Society for Economic Dynamics Annual Meeting 2018 (SED2018)

Mexico City, Mexico

 
June 28, 2018
 
09:00 to 10:30Parallel Sessions 1
 
 
10:30 to 11:00Coffee Break
 
 
11:00 to 12:30Parallel Session 2
 
 
12:30 to 13:45Lunch
 
 
13:45 to 15:15Parallel Session 3
 
 
15:15 to 15:45Coffee Break
 
 
15:45 to 17:15Parallel Session 4
 
 
17:45 to 18:45Plenary Session: Enrique Mendoza - University of Pennsylvania
 
 
20:00 to 23:00Dinner
 
 
 
June 29, 2018
 
09:00 to 10:30Parallel Session 5
 
 
10:30 to 11:00Coffee Break
 
 
11:00 to 12:30Parallel Session 6
 
 
12:30 to 13:45Lunch
 
 
13:45 to 15:15Parallel Session 7
 
 
15:15 to 15:45Coffee Break
 
 
15:45 to 17:15Parallel Session 8
 
 
17:45 to 18:45Plenary Session: Nancy Stokey - University of Chicago
 
 
20:00 to 23:00Dinner
 
 
 
June 30, 2018
 
09:00 to 10:30Parallel Session 9
 
 
10:30 to 11:00Coffee Break
 
 
11:00 to 12:30Parallel Session 10
 
 
12:30 to 13:45Lunch
 
 
13:45 to 15:15Parallel Session 11
 
 
15:15 to 15:45Coffee Break
 
 
15:45 to 17:15Parallel Session 12
 
 
17:45 to 18:45Mortensen Lecture: Joe Altonji - Yale University
 
 
19:00 to 22:00Dinner
 
 

 

Program Notes and Index of Sessions

Parallel Sessions 1
June 28, 2018 09:00 to 10:30
 
Policy at the Zero-Lower Bound I
Labor Markets - Wage Dynamics and Inequality
Empirical Approaches to International Trade
Networks, Linkages and Aggregate Productivity
Consumption Dynamics
Topics in Macro-Finance
Life-Cycle Earnings Dymamics
Talents and Executive Compensations
International Business Cycles Comovement
Fiscal Policy and Commitment
Mortgages and Housing Prices
Entrepreneurship
The Spatial Distribution of Human Capital
Firm Growth and Microdata

Parallel Session 2
June 28, 2018 11:00 to 12:30
 
Monetary Economics
Long-Run Labor Supply
International Trade and Productivity
Structural Change I
Labor and Cycles
Designing Stress Tests
Quantifying the Effects of Schooling on Labor Markets
Corporate Finance
International Capital Flows and FDI
Fiscal Policy and Public Debt
Housing Booms, Busts and the Great Recesssion
Macroeconomics of Imperfect Markets
Finance and Firm Dynamics
Marriage and Jobs

Parallel Session 3
June 28, 2018 13:45 to 15:15
 
Unconventional Monetary Policy
Labor Markets - Sorting, Mobility and Wages
Multinational Production
Development Patterns Within and Across Countries
Credit, Investment, and Cycles
The Macroeconomics of Asset Bubbles
Topics in Macro Labor
Beliefs and Macroeconomics
Topics in International Macroeconomics
Dealing with Default
Housing Policy
Macroeconomic Effects of Competition
Human Capital and Migration
Trade and Productivity

Parallel Session 4
June 28, 2018 15:45 to 17:15
 
Advances in New Keynesian Models
Search Theory
New Perspectives on Models of International Trade
Patents, Nonrivalry, and Innovation
Consumption Patterns: Evidence from Micro Data
The Broader Financial System
Empirical Approaches to Inequality
Information and Macroeconomics
Sovereign Debt and Liquidity
Fiscal Policy with Heterogeneous Agents
Measuring the Impact of Imperfect Competition
Taxation and Entrepreneurship
Credit Market Dynamics
Topics on Heterogeneous Agents

Plenary Session: Enrique Mendoza - University of Pennsylvania
June 28, 2018 17:45 to 18:45

Parallel Session 5
June 29, 2018 09:00 to 10:30
 
Effects of Monetary Policy
Labor Markets - Sorting and Wage Inequality
Openness and Imbalances
Development Economics
Search Frictions and Macroeconomics
Shadow Banking
Determinants of Wealth Inequality
Inattention and Macroeconomics
Sovereign Default
Capital Taxation
Applied Time Series
Innovation in the Global Economy
Intangible Capital and Economic Growth
College and Human Capital

Parallel Session 6
June 29, 2018 11:00 to 12:30
 
Monetary and Fiscal Policy with Incomplete Markets
Matching in Labor Markets
International Trade and the Macroeconomy
Topics in Economic Growth
The Costs of Business Cycles
Optimal Financial Contracting with Asymmetric Information
Mexico-US Migration
Advances in DSGE Models
Achieving Currency Stability
Public Debt Issues
Household Labor Supply
Credit Networks in Macroeconomics
Startups and Aggregate Productivity
Human Capital and Family Income

Parallel Session 7
June 29, 2018 13:45 to 15:15
 
Alternatives to Sticky Prices
Jobs and Policy
Topics in Trade and Foreign Investment
Multi-Sector Growth Models
Redistribution and Macroeconomics
The Functioning of Decentralized Markets
Finance and Development
Solutions for GE Models
Exchange Rates I
Intermediation and Systemic Risk
Topics in Production Networks
Entrepreneurial Risk
Aging and the Macroeconomy
Credit Distortions

Parallel Session 8
June 29, 2018 15:45 to 17:15
 
Topics in Monetary Policy
Labor's Share of Income
Topics in International Economics
Growth and Development
Expectations and Macroeconomics
Financial Crises
Price Rigidity
Optimal Policy Design
Exchange Rates II
Public Safety Nets
Financing in Equilibrium
Banking Industrial Organization
Firm Dynamics and Financial Frictions
Asset Prices and Financial Flows

Plenary Session: Nancy Stokey - University of Chicago
June 29, 2018 17:45 to 18:45

Parallel Session 9
June 30, 2018 09:00 to 10:30
 
Policy at the Zero Lower Bound II
Topics in Labor Markets Using Matched Data
Trade and Redistribution
Labor Markets and Development
Information Frictions and Macroeconomics
Managing Financial Distress
Inequality and Skills
Heterogenous Beliefs
Sovereign Debt Crises
Topics in Tax Policy
Environmental Macroeconomics I
Agglomeration
Measurement and Analysis of Private Businesses
Household Finance

Parallel Session 10
June 30, 2018 11:00 to 12:30
 
Optimal Monetary Policy
On-the-Job Search
Trade and Business Cycles
Agriculture and the Macroeconomy
Quantifying Uncertainty
Bank Capital Regulation
Demographics and Labor Supply
Decentralized Financial Markets
Capital Controls
Environmental Macroeconomics II
Firm-Labor Dynamics
Capital, Skills and the Development Path
Applications of Industrial Organization
Policy Without Commitment

Parallel Session 11
June 30, 2018 13:45 to 15:15
 
HANK Models
Macro Labor Perspectives
Cities, Trade and Development
Structural Change II
Firms and Cycles
Bank Risk Taking
Earnings
Portfolio Choices
Open Economy Macroeconomics
Inflation Targeting
Energy and the Macroeconomy
Spatial Equilibria in Macroeconomics and Development
Firm Investment Dynamics
Consumer Credit

Coffee Break
June 30, 2018 15:15 to 15:45

Parallel Session 12
June 30, 2018 15:45 to 17:15
 
Monetary Policy and Intermediation
Search Frictions in Labor Markets
Mexico-US Trade
Firms and Growth
Credit and Macroeconomic Stabilization
Macroeconomics and Finance
Determinants of Wage Inequality
Disagreements
Sovereign Default Risk
Financial Networks: Empirical Investigations
Urban Economics and Macro
Credit and Consumption
Housing and the Macroeconomy
Firm Dynamics and Intertemporal Decisions

Mortensen Lecture: Joe Altonji - Yale University
June 30, 2018 17:45 to 18:45

 

Summary of All Sessions

Click here for an index of all participants

#Date/TimeLocationTitlePapers
1June 28, 2018
9:00-10:30
N/A Policy at the Zero-Lower Bound I3
2June 28, 2018
9:00-10:30
N/A Labor Markets - Wage Dynamics and Inequality3
3June 28, 2018
9:00-10:30
N/A Empirical Approaches to International Trade3
4June 28, 2018
9:00-10:30
N/A Networks, Linkages and Aggregate Productivity3
5June 28, 2018
9:00-10:30
N/A Consumption Dynamics3
6June 28, 2018
9:00-10:30
N/A Topics in Macro-Finance3
7June 28, 2018
9:00-10:30
N/A Life-Cycle Earnings Dymamics3
8June 28, 2018
9:00-10:30
N/A Talents and Executive Compensations3
9June 28, 2018
9:00-10:30
N/A International Business Cycles Comovement3
10June 28, 2018
9:00-10:30
N/A Fiscal Policy and Commitment3
11June 28, 2018
9:00-10:30
N/A Mortgages and Housing Prices3
12June 28, 2018
9:00-10:30
N/A Entrepreneurship3
13June 28, 2018
9:00-10:30
N/A The Spatial Distribution of Human Capital3
14June 28, 2018
9:00-10:30
N/A Firm Growth and Microdata3
15June 28, 2018
11:00-12:30
N/A Monetary Economics3
16June 28, 2018
11:00-12:30
N/A Long-Run Labor Supply3
17June 28, 2018
11:00-12:30
N/A International Trade and Productivity3
18June 28, 2018
11:00-12:30
N/A Structural Change I3
19June 28, 2018
11:00-12:30
N/A Labor and Cycles3
20June 28, 2018
11:00-12:30
N/A Designing Stress Tests3
21June 28, 2018
11:00-12:30
N/A Quantifying the Effects of Schooling on Labor Markets3
22June 28, 2018
11:00-12:30
N/A Corporate Finance3
23June 28, 2018
11:00-12:30
N/A International Capital Flows and FDI3
24June 28, 2018
11:00-12:30
N/A Fiscal Policy and Public Debt3
25June 28, 2018
11:00-12:30
N/A Housing Booms, Busts and the Great Recesssion3
26June 28, 2018
11:00-12:30
N/A Macroeconomics of Imperfect Markets3
27June 28, 2018
11:00-12:30
N/A Finance and Firm Dynamics3
28June 28, 2018
11:00-12:30
N/A Marriage and Jobs3
29June 28, 2018
13:45-15:15
N/A Unconventional Monetary Policy3
30June 28, 2018
13:45-15:15
N/A Labor Markets - Sorting, Mobility and Wages3
31June 28, 2018
13:45-15:15
N/A Multinational Production3
32June 28, 2018
13:45-15:15
N/A Development Patterns Within and Across Countries3
33June 28, 2018
13:45-15:15
N/A Credit, Investment, and Cycles3
34June 28, 2018
13:45-15:15
N/A The Macroeconomics of Asset Bubbles3
35June 28, 2018
13:45-15:15
N/A Topics in Macro Labor3
36June 28, 2018
13:45-15:15
N/A Beliefs and Macroeconomics3
37June 28, 2018
13:45-15:15
N/A Topics in International Macroeconomics3
38June 28, 2018
13:45-15:15
N/A Dealing with Default3
39June 28, 2018
13:45-15:15
N/A Housing Policy3
40June 28, 2018
13:45-15:15
N/A Macroeconomic Effects of Competition3
41June 28, 2018
13:45-15:15
N/A Human Capital and Migration3
42June 28, 2018
13:45-15:15
N/A Trade and Productivity3
43June 28, 2018
15:45-17:15
N/A Advances in New Keynesian Models3
44June 28, 2018
15:45-17:15
N/A Search Theory3
45June 28, 2018
15:45-17:15
N/A New Perspectives on Models of International Trade3
46June 28, 2018
15:45-17:15
N/A Patents, Nonrivalry, and Innovation3
47June 28, 2018
15:45-17:15
N/A Consumption Patterns: Evidence from Micro Data3
48June 28, 2018
15:45-17:15
N/A The Broader Financial System3
49June 28, 2018
15:45-17:15
N/A Empirical Approaches to Inequality3
50June 28, 2018
15:45-17:15
N/A Information and Macroeconomics3
51June 28, 2018
15:45-17:15
N/A Sovereign Debt and Liquidity3
52June 28, 2018
15:45-17:15
N/A Fiscal Policy with Heterogeneous Agents3
53June 28, 2018
15:45-17:15
N/A Measuring the Impact of Imperfect Competition3
54June 28, 2018
15:45-17:15
N/A Taxation and Entrepreneurship3
55June 28, 2018
15:45-17:15
N/A Credit Market Dynamics3
56June 28, 2018
15:45-17:15
N/A Topics on Heterogeneous Agents3
57June 29, 2018
9:00-10:30
N/A Effects of Monetary Policy3
58June 29, 2018
9:00-10:30
N/A Labor Markets - Sorting and Wage Inequality3
59June 29, 2018
9:00-10:30
N/A Openness and Imbalances3
60June 29, 2018
9:00-10:30
N/A Development Economics3
61June 29, 2018
9:00-10:30
N/A Search Frictions and Macroeconomics3
62June 29, 2018
9:00-10:30
N/A Shadow Banking3
63June 29, 2018
9:00-10:30
N/A Determinants of Wealth Inequality3
64June 29, 2018
9:00-10:30
N/A Inattention and Macroeconomics3
65June 29, 2018
9:00-10:30
N/A Sovereign Default3
66June 29, 2018
9:00-10:30
N/A Capital Taxation3
67June 29, 2018
9:00-10:30
N/A Applied Time Series3
68June 29, 2018
9:00-10:30
N/A Innovation in the Global Economy 3
69June 29, 2018
9:00-10:30
N/A Intangible Capital and Economic Growth3
70June 29, 2018
9:00-10:30
N/A College and Human Capital3
71June 29, 2018
11:00-12:30
N/A Monetary and Fiscal Policy with Incomplete Markets3
72June 29, 2018
11:00-12:30
N/A Matching in Labor Markets3
73June 29, 2018
11:00-12:30
N/A International Trade and the Macroeconomy3
74June 29, 2018
11:00-12:30
N/A Topics in Economic Growth3
75June 29, 2018
11:00-12:30
N/A The Costs of Business Cycles3
76June 29, 2018
11:00-12:30
N/A Optimal Financial Contracting with Asymmetric Information3
77June 29, 2018
11:00-12:30
N/A Mexico-US Migration3
78June 29, 2018
11:00-12:30
N/A Advances in DSGE Models3
79June 29, 2018
11:00-12:30
N/A Achieving Currency Stability3
80June 29, 2018
11:00-12:30
N/A Public Debt Issues3
81June 29, 2018
11:00-12:30
N/A Household Labor Supply3
82June 29, 2018
11:00-12:30
N/A Credit Networks in Macroeconomics3
83June 29, 2018
11:00-12:30
N/A Startups and Aggregate Productivity3
84June 29, 2018
11:00-12:30
N/A Human Capital and Family Income3
85June 29, 2018
13:45-15:15
N/A Alternatives to Sticky Prices3
86June 29, 2018
13:45-15:15
N/A Jobs and Policy3
87June 29, 2018
13:45-15:15
N/A Topics in Trade and Foreign Investment3
88June 29, 2018
13:45-15:15
N/A Multi-Sector Growth Models3
89June 29, 2018
13:45-15:15
N/A Redistribution and Macroeconomics3
90June 29, 2018
13:45-15:15
N/A The Functioning of Decentralized Markets3
91June 29, 2018
13:45-15:15
N/A Finance and Development3
92June 29, 2018
13:45-15:15
N/A Solutions for GE Models3
93June 29, 2018
13:45-15:15
N/A Exchange Rates I3
94June 29, 2018
13:45-15:15
N/A Intermediation and Systemic Risk3
95June 29, 2018
13:45-15:15
N/A Topics in Production Networks3
96June 29, 2018
13:45-15:15
N/A Entrepreneurial Risk3
97June 29, 2018
13:45-15:15
N/A Aging and the Macroeconomy3
98June 29, 2018
13:45-15:15
N/A Credit Distortions3
99June 29, 2018
15:45-17:15
N/A Topics in Monetary Policy3
100June 29, 2018
15:45-17:15
N/A Labor's Share of Income3
101June 29, 2018
15:45-17:15
N/A Topics in International Economics3
102June 29, 2018
15:45-17:15
N/A Growth and Development3
103June 29, 2018
15:45-17:15
N/A Expectations and Macroeconomics3
104June 29, 2018
15:45-17:15
N/A Financial Crises3
105June 29, 2018
15:45-17:15
N/A Price Rigidity3
106June 29, 2018
15:45-17:15
N/A Optimal Policy Design3
107June 29, 2018
15:45-17:15
N/A Exchange Rates II3
108June 29, 2018
15:45-17:15
N/A Public Safety Nets3
109June 29, 2018
15:45-17:15
N/A Financing in Equilibrium3
110June 29, 2018
15:45-17:15
N/A Banking Industrial Organization3
111June 29, 2018
15:45-17:15
N/A Firm Dynamics and Financial Frictions3
112June 29, 2018
15:45-17:15
N/A Asset Prices and Financial Flows3
113June 30, 2018
9:00-10:30
N/A Policy at the Zero Lower Bound II3
114June 30, 2018
9:00-10:30
N/A Topics in Labor Markets Using Matched Data3
115June 30, 2018
9:00-10:30
N/A Trade and Redistribution3
116June 30, 2018
9:00-10:30
N/A Labor Markets and Development3
117June 30, 2018
9:00-10:30
N/A Information Frictions and Macroeconomics3
118June 30, 2018
9:00-10:30
N/A Managing Financial Distress3
119June 30, 2018
9:00-10:30
N/A Inequality and Skills3
120June 30, 2018
9:00-10:30
N/A Heterogenous Beliefs3
121June 30, 2018
9:00-10:30
N/A Sovereign Debt Crises3
122June 30, 2018
9:00-10:30
N/A Topics in Tax Policy3
123June 30, 2018
9:00-10:30
N/A Environmental Macroeconomics I3
124June 30, 2018
9:00-10:30
N/A Agglomeration3
125June 30, 2018
9:00-10:30
N/A Measurement and Analysis of Private Businesses3
126June 30, 2018
9:00-10:30
N/A Household Finance3
127June 30, 2018
11:00-12:30
N/A Optimal Monetary Policy3
128June 30, 2018
11:00-12:30
N/A On-the-Job Search3
129June 30, 2018
11:00-12:30
N/A Trade and Business Cycles3
130June 30, 2018
11:00-12:30
N/A Agriculture and the Macroeconomy3
131June 30, 2018
11:00-12:30
N/A Quantifying Uncertainty3
132June 30, 2018
11:00-12:30
N/A Bank Capital Regulation3
133June 30, 2018
11:00-12:30
N/A Demographics and Labor Supply3
134June 30, 2018
11:00-12:30
N/A Decentralized Financial Markets3
135June 30, 2018
11:00-12:30
N/A Capital Controls3
136June 30, 2018
11:00-12:30
N/A Environmental Macroeconomics II3
137June 30, 2018
11:00-12:30
N/A Firm-Labor Dynamics3
138June 30, 2018
11:00-12:30
N/A Capital, Skills and the Development Path3
139June 30, 2018
11:00-12:30
N/A Applications of Industrial Organization3
140June 30, 2018
11:00-12:30
N/A Policy Without Commitment3
141June 30, 2018
13:45-15:15
N/A HANK Models3
142June 30, 2018
13:45-15:15
N/A Macro Labor Perspectives3
143June 30, 2018
13:45-15:15
N/A Cities, Trade and Development3
144June 30, 2018
13:45-15:15
N/A Structural Change II3
145June 30, 2018
13:45-15:15
N/A Firms and Cycles3
146June 30, 2018
13:45-15:15
N/A Bank Risk Taking3
147June 30, 2018
13:45-15:15
N/A Earnings3
148June 30, 2018
13:45-15:15
N/A Portfolio Choices3
149June 30, 2018
13:45-15:15
N/A Open Economy Macroeconomics3
150June 30, 2018
13:45-15:15
N/A Inflation Targeting3
151June 30, 2018
13:45-15:15
N/A Energy and the Macroeconomy3
152June 30, 2018
13:45-15:15
N/A Spatial Equilibria in Macroeconomics and Development3
153June 30, 2018
13:45-15:15
N/A Firm Investment Dynamics3
154June 30, 2018
13:45-15:15
N/A Consumer Credit3
155June 30, 2018
15:45-17:15
N/A Monetary Policy and Intermediation3
156June 30, 2018
15:45-17:15
N/A Search Frictions in Labor Markets3
157June 30, 2018
15:45-17:15
N/A Mexico-US Trade3
158June 30, 2018
15:45-17:15
N/A Firms and Growth3
159June 30, 2018
15:45-17:15
N/A Credit and Macroeconomic Stabilization3
160June 30, 2018
15:45-17:15
N/A Macroeconomics and Finance3
161June 30, 2018
15:45-17:15
N/A Determinants of Wage Inequality3
162June 30, 2018
15:45-17:15
N/A Disagreements3
163June 30, 2018
15:45-17:15
N/A Sovereign Default Risk3
164June 30, 2018
15:45-17:15
N/A Financial Networks: Empirical Investigations3
165June 30, 2018
15:45-17:15
N/A Urban Economics and Macro3
166June 30, 2018
15:45-17:15
N/A Credit and Consumption3
167June 30, 2018
15:45-17:15
N/A Housing and the Macroeconomy3
168June 30, 2018
15:45-17:15
N/A Firm Dynamics and Intertemporal Decisions3
 

168 sessions, 504 papers, and 0 presentations with no associated papers


 

Society for Economic Dynamics Annual Meeting 2018 (SED2018)

