NATIONAL BUREAU OF ECONOMIC RESEARCH

Summer Institute 2005

Master Program

 

MONDAY, JULY 11:

 

 

 

 

 9:00 am

IASE

MICHAEL TOMZ and MARK WRIGHT, Stanford University

 

 

Sovereign Debt and Default

 

 

 

9:15 am

DAE

LEAH PLATT BOUSTAN, Harvard University

 

 

Getting Inside the Black Box of ‘White Flight’: The Role of Suburban Autonomy and Public Goods

 

 

 

10:20 am

DAE

CHIAKI MORIGUCHI, Northwestern University and NBER

 

 

EMMANUEL SAEZ, UC, Berkeley and NBER

 

 

The Evolution of Income Concentration in Japan, 1885-2002: Evidence from Income Tax Statistics

 

 

 

10:30 am

IASE

VIVIAN YUE, University of Pennsylvania

 

 

Sovereign Default and Debt Renegotiation

 

 

 

11:25 am

DAE

ALAN OLMSTEAD, UC, Davis

 

 

PAUL RHODE, University of North Carolina-Chapel Hill and NBER

 

 

"Wait a Cotton Pickin’ Minute!"  A New View of Slave Productivity

 

 

 

1:00 pm

ME

JULIAN DI GIOVANNI, International Monetary Fund

 

 

JAY SHAMBAUGH, Dartmouth College

 

 

The Impact of Foreign Interest Rate Shocks on the Economy: The Role of the Exchange Rate Regime

 

 

 

1:15 pm

DAE

PRICE FISHBACK, University of Arizona and NBER

 

 

SHAWN E. KANTOR, UC, Merced and NBER

 

 

TBA

 

 

 

 1:30 pm

IASE

JUN PAN, MIT

 

 

KENETH SINGLETON, Stanford University and NBER

 

 

Default and Recovery Implicit in the Term Structure of Sovereign CDS Spreads

1:55 pm

ME

MICHAEL EHRMANN and MARCEL FRATZSCHER, European Central Bank

 

 

Communication and Decision-Making by Central Bank Committees: Different Strategies, Same Effectiveness?

 

 

 

2:20 pm

DAE

ROBERT MARGO, Boston University and NBER

 

 

Steam Power and Labor Productivity Growth in Nineteenth Century American Manufacturing

 

 

 

3:05 pm.

ME

Discussion with JANET YELLEN

 

 

President, Federal Reserve Bank of San Francisco

 

 

 

 3:10 pm

IASE

Panel: CREDIT RISK TRANSFERS AND THEIR REGULATORY CHALLENGES.

 

 

TRISH MOSSER, Federal Reserve Bank of New York

 

 

ANDREW POWELL, Universidad Torcuato Di Tella

 

 

 

3:25 pm

DAE

ELIZABETH CASCIO and NORA GORDON, UC, Davis and NBER

 

 

ETHAN LEWIS, Federal Reserve Bank of Philadelphia

 

 

SARAH REBER, UC, Los Angeles

 

 

Local Responses to Federal Education Policy:

 

 

Evidence from the Civil Rights Act and Title I

 

 

 

 4:10 pm

IASE

Panel: CEDIT RISK TRANSFERS: A VIEW FROM THE MARKET.

 

 

PETER GARBER, Deutsche Bank

 

 

ILAN GOLDFAJN, Gavea Investment, Brazil

 

 

 

TUESDAY, JULY 12

 

 

 

 

8:30 am

EFWW

ALEXEI ONATSKI, Columbia University

 

 

Determining the Number of Factors from Empirical Distribution of Eigenvalues

 

 

 

9:00 am

DAE

KAREN CLAY, Carnegie Mellon University

 

 

Anarchy, Property Rights, and Violence:  The Case of Post Gold Rush California

 

 

 

9:00 am

IFM

DAVID BACKUS, New York University and NBER

 

 

GIAN LUCA CLEMENTI and FREDERIC LAMBERT, New York University

 

 

Current Account Fact and Fiction

 

 

 

9:45 am

EFWW

ULRICH MÜLLER and PHILIPPE-EMMANUEL PETALAS, Princeton University

 

 

Efficient Estimation of the Parameter Path in Unstable Time Series Models

 

 

 

10:05 am

DAE

ZEYNEP HANSEN, Washington University and NBER

 

 

MARC LAW, University of Vermont

 

 

The Political Economy of ‘Truth-in-Advertising’ Regulation during the Progressive Era

 

 

 

10:40 am

IFM

PHILLIPE AGHION, Harvard University and NBER

 

 

PHILIPPE BACHETTA, Studienzentrum Gerzensee

 

 

ROMAIN RANCIERE, Universitat Pompeu Fabra

 

 

KENNETH ROGOFF, Harvard University and NBER

 

 

Productivity Growth and the Exchange Rate Regime

 

 

 

11:00 am

EFWW

RONALD GALLANT, Duke University

 

 

ROBERT MCCULLOCH, University of Chicago

 

 

On the Determination of General Scientific Models

 

 

 

11:10 am

DAE

BARRY WEINGAST, Stanford University

 

 

DOUGLASS NORTH, Washington University

 

 

JOHN WALLIS, University of Maryland and NBER

 

 

A Conceptual Framework for Understanding Recorded Human History

 

 

 

1:00 pm

DAE

DOUGLAS ALMOND, Columbia University and NBER

 

 

KENNETH CHAY, UC, Berkeley and NBER

 

 

MICHAEL GREENSTONE, MIT and NBER

 

 

STACY SNEERINGER, Wellesley College

 

 

MELISSA THOMASSON, Miami University and NBER

 

 

The 1946 Hospital Construction Act and Infant Mortality in the American South

 

 

 

1:00 pm

ME

ADAM ASHCRAFT, Federal Reserve Bank of New York

 

 

MURILLO CAMPELLO, University of Illinois at Urbana-Champaign

 

 

Borrowers’ Financial Constraints and the Transmission of Monetary Policy:  Evidence from Financial Conglomerates

 

 

 

1:55 pm

ME

SIMON GILCHRIST, Boston University and NBER

 

 

JAE SIM, Boston University

 

 

Investment During the Korean Financial Crisis: The Role of Foreign Denominated Debt

 

 

 

2:10 pm

DAE

MARTHA BAILEY, University of Michigan

 

 

WILLIAM COLLINS, Vanderbilt University and NBER

 

 

The Wage Gains of African-American Women in the 1940s

 

 

 

3:05 pm

ME

JOSEPH DAVIS, The Vanguard Group and NBER

 

 

