NATIONAL BUREAU OF ECONOMIC RESEARCH

Nineteenth Annual Conference on Macroeconomics

Mark Gertler and Kenneth Rogoff, Organizers

April 2 and 3, 2004

The Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, MA

PROGRAM

FRIDAY APRIL 2:

8:30 AM	Continental Breakfast

9:00 AM	GRACIELA KAMINSKY, George Washington University and NBER

CARMEN REINHART, University of Maryland and NBER

CARLOS VEGH, UC, Los Angeles and NBER

When It Rains It Pours:

Procylical Capital Flows and Macroeconomic Policies

Discussants: GITA GOPINATH, University of Chicago

ROBERTO RIGOBON, MIT and NBER

10:30 AM	Break

10:45 AM	ERIC ENGEN, American Enterprise Institute

R. GLENN HUBBARD, Columbia University and NBER

Federal Government Debt and Interest Rates

Discussants: JONATHAN PARKER, Princeton University and NBER

MATTHEW SHAPIRO, University of Michigan and NBER

12:15 PM	Lunch

1:45 PM	DOMENICO GIANNONE, ECARES

LUCREZIA REICHLIN, ECARE

LUCA SALA, IGIER

Monetary Policy in Real Time

Discussants: MARK WATSON, Princeton University and NBER

HARALD UHLIG, Humboldt University

3:15 PM	Break

3:30 PM	JORDI GALI, CREI and NBER

PAU RABANAL, International Monetary Fund

Technology Shocks and Aggregate Fluctuations:

How Well Does the RBC Model Fit Postwar U.S. Data?

Discussants: ELLEN MCGRATTAN, Federal Reserve Bank of Minneapolis and NBER

VALERIE RAMEY, UC, San Diego and NBER

5:00 PM	Adjourn

6:00 PM	Group Dinner

Royal Sonesta Hotel

SATURDAY, APRIL 3:

8:30 AM	Continental Breakfast

9:00 AM	DAVID BACKUS, New York University and NBER

BRYAN ROUTLEDGE, Carnegie Mellon University

STANLEY ZIN, Carnegie Mellon University and NBER

Exotic Preferences for Macroeconomists

Discussants: LARS HANSEN, University Chicago and NBER

IVAN WERNING, MIT and NBER

10:30 AM	Break

11:00 AM	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

The Business Cycle and the Life Cycle

Discussants: EVA NAGYPAL, Northwestern University

ROBERT SHIMER, University of Chicago and NBER

12:30 PM	Adjourn

3/24/04