Friday, February 25

8:30 am

Continental Breakfast

9:00 am

Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier

Joonkyu Choi, Federal Reserve Board of Governors
Veronika Penciakova, Federal Reserve Bank of Atlanta
Felipe Saffie, University of Virginia and NBER

Discussant:
Elias Papaioannou, London Business School

10:00 am

Break

10:15 am

Skewness and Time-Varying Second Moments in a Nonlinear Production Network: Theory and Evidence

Ian Dew-Becker, Federal Reserve Bank of Chicago
Andrea Vedolin, Boston University and NBER

Discussant:
Serena Ng, Columbia University and NBER

11:15 am

Break

11:30 am

Technology-Skill Complementarity and Labor Displacement: Evidence from Linking Two Centuries of Patents with Occupations (slides)

Leonid Kogan, Massachusetts Institute of Technology and NBER
Dimitris Papanikolaou, Northwestern University and NBER
Lawrence Schmidt, Massachusetts Institute of Technology
Bryan Seegmiller, Northwestern University

Discussant:
Julieta Caunedo, Cornell University

12:30 pm

Lunch

1:30 pm

The End of Privilege: A Reexamination of the Net Foreign Asset Position of the United States

Andrew Atkeson, University of California, Los Angeles and NBER
Jonathan Heathcote, Federal Reserve Bank of Minneapolis
Fabrizio Perri, Federal Reserve Bank of Minneapolis

Discussant:
Hélène Rey, London Business School and NBER

2:30 pm

Break

2:45 pm

Are Collateral-Constraint Models Ready for Macroprudential Policy Design?

Pablo Ottonello, University of Maryland and NBER
Diego J. Perez, New York University and NBER
Paolo Varraso, New York University

Discussant:
Nobuhiro Kiyotaki, Princeton University and NBER

3:45 pm

Break

4:00 pm

Determinacy without the Taylor Principle (slides)

George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER

Discussant:
Francesco Bianchi, Johns Hopkins University and NBER

5:00 pm

Adjourn