MONDAY, JULY 9

 

 

 

 

 

 

 

9:00 am

IFM

LEE OHANIAN, UC, Los Angeles and NBER

 

 

MARK WRIGHT, Federal Reserve Bank of Minneapolis

 

 

International Capital Mobility: 1950-2006

 

 

 

 9:15 am

DAE

FARLEY GRUBB, University of Delaware and NBER

 

 

The Continental Dollar—Part 1: How Much Was Issued?

 

 

 

10:20 am

DAE

BEN CHABOT, University of Michigan and NBER

 

 

How Costly Were the Banking Panics of the Gilded Age?

 

 

 

10:00 am

IFM

SIRSHA CHATTERJEE and KANDA NAKNOI, Purdue University

 

 

Marginal Product of Capital, Capital Flows and Convergence

 

 

 

11:25 am

DAE

KRIS JAMES MITCHENER, Santa Clara University and NBER

 

 

MARC WEIDENMIER, Claremont McKenna College and NBER

 

 

Are Hard Pegs Credible in Emerging Markets? Lessons from the Classical Gold Standard

 

 

 

1:00 pm

ME

OLIVIER BLANCHARD, MIT and NBER

 

 

JORDI GALÍ, Universitat Pompeu Fabra and NBER

 

 

The Macroeconomic Effects of Oil Price Shocks:  Why are the 2000s So Different from the 1970s?

 

 

 

 1:15 pm

DAE

ANN CARLOS, University of Colorado

 

 

KIRSTEN WANDSCHEIDER, Middlebury College

 

 

LARRY NEAL, University of Illinois and NBER

 

 

Trading Connections in Bank of England Shares, 1720: The Role of Market Makers

 

 

 

1:55 pm

 

Michele Cavallo, Federal Reserve Bank of San Francisco

 

 

TAO WU, Federal Reserve Bank of Dallas

 

 

Measuring Oil-Price Shocks Using Market-Based Information

 

 

 

2:20 pm

DAE

ERIC HILT, Wellesley College and NBER

 

 

Wall Street’s First Corporate Governance Crisis: The Conspiracy Trials of 1826

 

 

3:05 pm

ME

LUCA BENATI, European Central Bank

 

 

PAOLO SURICO, Bank of England

 

 

VAR Analysis and the Great Moderation

 

 

 

3:25 pm

DAE

ALKA GANDHI, Lycoming College

 

 

THOMAS WEISS, University of Kansas and NBER

 

 

The American Invasion of Europe: The Long Term Rise in Overseas Travel, 1820-2000

TUESDAY, JULY 10:

 

 

 

 

 

 

8:30 am

EFWW

TODD CLARK, Federal Reserve Bank of Kansas City

 

 

MICHAEL MCCRACKEN, Federal Reserve Board

 

 

Tests of Equal Predictive Ability with Real-Time Data

 

 

 

 9:00 am

DAE

SHI-TSE LO, Concordia University

 

 

DHANOOS SUTTHIPHISAL, McGill University and NBER

 

 

Knowledge Diffusion and Cross-Over Inventions: Evidence from the Electrical Industries, 1890-1910

 

 

 

9:00 am

IFM

JAN GROEN, Bank of England

 

 

Fundamentals Based Exchange Rate Prediction Revisited

 

 

 

9:45 am

EFWW

RAFFAELLA GIACOMINI, UC, Los Angeles

 

 

BARBARA ROSSI, Duke University

 

 

Model Selection and Forecast Comparison in Unstable Environments

 

 

 

10:05 am

DAE

JEREMY ATACK, Vanderbilt University and NBER

 

 

ROBERT MARGO, Boston University and NBER

 

 

Mapping the Diffusion of American Railroads in the 19th Century

 

 

 

10:40 am

IFM

MARCEL FRATZSCHER, European Central Bank

 

 

US Shocks and Global Exchange Rate Configurations

 

 

 

11:00 am

EFWW

TANYA MOLODTSOVA and DAVID PAPELL University of Houston

 

 

Out-of-Sample Exchange Rate Predictability with Taylor Rule Fundamentals

 

