2014 Annual Meeting of the Society for Economic Dynamics (SED)

Toronto, Canada

 
June 26, 2014
 
09:30 to 11:00Morning I, 26th
 
 
11:30 to 13:00Morning II, 26th
 
 
14:30 to 16:00Afternoon I, 26th
 
 
16:30 to 18:00Afternoon II, 26th
 
 
18:15 to 19:15Nick Bloom Plenary, Desautels Hall
 
 
 
June 27, 2014
 
09:30 to 11:00Morning I, 27th
 
 
11:30 to 13:00Morning II, 27th
 
 
13:00 to 14:20SED@25, A Tribute to Dale, Desautels Hall
 
 
14:30 to 16:00Afternoon I, 27th
 
 
16:30 to 18:00Afternoon II, 27th
 
 
18:15 to 19:15Ivan Werning Plenary, Desautels Hall
 
 
 
June 28, 2014
 
09:30 to 11:00Morning I, 28th
 
 
11:30 to 13:00Morning II, 28th
 
 
14:30 to 16:00Afternoon I, 28th
 
 
16:30 to 18:00Afternoon II, 28th
 
 
18:15 to 19:15Lawrence Christiano Plenary, Desautels Hall
 
 

 

Program Notes and Index of Sessions

Morning I, 26th
June 26, 2014 09:30 to 11:00
 
Production-based Asset Pricing, 1065
Trade in Developing Countries, LL1010
New Perspectives on Models with Heterogeneous Agents and Aggregate Shocks, LL1020
Inequality and the Life-cycle, 133
New Perspectives on Optimal Taxation, LL1025
Search Theory, 142
Labor Supply and Human Capital, 147
Productivity and the Great Recession, LL1030
Systemic Risk, LL1035
Information and the Real Economy, LL1060
Topics in Political Economy II, 151
Employment Risk, 157

Morning II, 26th
June 26, 2014 11:30 to 13:00
 
The Economics of Credit Card Markets, 1065
Household Heterogeneity and Aggregate Outcomes, LL1020
Exchange Rates and Risk, LL1025
Wealth Distribution and Macroeconomics, LL1030
Macroprudential Policies, 151
Economics of Crime, 157
Theoretical Advances on Savings' Models, 142
Matching with Frictions and Heterogeneity: Empirical Applications, 147
Risk Taking and Banking, 133
Labor Markets and the Great Recession, LL1035
Frictional Product Markets, LL1060
Growth and Development, LL1010

Afternoon I, 26th
June 26, 2014 14:30 to 16:00
 
Sovereign Default and Financial Crises, 1065
Financial Regulation, 142
Firms and Wages, LL1010
Inflation in the Great Recession, LL1020
Innovation, Diffusion and Growth, LL1025
Macroeconomic Effects of Aggregate Uncertainty, LL1030
Topics in Industrial Organization, 133
Labor Supply Margins, LL1035
Job Search and Migration, LL1060
Corporate Finance , 151
College Education, 157
Information and Trading, 147

Afternoon II, 26th
June 26, 2014 16:30 to 18:00
 
Informational Frictions, 142
Home Equity, Portfolio Choice, and Default Decisions, 147
Dynamic Household Decision Making, 1065
Optimal Policy in Open Economies, LL1010
Chinese Economic Transition, LL1020
Dale Mortensen Honorary Session: Working Papers, LL1025
Topics in Political Economy I, 133
Asset Prices, Macroeconomics, and Long Run Risks, LL1030
Applied Applied Work on Migration , 151
International Transmission of Shocks, LL1035
Optimal Contracts and Moral Hazard, 157
Networks in Macroeconomics, LL1060

Nick Bloom Plenary
Desautels Hall
June 26, 2014 18:15 to 19:15

Morning I, 27th
June 27, 2014 09:30 to 11:00
 
Information and Credit Risk, 1065
Sectoral Views on Growth and Development, 151
Human Capital Accumulation, 157
Employment and Occupational Choice, 133
Inflation and Welfare in Modern Monetary Models, LL1010
Applications of Dynamic Contracts to Finance, LL1020
Search in the Housing Market, 142
Dynamic Tax Policy, LL1025
Topics on Global Production, LL1030
Heterogeneity in Macroeconomics, LL1035
Understanding the Labor Supply, 147
Marriage, Work and Intra-household Dynamics, LL1060

Morning II, 27th
June 27, 2014 11:30 to 13:00
 
Public Finance in a Global Economy, 1065
Macro Labor, LL1010
Financial Market Imperfections, LL1020
Money, Credit and Inflation, LL1025
Housing and Migration, 133
Family Economics, 151
Macro Approaches to Development, LL1030
Intermediation in Dynamic Contracts, 142
Information Frictions in DSGE Models, 157
Banks, Liquidity and Financial Crises, LL1060
Firms' Heterogeneity, 147
Estimation Techniques, LL1035

SED@25, A Tribute to Dale
Desautels Hall
June 27, 2014 13:00 to 14:20
 
Ed Prescott, Tom Cooley, Bob Lucas, Nancy Stokey, Ellen McGrattan, Rob Shimer, Ken Burdett and Guido Menzio

Afternoon I, 27th
June 27, 2014 14:30 to 16:00
 
Networks and Decentralized Exchange, 1065
Public Debt Management, 142
Real Estate - Presented by the Centre for Real Estate and Urban Economics, LL1010
Capital and Business Cycles, LL1020
Growth and Human Capital, 133
Labor Market Dynamics, 147
Trade Models - Presented by the Rotman Institute for International Business, LL1025
Topics in Macroeconomics and Finance, LL1030
Financial Crises, LL1035
Life Cycle and Savings Decisions , 151
Social Interactions, 157
Advances in Open Macroeconomics and Finance, LL1060

Afternoon II, 27th
June 27, 2014 16:30 to 18:00
 
Sources of Risk in Macro-Asset-Pricing Models, 142
Income Distribution and Risk Sharing, 151
Sovereign Default and Maturity, 1065
Information Frictions in Macro-Finance, LL1010
Formal and Informal Institutions in Economic Development, LL1020
Dale Mortensen Honorary Session: Search and Matching, LL1025
Fertility and Childcare, LL1030
Industrial Organization, LL1035
Bank Runs, 157
Technology and Productivity, LL1060
Optimal Monetary Policy, 133
Fiscal Policy and Uncertainty, 147

Ivan Werning Plenary
Desautels Hall
June 27, 2014 18:15 to 19:15

Morning I, 28th
June 28, 2014 09:30 to 11:00
 
Household Debt and the Macroeconomy, 1065
Fiscal and Monetary Policy in DSGE Models, 151
Wages Dynamics, 133
Effects of Monetary Policy on Asset Prices, LL1010
Productivity, Misallocation and Development, LL1020
Financial Networks, LL1025
Social Security, 142
Labor Market and Financial Frictions , LL1030
Occupational Mobility, LL1060
Sovereign Debt Crises , 147
Job-to-job Flows, LL1035
Dynamic Optimal Taxation, 157

Morning II, 28th
June 28, 2014 11:30 to 13:00
 
Aggregate Implications of Microeconomic Price-setting Behavior, 151
Information and Coordination , 1065
Sovereign Default and Policies, LL1010
Multisector Economies, 157
Long-run Fertility Dynamics, LL1020
News Shocks, LL1025
Monetary Policy Design, 133
Intergenerational Transmission, LL1035
Self-fulfilling Credit Crises, 142
Income Inequality, LL1030
Topics in New Dynamic Public Finance, LL1060
Topics in Asset Pricing , 147

Afternoon I, 28th
June 28, 2014 14:30 to 16:00
 
Information Processing and Inaction, 1065
Using Geographic Variation to Answer Macro Questions, LL1010
Rollover Risk, Default Regulations, and Credit Scoring in the US Credit Card Mar..., LL1020
Firm Performance in Developing Economies, LL1025
Dynamic Political Economy, LL1030
Empirical Macroeconomics of Price Dynamics, 133
Gains from Trade - Presented by the Rotman Institute for International Business, LL1035
Dynamic Contracts, 147
Labor Market Policies - Presented by the School of Public Policy and Governance, 142
Worker Heterogeneity and Sorting , 151
DSGE Models with Capital, 157
Progressive Income Taxation, LL1060

Afternoon II, 28th
June 28, 2014 16:30 to 18:00
 
Advances in NDPF
International and Macro Finance
Consumption, Human Capital, and Migration
Behavioral Theory with Macroeconomic Applications
Female Labor Force Participation
Frontiers in Structural Macroeconomic Modeling
Unemployment Insurance
Management and Risk Taking
Debt Management
Information in Financial Markets
Asset Pricing Puzzles
Growth and Structural Change

Lawrence Christiano Plenary
Desautels Hall
June 28, 2014 18:15 to 19:15

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTypeTitlePapers
1June 26, 2014
9:30-11:00
1065 invited Production-based Asset Pricing3
2June 26, 2014
9:30-11:00
LL1010 contributed Trade in Developing Countries3
3June 26, 2014
9:30-11:00
LL1020 invited New Perspectives on Models with Heterogeneous Agents and Aggregate Shocks3
4June 26, 2014
9:30-11:00
133 contributed Inequality and the Life-cycle3
5June 26, 2014
9:30-11:00
LL1025 invited New Perspectives on Optimal Taxation3
6June 26, 2014
9:30-11:00
142 contributed Search Theory3
7June 26, 2014
9:30-11:00
147 invited Labor Supply and Human Capital3
8June 26, 2014
9:30-11:00
LL1030 contributed Productivity and the Great Recession3
9June 26, 2014
9:30-11:00
LL1035 contributed Systemic Risk3
10June 26, 2014
9:30-11:00
LL1060 contributed Information and the Real Economy3
11June 26, 2014
9:30-11:00
151 contributed Topics in Political Economy II3
12June 26, 2014
9:30-11:00
157 contributed Employment Risk3
13June 26, 2014
11:30-13:00
1065 invited The Economics of Credit Card Markets3
14June 26, 2014
11:30-13:00
LL1020 invited Household Heterogeneity and Aggregate Outcomes3
15June 26, 2014
11:30-13:00
LL1025 invited Exchange Rates and Risk3
16June 26, 2014
11:30-13:00
LL1030 invited Wealth Distribution and Macroeconomics3
17June 26, 2014
11:30-13:00
151 contributed Macroprudential Policies3
18June 26, 2014
11:30-13:00
157 contributed Economics of Crime3
19June 26, 2014
11:30-13:00
142 contributed Theoretical Advances on Savings' Models3
20June 26, 2014
11:30-13:00
147 contributed Matching with Frictions and Heterogeneity: Empirical Applications3
21June 26, 2014
11:30-13:00
133 contributed Risk Taking and Banking3
22June 26, 2014
11:30-13:00
LL1035 contributed Labor Markets and the Great Recession3
23June 26, 2014
11:30-13:00
LL1060 invited Frictional Product Markets3
24June 26, 2014
11:30-13:00
LL1010 invited Growth and Development3
25June 26, 2014
14:30-16:00
1065 contributed Sovereign Default and Financial Crises3
26June 26, 2014
14:30-16:00
142 contributed Financial Regulation3
27June 26, 2014
14:30-16:00
LL1010 invited Firms and Wages3
28June 26, 2014
14:30-16:00
LL1020 invited Inflation in the Great Recession3
29June 26, 2014
14:30-16:00
LL1025 invited Innovation, Diffusion and Growth3
30June 26, 2014
14:30-16:00
LL1030 contributed Macroeconomic Effects of Aggregate Uncertainty3
31June 26, 2014
14:30-16:00
133 contributed Topics in Industrial Organization3
32June 26, 2014
14:30-16:00
LL1035 contributed Labor Supply Margins3
33June 26, 2014
14:30-16:00
LL1060 contributed Job Search and Migration3
34June 26, 2014
14:30-16:00
151 contributed Corporate Finance 3
35June 26, 2014
14:30-16:00
157 contributed College Education3
36June 26, 2014
14:30-16:00
147 contributed Information and Trading3
37June 26, 2014
16:30-18:00
142 contributed Informational Frictions3
38June 26, 2014
16:30-18:00
147 contributed Home Equity, Portfolio Choice, and Default Decisions3
39June 26, 2014
16:30-18:00
1065 invited Dynamic Household Decision Making3
40June 26, 2014
16:30-18:00
LL1010 invited Optimal Policy in Open Economies3
41June 26, 2014
16:30-18:00
LL1020 contributed Chinese Economic Transition3
42June 26, 2014
16:30-18:00
LL1025 invited Dale Mortensen Honorary Session: Working Papers3
43June 26, 2014
16:30-18:00
133 contributed Topics in Political Economy I3
44June 26, 2014
16:30-18:00
LL1030 contributed Asset Prices, Macroeconomics, and Long Run Risks3
45June 26, 2014
16:30-18:00
151 contributed Applied Applied Work on Migration 3
46June 26, 2014
16:30-18:00
LL1035 contributed International Transmission of Shocks3
47June 26, 2014
16:30-18:00
157 contributed Optimal Contracts and Moral Hazard3
48June 26, 2014
16:30-18:00
LL1060 invited Networks in Macroeconomics3
49June 27, 2014
9:30-11:00
1065 contributed Information and Credit Risk3
50June 27, 2014
9:30-11:00
151 invited Sectoral Views on Growth and Development3
51June 27, 2014
9:30-11:00
157 contributed Human Capital Accumulation3
52June 27, 2014
9:30-11:00
133 contributed Employment and Occupational Choice3
53June 27, 2014
9:30-11:00
LL1010 contributed Inflation and Welfare in Modern Monetary Models3
54June 27, 2014
9:30-11:00
LL1020 invited Applications of Dynamic Contracts to Finance3
55June 27, 2014
9:30-11:00
142 contributed Search in the Housing Market3
56June 27, 2014
9:30-11:00
LL1025 contributed Dynamic Tax Policy3
57June 27, 2014
9:30-11:00
LL1030 invited Topics on Global Production3
58June 27, 2014
9:30-11:00
LL1035 invited Heterogeneity in Macroeconomics3
59June 27, 2014
9:30-11:00
147 contributed Understanding the Labor Supply3
60June 27, 2014
9:30-11:00
LL1060 invited Marriage, Work and Intra-household Dynamics3
61June 27, 2014
11:30-13:00
1065 invited Public Finance in a Global Economy3
62June 27, 2014
11:30-13:00
LL1010 invited Macro Labor3
63June 27, 2014
11:30-13:00
LL1020 invited Financial Market Imperfections3
64June 27, 2014
11:30-13:00
LL1025 invited Money, Credit and Inflation3
65June 27, 2014
11:30-13:00
133 contributed Housing and Migration3
66June 27, 2014
11:30-13:00
151 contributed Family Economics3
67June 27, 2014
11:30-13:00
LL1030 invited Macro Approaches to Development3
68June 27, 2014
11:30-13:00
142 contributed Intermediation in Dynamic Contracts3
69June 27, 2014
11:30-13:00
157 contributed Information Frictions in DSGE Models3
70June 27, 2014
11:30-13:00
LL1060 invited Banks, Liquidity and Financial Crises3
71June 27, 2014
11:30-13:00
147 contributed Firms' Heterogeneity3
72June 27, 2014
11:30-13:00
LL1035 contributed Estimation Techniques3
73June 27, 2014
14:30-16:00
1065 invited Networks and Decentralized Exchange3
74June 27, 2014
14:30-16:00
142 invited Public Debt Management3
75June 27, 2014
14:30-16:00
LL1010 contributed Real Estate - Presented by the Centre for Real Estate and Urban Economics3
76June 27, 2014
14:30-16:00
LL1020 contributed Capital and Business Cycles3
77June 27, 2014
14:30-16:00
133 contributed Growth and Human Capital3
78June 27, 2014
14:30-16:00
147 contributed Labor Market Dynamics3
79June 27, 2014
14:30-16:00
LL1025 invited Trade Models - Presented by the Rotman Institute for International Business3
80June 27, 2014
14:30-16:00
LL1030 invited Topics in Macroeconomics and Finance3
81June 27, 2014
14:30-16:00
LL1035 contributed Financial Crises3
82June 27, 2014
14:30-16:00
151 contributed Life Cycle and Savings Decisions 3
83June 27, 2014
14:30-16:00
157 contributed Social Interactions3
84June 27, 2014
14:30-16:00
LL1060 invited Advances in Open Macroeconomics and Finance3
85June 27, 2014
16:30-18:00
151 contributed Income Distribution and Risk Sharing3
86June 27, 2014
16:30-18:00
142 contributed Sources of Risk in Macro-Asset-Pricing Models3
87June 27, 2014
16:30-18:00
1065 contributed Sovereign Default and Maturity3
88June 27, 2014
16:30-18:00
LL1010 invited Information Frictions in Macro-Finance3
89June 27, 2014
16:30-18:00
LL1020 invited Formal and Informal Institutions in Economic Development3
90June 27, 2014
16:30-18:00
LL1025 invited Dale Mortensen Honorary Session: Search and Matching4
91June 27, 2014
16:30-18:00
LL1030 contributed Fertility and Childcare2
92June 27, 2014
16:30-18:00
LL1035 contributed Industrial Organization3
93June 27, 2014
16:30-18:00
157 contributed Bank Runs3
94June 27, 2014
16:30-18:00
LL1060 contributed Technology and Productivity3
95June 27, 2014
16:30-18:00
133 contributed Optimal Monetary Policy3
96June 27, 2014
16:30-18:00
147 contributed Fiscal Policy and Uncertainty3
97June 28, 2014
9:30-11:00
1065 invited Household Debt and the Macroeconomy3
98June 28, 2014
9:30-11:00
151 contributed Fiscal and Monetary Policy in DSGE Models3
99June 28, 2014
9:30-11:00
133 contributed Wages Dynamics3
100June 28, 2014
9:30-11:00
LL1010 contributed Effects of Monetary Policy on Asset Prices3
101June 28, 2014
9:30-11:00
LL1020 contributed Productivity, Misallocation and Development3
102June 28, 2014
9:30-11:00
LL1025 invited Financial Networks3
103June 28, 2014
9:30-11:00
142 contributed Social Security3
104June 28, 2014
9:30-11:00
LL1060 contributed Occupational Mobility3
105June 28, 2014
9:30-11:00
LL1030 contributed Labor Market and Financial Frictions 3
106June 28, 2014
9:30-11:00
147 contributed Sovereign Debt Crises 3
107June 28, 2014
9:30-11:00
LL1035 contributed Job-to-job Flows3
108June 28, 2014
9:30-11:00
157 contributed Dynamic Optimal Taxation3
109June 28, 2014
11:30-13:00
151 contributed Aggregate Implications of Microeconomic Price-setting Behavior3
110June 28, 2014
11:30-13:00
1065 invited Information and Coordination 3
111June 28, 2014
11:30-13:00
LL1010 invited Sovereign Default and Policies3
112June 28, 2014
11:30-13:00
157 contributed Multisector Economies3
113June 28, 2014
11:30-13:00
LL1020 invited Long-run Fertility Dynamics3
114June 28, 2014
11:30-13:00
LL1025 invited News Shocks3
115June 28, 2014
11:30-13:00
133 contributed Monetary Policy Design3
116June 28, 2014
11:30-13:00
LL1035 contributed Intergenerational Transmission3
117June 28, 2014
11:30-13:00
142 contributed Self-fulfilling Credit Crises3
118June 28, 2014
11:30-13:00
LL1030 contributed Income Inequality3
119June 28, 2014
11:30-13:00
LL1060 contributed Topics in New Dynamic Public Finance3
120June 28, 2014
11:30-13:00
147 contributed Topics in Asset Pricing 3
121June 28, 2014
14:30-16:00
1065 invited Information Processing and Inaction3
122June 28, 2014
14:30-16:00
LL1010 invited Using Geographic Variation to Answer Macro Questions3
123June 28, 2014
14:30-16:00
LL1020 invited Rollover Risk, Default Regulations, and Credit Scoring in the US Credit Card Market3
124June 28, 2014
14:30-16:00
LL1025 invited Firm Performance in Developing Economies3
125June 28, 2014
14:30-16:00
LL1030 invited Dynamic Political Economy3
126June 28, 2014
14:30-16:00
133 contributed Empirical Macroeconomics of Price Dynamics3
127June 28, 2014
14:30-16:00
LL1035 contributed Gains from Trade - Presented by the Rotman Institute for International Business3
128June 28, 2014
14:30-16:00
147 contributed Dynamic Contracts3
129June 28, 2014
14:30-16:00
142 contributed Labor Market Policies - Presented by the School of Public Policy and Governance3
130June 28, 2014
14:30-16:00
151 contributed Worker Heterogeneity and Sorting 3
131June 28, 2014
14:30-16:00
157 contributed DSGE Models with Capital3
132June 28, 2014
14:30-16:00
LL1060 invited Progressive Income Taxation3
133June 28, 2014
16:30-18:00
1065 invited Advances in NDPF3
134June 28, 2014
16:30-18:00
LL1010 invited International and Macro Finance3
135June 28, 2014
16:30-18:00
LL1020 invited Consumption, Human Capital, and Migration3
136June 28, 2014
16:30-18:00
LL1025 invited Behavioral Theory with Macroeconomic Applications3
137June 28, 2014
16:30-18:00
133 contributed Female Labor Force Participation3
138June 28, 2014
16:30-18:00
LL1030 invited Frontiers in Structural Macroeconomic Modeling3
139June 28, 2014
16:30-18:00
LL1035 contributed Unemployment Insurance3
140June 28, 2014
16:30-18:00
LL1060 contributed Management and Risk Taking3
141June 28, 2014
16:30-18:00
147 contributed Debt Management3
142June 28, 2014
16:30-18:00
142 invited Information in Financial Markets3
143June 28, 2014
16:30-18:00
151 contributed Asset Pricing Puzzles3
144June 28, 2014
16:30-18:00
157 contributed Growth and Structural Change3
 

