2007 North American Winter Meetings of the Econometric Society

Summary of All Sessions

#Date/TimeLocationTypeTitlePapersOrganizer
1January 5, 2007
2:30-4:30
Summit-Room 9 invited Issues in Multiple Agent Economies4Jose-Victor Rios-Rull
2January 5, 2007
2:30-4:30
Summit-Room 10 contributed Technology and Business Cycles4Ellen McGrattan
3January 5, 2007
2:30-4:30
Summit-Room 1A invited The Development and Labor Market Significance of Noncognitive Skills4Petra Todd
4January 5, 2007
2:30-4:30
Summit-Room 3 contributed Productivity and the Firm4Thomas Holmes
5January 5, 2007
2:30-4:30
Summit-Room 1B invited International Fluctuations: Cycles and Crises4Patrick Kehoe
6January 5, 2007
2:30-4:30
Summit-Room 7 contributed Information Transmission in Organizations4Antonio Merlo
7January 5, 2007
8:00-10:00
Summit-Room 1B contributed Microeconometrics4Yuichi Kitamura
8January 5, 2007
8:00-10:00
Summit-Room 9 invited Wage Dynamics4Jean-Marc Robin
9January 5, 2007
8:00-10:00
Summit-Room 3 contributed Semiparametric/Nonparametric Methods4Yuichi Kitamura
10January 5, 2007
8:00-10:00
Summit-Room 10 invited Firms' Behavior, Financial Imperfections, and the Macroeconomy4Patrick Kehoe
11January 5, 2007
8:00-10:00
Summit-Room 1A contributed Defaults4Antonio Merlo
12January 5, 2007
8:00-10:00
Summit-Room 7 invited Empirical and Experimental Studies of Strategic Voting4Thomas Palfrey
13January 5, 2007
10:15-12:15
Summit-Room 1B contributed Volatility and Jumps4Erzo Luttmer
14January 5, 2007
10:15-12:15
Summit-Room 1A contributed The Modern Workplace: Firm Organization, Worker Training and Job Characteristics 4Petra Todd
15January 5, 2007
10:15-12:15
Summit-Room 10 invited Retirement and Health4John Rust
16January 5, 2007
10:15-12:15
Summit-Room 3 invited Insitutional Dynamics4Antonio Merlo
17January 5, 2007
10:15-12:15
Summit-Room 7 invited Inflation and Monetary Policy4Nobuhiro Kiyotaki
18January 5, 2007
10:15-12:15
Summit-Room 9 contributed Dynamic Models in Industrial Organization3Philip Haile
19January 6, 2007
2:30-4:30
Summit-Room 1A contributed Asset Pricing4Erzo Luttmer
20January 6, 2007
2:30-4:30
Summit-Room 10 invited Housing3Antonio Merlo
21January 6, 2007
2:30-4:30
Summit-Room 3 invited Foreign Direct Investment: Causes and Consequences3Robert Feenstra
22January 6, 2007
2:30-4:30
Summit-Room 1B invited Long-run and Short-run Implications of International Financial Integration4Enrique G. Mendoza
23January 6, 2007
2:30-4:30
Summit-Room 9 invited Modeling Bounded Rationality in Games4Thomas Palfrey
24January 6, 2007
8:00-10:00
Summit-Room 1A contributed Public Economics4Russell Cooper
25January 6, 2007
8:00-10:00
Summit-Room 10 invited Structural Estimation: Theory and Applications4John Rust
26January 6, 2007
8:00-10:00
Summit-Room 3 invited Structural Change, Trade, and Growth4Caroline Betts
27January 6, 2007
8:00-10:00
Summit-Room 1B invited Empirical Likelihood and GMM4Yuichi Kitamura
28January 6, 2007
8:00-10:00
Summit-Room 9 invited Industrial Organization of Health Care Markets4Philip Haile
29January 6, 2007
10:15-12:15
Summit-Room 1B invited Financing Constraints and Aggregate Economy4Nobuhiro Kiyotaki
30January 6, 2007
10:15-12:15
Summit-Room 9 contributed Trade and Productivity4Timothy Kehoe
31January 6, 2007
10:15-12:15
Summit-Room 10 contributed Measuring Welfare Gains3Ellen McGrattan
32January 6, 2007
10:15-12:15
Summit-Room 3 contributed Ambiguity and disagreement4George Mailath
33January 6, 2007
10:15-12:15
Summit-Room 1A invited Monetary Theory and Evidence3Robert Lucas
34January 7, 2007
1:00-3:00
Summit-Room 1A invited Development, marriage, and the value of women4Andrew Foster
35January 7, 2007
1:00-3:00
Summit-Room 10 invited Global Games4Stephen Morris
36January 7, 2007
1:00-3:00
Summit-Room 3 invited Exchange Rates and Prices4Caroline Betts
37January 7, 2007
1:00-3:00
Summit-Room 1B invited Business Cycles and Labor markets3Jose-Victor Rios-Rull
38January 7, 2007
1:00-3:00
Summit-Room 9 contributed Spatial Economics4Thomas Holmes
39January 7, 2007
8:00-10:00
Summit-Room 3 contributed Labor Market Dynamics3Petra Todd
40January 7, 2007
8:00-10:00
Summit-Room 1B contributed Open Economy Macroeconomics4Fabrizio Perri
41January 7, 2007
8:00-10:00
Summit-Room 10 contributed Evaluation of Public Policies4Jean-Marc Robin
42January 7, 2007
8:00-10:00
Summit-Room 9 contributed Game Theory3George Mailath
43January 7, 2007
8:00-10:00
Summit-Room 7 invited Macroeconomic Effects of Financial Frictions in Emerging Markets4Enrique G. Mendoza
44January 7, 2007
8:00-10:00
Summit-Room 1A contributed Dynamic Factor Demand4Russell Cooper
45January 7, 2007
10:15-12:15
Summit-Room 10 invited Conflict and Cooperation4Stephen Morris
46January 7, 2007
10:15-12:15
Summit-Room 3 invited Aspects of Structural Transformations4Richard Rogerson
47January 7, 2007
10:15-12:15
Summit-Room 7 invited New perspectives on market failure and development4Andrew Foster
48January 7, 2007
10:15-12:15
Summit-Room 1B contributed Trade, Foreign Investment, and Globalization4Timothy Kehoe
49January 7, 2007
10:15-12:15
Summit-Room 9 invited Product Variety and Quality in Trade4Robert Feenstra
50January 7, 2007
10:15-12:15
Summit-Room 1A contributed Political Economy4Antonio Merlo
 

50 sessions, 192 papers


 

2007 North American Winter Meetings of the Econometric Society

Complete List of All Sessions


Session 1: Issues in Multiple Agent Economies

Session Organizer: Jose-Victor Rios-Rull, University of Pennsylvania
Session Chair: Xavier Mateos-Planas, University of Southampton
Session type: invited
Date: January 5, 2007
Time: 2:30 - 4:30
Location: Summit-Room 9
 

A model of credit limits and bankruptcy with applications to welfare and indebtedness
By Xavier Mateos-Planas, SUNY at Stony Brook (U.S.) and University of Southampton (U.K.)
   Presented by: Xavier Mateos-Planas, University of Southampton
   Discussant: Yaz Terajima, Bank of Canada
 

Firm Life-Cycle Dynamics and Productivity
By Danny Leung, Bank of Canada Cesaire Meh, Bank of Canada Yaz Terajima, Bank of Canada
   Presented by: Yaz Terajima, Bank of Canada
   Discussant: Irina Telyukova, University of Pennsylvania
 

The tax treatment of homeowners and landlords
By Matthew Chambers Towson University Carlos Garriga Florida State University
   Presented by: Carlos Garriga, Florida State University
   Discussant: Gustavo Ventura, Pennsylvania State University
 

Taxation, Aggregates and the Household
By Gustavo Ventura, Pennsylvania State University Nezih Guner, Universidad Carlos III Remzi Kaygusuz, Pennsylvania State University
   Presented by: Gustavo Ventura, Pennsylvania State University
   Discussant: Carlos Garriga, Florida State University

Session 2: Technology and Business Cycles

Session Organizer: Ellen McGrattan, Federal Reserve Bank of Minneapolis
Session Chair: R. Braun, University of Tokyo
Session type: contributed
Date: January 5, 2007
Time: 2:30 - 4:30
Location: Summit-Room 10
 

