NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2008

 

Monetary Economics Workshop

 

Christina Romer and David Romer, Organizers

 

Royal Sonesta Hotel

Charles B Room

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

July 7 - 11, 2008

 

PROGRAM

 

MONDAY, JULY 7:

 

 

12:00 n

Lunch

 

 

 1:00 pm

DOIREANN FITZGERALD, Stanford University

 

Exchange Rates and Producer Prices:  Evidence From Micro-Data

 

 

 1:55 pm

GITA GOPINATH, Harvard University and NBER

 

OLEG ITSKHOKI, Harvard University

 

Frequency of Price Adjustment and Pass-through

 

 

 2:50 pm

Break

 

 

 3:05 pm

DAVID GREENLAW, Morgan Stanley

 

JAN HATZIUS, Goldman Sachs

 

ANIL K KASHYAP, University of Chicago and NBER

 

HYUN SONG SHIN, Princeton University

 

Leveraged Losses: Lessons from the Mortgage Market Meltdown

 

 

 4:00 pm

Adjourn

 

 

TUESDAY, JULY 8:

 

 

12:00 n

Lunch

 

 

 1:00 pm

TIMOTHY BESLEY, NEIL MEADS and PAOLO SURICO, Bank of England

 

Household External Finance and Consumption

 

 

 1:55 pm

FRANCESCO GIAVAZZI, Bocconi University and NBER

 

MICHAEL McMAHON, London School of Economics

 

Policy Uncertainty and Precautionary Savings

 

 

 2:50 pm

Break

 

 

3:05 pm

JAN EBERLY and SERGIO REBELO, Northwestern University and NBER

 

NICOLAS VINCENT, HEC Montréal

 

Investment and Value:  A Neoclassical Benchmark

 

 

 4:00 pm

Adjourn

 

 

WEDNESDAY, JULY 9:

 

 

12:00 n

Lunch

 

 

 1:00 pm

PIERPAOLO BENIGNO, LUISS Guido Carli and NBER

 

LUCA ANTONIO RICCI, International Monetary Fund

 

The Inflation-Unemployment Trade Off at Low Inflation

 

 

 1:55 pm

MARTIN EICHENBAUM, Northwestern University and NBER

 

NIR JAIMOVICH, Stanford University and NBER

 

SERGIO REBELO, Northwestern University and NBER

 

Reference Prices and Nominal Rigidities

 

 

 2:50 pm

Break

 

 

 3:05 pm

S. BORAĞAN ARUOBA, University of Maryland

 

FRANK SCHORFHEIDE, University of Pennsylvania and NBER

 

Insights from an Estimated Search-Based Monetary Model with Nominal Rigidities

 

 

 4:00 pm

Adjourn

 

 

 6:00 pm

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

 

 

THURSDAY, JULY 10:

 

 

12:00 n

Lunch

 

 

 1:00 pm

Discussion with LAWRENCE SUMMERS, Harvard University and NBER

 

Recent Developments in Financial Markets

 

 

 2:30 pm

Break

 

 

 3:00 pm

JOHN B. TAYLOR, Stanford University and NBER

 

JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco

 

A Black Swan in the Money Market

 

 

 3:55 pm

Adjourn

 

 

FRIDAY, JULY 11:

 

 

12:00 n

Lunch

 

 

 1:00 pm

VALERIE RAMEY, UC, San Diego and NBER

 

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

 

 

 1:55 pm

BETSEY STEVENSON, University of Pennsylvania

 

JUSTIN WOLFERS, University of Pennsylvania and NBER

 

Economic Growth and Subjective Well-Being:  Reassessing the Easterlin Paradox

 

 

 2:50 pm

Break

 

 

 3:05 pm

MARK AGUIAR, University of Rochester and NBER

 

ERIK HURST, University of Chicago and NBER

 

Deconstructing Lifecycle Expenditure

 

 

 4:00 pm

Adjourn

 

 

 

 

 

 

5/5/08