NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2001

Macro Perspectives

Richard Rogerson and Randall Wright, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 23-July 27, 2001

PRELIMINARY PROGRAM



MONDAY, JULY 23:

12:00 N Lunch



1:00 PM CHRISTOPHER PISSARIDES, London School of Economics

Consumption and Savings with Unemployment Risk:

Implications for Optimal Employment Contracts



2:00 PM Break



2:15 PM EVA NAGYPAL, Stanford University

Fixed-Term Contracts in Europe:

A Reassessment in the Light of the Importance of Job-Specific Learning



3:15 PM Break

3:30 PM GILLES ST. PAUL, CREMAQ-IDEI

Information Technology and the Knowledge Elite



4:30 PM Adjourn



TUESDAY, JULY 24:



12:00 N Lunch



1:00 PM SATYAJIT CHATTERJEE, Federal Reserve Bank of Philadelphia

Unemployment and Labor Force Participation in a Model

of Precautionary Savings

(joint with KEITH SILLl)



SI01 EFRW program

page two



2:00 PM Break



2:15 PM IAN KING, University of Auckland

Equilibrium Wage Dispersion

(joint with BENOIT JULIEN and JOHN KENNES)



3:15 PM Break



3:30 PM ALAIN DELACROIX, Purdue University

Heterogeneous Matching, Transferable Utility and Labor Market Outcomes



4:30 PM Adjourn



WEDNESDAY, JULY 25:



12:00 N Lunch



1:00 PM RICARDO LAGOS, New York University

A Model of TFP



2:00 PM Break



2:15 PM JONAS FISHER, Federal Reserve Bank of Chicago

Heterogeneous Investment Dynamics



3:15 PM Break



3:30 PM JOHN KENNAN, University of Wisconsin, Madison and NBER

Information Conflicts and Business Cycles



4:30 PM Adjourn



6:00 PM Clambake

Harvard Faculty Club

20 Quincy St.

Cambridge, MA



THURSDAY, JULY 26:



12:00 N Lunch



1:00 PM GADI BARLEVY, Northwestern University

The Sullying Effects of Recessions



SI01 EFRW program

page three



2:00 PM Break



2:15 PM ROBERT SHIMER, Princeton University and NBER

The Assignment of Workers to Jobs In an Economy with Coordination Frictions

3:15 PM Break



3:30 PM MARCELO VERACIERTO, Federal Reserve Bank of Chicago

What are the Short-Run Effects of Increasing Labor Market Flexibility?



4:30 PM Adjourn



FRIDAY, JULY 27:



12:00 N Lunch



1:00 PM MICHAEL PRIES, University of Maryland

Uninsured Idiosyncratic Risk and Human Capital Accumulation



2:00 PM Break



2:15 PM BOYAN JOVANOVIC, New York University and NBER

PETER ROUSSEAU, Vanderbilt University and NBER

Mergers and Technological Change: 1885-1998

3:15 PM Break

3:30 PM RASMUS LENTZ, Northwestern University

TORBEN TRANAES, University of Copenhagen

Job Search and Savings: Wealth Effects and Duration Dependence



4:30 PM Adjourn



7/10/01