Society for Economic Dynamics 2005 Meeting

Summary of All Sessions

123 June
M201 Topics in International Finance4
223 June
F309 Wage Dynamics Over the Life Cycle4
323 June
M103 Gellner Monetary Theory 14
423 June
F509 Housing and Consumption3
523 June
M202 Political Economy4
623 June
Auditorium Property Rights4
723 June
F409 Labor Market Dynamics4
823 June
M102 Popper Structural VARs4
923 June
F609 Trade and Real Exchange Rate Fluctuations4
1023 June
M102 Popper Heterogeneity and Its Consequences4
1123 June
M201 Asset Pricing 14
1223 June
M202 Incomplete Markets, Contracts, and Institutions4
1323 June
Auditorium Current Account Dynamics4
1423 June
F509 Financial History4
1523 June
F309 Education and the Labor Market4
1623 June
M103 Gellner On Signalling and Information4
1723 June
F409 On the Effects of Monetary Policy4
1823 June
F609 Investment4
1923 June
Auditorium Cyclical Fluctuations in Labor Markets2
2023 June
M103 Gellner Optimal Policy4
2123 June
M202 Exchange Rates4
2223 June
F609 On the Determinants of Economic Development4
2323 June
F809 Urban Economics4
2423 June
M201 Mechanism Design4
2523 June
M102 Popper Consumption and Portfolio Choice Over the Life Cycle4
2623 June
F309 Firms and Aggregate Dynamics4
2723 June
F409 International Finance4
2823 June
F509 Growth and TFP4
2924 June
Auditorium Economic Growth: A Conversation Between Economics and History4
3024 June
M102 Popper Housing and Business Cycles4
3124 June
F409 Culture and Economics4
3224 June
M202 Games of Timing4
3324 June
F509 Empirical IO 2: Firm Dynamics4
3424 June
F609 Households and Labor Supply4
3524 June
M201 Financial Frictions and Liquidity4
3624 June
F309 Emerging Market Crises4
3724 June
M103 Gellner Monetary Theory 24
3824 June
F309 Inequality, Risk and Welfare4
3924 June
M102 Popper Dynamic Public Economics4
4024 June
M201 Information and Macroeconomics4
4124 June
F509 The Economics of Marriage4
4224 June
F409 Computational Methods4
4324 June
M202 Unemployment and Job Search4
4424 June
F809 Accounting for International Price Differentials4
4524 June
F609 Dynamics and Theory4
4624 June
M103 Gellner Monetary Theory and Policy4
4724 June
Auditorium Driving Forces of Macroeconomic Trends4
4824 June
Auditorium Wealth Accumulation Over the Life Cycle3
4924 June
F409 Financial Crises4
5024 June
F609 Search, Market Segmentation, and Wages4
5124 June
M102 Popper Microfoundations of Wage and Price Rigidity4
5224 June
M201 Game Theory4
5324 June
M202 Banking4
5424 June
M103 Gellner Job Search and Labor Contracts4
5524 June
F809 Monetary Policy in Open Economies4
5624 June
F309 Trade and Business Cycles4
5724 June
F509 Firms, Investment, and TFP4
5825 June
F309 Growth Perspectives4
5925 June
F409 Topics in International Economics4
6025 June
F509 Dynamic Models of Legislative Bargaining4
6125 June
Auditorium Empirical Analysis of Reallocation Frictions4
6225 June
M202 Expectations: Empirical Analysis4
6325 June
M103 Gellner Optimal Contracting Under Moral Hazard4
6425 June
F609 Social Security4
6525 June
M201 Finance and Monetary Policy4
6625 June
M102 Popper Business Cycles and Employment Dynamics4
6725 June
F409 Theoretical and Empirical Implications of Incomplete Markets Models4
6825 June
F309 International Trade, FDI, and Offshoring4
6925 June
M201 Empirical IO 1: Spatial Allocation of Firms4
7025 June
M102 Popper Information and Asset Pricing4
7125 June
M103 Gellner Matching and Dynamic Contracts4
7225 June
F809 Empirical Studies of Consumption Behavior4
7325 June
F609 Growth4
7425 June
Auditorium Optimal Fiscal and Monetary Policy4
7525 June
F509 Impulse and Propagation Mechanisms4
7625 June
F409 Perspectives on Sovereign Debt and Default4
7725 June
F309 Empirical Research in Labor Economics4
7825 June
M202 Monetary Economies with Segmented Markets4
7925 June
M201 Matching: Theory and Empirics4
8025 June
M102 Popper Computational Dynamic General Equilibrium4
8125 June
M103 Gellner Asset Pricing 24
8225 June
F809 Life Cycle Decisions and Altruism4
8325 June
F609 Trade, Institutions, and Growth4
8425 June
F509 Time Consistency of Monetary and Fiscal Policy4
8525 June
Auditorium On the Determinants of Business Cycles4

85 sessions, 336 papers


Society for Economic Dynamics 2005 Meeting

Complete List of All Sessions

Session 1: Topics in International Finance

Date: June 23, 2005
Time: 10:00 - 12:00
Location: M201

Financial Crises and Total Factor Productivity: The Mexican Case
By Felipe Meza, Erwan Quintin
   Presented by: Felipe Meza, Universidad Carlos III

Globalization and Emerging Markets: With or Without Crash?
By Philippe Martin and Helene Rey
   Presented by: Philippe Martin, University of Paris I

International Asset Portfolios: A Dynamic General Equilibrium Perspective
By Robert Kollmann
   Presented by: Robert Kollmann, University of Paris XII and CEPR

Why do financial systems differ? History matters.
By Erwan Quintin and Cyril Monnet
   Presented by: Cyril Monnet, European Central Bank

Session 2: Wage Dynamics Over the Life Cycle

Date: June 23, 2005
Time: 10:00 - 12:00
Location: F309

Understanding Consumption Inequality and Income Inequality: A Human Capital Approach
By Fatih Guvenen and Burhanettin Kuruscu
   Presented by: Burhanettin Kuruscu, University of Texas at Austin

Job Mobility and Wage Dynamics
By Luigi Pistaferri
   Presented by: Luigi Pistaferri, Stanford University

The Returns to Schooling and Ability During the Early Career: Evidence on Employer Learning and Post-School Investment
By Fabian Lange
   Presented by: Fabian Lange, Yale University

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

Session 3: Monetary Theory 1

Date: June 23, 2005
Time: 10:00 - 12:00
Location: M103 Gellner

Search, Money, and Inflation under Private Information
By Huberto M. Ennis
   Presented by: Huberto Ennis, Federal Reserve Bank of Richmond

Bargaining in Monetary Economies
By Guillaume Rocheteau and Christopher Waller
   Presented by: Christopher Waller, University of Notre Dame

Asset Prices and Liquidity in an Exchange Economy
By Ricardo Lagos
   Presented by: Ricardo Lagos, Federal Reserve Bank of Minneapolis and New York University

Search Frictions and Asset Price Volatility
By Enchuan Shao and B. Ravikumar
   Presented by: B. Ravikumar, University of Iowa

Session 4: Housing and Consumption

Date: June 23, 2005
Time: 10:00 - 12:00
Location: F509

Housing and the Macroeconomy: The Role of Implicit Guarantees for Government Sponsored Enterprises
By Karsten Jeske and Dirk Krueger
   Presented by: Karsten Jeske, Federal Reserve Bank of Atlanta

Consumption Along the Life Cycle: How Different is Housing?
By Fang Yang
   Presented by: Fang Yang, University of Minnesota

Housing, House Prices, and the Equity Premium Revisited
By Morris Davis, and Robert F. Martin
   Presented by: Robert Martin, Federal Reserve Board

Session 5: Political Economy

Date: June 23, 2005
Time: 10:00 - 12:00
Location: M202

Playing for Your Own Audience: Extremism in Two-Party Elections
By Gabor Virag
   Presented by: Gabor Virag, University of Rochester

Group Formation and Voter Participation
By Helios Herrera and Cesar Martinelli
   Presented by: Helios Herrera, Instituto Tecnologico Autonomo de Mexico

Commitment Problems and the Political Economy of States and Mafias
By Ethan Bueno de Mesquita and Catherine Hafer
   Presented by: Catherine Hafer, New York University

Political Careers or Career Politicians?
By Andrea Mattozzi and Antonio Merlo
   Presented by: Antonio Merlo, University of Pennsylvania

Session 6: Property Rights

Date: June 23, 2005
Time: 10:00 - 12:00
Location: Auditorium

The Product Cycle and Inequality
By Boyan Jovanovic
   Presented by: Boyan Jovanovic, New York University

Innovation and Imitation in a High Information Economy
By Thomas Cooley and Mehmet Yorukoglu
   Presented by: Thomas Cooley, New York University

