| Thursday,
  February 6:
 
 | 
 
  | 6:30
  pm | Group
  DinnerFederal Reserve Bank of New York (participants must enter at 44 Maiden Lane)
 1st Floor, Liberty Room
 
 
 | 
 
  | Friday,
  February 7:
 
 | 
 
  | 8:30
  am | Continental Breakfast | 
 
  | 9:00 am
 | Charles Carlstrom, Federal Reserve Bank of
  Cleveland
 Timothy Fuerst, University of Notre Dame
 Matthias Paustian, Federal Reserve Board
 Targeting Long Rates in a Model
  with Segmented Markets
 
 Discussant:  Mark Gertler,
  New York University and NBER
 
 
 | 
 
  | 10:00
  am | Break | 
 
  | 10:30 am
 | Fernando Alvarez, University of Chicago and NBER
 Herve Le Bihan, Banque de France
 Francesco Lippi, EIEF
 Small
  and Large Price Changes and the Propagation of Monetary Shocks
 
 Discussant:  Virgiliu
  Midrigan, New York University and NBER
 | 
 
  | 11:30 am
 | Bill Dupor, Federal Reserve Bank of St. Louis
 Rong Li, Ohio State University
 The 2009 Recovery Act and the Expected Inflation
  Channel of Government Spending
 
 Discussant:  Gauti
  Eggertsson, Brown University and NBER
 
 
 | 
 
  | 12:30
  pm | Lunch
  - 1st Floor, Liberty Room | 
 
  | 1:30 pm
 | Roger Farmer, University of California at Los Angeles and NBER
 Carine Nourry, University
  of the Mediterranean
 Alain Venditti, University of the Mediterranean
 The Inefficient Markets Hypothesis:
  Why Financial Markets Do Not Work Well in the Real World
 
 Discussant:  Nobuhiro
  Kiyotaki, Princeton University and NBER
 
 
 | 
 
  | 2:30
  pm | Break | 
 
  | 3:00 pm
 | Gabriel Chodorow-Reich, Harvard University
 Loukas Karabarbounis,
  University of Chicago and NBER
 The Cyclicality of the
  Opportunity Cost of Employment
 
 Discussant:  Robert Hall, Stanford
  University and NBER
 | 
 
  | 4:00 pm
 | Anna Orlik, Federal Reserve Board
 Laura Veldkamp, New York University and NBER
 Understanding Uncertainty Shocks and the Role
  of Black Swans
 
 Discussant:  Jennifer La'O, Columbia University and NBER
 
 
 | 
 
  | 5:00
  pm | Adjourn
 
 
 
 |