-Milwaukee
Party Bias in Union Representation Elections: Testing for Manipulation in the Regression Discontinuity Design When the Running Variable is Discrete
[slides]
By Brigham Frandsen; Brigham Young University
Presented by: Brigham Frandsen, Brigham Young University
Optimal Bandwidth Selection in the Regression Discontinuity Design with Clustered Sampling
By Otavio Bartalotti; Tulane University Quentin Brummet; U.S. Census Bureau
Presented by: Otavio Bartalotti, Tulane University
A Nonparametric Test of Exogenous Participation in First Price Auctions
By Nianqing Liu; Shanghai Unversity of Finance and Economics Yao Luo; University of Toronto
Presented by: Nianqing Liu, Shanghai Unversity of Finance and Economics
Session ID 90: Pricing Dynamics June 21, 2014 13:45 to 15:30 Hanson 1-107
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Amit Gandhi, University of Wisconsin-Madison
Why Does Demand Rise When Price Falls: Evidence from Scanner Data
By Amit Gandhi; University of Wisconsin-Madison Zhentong Lu; University of Wisconsin-Madison xiaoxia shi; University of Wisconsin at Madison
Presented by: Amit Gandhi, University of Wisconsin-Madison
The Bidder Exclusion Effect
By Dominic Coey; eBay Research Labs Bradley Larsen; Stanford University Kane Sweeney; eBay Research Labs
Presented by: Bradley Larsen, Stanford University
The Competitive Effects of Transmission Infrastructure in the Indian Electricity Market
By Nicholas Ryan; MIT
Presented by: Nicholas Ryan, MIT
The Illiquidity of Water Markets
By Javier Donna; The Ohio State University Jose-Antonio Espin-Sanchez; Northwestern University
Presented by: Javier Donna, The Ohio State University
Session ID 7: Education and Human Capital June 21, 2014 13:45 to 15:30 Carlson 1-132
Session Organizer: Holger Sieg, University of Pennsylvania
Session Chair: Chao Fu, University of Wisconsin - Madison
Are students conforming or competing in the classroom?
By Michela Tincani; University College London
Presented by: Michela Tincani, University College London
Structural Estimation of a Model of Parental Reputation, Student Effort and Student Achievement
By Chao Fu; University of Wisconsin - Madison Juan Pantano; Washington University in St. Louis
Presented by: Chao Fu, University of Wisconsin - Madison
Search, Matching and Training
By Ahu Gemici; Royal Holloway, University of London
Presented by: Ahu Gemici, Royal Holloway, University of London
The U.S. Market for Higher Education: A General Equilibrium Analysis of State and Private Colleges and Public Funding Policies
By Dennis Epple; Carnegie Mellon University Richard Romano; University of Florida Sinan Sarpca; Koc University, Istanbul Holger Sieg; University of Pennsylvania
Presented by: Sinan Sarpca, Koc University, Istanbul
Session ID 98: Understanding Labor Market Outcomes June 21, 2014 13:45 to 15:30 Carlson 1-135
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: Maia Guell, University of Edinbugh
Unemployment Crises
By Nicolas Petrosky-Nadeau; Carnegie Mellon University Lu Zhang; The Ohio State University
Presented by: Lu Zhang, The Ohio State University
Firing Costs and Labor Market Fluctuations: A Cross-Country Analysis
By Lee Ohanian; University of California Los Angeles Andrea Raffo; Federal Reserve Board Richard Rogerson; Princeton University
Presented by: Andrea Raffo, Federal Reserve Board
Temporary Contracts, Incentives and Unemployment
By Maia Guell; University of Edinbugh jose rodriguez mora; university of edinburgh
Presented by: Maia Guell, University of Edinbugh
Unemployment Insurance Take-up Rates in an Equilibrium Search Model
By Stephane Auray; CREST-Ensai David Fuller; Concordia University Damba Lkhagvasuren; Concordia University
Presented by: David Fuller, Concordia University
Session ID 56: Debt and Limited Commitment June 21, 2014 13:45 to 15:30 Hanson 1-109
Session Organizer: Manuel Amador, Federal Reserve Bank of Minneapolis
Session Chair: Manuel Amador, Federal Reserve Bank of Minneapolis
Continuous Markov Equilibria with Quasi-Geometric Discounting
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia Burcu Eyigungor; Federal Reserve Bank of Philadelphia
Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
Optimal Fiscal Policy in a Small Open Economy with Limited Commitment
By Sofia Bauducco; Central Bank of Chile
