Authors, please upload your paper here.

 

 

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2011

 

Aggregate Implications of Microeconomics Workshop

 

July 18 - 22, 2011

 

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

 

Royal Sonesta Hotel

40 Edwin H. Land Blvd.

Cambridge, Massachusetts

 

PROGRAM

 

Monday, July 18:

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Romain Ranciere, Paris School of Economics

 

Michael Kumhof, International Monetary Fund

 

Inequality, Leverage and Crises

 

 

9:45 am

Damiano Sandri, International Monetary Fund

 

Fabian Valencia, International Monetary Fund

 

Balance-Sheet Shocks and Recapitalizations

 

 

10:30 am

Break

 

 

10:45 am

Christopher D. Carroll, Johns Hopkins University and NBER

 

Jiri Slacalek, European Central Bank

 

Martin Sommer, International Monetary Fund

 

Wealth Effects, Credit Supply, and Precautionary Saving

 

 

11:30 am

Edouard Challe, École Polytechnique

 

Xavier Ragot, PSE

 

Precautionary Saving over the Business Cycle

 

 

12:15 pm

Lunch and Adjourn

 

 

Tuesday, July 19:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Yuliya Demyanyk, Federal Reserve Bank of Cleveland

 

Dmytro Hryshko, University of Alberta

 

Maria Luengo-Prado, Northeastern University
Bent Sorensen, University of Houston

 

Moving to a Job: The Role of Home Equity, Debt, and Access to Credit

 

 

9:45 am

Kurt Mitman, University of Pennsylvania

 

Macroeconomic Effects of Bankruptcy and Foreclosure Policies

 

 

10:30 am

Break

 

 

10:45 am

Roc Armenter, Federal Reserve Bank of Philadelphia

 

Viktoria Hnatkovska, Georgetown University

 

The Rise of Corporate Savings

 

 

11:30 am

Greg Kaplan, University of Pennsylvania

 

Giovanni L. Violante, New York University and NBER

 

A Model of the Consumption Response to Fiscal Stimulus Payments

 

 

12:15 pm

Adjourn

 

 

Wednesday, July 20:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Greg Kaplan, University of Pennsylvania

 

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

 

Business Cycles and Household Formation: The Micro v. the Macro Elasticity

 

 

9:45 am

Orazio Attanasio, University College London and NBER

 

Hamish Low, University of Cambridge

 

Virginia Sanchez Marcos, Universidad de Cantabria

 

Aggregating Elasticities: Intensive and Extensive Margins of Female Labor Supply

 

 

10:30 am

Break

 

 

10:45 am

Mark Huggett, Georgetown University

 

Greg Kaplan, University of Pennsylvania

 

The Money Value of a Man

 

 

11:30 am

Stefan Hoderlein, University of Mannheim

 

Lars Nesheim, University College London

 

Anna Simoni, Universita Bocconi

 

Heterogeneous Euler Equations: A Semi-parametric Structural Approach

 

 

12:15 pm

Adjourn

 

 

6:00 pm

Clambake: Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

Thursday, July 21:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Giacomo DeGiorgi, Stanford University and NBER

 

Anders Frederiksen, Aarhus University

 

Luigi Pistaferri, Stanford University and NBER

 

Keeping Up with the Jensens? Evidence on Peer Effects on Consumption Using Danish Administrative Data

 

 

9:45 am

Annette Vissing-Jorgensen, Northwestern University and NBER

 

Consumer Credit: Learning Your Customer's Default Risk from What (S)he Buys

 

 

10:30 am

Break

 

 

10:45 am

Tullio Jappelli, University of Napoli

 

Mario Padula, Universita' "Ca' Foscari" Venezia

 

Investment in Financial Literacy and Saving Decisions

 

 

11:30 am

Alexander Bick, Frankfurt University

 

Sekyu A. Choi, Universitat Autonoma de Barcelona

 

Life-Cycle Consumption: Can Single Agent Models

 

 

12:15 pm

Adjourn

 

 

Friday, July 22:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Hui Chen, Massachusetts Institute of Technology and NBER

 

Michael Michaux, University of Southern California

 

Nikolai Roussanov, University of Pennsylvania and NBER

 

Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty

 

 

9:45 am

Stefan Hoderlein, University of Mannheim

 

Assessing the Concavity of Consumption Functions Using Microdata: Theory and Evidence in a Heterogeneous Population

 

 

10:30 am

Break

 

 

10:45 am

Christian Broda, University of Chicago and NBER

 

Jonathan Parker,  Northwestern University and NBER

 

The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption

 

 

11:30 am

Paolo Surico, London Business School

 

Kanishka Misra, London Business School

 

Heterogeneous Responses and the Aggregate Impact of the 2001 Income Tax Rebates

 

 

12:15 pm

Adjourn