Oligarchic Property Rights and Investment
By Serguey Braguinsky and Roger Myerson
   Presented by: Roger Myerson, University of Chicago

Lobbying and Technology Diffusion
By Diego Comin and Bart Hobijn
   Presented by: Diego Comin, New York University

Session 7: Labor Market Dynamics

Date: June 23, 2005
Time: 10:00 - 12:00
Location: F409

Forward-Looking Hiring Behavior and the Dynamics of the Aggregate Labor Market
By Eran Yashiv
   Presented by: Eran Yashiv, London School of Economics

Labor Turnover Costs and the Cyclical Behavior of Vacancies and Unemployment
By Silva, Jose I. and Manuel Toledo
   Presented by: Manuel Toledo, University of Rochester

On-the-job Search and the Cyclical Dynamics of the Labor Market
By Michael U. Krause and Thomas A. Lubik
   Presented by: Michael Krause, Tilburg University

Returns to Government Sponsored Training
By Gueorgui Kambourov, Iourii Manovskii, and Miana Plesca
   Presented by: Gueorgui Kambourov, University of Toronto

Session 8: Structural VARs

Date: June 23, 2005
Time: 10:00 - 12:00
Location: M102 Popper

Inefficient Shocks
By Giorgio Primiceri and Andrea Tambalotti
   Presented by: Giorgio Primiceri, Northwestern University

Vector Autoregressions and Reduced Form Representations of DSGE Models
By Federico Ravenna
   Presented by: Federico Ravenna, University of California Santa Cruz

Are Structural VARs Useful Guides for Developing Business Cycle Theories?
By V. V. Chari, Patrick Kehoe and Ellen McGrattan
   Presented by: V. Chari, Federal Reserve Bank of Minneapolis

Assessing the Usefulness of Structural Vector Autoregressions
By Lawrence Christiano, Martin Eichenbaum, Robert Vigfusson
   Presented by: Robert Vigfusson, Federal Reserve Board

Session 9: Trade and Real Exchange Rate Fluctuations

Date: June 23, 2005
Time: 10:00 - 12:00
Location: F609

Monetary and Fiscal Policy in a Monetary Union
By Bernardino Adão, Nuno Alves, Jose B. Brito, and Isabel Correia
   Presented by: Jose Brito, Banco de Portugal

Real Exchange Rate Fluctuations and Endogenous Tradability
By Kanda Naknoi
   Presented by: Kanda Naknoi, Purdue University

Heterogeneous Plants and Trade: Lessons from the Canada-US FTA
By Michael Rolleigh
   Presented by: Michael Rolleigh, Williams College

Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics
By Balazs Vilagi
   Presented by: Balazs Vilagi, Central Bank of Hungary

Session 10: Heterogeneity and Its Consequences

Date: June 23, 2005
Time: 13:15 - 15:15
Location: M102 Popper

Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion
By Jonathan Heathcote, Kjetil Storesletten, Gianluca Violante
   Presented by: Giovanni Luca Violante, New York University

Firm Volatility and Wage Inequality
By Fatih Guvenen and Thomas Philippon
   Presented by: thomas philippon, nyu stern

Accounting for the Changing Life-Cycle Profile of Earnings
By Gueorgui Kambourov and Iourii Manovskii
   Presented by: Iourii Manovskii, University of Pennsylvania

Nominal Contracts, Coordination and Risk Sharing
By Matthias Doepke, Martin Schneider
   Presented by: Martin Schneider, New York University

Session 11: Asset Pricing 1

Date: June 23, 2005
Time: 13:15 - 15:15
Location: M201

Operating Leverage, Stock Market Cyclicality, and the Cross-Section of Returns
By Francois Gourio
   Presented by: Francois Gourio, University of Chicago

Euler Equation Errors
By Martin Lettau and Sydney C. Ludvigson
   Presented by: Sydney Ludvigson, New York University

The Equity Premium Implied by Production
By Urban J. Jermann
   Presented by: Urban Jermann, University of Pennsylvania

The Returns on Human Wealth: Good News on Wall Street is Bad News on Main Street
By Hanno Lustig and Stijn Van Nieuwerburgh
   Presented by: Hanno Lustig, University of California Los Angeles

Session 12: Incomplete Markets, Contracts, and Institutions

Date: June 23, 2005
Time: 13:15 - 15:15
Location: M202

Informal Insurance in Social Networks
By Francis Bloch, Garance Genicot, Debraj Ray
   Presented by: Garance Genicot, Georgetown University

Unemployment Insurance under Moral Hazard and Limited Commitment:Public versus Private Provision
By Jonathan P Thomas and Tim Worall
   Presented by: Tim Worrall, Keele University

Competition, Innovation and Growth with Limited Enforcement
By Ramon Marimon and Vincenzo Quadrini
   Presented by: Ramon Marimon, Universitat Pompeu Fabra

Firm Entry and Finance: Distinguishing Information Regimes
By Alexander Karaivanov and Robert Townsend
   Presented by: Alexander Karaivanov, Simon Fraser University

Session 13: Current Account Dynamics

Date: June 23, 2005
Time: 13:15 - 15:15
Location: Auditorium

Current Account Fact and Fiction
By David Backus, Gian Luca Clementi, Frederic Lambert
   Presented by: David Backus, New York University, Stern School of Business

Sovereign Default and Debt Renegotiation
By Vivian Z. Yue
   Presented by: Vivian Zhanwei Yue, University of Pennsylvania

International Financial Adjustment
By Pierre Olivier Gourinchas and Helene Rey
   Presented by: Helene Rey, Princeton University

Sudden Stops and Productivity Drops
By Timothy J. Kehoe and Kim J. Ruhl
   Presented by: Timothy Kehoe, University of Minnesota

Session 14: Financial History

Date: June 23, 2005
Time: 13:15 - 15:15
Location: F509

Regional Banks for Micro-Credit Institutions: Centrals in
By Timothy W. Guinnane
   Presented by: Timothy Guinnane, Yale University

Were U.S. State Banknotes Priced as Securities?
By Warren E. Weber
   Presented by: Warren Weber, Federal Reserve Bank of Minneapolis

Commodities Prices and Monetary Policy in 18th c. France
By Francois R. Velde
   Presented by: Francois Velde, Federal Reserve Bank of Chicago

The Big Problem of Large Bills: The Bank of Amsterdam and the Origins of Central Banking
By Stephen Quinn and William Roberds
   Presented by: William Roberds, Federal Reserve Bank of Atlanta

Session 15: Education and the Labor Market

Date: June 23, 2005
Time: 13:15 - 15:15
Location: F309

Accounting for General Equilibrium Effects in Program Evalution
By Miana Plesca
   Presented by: Miana Plesca, University of Guelph

Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation
By Christian Holzner and Andrey Launov
   Presented by: Christian Holzner, IFOInstitute for Economic Research

The Complementarity and Self Productivity of Human Capital Investments in a SDGE Economy with Altruism and Lifetime Liquidity Constraints
By Flavio Cunha
   Presented by: Flavio Cunha, University of Chicago

Education Decisions, Equilibrium Policies and Wages Dispersion
By Giovanni Gallipoli, Costas Meghir and Gianluca Violante
   Presented by: Giovanni Gallipoli, University College London

Session 16: On Signalling and Information

Date: June 23, 2005
Time: 13:15 - 15:15
Location: M103 Gellner

Optimal Stalling While Bargaining
By John Thanassoulis
   Presented by: John Thanassoulis, Oxford University

Coordination Failure in Repeated Games with Almost-Public Monitoring
By George J Mailath and Stephen Morris
   Presented by: George Mailath, University of Pennsylvania

A Theory of Costly Signaling
By Kim-Sau Chung and Peter Eso
   Presented by: Peter Eso, Northwestern Unviersity

The Demand for Information: More Heat than Light
By Jussi Keppo, Giuseppe Moscarini, Lones Smith
   Presented by: Giuseppe Moscarini, Yale University

Session 17: On the Effects of Monetary Policy

Date: June 23, 2005
Time: 13:15 - 15:15
Location: F409

Monetary Policy, Taxes, and the Business Cycle
By William T. Gavin, Finn E. Kydland, and Michael R. Pakko
   Presented by: William Gavin, Federal Reserve Bank of St. Louis

Monetary Shocks in a Model with Loss of Skills
By Julen Esteban-Pretel, Elisa Faraglia
   Presented by: Julen Esteban-Pretel, University of Tokyo

The Demand for Currency at Low Interest Rates
By Francesco Lippi and Alessandro Secchi
   Presented by: Francesco Lippi, Bank of Italy

