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

THE BUSINESS CYCLE AND THE LIFE CYCLE

PAUL GOMME

University of Iowa

RICHARD ROGERSON

Arizona State University and NBER

PETER RUPERT

Federal Reserve Bank of Cleveland

RANDALL WRIGHT

University of Pennsylvania and NBER

Discussants: EVA NAGYPAL, Northwestern University

ROBERT SHIMER, University of Chicago and NBER