The Response of Hours to Technology Shocks: Much Ado About Nothing?
By Thomas Laubach Board of Governors of the Federal Reserve System John C. Williams Federal Reserve Bank of San Francisco
   Presented by: John Williams, Federal Reserve Bank of San Francisco
   Discussant: Agostino Consolo, Bocconi University
 

What Happens When MFP Grows Faster in the IT Sector?
By Dale Henderson, Federal Reserve Board Jinill Kim, Federal Reserve Board Luca Guerrieri, Federal Reserve Board
   Presented by: Dale Henderson, Federal Reserve Board
 

Rational Inattention and Aggregate Fluctuations
By Yulei Luo, The University of Hong Kong Eric Young, The University of Virginia
   Presented by: Yulei Luo, public
   Discussant: Matthias Paustian, Bowling Green State University
 

U.S. R&D and Japanese Medium Term Cycles
By R. Anton Braun University of Tokyo Toshihiro Okada Kwansei Gakuin University Nao Sudou Bank of Japan and Boston University
   Presented by: R. Braun, University of Tokyo

Session 3: The Development and Labor Market Significance of Noncognitive Skills

Session Organizer: Petra Todd, University of Pennsylvania
Session Chair: James Heckman, The University of Chicago
Session type: invited
Date: January 5, 2007
Time: 2:30 - 4:30
Location: Summit-Room 1A
 

Misbehavior, Education and Labor Market Outcomes
By Carmit Segal, Harvard Business School
   Presented by: Carmit Segal, Harvard Business School
 

The Economics of Noncognitive Skills
By Allard Bruinshoofd, Maastricht University James J. Heckman, University of Chicago Bas ter Weel, Maastricht University
   Presented by: Bas ter Weel, University of Maastricht
 

Estimating the Elasticity of Substitution Between Early and Late Investments in the Technology of Cognitive and Noncognitive Skill Formation
By Flavio Cunha, University of Chicago James J. Heckman, University of Chicago Susanne Schennach, University of Chicago
   Presented by: Susanne Schennach, University of Chicago
 

The Role of Abilities and Schooling Choices in Explaining Racial Labor Market Gaps
By Sergio Urzua
   Presented by: Sergio Urzua, University of Chicago

Session 4: Productivity and the Firm

Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Thomas Holmes, University of Minnesota
Session type: contributed
Date: January 5, 2007
Time: 2:30 - 4:30
Location: Summit-Room 3
 

Why Is Scale So Important in Vertical Integration?
By Ali Hortacsu, University of Chicago and NBER Chad Syverson, University of Chicago and NBER
   Presented by: Chad Syverson,
   Discussant: Thomas Holmes, University of Minnesota
 

Structural Identification of Production Functions
By Daniel Ackerberg, UCLA Kevin Caves, Deloitte and Touche Garth Frazer, University of Toronto
   Presented by: Daniel Ackerberg, UCLA
   Discussant: Amil Petrin, University of Chicago
 

A Flexible Approach to Estimating Production Functions When Output Prices and Quantities are Unobserved
By Dennis Epple, Carnegie Mellon University Brett Gordon, Carnegie Mellon University Holger Sieg, Carnegie Mellon University
   Presented by: Holger Sieg, Carnegie Mellon University
   Discussant: Mark Roberts, Pennsylvania State University
 

Do Firms Maximize Profits? Suboptimal Replacement Decisions by a Profitable Car Rental Company
By Sungjin Cho, Hanyang University John Rust, University of Maryland
   Presented by: John Rust, University of Maryland
   Discussant: Adam Copeland, Department of Commerce

Session 5: International Fluctuations: Cycles and Crises

Session Organizer: Patrick Kehoe, Federal Reserve Bank of Minneapolis
Session Chair: Doireann Fitzgerald, Stanford University
Session type: invited
Date: January 5, 2007
Time: 2:30 - 4:30
Location: Summit-Room 1B
 

Trade Costs, Asset Market Frictions and Risk Sharing: A Joint Test
By Doireann Fitzgerald, UC-Santa Cruz
   Presented by: Doireann Fitzgerald, Stanford University
   Discussant: Miklos Koren, Fed Reserve Bank of New York
 

What Are the Driving Forces of International Business Cycles?
By Mario J. Crucini, Vanderbilt University M. Ayhan Kose, International Monetary Fund Christopher Otrok, University of Virginia
   Presented by: Christopher Otrok, University of Virginia
   Discussant: Vivian Zhanwei Yue, New York University
 

Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
By Enrique G. Mendoza (University of Maryland, NBER and International Monetary Fund) P Marcelo Oviedo (Iowa State University)
   Presented by: Marcelo Oviedo, Iowa State University
   Discussant: Yan Bai, private
 

Averting a Fiscal Financial Crisis within the EMU
By Betty C. Daniel University at Albany - SUNY
   Presented by: Betty Daniel, State University of New York
   Discussant: Espen Henriksen, University of Oslo

Session 6: Information Transmission in Organizations

Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Amil Dasgupta, London School of Economics
Session type: contributed
Date: January 5, 2007
Time: 2:30 - 4:30
Location: Summit-Room 7
 

Credulity, Lies, and Costly Talk
By Navin Kartik (UC San Diego) Marco Ottaviani (London Business School) Francesco Squintani (University College London)
   Presented by: Navin Kartik, University of California San Diego
 

The incentives of a monopolist to degrade interoperability
By Christos Genakos University of Cambridge and Centre for Economic Performance Kai-Uwe Kuhn University of Michigan and CEPR John Van Reenen London School of Economics
   Presented by: John Van Reenen,
 

Who Gets to the Top: Generalists versus Specialists in Organizations
By Daniel Ferreira, Universidade Nova de Lisboa Raaj Sah, University of Chicago
   Presented by: Daniel Ferreira, Universidade Nova de Lisboa
 

Asset Price Dynamics When Traders Care About Reputation
By Amil Dasgupta, LSE and CEPR Andrea Prat, LSE and CEPR
   Presented by: Amil Dasgupta, London School of Economics

Session 7: Microeconometrics

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Ivan Fernandez-Val, Boston University
Session type: contributed
Date: January 5, 2007
Time: 8:00 - 10:00
Location: Summit-Room 1B
 

An Improved Nonparametric Entropy Estimator for Serial Dependence
By Yongmiao Hong, Cornell University Wenjie Zhang, Cornell University
   Presented by: Yongmiao Hong,
 

A Simple Way to Calculate Confidence Intervals for Partially Identified Parameters
By Tiemen Woutersen Johns Hopkins University
   Presented by: Tiemen Woutersen, private
 

Identification of Binary Outcome Distributions with Multiplicative Contamination
By Brent Kreider (Iowa State Univ) John Pepper (Univ of Virginia)
   Presented by: John Pepper, University of Virginia
 

Bias Corrections for Two-Step Fixed Effects Panel Data Estimators
By Ivan Fernandez-Val, Boston University Frank Vella, Georgetown
   Presented by: Ivan Fernandez-Val, Boston University

Session 8: Wage Dynamics

Session Organizer: Jean-Marc Robin, U. of Paris 1, UCL, IFS and CEPR
Session Chair: Joseph Altonji, Yale University
Session type: invited
Date: January 5, 2007
Time: 8:00 - 10:00
Location: Summit-Room 9
 

Wage risk and employment risk over the life cycle
By Hamish Low (University of Cambridge) Costas Meghir (University College London) Luigi Pistaferri (Stanford University)
   Presented by: Luigi Pistaferri, Stanford University
 

Modeling Earnings Dynamics
By Joseph G. Altonji, Yale University Anthony A. Smith, Yale University Ivan Vidangos, Yale University
   Presented by: Joseph Altonji, Yale University
 

A Feasible Equilibrium Model of Individual Wage Dynamics With Human Capital Accumulation
By Jesper Bagger University of Aarhus, Dk Francois Fontaine University of Strasbourg Fabien Postel-Vinay University of Bristol and PSE Jean-Marc Robin University of Paris 1 and UCL
   Presented by: Fabien Postel-Vinay, University of Bristol
 

The Returns to Seniority in France (and Why Are They Lower than in the U.S.?)
By Magali Beffy CREST-INSEE Moshe Buchinsky UCLA Denis Fougère CREST-INSEE Thierry Kamionka CREST-INSEE Francis Kramarz CREST-INSEE
   Presented by: Francis Kramarz, Crest-Insee

Session 9: Semiparametric/Nonparametric Methods

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Eric Renault,
Session type: contributed
Date: January 5, 2007
Time: 8:00 - 10:00
Location: Summit-Room 3
 