An Improved Annual Chronology of U.S. Business Cycles since the 1790’s

 

 

 

3:15 pm

DAE

MICHAEL HAINES, Colgate University and NBER

 

 

Inequality and Infant and Childhood Mortality in the United States in the Twentieth Century

 

 

 

WEDNESDAY, JULY 13

 

 

 

 

8:30 am

EFWW

MARCO DEL NEGRO, Federal Reserve Bank of Atlanta

 

 

FRANK SCHORFHEIDE, University of Pennsylvania

 

 

FRANK SMETS, European Central Bank

 

 

RAFAEL WOUTERS, National Bank of Belgium

 

 

On the Fit and Forecasting Performance of New-Keynesian Models

 

 

 

9:00 am

DAE

PETRA MOSER, MIT and NBER

 

 

Do Patents Facilitate Knowledge Spillovers?  Evidence from the Geography of Innovations at the Crystal Palace

 

 

 

9:00 am

IFM

MARK AGUIAR, Federal Reserve Bank of Boston

 

 

MANUEL AMADOR, Stanford University

 

 

GITA GOPINATH, University of Chicago and NBER

 

 

Efficient Fiscal Policy and Amplification

 

 

 

9:45 am

EFWW

JEAN-MARIE DUFOUR, University of Montreal

 

 

LYNDA KHALAF, Universite Laval

 

 

MARAL KICHIAN, Bank of Canada

 

 

Inflation dynamics and the New Keynesian Phillips Curve: An Identification Robust Econometric Analysis

 

 

 

10:05 am

DAE

BENJAMIN CHABOT, University of Michigan and NBER

 

 

What Can Asset Prices Tell Us About Historical Business Cycles?

 

 

 

10:40 am

IFM

BERNARDO GUIMARAES, London School of Economics

 

 

STEPHEN MORRIS, Yale University

 

 

Risk and Wealth in a Model of Self-Fulfilling Currency Attacks

 

 

 

11:00 am

EFWW

GLENN RUDEBUSCH and TAO WU, Federal Reserve Bank of San Francisco

 

 

Accounting for a Shift in Term Structure Behavior with No-Arbitrage and Macro-Finance Models

 

 

 

11:10 am

DAE

ANNE CARLOS, University of Colorado

 

 

LARRY NEAL, University of Illinois and NBER

 

 

KRISTEN WANDSCHNEIDER, Middlebury College

 

 

The Origins of National Debt: The Financing and Re-Financing of the War of the Spanish Succession

 

 

 

1:00 pm

DAE

EUGENE WHITE, Rutgers University and NBER

 

 

Competition Among the Exchanges Before the SEC

 

 

 

1:00 pm

ME

OLIVIER BLANCHARD, MIT and NBER

 

 

JORDI GALI, CREI and NBER

 

 

Real Wage Rigidities and the New Keynesian Model

 

 

 

2:05 pm.

DAE

MICHAEL BORDO, Rutgers University and NBER

 

 

CHRISTOPHER MEISSNER, University of Cambridge and NBER

 

 

Financial Crises, 1880-1913: The Role of Foreign Currency Debt

 

 

 

2:10 pm

ME

RICARDO REIS, Princeton University and NBER

 

 

Towards a Dynamic Price Index

 

 

 

3:10 pm

DAE

GARY RICHARDSON, UC, Irvine

 

 

Monetary Intervention Mitigated Banking Panics During the Great Depression: Quasi-Experimental Evidence from the Federal Reserve District Border in Mississippi, 1929 to 1933

 

 

 

THURSDAY, JULY 14

 

 

 

 

8:30 am

EFWW

HASHEM PESARAN, University of Cambridge

 

 

DAVIDE PETTENUZZO, Bocconi University

 

 

ALLAN TIMMERMANN, UC, San Diego

 

 

Forecasting Time Series Subject to Multiple Structural Breaks

 

 

 

9:00 am

DAE

DAVID JACKS, Simon Fraser University

 

 

Populists v. Theorists: Futures Markets and the Volatility of Prices

 

 

 

9:00 am

IFM

FERNANDO BRONER, University of Maryland

 

 

JAUME VENTURA, MIT and NBER

 

 

Sovereign Risk, Anonymous Markets, and the Effects of Globalization

 

 

 

9:45 am

EFWW

JAMES STOCK, Harvard University and NBER

 

 

MARK WATSON, Princeton University and NBER

 

 

An Empirical Comparison Of Methods For Forecasting Using Many Predictors

 

 

 

10:05 am

DAE

TODD NEUMANN, University of Arizona

 

 

Endogenous Entry and Competition in the Retail Market During the Early 20th Century

 

 

 

10:40 am

IFM

ANDREW ATKESON, UC, Los Angeles and NBER

 

 

ARIEL BURSTEIN, UC, Los Angeles

 

 

Trade Costs, Pricing to Market and International Relative Prices

 

 

 

11:00 am

EFWW

NELSON MARK, Notre Dame University and NBER

 

 

DONGGYU SUL, University of Auckland

 

 

The Use of Predictive Regressions at Alternative Horizons in Finance and Economics

 

 

 

11:10 am

DAE

MARK CARLSON, Federal Reserve Board

 

 

KRIS MITCHENER, Santa Clara and NBER

 

 

Branch Banking and the Transformation of Banking in California 

 

 

 

1:00 pm

AP

CHRISTOPHER MALLOY, London Business School

 

 

TOBIAS MOSKOWITZ, University of Chicago and NBER

 

 

ANNETTE VISSING-JØRGENSEN, Northwestern University and NBER

 

 

Long-Run Stockholder Consumption Risk and Asset Returns

 

 

 

2:10 pm

AP

FRANCISCO GOMES, London Business School

 

 

ALEXANDER MICHAELIDES, London School of Economics

 

 

Asset Pricing with Limited Risk Sharing and Heterogeneous Agents

 

 

 

1:00 pm

ME

HENNING BOHN, UC, Santa Barbara

 

 

The Sustainability of Fiscal Policy in the United States

 

 

 

1:55 pm

ME

ATHANASIOS ORPHANIDES, Federal Reserve Board

 

 

JOHN WILLIAMS, Federal Reserve Bank of San Francisco

 

 

Robust Monetary Policy with Imperfect Knowledge

 

 

 

3:05 pm

ME

ERIK HURST, University of Chicago and NBER

 

 

ANNAMARIA LUSARDI, Dartmouth College and NBER

 

 

ARTHUR KENNICKELL, Federal Reserve Board

 

 

FRANCISCO TORRALBA, University of Chicago

 

 

