SI 2025 Micro Data and Macro Models
Organized by Erik Hurst, Greg Kaplan, and Giovanni L. Violante
July 14-17, 2025
Royal Sonesta Hotel, Edwin H. Land Blvd., Cambridge, MA
Monday, July 14
8:00 am
Coffee and Pastries
8:30 am

The Rise of Women and Decline of Education

Ann-Sofie Kolm, Stockholm University
Per Krusell, Stockholm University and NBER
Kieran Larkin, Stockholm University
Kurt Mitman, CEMFI
9:20 am
Break
9:30 am

Deep Learning for Search and Matching Models

Jonathan Payne, Princeton University
Adam Rebei, Stanford University
Yucheng Yang, University of Zurich
10:20 am
Break
10:40 am

Nonlinear Micro Income Processes with Macro Shocks (slides)

Martin Almuzara, Federal Reserve Bank of New York
Manuel Arellano, CEMFI
Richard Blundell, University College London and IFS
Stéphane Bonhomme, University of Chicago
11:30 am
Break
11:40 am

Sufficient Statistics for Measuring Forward-Looking Welfare (slides)

David Baqaee, University of California, Los Angeles and NBER
Ariel Burstein, University of California, Los Angeles and NBER
Yasutaka Koike-Mori, University of North Carolina at Chapel Hill
12:30 pm
Adjourn and Lunch
Tuesday, July 15
8:00 am
Coffee and Pastries
8:30 am

Robinson Meets Roy: Monopsony Power and Comparative Advantage (slides)

Mark Bils, University of Rochester and NBER
Bariş Kaymak, Federal Reserve Bank of Cleveland
Kai-Jie Wu, The Pennsylvania State University
9:20 am
Break
9:30 am

AI and Comparative Advantage

Hugo Reichardt, Centre de Recerca en Economia Internactional
Lukas Althoff, Stanford University
10:20 am
Break
10:40 am

A Quantitative Theory of Heterogeneous Returns to Wealth

Guido Menzio, New York University and NBER
Saverio Spinella, New York University
11:30 am
Break
11:40 am

Capital Reallocation and Private Firm Dynamics

Anmol Bhandari, University of Minnesota and NBER
Paolo Martellini, New York University
Ellen McGrattan, University of Minnesota and NBER
12:30 pm
Adjourn and Lunch
Wednesday, July 16
8:00 am
Coffee and Pastries
8:30 am

Deficits and Inflation: HANK meets FTPL

George-Marios Angeletos, Northwestern University and NBER
Chen Lian, University of California, Berkeley and NBER
Christian K. Wolf, Massachusetts Institute of Technology and NBER
9:20 am
Break
9:30 am

Navigating by Falling Stars: Monetary Policy with Fiscally Driven Natural Rates

Rodolfo G. Campos, Banco de España
Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Galo Nuño, Banco de España
Peter Paz, Bank of England
10:20 am
Break
10:40 am

The How and Why of Household Reactions to Income Shocks (slides)

Roberto Colarieti, Harvard University
Pierfrancesco Mei, Harvard University
Stefanie Stantcheva, Harvard University and NBER
11:30 am
Break
11:40 am

Consumption Wedges: Measuring and Diagnosing Distortions

Sasha Indarte, University of Pennsylvania
Raymond Kluender, Harvard University and NBER
Ulrike Malmendier, University of California, Berkeley and NBER
Michael Stepner, University of Toronto
12:30 pm
Adjourn and Lunch
Thursday, July 17
8:00 am
Coffee and Pastries

Joint Morning Session with Macro Perspectives
8:30 am

Why do Workers Dislike Inflation? Wage Erosion and Conflict Costs

Joao Guerreiro, University of California, Los Angeles
Jonathon Hazell, London School of Economics and Political Science (LSE)
Chen Lian, University of California, Berkeley and NBER
Christina Patterson, University of Chicago and NBER
9:20 am
Break
9:30 am

A Theory of How Workers Keep Up With Inflation

Hassan Afrouzi, Columbia University and NBER
Andrés Blanco, Federal Reserve Bank of Atlanta
Andrés Drenik, University of Texas at Austin and NBER
Erik Hurst, University of Chicago and NBER
10:20 am
Break
10:40 am

Should Friday be the New Saturday? Hours Worked and Hours Wanted

Gregor Jarosch, Duke University and NBER
Laura Pilossoph, Duke University and NBER
Anthony Swaminathan, Duke University
11:30 am
Break
11:40 am

The (Un)Fortunate Poor: Occupational Sorting with Financial Frictions

Jan Eeckhout, Universitat Pompeu Fabra
Rory McGee, Western University
Alireza Sepahsalari, University of Bristol
Peter Spittal, University of Bristol
12:30 pm
Adjourn and Lunch