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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2009

 

Monetary Economics Workshop

 

David Romer, Organizer

 

Royal Sonesta Hotel

Room Charles A

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

July 6 - 10, 2009

 

PROGRAM

 

MONDAY, JULY 6:

 

 

12:00 n

Lunch

 

 

 1:00 pm

BARTOS MAĆKOWIAK, European Central Bank

 

EMANUEL MOENCH, Federal Reserve Bank of New York

 

MIRKO WIEDERHOLT, Northwestern University

 

Sectoral Price Data and Models of Price Setting

 

 

 1:55 pm

REBECCA BARROS, IBRE, Getulio Vargas Foundation

 

MARCO BONOMO, EPGE, Getulio Vargas Foundation

 

CARLOS CARVALHO, Federal Reserve Bank of New York

 

SILVIA MATOS, IBRE, Getulio Vargas Foundation

 

Price Setting in a Variable Macroeconomic Environment: Evidence from Brazilian CPI

 

 

 2:50 pm

Break

 

 

 3:05 pm

ALESSANDRO BARATTIERI, Boston College

 

SUSANTO BASU, Boston College and NBER

PETER GOTTSCHALK, Boston College

 

Some Evidence on the Importance of Sticky Wages

 

 

 4:00 pm

Adjourn

 

 

TUESDAY, JULY 7:

 

 

12:00 n

Lunch

 

 

 1:00 pm

UDAY RAJAN, University of Michigan

 

AMIT SERU, University of Chicago

 

VIKRANT VIG, London Business School

 

The Failure of Models That Predict Failure:  Distance, Incentives and Defaults

 

 

 1:55 pm

DENIZ IGAN, PRACHI MISHRA and THIERRY TRESSEL,

 

International Monetary Fund

 

A Fistful of Dollars: Lobbying and the Financial Crisis

 

 

 2:50 pm

Break

 

 

3:05 pm

Discussion with JÓN STEINSSON, Columbia University and NBER

 

Iceland’s Financial Meltdown

 

 

 4:00 pm

Adjourn

 

 

WEDNESDAY, JULY 8:

 

 

12:00 n

Lunch

 

 

 1:00 pm

ROBERT BARRO, Harvard University

 

EMI NAKAMURA, Columbia University and NBER

 

JÓN STEINSSON, Columbia University and NBER

 

JOSÉ URSÚA, Harvard University

 

Crises and Recoveries in an Empirical Model of Consumption Disasters

 

 

 1:55 pm

OLIVIER J. BLANCHARD, MIT, and NBER

 

JEAN-PAUL L’HUILLIER, MIT

 

GUIDO LORENZONI, MIT and NBER

 

News, Noise, and Fluctuations: An Empirical Exploration

 

 

 2:50 pm

Break

 

 

 3:05 pm

ZHIGUO HE, University of Chicago

 

WEI XIONG, Princeton University and NBER

 

Dynamic Debt Runs

 

 

 4:00 pm

Adjourn

 

 

 6:00 pm

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

THURSDAY, JULY 9:

 

 

12:00 n

Lunch

 

 

 1:00 pm

JOHN B. TAYLOR, Stanford University and NBER

 

VOLKER WIELAND, Goethe University Frankfurt

 

Surprising Comparative Properties of Monetary Models: Results from a New Data Base

 

 

 1:55 pm

ERICA X.N. LI and FRANCISO PALOMINO, University of Michigan

 

The Federal Reserve and the Cross-Section of Stock Returns

 

 

 2:50 pm

Break

 

 

 3:05 pm

ZHIGUO HE, University of Chicago

 

ARVIND KRISHNAMURTHY, Northwestern University and NBER

 

Intermediary Asset Pricing

 

 

 4:00 pm

Adjourn

 

 

FRIDAY, JULY 10:

 

 

JOINT SESSION WITH THE ASSET PRICING GROUP AND THE INTERNATIONAL FINANCE AND MACROECONOMICS GROUP (Ballroom, West Tower)

 

 

11:00 am

Discussion on the Crisis

 

FREDERIC MISHKIN, Columbia University and NBER

 

 

12:30 pm

Lunch

 

 

MONETARY ECONOMICS WORKSHOP cont. (Room Charles A)

 

 

1:30 pm

ATIF MIAN, University of Chicago and NBER

 

AMIR SUFI, University of Chicago

 

The Effect of House Prices on Homeowner Borrowing and the U.S. Household Leverage Crisis

 

 

2:25 pm

TAKEO HOSHI, UC, San Diego and NBER

 

ANIL K KASHYAP, University of Chicago and NBER

 

Will the U.S. Bank Recapitalization Succeed? Lessons from Japan

 

 

3:20 pm

Adjourn

 

 

THE INAUGURAL MARTIN FELDSTEIN LECTURE

 

 

4:30 pm

JOHN B. TAYLOR, Stanford University and NBER

 

Empirically Evaluating Economic Policy in Real Time

 

 

6:00 pm

Adjourn

 

 

 

 

 

 

 

 

4/22/09