2006 Meetings of the Society for Economic Dynamics |
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Summary of All Sessions |
| # | Date/Time | Location | Title | Papers |
|---|---|---|---|---|
| 1 | 6 July 10:00-12:00 | Junior Ballroom C | Offshoring, FDI, and Trade | 4 |
| 2 | 6 July 10:00-12:00 | Junior Ballroom B | Labor Search 1 | 4 |
| 3 | 6 July 10:00-12:00 | Port Alberni | Wealth Distribution | 4 |
| 4 | 6 July 10:00-12:00 | Parksville | Financial Integration | 4 |
| 5 | 6 July 10:00-12:00 | Junior Ballroom D | Fertility and Participation during the 20th Century | 4 |
| 6 | 6 July 10:00-12:00 | Junior Ballroom A | Structural Change and the Decline in Manufacturing | 4 |
| 7 | 6 July 10:00-12:00 | Port McNeill | Bank of Canada Session on Money and Efficiency | 4 |
| 8 | 6 July 10:00-12:00 | Port Hardy | Speculation, Crises, and Crashes | 4 |
| 9 | 6 July 10:00-12:00 | Grand Ballroom A | Dynamic Games | 4 |
| 10 | 6 July 10:00-12:00 | Grand Ballroom D | Asset Pricing | 4 |
| 11 | 6 July 10:00-12:00 | Gulf Islands A | IO Methods | 4 |
| 12 | 6 July 13:15-15:15 | Junior Ballroom C | International Economics | 4 |
| 13 | 6 July 13:15-15:15 | Gulf Islands A | Applications in IO | 4 |
| 14 | 6 July 13:15-15:15 | Junior Ballroom A | Technology Diffusion and Innovation | 4 |
| 15 | 6 July 13:15-15:15 | Junior Ballroom B | Markets and Contracts | 4 |
| 16 | 6 July 13:15-15:15 | Port Alberni | Cities | 3 |
| 17 | 6 July 13:15-15:15 | Grand Ballroom D | VARs and Macroeconomics | 4 |
| 18 | 6 July 13:15-15:15 | Parksville | Debt and Bankruptcy | 4 |
| 19 | 6 July 13:15-15:15 | Junior Ballroom D | Return Predictability | 4 |
| 20 | 6 July 13:15-15:15 | Port McNeill | Labor Markets 1 | 4 |
| 21 | 6 July 13:15-15:15 | Port Hardy | Labor and Development | 4 |
| 22 | 6 July 13:15-15:15 | Grand Ballroom A | Macro Implications of Marriage | 4 |
| 23 | 6 July 15:45-17:50 | Port Hardy | Public Policy | 4 |
| 24 | 6 July 15:45-17:45 | Junior Ballroom C | Quantitative Models of Savings with Heterogeneous Agents | 4 |
| 25 | 6 July 15:45-17:45 | Junior Ballroom D | Monetary Theory | 4 |
| 26 | 6 July 15:45-17:45 | Gulf Islands A | Patents, Ideas, and Firms | 4 |
| 27 | 6 July 15:45-17:45 | Grand Ballroom D | Asset Markets and Macroeconomics | 4 |
| 28 | 6 July 15:45-17:45 | Junior Ballroom A | Labor Markets, Gender, and Crime | 4 |
| 29 | 6 July 15:45-17:45 | Parksville | Trade and Growth | 4 |
| 30 | 6 July 15:45-17:45 | Port McNeill | Business Cycles 1 | 4 |
| 31 | 6 July 15:45-17:45 | Junior Ballroom B | Long-Run Perspectives on Growth | 4 |
| 32 | 6 July 15:45-17:45 | Grand Ballroom A | New Public Finance | 4 |
| 33 | 6 July 15:45-17:45 | Port Alberni | Models of On the Job Search | 4 |
| 34 | 7 July 10:00-12:00 | Junior Ballroom C | Two-Sided Matching | 4 |
| 35 | 7 July 10:00-12:00 | Junior Ballroom B | Inequality and Labor Market Risk | 4 |
| 36 | 7 July 10:00-12:00 | Port Hardy | Monetary Policy 1 | 4 |
| 37 | 7 July 10:00-12:00 | Grand Ballroom D | Debt and Taxes | 4 |
| 38 | 7 July 10:00-12:00 | Gulf Islands A | Quantitative Macroeconomics | 4 |
| 39 | 7 July 10:00-12:00 | Junior Ballroom A | Idiosyncratic Risk and Aggregate Outcomes | 4 |
| 40 | 7 July 10:00-12:00 | Parksville | Dynamic Models, Risk, and Financial Markets | 4 |
| 41 | 7 July 10:00-12:00 | Port McNeill | Prices and Exchange Rates | 4 |
| 42 | 7 July 10:00-12:00 | Port Alberni | Firm Dynamics | 4 |
| 43 | 7 July 10:00-12:00 | Junior Ballroom D | The Economics of Mortality Reductions | 4 |
| 44 | 7 July 10:00-12:00 | Grand Ballroom A | Structural Transformation and Outcomes | 4 |
| 45 | 7 July 13:15-15:15 | Junior Ballroom C | Optimal Taxation of Risky Capital and Estates with Private Information | 4 |
| 46 | 7 July 13:15-15:15 | Grand Ballroom D | The Pricing of Aggregate and Idiosyncratic Risk | 3 |
| 47 | 7 July 13:15-15:15 | Junior Ballroom D | Information and Technology Choice | 4 |
| 48 | 7 July 13:15-15:15 | Port Hardy | Work and Leisure in the Long Run | 4 |
| 49 | 7 July 13:15-15:15 | Gulf Islands A | Labor Markets 2 | 4 |
| 50 | 7 July 13:15-15:15 | Junior Ballroom A | Monetary Policy 2 | 4 |
| 51 | 7 July 13:15-15:15 | Port Alberni | Growth and Development 1 | 4 |
| 52 | 7 July 13:15-15:15 | Port McNeill | Bank of Canada Session on Capital and Credit Markets | 4 |
| 53 | 7 July 13:15-15:15 | Junior Ballroom B | Government and Market Failure | 3 |
| 54 | 7 July 13:15-15:15 | Grand Ballroom A | Estimation of Dynamic General Equilibrium Models with Heterogeneity | 3 |
| 55 | 7 July 13:15-15:15 | Parksville | International Capital Flows | 4 |
| 56 | 7 July 15:45-17:45 | Port Hardy | International Business Cycles | 4 |
| 57 | 7 July 15:45-17:45 | Junior Ballroom D | Measurement and Empirical Modeling of Business Cycles | 4 |
| 58 | 7 July 15:45-17:45 | Grand Ballroom A | Hours and Unemployment | 4 |
| 59 | 7 July 15:45-17:45 | Gulf Islands A | Housing | 3 |
| 60 | 7 July 15:45-17:45 | Junior Ballroom C | Pricing | 4 |
| 61 | 7 July 15:45-17:45 | Junior Ballroom A | Sectoral Heterogeneity and Economic Development | 4 |
| 62 | 7 July 15:45-17:45 | Grand Ballroom D | Dynamic Contracting in Continuous Time | 4 |
| 63 | 7 July 15:45-17:45 | Junior Ballroom B | Trade | 4 |
| 64 | 7 July 15:45-17:45 | Port Alberni | Labor Earnings | 4 |
| 65 | 7 July 15:45-17:45 | Parksville | International Financial Integration | 4 |
| 66 | 7 July 15:45-17:45 | Port McNeill | Bank of Canada Session on Money and Credit | 4 |
| 67 | 8 July 10:00-12:00 | Parksville | Risk Sharing and Welfare | 4 |
| 68 | 8 July 10:00-12:00 | Port Hardy | Aggregate Implications of Labor Market Frictions | 4 |
| 69 | 8 July 10:00-12:00 | Junior Ballroom C | Entrepreneurs | 3 |
| 70 | 8 July 10:00-12:00 | Junior Ballroom D | Applications of Dynamic Models in IO | 4 |
| 71 | 8 July 10:00-12:00 | Grand Ballroom A | Families and the Macroeconomy | 4 |
| 72 | 8 July 10:00-12:00 | Gulf Islands A | Growth and Development 2 | 4 |
| 73 | 8 July 10:00-12:00 | Port Alberni | Trade, Volatility and Productivity | 4 |
| 74 | 8 July 10:00-12:00 | Junior Ballroom A | Monetary Search Models | 4 |
| 75 | 8 July 10:00-12:00 | Grand Ballroom D | Perspectives on International Financial Crises | 4 |
| 76 | 8 July 10:00-12:00 | Junior Ballroom B | Job Creation and Job Destruction | 4 |
| 77 | 8 July 10:00-12:00 | Port McNeill | Economic Theory | 4 |
| 78 | 8 July 13:15-15:15 | Port Hardy | Learning and Information | 4 |
| 79 | 8 July 13:15-15:15 | Port McNeill | Bank of Canada Session on Banking and Credit | 4 |
| 80 | 8 July 13:15-15:15 | Gulf Islands A | Investors and Traders | 4 |
| 81 | 8 July 13:15-15:15 | Junior Ballroom A | Financial Markets, Monetary Policy, and Exchange Rates | 4 |
| 82 | 8 July 13:15-15:15 | Grand Ballroom D | Labor Search 2 | 4 |
| 83 | 8 July 13:15-15:15 | Junior Ballroom C | Sovereign Debt and Debt Structure | 4 |
| 84 | 8 July 13:15-15:15 | Grand Ballroom A | Savings, Investment, and Business Cycles | 4 |
| 85 | 8 July 13:15-15:15 | Parksville | Cross-Country Income Differences | 4 |
| 86 | 8 July 13:15-15:15 | Junior Ballroom D | Information Frictions and Macroeconomic Fluctuations | 4 |
| 87 | 8 July 13:15-15:15 | Junior Ballroom B | International Capital Flows and the Current Account | 4 |
| 88 | 8 July 13:15-15:15 | Port Alberni | Health and Population | 4 |
| 89 | 8 July 15:45-17:45 | Junior Ballroom C | Innovation and Technological Change | 4 |
| 90 | 8 July 15:45-17:45 | Junior Ballroom D | Productivity, R&D, and Growth | 4 |
| 91 | 8 July 15:45-17:45 | Port Hardy | Trade Policy | 4 |
| 92 | 8 July 15:45-17:45 | Parksville | Economic Growth and Economic Policy | 4 |
| 93 | 8 July 15:45-17:45 | Grand Ballroom A | Search and Growth | 4 |
| 94 | 8 July 15:45-17:45 | Port McNeill | Optimal Taxation | 4 |
| 95 | 8 July 15:45-17:45 | Gulf Islands A | Business Cycles 2 | 4 |
| 96 | 8 July 15:45-17:45 | Junior Ballroom A | Money and Inflation | 4 |
| 97 | 8 July 15:45-17:45 | Port Alberni | Sovereign Debt | 4 |
| 98 | 8 July 15:45-17:45 | Junior Ballroom B | Housing and the Macroeconomy | 4 |
| 99 | 8 July 15:45-17:45 | Grand Ballroom D | Finance in Production Economies | 4 |
99 sessions, 390 papers |
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2006 Meetings of the Society for Economic Dynamics |
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Complete List of All Sessions |
Session 1: Offshoring, FDI, and Trade |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom C |
| Organizing Offshoring:Middle Managers and Communication Costs |
| By Pol Antràs, Harvard University Luis Garicano, University of Chicago Esteban Rossi-Hansberg, Princeton University |
| Presented by: Esteban Rossi-Hansberg, Princeton University |
| FDI Flows and Multinational Firm Activity |
| By Pol Antràs, Harvard University Mihir A. Desai, Harvard University C. Fritz Foley, Harvard University |
| Presented by: Pol Antras, Harvard University |
| Size, Geography, and Multinational Production |
| By Natalia Ramondo The University of Chicago |
| Presented by: natalia ramondo, University of Chicago |
| How Important is the New Goods Margin in International Trade? |
| By Timothy J. Kehoe, University of Minnesota and Federal Reserve Bank of Minneapolis Kim J. Ruhl, University of Texas at Austin |
| Presented by: Timothy Kehoe, |
Session 2: Labor Search 1 |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom B |
| Job Search, Bargaining, and Wage Dynamics |
| By Shintaro Yamaguchi |
| Presented by: Shintaro Yamaguchi, University of Wisconsin-Madison |
| The dynamics of labor markets in Europe and the US: Specific skills or employment protection? |
| By Alain Delacroix (UQAM, CIRPÉE) Etienne Wasmer (UQAM, CIRPÉE) |
| Presented by: Etienne Wasmer, private |
| Hiring Freeze and Bankruptcy in Unemployment Dynamics |
| By Pietro Garibaldi, University of Turin |
| Presented by: Pietro Garibaldi, |
| Labor Market Dynamics under Long Term Wage Contracting |
| By Leena Rudanko, University of Chicago |
| Presented by: Leena Rudanko, University of Chicago |
Session 3: Wealth Distribution |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port Alberni |
| How Important Is Discount Rate Heterogeneity for Wealth Inequality? |
| By Lutz Hendricks, Iowa State University and University of Sydney |
| Presented by: Lutz Hendricks, |
| Altruism, Education and U.S. Wealth Inequality |
| By Christoph Winter, European University Institute, Economics Departement |
| Presented by: Christoph Winter, European University Institute |
| Accounting for the Heterogeneity in Retirement Wealth |
| By Fang Yang University of Minnesota |
| Presented by: Fang Yang, University of Minnesota |
| The distribution of wealth and redistributive policies |
| By Jess Benhabib (NYU-Economics) Alberto Bisin (NYU-Economics) |
| Presented by: Alberto Bisin, New York University |
Session 4: Financial Integration |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Parksville |
| Financial Integration, Credit Market Imperfections and Consumption Smoothing |
| By Asli Leblebicioglu, North Carolina State University |
| Presented by: Asli Leblebicioglu, North Carolina State University |
| Why doesn't Luxembourg export all its capital to India |
| By Bart Taub UIUC Rui Zhao UIUC |
| Presented by: Rui Zhao, |
| Sovereign Risk: Constitutions Rule |
| By Emanuel Kohlscheen |
| Presented by: Emanuel Kohlscheen, |
| Global Current Account Adjustments: A Decomposition |
| By Michael B. Devereux (University of British Columbia) Amartya Lahiri (University of British Colubmia) |
| Presented by: Michael Devereux, University of British Columbia |
