Authors, please upload your paper here

 

 

 

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

                         

 

MONETARY ECONOMICS  PROGRAM MEETING

 

 

 

Nicholas Bloom and James Stock, Organizers

 

 

 

November 6, 2009

 

 

 

Royal Sonesta Hotel

 

Riverfront Room 

 

40 Edwin H. Land Boulevard

 

Cambridge, Massachusetts

 

 

 

PROGRAM

 

 

 

THURSDAY, NOVEMBER 5, 2009

 

 

6:30 pm

Dinner

 

Bambara Restaurant at Hotel Marlowe

 

25 Edwin H. Land Boulevard (Across the street from Royal Sonesta Hotel)

 

Cambridge, MA

 

 

FRIDAY, NOVEMBER 6, 2009

 

 

8:30 am

Continental Breakfast

 

 

9:00 am

GLENN RUDEBUSCH and ERIC SWANSON,

 

Federal Reserve Bank of San Francisco

 

The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks

 

 

 

Discussant:  MARC GIANNONI, Columbia University and NBER

 

 

10:00 am

Break

 

 

10:20 am

SCOTT BORGER, Office of Immigration Statistics

 

JAMES HAMILTON, UC, San Diego and NBER

 

SETH PRUITT, Federal Reserve Bank

 

The Market-Perceived Monetary Policy Rule

 

 

 

Discussant:  JONATHAN WRIGHT, John Hopkins University

 

 

11:20 am

Break

 

 

11:40 am

Panel Discussion: Implications of 2007-2009 for Monetary Economics Models

 

Panelists:

 

LAWRENCE CHRISTIANO, Northwestern University and NBER

 

DAVID ROMER, UC, Berkeley and NBER

 

CHRISTOPHER SIMS, Princeton University and NBER

 

 

12:40 pm

Lunch- Somerset Room

 

 

 

 

1:40 pm

FRANCOIS GOURIO, Boston University and NBER

 

Disaster Risk and Business Cycles

 

 

 

Discussant:  XAVIER GABAIX, New York University and NBER

 

 

2:40 pm

Break

 

 

3:00 pm

MANUEL ADELINO, MIT

 

KRISTOPHER GERARDI, Federal Reserve Bank of Atlanta

 

PAUL WILLEN, Federal Reserve Bank of Boston and NBER

 

Why Don’t Lenders Renegotiate More Home Mortgages? Redefaults, Self-Cures and Securitization

 

 

 

Discussant: AMIT SERU, University of Chicago

 

 

4:00 pm

JOHN DRISCOLL and RUTH JUDSON, Federal Reserve Board

 

Sticky Deposit Rates: Data and Implications for Models of Price Adjustment

 

 

 

Discussant:  JULIO ROTEMBERG, Harvard University and NBER

 

 

5:00 pm

Adjourn

 

 

10/1/09