NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2001

Aggregate Implications of Microeconomic Consumption Behavior

Orazio Attanasio, Christopher Carroll, and Jose-Victor Rios-Rull, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 23-27, 2001

PRELIMINARY PROGRAM



MONDAY, JULY 23:



8:30 AM Coffee and Doughnuts



9:00 AM SULE ALAN, McMaster University

MARTIN BROWNING, Institute of Economics

Estimating Euler Equations Using Simulated Residual Estimation



10:00 AM Break



10:15 AM MARIOS ANGELETOS, Harvard University

DAVID LAIBSON, Harvard University and NBER

ANDREA REPETTO, JEREMY TOBACMAN, and STEPHEN WEINBERG

Harvard University

MSM Estimates of Time Preference Parameters



11:15 AM MUHAMMET FAITH GUVENEN, Carnegie Mellon University

MisMeasurement of the Elasticity of Intertemporal Substitution:

The Role of Limited Stock Market Participation



12:15 PM Lunch and Adjourn



TUESDAY, JULY 24:



8:30 AM Coffee and Doughnuts



9:00 AM CAROL BERTAUT, Federal Reserve Board

MICHAEL HALIASSOS, University of Cyprus

Debt Revolvers for Self-Control



10:00 AM Break



10:15 AM MARK HUGGETT, Georgetown University

GUSTAVO VENTURA, University of Western Ontario

AMIR YARON, University of Pennsylvania and NBER

Distributional Implications of a Benchmark Human Capital Model



SI01 EFACR Program

Page two



11:15 AM ERIC FRENCH, Federal Reserve Bank of Chicago

JOHN JONES, SUNY-Albany

The Effects of Health Insurance and Self-Insurance on Retirement Behavior



12:15 PM Lunch and Adjourn



WEDNESDAY, JULY 25:



8:30 AM Coffee and Doughnuts



9:00 AM NICHOLAS SOULELES, University of Pennsylvania and NBER

New Evidence on the Supply and Demand of Consumer Credit



10:00 AM Break



10:15 AM ROB ALESSIE, VU Amsterdam

STEFAN HOCHGUERTEL, European University Institute

GUGLIELMO WEBER, Università di Padova

Consumer Credit: Evidence from Italian Micro Data



11:15 AM ALBERT ANDO, University of Pennsylvania and NBER

A Micro Simulation Model of Demographic Development, Household Economic Behaviour and their Macroeconomic Implications

(Joint with S. NICOLETTI, Bank of Italy)



12:15 PM Lunch and Adjourn

THURSDAY, JULY 26:



8:30 AM Coffee and Doughnuts



9:00 AM KJETIL STORESLETTEN, Stockholm University

CHRIS TELMER, Carnegie Mellon University

AMIR YARON, University of Pennsylvania and NBER

Consumption and Risk Sharing Over the Life Cycle



10:00 AM Break



10:15 AM JESÚS FERNÁNDEZ-VILLAVERDE, University of Minnesota

DIRK KRUEGER, Stanford University

Consumption and Saving over the Life Cycle:

How Important are Consumer Durables?



11:15 AM GIUSEPPE BERTOLA, European University Institute

LUIGI GUISO, Ente Per Gli Studi Bancari

LUIGI PISTAFERRI, Stanford University

Uncertainty and Consumer Durables Adjustment



12:15 PM Lunch and Adjourn



SI EFACR Program

Page three



FRIDAY, JULY 27:



8:30 AM Coffee and Doughnuts



9:00 AM MICO MRKAIC, Duke University

VINCENZO QUADRINI, New York University

Entrepreneurial Investment and Savings

10:00 AM Break



10:15 AM MARCO CAGETTI, University of Virginia

MARIACRISTINA DE NARDI, University of Minnesota

Entrepreneurship, Default Risk, Bequests and Wealth Inequality



11:15 AM ALEXANDER MICHAELIDES, University of Cyprus

Buffer Stock Saving and Habit Formation



12:15 PM Lunch and Adjourn



7/5/01