33rd Annual Conference on Macroeconomics
Organized by Jonathan A. Parker and Martin S. Eichenbaum
April 12-13, 2018
Thursday, April 12
3:00 pm

The Economics of Border Adjustment Taxes (slides)

Omar Barbiero, Federal Reserve Bank of Boston
Emmanuel Farhi, Harvard University
Gita Gopinath, Harvard University and NBER
Oleg Itskhoki, Harvard University and NBER

Discussants:
Alan J. Auerbach, University of California, Berkeley and NBER
N. Gregory Mankiw, Harvard University and NBER
4:30 pm
Break
5:00 pm

The Tail that Keeps the Riskless Rate Low (slides)

Julian Kozlowski, Federal Reserve Bank of St. Louis
Laura Veldkamp, Columbia University and NBER
Venky Venkateswaran, New York University and NBER

Discussants:
François Gourio, Federal Reserve Bank of Chicago
Robert E. Hall, Stanford University and NBER
6:30 pm
Adjourn
7:00 pm
Group Dinner - Parkview Room
Speaker: Raghuram Rajan, University of Chicago and NBER
Friday, April 13
8:00 am
Continental Breakfast
8:30 am

Monetary Policy Analysis when Planning Horizons are Finite (slides)

Michael Woodford, Columbia University and NBER

Discussants:
Jennifer La'O, Columbia University and NBER
Guido Lorenzoni, University of Chicago and NBER
10:00 am
Break
10:30 am

The Transformation of Manufacturing and the Decline in U.S. Employment (slides)

Kerwin Kofi Charles , Yale University and NBER
Erik Hurst, University of Chicago and NBER
Mariel Schwartz, University of Chicago

Discussants:
Lawrence F. Katz, Harvard University and NBER
Valerie A. Ramey, Stanford University and NBER
12:00 n
Lunch - Parkview Room
Lunch Panel: The Macroeconomics of the 2017 Tax Act
Chair: James Poterba, Massachusetts Institute of Technology and NBER
Wendy Edelberg, Congressional Budget Office (slides)
Kent Smetters, University of Pennsylvania and NBER (slides)
Mark Zandi, Moody’s Analytics (slides)
1:30 pm

The Financial Soundness of US Banks (slides)

Andrew Atkeson, University of California, Los Angeles and NBER
Adrien D'Avernas, Stockholm School of Economics
Andrea L. Eisfeldt, University of California, Los Angeles and NBER
Pierre-Olivier Weill, University of California, Los Angeles and NBER

Discussants:
Juliane Begenau, Stanford University and NBER
Lawrence H. Summers, Harvard University and NBER
3:00 pm
Break
3:30 pm

Accounting for Factorless Income (slides)

Loukas Karabarbounis, University of Minnesota and NBER
Brent Neiman, University of Chicago and NBER

Discussants:
Richard Rogerson, Princeton University and NBER
Matthew Rognlie, Northwestern University and NBER
5:00 pm
Adjourn