2008 Meeting of the Society for Economic Dynamics

Summary of All Sessions

#Date/TimeLocationTitlePapers
1July 10, 2008
10:00-12:00
C Monetary Theory 14
2July 10, 2008
10:00-12:00
G Models of Policy Choices4
3July 10, 2008
10:00-12:00
B Risk and Incentives: Implications for Optimal Policies4
4July 10, 2008
10:00-12:00
J Business Cycles4
5July 10, 2008
10:00-12:00
K Search Frictions in Labor and Product Markets4
6July 10, 2008
10:00-12:00
A International Trade 14
7July 10, 2008
10:00-12:00
D Consumption and Income4
8July 10, 2008
10:00-12:00
E Education4
9July 10, 2008
10:00-12:00
H Information and Complementarities4
10July 10, 2008
10:00-12:00
I Productivity4
11July 10, 2008
10:00-12:00
F Asset Pricing4
12July 10, 2008
13:15-15:15
A Firm Dynamics4
13July 10, 2008
13:15-15:15
H Experimentation and Communication4
14July 10, 2008
13:15-15:15
J Political Economy4
15July 10, 2008
13:15-15:15
G Labor market heterogeneity and dynamics4
16July 10, 2008
13:15-15:15
K Human Capital and the Macroeconomy: A Potpourri4
17July 10, 2008
13:15-15:15
D Topics in Corporate Finance4
18July 10, 2008
13:15-15:15
E International Macro 14
19July 10, 2008
13:15-15:15
F Human Capital and Wages4
20July 10, 2008
13:15-15:15
C Monetary Policy and Welfare4
21July 10, 2008
13:15-15:15
I Bond Yields4
22July 10, 2008
13:15-15:15
B Econometric Methods4
23July 10, 2008
15:45-17:45
J Employment Relations4
24July 10, 2008
15:45-17:45
A Heterogeneous beliefs and macroeconomic dynamics4
25July 10, 2008
15:45-17:45
E Long-run Consumption Risk4
26July 10, 2008
15:45-17:45
D Global Imbalances4
27July 10, 2008
15:45-17:45
C Debt and Default4
28July 10, 2008
15:45-17:45
G Policy Potpourri4
29July 10, 2008
15:45-17:45
B Fiscal and Monetary Policy4
30July 10, 2008
15:45-17:45
K Theory Based Estimation4
31July 10, 2008
15:45-17:45
H Topics in Economic Theory4
32July 10, 2008
15:45-17:45
I Finance and Development4
33July 10, 2008
15:45-17:45
F New Perspectives on Sovereign Debt and Default4
34July 10, 2008
18:15-19:15
L Plenary Session: James Poterba0
35July 11, 2008
10:00-12:00
B Unemployment Insurance4
36July 11, 2008
10:00-12:00
A International Finance4
37July 11, 2008
10:00-12:00
I Wage determination and labor market dynamics4
38July 11, 2008
10:00-12:00
D Frictional Financial Markets4
39July 11, 2008
10:00-12:00
E Industry Dynamics and Asset Returns4
40July 11, 2008
10:00-12:00
C Dynamic Communication and Mechanism Design4
41July 11, 2008
10:00-12:00
F International Trade 24
42July 11, 2008
10:00-12:00
G Education, Human Capital, and Unobservable Heterogeneity4
43July 11, 2008
10:00-12:00
J Investment4
44July 11, 2008
10:00-12:00
K Monetary Theory and Policy4
45July 11, 2008
10:00-12:00
H Health, Disease and Development4
46July 11, 2008
13:15-15:15
C Liquidity and payments4
47July 11, 2008
13:15-15:15
B Policy jamboree4
48July 11, 2008
13:15-15:15
J Income Volatility4
49July 11, 2008
13:15-15:15
K Household Decisions4
50July 11, 2008
13:15-15:15
E Markets and Mechanisms4
51July 11, 2008
13:15-15:15
I Demographics and Development4
52July 11, 2008
13:15-15:15
G International Prices4
53July 11, 2008
13:15-15:15
D Repeated and Dynamic Games4
54July 11, 2008
13:15-15:15
A Topics in Industrial Organization4
55July 11, 2008
13:15-15:15
H Sovereign Debt Renegotiation4
56July 11, 2008
13:15-15:15
F Consumption, Savings, and Portfolio Choice4
57July 11, 2008
15:45-17:45
B Topics in Economic Theory: Equilibrium and Efficiency4
58July 11, 2008
15:45-17:45
G Economic Disasters: Might they explain Stock, Bonds and Currency Prices?4
59July 11, 2008
15:45-17:45
I Monetary Theory 24
60July 11, 2008
15:45-17:45
A Dynamic Financial Contracts4
61July 11, 2008
15:45-17:45
J New Perspectives on the Great Moderation4
62July 11, 2008
15:45-17:45
E International Trade 34
63July 11, 2008
15:45-17:45
K Consumer Credit4
64July 11, 2008
15:45-17:45
D Innovation and Competition4
65July 11, 2008
15:45-17:45
F Education and Labor Supply4
66July 11, 2008
15:45-17:45
H Dynamic Political Economy Models4
67July 11, 2008
15:45-17:45
C Women in the Labor Market4
68July 11, 2008
18:15-19:15
L Plenary Session: Jose Scheinkman0
69July 12, 2008
10:00-12:00
B Business Cycles 24
70July 12, 2008
10:00-12:00
C Search models of labor markets4
71July 12, 2008
10:00-12:00
F Advances in the Econometrics of Dynamic Models4
72July 12, 2008
10:00-12:00
K Organizations and Growth4
73July 12, 2008
10:00-12:00
E Information in Financial Markets4
74July 12, 2008
10:00-12:00
H Fiscal Policy and Business Cycles4
75July 12, 2008
10:00-12:00
C Topics in International Macro4
76July 12, 2008
10:00-12:00
J Topics on Sovereign Debt4
77July 12, 2008
10:00-12:00
A Collective Decisions4
78July 12, 2008
10:00-12:00
G Asset Pricing and Macro conditions 4
79July 12, 2008
10:00-12:00
D Debt with Frictions4
80July 12, 2008
13:15-15:15
C Dynamic Analysis of Industries4
81July 12, 2008
13:15-15:15
D Inflation risk, bond prices and monetary policy4
82July 12, 2008
13:15-15:15
K Growth and Development4
83July 12, 2008
13:15-15:15
G Taxation and Household Labor Supply: Theory and Evidence4
84July 12, 2008
13:15-15:15
J Models of Limited Commitment4
85July 12, 2008
13:15-15:15
I Idiosyncratic Risk4
86July 12, 2008
13:15-15:15
F Dynamic Mechanism Design4
87July 12, 2008
13:15-15:15
H Models of Labor Productivity4
88July 12, 2008
13:15-15:15
A Prices, wages and business cycles4
89July 12, 2008
13:15-15:15
E Housing and Asset Prices4
90July 12, 2008
13:45-15:45
B International Capital Flows 24
91July 12, 2008
15:45-17:45
A Dynamic Contracts4
92July 12, 2008
15:45-17:45
K Optimal Asset Taxation under Asymmetric Information4
93July 12, 2008
15:45-17:45
D Bubbles4
94July 12, 2008
15:45-17:45
G Health, Fertility and Economics: An Historical Perspective4
95July 12, 2008
15:45-17:45
J Monetary Policy and International Capital Flows4
96July 12, 2008
15:45-17:45
C Equity returns4
97July 12, 2008
15:45-17:45
I Employment and Productivity4
98July 12, 2008
15:45-17:45
E Labor Supply4
99July 12, 2008
15:45-17:45
F Nominal Rigidities4
100July 12, 2008
15:45-17:45
B Institutions, Policies and Growth4
101July 12, 2008
15:45-17:45
H Expectations, Communication and Monetary Policy4
102July 12, 2008
18:15-19:15
L Plenary Session: Per Krusell0
 

102 sessions, 396 papers


 

2008 Meeting of the Society for Economic Dynamics

Complete List of All Sessions


Session 1: Monetary Theory 1

Date: July 10, 2008
Time: 10:00 - 12:00
Location: C
 

House Prices and Time on the Market in Competitive Search
JEL codes: R31,D83,D40
By Antonia Díaz, Universidad Carlos III Belén Jerez, Universidad Carlos III
   Presented by: Belén Jerez, Universidad Carlos III de Madrid
 

Money, Banking, and Monetary Policy
By Ping He, Tsinghua University Lixin Huang, Georgia State University Randall Wright, University of Pennsylvania
   Presented by: Ping He, University of Illinois, Chicago
 

Monetary Policy, Price Dynamics, and Welfare
By Jonathan Chiu, Bank of Canada Miguel Molico, Bank of Canada
   Presented by: Jonathan Chiu, Bank of Canada
 

Pairwise Trade, Asset Prices and Monetary Policy
By Ed Nosal, Chicago Fed Guillaume Rocheteau
   Presented by: Ed Nosal, Federal Reserve Bank of Chicago

Session 2: Models of Policy Choices

Date: July 10, 2008
Time: 10:00 - 12:00
Location: G
 

Dynamics and Stability of Constitutions, Coalitions and Clubs
JEL codes: D71, D74, C71.
By Daron Acemoglu,MIT Georgy Egorov, Harvard Konstantin Sonin, New Economic School
   Presented by: Daron Acemoglu, Massachusetts Institute of Technology
 

Learning the Wealth of Nations
By Francisco Buera, Northwestern University Alexander Monge-Naranjo, Northwestern University Giorgio Primiceri, Northwestern University
   Presented by: Giorgio Primiceri, Northwestern University
 

Robustness and US Monetary
By Timothy Cogley, University of California Davis Riccardo Colacito, University of North Carolina Lars P. Hansen, University of Chicago Thomas J. Sargent, NYU
   Presented by: Riccardo Colacito, New York University
 

Together or Alone in Lobbying for Trade Policy
By Matilde Bombardini, University of British Columbia Francesco Trebbi, University of Chicago GSB
   Presented by: Matilde Bombardini, The University of British Columbia

Session 3: Risk and Incentives: Implications for Optimal Policies

Date: July 10, 2008
Time: 10:00 - 12:00
Location: B
 

Schedule Selection by Agents: from Price Plans to Tax Tables
JEL codes: H21, D82, D42
By Erzo F.P. Luttmer, Harvard Kennedy School and NBER Richard J. Zeckhauser, Harvard Kennedy School and NBER
   Presented by: Erzo Luttmer, Harvard University
 

Business Start-ups and Productive Efficiency
By Hakki Yazici, University of Minnesota
   Presented by: Hakki Yazici, University of Minnesota
 

Insuring College Failure Risk
By Satyajit Chatterjee, Federal Reserve Bank of Philadelphia Felicia Ionescu,Colgate University
   Presented by: Felicia Ionescu, Colgate University
 

Adverse Selection in the Annuity Market and the Role for Social Security
By Roozbeh Hosseini Univeristy of Minnesota
   Presented by: Roozbeh Hosseini, University of Minnesota

Session 4: Business Cycles

Date: July 10, 2008
Time: 10:00 - 12:00
Location: J
 

Comovement: it's not a puzzle
JEL codes: E20,E32,O41,O42
By Riccardo DiCecio, FRB of St. Louis
   Presented by: Riccardo DiCecio, Federal Reserve Bank of St. Louis
 

A Defense of RBC:Understanding the Puzzling Effects of Technology Shocks
By Pengfei Wang Hong Kong University of Science & Technology Yi Wen Federal Reserve Bank of St. Louis
   Presented by: Pengfei Wang, Hong Kong University of Science and Tech
 

Aggregate Shocks and the Variability of Industrial Production
By Andrew Foerster, Duke University Pierre-Daniel Sarte, Federal Reserve Bank of Richmond Mark Watson, Princeton University
   Presented by: Pierre-Daniel Sarte, Federal Reserve Bank of Richmond
 

Aggregate Fluctuations and the Network Structure of Intersectoral Trade
By Vasco M Carvalho University of Chicago
   Presented by: Vasco Carvalho, University of Chicago

Session 5: Search Frictions in Labor and Product Markets

Date: July 10, 2008
Time: 10:00 - 12:00
Location: K
 

Job-to-Job Quits and Corporate Culture: New Results
By Giuseppe Moscarini, Yale University
   Presented by: Giuseppe Moscarini, Yale University
 

General Equilibrium with Customer Relationships: A Dynamic Analysis of Rent-Seeking
By Robert E. Hall Stanford University
   Presented by: Robert Hall, STANFORD UNIVERSITY
 

Employment Outcomes in the Welfare State
By Chris Pissarides, London School of Economics
   Presented by: Christopher Pissarides, London School of Economics
 

A Tractable Model of Search on the Job and Aggregate Fluctuations
By Guido Menzio, University of Pennsylvania Shouyong Shi, University of Toronto
   Presented by: Guido Menzio, University of Pennsylvania

Session 6: International Trade 1

Date: July 10, 2008
Time: 10:00 - 12:00
Location: A
 

Input Sourcing and Multinational Production
JEL codes: F12, F23, L11
By Stefania Garetto, The University of Chicago
   Presented by: Stefania Garetto, The University of Chicago
 

Trade, Multinational Production, and International Risk Sharing
By Natalia Ramondo, University of Texas-Austin Veronica Rappoport, Columbia Business School
   Presented by: Veronica Rappoport, Columbia Business School
 

