SI 2015 Aggregate Implications of Micro
Organized by Orazio Attanasio, Christopher D. Carroll, and José-Víctor Ríos-Rull
July 13-17, 2015
Royal Sonesta Hotel

Monday, July 13

9:00 am

Consumption and House Prices in the Great Recession: Model Meets Evidence

Greg Kaplan, University of Chicago and NBER
Kurt Mitman, CEMFI
Giovanni L. Violante, Princeton University and NBER

9:45 am

The Rise and Fall of Consumption in the `00s

Yuliya Demyanyk, University of Illinois Chicago
Dmytro Hryshko, University of Alberta
Maria Luengo-Prado, Instituto Complutense de Análisis Económico
Bent Sorensen, University of Houston

10:45 am

Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession

Aaron Hedlund, Purdue University

11:30 am

Homeowner Borrowing and Housing Collateral: New Evidence from Expiring Price Controls

Anthony A. DeFusco, University of Wisconsin - Madison and NBER

Tuesday, July 14

9:00 am

Durables, Lemons, and Shocks

Richard Blundell, University College London and IFS
Ran Gu, City St George's, University of London
Søren Leth-Petersen, University of Copenhagen
Hamish Low, Federal Reserve Bank of Chicago
Costas Meghir, Yale University and NBER

9:45 am

Interest Rates, Debt and Intertemporal Allocation: Evidence From Notched Mortgage Contracts in the UK

Michael C. Best, Columbia University and NBER
James S. Cloyne, University of California, Davis and NBER
Ethan Ilzetzki, London School of Economics and Political Science (LSE)
Henrik Kleven, Princeton University and NBER

10:45 am

The Marginal Propensity to Consume Out of Liquidity

Deniz Aydin, Massachusetts Institute of Technology

11:30 am

Using Elasticities to Derive Optimal Bankruptcy Exemptions

Eduardo Davila, Yale University and NBER

Wednesday, July 15

9:00 am

Inequality in 3-D: Income, Consumption, and Wealth

Jonathan D. Fisher, Washington Center for Equitable Growth
David Johnson, Georgetown University
Timothy Smeeding, University of Wisconsin - Madison
Jeffrey P. Thompson, Federal Reserve Bank of Boston

9:45 am

Higher-Order Income Risk and Social Insurance Policy Over the Business Cycle

David Domeij, Stockholm School of Economics
Fatih Guvenen, University of Minnesota and NBER
Christopher Busch, Ludwig-Maximilians-Universität Munich
Rocio Madera, Southern Methodist University

10:45 am

How Persistent Are Consumption Habits? Micro-Evidence from Russia

Lorenz Kueng, Swiss Finance Institute
Evgeny Yakovlev, New Economic School

11:30 am

The Price of Growth: Consumption Insurance in China 1989-2009

Raul Santaeulalia-Llopis, Barcelona GSE
Yu Zheng, Queen Mary University of London

Thursday, July 16

9:00 am

Liquid Savings over the Business Cycle

Alessandro Mennuni, University of Southhampton

9:45 am

Temptation and Commitment: the Role of Housing

Agnes Kovacs, King's College London

10:45 am

Consumption Uncertainty and Precautionary Saving

Dimitris Christelis, University of Glasgow
Dimitris Georgarakos, European Central Bank
Tullio Jappelli, University of Naples Federico II
Maarten van Rooij, Dutch Central Bank

11:30 am

‘House Prices Can’t Fall’: Do Beliefs Affect Consumer Spending and Borrowing Cycles?

Jesse Bricker, Federal Reserve Board of Governors
Jacob Krimmel, Realtor.com
Claudia R. Sahm, Jain Family Institute

Friday, July 17

9:00 am

Human Capital Spillovers and the Geography of Intergenerational Mobility

Giovanni Gallipoli, University of British Columbia
Brant Abbott, Queen's University

9:45 am

Family Background, Academic Ability, and College Decisions in the 20th Century U.S.

Lutz Hendricks, University of North Carolina at Chapel Hill

10:45 am

Degrees Are Forever: Marriage, Educational Investment, and Lifecycle Labor Decisions of Men and Women

Mary Ann Bronson, Georgetown University

11:30 am

Health Care Reform or Labor Market Reform? A Quantitative Analysis of the Affordable Care Act

Makoto Nakajima, Federal Reserve Bank of Philadelphia
Didem Tuzemen, Federal Reserve Bank of Kansas City