NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC.
SUMMER INSTITUTE 2003
Monetary Economics Workshop
Christina D. Romer and David H.
Romer, organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 14 - 18, 2003
PRELIMINARY PROGRAM
MONDAY, JULY 14:
12:00 N Lunch
1:00 PM LAURENCE
BALL, Johns Hopkins University and NBER
N.
GREGORY MANKIW, Harvard University and NBER
RICARDO
REIS, Harvard University
Monetary Policy in Inattentive Economies
2:00 PM Break
2:15 PM DANIEL LEVY,
Bar-Ilan University
ANDREW
T. YOUNG, Emory University
The
Real Thing: Nominal Price Rigidity of
the Nickel Coke, 1886-1959
3:15 PM Adjourn
TUESDAY, JULY 15:
12:00 N Lunch
1:00 PM STEPHEN R.
BOND, Oxford University
JASON
G. CUMMINS, Board of Governors of the Federal Reserve System
Uncertainty and Company
Investment:
An Empirical Investigation Using
Data on Analysts Profit Forecasts
2:00 PM Break
2:15 PM JEFFREY C.
FUHRER, Federal Reserve Bank of Boston
GLENN
D. RUDEBUSCH, Federal Reserve Bank of San Francisco
Estimating the Euler Equation for Output
3:15 PM Adjourn
WEDNESDAY, JULY 16:
12:00 N Lunch
1:00 PM BEN S.
BERNANKE, Board of Governors of the Federal Reserve System
KENNETH
N. KUTTNER, Federal Reserve Bank of New York
What
Explains the Stock Markets Reaction to Federal Reserve Policy?
2:00 PM Break
2:15 PM REFET S.
GURKAYNAK, BRIAN SACK and ERIC SWANSON,
Board
of Governors of the Federal Reserve System
The Excess Sensitivity of
Long-Term Interest Rates:
Evidence and Implications for
Macroeconomic Models
3:15 PM Adjourn
6:00 PM Clambake,
Harvard Faculty Club, 20 Quincy Street, Cambridge, MA
THURSDAY, JULY 17:
12:00 N Lunch
1:00 PM Discussion
with Ben S. Bernanke, Board of Governors of the Federal Reserve System
2:00 PM Break
2:15 PM VALERY A.
RAMEY, UC, San Diego and NBER
DANIEL
J. VINE, UC, San Diego
Tracking
the Source of the Decline in GDP Volatility:
An
Analysis of the Automobile Industry
3:15 PM Adjourn
FRIDAY, JULY 18:
12:00 N Lunch
1:00 PM MAURICE
OBSTFELD and ALAN J. AUERBACH, UC, Berkeley and NBER
The Case for Open-Market Purchases
in a Liquidity Trap
2:00 PM Break
2:15 PM GAUTI
EGGERTSSON, International Monetary Fund
MICHAEL
WOODFORD, Princeton University and NBER
The
Zero Bound on Interest Rates and Optimal Monetary Policy
3:15 PM Adjourn