NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Economic Fluctuations and Growth Research Meeting

David Laibson and Michael Woodford, Organizers

July 16, 2005

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

PROGRAM

FRIDAY, JULY 15:

6:30 PM Reception and Dinner

Royal Sonesta Hotel

SATURDAY, JULY 16:

8:30 AM Continental Breakfast

9:00 AM SIMI KEDIA, Rutgers University

THOMAS PHILIPPON, New York University and NBER

The Economics of Fraudulent Accounting

Discussant: FRANKLIN ALLEN, University of Pennsylvania

10:00 AM Coffee Break

10:30 AM TROY DAVIG, College of William and Mary

ERIC LEEPER, Indiana University and NBER

Fluctuating Macro Policies and the Fiscal Theory

Discussant: JORDI GALI, CREI and NBER

11:30 AM FATIH GUVENEN, University of Rochester

Learning Your Earning: Are Labor Income Shocks Really Very Persistent?

Discussant: JONATHAN PARKER, Princeton University and NBER

12:30 PM Lunch

1:30 PM XAVIER GABAIX, MIT and NBER

The Granular Origins of Aggregate Fluctuations

Discussant: STEVEN DURLAUF, University of Wisconsin and NBER

2:30 PM Coffee Break

3:00 PM ROBERT SHIMER, University of Chicago and NBER

Reassessing the Ins and Outs of Unemployment

Discussant: STEVEN DAVIS, University of Chicago and NBER

4:00 PM GUIDO LORENZONI, MIT and NBER

Imperfect Information, Consumers' Expectations, and Business Cycles

Discussant: LAURA VELDKAMP, New York University

5:00 PM Adjourn

6/27/05