144 sessions, 432 papers, and 0 presentations with no associated papers


 

2014 Annual Meeting of the Society for Economic Dynamics (SED)

Detailed List of Sessions

 
Session 1: Production-based Asset Pricing
June 26, 2014 9:30 to 11:00
1065
 
Session type: invited
 

Endogenous Economic Disasters and Asset Prices
By Nicolas Petrosky-Nadeau; Carnegie Mellon University
Lu Zhang; The Ohio State University
Lars-Alexander Kuehn; Carnegie Mellon University
   Presented by: Nicolas Petrosky-Nadeau, Carnegie Mellon University
 

Asset Pricing with Entry and Imperfect Competition
By Erik Loualiche; MIT Sloan School of Management
   Presented by: Erik Loualiche, MIT Sloan School of Management
 

Technological Innovation: Winners and Losers
By Dimitris Papanikolaou; Northwestern University
   Presented by: Dimitris Papanikolaou, Northwestern University
 
Session 2: Trade in Developing Countries
June 26, 2014 9:30 to 11:00
LL1010
 
Session type: contributed
 

Trade Liberalization, Internal Migration and Regional Income Differences: Evidence from China
By Trevor Tombe; University of Calgary
Xiaodong Zhu; University of Toronto
   Presented by: Trevor Tombe, University of Calgary
 

The Mode of Competition between Foreign and Domestic Goods, Pass-Through, and External Adjustment
By Raphael Auer; Swiss National Bank
Raphael Schoenle; Brandeis University
   Presented by: Raphael Auer, Swiss National Bank
 

The Opportunity Cost of Exporting
By Loris Rubini; Universidad Catolica de Chile and Universidad Carlos III de Madrid
Alexander McQuoid; Florida International Universtiy
   Presented by: Loris Rubini, Universidad Catolica de Chile and Universidad Carlos III de Madrid
 
Session 3: New Perspectives on Models with Heterogeneous Agents and Aggregate Shocks
June 26, 2014 9:30 to 11:00
LL1020
 
Session type: invited
 

Accuracy Verification for Numerical Solutions of Equilibrium Models
By Leonid Kogan; MIT
Indrajit Mitra; MIT
   Presented by: Leonid Kogan, MIT
 

Precautionary Saving and Aggregate Demand
By Xavier Ragot; Paris School of Economics
Edouard Challe; Ecole Polytechnique
Julien Matheron; Banque de France
Juan Rubio-Ramirez; Duke University
   Presented by: Xavier Ragot, Paris School of Economics
 

Wealth distribution and asset prices
By Jinhui Bai; Georgetown University
Dan Cao; Georgetown University
   Presented by: Dan Cao, Georgetown University
 
Session 4: Inequality and the Life-cycle
June 26, 2014 9:30 to 11:00
133
 
Session type: contributed
 

Price Search, Consumption Inequality, and Expenditure Inequality over the Life Cycle
By Yavuz Arslan; The Central Bank of the Republic of Turkey
Bulent Guler; Indiana University - Bloomington
Temel Taskin; Central Bank of the Republic of Turkey
   Presented by: Yavuz Arslan, The Central Bank of the Republic of Turkey
 

Consumption and Portfolio Choice over the Life Cycle under Extremely Leptokurtic Distribution of Earnings Changes
By Fatih Karahan; Federal Reserve Bank of New York
Serdar Ozkan; Federal Reserve Board
   Presented by: Serdar Ozkan, Federal Reserve Board
 

GENERATIONAL RISK--IS IT A BIG DEAL?: SIMULATING AN 80-PERIOD OLG MODEL WITH AGGREGATE SHOCKS
By Jasmina Hasanhodzic; Boston University
Laurence Kotlikoff; Boston University
   Presented by: Jasmina Hasanhodzic, Boston University
 
Session 5: New Perspectives on Optimal Taxation
June 26, 2014 9:30 to 11:00
LL1025
 
Session type: invited
 

Optimal Financial Transaction Taxes
By Eduardo Davila; Harvard University
   Presented by: Eduardo Davila, Harvard University
 

Revisiting the Classical View of Benefits-Based Taxation
By Matthew Weinzierl; Harvard Business School
   Presented by: Matthew Weinzierl, Harvard Business School
 

Capital Taxation under Political Constraints
By Florian Scheuer; Stanford University
Alexander Wolitzky; Stanford University
   Presented by: Florian Scheuer, Stanford University
 
Session 6: Search Theory
June 26, 2014 9:30 to 11:00
142
 
Session type: contributed
 

Costly Search with Adverse Selection: Solicitation Curse vs. Accelerating Blessing
By Kyungmin Kim; University of Iowa
Marilyn Pease; University of Iowa
   Presented by: Kyungmin Kim, University of Iowa
 

Efficient Competition through Cheap Talk: Competing Auctions and Competitive Search without Ex-Ante Commitment
By Kyungmin Kim; University of Iowa
Philipp Kircher; University of Edinburgh
   Presented by: Philipp Kircher, University of Edinburgh
 

Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Marks
By Benjamin Lester; Federal Reserve Bank of Philadelphia
Ludo Visschers; Universidad Carlos III, Madrid and University of Edinburgh
Ronald Wolthoff; University of Toronto
   Presented by: Ronald Wolthoff, University of Toronto
 
Session 7: Labor Supply and Human Capital
June 26, 2014 9:30 to 11:00
147
 
Session type: invited
 

Career Prospects of Overeducated Americans
By Clement Joubert; University of North Carolina at Chapel H
Arnaud Maurel; Duke University
   Presented by: Clement Joubert, University of North Carolina at Chapel H
 

Search, Matching and Training
[slides]
By Christopher Flinn; New York University
Ahu Gemici; Royal Holloway, University of London
Steven Laufer; Federal Reserve Board
   Presented by: Ahu Gemici, Royal Holloway, University of London
 

Social Security Benefits, Life Expectancy and Early Retirement
[slides]
By Maria Casanova; UCLA
Daifeng He; College of William and Mary
Qi Li; University of Chicago
Juan Pantano; Washington University in St. Louis
   Presented by: Maria Casanova, UCLA
 
Session 8: Productivity and the Great Recession
June 26, 2014 9:30 to 11:00
LL1030
 
Session type: contributed
 

Productivity and Potential Output Before, During, and After the Great Recession
By John Fernald; Federal Reserve Bank of San Francisco
   Presented by: John Fernald, Federal Reserve Bank of San Francisco
 

The Elasticity of Substitution Between Time and Market Goods: Evidence from the Great Recession
By Arlene Wong; Northwestern University
Aviv Nevo; Northwestern University
   Presented by: Arlene Wong, Northwestern University
 

Liquidity, Trends, and the Great Recession
By pablo guerron-quintana; Federal Reserve Bank of Philadelphia
   Presented by: Pablo Guerron-Quintana, Federal Reserve Bank of Philadelphia
 
Session 9: Systemic Risk
June 26, 2014 9:30 to 11:00
LL1035
 
Session type: contributed
 

Fire-Sale Spillovers and Systemic Risk
By Fernando Duarte; Federal Reserve Bank of New York
Thomas Eisenbach; Federal Reserve Bank of New York
   Presented by: Thomas Eisenbach, Federal Reserve Bank of New York
 

Collateral Risk, Repo Rollover and Shadow Banking
By Shengxing Zhang; New York University
   Presented by: Shengxing Zhang, New York University
 

Liquidity Policies and Systemic Risk
By Tobias Adrian; Federal Reserve Bank of New York
Nina Boyarchenko; Federal Reserve Bank of New York
   Presented by: Tobias Adrian, Federal Reserve Bank of New York
 
Session 10: Information and the Real Economy
June 26, 2014 9:30 to 11:00
LL1060
 
Session type: contributed
 

Reputation and Aggregate Shocks
By Boyan Jovanovic; New York University
Julien Prat; CREST
   Presented by: Boyan Jovanovic, New York University
 

Information Globalization, Risk Sharing, and International Trade
By Isaac Baley; New York University
Laura Veldkamp; NYU Stern
Mike Waugh; New York University
   Presented by: Isaac Baley, New York University
 

Information, Misallocation and Aggregate Productivity
By Joel David; USC
Hugo A. Hopenhayn; UCLA
Venky Venkateswaran; NYU Stern School of Business
   Presented by: Joel David, USC
 
Session 11: Topics in Political Economy II
June 26, 2014 9:30 to 11:00
151
 
Session type: contributed
 

Who do Unions Target? Unionization over the Life-Cycle of U.S. Businesses
By Emin Dinlersoz; U.S. Census Bureau
Jeremy Greenwood; University of Pennsylvania
Henry Hyatt; US Census Bureau
   Presented by: Emin Dinlersoz, U.S. Census Bureau
 

A Revealed Preference Approach to the Elicitation of Political Attitudes: Experimental Evidence on Anti-Americanism in Pakistan
By Leonardo Bursztyn; UCLA
Michael Callen; UCLA
Bruno Ferman; Fundacao Getulio Vargas
Ali Hasanain; Lahore University of Management Sciences
Noam Yuchtman; UC Berkeley
   Presented by: Michael Callen, UCLA
 

Income Inequality, Political Polarization and Fiscal Policy Gridlock
By Yanlei Ma; Cornell University
   Presented by: Yanlei Ma, Cornell University
 
Session 12: Employment Risk
June 26, 2014 9:30 to 11:00
157
 
Session type: contributed
 

A Labor Capital Asset Pricing Model
By Lars Kuehn; Carnegie Mellon University
Mikhail Simutin; University of Toronto
JessieJiaxu Wang; Carnegie Mellon University
   Presented by: Lars Kuehn, Carnegie Mellon University
 

On the Provision of Insurance Against Search-Induced Wage Fluctuations
By Jean-Baptiste Michau; Ecole Polytechnique, France
   Presented by: Jean-Baptiste Michau, Ecole Polytechnique, France
 

Financial Risk and Unemployment
By Zvi Eckstein; The Interdisciplinary Center Herzliya
Ofer Setty; Tel Aviv University
David Weiss; Tel Aviv University
   Presented by: David Weiss, Tel Aviv University
 
Session 13: The Economics of Credit Card Markets
June 26, 2014 11:30 to 13:00
1065
 
Session type: invited
 

Regulating Consumer Financial Products: Evidence from Credit Cards
By Johannes Stroebel; New York University
   Presented by: Johannes Stroebel, New York University
 

Are Young Borrowers Bad Borrowers? Evidence from the Credit CARD Act of 2009
By Andra Ghent; Arizona State University
   Presented by: Andra Ghent, Arizona State University
 

Perverse Nudges: Minimum Payments and Debt Paydown in Consumer Credit Cards
By Benjamin Keys; University of Chicago
Jialan Wang; Consumer Financial Protection Bureau
   Presented by: Benjamin Keys, University of Chicago
 
Session 14: Household Heterogeneity and Aggregate Outcomes
June 26, 2014 11:30 to 13:00
LL1020
 
Session type: invited
 

Idiosyncratic risk, insurance, and aggregate consumption dynamics: a likelihood perspective
By Alisdair McKay; Boston University
   Presented by: Alisdair McKay, Boston University
 

The Transmission of Monetary Policy Operations through Redistributions and Durable Purchases
By Vincent Sterk; University College London
Silvana Tenreyro; London School of Economics
   Presented by: Vincent Sterk, University College London
 

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
By Olivier Coibion; UT Austin
Yuriy Gorodnichenko; UC Berkeley
Marianna Kudlyak; Federal Reserve Bank of Richmond
John Mondragon; UC Berkeley
   Presented by: Marianna Kudlyak, Federal Reserve Bank of Richmond
 
Session 15: Exchange Rates and Risk
June 26, 2014 11:30 to 13:00
LL1025
 
Session type: invited
 

International Comovement through Endogenous Long Run Risk
By Federico Gavazzoni; INSEAD
Ana Maria Santacreu; INSEAD
   Presented by: Federico Gavazzoni, INSEAD
 

Term-structure of consumption risk premia in the cross-section of currency returns
By Irina Zviadadze; Stockholm School of Economics
   Presented by: Irina Zviadadze, Stockholm School of Economics
 

The Term Structure of Currency Carry Trade Risk Premia
By Hanno Lustig; Anderson School of Business
Andreas Stathopoulos; University of Southern California
Adrien Verdelhan; MIT Sloan
   Presented by: Adrien Verdelhan, MIT Sloan
 
Session 16: Wealth Distribution and Macroeconomics
June 26, 2014 11:30 to 13:00
LL1030
 
Session type: invited
 

Wealth Distribution and the Business Cycle
By Benjamin Moll; Princeton University
   Presented by: Benjamin Moll, Princeton University
 

The Wealthy Hand-to-Mouth
By Greg Kaplan; Princeton University
Gianluca Violante; NYU
   Presented by: Gianluca Violante, NYU
 

The Wealth Distribution in Bewley Models with Investment Risk
By Jess Benhabib; NYU
Alberto Bisin; New York University
Shenghao Zhu; National University of Singapore
   Presented by: Jess Benhabib, NYU
 
Session 17: Macroprudential Policies
June 26, 2014 11:30 to 13:00
151
 
Session type: contributed
 

Macroprudential Capital Controls and the Shadow Economy
By Julien Bengui; Université de Montréal
Javier Bianchi; University of Wisconsin
   Presented by: Julien Bengui, Université de Montréal
 

Monetary and macroprudential policy with foreign currency loans
By Michał Brzoza-Brzezina; National Bank of Poland
Marcin Kolasa; National Bank of Poland
Krzysztof Makarski; National Bank of Poland
   Presented by: Krzysztof Makarski, National Bank of Poland
 

Overlending and Macroprudential Tools
By Pedro Gete; Georgetown University
Natalie Tiernan; Office of the Comptroller of the Currency
   Presented by: Natalie Tiernan, Office of the Comptroller of the Currency
 
Session 18: Economics of Crime
June 26, 2014 11:30 to 13:00
157
 
Session type: contributed
 

Incarceration and Low Skilled Labor Markets: A Macroeconomic Analysis
By Bulent Guler; Indiana University - Bloomington
Amanda Michaud; Indiana University
   Presented by: Amanda Michaud, Indiana University
 

A quantitative analysis of the retail market for illicit drugs
By Manolis Galenianos; Royal Holloway, University of London
Alessandro Gavazza; London School of Economics
   Presented by: Manolis Galenianos, Royal Holloway, University of London
 

Why do Europeans steal more than Americans?
By Marek Kapicka; University of California Santa Barbara
Peter Rupert; University of California, Santa Barbara
Giulio Zanella; University of Bologna
   Presented by: Marek Kapicka, University of California Santa Barbara
 
Session 19: Theoretical Advances on Savings' Models
June 26, 2014 11:30 to 13:00
142
 
Session type: contributed
 

Continuous Markov Equilibria with Quasi-Geometric Discounting
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia
Burcu Eyigungor; Federal Reserve Bank of Philadelphia
   Presented by: Satyajit Chatterjee, Federal Reserve Bank of Philadelphia
 

A General and Intuitive Envelope Theorem
By Andrew Clausen; University of Edinburgh
Carlo Strub; University of St. Gallen
   Presented by: Carlo Strub, University of St. Gallen
 