Presented by: Sofia Bauducco, Central Bank of Chile
Sovereign Bailouts
By Bulent Guler; Indiana University - Bloomington Juan Hatchondo; Indiana University Burhanettin Kuruscu; University of Toronto Leonardo Martinez; International Monetary Fund
Presented by: Leonardo Martinez, International Monetary Fund
Taking the short route: how to repay and restructure sovereign debt
By Mark Aguiar; Princeton University Manuel Amador; Federal Reserve Bank of Minneapolis
Presented by: Manuel Amador, Federal Reserve Bank of Minneapolis
Session ID 68: Taxation and the Macroeconomy June 21, 2014 13:45 to 15:30 Hanson 1-111
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: anmol bhandari, New York University
Use It or Lose It: Efficiency Gains from Wealth Taxation
By Daphne Chen; Florida State University Fatih Guvenen; University of Minnesota Gueorgui Kambourov; University of Toronto Burhanettin Kuruscu; University of Toronto
Presented by: Daphne Chen, Florida State University
Redistribution and Social Insurance
By Mikhail Golosov; Princeton
Presented by: Mikhail Golosov, Princeton University
Progressive Taxation and Misallocation in a Model of Career Choice with Incomplete Markets
By German Cubas; University of Houston Pedro Silos; Federal Reserve Bank of Atlanta
Presented by: German Cubas, University of Houston
Taxes, Debt and Redistribution with Aggregate Shocks
[slides]
By anmol bhandari; nyu David Evans; New York University Mikhail Golosov; Princeton University Thomas Sargent; New York University
Presented by: anmol bhandari, New York University
Session ID 123: Macroeconomic Theory I June 21, 2014 13:45 to 15:30 Carlson 1-143
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Erwan Quintin, University of Wisconsin at Madison
Forecast Shocks in Production Networks
By Can Tian; University of Pennsylvania
Presented by: Can Tian, University of Pennsylvania
Money, limited participation and heterogeneity : An alternative view of monetary policy
By Xavier Ragot; Paris School of Economics
Presented by: Xavier Ragot, Paris School of Economics
A Forest Fire Theory of Recessions and Unemployment
By Matthew Jackson; Stanford University Pietro Tebaldi; Stanford University
Presented by: Pietro Tebaldi, Stanford University
A Theory of Blind Trading
By Cyril Monnet; Universitat Bern Erwan Quintin; University of Wisconsin at Madison
Presented by: Erwan Quintin, University of Wisconsin at Madison
Session ID 24: Finance June 21, 2014 13:45 to 15:30 Carlson 2-213
Session Organizer: Urban Jermann, University of Pennsylvania
Session Chair: Rui Li, University of Massachusetts Boston
New Entropy Restrictions and the Quest for Better Specified Asset Pricing Models
By Gurdip Bakshi; Smith School of Business, University of Maryland Fousseni Chabi-Yo; The Ohio State Univesity, Fisher College
Presented by: Fousseni Chabi-Yo, The Ohio State Univesity, Fisher College
The Term Structures of Co-Entropy in International Financial Markets
By Fousseni Chabi-Yo; The Ohio State Univesity, Fisher College Riccardo Colacito; University of North Carolina, Chapel Hil
Presented by: Riccardo Colacito, University of North Carolina, Chapel Hil
Information Aversion
By Marianne Andries; Toulouse School of Economics Valentin Haddad; Princeton University
Presented by: Valentin Haddad, Princeton University
A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment
By Hengjie Ai; University of Minnesota Dana Kiku; University of Illinois Rui Li; University of Massachusetts Boston
Presented by: Rui Li, University of Massachusetts Boston
Session ID 30: Markets and Allocations in Developing Economies June 21, 2014 13:45 to 15:30 Carlson 1-127
Session Organizer: Christopher Udry, Yale University
Session Chair: Elena Pastorino, University of Minnesota
Running away from the poor: Bolsa Familia and entry in school markets
By Naercio Menezes-Filho; Insper Institute of Education and Research
Presented by: Naercio Menezes-Filho, Insper Institute of Education and Research
Direct and Indirect Effects of Cash Transfers on Entrepreneurship
By Rafael Ribas; University of Illinois at Urbana-Champai
Presented by: Rafael Ribas, University of Illinois at Urbana-Champai
CORRUPTION, TAX EVASION AND TRADE: A SIGNALING GAME
By Hamid Mohtadi; University of Wisconsin at Milwaukee Stephen Polasky; University of Minnesota TERRY ROE; MINNESOTA UNIVERSITY
