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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2015 Aggregate Implications of Micro

Orazio Attanasio, Christopher D. Carroll, and José-Víctor Ríos-Rull, Organizers

July 13-17, 2015

Longfellow Room
Royal Sonesta Hotel
40 Edwin H. Land Blvd.
Cambridge, MA

PROGRAM

Monday, July 13
8:30 am	Coffee and pastries
9:00 am	Greg Kaplan, Princeton University and NBER Kurt Mitman, Institute for International Economic Studies Giovanni L. Violante, New York University and NBER Consumption and House Prices in the Great Recession: Model Meets Evidence
9:45 am	Yuliya Demyanyk, Federal Reserve Bank of Cleveland Dmytro Hryshko, University of Alberta Maria Luengo-Prado, Federal Reserve Bank of Boston Bent Sorensen, University of Houston The Rise and Fall of Consumption in the `00s
10:30 am	Break
10:45 am	Aaron Hedlund, University of Missouri Failure to Launch: Housing, Debt Overhang, and the Inflation Option During the Great Recession
11:30 am	Anthony A. DeFusco, University of Pennsylvania Homeowner Borrowing and Housing Collateral: New Evidence from Expiring Price Controls
12:15 pm	Lunch
Tuesday, July 14
8:30 am	Coffee and pastries
9:00 am	Richard Blundell, University College London Ran Gu, University College London Søren Leth-Petersen, University of Copenhagen Hamish Low, University of Cambridge Costas Meghir, Yale University and NBER Durables, Lemons, and Shocks
9:45 am	Michael C. Best, Stanford Institute for Economic Policy Research James S. Cloyne, Bank of England Ethan Ilzetzki, London School of Economics Henrik Kleven, London School of Economics Interest Rates, Debt and Intertemporal Allocation: Evidence From Notched Mortgage Contracts in the UK
10:30 am	Break
10:45 am	Deniz Aydin, Stanford University The Marginal Propensity to Consume Out of Liquidity
11:30 am	Eduardo Davila, New York University Using Elasticities to Derive Optimal Bankruptcy Exemptions
12:15 pm	Lunch
Wednesday, July 15
8:30 am	Coffee and pastries
9:00 am	Jonathan D. Fisher, Stanford University David Johnson, Bureau of Economic Analysis Timothy Smeeding, University of Wisconsin-Madison Jeffrey P. Thompson, Federal Reserve Board Inequality in 3-D: Income, Consumption, and Wealth
9:45 am	David Domeij, Stockholm School of Economics Fatih Guvenen, University of Minnesota and NBER Christopher Busch, University of Cologne Rocio Madera, University of Minnesota Higher-Order Income Risk and Social Insurance Policy Over the Business Cycle
10:30 am	Break
10:45 am	Lorenz Kueng, Northwestern University and NBER Evgeny Yakovlev, Acumen LLC How Persistent Are Consumption Habits? Micro-Evidence from Russia
11:30 am	Raul Santaeulalia-Llopis, Washington University in St. Louis Yu Zheng, City University of Hong Kong The Price of Growth: Consumption Insurance in China 1989-2009
12:15 pm	Lunch
6:00 pm	Clambake at the Royal Sonesta Hotel
Thursday, July 16
8:30 am	Coffee and pastries
9:00 am	Alessandro Mennuni, University of Southampton Liquid Savings over the Business Cycle
9:45 am	Agnes Kovacs, Norwegian School of Economics Temptation and Commitment: the Role of Housing
10:30 am	Break
10:45 am	Dimitris Christelis, University of Naples Federico II, CSEF, CFS and CEPAR Dimitris Georgarakos, Goethe University Frankfurt Tullio Jappelli, University of Naples Federico II Maarten van Rooij, Dutch Central Bank Consumption Uncertainty and Precautionary Saving
11:30 am	Jesse Bricker, Federal Reserve Board Jacob Krimmel, Federal Reserve Board Claudia R. Sahm, Federal Reserve Board ‘House Prices Can’t Fall’: Do Beliefs Affect Consumer Spending and Borrowing Cycles?
12:15 pm	Lunch
Friday, July 17
9:00 am	Giovanni Gallipoli, University of British Columbia Brant Abbott, University of British Columbia Human Capital Spillovers and the Geography of Intergenerational Mobility
9:45 am	Lutz Hendricks, University of North Carolina, Chapel Hill Todd Schoellman, Arizona State University Christopher M. Herrington, Arizona State University Family Background, Academic Ability, and College Decisions in the 20th Century U.S.
10:30 am	Break
10:45 am	Mary Ann Bronson, Georgetown University Degrees Are Forever: Marriage, Educational Investment, and Lifecycle Labor Decisions of Men and Women
11:30 am	Makoto Nakajima, Federal Reserve Bank of Philadelphia Didem Tuzemen, Federal Reserve Bank of Kansas City Health Care Reform or Labor Market Reform? A Quantitative Analysis of the Affordable Care Act
12:15 pm	Lunch and adjourn