 

 

11:10 am

DAE

FRANCISCO GALLEGO, Catholic University of Chile

 

 

MIRIAM BRUHN, MIT

 

 

Good, Bad, and Ugly Colonial Activities: Studying Development Across the Americas

 

 

 1:00 pm

DAE

DOUGLAS IRWIN, Dartmouth College and NBER

 

 

Trade Restrictiveness and Deadweight Losses from U.S. Tariffs, 1859-1961

 

 

 

1:00 pm

ME

Discussion with BEN S. BERNANKE, Chairman, Board of Governors of the Federal Reserve System

 

 

 

 2:10 pm

DAE

KANDA NAKNOI, Purdue University

 

 

Tariffs and the Expansion of the American Pig Iron Industry, 1870-1940

 

 

 

3:00 pm

ME

KENNETH KUTTNER, Oberlin College and NBER

 

 

ADAM POSEN, Peterson Institute for International Economics

 

 

Do Markets Care Who Chairs the Central Bank?

 

 

 

 3:15 pm

DAE

CHRISTOPHER KINGSTON, Amherst College

 

 

Marine Insurance in Philadelphia during the Quasi-War with France, 1795-1801

 

 

 

WEDNESDAY, JULY 11:

 

 

 

 

 

 

8:30 am

EFWW

TORBEN ANDERSEN, Northwestern University and NBER

 

 

TIM BOLLERSLEV, Duke University and NBER

 

 

NOUR MEDDAHI, Imperial College

 

 

Realized Volatility Forecasting and Market Microstructure Noise

 

 

 

 9:00 am

DAE

MARC LAW, University of Vermont

 

 

MINDY MARKS, UC, Riverside

 

 

Effects of Occupational Licensing Laws on Minorities: Evidence from the Progressive Era

 

 

 

9:00 am

IFM

INDRIT HOXHA, University of Houston

 

 

SEBNEM KALEMLI-OZCAN, University of Houston and NBER

 

 

DIETZ VOLLRATH, University of Houston

 

 

International Financial Integration, Allocative Efficiency and Economic Growth

 

 

 

9:45 am

EFWW

ALEXEI ONATSKI, Columbia Univeristy

 

 

A Formal Statistical Test for The Number of Factors in the  Approximate Factor Models

 

 

 

10:05 am

DAE

ROLAND FRYER, Harvard University and NBER

 

 

STEVEN LEVITT, University of Chicago and NBER

 

 

Hatred, Profits, and Politics: Getting under the Hood of the Ku Klux Klan

 

 

10:40 am

IFM

MARIA GIDUSKOVA and BORJA LARRAIN, Federal Reserve Bank of Boston

 

 

International Risk-Taking, Volatility and Consumption Growth

 

 

 

11:00 am

EFWW

CATHERINE DOZ, Université Cergy-Pontoise

 

 

DOMENICO GIANNONE, Université Libre de Bruxelles

 

 

LUCREZIA REICHLIN, European Central Bank

 

 

A Quasi Maximum Likelihood Approach for Large Approximate Dynamic Factor Models

 

 

 

11:10 am

DAE

PAUL RHODE, University of Arizona and NBER

 

 

ALAN OLMSTEAD, UC, Davis

 

 

FABIAN LANGE, Yale University

 

 

The Impact of the Boll Weevil, 1892-1940

 

 

 

 1:00 pm

DAE

TOMAS CVRCEK, Clemson University

 

 

Mothers, Wives, and Workers: The Dynamics of White Fertility, Marriage and Women’s Labor Supply in the United States, 1870-1930

 

 

 

1:00 pm

ME

MARK ZBARACKI, University of Pennsylvania

 

 

MARK BERGEN, University of Minnesota

 

DANIEL LEVY, Bar-Ilan University

 

 

The Anatomy of a Price Cut:  Discovering Organizational Sources of the Costs of Price Adjustment

 

 

 

1:55 pm

ME

CHRISTIAN BRODA, University of Chicago and NBER

 

 

DAVID WEINSTEIN, Columbia University and NBER

 

 

Product Creation and Destruction:  Evidence and Price Implications

 