Presented by: Hamid Mohtadi, University of Wisconsin at Milwaukee
Nonlinear Pricing of Food in Village Economics
[slides]
By Orazio Attanasio; University College London Elena Pastorino; University of Minnesota
Presented by: Elena Pastorino, University of Minnesota
Session ID 128: Business Cycles I June 21, 2014 13:45 to 15:30 Carlson 1-149
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Carlos Zarazaga, Federal Reserve Bank of Dallas
Financial Frictions and Interest Rate Shocks
By Bernardino Adão; Banco de Portugal Andre Silva; Universidade Nova de Lisboa
Presented by: Bernardino Adão, Banco de Portugal
New Evidence for Real Business Cycles: A Revival of the Theory
By Adriana Ponta; Universidade Federal Fluminense
Presented by: Adriana Ponta, Universidade Federal Fluminense
The Effects of the Budget Sequestration and the Nature of the Weak Recovery from the Great Recession
By Carlos Zarazaga; Federal Reserve Bank of Dallas
Presented by: Carlos Zarazaga, Federal Reserve Bank of Dallas
Session ID 29: Mechanism Design June 21, 2014 13:45 to 15:30 Carlson 2-219
Session Organizer: David Rahman, University of Minnesota
Session Chair: Brian Baisa, Amherst College
Sequential, multidimensional screening
By Sina Litterscheid; University of Bonn Dezso Szalay; University of Bonn
Presented by: Sina Litterscheid, University of Bonn
SUBGAME PERFECT IMPLEMENTATION UNDER RESTRICTED PERTURBATIONS
By Peter Eccles; Carlos III Nora Wegner; Universidad Carlos III de Madrid
Presented by: Peter Eccles, Carlos III
Optimally Constraining a Bidder Using a Simple Budget
By Justin E. Burkett; Wake Forest University
Presented by: Justin E. Burkett, Wake Forest University
Auctions without Quasilinear Preferences
By Brian Baisa; Amherst College
Presented by: Brian Baisa, Amherst College
Session ID 53: Equilibrium Models June 21, 2014 13:45 to 15:30 Carlson 2-224
Session Organizer: Larry Samuelson, Yale University
Session Chair: Jeong-Ho (John) Kim, Princeton University
Public Information and Risk-Sharing in a Pure-Exchange Economy
By Thomas Maurer; Washington University in St. Louis Ngoc-Khanh Tran; Olin Business School, Washington Univers
Presented by: Thomas Maurer, Washington University in St. Louis
The Macroeconomics of Modigliani-Miller
By Hans Haller; Virginia Tech
Presented by: Hans Haller, Virginia Tech
Multiple Equilibria in the Grossman-Stiglitz Model
By Domotor Palvolgyi; Eotvos Lorand University Gyuri Venter; Copenhagen Business School
Presented by: Gyuri Venter, Copenhagen Business School
A Rational Inattention Perspective on the Social Value of Public Information
By Jeong-Ho (John) Kim; Princeton University
Presented by: Jeong-Ho (John) Kim, Princeton University
Session ID 132: Semi-Plenary: Industrial Organization June 21, 2014 16:00 to 17:10 Hanson 1-102
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Amil Petrin, University of Minnesota
Deposit Competition and Financial Fragility: Evidence from the U.S. Banking Sector
By Mark Egan; University of Chicago Ali Hortacsu; University of Chicago Gregor Matvos; University of Chicago Booth School of Bu
Presented by: Ali Hortacsu, University of Chicago
Measuring the Sensitivity of Parameter Estimates to Sample Statistics
By Matthew Gentzkow; University of Chicago Jesse Shapiro; Chicago Booth
Presented by: Matthew Gentzkow, University of Chicago
Session ID 135: Semi-Plenary: Macroeconomics June 21, 2014 16:00 to 17:10 Hanson 1-104
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Larry Jones, University of Minnesota
Social Insurance, Information Revelation, and Lack of Commitment
By Mikhail Golosov; Princeton University Luigi Iovino; Bocconi
Presented by: Mikhail Golosov, Princeton University
Adverse Selection and Liquidity in Financial Markets
By Veronica Guerrieri; University of Chicago
Presented by: Veronica Guerrieri, University of Chicago
Session ID 133: The Cowles Lecture June 21, 2014 17:30 to 18:30 Willey 175
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Philip Haile, Yale University
Dynamic Analysis of Industries: A Methodological Issue
By Ariel Pakes; Harvard University
Presented by: Ariel Pakes, Harvard University
Session ID 46: The Econometrics of IO and Games II June 22, 2014 8:15 to 10:00 Hanson 1-103
Session Organizer: Elie Tamer, Northwestern