To Copy or not to Copy: Intellectual Property Rights, Imitation, and Trade
By Jeff Thurk, University of Texas at Austin
   Presented by: Jeff Thurk, University of Texas at Austin
 

Job Turnover and International Trade: A General Equilibrium Analysis
By George Alessandria (Federal Reserve Bank of Philadelphia) Horag Choi (University of Auckland) Alain Delacroix (UQAM) Nicolas Petrosky-Nadeau (UQAM)
   Presented by: Alain Delacroix, public

Session 7: Consumption and Income

Date: July 10, 2008
Time: 10:00 - 12:00
Location: D
 

Measuring the Welfare Gain from Personal Computers
JEL codes: E01, E21, O33
By Jeremy Greenwood, University of Pennsylvania Karen A. Kopecky, The University of Western Ontario
   Presented by: Karen Kopecky, The University of Western Ontario
 

Deconstructing Lifecycle Expenditure
By Mark Aguiar, Univerity of Rochester Erik Hurst, University of Chicago GSB
   Presented by: Mark Aguiar, University of Rochester
 

The Consumption Response to Minimum Wage Hikes
By Eric French, Chicago Fed Dan Aaronson, Chicago Fed Sumit Agarwal, Chicago Fed
   Presented by: Eric French, Federal Reserve Bank of Chicago
 

How does Household Consumption Respond to Income Shocks? Evidence and Theory
By Dirk Krueger, University of Pennsylvania Fabrizio Perri, University of Minnesota
   Presented by: Dirk Krueger, University of Pennsylvania

Session 8: Education

Date: July 10, 2008
Time: 10:00 - 12:00
Location: E
 

Cross-country Variation in Educational Attainment: Structural Change or Within Industry Skill Upgrading?
JEL codes: I2, J24
By Lutz Hendricks, Iowa State University
   Presented by: Lutz Hendricks, Iowa State University
 

Private versus Social Returns to Human Capital: Education and Economic Growth in India
By John Playforth (Harvard Law School) Matthias Schündeln (Harvard University)
   Presented by: Matthias Schündeln, Harvard University
 

The Evolution of Education: A Macroeconomic Analysis
By Diego Restuccia, University of Toronto Guillaume Vandenbroucke, University of Southern California
   Presented by: Guillaume Vandenbroucke, University of Southern California
 

A model of economic development with lumpy human capital accumulation
By Aubhik Khan Federal Reserve Bank of Philadelphia
   Presented by: Aubhik Khan, Federal Reserve Bank of Philadelphia

Session 9: Information and Complementarities

Date: July 10, 2008
Time: 10:00 - 12:00
Location: H
 

Risk-sharing and the Probability of Crises
JEL codes: E44, C72, G21
By Rodolfo G. Campos, UCLA
   Presented by: Rodolfo Campos, UCLA
 

Learning Options in Coordination Problems
By Eugen Kovac, University of Bonn Jakub Steiner, University of Edinburgh
   Presented by: Jakub Steiner, The University of Edinburgh
 

Run Equilibria in a Model of Financial Intermediation
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
 

Learning and Complementarities: Implications for Speculative Attacks
By Itay Goldstein, Department of Finance, Wharton School, University of Pennsylvania Emre Ozdenoren, Department of Economics, University of Michigan Kathy Yuan, Department of Finance, Ross School, University of Michigan
   Presented by: Emre Ozdenoren, University of Michigan

Session 10: Productivity

Date: July 10, 2008
Time: 10:00 - 12:00
Location: I
 

The Evolution of Markets and the Revolution of Industry
JEL codes: O41, N1
By Klaus Desmet, Universidad Carlos III and CEPR Stephen L. Parente, University of Illinois and CRENoS
   Presented by: Klaus Desmet, Universidad Carlos III
 

Revisiting Taiwanese Economic Growth from 1961 to 2002, Through the Lens of a Neoclassical Model
By Shu-shiuan Lu National Tsing Hua University
   Presented by: Shu-shiuan Lu, National Hsing Hua Univeresity
 

The Evolution of TFP in Latin America
By Pedro Cavalcanti Ferreira (EPGE/FGV) Samuel de Abreu Pessôa (EPGE/FGV) Fernando A. Veloso (Ibmec-RJ)
   Presented by: Fernando Veloso, Ibmec
 

Geography and Economic Productivity: The Case of 19th Century United
By James Schmitz, Federal Reserve Bank of Minneapolis Arilton Teixeira, Capixaba Research Foundation
   Presented by: Arilton Teixeira, Capixaba Research Foundation

Session 11: Asset Pricing

Session Chair: Stijn Van Nieuwerburgh, NYU Stern School of Business
Date: July 10, 2008
Time: 10:00 - 12:00
Location: F
 

Yooung, Old, Conservative and Bold: The implications of finite lives and heterogeneity for asset prices
By Nicolae Garleanu, UC Berkeley (Haas) Stavros Panageas, University of Pennsylvania (Wharton)
   Presented by: Stavros Panageas, The Wharton School - Univ. of Penn.
 

Investment-Specific Technological Change and Asset Prices
By Dimitris Papanikolaou, Kellogg School of Management
   Presented by: Dimitris Papanikolaou, Northwestern University
 

Labor Leverage, Firms Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Returns
By Francois Gourio Boston University
   Presented by: Francois Gourio, Boston University
 

IT, Corporate Payouts, and the Growing Inequality in Managerial Compensation
By Hanno Lustig, UCLA Chad Syverson, University of Chicago Stijn Van Nieuwerburgh, NYU
   Presented by: Stijn Van Nieuwerburgh, NYU Stern School of Business

Session 12: Firm Dynamics

Date: July 10, 2008
Time: 13:15 - 15:15
Location: A
 

Establishments Dynamics and Matching Frictions in Classical Competitive Equilibrium
JEL codes: E32, J63, J64
By Marcelo Veracierto, Federal Reserve Bank of Chicago
   Presented by: Marcelo Veracierto, Federal Reserve Bank of Chicago
 

Wage Determination and Firm Size Dynamics
By Bart Hobijn, Federal Reserve Bank of New York Aysegul Sahin, Federal Reserve Bank of New York
   Presented by: Bart Hobijn, Federal Reserve Bank of New York
 

Entry, Exit, and Plant-level Dynamics over the Business Cycle
By Yoonsoo Lee Federal Reserve Bank of Cleveland Toshihiko Mukoyama University of Virginia
   Presented by: Yoonsoo Lee, Federal Reserve Bank of Cleveland
 

Reorganization or Exit: Bankruptcy Decisions and Firm Dynamics
By Dean Corbae, University of Texas at Austin Pablo D'Erasmo, University of Texas at Austin
   Presented by: Dean Corbae, University of Texas at Austin

Session 13: Experimentation and Communication

Date: July 10, 2008
Time: 13:15 - 15:15
Location: H
 

Self-esteem, Moral Capital, and Wrongdoing
JEL codes: D83, K4, Z13
By Ernesto Dal Bo, Stanford University Marko Tervio, UC Berkeley
   Presented by: Ernesto Dal Bo, Graduate School of Business
 

Negatively Correlated Bandits
By Nicolas Klein, Munich Graduate School of Economics Sven Rady, Department of Economics, University of Munich
   Presented by: Nicolas Klein, University of Munich
 

Preference for Similarity and Information Collection in Groups
By Mariagiovanna Baccara (Stern, NYU) Leeat Yariv (Caltech)
   Presented by: Mariagiovanna Baccara, Stern School of Business, NYU
 

Continuous-Time Screening Contracts
By Alessandro Bonatti Yale University
   Presented by: Alessandro Bonatti, Yale University

Session 14: Political Economy

Date: July 10, 2008
Time: 13:15 - 15:15
Location: J
 

Optimal constitution design for state vs. local governments
By Marco Bassetto, Federal Reserve Bank of Chicago
   Presented by: Marco Bassetto, Federal Reserve Bank of Chicago
 

Generational Policy and the Measurement of Tax Incidence
By Juan Carlos Conesa Universitat Autonoma de Barcelona Carlos Garriga Federal Reserve Bank of St. Louis
   Presented by: Carlos Garriga, Federal Reserve Bank of St. Louis
 

Heterogeneous Labor Skills, The Median Voter and Labor Taxes
By Facundo Piguillem, University of Minnesota and Federal Reserve Bank of Minneapolis. Anderson L. Schneider, University of Minnesota and Federal Reserve Bank of Minneapolis
   Presented by: Juan Piguillem, University of Minnesota
 

The Political-Economy Role of the Social Security System in Sustaining Migration
By Edith Sand and Assaf Razin
   Presented by: Assaf Razin, Tel Aviv University

Session 15: Labor market heterogeneity and dynamics

Date: July 10, 2008
Time: 13:15 - 15:15
Location: G
 

An Equilibrium Model of Wage Dispersion with Sorting
By Rasmus Lentz University of Wisconsin Jesper Bagger University of Aarhus
   Presented by: Rasmus Lentz, University of Wisconsin-Madison
 

Matching, Sorting and Wages
By Jeremy Lise, University College London & IFS Costas Meghir, University College London & IFS Jean-Marc Robin, Paris School of Economics & UCL
   Presented by: Jeremy Lise, University College London
 

The Timing of Labor Market Expansions: New Facts and a New Hypothesis
By Giuseppe Moscarini, Yale University Fabien Postel-Vinay, University of Bristol
   Presented by: Fabien Postel-Vinay, University of Bristol
 

Industry Dynamics and Search in the Labor Market
By Espen R. Moen, Norwegian School of Management Pietro Garibaldi, University of Torino and Collegio Carlo Alberto
   Presented by: Espen Moen, Norwegian School of Management (BI)

Session 16: Human Capital and the Macroeconomy: A Potpourri

Date: July 10, 2008
Time: 13:15 - 15:15
Location: K
 

On the Job Training, Limited Commitment and Firing Costs
By V V Chari University of Minnesota and Federal Reserve Bank of Minneapolis
   Presented by: V. Chari, Federal Reserve Bank of Minneapolis
 

Cross-country Differences in Inequality and Growth Trends: The Role of Human Capital and Labor Market Policies
By Fatih Guvenen, University of Minnesota Burhanettin Kuruscu, University of Texas at Austin Serdar Ozkan, University of Pennsylvania
   Presented by: Fatih Guvenen, University of Minnesota
 

Neoclassical Miracles
By Rody Manuelli, University of Wisconsin-Madison Ananth Seshadri, University of Wisconsin-Madison
   Presented by: Ananth Seshadri, University of Wisconsin
 

Quality Ladders, Competition and Endogenous Growth
By Michele Boldrin and David K Levine, WUStL
   Presented by: Michele Boldrin, University of Minnesota

Session 17: Topics in Corporate Finance

Date: July 10, 2008
Time: 13:15 - 15:15
Location: D
 

A Calibratable Model of Optimal CEO Incentives in Market Equilibrium
JEL codes: D2, D3, G34, J3
By Alex Edmans (Wharton) Xavier Gabaix (NYU Stern) Augustin Landier (NYU Stern)
   Presented by: Alex Edmans, University of Pennsylvania
 

Dynamic agency and the q theory of investment
By Peter DeMarzo, Stanford University; Mike Fishman, Northwestern University; Zhiguo He, Northwestern University; Neng Wang, Columbia University
   Presented by: Neng Wang, Columbia Business School
 

A Model of Cross-Section of Equity Returns and Firm Dynamics
By Duke University
   Presented by: Hengjie Ai, University of Minnesota
 

DETERMINANTS OF THE BLOCK PREMIUM AND OF PRIVATE BENEFITS OF CONTROL
By Rui Albuquerque, Boston University Enrique Schroth, University of Lausanne
   Presented by: Rui Albuquerque, Boston University

Session 18: International Macro 1

Date: July 10, 2008
Time: 13:15 - 15:15
Location: E
 

Long-Run Price Elasticity of Trade Flows and the Trade Comovement Puzzle
JEL codes: E32, F41
By Lukasz Drozd University of Wisconsin Jaromir Nosal University of Minnesota
   Presented by: Lukasz Drozd, University of Wisconsin
 

Cyclical Wage Movements in Emerging Markets Compared to Developed Economies: the Role of Interest Rates
By Nan Li Department of Economics the Ohio State Universit
   Presented by: Nan Li, Ohio State University
 

Technology Shocks: Novel Implications for International Business Cycles
By Andrea Raffo Board of Governors of the Federal Reserve System
   Presented by: Andrea Raffo, Board of Governors of the Federal Reserve System
 

International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
By Charles Engel, University of Wisconsin Jian Wang, Federal Reserve Bank of Dallas
   Presented by: Jian Wang, Federal Reserve Bank of Dallas

Session 19: Human Capital and Wages

Date: July 10, 2008
Time: 13:15 - 15:15
Location: F
 

Human Capital Accumulation and Labor Market Equilibrium
JEL codes: J24, J31
By Ken Burdett - University of Pennsylvania Carlos Carrillo-Tudela - University of Leicester Melvyn Coles - University of Essex
   Presented by: Carlos Carrillo-Tudela, University of Leicester
 

The Determinants of the Wages of Immigrants
By Joseph G. Altonji, Yale University Mark R. Rosenzweig, Yale University
   Presented by: Joseph Altonji, Yale University
 