Precautionary Savings and Entrepreneurship

 

 

 

3:30 pm

AP

HANNO LUSTIG, UC, Los Angeles and NBER

 

 

STIJN VAN NIEUWERBURGH, New York University

 

 

The Returns on Human Capital: Good News on Wall Street is Bad News on Main Street

 

 

 

FRIDAY, JULY 15

 

 

 

 

8:30 am

AP

JIANPING MEI, New York University

 

 

JOSÉ SCHEINKMAN and WEI XIONG, Princeton University and NBER

 

 

Speculative Trading and Stock Prices: Evidence from Chinese A-B Share Premia

 

 

 

8:30 am

EFWW

SÌLVIA GONÇALVES, and NOUR MEDDAHI, Université de Montréal

 

 

Bootstrapping Realized Volatility

 

 

 

9:00 am

EFJK

RODOLFO MANUELLI and  ANANTH SESHADRI, University of Wisconsin

 

 

Human Capital and the Wealth of Nations

 

 

 

9:00 am

IFM

CHARLES ENGEL, University of Wisconsin and NBER

 

 

AKITO MATSUMOTO, International Monetary Fund

 

 

Portfolio Choice in a Monetary Open-Economy DSGE Model

 

 

 

9:45 am

EFWW

DENNIS KRISTENSEN, University of Wisconsin

 

 

Modelling the Short-Term Interest Rate: A Semiparametric Approach

 

 

 

9:45 am

AP

DIMITRI VAYANOS, London School of Economics

 

 

PIERRE-OLIVIER WEILL, New York University

 

 

A Search-Based Theory of the On-the-Run Phenomenon

 

 

 

10:15 am

EFJK

ARIEL BURSTEIN, UC, Los Angeles

 

 

ALEXANDER MONGE-NARANJO, Northwestern University

 

 

Aggregate Consequences of International Firms in of Developing Countries

 

 

 

10:40 am

IFM

MICHAEL DEVEREUX, University of British Columbia

 

 

SHOUYONG SHI, University of Toronto

 

 

Vehicle Currency

 

 

 

11:00 am.

AP

MARKUS BRUNNERMEIER, Princeton University

 

 

LASSE HEJE PEDERSEN, New York University and NBER

 

 

Market Liquidity and Funding Liquidity

 

 

 

11:00 am

EFWW

TORBEN ANDERSEN, Northwestern University and NBER

 

 

TIM BOLLERSLEV, Duke University and NBER

 

 

FRANCIS DIEBOLD, University of Pennsylvania and NBER

 

 

Some Like it Smooth, and Some Like it Rough:Disenntangling Continuous and Jump Components in Measuring, Modeling, and Forecasting Asset Return Volatility

 

 

 

11:15 am

EFJK

RUI CASTRO, University of Montreal

 

 

GIAN-LUCA CLEMENTI, New York University

 

 

GLENN MACDONALD, Washington University

 

 

Legal Institutions, Sectoral Heterogeneity, and Economic Development

 

 

 

1:00 pm

ME

JAMES STOCK, Harvard University and NBER

 

 

MARK WATSON, Princeton University and NBER

 

 

Implications of Dynamic Factor Models for VAR Analysis

 

 

 

1:00 pm

AP

K. J. MARTIJN CREMERS, Yale University

 

 

VINAY NAIR, University of Pennsylvania

 

 

KOSE JOHN, New York University

 

 

Takeovers, Governance and The Cross-Section of Returns

 

 

 

1:15 pm

EFJK

AMARTYA LAHIRI, Federal Reserve Bank of New York

 

 

KEI-MU YI, Federal Reserve Bank of Philadelphia

 

 

A Tale of Two States: Maharashtra and West Bengal

 

 

 

2:10 pm

ME

ANDREW ANG, Columbia University and NBER

 

 

SEN DONG, Columbia University

 

 

MONIKA PIAZZESI, University of Chicago and NBER

 

 

No-Arbitrage Taylor Rules

 

 

 

2:15 pm

AP

JOHN CAMPBELL, Harvard University and NBER

 

 

CHRISTOPHER POLK, Northwestern University

 

 

TUOMO VUOLTEENAHO, Arrowstreet Capital and NBER

 

 

Growth or Glamour? Fundamentals and Systematic Risk in Stock Returns

 

 

 

2:30 pm

EFJK

JOSEPH ZEIRA, Hebrew University

 

 

Machines as Engines of Growth

 

 

 

3:30 pm

AP

KENT DANIEL, Northwestern University and NBER

 

 

SHERIDAN TITMAN, University of Texas and NBER

 

 

Testing Factor-Model Explanations of Market Anomalies

 

 

 

3:30 pm

EFJK

DARON ACEMOGLU, MIT and NBER

 

 

VERONICA GUERRIERII, MIT

 

 

Capital Deepening and Non-Balanced Economic Growth

 

 

 

MONDAY, JULY 18

 

 

 

 

8:45 am

EFEL

LUIGI GUISO, University of Chicago

 

 

PAOLA SAPIENZA, Northwestern University

 

 

LUIGI ZINGALES, University of Chicago and NBER

 

 

Trusting the Stock Market

 

 

 

9:00 am

EFABG

Nathan Nunn, University of Toronto

 

 

Slavery, Institutional Development and Long-Run Growth in Africa, 1400 - 2000

 

 

 

9:00 am

EFCE

MICHAEL WOODFORD, Columbia University and NBER

 

 

PIERPAOLO BENIGNO, New York University and NBER

 

 

Optimal Inflation Targeting Under Fiscal Stress

 

 

 

9:30 am

PRIPE

MICHAEL KREMER, Harvard University and NBER

 

 

CHRISTOPHER SNYDER, George Washington University

 

 

Why is There No AIDS Vaccine?

