THURSDAY, NOVEMBER 6:

6:30 PM Dinner

Legal Sea Foods

Kendall Square

5 Cambridge Center

Cambridge, MA 02139

617/864-3400

FRIDAY, NOVEMBER 7:

8:00 AM Shuttle Van from the Royal Sonesta to NBER

8:30 AM Shuttle Van from the Royal Sonesta to NBER

8:45 AM Shuttle Van from the Royal Sonesta to NBER

8:30 AM Continental Breakfast

9:00 AM JAMES J. CHOI, Harvard University

DAVID LAIBSON, Harvard University and NBER

BRIGITTE C. MADRIAN and ANDREW METRICK , University of Pennsylvania and NBER

Consumption-Wealth Comovement of the Wrong Sign

Discussant: MATTHEW SHAPIRO, University of Michigan and NBER

10:00 AM Break

10:15 AM MICHAEL D. BORDO, Rutgers University and NBER

JOSEPH G. HAUBRICH, Federal Reserve Bank of Cleveland

The Yield Curve, Recessions, and the Credibility of the Monetary Regime:

Long-run Evidence, 1875-1997

Discussant: JAMES STOCK, Harvard University and NBER

11:15 AM CRAIG BURNSIDE, University of Virginia

MARTIN EICHENBAUM and SERGIO REBELLO, Northwestern University and NBER

Government Finance in the Wake of Currency Crises

Discussant: GUY DEBELLE, MIT

Monetary Economics Program, Page 2:

12:15 PM Lunch

1:15 PM JON FAUST, ERIC SWANSON and JONATHAN WRIGHT, Federal Reserve Board

Do Federal Reserve Policy Surprises Reveal Inside Information About the Economy?

Discussant: DAVID ROMER, UC, Berkeley and NBER

2:15 PM Break

2:30 PM JEAN BOIVIN, Columbia University and NBER

Has U.S. Monetary Policy Changed? Evidence from Drifting Coefficients

and Real-Time Data

Discussant: ANDREW LEVIN, Federal Reserve Board

3:45 PM IGNAZIO ANGELONI and BENOÎT MOJON, European Central Bank

ANIL K KASHYAP, University of Chicago and NBER

DANIELE TERLIZZESE, Banca d'Italia

The Output Composition Puzzle: A Difference in the Monetary Transmission

Mechanism in the Euro Area and U.S.

Discussant: MARC GIANNONI, Columbia University

4:45 PM Adjourn

11/6/03