Session 5: Fertility and Participation during the 20th Century |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom D |
| Women's Economic Progress and Inequality |
| By L Yuetyee Wong |
| Presented by: Linda Yueyee Wong, private |
| From Busts to Booms in Babies and Godies |
| By Michele Boldrin Larry E. Jones Alice Schoonbroodt |
| Presented by: Alice Schoonbroodt, University of Minnesota |
| The Baby Boom and World War II: The Role of Labor Market Experience |
| By Matthias Doepke, UCLA Moshe Hazan, Hebrew University Yishay Maoz, University of Haifa |
| Presented by: Matthias Doepke, University of California Los Angeles |
| Home production and discrimination: a joint explanation for recent trends of gender differentials in education and in the labor market |
| By Andrea Moro, NY Fed Luca Flabbi, Georgetown University |
| Presented by: Luca Flabbi, Georgetown University |
Session 6: Structural Change and the Decline in Manufacturing |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom A |
| Accounting for Wage and Employment Changes in the U.S. from 1968-2000: A Dynamic Model of Labor Market Equilibrium |
| By Donghoon Lee, New York University Kenneth I. Wolpin, University of Pennsylvania |
| Presented by: Donghoon Lee, NYU |
| Capital Deepening and Non-Balanced Economic Growth |
| By Daron Acemoglu, MIT Veronica Guerrieri, MIT |
| Presented by: Veronica Guerrieri, public |
| Structural Change and the Kaldor Facts of Economic Growth |
| By Reto Foellmi, University of Zurich Josef Zweimüller, University of Zurich and CEPR |
| Presented by: Reto Foellmi, University of Zurich |
| The Rise of the Service Economy |
| By Francisco J. Buera Northwestern University Joseph P. Kaboski Ohio State University |
| Presented by: Joseph Kaboski, |
Session 7: Bank of Canada Session on Money and Efficiency |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port McNeill |
| Aggregate Uncertainty, Money and Banking |
| By Hongfei Sun |
| Presented by: Hongfei Sun, University of Toronto |
| Directed Multilateral Matching in a Monetary Economy |
| By Manolis Galenianos, University of Pennsylvania Philipp Kircher, University of Bonn |
| Presented by: Manolis Galenianos, University of Pennsylvania |
| Money and the Variety of Goods |
| By Ken Burdett, Department of Economics, University of Pennsylvania Andrei Shevchenko, Department of Economics, Michigan State University |
| Presented by: Andrei Shevchenko, |
| Welfare improvement from restricting the liquidity of nominal bonds |
| By Shouyong Shi University of Toronto |
| Presented by: Shouyong Shi, public |
Session 8: Speculation, Crises, and Crashes |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port Hardy |
| Bubbles and Self-fulfilling Crises |
| By Edouard Challe, CNRS-CEREG Xavier Ragot, CNRS-PSE |
| Presented by: Edouard Challe, public |
| Expectations and Contagion in Self-fulfilling Currency Attacks |
| By Todd Keister, Federal Reserve Bank of New York |
| Presented by: Todd Keister, Federal Reserve Bank of New York |
| Slow(er) boom, sudden crash: Asymmetry on lending rates and financial frictions |
| By Guillermo Ordonez, UCLA |
| Presented by: Guillermo Ordonez, UCLA |
| The Returns to Currency Speculation |
| By Craig Burnside (Duke) Martin Eichenbaum (Northwestern) Isaac Kleshchelski (Northwestern) Sergio Rebelo (Northwestern) |
| Presented by: A. Craig Burnside, Duke University |
Session 9: Dynamic Games |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Grand Ballroom A |
| Sequential Equilibria with Infinite Histories |
| By Christopher Phelan, Federal Reserve Bank of Minneapolis Andrzej Skrzypacz, Graduate School of Business, Stanford University |
| Presented by: Christopher Phelan, |
| Continuous Time Models of Repeated Games with Imperfect Public Monitoring |
| By Drew Fudenberg, Harvard University David K. Levine, UCLA |
| Presented by: David Levine, |
| The role of information in repeated games with frequent actions |
| By Yuliy Sannikov, UC Berkely Andrzej Skrzypacz, Stanford GSB |
| Presented by: Andrzej Skrzypacz, Stanford University |
| Learning in Society |
| By Braz Camargo University of Western Ontario |
| Presented by: Braz Camargo, University of Western Ontario |
Session 10: Asset Pricing |
|---|
| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Grand Ballroom D |
| Investor Information, Long-Run Risk, and the Duration fo Risky Assets |
| By Croce, Mariano M., Econ. Dep. NYU Lettau, Martin, Finance Dep. STERN-NYU Ludvigson Sydney C., Econ. Dep. NYU |
| Presented by: Sydney Ludvigson, public |
| Pricing Rare Event Risk in Emerging Markets |
| By Stephan Dieckmann, Arizona State University Michael Gallmeyer, Texas A&M University |
| Presented by: Stephan Dieckmann, Arizona State University |
| General option exercise rules, with applications to embedded options and monopolistic expansion |
| By Svetlana Boyarchenko, University of Texas, Austin Sergei Levendorskii, University of Texas, Austin |
| Presented by: Sergei Levendorskii, |
| Expectations and Asset Prices with Heterogeneous Households |
| By Monika Piazzesi University of Chicago Martin Schneider NYU and FRB Minneapolis |
| Presented by: Martin Schneider, New York University |
Session 11: IO Methods |
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| Date: July 6, 2006 |
| Time: 10:00 - 12:00 |
| Location: Gulf Islands A |
| A Semi-Nonparametric Approach to Estimating ProductionFunctions When Output Prices 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 |
| 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 |
| Consumer heterogeneity, demand for durable goods and the dynamics of quality |
| By Juan Esteban Carranza University of Wisconsin-Madison |
| Presented by: Juan Esteban Carranza, University of Wisconsin-Madison |
| Control Function Corrections for Unobserved Factors in Differentiated Product Models |
| By Amil Petrin University of Chicago GSB and NBER Kenneth Train University of CA, Berkeley |
| Presented by: Amil Petrin, University of Chicago |
Session 12: International Economics |
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| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom C |
| Firm Heterogeneity, Export Participation, and Trade Reform |
| By George Alessandria, Federal Reserve Bank of Philadelphia Horag Choi, University of Auckland |
| Presented by: George Alessandria, Federal Reserve Bank of Philadelphia |
| Capital markets liberalization and global imbalances |
| By Vincenzo Quadrini University of Southern California |
| Presented by: Vincenzo Quadrini, |
| Persistent Real Exchange Rates |
| By Alok Johri, McMaster University Amartya Lahiri, UBC |
| Presented by: Alok Johri, McMaster University |
| Nontraded Goods, Market Segmentation, and Exchange Rates |
| By Michael Dotsey, Federal Reserve Bank of Philadelphia Margarida Duarte, Federal Reserve Bank of Richmond |
| Presented by: Margarida Duarte, Federal Reserve Bank of Richmond |
Session 13: Applications in IO |
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| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Gulf Islands A |
| Nearly Optimal Pricing for Multiproduct Firms |
| By Chenghuan Sean Chu (Stanford) Phillip Leslie (Stanford) Alan Sorensen (Stanford) |
| Presented by: Alan Sorensen, Stanford University |
| Price Discrimination with Experience Goods: a Structural Econometric Analysis |
| By Ronald Goettler, Carnegie Mellon University Karen Clay, Carnegie Mellon University |
| Presented by: Ronald Goettler, Carnegie Mellon University |
| Does Regulation Reduce Productivity? Evidence From Regulation of the U.S. Beet-Sugar Manufacturing Industry During the Sugar Acts, 1934-74 |
| By Benjamin Bridgman (Bureau of Economic Analysis) Shi Qi (University of Minnesota) James Schmitz (Federal Reserve Bank of Minneapolis) |
| Presented by: James Schmitz, |
| The Timing of New Technology Adoption: The Case of MRI |
| By Philipp Schmidt-Dengler |
| Presented by: Philipp Schmidt-Dengler, public |
Session 14: Technology Diffusion and Innovation |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom A |
| Backstop Technology Adoption |
| By Matti Liski, Helsinki School of Economics Pauli Murto, Helsinki School of Economics |
| Presented by: Pauli Murto, Helsinki School of Economics |
| Entrepreneurial Risk, Investment and Innovation |
| By Andrea Caggese Universitat Pompeu Fabra |
| Presented by: Andrea Caggese, Pompeu Fabra University |
| On Multinational Firms, Diffusion of Skills and Development |
| By Alexander Monge-Naranjo |
| Presented by: Alexander Monge-Naranjo, Northwestern University |
| A Theory of Entry and Exit with Embodied Rate of Technical Change |
| By Roberto M Samaniego George Washington University |
| Presented by: Roberto Samaniego, George Washington University |
Session 15: Markets and Contracts |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom B |
| Moral Hazard and Persistence |
| By Hugo Hopenhayn, UCLA Arantxa Jarque, U. of Alicante |
| Presented by: Arantxa Jarque, Universidad de Alicante |
| Responsive Pricing |
| By Mario Pagliero |
| Presented by: Pascal Courty, |
| The Sunk Cost Bias and Managerial Pricing Practices |
| By Nabil Al-Najjar, Sandeep Baliga and David Besanko Northwestern University |
| Presented by: Sandeep Baliga, |
| Dynamic Suboptimality of Competitive Equilibrium in Multiperiod Stochastic Overlapping Generations Economies |
| By Espen Henriksen and Stephen Spear |
| Presented by: Espen Henriksen, GSIA, CMU |
Session 16: Cities |
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| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port Alberni |
| Intercity interactions: evidence from the US |
| By Andrea R. Lamorgese, Research Department, Banca d'Italia Gianmarco I.P. Ottaviano, U. Bologna, CEPR, FEEM |
| Presented by: Andrea Lamorgese, public |
| 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, |
| The Dynamics of City Formation: Finance and Governance |
| By J.V. Henderson, Brown University A.J. Venables, LSE |
| Presented by: vernon henderson, economics |
Session 17: VARs and Macroeconomics |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Grand Ballroom D |
| Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model |
| By Kai Christoffel European Central Bank Keith Kuester Goethe University Frankfurt Tobias Linzert European Central Bank |
| Presented by: Kai Christoffel, European Central Bank |
| Productivity Shocks and the Business Cycle: Reconciling Recent VAR Evidence |
| By James Costain, Bank of Spain Beatriz de-Blas-Perez, Universidad de Navarra |
| Presented by: James Costain, Universidad Carlos III de Madrid |
| Model selection in unstable environments |
| By Raffaella Giacomini UCLA Barbara Rossi Duke University |
| Presented by: Barbara Rossi, Duke University |
| Measurement with Minimal Theory |
| By Ellen McGrattan, Federal Reserve Bank of Minneapolis |
| Presented by: Ellen McGrattan, Federal Reserve Bank of Mpls |
Session 18: Debt and Bankruptcy |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Parksville |
| The Dynamics of Chapter 13 Bankruptcy |
| By Hulya Eraslan, Wharton School, University of Pennsylvania Wenli Li, Federal Reserve Bank of Philadelphia Pierre-Daniel Sarte, Federal Reserve Bank of Richmond |
| Presented by: Wenli Li, Federal Reserve Bank of Philadelphia |
| Central Counterparties |
| By Thorsten Koeppl Department of Economics, Queen's University, Kingston (Ontario) Cyril Monnet DG Research, European Central Bank |
| Presented by: Thorsten Koeppl, Queen's University |
| Debt Management Under Complete Markets |
| By Elisa Faraglia (London Business School) Albert Marcet (Institut d'Analisi Economica and Universitat Pompeu Fabra) Andrew Scott (London Business School and CEPR) |