Semiparametric Power Envelopes for Tests of the Unit Root Hypothesis
By Michael Jansson, UC Berkeley
   Presented by: Michael Jansson, University of California, Berkeley
 

Semi-Parametric Estimation of the Taste Distribution in Random Coefficients Logit Models
By Matthew Harding, MIT and Harvard Jerry Hausman, MIT
   Presented by: Jerry Hausman, MIT
 

Estimating linear functionals of nonparametric regression models with endogenous regressors
By Thomas A. Severini Department of Statistics Northwestern University Gautam Tripathi Department of Economics University of Connecticut
   Presented by: Gautam Tripathi, University of Connecticut – Storrs
 

Instrumental variables estimators based on principal components
By Marine Carrasco, Universite de Montreal
   Presented by: Marine Carrasco, Universite de Montreal

Session 10: Firms' Behavior, Financial Imperfections, and the Macroeconomy

Session Organizer: Patrick Kehoe, Federal Reserve Bank of Minneapolis
Session Chair: Vivian Zhanwei Yue, New York University
Session type: invited
Date: January 5, 2007
Time: 8:00 - 10:00
Location: Summit-Room 10
 

Interest Rate Swaps and Corporate Swap
By Vivian Z. Yue New York University, Urban Jermann University of Pennsylvania
   Presented by: Vivian Zhanwei Yue, New York University
   Discussant: Adrien Verdelhan, Boston University
 

Enforcement, Incomplete Contracts and Firms
By Cristina Arellano, University of Minnesota Yan Bai, Arizona State University, and Jing Zhang, University of Michigan
   Presented by: Cristina Arellano, public
   Discussant: Erwan Quintin, Dallas Fed
 

Imports and Productivity
By Miklos Koren Federal Reserve Bank of New York, Laszlo Halpern Hungarian Academy of Sciences, Adam Szeidl University of California - Berkeley
   Presented by: Miklos Koren, Fed Reserve Bank of New York
   Discussant: Doireann Fitzgerald, Stanford University
 

Post-war capital restrictions, demographics and welfare costs
By Espen Henriksen University of Oslo
   Presented by: Espen Henriksen, University of Oslo
   Discussant: Marcelo Oviedo, Iowa State University

Session 11: Defaults

Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Rod Garratt, University of California
Session type: contributed
Date: January 5, 2007
Time: 8:00 - 10:00
Location: Summit-Room 1A
 

How much debtors' punishment?
By Aloisio Araujo, IMPA and Getúlio Vargas Foundation Bruno Funchal, Getúlio Vargas Foundation
   Presented by: Bruno Funchal, Getulio Vargas Foundation
 

The Time Structure of Price Impact
By Marzena J. Rostek, University of Wisconsin-Madison Marek Weretka, University of Wisconsin-Madison
   Presented by: Marzena Rostek, University of Wisconsin-Madison
 

Empirical Testing of Adverse Selection and Moral Hazard in the Consumer Credit Card Market
By Yingyao Hu, UT Austin Wei Tan, SUNY Stony Brook
   Presented by: Wei Tan, State University of New York at Stony Brook
 

Bank Runs as Coordination Failures: An Experimental Study
By Rod Garratt, Department of Economics, University of California, Santa Barbara, CA 93106 Todd Keister, Federal Reserve Bank of New York
   Presented by: Rod Garratt, University of California

Session 12: Empirical and Experimental Studies of Strategic Voting

Session Organizer: Thomas Palfrey, Princeton University
Session Chair: John Duffy, University of Pittsburgh
Session type: invited
Date: January 5, 2007
Time: 8:00 - 10:00
Location: Summit-Room 7
 

The Paradox of Voter Participation: An Experimental Study
By David K. Levine, UCLA Thomas Palfrey, Princeton
   Presented by: D. Levine, UCLA
   Discussant: Michael Conlin, Michigan State University
 

Beliefs and Voting Decisions: A Test of the Pivotal Voter Model
By John Duffy, University of Pittsburgh Margit Tavits, University of Missouri
   Presented by: John Duffy, University of Pittsburgh
   Discussant: Marco Battaglini, Princeton University
 

The Swing Voter's Curse in the Laboratory
By Marco Battaglini, Princeton Rebecca Morton, NYU Thomas Palfrey, Princeton
   Presented by: Marco Battaglini, Princeton University
   Discussant: John Duffy, University of Pittsburgh
 

The Performance of the Pivotal Voter Model in Small-scale Elections: Evidence from Texas Liquor Referenda
By Stephen Coate, Cornell University Michael Conlin, Michigan State University Andrea Moro, Federal Reserve Bank of New York
   Presented by: Stephen Coate, Cornell University
   Discussant: D. Levine, UCLA

Session 13: Volatility and Jumps

Session Organizer: Erzo Luttmer, University of Minnesota
Session Chair: Torben Andersen, Northwestern Univeristy, Kellogg School
Session type: contributed
Date: January 5, 2007
Time: 10:15 - 12:15
Location: Summit-Room 1B
 

Realized Jumps on Financial Markets and Predicting Credit Spreads
By George Tauchen, Duke University Hao Zhou, Federal Reserve Board
   Presented by: Hao Zhou, Federal Reserve Board
 

A New Test for Jumps in Asset Prices
By George J. Jiang, Finance Department, Eller College of Management, University of Arizona, Tucson, Arizona 85721-0108. E-mail: gjiang@eller.arizona.edu.
   Presented by: George Jiang, U. of Arizona/York U.
 

Forecasting Intraday Volatility in the US Equity Market. Multiplicative Component GARCH
By Robert F. Engle, Magdalena E. Sokalska and Ananda Chanda
   Presented by: Magdalena Sokalska, University of California-San Diego (Warsaw School of Economics)
 

The Economic Determinants of Interest Rate Volatility in the U.S. Treasury Market
By Torben G. Andersen, Kellogg School, Northwestern University Luca Benzoni, Carlson School, University of Minnesota
   Presented by: Torben Andersen, Northwestern Univeristy, Kellogg School

Session 14: The Modern Workplace: Firm Organization, Worker Training and Job Characteristics

Session Organizer: Petra Todd, University of Pennsylvania
Session Chair: Petra Todd, University of Pennsylvania
Session type: contributed
Date: January 5, 2007
Time: 10:15 - 12:15
Location: Summit-Room 1A
 

Downsizing the Hierarchical Workplace: Evidence on Job Structure and the Earnings Distribution
By Gerard Pfann, Maastricht University, The Netherlands Ben Kriechel, Maastricht University, The Netherlands
   Presented by: Gerard Pfann, Maastricht University
 

Lost Jobs and Health Insurance: An Analysis of the Impact of Employment Volatility on Firm provided Health Insurance Coverage
By Julia Lane, Norc/University of Chicago Fredrik Andersson, Cornell University Iben Bolvig, University of Aarhus
   Presented by: Julia Lane, NORC/University of Chicago
 

Training in Firms, Learning and Career Mobility: Evidence from Italian Personnel Data
By Elena Pastorino (University of Iowa) Melissa Tartari (Yale University)
   Presented by: Elena Pastorino, University of Iowa
 

Climbing the Ladder - School Organization, Institutions and Efficient Educational Production
By Thomas Fuchs Ifo Institute for Economic Research at the University of Munich
   Presented by: Thomas Fuchs, Ifo Institute for Economic Research

Session 15: Retirement and Health

Session Organizer: John Rust, University of Maryland
Session Chair: John Rust, University of Maryland
Session type: invited
Date: January 5, 2007
Time: 10:15 - 12:15
Location: Summit-Room 10
 

Wealth, Retirement Well-Being, and Realized and Unrealized Capital Gains
By Hugo Benítez-Silva SUNY-Stony Brook Selcuk Eren SUNY-Stony Brook and Hamilton College Frank Heiland Florida State University Sergi Jiménez-Martín Universitat Pompeu Fabra
   Presented by: Selcuk Eren, SUNY - Stony Brook
 

differential mortality, uncertain medical expenses, and the savings of elderly singles
By Mariacristina DeNardi, Federal Reserve Bank of Chicago and University of Minnesota; Eric French, Federal Reserve Bank of Chicago; John Jones, SUNY-Albany
   Presented by: Eric French, Federal Reserve Bank of Chicago
 

Cross Country Comparison of the Effects of Social Security and Employment Uncertainty on the Labor Supply and Search Behavior of Older Workers
By Hugo Benitez-Silva, SUNY-Stony Brook J. Ignacio Garcia-Perez, Universidad Pablo de Olavide Sergi Jimenez-Martin, Universitat Pompeu Fabra
   Presented by: Hugo Benitez-Silva, State University of New York
 

