NATIONAL BUREAU OF ECONOMIC RESEARCH, INC

Summer Institute 2005

Macroeconomics and Productivity Workshop

Susanto Basu and Ernst Berndt, Organizers

July 20, 2005

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

PRELIMINARY PROGRAM

WEDNESDAY, JULY 20:
8:30 am	Continental Breakfast
9:00 am	BOYAN JOVANOVIC, New York University and NBER
	The Product Cycle and Inequality
	Discussant: PHILIPPE AGHION, Harvard University and NBER
10:00 am	Break
10:30 am	FRANCESCO CASELLI, London School of and NBER
	JAMES FEYRER, Dartmouth College
	The Marginal Product of Capital
	Discussant: BERTHOLD HERRENDORF, Arizona State University
11:30 am	BART HOBIJN, Federal Reserve Bank of New York
	ALISDAIR MCKAY, Princeton University
	A Spuriously New Economy
	Discussant: STEPHEN OLINER, Federal Reserve Board
12:30 pm	Lunch
1:30 pm	YURIY GORODNICHENKO, University of Michigan
	What Do We Estimate in Production Function Regressions? Critique and New Approaches
	Discussant: ALICE NAKAMURA, University of Alberta
2:30 pm	Break
3:00 pm	DENNIS FIXLER and JEREMY NALEWAIK, Bureau of Economic Analysis
	News, Noise and Estimates of the “True” Unobserved State of the Economy
	Discussant: MARK WATSON, Princeton University and NBER
4:00 pm	ERIC BOND, Vanderbilt University
	JAMES TYBOUT, Pennsylvania State University and NBER
	HÂLE UTAR, Pennsylvania State University
	Industrial Evolution in Crisis-Prone Economies
	Discussant: CHAD SYVERSON, University of Chicago and NBER
5:00 pm	Adjourn
6:00 pm	Clambake, Harvard Faculty Club, 20 Quincy St., Cambridge, MA
5/25/05