Poverty and Self Control
By B. Douglas Bernheim; Stanford University
Debraj Ray; New York University
Sevin Yeltekin; Carnegie Mellon University
   Presented by: Sevin Yeltekin, Carnegie Mellon University
 
Session 20: Matching with Frictions and Heterogeneity: Empirical Applications
June 26, 2014 11:30 to 13:00
147
 
Session type: contributed
 

Productivity Shocks, Dynamic Contracts and Income Uncertainty
By Thibaut Lamadon; University College London
   Presented by: Thibaut Lamadon, University College London
 

Separations, Sorting and Cyclical Unemployment
By Andreas Mueller; Columbia University
   Presented by: Andreas Mueller, Columbia University
 

A Forest Fire Theory of Recessions and Unemployment
By Matthew Jackson; Stanford University
Pietro Tebaldi; Stanford University
   Presented by: Pietro Tebaldi, Stanford University
 
Session 21: Risk Taking and Banking
June 26, 2014 11:30 to 13:00
133
 
Session type: contributed
 

Efficient Financial Crises
By Ariel Zetlin-Jones; Carnegie Mellon University
   Presented by: Ariel Zetlin-Jones, Carnegie Mellon University
 

A simple general equilibrium model of large excess reserves
By Huberto Ennis; Federal Reserve Bank of Richmond
   Presented by: Huberto Ennis, Federal Reserve Bank of Richmond
 

Agency Cost Determinants of Bank Risk-Taking
By Kinda Hachem; University of Chicago
   Presented by: Kinda Hachem, University of Chicago
 
Session 22: Labor Markets and the Great Recession
June 26, 2014 11:30 to 13:00
LL1035
 
Session type: contributed
 

Accounting for recent labor market behavior
By Peter Rupert; University of California, Santa Barbara
   Presented by: Peter Rupert, University of California, Santa Barbara
 

Are Labor or Product Markets to Blame for Recessions?
By Mark Bils; U. of Rochester
Peter Klenow; Stanford University
Ben Malin; Federal Reserve Bank of Minneapolis
   Presented by: Ben Malin, Federal Reserve Bank of Minneapolis
 

What Shifts the Beveridge Curve? Recruitment Effort and Financial Shocks
[slides]
By Alessandro Gavazza; London School of Economics
Simon Mongey; NYU
Gianluca Violante; NYU
   Presented by: Simon Mongey, NYU
 
Session 23: Frictional Product Markets
June 26, 2014 11:30 to 13:00
LL1060
 
Session type: invited
 

Markups Dynamics with Customer Markets
By Luigi Paciello; Einaudi Institute (EIEF)
Andrea Pozzi; Einaudi Institute for Economics and Fina
Nicholas Trachter; Federal Reserve Bank of Richmond
   Presented by: Luigi Paciello, Einaudi Institute (EIEF)
 

An Economical Business-Cycle Model
By Pascal Michaillat; London School of Economics
Emmanuel Saez; UC Berkeley
   Presented by: Pascal Michaillat, London School of Economics
 

Can Intangible Capital Explain Cyclical Movements in the Labor Wedge?
By Leena Rudanko; Boston University
   Presented by: Leena Rudanko, Boston University
 
Session 24: Growth and Development
June 26, 2014 11:30 to 13:00
LL1010
 
Session type: invited
 

The Growth Dynamics of Innovation, Diffusion, and the Technology Frontier
By Jess Benhabib; NYU
Jesse Perla; University of British Columbia
Christopher Tonetti; Stanford GSB
   Presented by: Jesse Perla, University of British Columbia
 

Subsistence Entrepreneurs and Misallocation
By Kevin Donovan; University of Notre Dame
   Presented by: Kevin Donovan, University of Notre Dame
 

Crony Capitalism with Chinese Characteristics
By Michael Song
   Presented by: Michael Song,
 
Session 25: Sovereign Default and Financial Crises
June 26, 2014 14:30 to 16:00
1065
 
Session type: contributed
 

Contagion of Sovereign Default: the Role of Two Financial Frictions
By JungJae Park; National University of Singapore
   Presented by: JungJae Park, National University of Singapore
 

Sovereign Default and Government’s Bailouts
[slides]
By Javier Bianchi; University of Wisconsin
Sandra Lizarazo; Universidad Carlos III de Madrid
Horacio Sapriza; Federal Reserve Board
   Presented by: Sandra Lizarazo, Universidad Carlos III de Madrid
 

Portfolio Choice and Partial Default in Emerging Markets: a quantitative analysis
By Kieran Walsh; Yale (UVa-Darden starting summer 2014)
   Presented by: Kieran Walsh, Yale (UVa-Darden starting summer 2014)
 
Session 26: Financial Regulation
June 26, 2014 14:30 to 16:00
142
 
Session type: contributed
 

The Case for Incomplete Markets
By Lawrence Blume; Cornell University
Timothy Cogley; New York University
David Easley; Cornell University
Thomas Sargent; New York University
Viktor Tsyrennikov; Cornell
   Presented by: Viktor Tsyrennikov, Cornell
 

Good Disclosure, Bad Disclosure
By Itay Goldstein; University of Pennsylvania
Liyan Yang; Joseph L. Rotman School of Management
   Presented by: Liyan Yang, Joseph L. Rotman School of Management
 

Optimal financial regulation under moral hazard
By Sebastian Di Tella; Stanford GSB
   Presented by: Sebastian Di Tella, Stanford GSB
 
Session 27: Firms and Wages
June 26, 2014 14:30 to 16:00
LL1010
 
Session type: invited
 

Occupational Mobility and Wage Dynamics Within and Between Firms
By Francis Kramarz; CREST
Fabien Postel-Vinay; University College London
Jean-Marc Robin; Sciences-Po
   Presented by: Fabien Postel-Vinay, University College London
 

Identifying Equilibrium Models of Labor Market Sorting
By Marcus Hagedorn; University of Oslo
Tzuo Hann Law; University of Pennsylvania
Iourii Manovskii; University of Pennsylvania
   Presented by: Tzuo Hann Law, University of Pennsylvania
 

How Firms Affect Wages: a Structural Decomposition
By Rafael Lopes de Melo; University of Chicago
   Presented by: Rafael Lopes de Melo, University of Chicago
 
Session 28: Inflation in the Great Recession
June 26, 2014 14:30 to 16:00
LL1020
 
Session type: invited
 

Inflation in the Great Recession and New Keynesian Models
By Marco Del Negro; Federal Reserve Bank of New York
Marc Giannoni; Federal Reserve Bank of New York
Frank Schorfheide; University of Pennsylvania
   Presented by: Marc Giannoni, Federal Reserve Bank of New York
 

Inflation Experience and Inflation Expectations: Spatial Evidence
By Marcel Fratzscher
Refet Gürkaynak; Bilkent University
Gulserim Ozcan; Bilkent University
   Presented by: Gulserim Ozcan, Bilkent University
 

Empirical Properties of Inflation Expectations and the Zero Lower Bound
By Mirko Wiederholt; Goethe University Frankfurt
   Presented by: Mirko Wiederholt, Goethe University Frankfurt
 
Session 29: Innovation, Diffusion and Growth
June 26, 2014 14:30 to 16:00
LL1025
 
Session type: invited
 

Young, Restless and Creative: Openness to Disruption and Creative Innovations
By Daron Acemoglu; Massachusetts Institute of Technology
Ufuk Akcigit; University of Pennsylvania
Murat Celik; University of Pennsylvania
   Presented by: Murat Celik, University of Pennsylvania
 

The Race Between Technology and Human Capital
By Nancy L Stokey; Department of Economics
   Presented by: Nancy L Stokey, Department of Economics
 

The Global Diffusion of Ideas
By Francisco Buera; University of California at Los Angeles
   Presented by: Francisco Buera, University of California at Los Angeles
 
Session 30: Macroeconomic Effects of Aggregate Uncertainty
June 26, 2014 14:30 to 16:00
LL1030
 
Session type: contributed
 

Uncertainty in linear models
By Cosmin Ilut; Duke University
Pavel Krivenko; Stanford
Martin Schneider; Stanford University
   Presented by: Martin Schneider, Stanford University
 

Sentiment and the U.S. Business Cycle
By Fabio Milani; University of California, Irvine
   Presented by: Fabio Milani, University of California, Irvine
 

Information Aversion
By Marianne Andries; Toulouse School of Economics
Valentin Haddad; Princeton University
   Presented by: Marianne Andries, Toulouse School of Economics
 
Session 31: Topics in Industrial Organization
June 26, 2014 14:30 to 16:00
133
 
Session type: contributed
 

Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry
By Serguey Braguinsky; Carnegie Mellon University
Atsushi Ohyama; Hokkaido University
Tetsuji Okazaki; University of Tokyo
Chad Syverson; University of Chicago Booth School of Business and NBER
   Presented by: Serguey Braguinsky, Carnegie Mellon University
 

Dynamic Demand for New and Used Durable Goods without Physical Depreciation: The Case of Japanese Video Games
By Masakazu Ishihara; New York University
Andrew Ching; University of Toronto
   Presented by: Masakazu Ishihara, New York University
 

Advertising, Consumer Awareness and Choice: Evidence from the U.S. Banking Industry
By Elisabeth Honka; The University of Texas at Dallas
Ali Hortacsu; University of Chicago
Maria Ana Vitorino; University of Minnesota
   Presented by: Maria Ana Vitorino, University of Minnesota
 
Session 32: Labor Supply Margins
June 26, 2014 14:30 to 16:00
LL1035
 
Session type: contributed
 

Firing Costs and Labor Market Fluctuations: A Cross-Country Analysis
By Lee Ohanian; University of California Los Angeles
Andrea Raffo; Federal Reserve Board
Richard Rogerson; Princeton University
   Presented by: Andrea Raffo, Federal Reserve Board
 

Great opportunities or poor alternatives: self-employment, unemployment and paid employment over the business cycle
By Matthias Kredler; Universidad Carlos III Madrid
Ana Millan; Universidad Carlos III de Madrid
Ludo Visschers; Universidad Carlos III, Madrid and University of Edinburgh
   Presented by: Ludo Visschers, Universidad Carlos III, Madrid and University of Edinburgh
 

Explaining the Spread of Temporary Jobs and its Impact on Labor Turnover
By Franck Malherbet; CREST and Ecole Polytechnique
   Presented by: Franck Malherbet, CREST and Ecole Polytechnique
 
Session 33: Job Search and Migration
June 26, 2014 14:30 to 16:00
LL1060
 
Session type: contributed
 

The Interaction between Job Search and Housing Decisions
By Silvio Rendon; Stony Brook University
Núria Quella; SUNY - Stony Brook University
   Presented by: Silvio Rendon, Stony Brook University
 

Income Inequality, Neighborhoods, Prices and the Liquidity of Housing
By Allen Head; Department of Economics
Huw Lloyd-Ellis; Queen's University
Derek Stacey; Ryerson University
   Presented by: Derek Stacey, Ryerson University
 

Optimal Spatial Taxation
By Jan Eeckhout; University College London and GSE-UPF
Nezih Guner; Universitat Autonoma de Barcelona
   Presented by: Jan Eeckhout, University College London and GSE-UPF
 
Session 34: Corporate Finance
June 26, 2014 14:30 to 16:00
151
 
Session type: contributed
 

Equity market misvaluation, financing, and investment
By Missaka Warusawitharana; Board of Governors of the Federal Reserv
Toni Whited; University of Rochester
   Presented by: Missaka Warusawitharana, Board of Governors of the Federal Reserv
 

Can Changes in the Cost of Cash Resolve the Corporate Cash Puzzle?
By Jose Azar; Charles River Associates
Jean-François Kagy; Cornerstone Research
Martin Schmalz; University of Michigan
   Presented by: Jean-François Kagy, Cornerstone Research
 

Capital Flows in Rational Markets
By Francesco Franzoni; University of Lugano
Martin Schmalz; University of Michigan
   Presented by: Martin Schmalz, University of Michigan
 
Session 35: College Education
June 26, 2014 14:30 to 16:00
157
 
Session type: contributed
 

The Life Cycle of Earnings and Educational Attainment of U.S. Cohorts
By Yu-Chien Kong; University of Iowa
B Ravikumar; Federal Reserve Bank of St Louis
Guillaume Vandenbroucke; University of Southern California
   Presented by: Guillaume Vandenbroucke, University of Southern California
 

Student Aid, Academic Achievement, and Labor Market Behavior: Grants or Loans?
By Juanna Joensen; Stockholm School of Economics
Elena Mattana; Universite` Catholique de Louvain - CORE
   Presented by: Juanna Joensen, Stockholm School of Economics
 

College Attrition and the Dynamics of Information Revelation
By Peter Arcidiacono; Duke University
Esteban Aucejo; London School of Economics
Arnaud Maurel; Duke University
Tyler Ransom; Duke University
   Presented by: Arnaud Maurel, Duke University
 
Session 36: Information and Trading
June 26, 2014 14:30 to 16:00
147
 
Session type: contributed
 

Clearing, transparency, and collateral
By Gaetano Antinolfi; Washington University in Saint Louis
Francesca Carapella; Federal Reserve Board
Francesco Carli; Universidade Catolica Portuguesa
   Presented by: Francesca Carapella, Federal Reserve Board
 

Regulatory Intensity, Crash Risk, and the Business Cycle
By bo sun; GSM, Peking University
Xuan Tam; Cambridge University
Eric Young; University of Virginia
   Presented by: Eric Young, University of Virginia
 

A Theory of Blind Trading
By Cyril Monnet; Universitat Bern
Erwan Quintin; University of Wisconsin at Madison
   Presented by: Erwan Quintin, University of Wisconsin at Madison
 
Session 37: Informational Frictions
June 26, 2014 16:30 to 18:00
142
 
Session type: contributed
 

A Theory of Balance Sheet Recessions with Informational and Trading Frictions
By Vladimir Asriyan; UC Berkeley
   Presented by: Vladimir Asriyan, UC Berkeley
 

Public Information in Populations with Heterogeneous Interests
By Kristoffer Nimark; CREI
   Presented by: Kristoffer Nimark, CREI
 

Coordination Capital
By Edouard Schaal; New York University
Mathieu Taschereau-Dumouchel; University of Pennsylvania - Wharton
   Presented by: Mathieu Taschereau-Dumouchel, University of Pennsylvania - Wharton
 
Session 38: Home Equity, Portfolio Choice, and Default Decisions
June 26, 2014 16:30 to 18:00
147
 
Session type: contributed
 

Household Finance: Education, Permanent Income and Portfolio Choice
By Guozhong Zhu; Peking University
   Presented by: Guozhong Zhu, Peking University
 

Equity Extraction and Mortgage Default
By Steven Laufer; Federal Reserve Board
   Presented by: Steven Laufer, Federal Reserve Board
 

Bankruptcy, Delinquency and Debt after the 2005 Bankruptcy Law.
By Stefania Albanesi; Federal Reserve Bank of New York
Jaromir Nosal; Columbia University
   Presented by: Jaromir Nosal, Columbia University
 
Session 39: Dynamic Household Decision Making
June 26, 2014 16:30 to 18:00
1065
 
Session type: invited
 

What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital?
By George-Levi Gayle; Washington University in St. Louis
Limor Golan; University of Washington in St. Louis
Mehmet Soytas; Ozyegin University
   Presented by: Limor Golan, University of Washington in St. Louis
 

Labor Supply, Wealth Dynamics and Marriage Decisions
By Maurizio Mazzocco; UCLA
Claudia Ruiz; World Bank
Shintaro Yamaguchi; McMaster University
   Presented by: Claudia Ruiz, World Bank
 

Prenuptial Contracts, Labor Supply and Household Investments
By Alessandra Voena; University of Chicago
   Presented by: Alessandra Voena, University of Chicago
 
Session 40: Optimal Policy in Open Economies
June 26, 2014 16:30 to 18:00
LL1010
 
Session type: invited
 

Pecuniary Externalities and Capital Controls
By ,
   Presented by: Markus Brunnermeier, Princeton University
 

Are Capital Controls Prudential? An Empirical Investigation
By Andres Fernandez; Inter American Development Bank
Alessandro Rebucci; The Johns Hopkins Carey Business School
Martin Uribe; Columbia University
   Presented by: Andres Fernandez, Inter American Development Bank
 

Macroprudential Regulation in a Currency Union
By ,
   Presented by: Oleg Itskhoki, Princeton University
 
Session 41: Chinese Economic Transition
June 26, 2014 16:30 to 18:00
LL1020
 
Session type: contributed
 

Will China Escape the Middle-income Trap? A Politico-economic Theory of Growth and State Capitalism
[slides]
By Yikai Wang
   Presented by: Yikai Wang,
 

Breaking the "Iron Rice Bowl" and Precautionary Savings: Evidence from Chinese State-Owned Enterprises Reform
By Hui He; Shanghai University of Finance and Econo
Feng Huang; Shanghai University of Finance and Economics
Zheng Liu; FRBSF
Dongming Zhu; Shanghai University of Finance and Economics
   Presented by: Hui He, Shanghai University of Finance and Econo
 

Partial Insurance and Aggregate Welfare in China: 1989 to 2009
By Raul Santaeulalia-Llopis; Washington University in St. Louis
Yu Zheng; City University of Hong Kong
   Presented by: Yu Zheng, City University of Hong Kong
 
Session 42: Dale Mortensen Honorary Session: Working Papers
June 26, 2014 16:30 to 18:00
LL1025
 
Session type: invited
 

Equilibrium Labor Turnover, Firm Growth and Unemployment
By Melvyn Coles
Dale Mortensen; Northwestern University
   Presented by: Melvyn Coles,
 

Wage and Productivity Dispersion: The Roles of Rent Sharing, Labor Quality and Capital Intensity
By Jesper Bagger; Royal Holloway, University of London
Bent Christensen; University of Aarhus
   Presented by: Jesper Bagger, Royal Holloway, University of London
 

Labor Market Friction, Firm Heterogeneity, and Aggregate Employment and Productivity
By Rasmus Lentz; University of Wisconsin-Madison
Dale Mortensen; Northwestern University
   Presented by: Rasmus Lentz, University of Wisconsin-Madison
 
Session 43: Topics in Political Economy I
June 26, 2014 16:30 to 18:00
133
 
Session type: contributed
 

Dynamic Natural Monopoly Regulation: Time Inconsistency, Asymmetric Information, and Political Environments
By Claire Lim; Cornell University
Ali Yurukoglu; Stanford University
   Presented by: Claire Lim, Cornell University
 