| Presented by: Elisa Faraglia, London Business School |
| Interest Rate Swap and Corporate Default |
| By Urban Jermann, Wharton School at University of Pennsylvania Vivian Z. Yue, New York University |
| Presented by: Vivian Zhanwei Yue, New York University |
Session 19: Return Predictability |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom D |
| Predictable returns and asset allocation: Should a skeptical investor time the market? |
| By Jessica A. Wachter and Missaka Warusawitharana |
| Presented by: Jessica Wachter, |
| What Does the Durables Price - Over - the Rental Cost Valuation Ratio Tell Us About Asset Prices? |
| By Michal Pakos, Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh PA 15213 |
| Presented by: Michal Pakos, Tepper School of Business CMU |
| The Empirical Risk-Return Relation: a factor analysis approach |
| By Sydney Ludvigson (NYU) Serena Ng (Univ. of Michigan) |
| Presented by: Serena Ng, |
| Reconciling the Return Predictability Evidence |
| By Martin Lettau and Stijn Van Nieuwerburgh |
| Presented by: Stijn Van Nieuwerburgh, New York University |
Session 20: Labor Markets 1 |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port McNeill |
| Understanding Gross Workers Flows Across U.S. States |
| By Daniele Coen-Pirani (Carnegie Mellon University) |
| Presented by: Daniele Coen-Pirani, Carnegie Mellon University |
| Career Choice and Wage Growth |
| By Ronni Pavan, University of Rochester |
| Presented by: Ronni Pavan, University of Rochester |
| Social Preferences and Labor Market Policy |
| By Trine Filges (SFI) Birthe Larsen (Copenhagen Business School) John Kennes (University of Copenhagen) Torben Tranæs (Rockwool Foundation) |
| Presented by: John Kennes, University of Copenhagen |
| Household wealth and entrepreneurship: is there a link? |
| By Silvia Magri - Bank of Italy |
| Presented by: Silvia Magri, Bank of Italy |
Session 21: Labor and Development |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port Hardy |
| A generalized options approach to aggregate migration with an application to US federal states |
| By Christian Bayer, University of Dortmund Falko Juessen, University of Dortmund |
| Presented by: Christian Bayer, University of Dortmund |
| Learning about Oneself: Technology Financing in a Tamil Fishing |
| By Xavier Gine, The World Bank Stefan Klonner, Cornell University |
| Presented by: Xavier Gine, The World Bank |
| Modeling the Effects of Labor Market Reforms in a Developing Economy |
| By James Albrecht, Georgetown University Lucas Navarro, Queen Mary,University of London Susan Vroman, Georgetown University |
| Presented by: Susan Vroman, |
| Life-Cyle Fertility Behavior and Human Capital Accumulation |
| By George-Levi Gayle and Robert Miller, Tepper School of Business, Carnegie Mellon University |
| Presented by: George-Levi Gayle, public |
Session 22: Macro Implications of Marriage |
|---|
| Date: July 6, 2006 |
| Time: 13:15 - 15:15 |
| Location: Grand Ballroom A |
| City size and the quality of marriages: Evidence from 3 societies |
| By Maristella Botticini, Boston University Aloysius Siow, University of Toronto |
| Presented by: Aloysius Siow, |
| Women: From Wife to Citizen |
| By Matthias Doepke, UCLA Michele Tertilt, Stanford University |
| Presented by: Michele Tertilt, Stanford University |
| Social Change |
| By Jeremy Greenwood, University of Rochester Nezih Guner, Pennsylvania State University |
| Presented by: Jeremy Greenwood, University of Rochester -- until Summer 2006 |
| Gender roles and technological progress |
| By Stefania Albanesi, Columbia University Claudia Olivetti, Boston University |
| Presented by: Claudia Olivetti, |
Session 23: Public Policy |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:50 |
| Location: Port Hardy |
| Selective Reductions in Labour Taxation: Labour Market Adjustments and Macroeconomic Performance |
| By Anna BATYRA* and Henri R. Sneessens** *Tel Aviv University and Catholic University of Louvain **Catholic University of Louvain and Catholic University of Lille |
| Presented by: Anna Batyra, IRES/ECON/Catholic University of Louvain |
| Transfers versus Public Investment: The Politics of Intergenerational Redistribution and Growth |
| By Martin Gonzalez-Eiras, Universidad de San Andres Dirk Niepelt, IIES Stockholm University and Study Center Gerzensee |
| Presented by: Martin Gonzalez-Eiras, |
| Health Insurance and Tax Policy |
| By Karsten Jeske, Sagiri Kitao |
| Presented by: Sagiri Kitao, New York University |
| Borrowing Constraints, Parental Altruism and Human Capital Accumulation |
| By Jorge Soares, Department of Economics, University of Delaware |
| Presented by: Jorge Soares, University of Delaware |
Session 24: Quantitative Models of Savings with Heterogeneous Agents |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom C |
| quantifying the inefficiency of the US social insurance system |
| By mark huggett jaun carlos parra |
| Presented by: Mark Huggett, Georgetown University |
| On the Consequences of Demographic Change for International Capital Flows, Rates of Returns to Capital, and the Distribution of Wealth and Welfare |
| By Dirk Krueger Goethe University Frankfurt, CEPR, CFS, MEA and NBER Alexander Ludwig Universität Manneim and MEA |
| Presented by: Alexander Ludwig, Mannheim Research Institute for the Econ |
| On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality |
| By Jeremy Lise, Queen's University |
| Presented by: Jeremy Lise, Queen's University |
| Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles |
| By Mariacristina De Nardi, Eric French, and John Bailey Jones |
| Presented by: Mariacristina De Nardi, Federal Reserve bank of Chicago |
Session 25: Monetary Theory |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom D |
| Efficient Propagation of Shocks and the Optimal Return of Money |
| By Ricardo Cavalcanti, EPGE and University of Toronto Andres Erosa, University of Toronto |
| Presented by: Ricardo Cavalcanti, private |
| Endogenously Segmented Market in a Search-Theoretic Model of Monetary Exchange |
| By Jonathan Chiu (Bank of Canada) Miguel Molico (University of Western Ontario) |
| Presented by: Jonathan Chiu, Bank of Canada |
| A model of banknote discounts |
| By Laurence Ales, Francesca Carapella, Pricila Maziero, Warren Weber |
| Presented by: Laurence Ales, University of Minnesota |
| Motelling: A Hotelling Model with Money |
| By Dean Corbae, University of Texas at Austin Borghan N. Narajabad, University of Texas at Austin |
| Presented by: Dean Corbae, |
Session 26: Patents, Ideas, and Firms |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Gulf Islands A |
| What are the Gains from Trade in the Market for Patents? |
| By Carlos J. Serrano Dept. of Economics, University of Toronto |
| Presented by: Carlos Serrano, University of Toronto |
| Pricing Patents through Citations |
| By Fernando Leiva B., University of Iowa |
| Presented by: Fernando Leiva Bertran, University of Iowa |
| Are Patents Discouraging Innovation? |
| By Soma Dey, National University of Singapore |
| Presented by: Soma Dey, National University of Singapore |
| Liquidity and the Market for Ideas |
| By Rafael Silveira, University of Pennsylvania Randall Wright, University of Pennsylvania |
| Presented by: Rafael Silveira, University of Pennsylvania |
Session 27: Asset Markets and Macroeconomics |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Grand Ballroom D |
| Finite-Life, Private-Information Theory of Unsecured Debt |
| By Satyajit Chatterjee, FRB Philadelphia Dean Corbae, University of Texas - Austin Victor Rios-Rull, University of Pennsylvania |
| Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia |
| Intertemporal disturbances |
| By Giorgio Primiceri, Northwestern University Ernst Schaumburg, Northwestern University Andrea Tambalotti, New York Fed |
| Presented by: Giorgio Primiceri, Northwestern University |
| Equilibrium Portfolios in the Neoclassical Growth Model |
| By Emilio Espino University of San Andres, Argentina |
| Presented by: Emilio Espino, Universidad Torcuato Di Tella |
| Search in Asset Markets |
| By Ricardo Lagos Minneapolis Fed and NYU Guillaume Rocheteau Cleveland Fed and University of Pennsylvania |
| Presented by: Ricardo Lagos, New York University |
Session 28: Labor Markets, Gender, and Crime |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom A |
| Investment in Schooling and the Marriage Market |
| By Pierre-Andre Chiappori, Murat Iyigun and Yoram Weiss |
| Presented by: Murat Iyigun, University of Colorado |
| divorce and the cognitive achievement of children |
| By melissa tartari |
| Presented by: melissa tartari, private |
| Education and Crime over the Life Cycle |
| By Giulio Fella Queen Mary, University of London Giovanni Gallipoli University College London |
| Presented by: Giulio Fella, Queen Mary, University of London |
| Crime and the Labor Market |
| By Bryan Englehardt, Guillaume Rocheteau, Peter Rupert |
| Presented by: Peter Rupert, public |
Session 29: Trade and Growth |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Parksville |
| Optimal Tariffs: The Evidence |
| By Christian Broda (U Chicago) N. Limao (Maryland) D. Weinstein (Columbia) |
| Presented by: David Weinstein, |
| Democracy and Growth Volatility: Exploring the Links |
| By Partha Chatterjee, National University of Singapore Malik Shukayev, Bank of Canada |
| Presented by: Partha Chatterjee, National University of Singapore |
| Trade Integration, Competiton, and the Decline in Exchange-rate Pass-through |
| By Chris Gust, Federal Reserve Board Sylvain Leduc, Federal Reserve Board Robert Vigfusson, Federal Reserve Board |
| Presented by: Robert Vigfusson, Federal Reserve Board |
| Imports and Productivity |
| By Laszlo Halpern, Institute of Economics Miklos Koren, Federal Reserve Bank of New York Adam Szeidl, UC Berkeley |
| Presented by: László Halpern, Institute of Economics of Hungarian Academy of Sciences |
Session 30: Business Cycles 1 |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port McNeill |
| Gold rush fever in business cycles |
| By Paul Beaudry, Fabrice Collard, Franck Portier |
| Presented by: Fabrice Collard, CNRS Universite de Toulouse |
| Asset pricing implications for business cycle analysis |
| By David Backus, Bryan Routledge, and Stanley Zin |
| Presented by: David Backus, |
| Liquidity Cycles |
| By Matteo Iacoviello, Boston College Raoul Minetti, Michigan State University |
| Presented by: Raoul Minetti, Michigan State University |
| Business Cycles under Generalized Disappointment Aversion |
| By Claudio Campanale, Rui Castro and Gian Luca Clementi |
| Presented by: Claudio Campanale, University of Alicante |
Session 31: Long-Run Perspectives on Growth |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom B |
| War, resource competition and development |
| By Nils-Petter Lagerlöf York University |
| Presented by: Nils-Petter Lagerlof, York University |
| The Colonial Origins of the Industrial Revolution |
| By Juan Carlos Cordoba |
| Presented by: Juan Cordoba, Rice University |
| Demographic Transition and Industrial Revolution: A Coincidence? |
| By Oksana Leukhina, UNC - Chapel Hill Michael Bar, San Francisco State U |
| Presented by: Oksana Leukhina, UNC - Chapel Hill |
| How Important was the 19th Century Transportation Revolution for U.S. Development?" |
| By Berthold Herrendorf (Arizona State University) James A. Schmitz Jr. (Federal Reserve Bank of Minneapolis) Arilton Teixeira (Capixaba Research Foundation) |