Menu Costs at Work: Restaurant Prices and the Introduction of the Euro
By Bart Hobijn, Federico Ravenna, Andrea Tambalotti
   Presented by: Andrea Tambalotti, Federal Reserve Bank of New York

Session 18: Investment

Date: June 23, 2005
Time: 13:15 - 15:15
Location: F609

(Relative Price) Lessons from Taking an AK Model to the Data
By Joao Ejarque and Ana Balcao Reis
   Presented by: Joao Ejarque, University of Essex

Modeling Inventories Over the Business Cycle
By Aubhik Khan and Julia K. Thomas
   Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia

Innovation, Machine Replacement and Productivity
By Omar Licandro, Reyes Maroto and Luis A. Puch
   Presented by: Omar Licandro, European University Institute

GMM for Discrete Choice Models: A Capital Accumulation Application
By Russell Cooper, John Haltiwanger and Jon Willis
   Presented by: Jonathan Willis, Federal Reserve Bank of Kansas City

Session 19: Cyclical Fluctuations in Labor Markets

Date: June 23, 2005
Time: 15:45 - 17:45
Location: Auditorium

Amplification of Labor Market Fluctuations: Why Vacancies Don't Like to Hire the Unemployed?
By Eva Nagypal
   Presented by: Eva Nagypal, Northwestern University

More on Unemployment and Vacancy Fluctuations
By Dale T. Mortensen
   Presented by: Dale Mortensen, Northwestern University

Session 20: Optimal Policy

Date: June 23, 2005
Time: 15:45 - 17:45
Location: M103 Gellner

Optimal Taxation with Limited Memory
By Stefania Albanesi and Christopher Sleet
   Presented by: Christopher Sleet, University of Iowa

Dynamic Optimal Taxation of Productive Assets
By Stefania Albanesi, Christopher Sleet
   Presented by: Stefania Albanesi, Duke University

Optimal Taxation with Persistent Shocks
By Marek Kapicka
   Presented by: Marek Kapicka, University of California Santa Barbara

Copyrights, Price Discrimination and Hidden Trading: Lessons from a Ricardian Theory of Innovation
By V. V. Chari, Mike Golosov, Aleh Tsyvinski
   Presented by: Mike Golosov, Massachusetts Institute of Technology

Session 21: Exchange Rates

Date: June 23, 2005
Time: 15:45 - 17:45
Location: M202

International Asset Markets and Real Exchange Rate Volatility
By Martin Bodenstein
   Presented by: Martin Bodenstein, Northwestern University

Exchange Rate Regimes
By Bernardino Adao, Isabel Correia and Pedro Teles
   Presented by: Pedro Teles, Federal Reserve Bank of Chicago

Pass-Through and Exchange-Rate Fluctuations in a DSGE Model of Price
By Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
   Presented by: Sylvain Leduc, Federal Reserve Board

Monetary Policy in the Open Economy Revisited: The Case for Exchange-Rate Flexibility Restored
By Duarte, Margarida and Obstfeld, Maurice
   Presented by: Margarida Duarte, Federal Reserve Bank of Richmond

Session 22: On the Determinants of Economic Development

Date: June 23, 2005
Time: 15:45 - 17:45
Location: F609

Slavery, Institutional Development and Long-Run Growth in Africa
By Nathan Nunn
   Presented by: Nathan Nunn, University of Toronto

By Douglas Gollin, Christian Zimmerman
   Presented by: Douglas Gollin, Williams College

Sons of Something: Taxes, Lawsuits and Local Political Control in Sixteenth Century Castile
By Mauricio Drelichman
   Presented by: Mauricio Drelichman, University of British Columbia

Evaluating Explanations for Stagnation
By Elizabeth Caucutt and Krishna Kumar
   Presented by: Elizabeth Caucutt, University of Western Ontario

Session 23: Urban Economics

Date: June 23, 2005
Time: 15:45 - 17:45
Location: F809

Job Search in Thick Markets: Evidence from Italy
By Sabrina Di Addario
   Presented by: Sabrina Di Addario, Bank of Italy

Outsourcing, Inequality, and Cities
By Wen-Chi Liao
   Presented by: Wen-Chi Liao, University of Minnesota

Why Are Private Schools Small? School Location, Returns to Scale, and Size
By Margaret Ledyard
   Presented by: Margaret Ledyard, University of Texas Austin

"Why are Some Cities So Crowded?"
By Jordan Rappaport
   Presented by: Jordan Rappaport, Federal Reserve Bank of Kansas City

Session 24: Mechanism Design

Date: June 23, 2005
Time: 15:45 - 17:45
Location: M201

Capacity Choice Counters the Coase Conjecture
By R. Preston McAfee and Thomas Wiseman
   Presented by: Tom Wiseman, University of Texas Austin

Durable-Goods Monopoly with Varying Cohorts
By Simon Board
   Presented by: Simon Board, University of Toronto

On Ascending Vickrey Auctions for Heterogeneous Objects
By Sven de Vries, James Schummer, Rakesh Vohra
   Presented by: James Schummer, Northwestern University

Optimal Auction Design For Multiple Objects with Externalities
By Nicolas Figueroa and Vasiliki Skreta
   Presented by: Vasiliki Skreta, University of California Los Angeles

Session 25: Consumption and Portfolio Choice Over the Life Cycle

Date: June 23, 2005
Time: 15:45 - 17:45
Location: M102 Popper

Income taxation with uninsurable endowment and entrepreneurial investment risks
By Sagiri Kitao
   Presented by: Sagiri Kitao, NYU

Consumption, Expenditure, and Home Production over the Lifecycle
By Mark Aguiar, Erik Hurst
   Presented by: Mark Aguiar, Federal Reserve Bank of Boston

Health and Heterogeneity
By Josep Pijoan-Mas and Victor Rios-Rull
   Presented by: Josep Pijoan-Mas, Centro de Estudios Monetarios y Financieros

Consumption and Portfolio Choice with Costly Adjustment for Durables
By Nancy L. Stokey
   Presented by: Nancy Stokey, University of Chicago

Session 26: Firms and Aggregate Dynamics

Date: June 23, 2005
Time: 15:45 - 17:45
Location: F309

The Value of Information in Credit Markets
By Jose Wynne
   Presented by: Jose Wynne, Duke University

Financial Development and Macroeconomic Stability
By Urban Jermann and Vincenzo Quadrini
   Presented by: Vincenzo Quadrini, University of Southern California

Business Cycles and Firm Dynamics
By Florin Bilbiie, Fabio Ghironi, Marc Melitz
   Presented by: Fabio Ghironi, Boston College

Firms and Aggregate Dynamics
By Francesco Franco and Thomas Philippon
   Presented by: Francesco Franco, Universidade Nova de Lisboa

Session 27: International Finance

Date: June 23, 2005
Time: 15:45 - 17:45
Location: F409

Financial Integration and the Wealth Effect of Exchange Rate Fluctuations.
By Cedric Tille
   Presented by: Cedric Tille, Federal Reserve Bank of New York

International Lending, Capital Controls and Wealth Inequality
By Geoffrey Dunbar
   Presented by: Geoffrey Dunbar, Queen's University

Risks For The Long Run And The Real Exchange Rate
By Riccardo Colacito and Mariano Croce
   Presented by: Riccardo Colacito, New York University

Monetary Policy in an Equilibrium Portfolio Balance Model
By Michael Kumhof and Stijn van Nieuwerburgh
   Presented by: Michael Kumhof, International Monetary Fund

Session 28: Growth and TFP

Date: June 23, 2005
Time: 15:45 - 17:45
Location: F509

A Tale of Two States
By Amartya Lahiri, Kei-Mu Yi
   Presented by: Amartya Lahiri, Federal Reserve Bank of New York

A Theory of Modern Transition Applied to Thailand
By Hyeok Jeong and Yong Kim
   Presented by: Hyeok Jeong, University of Southern California

Accounting for the Secular "Decline" of U.S. Manufacturing
By Milton Marquis and Bharat Trehan
   Presented by: Bharat Trehan, Federal Reserve Bank of San Francisco

Sustainable Miracles
By Benjamin Bridgman, Victor Gomes, and Arilton Teixeira
   Presented by: Benjamin Bridgman, Bureau of Economic Analysis

Session 29: Economic Growth: A Conversation Between Economics and History

Date: June 24, 2005
Time: 10:00 - 12:00
Location: Auditorium

The Surprising Dynamism of the Malthusian Economy: England, 1200-1800
By Gregory Clark
   Presented by: Gregory Clark, University of California Davis

The Great Synergy: The European Enlightenment as a Factor in Modern Economic Growth.
By Joel Mokyr
   Presented by: Joel Mokyr, Northwestern University