 

 

 

9:45 am

EFEL

YANNIS BILIAS and MICHAEL HALIASSOS, University of Cyprus

 

 

MICHAEL HALIASSOS, Goethe University Frankfurt

 

 

DIMITRIS GEORGARAKOS, Goethe University Frankfurt

 

 

Portfolio Inertia and Stock Market Fluctuations

 

 

 

10:15 am

EFABG

Matthias Doepke, UC, Los Angeles

 

 

FABRIZIO ZILIBOTTI, Institute for International Economic Studies

 

 

Patience Capital and the Demise of the Aristocracy

 

 

 

10:15 am

EFCE

OLIVIER BLANCHARD, MIT and NBER

 

 

JORDI GALI, Universitat Pompeu Fabra and NBER

 

 

Real Wage Rigidities and the New Keynesian Model

 

 

 

10:30 am

PRIPE

BENJAMIN JONES, Northwestern University and NBER

 

 

Age and Great Invention

 

 

 

10:40 am

EFEL

BERNARD DUMAS, INSEAD

 

 

ALEXANDER KURSHEV and RAMAN UPPAL, London Business School

 

 

What Can Rational Investors Do about Excessive Volatility

 

 

 

11:30 am

EFABG

Jose Borghans, Utrecht University

 

 

Lex Borghans and Bas ter Weel, Maastricht University

 

 

Economic Performance, Human Cooperation and the Major Histocompatibility Complex

 

 

 

11:30 am

EFCE

MARK GERTLER and JOHN LEAHY, New York University and NBER

 

 

A Phillips Curve with an Ss Foundation

 

 

 

11:30 am

EFEL

MATTEO IACOVIELLO, Boston College

 

 

Private Debt and Income Inequality:  A Business Cycle Analysis

 

 

 

11:45 am

PRIPE

PHILIPPE AGHION, Harvard University and NBER

 

 

MATHIAS DEWATRIPONT, Free University

 

 

JEREMY STEIN, Harvard University and NBER

 

 

Academia, the Private Sector, and the Process of Innovation

 

 

 

1:00 pm

EFRSW

FERNANDO ALVAREZ, University of Chicago and NBER

 

 

MARCELO VERACIERTO, Federal Reserve Bank of Chicago

 

 

Firing Taxes and Temporary Contracts in an Equilibrium Search Model

 

 

 

1:00 pm

EFACR

ORAZIO ATTANASIO, University College London and NBER

 

 

NICOLA PAVONI, University College London

 

 

Risk Sharing With Moral Hazard and Hidden Saving

 

 

 

1:30 pm

EFABG

Philippe Martin, University of Paris 1

 

 

Thierry Mayer, University of Paris-Sud

 

 

Mathias Thoenig University of Geneva

 

 

Make Trade not War?

 

 

 

2:00 pm

PRIPE

BENHAMIN CHIAO, University of Michigan

 

 

JOSH LERNER, Harvard University and NBER

 

 

JEAN TIROLE, Institut d'Economie Industrielle

 

 

The Rules of Standard-Setting Organizations:  An Empirical Analysis

 

 

 

2:00 pm

EFRSW

STEVEN DAVIS, University of Chicago and NBER

 

 

R. JASON FABERMAN, Bureau of Labor Statistics

 

 

JOHN HALTIWANGER, University of Maryland and NBER

 

 

The Flow Appproach to Labor Markets: New Data Sources, Micro-Macro Links and the Recent Downturn

 

 

 

2:15 pm

EFACR

MARTIN GERVAIS and PAUL KLEIN, University of Western Ontario

 

 

Risk Sharing

 

 

 

2:45 pm

EFABG

Patrick Legros, ECARES

 

 

Andrew Newman, Boston University

 

 

Eugenio Proto, Warwick University

 

 

Smithian Growth Through Creative Organization

 

 

 

3:00 pm

PRIPE

MARC RYSMAN, Boston University

 

 

TIMOTHY SIMCOE, University of Toronto

 

 

Patents and the Impact of De Jure Standard-Setting Institutions

 

 

 

3:15 pm

EFRSW

ROBERT SHIMER, University of Chicago and NBER

 

 

On the Job Search and Strategic Bargaining

 

 

 

3:15 pm

EFACR

FRANCISCO COVAS, Bank of Canada

 

 

Uninsured Idiosyncratic Production Risk With BorrowingConstraints

 

 

 

4:00 pm

EFABG

Matteo Cervellati, Universitat Pompeu Fabra

 

 

Piergiuseppe Fortunato, University of Bologna

 

 

Uwe Sunde, IZA

 

 

Democratization and Endogenous Constitutions

 

 

 

4:15 pm

EFRSW

ROBERT HALL, Stanford University and NBER

 

 

The Amplification of Unemployment Fluctuations Through Self-Selection

 

 

 

4:30 pm

PRIPE

Panel Discussion:  Globalization and R&D Offshoring

 

 

DARON ACEMOGLU, MIT and NBER

 

 

DIANA HICKS, Georgia Institute of Technology

 

 

KAREN MILLS, Solera Capital, LLC

 

 

 

TUESDAY, JULY 19

 

 

 

 

8:30 am

EFCE

BEN EDEN, Vanderbilt University

 

 

Substitution and Risk Aversion: Is Risk Aversion Important for Understanding Asset Prices?

 

 

 

8:45 am

EFEL

SIMON GILCHRIST, Boston University and NBER

 

 

JAE SIM, Boston University

 

 

Investment during the Korean Financial Crisis: The Role of Foreign-Denominated Debt

 

 

 

9:00 am

EFABG

Casey Mulligan, University of Chicago and NBER

 

 

Yona Rubinstein, Hebrew University

 

 

Selection, Investment, and Women's Relative Wages Since 1975

 

 

 

9:00 am

PRL

MANUEL TRAJTENBERG, Tel-Aviv University and NBER

 

 

The Mobility of Inventors:  Causes and Consequences

 

 

 

9:45 am

EFCE

STEFANIA ALBANESI, Duke University

 

 

CHRIS SLEET, University of Iowa

 

 

Optimal Dynamic Taxation with Productive Assets

 

 

 

10:00 am

EFEL

ANNA PAVLOVA, MIT

 

 

ROBERTO RIGOBON, MIT and NBER

 

 

Wealth Transfers, Contagion, and Portfolio Constraints

 

 

 

10:00 am

PRL

ALFONSO GAMBARDELLA, Bocconi University

 

 

DIETMAR HARHOFF, University of Munich

 

 

BART VERSPAGEN, Eindhoven University of Technology

 

 

The Value of Patents

 

 

 

10:15 am

EFABG

MAIA GUELL and JOSE RODRIGUEZ MORA, Universitat Pompeu Fabra

 

 

Chris Telmer, Carnegie Mellon University

 

 

Intergenerational Mobility and the Informative Content of Surnames

 

 

 

11:00 am

EFCE

JESUS FERNANDEZ-VILLAVERDE, University of Pennsylvania and NBER

 

 

JUAN F. RUBIO-RAMIREZ, Federal Reserve Bank of Atlanta

 

 

THOMAS J. SARGENT, New York University and NBER

 

 

A, B, C's (and D)'s For Understanding VARS

 

 

 

11:15 am

PRL

LEE BRANSTETTER, Columbia University and NBER

 

 

RAY FISMAN, Columbia University and NBER

 

 

