Macroeconomics Workshop, 1999/00 - 2004/05
| 1999/00 | 2000/01 | 2001/02 | 2002/03 | 2003/04 | 2004/05 |
To find the Archives for more recent years, go to the Events/Seminars page and scroll to the bottom, Past Events
2004/05 | |
Sep. 7 | Ricardo Reis, Princeton University, "Inattentive Consumers" [Paper] |
Sep. 14 | Fatih Guvenen, University of Rochester, "Learning Your Earning: Are Labor Income Shocks Really Very Persistent?" [Paper] |
Sep. 21 | Mike Golosov, MIT, "Menu Costs and Phillips Curves" (with Robert Lucas) [Paper] |
Sep. 28 | Mark Bils, University of Rochester, "Measuring Growth from Better and Better Goods" [Paper] |
Oct. 5 | Jesus Fernandez-Villaverde, UPENN, "A,B,C's (and D)'s for Understanding VARs" (with Juan Rubio and Tom Sargent) [Paper] |
Oct. 19 | Allan Drazen, University of Maryland, "Political Budget Cycles in New versus Established Democracies" (with Adi Brender) [Paper] and "Political Budget Cycles Without Deficits: How to Play Favorites" (with Marcela Eslava) [Paper] |
Oct. 26 | Chris House, University of Michigan, "Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation" (with Matthew Shapiro) [Paper] |
Nov. 9 | Richard Rogerson, Arizona State University, "Structural Transformation and the Deterioration of European Labor Market Outcomes" [Paper] |
Nov. 16 | Frank Schorfheide, UPENN, "On the Fit and Forecasting Performance of New-Keynesian Models" (with Marco Del Negro, Frank Smets and Raf Wouters) [Paper] |
Nov. 30 | Xavier Gabaix, MIT, "Power Laws and the Mega-Idiosyncratic Origins of Aggregate Fluctuations" [Paper] |
Dec. 2 | Huw Lloyd-Ellis, Queen's University, "Schumpeterian Restructuring" (with Patrick Francois) [Paper] Joint with Macro Lunch |
Dec. 7 | Gian Luca Violante, NYU, "Optimal Welfare-to-Work Programs" (with Nicola Pavoni) [Paper] |
Feb. 15 | Martin Weitzman, Harvard University, "A Unified Bayesian Theory of Equity 'Puzzles'" |
Feb. 22 | Cédric Tille, Federal Reserve Bank of New York, "Financial Integration and the Wealth Effect of Exchange Rate Fluctuations" [Paper] |
Mar. 1 | Luigi Guiso, University of Sassari, visiting University of Chicago, "Cultural Biases in Economic Exchange" (with Paola Sapienza, and Luigi Zingales) [Paper] |
Mar. 22 | Harald Uhlig, Humboldt University, "Macroeconomics and Asset Markets: Some Mutual Implications" [Paper] |
Mar. 29 | Graciela Kaminksy, George Washington University, "When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies" (with Carmen M. Reinhart and Carlos A. Vegh) [Paper] |
Apr. 5 | Helene Rey, Princeton University, "International Financial Adjustment" (with Pierre-Olivier Gourinchas) [Paper] |
Apr. 12 | Martin Schneider, NYU, "Real Effects of Inflation through the Redistribution of Nominal Wealth" (with Matthias Doepke) [Paper] |
Apr. 19 | Robert J. Shiller, Yale University, "The Life-Cycle Personal Accounts Proposal for Social Security: An Evaluation" [Paper] |
Apr. 26 | Enrique Mendoza, University of Maryland, "Sudden Stops in a Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin's Q" [Paper] |
May 3 | Jonathan Parker, Princeton University, "Optimal Expectations" (with Markus K. Brunnermeier) [Paper] |
2003/04 | |
Sep. 9 | Eduardo Engel, Yale University, "Adjustment is Much Slower than You Think" (with Ricardo J. Caballero) [Paper] |
Sep. 16 | Roberto Rigobon, MIT Sloan, "Asset Prices and Exchange Rates" (with Anna Pavlova) [Paper] |
Sep. 23 | Giuseppe Moscarini, Yale University, "Competence Implies Credibility" [Paper] |
Sep. 30 | Randy Wright, University of Pennsylvania, "Search, Money and Capital: A Neoclassical Dichotomy" (with S. Boragan Aruoba) [Paper] |
Oct. 7 | Dirk Krueger, University of Pennsylvania, "Does Income Inequality Lead to Consumption Inequality? Evidence and Theory" (with Fabrizio Perri) [Paper] |