| Presented by: Berthold Herrendorf, Arizona State University |
Session 32: New Public Finance |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Grand Ballroom A |
| Markets Versus Governments: Political Economy of Mechanisms |
| By Daron Acemoglu, MIT Michael Golosov, MIT Oleg Tsyvinski, Harvard |
| Presented by: Mike Golosov, MIT |
| Poltically credible taxation |
| By Christopher Sleet, Carnegie Mellon University Sevin Yeltekin, Carnegie Mellon University |
| Presented by: Christopher Sleet, Carnegie Mellon University |
| Dynamic Optimal Taxation: A Robust Analysis |
| By Narayana Kocherlakota (University of Minnesota) Christopher Phelan (FRB-Minneapolis) |
| Presented by: Narayana Kocherlakota, University of Minnesota |
| Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency |
| By David M. Arseneau, Federal Reserve Board Sanjay K. Chugh, Federal Reserve Board |
| Presented by: Sanjay Chugh, Federal Reserve Board |
Session 33: Models of On the Job Search |
|---|
| Date: July 6, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port Alberni |
| Frictional Wage Inequality: A Puzzle? |
| By Andreas Hornstein, per Krusell, Gianluca Violante |
| Presented by: Giovanni Luca Violante, New York University |
| On-the-job Search, Productivity Shocks, and the Individual Earnings Process |
| By Fabien Postel-Vinay and Helene Turon |
| Presented by: Fabien Postel-Vinay, |
| Identification of Search Models with Initial Condition Problems |
| By Gadi Barlevy and H. N. Nagaraja |
| Presented by: Gadi Barlevy, Federal Reserve Bank of Chicago |
| On the extent of job-to-job transitions |
| By Éva Nagypál |
| Presented by: Eva Nagypal, Northwestern University |
Session 34: Two-Sided Matching |
|---|
| Session Chair: jan eeckhout, University of Pennsylvania |
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom C |
| The College Admissions Problem Under Uncertainty |
| By Hector Chade Arizona State University Greg Lewis and Lones Smith University of Michigan |
| Presented by: hector chade, |
| The Eeckhout Condition and the Subgame Perfect Implementation of Stable Matching |
| By Sang-Chul Suh, Department of Economics, University of Windsor Quan Wen, Department of Economics, Vanderbilt University |
| Presented by: Quan Wen, Vanderbilt University |
| Counterfeit $$$ |
| By Elena Quercioli (Bocconi) Lones Smith (Michigan) |
| Presented by: Lones Smith, University of Michigan |
| Local Supermodularity and Unique Assortative Matching |
| By Jan Eeckhout, University of Pennsylvania |
| Presented by: jan eeckhout, University of Pennsylvania |
Session 35: Inequality and Labor Market Risk |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom B |
| What Do Labor and Consumption Data Jointly Tell About Labor Income Risk? |
| By Anthony A Smith, Yale Fatih Guvenen, University of Texas at Austin |
| Presented by: Fatih Guvenen, University of Texas at Austin |
| Household Debt and Income Inequality, 1963-2003 |
| By Matteo Iacoviello, Boston College |
| Presented by: Matteo Iacoviello, Boston College |
| Cross-National Trends in Earnings Instability and Earnings Inequality |
| By Mary C. Daly, Federal Reserve Bank of San Francisco Robert G. Valletta, Federal Reserve Bank of San Francisco |
| Presented by: Mary Daly, |
| Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change |
| By Fatih Guvenen (University of Texas at Austin) Burhanettin Kuruscu (University of Texas at Austin) |
| Presented by: Burhanettin Kuruscu, University of Texas at Austin |
Session 36: Monetary Policy 1 |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port Hardy |
| The Bank Capital Channel of Monetary Policy |
| By Skander Van den Heuvel University of Pennsylvania, Wharton |
| Presented by: Skander Van den Heuvel, University of Pennsylvania |
| The Dynamic (In)efficiency of Monetary Policy by Committee |
| By Alessandro Riboni (Univ. of Montreal) Francisco Ruge-Murcia (Univ. of Montreal) |
| Presented by: Francisco Ruge-Murcia, University of Montreal |
| Assessing Changes in U.S. Monetary Policy in a Regime-Switching Rational Expectations Model |
| By Roger E. A. Farmer, UCLA Tao Zha, Federal Reserve Bank of Atlanta Dan Waggoner, Federal Reserve Bank of Atlanta |
| Presented by: Roger Farmer, |
| Uncovering the Goodhart's Law: Theory and Evidence |
| By Yosuke Takeda, Sophia University Atsuko Ueda, Waseda University |
| Presented by: Yosuke Takeda, public |
Session 37: Debt and Taxes |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Grand Ballroom D |
| Time-Consistent Debt |
| By Per Krusell, Princeton University Fernando M. Martin, Simon Fraser University José-Víctor Ríos-Rull, University of Pennsylvania |
| Presented by: Fernando Martin, Simon Fraser University |
| Optimal Debt Maturity Management |
| By Hanno Lustig (UCLA) Christopher Sleet (Carnegie Mellon University) Sevin Yeltekin (Carnegie Mellon University and Northwestern University) |
| Presented by: Sevin Yeltekin, Carnegie Mellon University and Northwestern University |
| Optimal Pre-Announced Tax Reforms Under Valuable And Productive Government Spending |
| By Mathias Trabandt Humboldt University Berlin |
| Presented by: Mathias Trabandt, Humboldt University Berlin |
| Redistribution, Taxes, and the Median Voter |
| By Marco Bassetto, Federal Reserve Bank of Chicago Jess Benhabib, New York University |
| Presented by: Marco Bassetto, Federal Reserve Bank of Chicago |
Session 38: Quantitative Macroeconomics |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Gulf Islands A |
| The Marginal Worker and the Aggregate Elasticity of Labor Supply |
| By Francois Gourio, Boston University Pierre-Alexandre Noual, University of Chicago |
| Presented by: Pierre-Alexandre Noual, University of Chicago |
| The role of debt and equity finance over the business cycle |
| By Francisco Covas, Bank of Canada Wouter Denhaan, London Business School |
| Presented by: Wouter Den Haan, London School of Economics |
| Secular Movements in U.S. Saving and Consumption |
| By Kaiji Chen,Department of Economics, University of Oslo Ayse Imrohoroglu,Marshall School of Business, University of Southern California Selahattin Imrohoroglu, Marshall School of Business, University of Southern California |
| Presented by: Kaiji Chen, University of Oslo |
| Relative Stagnation alla Turca |
| By Tasso Adamopoulos, York University Ahmet Akyol, York University |
| Presented by: Ahmet Akyol, York University |
Session 39: Idiosyncratic Risk and Aggregate Outcomes |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom A |
| Polarization under incomplete markets and endogenous labor productivity |
| By Albert Marcet, IAE, CREI, and CEPR Francesc Obiols-Homs, UAB |
| Presented by: Francesc Obiols-Homs, public |
| Allocation of Individual Risks in a Market Economy |
| By Pamela Labadie George Washington University |
| Presented by: Pamela Labadie, George Washington University |
| Production, Collateral and the Risk-Free Rate |
| By Geoffrey Dunbar |
| Presented by: Geoffrey Dunbar, Simon Fraser University |
| Politico economic consequences of rising income inequality |
| By Dean Corbae (University of Texas at Austin) Pablo D'Erasmo(University of Texas at Austin) Burhanettin Kuruscu (University of Texas at Austin) |
| Presented by: Pablo D'Erasmo, University of Texas at Austin |
Session 40: Dynamic Models, Risk, and Financial Markets |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Parksville |
| Non-ergodic Behavior in a Financial Market with Interacting Investors |
| By Ulrich Horst, University of British Columbia Jan Wezelburger, Bielefeld University |
| Presented by: Ulrich Horst, |
| Collateralized Borrowing And Life-Cycle Portfolio Choice |
| By Paul Willen, Federal Reserve Bank of Boston Felix Kubler, University of Mannheim |
| Presented by: Paul Willen, |
| Herd Behavior and Fat Tails in Financial Markets |
| By Makoto Nirei, Utah State University |
| Presented by: Makoto Nirei, Utah State University |
| Growth-Indexed Bonds in Emerging Markets: a Quantitative Approach |
| By Andre Faria - IMF, Research Department |
| Presented by: Andre Faria, IMF |
Session 41: Prices and Exchange Rates |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port McNeill |
| Price Setting during Low and High Inflation: Evidence from Mexico |
| By Northwestern University |
| Presented by: Etienne Gagnon, Northwestern University |
| Prices and market shares in state-dependent pricing models |
| By Ariel Burstein (UCLA) Christian Hellwig (UCLA) |
| Presented by: Ariel Burstein, UCLA |
| A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application |
| By Pinelopi Koujianou Goldberg, Department of Economics, Yale University and NBER Rebecca Hellerstein, Research Department, Federal Reserve Bank of New York |
| Presented by: Rebecca Hellerstein, Federal Reserve Bank of New York |
| Industry Restructuring, Mark-ups, and Exchange Rate Pass-Through |
| By Beverly Lapham, Queen's University Danny Leung, Bank of Canada |
| Presented by: Beverly Lapham, |
Session 42: Firm Dynamics |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port Alberni |
| Industry Dynamics with Barriers to Entry |
| By Jaap H. Abbring, Free University Amsterdam Jeffrey R. Campbell, Federal Reserve Bank of Chicago |
| Presented by: Jeffrey Campbell, |
| The Response of Prices, Sales, and Output to Temporary Changes in Demand |
| By Adam Copeland and George Hall |
| Presented by: George Hall, |
| Financial Frictions and the Persistence of History |
| By Francisco J. Buera, Northwestern Yongseok Shin, University of Wisconsin-Madison |
| Presented by: Yongseok Shin, University of Wisconsin |
| Firm Dynamics with Infrequent Adjustment and Learning |
| By Eugenio Pinto, University of Maryland |
| Presented by: Eugenio Pinto, University of Maryland |
Session 43: The Economics of Mortality Reductions |
|---|
| Session Chair: Rodrigo Soares, University of Maryland |
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom D |
| International Medical Technology Diffusion |
| By Chris Papageorgiou, Andreas Savvides, Marios Zachariadis |
| Presented by: Chris Papageorgiou, Lousiana State University |
| Death and Development |
| By Peter Lorentzen, John McMillan, and Romain Wacziarg |
| Presented by: Peter Lorentzen, Stanford University |
| Mortality Change, the Uncertainty Effect, and Retirement |
| By Sebnem Kalemli-Ozcan and David Weil |
| Presented by: Sebnem Kalemli-Ozcan, |
| The Demographic Transition and the Sexual Division of Labor |
| By Bruno Falcão and Rodrigo Soares |
| Presented by: Rodrigo Soares, University of Maryland |
Session 44: Structural Transformation and Outcomes |
|---|
| Date: July 7, 2006 |
| Time: 10:00 - 12:00 |
| Location: Grand Ballroom A |
| Accommodating Emerging Giants |
| By John Coleman |
| Presented by: Wilbur Coleman, Duke University |
| Trends in Hours and Economic Growth |
| By Rachel Ngai and Christopher Pissarides |
| 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 the Labor Market |
| By Richard Rogerson Arizona State University |
| Presented by: Richard Rogerson, |
Session 45: Optimal Taxation of Risky Capital and Estates with Private Information |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom C |
| Optimal Wealth Taxes with Risky Human Capital |
| By Borys Grochulski and Tomasz Piskorski |
| Presented by: Tomasz Piskorski, NYU |
| optimal taxation of entrepreneurial capital with private information |
| By stefania albanesi |
| Presented by: Stefania Albanesi, Columbia |
| Capital Taxation |
| By Emannauel Farhi, MIT Ivan Werning, MIT |
| Presented by: Ivan Werning, Massachusetts Institute of Technology |
| Uninsured Idiosyncratic Investment Risk: Positive and Normative Implications |