Returns to Tenure or Seniority?
By 1. Sebastian Buhai, Aarhus School of Business (Denmark) and Tinbergen Institute/Erasmus University Rotterdam (Netherlands) 2. Miguel Portela, Minho University (Portugal) 3. Coen Teulings, CPB Netherlands Bureau of Economic Policy Analysis and University of Amsterdam (Netherlands) 4. Aico van Vuuren, Free University Amsterdam (Netherlands)
   Presented by: Sebastian Buhai, Aarhus School of Business, University of Aarhus
 

Demographic Change and the Return to Experience
By Hyeok Jeong, Vanderbilt University Yong Kim, University of Southern California Iourii Manovskii, University of Pennsylvania
   Presented by: Iourii Manovskii, University of Pennsylvania

Session 20: Monetary Policy and Welfare

Date: July 10, 2008
Time: 13:15 - 15:15
Location: C
 

Welfare Costs of Inflation in a Menu Cost Model
By Christian Hellwig (UCLA), Ariel Burstein (UCLA)
   Presented by: Christian Hellwig, UCLA
 

Dynamic Taxation, Private Information and Money
By Christopher Waller University of Notre Dame
   Presented by: Christopher Waller, University of Notre Dame
 

Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
By Cesaire Meh, Bank of Canada Jose-Victor Rios-Rull, University of Minnesota Yaz Terajima, Bank of Canada
   Presented by: Yaz Terajima, Bank of Canada
 

A new model of central-bank intervention: some examples
By Alexei Deviatov, New Economic School Neil Wallace, Pennsylvania State University
   Presented by: Alexei Deviatov, New Economic School

Session 21: Bond Yields

Date: July 10, 2008
Time: 13:15 - 15:15
Location: I
 

Long-Run Inflation Risk and the Postwar Term Premium
JEL codes: E43,E44,G11,G12
By Glenn Rudebusch, Federal Reserve Bank of San Francisco Eric Swanson, Federal Reserve Bank of San Francisco
   Presented by: Eric Swanson, Federal Reserve Bank of San Francisco
 

Long Run Risks in the Term Structure of Interest Rates : Estimation
By Taeyoung Doh (Federal Reserve Bank of Kansas City)
   Presented by: Taeyoung Doh, Federal Reserve Bank of Kansas City
 

The Aggregate Demand for Treasury Debt
By Arvind Krishnamurthy, Kellogg School of Management, Northwestern University Annette Vissing-Jorgensen, Kellogg School of Management, Northwestern University
   Presented by: Annette Vissing-Jorgensen, Kellogg School of Management, Northweste
 

Robust Equilibrium Yield Curves
By Isaac Kleshchelski (Kellogg School of Management, Northwestern University) Nicolas Vincent (HEC Montréal)
   Presented by: Nicolas Vincent, HEC Montréal

Session 22: Econometric Methods

Date: July 10, 2008
Time: 13:15 - 15:15
Location: B
 

Breaks in DSGE models
JEL codes: E32, E37
By Jana Eklund, Bank of England Richard Harrison, Bank of England George Kapetanios, Queen Mary, University of London Alasdair Scott, International Monetary Fund
   Presented by: Richard Harrison, Bank of England
 

Great Moderation debate: should we be worry about using approximated policy functions?
By Arturo Ormeno (Universitat Pompeu Fabra)
   Presented by: Arturo Ormeno, Universitat Pompeu Fabra
 

Priors from Frequency-Domain Dummy Observations
By Marco Del Negro, Federal Reserve Bank of New York Francis X. Diebold, University of Pennsylvania Frank Schorfheide, University of Pennsylvania
   Presented by: Marco Del Negro, FRBNY-Research
 

Large Bayesian VARs
By Marta Bańbura, Université Libre de Bruxelles, ECARES Domenico Giannone, European Central Bank, ECARES and CEPR Lucrezia Reichlin, European Central Bank, ECARES and CEPR
   Presented by: Domenico Giannone, Université Libre de Bruxelles

Session 23: Employment Relations

Date: July 10, 2008
Time: 15:45 - 17:45
Location: J
 

Hiring through Referrals
By Manolis Galenianos, Penn State
   Presented by: Manolis Galenianos, Pennsylvania State University
 

Implications of General and Specific Productivity Growth in a Matching Model
By Junichi Fujimoto, UCLA
   Presented by: Junichi Fujimoto, The University of Tokyo
 

Commitment, advertising and efficiency of two-sided investment in competitive search equilibrium
By Adrian Masters, University at Albany, SUNY
   Presented by: Adrian Masters, State University of New York Albany
 

Labor Market Institutions and Aggregate Fluctuations in a Search and Matching Model
By Bank of England
   Presented by: Francesco Zanetti, Bank of England

Session 24: Heterogeneous beliefs and macroeconomic dynamics

Date: July 10, 2008
Time: 15:45 - 17:45
Location: A
 

Information Heterogeneity in the Macroeconomy
JEL codes: E21, E25, E32
By Ponpoje Porapakkarm, University of Virginia Eric R. Young, University of Virginia
   Presented by: Eric Young, University of Virginia
 

Incomplete Information and Informative Pricing: Theory and Application
By Giacomo Rondina University of California, San Diego
   Presented by: Giacomo Rondina, University of California, San Diego
 

Forecasting the Forecasts of Others: Implications for Asset Pricing
By Igor Makarov, London Business School Oleg Rytchkov, University of Texas at Austin
   Presented by: Oleg Rytchkov, University of Texas at Austin
 

Business Cycle Dynamics under Rational Inattention
By Mirko Wiederholt, Northwestern University Bartosz Mackowiak, European Central Bank
   Presented by: Mirko Wiederholt, Northwestern University

Session 25: Long-run Consumption Risk

Date: July 10, 2008
Time: 15:45 - 17:45
Location: E
 

Temporal Risk Aversion and Asset Prices
JEL codes: G12
By Skander J. Van den Heuvel, Univ. of Pennsylvania
   Presented by: Skander Van den Heuvel, University of Pennsylvania
 

Risk sharing for the long-run. The benefits from financial integration.
By Colacito, Riccardo. University of North Carolina at Chapel Hill. Croce, Mariano M. University of North Carolina at Chapel Hill.
   Presented by: Mariano Croce, kenan-flagler Business School, University of North Carolina at Chapel Hill
 

Housing as a Measure for the Long Run Risk in Asset Pricing
By Jose L. Fillat University of Chicago
   Presented by: Jose Fillat, University of Chicago
 

Measuring Long-Run Consumption Risk
By James Kahn, Federal Reserve Bank of New York and New York University
   Presented by: James Kahn, New York University

Session 26: Global Imbalances

Date: July 10, 2008
Time: 15:45 - 17:45
Location: D
 

A New Perspective on "The New Rule"of the Current Account
JEL codes: F32, F36, F41
By Cedric Tille Graduate Institute, Geneva, and CEPR Eric van Wincoop University of Virginia and NBER
   Presented by: Cedric Tille, Graduate Institute, Geneva
 

International Portfolios, Current Account Dynamics and Capital Accumulation
By Nicolas Coeurdacier, London Business School and CEPR Robert Kollmann, ECARES, Universite Libre de Bruxelles, University of Paris XII & CEPR
   Presented by: Robert Kollmann, Free University of Brussels
 

Why Do Foreigners Invest in the United States?
By Kristin J. Forbes MIT-Sloan School of Management
   Presented by: Kristin Forbes, MIT
 

Current Account Adjustment: Some New Theory and Evidence
By Jiandong Ju, International Monetary Fund and University of Oklahoma Shang-Jin Wei, Columbia Business School, and NBER
   Presented by: Jiandong Ju, University of Oklahoma

Session 27: Debt and Default

Date: July 10, 2008
Time: 15:45 - 17:45
Location: C
 

The Role of Information in Consumer Debt and Bankruptcy
By Juan M. Sanchez University of Rochester
   Presented by: Juan Sanchez, University of Rochester
 

The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers
By Chris Mayer, Columbia Business School Tomasz Piskorski, Columbia Business School Alexei Tchistyi, NYU Stern
   Presented by: Tomasz Piskorski, Columbia GSB
 

An empirical dynamic model of mortgage default in Colombia between 1997 and 2004
By Juan Esteban Carranza University of Wisconsin-Madison Salvador Navarro University of Wisconsin-Madison
   Presented by: Juan Esteban Carranza, University of Wisconsin-Madison
 

Subprime Outcomes: Risky Mortgages, Homeownership Experiences, and Foreclosures
By Kristopher Gerardi Boston University and FRB Boston Adam Hale Shapiro Boston University and FRB Boston Paul S. Willen FRB Boston and NBER
   Presented by: Paul Willen, Federal Reserve Bank of Boston

Session 28: Policy Potpourri

Date: July 10, 2008
Time: 15:45 - 17:45
Location: G
 

Policy with Dispersed Information
By George-Marios Angeletos, MIT Alessandro Pavan, Northwestern University
   Presented by: George-Marios Angeletos, Massachusetts Institute of Technology
 

A Positive Theory of Capital Taxation
By Emmanuel Farhi, Harvard University Ivan Werning, MIT
   Presented by: Ivan Werning, Massachusetts Institute of Technology
 

Economic and Politico-Economic Equivalence of Fiscal Policies
By Martin Gonzalez-Eiras, Universidad de San Andres Dirk Niepelt, SCG; U o Bern; IIES, SU; CEPR
   Presented by: Martin Gonzalez-Eiras, Universidad de San Andres
 

Capital Taxation with Entrepreneurial Risk
By Vasia Panousi, MIT
   Presented by: Vasia Panousi, MIT

Session 29: Fiscal and Monetary Policy

Date: July 10, 2008
Time: 15:45 - 17:45
Location: B
 

Taylor Rules Cause Fiscal Policy Ineffectiveness
JEL codes: E62, E63
By Guido Ascari University of Pavia Neil Rankin University of Warwick
   Presented by: Guido Ascari, Universita degli Studi di Pavia
 

Optimal Fiscal and Monetary Policy in Customer Markets
By David M. Arseneau, Federal Reserve Board Sanjay K. Chugh, University of Maryland
   Presented by: Sanjay Chugh, University of Maryland
 

Optimal Monetary Policy with Credit Augmented Liquidity Cycles
By University of Rome at Tor Vergata
   Presented by: Ester Faia, University of Rome Tor Vergata
 

Optimal Monetary Policy When Agents Are Learning
By Banca d'Italia, NHH
   Presented by: Krisztina Molnar, Norwegian School of Economics and Business Administration

Session 30: Theory Based Estimation

Date: July 10, 2008
Time: 15:45 - 17:45
Location: K
 

CCP Estimation of Dynamic Discrete Choice Models with Unobserved Heterogeneity
By Peter Arcidiacono, Duke Robert Miller, Carnegie Mellon
   Presented by: Peter Arcidiacono, Duke University
 

Residential Location in Israel
By Moshe Buchinsky
   Presented by: Moshe Buchinsky, UCLA
 

School Voucher Effects on Education and Labor Market Outcomes: Evidence from a Chile
By David Bravo University of Chile Sankar Mukhopadhyay - University of Nevada Petra E. Todd - University of Pennsylvania
   Presented by: Petra Todd, University of Pennsylvania
 

Understanding Corruption
By Fedirico Finan, UCLA Maurizio Mazzocco, UCLA
   Presented by: Maurizio Mazzocco, UCLA

Session 31: Topics in Economic Theory

Date: July 10, 2008
Time: 15:45 - 17:45
Location: H
 

Legal Origins and Creative Destruction
By Luca Anderlini (Georgetown), Leonardo Felli (LSE), Giovanni Immordino (University of Salerno) Alessandro Riboni (University of Montreal)
   Presented by: Alessandro Riboni, University of Montreal
 

Toward an Efficiency Rationale for the Public Provision of Private Goods
By Peter Norman (University of North Carolina) Hanming Fang (Duke)
   Presented by: Peter Norman, UNC Chapel Hill
 

Dynamic Two-Sided Communication
By Jernej Copic, UCLA Debrah Meloso, Bocconi
   Presented by: Jernej Copic, UCLA
 

The option to wait in collective decisions
By Matthias Messner, Bocconi Univ., Milan Mattias K. Polborn, Univ. of Illinois at Urbana-Champaign
   Presented by: Matthias Messner, Bocconi University

Session 32: Finance and Development

Date: July 10, 2008
Time: 15:45 - 17:45
Location: I
 

Why Has the US Financial Sector Grown So Much?
JEL codes: E2, O16, G2, G3
By NYU-Stern, NBER, CEPR
   Presented by: Thomas Philippon, Stern School of Business, New York Unive
 

Technological Transfers, Limited Commitment and Growth
By Alexandre Dmitriev University of New South Wales
   Presented by: Alexandre Dmitriev, University of New South Wales
 

Finance and Development: A Tale of Two Sectors
By Francisco J. Buera, Northwestern University Joe Kaboski, Ohio State University Yongseok Shin, UW-Madison
   Presented by: Francisco Buera, Northwestern University
 

Financial Deepening, Inflation and Economic Growth
By Aleksander Berentsen,Department of Economics, University of Basel, Switzerland Shouyong Shi,Department of Economics, University of Toronto, Canada
   Presented by: Aleksander Berentsen, University of Basel

Session 33: New Perspectives on Sovereign Debt and Default

Date: July 10, 2008
Time: 15:45 - 17:45
Location: F
 

Internal Debt Crises and Sovereign Defaults
By Cristina Arellano, University of Minnesota Narayana Kocherlakota, University of Minnesota
   Presented by: Cristina Arellano, University of Minnesota
 

