Executive Dining Room, 10^th Floor

THURSDAY, APRIL 12:

6:00 PM Reception and Dinner

Federal Reserve Bank of New York

President's Dining Room and Lounge, 11^th Floor

44 Maiden Lane

New York, NY 10045

FRIDAY, APRIL 13:

8:30 AM Continental Breakfast

9:00 AM ANIL KASHYAP, University of Chicago and NBER

FRANCOIS GOURIO, Boston University

Investment Spikes: New Facts and a General Equilibrium Exploration

Discussant: NOBUHIRO KIYOTAKI, Princeton University and NBER

10:00 AM Break

10:20 AM CHRISTINA ROMER and DAVID ROMER, UC, Berkeley and NBER

The Macroeconomic Effects of Tax Changes:

Estimates Based on a New Measure of Fiscal Shocks

Discussant: FRANCESCO GIAVAZZI, MIT and NBER

11:20 AM Break

11:40 AM ARIEL BURSTEIN, UC, Los Angeles and NBER

CHRISTIAN HELLWIG, UC, Los Angeles

Prices and Market Shares in a Menu Cost Model

Discussant: MIKHAIL GOLOSOV, MIT and NBER

Over, Please!

MONETARY ECONOMICS PROGRAM, PAGE 2:

12:40 PM Lunch- Liberty Room, 1^st Floor

1:40 PM JAMES HAMILTON, UC, San Diego and NBER

Daily Monetary Policy Shocks and the Delayed Response of New Home Sales

Discussant: JOHN COCHRANE, University of Chicago and NBER

2:40 PM Break

3:00 PM GLENN RUDEBUSCH and JOHN WILLIAMS, Federal Reserve Bank of San Francisco

Revealing the Secrets of the Temple:

The Value of Publishing Central Bank Interest Rate Projections

Discussant: WILLIAM ENGLISH, Federal Reserve Board

4:00 PM STEFANO EUSEPI, Federal Reserve Bank of New York

BRUCE PRESTON, Columbia University

Central Bank Communication and Expectations Stabilization

Discussant: CHRISTOPHER SIMS, Princeton University and NBER

5:00 PM Adjourn

4/6/07