 

 

2:00 pm

IASE

STEPHEN HABER, Stanford University and NBER

 

 

The Political Economy of Banking Development:  Evidence from the Economic History of the Americas

 

 

 

 2:10 pm

DAE

TBA

 

 

 

3:00 pm

IASE

LUIS FELIPE LÓPEZ-CALVA, Stanford University

 

 

The Inequality Trap and its Links to Low Growth in Mexico

 

 

 

3:05 pm

ME

Discussion of Recent Developments in the Conduct of Monetary Policy

 

 

in Scandinavia

 

 

LARS E. O. SVENSSON, Princeton University, and NBER

 

 

KNUT ANTON MORK, Handelsbanken Capital Markets

 

 

FRANCESCO GIAVAZZI, Università Bocconi and NBER

 

 

 

 3:15 pm

DAE

TREVON LOGAN, Ohio State University and NBER

 

 

Economies of Scale in the Household: Evidence and Implications from the American Past

 

 

 

4:00 pm

IASE

MARIANO TOMMASI, University of San Andrés

 

 

Political Institutions, Policymaking Processes and Policy Outcomes in Argentina

 

 

 

THURSDAY, JULY 12:

 

 

 

8:30 am

EFWW

SEAN CAMPBELL and STEVEN SHARPE, Federal Reserve Board

 

 

Anchoring Bias In Consensus Forecasts And Its Effect on Market Prices

 

 

 

 9:00 am

DAE

RICHARD HORNBECK, MIT

 

 

Good Fences Make Good Neighbors: Evidence on the Effects of Property Rights

 

 

 

9:00 am

IASE

SEBASTIAN EDWARDS, UC, Los Angeles and NBER

 

 

Latin America: No Crisis, No Growth

 

 

 

9:00 am

IFM

GIANCARLO CORSETTI, European University Institute

 

 

PHILIPPE MARTIN, Université Paris-I Panthéon-Sorbonne

 

PAOLO PESENTI, Federal Reserve Bank of New York and NBER

 

 

Varieties and the Transfer Problem: the Extensive Margin of Current Account Adjustment

 

 

 

9:45 am

EFWW

MIKHAIL CHERNOV, London Business School

 

 

PHILLIPE MUELLER, Columbia University

 

 

The Term Structure of Inflation Forecasts

 

 

 

10:00 am

IASE

ANIL KASHYAP, University of Chicago and NBER

 

 

Zombie Lending and Depressed Restructuring in Japan

 

 

 

10:05 am

DAE

CAROLYN MOEHLING, Rutgers University and NBER

 

 

ANNE MORRISON PIEHL, Rutgers University and NBER

 

 

Immigration and Crime in Early 20th Century America

 

 

 

10:40 am

IFM

VIRAL ACHARYA, London Business School

 

 

HYUN SONG SHIN, Princeton University

 

 

TANJU YORULMAZER

 

 

Fire-Sale FDI

 

 

 

11:00 am

EFWW

ANDREW PATTON, London School of Economics

 

 

ALLAN TIMMERMANN, UC, San Diego

 

 

How Fast is Macroeconomic Uncertainty Resolved? Theory and Empirical Evidence from the Term Structure of Forecast Errors

 

 

 

11:10 am

DAE

JESUS VIEJO, Boston University

 

 

Migration, Sex Ratios and Violent Crime: Evidence from Mexico’s Municipalities

 

 

 

1:00 pm

AP

MARK BROADIE, Columbia University

 

 

MIKHAIL CHERNOV, London Business School

 

 

MICHAEL JOHANNES, Columbia University

 

 

Understanding Index Option Returns

 

 

 

1:00 pm

EFSF

XIAOHONG CHEN and JACK FAVALUKIS, New York University

 

 

SYDNEY LUDVIGSON, New York University and NBER

 

 

An Estimation of Economic Models with Recursive Preferences

 

 

 

1:00 pm

ME

SIMON GILCHRIST, Boston University and NBER

 

 

EGON ZAKRAJSEK, Federal Reserve Board

 

 

