Authors, please upload your paper here.

 

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2012

Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

 

July 9-13, 2012

 

Royal Sonesta Hotel
Charles B
40 Edwin H. Land Blvd.
Cambridge, MA

 

PROGRAM

 

Monday, July 9:

8:30 am

Coffee and pastries


9:00 am


Nir Jaimovich, Duke University and NBER
Henry E. Siu, University of British Columbia and NBER
The Trend is the Cycle: Job Polarization and Jobless Recoveries

10:00 am

Break


10:15 am


Jordi Gali, CREI and NBER
Frank Smets, European Central Bank

Raf Wouters, National Bank of Belgium
Slow Recoveries: A Structural Interpretation

11:15 am

Break


11:30 am


Francesco Bianchi, Duke University
Leonardo Melosi,
London Business School
Dormant Shocks and Fiscal Virtue

12:30 pm

Adjourn and lunch

Tuesday, July 10:

8:30 am

Coffee and pastries


9:00 am


R. Anton Braun, Federal Reserve Bank of Atlanta
Tomoyuki Nakajima, Kyoto University
Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis..

10:00 am

Break


10:15 am


Olivier Jeanne, Johns Hopkins University and NBER
Anton Korinek, University of Maryland and NBER
Macroprudential Regulation Versus Mopping Up After the Crash

11:15 am

Break


11:30 am


Patrick A. Pintus, Aix-Marseille University
Jacek Suda,
Paris School of Economics

Learning Financial Structural Change and the Great Recession

12:30 pm

Adjourn and lunch

7:30 pm

Dinner - Legal Sea Foods at Kendall Square

Wednesday, July 11:

8:30 am

Coffee and pastries


9:00 am


Olivier Coibion, College of William and Mary and NBER
Yuriy Gorodnichenko, University of California at Berkeley and NBER
Gee Hee Hong, University of California at Berkeley
The Cyclicality of Effective Prices: Sales, Store-Switching and the Mismeasurement of Inflation

10:00 am

Break

10:15 am

Fernando Alvarez, University of Chicago and NBER
Francisco Lippi, University of Sassari
Luigi Paciello, Einaudi Institute for Economics and Finance
Monetary Shocks with Observation and Menu Costs

11:15 am

Break

11:30 am

Filip Matejka, Princeton University
Rationally Inattentive Seller: Sales and Discrete Pricing

12:30 pm

Adjourn and lunch

6:00 pm

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

Thursday, July 12:

8:30 am

Coffee and pastries


9:00 am


Emi Nakamura, Columbia University and NBER
Dmitriy Sergeyev, Columbia University
Jon Steinsson, Columbia University and NBER
Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence

10:00 am

Break


10:15 am


Steve Davis, University of Chicago and NBER
Scott Baker, Stanford University
Nicholas Bloom, Stanford University and NBER
Measuring Economic Policy Uncertainty


11:30 am


Xavier Gabaix, New York University and NBER
Sparse Dynamic Programming and Aggregate Fluctuations

12:30 pm

Adjourn and lunch

Friday, July 13:


8:30 am


Coffee and pastries


9:00 am


Gauti Eggertsson, Federal Reserve Bank of New York
Deficits, Public Debt Dynamics, and Tax and Spending Multipliers

10:00 am

Break

10:15 am

Johannes Wieland, University of California at Berkeley
Are Negative Supply Shocks Expansionary at the Zero Lower Bound?

11:15 am

Break

 

 

11:30 am

Narayana R. Kocherlakota, Federal Reserve Bank of Minneapolis and NBER
Incomplete Labor Markets

12:30 pm

Adjourn and lunch