Session Chair: Kosuke Uetake, Yale School of Management
Nonparametric Estimation of First-Price Auctions with Risk-Averse Bidders
By Federico Zincenko; University of Pittsburgh
Presented by: Federico Zincenko, University of Pittsburgh
Estimating Demand for Differentiated Products with an Incomplete Model of Consideration Set Generation
By Zhentong Lu; University of Wisconsin-Madison
Presented by: Zhentong Lu, University of Wisconsin-Madison
Identification of solution concepts for strategic form games
By Nail Kashaev; The Pennsylvania State University Bruno Salcedo; Pennsylvania State University
Presented by: Nail Kashaev, The Pennsylvania State University
Estimating the Effects of Strategic Network Formation on Performance: An Application to the U.S. Venture Capital Markets
By Kosuke Uetake; Yale School of Management
Presented by: Kosuke Uetake, Yale School of Management
Session ID 80: Pricing and Procurement: Data and Estimates June 22, 2014 8:15 to 10:00 Hanson 1-105
Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Benjamin Shiller, Brandeis University
The Impact of Scoring Auctions in Public Procurement Auctions
By Tsuruoka Masanori; University of Tokyo
Presented by: Tsuruoka Masanori, University of Tokyo
THE EFFECT OF DISCRETION ON PROCUREMENT PERFORMANCE
By Decio Coviello; HEC Montreal Giancarlo Spagnolo; Stockholm School of Economics
Presented by: Decio Coviello, HEC Montreal
Health Plan Changes in Response to Medicare Advantage Payment Rates
By Michael Chernew Keaton Miller; University of Minnesota Amil Petrin; University of Minnesota Robert Town; University of Pennsylvania
Presented by: Keaton Miller, University of Minnesota
First Degree Price Discrimination Using Big Data
By Ben Shiller; Brandeis University
Presented by: Benjamin Shiller, Brandeis University
Session ID 10: Health and Education June 22, 2014 8:15 to 10:00 Hanson 1-107
Session Organizer: Holger Sieg, University of Pennsylvania
Session Chair: Anton Badev, Federal Reserve Board
A dynamic model of elementary school choice
By Nicolas Grau; Univesity of Pennsylvania
Presented by: Nicolas Grau, Universidad de Chile. Centre for Social Conflict and Cohesion Studies
The Impact of Student Debt on Career Choices and Tuition: Evidence from Law Schools
By Yu Wang; University of Pennsylvania
Presented by: Yu Wang, University of Pennsylvania
Social Networks and the Stepping Stone Effect: The Case of Tobacco and Marijuana
By Anton Badev; Federal Reserve Board
Presented by: Anton Badev, Federal Reserve Board
Smoking, Morbidity, and Mortality: Evidence from a Long Panel
By Michael Darden; Tulane University Donna Gilleskie; University of North Carolina Koleman Strumpf; University of Kansas School of Business
Presented by: Michael Darden, Tulane University
Session ID 109: Families and Labor Markets June 22, 2014 8:15 to 10:00 Hanson 1-109
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: Brennan Platt, Brigham Young University
Structural Change and the Rise and Fall of Marital Unions
By Alessio Moro; University of Cagliari Solmaz Moslehi; Monash University Satoshi Tanaka; University of Queensland
Presented by: Satoshi Tanaka, University of Queensland
Poverty and The Optimality of Family Planning Programs
By Juan Cordoba; Iowa State University Xiying Liu; Iowa State University
Presented by: Xiying Liu, Iowa State University
Optimal Tax for the Household: Collective and Unitary Approaches
By Érica Oliveira; Fundação Getúlio Vargas carlos eugênio da Costa; EPGE/FGV
Presented by: Érica Oliveira, Fundação Getúlio Vargas
Accounting for Age in Marital Search Decisions
By Nuray Akin; University of Southern California Matthew Butler; Brigham Young University Brennan Platt; Brigham Young University
Presented by: Brennan Platt, Brigham Young University
Session ID 102: Taxing the Rich June 22, 2014 8:15 to 10:00 Hanson 1-111
Session Organizer: Juan Carlos Conesa, Stony Brook University
Session Chair: Ali Shourideh, University of Pennsylavnia
Income Inequality, Political Polarization and Fiscal Policy Gridlock
By Yanlei Ma; Cornell University
Presented by: Yanlei Ma, Cornell University
Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners
By Bettina Brueggemann; Goethe University Frankfurt Jinhyuk Yoo; Goethe University Frankfurt
Presented by: Jinhyuk Yoo, Geothe University Frankfurt
How Much Does Atlas Shrug?
