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, Università 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