Oct. 14 | Monika Piazzesi, UC Los Angeles, "Housing, Consumption and Asset Pricing" (with Martin Schneider and Selale Tuzel) [Paper] |
Oct. 21 | Chad Syverson, University of Chicago, "Reallocation, Firm Turnover, and Efficiency: Selection on Productivity or Profitability?" (with Lucia Foster and John Haltiwanger) [Paper] |
Oct. 28 | Andrew Abel, Wharton School at UPENN, "Investment, Valuation, and Growth Options" (with Janice Eberly) [Paper] |
Nov. 4 | Urban Jermann, Wharton School at UPENN, "Using Asset Prices to Measure the Persistence of the Marginal Utility of Wealth" (with Fernando Alvarez) [Paper] |
Nov. 11 | Julio Rotemberg, Harvard Business School, "The Benevolence of the Baker: Fair Pricing under the Threat of Customer Anger" [Paper] |
Nov. 18 | Ivan Werning, MIT, "Optimal Commitment" [Paper] |
Dec. 2 | Fernando Alvarez, University of Chicago, "On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand" (with Andrew Atkeson and Chris Edmond) [Paper] |
Dec. 9 | George Hall, Yale University, "Price Discrimination in the Steel Market" (with Hiu Man Chan and John Rust) |
Feb. 24 | Fabio Ghironi, Boston College & European University Institute, "International Trade and Macroeconomic Dynamics with Heterogeneous Firms" (with Marc Melitz) [Paper] |
Mar. 2 | Andrew Postlewaite, University of Pennsylvania/Cowles visitor, "Do Children Learn to Save from Their Parents?" (with John Knowles) [Paper] |
Mar. 23 | Paul Bergin, UC Davis, "Endogenous Tradability and Macroeconomic Implications"s (with Reuven Glick) [Paper] |
Mar. 30 | Christian Hellwig, UCLA, "The Social Cost of Heterogeneous Information" [Paper] |
Apr. 6 | Robert Shimer, University of Chicago, "The Cyclical Behavior of Equilibrium Unemployment and Vacancies: Evidence and Theory" [Paper] |
Apr. 13 | Guido Lorenzoni, Princeton University, "Imperfect Information, Consumers' Expectations and Business Cycles" |
Apr. 20 | Amartya Lahiri, Federal Reserve Bank of New York, "Segmented Asset Markets and Optimal Exchange Rate Regimes" (with Rajesh Singh and Carlos Vegh) [Paper] |
2002/03 | |
Sep. 10 | Pierre-Olivier Gourinchas, Princeton University, "On the Benefits of Capital Account Liberalization for Emerging Economies" (with Olivier Jeanne) [Paper] |
Sep. 13 | Sydney Ludvigson, NYU, "Expected Returns and Expected Dividend Growth" (with Martin Lettau) [Paper] Joint with Finance Workshop |
Sep. 17 | Sergio Rebelo, Northwestern University, "When is it Optimal to Abandon a Fixed Exchange Rate?" (with Carlos Vegh) [Paper] |
Sep. 24 | Oded Galor, Brown University, "Natural Selection and the Origin of Economic Growth" (and Omer Moav) [Paper] |
Oct. 1 | Olivier Jeanne, IMF, "Short-term Capital Flows and the International Financial Architecture" |
Oct. 8 | Lee Ohanian, UCLA, "New Deal Policies and the Persistence of the Great Depression" (with Harold L. Cole) [Paper] Joint with Economic History Workshop |
Oct. 15 | Tom Krebs, Brown, "Recursive Equilibrium in Endogenous Growth Models with Incomplete Markets" [Paper] |
Oct. 22 | Aubhik Khan, Philadelphia Fed, "Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies" (and Julia K. Thomas) [Paper] |
Oct. 29 | Giuseppe Moscarini, Yale University, "Aggregate Worker Reallocation and Occupational Mobility in the US: 1971-2000" (with Francis Vella) [Paper] Joint with Labor and Population Workshop |
Nov. 5 | Christopher Otrok, Virginia, "A Generalized Volatility Bound for Dynamic Economies" (with B. Ravikumar and Charles H. Whiteman) [Paper] |
Nov. 15 | Robert Hall, Stanford University, "Dynamics of Corporate Earnings" [Paper] Joint with Cowles Foundation Seminar |
