NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Economic Fluctuations and Growth Research Meeting

Mark Bils and Christopher Sims, Organizers

July 21, 2001

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

PRELIMINARY PROGRAM

FRIDAY, JULY 20:

6:30 PM Reception and Dinner

Royal Sonesta Hotel

SATURDAY, JULY 21:

8:30 AM Continental Breakfast

9:00 AM Love and Money:

A Theoretical and Empirical Analysis of Household Sorting and Inequality

RAQUEL FERNÁNDEZ, New York University and NBER

NEZIH GUNER, Queen's University

JOHN KNOWLES, University of Pennsylvania

Discussant: To Be Announced

10:00 AM Coffee Break

10:30 AM Aggregate Consequences of Limited Contract Enforceability

THOMAS COOLEY, New York University

RAMON MARIMON, European University Institute and NBER

VINCENZO QUADRINI, New York University

Discussant: To Be Announced

11:30 AM Money as Stock:

Price Level Determination with no Money Demand

JOHN COCHRANE, University of Chicago and NBER

Discussant: BENNETT MCCALLUM, Carnegie Mellon University and NBER

12:30 PM Lunch

1:30 PM Optimal Fiscal and Monetary Policy under Sticky Prices

STEPHANIE SCHMITT-GROHE, Rutgers University

MARTIN URIBE, University of Pennsylvania

Discussant: V.V. CHARI, University of Minnesota

2:30 PM Coffee Break

-OVER-

3:00 PM Mismeasurement of the Elasticity of Intertemporal Substitution:

The Role of Limited Stock Market Participation

MUHAMMET FATIH GUVENEN, Carnegie Mellon University

Discussant: ROBERT E. HALL, Stanford University and NBER

4:00 PM Monetary Policy Rules, Macroeconomic Stability and Inflation:

A View from the Trenches

ATHANASIOS ORPHANIDES, Federal Reserve Board

Discussant: ERIC LEEPER, Indiana University

5:00 PM Adjourn

6/19/01