Eighth Annual Conference on Macroeconomics across Time and Space

Federal Reserve Bank of Philadelphia and the NBER

Organizers: Marina Azzimonti (FRBP), Satyajit Chatterjee (FRBP), Jeremy Greenwood (Penn and NBER) and Lee Ohanian (UCLA and NBER)

Friday, May 2

Financial Frictions and Exchange Rate Dynamics: 11:00 AM –12:30 PM

1. Xavier Gabaix and Matteo Maggiori, “International Liquidity and Exchange Rate Dynamics”

2. Oleg Itskhoki and Benjamin Moll, “Optimal Development Policies with Financial Frictions”

20 Min Break with Box Lunch

Labor Markets: 12:50 – 2:20 PM

1. Alexander Bick and Nicola Fuchs-Schuendeln, “Taxation and Labor Supply of Married Couples across Countries: A Macroeconomic Analysis”

2. Donghoon Lee, Sang Yoon (Tim) Lee, and Yongseok Shin “The Option Value of Human Capital”

20 Min Break

Marriage and Divorce: 2:40 – 4: 10 PM

1. Raquel Fernandez and Joyce Cheng Wong, “Free to Leave? A Welfare Analysis of Divorce Regimes”

2. Guillaume Vandenbroucke and John Knowles, “Dynamic Squeezing: Marriage and Fertility in France After World War One”

20 Min Break

Distinguished Speaker: 4:30 – 5:40 PM

V. V. Chari: “On the Social Usefulness of Fractional Reserve Banking”

Cocktails: 6:00, Dinner 7:00 PM

Saturday, May 3

Breakfast 8:30-9:00 AM

Intergenerational Transmission of Inequality: 9:00 – 10:30 AM

1. Gregory Clark, “Son also Rises.”

2. Claudia Olivetti, Daniele Paserman and Laura Salisbury “Intergenerational Mobility Across Three Generations in the 19th Century: Evidence from the US Census”

20 Min Break

Rust Belt and Unions: 10:50 – 12: 30 PM

1. Jeremy Greenwood and Emin Dinlersoz “The Rise and Fall of Unions in the U.S.”

2. Simeon Alder, David Lagakos, and Lee Ohanian, “The Decline of the U.S. Rust Belt: A Macroeconomic Analysis”

Lunch (12:30-1:15) and Distinguished Speaker: 1:15 – 2:25 PM

Philippe Aghion “What Do We Learn from Schumpeterian Growth Economics?”

Adjourn

4/2/14