NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2010

 

Impulse and Propagation Mechanisms

 

Lawrence Christiano and Martin Eichenbaum, Organizers

 

Royal Sonesta Hotel
Charles Suite A

40 Edwin H. Land Blvd.

Cambridge, MA

 

July 12 – 16, 2010

 

PROGRAM

 

MONDAY, JULY 12:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

Mirko Wiederholt, Northwestern University

 

Luigi Paciello, Einaudi Institute, Rome

 

Imperfect Information and Optimal Monetary Policy

 

 

10:00 am

Break

 

 

10:15 am

Ricardo Reis, Columbia University and NBER

 

When Should Policymakers Make Announcements?

 

 

11:15 am

Break

 

 

11:30 am

Tarek Hassan, University of Chicago

 

Thomas Mertens, New York University

 

The Social Cost of Near-Rational Investment: Why We Should Worry about Volatile Stock Markets

 

 

12:30 pm

Lunch and Adjourn

 

 

TUESDAY, JULY 13:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

Marc Giannoni and Michael Woodford, Columbia University and NBER

 

Optimal Target Criteria for Stabilization Policy

 

 

10:00 am

Break

 

 

10:15 am

Harald Uhlig, University of Chicago and NBER

 

Thorsten Drautzburg, University of Chicago

 

Fiscal Stimulus and Distortionary Taxation

 

 

11:15 am

Break

 

 

11:30 am

Marco Del Negro, Gauti Eggertsson, and Andrea Ferrero, Federal Reserve Bank of New York

 

Nobuhiro Kiyotaki, Princeton University and NBER

 

The Great Escape? A Quantitative Evaluation of the Fed’s Non-Standard Policies

 

 

12:30 pm

Lunch and Adjourn

 

 

WEDNESDAY, JULY 14:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

Jonas Fisher and Gadi Barlevy, Federal Reserve Bank of Chicago

 

Mortgage Choices and Housing Speculation

 

 

10:00 am

Break

 

 

10:15 am

Cristina Arellano, Federal Reserve Bank of Minneapolis

 

Yan Bai, Arizona State University

 

Patrick Kehoe, Princeton University and NBER

 

Financial Markets and Fluctuations in Uncertainty

 

 

11:15 am

Break

 

 

11:30 am

Martin Eichenbaum, Northwestern University and NBER

 

Craig Burnside, Duke University and NBER

 

Sergio Rebelo, Northwestern University and NBER

 

Booms and Busts: Understanding Housing Market Dynamics

 

 

12:30 pm

Lunch and Adjourn

 

 

 6:00 pm

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

THURSDAY, JULY 15:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

Lawrence Christiano, Northwestern University and NBER

 

Mathias Trabandt and Karl Walentin, Riksbank

 

Involuntary Unemployment and the Business Cycle

 

 

10:00 am

Break

 

 

10:15 am

Jordi Gali, Universitat Pompeu Fabra and NBER

 

Unemployment, the Output Gap and the Design of Monetary Policy

 

 

11:15 am

Break

 

 

11:30 am

Kozo Ueda, Bank of Japan

 

Banking Globalization and International Business Cycles

 

 

 12:30 pm

Lunch and Adjourn

 

 

FRIDAY, JULY 16:

 

 

 8:30 am

Coffee and Pastries

 

 

 9:00 am

John Leahy, New York University and NBER

 

Comparative Statics with Indivisible Goods

 

 

10:00 am

Break

 

 

10:15 am

Stefano Eusepi, Federal Reserve Bank of New York

 

Bruce Preston, Columbia University

 

Labor Supply Heterogeneity and Macroeconomic Comovement

 

 

11:15 am

Break

 

 

11:30 am

Michelle Alexopoulos and Trevor Tombe, University of Toronto

 

Management Matters

 

 

12:30 pm

Lunch and Adjourn