Cracking Open the Nest Egg: Are Older Households Withdrawing Too Fast from Their DC Plans?
By David A. Love, Assistant Professor of Economics, Williams College Paul A. Smith, Economist, Federal Reserve Board
   Presented by: David Love, Williams College

Session 16: Insitutional Dynamics

Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Amrita Dhillon, University of Warwick
Session type: invited
Date: January 5, 2007
Time: 10:15 - 12:15
Location: Summit-Room 3
 

Dynamic Stability and Reform of Political Institutions
By Roger Lagunoff, Georgetown University
   Presented by: Roger Lagunoff, Georgetown University
 

A Theory of Organizational Dynamics: Internal Politics and Efficiency
By Hongbin Cai, Peking University Feng Hong, UCLA
   Presented by: Hongbin Cai, public
 

Dynamic Regulation of Public Good Quality
By Stephane Auray University of Lille 3, GREMARS and CIRPEE Thomas Mariotti University of Toulouse 1, GREMAQ, IDEI and CEPR Fabien Moizeau University of Toulouse 1 and GREMAQ
   Presented by: Stéphane Auray, University of Lille 3, GREMARS, CIRPEE
 

Uncertianty and the Quality of Institutions
By Amrita Dhillon (University of Warwick) Jamele Rigolini (World Bank)
   Presented by: Amrita Dhillon, University of Warwick

Session 17: Inflation and Monetary Policy

Session Organizer: Nobuhiro Kiyotaki, London School of Economics
Session Chair: Nobuhiro Kiyotaki, London School of Economics
Session type: invited
Date: January 5, 2007
Time: 10:15 - 12:15
Location: Summit-Room 7
 

The Conquest of South American Inflation
By Thomas Sargent, NYU Noah Williams, Princeton Tao Zha, Federal Reserve Bank of Atlanta
   Presented by: Noah Williams, Princeton University
 

Temporal Distribution of Price Changes: Staggering in the Large and Synchronization in the Small.
By Jerzy D. Konieczny, Wilfrid Laurier University Emmanuel Dhyne, National Bank of Belgium
   Presented by: Jerzy (Jurek) D. Konieczny, Wilfrid Laurier University
 

Optimal Discretionary Monetary Policy under Downward Nominal Wage Rigidity
By Mikael Carlsson, Research unit, Swedish Central Bank Andreas Westermark, Department of Economics, Uppsala University
   Presented by: ANDREAS WESTERMARK, UPPSALA UNIVERSITY
 

Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections
By Glenn D. Rudebusch, Federal Reserve Bank of San Francisco John C. Williams, Federal Reserve Bank of San Francisco
   Presented by: Glenn Rudebusch, Federal Reserve Bank of San Francisco

Session 18: Dynamic Models in Industrial Organization

Session Organizer: Philip Haile, Yale University
Session Chair: Randolph Preston McAfee,
Session type: contributed
Date: January 5, 2007
Time: 10:15 - 12:15
Location: Summit-Room 9
 

Long-Lived Consumers, Intertemporal Bundling, and Tacit Collusion
By James D. Dana Jr., Northwestern University Yuk-Fai Fong, Northwestern University
   Presented by: Yuk-Fai Fong, Northwestern University
   Discussant: Randolph Preston McAfee,
 

Patents, Imitation and Licensing In an Asymmetric Dynamic R&D Race
By Chaim Fershtman, Tel-Aviv University Sarit Markovich, Tel-Aviv University
   Presented by: Sarit Markovich, public
   Discussant: Jennifer Reinganum, Vanderbilt University
 

First-Price and Second-Price Auctions with Resale
By Bernard Lebrun York University
   Presented by: Bernard Lebrun, York University
   Discussant: Rod Garratt, University of California

Session 19: Asset Pricing

Session Organizer: Erzo Luttmer, University of Minnesota
Session Chair: Jessica Wachter, Wharton School of Business
Session type: contributed
Date: January 6, 2007
Time: 2:30 - 4:30
Location: Summit-Room 1A
 

The Return to Wealth, Asset Pricing, and the Intertemporal Elasticity of Substitution
By Ravi Bansal, Duke University Thomas Tallarini, Federal Reserve Board Amir Yaron, University of Pennsylvania
   Presented by: Thomas Tallarini, The Federal Reserve Board
 

Can Standard Preferences Explain the Prices of Out-of-the-Money S&P 500 Put Options?
By LUCA BENZONI, University of Minnesota PIERRE COLLIN-DUFRESNE, University of California, Berkeley, and NBER ROBERT S. GOLDSTEIN, University of Minnesota and NBER
   Presented by: Luca Benzoni,
 

Dynamic Asset Allocation: A Portfolio Decomposition Formula and Applications
By Jerome Detemple, Boston University School of Management Marcel Rindisbacher, Rotman School of Management, University of Toronto
   Presented by: Marcel Rindisbacher, University of Toronto
 

Evaluating the Evidence on Return Predictability: A Bayesian Inference Perspective
By Jessica Wachter, University of Pennsylvania and NBER Missaka Warusawitharana, University of Pennsylvania
   Presented by: Jessica Wachter, Wharton School of Business

Session 20: Housing

Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Dennis Epple, Carnegie Mellon University
Session type: invited
Date: January 6, 2007
Time: 2:30 - 4:30
Location: Summit-Room 10
 

Directed Search in the Housing Market
By James Albrecht, Georgetown University Pieter Gautier, Free University of Amsterdam Susan Vroman, Georgetown University
   Presented by: James Albrecht,
 

Models of Bargaining and Price Determination of Residential Real Estate, with and without Real Estate Agents
By Antonio Merlo, University of Pennsylvania Francois Ortalo-Magne, University of Wisconsin - Madison John Rust, University of Maryland
   Presented by: Francois Ortalo-Magne, University of Wisconsin Madison
 

Household Life Cycle Location Choices and The Dynamics of Metropolitan Communities
By Dennis Epple, Carnegie Mellon University & NBER Richard Romano, University of Florida at Gainesville Holger Sieg, Carnegie Mellon University & NBER
   Presented by: Dennis Epple, Carnegie Mellon University

Session 21: Foreign Direct Investment: Causes and Consequences

Session Organizer: Robert Feenstra, University of California, Davis
Session Chair: Bruce Blonigen, University of Oregon
Session type: invited
Date: January 6, 2007
Time: 2:30 - 4:30
Location: Summit-Room 3
 

Measuring the Technology Content of China's Exports
By Bin Xu, China Europe International Business School
   Presented by: Bin Xu, China Europe Intl Business School
   Discussant: James Tybout, Pennsylvania State University
 

How Much Do Low Wages Matter for Foreign Investment? The Case of China
By Xuepeng Liu, Kennesaw State University Mary E. Lovely, Syracuse University Jan Ondrich, Syracuse University
   Presented by: Mary Lovely,
   Discussant: Ann Harrison, UC Berkeley
 

The Effect of FDI on Worker Displacement
By Sascha O. Becker, Ludwig-Maximilians-Universitaet Munich Marc-Andreas Muendler, University of California at San Diego
   Presented by: Marc-Andreas Muendler,
   Discussant: Raymond Robertson, MACALESTER COLLEGE

Session 22: Long-run and Short-run Implications of International Financial Integration

Session Organizer: Enrique G. Mendoza, University of Maryland
Session Chair: Linda Tesar,
Session type: invited
Date: January 6, 2007
Time: 2:30 - 4:30
Location: Summit-Room 1B
 

Why Does Capital Flow to Rich States?
By Sebnem Kalemli-Ozcan, University of Houston and NBER Ariel Reshef, New York University Bent E. Sorensen University of Houston and CEPR Oved Yosha (deceased, Tel Aviv University)
   Presented by: Bent Sorensen, University of Houston
   Discussant: Katherine Smith,
 

Financial Markets Integration, Risk Sharing, and Investor
By Vadym Volosovych Department of Economics, Florida Atlantic University
   Presented by: Vadym Volosovych, Florida Atlantic University
   Discussant: Doireann Fitzgerald, Stanford University
 

Financial Integration and International Risk Sharing
By Yan Bai, Arizona State University Jing Zhang, University of Michigan
   Presented by: Jing Zhang, public
   Discussant: Laura Alfaro, Harvard Business School
 

