NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

MONETARY ECONOMICS PROGRAM MEETING

Christopher House and Matthew Shapiro, Organizers

November 3, 2006

NBER

3rd Floor Conference Room

1050 Massachusetts Avenue

Cambridge, Massachusetts

PROGRAM

THURSDAY, NOVEMBER 2:

7:00 PM Dinner

Dante Restaurant

Royal Sonesta Hotel

5 Edwin H. Land Boulevard

Cambridge, MA

FRIDAY, NOVEMBER 3:

8:15 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue

8:30 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue

8:30 PM Continental Breakfast

9:00 AM MICHAEL ELSBY and GARY SOLON, University of Michigan and NBER

RYAN MICHAELS, University of Michigan

Reassessing the Ins and Outs of Unemployment Again: Everyone's a Winner

Discussant: ROBERT SHIMER, University of Chicago and NBER

10:00 AM Break

10:20 AM OLIVIER BLANCHARD, MIT and NBER

JORDI GALI, Universitat Pompeu Fabra and NBER

A New Keynesian Model with Unemployment

Discussant: ROBERT HALL, Stanford University and NBER

11:20 AM Break

11:40 AM DAVID WESSEL, Wall Street Journal

Discussion of Federal Reserve Policy and the Press

12:40 PM Lunch

1:40 PM MONIKA PIAZZESI, University of Chicago and NBER

MARTIN SCHNEIDER, New York University

Inflation and the Price of Real Assets

Discussant: ROBERT BARSKY, University of Michigan and NBER

Over, Please!

MONETARY ECONOMICS MEETING PROGRAM, PAGE 2:

2:40 PM Break

3:00 PM LAURA VELDKAMP, New York University

JUSTIN WOLFERS, University of Pennsylvania and NBER

Aggregate Shocks or Aggregate Information?

Costly Information and Business Cycle Comovement

Discussant: MIRKO WIEDERHOLT, Northwestern University

4:00 PM EMI NAKAMURA, Harvard University

JON STEINSSON, Harvard University

Five Facts About Prices: A Reevaluation of Menu Cost Models

Discussant: MARK BILS, University of Rochester and NBER

5:00 PM Adjourn

9/26/06