NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



Monetary Economics Program Meeting



Ben S. Bernanke, Organizer and Program Director

April 27, 2001



1050 Massachusetts Avenue

Cambridge, Massachusetts

PRELIMINARY PROGRAM

THURSDAY, APRIL 26:



6:00 PM Dinner

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, MA 02139

FRIDAY, APRIL 27:



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



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

8:30 AM Continental Breakfast



9:00 AM GEORGE W. EVANS, University of Oregon

SEPPO HONKAPOHJA, University of Helsinki

Expectations and the Stability Problem for Optimal Monetary Policies

Discussant: BENNETT MCCALLUM, Carnegie-Mellon University and NBER



10:00 AM Break



10:15 AM ERIC T. SWANSON, Board of Governors

Optimal Nonliner Policy: Signal Extraction with a Non-Normal Prior



Discussant: NOAH WILLIAMS, University of Chicago



11:15 AM SUSAN ATHEY, MIT and NBER

ANDREW ATKESON, UC, Los Angeles and NBER

PATRICK KEHOE, University of Minnesota and NBER

On the Optimality of Transparent Monetary Policy



Discussant: JON FAUST, Board of Governors

12:15 PM Lunch



1:00 PM ROBERT J. BARRO, Harvard University and NBER

SILVANA TENREYRO, Harvard University

Closed and Open Economy Models of Business Cycles

with Marked Up and Sticky Prices

Discussant: MARK BILS, University of Rochester and NBER

Over, Please!



Monetary Economics Program Continued, Page 2:



2:00 PM Break



2:15 PM CHRISTOPHER OTROK, University of Virginia

B. RAVIKUMAR, Pennsylvania State University

CHARLES H. WHITEMAN, University of Iowa

Habit Formation: A Resolution of the Equity Premium Puzzle?

Discussant: JOHN C. HEATON, University of Chicago and NBER



3:15 PM Break



3:30 PM SUSANTO BASU and MILES S. KIMBALL, University of Michigan and NBER

Long-Run Labor Supply and the Elasticity of the Intertemporal

Substitution for Consumption



Discussant: ROBERT HALL, Stanford University and NBER



4:30 PM Adjourn



4/13/01