Rethinking the effects of financial liberalization
By Fernando Broner (CREI and Universitat Pompeu Fabra) Jaume Ventura (CREI and Universitat Pompeu Fabra)
   Presented by: Fernando Broner, CREI and Universitat Pompeu Fabra
 

Self-fulfilling and self-enforcing debt crises
By Daniel Cohen (Paris School of Economics) Sebastien Villemot (Paris School of Economics)
   Presented by: Daniel Cohen, Paris School of Economics
 

On the cost of financial crises
By Guido Sandleris, UTDT and Johns Hopkins University Mark Wright, UCLA
   Presented by: Guido Sandleris, Johns Hopkins University and UTDT

Session 34: Plenary Session: James Poterba

Date: July 10, 2008
Time: 18:15 - 19:15
Location: L

Session 35: Unemployment Insurance

Date: July 11, 2008
Time: 10:00 - 12:00
Location: B
 

Measuring Unemployment Insurance Generosity
JEL codes: J65, J68
By Stephane Pallage (University of Quebec at Montreal) Lyle Scruggs (University of Connecticut) Christian Zimmermann (University of Connecticut)
   Presented by: Christian Zimmermann, University of Connecticut
 

Adverse Selection and Moral Hazard: Quanitative Implications for Unemployment Insurance
By David Fuller, University of Iowa
   Presented by: David Fuller, University of Iowa
 

Labor Market Cycles and Unemployment Insurance Eligibility
By Miquel Faig Mailing Address: University of Toronto, Department of Economics, Institute for Policy Analysis. Min Zhang University of Toronto, Department of Economics.
   Presented by: Min Zhang, University of Toronto
 

Unemployment Insurance and Credit Frictions
By Pontus Rendahl, University of Amsterdam
   Presented by: Pontus Rendahl, European University Institute

Session 36: International Finance

Date: July 11, 2008
Time: 10:00 - 12:00
Location: A
 

Can Long Horizon Data Beat Random Walk under Engel-West Explanation?
JEL codes: F31,F41,G12,G15
By Charles Engel, University of Wisconsin Jian Wang, Federal Reserve Bank of Dallas Jason Wu, Federal Reserve Board
   Presented by: Jason Wu, Federal Reserve Board
 

Common Risk Factors in Currency Markets
By Hanno Lustig, UCLA Nick Roussanov, Wharton Adrien Verdelhan, Boston University
   Presented by: Adrien Verdelhan, Boston University
 

Can Exchange Rates Forecast Commodity Prices?
By Yu-chin Chen (University of Washington) Kenneth Rogoff (Harvard University) Barbara Rossi (Duke University)
   Presented by: Yu-chin Chen, University of Washington
 

Exchange rate dynamics, asset market structure and the role of the trade elasticity
By Christoph Thoenissen University of St Andrews
   Presented by: Christoph Thoenissen, University of St Andrews

Session 37: Wage determination and labor market dynamics

Date: July 11, 2008
Time: 10:00 - 12:00
Location: I
 

Solving labor market matching models accurately
JEL codes: e24,c63
By Wouter den Haan, University of Amsterdam
   Presented by: Wouter den Haan, University of Amsterdam
 

A Competitive Theory of Equilibrium Mismatch
By University of California at Santa Barbara
   Presented by: Javier Birchenall, University of California, Santa Barbara
 

Why Are Wages Smoother Than Productivity? An Industry-Level Analysis
By David Lagakos, UCLA Guillermo Ordonez, UCLA
   Presented by: David Lagakos, Minneapolis Federal Reserve Bank
 

Re-interpreting the Evidence on the Effect of Implicit Contracts on the Movement of Wages over the Business Cycle
By Marcus Hagedorn, University of Zurich Iourii Manovskii, University of Pennsylvania
   Presented by: Marcus Hagedorn, University of Zurich

Session 38: Frictional Financial Markets

Date: July 11, 2008
Time: 10:00 - 12:00
Location: D
 

Decentralized trading with private information
By Guido Lorenzoni, MIT Mikhail Golosov, MIT, Aleh Tsyvinski, Harvard
   Presented by: Mikhail Golosov, MIT
 

Information Percolation
By Darrell Duffie, Stanford University Gaston Giroux, Unaffiliated Gustavo Manso, Massachusetts Institute of Technology
   Presented by: Darrell Duffie, Stanford University
 

Liquidity and Congestion
By Gara Minguez Afonso, LSE / Princeton University
   Presented by: Gara Afonso, LSE / Princeton University
 

Information Based Trade
By Philip Bond, University of Pennsylvania Hulya Eraslan, University of Pennsylvania
   Presented by: Hulya Eraslan, University of Pennsylvania

Session 39: Industry Dynamics and Asset Returns

Date: July 11, 2008
Time: 10:00 - 12:00
Location: E
 

Exit Options and Dividend Policy under Liquidity Constraints
JEL codes: d81,d92
By Pauli Murto (Helsinki School of Economics) Marko Terviö (UC Berkeley)
   Presented by: Pauli Murto, Helsinki School of Economics
 

Volatility convergence among private and public firms: predictions from an industry dynamics model
By Galina Vereshchagina, Arizona State University
   Presented by: Galina Vereshchagina, Arizona State University
 

The Timing and Returns of Mergers and Acquisitions in Oligopolistic Industries
By Dirk Hackbarth (Washington University) Jianjun Miao (Boston University)
   Presented by: Dirk Hackbarth, Olin School of Business
 

Optimal CEO Incentives and Industry Dynamics
By Antonio Falato, Federal Reserve Board Dalida Kadyrzhanova, University of Maryland
   Presented by: Antonio Falato, Federal Reserve Board

Session 40: Dynamic Communication and Mechanism Design

Date: July 11, 2008
Time: 10:00 - 12:00
Location: C
 

Strategic Communication with Lying Costs
JEL codes: C7
By Navin Kartik, UCSD
   Presented by: Navin Kartik, University of California San Diego
 

The Interplay Between Incentives and Communication Complexity in Mechanism Design
By Van Zandt, Timothy INSEAD
   Presented by: Timothy Van Zandt, INSEAD
 

Wait and See
By Peter Eso, Kellogg School of Management, Northwestern University Yuk-fai Fong, Kellogg School of Management, Northwestern University
   Presented by: Peter Eso, Kellogg School, Northwestern University
 

Dividing and Discarding A Procedure for Taking Decisions with Non-transferable Utility
By Carrasco, Vinicius - PUC RIO William Fuchs University of Chicago
   Presented by: William Fuchs, University of Chicago

Session 41: International Trade 2

Session JEL code: F1
Date: July 11, 2008
Time: 10:00 - 12:00
Location: F
 

Labor Market Rigidities, Trade and Unemployment
JEL codes: F12, F16, J64
By Elhanan Helpman, Harvard University and CIFAR Oleg Itskhoki, Harvard University
   Presented by: Oleg Itskhoki, Harvard University
 

Uncertainty and entry into export markets
By Rubén Segura-Cayuela, Banco de España Josep M Vilarrubia, Banco de España
   Presented by: Ruben Segura-Cayuela, Bank of Spain
 

Matching and Inequality in the World Economy
By Arnaud Costinot, University of CA - San Diego Jonathan Vogel, University of CA - Los Angeles
   Presented by: Jonathan Vogel, UCLA
 

A Theory of Foreign Influence
By Pol Antras, Harvard University Gerard Padró i Miquel, LSE
   Presented by: Pol Antras,

Session 42: Education, Human Capital, and Unobservable Heterogeneity

Date: July 11, 2008
Time: 10:00 - 12:00
Location: G
 

An Empirical Framework for Large-Scale Policy Analysis, with an Application to School Finance Reform in Michigan
JEL codes: C52, I22, H73
By Maria Marta Ferreyra Carnegie Mellon University
   Presented by: Maria Ferreyra, Carnegie Mellon University
 

How have the Returns to Schooling and Work Experience Changed over the Last 40 Years? Evidence from Panel Data
By Marigee Bacolod, UC-Irvine V. Joseph Hotz, Duke University Marc Luppino, UCLA Douglas McKee, University of Pennsylvania
   Presented by: V. Hotz, Duke University
 

Estimating a Dynamic Adverse-Selection Model: Labor-Force Experience and the Changing Gender Earnings Gap 1968-93.
By George-Levi Gayle, Carnegie Mellon Limor Golan, Carnegie Mellon
   Presented by: Limor Golan, Carnegie Mellon U.
 

Identifying and testing testing generalized models of moral hazard of managerial compensation
By George-Levi Gayle Robert A. Miller Carnegie Mellon University
   Presented by: Robert Miller, Carnegie Mellon University

Session 43: Investment

Date: July 11, 2008
Time: 10:00 - 12:00
Location: J
 

Fixed Costs and Long-Lived Investments
By Christopher House, University of Michigan and NBER
   Presented by: Christopher House, University of Michigan
 

Accounting for Low Frequency Variation in Tobin's q
By Chris Telmer, Carnegie Mellon University Iulian Obreja, University of Colorado
   Presented by: Christopher Telmer, Carnegie Mellon University
 

Holdups and Overinvestment in Physical Capital Markets with Matching Frictions
By Andre Kurmann (Universite du Quebec a Montreal)
   Presented by: Andre Kurmann, UQAM
 

US Investment 1901-2005: Incumbents, Entrants, and Q
By Boyan Jovanovic, New York University Peter L. Rousseau, Vanderbilt University
   Presented by: Peter Rousseau, Vanderbilt University

Session 44: Monetary Theory and Policy

Date: July 11, 2008
Time: 10:00 - 12:00
Location: K
 

Liquidity, Business Cycles, and Monetary Policy
By Nobuhiro Kiyotaki Princeton University John Moore Edinburgh University and LSE
   Presented by: Nobuhiro Kiyotaki,
 

Financial Factors in Business Cycles
By Lawrence J. Christiano, Northwestern University Roberto Motto, European Central Bank Massimo Rostagno, European Central Bank
   Presented by: Lawrence Christiano, Northwestern University
 

Are Central Banks' Projections Meaningful?
By Jordi Galí, CREI
   Presented by: Jordi Gali, CREI
 

Inflation and Unemployment in the Long Run
By Aleksander Berentsen, University of Basel Guido Menzio, University of Pennsylvania Randall Wright, University of Pennsylvania
   Presented by: Randall Wright, University of Pennsylvania

Session 45: Health, Disease and Development

Date: July 11, 2008
Time: 10:00 - 12:00
Location: H
 

Syphilis Cycles
JEL codes: D1, I1
By David Aadland, Department of Economics and Finance, University of Wyoming David Finnoff, Department of Economics and Finance, University of Wyoming
   Presented by: David Aadland, University of Wyoming
 

Aggregate Effect of AIDS on Development
By Raul Santaeulalia-Llopis University of Pennsylvania
   Presented by: Raul Santaeulalia-Llopis, University of Pennsylvania
 

DISEASES AND DEVELOPMENT: A Theory of Infection Dynamics and Economic Behavior
By Shankha Chakraborty (University of Oregon) Chris Papageorgiou (IMF, Research) Fidel Perez-Sebastian (University of Alicante)
   Presented by: Chris Papageorgiou, IMF
 

Life Expectancy and the Wealth of Nations
By Marla Ripoll, University of Pittsburgh Juan Carlos Cordoba, Rice University
   Presented by: Marla Ripoll, University of Pittsburgh

Session 46: Liquidity and payments

Session Chair: Guillaume Rocheteau, Federal Reserve Bank of Cleveland
Date: July 11, 2008
Time: 13:15 - 15:15
Location: C
 

Public Information and Monetary Policy
JEL codes: E5
By Marie Hoerova, ECB Cyril Monnet, FRB Philadelphia Ted Temzelides, University of Pittsburgh
   Presented by: Marie Hoerova, European Central Bank
 

Optimal Fragile Financial Networks
By Fabio Castiglionesi, CentER and Tilburg University. Noemi Navarro Prada, University of Malaga
   Presented by: Fabio Castiglionesi, Tilburg University
 

Learning from Prices: Public Communication and Welfare
By Manuel Amador (Stanford) and Pierre Olivier Weill (UCLA)
   Presented by: Pierre-Olivier Weill, University of California, Los Angeles
 

Money and competing assets under private information
By National University of Singapore Federal Reserve Bank of Cleveland
   Presented by: Guillaume Rocheteau, Federal Reserve Bank of Cleveland

Session 47: Policy jamboree

Date: July 11, 2008
Time: 13:15 - 15:15
Location: B
 

The macroeconomics of fiscal consolidations in a Monetary Union: the case of Italy
JEL codes: E6, E62
By Lorenzo Forni, Bank of Italy Andrea Gerali, Bank of Italy Massimiliano Pisani, Bank of Italy
   Presented by: Lorenzo Forni, Bank of Italy
 

Can Policy influence culture? Minimum Wage and the Quality of Labor relations
By Philippe Aghion: Harvard University Yann Algan: Paris School of Economics Pierre Cahuc: Ecole Polytechnique
   Presented by: yann algan, Paris School of Economics
 

Private Incentives versus Class Interests: A Theory of Optimal Institutions with An Application to Growth
By Levon Barseghyan, Cornell University Ani Guerdjikova, Cornell University
   Presented by: Levon Barseghyan, Cornell University
 

