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{mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]--><!--[if gte mso 9]><xml> <o:shapedefaults v:ext="edit" spidmax="1026"/> </xml><![endif]--><!--[if gte mso 9]><xml> <o:shapelayout v:ext="edit"> <o:idmap v:ext="edit" data="1"/> </o:shapelayout></xml><![endif]--> </head> <body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <div class=WordSection1> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=679 style='width:509.25pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Authors, please upload your paper <a href="http://www.nber.org/confsubmit/backend/form?id=ICs16">here</a>. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>International Comparisons of Income, Prices, and Production <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Alberto <span class=SpellE>Cavallo</span> and Robert <span class=SpellE>Feenstra</span>, Organizers <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>May 27-28, 2016 <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>MIT Sloan School of Management<br> 100 Main Street, Building E62<br> </span><span style='font-family:"Arial",sans-serif'>Room E62-550 on the 5th floor.</span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'><br> Cambridge, MA<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6;mso-yfti-lastrow:yes'> <td width=679 style='width:509.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='mso-margin-top-alt:auto;mso-margin-bottom-alt: auto;text-align:center;line-height:normal;mso-outline-level:2'><b><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Program</span></b><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellpadding=0 style='mso-cellspacing:1.5pt; mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=677 colspan=2 style='width:507.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Thursday, May 26<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>9 am-4:15 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif'>All ICIPP participants are invited to attend the World Bank ICP  <b style='mso-bidi-font-weight: normal'>Meeting on Poverty PPPs and PPP Research Agenda</b> at MIT Sloan. <a href="https://icc2016.mit.edu/sites/default/files/documents/Poverty%20PPPs%20and%20Research%20Agenda%20Meeting.pdf">Preliminary agenda.</a><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]></span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>6:45 pm</span><span style='font-family:"Arial",sans-serif'><o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Welcome dinner at Catalyst Restaurant sponsored by the World Bank<br> Alberto <span class=SpellE>Cavallo</span> will meet participants at the Marriott Hotel lobby at 6:30 pm.<span style='mso-spacerun:yes'>  </span>The Restaurant is located at 300 Technology Square, a five minute walk from the hotel.<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=677 colspan=2 style='width:507.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Friday, May 27<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>8:30 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif'>Alberto <span class=SpellE>Cavallo</span> will meet participants at the Marriot hotel lobby and walk with them to the MIT Sloan building E62, 100 Main Street in Cambridge. The conference will take place in room E62-550 on the 5th floor.</span><span style='font-family: "Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>8:30 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Coffee and pastries<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'></td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Session I: Poverty and Cost of Living<br> </span></b><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Chair:<span style='mso-spacerun:yes'>  </span>Alberto <span class=SpellE>Cavallo</span>, Massachusetts Institute of Technology and NBER<b style='mso-bidi-font-weight:normal'><o:p></o:p></b></span></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>9:00 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Robert C. Allen, New York University Abu Dhabi<br> <i><a href="http://www.nber.org/confer/2016/ICs16/Allen.pdf">Absolute Poverty: When Necessity Displaces Desire</a></i><br> <br> Discussant: Robert <span class=SpellE>Inklaar</span>, University of Groningen <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>10:00 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>10:15 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Stephen J. Redding, Princeton University and NBER<br> David Weinstein, Columbia University and NBER<br> </span><i><span style='font-family:"Arial",sans-serif'><a href="http://www.nber.org/confer/2016/ICs16/Redding_Weinstein.pdf">A Unified Approach to Estimating Demand and Welfare</a></span></i><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant: Robert C. <span class=SpellE>Feenstra</span>, University of California at Davis and NBER <br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>11:15 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:11'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>11:30 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span class=SpellE><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Ingvild</span></span><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'> <span class=SpellE>Almås</span>, IIES<br> Timothy Beatty, University of California, Davis<br> Thomas Crossley, <span class=GramE>Essex University<br> <span style='mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin'><a href="http://www.nber.org/confer/2016/ICs16/Almas_Beatty_Crossley.pdf"><i>Lost</i><i> in Translation: What do Engel Curves Tell Us About the Cost of Living? </i></a></span></span></span><span style='font-family:"Arial",sans-serif'><br> </span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'><br> Discussant: