NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2008

 

Aggregate Implications of Microeconomic Consumption Behavior

 

Orazio Attanasio, Christopher Carroll, and Jose-Victor Rios-Rull, Organizers

 

July 14-18, 2008

 

Royal Sonesta Hotel

Parkview Room

40 Edwin H. Land Blvd.

Cambridge, Massachusetts

 

PROGRAM

 

Monday, July 14

 

 

8:30 a.m.

Coffee and pastries

 

 

9:00 a.m.

Francisco Buera, Northwestern University and NBER

 

Yongseok Shin, University of Wisconsin

 

Productivity Growth and Capital Outflow: The Case of a Small Opening Economy

 

 

9:45 a.m.

DAMIANO SANDRI, Johns Hopkins University

 

Growth and Capital Flows With Risky Entrepreneurship

 

 

10:30 a.m.

Break

 

 

10:45 a.m.

GREG KAPLAN, New York University

 

GIOVANNI VIOLANTE, New York University and NBER

 

How Much Insurance in Bewley Models?

 

 

11:30 a.m.

David Domeij, Stockholm School of Economics

 

Paul Klein, University of Western Ontario

 

Should daycare be subsidized?

 

 

12:15 p.m.

Adjourn

 

 

Tuesday, July 15

 

 

8:30 a.m.

Coffee and pastries

 

 

9:00 a.m.

Christopher Carroll, Johns Hopkins University and NBER

 

Misuzu Otsuka, Asian Development Bank

 

Jiri Slacalek, European Central Bank

 

How Large Is the Housing Wealth Effect? A New Approach

 

 

9:45 a.m.

Timothy J. Besley, Princeton University

 

Neil Meads, Bank of England

 

Paolo Surico, Bank of England

 

Household External Finance and Consumption

 

 

10:30 a.m.

Break

 

 

10:45 a.m.

Mark Doms, Federal Reserve Bank of San Francisco

 

Daniel Vine, Federal Reserve Board

 

WENDY DUNN, Federal Reserve Board

 

Changes in Housing Wealth and Consumption:  Did the Linkage Increase in the 2000s?

 

 

11:30 a.m.

Orazio Attanasio, University College London and NBER

 

ANDREW LEICESTER, Institute for Fiscal Studies

 

Matthew Wakefield, Institute for Fiscal Studies

 

The Coincident Cycles of House Prices and Consumption in the U.K.: Do House Prices Drive Consumption Growth

 

 

12:15 p.m.

Adjourn

 

 

Wednesday, July 16

 

 

8:30 a.m.

Coffee and pastries

 

 

9:00 a.m.

XAVIER MATEOS-PLANAS, University of Southampton

 

Jose-Victor Rios-Rull, University of Pennsylvania and NBER

 

Credit Lines

 

 

10:00 a.m.

Break

 

 

10:15 a.m.

Lukasz Drozd, University of Wisconsin

 

JAROMIR NOSAL, University of Minnesota

 

Competing for Customers: A Search Model of the Market for Unsecured Credit

 

 

11:15 a.m.

ETHAN COHEN-COLE, Federal Reserve Bank of Boston

 

Burcu Duygan, European University Institute

 

Can Declines in Social Stigma Explain Bankruptcy Trends?

 

 

12:15 p.m.

Adjourn

 

 

Thursday, July 17

 

 

8:30 a.m.

Coffee and pastries

 

 

 

Methods

 

 

9:00 a.m.

Robert Schoeni, University of Michigan

 

PSID Update

 

 

9:30 a.m.

KIICHI TOKUOKA, Johns Hopkins University

 

Solution Methods for Heterogeneous Agent Macro Models: The JEDC Project

 

 

9:45 a.m.

Dirk Krueger, University of Pennsylvania and NBER

 

Fabrizio Perri, University of Minnesota and NBER

 

How does Household Consumption Respond to Income Shocks? Evidence and Theory

 

 

10:30 a.m.

Break

 

 

10:45 a.m.

Giovanni Gallipoli, University of British Columbia

 

LAURA TURNER, University of British Columbia

 

Household responses to individual shocks: disability and labour supply

 

 

11:30 a.m.

DANIEL AARONSON, Federal Reserve Bank of Chicago

 

Sumit Agarwal, Federal Reserve Bank of Chicago

 

Eric French, Federal Reserve Bank of Chicago

 

The Consumption Response to Minimum Wage Increases

 

 

12:15 p.m.

Adjourn

 

 

Friday, July 18

 

 

8:30 a.m.

Coffee and pastries

 

 

 

Housing Topics:

 

 

9:00 a.m.

Joao Ejarque, University of Copenhagen

 

Soren Leth-Petersen, AKF, Institute of Local Government Studies

 

Consumption and Savings of First Time House Owners: How Do They Deal with Adverse Income Shocks?

 

 

9:45 a.m.

Makoto Nakajima, University of Illinois at Urbana-Champaign

 

Optimal Capital Income Taxation with Housing

 

 

10:30 a.m.

Break

 

 

10:45 a.m.

DMYTRYO HRYSHKO, University of Alberta

 

MARIA LUENGO-PRADO, Northeastern University

 

Home equity and risk sharing

 

 

11:30 a.m.

MARIA LUENGO-PRADO, Northeastern University

 

PAUL SULLIVAN, Bureau of Labor Statistics

 

Randal Verbrugge, Bureau of Labor Statistics

 

Kamila Vetechova, Georgetown University

 

The Dynamics of User Costs and Rents

 

 

12:15 p.m.

Adjourn