Land Inequality and the Origin of Divergence and Overtaking in the Growth Process: Theory and Evidence
By Oded Galor, Omer Moav, Dietrich Vollrath
   Presented by: Omer Moav, Hebrew University of Jerusalem

Reflections on Economic Growth
By Robert Lucas
   Presented by: Robert Lucas, University of Chicago

Session 30: Housing and Business Cycles

Date: June 24, 2005
Time: 10:00 - 12:00
Location: M102 Popper

Heterogeneity within Communities: A Stochastic Model with Tenure Choice
By Francois Ortalo-Magne and Sven Rady
   Presented by: Francois Ortalo-Magne, University of Wisconsin Madison

The Role of Collateralized Household Debt in Macroeconomic Stabilization
By Jeffrey C. Campbell and Zvi Hercowitz
   Presented by: Zvi Hercowitz, Tel Aviv University

Consumption Commitments: Neoclassical Foundations for Habit Formation
By Raj Chetty and Adam Szeidl
   Presented by: Adam Szeidl, University of California Berkeley

Private Debt and Idiosyncratic Volatility: A Business Cycle Analysis
By Matteo Iacoviello
   Presented by: Matteo Iacoviello, Boston College

Session 31: Culture and Economics

Date: June 24, 2005
Time: 10:00 - 12:00
Location: F409

The Local Dynamics of Culture
By Alberto Bisin and Onur Ozgur
   Presented by: Alberto Bisin, New York University

Fertility and Female Employment: a Different View of the Last 50 Years
By Sebastien Buttet, Alice Schoonbroodt
   Presented by: Alice Schoonbroodt, University of Minnesota

Cultural Biases in Economic Exchange
By Luigi Guiso, Paola Sapienza, Luigi Zingales
   Presented by: Luigi Guiso, University of Chicago

Living Arrangements in Western Europe: Does Cultural Origin Matter?
By Paola Giuliano
   Presented by: Paola Giuliano, International Monetary Fund

Session 32: Games of Timing

Date: June 24, 2005
Time: 10:00 - 12:00
Location: M202

Experimentation and Observational Learning in a Market with Exit
By Pauli Murto and Juuso Valimaki
   Presented by: Pauli Murto, Helsinki School of Economics

The Timing of Acquisitions
By Robin Mason and Helen Weeds
   Presented by: Robin Mason, University of Southampton

Preemption Games with Private Information
By Hugo Hopenhayn and Francesco Squintani
   Presented by: Francesco Squintani, University College London

Endogenous Herding and The Gold Rush: Timing Models with Both Explosive and Timed Entry
By Andreas Park and Lones Smith
   Presented by: Andreas Park, University of Toronto

Session 33: Empirical IO 2: Firm Dynamics

Date: June 24, 2005
Time: 10:00 - 12:00
Location: F509

Prices, Production, and Inventories Over the Automotive Model Year
By Adam Copeland, Wendy Dunn, and George Hall
   Presented by: George Hall, Yale University

Technology Adoption, Learning by Doing, and Productivity: A Study from Steel Refining Furnaces
By Tsuyoshi Nakamura and Hiroshi Ohashi
   Presented by: Hiroshi Ohashi, University of Tokyo

Modeling Firm Dynamics to Identify the Cost of Financing Constraints in Ghanaian Manufacturing
By Matthias Schundeln
   Presented by: Matthias Schuendeln, Harvard University

Measuring and Mismeasuring Industry Productivity Growth Using Plant-Level Data
By Amil Petrin, James Levinsohn
   Presented by: Amil Petrin, University of Chicago

Session 34: Households and Labor Supply

Date: June 24, 2005
Time: 10:00 - 12:00
Location: F609

Consumption Inequality and Intra-Household Allocations
By Jeremy Lise and Shannon Seitz
   Presented by: Jeremy Lise, Queen's University

Job Assignments, Careers and the Gender Earnings Gap
By Stefania Albanesi, Claudia Olivetti
   Presented by: Claudia Olivetti, Boston University

Labor Supply and the Changing Household
By James Kahn
   Presented by: James Kahn, Federal Reserve Bank of New York

Keeping Up with the Joneses: Evidence from Micro Data
By Enrichetta Ravina
   Presented by: Enrichetta Ravina, Northwestern University

Session 35: Financial Frictions and Liquidity

Date: June 24, 2005
Time: 10:00 - 12:00
Location: M201

A Model of Dynamic Liquidity Contracts
By Onur Ozgur
   Presented by: Onur Ozgur, New York University

The Magnitude and Cyclical Behavior of Financial Market Frictions
By Andrew T. Levin, Fabio M. Natalucci, Egon Zakrajsek
   Presented by: Egon Zakrajsek, Federal Reserve Economists

The Design of Monetary and Fiscal Policy: A Global Perspective
By Jess Benhabib and Stefano Eusepi
   Presented by: Jess Benhabib, New York University

Financing Shortfalls and the Value of Aggregate Liquidity
By Andrea Eisfeldt and Adriano Rampini
   Presented by: Andrea Eisfeldt, Northwestern University

Session 36: Emerging Market Crises

Date: June 24, 2005
Time: 10:00 - 12:00
Location: F309

Aggregate Investment Expenditures on Traded and Nontraded Goods
By Rudolfs Bems
   Presented by: Rudolfs Bems, Stockholm School of Economics

Do Miracles Lead to Crises?: An Informational Frictions Explanation to Emerging Market Financial Crises
By Emine Boz
   Presented by: Emine Boz, University of Maryland

Optimal Monetary and Exchange Rate Policies in Crisis-Prone Small Open Economies
By Joydeep Bhattacharya and Rajesh Singh
   Presented by: Rajesh Singh, Iowa State University

Government Finance in the Wake of Currency Crises
By Craig Burnside, Martin Eichenbaum, Sergio Rebelo
   Presented by: A. Craig Burnside, Duke University

Session 37: Monetary Theory 2

Date: June 24, 2005
Time: 10:00 - 12:00
Location: M103 Gellner

Time Consistent Monetary Policy with Endogenous Price Rigidity
By Henry Siu
   Presented by: Henry Siu, University of British Columbia

Inflation, Prices, and Information in Competitive Search
By Miquel Faig and Belen Jerez
   Presented by: Belen Jerez, Universidad Carlos III de Madrid

Mechanism Design and Payments
By Thorsten Koeppl Cyril Monnet Ted Temzelides
   Presented by: Ted Temzelides, University of Pittsburgh

On the Coexistence of Money and Bonds
By David Andolfatto
   Presented by: David Andolfatto,

Session 38: Inequality, Risk and Welfare

Date: June 24, 2005
Time: 13:15 - 15:15
Location: F309

Private and Public Risk Sharing in Economies with Limited Enforcement
By Dirk Krueger, Fabrizio Perri
   Presented by: Dirk Krueger, Frankfurt University

Trade Policy, Income Risk and Welfare
By Tom Krebs, Pravin Krishna, William Maloney
   Presented by: Pravin Krishna, Brown University

Aggregate Shocks and the Volatility of House Prices
By J.V.Rios-Rull and V. Sanchez-Marcos
   Presented by: Virginia Sanchez-Marcos, Universidad de Cantabria

A Tractable Framework for Understanding Dispersion in Labor Supply and Consumption
By Heathcote, Storesletten and Violante
   Presented by: Kjetil Storesletten, Stockholm University

Session 39: Dynamic Public Economics

Date: June 24, 2005
Time: 13:15 - 15:15
Location: M102 Popper

A Theory of Capital Adequacy Requirements of Banks
By M. Golosov and A. Tsyvinski
   Presented by: Aleh Tsyvinski, University of California Los Angeles

Income Redistribution and Disability Insurance
By Hugo Hopenhayn and Juan Carlos Hatchondo
   Presented by: Hugo Hopenhayn, University of California, Los Angeles

Markets as Beneficial Constraints on the Government
By Alberto Bisin and Adriano Rampini
   Presented by: Adriano Rampini, Northwestern University

Inequality, Social Discounting and Estate Taxation
By Emmanuel Farhi and Ivan Werning
   Presented by: Emmanuel Farhi, Massachusetts Institute of Technology

Session 40: Information and Macroeconomics

Date: June 24, 2005
Time: 13:15 - 15:15
Location: M201

Information Immobility and the Home Bias Puzzle
By Stijn Van Nieuwerburgh and Laura Veldkamp
   Presented by: Laura Veldkamp, New York University

Inattentive Producers
By Ricardo Reis
   Presented by: Ricardo Reis, Princeton University

Optimal Sticky Prices under Rational Inattention
By Bartosz Mackowiak and Mirko Wiederholt
   Presented by: Mirko Wiederholt, Humboldt University Berlin