THE EFFECT OF CAMPAIGN CONTRIBUTIONS ON STATE BANKING REGULATION AND BANK EXPANSION IN U.S.
By Hector Perez Saiz; Bank of Canada
Aggey Semenov; University of Ottawa
   Presented by: Hector Perez Saiz, Bank of Canada
 

Austerity plans and tax evasion : theory and evidence from Greece
By Francesco Pappada; University of Lausanne
Yanos Zylberberg; Universitat Pompeu Fabra
   Presented by: Francesco Pappada, University of Lausanne
 
Session 44: Asset Prices, Macroeconomics, and Long Run Risks
June 26, 2014 16:30 to 18:00
LL1030
 
Session type: contributed
 

How much would you pay to resolve long-run risk?
By Larry Epstein; Boston University
Emmanuel Farhi; Harvard
Tomasz Strzalecki; Harvard University
   Presented by: Larry Epstein, Boston University
 

Good and Bad Uncertainty: Macroeconomic and Financial Market Implications
By Amir Yaron; University of Pennsylvania
   Presented by: Amir Yaron, University of Pennsylvania
 

The Common Factor in Idiosyncratic Volatility
By Bernard Herskovic; New York University
Bryan Kelly; University of Chicago
Hanno Lustig; Anderson School of Business
Stijn Van Nieuwerburgh; NYU Stern School of Business
   Presented by: Stijn Van Nieuwerburgh, NYU Stern School of Business
 
Session 45: Applied Applied Work on Migration
June 26, 2014 16:30 to 18:00
151
 
Session type: contributed
 

Migrant Remittances and Information Flows: Evidence from a Field Experiment
By Catia Batista; Nova University of Lisbon
Gaia Narciso; Trinity College Dublin
   Presented by: Gaia Narciso, Trinity College Dublin
 

Delinking Land Rights from Land Use: Certification and Migration in Mexico
By Alain de Janvry; University of California at Berkeley
Kyle Emerick; UC Berkeley
Marco Gonzalez-Navarro; University of Toronto
Elisabeth Sadoulet; University of California at Berkeley
   Presented by: Marco Gonzalez-Navarro, University of Toronto
 

Misallocation, Internal Trade, and the Role of Transportation Infrastructure
By Jose Asturias; Georgetown University
Manuel García-Santana; ECARES
Roberto Ramos; Bank of Spain
   Presented by: Manuel García-Santana, ECARES
 
Session 46: International Transmission of Shocks
June 26, 2014 16:30 to 18:00
LL1035
 
Session type: contributed
 

Global Entropy
By Mariano Croce; University of North Carolina at Chapel H
Thien Nguyen; Wharton, UPenn
Lukas Schmid; UCLA
   Presented by: Thien Nguyen, Wharton, UPenn
 

Global Banks' Dynamics and the International Transmission of Shocks
By Jose Fillat; Federal Reserve Bank of Boston
Stefania Garetto; Boston University
Martin Goetz; Goethe University, Frankfurt am Main
   Presented by: Stefania Garetto, Boston University
 

Trade and the Geographic Spread of the Great Recession
By Sebastian Stumpner; UC Berkeley
   Presented by: Sebastian Stumpner, UC Berkeley
 
Session 47: Optimal Contracts and Moral Hazard
June 26, 2014 16:30 to 18:00
157
 
Session type: contributed
 

Incentives, Project Choice, and Dynamic Multitasking
By Martin Szydlowski; University of Minnesota
   Presented by: Martin Szydlowski, University of Minnesota
 

Optimal Contract, Ownership Structure and Asset Pricing
By Hae Won (Henny) Jung; University of Melbourne
Qi Zeng; University of Melbourne
   Presented by: Qi Zeng, University of Melbourne
 

The Complexity of CEO Compensation: Incentives and Learning
By Arantxa Jarque; Federal Reserve Bank of Richmond
   Presented by: Arantxa Jarque, Federal Reserve Bank of Richmond
 
Session 48: Networks in Macroeconomics
June 26, 2014 16:30 to 18:00
LL1060
 
Session type: invited
 

Firm Volatility in Granular Networks
By Bryan Kelly; University of Chicago
Hanno Lustig; Anderson School of Business
Stijn Van Nieuwerburgh; NYU Stern School of Business
   Presented by: Bryan Kelly, University of Chicago
 

Supply Chain Disruptions: Evidence from Great East Japan Earthquake
By Vasco Carvalho; University of Cambridge and CREi
Makoto Nirei; Hitotsubashi University
Yukiko Saito; RIEITI
   Presented by: Vasco Carvalho, University of Cambridge and CREi
 

Diversification in the Small and in the Large: Evidence from Trade Networks
By Julien Martin; UQAM
Isabelle Mejean; Ecole Polytechnique
   Presented by: Julien Martin, UQAM
 
Session 49: Information and Credit Risk
June 27, 2014 9:30 to 11:00
1065
 
Session type: contributed
 

Rating Agencies
By Harold Cole; University of Pennsylvania
Thomas Cooley; New York University
   Presented by: Thomas Cooley, New York University
 

Dynamic Dispersed Information and the Credit Spread Puzzle
By Elias Albagli; Central Bank of Chile
Christian Hellwig; Toulouse School of Economics
Aleh Tsyvinski; Yale University
   Presented by: Elias Albagli, Central Bank of Chile
 

Robust Stress Testing
By Rhys Bidder; Federal Reserve Bank of San Francisco
Andrew McKenna; Federal Reserve Bank of San Francisco
   Presented by: Rhys Bidder, Federal Reserve Bank of San Francisco
 
Session 50: Sectoral Views on Growth and Development
June 27, 2014 9:30 to 11:00
151
 
Session type: invited
 

Wages, Human Capital, and the Allocation of Labor across Sectors
By Berthold Herrendorf; Arizona State University
Todd Schoellman; Arizona State University
   Presented by: Todd Schoellman, Arizona State University
 

Structural Transformation and the Rural-Urban Divide
[slides]
By Viktoria Hnatkovska; University of British Columbia
Amartya Lahiri; University of British Columbia
   Presented by: Amartya Lahiri, University of British Columbia
 

Structural Change and the Dynamics of Real Exchange Rate
By Yong Wang; Hong Kong University of Science and Tech
Juanyi Xu; Hong Kong Univ of Science and Technology
Xiaodong Zhu; University of Toronto
   Presented by: Xiaodong Zhu, University of Toronto
 
Session 51: Human Capital Accumulation
June 27, 2014 9:30 to 11:00
157
 
Session type: contributed
 

Human Capital Accumulation in a Federation
By Daniele Coen-Pirani; University of Pittsburgh
   Presented by: Daniele Coen-Pirani, University of Pittsburgh
 

Risky, Lumpy Human Capital in Household Portfolios
By Kartik Athreya; Federal Reserve Bank of Richmond
Felicia Ionescu; Federal Reserve Board
Urvi Neelakantan; Federal Reserve Bank of Richmond
   Presented by: Felicia Ionescu, Federal Reserve Board
 

Wealth Distribution and Human Capital: How Borrowing Constraints Shape Educational Systems
By Marti Mestieri; Toulouse School of Economics
   Presented by: Marti Mestieri, Toulouse School of Economics
 
Session 52: Employment and Occupational Choice
June 27, 2014 9:30 to 11:00
133
 
Session type: contributed
 

What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle
By Martin Gervais; University of Iowa
Nir Jaimovich; Duke University
Henry Siu; University of British Columbia
Yaniv Yedid-Levi; The University of British Columbia
   Presented by: Martin Gervais, University of Iowa
 

Learning, Occupational Choice and Human Capital Accumulation: A Multi-Armed Bandit Approach
By Rafael Lopes de Melo; University of Chicago
Theodore Papageorgiou; Penn State University
   Presented by: Theodore Papageorgiou, Penn State University
 

Hiring Practices, Duration Dependence, and Long-Term Unemployment
By Gregor Jarosch; University of Chicago
Laura Pilossoph; Federal Reserve Bank of New York
   Presented by: Laura Pilossoph, Federal Reserve Bank of New York
 
Session 53: Inflation and Welfare in Modern Monetary Models
June 27, 2014 9:30 to 11:00
LL1010
 
Session type: contributed
 

A Model of Monetary Exchange with Lumpy Consumption
By Guillaume Rocheteau; University of California, Irvine
Pierre-Olivier Weill; UCLA
Tsz-Nga Wong; Bank of Canada
   Presented by: Tsz-Nga Wong, Bank of Canada
 

Central Bank Purchases of Private Assets
By Stephen Williamson; Washington University in St. Louis
   Presented by: Stephen Williamson, Washington University in St. Louis
 

Rehypothecation
By David Andolfatto; Federal Reserve Bank of St. Louis
Fernando Martin; Federal Reserve Bank of St. Louis
Shengxing Zhang; New York University
   Presented by: Fernando Martin, Federal Reserve Bank of St. Lousi
 
Session 54: Applications of Dynamic Contracts to Finance
June 27, 2014 9:30 to 11:00
LL1020
 
Session type: invited
 

Optimal Design of Internal Disclosure
[slides]
By Dmitry Orlov; Stanford Graduate School of Business
   Presented by: Dmitry Orlov, Stanford Graduate School of Business
 

Adverse Selection, Slow Moving Capital and Misallocation
By William Fuchs; University of California - Berkeley
Brett Green; UC Berkeley--Haas School of Business
Dimitris Papanikolaou; Northwestern University
   Presented by: Brett Green, UC Berkeley--Haas School of Business
 

Impatience vs. incentives
[slides]
By Marcus Opp; UC Berkeley, Haas School of Business
John Zhu; Wharton
   Presented by: Marcus Opp, UC Berkeley, Haas School of Business
 
Session 55: Search in the Housing Market
June 27, 2014 9:30 to 11:00
142
 
Session type: contributed
 

Buying First or Selling First? Buyer-Seller Decisions and Housing Market Volatility
By Espen Moen; Norwegian Business School-BI
Plamen Nenov; Norwegian Business School (BI)
   Presented by: Plamen Nenov, Norwegian Business School (BI)
 

Homeownership and the Scarcity of Rentals
By Jonathan Halket; University of Essex
Matteo Pignatti; New York University
   Presented by: Jonathan Halket, University of Essex
 

moving house
By Rachel Ngai; london school of economics
Kevin Sheedy; London School of Economics
   Presented by: Rachel Ngai, london school of economics
 
Session 56: Dynamic Tax Policy
June 27, 2014 9:30 to 11:00
LL1025
 
Session type: contributed
 

Optimal Taxation with Incomplete Markets
By anmol bhandari; New York University
David Evans; New York University
Mikhail Golosov; Princeton University
Thomas Sargent; New York University
   Presented by: David Evans, New York University
 

Debt and government spending in ambiguous times
By Axelle Ferriere; New York University
Anastasios Karantounias; Federal Reserve Bank of Atlanta
   Presented by: Anastasios Karantounias, Federal Reserve Bank of Atlanta
 

Transitional Dynamics and Long-Run Optimal Taxation under Incomplete Markets
By Omer Acikgoz; Yeshiva University
   Presented by: Omer Acikgoz, Yeshiva University
 
Session 57: Topics on Global Production
June 27, 2014 9:30 to 11:00
LL1030
 
Session type: invited
 

The Margins of Global Sourcing: Theory and Evidence from U.S. Firms
By Pol Antras; Harvard University
Teresa Fort; Tuck School of Business, Dartmouth
Felix Tintelnot; University of Chicago
   Presented by: Teresa Fort, Tuck School of Business, Dartmouth
 

The Impact of Contract Enforcement Costs on Outsourcing and Aggregate Productivity
By Johannes Boehm; London School of Economics
   Presented by: Johannes Boehm, London School of Economics
 

Export-Learning and FDI with Heterogeneous Firms
By Amanda Jakobsson; Singapore Management University
   Presented by: Amanda Jakobsson, Singapore Management University
 
Session 58: Heterogeneity in Macroeconomics
June 27, 2014 9:30 to 11:00
LL1035
 
Session type: invited
 

Inequality, Recessions and Recoveries
By Fabrizio Perri; University of Minnesota
   Presented by: Fabrizio Perri, University of Minnesota
 

Intergenerational Redistribution through Monetary Policy
By Makoto Nakajima; Federal Reserve Bank of Philadelphia
   Presented by: Makoto Nakajima, Federal Reserve Bank of Philadelphia
 

Labor Heterogeneity and Asset Prices: the Importance of Skilled Labor
By Frederico Belo; University of Minnesota and NBER
Xiaoji Lin; Ohio State University
   Presented by: Frederico Belo, University of Minnesota and NBER
 
Session 59: Understanding the Labor Supply
June 27, 2014 9:30 to 11:00
147
 
Session type: contributed
 

Job Search Behavior among the Employed and Unemployed
By Jason Faberman; Federal Reserve Bank of Chicago
Andreas Mueller; Columbia University
Aysegul Sahin; Federal Reserve Bank of New York
Giorgio Topa; Federal Reserve Bank of New York
   Presented by: Giorgio Topa, Federal Reserve Bank of New York
 

Aggregation and Labor Supply Elasticities
By Monika Merz; University of Vienna
   Presented by: Monika Merz, University of Vienna
 

The Intensity of Job Search and Search Duration
By Jason Faberman; Federal Reserve Bank of Chicago
Marianna Kudlyak; Federal Reserve Bank of Richmond
   Presented by: Jason Faberman, Federal Reserve Bank of Chicago
 
Session 60: Marriage, Work and Intra-household Dynamics
June 27, 2014 9:30 to 11:00
LL1060
 
Session type: invited
 

Relationship Skills in the Labor and Marriage Markets
By Gueorgui Kambourov; University of Toronto
Aloysius Siow; University of Toronto
Laura Turner; University of Toronto
   Presented by: Aloysius Siow, University of Toronto
 

Marriage Market and Labor Market Search with Endogenous Schooling Decisions
By Luca Flabbi; IDB and Georgetown University
Christopher Flinn; New York University
Nezih Guner; ICREA-MOVE
   Presented by: Luca Flabbi, IDB and Georgetown University
 

Household Sharing and Commitment: Evidence from Panel Data on Individual Expenditures and Time Use
By Jeremy Lise; University College London
Ken Yamada; Singapore Management University
   Presented by: Ken Yamada, Singapore Management University
 
Session 61: Public Finance in a Global Economy
June 27, 2014 11:30 to 13:00
1065
 
Session type: invited
 

Rethinking Optimal Currency Areas
By Varadarajan Chari; University of Minneapolis
Alessandro Dovis; Penn State
Patrick Kehoe; Princeton University
   Presented by: Alessandro Dovis, Penn State
 

Sovereign Debt vs Redistributive Taxes: Financing Recoveries in Unequal and Uncommitted Economies
By Alessandro Dovis; Penn State
Mikhail Golosov; Princeton University
Ali Shourideh; University of Pennsylavnia
   Presented by: Ali Shourideh, University of Pennsylavnia
 

Renegotiation and the Maturity Structure of Sovereign Debt
By Ananth Ramanarayanan; University of Western Ontario
   Presented by: Ananth Ramanarayanan, University of Western Ontario
 
Session 62: Macro Labor
June 27, 2014 11:30 to 13:00
LL1010
 
Session type: invited
 

Business Cycles and Household Formation
By Greg Kaplan; Princeton University
   Presented by: Greg Kaplan, Princeton University
 

The Cyclicality of the Opportunity Cost of Employment
By Gabriel Chodorow-Reich; Harvard University
Loukas Karabarbounis; University of Chicago
   Presented by: Gabriel Chodorow-Reich, Harvard University
 

Men Not At Work
By Mark Aguiar; Princeton University
Erik Hurst; University of Chicago
Loukas Karabarbounis; University of Chicago
   Presented by: Erik Hurst, University of Chicago
 
Session 63: Financial Market Imperfections
June 27, 2014 11:30 to 13:00
LL1020
 
Session type: invited
 

Liquidity as Social Expertise
By Pablo Kurlat; Stanford University
   Presented by: Pablo Kurlat, Stanford University
 

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion
By Nicolae Garleanu; University of California, Berkeley
Stavros Panageas; University of Chicago - Booth School of
Jianfeng Yu; University of Minnesota
   Presented by: Nicolae Garleanu, University of California, Berkeley
 

Liquidity Risk and the Dynamics of Arbitrage Capital
By Peter Kondor; Central European University
Dimitri Vayanos; London School of Economics
   Presented by: Peter Kondor, Central European University
 
Session 64: Money, Credit and Inflation
June 27, 2014 11:30 to 13:00
LL1025
 
Session type: invited
 

Inflation Dynamics During the Financial Crisis
By Simon Gilchrist; Boston University
Raphael Schoenle; Brandeis University
jae sim; Federal Reeserve Board
Egon Zakrajsek; Federal Reserve Board
   Presented by: Simon Gilchrist, Boston University
 

Firm Financing over the Business Cycle
By Juliane Begenau; Harvard Business School
Juliana Salomao; University of Minnesota
   Presented by: Juliana Salomao, University of Minnesota
 

High Frequency Identification of Monetary Non-Neutrality
By Emi Nakamura; Columbia University
Jon Steinsson; Columbia University
   Presented by: Emi Nakamura, Columbia University
 
Session 65: Housing and Migration
June 27, 2014 11:30 to 13:00
133
 
Session type: contributed
 

Gross Migration, Housing and Urban Population Dynamics
By Morris Davis; University of Wisconsin-Madison
Jonas Fisher; Federal Reserve Bank of Chicago
Marcelo Veracierto; Federal Reserve Bank of Chicago
   Presented by: Jonas Fisher, Federal Reserve Bank of Chicago
 

Rural-Urban Migration, Structural Change, and Housing Markets in China
By Carlos Garriga; Federal Reserve Bank of St. Louis
Yang Tang; Nanyang Technological University
Ping Wang; Washington University in St. Louis
   Presented by: Yang Tang, Nanyang Technological University
 

The Effects of Labor Migration on Optimal Taxation: An International Tax Competition Analysis
By Soojin Kim; Purdue University
   Presented by: Soojin Kim, Purdue University
 
Session 66: Family Economics
June 27, 2014 11:30 to 13:00
151
 
Session type: contributed
 

Deadbeat Dads
By Meghan Skira; University of Georgia
Andrew Beauchamp; Boston College
Geoffrey Sanzenbacher; Analysis Group
Shannon Seitz; Boston College
   Presented by: Meghan Skira, University of Georgia
 

Marriage Dynamics, Earnings Dynamics, and Lifetime Family Income
By Joseph Altonji; Yale University
Ivan Vidangos; Federal Reserve Board
   Presented by: Ivan Vidangos, Federal Reserve Board
 

