NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



Economic Fluctuations and Growth Research Meeting

Andrew Abel and Valerie Ramey, Organizers



July 19, 2003



Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts



PROGRAM

FRIDAY, JULY 18:



6:30 PM Reception and Dinner

Royal Sonesta Hotel





SATURDAY, JULY 19:



8:30 AM Continental Breakfast



9:00 AM LAURA VELDKAMP, INSEAD

Media Frenzies in Markets for Financial Information



Discussant: JOHN LEAHY, New York University and NBER



10:00 AM Coffee Break



10:30 AM MARKUS BRUNNERMEIER, Princeton University

JONATHAN PARKER, Princeton University and NBER

Optimal Expectations



Discussant: DAVID LAIBSON, Harvard University and NBER



11:30 AM FATIH GUVENEN, University of Rochester

A Parsimonious Macroeconomic Model for Asset Pricing:

Habit Formation or Cross-Sectional Heterogeneity?



Discussant: JOHN CAMPBELL, Harvard University and NBER



12:30 PM Lunch



1:30 PM CHANG-TAI HSIEH, Princeton University and NBER

PETER KLENOW, Federal Reserve Bank of Minneapolis and NBER

Relative Prices and Relative Prosperity



Discussant: SAMUEL KORTUM, University of Minnesota and NBER





2:30 PM Coffee Break



3:00 PM ROBERT HALL, Stanford University and NBER

Wage Determination and Employment Fluctuations



Discussant: GAREY RAMEY, UC, San Diego



4:00 PM OLIVIER BLANCHARD, MIT and NBER

THOMAS PHILIPPON, MIT

The Decline of Rents, and the Rise and Fall of European Unemployment



Discussant: JORDI GALI, CREI and NBER



5:00 PM Adjourn









6/30/03