| By George-Marios Angeletos, MIT and NBER |
| Presented by: George-Marios Angeletos, |
Session 46: The Pricing of Aggregate and Idiosyncratic Risk |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Grand Ballroom D |
| Welfare Costs, Long Run Consumption Risk, and a Production Economy. |
| By Mariano M. Croce, Econ Dep-NYU |
| Presented by: mariano croce, nyu |
| Financial Leverage Does Not Cause the Leverage Effect |
| By A. Cevdet Aydemir, Lehman Brothers Michael Gallmeyer, Mays Business School Burton Hollifield, Tepper School of Business |
| Presented by: Michael Gallmeyer, Texas A&M University |
| Firms' Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Expected Returns |
| By Francois Gourio, Boston University |
| Presented by: Francois Gourio, Boston University |
Session 47: Information and Technology Choice |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom D |
| Learning by Matching |
| By Manuel Amador, Stanford GSB Pierre-Olivier Weill, NYU Stern School of Business |
| Presented by: Pierre-Olivier Weill, New York University |
| Economic Development as Problem Solving |
| By Yaw Nyarko, NYU |
| Presented by: Yaw Nyarko, New York University |
| Knowing what others Know: Coordination motives in information acquisition |
| By Christian Hellwig, UCLA Laura Veldkamp, NYU |
| Presented by: Christian Hellwig, University of California Los Angeles |
| Public vs. Private Offers in the Market for Lemons |
| By Johannes Hörner Northwestern University Nicolas Vieille HEC Paris |
| Presented by: Johannes Hörner, Northwestern University |
Session 48: Work and Leisure in the Long Run |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port Hardy |
| On the Intergenerational Persistence of Work Hours |
| By Manuel Toledo University of Rochester |
| Presented by: Manuel Toledo, University of Rochester |
| Lower-Frequency Macroeconomic Fluctuations: Living Standards and Leisure |
| By Ben Malin, Stanford University |
| Presented by: Ben Malin, Stanford University |
| Longevity and Hours over the Lifetime: Data and Implications |
| By Hazan, Moshe. Hebrew University and CEPR |
| Presented by: Moshe Hazan, Hebrew University |
| A Model of the Trends in Hours |
| By Guillaume Vandenbroucke, University of Southern California |
| Presented by: Guillaume Vandenbroucke, University of Southern California |
Session 49: Labor Markets 2 |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Gulf Islands A |
| incomplete self-enforcing labor contracts |
| By Guido Menzio, University of Pennsylvania, Department of Economics; Espen Moen, Norwegian School of Management; |
| Presented by: Guido Menzio, University of Pennsylvania |
| Disentangling employment and wage rigidity |
| By Luigi Guiso, Tor Vergata University Luigi Pistaferri, Stanford University Fabiano Schivardi, Banca d'Italia |
| Presented by: Fabiano Schivardi, Bank of Italy |
| How General is Specific Human Capital? Using Mobility Patterns to Study Skill Transferability in the Labor Market |
| By Uta Schoenberg, University of Rochester Christina Gathmann, Stanford University |
| Presented by: Uta Schoenberg, |
| Unemployment Insurance: Isn't Marriage Enough? |
| By Stephane Pallage (UQAM) Michel Robe (American University) Christian Zimmermann (University of Connecticut) |
| Presented by: Christian Zimmermann, University of Connecticut |
Session 50: Monetary Policy 2 |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom A |
| Liquidity, Inflation, and Monetary Policy |
| By Marcus Hagedorn, University of Frankfurt |
| Presented by: Marcus Hagedorn, University of Bonn |
| Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve |
| By Kevin J. Lansing Federal Reserve Bank of San Francisco |
| Presented by: Kevin Lansing, Federal Reserve Bank of San Francisco |
| Optimal monetary policy with imperfect unemployment insurance |
| By Tomoyuki Nakajima, Kyoto University |
| Presented by: Tomoyuki Nakajima, |
| Deflation and Recession in France in the (Seventeen) Twenties |
| By François R. Velde Federal Reserve Bank of Chicago |
| Presented by: Francois Velde, Federal Reserve Bank of Chicago |
Session 51: Growth and Development 1 |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port Alberni |
| "Backslanted X" Fertility Dynamics and Macroeconomics |
| By Yishay D. Maoz Department of Economics University of Haifa |
| Presented by: Yishay Maoz, University of Haifa |
| Population Policy through Tradable Procreation Rights |
| By David de la Croix CORE Axel Gosseries Hoover Chair |
| Presented by: David de la Croix, CORE, Univ. cath. Louvain |
| Endogenous Growth through Firm Entry, Exit and Imitation |
| By Alain Gabler and Omar Licandro European University Institute |
| Presented by: Alain Gabler, European University Institute |
| Making Financial Markets: Contract Enforcement and the Emergence of Tradable Assets in Late Medieval Europe |
| By Lars Boerner Humboldt University of Berlin Albrecht Ritschl Univ. of Pennsylvania and Humboldt Univ. Berlin |
| Presented by: Albrecht Ritschl, Humboldt-University of Berlin |
Session 52: Bank of Canada Session on Capital and Credit Markets |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port McNeill |
| The Return to Capital and the Business Cycle |
| By Paul Gomme, Federal Reserve Bank of Cleveland B. Ravikumar, University of Iowa Peter Rupert, Federal Reserve Bank of Cleveland |
| Presented by: B Ravikumar, private |
| technology adoption under uncertainty in general equilibrium |
| By Julien Hugonnier University of Lausanne and FAME Erwan Morellec University of Lausanne and FAME Aude Pommeret University of Lausanne and FAME |
| Presented by: Aude Pommeret-Lelievre, University of Lausanne |
| Credit Market and Macroeconomic Volatility |
| By Caterina Mendicino, Stockholm School of Economics |
| Presented by: Caterina Mendicino, Stockholm School of Economics |
| Financial Frictions, Investment and Tobin's q |
| By Guido Lorenzoni (MIT and NBER) Karl Walentin (Bank of Sweden) |
| Presented by: Karl Walentin, Sveriges Riksbank (Bank of Sweden) |
Session 53: Government and Market Failure |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom B |
| Government Intervention as an Optimal Response to Government (not Market!) Failure |
| By Alberto Bisin, NYU Adriano Rampini, Northwestern |
| Presented by: Adriano Rampini, Northwestern University |
| The political economy of labor subsidies |
| By Marina Azzimonti (University of Iowa), Eva de Francisco (CBO) and Per Krusell (Princeton University) |
| Presented by: Marina Azzimonti Renzo, University of Iowa |
| Fiscal Policy Under Weak Political Institutions |
| By Pierre Yared, MIT |
| Presented by: Pierre Yared, Massachusetts Institute of Technology |
Session 54: Estimation of Dynamic General Equilibrium Models with Heterogeneity |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Grand Ballroom A |
| The Rate of Learning-by-Doing: Estimates from a Search-Matching Model |
| By Julien Prat Vienna University |
| Presented by: Julien Prat, Vienna University |
| Another Look at the Identification of Dynamic Discrete Decision Processes: With an Application to Retirement Behavior |
| By Victor Aguirregabiria (Boston University) |
| Presented by: Victor Aguirregabiria, Boston University |
| A Feasible Equilibrium Search Model of Individual Wage Dynamics with Experience Accumulation |
| By Jesper Bager Arhus Univ. Francois Fontaine Univ of Strasbourg Fabien Postel-Vinay Bristol Universty Jean-Marc Robin Sorbonne and UCL |
| Presented by: Jean-Marc Robin, |
Session 55: International Capital Flows |
|---|
| Date: July 7, 2006 |
| Time: 13:15 - 15:15 |
| Location: Parksville |
| Financial Contagion and Attention Allocation |
| By Jordi Mondria, Princeton University |
| Presented by: Jordi Mondria, public |
| Asymmetric Information and the Lack of International Portfolio |
| By Juan Carlos Hatchondo, Federal Reserve Bank of Richmond |
| Presented by: Juan Hatchondo, Federal Reserve Bank of Richmond |
| Could capital gains smooth a current account rebalancing? |
| By Michele Cavallo, Federal Reserve Bank of San Francisco Cedric Tille, Federal Reserve Bank of New York |
| Presented by: Cedric Tille, |
| Foreign Direct Investment, Financial Markets and Economic |
| By Laura Alfaro, Harvard Business School Areendam Chanda, Louisiana State University, Sebnem Kalemli-Ozcan, University of Houston, Selin Sayek, Bilkent University. |
| Presented by: Laura Alfaro, Harvard Business School |
Session 56: International Business Cycles |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port Hardy |
| Net Exports, Consumption Volatility and International Real Business Cycle Models |
| By Andrea Raffo Federal Reserve Bank, Kansas City |
| Presented by: Andrea Raffo, Federal Reserve Bank, Kansas City |
| Imported Capital Goods and Open Economy Business Cycles |
| By Reinout De Bock, Northwestern University |
| Presented by: Reinout De Bock, Northwestern University |
| ``News" Shocks in International Business Cycles |
| By Martial Dupaigne, University of Toulouse Franck Portier, University of Toulouse |
| Presented by: Franck Portier, Universite de Toulouse |
| Explaning the Correlation Between Output and Volatility \\ in a Model of International Risk-Sharing \\ and Limited Commitment |
| By Pietro Reichlin LUISS G. Carli |
| Presented by: Pietro Reichlin, LUISS G. Carli |
Session 57: Measurement and Empirical Modeling of Business Cycles |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom D |
| Business cycle accounting for the Japanese economy |
| By Keiichiro Kobayashi, Research Institute of Economy, Trade and Industry Masaru Inaba, University of Tokyo |
| Presented by: Keiichiro Kobayashi, RIETI |
| Learning, Expectations and the Business Cycle |
| By Stefano Eusepi, Federal Reserve Bank of New York Stefania D'Amico, Board of Governors |
| Presented by: Stefano Eusepi, Fedral Reserve Bank of New York |
| measuring unemployment composition over the cycle |
| By Alessandro Barbarino The University of Chicago and Duke University Ronni Pavan University of Rochester |
| Presented by: Alessandro Barbarino, private |
| Bench Mark Revisions and the U.S. Personal Saving Rate |
| By Leonard Nakamura, Federal Reserve Bank of Philadelphia Tom Stark, Federal Reserve Bank of Philadelphia |
| Presented by: Leonard Nakamura, |
Session 58: Hours and Unemployment |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Grand Ballroom A |
| Why Did U.S. Market Hours Boom in the 1990s? |
| By Ellen R. McGrattan and Edward C. Prescott, Arizona State University and the Federal Reserve Bank of Minneapolis |
| Presented by: Edward Prescott, |
| On Flexibity and Productivity |
| By Bart Hobijn, Federal Reserve Bank of New York Aysegul Sahin, Federal Reserve Bank of New York |
| Presented by: Aysegul Sahin, Federal Reserve Bank of New York |
| The Trend in Retirement |
| By Karen A. Kopecky, University of Rochester |
| Presented by: Karen Kopecky, University of Rochester |
| Indivisible Labor and Its Supply Elasticity: Do Taxes Explain European Employment? |
| By Lars Ljungqvist, Stockholm School of Economics Thomas J. Sargent, New York University |
| Presented by: LARS LJUNGQVIST, |
Session 59: Housing |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Gulf Islands A |
| The Baby Boom: Predictability in House Prices and Interest Rates |
| By Robert F. Martin, Federal Reserve Board |
| Presented by: Robert Martin, Federal Reserve Board |
| Consumption, wealth, and expected asset returns in the United States. Implications of housing wealth and housing consumption |
| By Andrea Finicelli, Bank of Italy |