By Laurence Ales; Carnegie Mellon University Andres Bellofatto; Carnegie Mellon University Jessie Jiaxu Wang; Carnegie Mellon University
Presented by: Andres Bellofatto, Carnegie Mellon University
Optimal Taxation of Wealthy Individuals
By Ali Shourideh; University of Pennsylavnia
Presented by: Ali Shourideh, University of Pennsylavnia
Session ID 112: Sovereign Debt II June 22, 2014 8:15 to 10:00 Carlson 1-135
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Hernan Seoane, Universidad Carlos III de Madrid
By ,
Presented by:
Sovereign debt issuance and selective default
By Wojciech Paczos; European University Institute Kirill Shakhnov; European University Institute
Presented by: Wojciech Paczos, European University Institute
Contagion of Financial Crises in Sovereign Debt Markets
By Sandra Lizarazo; Universidad Carlos III de Madrid
Presented by: Sandra Lizarazo, Universidad Carlos III de Madrid
Time-varying volatility, default and the sovereign risk premium
By Hernan Seoane; Universidad Carlos III de Madrid
Presented by: Hernan Seoane, Universidad Carlos III de Madrid
Session ID 121: Aggregate Demand and Stimulus June 22, 2014 8:15 to 10:00 Carlson 1-136
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Xavier Ragot, Paris School of Economics
Demand expectations and the timing of stimulus policies
By Bernardo Guimaraes; Sao Paulo School of Economics - FGV Caio Machado; Sao Paulo School of Economics - FGV
Presented by: Caio Machado, Sao Paulo School of Economics - FGV
Dispersed Beliefs and Aggregate Demand Management
By Sushant Acharya; Federal Reserve Bank of New York
Presented by: Sushant Acharya, Federal Reserve Bank of New York
Fiscal Stimulus Payments and Economic Activity in a Model of Liquidity-Constrained Households
By Ralph Lütticke; Uni Bonn Lien Pham-Dao
Presented by: Lien Pham-Dao,
Precautionary Saving and Aggregate Demand
By Edouard Challe; Ecole Polytechnique Julien Matheron; Banque de France Xavier Ragot; Paris School of Economics Juan Rubio-Ramirez; Duke University
Presented by: Xavier Ragot, Paris School of Economics
Session ID 127: Macro Finance June 22, 2014 8:15 to 10:00 Carlson 1-142
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Pamela Labadie, George Washington University
Learning about Rare Disasters: Joint Implications for Stocks and Bonds
By Max Gillman; University of Missouir, St Louis Michal Kejak; CERGE-EI Michal Pakos; Center for Economic Research & Graduate Education
Presented by: Michal Pakos, Center for Economic Research & Graduate Education
Risky, Lumpy Human Capital in Household Portfolios
By Kartik Athreya; Federal Reserve Bank of Richmond Felicia Ionescu; Federal Reserve Board Urvi Neelakantan; Federal Reserve Bank of Richmond
Presented by: Urvi Neelakantan, Federal Reserve Bank of Richmond
The Interaction between Job Search and Housing Decisions
By Silvio Rendon; Stony Brook University Núria Quella; SUNY - Stony Brook University
Presented by: Silvio Rendon, Stony Brook University
Constrained Efficient Wealth Distribution in a Private Information Economy
[slides]
By Pamela Labadie; George Washington University
Presented by: Pamela Labadie, George Washington University
Session ID 50: Business Cycles in Emerging Economies June 22, 2014 8:15 to 10:00 Carlson 1-143
Session Organizer: Fabrizio Perri, Federal Reserve Bank of Minneapolis