Dictators and Oligarchs: A Dynamic Theory of Contested Property Rights
By Sergei Guriev, New Economic School Konstantin Sonin, New Economic School
   Presented by: Konstantin Sonin, New Economic School

Session 48: Income Volatility

Date: July 11, 2008
Time: 13:15 - 15:15
Location: J
 

Changes in the Distribution of Income Volatility
JEL codes: D31
By Shore, Stephen: Johns Hopkins University Jensen, Shane: Wharton School
   Presented by: Stephen Shore, Johns Hopkins University
 

Sources of Earnings Instability: Estimates from an On-the-Job Search Model of the U.S. Labor Market
By Luca Flabbi, Georgetown University Marco Leonardi, University of Milan
   Presented by: Luca Flabbi, Georgetown University
 

HIP or RIP? Testing the Heterogeneous and Restricted Models of Labor Income Profiles
By Dmytro Hryshko, University of Alberta
   Presented by: Dmytro Hryshko, University of Alberta
 

A Nonlinear Filtering Application to the Stochastic Volatility of Labor Income Across Schooling Groups
By Flavio Cunha, University of Pennsylvania
   Presented by: Flavio Cunha, University of Pennsylvania

Session 49: Household Decisions

Date: July 11, 2008
Time: 13:15 - 15:15
Location: K
 

Assessing the Impact of Public Transfers on Private Risk Sharing Arrangements: Evidence from a Randomized Experiment in Mexico
JEL codes: H31,I38,D31,E21
By Aldo Colussi, University of Western Ontario Marina Pavan, The Geary Institute, University College Dublin
   Presented by: Marina Pavan, University College Dublin
 

Child Support Enforcement and Children's Consumption
By Christine Hauser, Collegio Carlo Alberto and CHILD
   Presented by: Christine Hauser, University of Rochester
 

Dynamic Complementarities: A Computational and Empirical Analysis of Couples' Retirement Decisions
By Maria Casanova-Rivas, University College London
   Presented by: Maria Casanova, UCL and IFS
 

An Empirical Model of Intra-household Allocations and the Marriage Market
By Eugene Choo, University of Calgary Shannon Seitz, Boston College and Queen's University Aloysius Siow, University of Toronto
   Presented by: Shannon Seitz, Boston College

Session 50: Markets and Mechanisms

Date: July 11, 2008
Time: 13:15 - 15:15
Location: E
 

Prices as Optimal Competitive Sales Mechanisms
JEL codes: C78, D02, J64
By Jan Eeckhout, University of Pennsylvania Philipp Kircher, University of Pennsylvania
   Presented by: Philipp Kircher, University of Pennsylvania
 

Buyer heterogeneity and competing mechanism
By Gabor Virag, Univ. of Rochester, Econ. Dept.
   Presented by: Gabor Virag, University of Rochester
 

When Less Information is Good for Efficiency: Private Information in Bilateral Trade and in Markets
By Stephan Lauermann
   Presented by: Stephan Lauermann, University of Michigan
 

Retrading in Competitive Equilibria with Adverse Selection
By Pamela Labadie Dept. of Economics George Washington University
   Presented by: Pamela Labadie, George Washington University

Session 51: Demographics and Development

Date: July 11, 2008
Time: 13:15 - 15:15
Location: I
 

Does growth discriminates against older workers?
JEL codes: J14, J24, E24
By LANGOT François University of Le Mans (GAINS-TEPP) Cepremap PSE Paris-Jourdan Moreno-Galbis Eva University of Le Mans (GAINS TEPP) Cepremap
   Presented by: françois langot, cepremap
 

The Child is Father of the Man: Implications for the Demographic Transition
By David de la Croix, CORE Omar Licandro, IUE
   Presented by: David de la Croix, Univ cath Louvain
 

Missing Markets, Property Rights and Efficient Fertility
By Alice Schoonbroodt, University of Southampton Michele Tertilt, Stanford University
   Presented by: Alice Schoonbroodt, University of Southampton
 

Pacifying monogamy: the mystery revisited
By Nils-Petter Lagerlöf, York University
   Presented by: Nils-Petter Lagerlöf, York University

Session 52: International Prices

Date: July 11, 2008
Time: 13:15 - 15:15
Location: G
 

State-dependent pricing, Variable Mark-ups and Pass-through
JEL codes: F4
By Gita Gopinath, Harvard and NBER Oleg Itskhoki, Harvard
   Presented by: Gita Gopinath, Harvard University
 

The High Correlations of Prices and Ineterst Rates across Nations
By Espen Henriksen, University of Oslo Finn Kydland, University of California--Santa Barbara Roman Sustek, Bank of England
   Presented by: Roman Sustek, Bank of England
 

Bilateral Trade, Relative Prices, and Trade Costs
By Michael Waugh The University of Iowa
   Presented by: Michael Waugh, University of Iowa
 

Product-Level and Aggregate Real Exchange Rates
By Ariel Burstein (UCLA) Nir Jaimovich (Stanford)
   Presented by: Ariel Burstein, UCLA

Session 53: Repeated and Dynamic Games

Date: July 11, 2008
Time: 13:15 - 15:15
Location: D
 

A Theory of Regular Markov Perfect Equilibria\\in Dynamic Stochastic Games: Genericity, Stability, and Purification
JEL codes: C73, C61, C62
By Ulrich Doraszelski, Harvard Juan Escobar, Stanford
   Presented by: Juan Escobar, Stanford
 

Matching, Repeated Game and Aspiration
By In-Koo Cho (University of Illinois) Akihiko Matsui (University of Tokyo)
   Presented by: In-Koo Cho, University of Illinois
 

Cooperation and Collective Enforcement in Networked Societies
By Nageeb Ali, UCSD David Miller, UCSD
   Presented by: David Miller, University of California, San Diego
 

How Robust is the Folk Theorem with Imperfect
By Johannes Horner, Northwestern University Wojciech Olszewski, Northwestern University
   Presented by: Johannes Horner, Northwestern University,

Session 54: Topics in Industrial Organization

Date: July 11, 2008
Time: 13:15 - 15:15
Location: A
 

Estimating Production Functions with Heterogeneous Firms
By Amit Gandhi (University of Wisconsin-Madison) Salvador Navarro (University of Wisconsin-Madison) David Rivers (University of Wisconsin-Madison)
   Presented by: Amit Gandhi, University of Wisconsin
 

Research and Development, Profits and Firm Value: A Stuctural Estimation
By Missaka Warusawitharana, Board of Governors of the Federal Reserve
   Presented by: Missaka Warusawitharana, Board of Governors ofthe Federal Reserve
 

Market Structure and the diffusion of electronic banking
By Jean-Francois Houde, University of Wisconsin-Madison Jason Allen, Bank of Canada Robert Clark, HEC Montreal
   Presented by: Jean-François Houde, University of Wisconsin-Madison
 

Plant Size and Plant Function
By Thomas J. Holmes, University of Minnesota and Federal Reserve Bank of Minneapolis John J. Stevens, Board of Governors
   Presented by: Thomas Holmes, University of Minnesota

Session 55: Sovereign Debt Renegotiation

Date: July 11, 2008
Time: 13:15 - 15:15
Location: H
 

Recovery Before Redemption
By David Benjamin, University of Southampton Mark Wright, UCLA
   Presented by: David Benjamin, University of Southampton
 

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

Government Reputation and Debt Repayment in Emerging Economies
By Pablo D'Erasmo, University of Texas at Austin
   Presented by: Pablo D'Erasmo, University of Texas at Austin
 

"Beneficial" Delays in Debt Restructuring Negotiations
By Ran Bi, Research Department, International Monetary Fund
   Presented by: Ran Bi, International Monetary Fund

Session 56: Consumption, Savings, and Portfolio Choice

Date: July 11, 2008
Time: 13:15 - 15:15
Location: F
 

Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets
JEL codes: D14, G11, I10
By Motohiro Yogo, University of Pennsylvania
   Presented by: Motohiro Yogo, University of Pennsylvania
 

Portfolio Choice with Capital Gain Taxation and the Limited Use of Losses
By Paul Ehling, BI-Oslo Michael Gallmeyer, Texas A&M University Sanjay Srivastava, Georgia State Stathis Tompaidis, University of Texas-Austin
   Presented by: Michael Gallmeyer, Texas A&M University
 

Risk-sensitive Consumption and Savings under Rational Inattention
By Yulei Luo, University of Hong Kong Eric R. Young, University of Virginia
   Presented by: Yulei Luo, University of Hong Kong
 

The Rigidity of Choice. Lifetime savings with information-processing limits
By Antonella Tutino Princeton University
   Presented by: Antonella Tutino, Princeton University

Session 57: Topics in Economic Theory: Equilibrium and Efficiency

Date: July 11, 2008
Time: 15:45 - 17:45
Location: B
 

Intergenerational equity and the discount rate for cost-benefit analysis
JEL codes: D31, D61, H43
By JEAN-FRANCOIS MERTENS, CORE, UCL, Belgium ANNA RUBINCHIK, University of Colorado at Boulder, USA
   Presented by: Anna Rubinchik, University of Colorado at Boulder
 

Isotone recursive methods for Stationary Markov Equilibra in OLG models with stochastic nonclassical production
By Olivier Morand, University of Connecticut Kevin Reffett, Arizona State University
   Presented by: Olivier Morand, University of Connecticut
 

Ambiguity and rational expectations equilibria
By Scott Condie, Brigham Young University Jayant V Ganguli, Cornell University
   Presented by: Scott Condie, Brigham Young University
 

When Does Determinacy Imply Expectational Stability?
By James Bullard, Federal Reserve Bank of St. Louis Stefano Eusepi, Federal Reserve Bank of New York
   Presented by: Stefano Eusepi, Fedral Reserve Bank of New York

Session 58: Economic Disasters: Might they explain Stock, Bonds and Currency Prices?

Date: July 11, 2008
Time: 15:45 - 17:45
Location: G
 

Crises and Recoveries in an Empirical Model of Consumption Disasters
By Robert Barro, Harvard University Emi Nakamura, Columbia University Jon Steinsson, Columbia University Jose Ursua, Harvard University
   Presented by: Jon Steinsson, Columbia University
 

Can Rare Events Explain the Equity Premium Puzzle?
By Christian Julliard, Department of Economics, London School of Economics. Anisha Ghosh, Department of Economics, London School of Economics.
   Presented by: Christian Julliard, London School of Economics
 

Rare Disasters and Exchange Rates
By Emmanuel Farhi, Harvard and NBER
   Presented by: Emmanuel Farhi, Harvard
 

Can time-varying risk of rare disasters explain aggregate stock market volatility?
By Jessica Wachter, University of Pennsylvania
   Presented by: Jessica Wachter, The Wharton School

Session 59: Monetary Theory 2

Date: July 11, 2008
Time: 15:45 - 17:45
Location: I
 

Monetary Shocks in a Spatial Overlapping Generations Model
JEL codes: E40
By Niels Anthonisen, Mount Allison University
   Presented by: Niels Anthonisen,
 

Money and Credit with Limited Commitment
By Daniel Sanches, Washington University in St. Louis Stephen Williamson, Washington University in St. Louis
   Presented by: Stephen Williamson, Washington University in St. Louis
 

A Model of Small Change Shortages
By Angela Redish University of British Columbia Warren E. Weber Federal Reserve Bank of Minneapolis
   Presented by: Warren Weber, Federal Reserve Bank of Minneapolis
 

The Optimal Inflation Target in an Economy with Limited Enforcement
By Gaetano Antinolfi (Washington University) Costas Azariadis (Washington University) James Bullard (Federal Reserve Bank of St. Louis)
   Presented by: Gaetano Antinolfi, Washington University

Session 60: Dynamic Financial Contracts

Date: July 11, 2008
Time: 15:45 - 17:45
Location: A
 

Information Asymmetries and an Endogenous Productivity Reversion Mechanism
JEL codes: E32, E44, D24
By Oksana Leukhina (University of North Carolina) Nicolas Figueroa (CEA-DII, Universidad de Chile)
   Presented by: Oksana Leukhina, UNC - Chapel Hill
 

Equity Financing
By Alexis Anagnostopoulos, SUNY Stony Brook Eva Carceles-Poveda, SUNY Stony Brook and IAE Albert Marcet, IAE
   Presented by: Alexis Anagnostopoulos, Stony Brook University
 

Stochastic House Appreciation and Optimal Mortgage Lending
By Tomasz Piskorski, Columbia Business School Alexei Tchistyi, NYU Stern
   Presented by: Alexei Tchistyi, Stern School of Business
 

Limited Commitment, Firm Dynamics and Aggregate Fluctuations
By Northwestern University
   Presented by: Alexander Monge-Naranjo, Northwestern University

Session 61: New Perspectives on the Great Moderation

Date: July 11, 2008
Time: 15:45 - 17:45
Location: J
 

Volatility Cycles of Output and Inflation: A Good Shock, Bad Shock Story
JEL codes: E13, E32, E44
By Szilard Benk Hungarian National Bank Max Gillman Cardiff Business School Michal Kejak CERGE-EI
   Presented by: Max Gillman, Cardiff Business School
 

Understanding the international great moderation
By Fabrizio Perri University of Minnesota and Minneapolis FED Vincenzo Quadrini University of Southern California
   Presented by: Fabrizio Perri, University of Minnesota
 

Productivity, Energy Prices and the Great Moderation: A New Link
By Rajeev Dhawan, Georgia State University Karsten Jeske, Federal Reserve Bank of Atlanta Pedro Silos, Federal Reserve Bank of Atlanta
   Presented by: Karsten Jeske, Federal Reserve Bank of Atlanta
 

