NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2006

 

Impulse and Propagation Mechanisms

 

Lawrence Christiano and Martin Eichenbaum, Organizers

 

Royal Sonesta Hotel

Somerset Room

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

July 17-21, 2006

 

PROGRAM

 

MONDAY, JULY 17:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

NIR JAIMOVICH, UC, San Diego

 

HENRY SIU, University of British Columbia

 

The Young, the Old, and the Restless: Demographics and Business Cycle Volatility

 

 

10:00 am

Break

 

 

10:15 am

NIR JAIMOVIC, UC, San Diego

 

SERGIO REBELO, Northwestern University and NBER

 

Do News Shocks Drive the Business Cycle?

 

 

11:15 am

Break

 

 

11:30 am

GAUTI EGGERTSSON, Federal Reserve Bank of New York

 

Great Expectations and the End of the Depression

 

 

12:30 pm

Lunch and Adjourn

 

 

TUESDAY, JULY 18:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

ANDREW LEVIN, DAVID LOPEZ-SALIDO and TACK YUN,

 

Federal Reserve Board

 

Strategic Complementarities and Optimal Monetary Policy

 

 

10:00 am

Break

 

 

10:15 am

MICHAEL WOODFORD, Columbia University and NBER

 

Robustly Optimal Monetary Policy Under Near-Rational Expectations

 

 

11:15 am

Break

 

 

11:30 am

STEPHANIE SCHMITT-GROHE and MARTIN URIBE.

 

Duke University and NBER

 

Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model

 

 

12:30 pm

Lunch and Adjourn

 

 

WEDNESDAY, JULY 19:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

RANDALL WRIGHT, University of Pennsylvania and NBER

 

RAFAEL SILVEIRA, University of Pennsylvania

 

Liquidity and the Market for Ideas

 

 

10:00 am

Break

 

 

10:15 am

VALERIE RAMEY, UC, San Diego and NBER

 

Identifying Government Spending Shocks: It's All in the Timing

 

 

11:15 am

Break

 

 

11:30 am

BOYAN JOVANOVIC, New York University and NBER

 

Investment Options and the Business Cycle

 

 

12:30 pm

Lunch and Adjourn

 

 

 6:00 pm

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

 

 

THURSDAY, JULY 20:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

OLIVIER BLANCHARD and JORDI GALÍ, MIT and NBER

 

A New Keynesian Model with Unemployment

 

 

10:00 am

Break

 

 

10:15 am

MARK GERTLER, New York University and NBER

 

ANTONELLA TRIGARI, Universitŕ Bocconi

 

Unemployment Fluctuation with Staggered Nash Wage Bargaining

 

 

11:15 am

Break

 

 

11:30 am

LEE OHANIAN, UC, Los Angeles and NBER

 

What--Or Who--Caused the Great Depression?

 

 

12:30 pm

Lunch and Adjourn

 

 

FRIDAY, JULY 21:

 

 

 8:30 am

Coffee and Pastries

 

 

9:00 am

CRAIG BURNSIDE, Duke University and NBER

 

MARTIN EICHENBAUM and SERGIO REBELO, Northwestern University and NBER

 

ISAAC KLESHCHELSKI, Northwestern University

 

The Returns to Currency Speculation

 

 

10:00 am

Break

 

 

10:15 am

EMMANUEL FARHI, MIT

 

IVAN WERNING, MIT and NBER

 

Capital Taxation: Quantitative Explorations of the Inverse Euler Equation

 

 

11:15 am

Break

 

 

11:30 am

JESS BENHABIB and ALBERTO BISIN, New York University

 

The Distribution of Wealth and Redistributive Policies

 

 

12:30 pm

Lunch and Adjourn

 

 

 

 

6/30/06