| Presented by: Andrea Finicelli, Bank of Italy |
| House price fluctuations and residential sorting |
| By Markus Haavio Department of Economics, Helsinki School of Economics Heikki Kauppi Department of Economics University of Helsinki |
| Presented by: Markus Haavio , Helsinki School of Economics |
Session 60: Pricing |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom C |
| Do Switching Costs Make Markets Less Competitive? |
| By Jean-Pierre Dube, University of Chicago, GSB Guenter J. Hitsch, University of Chicago, GSB Peter Rossi, University of Chicago, GSB |
| Presented by: Guenter Hitsch, University of Chicago |
| Individual Wage Bargaining and Business Cycles |
| By Monique Ebell, University of Pennsylvania and Humboldt-University of Berlin |
| Presented by: Monique Ebell, Univ. of Pennsylvania and Humboldt-Univ |
| Real Price and Wage Rigidities in a Model with Matching Frictions |
| By Keith Kuester, Goethe University Frankfurt |
| Presented by: Keith Kuester, Goethe-University Frankfurt |
| Income dispersion, asymmetric information and fluctuations in market efficiency |
| By Chris Edmond, NYU Stern Laura Veldkamp, NYU Stern |
| Presented by: Chris Edmond, New York University |
Session 61: Sectoral Heterogeneity and Economic Development |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom A |
| Intra- and Inter-sectoral Knowledge Spillovers and TFP Growth Rates |
| By Núria Quella, Banco de México |
| Presented by: Núria Quella, Banco de Mexico |
| The Role of Education in Economic Growth through the Sectoral Reallocation of Labor |
| By Soohyung Lee Stanford University |
| Presented by: Soohyung Lee, Stanford University |
| Labor's Shares – Aggregate and Industry:Accounting for Both in a Model of Development with Induced Innovation |
| By Hernando Zuleta, Instituto Tecnológico Autónomo de México Andrew T. Young, University of Mississippi |
| Presented by: Hernando Zuleta, Instituto Tecnologico Autonomo de Mexico |
| Which Sectors Make the Poor Countries so Unproductive? |
| By Berthold Herrendor Arizona State University Akos Valentinyi University of Southampton |
| Presented by: Akos Valentinyi, |
Session 62: Dynamic Contracting in Continuous Time |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Grand Ballroom D |
| Local Private-Information Contracts |
| By Bart Taub University of Illinois |
| Presented by: Bart Taub, University of Illinois, Urbana-Champaign |
| Equilibrium Degeneracy and Reputation Effects in Continuous-Time Games |
| By Eduardo Faingold (Univ of Pennsylvania) Yuliy Sannikov (UC Berkeley) |
| Presented by: Eduardo Faingold, University of Pennsylvania |
| Dynamic choices of hyperbolic consumers: the continuous time case. |
| By Ivar Ekeland, University of British Columbia Lazrak Ali, University of British Columbia |
| Presented by: Ali Lazrak, university of british columbia |
| Efficient Allocations in a Dynamic Moral Hazard Economy |
| By Noah Williams, Princeton University |
| Presented by: Noah Williams, Princeton University |
Session 63: Trade |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom B |
| Trade Adjustment and the Composition of Trade |
| By Christopher Erceg, Luca Guerrieri, Christopher Gust |
| Presented by: Luca Guerrieri, Federal Reserve Board |
| Employment Dynamics and Import Competition |
| By Hale Utar Pennsylvania State University |
| Presented by: Hale Utar, Penn State University |
| Measuring the TFP Costs of Barriers to Trade |
| By Pedro Cavalcanti Ferreira Fundação Getulio Vargas Alberto Trejos INCAE |
| Presented by: Pedro Ferreira, Getulio Vargas |
| Distribution Costs and International Business Cycles |
| By P. Marcelo Oviedo, Iowa State University Rajesh Singh, Iowa State University |
| Presented by: Rajesh Singh, Iowa State University |
Session 64: Labor Earnings |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port Alberni |
| Labor Market Complementarity: A Perspective on Inequality and Productivity Dynamics |
| By Hyeok Jeong, University of Southern California Yong Kim, University of Southern California Iourii Manovskii, University of Pennsylvania |
| Presented by: Hyeok Jeong, University of Southern California |
| On-the-Job Search and Labor Market Reallocation |
| By Murat Tasci, The University of Texas at Austin |
| Presented by: Murat Tasci, University of Texas at Austin |
| The Evolution of Labor Earnings Risk in the US Economy |
| By Flavio Cunha James Heckman |
| Presented by: Flavio Cunha, University of Chicago |
| REPUTATION AND CAREER CONCERNS |
| By Leonardo Martinez, Federal Reserve Bank of Richmond |
| Presented by: Leonardo Martinez, Federal Reserve Bank of Richmond |
Session 65: International Financial Integration |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Parksville |
| Monetary Policy Rules and Exchange Rates:A Structural VAR Identified by No Arbitrage |
| By Sen Dong, Columbia University and Lehman Brothers |
| Presented by: Sen Dong, Columbia University |
| Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances? |
| By Alejandro Justiniano, Board of Governors Bruce Preston, Columbia University |
| Presented by: Bruce Preston, Columbia University |
| Fiscal Policy, Inflation Tax and Default Risk in Emerging Economies |
| By Horacio Sapriza Rutgers University Gabriel Cuadra Banco de Mexico |
| Presented by: Jose Cuadra, Banco de Mexico |
| The Valuation Channel of External Adjustment |
| By Fabio Ghironiy, Boston College Jaewoo Lee, International Monetary Fund Alessandro Rebucci, International Monetary Fund |
| Presented by: Alessandro Rebucci, International Monetary Fund |
Session 66: Bank of Canada Session on Money and Credit |
|---|
| Date: July 7, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port McNeill |
| "A Model of Money and Credit, with Application to the Credit Card Debt Puzzle" |
| By Irina A. Telyukova and Randall Wright |
| Presented by: Irina Telyukova, University of Pennsylvania |
| Precautionary Balances and the Velocity of Circulation of Money |
| By Miquel Faig, University of Toronto Belen Jerez, Carlos III Madrid |
| Presented by: Miquel Faig, University of Toronto |
| Optimal Monetary Policy in a Channel System of Interest-Rate Control |
| By Aleksander Berentsen Department of Economics, University of Basel Cyril Monnet DG-Research, European Central Bank |
| Presented by: Aleksander Berentsen, |
| Transactions, Credit, and Central Banking in a Model of Segmented Markets |
| By Stephen D. Williamson, University of Iowa |
| Presented by: Stephen Williamson, University of Iowa |
Session 67: Risk Sharing and Welfare |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Parksville |
| On the Provision of Public Goods in Dynamic Contracts: Lack of Commitment |
| By Christine Hauser, University of Rochester Gokce Uysal, University of Rochester |
| Presented by: Christine Hauser, University of Rochester |
| Income Risk and Household Debt with Endogenous Collateral Constraints |
| By Thomas Hintermaier, IHS, Vienna, Austria Winfried Koeniger, IZA, Bonn, Germany |
| Presented by: Thomas Hintermaier, Institute for Advanced Studies (IHS) |
| Informational Assumptions on Income Processes and Consumption in the Buffer Stock Model of Savings |
| By Dmytro Hryshko |
| Presented by: Dmytro Hryshko, University of Houston |
| Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Semi-parametric Tests with an Application to Village Economies |
| By Maurizio Mazzocco, University of Wisconsin-Madison Shiv Saini, University of Wisconsin-Madison |
| Presented by: Maurizio Mazzocco, University of Wisconsin-Madison |
Session 68: Aggregate Implications of Labor Market Frictions |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port Hardy |
| The Employment (and Output) of Nations: Theory and Policy Implications |
| By Pietro Peretto, Department of Economics, Duke University |
| Presented by: Pietro Peretto, |
| Capital Tax and Minimum Wage: Implications for the Dispersion of Wages |
| By Dr. Alok Kumar, Department of Economics, University of Victoria, BC. Canada |
| Presented by: Alok Kumar, University of Victoria |
| Flat-Tax Reform with Occupational Choice |
| By Radim Bohacek (CERGE-EI) Jozef Zubricky (CERGE-EI) |
| Presented by: Radim Bohacek, CERGE-EI |
| Between-Firm Redistribution of Profit in Competitive Industries: Why Labor Market Policies May Not Work |
| By Galina Vereshchagina (Univ. of Iowa) |
| Presented by: Galina Vereshchagina, University of Iowa |
Session 69: Entrepreneurs |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom C |
| Why Has CEO Pay Increased So Much? |
| By Xavier Gabaix, MIT Augustin Landier, NYU |
| Presented by: Xavier Gabaix, |
| Entrepreneurial wealth accumulation in equilibrium: collateral constraints |
| By Irasema Alonso, Yale University |
| Presented by: Irasema Alonso, Yale University |
| Paying to Make a Difference: Executive Compensation and Product Dynamics |
| By Antonio Falato, Department of Finance, R.H. Smith School of Business, University of Maryland |
| Presented by: Antonio Falato, HEC Montréal |
Session 70: Applications of Dynamic Models in IO |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom D |
| The Costs of Environmental Regulation in a Concentrated Industry |
| By Stephen Ryan |
| Presented by: Stephen Ryan, MIT |
| The Diffusion of Wal-Mart and Economies of Density |
| By Thomas J. Holmes |
| Presented by: Thomas Holmes, University of Minnesota |
| Production Targets |
| By Guillermo Caruana and Liran Einav |
| Presented by: Liran Einav, Stanford University |
| Markov Perfect Industry Dynamics with Many Firms |
| By Gabriel Weintraub, Lanier Benkard, Benjamin Van Roy |
| Presented by: Lanier Benkard, |
Session 71: Families and the Macroeconomy |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Grand Ballroom A |
| Taxation, Aggregates and Two-Person Households |
| By Nezih Guner Penn State Remzi Kaygusuz Penn State Gustavo Ventura Penn State |
| Presented by: Gustavo Ventura, Pennsylvania State University |
| Why are Married Men Working So Much? |
| By John Knowles Department of Economics, University of Pennsylvania |
| Presented by: John Knowles, |
| Valuing Lost Home Production of Dual Earner Households |
| By Christopher House, University of Michigan John Laitner, University of Michigan Dmitriy Stolyarov, University of Michigan |
| Presented by: Dmitriy Stolyarov, University of Michigan |
| Overlapping Generations Models of an Age-Group Society: The Rendille of Northern Kenya |
| By Merwan H. Engineer (University of Victoria) Ming Kang (University of Victoria) Eric Roth (University of Victoria) Linda Welling (University of Victoria) |
| Presented by: Merwan Engineer, |
Session 72: Growth and Development 2 |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Gulf Islands A |
| Aid Effectiveness and Limited Enforceable Conditionality |
| By Almuth Scholl, Humboldt University Berlin |
| Presented by: Almuth Scholl, Humboldt University Berlin |
| Individuals and Institutions: Evidence from International Migrants in the U.S. |
| By Anna Paulson Federal Reserve Bank of Chicago Una Okonkwo Osili Indiana University Purdue University Indianapolis |
| Presented by: Anna Paulson, Federal Reserve Bank of Chicago |
| OLIGARCHIC PROPERTY RIGHTS AND THE TRANSITION TO A MARKET ECONOMY IN RUSSIA |
| By Serguey Braguinsky State University of New York at Buffalo Roger Myerson University of Chicago |
| Presented by: Serguey Braguinsky, |
| IQ in the Ramsey Model: A Naive Calibration |
| By Garett Jones Southern Illinois University Edwardsville |
| Presented by: Garett Jones, Southern Illinois University |