Investment and the Cost of Capital: New Evidence from the Corporate Bond Market

 

 

 

1:55 pm

ME

THOMAS PHILIPPON, New York University and NBER

 

 

The Y-Theory of Investment

 

 

 

2:00 pm

EFSF

YURIY GORODNICHENKO, UC, Berkeley

 

 

SERENA NG, University of Michigan

 

 

Estimation of DSGE Models When the Data are Nonstationary

 

 

 

2:15 pm

AP

TIM BOLLERSLEV, Duke University and NBER

 

 

HAO ZHOU, Federal Reserve Board

 

 

Expected Stock Returns and Variance Risk Premia

 

 

 

3:30 pm

AP

JOSHUA COVAL, Harvard University and NBER

 

 

JAKUB JUREK and ERIK STAFFORD, Harvard University

 

 

Economic Catastrophe Bonds

 

 

 

3:30 pm

EFSF

N. GREGORY MANKIW, Harvard University and NBER

 

 

RICARDO REIS, Princeton University and NBER

 

 

Sticky Information in General Equilibrium

 

 

 

3:05 pm

ME

PETER KLENOW, Stanford University and NBER

 

 

JONATHAN WILLIS, Federal Reserve Bank of Kansas City

 

 

Sticky Information and Sticky Prices

 

 

 

 

 

 

4:30 pm

EFSF

MARK GERTLER, New York University and NBER

 

 

LUCA SALA and ANTONELLA TRIGARI, Bocconi University

 

 

An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining

 

 

 

FRIDAY, JULY 13:

 

 

 

8:30 am

AP

NICOLAE GARLEANU, University of Pennsylvania and NBER

 

 

STAVROS PANAGEAS, University of Pennsylvania

 

 

Young, Old, Conservative and Bold: The Implications of Heterogeneity and Finite Lives for Asset Pricing

 

 

 

8:30 am

EFWW

FRANK KLEIBERGEN and SOPHOCLES MAVROEIDIS, Brown University

 

 

Subset Tests in GMM without Assuming Identification

 

 

 

9:00 am

EFJK

ELLEN MCGRATTAN, Federal Reserve Bank of Minneapolis and NBER

 

 

EDWARD PRESCOTT, Arizona State University and NBER

 

 

Openness, Technology Capital, and Development

 

 

 

9:00 am

IFM

PINELOPI GOLDBERG, Yale University and NBER

 

 

REBECCA HELLERSTEIN, Federal Reserve Bank of New York and NBER

 

 

A Framework for identifying the Sources of Local-Currency Price Stability with an Empirical Application

 

 

 

9:45 am

AP

GEORG KALTENBRUNNER and LARS LOCHSTOER

 

 

London Business School

 

 

Long-Run Risk through Consumption Smoothing

 

 

 

9:45 am

EFWW

ANNA MIKUSHEVA, MIT

 

 

Uniform Inference in Autoregressive Models

 

 

 

10:15 am

EFJK

ROC ARMENTER, Federal Reserve Bank of New York

 

 

AMARTYA LAHIRI, University of British Columbia

 

 

Endogenous Productivity and Development Accounting

 

 

 

10:40 am

IFM

PATRICK KEHOE and VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis and NBER

 

 

Can Heterogeneity in Price Stickiness Account for the Dispersion in the Law of One Price Deviations?

 

 

 

11:00 am

AP

GUILLAUME PLANTIN, London Business School

 

 

HYUN SONG SHIN, Princeton University

 

 

Carry Trades and Speculative Dynamics

 

 

 

11:00 am

EFWW

ULRICH MÜLLER, Princeton University

 

 

MARK WATSON, Princeton University and NBER

 

 

Low-Frequency Robust Cointegration Testing

 

 

 

11:15 am

EFJK

LAURA ALFARO, Harvard University and NBER

 

 

ANDREW CHARLTON, London School of Economics

 

 

FABIO KANCZUK, Universidad de Sao Paolo

 

 

Firm-Size Distribution and Cross-Country Income Differences

 

 

 

1:00 pm

AP

GERARD HOBERG, University of Maryland

 

 

IVO WELCH, Brown University and NBER

 