Alicia <span class=SpellE>Rambaldi</span>, The University of Queensland <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>12:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Lunch<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:13'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'></td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Session II: Prices Within and Between Countries</span></b><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'><br> Chair:<span style='mso-spacerun:yes'>  </span>Marcel <span class=SpellE>Timmer</span>, University of Groningen<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>1:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span class=SpellE><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Yuriy</span></span><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'> <span class=SpellE>Gorodnichenko</span>, University of California at Berkeley and NBER<br> <span class=SpellE>Viacheslav</span> <span class=SpellE>Sheremirov</span>, Federal Reserve Bank of Boston<br> <span class=SpellE>Oleksandr</span> Talavera, University of Sheffield<br> </span><span style='font-family:"Arial",sans-serif'><a href="http://www.nber.org/confer/2016/ICs16/Gorodnichenko_Sheremirov_Talavera.pdf"><i>Price Setting in Online Markets: Does IT Click? </i></a></span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant: Alberto <span class=SpellE>Cavallo</span>, Massachusetts Institute of Technology and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:15'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>2:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:16'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>2:45 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Robert C. <span class=SpellE>Feenstra</span>, University of California at Davis and NBER<br> </span><span class=SpellE><span style='font-family:"Arial",sans-serif'>Mingzhi</span></span><span style='font-family:"Arial",sans-serif'> Xu, </span><span style='font-family: "Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>University of California at Davis<br> Alexis <span class=SpellE>Antoniades</span>, Georgetown University<br> John <span class=SpellE>Romalis</span>, The University of Sydney and NBER<br> </span><span style='font-family:"Arial",sans-serif'><a href="http://www.nber.org/confer/2016/ICs16/Feenstra_Xu_Antoniades_Romalis.pdf"><i>What is the Price of Tea in China? Towards the Relative Cost of Living in Chinese and U.S. Cities </i></a></span><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant: <span class=SpellE>Prasada</span> Rao, University of Queensland<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:17'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>3:45 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:18'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>4:00 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Brent Neiman, University of Chicago and NBER<br> Jonathan Eaton, </span><span style='font-family:"Arial",sans-serif'>Pennsylvania State University and NBER<o:p></o:p></span></p> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif'>Samuel <span class=SpellE>Kortum</span>, </span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Yale University and NBER<br> </span><cite><span style='font-family:"Arial",sans-serif'>Obstfeld and Rogoff's International Macro Puzzles: A Quantitative Assessment</span></cite><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant: </span><span class=SpellE><span style='font-family:"Arial",sans-serif; mso-bidi-font-weight:bold'>Oleksandr</span></span><span style='font-family: "Arial",sans-serif;mso-bidi-font-weight:bold'> Talavera,</span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'> University of Sheffield<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:19'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>5:00 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Adjourn<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:20'> <td width=96 style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>6:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif'>Dinner at MIT s <span class=SpellE>Sanberg</span> Conference Center, 7th floor of building E52, 50 Memorial Drive (next door to the building where the conference takes place).</span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:21'> <td width=677 colspan=2 style='width:507.75pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Saturday, May 28<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:22'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>9:00 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Coffee and pastries<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:23'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'></td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Session III: Output and Capital</span></b><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br> Chair:<span style='mso-spacerun:yes'>  </span>Robert C. <span class=SpellE>Feenstra</span>, University of California at Davis and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:24'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>9:30 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span class=SpellE><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Gholamreza</span></span><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'> <span class=SpellE>Hajargasht</span>, University of Melbourne<br> <span class=SpellE>Prasada</span> Rao, University of Queensland<br> </span><span style='font-family:"Arial",sans-serif'><a href="http://www.nber.org/confer/2016/ICs16/Rao_Hajargasht.pdf"><i>Computation of Standard errors for Purchasing Power Parity (PPP) Exchange Rates from the International Comparison