Session 73: Trade, Volatility and Productivity |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port Alberni |
| Openness, Volatility and the Risk Content of Exports |
| By Julian di Giovanni (IMF) Andrei A. Levchenko (IMF) |
| Presented by: Julian di Giovanni, International Monetary Fund |
| The Q-Theory of Mergers: International and Cross-Border Evidence |
| By Peter L. Rousseau Vanderbilt University |
| Presented by: Peter Rousseau, |
| Trade Costs, Limited Enforcement and Risk Sharing: A Joint Test |
| By Doireann Fitzgerald, UC-Santa Cruz |
| Presented by: Doireann Fitzgerald, University of California, Santa Cruz |
| Reevaluating the Evidence on Trade and Productivity |
| By Kim J. Ruhl Univeristy of Texas at Austin |
| Presented by: Kim Ruhl, University of Texas Austin |
Session 74: Monetary Search Models |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom A |
| Search, Market Power, and Inflation Dynamics |
| By Allen Head, Queen's University Beverly Lapham, Queen's University |
| Presented by: Allen Head, Queen's University |
| Payments network in a search model of money |
| By Antoine Martin, Federal Reserve Bank of New York Michael Orlando, Federal Reserve Bank of Kansas City David Skeie, Federal Reserve Bank of New York |
| Presented by: Antoine Martin, Federal Reserve Bank of New York |
| General Equilibrium with NonConvexities, Sunspots and Money |
| By Guillaume Rocheteau, Cleveland Fed Peter Rupert, Cleveland Fed Karl Shell, Cornell University Randall Wright, University of Pennsylvania |
| Presented by: Guillaume Rocheteau, public |
| Monetary Exchange with Multilateral Matching |
| By Benoit Julien, Australian Graduate School of Management, John kennes, University of Copenhagen, Ian king, University of Otago |
| Presented by: Benoit Julien, Australian Graduate School of Management |
Session 75: Perspectives on International Financial Crises |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Grand Ballroom D |
| Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer |
| By Enrique G. Mendoza, UMD, IMF & NBER P. Marcelo Oviedo, Iowa State |
| Presented by: Enrique G. Mendoza, |
| Sovereign Default and Domestic Banking |
| By Igor Livshits, Univ. of Western Ontario and CIAR |
| Presented by: Igor Livshits, |
| Optimal Fiscal Policy and Sovereign Debt: A signaling model |
| By Guido Sandleris, Johns Hopkins University |
| Presented by: Guido Sandleris, Johns Hopkins University |
| Sovereign debt, default and renegotiation |
| By Rohan Pitchford, University of Sydney Mark Wright, Minneapolis Fed and Stanford University |
| Presented by: Mark Wright, Stanford University |
Session 76: Job Creation and Job Destruction |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Junior Ballroom B |
| Job Creation, Job Destruction and the Life Cycle |
| By A. CHERON, Gains, Cepremap J-O. HAIRAULT, CES, Paris 1, IZA F. LANGOT, Gains, Cepremap |
| Presented by: françois langot, cepremap |
| (Un)Employment Dynamics: The Case of Monetary Policy Shocks |
| By Helge Braun Northwestern University |
| Presented by: Helge Braun, Northwestern University |
| Wage Rigidity and Job Creation |
| By Christian Haefke, Univ Pompeu Fabra and IAE-CSIC Marcus Sonntag, Universitat Pompeu Fabra Thijs van Rens, CREI and Universitat Pompeu Fabra |
| Presented by: Thijs van Rens, CREI and Universitat Pompeu Fabra |
| The Dynamic Beveridge Curve |
| By Shigeru Fujita, Federal Reserve Bank of Philadelphia Garey Ramey, UC San Diego |
| Presented by: Shigeru Fujita, Federal Reserve Bank of Philadelphia |
Session 77: Economic Theory |
|---|
| Date: July 8, 2006 |
| Time: 10:00 - 12:00 |
| Location: Port McNeill |
| Reputation and Impermanent Types |
| By Thomas Wiseman, UT-Austin |
| Presented by: Thomas Wiseman, UT Austin |
| Rational Multi-Agent Search |
| By Andreas Blume, University of Pittsburgh April Franco, University of Iowa Paul Heidhues, University of Bonn |
| Presented by: April Franco, University of Iowa |
| Sequential Bargaining in the Screening Model |
| By Zhiyong Yao UCLA |
| Presented by: Zhiyong Yao, UCLA |
| Optimal Capital Taxation under Limited Commitment |
| By YiLi Chien and JunSang Lee |
| Presented by: YiLi Chien, UCLA |
Session 78: Learning and Information |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port Hardy |
| Evolutionary Learning in a Principal-Agent Model |
| By Jasmina Arifovic, Simon Fraser University, Alexander Karaivanov, Simon Fraser University |
| Presented by: Alexander Karaivanov, Simon Fraser University |
| Robustifying Learnability |
| By Robert J. Tetlow Peter von zur Muehlen |
| Presented by: Robert Tetlow, Federal Reserve Board |
| Learning and Model Validation |
| By In-Koo Cho (University of Illinois Urbana-Champaign) Kenneth Kasa (Simon Fraser University) |
| Presented by: In-Koo Cho, University of Illinois |
| Methods for Robust Control |
| By Richard Dennis, Federal Reserve Bank of San Fran. Kai Leitemo, Norwegian School of Management Ulf Soderstrom, Bocconi University |
| Presented by: Richard Dennis, Federal Reserve Bank of San Francisco |
Session 79: Bank of Canada Session on Banking and Credit |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port McNeill |
| Credit and Identity Theft |
| By Charles M. Kahn and William Roberds |
| Presented by: William Roberds, |
| Comparing Financial Systems: A structural Analysis |
| By Sylvain champonnois Princeton University |
| Presented by: sylvain champonnois, Princeton University |
| Banking Policy without Commitment: Suspension of Convertibility Taken Seriously |
| By Huberto M. Ennis, Research Department, Federal Reserve Bank of Richmond Todd Keister, Research and Statistics Group, Federal Reserve Bank of New York |
| Presented by: Huberto Ennis, Federal Reserve Bank of Richmond |
| A Model of Interbank Settlement |
| By Benjamin Lester, University of Pennsylvania |
| Presented by: Benjamin Lester, University of Pennsylvania |
Session 80: Investors and Traders |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Gulf Islands A |
| Strategic Trading with Market Closures |
| By Alex Boulatov and Dmitry Livdan |
| Presented by: Dmitry Livdan, public |
| Why do Wealthy Investors have a Higher Return on their Stocks? |
| By Yosef Bonaparte the University of Texas |
| Presented by: Yosef Bonaparte, University of Texas @ Austin |
| What Do Outside Directors Know? Evidence From Outsider Trading |
| By Enrichetta Ravina, New York University Paola Sapienza, Northwestern University, NBER and CEPR |
| Presented by: Enrichetta Ravina, Stern NYU |
| Leverage Choice and Credit Spread Dynamics when Managers Risk Shift |
| By Murray Carlson, UBC Ali Lazrak, UBC |
| Presented by: Murray Carlson, University of British Columbia |
Session 81: Financial Markets, Monetary Policy, and Exchange Rates |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom A |
| Sustainable Monetary Policy and Expectations |
| By Roc Armenter, Federal Reserve Bank of New York |
| Presented by: Roc Armenter, Federal Reserve Bank of New York |
| Stock market optimism and participation cost: a mean-variance estimation |
| By Andrea Tiseno, Banca d’Italia Monica Paiella, Banca d’Italia |
| Presented by: Andrea Tiseno, public |
| Expectations and Exchange Rate Dynamics: A State-Dependent Pricing Approach |
| By Anthony Landry Federal Reserve Bank of Dallas |
| Presented by: Anthony Landry, Federal Reserve Bank of Dallas |
| A Habit-Based Explanation of the Exchange Rate Risk Premium |
| By Adrien Verdelhan, Boston University and Bank of France. |
| Presented by: Adrien Verdelhan, Boston University |
Session 82: Labor Search 2 |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Grand Ballroom D |
| Equilibrium Wage Dispersion: An Example |
| By Damien Gaumont, Paris II & ERMES Martin Schindler, IMF Randall Wright, UPENN |
| Presented by: Martin Schindler, public |
| Re-entitlement Effects with Duration Dependent Unemployment Insurance in a Stochastic Matching Equilibrium |
| By Melvyn Coles, UAB, Barcelona, Spain Adrian Masters, SUNY Albany, Albany, NY, USA |
| Presented by: Adrian Masters, |
| On the Cyclicality of Labor Market Mismatch and Aggregate Employment Flows |
| By Kenneth Beauchemin, University at Albany, SUNY Murat Tasci, University of Texas at Austin |
| Presented by: Kenneth Beauchemin, public |
| Stock-Flow Matching Model: A Quantitative Analysis |
| By Robert Shimer, University of Chicago |
| Presented by: Robert Shimer, University of Chicago |
Session 83: Sovereign Debt and Debt Structure |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom C |
| Debt Dilution and Maturity Structure of Sovereign Bonds |
| By Ran Bi, University of Maryland, College Park Econometric Society |
| Presented by: Ran Bi, University of Maryland |
| Default, Settlement, and Repayment History: A Unified Model of Sovereign Debt |
| By Irani Arraiz, University of Maryland |
| Presented by: Irani Arraiz, University of Maryland |
| Debt and Maturity without Commitment |
| By Dirk Niepelt, IIES Stockholm University |
| Presented by: Dirk Niepelt, |
| Why Do Emerging Economies Borrow Short Term? |
| By Fernando Broner (CREI, UPF) Guido Lorenzoni (MIT) Sergio Schmuckler (World Bank) |
| Presented by: Guido Lorenzoni, MIT |
Session 84: Savings, Investment, and Business Cycles |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Grand Ballroom A |
| Investment Options and the Business Cycle |
| By Boyan Jovanovic |
| Presented by: Boyan Jovanovic, New York University |
| Lumpy Investment in Dynamic General Equilibrium |
| By Bachmann, Ruediger, Yale University Caballero, Ricardo, MIT and NBER Engel, Eduardo, Yale University abd NBER |
| Presented by: Rudiger Bachmann, Yale University |
| Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics |
| By Aubhik Khan, Federal Reserve Bank of Philadelphia Julia K. Thomas, University of Minnesota |
| Presented by: Julia Thomas, University of Minnesota |
| Credit Market Frictions with Costly Capital Reallocation as a Propagation Mechanism |
| By Andre Kurmann (UQAM) Nicolas Petrosky-Nadeau (UQAM) |
| Presented by: Andre Kurmann, UQAM |
Session 85: Cross-Country Income Differences |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Parksville |
| S-Shaped Transition and Catapult Effects |
| By Yong Kim, University of Southern California Hyeok Jeong, University of Southern California |
| Presented by: Yong Kim, University Southern California |
| Transportation Costs, Agricultural Productivity and Cross-Country Income Differences |
| By Tasso Adamopoulos, York University |
| Presented by: Tasso Adamopoulos, York University |
| Endogenous Productivity and Development Accounting |
| By Roc Armenter, FRB New York Amartya Lahiri, UBC |
| Presented by: Amartya Lahiri, University of British Columbia |
| Measuring the Miracle: Market Imperfections and Asia's Growth Experience |
| By John Fernald Federal Reserve Bank of San Francisco Brent Neiman Harvard University |
| Presented by: John Fernald, Federal Reserve Bank of San Francisco |
Session 86: Information Frictions and Macroeconomic Fluctuations |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom D |
| Empirical evidence on models of rational inattention |
| By Peter J. Klenow and Jonathan L. Willis |
| Presented by: Jonathan Willis, Federal Reserve Bank of Kansas City |
| An Information-Based Explanation for Industry Comovement |
| By Laura Veldkamp, NYU Stern Justin Wolfers, Wharton |
| Presented by: Laura Veldkamp, New York University |
| Can News About the Future Drive the Business Cycle? |
| By Nir Jaimovich and Sergio Rebelo |
| Presented by: Nir Jaimovich, UCSD |
| Asymmetric Information and Employment Fluctuations |