Detailed List of Sessions

 
Session 1: Policy at the Zero-Lower Bound I
June 28, 2018 9:00 to 10:30
 
Session Chair: Pavel Kapinos, FRB Dallas
 

Evaluating the Effects of Forward Guidance and Large-scale Asset Purchases
By Xu Zhang; University of California, San Diego
   presented by: Xu Zhang, University of California, San Diego
 

Measuring the Effects of US Unconventional Monetary Policy on International Financial Markets
By Francisco Ilabaca; University of California, Irvine
   presented by: Francisco Ilabaca, University of California, Irvine
 

Monetary Policy News and Systemic Risk at the Zero Lower Bound
By Pavel Kapinos; FRB Dallas
   presented by: Pavel Kapinos, FRB Dallas
 
Session 2: Labor Markets - Wage Dynamics and Inequality
June 28, 2018 9:00 to 10:30
 
Session Chair: Laura Pilossoph, Federal Reserve Bank of New York
 

Wage Growth and Compensating DIfferentials: Evidence from the SCE
By Laura Pilossoph; Federal Reserve Bank of New York
   presented by: Laura Pilossoph, Federal Reserve Bank of New York
 

Sources of Inequality in Earnings Growth Over the Life Cycle
By Fatih Karahan; Federal Reserve Bank of New York
Serdar Ozkan; University of Toronto
Jae Song; Social Security Administration
   presented by: Serdar Ozkan, University of Toronto
 

Replacement Hiring
By Sushant Acharya; Federal Reserve Bank of New York
Shu Lin Wee; Carnegie Mellon University Tepper School of Business
   presented by: Shu Lin Wee, Carnegie Mellon University Tepper School of Business
 
Session 3: Empirical Approaches to International Trade
June 28, 2018 9:00 to 10:30
 
Session Chair: Dennis Novy, University of Warwick
 

Cyclical Dynamics of Trade Credit with Production Networks
By WUKUANG CUN; University of Southern California
Vincenzo Quadrini; USC
Junjie Xia; Peking University
   presented by: Vincenzo Quadrini, USC
 

The Spoils of War: Trade Shocks during WWI and Spain’s Regional Development
By Simon Fuchs; Toulouse School of Economics
   presented by: Simon Fuchs, Toulouse School of Economics
 

Currency Unions, Trade, and Heterogeneity
By Natalie Chen; Warwick University
Dennis Novy; University of Warwick
   presented by: Dennis Novy, University of Warwick
 
Session 4: Networks, Linkages and Aggregate Productivity
June 28, 2018 9:00 to 10:30
 
Session Chair: Julio Leal, Banco de México
 

TECHNOLOGY NETWORK, INNOVATION AND GROWTH
By Jingong Huang; University of Melbourne
   presented by: Jingong Huang, University of Melbourne
 

Misallocation and intersectoral linkages
By Sophie Osotimehin; University of Virginia
Latchezar Popov; Texas Tech University
   presented by: Sophie Osotimehin, University of Virginia
 

Key sectors in Mexico's economic development: a perspective from input-output linkages with sector-specific distortions
By Julio Leal; Banco de México
   presented by: Julio Leal, Banco de México
 
Session 5: Consumption Dynamics
June 28, 2018 9:00 to 10:30
 
Session Chair: Arlene Wong, Princeton University
 

Choices of the Hand-to-Mouth-to-the-Eye
By Mark Aguiar; Princeton University
Mark Bils; U. of Rochester
Corina Boar; Princeton University
   presented by: Corina Boar, Princeton University
 

Consumption Network Effects
By Giacomo De Giorgi; GSEM University of Geneva
   presented by: Giacomo De Giorgi, GSEM University of Geneva
 

Peer effects in product adoption
By Theresa Kuchler; NYU Stern School of Business
Johannes Stroebel; New York University
Arlene Wong; Princeton University
   presented by: Arlene Wong, Princeton University
 
Session 6: Topics in Macro-Finance
June 28, 2018 9:00 to 10:30
 
Session Chair: Vladimir Asriyan, CREi, UPF, and Barcelona GSE
 

Aggregate Information Dynamics
By Kyriakos Chousakos; Yale University
Gary Gorton; Yale University
Guillermo Ordonez; University of Pennsylvania
   presented by: Guillermo Ordonez, University of Pennsylvania
 

The financial transmission of housing bubbles: evidence from spain
By Alberto Martin; CREI, UPF and Barcelona GSE
Enrique Moral Benito; Banco de Espana
Tom Schmitz; Bocconi University
   presented by: Tom Schmitz, Bocconi University
 

Balance sheet recessions with information and trading frictions
By Vladimir Asriyan; CREi, UPF, and Barcelona GSE
   presented by: Vladimir Asriyan, CREi, UPF, and Barcelona GSE
 
Session 7: Life-Cycle Earnings Dymamics
June 28, 2018 9:00 to 10:30
 
Session Chair: Mary Ann Bronson, Georgetown University
 

Which Ladder to Climb? Wages of workers by job, plant, and education
By Christian Bayer; Universitaet Bonn
Moritz Kuhn; University of Bonn
   presented by: Christian Bayer, Universitaet Bonn
 

Job Ladders and Growth in Earnings, Hours, and Wages
By Joyce Hahn; U.S. Census Bureau
Henry Hyatt; US Census Bureau
Hubert Janicki; U.S. Census Bureau
   presented by: Hubert Janicki, U.S. Census Bureau
 

The Lifecycle Wage Growth of Men and Women: Explaining Gender Differences in Wage Trajectories
By Mary Ann Bronson; Georgetown University
   presented by: Mary Ann Bronson, Georgetown University
 
Session 8: Talents and Executive Compensations
June 28, 2018 9:00 to 10:30
 
Session Chair: Pricila Maziero, NYU
 

Dynamic Compensation under Uncertainty Shocks and Limited Commitment
By Felix Feng; University of Notre Dame
   presented by: Felix Feng, University of Notre Dame
 

Repeated Delegation
By Elliot Lipnowski; University of Chicago
Joao Ramos; USC _ Marshall
   presented by: Joao Ramos, USC _ Marshall
 

CEO Compensation and the Capital Structure of Firms
By Pricila Maziero; NYU
   presented by: Pricila Maziero, NYU
 
Session 9: International Business Cycles Comovement
June 28, 2018 9:00 to 10:30
 
Session Chair: Konstantin Kucheryavyy, University of Tokyo
 

Technology and Non-Technology Shocks: Measurement and Implications for International Comovement
By Andrei Levchenko; University of Michigan
Nitya Pandalai Nayar; University of Texas, Austin
   presented by: Nitya Pandalai Nayar, University of Texas, Austin
 

Do Unit Labor Costs Matter? A Decomposition Exercise on European Data
By Sophie Piton; Paris School of Economics & CEPII
   presented by: Sophie Piton, Paris School of Economics & CEPII
 

A Unified Model of International Business Cycles and Trade
By Saroj Bhattarai; University of Texas at Austin
Konstantin Kucheryavyy; University of Tokyo
   presented by: Konstantin Kucheryavyy, University of Tokyo
 
Session 10: Fiscal Policy and Commitment
June 28, 2018 9:00 to 10:30
 
Session Chair: Zoe Xie, Federal Reserve Bank of Atlanta
 

The Value of Constraints on Discretionary Government Policy
By Fernando Martin; Federal Reserve Bank of St. Louis
   presented by: Fernando Martin, Federal Reserve Bank of St. Louis
 

Hanging off a cliff: fiscal consolidations and default risk
By Francesco Pappada; Banque de France
Yanos Zylberberg; University of Bristol
   presented by: Francesco Pappada, Banque de France
 

Fiscal Decentralization and Overborrowing
By Si Guo; International Monetary Fund
Yun Pei; University at Buffalo, SUNY
Zoe Xie; Federal Reserve Bank of Atlanta
   presented by: Zoe Xie, Federal Reserve Bank of Atlanta
 
Session 11: Mortgages and Housing Prices
June 28, 2018 9:00 to 10:30
 
Session Chair: Jaromir Nosal, Boston College
 

Housing Prices and Consumer Spending: The Bank Balance Sheet Channel
By Nuno Paixao; Bank of Canada
   presented by: Nuno Paixao, Bank of Canada
 

Too Much Skin-in-the-Game? The Effect of Mortgage Market Concentration on Credit and House Prices
By Deeksha Gupta; University of Pennsylvania
   presented by: Deeksha Gupta, University of Pennsylvania
 

Maybe Some People Shouldn’t Own (3) Homes
By Christopher Foote; Federal Reserve Bank of Boston
Lara Loewenstein; Federal Reserve Bank of Boston
Jaromir Nosal; Boston College
Paul Willen; Federal Reserve Bank of Boston
   presented by: Jaromir Nosal, Boston College
 
Session 12: Entrepreneurship
June 28, 2018 9:00 to 10:30
 
Session Chair: Matthew Mitchell, University of Toronto
 

The Rise of Human Capitalist
By Andrea Eisfeldt; University of California, Los Angeles
Antonio Falato; Federal Reserve Board
Mindy Z. Xiaolan; University of Texas at Austin
   presented by: Mindy Z. Xiaolan, University of Texas at Austin
 

Firm Organization and Information Technology: Micro and Macro Implications
By Asier Mariscal; U.Carlos III-Madrid
   presented by: Asier Mariscal, U.Carlos III-Madrid
 

Free (Ad)vice
By Matthew Mitchell; University of Toronto
   presented by: Matthew Mitchell, University of Toronto
 
Session 13: The Spatial Distribution of Human Capital
June 28, 2018 9:00 to 10:30
 
Session Chair: Tommaso Porzio, University of California, San Diego
 

Spatial Structural Change
By Fabian Eckert; Yale University
Michael Peters; Yale University
   presented by: Michael Peters, Yale University
 

Migration and the Spatial Distribution of Economic Activity
By Lorenzo Caliendo; Yale University
Fernando Parro; Johns Hopkins University
   presented by: Lorenzo Caliendo, Yale University
 

The Invisible Border between East and West Germany
By Sebastian Heise; Federal Reserve Bank of New York
Tommaso Porzio; University of California, San Diego
   presented by: Tommaso Porzio, University of California, San Diego
 
Session 14: Firm Growth and Microdata
June 28, 2018 9:00 to 10:30
 
Session Chair: Munseob Lee, University of California San Diego
 

Connecting to Power: Political Connections, Innovation, and Firm Dynamics
By Salome Baslandze; EIEF - Einaudi Institute for Economics a
   presented by: Salome Baslandze, EIEF - Einaudi Institute for Economics a
 

Bringing Data to the Model: Firm-to-Firm Learning in a Structural Model
By Wyatt Brooks; University of Notre Dame
Kevin Donovan; Yale University
Terence Johnson; University of Notre Dame
   presented by: Wyatt Brooks, University of Notre Dame
 

How do Firms Grow? The Life Cycle of Products Matters
By David Argente; University of Chicago
Munseob Lee; University of California San Diego
Sara Moreira; Northwestern University
   presented by: Munseob Lee, University of California San Diego
 
Session 15: Monetary Economics
June 28, 2018 11:00 to 12:30
 
Session Chair: Sebastian Di Tella, Stanford GSB
 

Stimulus and Amplification with Heterogeneous Agents
By Adrien Auclert; Stanford
Matthew Rognlie; Northwestern University
Ludwig Straub; MIT
   presented by: Matthew Rognlie, Northwestern University
 

Monetay Policy, Bounded Rationality, and Incomplete Markets
By Emmanuel Farhi; Harvard University
Ivan Werning; Massachusetts Institute of Technology
   presented by: Emmanuel Farhi, Harvard University
 

A Neoclassical Theory of Liquidity Traps
By Sebastian Di Tella; Stanford GSB
   presented by: Sebastian Di Tella, Stanford GSB
 
Session 16: Long-Run Labor Supply
June 28, 2018 11:00 to 12:30
 
Session Chair: Cristina Lafuente, University of Edinburgh
 

Long-term Changes in Married Couples' Labor Supply and Taxes: Evidence from the US and Europe Since the 1980s
By Alexander Bick; Arizona State University
Bettina Brueggemann; McMaster University
Nicola Fuchs-Schündeln; Goethe University Frankfurt
Hannah Paule-Paludkiewicz; Goethe University Frankfurt
   presented by: Bettina Brueggemann, McMaster University
 

Why Do People Work So Hard?
By Paul Scanlon; Trinity College Dublin
   presented by: Paul Scanlon, Trinity College Dublin
 

Search capital and Unemployment Duration
By Cristina Lafuente; University of Edinburgh
   presented by: Cristina Lafuente, University of Edinburgh
 
Session 17: International Trade and Productivity
June 28, 2018 11:00 to 12:30
 
Session Chair: Loris Rubini, University of New Hampshire
 

The Impact of Chinese Competition along the Quality Ladder
By Paul Piveteau; Johns Hopkins University
gabriel smagghue; uc3m
   presented by: Paul Piveteau, Johns Hopkins University
 

Input Prices, Productivity and Trade Dynamics: Long-run Effects of Liberalization on Chinese Paint Manufactures
By Paul Grieco; Pennsylvania State University
Shengyu Li; Durham University
Hongsong Zhang; University of Hong Kong
   presented by: Paul Grieco, Pennsylvania State University
 

Do Non-Exporters Lose From Lower Trade Costs?
By Facundo Piguillem; EIEF
Loris Rubini; University of New Hampshire
   presented by: Loris Rubini, University of New Hampshire
 
Session 18: Structural Change I
June 28, 2018 11:00 to 12:30
 
Session Chair: Joseba Martinez, New York University
 

Accounting for Structural Change Over Time: A Case Study of Three Middle-Income Countries
By Michael Sposi; Federal Reserve Bank of Dallas
Kei-Mu Yi; University of Houston
Jing Zhang; Federal Reserve Bank of Chicago
   presented by: Michael Sposi, Federal Reserve Bank of Dallas
 

A theory of structural change that can fit the data
By Simon Alder; University of North Carolina at Chapel H
Timo Boppart; IIES, Stockholm University
Andreas Mueller; University of Essex
   presented by: Simon Alder, University of North Carolina at Chapel H
 

Automation, Growth and Factor Shares
By Joseba Martinez; New York University
   presented by: Joseba Martinez, New York University
 
Session 19: Labor and Cycles
June 28, 2018 11:00 to 12:30
 
Session Chair: Henry Hyatt, US Census Bureau
 

Mismatch Cycles
By Isaac Baley; Universitat Pompeu Fabra & Barcelona GSE
Ana Figueiredo; Universitat Pompeu Fabra and Barcelona GSE
Robert Ulbricht; Toulouse School of Economics
   presented by: Isaac Baley, Universitat Pompeu Fabra & Barcelona GSE
 

Marginal Jobs and Job Surplus: Evidence from Separations and Unemployment Insurance
By Benjamin Schoefer; UC Berkeley
   presented by: Benjamin Schoefer, UC Berkeley
 

Cyclical Labor Market Sorting
By Leland Crane; Federal Reserve Board
Henry Hyatt; US Census Bureau
Seth Murray; University of Maryland
   presented by: Henry Hyatt, US Census Bureau
 
Session 20: Designing Stress Tests
June 28, 2018 11:00 to 12:30
 
Session Chair: Pavel Zryumov, University of Rochester
 

Designing Stress Scenarios
By Cecilia Parlatore; New York University Stern
   presented by: Cecilia Parlatore, New York University Stern
 

Model Secrecy and Stress Tests
By Yaron Leitner; Federal Reserve Bank of Philadelphia
Basil Williams; New York University
   presented by: Basil Williams, New York University
 

Design of Macro-prudential Stress Tests
By Dmitry Orlov; University of Rochester
Andy Skrzypacz; Stanford Graduate School of Business
Pavel Zryumov; University of Rochester
   presented by: Pavel Zryumov, University of Rochester
 
Session 21: Quantifying the Effects of Schooling on Labor Markets
June 28, 2018 11:00 to 12:30
 
Session Chair: John Kennan, University of Wisconsin Madison
 

Labor Market Search, Informality and Schooling Investments
By Luca Flabbi; University of North Carolina
   presented by: Luca Flabbi, University of North Carolina
 

A General Equilibrium Analysis of College Enrollment, Completion, and Labor Market Outcomes
By Maria Ferreyra; The World Bank
Carlos Garriga; Federal Reserve Bank of St. Louis
Angelica Sanchez Diaz; World Bank
   presented by: Carlos Garriga, Federal Reserve Bank of St. Louis
 

Government Expenditure on Education
By Chao Fu; University of Wisconsin - Madison
Shoya Ishimaru; Unviersity of Wisconsin Madison
John Kennan; University of Wisconsin Madison
   presented by: John Kennan, University of Wisconsin Madison
 
Session 22: Corporate Finance
June 28, 2018 11:00 to 12:30
 
Session Chair: George Pennacchi, University of Illinois
 

Voluntary disclosure under dynamic moral hazard
By Shiming Fu; University of Rochester
Giulio Trigilia; University of Rochester
   presented by: Shiming Fu, University of Rochester
 

Corporate Debt Structure, Precautionary Savings, and Investment Dynamics
By Jasmine Xiao; University of Notre Dame
   presented by: Jasmine Xiao, University of Notre Dame
 

Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities
By George Pennacchi; University of Illinois
Alexei Tchistyi; University of Illinois
   presented by: George Pennacchi, University of Illinois
 
Session 23: International Capital Flows and FDI
June 28, 2018 11:00 to 12:30
 
Session Chair: Hidehiko Matsumoto, University of Maryland
 

Financial Stability, Growth, and Macroprudential Policy
By Chang Ma; Johns Hopkins University
   presented by: Chang Ma, Johns Hopkins University
 

Gross Capital Flows and International Diversification
By Hyunju Lee; University of Minnesota
   presented by: Hyunju Lee, University of Minnesota
 

Reserve Accumulation, Foreign Direct Investment, and Economic Growth
[slides]
By Hidehiko Matsumoto; University of Maryland
   presented by: Hidehiko Matsumoto, University of Maryland
 
Session 24: Fiscal Policy and Public Debt
June 28, 2018 11:00 to 12:30
 
Session Chair: Neil Mehrotra, Brown University
 

The Fiscal Theory of the Price Level in an Environment of Low Interest Rates
By Marco Bassetto; Federal Reserve Bank of Chicago
Wei Cui; University College London
   presented by: Marco Bassetto, Federal Reserve Bank of Chicago
 

International Medium of Exchange: Privilege and Duty
By Ryan Chahrour; Boston College
Rosen Valchev; Boston College
   presented by: Rosen Valchev, Boston College
 

Debt Sustainability in a Low Interest Rate World
By Neil Mehrotra; Brown University
   presented by: Neil Mehrotra, Brown University
 
Session 25: Housing Booms, Busts and the Great Recesssion
June 28, 2018 11:00 to 12:30
 
Session Chair: Callum Jones, International Monetary Fund
 

Housing Finance, Boom-Bust Episodes, and Macroeconomic Fragility
By Carlos Garriga; Federal Reserve Bank of St. Louis
Aaron Hedlund; University of Missouri
   presented by: Aaron Hedlund, University of Missouri
 

Unemployment and the US housing market during the Great Recession
[slides]
By Pavel Krivenko; Stanford
   presented by: Pavel Krivenko, Stanford
 

Household Leverage and the Recession
By Callum Jones; International Monetary Fund
   presented by: Callum Jones, International Monetary Fund
 
Session 26: Macroeconomics of Imperfect Markets
June 28, 2018 11:00 to 12:30
 
Session Chair: Fernando Parro, Johns Hopkins University
 

Productivity and Misallocation in General Equilibrium
By David Baqaee; London School of Economics and Political
Emmanuel Farhi; Harvard University
   presented by: David Baqaee, London School of Economics and Political
 

Investigating Global Labor and Pro t Shares
By German Gutierrez; New York University
   presented by: German Gutierrez, New York University
 

Distortions and the Structure of the World Economy
By Lorenzo Caliendo; Yale University
Fernando Parro; Johns Hopkins University
Aleh Tsyvinski; Yale University
   presented by: Fernando Parro, Johns Hopkins University
 
Session 27: Finance and Firm Dynamics
June 28, 2018 11:00 to 12:30
 
Session Chair: Dimitris Papanikolaou, Northwestern University
 

Misallocation or Risk-Adjusted Capital Allocation?
By Joel David; USC
   presented by: Joel David, USC
 

Are business cycles within the firm? On the reallocation of financial funds across establishments within firms
By Matthias Kehrig; Duke University
   presented by: Matthias Kehrig, Duke University
 

Technological Innovation and the Distribution of Labor Income Growth
By Dimitris Papanikolaou; Northwestern University
   presented by: Dimitris Papanikolaou, Northwestern University
 
Session 28: Marriage and Jobs
June 28, 2018 11:00 to 12:30
 
Session Chair: Silvio Rendon, The Federal Reserve Bank of Philadelphia
 

Cohabitation, Marriage, and Fertility: Divergent Patterns for Different Education Groups
By Helu Jiang; Washington University in St. Louis
   presented by: Helu Jiang, Washington University in St. Louis
 

Deconstructing job search behavior
By Stefano Banfi; Chilean Ministry of Energy
Sekyu Choi; University of Bristol
Benjamin Villena-Roldan; University of Chile
   presented by: Benjamin Villena-Roldan, University of Chile
 

Family Job Search and Wealth: The Added Worker Effect Revisited
By Silvio Rendon; The Federal Reserve Bank of Philadelphia
J. Ignacio García-Pérez; Universidad Pablo de Olavide
   presented by: Silvio Rendon, The Federal Reserve Bank of Philadelphia
 
Session 29: Unconventional Monetary Policy
June 28, 2018 13:45 to 15:15
 
Session Chair: Martina Jasova, Princeton University
 

Monetary Policy under Financial Exclusion
By Rajesh Singh; Iowa State University
   presented by: Rajesh Singh, Iowa State University
 

