NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Economic Fluctuations and Growth Research Meeting

John Kennan and Robert Shimer, Organizers

February 4, 2005

Federal Reserve Bank of San Francisco

101 Market Street

San Francisco, California

PROGRAM

FRIDAY, FEBRUARY 4:

8:30 AM Continental Breakfast

9:00 AM GEORGE-MARIOS ANGELETOS and IVAN WERNING, MIT and NBER

Crises and Prices: Information Aggregation, Multiplicity and Volatility

Discussant: HAROLD COLE, UC, Los Angeles and NBER

10:00 AM Coffee Break

10:30 AM RASMUS LENTZ, Boston University

DALE MORTENSEN, Northwestern University

An Empirical Model of Growth Through Product Innovation

Discussant: ROBERT HALL, Stanford University and NBER

11:30 AM RODOLFO MANUELLI and ANANTH SESHADRI, University of Wisconsin

Human Capital and the Wealth of Nations

Discussant: ROBERT LUCAS, University of Chicago and NBER

12:30 PM Lunch

1:30 PM ALWYN YOUNG, University of Chicago and NBER

The Gift of the Dying:

The Tragedy of AIDS and the Welfare of Future African Generations

Discussant: PETER KLENOW, Stanford University and NBER

2:30 PM Coffee Break

3:00 PM POL ANTRAS, Harvard University and NBER

LUIS GARICANO, University of Chicago

ESTEBAN ROSSI-HANSBERG, Stanford University

Offshoring in a Knowledge Economy

Discussant: RAQUEL FERNANDEZ, New York University and NBER

4:00 PM BOYAN JOVANOVIC, New York University and NBER

The Product Cycle and Inequality

Discussant: HUGO HOPENHAYN, UC, Los Angeles

5:00 PM Adjourn

6:30 PM Group Dinner

1/4/05