Monetary Policy and Consumer Expectations
By Guido Lorenzoni
   Presented by: Guido Lorenzoni, Massachusetts Institute of Technology

Session 41: The Economics of Marriage

Date: June 24, 2005
Time: 13:15 - 15:15
Location: F509

The Value of Sons in Premodern Economies: A View from the Marriage Market
By Maristella Botticini and Aloysius Siow
   Presented by: Maristella Botticini, Boston University and Universita di Torino

The Mystery of Monogamy
By Eric D. Gould, Omer Moav, and Avi Simhon
   Presented by: Avi Simhon, The Hebrew University of Jerusalem

Spousal Matching, Marriage Contracts and Divorce: A Collective Household Approach
By Pierre-Andre Chiappori, Murat Iyigun, Yoram Weiss
   Presented by: Murat Iyigun, University of Colorado

What Makes You Click? An Empirical Analysis of Online Dating
By Guenter Hitsch, Ali Hortacsu, Dan Ariely
   Presented by: Ali Hortacsu, University of Chicago

Session 42: Computational Methods

Date: June 24, 2005
Time: 13:15 - 15:15
Location: F409

On the Recursive Saddle Point Method
By Ramon Marimon, Matthias Messner and Nicola Pavoni
   Presented by: Matthias Messner, Bocconi University

Asset Trading Volume in a Production Economy
By Emilio Espino and Thomas Hintermaier
   Presented by: Emilio Espino, Institute for Advanced Studies

Bayesian Estimation of Dynamic Discrete Choice Models
By Susumu Imai, Neelam Jain, Andrew Ching
   Presented by: Neelam Jain, Northern Illinois University

Solving Dynamic Stochastic Optimization Problems Using the Method of Endogenous Gridpoints
By Christopher D. Carroll
   Presented by: Christopher Carroll, Johns Hopkins University

Session 43: Unemployment and Job Search

Date: June 24, 2005
Time: 13:15 - 24:15
Location: M202

Privatization, Unemployment and Subsidy
By K. Balla, G. Kertesi, J. Kollo, A. Simonovits
   Presented by: Andras Simonovits, Institute of Economics

Embodied Technical Change and the Persistence of Vacancies
By Reinout De Bock
   Presented by: Reinout De Bock, Northwestern University

Structural Change and Aggregate Employment with Mobility Barriers
By Liwa Rachel Ngai and Christopher Pissarides
   Presented by: rachel ngai, london school of economics

Directed search without wage commitment: a new role for minimum wages and unions.
By Adrian Masters
   Presented by: Adrian Masters, State University of New York Albany

Session 44: Accounting for International Price Differentials

Date: June 24, 2005
Time: 13:15 - 15:15
Location: F809

Price Dispersion: The Role of Borders, Distance and Location
By Mario Crucini, Chris Telmer, Marios Zachariadis
   Presented by: Mario Crucini, Vanderbilt University

How Relative Prices Differ Across Countries, and
By Berhtold Herrendorf and Akos Valentinyi
   Presented by: Akos Valentinyi, University of Southampton

Violating Purchasing Power Parity
By George Alessandria and Joseph Kaboski
   Presented by: George Alessandria, Federal Reserve Bank of Philadelphia

A Decomposition of the Sources of Incomplete Cross-Border Transmission
By Rebecca Hellerstein
   Presented by: Rebecca Hellerstein, Federal Reserve Bank of New York

Session 45: Dynamics and Theory

Date: June 24, 2005
Time: 13:15 - 15:15
Location: F609

Endogenous Borrowing Constraints in the Presence of Shipping Costs
By Stephane Guibaud
   Presented by: Stephane Guibaud, Paris-Jourdan Sciences Economiques

Complete Markets, Enforcement Constraints and Intermediation
By Arpad Abraham and Eva Carceles-Poveda
   Presented by: Arpad Abraham,

Delay Aversion
By Jean-Pierre Benoît, Efe OK
   Presented by: Jean-Pierre Benoit, New York University

Strategic Experimentation with Undiscounted Bandits
By Godfrey Keller, Sven Rady
   Presented by: Godfrey Keller, University of Oxford

Session 46: Monetary Theory and Policy

Date: June 24, 2005
Time: 13:15 - 15:15
Location: M103 Gellner

Currency Areas and Monetary Coordination
By Qing Liu, Shouyong Shi
   Presented by: Qing Liu, University of Toronto

Money and Capital
By S. Boragan Aruoba, Christopher J. Waller, Randall Wright
   Presented by: S. Boragan Aruoba, University of Maryland

Monetary Policy and Distribution
By Stephen D. Williamson
   Presented by: Stephen Williamson, University of Iowa

"The effects of inflation in a search model of labor"
By Brian Peterson and Roberto Samaniego
   Presented by: Brian Peterson, Indiana University

Session 47: Driving Forces of Macroeconomic Trends

Date: June 24, 2005
Time: 13:15 - 15:15
Location: Auditorium

Wage Structure and Public Sector Employment: Sweden versus the United States 1970-1999
By David Domeij and Lars Ljungqvist
   Presented by: David Domeij, Stockholm School of Economics

Japanese Saving Rate
By Kaiji Chen, Ayse Imrohoroglu, and Selo Imrohoroglu
   Presented by: Ayse Imrohoroglu, usc

Saving and Interest Rates in Japan:Why They Have Fallen and Why They Will Remain Low
By R. Anton Braun, Daisuke Ikeda, Douglas Joines
   Presented by: R. Braun, University of Tokyo

Productivity and the Post-1990 U.S. Economy
By Ellen McGrattan & Edward Prescott
   Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis

Session 48: Wealth Accumulation Over the Life Cycle

Date: June 24, 2005
Time: 15:45 - 17:45
Location: Auditorium

Risky Human Capital
By Mark Huggett, Gustavo Ventura, Amir Yaron
   Presented by: Gustavo Ventura, Pennsylvania State University

Estimating the Response of Bequests to Early and Late Income Shocks
By Joseph G. Altonji and Ernesto Villanueva
   Presented by: Joseph Altonji, Yale University

Estate taxes, entrepreneuship, and wealth
By Marco Cagetti and Mariacristina De Nardi
   Presented by: Mariacristina De Nardi, University of Minnesota

Session 49: Financial Crises

Date: June 24, 2005
Time: 15:45 - 17:45
Location: F409

Reputation and Price Dynamics in Financial Markets
By Amil Dasgupta and Andrea Prat
   Presented by: Amil Dasgupta, London School of Economics

Market Expectations and Currency Crises: Theory and Empirics
By Bernardo Guimaraes
   Presented by: Bernardo Guimaraes, London School of Economics

Crises and Prices: Information Aggregation, Multiplicity and Volatility
By George-Marios Angeletos and Ivan Werning
   Presented by: George-Marios Angeletos, Massachusetts Institute of Technology

Financial Crises and Interest Rates
By Christian Hellwig, Arijit Mukherji, Aleh Tsyvinski
   Presented by: Christian Hellwig, University of California Los Angeles

Session 50: Search, Market Segmentation, and Wages

Date: June 24, 2005
Time: 15:45 - 17:45
Location: F609

Human Capital Portfolios and the Distribution of Earnings
By Eric Smith
   Presented by: Eric Smith, University of Essex

Does Employment Protection Create Its Own Political Support? The Role of Wage Determination
By Bjoern Bruegemann
   Presented by: Bjorn Brugemann, Yale University

On the Segmentation of Markets
By Nicolas L Jacquet and Serene Tan
   Presented by: Nicolas Jacquet, University of Pennsylvania

Lots of Heterogeneity in a Matching Model
By Martin Browning, John Kennes and Aaron Schiff
   Presented by: John Kennes, University of Copenhagen

Session 51: Microfoundations of Wage and Price Rigidity

Date: June 24, 2005
Time: 15:45 - 17:45
Location: M102 Popper

Search, Costly Price Adjustment and the Frequency of Price Changes – Theory and Evidence
By Jerzy D. Konieczny and Andrzej Skrzypacz
   Presented by: Andrzej Skrzypacz, Stanford University

Dynamic Screening: A Role for Up-or-Out Contracts
By Braz Camargo and Elena Pastorino
   Presented by: Braz Camargo, University of Western Ontario

Shooting the Auctioneer
By Roger E. A. Farmer
   Presented by: Roger Farmer, University of California Los Angeles

Private Information, Wage Bargaining and Employment Fluctuations
By John Kennan
   Presented by: John Kennan, University of Wisconsin Madison

Session 52: Game Theory

Date: June 24, 2005
Time: 15:45 - 17:45
Location: M201

The Wisdom of the Minority
By Steven Callander, Johannes Horner
   Presented by: Johannes Horner, Northwestern University