DINKs, DEWKs & Co. Marriage, Fertility and Childlessness in the United States
By Thomas Baudin; Université catholique de Louvain
David de la Croix; Université catholique Louvain
Paula Gobbi; Université catholique de Louvain
   Presented by: David de la Croix, Université catholique Louvain
 
Session 67: Macro Approaches to Development
June 27, 2014 11:30 to 13:00
LL1030
 
Session type: invited
 

Lack of Selection and Poor Management Practices: Firm Dynamics in Developing Countries
By Ufuk Akcigit; University of Pennsylvania
Michael Peters; London School of Economics
   Presented by: Michael Peters, London School of Economics
 

Misallocation of Human Capital and the Wealth of Nations
By Junichi Fujimoto; University of Tokyo
David Lagakos; University of California, San Diego
   Presented by: Junichi Fujimoto, University of Tokyo
 

Land Misallocation and Productivity
By Diego Restuccia; University of Toronto
Raul Santaeulalia-Llopis; Washington University in St. Louis
   Presented by: Diego Restuccia, University of Toronto
 
Session 68: Intermediation in Dynamic Contracts
June 27, 2014 11:30 to 13:00
142
 
Session type: contributed
 

Sophisticated Intermediation and Aggregate Volatility
By Luigi Iovino; Bocconi
   Presented by: Luigi Iovino, Bocconi
 

Optimal Dynamic Contracts in Financial Intermediation: With an Application to Venture Capital Financing
[slides]
By Igor Salitskiy; Stanford University
   Presented by: Igor Salitskiy, Stanford University
 

Risk Sharing and Contagion in Networks
By Antonio Cabrales; University College London
Piero Gottardi; European University Institute
Fernando Vega-Redondo; Bocconi University
   Presented by: Piero Gottardi, European University Institute
 
Session 69: Information Frictions in DSGE Models
June 27, 2014 11:30 to 13:00
157
 
Session type: contributed
 

Reputation and Liquidity Traps
By Taisuke Nakata; Federal Reserve Board
   Presented by: Taisuke Nakata, Federal Reserve Board
 

Policy Paradoxes in the New-Keynesian Model
By Michael Kiley; Board of Governors of the Federal Reserve System
   Presented by: Michael Kiley, Board of Governors of the Federal Reserve System
 

The Limits of Monetary Policy Under Imperfect Knowledge
By Stefano Eusepi; Federal Reserve Bank of New York
Marc Giannoni; Federal Reserve Bank of New York
Bruce Preston; Monash University
   Presented by: Stefano Eusepi, Federal Reserve Bank of New York
 
Session 70: Banks, Liquidity and Financial Crises
June 27, 2014 11:30 to 13:00
LL1060
 
Session type: invited
 

Short-Term Debt and Financial Crises:What we can learn from U.S. Treasury Supply
By Arvind Krishnamurthy; Northwestern University
   Presented by: Arvind Krishnamurthy, Northwestern University
 

Capital Requirements in a Quantitative Model of Banking Industry Dynamics
By Pablo D'Erasmo; University of Maryland / FRB Philadelphi
   Presented by: Pablo D'Erasmo, University of Maryland / FRB Philadelphi
 

Banks, Liquidity Management and Monetary Policy
By Javier Bianchi; University of Wisconsin
   Presented by: Javier Bianchi, University of Wisconsin
 
Session 71: Firms' Heterogeneity
June 27, 2014 11:30 to 13:00
147
 
Session type: contributed
 

Credit Shocks in an Economy with Heterogeneous Firms and Default
By Aubhik Khan; Ohio State University
Tatsuro Senga; The Ohio State University
Julia Thomas; The Ohio State University
   Presented by: Julia Thomas, The Ohio State University
 

Serial Entrepreneurship and the Impact of Credit Constraints of Economic Development
By Galina Vereshchagina; Arizona State University
   Presented by: Galina Vereshchagina, Arizona State University
 

Surprise, Surprise - Measuring Firm-Level Investment Innovations
By Ruediger Bachmann; RWTH Aachen University
   Presented by: Ruediger Bachmann, RWTH Aachen University
 
Session 72: Estimation Techniques
June 27, 2014 11:30 to 13:00
LL1035
 
Session type: contributed
 

The Statistical Implications of Common Identifying Restrictions for DSGE Models
By Stephen Morris; UC San Diego
   Presented by: Stephen Morris, UC San Diego
 

Estimation and Counterfactuals in Dynamic Structural Models Using an Euler-Equations Policy-Iteration Mapping
By Victor Aguirregabiria; University of Toronto
Arvind Magesan; University of Calgary
   Presented by: Victor Aguirregabiria, University of Toronto
 

Inference Based on SVARs Identified with Sign and Zero Restrictions: Theory and Applications
By Jonas Arias; Federal Reserve Board
Juan Rubio-Ramirez; Duke University
Daniel Waggoner; Federal Reserve Bank of Atlanta
   Presented by: Jonas Arias, Federal Reserve Board
 
Session 73: Networks and Decentralized Exchange
June 27, 2014 14:30 to 16:00
1065
 
Session type: invited
 

Mandatory Disclosure and Financial Contagion
By Fernando Alvarez; University of Chicago
Gadi Barlevy; Federal Reserve Bank of Chicago
   Presented by: Gadi Barlevy, Federal Reserve Bank of Chicago
 

Misallocation in the Market for Inputs
By Ezra Oberfield; Princeton University
   Presented by: Ezra Oberfield, Princeton University
 

Decentralized Asset Markets with a Continuum of Types
By Julien Hugonnier; EPFL
Benjamin Lester; Federal Reserve Bank of Philadelphia
Pierre-Olivier Weill; UCLA
   Presented by: Benjamin Lester, Federal Reserve Bank of Philadelphia
 
Session 74: Public Debt Management
June 27, 2014 14:30 to 16:00
142
 
Session type: invited
 

Government Debt Management: The Long and Short of It
By Rigas Oikonomou; HEC Montreal
   Presented by: Rigas Oikonomou, HEC Montreal
 

Credibility and the Maturity of Government Debt
By Cristina Arellano; Federal Reserve Bank of Minneapolis
Yan Bai; University of Rochester
Patrick Kehoe; Princeton University
Ananth Ramanarayanan; University of Western Ontario
   Presented by: Yan Bai, University of Rochester
 

Optimal Government Debt Maturity Structure
By Davide Debortoli; Universitat Pompeu Fabra
Ricardo Nunes; Federal Reserve Board
Pierre Yared; Columbia University
   Presented by: Davide Debortoli, Universitat Pompeu Fabra
 
Session 75: Real Estate - Presented by the Centre for Real Estate and Urban Economics
June 27, 2014 14:30 to 16:00
LL1010
 
Session type: contributed
 

Proposition 13: An Equilibrium Analysis
By Ayse Imrohoroglu; usc
   Presented by: Ayse Imrohoroglu, usc
 

Default When House Prices are Uncertain
By Morris Davis; University of Wisconsin-Madison
Erwan Quintin; University of Wisconsin at Madison
   Presented by: Morris Davis, University of Wisconsin-Madison
 

The Returns to Single Family Rental Strategies
[slides]
By andrew demers; nyu
Andrea Eisfeldt; UCLA Anderson School of Management
   Presented by: Andrea Eisfeldt, UCLA Anderson School of Management
 
Session 76: Capital and Business Cycles
June 27, 2014 14:30 to 16:00
LL1020
 
Session type: contributed
 

Entry, Exit and the Shape of Aggregate Fluctuations in a General Equilibrium Model with Capital Heterogeneity
By Gian Luca Clementi; Stern School of Business
Aubhik Khan; Ohio State University
Berardino Palazzo; Boston University, School of management
Julia Thomas; The Ohio State University
   Presented by: Aubhik Khan, Ohio State University
 

Inventories and the Role of Goods-Market Frictions for Business Cycles
By Wouter Den Haan; London School of Economics
   Presented by: Wouter Den Haan, London School of Economics
 

The Impact of Intangible Investments on the Macroeconomy
By Ellen McGrattan; University of Minnesota
   Presented by: Ellen McGrattan, University of Minnesota
 
Session 77: Growth and Human Capital
June 27, 2014 14:30 to 16:00
133
 
Session type: contributed
 

Lifecycle Human Capital Accumulation Across Countries: Lessons From U.S. Immigrants
By David Lagakos; University of California, San Diego
Benjamin Moll; Princeton University
Tommaso Porzio; Yale University
Nancy Qian; Yale University
Todd Schoellman; Arizona State University
   Presented by: Tommaso Porzio, Yale University
 

On the Origin and Causes of Economic Growth
By Nicolas Roys; University of Wisconsin - Madison
Ananth Seshadri; University of Wisconsin
   Presented by: Nicolas Roys, University of Wisconsin - Madison
 

Human Capital and Development Accounting: New Evidence from Immigrant Earnings
By Lutz Hendricks; UNC Chapel Hill
Todd Schoellman; Arizona State University
   Presented by: Lutz Hendricks, UNC Chapel Hill
 
Session 78: Labor Market Dynamics
June 27, 2014 14:30 to 16:00
147
 
Session type: contributed
 

A Generalized Model of Stock-Flow Matching
By Carlos Carrillo-Tudela; University of Essex
William Hawkins; Yeshiva University
   Presented by: William Hawkins, Yeshiva University
 

The Asymmetric Cyclical Behavior of the U.S. Labor Market
By Domenico Ferraro; Duke University
   Presented by: Domenico Ferraro, Duke University
 

Sectoral Shift, Job Mobility and Wage Inequality
By Florian Hoffmann; University of British Columbia
Shouyong Shi; University of Toronto
   Presented by: Shouyong Shi, University of Toronto
 
Session 79: Trade Models - Presented by the Rotman Institute for International Business
June 27, 2014 14:30 to 16:00
LL1025
 
Session type: invited
 

Borders, Geography and Oligopoly: Evidence from the Wind Turbine Industry
By Felix Tintelnot; University of Chicago
A. Kerem Cosar; University of Chicago
Paul Grieco; Pennsylvania State University
   Presented by: Felix Tintelnot, University of Chicago
 

The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
By Lorenzo Caliendo; Yale University
Fernando Parro; Federal Reserve Board
Esteban Rossi-Hansberg; Princeton University
Pierre-Daniel Sarte; Federal Reserve Bank of Richmond
   Presented by: Fernando Parro, Federal Reserve Board
 

TradeModels and Trade Elasticities
By Mike Waugh; New York University
   Presented by: Mike Waugh, New York University
 
Session 80: Topics in Macroeconomics and Finance
June 27, 2014 14:30 to 16:00
LL1030
 
Session type: invited
 

The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World
By Roger Farmer; University of California Los Angeles
   Presented by: Roger Farmer, University of California Los Angeles
 

Constrained Discretion and Central Bank Transparency
By Francesco Bianchi; Duke University/U. of Pennsylvania
   Presented by: Francesco Bianchi, Duke University/U. of Pennsylvania
 

Productivity and the Welfare of Nations
By Susanto Basu; Boston College
   Presented by: Susanto Basu, Boston College
 
Session 81: Financial Crises
June 27, 2014 14:30 to 16:00
LL1035
 
Session type: contributed
 

Corporate Cash and Employment
By Philippe Bacchetta; University of Lausanne
Kenza Benhima; University of Lausanne (HEC)
Celine Poilly; University of Lausanne
   Presented by: Philippe Bacchetta, University of Lausanne
 

Sticky Leverage
By Joao Gomes; University of Pennsylvania
Urban Jermann; University of Pennsylvania
Lukas Schmid; UCLA
   Presented by: Joao Gomes, University of Pennsylvania
 

Financial Distress and Endogenous Uncertainty
By Francois Gourio; FRB Chicago
   Presented by: Francois Gourio, FRB Chicago
 
Session 82: Life Cycle and Savings Decisions
June 27, 2014 14:30 to 16:00
151
 
Session type: contributed
 

The Macroeconomics of Alzheimer: A Few Scenarios
By Christian Zimmermann; Federal Reserve Bank of St. Louis
   Presented by: Christian Zimmermann, Federal Reserve Bank of St. Louis
 

Life-Cycle Asset Allocation with Ambiguity Aversion and Learning
By Kim Peijnenburg; Bocconi University
   Presented by: Kim Peijnenburg, Bocconi University
 

Inequality and the Marriage Gap
By Nawid Siassi; University of Konstanz
   Presented by: Nawid Siassi, University of Konstanz
 
Session 83: Social Interactions
June 27, 2014 14:30 to 16:00
157
 
Session type: contributed
 

Fertility, Social Mobility and Long Run Inequality: Barro-Becker Families in a Bewley World
By Juan Cordoba; Iowa State University
Marla Ripoll; University of Pittsburgh
   Presented by: Marla Ripoll, University of Pittsburgh
 

The Geography of Social Change
By Alessandra Fogli; Federal Reserve Bank of Minneapolis
Stefania Marcassa; Université de Cergy-Pontoise
   Presented by: Alessandra Fogli, Federal Reserve Bank of Minneapolis
 

Discrete Games in Endogenous Networks: Theory and Policy
By Anton Badev; Federal Reserve Board
   Presented by: Anton Badev, Federal Reserve Board
 
Session 84: Advances in Open Macroeconomics and Finance
June 27, 2014 14:30 to 16:00
LL1060
 
Session type: invited
 

Take the Short Route: How to repay and restructure sovereign debt with multiple maturities
By Mark Aguiar; Princeton University
Manuel Amador; Federal Reserve Bank of Minneapolis
   Presented by: Mark Aguiar, Princeton University
 

Labor Mobility in Currency Unions
By Emmanuel Farhi; Harvard University
Ivan Werning; Massachusetts Institute of Technology
   Presented by: Emmanuel Farhi, Harvard University
 

International Liquidity and Exchange Rate Dynamics
By Matteo Maggiori; NYU
Xavier Gabaix; Stern School of Business
   Presented by: Matteo Maggiori, NYU
 
Session 85: Income Distribution and Risk Sharing
June 27, 2014 16:30 to 18:00
151
 
Session type: contributed
 

Capital Income Taxation with Household and Firm Heterogeneity
By Alexis Anagnostopoulos; Stony Brook University
Orhan Atesagaoglu; SUNY-Stony Brook
Eva Carceles-Poveda; Stony Brook University
   Presented by: Alexis Anagnostopoulos, Stony Brook University
 

Labor Shares and Income Inequality
By Jonathan Adams; University of Chicago
Loukas Karabarbounis; University of Chicago
Brent Neiman; University of Chicago
   Presented by: Brent Neiman, University of Chicago
 

Unemployment (fears), precautionary savings, and aggregate demand
By Pontus Rendahl; University of Cambridge
Markus Riegler; LSE
Wouter den Haan
   Presented by: Markus Riegler, LSE
 
Session 86: Sources of Risk in Macro-Asset-Pricing Models
June 27, 2014 16:30 to 18:00
142
 
Session type: contributed
 

Long-Term Asset Price Volatility and Macroeconomic Fluctuations
By Miguel Iraola; University of Miami
Manuel Santos; University of Miami
   Presented by: Miguel Iraola, University of Miami
 

External Equity Financing Costs, Financial Flows, and Asset Prices
By Frederico Belo; University of Minnesota and NBER
Xiaoji Lin; The Ohio State University
Fan Yang; University of Hong Kong
   Presented by: Xiaoji Lin, The Ohio State University
 

The Origins of Stock Market Fluctuations
By Daniel Greenwald; New York University
Martin Lettau; Haas School of Business
Sydney Ludvigson; New York University
   Presented by: Daniel Greenwald, New York University
 
Session 87: Sovereign Default and Maturity
June 27, 2014 16:30 to 18:00
1065
 
Session type: contributed
 

Sovereign default and the choice of maturity
By Juan Sanchez; Federal Reserve Bank of St. Louis
Horacio Sapriza; Board of Governors
Emircan Yurdagul; Washington University in Saint Louis
   Presented by: Horacio Sapriza, Board of Governors
 

Maturity and Repayment Structure of Sovereign Debt
By Yan Bai; University of Rochester
Seon Tae Kim; Instituto Tecnológico Autónomo de México
Gabriel Mihalache; University of Rochester
   Presented by: Gabriel Mihalache, University of Rochester
 

Optimal Taxation with Endogenous Default under Incomplete Markets
By Demian Pouzo; UC Berkeley
Ignacio Presno; Federal Reserve Bank of Boston
   Presented by: Ignacio Presno, Federal Reserve Bank of Boston
 
Session 88: Information Frictions in Macro-Finance
June 27, 2014 16:30 to 18:00
LL1010
 
Session type: invited
 

Uncertainty Shocks and the Role of the Black Swan
[slides]
By Anna Orlik; Federal Reserve Board of Governors
Laura Veldkamp; NYU Stern
   Presented by: Laura Veldkamp, NYU Stern
 

Units of Account and the Informational Role of Prices
By Guido Lorenzoni; Northwestern University
   Presented by: Guido Lorenzoni, Northwestern University
 

The Social Value of Private Information
By Tarek Hassan; The University of Chicago
Thomas Mertens; New York University
   Presented by: Thomas Mertens, New York University
 
Session 89: Formal and Informal Institutions in Economic Development
June 27, 2014 16:30 to 18:00
LL1020
 
Session type: invited
 

Mis-allocation of Political Capital
By Frederico Finan; stanford
Maurizio Mazzocco; UCLA
   Presented by: Maurizio Mazzocco, UCLA
 

Globalization and Political Structure
By Gino Gancia; CREI
   Presented by: Gino Gancia, CREI
 

Making Democracy Work: The Effects of Social Capital and Elections on Public Goods in China
By Nancy Qian; Yale University
   Presented by: Nancy Qian, Yale University
 
Session 90: Dale Mortensen Honorary Session: Search and Matching
June 27, 2014 16:30 to 18:00
LL1025
 
Session type: invited
 

Marriage, Markets and Money: A Coasian Theory of Household Formation
By Randall Wright; U Wisconsin
   Presented by: Randall Wright, U Wisconsin
 

Equilibrium Price Dispersion with Sequential Search
By Guido Menzio; University of Pennsylvania
Nicholas Trachter; Federal Reserve Bank of Richmond
   Presented by: Guido Menzio, University of Pennsylvania
 

A Simple Model of Price Dispersion and Price Rigidity
By Kenneth Burdett; UPenn
Guido Menzio; University of Pennsylvania
Randall Wright; U Wisconsin
   Presented by: Kenneth Burdett, UPenn
 

