NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
Summer Institute 2003
Monetary Economics Workshop
Christina D. Romer and David H. Romer, organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 14 - 18, 2003
Preliminary Program
Monday, July 14:
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2:15 PM | DANIEL LEVY, Bar-Ilan University
ANDREW T. YOUNG, Emory University
The Real Thing: Nominal Price Rigidity of the Nickel Coke, 1886-1959
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Tuesday, July 15:
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1:00 PM | STEPHEN R. BOND, Oxford University
JASON G. CUMMINS, Board of Governors of the Federal Reserve System
Uncertainty and Company Investment:
An Empirical Investigation Using Data on Analysts' Profit Forecasts
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Wednesday, July 16:
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1:00 PM | BEN S. BERNANKE, Board of Governors of the Federal Reserve
System
KENNETH N. KUTTNER, Federal Reserve Bank of New York
What Explains the Stock Market's Reaction to Federal Reserve Policy?
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2:15 PM | REFET S. GURKAYNAK, BRIAN SACK and ERIC SWANSON,
Board of Governors of the Federal Reserve System
The Excess Sensitivity of Long-Term Interest Rates:
Evidence and Implications for Macroeconomic Models
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6:00 PM | Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA |
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Thursday, July 17:
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1:00 PM | Discussion with Ben S. Bernanke, Board of Governors of the Federal Reserve System
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2:15 PM | VALERY A. RAMEY, UC, San Diego and NBER
DANIEL J. VINE, UC, San Diego
Tracking the Source of the Decline in GDP Volatility:
An Analysis of the Automobile Industry
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Friday, July 18:
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1:00 PM | MAURICE OBSTFELD and ALAN J. AUERBACH, UC, Berkeley and NBER
The Case for Open-Market Purchases in a Liquidity Trap
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2:15 PM | GAUTI EGGERTSSON, International Monetary Fund
MICHAEL WOODFORD, Princeton University and NBER
The Zero Bound on Interest Rates and Optimal Monetary Policy
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