Nov. 19 | Laurent Calvet, Harvard University, "Idiosyncratic Production Risk, Growth, and the Business Cycle" (with George-Marios Angeletos) [Paper] |
Dec. 3 | Carlos Vegh, UC Los Angeles, "On the Non-Monotonic Relation between Interest Rates and the Exchange Rate" (with Amartya Lahiri) [Paper] |
Feb. 25 | John Leahy, NYU, "Wealth Accumulation and the Propensity to Plan" (with John Ameriks and Andrew Caplin) [Paper] |
Mar. 4 | Joseph Zeira, Hebrew University, visiting Kennedy School). "Innovations, Patent Races and Endogenous Growth" [Paper] |
Mar. 25 | Orazio Attanasio, UCL, "Empirical Implications of Limited Commitment: Evidence from Mexican Villages" (with Pedro Albarran) [Paper] |
Apr. 1 | Francesco Caselli, Harvard, "Dynastic Management" (with Nicola Gennaioli) [Paper] |
Apr. 8 | Hyun Song Shin, London School of Economics, "Beauty Contests, Bubbles and Iterated Expectations in Asset Markets" (with Franklin Allen and Stephen Morris) [Paper] Joint with Micro Theory Workshop |
Apr. 15 | Andres Velasco, Kennedy School, "Tough Policies, Incredible Policies" (with Alejandro Neut) [Paper] |
Apr. 22 | Jeff Frankel, Kennedy School, "A Proposed Monetary Regime for Small Commodity-Exporters: Peg the Export Price ('PEP')" [Paper] |
Apr. 24 | Maurice Obstfeld, UC Berkeley, "The Case for Open-Market Purchases in a Liquidity Trap" (with Alan J. Auerbach) [Paper] |
May 2 | Ayse Imrohoroglu, University of Southern California, "Entry Costs, Intermediation, and Capital Flows" (with Krishna Kumar) [Paper] |
May 6 | Scott Schuh, Boston Fed, "Inventory Investment and Output Volatility" (with Owen Irvine) [Paper] |
2001/02 | |
Sep. 18 | Andres Velasco, Harvard JFK School of Government, "Third Generation Models of Financial Crises" |
Sep. 25 | David Laibson, Harvard University, "The 6D Bias and the Equity Premium Puzzle" (with Xavier Gabaix) [Paper] |
Oct. 2 | Nicholas Souleles, University of Pennsylvania, Wharton School, "Consumer Credit" |
Oct. 9 | Ricardo Lagos, New York University, "A Model of TFP" |
Oct. 16 | Mark Huggett, Georgetown University, "Precautionary Wealth Accumulation" [Paper] |
Oct. 23 | Guido Lorenzoni, Princeton, "The Real Bills vs. Monetary Control" |
Oct. 30 | Victor Rios-Rull, University of Pennsylvania, "A Quantitative Theory of Unsecured Consumer Credit with Risk of Default" |
Nov. 13 | Mark Bils, University of Rochester, "Some Evidence on the Importance of Sticky Prices" (with Pete Klenow) |
Nov. 27 | Ennio Stacchetti, University of Michigan, "Sequential Equilibrium in a Ramsey Tax Model" (with Chris Phelan) [Paper] |
Dec. 4 | Luca Dedola, Bank of Italy, "Macroeconomics of International Price Discrimination" (with Giancarlo Corsetti) |
Feb. 19 | Anil Kashyap, University of Chicago GSB, "Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data" (with Judith A. Chevalier) [Paper] |
Feb. 26 | Peter Klenow, Federal Reserve Bank if Minneapolis, "The Variety and Quality of a Nation's Trade" (with David Hummels) [Paper] |
Mar. 26 | Christian Gollier, University of Toulouse, "Time Horizon and the Discount Rate" [Paper] and "Transitory Shocks to GNP and the Consumption-Based Term Structure of Interest Rates" [Paper] |
Apr. 1 | Owen Lamont, University of Chicago, GSB, "Evaluating Value Weighting: Corporate Events and Market Timing" [Paper] |
Apr. 9 | Olivier Jeanne, IMF, External Debt Crises and the International Financial Architecture |
2000/01 | |
Sep. 15 | Steven Davis, University of Chicago, "On the Gains to International Trade in Risky Financial Assets" (with Jeremy Nalewaik and Paul Willen) |
Sep. 19 | Patrick Kehoe, University of Pennsylvania and Minneapolis FED, "The Transition to a New Economy" (with Andrew Atkeson) |
