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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2013 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 8-12, 2013

Royal Sonesta Hotel
40 Edwin H. Land Boulevard
Cambridge, Massachusetts

PROGRAM

 

Monday, July 8:

8:30 am

Coffee and Pastries

9:00 am

Anton Korinek, University of Maryland and NBER
Jonathan Kreamer, University of Maryland
The Redistributive Effects of Financial Deregulation

10:00 am

Break

10:15 am

Javier Bianchi, University of Wisconsin, Madison and NBER
Efficient Bailouts?

11:15 am

Break

11:30 am

Jordi Gali, CREI and NBER
Notes for a New Guide to Keynes: Wages, Aggregate Demand and Employment

12:30 pm

Lunch and Adjourn

Tuesday, July 9:

8:30 am

Coffee and Pastries

9:00 am

Klaus Adam, University of Mannheim
Michael Woodford, Columbia University and NBER
Housing Prices and Robustly Optimal Monetary Policy

10:00 am

Break

10:15 am

Oscar Jorda, Federal Reserve Bank of San Francisco
Alan M. Taylor, University of Virginia and NBER
The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

11:15 am

Break

11:30 am

Mark Gertler, New York University and NBER
Peter Karadi, European Central Bank
Monetary Policy Surprises, Credit Costs and Economic Activity

12:30 pm

Lunch and Adjourn

Wednesday, July 10

The First 100 Years of the Federal Reserve:
The Policy Record, Lessons Learned, and Prospects for the Future

Anil Kashyap, Christina Romer, and David Romer, Organizers

Royal Sonesta Hotel
40 Edwin Land Blvd.
Cambridge, Massachusetts

PRELIMINARY PROGRAM

7:30 am

Coffee and Pastries

8:00 am

The Conduct of Monetary Policy

Chair: Christina Romer, University of California at Berkeley and NBER

Overview Paper: Julio Rotemberg, Harvard University and NBER

Commentators:

Martin Eichenbaum, Northwestern University and NBER

Frederic Mishkin, Columbia University and NBER

Carmen Reinhart, Harvard University and NBER

9:15 am

Break

9:35 am

International Coordination and Crisis Management

Chair: Anne Krueger, Johns Hopkins University and NBER

Overview Paper: Barry Eichengreen, University of California at Berkeley and NBER

Commentators:

Stanley Fischer, Bank of Israel and NBER

Randall Kroszner , University of Chicago and NBER

Lawrence Summers, Harvard University and NBER

 

10:50 am

Break

11:10 am

A Discussion with Paul Volcker

Moderator: Martin Feldstein, Harvard University and NBER

12:00 pm

Lunch

1:00 pm

Central Bank Design

Chair: David Romer, University of California at Berkeley and NBER

Overview Paper: Ricardo Reis, Columbia University and NBER

Commentators:

Alan Blinder , Princeton University and NBER

Nancy Stokey, University of Chicago and NBER

Jean-Claude Trichet, Group of Thirty

2:15 pm

Break

2:35 pm

Financial Regulation

Chair: Anil Kashyap, University of Chicago and NBER

Overview Paper:Gary Gorton, Yale University and NBER

Andrew Metrick, Yale University and NBER

Commentators:

Douglas Diamond, University of Chicago and NBER

Philipp Hildebrand, BlackRock

Donald Kohn, Bank of England and Brookings Institution

3:50 pm

Break

4:10 pm

Presentation by Ben Bernanke

Moderator: James Poterba, Massachusetts Institute of Technology and NBER

5:15 pm

Adjourn

6:00 pm

Clambake, Royal Sonesta Hotel, 40 Edwin H. Land Boulevard, Cambridge, MA

Thursday, July 11:

8:30 am

Coffee and Pastries

9:00 am

David Berger, Northwestern University
Ricardo Caballero, MIT
Eduardo Engel, Yale University
Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models

10:00 am

Break

10:15 am

Marcus Hagedorn, Institute for Advanced Studies
Fatih Karahan, University of Pennsylvania
Iourii Manovskii, University of Pennsylvania and NBER
Kurt Mitman, University of Pennsylvania
Unemployment Benefits and Unemployment in the Great Recession: The Role of Macro Effects

11:15 am

Break

11:30 am

Gauti Eggertsson, Brown University and NBER
Andrea Ferrero, Federal Reserve Bank of New York
Andrea Raffo, Federal Reserve Board
Can Structural Reforms Help Europe??

12:30 pm

Lunch and Adjourn

Friday, July 12:

8:30 am

Coffee and Pastries

9:00 am

Jiro Kondo, Northwestern University
Dimitris Papanikolaou, Northwestern University
Innovation Cycles

10:00 am

Break

10:15 am

Ruediger Bachmann, RWTH Aachen University and NBER
Benjamin Born, University of Mannheim
Steffen Elstner, IFO Institute
Christian Grimme, IFO Institute
Uncertainty, Price-Setting, and the Real Effects of Monetary Policy

11:15 am

Break

11:30 am

Francesco Bianchi, Duke University
Leonardo Melosi, Federal Reserve Bank of Chicago
Escaping the Great Recession

12:30 pm

Adjourn