NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

MONETARY ECONOMICS PROGRAM MEETING

Martin Eichenbaum and Lawrence Christiano, Organizers

April 12, 2002

NBER Offices,

1050 Massachusetts Avenue

Cambridge, MA

PRELIMINARY PROGRAM

THURSDAY, APRIL 11

6:30 PM Dinner

Davio's Restaurant

5 Cambridge Parkway

Cambridge, MA 02142

FRIDAY, APRIL 12

8:15 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.

8:30 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue.

8:30 AM Continental Breakfast

9:00 AM MICHAEL WOODFORD, Princeton University and NBER

Imperfect Common Knowledge and the Effects of Monetary Policy

Discussant: V. V. CHARI, University of Minnesota

10: 00 AM Break

10:15 AM NOBUHIRO KIYOTAKI, London School of Economic and NBER

JOHN MOORE, MIT

Liquidity, Business Cycles and Monetary Policy

Discussant: HAROLD COLE, UC, Los Angeles

11:15 AM GEORGE W. EVANS, University of Oregon

SEPPO HONKAPOHJA, University of Helsinki

Monetary Policy, Expectations and Commitment

Discussant: MARCO BASSETTO, University of Minnesota

12:15 PM Lunch

Monetary Economics Program, Page 2:

1:00 PM MARK BILS, University of Rochester and NBER

YONGSUNG CHANG, University of Pennsylvania

Welfare Costs of Sticky Wages When Effort Can Respond

Discussant: MILES S. KIMBALL, University of Michigan and NBER

2:00 PM Break

2:15 PM FERNANDO ALVAREZ, University of Chicago and NBER

ANDREW ATKESON, UC, Los Angeles and NBER

CHRISTIAN EDMOND, UC, Los Angeles

Can a Baumol-Tobin Model Account for Short-Run Behavior of Velocity?

Discussant: JULIO ROTEMBERG, Harvard University and NBER

3:15 PM Break

3:30 PM HAROLD COLE, UC, Los Angeles

LEE OHANIAN, UC, Los Angeles

Title To Be Announced

Discussant: BEN S. BERNANKE, Princeton University and NBER

3/20/02