Household Volatility, Household Debt and the Great Moderation
By Matteo Iacoviello, Boston College Marina Pavan, The Geary Institute, University College Dublin
   Presented by: Matteo Iacoviello, Boston College

Session 62: International Trade 3

Date: July 11, 2008
Time: 15:45 - 17:45
Location: E
 

Trade liberalization growth and productivity
JEL codes: F1, F43
By Claustre Bajona, Ryerson University Mark J. Gibson, Washington State University Timothy J. Kehoe, University of Minnesota, Federal Reserve Bank of Minneapolis, and NBER Kim J. Ruhl, University of Texas at Austin
   Presented by: Claustre Bajona, Ryerson University
 

Trade and Prices with Heterogeneous Firms
By Robert Johnson, UC Berkeley
   Presented by: Robert Johnson, University of California, Berkeley
 

Market Penetration Costs and Trade Dynamics
By Costas Arkolakis, Yale University
   Presented by: Costas Arkolakis, Yale University
 

A Balls-and-Bins Model of Trade
By Roc Armenter, Federal Reserve Bank of New York Miklos Koren, Princeton University
   Presented by: Roc Armenter, Federal Reserve Bank of New York

Session 63: Consumer Credit

Date: July 11, 2008
Time: 15:45 - 17:45
Location: K
 

A Quantitative Theory of Information and Unsecured Credit
JEL codes: d82,d91,e21
By Kartik Athreya Federal Reserve Bank of Richmond Xuan Tam University of Virginia Eric Young University of Virginia
   Presented by: Kartik Athreya, Federal Reserve Bank of Richmond
 

The Age of Reason: Financial Decisions Over the Lifecycle
By Sumit Agarwal, Chicago Federal Reserve Bank John C. Driscoll, Federal Reserve Board Xavier Gabaix, New York University David Laibson, Harvard University
   Presented by: David Laibson, Harvard University
 

Competing for Customers: A Search Model of the Market for Unsecured Credit
By Lukasz A. Drozd, University of Wisconsin - Madison Jaromir B. Nosal, University of Minnesota
   Presented by: Jaromir Nosal, University of Minnesota
 

Costly Contracts and Consumer Credit
By Michele Tertilt, Stanford Igor Livshits, University of Western Ontario Jim MacGee, University of Western Ontario
   Presented by: Michele Tertilt, Stanford University

Session 64: Innovation and Competition

Date: July 11, 2008
Time: 15:45 - 17:45
Location: D
 

Economics of Patent Pools When Some (But Not All) Patents Are Essential
JEL codes: D43, L13, L41
By Daniel Quint, University of Wisconsin - Madison
   Presented by: Daniel Quint, University of Wisconsin - Madison
 

Financially Constrained Innovation, Patent Protection, and Industry Dynamics
By Gerard Llobet, CEMFI Javier Suarez, CEMFI, CEPR, and ECGI
   Presented by: Gerard Llobet, CEMFI
 

Does Competition Spur Productivity? Evidence From U.S.Cement Manufacturing in the 20th Century
By Timothy Dunne, Federal Reserve Bank of Cleveland Shawn Klimek, U.S. Bureau of the Census James Schmitz, Federal Reserve Bank of Minneapolis
   Presented by: James Schmitz, Federal Reserve Bank of Minneapolis
 

Entrepreneurship, Teamwork and the Commercialization of Ideas
By Thomas Astebro, University of Toronto Carlos J. Serrano, University of Toronto and NBER
   Presented by: Carlos Serrano, University of Toronto

Session 65: Education and Labor Supply

Date: July 11, 2008
Time: 15:45 - 17:45
Location: F
 

College Enrollment, Dropouts and Option Value of Education
JEL codes: J24
By Ali Ozdagli, The University of Chicago Nicholas Trachter, The University of Chicago
   Presented by: Ali Ozdagli, University of Chicago
 

Skill Formation and Career Dynamics
By Shintaro Yamaguchi McMaster University
   Presented by: Shintaro Yamaguchi, McMaster University
 

An Economic Theory of Intergenerational Coresidence
By Alessandra Fogli Federal Reserve Bank of Minneapolis
   Presented by: Alessandra Fogli, NYU and Minneapolis Fed
 

Equilibrium Effects of Education Policies: a Quantitative Evaluation
By Giovanni Gallipoli, University of British Columbia Costas Meghir, University College London and IFS Giovanni L. Violante, New York University,CEPR,NBER
   Presented by: Giovanni Gallipoli, University of British Columbia

Session 66: Dynamic Political Economy Models

Date: July 11, 2008
Time: 15:45 - 17:45
Location: H
 

The Use of Concessions in Forestalling War
JEL codes: C73, F51, P48
By Pierre Yared, Columbia University
   Presented by: Pierre Yared, Columbia
 

On the ``Faustian Dynamics" of Policy and Political Power
By Jinhui Bai, Georgetown University Roger Lagunoff, Georgetown University
   Presented by: Jinhui Bai, Georgetown University
 

Political Economy in a Contestable Democracy: The Case of Dividend Taxation
By Anton Korinek, University of Maryland Joseph E. Stiglitz, Columbia University
   Presented by: Anton Korinek, University of Maryland
 

Endogenous Limits on Proposal Power
By Daniel Diermeier, Northwestern University Pohan Fong, Northwestern University
   Presented by: Pohan Fong, Northwestern University

Session 67: Women in the Labor Market

Date: July 11, 2008
Time: 15:45 - 17:45
Location: C
 

The Output Cost of Gender Discrimination: A Model-Based Macroeconomic Estimate
JEL codes: E0, J1, O1
By Tiago Cavalcanti, Faculty of Economics, University of Cambridge Jose Tavares, Faculdade de Economia, Universidade Nova de Lisboa
   Presented by: José Tavares, Universidade Nova de Lisboa
 

Should daycare be subsidized?
By David Domeij, Handelshögskolan i Stockholm Paul Klein, University of Western Ontario
   Presented by: Paul Klein,
 

Household Technology: Was it the Engine of Liberation?}
By Emanuela Cardia Universite de Montreal
   Presented by: Emanuela Cardia, universite de montreal
 

The Effect of Household Appliances on Female Labor Force Participation: Evidence from Micro Data
By Daniele Coen-Pirani (Carnegie Mellon University) Alexis Leon (University of Pittsburgh) Steven Lugauer (Carnegie Mellon University)
   Presented by: Daniele Coen-Pirani, Carnegie Mellon University

Session 68: Plenary Session: Jose Scheinkman

Date: July 11, 2008
Time: 18:15 - 19:15
Location: L

Session 69: Business Cycles 2

Date: July 12, 2008
Time: 10:00 - 12:00
Location: B
 

The Finnish Depression: From Russia with love
JEL codes: E32, F41, P2.
By Yuriy Gorodnichenko, UC Berkeley Enrique Mendoza, University of Maryland Linda Tesar, University of Michigan
   Presented by: Yuriy Gorodnichenko, University of Michigan, UC Berkeley
 

Market Imperfections and Endogenous Fluctuations
By Teresa Lloyd-Braga, Universidade Católica Portuguesa, FCEE, Lisbon and CEPR Leonor Modesto, Universidade Católica Porttuguesa, FCEE, Lisbon and IZA Thomas Seegmuller, Paris School of Economics and CNRS
   Presented by: Teresa Lloyd-Braga, Universidade Católica Portuguesa
 

Introducing Financial Frictions and Unemployment into a Small Open Economy Model
By Lawrence J. Christiano, Northwestern University Mathias Trabandt, Sveriges Riksbank Karl Walentin, Sveriges Riksbank
   Presented by: Karl Walentin, Sveriges Riksbank (Bank of Sweden)
 

Misperceptions, heterogeneous expectations and macroeconomic dynamics
By Richard Harrison, Bank of England Tim Taylor, Bank of England
   Presented by: Tim Taylor, Bank of England

Session 70: Search models of labor markets

Date: July 12, 2008
Time: 10:00 - 12:00
Location: C
 

Credit, Vacancies and Unemployment Fluctuations
JEL codes: E32 J63 J64 E44
By Nicolas Petrosky-Nadeau UQAM
   Presented by: Nicolas Petrosky-Nadeau, Universite du Quebec a Montreal
 

Endogenous, State-Dependent Matching with Implications for the Cyclical Behavior of Unemployment
By Benjamin Lester, University of Western Ontario
   Presented by: Ben Lester, University of Western Ontario
 

Exogenous vs. Endogenous Separation
By Garey Ramey, UC San Diego
   Presented by: Garey Ramey, UC San Diego
 

On-the-Job Search and Business Cycles
By Guido Menzio, University of Pennsylvania Shouyong Shi, University of Toronto
   Presented by: Shouyong Shi, University of Toronto

Session 71: Advances in the Econometrics of Dynamic Models

Date: July 12, 2008
Time: 10:00 - 12:00
Location: F
 

Likelihood Estimation of DSGE Models with Epstein-Zin Preferences
By Jesus Fernandez-Villaverde, University of Pennsylvania Jules H. van Binsbergen, Duke University, Ralph S.J. Koijen, New York University and Tilburg University Juan F. Rubio-Ramírez, Duke University and Federal Reserve Bank of Atlanta.
   Presented by: Jesus Fernandez-Villaverde, University of Pennsylvania
 

Insights from an Estimated Search-Based Monetary Model with Nominal Rigidities
By S. Boragan Aruoba, University of Maryland Frank Schorfheide, University of Pennsylvania
   Presented by: S. Boragan Aruoba, University of Maryland
 

What you match does matter: The effect of observables on DSGE
By Pablo A. Guerron-Quintana, North Carolina State University
   Presented by: Pablo Guerron-Quintana, North Carolina State University
 

Empirical Content of a Continuous-Time Principal-Agent Model
By Denis Nekipelov, Duke University
   Presented by: Denis Nekipelov, Duke University

Session 72: Organizations and Growth

Session JEL code: O4
Date: July 12, 2008
Time: 10:00 - 12:00
Location: K
 

Organizing Growth
JEL codes: D23, E32, L23
By Luis Garicano, LSE Esteban Rossi-Hansberg, Princeton University
   Presented by: Esteban Rossi-Hansberg, Princeton University
 

MEASURING AND EXPLAINING DECENTRALIZATION ACROSS FIRMS AND COUNTRIES
By Nick Bloom (Stanford) Raffaella Sadun (London School of Economics) John Van Reenen (London School of Economics)
   Presented by: Nick Bloom, Stanford & CEP
 

Span of Control in Production Hierarchies
By Jan Eeckhout, University of Pennsylvania Roberto Pinheiro, University of Pennsylvania
   Presented by: Jan Eeckhout, University of Pennsylvania
 

Delegation and R&D Incentives: Theory and Evidence from Italy
By Jakub Kastl (Stanford U.), David Martimort (IDEI CREMAQ) and Salvatore Piccolo (University of Naples)
   Presented by: Jakub Kastl, Stanford University

Session 73: Information in Financial Markets

Date: July 12, 2008
Time: 10:00 - 12:00
Location: E
 

Advance Information and Asset Prices
JEL codes: G11, G12, G14
By Rui Albuquerque, Boston University Jianjun Miao, Boston University
   Presented by: Jianjun Miao, Boston University
 

Gone Shopping: A Theory of Ratings Inflation
By Vasiliki Skreta, NYU, Stern School of Business Laura Veldkamp, NYU, Stern School of Business
   Presented by: Vasiliki Skreta, New York University
 

Incentives for Information Production in Markets where Prices Affect Real Investment
By James Dow, London Business School Itay Goldstein, University of Pennsylvania Alexander Guembel, University of Oxford
   Presented by: Itay Goldstein, University of Pennsylvania
 

Speculative Dynamics
By Dan Bernhardt, University of Illinois Peter Seiler, Honeywell Corporation Bart Taub, University of Illinois
   Presented by: Bart Taub, University of Illinois, Urbana-Champaign

Session 74: Fiscal Policy and Business Cycles

Date: July 12, 2008
Time: 10:00 - 12:00
Location: H
 

The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence
JEL codes: E20, E32, E62
By Karel Mertens, Cornell University Morten O. Ravn, European University Institute
   Presented by: Morten Ravn, European University Institute
 

Fiscal Foresight: Analytical Issues
By Eric M. Leeper Indiana University Todd B. Walker Indiana University Shu-Chun Susan Yang Academia Sinica
   Presented by: Todd Walker, Indiana University
 

Starving the Leviathan: a dynamic analysis of Balanced Budget Rules
By Azzimonti, M. (U of Texas - Austin) Battaglini, M. (Princeton) Coate, S. (Cornell)
   Presented by: Marina Azzimonti Renzo, University of Texas - Austin
 

Cyclical Macro Policy and Industry Growth: The effect of counter-cyclical fiscal policy
By Philippe Aghion, Harvard University Enisse Kharroubi, Banque de France
   Presented by: Enisse KHARROUBI, Banque de France

Session 75: Topics in International Macro

Date: July 12, 2008
Time: 10:00 - 12:00
Location: C
 

Trade-revealed TFP
JEL codes: D24, F10, O40
By Andrea Finicelli, Bank of Italy Massimo Sbracia, Bank of Italy Patrizio Pagano, Bank of Italy
   Presented by: Patrizio Pagano, Bank of Italy
 