Sep. 26 | Luis Viceira, Harvard University, "A Multivariate Model of Strategic Asset Allocation" (with John Y. Campbell and Y. Lewis Chan) [Paper] |
Oct. 3 | Giuseppe Moscarini, Yale University, "Gross and Net Worker Reallocation: Evidence from the NLSY79" (with Francis Vella) |
Oct. 10 | Narayana Kocherlakota, University of Minnesota, "Societal Benefits of Nominal Bonds" |
Nov. 1 | Akihiko Matsui, Tokyo and Georgetown University, "A Theory of Money with Market Places"' (with Takashi Shimizu) [Paper] Joint with Microeconomic Theory Workshop |
Nov. 10 | Steven Durlauf, University of Wisconsin at Madison, "Growth Economics and Reality" (with William Brock, University of Wisconsin) |
Nov. 14 | Thomas Cooley, New York University, "Limited Enforceability, Heterogeneity and the Macroeconomy" |
Feb. 27 | Per Krusell, Rochester, "Temptation and Taxation" (with Burhanettin Kuruscu and Anthony Smith) |
Mar. 30 | Edward Prescott, Minnesota, "Taxes, Regulations, and Asset Prices" (with Ellen McGrattan) Joint with Cowles Foundation Seminar |
Apr. 3 | V.V. Chari, Minnesota, "Financial Crises as Herds" (with Patrick Kehoe) |
Apr. 10 | N. Gregory Mankiv, Harvard, "The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment" |
Apr. 17 | In-Koo Cho, Illinois, "Escape Dynamics" (with Lars Hansen and Thomas Sargent, Stanford) |
Apr. 18 | Lars Peter Hansen, University of Chicago, "Robustness and Pricing with Uncertain Growth" Joint with Cowles Foundation Seminar and Microeconomic Theory Workshop |
1999/00 | |
Sep. 14 | Robert J. Shiller and Stefano Athanasoulis, Yale University, "World Income Components: Some New Results" [Paper] |
Sep. 21 | William Dupor, Wharton School, University of Pennsylvania, "Keynesian Conundrum: Multiplicity and Time Consistent Stabilization" [Paper] |
Oct. 12 | Skander van den Heuvel, Yale University, "The Bank Capital Channel of Monetary Policy" |
Oct. 19 | Stephen Zeldes, Columbia GSB, "Do the Rich Save More?" (with Karen Dynan and Jonathan Skinner) |
Oct. 26 | Andrew Atkeson, University of Minnesota, "Volatile Exchange Rates and the Forward Premium Anomaly: A Segmented Asset Market View" (with Fernando Alvarez and Patrick Kehoe) [Paper] |
Nov. 2 | Carlos Végh, UCLA, "Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises" (with Amartya Lahiri) [Paper] |
Nov. 9 | Charles Engel, University of Washington and John H. Rogers, Board of Governors, "Deviations from the Law of One Price: Sources and Welfare Costs" [Paper] |
Nov. 30 | Jonathan Parker, Princeton University, "The Consumption Function Revisited" |
Dec. 7 | Francesco Giavazzi, Bocconi University, "The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets" (with Carlo A. Favero and Luca Flabbi) [Paper] |
Feb. 8 | Hélène Rey, LSE and UC Berkeley, "Financial Super-Markets: Size Matters for Asset Trade" (with Philippe Martin) [Paper] |
Feb. 22 | David Laibson, Harvard University, "A Debt Puzzle" |
Feb. 29 | Richard Clarida, Columbia University, The Empirics of Monetary Policy Rules in Open Economies |
Mar. 21 | Nobuhiro Kiyotaki, LSE, "Credit Chains" (with John Moore) |
Apr. 4 | Roland Benabou, Princeton University, "Self-Confidence: Intrapersonal Strategies" (with Jean Tirole) [Paper] and "Self-Confidenceand Social Interactions" (with Jean Tirole) [Paper] Joint with Microeconomic Theory Workshop |
Apr. 11 | Marco Bassetto, Northwestern University, "Game-Theoretic Foundations of the Fiscal Theory of the Price Level" [Paper] |
Apr. 18 | Eduardo Engel, Chile, "Lumpy Adjustment and Aggregate Dynamics" |
Apr. 25 | Matthew Shapiro, Michigan, "Displaced Capital: A Study of Aerospace Plant Closings" (with Valerie E. Ramey) [Paper] |
May 2 | Fernando Alvarez, University of Chicago, "Using Asset Prices to Measure the Cost of Business Cycles" (with Urban Jermann) [Paper] |