Session Chair: Jacek Rothert, United States Naval Academy
Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies
By Emine Boz; International Monetary Fund Pablo D'Erasmo; University of Maryland / FRB Philadelphi Bora Durdu; Federal Reserve Board
Presented by: Bora Durdu, Federal Reserve Board
Fewer but Better: Sudden Stops, Firm Entry, and Financial Selection
By Sina Ates; University of Pennsylvania Felipe Saffie; University of Pennsylvania
Presented by: Felipe Saffie, University of Pennsylvania
Credit Decomposition and Real Exchange Rate Dynamics
By Berrak Bahadir; University of Georgia Inci Gumus; Sabanci University
Presented by: Inci Gumus, Sabanci University
Business Cycle Accounting in a Small Open Economy
By Mohammad Rahmati; Sharif University of Technology Jacek Rothert; United States Naval Academy
Presented by: Jacek Rothert, United States Naval Academy
Session ID 92: Incentives June 22, 2014 8:15 to 10:00 Carlson 1-127
Session Organizer: Simon Board, University of California - Los Angeles
Session Chair: Akifumi Ishihara, Kyoto University
Robust Taxation with Dispersed Information
By Marina Delmondes de Carvalho; Yale University
Presented by: Marina Delmondes de Carvalho, Yale University
Simple Labor Income Tax Systems with Endogenous Employment Contracts
[slides]
By Anqi Li; Washington University in St. Louis Yiqing Xing; Stanford University
Presented by: Yiqing Xing, Stanford University
Optimal Stopping in a Dynamic Lemons Market
By Kenneth Mirkin; UCLA Brian Waters; UCLA Anderson
Presented by: Kenneth Mirkin, UCLA
Relational Contracting and Endogenous Formation of Teamwork
By Akifumi Ishihara; Kyoto University
Presented by: Akifumi Ishihara, Kyoto University
Session ID 62: Time Inconsistency June 22, 2014 8:15 to 10:00 Carlson 1-132
Session Organizer: David Ahn, University of California at berkeley
Session Chair: Pawel Dziewulski, University of Oxford
The Logical Consistency of Time Inconsistency: A Theory of Forward-looking Behavior
By Simone Galperti; University of California, San Diego Bruno Strulovici; Northwestern University
Presented by: Simone Galperti, University of California, San Diego
Time Inconsistency and Retirement Choice
By T. Scott Findley; Utah State University
Presented by: T. Scott Findley, Utah State University
Changing Tastes, Effective Consistency and Narrow Bracketing
[slides]
By Larry Selden; Columbia University Xiao Wei; University of Pennsylvania
Presented by: Xiao Wei, University of Pennsylvania
Efficiency and representation of a general equilibrium with time-dependent preferences
By Pawel Dziewulski; University of Oxford
Presented by: Pawel Dziewulski, University of Oxford
Session ID 70: Cartels and Productivity June 22, 2014 10:30 to 12:15 Hanson 1-103
Session Organizer: James Schmitz, Federal Reserve Bank of Minneapolis
Session Chair: James Schmitz, Federal Reserve Bank of Minneapolis
Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses
By Emin Dinlersoz; U.S. Census Bureau Jeremy Greenwood; University of Pennsylvania Henry Hyatt; US Census Bureau
Presented by: Emin Dinlersoz, U.S. Census Bureau
Within Industry Cartel Misallocation of Production for Non-Renewable Resources
By Ethan Singer; University of Minnesota
Presented by: Ethan Singer, University of Minnesota
What Ever Happened to the Puerto Rican Sugar Manufacturing Industry?