FRITZ FOLEY, Harvard University

 

 

KAMAL SAGGI, Southern Methodist University

 

 

Intellectual Property Rights, Imitation, and Foreign Direct Investment: Theory and Evidence

 

 

 

11:15 am

EFEL

SKANDER VAN DEN HEUVEL, University of Pennsylvania

 

 

The Welfare Cost of Bank Capital Requirements

 

 

 

 

 

 

11:30 am

EFABG

Raquel Fernandez, New York University and NBER

 

 

Alessandra Fogli, New York University

 

 

Culture: An Empirical Investigation of Beliefs, Work, and Fertility

 

 

 

12:00 noon

EFCE

LAWRENCE CHRISTIANO and MARTIN EICHENBAUM,

 

 

Northwestern University and NBER

 

 

ROB VIGFUSSON, Federal Reserve Board

 

 

Assessing VARs

 

 

 

1:00 pm

EFRSW

JAMES ALBRECHT and SUSAN VROMAN, Georgetown University

 

 

Modeling the Effects of Labor Market reforms in a Developing Economy

 

 

 

1:00 pm

EFACR

GEORGE-MARIOS ANGELETOS, MIT

 

 

Uninsured Idiosyncratic Investment Risk and Aggregate Saving

 

 

 

1:15 pm

PRL

STUART GRAHAM, Georgia Institute of Technology

 

 

DIETMAR HARHOFF, University of Munich

 

 

Would the U.S .Benefit from Patent Post-grant Reviews?  Evidence form a “Twinning” Study

 

 

 

1:30 am

EFABG

Kaivan Munshi, Brown University

 

 

Mark Rosenzweig, Harvard University

 

 

Inequality, Rural Economic Growth and Social Networks

 

 

 

2:00 pm

EFRSW

GADI BARLEVY, Federal Reserve Bank of Chicago and NBER

 

 

Using Search Models to Estimate the Returns to Tenure

 

 

 

2:15 pm

EFACR

THOMAS BRODATY, Université de Cergy-Pontoise

 

 

ROBERT GARY-BOBO, Université Paris 1 Panthéon-Sorbonne

 

 

ANA PRIETO, Université de Cergy-Pontoise

 

 

Risk Aversion, Expected Earning, and Opportunity Costs:  A structural Econometric

 

 

Model of Human Capital Investment

 

 

 

2:30 pm

PRL

MIKE SCHERER, Harvard University

 

 

Quarter Notes and Bank Notes

 

 

 

2:45 pm

EFABG

Francis Kramarz and David Thesmar, CREST-INSEE

 

 

Social Networks in the Boardroom: Engineers vs Bureaucrats in France

 

 

 

3:15 pm

EFRSW

JOHN KNOWLES and ANDY POSTLEWAITE, University of Pennsylvania

 

 

Do Children Learn to Save from their Parents?

 

 

 

3:15 pm

EFACR

HELENA SKYT NIELSEN, University of Aarhus

 

 

ANNETTE VISSING-JORGENSEN, Northwestern University and NBER

 

 

The Impact of Labor Income Risk on Education Choices: 

 

 

Estimates and Implies Risk Aversion

 

 

 

3:30 pm

PRL

JULIE MORTIMER, Harvard University and NBER

 

 

Price Discrimination and Copyright Law: Evidence from the Introduction of DVDs

 

 

 

4:00 pm

EFABG

Ashley Lester, MIT

 

 

Trade and the End of Trust: Endogenous Group Formation and Inter-Group Hostility

 

 

 

4:15 pm

EFRSW

RANDALL WRIGHT, University of Pennsylvania and NBER

 

 

The Market for Ideas

 

 

 

WEDNESDAY, JULY 20

 

 

 

 

8:45 am

EFEL

ANDREA CAGGESE, Universitat Pompeu Fabra

 

 

Entrepreneurial Risk and Aggregate Investment Dynamics

 

 

 

9:00 am

EFABG

Gianluca Violante, New York University

 

 

Nicola Pavoni, University College London

 

 

Optimal Welfare-to-Work Programs

 

 

 

9:00 am

EFCE

BORAGAN ARUOBA, University of Maryland

 

 

CHRIS WALLER, University of Notre Dame

 

 

RANDALL WRIGHT, University of Pennsylvania and NBER

 

 

Money and Capital

 

 

 

9:00 am

PRBB

BOYAN JOVANOVIC, New York University and NBER

 

 

The Product Cycle and Inequality

 

 

 

9:35 am

EFEL

MIKLOS KOREN, Harvard University

 

 

SILVANA TENREYRO, London School of Economics

 

 

Diversification and Development

 

 

 

 

 

 

10:15 am

EFABG

Emmanuel Farhi, MIT

 

 

Ivan Werning, MIT and NBER

 

 

Inequality, Social Discounting and Estate Taxation

 

 

 

10:15 am

EFCE

FLORIN BILBIIE, University of Oxford

 

 

FABIO GHIRONI, Boston College

 

 

MARC J. MELITZ, Harvard University and NBER

 

 

Business Cycles and Firm Dynamics

 

 

 

10:30 am

PRBB

FRANCESCO CASELLI, London School of and NBER

 

 

JAMES FEYRER, Dartmouth College

 

 

The Marginal Product of Capital

 

 

 

10:40 am

EFEL

ANDREA EISFELDT and ADRIANO RAMPINI, Northwestern University

 

 

New or Used?  Investment with Credit Constraints

 

 

 

11:30 am

EFABG

George-Marios Angeletos, MIT and NBER

 

 

Uninsured Idiosyncratic Investment Risk and Aggregate Saving

 

 

 

11:30 am

EFCE

HENRY SIU, University of British Columbia

 

 

Time Consistent Monetary Policy with Endogenous Price Rigidity

 

 

 

11:30 am

EFEL

STAVROS PANAGEAS, MIT

 

 

Technological Growth and Asset Pricing

 

 

 

11:30 am

PRBB

BART HOBIJN, Federal Reserve Bank of New York

 

 

ALISDAIR MCKAY, Princeton University

 

 

Spurious Investment-Specific Technological Change

 

 

 

1:00 pm

EFRSW

RASMUS LENTZ, Boston University

 

 

DALE MORTENSEN, Northwestern University

 

 

An Empirical Model of Growth Through Product Innovation

 

 

 

1:00 pm

EFACR

CHRISTOPHER CARROLL, Johns Hopkins University and NBER

 

 

JIRI SLACALEK, DIW Berlin

 

 

MARTIN SOMMER, International Monetary Fund

 

 

Sticky Expectations and Consumption Dynamics

 