 

Long-term and short-term market betas in securities prices

 

 

 

1:00 pm

ME

YURIY GORODNICHENKO, UC, Berkeley

 

 

Endogenous Information, Menu Costs and Inflation Persistence

 

 

 

1:00 pm

EFSF

ROGER FARMER, UC, Los Angeles and NBER

 

 

DANIEL WAGGONER and TAO ZHA, Federal Reserve Bank of Atlanta

 

 

Understanding New Keynesian Models When Monetary Policy Switches Regimes

 

 

 

1:15 pm

EFJK

JAMES FEYRER, Dartmouth College

 

 

BRUCE SACERDOTE, Dartmouth College and NBER

 

 

Colonialism and Modern Income -- Islands as Natural Experiments

 

 

 

1:55 pm

ME

ROBERT HALL, Stanford University and NBER

 

 

Equilibrium Sticky Prices

 

 

 

2:00 pm

EFSF

SOPHOCLES MAVROEIDIS, Brown University

 

 

Testing for Indeterminacy in U.S. Monetary Policy

 

 

 

2:15 pm

AP

LAUREN COHEN, Yale University

 

 

ANDREA FRAZZINI, University of Chicago and NBER

 

 

CHRISTOPHER MALLOY, London Business School

 

 

The Small World of Investing: Board Connections and Mutual Fund Returns

 

 

 

2:30 pm

EFJK

FRANCISCO BUERA, Northwestern University

 

 

JOSEPH KABOSKI, Ohio State University

 

 

Scale and the Origins of Structural Change

 

 

 

3:05 pm

ME

RICARDO REIS and MARK WATSON, Princeton University and NBER

 

 

Measuring Changes in the Value of the Numeraire

 

 

 

3:30 pm

AP

RALPH KOIJEN, Tilburg University

 

 

OTTO VAN HEMERT, New York University

 

 

STIJN VAN NIEUWERBURGH, New York University and NBER

 

 

Mortgage Timing

 

 

 

3:30 pm

EFJK

DARON ACEMOGLU, MIT and NBER

 

 

UFUK AKCIGIT, MIT

 

 

State-Dependent Intellectual Property Rights Policy

 

 

 

3:30 pm

EFSF

GLENN RUDEBUSCH, Federal Reserve Bank of San Francisco

 

 

BRIAN SACK Federal Reserve Board

 

 

ERIC SWANSON, Federal Reserve Bank of San Francisco

 

 

Macroeconomic Implications of Changes in the Term Premium

 

 

 

4:30 pm

EFSF

KAI CHRISTOFFEL, GUENTER COENEN and ANDERS WARNE, European Central Bank

 

 

Conditional and Unconditional Forecasting with the New Area-Wide Model of the Euro Area

 

 

 

SATURDAY, JULY 14:

 

 

 

9:00 am

EFG

RICHARD ROGERSON, Arizona State University and NBER

 

 

JOHANNA WALLENIUS, Arizona State University

 

 

Micro and Macro Elasticities in a Life Cycle Model with Taxes

 

 

 

10:30 am

EFG

ENRIQUE MENDOZA, University of Maryland and NBER

 

 

VINCENZO QUADRINI, University of Southern California and NBER

 

 

JOSE-VICTOR RIOS-RULL, University of Pennsylvania and NBER

 

 

Financial Integration, Financial Deepness and Global Imbalances

 

 

 

11:30 am

EFG

WILLIAM DUPOR, JING HAN and YI CHAN TSAI, Ohio State University

 

 

What do Technology Shocks Tell Us about the New Keynesian Paradigm?

 

 

 

1:30 pm

EFG

DARON ACEMOGLU and SIMON JOHNSON, MIT and NBER

 

 

Disease and Development:  The Effect of Life Expectancy on Economic Growth

 

 

 

3:00 pm

EFG

NIR JAIMOVICH, Stanford University

 

 

HENRY SIU, University of British Columbia

 

 

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

 

 

 

4:00 pm

EFG

GUIDO MENZIO, University of Pennsylvania

 

 

A Search Theory of Rigid Prices