Delphic and Odyssean monetary policy shocks: Evidence from the euro-area
By Filippo Ferroni; Chicago FED
   presented by: Filippo Ferroni, Chicago FED
 

Rollover Risk and Bank Lending Behavior: Evidence from Unconventional Central Bank Liquidity
[slides]
By Martina Jasova; Princeton University
Caterina Mendicino; European Central Bank
Dominik Supera; Wharton School, University of Pennsylvania
   presented by: Martina Jasova, Princeton University
 
Session 30: Labor Markets - Sorting, Mobility and Wages
June 28, 2018 13:45 to 15:15
 
Session Chair: Aysegul Sahin, Federal Reserve Bank of New York
 

Multi-Dimensional Sorting in the Data
By Ilse Lindenlaub; Yale University
Fabien Postel-Vinay; University College London
   presented by: Ilse Lindenlaub, Yale University
 

The Role of Sectoral Composition in the Evolution of the Skill Wage Premium
By Sara Moreira; Northwestern University
   presented by: Sara Moreira, Northwestern University
 

Job Ladder, Wages, and Prices
By Sebastian Heise; Federal Reserve Bank of New York
Fatih Karahan; Federal Reserve Bank of New York
Aysegul Sahin; Federal Reserve Bank of New York
   presented by: Aysegul Sahin, Federal Reserve Bank of New York
 
Session 31: Multinational Production
June 28, 2018 13:45 to 15:15
 
Session Chair: Fatih Guvenen, University of Minnesota
 

Global Value Chains and Inequality with Endogenous Labor Supply
By Kei-Mu Yi; University of Houston
Eunhee Lee; University of maryland
   presented by: Kei-Mu Yi, University of Houston
 

Financing Multinationals
By Jingting Fan; Penn State University
Wenlan Luo; Tsinghua University
   presented by: Jingting Fan, Penn State University
 

The measurement implications of offshore profit shifting
By Jennifer Koncz-Bruner; bureau of economic analysis
Fatih Guvenen; University of Minnesota
Raymond Mataloni; U.S. Department of Commerce
Dylan Rassier; Bureau of Economic Analysis
Kim Ruhl; Pennsylvania State University
   presented by: Fatih Guvenen, University of Minnesota
 
Session 32: Development Patterns Within and Across Countries
June 28, 2018 13:45 to 15:15
 
Session Chair: Marti Mestieri, Northwestern University
 

The Natural Rate of Structural Change
By Francisco Buera; Washington University at St. Louis
Joseph Kaboski; University of Notre Dame
Marti Mestieri; Northwestern University
   presented by: Francisco Buera, Washington University at St. Louis
 

Occupations, Skills and Barriers to Labor Reallocation
By Georg Duernecker; University of Munich
Berthold Herrendorf; Arizona State University
   presented by: Georg Duernecker, University of Munich
 

The Technology Frontier and the Rise and Fall of Cities
By Enrico Berkes; Northwestern University
Ricardo Dahis; Northwestern University
Marti Mestieri; Northwestern University
   presented by: Marti Mestieri, Northwestern University
 
Session 33: Credit, Investment, and Cycles
June 28, 2018 13:45 to 15:15
 
Session Chair: Thomas Winberry, University of Chicago
 

The Real Effects of Credit Booms and Busts: A County-Level Analysis
By Simon Gilchrist; New York University
   presented by: Simon Gilchrist, New York University
 

The Decline in Corporate Investment
By Vito Gala; University of Pennsylvania
Joao Gomes; University of Pennsylvania
Hongxun Ruan; Wharton School
   presented by: Joao Gomes, University of Pennsylvania
 

Macroeconomic Implications of Asset Prices
By Mikhail Golosov; University of Chicago
Thomas Winberry; University of Chicago
   presented by: Thomas Winberry, University of Chicago
 
Session 34: The Macroeconomics of Asset Bubbles
June 28, 2018 13:45 to 15:15
 
Session Chair: Erik Loualiche, University of Minnesota
 

Asset Price Bubbles and the Distribution of Firms
By Haozhou Tang; Bank of Mexico
   presented by: Haozhou Tang, Bank of Mexico
 

A Quantitative Model of Bubble-Driven Business Cycles
By Benjamin Larin; Leipzig University
   presented by: Benjamin Larin, Leipzig University
 

Efficient Bubbles?
By Valentin Haddad; University of California, Los Angeles
Paul Ho; Princeton University
Erik Loualiche; University of Minnesota
   presented by: Erik Loualiche, University of Minnesota
 
Session 35: Topics in Macro Labor
June 28, 2018 13:45 to 15:15
 
Session Chair: Laurence Ales, Carnegie Mellon University
 

Technology-Driven Unemployment
By Gregory Casey; Brown University
   presented by: Gregory Casey, Brown University
 

Coordinated Work Schedules and the Gender Wage Gap
By German Cubas; University of Houston
Chinhui Juhn; University of Houston
Pedro Silos; Temple University
   presented by: German Cubas, University of Houston
 

The Sources of Capital-Labor Substitutability
By Laurence Ales; Carnegie Mellon University
Brian Kovak; Carnegie Mellon University
Hakki Ozdenoren; Carnegie Mellon University
Kate Whitefoot; Carnegie Mellon University
   presented by: Laurence Ales, Carnegie Mellon University
 
Session 36: Beliefs and Macroeconomics
June 28, 2018 13:45 to 15:15
 
Session Chair: Julian Kozlowski, New York University
 

Sentimental Business Cycles
By Andresa Lagerborg; European University Institute
Evi Pappa; European University Institute
Morten Ravn; University College London
   presented by: Morten Ravn, University College London
 

Confidence in Central Banks and Inflation Expectations
By Michael Lamla; ETH Zurich
Damjan Pfajfar; Federal Reserve Board
Lea Rendell; University of Maryland
   presented by: Damjan Pfajfar, Federal Reserve Board
 

The Tail that Keeps the Riskless Rate Low
By Julian Kozlowski; New York University
Laura Veldkamp; New York University
Venky Venkateswaran; New York University
   presented by: Julian Kozlowski, New York University
 
Session 37: Topics in International Macroeconomics
June 28, 2018 13:45 to 15:15
 
Session Chair: Francois Geerolf, University of California, Los Angeles
 

Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited
By Martin Uribe; Columbia University
   presented by: Martin Uribe, Columbia University
 

The Paradox of Global Thrift
By Luca Fornaro; CREI and Universitat Pompeu Fabra
   presented by: Luca Fornaro, CREI and Universitat Pompeu Fabra
 

The Phillips Curve: Price Levels or Real Exchange Rates?
By Francois Geerolf; University of California, Los Angeles
   presented by: Francois Geerolf, University of California, Los Angeles
 
Session 38: Dealing with Default
June 28, 2018 13:45 to 15:15
 
Session Chair: Mark Wright, Federal Reserve Bank of Minneapolis
 

Optimal Exclusion
By Cyril Monnet; Universitat Bern
Erwan Quintin; University of Wisconsin Madison
   presented by: Erwan Quintin, University of Wisconsin Madison
 

Sovereign Debt Restructuring: A Dynamic Discrete Choice Approach
By Maximiliano Dvorkin; Federal Reserve Bank of St. Louis
Juan Sanchez; Federal Reserve Bank of St. Louis
Horacio Sapriza; Federal Reserve Board
Emircan Yurdagul; uc3m
   presented by: Maximiliano Dvorkin, Federal Reserve Bank of St. Louis
 

The Seniority Structure of Sovereign Debt
By Mark Wright; Federal Reserve Bank of Minneapolis
   presented by: Mark Wright, Federal Reserve Bank of Minneapolis
 
Session 39: Housing Policy
June 28, 2018 13:45 to 15:15
 
Session Chair: Daniel Greenwald, MIT
 

Systematic Monetary Policy and the Macroeconomic Effects of Shifts in Loan-to-Value Ratios
By Ruediger Bachmann; University of Notre Dame
Sebastian Rueth; Ghent University
   presented by: Ruediger Bachmann, University of Notre Dame
 

An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts
By Alexei Tchistyi; University of Illinois
   presented by: Alexei Tchistyi, University of Illinois
 

Managing a Housing Boom
By Jason Allen; Bank of Canada
Daniel Greenwald; MIT
   presented by: Daniel Greenwald, MIT
 
Session 40: Macroeconomic Effects of Competition
June 28, 2018 13:45 to 15:15
 
Session Chair: Simon Mongey, Federal Reserve Bank of Minneapolis
 

Asset Bubbles and Product Market Competition
By Francisco Queiros; Universitat Pompeu Fabra
   presented by: Francisco Queiros, Universitat Pompeu Fabra
 

A Model of Imperfect Competition under Adverse Selection
By Hector Chade; Arizona State University
   presented by: Hector Chade, Arizona State University
 

Quantifying the Effect of Market Power: An Oligopolistic Framework for Firm Dynamics
By Jan De Loecker; KU Leuven
Jan Eeckhout; University College London and Barcelona
Simon Mongey; Federal Reserve Bank of Minneapolis
   presented by: Simon Mongey, Federal Reserve Bank of Minneapolis
 
Session 41: Human Capital and Migration
June 28, 2018 13:45 to 15:15
 
Session Chair: Salvador Navarro, University of Western Ontario
 

Skills, Migration, and Urban Amenities over the Life Cycle
By David Albouy; University of Illinois
Jason Faberman; Federal Reserve Bank of Chicago
   presented by: Jason Faberman, Federal Reserve Bank of Chicago
 

The Return to Big City Experience: Evidence from Danish Refugees
By Fabian Eckert; Yale University
Mads Hejlesen; Aarhus University
Conor Walsh; Yale University
   presented by: Conor Walsh, Yale University
 

Human Capital and Migration: a Cautionary Tale
By Salvador Navarro; University of Western Ontario
Jin Zhou; University of Chicago
   presented by: Salvador Navarro, University of Western Ontario
 
Session 42: Trade and Productivity
June 28, 2018 13:45 to 15:15
 
Session Chair: Andrew McCallum, Federal Reserve Board
 

Product-Level Efficiency and Core Competence in Multi-Product Plants
By Alvaro Garcia Marin; Universidad de Chile
Nico Voigtländer
   presented by: Alvaro Garcia Marin, Universidad de Chile
 

Leaving NAFTA:Implications for Inequality
By Collin Rabe; University of Richmond
Andrea Waddle; University of Richmond
   presented by: Andrea Waddle, University of Richmond
 

The Great Recession and a Missing Generation of Exporters
By William Lincoln; Claremont McKenna College
Andrew McCallum; Federal Reserve Board
Michael Siemer; Federal Reserve System Board of Governor
   presented by: Andrew McCallum, Federal Reserve Board
 
Session 43: Advances in New Keynesian Models
June 28, 2018 15:45 to 17:15
 
Session Chair: Daniel Wilson, Federal Reserve Bank of San Francisco
 

A New Keynesian Model with Wealth in the Utility Function
[slides]
By Pascal Michaillat; Brown University
Emmanuel Saez; University of California, Berkeley
   presented by: Pascal Michaillat, Brown University
 

Kaldor and Piketty's Facts: the Rise of Monopoly Power in the United States
By Gauti Eggertsson; Brown University
Jacob Robbins; Brown University
   presented by: Jacob Robbins, Brown University
 

From NY to LA: A Look at the Wage Phillips Curve Using Cross-Geographical Data
[slides]
By Daniel Wilson; Federal Reserve Bank of San Francisco
   presented by: Daniel Wilson, Federal Reserve Bank of San Francisco
 
Session 44: Search Theory
June 28, 2018 15:45 to 17:15
 
Session Chair: Camilo Morales-Jimenez, Board of Governors of the Federal Reserve System
 

Gradual Bargaining in Decentralized Asset Markets
By Tai-Wei Hu; University of Bristol
Younghwan In; KAIST
Lucie Lebeau; UC Irvine
Guillaume Rocheteau; University of California, Irvine
   presented by: Lucie Lebeau, UC Irvine
 

Unemployment Insurance Take-up Rates in an Equilibrium Search Model
By David Fuller; University of Wisconsin-Oshkosh
Stephane Auray; CREST-Ensai
Damba Lkhagvasuren; Concordia University, Montreal, Canada
   presented by: David Fuller, University of Wisconsin-Oshkosh
 

Dynamic and Stochastic Search Equilibrium
By Camilo Morales-Jimenez; Board of Governors of the Federal Reserve System
   presented by: Camilo Morales-Jimenez, Board of Governors of the Federal Reserve System
 
Session 45: New Perspectives on Models of International Trade
June 28, 2018 15:45 to 17:15
 
Session Chair: Nelson Lind, Emory University
 

Commodity Trade Matters
By Thibault Fally; University of California Berkeley
James Sayre; UC Berkeley ARE
   presented by: Thibault Fally, University of California Berkeley
 

Search Frictions in International Good Markets
By Clemence Lenoir; CREST-ENSAE
Julien Martin; Université du Québec à Montréal
Isabelle Mejean; CREST Ecole Polytechnique
   presented by: Isabelle Mejean, CREST Ecole Polytechnique
 

Trade with Correlation
By Nelson Lind; Emory University
Natalia Ramondo; UCSD
   presented by: Nelson Lind, Emory University
 
Session 46: Patents, Nonrivalry, and Innovation
June 28, 2018 15:45 to 17:15
 
Session Chair: Juan Sanchez, Federal Reserve Bank of St. Louis
 

Nonrivalry and the Economics of Data
[slides]
By Charles Jones; Stanford University
Christopher Tonetti; Stanford GSB
   presented by: Christopher Tonetti, Stanford GSB
 

Patents to Products: Innovation and Firm Performance
By David Argente; University of Chicago
Salome Baslandze; EIEF - Einaudi Institute for Economics a
Douglas Hanley; University of Pittsburgh
Sara Moreira; Northwestern University
   presented by: David Argente, University of Chicago
 

Financing Ventures
By Jeremy Greenwood; University of Pennsylvania
Pengfei Han; University of Pennsylvania
Juan Sanchez; Federal Reserve Bank of St. Louis
   presented by: Juan Sanchez, Federal Reserve Bank of St. Louis
 
Session 47: Consumption Patterns: Evidence from Micro Data
June 28, 2018 15:45 to 17:15
 
Session Chair: Joseph Vavra, University of Chicago
 

The extensive margin of aggregate consumption demand
By Claudio Michelacci; EIEF
Luigi Paciello; EIEF
Andrea Pozzi; EIEF
   presented by: Luigi Paciello, EIEF
 

Home Equity Extraction and the Boom-Bust Cycle in Consumption and Residential Investment
By Xiaoqing Zhou; Bank of Canada
   presented by: Xiaoqing Zhou, Bank of Canada
 

The Rise in Household Spending Concentration
By Brent Neiman; University of Chicago
Joseph Vavra; University of Chicago
   presented by: Joseph Vavra, University of Chicago
 
Session 48: The Broader Financial System
June 28, 2018 15:45 to 17:15
 
Session Chair: Vania Stavrakeva, London Business School
 

Markets for Financial Innovation
By Ana Babus; Washington University in St. Louis
Kinda Hachem; University of Chicago
   presented by: Kinda Hachem, University of Chicago
 

Data Lessons on Bank Behavior
By Juliane Begenau; Stanford University
Saki Bigio; UCLA
Jeremy Majerovitz; Stanford University
   presented by: Juliane Begenau, Stanford University
 

Regulation and the Broader Financial Sector
By Vania Stavrakeva; London Business School
   presented by: Vania Stavrakeva, London Business School
 
Session 49: Empirical Approaches to Inequality
June 28, 2018 15:45 to 17:15
 
Session Chair: Ana Fernandes, Berner Fachhochschule; University of Fri
 

Nutrition Inequality: The Role of Prices, Income, and Preferences.
By Noriko Amano
   presented by: Noriko Amano,
 

How Important Is Health Inequality for Lifetime Earnings Inequality?
By Roozbeh Hosseini; University of Georgia
Karen Kopecky; Federal Reserve Bank of Atlanta
Kai Zhao; University of Connecticut
   presented by: Kai Zhao, University of Connecticut
 

Fertility Discrimination in Hiring? Evidence from a Field Experiment
By Sascha O. Becker; University of Warwick
Ana Fernandes; Berner Fachhochschule; University of Fri
Doris Weichselbaumer; University of Linz
   presented by: Ana Fernandes, Berner Fachhochschule; University of Fri
 
Session 50: Information and Macroeconomics
June 28, 2018 15:45 to 17:15
 
Session Chair: Mathieu Taschereau-Dumouchel, Cornell University
 

On the Propagation of Demand Shocks
By George-Marios Angeletos; M.I.T.
Chen Lian; MIT
   presented by: Chen Lian, MIT
 

Big Data in Finance and the Growth of Large Firms
By Juliane Begenau; Stanford University
Maryam Farboodi; Princeton University
Laura Veldkamp; New York University
   presented by: Laura Veldkamp, New York University
 

Herding, Technology Adoption and Boom-Bust Cycles
By Edouard Schaal; Universitat Pompeu Fabra
Mathieu Taschereau-Dumouchel; Cornell University
   presented by: Mathieu Taschereau-Dumouchel, Cornell University
 
Session 51: Sovereign Debt and Liquidity
June 28, 2018 15:45 to 17:15
 
Session Chair: xavier Ragot, SciencesPo
 

Spending Multiplier during Sudden Stop Crises
By Siming Liu; Indiana University
   presented by: Siming Liu, Indiana University
 

Sovereign Debt, Default Risk, and the Liquidity of Government Bonds
By Gaston Chaumont; Pennsylvania State University
   presented by: Gaston Chaumont, Pennsylvania State University
 

Sovereign Default and Liquidity: The Case for a World Safe
By xavier Ragot; SciencesPo
Francois Le Grand; EMLyon Business School
   presented by: xavier Ragot, SciencesPo
 
Session 52: Fiscal Policy with Heterogeneous Agents
June 28, 2018 15:45 to 17:15
 
Session Chair: Xin Tang, International Monetary Fund and Wuhan University
 

Corporate Income Tax, Legal Form of Organization, and Employment
By Don Schlagenhauf; Federal Reserve Bank of St Louis
   presented by: Don Schlagenhauf, Federal Reserve Bank of St Louis
 

Welfare Effects of Fiscal Procyclicality: Public Insurance with Heterogeneous Agents
By Alvaro Aguirre; Central Bank of Chile
   presented by: Alvaro Aguirre, Central Bank of Chile
 

The Macroeconomic and Distributional Implications of Fiscal Consolidations in Low-income Countries
By Adrian Peralta-Alva; International Monetary Fund
Marina Mendes Tavares; ITAM and IMF
Xuan Tam; City University of Hong Kong
Xin Tang; International Monetary Fund and Wuhan University
   presented by: Xin Tang, International Monetary Fund and Wuhan University
 
Session 53: Measuring the Impact of Imperfect Competition
June 28, 2018 15:45 to 17:15
 
Session Chair: Ying Fan, University of Michigan
 

Dynamic Pricing with Forward Looking Social Learners: the Case of US Video Games Industry
By Shen Hui
   presented by: Shen Hui,
 

Measuring the Welfare of Intermediation in Vertical Markets
By Javier Donna; The Ohio State University
Pedro Pereira; Autoridade da Concorrência
Tiago Pires; U North Carolina
Andre Trindade; Getulio Vargas Foundation (FGV)
   presented by: Javier Donna, The Ohio State University
 

Estimate Markups with a Flexible Supply Model
By Ying Fan; University of Michigan
Christopher Sullivan
   presented by: Ying Fan, University of Michigan
 
Session 54: Taxation and Entrepreneurship
June 28, 2018 15:45 to 17:15
 
Session Chair: Lucila Berniell, CAF
 

The Role of Corporate Taxes in the Decline of the Startup Rate
By Julian Neira; University of Exeter
Rish Singhania; University of Exeter
   presented by: Rish Singhania, University of Exeter
 

The Tax Cuts and Jobs Act (TCJA) : A Quantitative Evaluation
By Herve Zeida; University of Montreal
   presented by: Herve Zeida, University of Montreal
 

Occupational Choice and Investments in Human Capital in Informal Economies
By Lucila Berniell; CAF
   presented by: Lucila Berniell, CAF
 
Session 55: Credit Market Dynamics
June 28, 2018 15:45 to 17:15
 
Session Chair: Daniel Neuhann, UT Austin, McCombs School of Business
 

Lending standards and output growth
By Divya Kirti; IMF
   presented by: Divya Kirti, IMF
 

Cycles of Credit Expansion and Misallocation: The Good, The Bad and The Ugly
By Feng Dong; Shanghai Jiao Tong University
Zhiwei XU; Shanghai Jiao Tong University
   presented by: Feng Dong, Shanghai Jiao Tong University
 

The Incentive Channel of Capital Market Interventions
By Michael Lee; Federal Reserve Bank of New York
Daniel Neuhann; UT Austin, McCombs School of Business
   presented by: Daniel Neuhann, UT Austin, McCombs School of Business
 
Session 56: Topics on Heterogeneous Agents
June 28, 2018 15:45 to 17:15
 
Session Chair: Felipe Saffie, University of Maryland
 

Optimal Unemployment Insurance over the Business Cycle
By Marcelo Veracierto; Federal Reserve Bank of Chicago
   presented by: Marcelo Veracierto, Federal Reserve Bank of Chicago
 

Captial Reallocation and Productivity
By Russell Cooper; The Pennsylvania State University
Immo Schott; Université de Montréal
   presented by: Russell Cooper, The Pennsylvania State University
 

Measuring Uncertainty
By Boragan Aruoba; University of Maryland
Dun Jia; Renmin University of China
Felipe Saffie; University of Maryland
   presented by: Felipe Saffie, University of Maryland
 
Session 57: Effects of Monetary Policy
June 29, 2018 9:00 to 10:30
 
Session Chair: Christoph Kaufmann, European Central Bank
 

Output Hysteresis and Optimal Monetary Policy
By Sanjay Singh; University of California, Davis
   presented by: Sanjay Singh, University of California, Davis
 

