NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

MONETARY ECONOMICS PROGRAM MEETING

Susanto Basu and Peter Ireland, Organizers

November 9, 2007

NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts

PROGRAM

THURSDAY, NOVEMBER 8:

6:00 p.m. Dinner

Restaurant Dante

(Royal Sonesta Hotel)

40 Edwin H. Land Boulevard

Cambridge, MA

FRIDAY, NOVEMBER 9:

8:15 a.m. Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue

8:30 a.m. Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue

8:30 a.m. Continental Breakfast

9:00 a.m. HESS CHUNG, Indiana University

ERIC LEEPER, Indiana University and NBER

What Has Financed Government Debt?

Discussant: JAMES HAMILTON, UC, San Diego and NBER

10:00 a.m. Break

10:20 a.m. GAUTI EGGERTSSON, Federal Reserve Bank of New York

Was the New Deal Contractionary?

Discussant: DALE HENDERSON, Federal Reserve Board

11:20 a.m. Break

11:40 a.m. GITA GOPINATH, Harvard University and NBER

OLEG ITSKHOKI, Harvard University

ROBERTO RIGOBON, MIT and NBER

Currency Choice and Exchange Rate Pass-Through

Discussant: PAOLO PESENTI, Federal Reserve Bank of New York and NBER

MONETARY ECONOMICS PROGRAM, PAGE 2:

12:40 p.m. Lunch

1:40 p.m. LAWRENCE CHRISTIANO, Northwestern University and NBER

COSMIN ILUT, Northwestern University

ROBERTO MOTTO and MASSIMO ROSTAGNO, European Central Bank

Monetary Policy and Stock Market Boom-Bust Cycles

Discussant: JOHN C. WILLIAMS, Federal Reserve Bank of San Francisco

2:40 p.m. Break

3:00 p.m. FRANCOIS VELDE, Federal Reserve Bank of Chicago

Chronicle of a Deflation Unforetold

Discussant: RICARDO REIS, Princeton University and NBER

4:00 p.m. PATRICK KEHOE, Federal Reserve Bank of Minneapolis and NBER

VIRGILIU MIDRIGAN, Federal Reserve Bank of Minneapolis

Sales and the Real Effects of Monetary Policy

Discussant: EMI NAKAMURA, Columbia University and NBER

5:00 p.m. Adjourn

9/28/07