By Benjamin Bridgman; U.S. Bureau of Economic Analysis Michael Maio; University of Minnesota James Schmitz; Federal Reserve Bank of Minneapolis Arilton Teixeira; Capixaba Research Foundation
Presented by: James Schmitz, Federal Reserve Bank of Minneapolis
Automobile Maintenance Costs, Used Cars, and Private Information
By maxim engers; University of Virginia Monica Hartmann; University of St. Thomas Steven Stern; University of Virginia
Presented by: Monica Hartmann, University of St. Thomas
Session ID 40: Structural Models of Retirement and Insurance June 22, 2014 10:30 to 12:15 Hanson 1-105
Session Organizer: Eric French, UCL
Session Chair: Juan Pantano, Washington University in St. Louis
A life-cycle model of unemployment and disability insurance
By Sagiri Kitao; Hunter College
Presented by: Sagiri Kitao, Hunter College
Social Security Benefits, Life Expectancy and Early Retirement
By Maria Casanova; UCLA Daifeng He; College of William and Mary Qi Li; University of Chicago Juan Pantano; Washington University in St. Louis
Presented by: Juan Pantano, Washington University in St. Louis
Health Insurance Exchange Design in an Empirical Equilibrium Labor Market Model
By Naoki Aizawa; University of Pennsylvania
Presented by: Naoki Aizawa, University of Minnesota
Resolving the Annuity Puzzle: Estimating Lifecycle Models without (and with) Behavioral Data
By John Ameriks; The Vanguard Group, Inc. Joseph Briggs; New York University Andrew Caplin; NYU Matthew Shapiro; University of Michigan Christopher Tonetti; Stanford GSB
Presented by: Joseph Briggs, New York University
Session ID 25: Credit and Housing Markets June 22, 2014 10:30 to 12:15 Hanson 1-111
Session Organizer: Motohiro Yogo, Federal Reserve Bank of Minneapolis
Session Chair: Motohiro Yogo, Federal Reserve Bank of Minneapolis
Forecasting credit cards portfolio losses in the great recession: a study in model risk
By Jose Canals-Cerda
Presented by: Jose Canals-Cerda,
Recourse Mortgage Law and Asset Substitution: Evidence from the Housing Bubble
By TONG YOB NAM; University of Michigan SEUNGJOON OH; University of Michigan
Presented by: TONG YOB NAM, University of Michigan
Accounting for the Housing Market in China
By Guozhong Zhu; Peking University
Presented by: Guozhong Zhu, Peking University
Shadow Insurance
By Ralph Koijen; London Business School Motohiro Yogo; Federal Reserve Bank of Minneapolis
Presented by: Motohiro Yogo, Federal Reserve Bank of Minneapolis
Session ID 97: Heterogeneity and Inequality Across Space and Time June 22, 2014 10:30 to 12:15 Hanson 1-107
Session Organizer: Fatih Guvenen, University of Minnesota
Session Chair: Fabrizio Perri, Federal Reserve Bank of Minneapolis
Housing Frictions and Labor Mobility in the Presence of Migration Spillovers
By Sam Kapon; Federal Reserve Bank of New York Fatih Karahan; Federal Reserve Bank of New York Suryun Rhee; University of Pennsylvania
Presented by: Fatih Karahan, Federal Reserve Bank of New York
Fertility, Social Mobility and Long Run Inequality: Barro-Becker Families in a Bewley World
By Juan Cordoba; Iowa State University Marla Ripoll; University of Pittsburgh
Presented by: Marla Ripoll, University of Pittsburgh
The Geography of Social Change
By Alessandra Fogli; Minneapolis Federal Reserve Bank Stefania Marcassa; Université de Cergy-Pontoise
Presented by: Stefania Marcassa, Université de Cergy-Pontoise
Spatial Business Cycles
By Alessandra Fogli; Minneapolis Federal Reserve Bank enoch hill; university of minnesota Fabrizio Perri; Federal Reserve Bank of Minneapolis
Presented by: Fabrizio Perri, Federal Reserve Bank of Minneapolis
Session ID 113: International Trade II June 22, 2014 10:30 to 12:15 Hanson 1-109
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Robert Zymek, University of Edinburgh
Exchange Rate Regimes and Nominal Wage Comovements in a Dynamic Ricardian Model
By Yoshinori Kurokawa; University of Tsukuba Jiaren Pang; Tsinghua University Yao Tang; Bowdoin College
Presented by: Yao Tang, Bowdoin College
Endogenous Transportation Costs
By Jose Asturias; Georgetown University Scott Petty; University of Minnesota
Presented by: Jose Asturias, Georgetown University
Trade, Technology, and the Skill Premium: The Case of Mexico
By Andrea Waddle; University of Minnesota
Presented by: Andrea Waddle, University of Minnesota
Trade Theory and Trade Growth Since 1870
By Robert Zymek; University of Edinburgh
Presented by: Robert Zymek, University of Edinburgh
Session ID 13: Financial Intermediation and the Macroeconomy June 22, 2014 10:30 to 12:15 Carlson 1-127
Session Organizer: Motohiro Yogo, Federal Reserve Bank of Minneapolis
Session Chair: jae sim, Federal Reeserve Board
Optimal Monetary and Liquidity Policies: Gains and Pitfalls of A Macroprudential Approach
By jae sim; Federal Reeserve Board Michael Kiley; Federal Reserve Board
Presented by: jae sim, Federal Reeserve Board
Debt: Deleveraging or Default
By Guillermo Ordonez; University of Pennsylvania David Perez-Reyna; University of Minnesota Motohiro Yogo; Federal Reserve Bank of Minneapolis
Presented by: David Perez-Reyna, University of Minnesota
The Impact of CDS on Firm Financing and Investment: Borrowing Costs, Spillovers, and Default Risk
By Matthew Darst; George Washington University Ehraz Refayet; George Washington University
Presented by: Ehraz Refayet, George Washington University
Session ID 125: Advances in Development Economics June 22, 2014 10:30 to 12:15 Carlson 1-132
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Jan Grobovsek, University of Edinburgh
Economic Revolution: Song China and England
By Ronald A. Edwards; Tamkang University
Presented by: Ronald A. Edwards, Tamkang University
Consumption and Income Inequality in Sub-Saharan Africa: A Lifetime with No Humps and Low Partial Insurance
By Leandro De Magalhaes; University of Bristol Raul Santaeulalia-Llopis; Washington University in St. Louis
Presented by: Leandro De Magalhaes, University of Bristol
Can Intra-Regional Trade Act as a Global Shock Absorber in Africa?