(Un)expected Monetary Policy Shocks and Term Premia
By Martin Kliem; Deutsche Bundesbank
Alexander Meyer-Gohde; University of Hamburg
   presented by: Martin Kliem, Deutsche Bundesbank
 

Interest Rate Spreads and Forward Guidance
By Christian Bredemeier; University of Cologne
Christoph Kaufmann; European Central Bank
Andreas Schabert; University of Cologne
   presented by: Christoph Kaufmann, European Central Bank
 
Session 58: Labor Markets - Sorting and Wage Inequality
June 29, 2018 9:00 to 10:30
 
Session Chair: Rasmus Lentz, University of Wisconsin Madison
 

Gender Wage Gap and Sorting over Life Cycle
By Katarina Borovickova; New York University
   presented by: Katarina Borovickova, New York University
 

Learning from Coworkers
By Gregor Jarosch; Princeton University
Ezra Oberfield; Princeton University
Esteban Rossi-Hansberg; Princeton University
   presented by: Gregor Jarosch, Princeton University
 

On Worker and Firm Heterogeneity in Wages and Employment Mobility: Evidence from Danish Register Data
By Rasmus Lentz; University of Wisconsin Madison
Suphanit Piyapromdee; University College London
Jean Marc Robin; Sciences Po
   presented by: Rasmus Lentz, University of Wisconsin Madison
 
Session 59: Openness and Imbalances
June 29, 2018 9:00 to 10:30
 
Session Chair: Robert Zymek, University of Edinburgh
 

Does Openness Matter for Structural Change?
By Lidia Smitkova; University of Cambridge
   presented by: Lidia Smitkova, University of Cambridge
 

Globalization, Trade Imbalances, and Labor Market Adjustment
By Rafael Dix-Carneiro; Duke University
Ricardo Reyes-Heroles; Federal Reserve Board
Sharon Traiberman; NYU
   presented by: Sharon Traiberman, NYU
 

Bilateral Trade Imbalances
By Robert Zymek; University of Edinburgh
   presented by: Robert Zymek, University of Edinburgh
 
Session 60: Development Economics
June 29, 2018 9:00 to 10:30
 
Session Chair: Anusha Nath, Federal Reserve Bank of Minneapolis
 

Investing in Public Infrastructure: Roads or Schools?
By Grace Li; International Monetary Fund
   presented by: Grace Li, International Monetary Fund
 

The Consumption, Income, and Wealth of the Poorest: An Empirical Analysis of Economic Inequality in Rural and Urban Sub-Saharan Africa for Macroeconomists
By Leandro De Magalhaes; University of Bristol
Raul Santaeulalia-Llopis; MOVE-UAB and Barcelona GSE
   presented by: Leandro De Magalhaes, University of Bristol
 

Bureaucrats and Politicians: Electoral Competition and Dynamic Incentives
By Anusha Nath; Federal Reserve Bank of Minneapolis
   presented by: Anusha Nath, Federal Reserve Bank of Minneapolis
 
Session 61: Search Frictions and Macroeconomics
June 29, 2018 9:00 to 10:30
 
Session Chair: Yu Zhu, Bank of Canada
 

Search Complementarities, Aggregate Fluctuations and Fiscal Policy
By Jesus Fernandez-Villaverde; University of Pennsylvania
Federico Mandelman; Federal Reserve Bank of Atlanta
Yang Yu; Shanghai University of Finance and Economics
Francesco Zanetti; University of Oxford
   presented by: Yang Yu, Shanghai University of Finance and Economics
 

On the dynamics of asset prices and liquidity: the role of search frictions and idiosyncratic shocks
By Elton Dusha; University of Chile
Alexandre Janiak; Pontificia Universidad Catolica de Chile
   presented by: Alexandre Janiak, Pontificia Universidad Catolica de Chile
 

Frictional Capital Reallocation II: Ex Post Heterogeneity
By Randall Wright; University of Wisconsin
Xiaolin Xiao; Economics Discipline Group
Yu Zhu; Bank of Canada
   presented by: Yu Zhu, Bank of Canada
 
Session 62: Shadow Banking
June 29, 2018 9:00 to 10:30
 
Session Chair: Bora Durdu, Federal Reserve Board
 

Private credit creation in the modern financial market
By Tingting Zhu; Unversity of California, Davis
   presented by: Tingting Zhu, Unversity of California, Davis
 

Supply of Private Safe Assets: Interplay of Shadow and Traditional Banks
By Stefan Gissler; Federal Reserve Board
Borghan Narajabad; Federal Reserve Board
   presented by: Borghan Narajabad, Federal Reserve Board
 

Macroeconomic implications of shadow banks: A DSGE analysis
By Bora Durdu; Federal Reserve Board
Molin Zhong; Federal Reserve Board
   presented by: Bora Durdu, Federal Reserve Board
 
Session 63: Determinants of Wealth Inequality
June 29, 2018 9:00 to 10:30
 
Session Chair: Roozbeh Hosseini, University of Georgia
 

Decomposing the Rise in Top Wealth Inequality
By Matthieu Gomez; Princeton University
   presented by: Matthieu Gomez, Princeton University
 

Accounting for the determinants of wealth concentration in the US
By Baris Kaymak; Universite de Montreal
CHEUK SHING LEUNG; McGill University
Markus Poschke; McGill
   presented by: Baris Kaymak, University of Montreal
 

The Evolution of Health over the Life Cycle
By Roozbeh Hosseini; University of Georgia
Karen Kopecky; Federal Reserve Bank of Atlanta
Kai Zhao; University of Connecticut
   presented by: Roozbeh Hosseini, University of Georgia
 
Session 64: Inattention and Macroeconomics
June 29, 2018 9:00 to 10:30
 
Session Chair: Luminita Stevens, University of Maryland
 

Inattention and Belief Polarization
By Kristoffer Nimark; Cornell University
   presented by: Kristoffer Nimark, Cornell University
 

Dynamic Inattention, the Phillips Curve, and Forward Guidance
By Hassan Afrouzi; Columbia University
Choongryul Yang; University of Texas at Austin
   presented by: Hassan Afrouzi, Columbia University
 

Price Dispersion in the Great Recession
By Luminita Stevens; University of Maryland
   presented by: Luminita Stevens, University of Maryland
 
Session 65: Sovereign Default
June 29, 2018 9:00 to 10:30
 
Session Chair: Neele Balke, University of Chicago; IIES
 

Debt, Defaults and Dogma: politics and the dynamics of sovereign debt markets
By Ionut Cotoc; McMaster University
Alok Johri; McMaster University
Cesar Sosa-Padilla; Notre Dame
   presented by: Alok Johri, McMaster University
 

On Regional Borrowing, Migration, and Default
By Grey Gordon; Indiana University
Pablo Guerron-Quintana; Boston College
   presented by: Grey Gordon, Indiana University
 

The Employment Cost of Sovereign Default
By Neele Balke; University of Chicago; IIES
   presented by: Neele Balke, University of Chicago; IIES
 
Session 66: Capital Taxation
June 29, 2018 9:00 to 10:30
 
Session Chair: Ellen McGrattan, University of Minnesota
 

Implementing the Modified Golden Rule? Optimal Ramsey Capital Taxation with Incomplete Markets Revisited
By Yunmin Chen; Academia Sinica
YiLi Chien; Federal Reserve Bank of St. Louis
Cheng Chen Yang; Academia Sinica
   presented by: YiLi Chien, Federal Reserve Bank of St. Louis
 

Saving Rates in Latin America: A Neoclassical Perspective
By Andres Fernandez; Inter American Development Bank
Ayse Imrohoroglu; USC
Cesar Tamayo; Inter-American Development bank
   presented by: Andres Fernandez, Inter American Development Bank
 

Health Capital Taxation
By Job Boerma; University of Minnesota
Ellen McGrattan; University of Minnesota
   presented by: Ellen McGrattan, University of Minnesota
 
Session 67: Applied Time Series
June 29, 2018 9:00 to 10:30
 
Session Chair: Neville Francis, UNC Chapel Hill
 

Bayesian Estimation of Fractionally Integrated Vector Autoregressions and an Application to Identified Technology Shocks
By Ross Doppelt; Penn State
Keith O'Hara; New York University
   presented by: Ross Doppelt, Penn State
 

Recoverability
By Kyle Jurado; Duke University
Ryan Chahrour; Boston College
   presented by: Kyle Jurado, Duke University
 

What Economic Factors Underlie Connectedness in Corporate Credit Default Swaps: News vs. Macroeconomic Factors?
By Andrew Castro; Michigan State University
Neville Francis; UNC Chapel Hill
   presented by: Neville Francis, UNC Chapel Hill
 
Session 68: Innovation in the Global Economy
June 29, 2018 9:00 to 10:30
 
Session Chair: Liliana Varela, University of Warwick
 

Foreign Competition and Domestic Innovation: Evidence from U.S. Patents
By David Autor; Massachusetts Institute of Technology
David Dorn; University of Zurich
Gordon Hanson; University of California, San Diego
Gary Pisano
Pian Shu; Georgia Institute of Technology
   presented by: Pian Shu, Georgia Institute of Technology
 

Cascading Innovation
By Vasco Carvalho; U of Cambridge
Mirko Draca; University of Warwick
   presented by: Mirko Draca, University of Warwick
 

Innovation and the Patterns of Trade: A Firm-Level Analysis
By Ana Maria Santacreu; Federal Reserve Bank of Saint Louis
Liliana Varela; University of Warwick
   presented by: Liliana Varela, University of Warwick
 
Session 69: Intangible Capital and Economic Growth
June 29, 2018 9:00 to 10:30
 
Session Chair: Shengxing Zhang, London School of Economics
 

Taxation, Expenditures and the Irish Miracle
By Paul Klein; Stockholm University
Gustavo Ventura; Arizona State University
   presented by: Gustavo Ventura, Arizona State University
 

Corporate Governance, Managerial Compensation, and Disruptive Innovations
By Murat Celik; University of Toronto
Xu Tian; University of Toronto
   presented by: Murat Celik, University of Toronto
 

Intangibles, Inequality and Stagnation
By Nobuhiro Kiyotaki; Princeton University
Shengxing Zhang; London School of Economics
   presented by: Shengxing Zhang, London School of Economics
 
Session 70: College and Human Capital
June 29, 2018 9:00 to 10:30
 
Session Chair: Tatyana Koreshkova, Concordia University
 

Earning More by Doing Less: Human Capital Specialization and the College Wage Premium
By Titan Alon
   presented by: Titan Alon,
 

Multidimensional Ability Sorting, Education Choices, and Labor Market Outcomes
By John Humphries; Yale University
Juanna Joensen; University of Chicago
Gregory Veramendi; Arizona State University
   presented by: Gregory Veramendi, Arizona State University
 

Sorting of Students into Colleges: Inefficiencies and Policy Implications
By Lutz Hendricks; UNC Chapel Hill
Tatyana Koreshkova; Concordia University
Oksana Leukhina; Federal Reserve Bank of St. Louis
   presented by: Oksana Leukhina, Federal Reserve Bank of St. Louis
 
Session 71: Monetary and Fiscal Policy with Incomplete Markets
June 29, 2018 11:00 to 12:30
 
Session Chair: Adrien Auclert, Stanford
 

The aggregate and allocative effects of government asset purchases
By Rohan Kekre; University of Chicago
Moritz Lenel; University of Chicago
   presented by: Rohan Kekre, University of Chicago
 

Incomplete Markets and Aggregate Demand
By Ivan Werning; Massachusetts Institute of Technology
   presented by: Ivan Werning, Massachusetts Institute of Technology
 

The Intertemporal Keynesian Cross
By Adrien Auclert; Stanford
Matthew Rognlie; Northwestern University
Ludwig Straub; MIT
   presented by: Adrien Auclert, Stanford
 
Session 72: Matching in Labor Markets
June 29, 2018 11:00 to 12:30
 
Session Chair: Benjamin Lester, Federal Reserve Bank of Philadelphia
 

Distributional Effects of Local Minimum Wage Hikes: A Spatial Job Search Approach
[slides]
By Weilong Zhang; University of Pennsylvania
   presented by: Weilong Zhang, University of Pennsylvania
 

Labor Market Screening and Social Insurance Program Design for the Disabled
By Naoki Aizawa; University of Minnesota
Soojin Kim; Purdue University
Serena Rhee; University of Hawaii Manoa
   presented by: Soojin Kim, Purdue University
 

Job Referrals and Skills
By Benjamin Lester; Federal Reserve Bank of Philadelphia
David Rivers; University of Western Ontario
Giorgio Topa; Federal Reserve Bank of New York
   presented by: Benjamin Lester, Federal Reserve Bank of Philadelphia
 
Session 73: International Trade and the Macroeconomy
June 29, 2018 11:00 to 12:30
 
Session Chair: Michal Szkup, University of British Columbia
 

Capital-Goods Imports and U.S. Growth
By Anthony Landry; Bank of Canada
   presented by: Anthony Landry, Bank of Canada
 

The Macroeconomic Effect of Trade Policy
By Christopher Erceg; Federal Reserve Board
Andrea Prestipino; Federal Reserve Board
Andrea Raffo; Federal Reserve Board
   presented by: Andrea Raffo, Federal Reserve Board
 

Financial Frictions, Trade, and Misallocation
By David Kohn; Pontificia Universidad Católica de Chile
Fernando Leibovici; Federal Reserve Bank of St. Louis
Michal Szkup; University of British Columbia
   presented by: Michal Szkup, University of British Columbia
 
Session 74: Topics in Economic Growth
June 29, 2018 11:00 to 12:30
 
Session Chair: B Ravikumar, Federal Reserve Bank of St Louis
 

Mismatch and Aggregate Productivity
By Ping Wang; Washington University in St. Louis
Russell Wong; Federal Reserve Bank of Richmond
Chong Yip; Chinese University of Hong Kong
   presented by: Russell Wong, Federal Reserve Bank of Richmond
 

Devaluations and Growth: The Role of Financial Development
By David Perez-Reyna; Universidad de los Andes
Filippo Rebessi; California State University, East Bay
   presented by: David Perez-Reyna, Universidad de los Andes
 

Optimal Infant Industry Protection
[slides]
By B Ravikumar; Federal Reserve Bank of St Louis
Raymond Riezman; University of Iowa
Yuzhe Zhang; Texas A&M University
   presented by: B Ravikumar, Federal Reserve Bank of St Louis
 
Session 75: The Costs of Business Cycles
June 29, 2018 11:00 to 12:30
 
Session Chair: Domenico Ferraro, Arizona State University
 

Escaping Unemployment Traps
By Sushant Acharya; Federal Reserve Bank of New York
Julien Bengui; Université de Montréal
Keshav Dogra; Federal Reserve Bank of New York
Shu Lin Wee; Carnegie Mellon University Tepper School of Business
   presented by: Keshav Dogra, Federal Reserve Bank of New York
 

Understanding the Scarring Effect of Recessions
By Christopher Huckfeldt; Cornell University
   presented by: Christopher Huckfeldt, Cornell University
 

The Scarring Effect of Asymmetric Business Cycles
By Domenico Ferraro; Arizona State University
Giuseppe Fiori; North Carolina State University
   presented by: Domenico Ferraro, Arizona State University
 
Session 76: Optimal Financial Contracting with Asymmetric Information
June 29, 2018 11:00 to 12:30
 
Session Chair: Victoria Vanasco, Stanford University
 

Risk Sharing Under Limited Commitment and Private Information
By Nicolas Caramp; UC Davis
Juan Passadore; Einaudi Institute for Economics and Fina
   presented by: Nicolas Caramp, UC Davis
 

The Insurance is the Lemon: Failing to Index Contracts
By Barney Hartman-Glaser; UCLA
Benjamin Hebert; Stanford University
   presented by: Benjamin Hebert, Stanford University
 

Security Design in Opaque Markets: The Role of Exclusivity and Commitment
By Victoria Vanasco; Stanford University
   presented by: Victoria Vanasco, Stanford University
 
Session 77: Mexico-US Migration
June 29, 2018 11:00 to 12:30
 
Session Chair: Joan Monras, CEMFI
 

Walls and Migration
By Treb Allen; Dartmouth
Caue Dobbin; Stanford
Melanie Morten; Stanford University
   presented by: Melanie Morten, Stanford University
 

Migration networks and Mexican migrants' spatial mobility in the US
By Rebecca Lessem; Carnegie Mellon University
Brian Cadena; University of Colorado at Boulder
Brian Kovak; Carnegie Mellon University
Shan Li; Carnegie Mellon University
   presented by: Rebecca Lessem, Carnegie Mellon University
 

Immigrants' Residential Choices and their Consequences
By Joan Monras; CEMFI
   presented by: Joan Monras, CEMFI
 
Session 78: Advances in DSGE Models
June 29, 2018 11:00 to 12:30
 
Session Chair: Christian Proebsting, EPFL
 

Structural Estimation of Dynamic Macroeconomic Models using Higher-Frequency Financial Data
By Max Ole Liemen; Universität Hamburg
Olaf Posch; Universität Hamburg
Michel van der Wel; Erasmus University Rotterdam
   presented by: Max Ole Liemen, Universität Hamburg
 

Approximate Aggregation in Dynamic Economies
By Todd Walker; Indiana University
   presented by: Todd Walker, Indiana University
 

The Benefits of Labor Mobility in a Currency Union
By Christopher House; University of Michigan
Christian Proebsting; EPFL
Linda Tesar; University of Michigan
   presented by: Christian Proebsting, EPFL
 
Session 79: Achieving Currency Stability
June 29, 2018 11:00 to 12:30
 
Session Chair: Ariel Zetlin-Jones, Carnegie Mellon University
 

Monetary Policy and Macroeconomic Stability Revisited
By Yasuo Hirose; Keio University
Takushi Kurozumi; Bank of Japan
Willem Van Zandweghe; Federal Reserve Bank of Kansas City
   presented by: Yasuo Hirose, Keio University
 

Capital Flows, Beliefs, and Capital Controls
By Olena Rarytska; Cornell University
Viktor Tsyrennikov; IMF
   presented by: Viktor Tsyrennikov, IMF
 

Currency Stability Using Blockchain Technology
By Bryan Routledge; Carnegie Mellon University
Ariel Zetlin-Jones; Carnegie Mellon University
   presented by: Ariel Zetlin-Jones, Carnegie Mellon University
 
Session 80: Public Debt Issues
June 29, 2018 11:00 to 12:30
 
Session Chair: Facundo Piguillem, EIEF
 

Partnership with Persistence
By Joao Ramos; University of Southern California
Tomasz Sadzik; UCLA
   presented by: Tomasz Sadzik, UCLA
 

Fiscal Consolidation Programs and Income Inequality
By Pedro Brinca; NovaSBE
Miguel Ferreira; Nova SBE
Francesco Franco; Universidade Nova de Lisboa
Hans Holter; University of Oslo
Laurence Malafry; Stockholm University
   presented by: Miguel Ferreira, Nova SBE
 

Fiscal Rules as Bargaining Chips
By Facundo Piguillem; EIEF
Alessandro Riboni; Ecole Polytechnique
   presented by: Facundo Piguillem, EIEF
 
Session 81: Household Labor Supply
June 29, 2018 11:00 to 12:30
 
Session Chair: Matthias Doepke, Northwestern University
 

Family Labor Market Decisions and Statistical Gender Discrimination
[slides]
By David Cuberes; Clark University
Jose V. Rodriguez Mora; University of Edinburgh
Marc Teignier; Universitat de Barcelona
Ludo Visschers; The University of Edinburgh/Universidad
   presented by: Jose V. Rodriguez Mora, University of Edinburgh
 

Nonlinear household earnings dynamics, self-insurance, and welfare
By Mariacristina De Nardi; UCL, Federal Reserve Bank of Chicago, CE
Giulio Fella; Queen Mary, University of London
Gonzalo Paz Pardo; University College London
   presented by: Mariacristina De Nardi, UCL, Federal Reserve Bank of Chicago, CE
 

Trends in Work and Leisure: It's a Family Affair
By Titan Alon
Sena Ekin Coskun; Northwestern University
Matthias Doepke; Northwestern University
   presented by: Matthias Doepke, Northwestern University
 
Session 82: Credit Networks in Macroeconomics
June 29, 2018 11:00 to 12:30
 
Session Chair: Levent Altinoglu, Federal Reserve Board of Governors
 

On the Direct and Indirect Real Effects of Credit Supply Shocks
By Laura Alfaro; Harvard Business School
Manuel Garcia-Santana; Universitat Pompeu Fabra
Enrique Moral-Benito; Bank of Spain
   presented by: Enrique Moral-Benito, Bank of Spain
 

Vertical Foreclosure in the Global Production Network
By Johannes Boehm; Princeton University
Jan Sonntag; Sciences Po Paris
   presented by: Jan Sonntag, Sciences Po Paris
 

The Origins of Aggregate Fluctuations in a Credit Network Economy
By Levent Altinoglu; Federal Reserve Board of Governors
   presented by: Levent Altinoglu, Federal Reserve Board of Governors
 
Session 83: Startups and Aggregate Productivity
June 29, 2018 11:00 to 12:30
 
Session Chair: Vincent Sterk, University College London
 

Returns to Scale, Productivity Measurement, and Trends in U.S. Manufacturing Misallocation
By Sui-Jade Ho; Central Bank of Malaysia
Dimitrije Ruzic; University of Michigan
   presented by: Dimitrije Ruzic, University of Michigan
 

The Persistent Effects of Entry and Exit
By Aubhik Khan; Ohio State University
Tatsuro Senga; Queen Mary University of London
Julia Thomas; Ohio State University
   presented by: Aubhik Khan, Ohio State University
 

Off to a Bad Start? The Role of Leverage for Start-Up Productivity during the Financial Crisis
By Vincent Sterk; University College London
Jasper De Winter; De Nederlandsche Bank
Ralph De Haas; European Bank for Reconstruction and Dev
Neeltje van Horen; Bank of England
   presented by: Vincent Sterk, University College London
 