By Jing Li
   Presented by: Jing Li, University of Pennsylvania

Revealed Preference in Game Theory
By Adam Galambos
   Presented by: Adam Galambos, Northwestern University

Theories of Coalitional Rationality
By Attila Ambrus
   Presented by: Attila Ambrus, Harvard University

Session 53: Banking

Date: June 24, 2005
Time: 15:45 - 17:45
Location: M202

Bank Finance versus Bond Finance: What Explains the Differences Between US and Europe?
By Fiorella De Fiore and Harald Uhlig
   Presented by: Fiorella De Fiore, European Central Bank

Forbearance and Prompt Corrective Action
By Narayana Kocherlakota, Ilhyock Shim
   Presented by: Ilhyock Shim, Bank for International Settlements`

Monopoly versus Competition in Banking: Some Implications for Growth and Welfare
By Beatrix Paal, Ke Wang and Bruce D. Smith
   Presented by: Beatrix Paal, University of Texas Austin

The Welfare Cost of Bank Capital Requirements
By Skander Van den Heuvel
   Presented by: Skander Van den Heuvel, University of Pennsylvania

Session 54: Job Search and Labor Contracts

Date: June 24, 2005
Time: 15:45 - 17:45
Location: M103 Gellner

A Theory of Wage and Turnover Dynamics
By Lalith Munasinghe
   Presented by: Lalith Munasinghe, Barnard College, Columbia University

Wage-Tenure Contracts, Experience and Employment Status
By Carlos Carrillo-Tudela
   Presented by: Carlos Carrillo-Tudela, University of Essex

Labor Market Dynamics under Long Term Wage Contracting
By Leena Rudanko
   Presented by: Leena Rudanko, University of Chicago

The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
By Marcus Hagedorn, Iourii Manovskii
   Presented by: Marcus Hagedorn, University of Bonn

Session 55: Monetary Policy in Open Economies

Date: June 24, 2005
Time: 15:45 - 17:45
Location: F809

Optimal Monetary Policy in a Small Open Economy under Segmented Asset Markets and Sticky Prices
By Ruy Lama and Juan Pablo Medina
   Presented by: Ruy Lama, University of California Los Angeles

Real Effects of Nominal Exchange Rate Shocks
By Peter Benczur and Istvan Konya
   Presented by: Peter Benczur, Magyar Nemzeti Bank

Inflation Differentials and Labor and Product Market Differences in the EMU
By Alessia Campolmi and Ester Faia
   Presented by: Ester Faia, Universitat Pompeu Fabra

Optimal Fiscal and Monetary Policy in Open Economies
By Bernardino Adao and Isabel Correia
   Presented by: Isabel Correia, Banco de Portugal

Session 56: Trade and Business Cycles

Date: June 24, 2005
Time: 15:45 - 17:45
Location: F309

Trade Intensity and International Business Cycles
By Timothy J. Kehoe and Kim J. Ruhl
   Presented by: Kim Ruhl, University of Texas Austin

Import Protection as Export Destruction
By Hiroyuki Kasahara and Beverly Lapham
   Presented by: Beverly Lapham, Queen's University

Trade and the Canadian Great Depression
By Pedro Amaral and Jim MacGee
   Presented by: Jim MacGee, University of Western Ontario

Trade, Production Sharing and the International Transmission of Business Cycles
By Ariel Burstein, Chris Kurz and Linda Tesar
   Presented by: Linda Tesar, University of Michigan

Session 57: Firms, Investment, and TFP

Date: June 24, 2005
Time: 15:45 - 17:45
Location: F509

Macroeconomic Implications of Size Dependent Policies
By Nezih Guner, Gustavo Ventura, and Xu Yi
   Presented by: Nezih Guner, Pennsylvania State University

Development Accounting with Endogenous TFP
By Marla Ripoll and Juan Carlos Cordoba
   Presented by: Marla Ripoll, Univesity of Pittsburgh

Spurious Investment Specific Technological Change
By Bart Hobijn and Alisdair McKay
   Presented by: Bart Hobijn, Federal Reserve Bank of New York

New Evidence on Durable Goods Biased Technological Change
By Susanto Basu, John Fernald, Jonas Fisher, Miles Kimball
   Presented by: John Fernald, Federal Reserve Bank of Chicago

Session 58: Growth Perspectives

Date: June 25, 2005
Time: 10:00 - 12:00
Location: F309

Human Capital and the Wealth of Nations
By Rodolfo Manuelli and Ananth Seshadri
   Presented by: Rodolfo Manuelli, University of Wisconsin

By Matthias Doepke and Andrea Eisfeldt
   Presented by: Matthias Doepke, University of California Los Angeles

Three Equations Generating an Industrial Revolution
By Michele Boldrin, Larry E. Jones, and Aubhik Khan
   Presented by: Michele Boldrin, University of Minnesota

A Life-Cycle Theory of Household Size: United States 1850-2000
By Todd Schoellman and Michele Tertilt
   Presented by: Michele Tertilt, Stanford University

Session 59: Topics in International Economics

Date: June 25, 2005
Time: 10:00 - 12:00
Location: F409

Fiscal Policy Amplified Shocks in Emerging Markets
By Mark Aguiar, Manuel Amador and Gita Gopinath
   Presented by: Manuel Amador, Stanford University

Why Does Capital Flow to the Wrong Countries?
By Pierre-Olivier Gourinchas and Olivier Jeanne
   Presented by: Pierre-Olivier Gourinchas, University of California Berkeley

Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin's Q
By Enrique G. Mendoza
   Presented by: Enrique G. Mendoza, University of Maryland

Trade Costs, Pricing to Market, and International Relative Prices
By Andrew Atkeson and Ariel Burstein
   Presented by: Ariel Burstein, University of California Los Angeles

Session 60: Dynamic Models of Legislative Bargaining

Date: June 25, 2005
Time: 10:00 - 12:00
Location: F509

A Dynamic Theory of Endogenous Constitutions
By Matteo Cervellati, Piergiuseppe Fortunato, Uwe Sunde
   Presented by: Uwe Sunde, IZA

Bargaining over Taxation
By Julio Davila, Jan Eeckhout and Cesar Martinelli
   Presented by: Jan Eeckhout, University of Pennsylvania

Dynamics of Westminster Parliamentarism
By Tasos Kalandrakis
   Presented by: Tasos Kalandrakis, University of Rochester

Inefficiency in Legislative Policy-Making: A Dynamic Analysis
By Marco Battaglini and Stephen Coate
   Presented by: Marco Battaglini, Princeton University

Session 61: Empirical Analysis of Reallocation Frictions

Date: June 25, 2005
Time: 10:00 - 12:00
Location: Auditorium

A Theory of the Matching Function
By Robert Shimer
   Presented by: Robert Shimer, University of Chicago

An Empirical Model of Growth Through Product Innovation
By Rasmus Lentz and Dale T. Mortensen
   Presented by: Rasmus Lentz, Boston University

Career Dynamics Under Uncertainty: Estimating the Value of Firm Experimentation
By Elena Pastorino
   Presented by: Elena Pastorino, University of Pennsylvania

Minimum Wage and Compliance in a Model of Search On-the-Job
By Z. Eckstein, S. Ge and B. Petrongolo
   Presented by: Zvi Eckstein, Tel Aviv University

Session 62: Expectations: Empirical Analysis

Date: June 25, 2005
Time: 10:00 - 12:00
Location: M202

Learning and Bargaining in Dispute Resolution: Theory and Evidence from Medical Malpractice Litigation
By Yasutora Watanabe
   Presented by: Yasutora Watanabe, University of Pennsylvania

The Epidemiology of Consumption
By Christopher Carroll, Jiri Slacalek and Martin Sommer
   Presented by: Jiri Slacalek, German Institute for Economic Research Berlin

Measuring Revisions to Subjective Expectations
By Adeline Delavande
   Presented by: Adeline Delavande, RAND

Individual Perceptions of the Criminal Justice System
By Lance Lochner
   Presented by: Lance Lochner, University of Western Ontario

Session 63: Optimal Contracting Under Moral Hazard

Date: June 25, 2005
Time: 10:00 - 12:00
Location: M103 Gellner

Contracting with Repeated Moral Hazard and Private Evaluations
By William Fuchs
   Presented by: William Fuchs, Stanford Univeristy

Repeated Moral Hazard with Effort Persistence
By Arantxa Jarque
   Presented by: Arantxa Jarque, Universidad de Alicante

Reputation and Capital Controls
By Christopher Phelan
   Presented by: Christopher Phelan, Federal Reserve Bank of Minneapolis

Stochasitc Monitoring, Optimal Capital Structure and Executive Compensation
By Andrew Atkeson and Harold Cole
   Presented by: Harold Cole, University of California Los Angeles

