NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Economic Fluctuations and Growth Research Meeting

Timothy Kehoe and Michael Kremer, Organizers

February 2, 2002

Federal Reserve Bank of San Francisco

101 Market Street

San Francisco, California

PROGRAM

4^th Floor Central A & B Meeting Room

SATURDAY, FEBRUARY 2:

8:30 AM Continental Breakfast

9:00 AM LAURENT CALVET, Harvard University

MARTIN GONZALEZ-EIRAS, Universidad de San Andrés

PAOLO SODINI, Stockholm School of Economics

Financial Innovation, Market Participation and Asset Prices

Discussant: DAVID LEVINE, UC, Los Angeles

10:00 AM Coffee Break

10:30 AM MARK BILS, University of Rochester and NBER

PETER KLENOW, Federal Reserve Bank of Minneapolis and NBER

Some Evidence on the Importance of Sticky Prices

Discussant: JEFFREY CAMPBELL, University of Chicago and NBER

11:30 AM JAMES SCHMITZ, JR., Federal Reserve Bank of Minneapolis

What Determines Labor Productivity?: Lessons from the Dramatic Recovery

of the U.S. and Canadian Iron-Ore Industries

Discussant: VALERIE RAMEY, UC, San Diego and NBER

12:30 PM Lunch

1:30 PM CHRISTOPHER SIMS, Princeton University and NBER

Implications of Rational Inattention

Discussant: CHRISTOPHER CARROLL, Johns Hopkins University and NBER

2:30 PM Coffee Break

3:00 PM DONALD DAVIS and

DAVID WEINSTEIN, Columbia University and NBER

Bones, Bombs and Break Points: The Geography of Economic Activity

Discussant: JONATHAN EATON, Boston University and NBER

4:00 PM KEI-MU YI, Federal Reserve Bank of New York

Can Vertical Specialization Explain the Growth of World Trade?

Discussant: SAMUEL KORTUM, University of Minnesota and NBER

5:00 PM Adjourn

1/14/02