By Zuzana Brixiova; African Development Bank Qingwei Meng; African Development Bank Mthuli Ncube; African Development Bank
Presented by: Zuzana Brixiova, African Development Bank
Communal Land and Agricultural Productivity
By Charles Gottlieb; Oxford University Jan Grobovsek; University of Edinburgh
Presented by: Jan Grobovsek, University of Edinburgh
Session ID 130: Business Cycles II June 22, 2014 10:30 to 12:15 Carlson 1-135
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Malik Shukayev, Bank of Canada
Endogenous Wage Indexation and Aggregate Shocks
[slides]
By Julio Carrillo; Banco de Mexico
Presented by: Julio Carrillo, Banco de Mexico
Factor Specificity and Real Rigidities
By Fernanda Nechio; Federal Reserve Bank of San Francisco Carlos Carvalho; Pontificia Universidade Catolica do Rio
Presented by: Fernanda Nechio, Federal Reserve Bank of San Francisco
Microfoundations of Inflation Persistence in the New Keynesian Phillips Curve
[slides]
By Marcelle Chauvet; University of California Riverside Insu Kim; University of California, Riverside
Presented by: Insu Kim, University of California, Riverside
Does short-term bank funding enhance the possibility of firesales?
By Malik Shukayev; Bank of Canada Alexander Ueberfeldt; Bank of Canada
Presented by: Malik Shukayev, Bank of Canada
Session ID 129: Macroeconomic Theory II June 22, 2014 10:30 to 12:15 Carlson 1-142
Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Hengjie Ai, University of Minnesota
A Theory of Optimal Capital Structure and Endogenous Bankruptcy
By Hengjie Ai; University of Minnesota
Presented by: Hengjie Ai, University of Minnesota
Optimal Capital Taxation with Constrained Borrowing and Distorted Beliefs
By Nina Biljanovska; Goethe University Frankfurt
Presented by: Nina Biljanovska, Goethe University Frankfurt
Optimal Dynamic Fiscal Policy in a Model with Uninsurable Idiosyncratic Shocks
By Sebastian Dyrda; University of Minnesota Marcelo Zouain Pedroni; University of Minnesota
Presented by: Marcelo Zouain Pedroni, University of Minnesota
Can Borrowing Costs Explain the Consumption Hump?
By Nick Guo; University of Wisconsin - Whitewater
Presented by: Nick Guo, University of Wisconsin - Whitewater
Session ID 93: Information Manipulation June 22, 2014 10:30 to 12:15 Carlson 1-143
Session Organizer: David Rahman, University of Minnesota
Session Chair: Tomasz Sadzik, UCLA
Information Acquisition and Strategic Sequencing in Bilateral Trading: Is Ignorance Bliss?
By Silvana Krasteva; Texas A&M University Huseyin Yildirim; Duke University
Presented by: Silvana Krasteva, Texas A&M University
What are reference rates for?
By Divya Kirti
Presented by: Divya Kirti,
Insider Trading and Multidimensional Uncertainly
[slides]
By Tomasz Sadzik; UCLA Christopher Woolnough; New York University
Presented by: Tomasz Sadzik, UCLA