Session 84: Human Capital and Family Income
June 29, 2018 11:00 to 12:30
 
Session Chair: Todd Schoellman, Federal Reserve Bank of Minneapolis
 

Inequality in Parental Transfers, Borrowing Constraints, and Optimal Higher Education Subsidies
By Youngmin Park; Bank of Canada
   presented by: Youngmin Park, Bank of Canada
 

Human Capital and Income Differences: Germany's Reunification as a Natural Experiment
By Wolfgang Dauth; University of Wuerzburg
Sebastian Findeisen; University of Mannheim
Sang Yoon (Tim) Lee; Toulouse School of Economics
   presented by: Sang Yoon (Tim) Lee, Toulouse School of Economics
 

The Changing Roles of Family Income and Academic Ability for US College Attendance
By Lutz Hendricks; UNC Chapel Hill
Christopher Herrington; Virginia Commonwealth University
Todd Schoellman; Federal Reserve Bank of Minneapolis
   presented by: Todd Schoellman, Federal Reserve Bank of Minneapolis
 
Session 85: Alternatives to Sticky Prices
June 29, 2018 13:45 to 15:15
 
Session Chair: Franck Portier, Toulouse School of Economics
 

Sticky Prices versus Sticky Information: Does It Matter For Policy Paradoxes?
By Gauti Eggertsson; Brown University
Vaishali Garga; Brown University
   presented by: Vaishali Garga, Brown University
 

Rational Inattention-driven dispersion over the business cycle
By Javier Turen; UCL
   presented by: Javier Turen, UCL
 

Real Keynesian Models and Sticky Prices
By Paul Beaudry; University of British Columbia
Franck Portier; Toulouse School of Economics
   presented by: Franck Portier, Toulouse School of Economics
 
Session 86: Jobs and Policy
June 29, 2018 13:45 to 15:15
 
Session Chair: Ryan Michaels, Federal Reserve Bank of Philadelphia
 

Informality, Labor Regulation, and the Business Cycle
By Gustavo Leyva; Banco de Mexico
Carlos Urrutia; ITAM
   presented by: Gustavo Leyva, Banco de Mexico
 

Wage Inequality and Job Stability
By Ana Luisa Pessoa Araujo; University of Minnesota
   presented by: Ana Luisa Pessoa Araujo, University of Minnesota
 

The Wages of Nonemployment
By Michael Elsby; University of Edinburgh
Ryan Michaels; Federal Reserve Bank of Philadelphia
David Ratner; Federal Reserve Board
   presented by: Ryan Michaels, Federal Reserve Bank of Philadelphia
 
Session 87: Topics in Trade and Foreign Investment
June 29, 2018 13:45 to 15:15
 
Session Chair: Felix Tintelnot, University of Chicago
 

Training, Offshoring, and the Job Ladder
By Nezih Guner; CEMFI
Alessandro Ruggieri; Universitat Autonoma de Barcelona, Barcelona GSE
James Tybout; Pennsylvania State University
   presented by: James Tybout, Pennsylvania State University
 

Quality, Variable Markups, and Welfare: A Quantitative General Equilibrium Analysis of Export Prices
By Stephen Yeaple; Pennsylvania State University
   presented by: Stephen Yeaple, Pennsylvania State University
 

The Effects of Foreign MNEs on Workers and Firms in the United States
By Felix Tintelnot; University of Chicago
   presented by: Felix Tintelnot, University of Chicago
 
Session 88: Multi-Sector Growth Models
June 29, 2018 13:45 to 15:15
 
Session Chair: Akos Valentinyi, University of Manchester
 

Investment and Saving along the Development Path
By Manuel Garcia-Santana; Universitat Pompeu Fabra
Josep Pijoan-Mas; CEMFI
Lucciano Villacorta; Central Bank of Chile
   presented by: Manuel Garcia-Santana, Universitat Pompeu Fabra
 

The Rise of Services and Balanced Growth in Theory and Data
By Miguel Leon-Ledesma; University of Kent
Alessio Moro; University of Cagliari
   presented by: Alessio Moro, University of Cagliari
 

Quantity Measurement and Balanced Growth in Multi-Sector Growth Models
By Akos Valentinyi; University of Manchester
   presented by: Akos Valentinyi, University of Manchester
 
Session 89: Redistribution and Macroeconomics
June 29, 2018 13:45 to 15:15
 
Session Chair: Johannes Wieland, UCSD
 

Countercyclical fiscal policy in a low r∗ world
By Alisdair McKay; Boston University
Ricardo Reis; London School of Economics
   presented by: Alisdair McKay, Boston University
 

Accounting for Heterogeneity
By David Berger; Northwestern University
Luigi Bocola; Stanford University, FRB of Minneapolis
Alessandro Dovis; University of Pennsylvania
   presented by: David Berger, Northwestern University
 

Farm Prices, Redistribution, and the Severity of the Early Great Depression
By Joshua Hausman; University of Michigan
Paul Rhode; University of Michigan
Johannes Wieland; UCSD
   presented by: Johannes Wieland, UCSD
 
Session 90: The Functioning of Decentralized Markets
June 29, 2018 13:45 to 15:15
 
Session Chair: Stefan Gissler, Federal Reserve Board
 

Endogenous Specialization and Dealer Networks
By Batchimeg Sambalaibat; Indiana University
   presented by: Batchimeg Sambalaibat, Indiana University
 

Diversification and Systemic Bank Runs
By Xuewen Liu; HKUST
   presented by: Xuewen Liu, Hong Kong University of Science and Technology
 

Over-the-counter market liquidity and securities lending
By Nathan Foley-Fisher; Federal Reserve Board
Stefan Gissler; Federal Reserve Board
Stephane Verani; Federal Reserve Board
   presented by: Stefan Gissler, Federal Reserve Board
 
Session 91: Finance and Development
June 29, 2018 13:45 to 15:15
 
Session Chair: Aaron Pancost, University of Texas at Austin McCombs Sc
 

Dispersion in Financing Costs and Development
By Tiago Cavalcanti; University of Cambridge
Joseph Kaboski; University of Notre Dame
Bruno Martins; Banco Central do Brasil
Cezar Santos; Fundacao Getulio Vargas
   presented by: Cezar Santos, Fundacao Getulio Vargas
 

Financial constraints and economic development: the role of innovative investment
By Galina Vereshchagina; Arizona State University
   presented by: Galina Vereshchagina, Arizona State University
 

Do Financial Factors Drive Aggregate Productivity? Evidence from Indian Manufacturing Establishments
By Aaron Pancost; University of Texas at Austin McCombs Sc
   presented by: Aaron Pancost, University of Texas at Austin McCombs Sc
 
Session 92: Solutions for GE Models
June 29, 2018 13:45 to 15:15
 
Session Chair: Jaroslav Borovicka, New York University
 

Recursive equilibria in dynamic economies withbounded rationality
By Runjie Geng; University of Zurich
   presented by: Runjie Geng, University of Zurich
 

Self-justi ed equilibria: Existence and computation
By Felix Kubler; University of Zurich
Simon Scheidegger; University of Zurich
   presented by: Felix Kubler, University of Zurich
 

Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities
By Jaroslav Borovicka; New York University
John Stachurski; Research School of Economics
   presented by: Jaroslav Borovicka, New York University
 
Session 93: Exchange Rates I
June 29, 2018 13:45 to 15:15
 
Session Chair: Javier Cravino, University of Michigan
 

Exchange Rate Exposure and Firm Dynamics
By Juliana Salomao; University of Minnesota
Liliana Varela; University of Warwick
   presented by: Juliana Salomao, University of Minnesota
 

Exchange Rates and Trade Flows; Exploring the Margins of Buyers, Sellers, and Products
By michael devereux; univ. british columbia
Wei Dong; Bank of Canada
Ben Tomlin; Bank of Canada
   presented by: michael devereux, univ. british columbia
 

Price stickiness along the income distribution
By Javier Cravino; University of Michigan
Andrei Levchenko; University of Michigan
   presented by: Javier Cravino, University of Michigan
 
Session 94: Intermediation and Systemic Risk
June 29, 2018 13:45 to 15:15
 
Session Chair: Roberto Robatto, University of Wisconsin-Madison
 

Federal Reserve and Market Confidence
By Nina Boyarchenko; Federal Reserve Bank of New York
Valentin Haddad; University of California, Los Angeles
Matthew Plosser; Federal Reserve Bank of New York
   presented by: Nina Boyarchenko, Federal Reserve Bank of New York
 

Benchmarking Asset Managers
By Anil Kashyap; University of Chicago
Natalia Kovrijnykh; Arizona State University
Anna Pavlova; London Business School
   presented by: Natalia Kovrijnykh, Arizona State University
 

Flight to Liquidity and Systemic Bank Runs
By Roberto Robatto; University of Wisconsin-Madison
   presented by: Roberto Robatto, University of Wisconsin-Madison
 
Session 95: Topics in Production Networks
June 29, 2018 13:45 to 15:15
 
Session Chair: Johannes Boehm, Princeton University
 

Disentangling Global Value Chains
By Alonso de Gortari; Harvard University
   presented by: Alonso de Gortari, Harvard University
 

How Wide is the Firm Border?
By Enghin Atalay; University of Wisconsin, Madison
Ali Hortacsu; University of Chicago
Mary Li; Compass Lexecon
Chad Syverson; Univ of Chicago
   presented by: Enghin Atalay, University of Wisconsin, Madison
 

Growth and the Fragmentation of Production
By Johannes Boehm; Princeton University
Ezra Oberfield; Princeton University
   presented by: Johannes Boehm, Princeton University
 
Session 96: Entrepreneurial Risk
June 29, 2018 13:45 to 15:15
 
Session Chair: Eleanor Dillon, Amherst College
 

Entrepreneurial Risk-Taking, Young Firm Dynamics, and Aggregate Implications
By Joonkyu Choi; University of Maryland
   presented by: Joonkyu Choi, University of Maryland
 

Risk-taking over the Life Cycle: Aggregate and Distributive Implications of Entrepreneurial Risk
By Dejanir Silva; UIUC
Robert Townsend; Massachusetts Institute of Technology
   presented by: Dejanir Silva, UIUC
 

Self-Employment Dynamics and the Returns to Entrepreneurship
By Eleanor Dillon; Amherst College
Christopher Stanton; Harvard University
   presented by: Eleanor Dillon, Amherst College
 
Session 97: Aging and the Macroeconomy
June 29, 2018 13:45 to 15:15
 
Session Chair: Timothy Kehoe, University of Minnesota
 

Aging, Factor Prices, and Capital Movements
By Andrea Bonfatti; University of Padua
Selahattin Imrohoroglu; University of Southern California
Sagiri Kitao; Keio University
   presented by: Selahattin Imrohoroglu, University of Southern California
 

The Costs and Benefits of Caring: Aggregate Burdens of an Aging Population
By Finn Kydland; University of California, Santa Barbara
Nicholas Pretnar; Carnegie Mellon University
   presented by: Nicholas Pretnar, Carnegie Mellon University
 

Aging and the Macroeconomy
By Juan Carlos Conesa; Stony Brook University
Daniela Costa; Wharton
Parisa Kamali; University of Minnesota
Timothy Kehoe; University of Minnesota
Gajendran Raveendranathan; McMaster University
Akshar Saxena; Harvard University
   presented by: Timothy Kehoe, University of Minnesota
 
Session 98: Credit Distortions
June 29, 2018 13:45 to 15:15
 
Session Chair: Marcus Ingholt, University of Copenhagen
 

Financial Frictions and Un(der)employment Insurance
By Marco Brianti; Boston College
Tzuo Hann Law; Boston College
   presented by: Tzuo Hann Law, Boston College
 

Credit Conditions, Dynamic Distortions, and Capital Accumulation in Mexican Manufacturing
By Felipe Meza; Instituto Tecnológico Autónomo de Méx
Sangeeta Pratap; Hunter College and CUNY Graduate Center
Carlos Urrutia; ITAM
   presented by: Felipe Meza, Instituto Tecnológico Autónomo de Méx
 

LTV vs. DTI Constraints: When Did They Bind, and How Do They Interact?
By Marcus Ingholt; University of Copenhagen
   presented by: Marcus Ingholt, University of Copenhagen
 
Session 99: Topics in Monetary Policy
June 29, 2018 15:45 to 17:15
 
Session Chair: Garth Baughman, Federal Reserve Board
 

Disagreement and Monetary Policy
By Elisabeth Falck; Goethe University Frankfurt
Patrick Hürtgen; Deutsche Bundesbank
Mathias Hoffmann; Deutsche Bundesbank
   presented by: Elisabeth Falck, Goethe University Frankfurt
 

Monetary Policy and Carry Trade
By José Ignacio López Gaviria; Universidad de los Andes
Virginia Olivella; Banque de France
   presented by: Virginia Olivella, Banque de France
 

Limited Commitment and the Implementation of Monetary Policy
By Garth Baughman; Federal Reserve Board
Francesca Carapella; Federal Reserve Board
   presented by: Garth Baughman, Federal Reserve Board
 
Session 100: Labor's Share of Income
June 29, 2018 15:45 to 17:15
 
Session Chair: Ezra Oberfield, Princeton University
 

Corporate Tax Cuts and the Decline of the Labor Share
By Baris Kaymak; Universite de Montreal
Immo Schott; Université de Montréal
   presented by: Immo Schott, Université de Montréal
 

Productivity Dispersion, Between-firm Competition and the Labor Share
By Emilien Gouin-Bonenfant; University of California, San Diego
   presented by: Emilien Gouin-Bonenfant, University of California, San Diego
 

The Productivity Slowdown and the Declining Labor Share
By Gene Grossman; Princeton University
Elhanan Helpman; Harvard University
Ezra Oberfield; Princeton University
Thomas Sampson; LSE
   presented by: Ezra Oberfield, Princeton University
 
Session 101: Topics in International Economics
June 29, 2018 15:45 to 17:15
 
Session Chair: Ariel Burstein, UCLA
 

Consumption-led Growth
[slides]
By Markus Brunnermeier; Princeton University
Pierre-Olivier Gourinchas; UC Berkeley
Oleg Itskhoki; Princeton University
   presented by: Oleg Itskhoki, Princeton University
 

Openness and Wealth Inequality
By Joaquin Blaum; Brown University
   presented by: Joaquin Blaum, Brown University
 

Markup Fluctuations in a Granular Economy
By Ariel Burstein; UCLA
   presented by: Ariel Burstein, UCLA
 
Session 102: Growth and Development
June 29, 2018 15:45 to 17:15
 
Session Chair: Tiago Cavalcanti, University of Cambridge
 

Barriers to Entry and Regional Economic Growth in China
By Loren Brandt; University of Toronto
Gueorgui Kambourov; University of Toronto
Kjetil Storesletten; University of Oslo
   presented by: Gueorgui Kambourov, University of Toronto
 

The Large Consequences and the Spillover Effects of a Small Shock
By Elisa Giannone; PRINCETON UNIV
   presented by: Elisa Giannone, Princeton University
 

Family Planning and Development: Aggregate Effects of Contraceptive Use
By Tiago Cavalcanti; University of Cambridge
Georgi Kocharkov; Universidad Carlos III de Madrid
Cezar Santos; Fundacao Getulio Vargas
   presented by: Tiago Cavalcanti, University of Cambridge
 
Session 103: Expectations and Macroeconomics
June 29, 2018 15:45 to 17:15
 
Session Chair: Leonardo Melosi, Federal Reserve Bank of Chicago
 

The Limits of Monetary Policy with Long-term Drift in Expectations
[slides]
By Stefano Eusepi; Federal Reserve Bank of New York
Marc Giannoni
Bruce Preston
   presented by: Stefano Eusepi, Federal Reserve Bank of New York
 

Asymmetric Attention
By Alexandre Kohlhas; Institute for International Economic Studies, Stockholm University
   presented by: Alexandre Kohlhas, Institute for International Economic Studies, Stockholm University
 

News and Noise in the Post-Great Recession Recovery
By Renato Faccini; Queen Mary University
Leonardo Melosi; Federal Reserve Bank of Chicago
   presented by: Leonardo Melosi, Federal Reserve Bank of Chicago
 
Session 104: Financial Crises
June 29, 2018 15:45 to 17:15
 
Session Chair: Canhui Hong, Shanghai U. of Finance and Economics
 

Historical Patterns of Inequality and Productivity around Financial Crises
By Pascal Paul; Federal Reserve Bank of San Francisco
   presented by: Pascal Paul, Federal Reserve Bank of San Francisco
 

Fragile New Economy: The Rise of Intangible Capital and Financial Instability
By Ye Li; The Ohio State University
   presented by: Ye Li, The Ohio State University
 

Flight-to-quality debt crises
By Canhui Hong; Shanghai U. of Finance and Economics
   presented by: Canhui Hong, Shanghai U. of Finance and Economics
 
Session 105: Price Rigidity
June 29, 2018 15:45 to 17:15
 
Session Chair: Nuno Clara, London Business School
 

Price Setting and Volatility: Evidence from Oil Price Volatility Shocks
By Matthew Klepacz; College of William and Mary
   presented by: Matthew Klepacz, College of William and Mary
 

Firm-to-Firm Relationships and Price Rigidity: Theory and Evidence
By Sebastian Heise; Federal Reserve Bank of New York
   presented by: Sebastian Heise, Federal Reserve Bank of New York
 

Demand Elasticities, Nominal Rigidities and Asset Prices
By Nuno Clara; London Business School
   presented by: Nuno Clara, London Business School
 
Session 106: Optimal Policy Design
June 29, 2018 15:45 to 17:15
 
Session Chair: Yena Park, University of Rochester
 

How Should Unemployment Insurance vary over the Business Cycle?
By Serdar Birinci; University of Minnesota
Kurt Gerrard See; University of Minnesota
   presented by: Serdar Birinci, University of Minnesota
 

Optimal Progressivity with Age-Dependent Taxation
By Jonathan Heathcote; Federal Reserve Bank of Minneapolis
Kjetil Storesletten; University of Oslo
Gianluca Violante; Princeton University
   presented by: Jonathan Heathcote, Federal Reserve Bank of Minneapolis
 

Optimal Taxation of Inheritance and Retirement Savings
By Yena Park; University of Rochester
   presented by: Yena Park, University of Rochester
 
Session 107: Exchange Rates II
June 29, 2018 15:45 to 17:15
 
Session Chair: Philippe Bacchetta, University of Lausanne
 

Price Rigidities and the Relative PPP
By Julio Blanco; University of Michigan
Javier Cravino; University of Michigan
   presented by: Julio Blanco, University of Michigan
 

An Equilibrium Model of the International Price System
By Dmitry Mukhin; Princeton University
   presented by: Dmitry Mukhin, Princeton University
 

Exchange Rates, Interest Rates, and Gradual Portfolio Adjustment
By Philippe Bacchetta; University of Lausanne
Eric van Wincoop; University of Virginia
   presented by: Philippe Bacchetta, University of Lausanne
 
Session 108: Public Safety Nets
June 29, 2018 15:45 to 17:15
 
Session Chair: Kathleen McKiernan,
 

Can the Unemployed Borrow? Implications for Public Insurance
By J. Carter Braxton; University of Minnesota
Kyle Herkenhoff; University of Minnesota
Gordon Phillips; Dartmouth College
   presented by: J. Carter Braxton, University of Minnesota
 

Insurance, Efficiency and the Design of Public Pensions
By Cormac O'Dea; Yale University
   presented by: Cormac O'Dea, Yale University
 

Welfare Impact of Social Security Reform: The Case of Chile in 1981
By Kathleen McKiernan
   presented by: Kathleen McKiernan,
 
Session 109: Financing in Equilibrium
June 29, 2018 15:45 to 17:15
 
Session Chair: Piero Gottardi, European University Institute
 

Mortgage-rate pass-through in the presence of refinancing
By David Berger; Northwestern University
Konstantin Milbradt; Northwestern University
Fabrice Tourre; Northwestern University
   presented by: Konstantin Milbradt, Northwestern University
 

The Opportunity Cost of Collateral
By Jason Donaldson; Washington University in St Louis
Jeongmin Lee; Washington University in St. Louis
Giorgia Piacentino; Columbia University
   presented by: Jason Donaldson, Washington University in St Louis
 

A General Equilibrium Theory of Capital Structure
By Douglas Gale; New York University
Piero Gottardi; European University Institute
   presented by: Piero Gottardi, European University Institute
 
Session 110: Banking Industrial Organization
June 29, 2018 15:45 to 17:15
 
Session Chair: Stefania Garetto, Boston University
 

Banking and Financial Access Reforms, Labor Markets, and Financial Shocks
By Alan Finkelstein Shapiro; Tufts University
Brendan Epstein; University of Massachusetts, Lowell
   presented by: Alan Finkelstein Shapiro, Tufts University
 

No Pain, No Gain. Multinational Banks in the Business Cycle
By Qingqing Cao; Michigan State University
   presented by: Qingqing Cao, Michigan State University
 

To Branch or not to Branch? A Quantitative Evaluation of the Consequences of Global Banks’ Organization
By Jose Fillat; Federal Reserve Bank of Boston
Stefania Garetto; Boston University
Arthur Smith; Boston University
   presented by: Stefania Garetto, Boston University
 
Session 111: Firm Dynamics and Financial Frictions
June 29, 2018 15:45 to 17:15
 
Session Chair: Eran Hoffmann, Stanford University
 

The Marginal Propensity to Hire
By Davide Melcangi; University College London
   presented by: Davide Melcangi, University College London
 

Financial Frictions, Cyclical Fluctuations and the Innovative Nature of New Firms
By Christoph Albert; UPF and Barcelona GSE
Andrea Caggese; Pompeu Fabra University
   presented by: Andrea Caggese, Pompeu Fabra University
 

