Authors, please upload your paper here.

 

 

NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2011

 

Impulse and Propagation Mechanisms

 

Lawrence Christiano and Martin Eichenbaum, Organizers

 

July 11 - 15, 2011

 

Royal Sonesta Hotel

Charles Suite A

Edwin H. Land Blvd.

Cambridge, Massachusetts

 

PROGRAM

 

Monday, July 11:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Susanto Basu, Boston College and NBER

 

Brent Bundick, Boston College

 

Uncertainty Shocks in a Model of Effective Demand

 

 

10:00 am

Break

 

 

10:15 am

Kaiji Chen, Emory University

 

Tao Zha, Federal Reserve Bank of Atlanta and NBER

 

Identifying Sources of the Cyclicality of Capital Productivity Dispersions Through Financial Frictions

 

 

11:15 am

Break

 

 

11:30 am

Klaus Adam, Mannheim University

 

Michael Woodford, Columbia University and NBER

 

Robustly Optimal Monetary Policy in a Microfounded Model

 

 

12:30 pm

Lunch and Adjourn

 

 

Tuesday, July 12:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Cosmin Ilut, Duke University

 

Martin Schneider, Stanford University and NBER

 

Ambiguous Business Cycles

 

 

10:00 am

Break

 

 

10:15 am

Alp Simsek, Harvard University and NBER

 

Belief Disagreements and Collateral Constraints

 

 

11:15 am

Break

 

 

11:30 am

Fabrizio Perri, University of Minnesota and NBER

Vincenzo Quadrini, University of Southern California

 

International Recessions

 

 

12:30 pm

Lunch and Adjourn

 

 

Wednesday, July 13:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Xavier Gabaix, New York University and NBER

 

A Sparsity-Based Model of Bounded Rationality

 

 

10:00 am

Break

 

 

10:15 am

Veronica Guerrieri, University of Chicago and NBER

 

Guido Lorenzoni, Massachusetts Institute of Technology and NBER

 

Credit Crises, Precautionary Savings and the Liquidity Trap

 

 

11:15 am

Break

 

 

11:30 am

Fernando Alvarez, University of Chicago and NBER

 

Martin Beraja, University of Chicago

 

Pablo Andrés Neumeyer, Universidad Torcuato Di Tella

 

Martin Gonzalez Rozada, Universidad Torcuato Di Tella

 

From Hyperinflation to Stable Prices: Argentina's Evidence on Menu Cost Models

 

 

12:30 pm

Lunch and Adjourn

 

 

6:00 pm

Clambake: Harvard Faculty Club, 20 Qunicy Street, Cambrdige, MA

 

 

Thursday, July 14:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Gadi Barlevy, Federal Reserve Bank of Chicago

 

On the Implications of Risk Shifting of Bubbles

 

 

10:00 am

Break

 

 

10:15 am

Jordi Gali, CREI and NBER

 

Monetary Policy and Rational Asset Pricing Bubbles

 

 

11:15 am

Break

 

 

11:30 am

Emine Boz, International Monetary Fund

 

Enrique Mendoza, University of Maryland and NBER

 

Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis

 

 

12:30 pm

Lunch and Adjourn

 

 

Friday, July 15:

 

 

8:30 am

Coffee and Pastries

 

 

9:00 am

Marco Bassetto, Federal Reserve Bank of Chicago and NBER

 

Credit Crunches and Credit Allocation in a Model of Entrepreneurship

 

 

10:00 am

Break

 

 

10:15 am

Bartosz Mackowiak, European Central Bank

 

Mirko Wiederholt, Northwestern University

 

Inattention to Rare Events

 

 

11:15 am

Break

 

 

11:30 am

Olivier Coibion, College of William and Mary and NBER

 

Yuriy Gorodnichenko, University of California at Berkeley and NBER

 

Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts

 

 

12:30 pm

Lunch and Adjourn