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lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <div class=WordSection1> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=625 style='width:468.75pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt;line-height:115%;tab-stops: .5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%; font-family:"Arial","sans-serif"'>Authors, please upload your paper <a href="http://www.nber.org/confsubmit/backend/form?id=SI14EFPD">here</a>. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt; line-height:115%;font-family:"Arial","sans-serif"'>NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt; line-height:115%;font-family:"Arial","sans-serif"'>SI 2014 EFG Working Group - Price Dynamics <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt; line-height:115%;font-family:"Arial","sans-serif"'>Robert E. Hall, <span class=SpellE>Nir</span> <span class=SpellE>Jaimovich</span>, Aviv <span class=SpellE>Nevo</span>, and Duncan <span class=SpellE>Simester</span>, Organizers <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center; line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt; line-height:115%;font-family:"Arial","sans-serif"'>July 14-15, 2014 <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='text-align:center;line-height:115%; tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height: 115%;font-family:"Arial","sans-serif"'>Charles Room A<o:p></o:p></span></p> <p class=MsoNormal align=center style='text-align:center;line-height:115%; tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height: 115%;font-family:"Arial","sans-serif"'>Royal Sonesta Hotel<br> 40 Edwin H. Land Blvd<br> Cambridge, MA<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6;mso-yfti-lastrow:yes'> <td style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='text-align:center;line-height:115%; tab-stops:.5in 1.0in'><b><u><span style='mso-bidi-font-size:11.0pt; line-height:115%;font-family:"Arial","sans-serif"'>PROGRAM<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]></span></u></b><span style='mso-bidi-font-size:11.0pt;line-height: 115%;font-family:"Arial","sans-serif"'><o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal style='tab-stops:.5in 1.0in'><span style='mso-bidi-font-size: 11.0pt;font-family:"Arial","sans-serif"'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellpadding=0 style='mso-cellspacing:1.5pt; mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td width=620 colspan=2 valign=top style='width:465.0pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><b style='mso-bidi-font-weight:normal'><span style='mso-bidi-font-size:11.0pt; line-height:115%;font-family:"Arial","sans-serif"'>Monday, July 14<o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 8:15 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Coffee and Pastries<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 8:45 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Etienne Gagnon, Federal Reserve Board<br> David <span class=SpellE>López-Salido</span>, Federal Reserve Board<br> <a href="http://www.nber.org/confer/2014/SI2014/EFPD/Gagnon_Lopez-Salido.pdf"><i>Small Price Responses to Large Demand Shocks </i></a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 9:30 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> <span class=SpellE>Nir</span> <span class=SpellE>Jaimovich</span>, Duke University and NBER<br> Sergio <span class=SpellE>Rebelo</span>, Northwestern University, NBER, and CEPR<br> Arlene Wong, Northwestern University<br> <i style='mso-bidi-font-style:normal'>Frugal Consumers and the Labor Market</i><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 10:15 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 10:30 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Martin <span class=SpellE>Beraja</span>, University of Chicago<br> Erik Hurst, University of Chicago and NBER<br> Juan <span class=SpellE>Ospina</span>, University of Chicago<br> <a href="http://faculty.chicagobooth.edu/erik.hurst/research/regional_prices.pdf"><i>The Regional Evolution of Prices and Wages During the Great Recession</i></a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 11:15 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Luigi <span class=SpellE>Paciello</span>, <span class=SpellE>Einaudi</span> Institute for Economics and Finance<br> Andrea <span class=SpellE>Pozzi</span>, <span class=SpellE>Einaudi</span> Institute for Economics and Finance<br> Nicholas <span class=SpellE>Trachter</span>, Federal Reserve Bank of Richmond<br> <i><a href="Paciello_Pozzi_Trachter.pdf">Price Dynamics with Customer Markets</a> </i><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 12:00 pm<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Lunch and adjourn<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=620 colspan=2 valign=top style='width:465.0pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> <b style='mso-bidi-font-weight:normal'>Tuesday, July 15</b><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 8:15 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Coffee and Pastries<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 8:45 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> <span class=SpellE>Oleksiy</span> <span class=SpellE>Kryvtsov</span>, Bank of Canada<br> Nicolas Vincent, HEC Montreal<br> <i><a href="Kryvtsov_Vincent.pdf">On the Importance of Sales for Aggregate Price Flexibility</a></i><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:11'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 9:30 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Simon Gilchrist, Boston University and NBER<br> Raphael <span class=SpellE>Schoenle</span>, Brandeis University<br> Jae <span class=SpellE>Sim</span>, Federal Reserve Board<br> <span class=SpellE>Egon</span> <span class=SpellE>Zakrajsek</span>, Federal Reserve Board<br> <i>Inflation Dynamics During the Financial Crisis</i><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 10:15 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:13'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 10:30 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> <span class=SpellE>Yuriy</span> <span class=SpellE>Gorodnichenko</span>, University of California at Berkeley and NBER<br> <span class=SpellE>Viacheslav</span> <span class=SpellE>Sheremirov</span><br> <span class=SpellE>Oleksandr</span> Talavera, University of East Anglia<br> <a href="http://www.nber.org/confer/2014/SI2014/EFPD/Gorodnichenko_Talavera_Sheremirov.pdf"><i>Price Setting in Online Markets: Evidence from a Major Shopping Platform </i></a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 11:15 am<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Michael Weber, University of California at Berkeley <br> <a href="http://www.nber.org/confer/2014/SI2014/EFPD/Weber.pdf"><i>Nominal Rigidities and Asset Pricing </i></a><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:15;mso-yfti-lastrow:yes'> <td width=96 valign=top style='width:1.0in;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> 12:00 pm<o:p></o:p></span></p> </td> <td width=522 style='width:391.5pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='line-height:115%;tab-stops:.5in 1.0in'><span style='mso-bidi-font-size:11.0pt;line-height:115%;font-family:"Arial","sans-serif"'><br> Lunch and adjourn<o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-bidi-font-size:11.0pt;font-family:"Arial","sans-serif"'><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </div> </body> </html>