NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



Economic Fluctuations and Growth Research Meeting

Mark Gertler and Patrick Kehoe, Organizers



October 17, 2003



Federal Reserve Bank of Chicago

230 South LaSalle Street

Chicago, Illinois



PROGRAM

THURSDAY, OCTOBER 16:



6:30 PM Reception and Dinner

Federal Reserve Bank of Chicago

FRIDAY, OCTOBER 17:



8:30 AM Continental Breakfast



9:00 AM MIKHAIL GOLOSOV, University of Minnesota

ROBERT LUCAS, University of Chicago and NBER

Menu Costs and Phillips Curves



Discussant: RICARDO CABALLERO, MIT and NBER



10:00 AM Coffee Break



10:30 AM HAROLD COLE, UC, Los Angeles

RON LEUNG, University of Minnesota

LEE OHANIAN, UC, Los Angeles and NBER

Deflation, Real Wages, and the International Great Depression:

A Productivity Puzzle



Discussant: LAWRENCE CHRISTIANO, Northwestern University and NBER



11:30 AM MARC GIANNONI, Columbia University

MICHAEL WOODFORD, Princeton University and NBER

Optimal Inflation Targeting Rules



Discussant: VARADARAJAN CHARI, University of Minnesota and NBER

12:30 PM Lunch



1:30 PM RAPHAEL BERGOEING, Universidad de Chile

TIMOTHY KEHOE, University of Minnesota

Trade Theory and Trade Facts



Discussant: DONALD DAVIS, Columbia University and NBER

2:30 PM Coffee Break



3:00 PM MARTIN LETTAU, SYDNEY LUDVIGSON and

JESSICA WACHTER, New York University and NBER

The Declining Equity Premium:

What Role Does Macroeconomic Risk Play?



Discussant: JOHN COCHRANE, University of Chicago and NBER



4:00 PM RICHARD ROGERSON, Arizona State University and NBER

Structural Transformation and the Deterioration of European Labor Market Outcomes



Discussant: DARON ACEMOGLU, MIT and NBER



5:00 PM Adjourn







10/14/03