NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

MONETARY ECONOMICS PROGRAM MEETING

Anil Kashyap and Virgiliu Midrigan, Organizers

April 18, 2008

Federal Reserve Bank of Chicago

Illinois Rooms 1 and 2, 3^rd Floor

230 S. LaSalle Street

Chicago, IL 60604

PROGRAM

THURSDAY, APRIL 17:

6:00 pm Reception and Dinner

Federal Reserve Bank of Chicago

LaSalle Dining Room, 3^rd Floor

230 S. LaSalle Street

Chicago, IL 60604

FRIDAY, APRIL 18:

8:30 am Continental Breakfast

9:00 am ATIF MIAN, University of Chicago and NBER

AMIR SUFI, University of Chicago

The Consequences of Mortgage Credit Expansion:

Evidence from the 2007 Mortgage Default Crisis

Discussant: STIJN VAN NIEUWERBURGH, New York University

10:00 am Break

10:20 am CHRISTOPHER HOUSE, University of Michigan and NBER

Fixed Cost and Long-Lived Investments

Discussant: NANCY STOKEY, University of Chicago

11:20 am Break

11:40 am DAVID LUCCA, Federal Reserve Board

FRANCESCO TREBBI, University of Chicago and NBER

Measuring Central Bank Communication:

An Automated Approach with Application to FOMC Statements

Discussant: KENNETH KUTTNER, Oberlin College and NBER

12:40 pm Lunch-LaSalle Dining Room, 3^rd Floor

1:40 pm XAVIER GABAIX, New York University and NBER

EMMANUEL FARHI, Harvard University and NBER

Rare Disasters and Exchange Rates

Discussant: NELSON MARK, University of Notre Dame and NBER

2:40 pm Break

3:00 pm ARVIND KRISHNAMURTHY, Northwestern University

ANNETTE VISSING-JORGENSEN, Northwestern University and NBER

The Aggregate Demand for Treasury Debt

Discussant: PIERRE-OLIVIER WEILL, UC, Los Angeles

4:00 pm MICHAEL WOODFORD, Columbia University

Information Constrained State-Dependent Pricing

Discussant: MIKHAIL GOLOSOV, MIT and NBER

5:00 pm Adjourn

3/25/08