The net benefit from employment and duration dependence in the exit rate from unemployment
By Robert Shimer; University of Chicago
Katarina Borovickova; New York University
Fernando Alvarez; University of Chicago
   Presented by: Robert Shimer, University of Chicago
 
Session 91: Fertility and Childcare
June 27, 2014 16:30 to 18:00
LL1030
 
Session type: contributed
 

Bargaining over Babies
By Matthias Doepke; Northwestern University
Fabian Kindermann; University of Wuerzburg
   Presented by: Fabian Kindermann, University of Wuerzburg
 

Childcare and commitment within households
By Paula Gobbi; Université catholique de Louvain
   Presented by: Paula Gobbi, Université catholique de Louvain
 
Session 92: Industrial Organization
June 27, 2014 16:30 to 18:00
LL1035
 
Session type: contributed
 

The Illiquidity of Water Markets
By Javier Donna; The Ohio State University
Jose-Antonio Espin-Sanchez; Northwestern University
   Presented by: Javier Donna, The Ohio State University
 

Efficiency and Foreclosure Effects of All-Units Discounts: Empirical Evidence
By Christopher Conlon; Columbia University
Julie Mortimer; Boston College
   Presented by: Julie Mortimer, Boston College
 

Why is Productivity Correlated with Competition?
By Matthew Backus; Cornell University
   Presented by: Matthew Backus, Cornell University
 
Session 93: Bank Runs
June 27, 2014 16:30 to 18:00
157
 
Session type: contributed
 

Equilibrium Bank Runs Revisied
[slides]
By David Andolfatto; Federal Reserve Bank of St. Louis
Ed Nosal; Federal Reserve Bank of Chicago
Bruno Sultanum; The Pennsylvania State University
   Presented by: Bruno Sultanum, The Pennsylvania State University
 

Transparency and Bank runs
By Cecilia Parlatore Siritto; The Wharton School - University of Penns
   Presented by: Cecilia Parlatore Siritto, The Wharton School - University of Penns
 

Optimal investment taxes and efficient market provision of liquidity in the Diamond-Dybvig model
By Borys Grochulski; Federal Reserve Bank of Richmond
Yuzhe Zhang; Texas A&M University
   Presented by: Borys Grochulski, Federal Reserve Bank of Richmond
 
Session 94: Technology and Productivity
June 27, 2014 16:30 to 18:00
LL1060
 
Session type: contributed
 

Micro Data and Macro Technology
By Ezra Oberfield; Princeton University
Devesh Raval; Federal Trade Commission
   Presented by: Devesh Raval, Federal Trade Commission
 

On the Efficiency of the World Capital Allocation
By Alexander Monge; Penn State University
Juan Sanchez; Federal Reserve Bank of St. Louis
Raul Santaeulalia-Llopis; Washington University in St. Louis
   Presented by: Alexander Monge, Penn State University
 

Dynamics of Factor Productivity Dispersions
By Christian Bayer; Universitaet Bonn
Ariel Mecikovsky; Universitaet Bonn
Matthias Meier; Universitaet Bonn
   Presented by: Matthias Meier, Universitaet Bonn
 
Session 95: Optimal Monetary Policy
June 27, 2014 16:30 to 18:00
133
 
Session type: contributed
 

Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing
By Saroj Bhatarai; Pennsylvania State University
Gauti Eggertsson; Brown University
Bulat Gafarov; Pennsylvania State University
   Presented by: Bulat Gafarov, Pennsylvania State University
 

Uncertainty and the Signaling Channel of Monetary Policy
By Jenny Tang; Harvard University
   Presented by: Jenny Tang, Harvard University
 

Commitment versus Discretion in a Political Economy Model of Fiscal and Monetary Policy Interaction
By David Miller; Federal Reserve Board
   Presented by: David Miller, Federal Reserve Board
 
Session 96: Fiscal Policy and Uncertainty
June 27, 2014 16:30 to 18:00
147
 
Session type: contributed
 

The Welfare Costs of Fiscal Uncertainty: a Quantitative Evaluation
By Ruediger Bachmann; RWTH Aachen University
Jinhui Bai; Georgetown University
Minjoon Lee; University of Michigan
Fudong Zhang; University of Michigan
   Presented by: Jinhui Bai, Georgetown University
 

Uncertainty and Fiscal Cliffs
By Troy Davig; Federal Reserve Bank of Kansas City
Andrew Foerster; Federal Reserve Bank of Kansas City
   Presented by: Andrew Foerster, Federal Reserve Bank of Kansas City
 

Robust Dynamic Optimal Taxation and Environmental Externalities
By Borghan Narajabad; Federal Reserve
Ted Temzelides; Rice University
   Presented by: Borghan Narajabad, Federal Reserve
 
Session 97: Household Debt and the Macroeconomy
June 28, 2014 9:30 to 11:00
1065
 
Session type: invited
 

Why is too much leverage bad for the economy?
By John Geanakoplos; Yale University
Felix Kubler; University of Zurich and SFI
   Presented by: Felix Kubler, University of Zurich and SFI
 

Debt Overhang and Monetary Policy
By Costas Azariadis; Washington University in St Louis
James Bullard
Aarti Singh; University of Sydney
Jacek Suda; Banque de France
   Presented by: Aarti Singh, University of Sydney
 

Credit Supply and the Housing Boom
By Alejandro Justiniano; Federal Reerve Chicago
Giorgio Primiceri; Northwestern University
Andrea Tambalotti; Federal Reserve Bank of New York
   Presented by: Alejandro Justiniano, Federal Reerve Chicago
 
Session 98: Fiscal and Monetary Policy in DSGE Models
June 28, 2014 9:30 to 11:00
151
 
Session type: contributed
 

A Narrative Approach to a Fiscal DSGE Model
By Thorsten Drautzburg; Federal Reserve Bank of Philadelphia
   Presented by: Thorsten Drautzburg, Federal Reserve Bank of Philadelphia
 

When does a central bank's balance sheet require fiscal support?
By Marco Del Negro; Federal Reserve Bank of New York
Christopher Sims; Princeton University
   Presented by: Marco Del Negro, Federal Reserve Bank of New York
 

Monetary and macroprudential policy with multi-period loans
By Michał Brzoza-Brzezina; National Bank of Poland
Paolo Gelain; Norges Bank
Marcin Kolasa; National Bank of Poland
   Presented by: Michał Brzoza-Brzezina, National Bank of Poland
 
Session 99: Wages Dynamics
June 28, 2014 9:30 to 11:00
133
 
Session type: contributed
 

Training Contracts, Worker Overconfidence, and the Provision of Firm-Sponsored General Training
By Mitchell Hoffman; University of Toronto
   Presented by: Mitchell Hoffman, University of Toronto
 

Reconciling the divergence in aggregate U.S. wage series
By Julien Champagne; Bank of Canada
   Presented by: Julien Champagne, Bank of Canada
 

A Dynamic Analysis of Sectoral Mobility, Worker Mismatch, and the Wage-Tenure Profile
By Stephane Auray; CREST-Ensai
David Fuller; Concordia University
Damba Lkhagvasuren; Concordia University
Antoine Terracol; Université Paris 1
   Presented by: Damba Lkhagvasuren, Concordia University
 
Session 100: Effects of Monetary Policy on Asset Prices
June 28, 2014 9:30 to 11:00
LL1010
 
Session type: contributed
 

Macroeconomic linkages between monetary policy and the term structure of interest rates
By Howard Kung; University of British Columbia
   Presented by: Howard Kung, University of British Columbia
 

Monetary Policy Drivers of Bond and Equity Risks
By John Campbell; Harvard University
Carolin Pflueger; University of British Columbia
Luis Viceira; Harvard Business School
   Presented by: Carolin Pflueger, University of British Columbia
 

Financial Frictions and Reaction of Stock Prices to Monetary Policy Shocks
By Ali Ozdagli; Federal Reserve Bank of Boston
   Presented by: Ali Ozdagli, Federal Reserve Bank of Boston
 
Session 101: Productivity, Misallocation and Development
June 28, 2014 9:30 to 11:00
LL1020
 
Session type: contributed
 

Managerial Delegation and Aggregate Productivity
By Jan Grobovsek; University of Edinburgh
   Presented by: Jan Grobovsek, University of Edinburgh
 

Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity
By Jose-Maria Da-Rocha; Universidade de Vigo
Marina Mendes Tavares; ITAM and IMF
Diego Restuccia; University of Toronto
   Presented by: Marina Mendes Tavares, ITAM and IMF
 

Credit, Misallocation and TFP: The case of Mexico (2003-2010)
By Felipe Meza; Instituto Tecnológico Autónomo de Méx
Sangeeta Pratap; Hunter College and CUNY Graduate Center
Carlos Urrutia; ITAM
   Presented by: Sangeeta Pratap, Hunter College and CUNY Graduate Center
 
Session 102: Financial Networks
June 28, 2014 9:30 to 11:00
LL1025
 
Session type: invited
 

Where to Trade: OTC vs Exchanges
By Ana Babus; Imperial College London
Cecilia Parlatore Siritto; The Wharton School - University of Penns
   Presented by: Ana Babus, Imperial College London
 

Intermediation and Voluntary Exposure to Counterparty Risk
By Maryam Farboodi; University of Chicago
   Presented by: Maryam Farboodi, University of Chicago
 

Incomplete Information and Financial Networks
By Jennifer La'O; Columbia University
Alireza Tahbaz-Salehi; Columbia Business School
   Presented by: Jennifer La'O, Columbia University
 
Session 103: Social Security
June 28, 2014 9:30 to 11:00
142
 
Session type: contributed
 

A Historical Welfare Analysis of Social Security: Who Did the Program Benefit?
By William Peterman; Federal Reserve Board of Governors
   Presented by: William Peterman, Federal Reserve Board of Governors
 

Private Pensions, Retirement Wealth and Lifetime Earnings
By James MacGee; UWO
Jie Zhou; Bank of Canada
   Presented by: Jie Zhou, Bank of Canada
 

Social Security and the Interactions Between Aggregate and Idiosyncratic Risk
By Daniel Harenberg; ETH Zürich
Alexander Ludwig; CMR, University of Cologne
   Presented by: Daniel Harenberg, ETH Zürich
 
Session 104: Occupational Mobility
June 28, 2014 9:30 to 11:00
LL1060
 
Session type: contributed
 

Training Programs, Skills, and Human Capital: A Life-Cycle Approach
By Florian Hoffmann; University of British Columbia
Gueorgui Kambourov; University of Toronto
   Presented by: Gueorgui Kambourov, University of Toronto
 

Occupational Mobility Across Years, Decades and a Century
By Sekyu Choi; Universitat Autonoma de Barcelona
   Presented by: Sekyu Choi, Universitat Autonoma de Barcelona
 

The Barriers to Occupational Mobility: An Aggregate Analysis
By Matias Cortes; University of Manchester
Giovanni Gallipoli; UBC
   Presented by: Giovanni Gallipoli, UBC
 
Session 105: Labor Market and Financial Frictions
June 28, 2014 9:30 to 11:00
LL1030
 
Session type: contributed
 

Aggregate implications of financial and labour market frictions
By Andrea Caggese; Pompeu Fabra University
Ander Perez; Universitat Pompeu Fabra
   Presented by: Ander Perez, Universitat Pompeu Fabra
 

Debt Constraints and Unemployment
By Patrick Kehoe; Princeton University
Virgiliu Midrigan; New York University
Elena Pastorino; University of Minnesota
   Presented by: Patrick Kehoe, Princeton University
 

The Impact of Consumer Credit Access on Unemployment
By Kyle Herkenhoff; UCLA
   Presented by: Kyle Herkenhoff, UCLA
 
Session 106: Sovereign Debt Crises
June 28, 2014 9:30 to 11:00
147
 
Session type: contributed
 

The Pass-Through of Sovereign Risk
By Luigi Bocola; University of Pennsylvania
   Presented by: Luigi Bocola, University of Pennsylvania
 

Austerity
By Harris Dellas; University of Bern
Dirk Niepelt; Study Center Gerzensee; U Bern
   Presented by: Dirk Niepelt, Study Center Gerzensee; U Bern
 

Sovereign Bailouts
By Bulent Guler; Indiana University - Bloomington
Juan Hatchondo; Indiana University
Burhanettin Kuruscu; University of Toronto
Leonardo Martinez; International Monetary Fund
   Presented by: Juan Hatchondo, Indiana University
 
Session 107: Job-to-job Flows
June 28, 2014 9:30 to 11:00
LL1035
 
Session type: contributed
 

The growth potential of startups over the business cycle
By Petr Sedlacek; Bonn University
Vincent Sterk; University College London
   Presented by: Petr Sedlacek, Bonn University
 

Cyclical Reallocation of Workers Across Large and Small Employers
By John Haltiwanger; University of Maryland
Henry Hyatt; US Census Bureau
Erika McEntarfer; US Census Bureau
   Presented by: Henry Hyatt, US Census Bureau
 

Measuring Matching Efficiency with Heterogeneous Jobseekers
By Robert Hall; STANFORD UNIVERSITY
Sam Schulhofer-Wohl; Federal Reserve Bank of Minneapolis
   Presented by: Sam Schulhofer-Wohl, Federal Reserve Bank of Minneapolis
 
Session 108: Dynamic Optimal Taxation
June 28, 2014 9:30 to 11:00
157
 
Session type: contributed
 

Optimal taxation with home production
By Conny Olovsson; Sveriges riksbank
   Presented by: Conny Olovsson, Sveriges riksbank
 

Dynamic Capital Tax Competition in a Two-country Model
By Paul Klein; Simon Fraser University
   Presented by: Paul Klein, Simon Fraser University
 

Simple Labor Income Tax Systems with Endogenous Employment Contracts
[slides]
By Anqi Li; Washington University in St. Louis
Yiqing Xing; Stanford University
   Presented by: Yiqing Xing, Stanford University
 
Session 109: Aggregate Implications of Microeconomic Price-setting Behavior
June 28, 2014 11:30 to 13:00
151
 
Session type: contributed
 

Logit Price Dynamics
By James Costain; Bank of Spain
Anton Nakov; ECB and CEPR
   Presented by: Anton Nakov, ECB and CEPR
 

Information Frictions, Nominal Shocks, and the Role of Inventories in Price-Setting Decisions
By Camilo Morales-Jimenez; University of Maryland, College Park
   Presented by: Camilo Morales-Jimenez, University of Maryland, College Park
 

Menu Costs, Aggregate Fluctuations and Large Shocks
[slides]
By Peter Karadi; European Central Bank
Adam Reiff; National Bank of Hungary
   Presented by: Peter Karadi, European Central Bank
 
Session 110: Information and Coordination
June 28, 2014 11:30 to 13:00
1065
 
Session type: invited
 

Market Efficiency and Real Efficiency: The Connect and Disconnect via Feedback Effects
By Itay Goldstein; University of Pennsylvania
Liyan Yang; Joseph L. Rotman School of Management
   Presented by: Itay Goldstein, University of Pennsylvania
 

Precision of Market-Generated Information in Economies with Coordination Motives
By Giacomo Rondina; University of California, San Diego
Myungkyu Shim; University of California, San Diego
   Presented by: Giacomo Rondina, University of California, San Diego
 

Debt Crises: For Whom the Bell Tolls
By Harold Cole; University of Pennsylvania
Daniel Neuhann; University of Pennsylvania
Guillermo Ordonez; University of Pennsylvania
   Presented by: Guillermo Ordonez, University of Pennsylvania
 
Session 111: Sovereign Default and Policies
June 28, 2014 11:30 to 13:00
LL1010
 
Session type: invited
 

Sovereign Risk and Bank Balance Sheets: The Role of Macroprudential Policies
By Emine Boz; International Monetary Fund
Pablo D'Erasmo; University of Maryland / FRB Philadelphi
Bora Durdu; Federal Reserve Board
   Presented by: Bora Durdu, Federal Reserve Board
 

Austerity and Bailouts in Sovereign Debt Restructurings
By David Benjamin; SUNY Buffalo
Mark Wright; Federal Reserve Bank of Chicago
   Presented by: David Benjamin, SUNY Buffalo
 

Sovereign Defaults and Banking Crises
By Cesar Sosa-Padilla; McMaster University
   Presented by: Cesar Sosa-Padilla, McMaster University
 
Session 112: Multisector Economies
June 28, 2014 11:30 to 13:00
157
 
Session type: contributed
 

Forecast Shocks in Production Networks
By Can Tian; University of Pennsylvania
   Presented by: Can Tian, University of Pennsylvania
 

Sectoral Contagion: A Dynamic Factor Analysis \\ of the Great Recession
By Nan Li; International Monetary Fund
Vance Martin; University of Melbourne
   Presented by: Nan Li, International Monetary Fund
 

Aggregate Fluctuations and the Industry Structure of the US Economy
By Julieta Caunedo; Washington University in St. Louis
   Presented by: Julieta Caunedo, Washington University in St. Louis
 
Session 113: Long-run Fertility Dynamics
June 28, 2014 11:30 to 13:00
LL1020
 
Session type: invited
 

Fertility Transitions along the Extensive and Intensive Margin
By Daniel Aaronson; Federal Reserve Bank of Chicago
Fabian Lange; McGill University
   Presented by: Daniel Aaronson, Federal Reserve Bank of Chicago
 

The Biocultural Origins of Human Capital Formation
By Oded Galor; Brown University
Marc Klemp; Brown University
   Presented by: Marc Klemp, Brown University
 

Differential Fertility, Human Capital, and Development
By Tom Vogl; Princeton University
   Presented by: Tom Vogl, Princeton University
 
Session 114: News Shocks
June 28, 2014 11:30 to 13:00
LL1025
 
Session type: invited
 

News Driven Business Cycles: Insights and Challenges
By Franck Portier; Toulouse School of Economics
   Presented by: Franck Portier, Toulouse School of Economics
 

Noisy News in Business Cycles
By Luca Gambetti; Universitat Autonoma de Barcelona
   Presented by: Luca Gambetti, Universitat Autonoma de Barcelona
 

News shocks and Business cycles: Evidence from forecast data
By Wataru Miyamoto; Columbia University
Thuy Lan Nguyen; Columbia University
   Presented by: Thuy Lan Nguyen, Columbia University
 
Session 115: Monetary Policy Design
June 28, 2014 11:30 to 13:00
133
 
Session type: contributed
 

The Perils of Nominal Targets
By Roc Armenter; Federal Reserve Bank of Philadelphia
   Presented by: Roc Armenter, Federal Reserve Bank of Philadelphia
 

Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?
By Davide Debortoli; Universitat Pompeu Fabra
Jinill Kim; Korea University
Jesper Linde; Federal Reserve Board
Ricardo Nunes; Federal Reserve Board
   Presented by: Ricardo Nunes, Federal Reserve Board
 