A Welfare Analysis of Capital Account Liberalization
By Juergen von Hagen, University of Bonn, Indiana University, CEPR Haiping Zhang, University of Bonn
   Presented by: Haiping Zhang, University of Bonn
   Discussant: Horacio Sapriza, Rutgers University

Session 23: Modeling Bounded Rationality in Games

Session Organizer: Thomas Palfrey, Princeton University
Session Chair: Brian Rogers, Caltech
Session type: invited
Date: January 6, 2007
Time: 2:30 - 4:30
Location: Summit-Room 9
 

Level-K Auctions
By Vincent Crawford, UCSD Nagore Irriberi, Universitat Pompeu Fabra
   Presented by: Vincent Crawford, University of California, San Diego
   Discussant: Brian Rogers, Caltech
 

Quantal Response Equilibrium Models of Growth Economies with Poverty Traps
By Tomomi Tanaka, California Institute of Technology Colin F. Camerer, California Institute of Technology
   Presented by: Tomomi Tanaka, California Institute of Technology
   Discussant: Marco Casari, Purdue University
 

When Do Markets Tip? An Experimental Study
By Tanjim Hossain, HKUST John Morgan, UC-Berkeley
   Presented by: Tanjim Hossain, HKUST
   Discussant: Tomomi Tanaka, California Institute of Technology
 

Cooperation among strangers in an indefinitely repeated game
By Gabriele Camera, Purdue University Marco Casari, Purdue University
   Presented by: Marco Casari, Purdue University
   Discussant: Tanjim Hossain, HKUST

Session 24: Public Economics

Session Organizer: Russell Cooper, University of Texas Austin
Session Chair: Russell Cooper, University of Texas Austin
Session type: contributed
Date: January 6, 2007
Time: 8:00 - 10:00
Location: Summit-Room 1A
 

A general equilibrium analysis of dividend tax cut
By Francois Gourio, Boston University Jianjun Miao, Boston University
   Presented by: Jianjun Miao, Boston University
   Discussant: Russell Cooper, University of Texas Austin
 

Useful Government Spending and Macroeconomic (In)stability under Balanced-Budget Rules
By Jang-Ting Guo, University of California, Riverside Sharon G. Harrison, Barnard College, Columbia University
   Presented by: Jang-Ting Guo, University of California, Riverside
   Discussant: Stephanie Schmitt-Grohe, Duke University
 

The Optimal Taxation of Heterogeneous Capital: Expensing, Economic Depreciation, and Investment Tax Credits
By Laura Power, Office of Tax Analysis, US Treasury Michael Kiley, Federal Reserve Board
   Presented by: Laura Power, US Dept. of the Treasury
   Discussant: Russell Cooper, University of Texas Austin
 

Stabilizing Sunspots
By Aditya Goenka(University of Essex & NUS) Christophe Prechac (University of Paris 1)
   Presented by: Aditya Goenka, National University of Singapore
   Discussant: Stephanie Schmitt-Grohe, Duke University

Session 25: Structural Estimation: Theory and Applications

Session Organizer: John Rust, University of Maryland
Session Chair: John Rust, University of Maryland
Session type: invited
Date: January 6, 2007
Time: 8:00 - 10:00
Location: Summit-Room 10
 

Compensation, Incentives and the Practice Patterns of Physicians:
By Bernard Fortin, Universite Laval Nicolas Jacquemet, CREST Bruce Shearer, Universite Laval
   Presented by: Bruce Shearer, LAVAL UNIVERSITY
 

Nested Pseudo-likelihood Estimation and Bootstrap-based Inference for Structural Discrete Markov Decision Models
By Hiroyuki Kasahara, University of Western Ontario Katsumi Shimotsu, Queen's University
   Presented by: Hiroyuki Kasahara, University of Western Ontario
 

Investigating Bid Preferences at Low-Price, Sealed-Bid Auctions
By Timothy P. Hubbard, University of Iowa Harry J. Paarsch, University of Iowa
   Presented by: Harry Paarsch, University of Iowa
 

Estimating the Structure of Sunk Costs in the US Airline Industry
By Victor Aguirregabiria, Boston University Chun-Yu Ho, Boston University
   Presented by: Chun-Yu Ho, Boston University

Session 26: Structural Change, Trade, and Growth

Session Organizer: Caroline Betts, University of Southern California
Session Chair: Nancy Stokey, University of Chicago
Session type: invited
Date: January 6, 2007
Time: 8:00 - 10:00
Location: Summit-Room 3
 

Miracle Economies and Miracle Seeds: Agricultural Development, Structural Transformation, and Economic Growth
By Douglas Gollin, Williams College Stephen Parente, University of Illinois Richard Rogerson, Arizona State University
   Presented by: Douglas Gollin, Williams College
   Discussant: Chris Pissarides, London School of Economics
 

A Global Unbalanced growth Path
By Cristina Echevarria - University of Saskatchewan Christopher Hajzler - University of Western Ontario
   Presented by: Cristina Echevarria, University of Saskatchewan
   Discussant: Diego Restuccia, University of Toronto
 

Accommodating Emerging Giants
By Wilbur John Coleman II, Duke University
   Presented by: Wilbur Coleman,
   Discussant: Ayse Imrohoroglu, usc
 

How Important is the New Goods Margin in International Trade?
By Timothy J. Kehoe, University of Minnnesota and Federal Reserve Bank of Minneapolis Kim J. Ruhl, University of Texas at Austin
   Presented by: Timothy Kehoe, University of Minnesota
   Discussant: Francisco BUERA, Northwestern University

Session 27: Empirical Likelihood and GMM

Session Organizer: Yuichi Kitamura, Yale University
Session Chair: Yuichi Kitamura, Yale University
Session type: invited
Date: January 6, 2007
Time: 8:00 - 10:00
Location: Summit-Room 1B
 

Generalized Empirical Likelihood with Many Weak Moment Conditions
By Whitney K. Newey, Department of Economics, MIT Frank Windmeijer, Department of Economics, Bristol
   Presented by: Whitney Newey, MIT
 

Efficient GMM with multiple rates of convergence and applications to nearly-weak identification
By Bertille Antoine, University of Montreal, CIREQ Eric Renault, University of North Carolina at Chapel Hill, CIRANO and CIREQ
   Presented by: Eric Renault,
 

A Robust and Efficient Estimator for Moment Condition Models
By Yuichi Kitamura, Yale University Taisuke Otsu, Yale University
   Presented by: Yuichi Kitamura, Yale University
 

An Empirical Saddlepoint Approximation to the Distributions in One-Step GMM Estimators
By Fallaw Sowell, Carnegie Mellon University
   Presented by: Fallaw Sowell, Carnegie Mellon University

Session 28: Industrial Organization of Health Care Markets

Session Organizer: Philip Haile, Yale University
Session Chair: David Dranove, Kellogg School of Management
Session type: invited
Date: January 6, 2007
Time: 8:00 - 10:00
Location: Summit-Room 9
 

A Model of Bargaining in Option Demand Markets
By David Dranove, Northwestern University Mark Satterthwaite, Northwestern University Andrew Sfekas, Northwestern University
   Presented by: David Dranove, Kellogg School of Management
   Discussant: Philip Haile, Yale University
 

Why So Few Integrated Plans? Simulating the Impact of an Alternative Health Insurance Strategy
By Katherine Ho, Department of Economics Columbia University
   Presented by: Katherine Ho, Columbia University
   Discussant: Martin Gaynor, Carnegie Mellon University
 

Short-term Fluctuations in Hospital Demand: Implications for Admission, Discharge, and Discriminatory Behavior
By Rajiv Sharma, Portland State University Miron Stano, Oakland University Renu Gehring, Ace-Cube LLP
   Presented by: Rajiv Sharma, Portland State University
   Discussant: Fiona Scott-Morton,
 

Learning and the Value of Information: Evidence from Health Plan Report Cards
By Michael Chernew, Harvard University Gautam Gowrisankaran, Washington University Dennis Scanlon, Penn State University
   Presented by: Gautam Gowrisankaran, Washington University in St. Louis
   Discussant: Leemore Dafny, Kellogg Sch of Mgmt, Northwestern Univ

Session 29: Financing Constraints and Aggregate Economy

Session Organizer: Nobuhiro Kiyotaki, London School of Economics
Session Chair: Nobuhiro Kiyotaki, London School of Economics
Session type: invited
Date: January 6, 2007
Time: 10:15 - 12:15
Location: Summit-Room 1B
 

