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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. 

SI 2015 Impulse and Propagation Mechanisms 

Lawrence Christiano and Martin S. Eichenbaum, Organizers 

July 6-10, 2015 

University Room - BC
Royal Sonesta Hotel
40 Edwin H. Land Blvd.
Cambridge, MA

PROGRAM

Monday, July 06
8:30 am	Coffee and Pastries
9:00 am	Cosmin Ilut, Duke University and NBER Rosen Valchev, Boston College Nicolas Vincent, HEC Montreal Paralyzed by Fear: Rigid and Discrete Pricing under Demand Uncertainty
10:00 am	Break
10:15 am	Javier Bianchi, Federal Reserve Bank of Minneapolis Self Fulfilling Unemployment Crises
11:15 am	Break
11:30 am	Julian Kozlowski, New York University Laura Veldkamp, New York University and NBER Venky Venkateswaran, New York University and NBER The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation
12:30 pm	Lunch and Adjourn
Tuesday, July 07
8:30 am	Coffee and Pastries
9:00 am	Paul Beaudry, University of British Columbia and NBER Dana S. Galizia, University of British Columbia Franck Portier, Toulouse School of Economics Reviving the limit cycle view of Macroeconomic Fluctuations
10:00 am	Break
10:15 am	Marcus Hagedorn, Institute for Advanced Studies  Jessie Handbury, University of Pennsylvania and NBER Iourii Manovskii, University of Pennsylvania and NBER Demand Stimulus, Inflation and Marginal Costs: Empirical Evidence
11:15 am	Break
11:30 am	Olivier Coibion, University of Texas at Austin and NBER Yuriy Gorodnichenko, University of California at Berkeley and NBER Saten Kumar, AUT University How Do Firms Form Their Expectations? New Survey Evidence
12:30 pm	Lunch and Adjourn
Wednesday, July 08
8:30 am	Coffee and Pastries
9:00 am	Zvi Eckstein, Boston University Ofer Setty, Tel Aviv University David Weiss, Tel Aviv University Financial Risk and Unemployment
10:00 am	Break
10:15 am	Jordi Gali, Centre de Recerca en Economia Internacional and NBER Hysteresis and the European Unemployment Problem Revisited
11:15 am	Break
11:30 am	Vasco M. Carvalho, CREI Basile Grassi, Paris School of Economics Large Firm Dynamics and the Business Cycle
12:30 pm	Lunch and Adjourn
6:00 pm	Clambake at the Royal Sonesta Hotel
Thursday, July 9:
8:30 am	Coffee and Pastries
9:00 am	Michael Woodford, Columbia University and NBER Mariana Garcia Schmidt, Columbia University Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
10:00 am	Break
10:15 am	Lawrence Christiano, Northwestern University and NBER Martin Eichenbaum, Northwestern University and NBER Benjamin Johannsen, Federal Reserve Board Does the New Keynesian Model have a Multiplicity Problem?
11:15 am	Break
11:30 am	Mark Gertler, New York University and NBER Diego Comin, Dartmouth College and NBER TBA
12:30 pm	Lunch and Adjourn
Friday, July 10
8:30 am	Coffee and Pastries
9:00 am	Mirko Wiederholt, Goethe University Frankfurt Empirical Properties of Inflation Expectations and the Zero Lower Bound
10:00 am	Break
10:15 am	Oscar Jorda, Federal Reserve Bank of San Francisco Moritz Schularick, University of Bonn Alan M. Taylor, University of California at Davis and NBER Leveraged Bubbles
11:15 am	Break
11:30 am	Monika Piazzesi, Stanford University and NBER Martin Schneider, Stanford University and NBER Payments, Credit and Asset Prices
12:30 pm	Lunch and Adjourn