The Domestic and International Effects of Financial Deregulation
By Fabio Ghironi, Boston College Viktors Stebunovs, Board of Governors of the Federal Reserve System
   Presented by: Fabio Ghironi, Boston College
 

Stock Market Liberalization: A Microeconomic Perspective from Ecuador
By Katya Kartashova University of Minnesota
   Presented by: Katya Kartashova, University of Minnesota
 

When Bonds Matter: Home Bias in Goods and Assets
By Nicolas Coeurdacier, London Business School Pierre-Olivier Gourinchas, UC Berkeley
   Presented by: Pierre-Olivier Gourinchas, UC Berkeley

Session 76: Topics on Sovereign Debt

Date: July 12, 2008
Time: 10:00 - 12:00
Location: J
 

Indexed Sovereign Debt: An Applied Framework
JEL codes: F3, F4
By Guido Sandleris, Johns Hopkins University (SAIS) and Universidad Torcuato Di Tella Horacio Sapriza, Rutgers University Filippo Taddei, Collegio Carlo Alberto
   Presented by: Horacio Sapriza, Rutgers University
 

Default and the Maturity Structure in Sovereign Bonds
By Cristina Arellano, University of Minnesota Ananth Ramanarayanan, Federal Reserve Bank of Dallas
   Presented by: Ananth Ramanarayanan, Federal Reserve Bank of Dallas
 

Maturity, Indebtedness and Default Risk
By Satyajit Chatterjee, Federal Reserve Bank of Philadelphia Burcu Eyigungor, Federal Reserve Bank of Philadelphia
   Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
 

Restructuring the Sovereign Debt Restructuring Mechanism
By Rohan Pitchford Mark L. J. Wright
   Presented by: Mark Wright, UCLA

Session 77: Collective Decisions

Date: July 12, 2008
Time: 10:00 - 12:00
Location: A
 

Monetary Policy by Committee: Consensus, Chairman Dominance or Simple Majority?
JEL codes: E5, D7
By Alessandro Riboni (University of Montreal) Francisco Ruge-Murcia (University of Montreal)
   Presented by: Francisco Ruge-Murcia, University of Montreal
 

We Can't Argue Forever, But We Should Argue As Long As Possible
By Katalin Bognar, University of Michigan Moritz Meyer-ter-Vehn, UCLA Lones Smith, University of Michigan
   Presented by: Moritz Meyer-ter-Vehn, UCLA
 

Political Knowledge and the 2004 Presidential Election: Explaining the disconnect between oters' ideology and their voting behavior
By Eleanor L. Harvill, University of Pennsylvania Deniz Selman, University of Pennsylvania
   Presented by: Eleanor Harvill, University of Pennsylvania
 

Ideology and Competence in Alternative Electoral Systems
By Matias Iaryczower, Caltech Andrea Mattozzi, Caltech
   Presented by: Matias Iaryczower, Caltech

Session 78: Asset Pricing and Macro conditions

Date: July 12, 2008
Time: 10:00 - 12:00
Location: G
 

Bond Positions, Expectations, and the Yield Curve
By Monika Piazzesi, University of Chicago & FRB Mineapolis Martin Schneider, NYU & FRB Minneapolis
   Presented by: Monika Piazzesi, University of Chicago
 

What's Vol Got to Do With It
By Amir Yaron The Wharton School Itamar Drechsler, The Wharton School
   Presented by: Amir Yaron, The Wharton School
 

Asset Pricing with Uncertainty About the Long Run
By Hui Chen, MIT Michal Pakos, Carnegie-Mellon
   Presented by: Hui Chen, MIT
 

An Equilibrium Model of Credit Risk and Asset Pricing
By Joao Gomes, University of Pennsylvania Lukas Schmid, Univerity of Lausanne
   Presented by: Joao Gomes, University of Pennsylvania

Session 79: Debt with Frictions

Date: July 12, 2008
Time: 10:00 - 12:00
Location: D
 

Fragility of Reputation and Clustering in Risk Taking
JEL codes: E44, C73, D21
By Guillermo Ordonez - UCLA
   Presented by: Guillermo Ordonez, Federal Reserve Bank of MInneapolis
 

Collateral, Financial Intermediation, and the Distribution of Debt Capacity
By Adriano A. Rampini, Duke University S. Viswanathan, Duke University
   Presented by: Adriano Rampini, Duke University
 

Debt Contracts with Short-Term Commitment
By Natalia Kovrijnykh University of Chicago, Department of Economics
   Presented by: Natalia Kovrijnykh, University of Chicago
 

International Borrowing, Investment and Default
By Veronica Guerrieri, U of Chicago Guido Lorenzoni, MIT and Chicago FED Fabrizio Perri, U of Minnesota
   Presented by: Guido Lorenzoni, MIT

Session 80: Dynamic Analysis of Industries

Date: July 12, 2008
Time: 13:15 - 15:15
Location: C
 

The Dynamics of Automobile Expenditures
JEL codes: D12, C61, L62
By Adam Copeland, Bureau of Economic Analysis
   Presented by: Adam Copeland, BEA, US Dept. of Commerce
 

Estimating Dynamic Games of Complete Information with an Application to the Generic Pharmaceutical Industry
By A. Ronald Gallant, Fuqua School of Business, Duke University Han Hong, Department of Economics, Stanford University Ahmed Khwaja, , Fuqua School of Business, Duke University
   Presented by: Ahmed Khwaja, Duke University
 

A Structural Empirical Model of R&D, Firm Heterogeneity , and Industry Evolution
By Yi Daniel Xu, Department of Economics, NYU
   Presented by: Yi Daniel Xu, New York University
 

A Hybrid Discrete Choice Model of Differentiated Product Demand with an Application to Personal Computers
By Minjae Song, University of Rochester
   Presented by: Minjae Song, University of Rochester

Session 81: Inflation risk, bond prices and monetary policy

Date: July 12, 2008
Time: 13:15 - 15:15
Location: D
 

The Term Structure of Oil Prices, Bond Prices, and Monetary Policy
By Bryan Routledge, Carnegie Mellon University
   Presented by: Bryan Routledge,
 

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds
By John Y. Campbell, Harvard University Adi Sunderam, Harvard University Luis M. Viceira, Harvard University
   Presented by: Luis Viceira, Harvard University
 

The Economic Content of Interest Rates, Monetary Policy and Time-Varying Risk Premia
By Francisco Palomino, University of Michigan
   Presented by: Francisco Palomino, University of Michigan
 

The Term Structure of Inflation Expectations
By Mikhail Chernov, London Business School and CEPR Philippe Mueller, Columbia GSB
   Presented by: Mikhail Chernov, London Business School

Session 82: Growth and Development

Date: July 12, 2008
Time: 13:15 - 15:15
Location: K
 

The Geography of Trade and Multinational Production
JEL codes: F1
By Natalia Ramondo, University of Texas-Austin Andres Rodriguez-Clare, Penn State University and NBER
   Presented by: Natalia Ramondo, University of Texas at Austin
 

Openness, Technology Capital, and Development
By Ellen McGrattan, Federal Reserve Bank of Minneapolis Edward Prescott, ASU and Federal Reserve Bank of Minneapolis
   Presented by: Ellen McGrattan, Federal Reserve Bank of Minneapolis
 

Misallocation and Manufacturing TFP in China and India
By Peter J Klenow, Stanford University Chang-Tai Hsieh, UC Berkeley
   Presented by: Peter Klenow, Stanford University
 

Dynamics of Factor Market Liberalization with Financial Frictions
By Yongseok Shin (Wisconsin) Francisco Buera (Northwestern)
   Presented by: Yongseok Shin, University of Wisconsin

Session 83: Taxation and Household Labor Supply: Theory and Evidence

Date: July 12, 2008
Time: 13:15 - 15:15
Location: G
 

Taxation and Family Labor Supply
JEL codes: J16; J22; H24
By Alexander Gelber Harvard University
   Presented by: Alexander Gelber, Harvard University
 

The Optimal Income Taxation of Couples as a Multi-Dimensional Screening Problem
By Henrik Jacobsen Kleven, London School of Economics Claus Thustrup Kreiner, University of Copenhagen Emmanuel Saez, UC Berkeley
   Presented by: Henrik Kleven, London School of Economics
 

Dynamic Optimal Taxation of Households
By Stafeania Albanesi and Nicola Pavoni
   Presented by: Nicola Pavoni, University College of London
 

Gender based Taxation
By Alberto Alesina harvard University Andrea Ichino University of Bologna Loukas Karabarbounis Harvard University
   Presented by: Alberto Alesina, Harvard University

Session 84: Models of Limited Commitment

Date: July 12, 2008
Time: 13:15 - 15:15
Location: J
 

Human Capital Risk and Limited Commitment
JEL codes: E21, D50
By Tom Krebs, Mannheim University Mark Wright, UCLA
   Presented by: Tom Krebs, University of Mannheim
 

A model of credit risk without commitment
By Juan Carlos Hatchondo, Federal Reserve Bank of Richmond Leonardo Martinez, Federal Reserve Bank of Richmond
   Presented by: Juan Hatchondo, Federal Reserve Bank of Richmond
 

Enterprise Dynamics and Finance: Distinguishing Mechanism Design from Exogenously Incomplete Markets Models
By Alexander Karaivanov, Simon Fraser University Robert M. Townsend, University of Chicago
   Presented by: Alexander Karaivanov, Simon Fraser University
 

Endogenous Valuation of Collateral and Ex Ante Trade in Market Fundamentals
By Weerachart Kilenthong Department of Economics U of California, Santa Barbara and Robert M. Townsend Department of Economics U of Chicago
   Presented by: Weerachart Kilenthong, University of California, Santa Barbara

Session 85: Idiosyncratic Risk

Date: July 12, 2008
Time: 13:15 - 15:15
Location: I
 

How Much Insurance in Bewley Models?
By Greg Kaplan, New York University Gianluca Violante, New York University
   Presented by: Greg Kaplan, New York University
 

Asset Prices in a Huggett Economy
By Per Krusell, Princeton University Toshihiko Mukoyama, University of Virginia Anthony A. Smith, Jr., Yale University
   Presented by: Toshihiko Mukoyama, University of Virginia
 

Revisiting the Welfare Effects of Eliminating Business Cycles: The case of short-term and long-term unemployment
By Per Krusell Princeton University Toshihiko Mukoyama University of Virginia Aysegul Sahin Federal Reserve Bank of New York Anthony A. Smith, Jr. Yale University
   Presented by: Aysegul Sahin, Federal Reserve Bank of New York
 

Diversification and its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status
By Nikolai Roussanov Wharton School, University of Pennsylvania
   Presented by: Nikolai Roussanov, University of Pennsylvania, Wharton

Session 86: Dynamic Mechanism Design

Date: July 12, 2008
Time: 13:15 - 15:15
Location: F
 

Dynamic Marginal Contribution Mechanism
JEL codes: C72, C73, D43
By Dirk Bergemann, Yale University Juuso Valimaki, Helsinki School of Economics
   Presented by: Dirk Bergemann, Yale University
 

The Trade-off Between Fast Learning and Dynamic Efficiency
By Alex Gershkov, University of Bonn Benny Moldovanu, University of Bonn
   Presented by: Alex Gershkov, University of Bonn
 

Persistent Private Information
By Noah Williams, Princeton
   Presented by: Noah Williams, Princeton University
 

Revenue Equivalence, Profit Maximization, and Information Disclosure in Dynamic Mechanisms
By Alessandro Pavan, Northwestern University Ilya Segal, Stanford University Juuso Toikka, Stanford University
   Presented by: Ilya Segal, Stanford University

Session 87: Models of Labor Productivity

Date: July 12, 2008
Time: 13:15 - 15:15
Location: H
 

The O-Ring Sector and the Foolproof Sector: An Explanation for Cross-Country Income Differences
JEL codes: O47, J24
By Garett Jones, George Mason University
   Presented by: Garett Jones, George Mason University
 

Information, Selection and Growth
By Alessandra Bonfiglioli (IAE) Gino Gancia (CREI, UPF and CEPR)
   Presented by: Alessandra Bonfiglioli, Institute for Economic Analysis
 

The Two Sector Endogenous Growth Model and the Intertemporal Elasticity of Substitution: An Atlas
By Michael Ben-Gad City University London
   Presented by: Michael Ben-Gad, City University
 

The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy
By Erika Färnstrand Damsgaard Institute for International Economic Studies (IIES), Stockholm University. Per Krusell Princeton University, IIES, CAERP, CEPR, and NBER.
   Presented by: Erika Farnstrand Damsgaard, IIES, Stockholm University

Session 88: Prices, wages and business cycles

Date: July 12, 2008
Time: 13:15 - 15:15
Location: A
 

Sector-specific Markup Fluctuations and the Business Cycle
JEL codes: E25, E32, D43
By Alain Gabler, University of Toulouse (GREMAQ-CNRS)
   Presented by: Alain Gabler, European University Institute
 

The Role of Contracting Schemes for Assessing the Welfare Costs of Nominal Rigidities
By Juergen von Hagen, University of Bonn, Indiana University, and CEPR Matthias Paustian, Bowling Green State University
   Presented by: Juergen von Hagen, RHEINISCHE F WILHELMS UNIVERSITAT BONN
 

The Labor Wedge as a Matching Friction
[slides]
By Paulina Restrepo Echavarria, UCLA Anton A. Cheremukhin, UCLA
   Presented by: Paulina Restrepo Echavarria, UCLA
 