New or Used? Investment with Credit Constraints
By Andrea Eisfeldt, Northwestern University Adriano Rampini, Northwestern University
   Presented by: Adriano Rampini, Duke University
 

Financial innovations and macroeconomic volatility
By Urban Jermann, Wharton School, University of Pennsylvania Vincenzo Quadrini, University of Southern California
   Presented by: Vincenzo Quadrini, USC, CEPR and NBER
 

Mortgage Markets, Collateral Constraints and Monetary Policy: Do Institutional Factors Matter?
By Alessandro Calza (European Central Bank) Tommaso Monacelli (IGIER, Università Bocconi and CEPR) Livio Stracca (European Central Bank)
   Presented by: Alessandro Calza, European Central Bank
 

From shirtsleeves to shirtsleeves in a long lifetime
By Nobuhiro Kiyotaki Federal Reserve Bank of New York London School of Economics Alexander Michaelides London School of Economics
   Presented by: Nobuhiro Kiyotaki, London School of Economics

Session 30: Trade and Productivity

Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Fabrizio Perri, New York University
Session type: contributed
Date: January 6, 2007
Time: 10:15 - 12:15
Location: Summit-Room 9
 

Manufactured TFP drops
By David Benjamin University of Southampton Felipe Meza Carlos III
   Presented by: David Benjamin, University of Minnesota
 

Credit Constraints, Firm Dynamics and the Transmission of External Financial Shocks
By Sangeeta Pratap (Hunter College) Carlos Urrutia (ITAM)
   Presented by: Carlos Urrutia, ITAM
 

Sudden Stops, Sectoral Reallocations, and Real Exchange Rates
By Timothy J. Kehoe, U. Minnesota Kim J. Ruhl, U. Texas at Austin
   Presented by: Kim Ruhl, University of Texas Austin
 

How Does Foreign Direct Investment Promote Economic Growth?
By Laura Alfaro,Harvard Business School Areendam Chanda, Louisiana State University Sebnem Kalemli-Ozcan, Univ of Houston and NBER Selin Sayek, Bilkent University
   Presented by: Areendam Chanda, Louisiana State University

Session 31: Measuring Welfare Gains

Session Organizer: Ellen McGrattan, Federal Reserve Bank of Minneapolis
Session Chair: Keshab Bhattarai, University of Hull
Session type: contributed
Date: January 6, 2007
Time: 10:15 - 12:15
Location: Summit-Room 10
 

Welfare Gain of Financial Liberalization
By Kenichi Ueda, IMF Robert M. Townsend, University of Chicago
   Presented by: Kenichi Ueda, International Monetary Fund
   Discussant: Keshab Bhattarai, University of Hull
 

Optimal Fiscal and Monetary Policy with Costly Wage Bargaining
By Sanjay K. Chugh, Federal Reserve Board David Arseneau, Federal Reserve Board
   Presented by: Sanjay Chugh, Federal Reserve Board
 

Small noise methods for risk sensitive/robust economies
By Evan W. Anderson, Northern Illinois University Lars Peter Hansen, University of Chicago and NBER Thomas J. Sargent, New York University and NBER
   Presented by: Evan Anderson, Northern Illinois University

Session 32: Ambiguity and disagreement

Session Organizer: George Mailath, University of Pennsylvania
Session Chair: Peter Klibanoff, Northwestern University
Session type: contributed
Date: January 6, 2007
Time: 10:15 - 12:15
Location: Summit-Room 3
 

Unawareness and Framing
By David Ahn, UC Berkeley Haluk Ergin, MIT
   Presented by: David Ahn, U.C. Berkeley
 

Learning and Disagreement in an Uncertain World
By Daron Acemoglu (MIT) Victor Chernozhukov (MIT) Muhamet Yildiz (MIT)
   Presented by: Muhamet Yildiz, MIT
 

Exactly what happens after the Anscombe-Aumann Race? Representing preferences in vague environments
By Marie-Louise Vierø, Queen's University
   Presented by: Marie-Louise Vierø, Queen's University
 

Updating Preferences with Multiple Priors
By Eran Hanany, Tel Aviv University Peter Klibanoff, Northwestern University
   Presented by: Peter Klibanoff, Northwestern University

Session 33: Monetary Theory and Evidence

Session Organizer: Robert Lucas, University of Chicago
Session Chair: Robert Lucas, University of Chicago
Session type: invited
Date: January 6, 2007
Time: 10:15 - 12:15
Location: Summit-Room 1A
 

Is Quantity Theory Still Alive?
By Pedro Teles, Universidade Catolica Portuguesa and Departamento de Estudos Economicos, Banco de Portugal Harald Uhlig, Humboldt Universität zu Berlin
   Presented by: Harald Uhlig, Humboldt University Berlin
   Discussant: Edward Nelson, Federal Reserve Bank of St. Louis
 

Maintaining Low Inflation: Money, Interest Rates, and Policy Stance
By Samuel Reynard, Swiss National Bank
   Presented by: Samuel Reynard, Swiss National Bank
   Discussant: Robert Lucas, University of Chicago
 

Financial innovation and the transactions demand for cash
By Fernando Alvarez, University of Chicago and NBER Francesco Lippi, Bank of Italy and CEPR
   Presented by: Fernando Alvarez, private

Session 34: Development, marriage, and the value of women

Session Organizer: Andrew Foster, Brown
Session Chair: Andrew Foster, Brown
Session type: invited
Date: January 7, 2007
Time: 1:00 - 3:00
Location: Summit-Room 1A
 

Are Female Leaders Good for Education? Evidence from India
By Irma Clots-Figueras London School of Economics and STICERD
   Presented by: Irma Clots-Figueras, Universidad Carlos III de Madrid
   Discussant: Shoshana Grossbard-Shech, San Diego State University
 

Students Today, Teachers Tomorrow? The Rise of Affordable Private Schools
By Tahir Andrabi (Pomona College) Jishnu Das (World Bank) Asim Ijaz Khwaja (Harvard University)
   Presented by: Asim Khwaja, Harvad university
   Discussant: Shoshana Grossbard-Shech, San Diego State University
 

Marriage Market Effects of a Wealth Shock in Bangladesh
By A. Mushfiq Mobarak Randall Kuhn Christina Peters University of Colorado at Boulder
   Presented by: Ahmed Mobarak, University of Colorado, Boulder
   Discussant: Aloysius Siow, University of Toronto
 

On the Heterogeneity of Dowry Motives
By Raj Arunachalam, University of California, Berkeley Trevon D. Logan, The Ohio State University and NBER
   Presented by: Trevon Logan, The Ohio State University
   Discussant: Aloysius Siow, University of Toronto

Session 35: Global Games

Session Organizer: Stephen Morris, Yale University
Session Chair: Stephen Morris, Yale University
Session type: invited
Date: January 7, 2007
Time: 1:00 - 3:00
Location: Summit-Room 10
 

Policy in a Global Coordination Game: Multiplicity vs Robust Predictions
By Alessandro Pavan, Northwestern University Marios Angeletos, MIT Christian Hellwig, UCLA
   Presented by: Alessandro Pavan, Northwestern University
 

Risk and Wealth in a Model of Self-Fulfilling Currency Attacks
By Bernardo Guimaraes, London School of Economics Stephen Morris, Princeton University
   Presented by: Bernardo Guimaraes, London School of Economics
 

RECURSIVE GLOBAL GAMES
By Chryssi Giannitsarou, University of Cambridge Flavio Toxvaerd, University of Cambridge
   Presented by: Flavio Toxvaerd, University of Cambridge
 

Common Belief Foundations of Global Games
By Hyun Song Shin, Princeton University Stephen Morris, Princeton University
   Presented by: Stephen Morris, Yale University

Session 36: Exchange Rates and Prices

Session Organizer: Caroline Betts, University of Southern California
Session Chair: Caroline Betts, University of Southern California
Session type: invited
Date: January 7, 2007
Time: 1:00 - 3:00
Location: Summit-Room 3
 

Violating PPP
By George Alessandria, Federal Reserve Bank of Philadelphia Joseph Kaboski, Ohio State University
   Presented by: George Alessandria, Federal Reserve Bank of Philadelphia
   Discussant: Kim Ruhl, University of Texas Austin
 

A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application
By Pinelopi Goldberg, Yale University Rebecca Hellerstein, Federal Reserve Bank of New York
   Presented by: Rebecca Hellerstein, Federal Reserve Bank of New York
   Discussant: Michael Devereux, University of British Columbia
 