 

 

1:30 pm

PRBB

YURIY GORODNICHENKO, University of Michigan

 

 

What Do We Estimate in Production Function Regressions? Critique and New Approaches

 

 

 

2:00 pm

EFRSW

STEFANIA ALBANESI, Duke University

 

 

CLAUDIA OLIVETTI, Boston University

 

 

Home Production, Market Production and the Gender Wage Gap: Incentives and Expectations

 

 

 

2:15 pm

EFACR

JOHN KNOWLES, University of Pennsylvania

 

 

Home Production and the Decline of the Personal Saving Rate

 

 

 

3:00 pm

PRBB

DENNIS FIXLER and JEREMY NALEWAIK, Bureau of Economic Analysis

 

 

News, Noise and Estimates of the “True” Unobserved State of the Economy

 

 

 

3:15 pm

EFRSW

ANDRES EROSA, University of Toronto

 

 

LUISA FUSTER, Universitat Pompeu Fabra

 

 

DIEGO RESTUCCIA, University of Toronto

 

 

A Quantitative Theory of the Gender Gap in Wages

 

 

 

3:15 pm

EFACR

MATTEO IACOVIELLO, Boston College

 

 

Private Debt and Income Inequality: A Business Cycle Analysis

 

 

 

4:00 pm

PRBB

ERIC BOND, Vanderbilt University

 

 

JAMES TYBOUT, Pennsylvania State University and NBER

 

 

HÂLE UTAR, Pennsylvania State University

 

 

Industrial Evolution in Crisis-Prone Economies

 

 

 

4:14 pm

EFRSW

MARCUS HAGEDORN and IOURII MANOVSKII, University of Pennsylvania

 

 

The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited

 

 

 

THURSDAY, JULY 21

 

 

 

 

8:45 am

PRB

CAROL CORRADO, PAUL LENGERMANN and LARRY SLIFMAN,

 

 

Federal Reserve Board

 

 

The Contribution of Multinational Corporations to US Productivity Growth

 

 

 

9:00 am

EFCE

MARIOS ANGELETOS, MIT and NBER

 

 

Information and the Dynamics of Crises

 

 

 

10:00 am

PRB

JAN DE LOECKER, Catholic University of Louvain, Belgium

 

 

Product Differentiation, Multi- Product Firms and Structural Estimation of Productivity

 

 

 

10:15 am

EFCE

LEE OHANIAN, UC, Los Angeles and NBER

 

 

The U.S. Great Depression: Searching for Suspects

 

 

 

11:15 am

PRB

NICK BLOOM, RAFFAELLA SADUN and JOHN VAN REENEN

 

 

London School of Economics

 

 

It Ain't What You Do It's The Way You Do I.T.: Testing Explanations of Productivity Growth Using U.S. Affiliates

 

 

 

11:30 am

EFCE

VALERIE RAMEY, UC, San Diego and NBER

 

 

NEVILLE FRANCIS, Lehigh University

 

 

A Century of Work and Leisure

 

 

 

1:00 pm

EFRSW

FRANCISCO GONZALEZ, University of British Columbia

 

 

SHOUYONG SHI, University of Toronto

 

 

Learning from Unemployment

 

 

 

1:00 pm

EFACR

MATT CHAMBER, Towson University

 

 

CARLOS GARRIGA and DON SCHLAGENHAUF, University of Florida

 

 

Mortgage Contracts and Housing Tenure-Duration Decision

 

 

 

1:00 pm

IO

KEN HENDRICKS, University of Texas

 

 

ALAN SORENSEN, Stanford University and NBER

 

 

An Empirical Study of Investment Externalities: The Case of Albums by the Same Recording Artist

 

 

 

1:15 am

PRB

SUSANTO BASU, University of Michigan and NBER

 

 

JOHN FERNALD, Federal Reserve Bank of San Francisco

 

 

JONAS FISHER, Federal Reserve Bank of Chicago

 

 

MILES KIMBALL, University of Michigan and NBER

 

 

New Evidence on Durable Goods Biased Technological Change

 

 

 

1:55 pm

EFACR

CESAIRE MEH and YAZ TERAJIMA, Bank of Canada

 

 

Housing, Personal Bankruptcy and Entrepreneurship

 

 

 

 

 

 

2:00 pm

EFRSW

GUIDO MENZIO, Northwestern University

 

 

A Cheap-Talk Theory of Random and Directed Search

 

 

 

2:30 pm

IO

ANDREW SWEETING, Northwestern University

 

 

Music Variety, Station Listenership and Station Ownership in Radio Broadcasting

 

 

 

2:30 pm

PRB

W. ERWIN DIEWERT, University of British Columbia and NBER

 

 

KEVIN J. FOX, University of New South Wales

 

 

On Measuring the Contribution of Entering and Exiting Firms to Aggregate Productivity Growth

 

 

 

2:55 pm

EFACR

VICTOR RIOS-RULL, University of Pennsylvania and NBER

 

 

VIRGINIA SANCHEZ-MARCOS, Universidad de Cantabria

 

 

Housing in General Equilibrium

 

 

 

3:15 pm

EFRSW

VERONICA GUERRIERI, MIT

 

 

Bilateral Asymmetric Information and Labor Market Frictions

 

 

 

3:45 pm

EFACR

DEAN CORBAE, University of Texas at Austin

 

 

ERWAN QUINTAN, Federal Reserve Bank of Dallas

 

 

To ARM or not to ARM: Contract Choice as a Signal

 

 

 

3:45 pm

PRB

JOSHUA LERNER, Harvard University and NBER

 

 

JULIE WULF, University of Pennsylvania

 

 

Innovation and Incentives: Evidence from Corporate R&D

 

 

 

4:00 pm

IO

FRANK WOLAK, Stanford University and NBER

 

 

Quantifying Supply Side Benefits from Forward Contracting in Wholesale Electricity Markets

 

 

 

4:15 pm

EFRSW

BJOERN BRUEGEMANN and GIUSEPPE MOSCARINI, Yale University

 

 

Asymmetric Information and Employment Fluctuations

 

 

 

FRIDAY, JULY 22

 

 

 

 

9:00 am

EFCE

IVAN WERNING, MIT and NBER

 

 

Crises and Prices: Information Aggregation, Multiplicity and Volatility

 

 

 

9:15 am

IO

AUSTAN GOOLSBEE, University of Chicago and NBER

 

 

CHAD SYVERSON, University of Chicago and NBER

 

 

How Do Incumbents Respond to the Threat of Entry? Evidence from Major Airlines

 

 

 

