Sixth Annual Conference on Macroeconomics Across Time and Space

Friday, May 18, and Saturday, May 19, 2012

Federal Reserve Bank of Philadelphia and the NBER

Organizers: Marina Azzimonti and Satyajit Chatterjee (FRB Philadelphia) and Jeremy Greenwood and Lee Ohanian (NBER)
 
Friday, May 18

1:00 - 2:40 p.m.

Ideas and Growth
“Knowledge Growth and the Allocation of Time,” Robert E. Lucas Jr. (Chicago) and Benjamin Moll (Princeton)

“Idea Flows, Economic Growth, and Trade,” Fernando Alvarez (Chicago), Francisco J. Buera (UCLA), and Robert E. Lucas Jr.  (Chicago)

Break: 20 Minutes
 

3:00 - 4:40 p.m.

Productivity
“Allocation of Talent and U.S. Economic Growth,”  Chang-Tai Hsieh (Chicago), Erik Hurst (Chicago), Chad I. Jones (Stanford), and Peter J. Klenow (Stanford)

“The Agricultural Productivity Gap in Developing Countries,’’ Douglas Gollin (Williams), David Lagakos (ASU), and Michael E. Waugh (NYU)
 Break: 20 Minutes

5:00 - 6:15 p.m.

Distinguished Speaker:  “The Labor Productivity Puzzle,” Edward C. Prescott (ASU)

7:30 p.m.

Dinner



Saturday, May 19

8:30 a.m.

Continental Breakfast
 

9:00 - 10:40 a.m.

Finance
“Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation, ” Thomas Philippon (NYU)


“If Financial Development Matters, Then How? National Banks in the United States 1870–1900,” Scott Fulford (Boston College)

Break: 20 Minutes

11:00 a.m. - 12:40 p.m.

World Wars
“Government Policy Response to War-Expenditure Shocks,” Fernando Martin (St. Louis Fed)

 “Optimal Fertility During World War I,” Guillaume Vandenbroucke (USC)

12:45 - 2:25 p.m.

Lunch
Distinguished Speaker: “On the Measure of  Distortions,” Hugo Hopenhayn (UCLA)

2:30 - 4:10 p.m.

Transitions
“On the Relationship Between Mobility, Population Growth, and Capital Spending in the United States,” Marco Bassetto (Chicago Fed) and Leslie McGranahan (Chicago Fed)

“Industrialization in Russia Through the Lens of Neoclassical Growth Theory,” Anton Cheremukhin (Dallas Fed), Mikhail Golosov (Princeton), Sergei Guriev (NES), and Aleh Tsyvinski (Yale)
Adjourn