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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2014 Impulse and Propagation Mechanisms

Lawrence Christiano and Martin S. Eichenbaum, Organizers

July 7-11, 2014


Charles Suite

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


PROGRAM

 

Monday, July 7:

8:30 am

Coffee and Pastries

9:00 am

Jianjun Miao, Boston University
Pengfei Wang, Hong Kong University of Science and Technology
Tao Zha, Emory University and NBER
Liquidity Premia, Price-Rent Dynamics, and Business Cycles

10:00 am

Break

10:15 am

Marios Angeletos, Massachusetts Institute of Technology and NBER
Fabrice Collard, University of Bern
Harris Dellas, University of Bern
Quantifying Confidence

11:15 am

Break

11:30 am

Joao Gomes, University of Pennsylvania
Urban Jermann, University of Pennsylvania and NBER
Lukas Schmid, Duke University
Sticky Leverage

12:30 pm

Lunch & Adjourn

Tuesday, July 8:

8:30 am

Coffee and Pastries


9:00 am


Anton Korinek, Johns Hopkins University and NBER
Alp Simsek, Massachusetts Institute of Technology and NBER
Liquidity Trap and Excessive Leverage


10:00 am


Break


10:15 am


Cosmin L. Ilut, Duke University and NBER
Matthias Kehrig, University of Texas at Austin
Martin Schneider, Stanford University and NBER
Slow to Hire, Quick to Fire: Employment Dynamics with Asymmetric Responses to News


11:15 am


Break


11:30 am


Alejandro Justiniano, Federal Reserve Bank of Chicago
Giorgio Primiceri, Northwestern University and NBER
Andrea Tambalotti, Federal Reserve Bank of New York
Credit Supply and the Housing Boom


12:30 pm


Lunch


Wednesday, July 9


8:30 am


Coffee and Pastries


9:00 am


Jordi Gali, CREI and NBER
On the Inflationary Consequences of a Fiscal Stimulus Financed through Money Creation


10:00 am


Break


10:15 am


Xavier Gabaix, New York University and NBER
Matteo Maggiori,
Harvard University and NBER
International Liquidity and Exchange Rate Dynamics


11:15 am


Break


11:30 am


Emmanuel Farhi, Harvard University and NBER
Jean Tirole, Toulouse School of Economics
Deadly Embrace: Sovereign and Financial Balance Sheet Doom Loops


12:30 pm


Lunch


6:00 pm


Clambake at the Royal Sonesta Hotel


Thursday, July 10


8:30 am


Coffee and Pastries


9:00 am


Edouard Challe, Ecole Polytechnique
Julien Matheron, Banque de France
Xavier Ragot, Paris School of Economics
Juan Rubio-Ramírez, Duke University
Precautionary Saving and Aggregate Demand


10:00 am


Break


10:15 am


Michael Weber, University of Chicago
Nominal Rigidities and Asset Pricing


11:15 am


Break


11:30 am


Francois Gourio, Federal Reserve Bank of Chicago and NBER
Financial Distress and Endogenous Uncertainty


12:30 pm

`
Lunch


Friday, July 11 In the Charles A Room


8:30 am


Coffee and Pastries


9:00 am


Patrick Kehoe, Federal Reserve Bank of Minneapolis and NBER
Virgiliu Midrigan, New York University and NBER
Elena Pastorino,
University of Minnesota, Federal Reserve Bank of Minneapolis, and UCL
Debt Constraints and Unemployment


10:00 am


Break


10:15  am


Fernando E. Alvarez, University of Chicago and NBER
Francesco Lippi, EIEF
Herve Le Bihan, Banque de France
Small and large price changes and the propagation of monetary shocks


11:15 am


Break


11:30 am


William Fuchs, University of California at Berkeley
Brett Green, University of California at Berkeley
Dimitris Papanikolaou, Northwestern University and NBER
Adverse Selection, Slow Moving Capital and Misallocation


12:30 pm


Lunch and Adjourn