10:15 am

EFCE

ANDREW ATKESON and HAL COLE, UC, Los Angeles and NBER

 

 

A Dynamic Theory of Optimal Capital Structure and Executive Compensation

 

 

 

10:45 am

IO

DAVID GENESOVE, Hebrew University of Jerusalem

 

 

Information Diffusion and Entry: The Dye Famine and its Aftermath

 

 

 

11:30 am

EFCE

LEVON BARSEGHYAN, Cornell University

 

 

Total Factor Productivity and Barriers to Entry

 

 

 

1:00 pm

EFRSW

ROGER FARMER, UC, Los Angeles

 

 

Shooting the Auctioneer

 

 

 

1:00 pm

EFACR

MARK AGUIAR, Federal Reserve Bank of Boston

 

 

ERIK HURST, University of Chicago

 

 

Consumption, Expenditure and Home Production over the Life Cycle

 

 

 

1:15 pm

IO

CHRISTOS GENAKOS, London Business School

 

 

KAI-UWE KUHN, University of Michigan

 

 

JOHN VAN REENEN, London School of Economics

 

 

The Incentives of a Monopolist to Degrade Interoperability: Theory and Evidence from PCs

 

 

 

2:00 pm

EFRSW

GUILLAUME VANDENBROUCKE, University of Southern California

 

 

Long Run Trends in Hours: A Model

 

 

 

2:15 pm

EFACR

THOMAS CROSSLEY, McMaster University

 

 

HAMISH LOW, University of Cambridge

 

 

Unexploited Connections between intra and Intertemporal Allocations

 

 

 

2:45 pm

IO

TOM HOLMES, University of Minnesota and NBER

 

 

The Diffusion of Wal-Mart and Economies of Density

 

 

 

3:15 pm

EFACR

TULLIO JAPPELLI and MARIO PADULA, Università di Salerno 

 

 

LUIGI PISTAFERRI, Stanford University

 

 

A Direct Test of the Buffer-stock Model of Saving

 

 

 

3:15 pm

EFRSW

JOHN KENNES, University of Copenhagen

 

 

Lots of Heterogeneity in a Matching Model

 

 

 

4:15 pm

EFRSW

MANOLIS GALENIANOS, University of Pennsylvania

 

 

PHILIPP KIRCHER, University of Bonn

 

 

Directed Search with Multiple Job Applications

 

 

 

MONDAY, JULY 25

 

 

 

 

8:45 am

LS

JEFFREY GROGGER, University of Chicago and NBER

 

 

Welfare Reform, Returns to Experience, and Wages: Using Reservation Wages to Account for Sample Selection Bias

 

 

 

9:00 am

PRCR

AMIL PETRIN, University of Chicago and NBER

 

 

JAMES LEVINSOHN, University of Michigan and NBER

 

 

Measuring and Mismeasuring Industry Productivity using Plant-level Data

 

 

 

9:00 am

PESI

JONATHAN GRUBER, MIT and NBER

 

 

DAN HUNGERMAN, University of Notre Dame

 

 

Faith-Based Charity and Crowd Out During the Great Depression

 

 

 

10:00 am

LS

DAVID AUTOR, MIT and NBER

 

 

SUSAN HOUSEMAN, Upjohn Institute

 

 

Do Temporary Jobs Improve Labor Market Outcomes for Low-Skilled Workers? Evidence from Random Assignments

 

 

 

10:15

PRCR

KEVIN STIROH, Federal Reserve Bank of New York

 

 

Volatility Accounting: A Production View of Increased Economic Stability

 

 

 

10:15 am

PESI

JEFFREY KLING, Princeton University and NBER

 

 

Temporary Earnings Replacement Accounts

 

 

 

10:20 am

AW

AMY FINKELSTEIN, MIT and NBER

 

 

JAMES POTERBA, MIT and NBER

 

 

Asymmetric Information and the Choice of Risk Factors in Insurance Pricing:  Evidence from the UK Annuity Market

 

 

 

11:10 am

AW

ESTHER DUFLO, MIT and NBER

 

 

WILLIAM GALE, Brookings Institution

 

 

JEFFREY LIEBMAN, Harvard University and NBER

 

 

PETER ORSZAG, Brookings Institution

 

 

EMMANUEL SAEZ, UC, Berkeley and NBER

 

 

Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H & R Block

 

 

 

11:15 am

LS

THOMAS HOLMES, University of Minnesota and NBER

 

 

Geographic Spillover of Unionism

 

 

 

11:30 am

PRCR

MARK DOMS, Federal Reserve Bank of San Francisco

 

 

ETHAN LEWIS, Federal Reserve Bank of Philadelphia

 

 

Information Technology Diffusion and Human Capital

 

 

 

11:30

PESI

BRADLEY HEIM, Duke University

 

 

BRUCE MEYER, University of Chicago and NBER

 

 

A Structural Model of Welfare, Taxes, Labor Supply, and Program Participation

 

 

 

1:00 pm

AW

JEFFREY BROWN, University of Illinois and NBER

 

 

COURTNEY COILE, Wellesley College and NBER

 

 

SCOTT WEISBENNER, University of Illinois and NBER

 

 

Effects of Inheritance Receipt

 

 

 

1:00 pm

HE

JOHN CAWLEY, Cornell University and NBER

 

 

CHAD MEYEROEFER, Agency for Healthcare Research and Quality

 

 

DAVID NEWHOUSE, International Monetary Fund

 

 

The Impact of State Physical Education Requirements on Student Physical Activity and Overweight

 

 

 

1:15 pm

LS

GUY MICHAELS, MIT

 

 

The Effect of Trade on the Demand for Skill B Evidence from the Interstate Highway System

 

 

 

1:30 pm

PRCR

Results from New Datasets (45 minutes each)

 

 

 

 

 

DAVID NEUMARK, JUNFU ZHANG, and BRANDON WALL,

 

 

Public Policy Institute of California

 

 

The Role of Business Relocation in Job Creation and Destruction: Evidence for California from a New Data Source

 

 

 

 

 

MARCELA ESLAVA, University of Maryland

 

 

JOHN HALTIWANGER, University of Maryland and NBER

 

 

ADRIANA KUGLER, University of Houston

 

 

MAURICE KUGLER, University of South Hampton

 

 

Plant Survival, Market Fundamentals and Trade Liberalization

 

 

 

1:30 pm

PESI

AMY FINKELSTEIN, Harvard University and NBER

 

 

ROBIN MCKNIGHT, University of Oregon and NBER

 

 

What Did Medicare Do (And Was it Worth it)?