Program (ICP) </i></a></span><span style='font-family: "Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant: Fred Vogel, The World Bank<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:25'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>10:30 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:26'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>10:45 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Mario J. <span class=SpellE>Crucini</span>, Vanderbilt University and NBER<br> <i>Globalization Boom and Bust: A Study of US Automobile Exports from 1913 to 1940</i><br> <br> Discussants: </span><span style='font-family:"Arial",sans-serif;mso-bidi-font-weight: bold'>Alan <span class=SpellE>Heston</span>, University of Pennsylvania, Emeritus and Bettina <span class=SpellE>Atten</span>, Bureau of Economic Analysis</span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'> <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:27'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>11:45 am<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:28'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>12:00 noon<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Robert C. <span class=SpellE>Feenstra</span>, University of California at Davis and NBER<br> Robert <span class=SpellE>Inklaar</span>, University of Groningen<br> Marcel <span class=SpellE>Timmer</span>, University of Groningen<br> <i>Penn World Table: version 9.0 and beyond</i> <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:29'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>12:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Lunch<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:30'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'></td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'>Session IV: Methods for Prices, Productivity , and Housing</span></b><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'><br> Chair: Alberto F. <span class=SpellE>Cavallo</span>, Massachusetts Institute of Technology and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:31'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>1:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Ina <span class=SpellE>Simonovska</span>, University of California at Davis and NBER<br> Joel David, University of Southern California<br> <span class=SpellE>Espen</span> <span class=SpellE>Henriksen</span>, University of California at Davis<br> <i>The Risky Capital of Emerging Markets</i><br> <br> Discussant: <span class=SpellE>Hyunseung</span> Oh, Vanderbilt University<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:32'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>2:30 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:33'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>2:45 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'>W. Erwin <span class=SpellE>Diewert</span>, University of British Columbia and NBER<br> Robert <span class=SpellE>Inklaar</span>, University of Groningen<br> <i><a href="http://www.nber.org/confer/2016/ICs16/Diewert.pdf">Measuring Industry Productivity across Time and Space and Cross Country Convergence</a></i><br> <br> Discussant: Robert Hill, University of Graz <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:34'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>3:45 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Break<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:35'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>4:00 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Robert Hill, University of Graz<br> Miriam <span class=SpellE>Steurer</span>, University of Graz<br> Michael <span class=SpellE>Scholz</span>, University of Graz<br> </span><span style='font-family:"Arial",sans-serif'><a href="http://www.nber.org/confer/2016/ICs16/Hill.pdf"><i>The Treatment of Owner Occupied Housing in the CPI and its Implications for Monetary Policy </i></a></span><span style='font-family:"Arial",sans-serif;mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant: W. Erwin <span class=SpellE>Diewert</span>, University of British Columbia and NBER <br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:36'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>5:00 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>Adjourn<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:37'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'>6:00 pm<o:p></o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><b style='mso-bidi-font-weight:normal'><span style='font-family:"Arial",sans-serif'>Dinner</span></b><span style='font-family:"Arial",sans-serif'> at <i style='mso-bidi-font-style: normal'>Beacon Hill Bistro</i> in Beacon Hill. The restaurant is at 25 Charles St. in Boston, a 15-20 minute walk from the hotel, across the river<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:38'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif'>Patsy Thompson (<a href="mailto:pthomps@mit.edu">pthomps@mit.edu</a>) and John Tracey-<span class=SpellE>Ursprung</span> (<a href="mailto:jtracey@mit.edu">jtracey@mit.edu</a>) are assisting with the conference, dinners, and other events that take place at MIT. Please contact them in case you have any questions about the general logistics of the event</span><span style='font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:39;mso-yfti-lastrow:yes'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td width=579 style='width:434.25pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:0in;margin-bottom:.0001pt;line-height: normal'><span style='font-family:"Arial",sans-serif'><o:p>&nbsp;</o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='font-family:"Arial",sans-serif'><o:p>&nbsp;</o:p></span></p> </div> </body> </html>