Monetary and Fiscal Policies in a Heterogeneous-Agent Economy
By Hongfei Sun; Queen's University
   Presented by: Hongfei Sun, Queen's University
 
Session 116: Intergenerational Transmission
June 28, 2014 11:30 to 13:00
LL1035
 
Session type: contributed
 

On The Production of Skills and the Birth Order Effect
By Ronni Pavan
   Presented by: Ronni Pavan,
 

Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission
By Matthias Doepke; Northwestern University
Fabrizio Zilibotti; University of Zurich
   Presented by: Matthias Doepke, Northwestern University
 

Technology and Intergenerational Persistence: Theory and Some Evidence.
By Giovanni Gallipoli; UBC
Brant Abbott; Yale University
   Presented by: Brant Abbott, Yale University
 
Session 117: Self-fulfilling Credit Crises
June 28, 2014 11:30 to 13:00
142
 
Session type: contributed
 

Self-Fulfilling Credit Cycles
By Costas Azariadis; Washington University in St Louis
Leo Kaas; University of Konstanz
Yi Wen; Federal Reserve Bank of St. Louis
   Presented by: Leo Kaas, University of Konstanz
 

Expectations vs. fundamentals: Does the cause of banking panics matter for prudential policy?
By Todd Keister; Rutgers University
Vijay Narasiman; Harvard Business School
   Presented by: Todd Keister, Rutgers University
 

Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies
By Gaetano Gaballo; Banque de France
Ramon Marimon; European University Institute
   Presented by: Gaetano Gaballo, Banque de France
 
Session 118: Income Inequality
June 28, 2014 11:30 to 13:00
LL1030
 
Session type: contributed
 

Evolution of Inequality within Firms
By Jae Song; Social Security Administration
David Price; Stanford University
Fatih Guvenen; University of Minnesota
Nick Bloom; Stanford & CEP
   Presented by: David Price, Stanford University
 

The Distribution of Lifetime Incomes in the United States
By Fatih Guvenen; University of Minnesota
Greg Kaplan; Princeton University
Jae Song; Social Security Administration
   Presented by: Fatih Guvenen, University of Minnesota
 

Consumption and Income Inequality in Sub-Saharan Africa: A Lifetime with No Humps and Low Partial Insurance
By Leandro De Magalhaes; University of Bristol
Raul Santaeulalia-Llopis; Washington University in St. Louis
   Presented by: Leandro De Magalhaes, University of Bristol
 
Session 119: Topics in New Dynamic Public Finance
June 28, 2014 11:30 to 13:00
LL1060
 
Session type: contributed
 

Providing Efficient Incentives to Work: Retirement Ages and the Pension System.
By Ali Shourideh; University of Pennsylavnia
Maxim Troshkin; Cornell University
   Presented by: Maxim Troshkin, Cornell University
 

How Much Does Atlas Shrug?
By Laurence Ales; Carnegie Mellon University
Andres Bellofatto; Carnegie Mellon University
JessieJiaxu Wang; Carnegie Mellon University
   Presented by: Andres Bellofatto, Carnegie Mellon University
 

Differential Mortality and Progressivity of Social Security
By Roozbeh Hosseini; Arizona State University
Ali Shourideh; University of Pennsylavnia
   Presented by: Roozbeh Hosseini, Arizona State University
 
Session 120: Topics in Asset Pricing
June 28, 2014 11:30 to 13:00
147
 
Session type: contributed
 

Complexity in Structured Finance: Financial Wizardry or Smoke and Mirrors
By Andra Ghent; Arizona State University
Rossen Valkanov; University of California, San Diego
   Presented by: Rossen Valkanov, University of California, San Diego
 

International Liquidity CAPM
By Aytek Malkhozov; McGill University
Philippe Mueller; London School of Economics
Andrea Vedolin; London School of Economics
Gyuri Venter; Copenhagen Business School
   Presented by: Gyuri Venter, Copenhagen Business School
 

Asset Pricing and Monetary Policy
By Bingbing Dong; University of Virginia
   Presented by: Bingbing Dong, University of Virginia
 
Session 121: Information Processing and Inaction
June 28, 2014 14:30 to 16:00
1065
 
Session type: invited
 

Sparse Dynamic Programming and Aggregate Fluctuations
By Xavier Gabaix; Stern School of Business
   Presented by: Xavier Gabaix, Stern School of Business
 

Sticky Multiple-Price Policies
By Luminita Stevens; University of Maryland
   Presented by: Luminita Stevens, University of Maryland
 

Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty
By Cosmin Ilut; Duke University
Rosen Valchev; Duke University
Nicolas Vincent; HEC Montréal
   Presented by: Cosmin Ilut, Duke University
 
Session 122: Using Geographic Variation to Answer Macro Questions
June 28, 2014 14:30 to 16:00
LL1010
 
Session type: invited
 

House Prices and Retail Prices
By Johannes Stroebel; New York University
Joe Vavra; University of Chicago
   Presented by: Joe Vavra, University of Chicago
 

How Much Do Official Price Indexes Tell Us About Inflation?
By Jessie Handbury; University of Pennsylvania
Tsutomu Watanabe; Hitotsubashi University
David Weinstein; Columbia University
   Presented by: Jessie Handbury, University of Pennsylvania
 

Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves
By Emi Nakamura; Columbia University
Jon Steinsson; Columbia University
Miao Liu; Columbia University
   Presented by: Jon Steinsson, Columbia University
 
Session 123: Rollover Risk, Default Regulations, and Credit Scoring in the US Credit Card Market
June 28, 2014 14:30 to 16:00
LL1020
 
Session type: invited
 

On Prepayment and Rollover Risk in the US Credit Card Market
By Lukasz Drozd; Wharton School of the University of Pennsylvania
Ricardo Serrano-Padial; University of Wisconsin - Madison
   Presented by: Lukasz Drozd, Wharton School of the University of Pennsylvania
 

Labor Market Upheaval, Default Regulations, and Consumer Debt
By Kartik Athreya; Federal Reserve Bank of Richmond
   Presented by: Kartik Athreya, Federal Reserve Bank of Richmond
 

A Theory of Credit Scoring and Competitive Pricing of Default Risk
By Dean Corbae; University of Wisconsin
   Presented by: Dean Corbae, University of Wisconsin
 
Session 124: Firm Performance in Developing Economies
June 28, 2014 14:30 to 16:00
LL1025
 
Session type: invited
 

Exports and Firm Performance: Evidence from a Randomized Experiment
By David Atkin; Yale University
Amit Khandelwal; Columbia Business School
Adam Osman; Yale University
   Presented by: David Atkin, Yale University
 

From Manufacturing to Retail: An Anatomy of Chinese Footwear Firms
By Daniel Yi Xu; Duke University
   Presented by: Daniel Yi Xu, Duke University
 

Supervisory Management and Productivity Dispersion in the Bangladeshi Garment Sector
By Christopher Woodruff; University of Warwick
Rocco Macchiavello; Warwick University
   Presented by: Christopher Woodruff, University of Warwick
 
Session 125: Dynamic Political Economy
June 28, 2014 14:30 to 16:00
LL1030
 
Session type: invited
 

Political Bargaining in a Changing World
By Juan Ortner; Boston University
   Presented by: Juan Ortner, Boston University
 

Efficiency of Mandatory and Discretionary Spending
By Renee Bowen; Stanford GSB
Ying Chen; University of Southampton and Johns Hopkins University
Hulya Eraslan; Johns Hopkins University
Jan Zapal; IAE-CSIC Barcelona and CERGE-EI Prague
   Presented by: Renee Bowen, Stanford GSB
 

Markovian Elections
By John Duggan; University of Rochester
Jean Guillaume Forand; University of Waterloo
   Presented by: Jean Guillaume Forand, University of Waterloo
 
Session 126: Empirical Macroeconomics of Price Dynamics
June 28, 2014 14:30 to 16:00
133
 
Session type: contributed
 

Nominal Rigidities and Asset Pricing
By Michael Weber; UC Berkeley
   Presented by: Michael Weber, UC Berkeley
 

The Magnitude of Menu Costs: A Structural Estimation
By Andrea Stella; Federal Reserve Board
   Presented by: Andrea Stella, Federal Reserve Board
 

On what states do prices depend? Answers from Ecuador
[slides]
By Craig Benedict; Vanderbilt University
Mario Crucini; Vanderbilt University
Anthony Landry; University of Pennsylvania
   Presented by: Anthony Landry, University of Pennsylvania
 
Session 127: Gains from Trade - Presented by the Rotman Institute for International Business
June 28, 2014 14:30 to 16:00
LL1035
 
Session type: contributed
 

Does Trade Liberalization Increase Average Plant Productivity?
By Wyatt Brooks; University of Notre Dame
Timothy Kehoe; University of Minnesota
Pau Pujolas; McMaster University
   Presented by: Timothy Kehoe, University of Minnesota
 

Capital goods trade and economic development
By Piyusha Mutreja; Syracuse University
B Ravikumar; Federal Reserve Bank of St Louis
Michael Sposi; Federal Reserve Bank of Dallas
   Presented by: B Ravikumar, Federal Reserve Bank of St Louis
 

Estimating the Productivity Gains of Importing
By Joaquin Blaum; Brown University
Claire Lelarge; INSEE
Michael Peters; London School of Economics
   Presented by: Joaquin Blaum, Brown University
 
Session 128: Dynamic Contracts
June 28, 2014 14:30 to 16:00
147
 
Session type: contributed
 

The Dual Approach to Recursive Optimization: Theory and Examples
By Matthias Messner; Bocconi University
Nicola Pavoni; Bocconi University
Christopher Sleet; Carnegie Mellon University
   Presented by: Christopher Sleet, Carnegie Mellon University
 

Dynamic Contracting: An Irrelevance Result
[slides]
By Balazs Szentes; London School of Economics
Peter Eso; University of Oxford
   Presented by: Balazs Szentes, London School of Economics
 

A Duality Approach to Continuous-Time Contracting Problems with Limited Commitment
By Jianjun Miao; Boston University
Yuzhe Zhang; Texas A&M University
   Presented by: Yuzhe Zhang, Texas A&M University
 
Session 129: Labor Market Policies - Presented by the School of Public Policy and Governance
June 28, 2014 14:30 to 16:00
142
 
Session type: contributed
 

Labor Market Reform and the Cost of Business Cycles
By Tom Krebs; University of Mannheim
   Presented by: Tom Krebs, University of Mannheim
 

Health Care Reform or Labor Market Reform? A Quantitative Analysis of the Affordable Care Act
By Makoto Nakajima; Federal Reserve Bank of Philadelphia
Didem Tuzemen; Federal Reserve Bank of Kansas City
   Presented by: Didem Tuzemen, Federal Reserve Bank of Kansas City
 

The Economics of Severance Pay
By Pietro Garibaldi
   Presented by: Pietro Garibaldi,
 
Session 130: Worker Heterogeneity and Sorting
June 28, 2014 14:30 to 16:00
151
 
Session type: contributed
 

Competing Teams
By Hector Chade; arizona state university
   Presented by: Hector Chade, arizona state university
 

Sorting Multidimensional Types: Theory and Application
By Ilse Lindenlaub; European University Institute
   Presented by: Ilse Lindenlaub, European University Institute
 

Heterogeneity, Selection and Labor Market Disparities
By Alessandra Bonfiglioli; Universitat Pompeu Fabra
Gino Gancia; CREI
   Presented by: Alessandra Bonfiglioli, Universitat Pompeu Fabra
 
Session 131: DSGE Models with Capital
June 28, 2014 14:30 to 16:00
157
 
Session type: contributed
 

Monetary Policy and Global Equilibria in an Economy with Capital
By Andreas Hornstein; Federal Reserve Bank of Richmond
Tim Hursey; University of Pennsylvania
Alexander Wolman; Federal Reserve Bank of Richmond
   Presented by: Andreas Hornstein, Federal Reserve Bank of Richmond
 

Factor Specifi…city and Real Rigidities
By Fernanda Nechio; Federal Reserve Bank of San Francisco
Carlos Carvalho; PUC-Rio
   Presented by: Fernanda Nechio, Federal Reserve Bank of San Francisco
 

In‡flation Dynamics and Marginal Costs: the Crucial Role of Hiring and Investment Frictions
By Renato Faccini; Queen Mary, University of London
Eran Yashiv; Tel Aviv University
   Presented by: Renato Faccini, Queen Mary, University of London
 
Session 132: Progressive Income Taxation
June 28, 2014 14:30 to 16:00
LL1060
 
Session type: invited
 

The Redistributive Benefits of Progressive Labor and Capital Income Taxation
By Dirk Krueger; University of Pennsylvania
   Presented by: Dirk Krueger, University of Pennsylvania
 

Macroeconomic Implications of Tax Cuts for the Top Income Groups: 1960 - 2010
By Baris Kaymak; Universite de Montreal
Markus Poschke; McGill University, Montreal
   Presented by: Baris Kaymak, Universite de Montreal
 

Optimal Income Taxation: Mirrlees Meets Ramsey
By Jonathan Heathcote; Federal Reserve Bank of Minneapolis
Hitoshi Tsujiyama; Goethe University Frankfurt
   Presented by: Hitoshi Tsujiyama, Goethe University Frankfurt
 
Session 133: Advances in NDPF
June 28, 2014 16:30 to 18:00
1065
 
Session type: invited
 

TASKS, TALENTS, AND TAXES
By Laurence Ales; Carnegie Mellon University
Musab Kurnaz; Carnegie Mellon University, Tepper School of Business
Christopher Sleet; Carnegie Mellon University
   Presented by: Laurence Ales, Carnegie Mellon University
 

Income distribution and the incentives to default
By Pricila Maziero; University of Pennsylvania
   Presented by: Pricila Maziero, University of Pennsylvania
 

Tax Progressivity, Performance Pay and Search Frictions
By Arpad Abraham; European University Institute
Susanne Forstner; Institute for International Economic Studies
   Presented by: Arpad Abraham, European University Institute
 
Session 134: International and Macro Finance
June 28, 2014 16:30 to 18:00
LL1010
 
Session type: invited
 

Equity Sales and Manager Efficiency Across Firms and the Business Cycle
By Fabio Ghironi; University of Washington
Karen Lewis; University of Pennsylvania
   Presented by: Karen Lewis, University of Pennsylvania
 

Currency Manipulation
By Tarek Hassan; The University of Chicago
Thomas Mertens; New York University
Weithing Zhang; University of Chicago
   Presented by: Tarek Hassan, The University of Chicago
 

Who Bears Firm-Level Risk? Implications for Cash Flow Volatility
By Xiaolan Zhang; UCLA, Anderson School of Management
   Presented by: Xiaolan Zhang, UCLA, Anderson School of Management
 
Session 135: Consumption, Human Capital, and Migration
June 28, 2014 16:30 to 18:00
LL1020
 
Session type: invited
 

Migrant Wages, Human Capital Accumulation and Return Migration
By Jerome Adda; European University Institute
Christian Dustmann; University College London
Joseph-Simon Gorlach; University College London
   Presented by: Jerome Adda, European University Institute
 

Consumption inequality and family labor supply
By Richard Blundell; University College London
Luigi Pistaferri; Stanford University
Itay Saporta-Eksten; Stanford University
   Presented by: Luigi Pistaferri, Stanford University
 

Nonlinear Pricing of Food in Village Economies
[slides]
By Orazio Attanasio; University College London
Elena Pastorino; University of Minnesota
   Presented by: Elena Pastorino, University of Minnesota
 
Session 136: Behavioral Theory with Macroeconomic Applications
June 28, 2014 16:30 to 18:00
LL1025
 
Session type: invited
 

Coarse Competitive Equilibrium and Extreme Prices
By Faruk Gul; Princeton University
Wolfgang Pesendorfer; Princeton University
Tomasz Strzalecki; Harvard University
   Presented by: Tomasz Strzalecki, Harvard University
 

A Theory of Power Law Distributions for the Returns to Capital and of the Credit Spread Puzzle
By ,
   Presented by: Francois Geerolf, Toulouse School of Economics
 

A Welfare Criterion for Models with Distorted Beliefs
By Markus Brunnermeier; Princeton University
Alp Simsek; MIT
Wei Xiong; Department of Economics and Bendheim Cen
   Presented by: Alp Simsek, MIT
 
Session 137: Female Labor Force Participation
June 28, 2014 16:30 to 18:00
133
 
Session type: contributed
 

Risk Sharing and On-the-Marriage Search
By Kevin Devereux; University of Toronto
Laura Turner; University of Toronto
   Presented by: Kevin Devereux, University of Toronto
 

Taxation and Labor Supply of Married Women across Countries: A Macroeconomic Analysis
By Alexander Bick; Arizona State University
Nicola Fuchs-Schündeln; Goethe University Frankfurt /Main
   Presented by: Alexander Bick, Arizona State University
 

Maternal Employment, Fertility, Child Care Use, and Cognitive Outcomes of Children: Evidence from a Norwegian Reform
By Marc Chan; University of Technology Sydney
Kai Liu; Norwegian school of economics
   Presented by: Kai Liu, Norwegian school of economics
 
Session 138: Frontiers in Structural Macroeconomic Modeling
June 28, 2014 16:30 to 18:00
LL1030
 
Session type: invited
 

OccBin: A Toolkit for Solving Dynamic Models With Occasionally Binding Constraints Easily
By Matteo Iacoviello; Federal Reserve Board
   Presented by: Matteo Iacoviello, Federal Reserve Board
 

Noisy Information and Fundamental Disagreement
By Philippe Andrade; Banque de France
Richard Crump; Federal Reserve Bank of New York
Stefano Eusepi; Federal Reserve Bank of New York
Emanuel Moench; Federal Reserve Bank of New York
   Presented by: Emanuel Moench, Federal Reserve Bank of New York
 

Signaling Effects of Monteray Policy
By Leonardo Melosi; Federal Reserve Bank of Chicago
   Presented by: Leonardo Melosi, Federal Reserve Bank of Chicago
 
Session 139: Unemployment Insurance
June 28, 2014 16:30 to 18:00
LL1035
 
Session type: contributed
 

Unemployment Insurance Fraud and Optimal Monitoring
By David Fuller; Concordia University
B Ravikumar; Federal Reserve Bank of St Louis
Yuzhe Zhang; Texas A&M University
   Presented by: David Fuller, Concordia University
 

Optimal Unemployment Insurance and Cyclical Fluctuations
By Rui Li; University of Massachusetts Boston
Noah Williams; University of Wisconsin
   Presented by: Noah Williams, University of Wisconsin
 