The Cyclical Composition of Startups
By Eran Hoffmann; Stanford University
   presented by: Eran Hoffmann, Stanford University
 
Session 112: Asset Prices and Financial Flows
June 29, 2018 15:45 to 17:15
 
Session Chair: Ricardo De la O, Stanford University
 

Can Cross-Border Funding Frictions Explain Financial Integration Reversals?
By Aytek Malkhozov; Federal Reserve Board
Amir Akbari; University of Ontario Institute of Technology
Francesca Carrieri; McGill University
   presented by: Aytek Malkhozov, Federal Reserve Board
 

Searching for Yield Abroad: Risk-Taking through Foreign Investment in U.S. Bonds
By John Ammer; Federal Reserve Board
Stijn Claessens; BIS
Alexandra Tabova; Federal Reserve Board
   presented by: Alexandra Tabova, Federal Reserve Board
 

Subjective Cash Flows and Discount Rates
By Ricardo De la O; Stanford University
Sean Myers; Stanford University
   presented by: Ricardo De la O, Stanford University
 
Session 113: Policy at the Zero Lower Bound II
June 30, 2018 9:00 to 10:30
 
Session Chair: Jinfeng Luo, University of Pennsylvania
 

Time-Consistent Management of a Liquidity Trap with Government Debt
By Dmitry Matveev; Bank of Canada
   presented by: Dmitry Matveev, Bank of Canada
 

Demographics, monetary policy and the zero lower bound
By Marcin Bielecki; University of Warsaw and Narodowy Bank Polski
Michał Brzoza-Brzezina; Narodowy Bank Polski
Marcin Kolasa; Narodowy Bank Polski
   presented by: Michał Brzoza-Brzezina, Narodowy Bank Polski
 

Forward Guidance
By Marcus Hagedorn; University of Oslo
Jinfeng Luo; University of Pennsylvania
Iourii Manovskii; University of Pennsylvania
Kurt Mitman; Stockholm University
   presented by: Jinfeng Luo, University of Pennsylvania
 
Session 114: Topics in Labor Markets Using Matched Data
June 30, 2018 9:00 to 10:30
 
Session Chair: Thibaut Lamadon, University of Chicago
 

Worker Mobility and the Diffusion of Knowledge
By Kyle Herkenhoff; University of Minnesota
Jeremy Lise; University of Minnesota
guido menzio; University of Pennsylvania
Gordon Phillips; Dartmouth College
   presented by: Jeremy Lise, University of Minnesota
 

Earnings Dynamics and Firm-Level Shocks
By Benjamin Friedrich; Northwestern Unversity
Lisa Laun; Institute for Evaluation of Labour Marke
Costas Meghir; Yale University
Luigi Pistaferri; Stanford University
   presented by: Benjamin Friedrich, Northwestern Unversity
 

Matching, Sorting, and Wages
By Thibaut Lamadon; University of Chicago
Jeremy Lise; University of Minnesota
Costas Meghir; Yale University
Jean Marc Robin; Sciences Po
   presented by: Thibaut Lamadon, University of Chicago
 
Session 115: Trade and Redistribution
June 30, 2018 9:00 to 10:30
 
Session Chair: Gaston Navarro, Federal Reserve Board
 

The Distributional Effects of Trade: Theory and Evidence from the United States
By Kirill Borusyak; Harvard University
Xavier Jaravel
   presented by: Kirill Borusyak, Harvard University
 

Redistributing the Gains From Trade Through Progressive Taxation
By Mike Waugh; New York University
   presented by: Mike Waugh, New York University
 

Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition
By Axelle Ferriere; European University Institute
Gaston Navarro; Federal Reserve Board
Ricardo Reyes-Heroles; Federal Reserve Board
   presented by: Gaston Navarro, Federal Reserve Board
 
Session 116: Labor Markets and Development
June 30, 2018 9:00 to 10:30
 
Session Chair: Alexander Monge-Naranjo, Federal Reserve Bank of St. Louis
 

Labor Market Flows and Development
By Kevin Donovan; Yale University
Jianyu Lu; University of Notre Dame
Todd Schoellman; Federal Reserve Bank of Minneapolis
   presented by: Kevin Donovan, Yale University
 

Unemployment and Development
By Ying Feng; University of California, San Diego
David Lagakos; University of California, San Diego
James Rauch; UCSD
   presented by: David Lagakos, University of California, San Diego
 

On the Assignment of Workers to Occupations and the Human Capital of Countries
[slides]
By Alexander Monge-Naranjo; Federal Reserve Bank of St. Louis
Veronica Mies; Pontificia Universidad Catolica de Chile
Matias Tapia; Central Bank of Chile
   presented by: Alexander Monge-Naranjo, Federal Reserve Bank of St. Louis
 
Session 117: Information Frictions and Macroeconomics
June 30, 2018 9:00 to 10:30
 
Session Chair: Zhen Huo, Yale University
 

Expertise and Firm Dynamics
By Ezra Oberfield; Princeton University
Venky Venkateswaran; New York University
   presented by: Venky Venkateswaran, New York University
 

Information-driven Business Cycles: A Primal Approach
By Ryan Chahrour; Boston College
Robert Ulbricht; Toulouse School of Economics
   presented by: Robert Ulbricht, Toulouse School of Economics
 

Collective Myopia and Habit
By George-Marios Angeletos; M.I.T.
Zhen Huo; Yale University
   presented by: Zhen Huo, Yale University
 
Session 118: Managing Financial Distress
June 30, 2018 9:00 to 10:30
 
Session Chair: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
 

Optimal forbearance of bank resolution
By Linda Schilling; Ecole Polytechnique (CREST)
   presented by: Linda Schilling, Ecole Polytechnique (CREST)
 

Banks' Liquidity Management and Financial Fragility
By Luca Deidda; Università di Sassari
Ettore Panetti; Banco de Portugal
   presented by: Ettore Panetti, Banco de Portugal
 

The Persistence of Financial Distress
By Kartik Athreya; Federal Reserve Bank of Richmond
Jose Mustre-del-Rio; Federal Reserve Bank of Kansas City
Juan Sanchez; Federal Reserve Bank of St. Louis
   presented by: Jose Mustre-del-Rio, Federal Reserve Bank of Kansas City
 
Session 119: Inequality and Skills
June 30, 2018 9:00 to 10:30
 
Session Chair: Michelle Petersen Rendall, Monash University
 

Information Frictions in Education and Inequality
By Ana Figueiredo; Universitat Pompeu Fabra and Barcelona GSE
   presented by: Ana Figueiredo, Universitat Pompeu Fabra and Barcelona GSE
 

Frictional Labor Markets, Education Choices and Wage Inequality
[slides]
By Manuel Macera; Universidad Torcuato Di Tella
Hitoshi Tsujiyama; Goethe University Frankfurt
   presented by: Manuel Macera, Universidad Torcuato Di Tella
 

Math Matters: Education Choices and Wage Inequality
By Michelle Petersen Rendall; Monash University
Andrew Rendall; University of Zurich
   presented by: Michelle Petersen Rendall, Monash University
 
Session 120: Heterogenous Beliefs
June 30, 2018 9:00 to 10:30
 
Session Chair: Fernando Alvarez, University of Chicago
 

Speculative Bubbles, Heterogeneopus Beliefs, and Learning.
By Jan Werner; University of Minnesota
   presented by: Jan Werner, University of Minnesota
 

A Model of Endogenous Debt Maturity with Heterogeneous Beliefs
By Matthew Darst; Board of Governors of the Federal Reserv
Ehraz Refayet; Office of the Comptroller of the Currency, U.S. Treasury
   presented by: Matthew Darst, Board of Governors of the Federal Reserv
 

A three mutual fund separation theorem
By Fernando Alvarez; University of Chicago
   presented by: Fernando Alvarez, University of Chicago
 
Session 121: Sovereign Debt Crises
June 30, 2018 9:00 to 10:30
 
Session Chair: Jorge Mondragon, University of Minnesota
 

How International Reserves Reduce the Probability of Debt Crises
By Juan Hernandez; Inter-American Development Bank
   presented by: Juan Hernandez, Inter-American Development Bank
 

Did the 1980s in Latin America Need to Be a Lost Decade?
By Victor Leão Borges de Almeida; University of Minnesota
Carlos Esquivel; University of Minnesota
Timothy Kehoe; University of Minnesota
Juan Pablo Nicolini; Minneapolis Fed
   presented by: Carlos Esquivel, University of Minnesota
 

Rollover Crises and Currency Unions
By Javier Bianchi; Federal Reserve Bank of Minneapolis
Jorge Mondragon; University of Minnesota
   presented by: Jorge Mondragon, University of Minnesota
 
Session 122: Topics in Tax Policy
June 30, 2018 9:00 to 10:30
 
Session Chair: Joao Guerreiro, Northwestern University
 

Flexible Retirement and Optimal Taxation
By Abdoulaye Ndiaye; Northwestern University
   presented by: Abdoulaye Ndiaye, Northwestern University
 

Ramsey Taxation in the Open Economy
By Varadarajan Chari; University of Minneapolis
Juan Pablo Nicolini; Minneapolis Fed
Pedro Teles; Banco de Portugal, Univ Catolica Portugu
   presented by: Juan Pablo Nicolini, Minneapolis Fed
 

Should Robots be Taxed?
By Joao Guerreiro; Northwestern University
Sergio Rebelo; Northwestern University
Pedro Teles; Banco de Portugal, Univ Catolica Portugu
   presented by: Joao Guerreiro, Northwestern University
 
Session 123: Environmental Macroeconomics I
June 30, 2018 9:00 to 10:30
 
Session Chair: Lint Barrage, Brown University
 

Climate, Weather, and Damages
By Anthony Smith; Yale University
   presented by: Anthony Smith, Yale University
 

General Bayesian Learning in Dynamic Stochastic Models: Estimating the Value of Science Policy
By Ivan Rudik; Cornell University
Maxwell Rosenthal; University of Arizona
Derek Lemoine; University of Arizona
   presented by: Derek Lemoine, University of Arizona
 

Climate Shocks and Economic Growth: Bridging the Micro-Macro Gap
By Laura Bakkensen; University of Arizona
Lint Barrage; Brown University
   presented by: Lint Barrage, Brown University
 
Session 124: Agglomeration
June 30, 2018 9:00 to 10:30
 
Session Chair: Illenin Kondo, Notre Dame
 

Identifying Neighborhood Effects among Firms: Evidence from Location Lotteries of the Tokyo Tsukiji Fish Market
By Kentaro Nakajima; Hitotsubashi University
Kensuke Teshima; Instituto Tecnologico Autonomo de Mexico
   presented by: Kentaro Nakajima, Hitotsubashi University
 

Optimal Spatial Policies, Geography and Sorting
By Pablo Fajgelbaum
Cecile Gaubert; UC Berkeley
   presented by: Pablo Fajgelbaum,
 

Political Distortions and Infrastructure Networks in China: A Quantitative Spatial Equilibrium Analysis
By Simon Alder; University of North Carolina at Chapel H
Illenin Kondo; Notre Dame
   presented by: Illenin Kondo, Notre Dame
 
Session 125: Measurement and Analysis of Private Businesses
June 30, 2018 9:00 to 10:30
 
Session Chair: Benjamin Pugsley, University of Notre Dame
 

Sweat Equity in U.S. Private Business
[slides]
By anmol bhandari; university of minnesota
Ellen McGrattan; University of Minnesota
   presented by: anmol bhandari, university of minnesota
 

Consumption and Savings Under Non-Gaussian Income Risk
By Fatih Guvenen; University of Minnesota
Fatih Karahan; Federal Reserve Bank of New York
Serdar Ozkan; University of Toronto
   presented by: Fatih Karahan, Federal Reserve Bank of New York
 

Taxes, Regulations of Businesses and Evolution of Income Inequality in the US
By Sebastian Dyrda; University of Toronto
Benjamin Pugsley; University of Notre Dame
   presented by: Benjamin Pugsley, University of Notre Dame
 
Session 126: Household Finance
June 30, 2018 9:00 to 10:30
 
Session Chair: Winfried Koeniger, University of St.Gallen
 

Long-Run Saving Dynamics: Evidence from Unexpected Inheritances
By Jeppe Druedahl; University of Copenhagen
Alessandro Martinello; Lund University
   presented by: Jeppe Druedahl, University of Copenhagen
 

Investment Opportunities and Economic Outcomes: Who Benefits From College and the Stock Market?
By Kartik Athreya; Federal Reserve Bank of Richmond
Felicia Ionescu; Federal Reserve Board
Urvi Neelakantan; Federal Reserve Bank of Richmond
Ivan Vidangos; Federal Reserve Board
   presented by: Felicia Ionescu, Federal Reserve Board
 

Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission
By Thomas Hintermaier; Economics, Univ Bonn
Winfried Koeniger; University of St.Gallen
   presented by: Winfried Koeniger, University of St.Gallen
 
Session 127: Optimal Monetary Policy
June 30, 2018 11:00 to 12:30
 
Session Chair: Junichi Fujimoto, National Graduate Institute for Policy Studies
 

Uninsured Unemployment Risk and Optimal Monetary Policy
By Edouard Challe; CREST & Ecole Polytechnique
   presented by: Edouard Challe, CREST & Ecole Polytechnique
 

Optimal Trend Inflation
By Klaus Adam; University of Mannheim
Henning Weber; Bundesbank
   presented by: Henning Weber, Bundesbank
 

Optimal Policy Analysis in a New Keynesian Economy with Credit Market Search
By Junichi Fujimoto; National Graduate Institute for Policy Studies
Ko Munakata; Bank of Japan
Koji Nakamura; Bank of Japan
Yuki Teranishi; Keio University
   presented by: Junichi Fujimoto, National Graduate Institute for Policy Studies
 
Session 128: On-the-Job Search
June 30, 2018 11:00 to 12:30
 
Session Chair: Axel Gottfries, University of Cambridge
 

Optimal Taxation with On-the-Job Search
By Jesper Bagger; Royal Holloway, University of London
Espen Moen; Norwegian Business School
Rune Vejlin; Aarhus University
   presented by: Espen Moen, Norwegian Business School
 

Network Search: Climbing the Job Ladder Faster
[slides]
By Marcelo Arbex; University of Windsor
Dennis O'Dea; University of Washington
David Wiczer; Stony Brook University
   presented by: David Wiczer, Stony Brook University
 

Partial commitment in models of on-the-job search with an application to minimum wage spillovers
By Axel Gottfries; University of Cambridge
   presented by: Axel Gottfries, University of Cambridge
 
Session 129: Trade and Business Cycles
June 30, 2018 11:00 to 12:30
 
Session Chair: Laurien Gilbert, University of Michigan
 

The Changing Nature of Sectoral Comovement
By Christian vom Lehn; Brigham Young University
Thomas Winberry; University of Chicago
   presented by: Christian vom Lehn, Brigham Young University
 

Globalization and Structural Change in the United States: A Quantitative Assessment
By Ricardo Reyes-Heroles; Federal Reserve Board
   presented by: Ricardo Reyes-Heroles, Federal Reserve Board
 

Gains from Product Variety and the Local Business Cycle
By Laurien Gilbert; University of Michigan
   presented by: Laurien Gilbert, University of Michigan
 
Session 130: Agriculture and the Macroeconomy
June 30, 2018 11:00 to 12:30
 
Session Chair: Timo Boppart, IIES, Stockholm University
 

The Effects of Land Markets on Resource Allocation and Agricultural Productivity
By Chaoran Chen; National University of Singapore
Diego Restuccia; University of Toronto
Raul Santaeulalia-Llopis; MOVE-UAB and Barcelona GSE
   presented by: Raul Santaeulalia-Llopis, MOVE-UAB and Barcelona GSE
 

Why is Agricultural Productivity So Low in Poor Countries? The Case of India.
By Md Mahbubur Rahman; McMaster University
Oksana Leukhina; Federal Reserve Bank of St. Louis
Raghav Paul; University of Washington
   presented by: Md Mahbubur Rahman, McMaster University
 

Capital deepening and agricultural labor productivity
By Timo Boppart; IIES, Stockholm University
Per Krusell; Stockholm University
Hannes Malmberg; Stanford University
   presented by: Timo Boppart, IIES, Stockholm University
 
Session 131: Quantifying Uncertainty
June 30, 2018 11:00 to 12:30
 
Session Chair: Matteo Iacoviello, Federal Reserve Board
 

Macroeconomic Effects of Financial Uncertainty
By Grzegorz Długoszek; Humboldt-Universität zu Berlin
   presented by: Grzegorz Długoszek, Humboldt-Universität zu Berlin
 

A New Way to Quantify the Effect of Uncertainty
By Alexander Richter; Federal Reserve Bank of Dallas
Nathaniel Throckmorton; College of William & Mary
   presented by: Nathaniel Throckmorton, William & Mary
 

Measuring Geopolitical Risk
By Matteo Iacoviello; Federal Reserve Board
   presented by: Matteo Iacoviello, Federal Reserve Board
 
Session 132: Bank Capital Regulation
June 30, 2018 11:00 to 12:30
 
Session Chair: Pablo D'Erasmo, FRB Philadelphia
 

Dynamic Bank Capital Regulation in Equilibrium
By Douglas Gale; New York University
Andrea Gamba; University of Warwick
Marcella Lucchetta; Universita Ca' Foscari
   presented by: Marcella Lucchetta, Universita Ca' Foscari
 

Corporate Debt Choice and Bank Capital Regulation
By Haotian Xiang; Wharton School of the University of Pennsylvania
   presented by: Haotian Xiang, University of Pennsylvania
 

Capital Requirements in a Quantitative Model of Banking Industry Dynamics
By Pablo D'Erasmo; FRB Philadelphia
Dean Corbae; University of Wisconsin
   presented by: Pablo D'Erasmo, FRB Philadelphia
 
Session 133: Demographics and Labor Supply
June 30, 2018 11:00 to 12:30
 
Session Chair: Niklas Engbom, Princeton University
 

Household Time Use Among Older Couples: Evidence and Implications for Labor Supply
By Richard Rogerson; Princeton University
Johanna Wallenius; Stockholm School of Economics
   presented by: Johanna Wallenius, Stockholm School of Economics
 

Older Americans Would Work Longer If Jobs Were Flexible
By John Ameriks; The Vanguard Group, Inc.
Joseph Briggs; Federal Reserve Board of Governors
Andrew Caplin; New York University
Minjoon Lee; Carleton University
Matthew Shapiro; University of Michigan
Christopher Tonetti; Stanford University
   presented by: Minjoon Lee, Carleton University
 

Firm and Worker Dynamics in an Aging Labor Market
[slides]
By Niklas Engbom; Princeton University
   presented by: Niklas Engbom, Princeton University
 
Session 134: Decentralized Financial Markets
June 30, 2018 11:00 to 12:30
 
Session Chair: Pierre-Olivier Weill, University of California, Los Angeles
 

Decentralized Markets and Derivatives
By Marzena Rostek; University of Wisconsin-Madison
Ji Hee Yoon; University of Wisconsin - Madison
   presented by: Marzena Rostek, University of Wisconsin-Madison
 

A Network Model for Financial Stability Monitoring
By Nathan Foley-Fisher; Federal Reserve Board
CARLOS RAMIREZ; FEDERAL RESERVE BOARD
   presented by: Nathan Foley-Fisher, Federal Reserve Board
 

Platform Trading with an OTC Market Fringe
By Jerome Dugast; University of Luxembourg
Semih Uslu; Johns Hopkins University
Pierre-Olivier Weill; University of California, Los Angeles
   presented by: Pierre-Olivier Weill, University of California, Los Angeles
 
Session 135: Capital Controls
June 30, 2018 11:00 to 12:30
 
Session Chair: Sebastian Fanelli, MIT
 

Prudential Capital Controls and Risk Misallocation: Bank Lending Channel
By Lorena Keller; Northwestern University
   presented by: Lorena Keller, Northwestern University
 

Capital Controls and Firm Performance: The Effects of the Chilean Encaje
By Eugenia Andreasen; Universidad de Santiago de Chile
Sofia Bauducco; Central Bank of Chile
Evangelina Dardati; Universidad Alberto Hurtado
   presented by: Sofia Bauducco, Central Bank of Chile
 

A Theory of Foreign Exchange Interventions
By Sebastian Fanelli; MIT
Ludwig Straub; MIT
   presented by: Sebastian Fanelli, MIT
 
Session 136: Environmental Macroeconomics II
June 30, 2018 11:00 to 12:30
 
Session Chair: Armon Rezai, WU Vienna University of Economics and Bu
 

The Role of Energy Capital in Accounting For Africa's Growth Miracle
By Stephie Fried; Arizona State University
David Lagakos; University of California, San Diego
   presented by: Stephie Fried, Arizona State University
 

International environmental agreements without commitment
By Larry Karp; UC Berkeley
Hiroaki Sakamoto
   presented by: Larry Karp, UC Berkeley
 

Asset Prices and Climate Policy
[slides]
By Larry Karp; UC Berkeley
Armon Rezai; WU Vienna University of Economics and Bu
   presented by: Armon Rezai, WU Vienna University of Economics and Bu
 
Session 137: Firm-Labor Dynamics
June 30, 2018 11:00 to 12:30
 
Session Chair: Simeon Alder, University of Wisconsin - Madison
 

Identifying Labor Market Sorting with Firm Dynamics
By Andreas Gulyas; University of Mannheim
   presented by: Andreas Gulyas, University of Mannheim
 

Lending Relationships and Labor Market Dynamics
By Alan Finkelstein Shapiro; Tufts University
Maria Olivero; Drexel University
   presented by: Maria Olivero, Drexel University
 

Dynamic Sorting
By Simeon Alder; University of Wisconsin - Madison
   presented by: Simeon Alder, University of Wisconsin - Madison
 
Session 138: Capital, Skills and the Development Path
June 30, 2018 11:00 to 12:30
 
