NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



Economic Fluctuations and Growth Research Meeting

Fernando Alvarez and Robert King, Organizers



February 7, 2003



Westin St. Francis Hotel

St. Francis Suite - 12th Floor

335 Powell Street

San Francisco, California



PROGRAM





THURSDAY, FEBRUARY 6:



6:30 PM Reception and Dinner

Westin St. Francis Hotel



FRIDAY, FEBRUARY 7:



8:30 AM Continental Breakfast



9:00 AM ANDREW ANG, Columbia University and NBER

MONIKA PIAZZESI, UC, Los Angeles and NBER

MIN WEI, Columbia University

What does the Yield Curve Tell us about GDP Growth?



Discussant: URBAN JERMANN, University of Pennsylvania and NBER



10:00 AM Coffee Break



10:30 AM SUSAN ATHEY, Stanford University and NBER

ANDREW ATKESON, UC, Los Angeles and NBER

PATRICK KEHOE, Federal Reserve Bank of Minneapolis and NBER

The Optimal Degree of Discretion in Monetary Policy



Discussant: LAWRENCE CHRISTIANO, Northwestern University and NBER



11:30 AM BOYAN JOVANOVIC, New York University and NBER

PETER ROUSSEAU, Vanderbilt University and NBER

Mergers as Reallocation



Discussant: ANDREW ATKESON, UC, Los Angeles and NBER



12:30 PM Lunch





1:30 PM MARCELO VERACIERTO, Federal Reserve Bank of Chicago

On the Cyclical Behavior of Employment, Unemployment and

Labor Force Participation



Discussant: ROBERT HALL, Stanford University and NBER



2:30 PM Coffee Break



3:00 PM YONGSUNG CHANG, University of Pennsylvania

SUN-BIN KIM, Concordia University

From Individual to Aggregate Labor Supply:

A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy



Discussant: THOMAS MACURDY, Stanford University and NBER



4:00 PM AUBHIK KHAN, Federal Reserve Bank of Philadelphia

JULIA THOMAS, University of Minnesota

Inventories and the Business Cycle:

An Equilibrium Analysis of (S,s) Policies



Discussant: VALERIE RAMEY, UC, San Diego and NBER



5:00 PM Adjourn





















1/9/03