NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2004

 

Impulse and Propagation Mechanisms

 

Lawrence Christiano and Martin Eichenbaum, Organizers

 

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

 

July 19-23, 2004

 

PROGRAM

 

MONDAY, JULY 19:

 

 

 8:30 a.m.

Coffee and Pastries

 

 

 9:00 a.m.

ROCHELLE EDGE and THOMAS LAUBACH, Federal Reserve Board

 

JOHN WILLIAMS, Federal Reserve Bank of San Francisco

 

Learning and Shifts in Long-Run Productivity Growth

 

 

10:00 a.m.

Break

 

 

10:15 a.m.

YONGSUNG CHANG, ANDREAS HORNSTEIN, and PIERRE-DANIEL SARTE

 

Federal Reserve Bank of Richmond

 

Productivity, Employment, and Inventories: Smoothing Over Sticky Prices

 

 

11:15 a.m.

Break

 

 

11:30 a.m.

FABIO GHIRONI , Boston College

 

MARC J. MELITZ, Harvard University and NBER

 

International Trade and Macroeconomic Dynamics with Heterogeneous Firms

 

 

12:30 p.m.

Lunch and Adjourn

 

 

TUESDAY, JULY 20:

 

 

 8:30 a.m.

Coffee and Pastries

 

 

 9:00 a.m.

MARCO BASSETTO, University of Minnesota

 

CHRISTOPHER PHELAN, Federal Reserve Bank of Minneapolis

 

Tax Riots

 

 

10:00 a.m.

Break

 

 

10:15 a.m.

BOYAN JOVANOVIC, University of Chicago and NBER

 

Prices and Customer Loyalty

 

 

11:15 a.m.

Break

 

 

11:30 a.m.

GADI BARLEVY, Federal Reserve Bank of Chicago and NBER

 

DANI TSIDDON, Tel Aviv University

 

Earnings Inequality and the Business Cycle

 

 

12:30 p.m.

Lunch and Adjourn

 

 

WEDNESDAY, JULY 21:

 

 

 8:30 a.m.

Coffee and Pastries

 

 

 9:00 a.m.

DAVID ALTIG, Federal Reserve Bank of Cleveland

 

LAWRENCE CHRISTIANO and MARTIN EICHENBAUM,

 

Northwestern University and NBER

 

JESPER LINDE, Riksbank

 

An Estimated Model of the US Business Cycle

 

 

10:00 a.m.

Break

 

 

10:15 a.m.

STEPHANIE SCHMITT-GROHE and MARTIN URIBE, Duke University and NBER

 

Optimal Operational Interest-Rate Rules in the

 

Christiano-Eichenbaum-Evans Model of the U.S. Business Cycle

 

 

11:15 a.m.

Break

 

 

11:30 a.m.

ANDREW LEVIN, Federal Reserve Board

 

DAVID LOPEZ-SALIDO, Bank of Spain

 

Optimal Monetary Policy with Endogenous Capital Accumulation

 

 

12:30 p.m.

Lunch and Adjourn

 

 

 6:00 p.m.

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

THURSDAY, JULY 22:

 

 

 8:30 a.m.

Coffee and Pastries

 

 

 9:00 a.m.

GUILLAME ROCHETEAU, Federal Reserve Bank of Cleveland

 

RANDALL WRIGHT, University of Pennsylvania and NBER

 

Inflation and Welfare in Models with Trading Frictions

 

 

10:00 a.m.

Break

 

 

10:15 a.m.

MATTHIAS DOEPKE and MARTIN SCHNEIDER, New York University

 

Real Effects of Inflation through the Redistribution of Wealth: A Reassessment

 

 

11:15 a.m.

Break

 

 

11:30 a.m.

GAUTI EGGERTSON, International Monetary Fund

 

MIKE WOODFORD, Columbia University

 

Optimal Monetary and Fiscal Policy in a Liquidity Trap

 

 

12:30 p.m.

Lunch and Adjourn

 

 

FRIDAY, JULY 23:

 8:30 a.m.

Coffee and Pastries

 

 

 9:00 a.m.

ALEXEI ONATSKI, Columbia University

 

NOAH WILLIAMS, Princeton University

 

Empirical and Policy Performance of a Forward-Looking Monetary Model

 

 

10:00 a.m.

Break

 

 

10:15 a.m.

Introductory presentation on the Inflation Persistence Network

 

MICHAEL EHRMANN, European Central Bank

 

 

 

LUIS ALVAREZ AND IGNACIO HERNANDO, Bank of Spain

 

Price Setting Behaviour in Spain: Stylised Facts Using Consumer Price Micro Data

 

 

 

 

HARALD STAHL, Deutsche Bundesbank

 

Price Rigidity in German Manufacturing

 

 

11:15 a.m.

Break

 

 

11:30 a.m.

SILVIA FABIANI, ANGELA GATULLI AND ROBERTO SABBATINI, Banca d'Italia

 

The Pricing Behaviour of Italian Firms: New Survey Evidence on Price Stickiness

 

 

 

 

GÜNTER COENEN European Central Bank

 

ANDREW LEVIN, Federal Reserve Board

 

Identifying the Influences of Real and Nominal Rigidities in

 

Aggregate Price Setting Behavior

 

 

12:30 p.m.

Lunch and Adjourn

 

 

6/29/04