SI 2017 Consumption: Micro to Macro

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

July 17-21, 2017

Longfellow Room

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

Conference Code of Conduct

Monday, July 17
8:30 am
Coffee and pastries
9:00 am
Christopher D. Carroll, Johns Hopkins University and NBER

An Introduction to the Computational Economics ARK: 'Algorithmic Repository and (tool)Kit'
9:45 am
Elisabeth Proehl, University of Geneva and Swiss Finance Institute

Discretizing the Infinite-Dimensional Space of Distributions to Approximate Markov Equilibria with Ex-Post Heterogeneity and Aggregate Risk
10:30 am
Break
10:45 am
David W. Berger, Duke University and NBER
Tianfang Cui, Chicago Booth
Nicholas Turner, Federal Reserve Board
Eric Zwick, University of Chicago and NBER

Stimulating Durable Purchases
11:30 am
Juan C. Hatchondo, University of Western Ontario
Leonardo Martinez, International Monetary Fund

Credit Risk Without Commitment
12:15 pm
Adjourn and lunch
Tuesday, July 18
8:30 am
Coffee and pastries
9:00 am
Moritz Kuhn, University of Bonn
Moritz Schularick, University of Bonn
Ulrike I. Steins, University of Bonn

The Great American Debt Boom, 1948-2013
9:35 am
Thomas Crossley, Essex University
Peter Levell, Institute for Fiscal Studies
Hamish Low, University of Oxford

Consumption Spending, Housing Investments and the Role of Leverage
10:10 am
Break
10:20 am
Adrien Auclert, Stanford University and NBER
Will S. Dobbie, Harvard University and NBER
Paul Goldsmith-Pinkham, Yale University

Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession
10:55 am
Yavuz Arslan, Bank for International Settlements
Bulent Guler, Indiana University
Burhanettin Kuruscu, University of Toronto

Housing Crisis, Deterioration of Bank Balance Sheets, and Macroprudential Policies
11:30 am
Break
11:40 am
Lukasz Drozd, Federal Reserve Bank of Philadelphia
Ricardo Serrano-Padial, Drexel University

Credit Enforcement Cycles
12:15 pm
Adjourn and lunch
Wednesday, July 19
8:30 am
Coffee and pastries
9:00 am
Brant Abbott, Queen's University
Giovanni Gallipoli, University of British Columbia

``Permanent Income'' Inequality
9:45 am
Joachim Hubmer, University of Pennsylvania
Per Krusell, Stockholm University and NBER
Anthony A. Smith, Jr., Yale University and NBER

The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation
10:30 am
Break
10:45 am
Fabian Kindermann, University of Regensburg
Sebastian Kohls, Northwestern University

Rental Markets and Wealth Inequality in the Euro-Area
11:30 am
Jay Hong, Seoul National University
Josep Pijoan-Mas, Center for Monetary and Financial Studies
José-Víctor Ríos-Rull, University of Pennsylvania and NBER

Health, Consumption, and Inequality
12:15 pm
Adjourn and lunch
Thursday, July 20
8:30 am
Coffee and pastries
9:00 am
Galo Nuno Barrau, Banco de España
Carlos Thomas, Banco de España

Optimal Monetary Policy with Heterogeneous Agents
9:45 am
Martin Beraja, Massachusetts Institute of Technology and NBER
Andreas Fuster, Swiss National Bank
Erik Hurst, University of Chicago and NBER
Joseph S. Vavra, University of Chicago and NBER

Regional Heterogeneity and Monetary Policy
10:30 am
Break
10:45 am
Elin Halvorsen, Statistics Norway
Hans A. Holter, University of Oslo
Serdar Ozkan, University of Toronto
Kjetil Storesletten, University of Oslo

The Distributions of Income and Consumption Risk: Evidence from Norwegian Registry Data
11:30 am
Giovanni Gallipoli, University of British Columbia
Hamish Low, University of Oxford
Aruni Mitra

Consumption and Income Persistence Across Generations
12:15 pm
Adjourn and lunch
6:00 pm
Clambake at the Royal Sonesta Hotel
Friday, July 21
8:30 am
Coffee and pastries
9:00 am
Andreas Fagereng, Statistics Norway & BI Norwegian Business School
Martin B. Holm, University of Oslo
Gisle J. Natvik, BI Norwegian Business School

MPC Heterogeneity and Household Balance Sheets
9:35 am
Marco Di Maggio, Harvard University and NBER
Amir Kermani, University of California, Berkeley and NBER
Kaveh Majlesi, Lund University

Stock Market Returns and Consumption
10:10 am
Break
10:20 am
Dimitris Christelis, University of Naples Federico II
Dimitris Georgarakos, European Central Bank
Tullio Jappelli, University of Naples Federico II
Luigi Pistaferri, Stanford University and NBER
Maarten van Rooij, Dutch Central Bank

Asymmetric Consumption Effects of Transitory Income Shocks
10:55 am
Dmytro Hryshko, University of Alberta
Iourii Manovskii, University of Pennsylvania and NBER

How Much Consumption Insurance in the U.S.?
11:30 am
Break
11:40 am
Michael Gelman, Claremont McKenna College
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Shachar Kariv, University of California at Berkeley
Dmitri K. Koustas, University of Chicago
Matthew D. Shapiro, University of Michigan and NBER
Dan Silverman, Arizona State University and NBER
Steven Tadelis, University of California, Berkeley and NBER

The Response of Consumer Spending to Changes in Gasoline Prices
12:15 pm
Adjourn and lunch