Unemployment in a DSGE Model: Theory and Evidence
By Roger E. A. Farmer, UCLA Economics Masanori Kashiwagi, UCLA Economics
   Presented by: Roger Farmer, University of California Los Angeles

Session 89: Housing and Asset Prices

Date: July 12, 2008
Time: 13:15 - 15:15
Location: E
 

Foreclosures and House Prices
JEL codes: e2,e6
By Carlos Garriga, Federal Reserve Bank of St. Louis Karsten Jeske, Federal Reserve Bank of Atlanta Don Schlagenhauf, Florida State University
   Presented by: Don Schlagenhauf, Florida State University
 

First Time Home Buyers and Residential Investment Volatility
By Jonas Fisher, Chicago Fed Martin Gervais, U of Southampton
   Presented by: Jonas Fisher, Federal Reserve Bank of Chicago
 

Housing Over the Life Cycle: A Structural Estimation
By Wenli Li: Federal Reserve Bank of Philadelphia Haiyong Liu: East Carolina University Rui Yao: Baruch College
   Presented by: Wenli Li, Federal Reserve Bank of Philadelphia
 

The Sources of Fluctuations in Residential Investment: A View from a Policy-Oriented DSGE Model of the U.S. Economic
By Rochelle M. Edge, Federal Reserve Board Michael T. Kiley, Federal Reserve Board Jean-Philippe Laforte, Federal Reserve Board
   Presented by: Rochelle Edge, Federal Reserve Board

Session 90: International Capital Flows 2

Date: July 12, 2008
Time: 13:45 - 15:45
Location: B
 

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism
JEL codes: F41, F32, E44,
By Ceyhun Bora Durdu, Federal Reserve Board Enrique G. Mendoza, University of Maryland & NBER Marco E. Terrones, International Monetary Fund
   Presented by: Ceyhun Bora Durdu, Federal Reserve Board
 

Varieties and imbalances: the extensive margins of the current account adjustment
By Giancarlo Corsetti (European University Institute) Philippe Martin (Paris School of Economics, University of Paris 1 Panthéon-Sorbonne) Paolo Pesenti (Federal Reserve Bank of New York)
   Presented by: Philippe Martin, University of Paris 1 Panthéon Sorbonne
 

Oil Shocks and External Adjustment
By Martin Bodenstein, Federal Reserve Board Christopher Erceg, Federal Reserve Board Luca Guerrieri, Federal Reserve Board
   Presented by: Martin Bodenstein, Federal Reserve Board
 

The Marginal Product of Capital, Capital Flows and Convergence
By Sirsha Chatterjee, Purdue University Kanda Naknoi, Purdue University
   Presented by: Kanda Naknoi, Purdue University

Session 91: Dynamic Contracts

Date: July 12, 2008
Time: 15:45 - 17:45
Location: A
 

Relational Contracts with On-the-Job Search.
JEL codes: C73, J31, L14
By Simon Board UCLA
   Presented by: Simon Board, UCLA
 

Dynamic Relational Contracts with Consumption Constraints
By Jonathan P Thomas, University of Edinburgh Tim Worrall, Keele University
   Presented by: Tim Worrall, Keele University
 

Repeated Moral Hazard and Recursive Lagrangeans
By Antonio Mele, Universitat Pompeu Fabra
   Presented by: Antonio Mele, Universitat Pompeu Fabra
 

Total Executive Compensation
By Gian Luca Clementi, New York University Tom Cooley, New York University Sonia Di Giannatale, CIDE
   Presented by: Gian Luca Clementi, Stern School of Business

Session 92: Optimal Asset Taxation under Asymmetric Information

Date: July 12, 2008
Time: 15:45 - 17:45
Location: K
 

Nonseparable Preferences and Optimal Social Security Systems
By Borys Grochulski Narayana Kocherlakota
   Presented by: Narayana Kocherlakota, University of Minnesota
 

Selection and Incentives: Optimal Taxation with Occupational Choice and Private Information
By Stefania Albanesi, Columbia University, NBER and CEPR
   Presented by: Stefania Albanesi, Columbia
 

A Mirrleesian Theory of Ramsey Taxation
By Alberto Bisin, NYU Adriano Rampini, Duke
   Presented by: Alberto Bisin, New York University
 

Ramsey Asset Taxation under Asymmetric Information
By Piero Gottardi University of Venice Nicola Pavoni UCL
   Presented by: Piero Gottardi, University of Venice

Session 93: Bubbles

Date: July 12, 2008
Time: 15:45 - 17:45
Location: D
 

Monetary policy and herd behavior in new-tech investment
JEL codes: E5
By Olivier Loisel, Banque de France and CEPREMAP Aude Pommeret, HEC, Université de Lausanne Franck Portier,Toulouse School of Economics
   Presented by: Franck Portier, Toulouse School of Economics
 

Housing Bubbles
By Oscar Arce, Bank of Spain David Lopez-Salido, Federal Reserve Board
   Presented by: Oscar Arce, Bank of Spain
 

Bubbles in Prices of Exhaustible Resources
By Boyan Jovanovic, NYU
   Presented by: Boyan Jovanovic, New York University
 

A Leverage Based Model of Speculative Bubbles
By Gadi Barlevy
   Presented by: Gadi Barlevy, Federal Reserve Bank of Chicago

Session 94: Health, Fertility and Economics: An Historical Perspective

Date: July 12, 2008
Time: 15:45 - 17:45
Location: G
 

Trends in Fertility and the Intertemporal Elasticity of Substitution in Dynastic Models
By Larry E. Jones, University of Minnesota Alice Schoonbroodt, University of Southampton
   Presented by: Larry Jones,
 

Human Genetic Diversity and Comparative Economic Development
By Quamrul Ashraf and Oded Galor Brown University
   Presented by: Quamrul Ashraf, Brown University
 

The Baby Boom and World War II: A Macroeconomic Analysis
By Matthias Doepke, UCLA Moshe Hazan, Hebrew University Yishay Maoz, University of Haifa
   Presented by: Matthias Doepke, University of California Los Angeles
 

Medical Progress, Fertility, and Women’s Work in the Twentieth Century
By Stefania Albanesi, Columbia University and NBER Claudia Olivetti, Boston University
   Presented by: Claudia Olivetti, Boston University

Session 95: Monetary Policy and International Capital Flows

Date: July 12, 2008
Time: 15:45 - 17:45
Location: J
 

Global Forces and Monetary Policy Effectiveness
JEL codes: E31, E32, E40,
By Jean Boivin, HEC Montréal Marc Giannoni, Columbia Business School
   Presented by: Jean Boivin, HEC Montreal
 

Optimal Monetary Policy under Sudden Stops
By Vasco Curdia, Federal Reserve Bank of New York
   Presented by: Vasco Curdia, Federal Reserve Bank of New York
 

Current Account Dynamics and Monetary Policy
By Andrea Ferrero - Federal Reserve Bank of New York Mark Gertler - New York University Lars Svensson - Sveriges Riksbank
   Presented by: Andrea Ferrero, Federal Reserve Bank of New York
 

Monetary Policy and the Uncovered Interest Rate Parity Puzzle
By David K. Backus, New York University Chris Telmer, Carnegie Mellon University Stanley E. Zin, Carnegie Mellon University
   Presented by: Stanley Zin, Carnegie Mellon University

Session 96: Equity returns

Date: July 12, 2008
Time: 15:45 - 17:45
Location: C
 

The Return to Wealth, Asset Pricing, and the Intertemporal Elasticity of Substitution
JEL codes: G12, J24
By Ravi Bansal, Duke University (Fuqua) Thomas D. Tallarini, Jr., Federal Reserve Board Amir Yaron, Univ. of Pennsylvania (Wharton)
   Presented by: Thomas Tallarini, The Federal Reserve Board
 

“Variable Rare Disasters: An Exactly Solved Model for Ten Puzzles in Macro-Finance”
By Xavier Gabaix, NYU
   Presented by: Xavier Gabaix, New York University
 

New Goods and Asset Prices
By Paul Scanlon, Trinity College Dublin
   Presented by: Paul Scanlon, Trinity College Dublin
 

Aggregate implications of micro asset market segmentation
By Chris Edmond, NYU Stern Pierre-Olivier Weill, UCLA
   Presented by: Chris Edmond, New York University

Session 97: Employment and Productivity

Date: July 12, 2008
Time: 15:45 - 17:45
Location: I
 

Labor Market Connections, Minimum Wages, and Youth Employment
JEL codes: E24, J08
By Aspen Gorry, University of Chicago
   Presented by: Aspen Gorry, University of Chicago
 

Assortative Matching in the Brazilian Labor Market
By Rafael Lopes de Melo Yale University
   Presented by: Rafael Melo, Yale University
 

Technology Dispersion and Labor Market Fluctuations
By John Kennes
   Presented by: John Kennes, University of Aarhus
 

Is Technological Change Biased Towards the Unskilled in Services? An Empirical Investigation
By Ariell Reshef, NYU
   Presented by: Ariell Reshef, NYU

Session 98: Labor Supply

Date: July 12, 2008
Time: 15:45 - 17:45
Location: E
 

The Heterogeneity and Dynamics of Individual Labor Supply over the Life-Cycle: Facts and Theory
By Andres Erosa, University of Toronto Luisa Fuster, University of Toronto Gueorgui Kambourov, University of Toronto
   Presented by: Gueorgui Kambourov, University of Toronto
 

Joint-Search Theory: New Opportunities and New Frictions
By Bulent Guler, University of Texas, Austin Fatih Guvenen, University of Minnesota Giovanni L. Violante, NYU
   Presented by: Giovanni Luca Violante, New York University
 

On Preferences for Being Self-Employed
By Nicola Fuchs-Schuendeln, Harvard University
   Presented by: Nicola Fuchs-Schuendeln, Harvard University
 

Labor Supply Elasticities: Can Micro Be Misleading for Macro?
By Riccardo Fiorito University of Siena Giulio Zanella University of Siena
   Presented by: Giulio Zanella, University of Siena

Session 99: Nominal Rigidities

Date: July 12, 2008
Time: 15:45 - 17:45
Location: F
 

Heterogeneous Price Setting Behavior and Monetary Non-neutrality: Some General Results
JEL codes: E1, E3
By Carlos Carvalho Federal Reserve Bank of New York Felipe Schwartzman Department of Economics, Princeton University
   Presented by: Carlos Carvalho, FRB of New York
 

Menu Costs, Calvo Fairy, Inflation and Micro Facts
By Etienne Gagnon, Federal Reserve Board
   Presented by: Etienne Gagnon, Federal Reserve Board
 

Inventories, Markups, and Real Rigidities in Menu Cost Models
By Oleksiy Kryvtsov, Bank of Canada Virgiliu Midrigan, New York University
   Presented by: Oleksiy Kryvtsov, Bank of Canada
 

(S,s) inventories, state-dependent prices and the propagation of nominal shocks
By Aubhik Khan, Federal Reserve Bank of Philadelphia Julia K. Thomas, Federal Reserve Bank of Philadelphia and NBER
   Presented by: Julia Thomas, Federal Reserve Bank of Philadelphia

Session 100: Institutions, Policies and Growth

Date: July 12, 2008
Time: 15:45 - 17:45
Location: B
 

The Threat of Competition Enhances Productivity
By Benjamin Bridgman, Bureau of Economic Analysis Victor Gomes, Universidade de Brasilia Arilton Teixeira, Capixaba Research Foundation
   Presented by: Benjamin Bridgman, Bureau of Economic Analysis
 

The Poor, the Rich and the Enforcer: Institutional Choice and Growth
By Thorsten Koeppl (Queen's University) Cyril Monnet (Federal Reserve Bank of Philadelphia) Erwan Quintin (Federal Reserve Bank of Dallas)
   Presented by: Erwan Quintin, Dallas Fed
 

The Macroeconomic Effects of Federal Regulation
By John W. Dawson, Appalachian State University John J. Seater, North Carolina State University
   Presented by: John Seater, North Carolina State University
 

Technology-Skill Complementarity and Competition Policy
By Daron Acemoglu, MIT Gino Gancia, Crei and Universitat Pompeu Fabra Fabrizio Zilibotti, University of Zurich
   Presented by: Gino Gancia, CREI and UPF

Session 101: Expectations, Communication and Monetary Policy

Date: July 12, 2008
Time: 15:45 - 17:45
Location: H
 

Measuring Central Bank Communication:
JEL codes: E43, E52, E58
By David Lucca Federal Reserve Board Francesco Trebbi University of Chicago
   Presented by: David Lucca, Board of Governors of the F.R.S.
 

Managing expectations
By Robert G. King, Boston University Yang K. Lu, Boston University Ernesto Pasten, Boston University
   Presented by: Yang Lu, Boston University
 

Optimal Monetary Policy in a Data-Rich Environment
By Jean Boivin, HEC Montreal Marc Giannoni, Columbia University
   Presented by: Marc Giannoni, Columbia University
 

Optimal Monetary Policy under Sticky Prices and Sticky Information
By Tomiyuki Kitamura The Ohio State University and Bank of Japan
   Presented by: Tomiyuki Kitamura, The Ohio State University

Session 102: Plenary Session: Per Krusell

Date: July 12, 2008
Time: 18:15 - 19:15
Location: L

This program was last updated on 2008-07-10 1:24:53 EDT