Session 64: Social Security

Date: June 25, 2005
Time: 10:00 - 12:00
Location: F609

Sustainable Social Security
By Thomas Eisensee
   Presented by: Thomas Eisensee, Stockholm University

The Welfare Gains of Improving Risk Sharing in Social Security
By Conny Olovsson
   Presented by: Conny Olovsson, Stockholm School of Economics

Immigration and the Survival of the Welfare State
By Francesc Ortega
   Presented by: Francesc Ortega, Universitat Pompeu Fabra

Pareto-Improving Social Security Reform
By Douglas H. Joines
   Presented by: Douglas Joines, University of Southern California

Session 65: Finance and Monetary Policy

Date: June 25, 2005
Time: 10:00 - 12:00
Location: M201

Optimal Stabilization Policies in a Model with Financial Intermediation
By Aleksander Berentsen and Christopher Waller
   Presented by: Aleksander Berentsen, University of Basel

Monetary Policy and the Term Structure of Interest Rates
By Federico Ravenna and Juha Seppala
   Presented by: Juha Seppala, University of Illinois

No-Arbitrage Taylor Rules
By Andrew Ang, Sen Dong, Monika Piazzesi
   Presented by: Andrew Ang, Columbia Business School

Taylor Rules, McCallum Rules and the Term Structure of Interest Rates
By Michael F. Gallmeyer, Burton Hollifield, Stanley E. Zin
   Presented by: Stanley Zin, Carnegie Mellon University

Session 66: Business Cycles and Employment Dynamics

Date: June 25, 2005
Time: 10:00 - 12:00
Location: M102 Popper

Unemployment Dynamics with Staggered Nash Wage Bargaining
By Mark Gertler and Antonella Trigari
   Presented by: Antonella Trigari, IGIER, Università Bocconi

Organizational Capital and Employment Fluctuations
By Thijs van Rens
   Presented by: Thijs van Rens, Princeton University

Technology Shock and Employment: Do We Need Models with a Fall in Hours?
By Martial Dupaigne, Patrick Feve and Julien Matheron
   Presented by: Patrick Feve, University of Toulouse

A Century of Work and Leisure
By Valerie A. Ramey and Neville Francis
   Presented by: Valerie Ramey, University of California, San Diego

Session 67: Theoretical and Empirical Implications of Incomplete Markets Models

Date: June 25, 2005
Time: 13:15 - 15:15
Location: F409

Borrowing Constraints, Durables, and the Business Cycle
By Jesus Fernandez-Villaverde and Dirk Krueger
   Presented by: Jesus Fernandez-Villaverde, University of Pennsylvania

Job Displacement Risk and the Cost of Business Cycles
By Tom Krebs
   Presented by: Tom Krebs, Brown University

Rising Earnings Instability and Prices of Housing and Financial Assets
By Makoto Nakajima
   Presented by: Makoto Nakajima, University of Illinois, Urbana-Champaign

U.S. Inequality: Debt Constraints or Incomplete Markets?
By Juan Carlos Cordoba
   Presented by: Juan Cordoba, Rice University

Session 68: International Trade, FDI, and Offshoring

Date: June 25, 2005
Time: 13:15 - 15:15
Location: F309

Varieties, Terms of Trade and Growth
By Christian Broda and David Weinstein
   Presented by: Christian Broda, Federal Reserve Bank of New York

An Anatomy of International Trade: Evidence from French Firms
By Jonathan Eaton, Samuel Kortum, and Francis Kramarz
   Presented by: Samuel Kortum, University of Minnesota

An Assignment Theory of Foreign Direct Investment
By Volker Nocke and Stephen Yeaple
   Presented by: Volker Nocke, University of Pennsylvania

Offshoring in a Knowledge Economy
By Pol Antras, Luis Garicano and Esteban Rossi-Hansberg
   Presented by: Esteban Rossi-Hansberg, Stanford University

Session 69: Empirical IO 1: Spatial Allocation of Firms

Date: June 25, 2005
Time: 13:15 - 15:15
Location: M201

The Dynamics of Retail Oligopolies
By Beresteanu Arie and Paul Ellickson
   Presented by: Arie Beresteanu, Duke University

Coordination Games, Multiple Equilibria and the Timing of Radio Commercials
By Andrew Sweeting
   Presented by: Andrew Sweeting, Northwestern University

Stochastic Dynamic Programming in Space: An Application to British Columbia Forestry
By Harry J. Paarsch and John Rust
   Presented by: Harry Paarsch, University of Iowa

Competition in Large Markets
By Jeffrey R. Campbell
   Presented by: Jeffrey Campbell, Federal Reserve Bank of Chicago

Session 70: Information and Asset Pricing

Date: June 25, 2005
Time: 13:15 - 15:15
Location: M102 Popper

A Search-Based Theory of the On-the-Run Phenomenon
By Dimitri Vayanos and Pierre-Olivier Weill
   Presented by: Pierre-Olivier Weill, New York University

Consumption Dynamics, Asset Pricing, and Welfare Effects under Information Processing Constraints
By Yulei Luo
   Presented by: Yulei Luo, Princeton University

Information Acquisition and Portfolio Underdiversification
By Stijn Van Nieuwerburgh and Laura Veldkamp
   Presented by: Stijn Van Nieuwerburgh, New York University

A Quantitative Model of Competitive Asset Pricing Under Private Information
By Juan Carlos Hatchondo, Per Krusell, and Martin Schneider
   Presented by: Per Krusell, University of Rochester

Session 71: Matching and Dynamic Contracts

Date: June 25, 2005
Time: 13:15 - 15:15
Location: M103 Gellner

Social Preferences, Skill Segregation, and Wage Dynamics
By Antonio Cabrales, Antoni Calvo-Armengol, Nicola Pavoni
   Presented by: Nicola Pavoni, University College of London

Wage Distribution with a Two-Sided Job Auction
By Marja-Liisa Halko, Klaus Kultti, Juha Virrankoski
   Presented by: Juha Virrankoski, University of Helsinki

Termination of Dynamic Contracts in an Equilibrium Labor Market Model
By Cheng Wang
   Presented by: Cheng Wang, Iowa State University

Surplus Sharing and Pricing in Matching Markets
By George Mailath, Andrew Postlewaite, Larry Samuelson
   Presented by: Andrew Postlewaite, University of Pennsylvania

Session 72: Empirical Studies of Consumption Behavior

Date: June 25, 2005
Time: 13:15 - 15:15
Location: F809

Aggregate Shocks, Idiosyncratic Risk, and Durable Goods Purchases: Evidence from Turkeys 1994 Financial Crisis
By Burcu Duygan
   Presented by: Burcu Duygan, European University Institute

Adjustment to a Large Shock - Do Households Smooth Low Frequency Consumption?
By Nicola Fuchs-Schuendeln
   Presented by: Nicola Fuchs-Schuendeln, Harvard University

Temptation and Self-Control: Some Evidence from the Consumer Expenditure Survey
By Kevin X.D. Huang, Zheng Liu, Qi Zhu
   Presented by: Kevin Huang, Federal Reserve Bank of Philadelphia

Risk Sharing
By Martin Gervais, Paul Klein
   Presented by: Martin Gervais, University of Western Ontario

Session 73: Growth

Date: June 25, 2005
Time: 13:15 - 15:15
Location: F609

The Stock Market and the Allocation of Capital in a Production Economy
By Joel Peress
   Presented by: Joel Peress, INSEAD

Intermediation Costs, Investor Protection, and Economic Development
By António Antunes, Tiago V. de V. Cavalcanti and Anne P. Villamil
   Presented by: Tiago Cavalcanti, Universidade Nova de Lisboa

Technological Diversification
By Miklos Koren and Silvana Tenreyro
   Presented by: Miklos Koren, Harvard University, Hungarian Academy of Sciences

Corporata Taxes, Growth and Welfare in a Schumpeterian Economy
By Pietro F. Peretto
   Presented by: Pietro Peretto, Duke University

Session 74: Optimal Fiscal and Monetary Policy

Date: June 25, 2005
Time: 13:15 - 15:15
Location: Auditorium

On the Privatization of Public Debt
By Marco Del Negro, Fabrizio Perri, Fabiano Schivardi
   Presented by: Fabiano Schivardi, Bank of Italy

The Benefits of Low Inflation: Financial Development within an Endogenous Growth Economy
By Max Gillman, Mark Harris, Michal Kejak
   Presented by: Max Gillman, Central European University

Benefits from U.S. Monetary Policy Experimentation in the Days of Samuelson
By Timothy Cogley, Riccardo Colacito, Thomas Sargent
   Presented by: Thomas Sargent, New York University

