NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

1050 Massachusetts Avenue, Cambridge, MA 02138

NINETEENTH ANNUAL MACROECONOMICS CONFERENCE

April 2-3, 2004

The Royal Sonesta Hotel

Cambridge, MA

EXOTIC PREFERENCES FOR MACROECONOMISTS

DAVID BACKUS

New York University and NBER

BRYAN ROUTLEDGE

Carnegie Mellon University

STANLEY ZIN

Carnegie Mellon University and NBER

Discussants: LARS HANSEN, University Chicago and NBER

IVAN WERNING, MIT and NBER