NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Economic Fluctuations and Growth Research Meeting

Mark Bils and Matthew Shapiro, Organizers

 

July 17, 2004

 

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

 

PRELIMINARY PROGRAM

 

 

 

FRIDAY, JULY 16:

 

 

 6:30 p.m.

Reception and Dinner

 

Royal Sonesta Hotel

 

 

SATURDAY, JULY 17:

 

 

 8:30 a.m.

Continental Breakfast

 

 

 9:00 a.m.

DAVID JOHNSON, Bureau of Labor Statistics

 

JONATHAN PARKER, Princeton University and NBER

 

NICHOLAS SOULELES, University of Pennsylvania and NBER

 

The Response of Consumer Spending to the Randomized

 

Income Tax Rebates of 2001

 

 

 

Discussant:  NICOLA FUCHS-SCHUNDELN, Yale University

 

 

10:00 a.m.

Coffee Break

 

 

10:30 a.m.

MARCO BATTAGLINI, Princeton University

 

STEPHEN COATE, Cornell University and NBER

 

Pareto Efficient Income Taxation with Stochastic Abilities

 

 

 

Discussant:  NARAYANA KOCHERLAKOTA, Stanford University and NBER

 

 

11:30 a.m.

GIORGIO PRIMICERI, Princeton University

 

Why Inflation Rose and Fell:

 

Policymakers’ Beliefs and US Postwar Stabilization Policy

 

 

 

Discussant:  ERIC LEEPER, Indiana University and NBER

 

 

12:30 p.m.

Lunch

 

 

 1:30 p.m.

CHRISTINA ROMER and DAVID ROMER, UC, Berkeley and NBER

 

A New Measure of Monetary Shocks:

 

Derivation and Implications

 

 

 

Discussant:  JOHN COCHRANE, University of Chicago and NBER

 

 

 2:30 p.m.

Coffee Break

 

 

 

 

 3:00 p.m.

YONGSUNG CHANG, ANDREAS HORNSTEIN, and

 

PIERRE-DANIEL SARTE, Federal Reserve Bank of Richmond

 

Productivity, Employment, and Inventories:

 

Smoothing Over Sticky Prices

 

 

 

Discussant:  VALERIE RAMEY, UC, San Diego and NBER

 

 

 4:00 p.m.

RICARDO CABALLERO, MIT and NBER

 

EDUARDO ENGEL,Yale University and NBER

 

Adjustment is Much Slower than You Think

 

 

 

Discussant:  ROBERT HALL, Stanford University and NBER

 

 

 5:00 p.m.

Adjourn

 

 

 

 

 

 

 

 

5/20/04