Monday, July 18

9:00 am

Do Volume Discounts Contribute to Cyclicality in Prices?

Duncan Simester, Massachusetts Institute of Technology

10:00 am

Discreteness and Delay in Adjustment to a Changing Environment: Experimental Evidence

MelWin Khaw, Microsoft
Luminita Stevens, University of Maryland
Michael Woodford, Columbia University and NBER

11:15 am

The Unequal Gains from Product Innovations

Xavier L. Jaravel, London School of Economics

Tuesday, July 19

9:00 am

Scarred Consumption

Ulrike Malmendier, University of California, Berkeley and NBER
Leslie Shen, Federal Reserve Bank of Boston

10:00 am

The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation

Emi Nakamura, University of California, Berkeley and NBER
Jón Steinsson, University of California, Berkeley and NBER
Patrick K. Sun, Federal Communications Commission
Daniel Villar, Federal Reserve Board of Governors

11:15 am

Margins to Adjustment to Price and Sales Tax Changes: New Evidence from Retailer-Customer Linked Panel Data

Scott R. Baker, Northwestern University and NBER
Lorenz Kueng, Swiss Finance Institute