NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



Economic Fluctuations and Growth Research Meeting

Lawrence Christiano and James Stock, Organizers



July 20, 2002



Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts



PROGRAM

FRIDAY, JULY 19:



6:30 PM Reception and Dinner

Royal Sonesta Hotel

SATURDAY, JULY 20:



8:30 AM Continental Breakfast



9:00 AM JORDI GALI, CREI and NBER

MARK GERTLER, New York University and NBER

J. DAVID LÓPEZ-SALIDO, Bank of Spain

Markups, Gaps, and the Welfare Costs of Business Fluctuations



Discussant: ROBERT HALL, Stanford University and NBER



10:00 AM Coffee Break



10:30 AM V.V. CHARI, University of Minnesota and NBER

PATRICK KEHOE and

ELLEN MCGRATTAN, Federal Reserve Bank of Minneapolis and NBER

Business Cycle Accounting



Discussant: OLIVIER BLANCHARD, MIT and NBER



11:30 AM ANDREW ABEL, University of Pennsylvania and NBER

JANICE EBERLY, Northwestern University and NBER

Q for the Long Run

Discussant: BOYAN JOVANOVIC, New York University and NBER



12:30 PM Lunch



1:30 PM RICARDO CABALLERO, MIT and NBER

MOHAMAD HAMMOUR, DELTA-ENS

Speculative Growth



Discussant: FRANKLIN ALLEN, University of Pennsylvania



2:30 PM Coffee Break







3:00 PM NEVILLE FRANCIS, Lehigh University

VALERIE RAMEY, UC, San Diego and NBER

Is the Technology-Driven Real Business Cycle Hypothesis Dead?

Shocks and Aggregate Fluctuations Revisited



Discussant: HARALD UHLIG, Humboldt University



4:00 PM ARIEL BURSTEIN, Northwestern University

MARTIN EICHENBAUM and

SERGIO REBELO, Northwestern University and NBER

Why Is Inflation So Low After Large Devaluations?



Discussant: ALAN STOCKMAN, University of Rochester and NBER



5:00 PM Adjourn