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29th Annual Conference on Macroeconomics

Jonathan Parker and Michael Woodford, Organizers

April 11-12, 2014

The Royal Sonesta Hotel

Charles Suites

40 Edwin H. Land Blvd.

Cambridge, MA




Friday, April 11


8:30 am

Continental Breakfast



9:00 am

John Fernald, Federal Reserve Bank of San Francisco


Productivity and Potential Output Before, During, and After the Great Recession


Discussants:    Samuel Kortum, Yale University and NBER (slides)


                        John Haltiwanger, University of Maryland and NBER (slides)



10:30 am




11:00 am

Hess Chung, Board of Governors of the Federal Reserve


Edward P. Herbst, Federal Reserve Board


Michael Kiley, Federal Reserve Board


Effective Monetary Policy Strategies in New-Keynesian Models: A Re-Examination


Discussants:    Lars Svensson, Stockholm School of Economics and NBER (slides)


                         Mark Gertler, New York University and NBER (slides)



12:30 pm

Lunch – Parkview Room



2:00 pm

Tarek Alexander Hassan, University of Chicago and NBER


Thomas Mertens, New York University


Information Aggregation in a DSGE Model


Discussants:    Guido Lorenzoni, Northwestern University and NBER (slides)


                         George-Marios Angeletos, Massachusetts Institute of Technology,  

                         University of Zurich and NBER (slides)

3:30 pm




4:00 pm

Robert B. Barsky, Federal Reserve Bank of Chicago and NBER


Susanto Basu, Boston College and NBER

Keyoung Lee, Federal Reserve Bank of Chicago


Whither News Shocks?


Discussants:    Franck Portier, Toulouse School of Economics (slides)


                         Lawrence Christiano, Northwestern University and NBER (slides)



5:30 pm




6:00 pm

Group Dinner – Parkview Room


After Dinner Speaker:  Kenneth Rogoff, Harvard University and NBER

Saturday, April 12



8:30 am

Continental Breakfast



9:00 am

Robert E. Hall, Stanford University and NBER


Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis


Discussants: Martin Eichenbaum, Northwestern University and NBER (slides)


                      Narayana Kocherlakota, Federal Reserve Bank of Minneapolis  

                      and NBER (slides)



10:30 am




11:00 am

Christopher Foote, Federal Reserve Bank of Boston


Rich Ryan, Federal Reserve Bank of Boston


Labor Market Polarization over the Business Cycle  


Discussants:   Richard Rogerson, Princeton University and NBER (slides)


                        Fatih Guvenen, University of Minnesota and NBER (slides)



12:30 pm