Industry Restructuring, Mark-ups, and Exchange Rate Pass-Through
By Beverly Lapham, Queen's University Danny Leung, Bank of Canada
   Presented by: Beverly Lapham, Queen's University
   Discussant: Brian Doyle,
 

Microeconomic Sources of Real Exchange Rate Variation
By Crucini, Mario J., Vanderbilt University Lee, Inkoo, Shintani, Mototsugu Telmer, Chris I.
   Presented by: Mario Crucini, Vanderbilt University
   Discussant: Philip Lane, Trinity College Dublin

Session 37: Business Cycles and Labor markets

Session Organizer: Jose-Victor Rios-Rull, University of Pennsylvania
Session Chair: Jose-Victor Rios-Rull, University of Pennsylvania
Session type: invited
Date: January 7, 2007
Time: 1:00 - 3:00
Location: Summit-Room 1B
 

Crude Substitution: The Cyclical Dynamics of Oil Prices and the College Premium
By Linnea Polgreen (University of Iowa) Pedro Silos (Federal Reserve Bank of Atlanta)
   Presented by: Pedro Silos, Federal Reserve Bank of Atlanta
   Discussant: Jose-Victor Rios-Rull, University of Pennsylvania
 

A Search Theory of Labor Share and its cyclical behavior
By Se-Kyu Choi and Jose-Victor Rios-Rull
   Presented by: Jose-Victor Rios-Rull, University of Pennsylvania
   Discussant: Makoto Nakajima, University of Illinois, Urbana-Champaign
 

Business Cycles in the Equilibrium Model of Labor Market Search and Self-Insurance
By Makoto Nakajima, University of Illinois
   Presented by: Makoto Nakajima, University of Illinois, Urbana-Champaign
   Discussant: Pedro Silos, Federal Reserve Bank of Atlanta

Session 38: Spatial Economics

Session Organizer: Thomas Holmes, University of Minnesota
Session Chair: Thomas Holmes, University of Minnesota
Session type: contributed
Date: January 7, 2007
Time: 1:00 - 3:00
Location: Summit-Room 9
 

The Costs of Remoteness: Evidence from German Division and Reunification
By Stephen Redding, London School of Economics and CEPR Daniel Sturm, University of Munich and CEPR
   Presented by: Stephen Redding, London School of Economics
   Discussant: Gordon Hanson, UCSD
 

Spatial Growth and Industry Age
By Klaus Desmet, Universidad Carlos III Esteban Rossi-Hansberg, Princeton University
   Presented by: Esteban Rossi-Hansberg, Princeton University
   Discussant: Giorgio Topa, Federal Reserve Bank of New York
 

Dynamic Spatial Competition Between Multi-Store Firms
By Victor Aguirregabiria (University of Toronto) Gustavo Vicentini (Boston University)
   Presented by: Victor Aguirregabiria,
   Discussant: Thomas Holmes, University of Minnesota
 

Can Asymmetric Information Cause Agglomeration?
By Marcus Berliant, Washington University in St. Louis Fan-chin Kung, City University of Hong Kong
   Presented by: Marcus Berliant, Washington University in St. Louis
   Discussant: Robert Hunt, Federal Reserve Bank of Philadelphia

Session 39: Labor Market Dynamics

Session Organizer: Petra Todd, University of Pennsylvania
Session Chair: Petra Todd, University of Pennsylvania
Session type: contributed
Date: January 7, 2007
Time: 8:00 - 10:00
Location: Summit-Room 3
 

Nepotism at Work ? Family Networks and Youth Labor Market Entry
By Francis Kramarz (Crest, France) Oskar Nordstrom Skans (Ifau, Sweden)
   Presented by: Francis Kramarz, Crest-Insee
   Discussant: Melissa Tartari, University of Pennsylvania
 

Estimating a Dynamic Adverse Selection Model: Labor Force Experience and the Changing Gender Earnings Gap
By George Gayle Limor Golan Carnegie Mellon University
   Presented by: Limor Golan, Carnegie Mellon U.
   Discussant: Elena Pastorino, University of Iowa
 

The Effect of an Employer Health Insurance Mandate on Health Insurance Coverage and the Demand for Labor: Generalizing from Hawaii’s Experience
By Thomas C. Buchmueller, University of California, Irvine. Robert G. Valletta, Federal Reserve Bank of San Francisco.
   Presented by: Robert Valletta, Federal Reserve Bank of San Francisco
   Discussant: Julia Lane, NORC/University of Chicago

Session 40: Open Economy Macroeconomics

Session Organizer: Fabrizio Perri, New York University
Session Chair: Timothy Kehoe, University of Minnesota
Session type: contributed
Date: January 7, 2007
Time: 8:00 - 10:00
Location: Summit-Room 1B
 

Closing open economy models
By Martin Bodenstein Federal Reserve Board
   Presented by: Martin Bodenstein, Federal Reserve Board
 

Exchange Rate Volatility and International Equity Portfolios: a DSGE Perspective
By Robert Kollmann University of Paris XII and CEPR
   Presented by: Robert Kollmann, University Paris XII; CEPR
 

Welfare Implications of Trade Liberalization and Fiscal Reform: A Quantitative Experiment
By - S. Henry Kim (Tufts University, Department of Economics) - M. Ayhan Kose (International Monetary Fund, Research Department)
   Presented by: Ayhan Kose, IMF
 

Reputational Spillovers and International Exchange
By Andrew K. Rose Haas School of Business, U.C. Berkeley Mark M. Spiegel Federal Reserve Bank of San Francisco
   Presented by: Mark Spiegel,

Session 41: Evaluation of Public Policies

Session Organizer: Jean-Marc Robin, U. of Paris 1, UCL, IFS and CEPR
Session Chair: Joshua Angrist, Massachusetts Institute of Technology
Session type: contributed
Date: January 7, 2007
Time: 8:00 - 10:00
Location: Summit-Room 10
 

New Evidence on the Causal Link between the Quantity and Quality of Children
By Josh Angrist, MIT Victor Lavy, Hebrew University Analia Schlosser, Hebrew University
   Presented by: Joshua Angrist, Massachusetts Institute of Technology
 

Evaluating dynamic treatment: The Swedish active labour market programmes
By Jerome Adda, UCL and IFS Monica Costa Dias, IFS Costas Meghir, UCL and IFS Barbara Sianesi, IFS
   Presented by: Jerome Adda, University College London
 

Partially Identifying Treatment Effects with an Application to Covering the Uninsured
By Brent Kreider, Iowa State University Steven C. Hill, Agency for Healthcare Research and Quality
   Presented by: Brent Kreider, Iowa State University
 

Bounding the Distribution of Treatment Effects
By Sergio Firpo, Departamento de Economia, PUC-Rio Geert Ridder, Department of Economics, University of Southern California
   Presented by: Sergio Firpo, Pontifical Catholic University

Session 42: Game Theory

Session Organizer: George Mailath, University of Pennsylvania
Session Chair: Yoram Halevy, University of British Columbia
Session type: contributed
Date: January 7, 2007
Time: 8:00 - 10:00
Location: Summit-Room 9
 

Preemption Games with Private Information
By Hugo Hopenhayn, University of California at Los Angeles Francesco Squintani, University College, London
   Presented by: Francesco Squintani,
 

One -- Memory in Repeated Games
By Mehmet Barlo - Sabanci University, Istanbul Turkey Guilherme Carmona - Universidade Nova Lisboa, Lisbon Portugal Hamid Sabourian - University of Cambridge, Cambridge UK
   Presented by: Mehmet Barlo, public
 

Why the Ultimatum Game may not be the Ultimate Experiment
By Yoram Halevy, University of British Columbia Mike Peters, University of British Columbia
   Presented by: Yoram Halevy, University of British Columbia

Session 43: Macroeconomic Effects of Financial Frictions in Emerging Markets

Session Organizer: Enrique G. Mendoza, University of Maryland
Session Chair: Martin Uribe, Duke University
Session type: invited
Date: January 7, 2007
Time: 8:00 - 10:00
Location: Summit-Room 7
 

The composition of capital flows when emerging market firms face financing constraints
By Diego Valderrama, Federal Reserve Bank of San Francisco Katherine A. Smith, U.S. Naval Academy
   Presented by: Diego Valderrama, Federal Reserve Bank of San Francisco
   Discussant: Jonathan Heathcote, Georgetown University
 

Debt Maturity: Is Long-Term Debt Optimal?
By Laura Alfaro, Harvard Business School Fabio Kanczuk, University of Sao Paulo
   Presented by: Laura Alfaro, Harvard Business School
   Discussant: Jing Zhang, public
 