| By Bjoern Bruegemann, Yale University Giuseppe Moscarini, Yale University |
| Presented by: Bjorn Bruegemann, |
Session 87: International Capital Flows and the Current Account |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Junior Ballroom B |
| Financial Integration and International Risk Sharing |
| By Yan Bai, Arizona State University Jing Zhang, University of Michigan |
| Presented by: Jing Zhang, public |
| International Capital Flows Returns and World Financial Integration |
| By Martin D D Evans and Viktoria Hnatkovska |
| Presented by: Viktoria Hnatkovska, Georgetown University |
| Do trade costs in goods market lead to home bias in equities? |
| By Nicolas Coeurdacier (PSE) |
| Presented by: Nicolas Coeurdacier, public |
| An Equilibrium Model of Global Imbalances and Low Interest Rates |
| By Ricardo J. Caballero, MIT Emmanuel Farhi, MIT Pierre-Olivier Gourinchas, UC Berkeley |
| Presented by: Emmanuel Farhi, Massachusetts Institute of Technology |
Session 88: Health and Population |
|---|
| Date: July 8, 2006 |
| Time: 13:15 - 15:15 |
| Location: Port Alberni |
| The Output Effects of Employer-Based Health Insurance |
| By Jennifer Platania, Elon University Stephen DeLoach, Elon University |
| Presented by: Jennifer Platania, private |
| Medical Expenditure Puzzle |
| By Xiaoshu Han University of Texas at Austin |
| Presented by: xiaoshu han, UT |
| Health, Development, and the Demographic Transition |
| By Matteo Cervellati, University of Bologna Uwe Sunde, IZA, Bonn, University of Bonn |
| Presented by: Uwe Sunde, |
| The macroeconomics of obesity |
| By Pere Gomis Porqueras University of Miami Adrian Peralta-Alva University of Miami |
| Presented by: Adrian Peralta-Alva, University of Miami |
Session 89: Innovation and Technological Change |
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| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom C |
| Technology Innovation and Market Turbulence: A Dotcom Example |
| By Zhu Wang, Federal Reserve Bank of Kansas City |
| Presented by: Zhu Wang, Federal Reserve Bank of Kansas City |
| A Dynamic Analysis of Cooperative Research in the Semiconductor Industry |
| By Minjae Song, Georgia Institute of Technology |
| Presented by: Minjae Song, Georgia Institute of Technology |
| Market Structure and the Direction of Technological Change |
| By Matthew Mitchell (Univ. of Iowa) Andy Skrzypacz (Stanford GSB) |
| Presented by: Matthew Mitchell, University of Iowa |
| Innovation and Financial Markets |
| By Luís M. B. Cabral New York University Ana Fernandes University of Bern |
| Presented by: Ana Fernandes, University of Bern |
Session 90: Productivity, R&D, and Growth |
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| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom D |
| The Democratization of U.S. Research and Development after 1980 |
| By Robert M. Hunt, Federal Reserve Bank of Philadelphia Leonard I. Nakamura, Federal Reserve Bank of Philadelphia |
| Presented by: Robert Hunt, Federal Reserve Bank of Philadelphia |
| The Power of Print |
| By Michelle Alexopoulos Department of Economics University of Toronto |
| Presented by: Michelle Alexopoulos, University of Toronto |
| Adoption Lags, Implementation Gaps, and Economic Growth |
| By Diego Comin, New York University Bart Hobijn, Federal Reserve Bank of New York |
| Presented by: Bart Hobijn, Federal Reserve Bank of New York |
| Market Size, Trade, and the Resistance to the Adoption of Better Technology |
| By Klaus Desmet Universidad Carlos III and CEPR Stephen L. Parente University of Illinois at Urbana Champaign |
| Presented by: Klaus Desmet, Universidad Carlos III |
Session 91: Trade Policy |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port Hardy |
| Subsidies for FDI: Implications from a Model with Heterogenous Firms |
| By Davin Chor, Harvard University |
| Presented by: Davin Chor, public |
| International Competition, Growth and Optimal R&D Subsidies |
| By Giammario Impullitti NYU and NSSR |
| Presented by: Giammario Impullitti, NYU |
| Free trade agreements and the environment with pre-existing subsidies |
| By Claustre Bajona, University of Miami David Kelly, University of Miami |
| Presented by: Claustre Bajona, University of Miami |
| Demographic Trends, Fiscal Policy and Trade Deficits |
| By Andrea Ferrero, NYU |
| Presented by: Andrea Ferrero, New York University |
Session 92: Economic Growth and Economic Policy |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Parksville |
| corruption and openness |
| By Zvika Neeman, Department of Economics, Boston University and Center for Rationality and Department of Economics, Hebrew University of Jerusalem. Daniele Paserman, Department of Economics, Hebrew University of Jerusalem, and CEPR. Avi Simhon Department of Agricultural Economics, Hebrew University of Jerusalem. |
| Presented by: Avi Simhon, |
| Does competition for (human) capital discipline governments? The role of commitment |
| By Roc Armenter, Federal Reserve Bank of New York Francesc Ortega, Universitat Pompeu Fabra |
| Presented by: Francesc Ortega, Universitat Pompeu Fabra |
| Accounting for Corruption: Taxes, the Shadow Economy, Endogenous Growth and Inflation |
| By Max Gillman - Cardiff Business School Michal Kejak - CERGE-EI, Prague |
| Presented by: Michal Kejak, CERGE-EI |
| Welfare Gain of Financial Liberalization |
| By Robert M Townsend, University of Chicago Kenichi Ueda, IMF |
| Presented by: Kenichi Ueda, International Monetary Fund |
Session 93: Search and Growth |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Grand Ballroom A |
| Optimal Growth Though Product Innovation |
| By Rasmus Lentz, University of Wisconsin-Madison Dale T. Mortensen, Northwestern University |
| Presented by: Dale Mortensen, Northwestern University |
| Worker Reallocation and Labor Productivity Growth |
| By Rasmus Lentz, University of Wisconsin-Madison Dale T. Mortensen, Northwestern University |
| Presented by: Rasmus Lentz, University of Wisconsin-Madison |
| Reallocation and Productivity Growth: The FAQs |
| By Eric Bartelsman: Vrije Universiteit Amsterdam and Tinbergen Institute; John Haltiwanger: University of Maryland, U.S. Census Bureau, and NBER; Stefano Scarpetta: The World Bank and IZA, Bonn. |
| Presented by: John Haltiwanger, |
| The US-European Unemployment Divide Revisited: The Role of Growth and Convergence |
| By Christopher A Pissarides London School of Economics |
| Presented by: Christopher Pissarides, |
Session 94: Optimal Taxation |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port McNeill |
| Yet Another Reason to Tax Goods |
| By Carlos E. da Costa, Getulio Vargas Foundation |
| Presented by: Carlos da Costa, Getulio Vargas Foundation |
| The Dynamics of Optimal Taxation when Human Capital is Endogenous |
| By Marek Kapicka, UC Santa Barbara |
| Presented by: Marek Kapicka, University of California Santa Barbara |
| Why Tax Capital? |
| By Yili Chien AND Junsang Lee |
| Presented by: Junsang Lee, public |
| Optimal Fiscal Policy over the Business Cycle |
| By Filippo Occhino, Rutgers University |
| Presented by: filippo occhino, |
Session 95: Business Cycles 2 |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Gulf Islands A |
| The Time Varying Volatility of Macroeconomic Fluctuations |
| By Giorgio Primiceri Northwestern University Alejandro Justiniano Board of Governorns of the Federal Reserve |
| Presented by: Alejandro Justiniano, public |
| Agency Costs, Net Worth, and Endogenous Business Fluctuations |
| By Giovanni Favara IIES-Stockholm University Stockholm, Sweden |
| Presented by: giovanni favara, iies stockholm university |
| The Young, the Old, and the Restless: Demographics and Business Cycle Volatility |
| By Henry Siu, UBC Nir Jaimovich, UCSD |
| Presented by: Henry Siu, University of British Columbia |
| The Empirical Content of Models with Multiple Equilibria |
| By Alberto Bisin (NYU) Andrea Moro (FRBNY) Giorgio Topa (FRBNY) |
| Presented by: Giorgio Topa, Federal Reserve Bank of New York |
Session 96: Money and Inflation |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom A |
| Divisible money with partially directed search |
| By Dror Goldberg, Texas A&M University |
| Presented by: Dror Goldberg, Texas A&M University |
| Inflation, Employment and Interest Rates in an Economy with Endogenous Market Segmentation |
| By Aubhik Khan, Federal Reserve Bank of Philadelphia Julia K. Thomas, University of Minnesota |
| Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia |
| Monetary Policy, Endogenous Inattention, and the Volatility Trade-off |
| By William A. Branch, U.C. Irvine John Carlson, Cleveland Fed George W. Evans, University of Oregon Bruce McGough, Oregon State University |
| Presented by: William Branch, University of California, Irvine |
| Aggregating Phillips curves |
| By Jean Imbs (University of Lausanne, CEPR and Fame) Eric Jondeau (University of Lausanne and Fame) Florian Pelgrin (University of Lausanne and IEMS) |
| Presented by: Florian Pelgrin, public |
Session 97: Sovereign Debt |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Port Alberni |
| Default and the Term Structure in Sovereign Bonds |
| By Cristina Arellano University of Minnesota and Federal Reserve Bank of Minneapolis |
| Presented by: Cristina Arellano, University of Minnesota |
| 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 |
| Sovereign Risk and Secondary Markets |
| By Fernando Broner: CREI and Universitat Pompeu Fabra Alberto Martin: CREI and Universitat Pompeu Fabra Jaume Ventura: CREI and Universitat Pompeu Fabra |
| Presented by: Alberto Martin, CREI and Universitat Pompeu Fabra |
| Sovereign default risk 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: Horacio Sapriza, Rutgers University |
Session 98: Housing and the Macroeconomy |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Junior Ballroom B |
| First-Time Home Buyers |
| By Jonas Fisher, Federal Reserve Bank of Chicago Martin Gervais, University of Western Ontario |
| Presented by: Martin Gervais, The University of Western Ontario |
| Tax Policy, the Distribution of Income, and the Value of Land and Leisure |
| By Morris A. Davis Federal Reserve Board |
| Presented by: Morris Davis, Federal Reserve Board of Governors |
| Energy and the Macroeconomy: The Role of Consumer Durables |
| By Karsten Jeske, Federal Reserve Bank of Atlanta Rajeev Dhawan, Georgia State University |
| Presented by: Karsten Jeske, Federal Reserve Bank of Atlanta |
| Strategic Asset Allocation, Asset Price Dynamics, and the Business Cycle |
| By Ivan Jaccard HEC Lausanne |
| Presented by: Ivan Jaccard, public |
Session 99: Finance in Production Economies |
|---|
| Date: July 8, 2006 |
| Time: 15:45 - 17:45 |
| Location: Grand Ballroom D |
| Testing the q-Theory of Anomalies |
| By Toni M. Whited School of Business University of Wisconsin-Madison Lu Zhang Simon School of Business University of Rochester and NBER |
| Presented by: Lu Zhang, University of Rochester |
| Technological Growth, Asset Pricing, and Consumption Risk over Long Horizons |
| By Stavros Panageas, Univ. of Pennsylvania (Wharton) Jianfeng Yu, Univ. of Pennsylvania (Wharton) |
| Presented by: Stavros Panageas, The Wharton School - Univ. of Penn. |
| Investment, consumption and hedging under incomplete markets |
| By Jianjun Miao, Boston University Neng Wang, Columbia University |
| Presented by: Neng Wang, Columbia Business School |
| Leasing, Ability to Repossess, and Debt Capacity |
| By Andrea Eisfeldt, Northwestern University Adriano Rampini, Northwestern University |
| Presented by: Andrea Eisfeldt, Northwestern University |