Falling off the Ladder - Earnings Losses from Job Loss
By Gregor Jarosch; University of Chicago
   Presented by: Gregor Jarosch, University of Chicago
 
Session 140: Management and Risk Taking
June 28, 2014 16:30 to 18:00
LL1060
 
Session type: contributed
 

Idiosyncratic Risk and the Manager
By Brent Glover; Carnegie Mellon University
Oliver Levine; University of Wisconsin-Madison
   Presented by: Brent Glover, Carnegie Mellon University
 

Risk-taking, Rent-seeking, and CEO compensation, when Financial Markets are Noisy
By Elias Albagli; Central Bank of Chile
Christian Hellwig; Toulouse School of Economics
Aleh Tsyvinski; Yale University
   Presented by: Christian Hellwig, Toulouse School of Economics
 

A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment
By Hengjie Ai; University of Minnesota
Dana Kiku; University of Ilinois
Rui Li; University of Massachusetts Boston
   Presented by: Hengjie Ai, University of Minnesota
 
Session 141: Debt Management
June 28, 2014 16:30 to 18:00
147
 
Session type: contributed
 

Municipal Bonds, Default, and Migration in General Equilibrium
By Grey Gordon; Indiana University
pablo guerron-quintana; Federal Reserve Bank of Philadelphia
   Presented by: Grey Gordon, Indiana University
 

Reducing Government Debt in the Presence of Inequality
By Sigrid Roehrs; Goethe University Frankfurt
Christoph Winter; University of Zurich
   Presented by: Sigrid Roehrs, Goethe University Frankfurt
 

Optimal Policy with Endogenous Signal Extraction
By Esther Hauk; Spanish Research Council
Andrea Lanteri; London School of Economics
Albert Marcet; Institut d'Anàlisi Econòmica CSIC, BGS
   Presented by: Andrea Lanteri, London School of Economics
 
Session 142: Information in Financial Markets
June 28, 2014 16:30 to 18:00
142
 
Session type: invited
 

The Macroecnomics of Shadow Banking
By Alan Moreira; Yale University
Alexi Savov; New York University Stern School of Busi
   Presented by: Alan Moreira, Yale University
 

Equilibrium Fast Traders
By Bruno Biais; Université de Toulouse 1 Capitole
Thierry Foucault; HEC, Paris
Sophie Moinas; TSE (Toulouse University)
   Presented by: Sophie Moinas, TSE (Toulouse University)
 

OTC Trading vs. Exchanges: A welfare comparison
By Benjamin Lester; Federal Reserve Bank of Philadelphia
Ali Shourideh; University of Pennsylavnia
Venky Venkateswaran; NYU Stern School of Business
   Presented by: Venky Venkateswaran, New York University
 
Session 143: Asset Pricing Puzzles
June 28, 2014 16:30 to 18:00
151
 
Session type: contributed
 

Very Long Run Discount Rates
By Stefano Giglio; University of Chicago
Matteo Maggiori; NYU
Johannes Stroebel; New York University
   Presented by: Stefano Giglio, University of Chicago
 

Production-Based Term Structure of Equity Returns
By Hengjie Ai; University of Minnesota
Mariano Croce; University of North Carolina at Chapel H
Anthony Diercks; UNC
Kai Li; HKUST Business School
   Presented by: Anthony Diercks, UNC
 

Resolving the Annuity Puzzle: Estimating Lifecycle Models without (and with) Behavioral Data
By John Ameriks; The Vanguard Group, Inc.
Joseph Briggs; New York University
Andrew Caplin; NYU
Matthew Shapiro; University of Michigan
Christopher Tonetti; Stanford GSB
   Presented by: Christopher Tonetti, Stanford GSB
 
Session 144: Growth and Structural Change
June 28, 2014 16:30 to 18:00
157
 
Session type: contributed
 

Determinants of Structural Change
By Tomasz Swiecki; University of British Columbia
   Presented by: Tomasz Swiecki, University of British Columbia
 

The Rise of the Machines: Automation, Horizontal Innovation and Income Inequality
By David Hemous; INSEAD
Morten Olsen; IESE
   Presented by: David Hemous, INSEAD
 

A Model of Technology Assimilation
By Tsz-Nga Wong; Bank of Canada
Chong-Kee Yip; Chinese University of Hong Kong
   Presented by: Chong-Kee Yip, Chinese University of Hong Kong
 

144 sessions, 432 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Aaronson, DanielP113
2Abbott, BrantP116
3Abraham, ArpadP133
4Acikgoz, OmerP56
5Adda, JeromeP135
6Adrian, TobiasP9
7Aguiar, MarkP84
8Aguirregabiria, VictorP72
9Ai, HengjieP140
10Albagli, EliasP49
11Ales, LaurenceP133
12Anagnostopoulos, AlexisP85
13Andries, MarianneP30
14Arias, JonasP72
15Armenter, RocP115
16Arslan, YavuzP4
17Asriyan, VladimirP37
18Athreya, KartikP123
19Atkin, DavidP124
20Auer, RaphaelP2
21Babus, AnaP102
22Bacchetta, PhilippeP81
23Bachmann, RuedigerP71
24Backus, MatthewP92
25Badev, AntonP83
26Bagger, JesperP42
27Bai, JinhuiP96
28Bai, YanP74
29Baley, IsaacP10
30Barlevy, GadiP73
31Basu, SusantoP80
32Bellofatto, AndresP119
33Belo, FredericoP58
34Bengui, JulienP17
35Benhabib, JessP16
36Benjamin, DavidP111
37Bianchi, JavierP70
38Bianchi, FrancescoP80
39Bick, AlexanderP137
40Bidder, RhysP49
41Blaum, JoaquinP127
42Bocola, LuigiP106
43Boehm, JohannesP57
44Bonfiglioli, AlessandraP130
45Bowen, ReneeP125
46Braguinsky, SergueyP31
47Brunnermeier, MarkusP40
48Brzoza-Brzezina, MichałP98
49Buera, FranciscoP29
50Burdett, KennethP90
51Callen, MichaelP11
52Cao, DanP3
53Carapella, FrancescaP36
54Carvalho, VascoP48
55Casanova, MariaP7
56Caunedo, JulietaP112
57Celik, MuratP29
58Chade, HectorP130
59Champagne, JulienP99
60Chatterjee, SatyajitP19
61Chodorow-Reich, GabrielP62
62Choi, SekyuP104
63Coen-Pirani, DanieleP51
64Coles, MelvynP42
65Cooley, ThomasP49
66Corbae, DeanP123
67D'Erasmo, PabloP70
68David, JoelP10
69Davila, EduardoP5
70Davis, MorrisP75
71de la Croix, DavidP66
72De Magalhaes, LeandroP118
73Debortoli, DavideP74
74Del Negro, MarcoP98
75Den Haan, WouterP76
76Devereux, KevinP137
77Di Tella, SebastianP26
78Diercks, AnthonyP143
79Dinlersoz, EminP11
80Doepke, MatthiasP116
81Dong, BingbingP120
82Donna, JavierP92
83Donovan, KevinP24
84Dovis, AlessandroP61
85Drautzburg, ThorstenP98
86Drozd, LukaszP123
87Durdu, BoraP111
88Eeckhout, JanP33
89Eisenbach, ThomasP9
90Eisfeldt, AndreaP75
91Ennis, HubertoP21
92Epstein, LarryP44
93Eusepi, StefanoP69
94Evans, DavidP56
95Faberman, JasonP59
96Faccini, RenatoP131
97Farboodi, MaryamP102
98Farhi, EmmanuelP84
99Farmer, RogerP80
100Fernald, JohnP8
101Fernandez, AndresP40
102Ferraro, DomenicoP78
103Fisher, JonasP65
104Flabbi, LucaP60
105Foerster, AndrewP96
106Fogli, AlessandraP83
107Forand, Jean GuillaumeP125
108Fort, TeresaP57
109Fujimoto, JunichiP67
110Fuller, DavidP139
111Gabaix, XavierP121
112Gaballo, GaetanoP117
113Gafarov, BulatP95
114Galenianos, ManolisP18
115Gallipoli, GiovanniP104
116Gambetti, LucaP114
117Gancia, GinoP89
118García-Santana, ManuelP45
119Garetto, StefaniaP46
120Garibaldi, PietroP129
121Garleanu, NicolaeP63
122Gavazzoni, FedericoP15
123Geerolf, FrancoisP136
124Gemici, AhuP7
125Gervais, MartinP52
126Ghent, AndraP13
127Giannoni, MarcP28
128Giglio, StefanoP143
129Gilchrist, SimonP64
130Glover, BrentP140
131Gobbi, PaulaP91
132Golan, LimorP39
133Goldstein, ItayP110
134Gomes, JoaoP81
135Gonzalez-Navarro, MarcoP45
136Gordon, GreyP141
137Gottardi, PieroP68
138Gourio, FrancoisP81
139Green, BrettP54
140Greenwald, DanielP86
141Grobovsek, JanP101
142Grochulski, BorysP93
143Guerron-Quintana, PabloP8
144Guvenen, FatihP118
145Hachem, KindaP21
146Halket, JonathanP55
147Handbury, JessieP122
148Harenberg, DanielP103
149Hasanhodzic, JasminaP4
150Hassan, TarekP134
151Hatchondo, JuanP106
152Hawkins, WilliamP78
153He, HuiP41
154Hellwig, ChristianP140
155Hemous, DavidP144
156Hendricks, LutzP77
157Herkenhoff, KyleP105
158Hoffman, MitchellP99
159Hornstein, AndreasP131
160Hosseini, RoozbehP119
161Hurst, ErikP62
162Hyatt, HenryP107
163Iacoviello, MatteoP138
164Ilut, CosminP121
165Imrohoroglu, AyseP75
166Ionescu, FeliciaP51
167Iovino, LuigiP68
168Iraola, MiguelP86
169Ishihara, MasakazuP31
170Itskhoki, OlegP40
171Jakobsson, AmandaP57
172Jarosch, GregorP139
173Jarque, ArantxaP47
174Joensen, JuannaP35
175Joubert, ClementP7
176Jovanovic, BoyanP10
177Justiniano, AlejandroP97
178Kaas, LeoP117
179Kagy, Jean-FrançoisP34
180Kambourov, GueorguiP104
181Kapicka, MarekP18
182Kaplan, GregP62
183Karadi, PeterP109
184Karantounias, AnastasiosP56
185Kaymak, BarisP132
186Kehoe, TimothyP127
187Kehoe, PatrickP105
188Keister, ToddP117
189Kelly, BryanP48
190Keys, BenjaminP13
191Khan, AubhikP76
192Kiley, MichaelP69
193Kim, SoojinP65
194Kim, KyungminP6
195Kindermann, FabianP91
196Kircher, PhilippP6
197Klein, PaulP108
198Klemp, MarcP113
199Kogan, LeonidP3
200Kondor, PeterP63
201Krebs, TomP129
202Krishnamurthy, ArvindP70
203Krueger, DirkP132
204Kubler, FelixP97
205Kudlyak, MariannaP14
206Kuehn, LarsP12
207Kung, HowardP100
208Kurlat, PabloP63
209La'O, JenniferP102
210Lahiri, AmartyaP50
211Lamadon, ThibautP20
212Landry, AnthonyP126
213Lanteri, AndreaP141
214Laufer, StevenP38
215Law, Tzuo HannP27
216Lentz, RasmusP42
217Lester, BenjaminP73
218Lewis, KarenP134
219Li, NanP112
220Lim, ClaireP43
221Lin, XiaojiP86
222Lindenlaub, IlseP130
223Liu, KaiP137
224Lizarazo, SandraP25
225Lkhagvasuren, DambaP99
226Lopes de Melo, RafaelP27
227Lorenzoni, GuidoP88
228Loualiche, ErikP1
229Ma, YanleiP11
230Maggiori, MatteoP84
231Makarski, KrzysztofP17
232Malherbet, FranckP32
233Malin, BenP22
234Martin, FernandoP53
235Martin, JulienP48
236Maurel, ArnaudP35
237Maziero, PricilaP133
238Mazzocco, MaurizioP89
239McGrattan, EllenP76
240McKay, AlisdairP14
241Meier, MatthiasP94
242Melosi, LeonardoP138
243Mendes Tavares, MarinaP101
244Menzio, GuidoP90
245Mertens, ThomasP88
246Merz, MonikaP59
247Mestieri, MartiP51
248Michaillat, PascalP23
249Michau, Jean-BaptisteP12
250Michaud, AmandaP18
251Mihalache, GabrielP87
252Milani, FabioP30
253Miller, DavidP95
254Moench, EmanuelP138
255Moinas, SophieP142
256Moll, BenjaminP16
257Monge, AlexanderP94
258Mongey, SimonP22
259Morales-Jimenez, CamiloP109
260Moreira, AlanP142
261Morris, StephenP72
262Mortimer, JulieP92
263Mueller, AndreasP20
264Nakajima, MakotoP58
265Nakamura, EmiP64
266Nakata, TaisukeP69
267Nakov, AntonP109
268Narajabad, BorghanP96
269Narciso, GaiaP45
270Nechio, FernandaP131
271Neiman, BrentP85
272Nenov, PlamenP55
273Ngai, RachelP55
274Nguyen, ThienP46
275Nguyen, Thuy LanP114
276Niepelt, DirkP106
277Nimark, KristofferP37
278Nosal, JaromirP38
279Nunes, RicardoP115
280Oberfield, EzraP73
281Oikonomou, RigasP74
282Olovsson, ConnyP108
283Opp, MarcusP54
284Ordonez, GuillermoP110
285Orlov, DmitryP54
286Ortner, JuanP125
287Ozcan, GulserimP28
288Ozdagli, AliP100
289Ozkan, SerdarP4
290Paciello, LuigiP23
291Papageorgiou, TheodoreP52
292Papanikolaou, DimitrisP1
293Pappada, FrancescoP43
294Park, JungJaeP25
295Parlatore Siritto, CeciliaP93
296Parro, FernandoP79
297Pastorino, ElenaP135
298Pavan, RonniP116
299Peijnenburg, KimP82
300Perez, AnderP105
301Perez Saiz, HectorP43
302Perla, JesseP24
303Perri, FabrizioP58
304Peterman, WilliamP103
305Peters, MichaelP67
306Petrosky-Nadeau, NicolasP1
307Pflueger, CarolinP100
308Pilossoph, LauraP52
309Pistaferri, LuigiP135
310Portier, FranckP114
311Porzio, TommasoP77
312Postel-Vinay, FabienP27
313Pratap, SangeetaP101
314Presno, IgnacioP87
315Price, DavidP118
316Qian, NancyP89
317Quintin, ErwanP36
318Raffo, AndreaP32
319Ragot, XavierP3
320Ramanarayanan, AnanthP61
321Raval, DeveshP94
322Ravikumar, BP127
323Rendon, SilvioP33
324Restuccia, DiegoP67
325Riegler, MarkusP85
326Ripoll, MarlaP83
327Roehrs, SigridP141
328Rondina, GiacomoP110
329Roys, NicolasP77
330Rubini, LorisP2
331Rudanko, LeenaP23
332Ruiz, ClaudiaP39
333Rupert, PeterP22
334Salitskiy, IgorP68
335Salomao, JulianaP64
336Sapriza, HoracioP87
337Scheuer, FlorianP5
338Schmalz, MartinP34
339Schneider, MartinP30
340Schoellman, ToddP50
341Schulhofer-Wohl, SamP107
342Sedlacek, PetrP107
343Shi, ShouyongP78
344Shimer, RobertP90
345Shourideh, AliP61
346Siassi, NawidP82
347Simsek, AlpP136
348Singh, AartiP97
349Siow, AloysiusP60
350Skira, MeghanP66
351Sleet, ChristopherP128
352Song, MichaelP24
353Sosa-Padilla, CesarP111
354Stacey, DerekP33
355Steinsson, JonP122
356Stella, AndreaP126
357Sterk, VincentP14
358Stevens, LuminitaP121
359Stokey, Nancy LP29
360Stroebel, JohannesP13
361Strub, CarloP19
362Strzalecki, TomaszP136
363Stumpner, SebastianP46
364Sultanum, BrunoP93
365Sun, HongfeiP115
366Swiecki, TomaszP144
367Szentes, BalazsP128
368Szydlowski, MartinP47
369Tang, YangP65
370Tang, JennyP95
371Taschereau-Dumouchel, MathieuP37
372Tebaldi, PietroP20
373Thomas, JuliaP71
374Tian, CanP112
375Tiernan, NatalieP17
376Tintelnot, FelixP79
377Tombe, TrevorP2
378Tonetti, ChristopherP143
379Topa, GiorgioP59
380Troshkin, MaximP119
381Tsujiyama, HitoshiP132
382Tsyrennikov, ViktorP26
383Tuzemen, DidemP129
384Valkanov, RossenP120
385Van Nieuwerburgh, StijnP44
386Vandenbroucke, GuillaumeP35
387Vavra, JoeP122
388Veldkamp, LauraP88
389Venkateswaran, VenkyP142
390Venter, GyuriP120
391Verdelhan, AdrienP15
392Vereshchagina, GalinaP71
393Vidangos, IvanP66
394Violante, GianlucaP16
395Visschers, LudoP32
396Vitorino, Maria AnaP31
397Voena, AlessandraP39
398Vogl, TomP113
399Walsh, KieranP25
400Wang, YikaiP41
401Warusawitharana, MissakaP34
402Waugh, MikeP79
403Weber, MichaelP126
404Weinzierl, MatthewP5
405Weiss, DavidP12
406Wiederholt, MirkoP28
407Williams, NoahP139
408Williamson, StephenP53
409Wolthoff, RonaldP6
410Wong, Tsz-NgaP53
411Wong, ArleneP8
412Woodruff, ChristopherP124
413Wright, RandallP90
414Xing, YiqingP108
415Xu, Daniel YiP124
416Yamada, KenP60
417Yang, LiyanP26
418Yaron, AmirP44
419Yeltekin, SevinP19
420Yip, Chong-KeeP144
421Young, EricP36
422Zeng, QiP47
423Zetlin-Jones, ArielP21
424Zhang, XiaolanP134
425Zhang, YuzheP128
426Zhang, ShengxingP9
427Zheng, YuP41
428Zhou, JieP103
429Zhu, XiaodongP50
430Zhu, GuozhongP38
431Zimmermann, ChristianP82
432Zviadadze, IrinaP15

 

This program was last updated on 2014-06-24 15:3:54 EDT