Endogenous Sudden Stops in an Equilibrium Model of the Business Cycle: Fisher’s Deflation of Tobin’s Q
By Enrique G. Mendoza, IMF & University of Maryland
   Presented by: Enrique G. Mendoza, University of Maryland
   Discussant: Vincenzo Quadrini, USC, CEPR and NBER
 

A quantitative study of sovereign default with heterogenous borrowers
By Juan Carlos Hatchondo, Federal Reserve Bank of Richmond; Leonardo Martinez, Federal Reserve Bank of Richmond; Horacio Sapriza, Rutgers University
   Presented by: Leonardo Martinez, Federal Reserve Bank of Richmond
   Discussant: Cristina Arellano, public

Session 44: Dynamic Factor Demand

Session Organizer: Russell Cooper, University of Texas Austin
Session Chair: Jonathan Willis, Federal Reserve Bank of Kansas City
Session type: contributed
Date: January 7, 2007
Time: 8:00 - 10:00
Location: Summit-Room 1A
 

Dynamic Assignment
By Russell W. Cooper P. Dean Corbae
   Presented by: Russell Cooper, University of Texas Austin
   Discussant: Julia Thomas, University of Minnesota
 

Plant Entry, Exit and Capital Adjustment Cost
By Shutao Cao, University of Texas at Austin
   Presented by: Shutao Cao, University of Texas at Austin
   Discussant: John C. Haltiwanger,
 

Testing Theories of Job Creation: Does Supply Create Its Own Demand?
By Mikael Carlsson, Sveriges Riksbank Stefan Eriksson, Uppsala University Nils Gottfries, Uppsala University
   Presented by: Stefan Eriksson, Uppsala University
   Discussant: Ilan Cooper, University of Haifa
 

Tax Incentives and Business Investment: New Evidence from Mexico
By Arturo Ramirez-Verdugo Department of Economics, Massachusetts Institute of Technology
   Presented by: Arturo Ramirez Verdugo, Protego Asesores
   Discussant: John C. Haltiwanger,

Session 45: Conflict and Cooperation

Session Organizer: Stephen Morris, Yale University
Session Chair: Sandeep Baliga, Northwestern University
Session type: invited
Date: January 7, 2007
Time: 10:15 - 12:15
Location: Summit-Room 10
 

Persistence of Elites, Power and Institutions
By Daron Acemoglu, MIT James Robinson, Harvard
   Presented by: Daron Acemoglu,
 

A theory of conflict as a coordination failure in anarchic environments
By Gerard Padro i Miquel Graduate School of Business, Stanford University
   Presented by: Gerard Padro i Miquel, Stanford University
 

Bargaining and Fighting in Hard Times
By Ernesto Dal Bo, UC Berkeley Robert Powell, UC Berkeley
   Presented by: Robert Powell, U.C. Berkeley
 

Strategic Ambiguity and Arms Proliferation
By Sandeep Baliga, Kellogg (MEDS), Northwestern University Tomas Sjostrom, Department of Economics, Rutgers University
   Presented by: Sandeep Baliga, Northwestern University

Session 46: Aspects of Structural Transformations

Session Organizer: Richard Rogerson, Arizona State University
Session Chair: Richard Rogerson, Arizona State University
Session type: invited
Date: January 7, 2007
Time: 10:15 - 12:15
Location: Summit-Room 3
 

Determinants of Structural Change Associated with Economic Growth: Evidence from Two Centuries of US Data
By Talan B. Iscan (Dalhousie University) Benjamin N. Dennis (University of the Pacific)
   Presented by: Talan Iscan,
 

The Dynamics of Hours Worked: The Role of Technology and Institutions
By L. Rachel Ngai, London School of Economics Christopher A. Pissarides, London School of Economics
   Presented by: Rachel Ngai, london school of economics
 

The Role of the Structural Transformation in Aggregate Productivity
By Margarida Duarte, Federal Reserve Bank of Richmond Diego Restuccia, Federal Reserve Bank of Richmond and University of Toronto
   Presented by: Diego Restuccia, University of Toronto
 

Structural Transformation and Unemployment
By Richard Rogerson, Arizona State University Cara McDaniel, Arizona State University
   Presented by: Richard Rogerson, Arizona State University

Session 47: New perspectives on market failure and development

Session Organizer: Andrew Foster, Brown
Session Chair: Andrew Foster, Brown
Session type: invited
Date: January 7, 2007
Time: 10:15 - 12:15
Location: Summit-Room 7
 

From Private to Public Reputation in Microfinance Lending: An Experiment in Borrower Response
By Alain de Janvry, UC Berkeley Craig McIntosh, UC San Diego Elisabeth Sadoulet, UC Berkeley
   Presented by: Alain de Janvry, University of California at Berkeley
 

Microfinance and Missing Markets
By M. Shahe Emran, GWU AKM Mahbub Morshed, SIU, Caronbdale Joseph Stiglitz, Columbia University
   Presented by: M. Shahe Emran, George Washington University
 

The profits of power: Land rights and agricultural investment in Ghana
By Markus Goldstein, World Bank Christopher Udry, Yale University
   Presented by: Christopher Udry, Yale University
 

Inequality and the Sustainability of Agricultural Productivity Growth: Groundwater and the Green Revolution in Rural India
By Andrew Foster, Brown University Mark Rosenzweig, Yale University
   Presented by: Andrew Foster, Brown

Session 48: Trade, Foreign Investment, and Globalization

Session Organizer: Timothy Kehoe, University of Minnesota
Session Chair: Timothy Kehoe, University of Minnesota
Session type: contributed
Date: January 7, 2007
Time: 10:15 - 12:15
Location: Summit-Room 1B
 

Measuring Globalization
By Raymond Riezman, University of Iowa John Whalley, Western Ontario Shunming Zhang, Hunan University
   Presented by: Raymond Riezman, University of Iowa
 

Absolute Advantages, Gravity, and Multinational Production
By Natalia Ramondo Department of Economics The University of Chicago
   Presented by: Natalia Ramondo, public
 

Sticky Borders
By Gita Gopinath, Harvard and NBER Roberto Rigobon, MIT and NBER
   Presented by: Gita Gopinath, public
 

Coordination and Renegotiation: Sovereign Defaults in 1980s and 1990s
By Yan Bai Arizona State University Jing Zhang University of Michigan
   Presented by: Yan Bai, private

Session 49: Product Variety and Quality in Trade

Session Organizer: Robert Feenstra, University of California, Davis
Session Chair: Robert Feenstra, University of California, Davis
Session type: invited
Date: January 7, 2007
Time: 10:15 - 12:15
Location: Summit-Room 9
 

Estimating Cross-Country Differences in Product Quality
By Juan Carlos Hallak, University of Michigan Peter K. Schott, Yale School of Management
   Presented by: Juan Carlos Hallak,
 

Explaining Import Variety and Quality: the Role of the Income Distribution
By Yo Chul Choi David Hummels Chong Xiang
   Presented by: Chong Xiang, Purdue University
 

Product Creation and Destruction in the U.S.
By Christian Broda University of Chicago NBER David Weinstein Columbia University NBER
   Presented by: Christian Broda,
 

A Model of Trade with Quality Choice
By John Romalis Graduate School of Business, University of Chicago NBER Robert C. Feenstra University of California-Davis NBER
   Presented by: John Romalis,

Session 50: Political Economy

Session Organizer: Antonio Merlo, University of Pennsylvania
Session Chair: Humberto Llavador, Universitat Pompeu Fabra
Session type: contributed
Date: January 7, 2007
Time: 10:15 - 12:15
Location: Summit-Room 1A
 

A Model of Media Pandering
By Elena Panova UQAM - Université du Québec à Montréal
   Presented by: Elena Panova, public
 

Turnout and Quorum in Referenda
By Helios Herrera (ITAM) Andrea Mattozzi (CALTECH)
   Presented by: Helios Herrera, Instituto Tecnológico Autónomo de Méx
 

Bicameralism and accountability with motivated legislators
By Giovanni Facchini University of Illinois Cecilia Testa Royal Holloway University of London
   Presented by: Cecilia Testa, Royal Holloway College Univ. of London
 

Voting with Preferences over Margins of Victory
By Humberto Llavador, Universitat Pompeu Fabra
   Presented by: Humberto Llavador, Universitat Pompeu Fabra

This program was last updated on 2007-03-12 14:15:8 EDT