Endogenous Money, Inflation and Welfare
By Espen Henriksen and Finn Kydland
   Presented by: Espen Henriksen, GSIA, CMU

Session 75: Impulse and Propagation Mechanisms

Date: June 25, 2005
Time: 13:15 - 15:15
Location: F509

Learning-by-Doing or Habit Formation?
By Hafedh Bouakez and Takashi Kano
   Presented by: Hafedh Bouakez, HEC Montreal

Stabilization versus Insurance: Welfare Effects of Procyclical Taxation Under Incomplete Markets
By James Costain, Michael Reiter
   Presented by: James Costain, Universidad Carlos III de Madrid

Ambiguity and the Welfare Costs of Aggregate Fluctuations
By Irasema Alonso and Jose Mauricio Prado Jr.
   Presented by: Irasema Alonso, University of Rochester

The Granular Origins of Aggregate Fluctuations
By Xavier Gabaix
   Presented by: Xavier Gabaix, Massachusetts Institute of Technology

Session 76: Perspectives on Sovereign Debt and Default

Date: June 25, 2005
Time: 15:45 - 17:45
Location: F409

By Federico Sturzenegger and Jeromin Zettelmeyer
   Presented by: Jeromin Zettelmeyer, International Monetary Fund

Sovereign Defaults: Information, Investment and Credit
By Guido M. Sandleris
   Presented by: Guido Sandleris, Columbia University

A Theory of Debt Overhang and Buyback
By Natalia Kovrijnykh and Balazs Szentes
   Presented by: Balazs Szentes, Boston University

Guano Happens: Two Centuries of Sovereign Debt and Default
By Mike Tomz and Mark Wright
   Presented by: Mark Wright, Stanford University

Session 77: Empirical Research in Labor Economics

Date: June 25, 2005
Time: 15:45 - 17:45
Location: F309

The Public Pay Gap in Britain: Small Differences that (Don't?) Matter
By Fabien Postel-Vinay and Helene Turon
   Presented by: Fabien Postel-Vinay, CREST-INSEE

More Results on the Use of Record Statistics in Job Search Models
By Gadi Barlevy
   Presented by: Gadi Barlevy, Federal Reserve Bank of Chicago

Career Progression and Formal versus On the Job Training
By J. Adda, C. Dustmann, C. Meghir, J.-M. Robin
   Presented by: Jean-Marc Robin, University Paris 1

How Large are Search Frictions
By Pieter Gautier & Coen Teulings
   Presented by: C.N. Teulings, University of Amsterdam

Session 78: Monetary Economies with Segmented Markets

Date: June 25, 2005
Time: 15:45 - 17:45
Location: M202

Sticky Demand or Sticky Prices?
By Chris Edmond
   Presented by: Chris Edmond, New York University

Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand
By Jonathan Chiu
   Presented by: Jonathan Chiu, University of Western Ontario

Inflation and Interest Rates with Endogenous Market Segmentation
By Aubhik Khan and Julia K. Thomas
   Presented by: Julia Thomas, University of Minnesota

A Likelihood-Based Evaluation of the Segmented Markets Friction in Equilibrium Monetary Models
By John Landon-Lane and Filippo Occhino
   Presented by: Filippo Occhino, Rutgers University

Session 79: Matching: Theory and Empirics

Date: June 25, 2005
Time: 15:45 - 17:45
Location: M201

Semiparametric Estimation of Two-Sided Matching Models with Endogenous Prices
By Jeremy T. Fox
   Presented by: Jeremy Fox, University of Chicago

Credible Group Stability in Multi-Partner Matching Problems
By Hideo Konishi and Utku Unver
   Presented by: Utku Unver, Koc University

Assortative Matching with Explicit Search Costs
By Alp Atakan
   Presented by: Alp Atakan, Northwestern University

A Theory of Stability in Many-to-Many Matching Markets
By Federico Echenique and Jorge Oviedo
   Presented by: Federico Echenique,

Session 80: Computational Dynamic General Equilibrium

Date: June 25, 2005
Time: 15:45 - 17:45
Location: M102 Popper

Optimal Policy Under Sticky Prices: How to Get Accurate Solutions
By Michael Reiter
   Presented by: Michael Reiter, Universitat Pompeu Fabra

Two-Fund Separation in Dynamic General Equilibrium
By Karl Schmedders
   Presented by: Karl Schmedders, Kellogg School of Management

Approximate Generalizations in Applied Equilibrium Analysis
By Felix Kubler
   Presented by: Felix Kubler, University of Mannheim

Numerical Solution of Dynamic Non-Optimal Economies
By Jianjun Miao and Manuel Santos
   Presented by: Jianjun Miao, Boston University

Session 81: Asset Pricing 2

Date: June 25, 2005
Time: 15:45 - 17:45
Location: M103 Gellner

Was There a Nasdaq Bubble in the Late 1990s?
By Lubos Pastor and Pietro Veronesi
   Presented by: Lubos Pastor, University of Chicago

Asset Prices and Asset Correlations in Illiquid Markets
By Celso Brunetti and Alessio Caldarera
   Presented by: Celso Brunetti, Johns Hopkins University

Why is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium
By Martin Lettau and Jessica Wachter
   Presented by: Jessica Wachter, University of Pennsylvania

Human Capital Risk, Stockholder Consumption, and Asset Returns
By Christopher Malloy, Tobias Moskowitz, Annette Vissing-Jorgensen
   Presented by: Christopher Malloy, London Business School

Session 82: Life Cycle Decisions and Altruism

Date: June 25, 2005
Time: 15:45 - 17:45
Location: F809

Subjective Morality Risks and Bequests
By Li Gan, Guan Gong, Michael Hurd, Daniel McFadden
   Presented by: Guan Gong, University of Texas Austin

Explaining Life-Cycle Asset Allocation : The Role of Bequests and Under-Diversification
By Claudio Campanale, Fatih Guvenen
   Presented by: Claudio Campanale, University of Alicante

Elimination of Social Security in a Dynastic Framework
By Aise Imrohoroglu and Selahattin Imrohoroglu
   Presented by: Selahattin Imrohoroglu, University of Southern California

The Effects of Longevity and Distortions on Education and Retirement.
By Pedro Cavalcanti Ferreira and Samuel de Abreu Pessoa
   Presented by: Pedro Ferreira, Getulio Vargas

Session 83: Trade, Institutions, and Growth

Date: June 25, 2005
Time: 15:45 - 17:45
Location: F609

Globalization and Democracy, 1870-2000
By Jose Ernesto Lopez Cordova and Christopher M. Meissner
   Presented by: Christopher Meissner, University of Cambridge

An unbalanced growth path for the global economy
By Cristina Echevarria and Christopher Hajzler
   Presented by: Cristina Echevarria, University of Saskatchewan

Institutions: Why are They Persistent and Why Do They Change?
By Bryan Paterson
   Presented by: Bryan Paterson, Queen's University

On the Joint Dynamics of Inequality and Growth
By Fernando Jaramillo, Hubert Kempf, Fabien Moizeau
   Presented by: Hubert Kempf,

Session 84: Time Consistency of Monetary and Fiscal Policy

Date: June 25, 2005
Time: 15:45 - 17:45
Location: F509

Default Risk, the Real Exchange Rate and Income Fluctuations in Emerging Economies
By Cristina Arellano
   Presented by: Cristina Arellano, University of Minnesota

Optimal Fiscal Policy and the (Lack of) Time Inconsistency Problem
By Marina Azzimonti, Pierre-Daniel Sarte and Jorge Soares
   Presented by: Marina Azzimonti Renzo, University of Iowa

Time Consistent Fiscal Policy and Heterogeneous Agents
By Roc Armenter
   Presented by: Roc Armenter, Federal Reserve Bank of New York

Tax Riots
By Marco Bassetto and Christopher Phelan
   Presented by: Marco Bassetto, University of Minnesota

Session 85: On the Determinants of Business Cycles

Date: June 25, 2005
Time: 15:45 - 17:45
Location: Auditorium

Stock Prices, Total Factor Productivity and Economic Fluctuations; Some Further Evidence from Japanese and U.S. Sectoral Data
By Paul Beaudry & Franck Portier
   Presented by: Franck Portier, Universite de Toulouse

The European Unemployment Experience: Theoretical Robustness
By Lars Ljungqvist and Thomas J. Sargent
   Presented by: Lars Ljungqvist, Stockholm School of Economics

Growth Expectations and Business Cycles
By Wouter J. Denhaan, Georg Kaltenbrunner
   Presented by: Wouter Denhaan, London School of Economics

Why have business cycle fluctuations become less volatile?
By Andres Arias, Gary Hansen and Lee Ohanian
   Presented by: Gary Hansen, UCLA