Session Chair: Julieta Caunedo, Cornell University
 

Structural Change in Investment and Consumption: A Unified Approach
By Berthold Herrendorf; Arizona State University
Richard Rogerson; Princeton University
Akos Valentinyi; University of Manchester
   presented by: Berthold Herrendorf, Arizona State University
 

How Important are Indivisible Investments for Development? Experimental Evidence from Uganda
By Joseph Kaboski; University of Notre Dame
Molly Lipscomb; University of Virginia
Virgiliu Midrigan; New York University
   presented by: Joseph Kaboski, University of Notre Dame
 

Structural transformation: feedbacks from capital embodied technology adoption and capital-skill complementarity
By Julieta Caunedo; Cornell University
David Jaume; Cornell University
Elisa Keller; University of Exeter
   presented by: Julieta Caunedo, Cornell University
 
Session 139: Applications of Industrial Organization
June 30, 2018 11:00 to 12:30
 
Session Chair: Eugenio Miravete, University of Texas at Austin
 

Optimal Dynamic Hotel Pricing
By John Rust; Georgetown University
Sungjin Cho; Seoul National University
   presented by: John Rust, Georgetown University
 

Outsourcing, Firm Innovation, and Industry Dynamics in the Production of Semiconductors
By Jeff Thurk; University of Notre Dame
   presented by: Jeff Thurk, University of Notre Dame
 

One Markup to Rule Them All: Taxation by Liquor Pricing Regulation
By Eugenio Miravete; University of Texas at Austin
Katja Seim; University of Pennsylvania
Jeffrey Thurk; University of Notre Dame
   presented by: Eugenio Miravete, University of Texas at Austin
 
Session 140: Policy Without Commitment
June 30, 2018 11:00 to 12:30
 
Session Chair: Rishabh Kirpalani, Pennsylvania State University
 

Fiscal Rules and Discretion under Self-Enforcement
By Pierre Yared; Columbia University
   presented by: Pierre Yared, Columbia University
 

Currency Choices in Contracts
By Andres Drenik; Columbia University
Rishabh Kirpalani; The Pennsylvania State University
Diego Perez; New York University
   presented by: Diego Perez, New York University
 

Reputation, Bailouts, and Interest Rate Spread Dynamics
By Alessandro Dovis; University of Pennsylvania
Rishabh Kirpalani; Pennsylvania State University
   presented by: Rishabh Kirpalani, Pennsylvania State University
 
Session 141: HANK Models
June 30, 2018 13:45 to 15:15
 
Session Chair: Nils Mattis Gornemann, International Finance Board of Governors
 

Shocks vs Menu Costs: Patterns of Price Rigidity in an Estimated Multi-Sector Menu-Cost Model
By Erwan Gautier; Banque de France
Hervé Le Bihan; Banque de France
   presented by: Hervé Le Bihan, Banque de France
 

Understanding HANK: Insights from a PRANK
By Sushant Acharya; Federal Reserve Bank of New York
Keshav Dogra; Federal Reserve Bank of New York
   presented by: Sushant Acharya, Federal Reserve Bank of New York
 

HANK meets Ramsey: Optimal Coordination of Monetary and Labor Market Policies
By Nils Mattis Gornemann; International Finance Board of Governors
   presented by: Nils Mattis Gornemann, International Finance Board of Governors
 
Session 142: Macro Labor Perspectives
June 30, 2018 13:45 to 15:15
 
Session Chair: Kyle Herkenhoff, University of Minnesota
 

Labor Policy in a Dynamic Search-Matching Model with Heterogeneous Workers and Firms
By Jeremy Lise; University of Minnesota
Julien Pascal; Sciences Po
Jean Marc Robin; Sciences Po
   presented by: Jean Marc Robin, Sciences Po
 

The Technological Origins of the Decline in Labor Market Dynamism
By Jan Eeckhout; University College London and Barcelona
Xi Weng; Guanghua School of Management, Peking Un
   presented by: Jan Eeckhout, University College London and Barcelona
 

Labor Market Power
By David Berger; Northwestern University
Kyle Herkenhoff; University of Minnesota
Simon Mongey; Federal Reserve Bank of Minneapolis
   presented by: Kyle Herkenhoff, University of Minnesota
 
Session 143: Cities, Trade and Development
June 30, 2018 13:45 to 15:15
 
Session Chair: David Nagy, CREI
 

E-Commerce Integration and Economic Development: Evidence from China
By Victor Couture; University of California, Berkeley
Benjamin Faber; UC Berkeley
Yizhen Gu; UC Berkeley
   presented by: Victor Couture, University of California, Berkeley
 

Slum Upgrading and Long-run Urban Development: Evidence from Indonesia
By Mariaflavia Harari; The Wharton School, University of Pennsy
Maisy Wong; University of Pennsylvania
   presented by: Mariaflavia Harari, The Wharton School, University of Pennsy
 

Growth and Trade in a World of Cities
By Cesar Ducruet; CNRS
Reka Juhasz; Columbia University
David Nagy; CREI
Claudia Steinwender; MIT Sloan
   presented by: David Nagy, CREI
 
Session 144: Structural Change II
June 30, 2018 13:45 to 15:15
 
Session Chair: Wen Yao, Tsinghua University
 

Agricultural Composition, Structural Change and Labor Productivity
By Cesar Blanco; Central Bank of Paraguay
Xavier Raurich; Universitat de Barcelona
   presented by: Xavier Raurich, Universitat de Barcelona
 

Income Segregation and Rise of the Knowledge Economy
By Enrico Berkes; Northwestern University
Ruben Gaetani; University of Toronto
   presented by: Ruben Gaetani, University of Toronto
 

Structural Change and Aggregate Employment Fluctuations in China and the US
By Wen Yao; Tsinghua University
Xiaodong Zhu; University of Toronto
   presented by: Wen Yao, Tsinghua University
 
Session 145: Firms and Cycles
June 30, 2018 13:45 to 15:15
 
Session Chair: Christoph Boehm, UT Austin
 

Idiosyncratic shocks and the role of granularity in business cycle
[slides]
By Tatsuro Senga; Queen Mary University of London
Iacopo Varotto; Queen Mary University of London
   presented by: Iacopo Varotto, Queen Mary University of London
 

Multiproduct Firms and the Business Cycle
By Diyue Guo; University of Maryland -College Park
   presented by: Diyue Guo, University of Maryland -College Park
 

Are supply curves convex? Implications for state-dependent responses to shocks
By Christoph Boehm; UT Austin
Nitya Pandalai Nayar; University of Texas, Austin
   presented by: Christoph Boehm, UT Austin
 
Session 146: Bank Risk Taking
June 30, 2018 13:45 to 15:15
 
Session Chair: Adrien d'Avernas, Stockholm School of Economics
 

Business Complexity and Risk Management: Evidence from Operational Risk Events in U.S. Bank Holding Companies
By Anna Chernobai; Syracuse University
Ali Ozdagli; Federal Reserve Bank of Boston
Jianlin Wang; University of California Berkeley
   presented by: Ali Ozdagli, Federal Reserve Bank of Boston
 

A Model of Bank Credit Cycles
By Jianxing Wei; Universitat Pompeu Fabra
Tong Xu; SWUFE
   presented by: Tong Xu, SWUFE
 

Government Guarantees and the Valuation of American Banks
By Andrew Atkeson; University of California
Adrien d'Avernas; Stockholm School of Economics
Andrea Eisfeldt; University of California, Los Angeles
Pierre-Olivier Weill; University of California, Los Angeles
   presented by: Adrien d'Avernas, Stockholm School of Economics
 
Session 147: Earnings
June 30, 2018 13:45 to 15:15
 
Session Chair: Braz Camargo, Sao Paulo School of Economics - FGV
 

The Role of Firm Heterogeneity in the Earnings Inequality
By soyoung Lee
   presented by: soyoung Lee,
 

Earnings and Hours Dynamics Over the Life Cycle
By Christopher Busch; MOVE-UAB & Barcelona GSE
Priscilla Fialho; University College London and CeMMAP
Fatih Guvenen; University of Minnesota
   presented by: Christopher Busch, MOVE-UAB & Barcelona GSE
 

Earnings Dynamics: the Role of Learning, Human Capital, and Performance Incentives
By Braz Camargo; Sao Paulo School of Economics - FGV
Fabian Lange; McGill University
Elena Pastorino; Stanford University
   presented by: Braz Camargo, Sao Paulo School of Economics - FGV
 
Session 148: Portfolio Choices
June 30, 2018 13:45 to 15:15
 
Session Chair: Colin Ward, University of Minnesota
 

Household Portfolio Accounting
By Sewon Hur; University of Pittsburgh
Christopher Telmer; Carnegie Mellon University
Siqiang Yang; University of Pittsburgh
   presented by: Siqiang Yang, University of Pittsburgh
 

Income Volatility and Portfolio Choices
By Yongsung Chang; University of Rochester
Jay Hong; Seoul National University
Marios Karabarbounis; Federal Reserve Bank of Richmond
Yicheng Wang; University of Oslo
   presented by: Yicheng Wang, University of Oslo
 

Shifts in Sectoral Wealth Shares and Risk Premia: What Explains Them?
By Ravi Bansal; Duke University
Colin Ward; University of Minnesota
Amir Yaron; University of Pennsylvania
   presented by: Colin Ward, University of Minnesota
 
Session 149: Open Economy Macroeconomics
June 30, 2018 13:45 to 15:15
 
Session Chair: Cesar Sosa-Padilla, Notre Dame
 

How Does the Economy Respond to a Depreciation? Evidence in the Dynamics of Profit Margins, Company Values and Retail Prices of Mexican Public Corporations, 2010-2017.
By Santiago Bazdresch; Banco de Mexico
Adrian de la Garza; Banco de Mexico
Alejandra Lelo de Larrea; Banco de México
   presented by: Santiago Bazdresch, Banco de Mexico
 

Financial Frictions and Export Dynamics in Large Devaluations
By David Kohn; Universidad Catolica de Chile
Fernando Leibovici; Federal Reserve Bank of St. Louis
Michal Szkup; The University of British Columbia
   presented by: David Kohn, Universidad Catolica de Chile
 

Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk
By Javier Bianchi; Federal Reserve Bank of Minneapolis
Cesar Sosa-Padilla; Notre Dame
   presented by: Cesar Sosa-Padilla, Notre Dame
 
Session 150: Inflation Targeting
June 30, 2018 13:45 to 15:15
 
Session Chair: Amartya Lahiri, University of British Columbia
 

Changes in Monetary Regimes and the Identification of Monetary Policy Shocks: Narrative Evidence from Canada
By Julien Champagne; Bank of Canada
Rodrigo Sekkel; Bank of Canada
   presented by: Julien Champagne, Bank of Canada
 

Bubbly Recessions
By Toan Phan; Federal Reserve Bank of Richmond
Andrew Hanson; University of North Carolina Chapel Hill
Siddhartha Biswas; University of North Carolina, Chapel Hill
   presented by: Toan Phan, Federal Reserve Bank of Richmond
 

Inflation Targeting Consequences for Exchange Rates
By Paul Beaudry; University of British Columbia
Amartya Lahiri; University of British Columbia
   presented by: Amartya Lahiri, University of British Columbia
 
Session 151: Energy and the Macroeconomy
June 30, 2018 13:45 to 15:15
 
Session Chair: Charles Fries, Federal Reserve Bank of Chicago
 

The US Shale Oil Boom, the Oil Export Ban and the Economy: A General Equilibrium Analysis
By Nida Cakir Melek; Federal Reserve Bank of Kansas City
   presented by: Nida Cakir Melek, Federal Reserve Bank of Kansas City
 

What’s in a wedge? Misallocation and Taxation in the Oil Industry.
By Radek Stefanski; University of St Andrews
Gerhard Toews; University of Oxford
   presented by: Radek Stefanski, University of St Andrews
 

Weather Shocks and Climate Change
By Charles Fries; Federal Reserve Bank of Chicago
Francois Gourio; Federal Reserve Bank of Chicago
   presented by: Charles Fries, Federal Reserve Bank of Chicago
 
Session 152: Spatial Equilibria in Macroeconomics and Development
June 30, 2018 13:45 to 15:15
 
Session Chair: Jesse Perla, University of British Columbia
 

Trade, Agglomeration Effects, and Labor Markets: Theory and Evidence
By Rodrigo Adao; University of Chicago
Costas Arkolakis; Yale University
Federico Esposito; Tufts University
   presented by: Costas Arkolakis, Yale University
 

Location as an Asset
By Adrien Bilal; Princeton University
Esteban Rossi-Hansberg; Princeton University
   presented by: Esteban Rossi-Hansberg, Princeton University
 

Coordination Frictions in Macro-Development
By Jesse Perla; University of British Columbia
Michael Peters; Yale University
   presented by: Jesse Perla, University of British Columbia
 
Session 153: Firm Investment Dynamics
June 30, 2018 13:45 to 15:15
 
Session Chair: Nicolas Vincent, HEC Montreal
 

Firm Investment During Large Crises: The role of Credit Conditions
By Alexandros Fakos; ITAM
Plutarchos Sakellaris; Athens University of Economics and Business
Tiago Tavares; CIE ITAM
   presented by: Tiago Tavares, CIE ITAM
 

Information Distortion, R&D, and Growth
By Stephen Terry; Boston University
Toni Whited; University of Michigan
Anastasia Zakolyukina; The University of Chicago
   presented by: Toni Whited, University of Michigan
 

Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data
By Matthias Kehrig; Duke University
Nicolas Vincent; HEC Montreal
   presented by: Nicolas Vincent, HEC Montreal
 
Session 154: Consumer Credit
June 30, 2018 13:45 to 15:15
 
Session Chair: Igor Livshits, Federal Reserve Bank of Philadelphia
 

Improved Matching, Directed Search, and Bargaining in the Credit Card Market
By Gajendran Raveendranathan; McMaster University
   presented by: Gajendran Raveendranathan, McMaster University
 

Falling Behind: Has Rising Inequality Fueled the American Debt Boom?
By Moritz Drechsel-Grau; University of Mannheim
Fabian Greimel; University of Mannheim
   presented by: Fabian Greimel, University of Mannheim
 

Regulating Consumer Credit with Over-Optimistic Borrowers
By Florian Exler; University of Vienna
Igor Livshits; Federal Reserve Bank of Philadelphia
James MacGee; University of Western Ontario
Michele Tertilt; University of Mannheim
   presented by: Igor Livshits, Federal Reserve Bank of Philadelphia
 
Session 155: Monetary Policy and Intermediation
June 30, 2018 15:45 to 17:15
 
Session Chair: Martin Schneider, Stanford University
 

Monetary Transmission through Shadow Banks
By Kairong Xiao
   presented by: Kairong Xiao,
 

No Job, No Money, No Refi: Frictions to Refinancing in a Recession
By Anthony DeFusco; Northwestern University
John Mondragon; Northwestern University
   presented by: John Mondragon, Northwestern University
 

Financial stability, monetary policy and the payment intermediary share
By Moritz Lenel; University of Chicago
Monika Piazzesi; Stanford University
Martin Schneider; Stanford University
   presented by: Martin Schneider, Stanford University
 
Session 156: Search Frictions in Labor Markets
June 30, 2018 15:45 to 17:15
 
Session Chair: Nicolas Petrosky-Nadeau, FRB San Francisco
 

Should Buyers or Sellers Trade in a Frictional Market?
By Shouyong Shi; Pennsylvania State University
Alain Delacroix; UQAM
   presented by: Shouyong Shi, Pennsylvania State University
 

Firm Wages in a Frictional Labor Market
By Leena Rudanko; Federal Reserve Bank of Philadelphia
   presented by: Leena Rudanko, Federal Reserve Bank of Philadelphia
 

The Efficiency of Surplus Sharing in Sequential Labor and Goods Markets
By Nicolas Petrosky-Nadeau; FRB San Francisco
Etienne Wasmer; NYU AD
Philippe Weil; Université Libre de Bruxelles
   presented by: Nicolas Petrosky-Nadeau, FRB San Francisco
 
Session 157: Mexico-US Trade
June 30, 2018 15:45 to 17:15
 
Session Chair: Daniel Garces Diaz, Bank of Mexico
 

The Macroeconomic Impact of NAFTA Termination
By Joseph Steinberg; University of Toronto
   presented by: Joseph Steinberg, University of Toronto
 

Financial Shocks Propagation and International Trade Linkages
By Sihao Chen; Hong Kong Univ of Science and Technology
   presented by: Sihao Chen, Hong Kong Univ of Science and Technology
 

Trade, Productivity and Synchrony in Mexican and United States Manufacturing
By Daniel Garces Diaz; Bank of Mexico
   presented by: Daniel Garces Diaz, Bank of Mexico
 
Session 158: Firms and Growth
June 30, 2018 15:45 to 17:15
 
Session Chair: Danial Lashkari, Boston College
 

Firm Entry and Exit and Aggregate Growth
By Jose Asturias; Georgetown University in Qatar
Sewon Hur; University of Pittsburgh
Timothy Kehoe; University of Minnesota
Kim Ruhl; Pennsylvania State University
   presented by: Sewon Hur, University of Pittsburgh
 

Stock Price Fluctuations and Productivity Growth
By Diego Comin; Dartmouth College
Mark Gertler; New York University
Phuong Ngo; Cleveland State University
Ana Maria Santacreu; Federal Reserve Bank of Saint Louis and
   presented by: Phuong Ngo, Cleveland State University
 

Innovation, Knowledge Diffusion, and Selection
By Danial Lashkari; Yale University
   presented by: Danial Lashkari, Boston College
 
Session 159: Credit and Macroeconomic Stabilization
June 30, 2018 15:45 to 17:15
 
Session Chair: Kurt Mitman, Stockholm University
 

A Theory of Credit Scoring and the Competitive Pricing of Default Risk
By Satyajit Chatterjee; Federal Reserve Bank of Philadelphia
Dean Corbae; University of Wisconsin
Kyle Dempsey; The Ohio State University
Jose-Victor Rios-Rull; University of Pennsylvania
   presented by: Dean Corbae, University of Wisconsin
 

Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
By Emil Verner; Princeton University
   presented by: Emil Verner, Princeton University
 

Bankruptcy and Aggregate Demand
By Adrien Auclert; Stanford
Kurt Mitman; IIES
   presented by: Kurt Mitman, Stockholm University
 
Session 160: Macroeconomics and Finance
June 30, 2018 15:45 to 17:15
 
Session Chair: Luigi Bocola, Stanford University, FRB of Minneapolis
 

A Macroeconomic Model with Financial Panics
By Mark Gertler; New York University
Nobuhiro Kiyotaki; Princeton University
Andrea Prestipino; Federal Reserve Board
   presented by: Nobuhiro Kiyotaki, Princeton University
 

Incompleteness Shocks
By Eduardo Davila; New York University
Thomas Philippon; New York University
   presented by: Eduardo Davila, New York University
 

Risk Sharing and Financial Amplification
By Luigi Bocola; Stanford University, FRB of Minneapolis
Guido Lorenzoni; Northwestern
   presented by: Luigi Bocola, Stanford University, FRB of Minneapolis
 
Session 161: Determinants of Wage Inequality
June 30, 2018 15:45 to 17:15
 
Session Chair: Job Boerma, University of Minnesota
 

Falling Labor Share and Rising Inequality: The Role of Wage Contracts.
By Cynthia Doniger; Federal Reserve Board
   presented by: Cynthia Doniger, Federal Reserve Board
 

Monetary Policy Effects on Wage Inequality Between and Within Firms
By Christian Moser; Columbia University
Farzad Saidi; Stockholm School of Economics
Benjamin Wirth; IAB Nuremberg
   presented by: Christian Moser, Columbia University
 

Inferring Inequality with Home Production
By Job Boerma; University of Minnesota
Loukas Karabarbounis; University of Minnesota
   presented by: Job Boerma, University of Minnesota
 
Session 162: Disagreements
June 30, 2018 15:45 to 17:15
 
Session Chair: Anastassia Fedyk, Harvard Business School
 

Demand Disagreement
By Christian Heyerdahl-Larsen; London Business School
Philipp Illeditsch; Carnegie Mellon University, Tepper Schoo
   presented by: Philipp Illeditsch, Carnegie Mellon University, Tepper Schoo
 

Heterogenous Information Choice in General Equilibrium
By Tobias Broer; Stockholm University
Alexandre Kohlhas; Institute for International Economic Studies, Stockholm University
Kurt Mitman; IIES
Kathrin Schlafmann; Institute for International Economic Stu
   presented by: Tobias Broer, Stockholm University
 

Disagreement after News: Gradual Information Diffusion or Differences of Opinion?
By Anastassia Fedyk; Harvard Business School
   presented by: Anastassia Fedyk, Harvard Business School
 
Session 163: Sovereign Default Risk
June 30, 2018 15:45 to 17:15
 
Session Chair: Paulina Restrepo-Echavarria, Federal Reserve Bank of St Louis
 

Inflation Targeting with Sovereign Default Risk
By Cristina Arellano; Federal Reserve Bank of Minneapolis
Yan Bai; University of Rochester
Gabriel Mihalache; Stony Brook University
   presented by: Cristina Arellano, Federal Reserve Bank of Minneapolis
 

Commitment and sovereign default risk
By Juan Hatchondo; Indiana University
Leonardo Martinez; International Monetary Fund
Francisco Roch; International Monetary Fund
   presented by: Juan Hatchondo, Indiana University
 

Resource Curse or Blessing? Sovereign Risk in Emerging Economies
By Franz Hamann; Banco de la República
Enrique Mendoza; University of Pennsylvania
Paulina Restrepo-Echavarria; Federal Reserve Bank of St Louis
   presented by: Paulina Restrepo-Echavarria, Federal Reserve Bank of St Louis
 
Session 164: Financial Networks: Empirical Investigations
June 30, 2018 15:45 to 17:15
 
