NATIONAL BUREAU OF ECONOMIC RESEARCH

 

SUMMER INSTITUTE 2010

 

Monetary Economics Workshop

 

July 12 - 16, 2010

 

David Romer, Organizer

 

Royal Sonesta Hotel

Charles Suite A

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

 

MONDAY, JULY 12:

 

 

12:00 pm

Lunch

 

 

1:00 pm

Pierpaolo Benigno, LUISS Guido Carli and NBER

 

Luca A. Ricci, International Monetary Fund

 

Paolo Surico, London Business School

 

Unemployment and Productivity in the Long Run: the Role of Macroeconomic Volatility

 

 

1:55 pm

Christopher J. Nekarda, Federal Reserve Board

 

Valerie A. Ramey, UC, San Diego and NBER

 

The Cyclical Behavior of the Price-Cost Markup

 

 

2:50 pm

Break

 

 

3:05 pm

Pedro S. Martins, University of London

 

Gary Solon, Michigan State University and NBER

 

Jonathan Thomas, University of Edinburgh

 

Measuring What Employers Really Do about Entry Wages over the Business Cycle

 

 

4:00 pm

Adjourn

 

 

TUESDAY, JULY 13:

 

 

12:00 pm

Lunch

 

 

1:00 pm

Marc Giannoni and Michael Woodford, Columbia University and NBER

 

Optimal Target Criteria for Stabilization Policy

 

 

1:55 pm

Ricardo Reis, Columbia University and NBER

 

When Should Policymakers Make Announcements?

 

 

2:50 pm

Break

 

 

3:05 pm

Ruediger Bachmann, University of Michigan

 

Steffen Elstiner, IFO Institute

 

Eric Sims, University of Notre Dame and NBER

 

Uncertainty and Economic Activity: Evidence from Business Survey Data

 

 

4:00 pm

Adjourn

 

 

WEDNESDAY, JULY 14:

 

 

12:00 pm

Lunch

 

 

1:00 pm

Yuriy Gorodnichenko, UC, Berkeley and NBER

 

Olivier Coibion, College of William and Mary

 

Johannes Wieland, UC, Berkeley

 

The Optimal Inflation Rate in New Keynesian Models

 

 

1:55 pm

Martin Bodenstein, Federal Reserve Board

 

James S. Hebden, Federal Reserve Board

 

Ricardo Nunes, Federal Reserve Board

 

Imperfect Credibility and the Zero Lower Bound on the Nominal Interest Rate

 

 

2:50 pm

Break

 

 

3:05 pm

Jordi Gali, Universitat Pompeu Fabra and NBER

 

Frank Smets, European Central Bank

 

Raf Wouters, National Bank of Belgium

 

Unemployment in an Estimated New Keynesian Model

 

 

4:00 pm

Adjourn

 

 

6:00 pm

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

 

 

THURSDAY, JULY 15:

 

 

12:00 pm

Lunch

 

 

1:00 pm

Gabriel Jimenez, Banco de España

 

Steven Ongena, Tilburg University

 

Jose-Luis Peydro, European Central Bank

 

Jesus Saurina, Banco de España

 

Credit Supply: Identifying Balance-Sheet Channels with Loan Applications and Granted Loans

 

 

1:55 pm

Break

 

 

2:10 pm

Discussion with Christina Romer, Chair, Council of Economic Advisers

 

(this discussion will be held in Ballroom B in the West Tower)

 

 

3:40 pm

Adjourn

 

 

FRIDAY, JULY 16:

 

 

12:00 pm

Lunch

 

 

1:00 pm

David Lopez-Salido and Edward Nelson, Federal Reserve Board

 

Postwar Financial Crises and Economic Recoveries in the United States

 

 

1:55 pm

Andrew Jalil, UC, Berkeley

 

A New History of Banking Panics in the United States, 1825-1929: Construction and Implications

 

 

2:50 pm

Break

 

 

3:05 pm

Jeremy C. Stein, Harvard University and NBER

 

Monetary Policy as Financial-Stability Regulation

 

 

4:00 pm

Adjourn

 

 

 

 

6/24/10