Session Chair: Mark Paddrik, Office of Financial Research, U.S. Treasury
 

Credit Market Spillovers: Evidence from a Syndicated Loan Market Network
By Abhimanyu Gupta; University of Essex
Sotirios Kokas; University of Essex
Alex Michaelides; Imperial College Business School
   presented by: Sotirios Kokas, University of Essex
 

The Double-Edged Sword of Global Integration: Robustness, Fragility \& Contagion in the International Firm Network
By Everett Grant; Federal Reserve Bank of Dallas
   presented by: Everett Grant, Federal Reserve Bank of Dallas
 

How Safe are Central Counterparties in Derivatives Markets?
By Mark Paddrik; Office of Financial Research, U.S. Treasury
Peyton Young; University of Oxford, Nuffield College
   presented by: Mark Paddrik, Office of Financial Research, U.S. Treasury
 
Session 165: Urban Economics and Macro
June 30, 2018 15:45 to 17:15
 
Session Chair: Stijn Van Nieuwerburgh, New York University
 

The Rise of Housing Supply Regulation in the US: Local Causes and Aggregate Implications
By Andrii Parkhomenko; University of Southern California, Marshall School of Business
   presented by: Andrii Parkhomenko, University of Southern California, Marshall School of Business
 

Costly Commuting and the Job Ladder
By Jean Flemming; University of Oxford
   presented by: Jean Flemming, University of Oxford
 

Affordable Housing and City Welfare
By Jack Favilukis
Pierre Mabille; New York University
Stijn Van Nieuwerburgh; New York University
   presented by: Stijn Van Nieuwerburgh, New York University
 
Session 166: Credit and Consumption
June 30, 2018 15:45 to 17:15
 
Session Chair: Kieran Walsh, University of Virginia
 

Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets
By Alessandro Gavazza; London School of Economics
Andrea Lanteri; Duke University
   presented by: Andrea Lanteri, Duke University
 

House Prices, Home Equity, and Personal Debt Composition
By Jieying Li; Stockholm School of Economics
Xin Zhang; Sveriges Riksbank
   presented by: Xin Zhang, Sveriges Riksbank
 

Debt Burdens and the Interest Rate Response to Fiscal Stimulus: Theory and Cross-Country Evidence
By Jorge Miranda-Pinto; University of Queensland
Daniel Murphy; University of Virginia
Kieran Walsh; University of Virginia
Eric Young; University of Virginia
   presented by: Kieran Walsh, University of Virginia
 
Session 167: Housing and the Macroeconomy
June 30, 2018 15:45 to 17:15
 
Session Chair: Timothy McQuade, Stanford University
 

The Geography Channel of House Price Appreciation: Did the Decline in Manufacturing Partially Cause the Housing Boom?
By Greg Howard; University of Illinois
Carl Liebersohn; MIT
   presented by: Greg Howard, University of Illinois
 

Hot vacancies: the cross section of supply over the housing cycle
By Tim Landvoigt; University of Pennsylvabia
Monika Piazzesi; Stanford University
Martin Schneider; Stanford University
   presented by: Monika Piazzesi, Stanford University
 

The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco
By Rebecca Diamond; Stanford University
Timothy McQuade; Stanford University
Franklin Qian; Stanford University
   presented by: Timothy McQuade, Stanford University
 
Session 168: Firm Dynamics and Intertemporal Decisions
June 30, 2018 15:45 to 17:15
 
Session Chair: Patrick Kehoe, Stanford University
 

Firm Dynamics at the Zero Lower Bound
By Alex Clymo; University of Essex
   presented by: Alex Clymo, University of Essex
 

Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation
By In Hwan Jo; National University of Singapore
Tatsuro Senga; Queen Mary University of London
   presented by: Tatsuro Senga, Queen Mary University of London
 

Asset Prices and Unemployment Fluctuations
By Patrick Kehoe; Stanford University
Pierlauro Lopez; Banque de France
Virgiliu Midrigan; New York University
Elena Pastorino; Stanford University
   presented by: Patrick Kehoe, Stanford University
 

168 sessions, 504 papers, and 0 presentations with no associated papers
 
Index of Participants

Legend: C=chair, P=Presenter, D=Discussant
#ParticipantRoles in Conference
1Acharya, SushantP141
2Afrouzi, HassanP64
3Aguirre, AlvaroP52
4Alder, SimeonP137, C137
5Alder, SimonP18
6Ales, LaurenceP35, C35
7Alon, TitanP70
8Altinoglu, LeventP82, C82
9Alvarez, FernandoP120, C120
10Amano, NorikoP49
11Arellano, CristinaP163
12Argente, DavidP46
13Arkolakis, CostasP152
14Asriyan, VladimirP6, C6
15Atalay, EnghinP95
16Auclert, AdrienP71, C71
17Bacchetta, PhilippeP107, C107
18Bachmann, RuedigerP39
19Baley, IsaacP19
20Balke, NeeleP65, C65
21Baqaee, DavidP26
22Barrage, LintP123, C123
23Baslandze, SalomeP14
24Bassetto, MarcoP24
25Bauducco, SofiaP135
26Baughman, GarthP99, C99
27Bayer, ChristianP7
28Bazdresch, SantiagoP149
29Begenau, JulianeP48
30Berger, DavidP89
31Berniell, LucilaP54, C54
32bhandari, anmolP125
33Birinci, SerdarP106
34Blanco, JulioP107
35Blaum, JoaquinP101
36Boar, CorinaP5
37Bocola, LuigiP160, C160
38Boehm, ChristophP145, C145
39Boehm, JohannesP95, C95
40Boerma, JobP161, C161
41Boppart, TimoP130, C130
42Borovicka, JaroslavP92, C92
43Borovickova, KatarinaP58
44Borusyak, KirillP115
45Boyarchenko, NinaP94
46Braxton, J. CarterP108
47Broer, TobiasP162
48Bronson, Mary AnnP7, C7
49Brooks, WyattP14
50Brueggemann, BettinaP16
51Brzoza-Brzezina, MichałP113
52Buera, FranciscoP32
53Burstein, ArielP101, C101
54Busch, ChristopherP147
55Caggese, AndreaP111
56Cakir Melek, NidaP151
57Caliendo, LorenzoP13
58Camargo, BrazP147, C147
59Cao, QingqingP110
60Caramp, NicolasP76
61Casey, GregoryP35
62Caunedo, JulietaP138, C138
63Cavalcanti, TiagoP102, C102
64Celik, MuratP69
65Chade, HectorP40
66Challe, EdouardP127
67Champagne, JulienP150
68Chaumont, GastonP51
69Chen, SihaoP157
70Chien, YiLiP66
71Choi, JoonkyuP96
72Clara, NunoP105, C105
73Clymo, AlexP168
74Cooper, RussellP56
75Corbae, DeanP159
76Couture, VictorP143
77Cravino, JavierP93, C93
78Cubas, GermanP35
79d'Avernas, AdrienP146, C146
80D'Erasmo, PabloP132, C132
81Darst, MatthewP120
82David, JoelP27
83Davila, EduardoP160
84Długoszek, GrzegorzP131
85De Giorgi, GiacomoP5
86de Gortari, AlonsoP95
87De la O, RicardoP112, C112
88De Magalhaes, LeandroP60
89De Nardi, MariacristinaP81
90devereux, michaelP93
91Di Tella, SebastianP15, C15
92Dillon, EleanorP96, C96
93Doepke, MatthiasP81, C81
94Dogra, KeshavP75
95Donaldson, JasonP109
96Dong, FengP55
97Doniger, CynthiaP161
98Donna, JavierP53
99Donovan, KevinP116
100Doppelt, RossP67
101Draca, MirkoP68
102Druedahl, JeppeP126
103Duernecker, GeorgP32
104Durdu, BoraP62, C62
105Dvorkin, MaximilianoP38
106Eeckhout, JanP142
107Engbom, NiklasP133, C133
108Esquivel, CarlosP121
109Eusepi, StefanoP103
110Faberman, JasonP41
111Fajgelbaum, PabloP124
112Falck, ElisabethP99
113Fally, ThibaultP45
114Fan, YingP53, C53
115Fan, JingtingP31
116Fanelli, SebastianP135, C135
117Farhi, EmmanuelP15
118Fedyk, AnastassiaP162, C162
119Feng, FelixP8
120Fernandes, AnaP49, C49
121Fernandez, AndresP66
122Ferraro, DomenicoP75, C75
123Ferreira, MiguelP80
124Ferroni, FilippoP29
125Figueiredo, AnaP119
126Finkelstein Shapiro, AlanP110
127Flabbi, LucaP21
128Flemming, JeanP165
129Foley-Fisher, NathanP134
130Fornaro, LucaP37
131Francis, NevilleP67, C67
132Fried, StephieP136
133Friedrich, BenjaminP114
134Fries, CharlesP151, C151
135Fu, ShimingP22
136Fuchs, SimonP3
137Fujimoto, JunichiP127, C127
138Fuller, DavidP44
139Gaetani, RubenP144
140Garces Diaz, DanielP157, C157
141Garcia Marin, AlvaroP42
142Garcia-Santana, ManuelP88
143Garetto, StefaniaP110, C110
144Garga, VaishaliP85
145Garriga, CarlosP21
146Geerolf, FrancoisP37, C37
147Geng, RunjieP92
148Giannone, ElisaP102
149Gilbert, LaurienP129, C129
150Gilchrist, SimonP33
151Gissler, StefanP90, C90
152Gomes, JoaoP33
153Gomez, MatthieuP63
154Gordon, GreyP65
155Gornemann, Nils MattisP141, C141
156Gottardi, PieroP109, C109
157Gottfries, AxelP128, C128
158Gouin-Bonenfant, EmilienP100
159Grant, EverettP164
160Greenwald, DanielP39, C39
161Greimel, FabianP154
162Grieco, PaulP17
163Guerreiro, JoaoP122, C122
164Gulyas, AndreasP137
165Guo, DiyueP145
166Gupta, DeekshaP11
167Gutierrez, GermanP26
168Guvenen, FatihP31, C31
169Hachem, KindaP48
170Harari, MariaflaviaP143
171Hatchondo, JuanP163
172Heathcote, JonathanP106
173Hebert, BenjaminP76
174Hedlund, AaronP25
175Heise, SebastianP105
176Herkenhoff, KyleP142, C142
177Hernandez, JuanP121
178Herrendorf, BertholdP138
179Hirose, YasuoP79
180Hoffmann, EranP111, C111
181Hong, CanhuiP104, C104
182Hosseini, RoozbehP63, C63
183Howard, GregP167
184Huang, JingongP4
185Huckfeldt, ChristopherP75
186Hui, ShenP53
187Huo, ZhenP117, C117
188Hur, SewonP158
189Hyatt, HenryP19, C19
190Iacoviello, MatteoP131, C131
191Ilabaca, FranciscoP1
192Illeditsch, PhilippP162
193Imrohoroglu, SelahattinP97
194Ingholt, MarcusP98, C98
195Ionescu, FeliciaP126
196Itskhoki, OlegP101
197Janiak, AlexandreP61
198Janicki, HubertP7
199Jarosch, GregorP58
200Jasova, MartinaP29, C29
201Jiang, HeluP28
202Johri, AlokP65
203Jones, CallumP25, C25
204Jurado, KyleP67
205Kaboski, JosephP138
206Kambourov, GueorguiP102
207Kapinos, PavelP1, C1
208Karahan, FatihP125
209Karp, LarryP136
210Kaufmann, ChristophP57, C57
211Kaymak, BarisP63
212Kehoe, TimothyP97, C97
213Kehoe, PatrickP168, C168
214Kehrig, MatthiasP27
215Kekre, RohanP71
216Keller, LorenaP135
217Kennan, JohnP21, C21
218Khan, AubhikP83
219Kim, SoojinP72
220Kirpalani, RishabhP140, C140
221Kirti, DivyaP55
222Kiyotaki, NobuhiroP160
223Klepacz, MatthewP105
224Kliem, MartinP57
225Koeniger, WinfriedP126, C126
226Kohlhas, AlexandreP103
227Kohn, DavidP149
228Kokas, SotiriosP164
229Kondo, IlleninP124, C124
230Koreshkova, TatyanaC70
231Kovrijnykh, NataliaP94
232Kozlowski, JulianP36, C36
233Krivenko, PavelP25
234Kubler, FelixP92
235Kucheryavyy, KonstantinP9, C9
236Lafuente, CristinaP16, C16
237Lagakos, DavidP116
238Lahiri, AmartyaP150, C150
239Lamadon, ThibautP114, C114
240Landry, AnthonyP73
241Lanteri, AndreaP166
242Larin, BenjaminP34
243Lashkari, DanialP158, C158
244Law, Tzuo HannP98
245Le Bihan, HervéP141
246Leal, JulioP4, C4
247Lebeau, LucieP44
248Lee, soyoungP147
249Lee, Sang Yoon (Tim)P84
250Lee, HyunjuP23
251Lee, MinjoonP133
252Lee, MunseobP14, C14
253Lemoine, DerekP123
254Lentz, RasmusP58, C58
255Lessem, RebeccaP77
256Lester, BenjaminP72, C72
257Leukhina, OksanaP70
258Leyva, GustavoP86
259Li, YeP104
260Li, GraceP60
261Lian, ChenP50
262Liemen, Max OleP78
263Lind, NelsonP45, C45
264Lindenlaub, IlseP30
265Lise, JeremyP114
266Liu, SimingP51
267Liu, XuewenP90
268Livshits, IgorP154, C154
269Loualiche, ErikP34, C34
270Lucchetta, MarcellaP132
271Luo, JinfengP113, C113
272Ma, ChangP23
273Macera, ManuelP119
274Malkhozov, AytekP112
275Mariscal, AsierP12
276Martin, FernandoP10
277Martinez, JosebaP18, C18
278Matsumoto, HidehikoP23, C23
279Matveev, DmitryP113
280Maziero, PricilaP8, C8
281McCallum, AndrewP42, C42
282McGrattan, EllenP66, C66
283McKay, AlisdairP89
284McKiernan, KathleenP108, C108
285McQuade, TimothyP167, C167
286Mehrotra, NeilP24, C24
287Mejean, IsabelleP45
288Melcangi, DavideP111
289Melosi, LeonardoP103, C103
290Mestieri, MartiP32, C32
291Meza, FelipeP98
292Michaels, RyanP86, C86
293Michaillat, PascalP43
294Milbradt, KonstantinP109
295Miravete, EugenioP139, C139
296Mitchell, MatthewP12, C12
297Mitman, KurtP159, C159
298Moen, EspenP128
299Mondragon, JorgeP121, C121
300Mondragon, JohnP155
301Monge-Naranjo, AlexanderP116, C116
302Mongey, SimonP40, C40
303Monras, JoanP77, C77
304Moral-Benito, EnriqueP82
305Morales-Jimenez, CamiloP44, C44
306Moreira, SaraP30
307Moro, AlessioP88
308Morten, MelanieP77
309Moser, ChristianP161
310Mukhin, DmitryP107
311Mustre-del-Rio, JoseP118, C118
312Nagy, DavidP143, C143
313Nakajima, KentaroP124
314Narajabad, BorghanP62
315Nath, AnushaP60, C60
316Navarro, SalvadorP41, C41
317Navarro, GastonP115, C115
318Ndiaye, AbdoulayeP122
319Neuhann, DanielP55, C55
320Ngo, PhuongP158
321Nicolini, Juan PabloP122
322Nimark, KristofferP64
323Nosal, JaromirP11, C11
324Novy, DennisP3, C3
325O'Dea, CormacP108
326Oberfield, EzraP100, C100
327Olivella, VirginiaP99
328Olivero, MariaP137
329Ordonez, GuillermoP6
330Osotimehin, SophieP4
331Ozdagli, AliP146
332Ozkan, SerdarP2
333Paciello, LuigiP47
334Paddrik, MarkP164, C164
335Paixao, NunoP11
336Pancost, AaronP91, C91
337Pandalai Nayar, NityaP9
338Panetti, EttoreP118
339Papanikolaou, DimitrisP27, C27
340Pappada, FrancescoP10
341Park, YoungminP84
342Park, YenaP106, C106
343Parkhomenko, AndriiP165
344Parlatore, CeciliaP20
345Parro, FernandoP26, C26
346Paul, PascalP104
347Pennacchi, GeorgeP22, C22
348Perez, DiegoP140
349Perez-Reyna, DavidP74
350Perla, JesseP152, C152
351Pessoa Araujo, Ana LuisaP86
352Peters, MichaelP13
353Petersen Rendall, MichelleP119, C119
354Petrosky-Nadeau, NicolasP156, C156
355Pfajfar, DamjanP36
356Phan, ToanP150
357Piazzesi, MonikaP167
358Piguillem, FacundoP80, C80
359Pilossoph, LauraP2
360Pilossoph, LauraC2
361Piton, SophieP9
362Piveteau, PaulP17
363Portier, FranckP85, C85
364Porzio, TommasoP13, C13
365Pretnar, NicholasP97
366Proebsting, ChristianP78, C78
367Pugsley, BenjaminP125, C125
368Quadrini, VincenzoP3
369Queiros, FranciscoP40
370Quintin, ErwanP38
371Raffo, AndreaP73
372Ragot, xavierP51, C51
373Rahman, Md MahbuburP130
374Ramos, JoaoP8
375Raurich, XavierP144
376Raveendranathan, GajendranP154
377Ravikumar, BP74, C74
378Ravn, MortenP36
379Rendon, SilvioP28, C28
380Restrepo-Echavarria, PaulinaP163, C163
381Reyes-Heroles, RicardoP129
382Rezai, ArmonP136, C136
383Robatto, RobertoP94, C94
384Robbins, JacobP43
385Robin, Jean MarcP142
386Rodriguez Mora, Jose V.P81
387Rognlie, MatthewP15
388Rossi-Hansberg, EstebanP152
389Rostek, MarzenaP134
390Rubini, LorisP17, C17
391Rudanko, LeenaP156
392Rust, JohnP139
393Ruzic, DimitrijeP83
394Sadzik, TomaszP80
395Saffie, FelipeP56, C56
396Sahin, AysegulP30, C30
397Salomao, JulianaP93
398Sambalaibat, BatchimegP90
399Sanchez, JuanP46, C46
400Santaeulalia-Llopis, RaulP130
401Santos, CezarP91
402Scanlon, PaulP16
403Schilling, LindaP118
404Schlagenhauf, DonP52
405Schmitz, TomP6
406Schneider, MartinP155, C155
407Schoefer, BenjaminP19
408Schoellman, ToddP84, C84
409Schott, ImmoP100
410Senga, TatsuroP168
411Shi, ShouyongP156
412Shu, PianP68
413Silva, DejanirP96
414Singh, RajeshP29
415Singh, SanjayP57
416Singhania, RishP54
417Smith, AnthonyP123
418Smitkova, LidiaP59
419Sonntag, JanP82
420Sosa-Padilla, CesarP149, C149
421Sposi, MichaelP18
422Stavrakeva, VaniaP48, C48
423Stefanski, RadekP151
424Steinberg, JosephP157
425Sterk, VincentP83, C83
426Stevens, LuminitaP64, C64
427Szkup, MichalP73, C73
428Tabova, AlexandraP112
429Tang, XinP52, C52
430Tang, HaozhouP34
431Taschereau-Dumouchel, MathieuP50, C50
432Tavares, TiagoP153
433Tchistyi, AlexeiP39
434Throckmorton, NathanielP131
435Thurk, JeffP139
436Tintelnot, FelixP87, C87
437Tonetti, ChristopherP46
438Traiberman, SharonP59
439Tsyrennikov, ViktorP79
440Turen, JavierP85
441Tybout, JamesP87
442Ulbricht, RobertP117
443Uribe, MartinP37
444Valchev, RosenP24
445Valentinyi, AkosP88, C88
446Van Nieuwerburgh, StijnP165, C165
447Vanasco, VictoriaP76, C76
448Varela, LilianaP68, C68
449Varotto, IacopoP145
450Vavra, JosephP47, C47
451Veldkamp, LauraP50
452Venkateswaran, VenkyP117
453Ventura, GustavoP69
454Veracierto, MarceloP56
455Veramendi, GregoryP70
456Vereshchagina, GalinaP91
457Verner, EmilP159
458Villena-Roldan, BenjaminP28
459Vincent, NicolasP153, C153
460vom Lehn, ChristianP129
461Waddle, AndreaP42
462Walker, ToddP78
463Wallenius, JohannaP133
464Walsh, ConorP41
465Walsh, KieranP166, C166
466Wang, YichengP148
467Ward, ColinP148, C148
468Waugh, MikeP115
469Weber, HenningP127
470Wee, Shu LinP2
471Weill, Pierre-OlivierP134, C134
472Werner, JanP120
473Werning, IvanP71
474Whited, ToniP153
475Wiczer, DavidP128
476Wieland, JohannesP89, C89
477Williams, BasilP20
478Wilson, DanielP43, C43
479Winberry, ThomasP33, C33
480Wong, RussellP74
481Wong, ArleneP5, C5
482Wright, MarkP38, C38
483Xiang, HaotianP132
484Xiao, JasmineP22
485Xiao, KairongP155
486Xiaolan, Mindy Z.P12
487Xie, ZoeP10, C10
488Xu, TongP146
489Yang, SiqiangP148
490Yao, WenP144, C144
491Yared, PierreP140
492Yeaple, StephenP87
493Yi, Kei-MuP31
494Yu, YangP61
495Zeida, HerveP54
496Zetlin-Jones, ArielP79, C79
497Zhang, WeilongP72
498Zhang, XinP166
499Zhang, XuP1
500Zhang, ShengxingP69, C69
501Zhao, KaiP49
502Zhou, XiaoqingP47
503Zhu, YuP61, C61
504Zhu, TingtingP62
505Zryumov, PavelP20, C20
506Zymek, RobertP59, C59

 

This program was last updated on 2018-05-24 18:51:21 EDT