 

 

 

1:50 pm

AW

MICHAEL D. HURD, RAND Corporation and NBER

 

 

SUSANN ROHWEDDER, RAND Corporation

 

 

Consumption and Economic Well-Being at Older Ages

 

 

 

2:15 pm

HE

DARIUS LAKDAWALLA and NEERAJ SOOD, RAND Corporation and NBER

 

 

Health Insurance Markets, Dynamic Efficiency, and Incentives for Innovation

 

 

 

2:30 pm

LS

BETSEY STEVENSON, University of Pennsylvania

 

 

Beyond the Classroom: Using Title IX to Measure the Return to High School Sports

 

 

 

3:00 pm

PESI

KATE BUNDORF, Stanford University and NBER

 

 

KOSALI SIMON, Cornell University and NBER

 

 

The Effect of Rate Regulation on Demand for Supplemental Health Insurance

 

 

 

3:10 pm

AW

ARIE KAPTEYN, ARTHUR van SOEST

 

 

and JULIE ZISSIMOPOULOS, RAND Corporation

 

 

Using Stated Preferences Data to Analyze Preferences for Full and Partial Retirement

 

 

 

3:15 pm

PRCR

Roundtable: The Upcoming Revision to the UN System of National Accounts

 

 

CHARLES HULTEN, University of Maryland and NBER

 

 

BARBARA FRAUMENI, Bureau of Economic Analysis

 

 

TAREK HARCHAOUI, Statistics Canada

 

 

JACQUES MAIRESSE, INSEE and NBER

 

 

 

3:30 pm

HE

ROSALIE PACULA, RAND and NBER

 

 

BEAU KILMER, Harvard University

 

 

MICHAEL GROSSMAN, City University of New York and NBER

 

 

FRANK CHALOUPKA, University of Illinois at Chicago and NBER

 

 

The Relationship between Marijuana Policy and Marijuana Markets in the United States

 

 

 

3:30 pm

LS

PHIL OREOPOULOS, University of Toronto and NBER

 

 

TILL VON WACHTER, Columbia University

 

 

Study and Learn or Study and Churn: An Analysis of the Long-Term Effects of a Bad Start for College Graduates using Matched Employer-Employee Data

 

 

 

4:00 pm

AW`

ALEJANDRA COX EDWARDS, California State University, Long Beach

 

 

ESTELLE JAMES, The World Bank

 

 

Do Individual Retirement Accounts Postpone Retirement? Evidence from Chile

 

 

 

4:15 pm

PESI

RAJ CHETTY, UC, Berkeley and NBER

 

 

A General Formula for the Optimal Level of Social Insurance

 

 

 

TUESDAY, JULY 26

 

 

 

 

8:45 am

LS

DANIEL BENJAMIN, Harvard University

 

 

JESSE SHAPIRO, University of Chicago

 

 

Who is “Behavioral”? Cognitive Ability and Anomalous Preferences

 

 

 

9:00 am

AW

DAVID CUTLER, SUSAN STEWART and REBECCA WOODWARD, Harvard University and NBER

 

 

A New Method for Calculating the Health Expectancy of the US Population:  Linking Disease Symptoms and Impairments to Diseases and Health Ratings

 

 

 

9:00 am

PENS

ALBERTO ABADIE, Harvard University and NBER

 

 

JAVIER GARDEAZABAL, University of the Basque Country

 

 

Terrorism and the World Economy

 

 

 

9:00 am

PRCR

Updates (20 minutes each)

 

 

 

 

 

B.K. ATROSTIC and SANG V. NGUYEN, Bureau of the Census

 

 

Information Technology, Capital-Labor Substitution and Productivity

 

 

 

 

 

ANA AIZCORBE, Bureau of Economic Analysis

 

 

Price Deflators for High-Technology Goods and the New Buyer Problem

 

 

 

 

 

FRANK WYKOFF, Pomona College

 

 

Obsolescence vs. Deterioration with Embodied Technological Change

 

 

 

9:00 am

HE

JUNE O’NEILL, Baruch College and NBER

 

 

DAVID O’NEILL, Baruch College

 

 

Observational Studies of the Effects of Health Insurance on Health: Evidence from Four Data Sets

 

 

 

9:50 am

AW

LEEMORE DAFNY, Northwestern University and NBER

 

 

DAVID DRANOVE, Northwestern University

 

 

Do Report Cards Tell Consumers Anything They Don't Already Know?  The Case of Medicare HMOs

 

 

 

10:00 am

CH

JOSH ANGRIST, MIT and NBER

 

 

VICTOR LAVY, Hebrew University and NBER

 

 

ANALIA SCHLOSSER, Hebrew University

 

 

New Evidence on the Quantity-Quality Tradeoff

 

 

 

10:00 am

LS

JACOB VIGDOR, Duke University and NBER

 

 

The New Promised Land: Black-White Convergence in the American South, 1940-2000

 

 

 

10:15 am

HE

JEFFREY MIRON, Boston University and NBER

 

 

A Critique of Estimates of the Economic Costs of Drug Abuse

 

 

 

10:15 am

PENS

DAVID JAEGER, College of William and Mary

 

 

M. DANIELE PASERMAN, Hebrew University

 

 

The Spiral of Violence: An Empirical Analysis of Violence in the Palestinian-Israeli Conflict

 

 

 

10:15 am

PRCR

ROBERT FEENSTRA, UC, Davis and NBER

 

 

MICHAEL HARPER, Bureau of Labor Statistics

 

 

MARSHALL REINSDORF, Bureau of Economic Analysis

 

 

MATTHEW J. SLAUGHTER, Dartmouth College and NBER

 

 

Accounting for International Trade in the Measurement of Productivity: Is the Acceleration in U.S. Productivity Growth Overstated?

 

 

 

11:00 am

CH

DALTON CONLEY and REBECCA GLAUBER, New York University

 

 

Parental Educational Investment and Children’s Academic Risk: Estimates of the Impact of Sibship Size and Birth Order from Exogenous Variation in Fertility

 

 

 

11:10

AW

VINCENZO ATELLA, DOMENICO de PALO, FRANCO PERACCHI

 

 

and CLAUDIO ROSETTI, University of Rome Tor Vergata

 

 

Drug Compliance, Co-payment and Health Outcomes: Evidence from a Panel of Italian Patients

 

 

 

11:15 am

PENS

ETHAN KAPSTEIN, INSEAD

 

 

Capturing Fortress Europe: International Collaboration and the Joint Strike Fighter

 

 

 

11:15 am

LS

ROLAND FRYER, Harvard University and NBER

 

 

LISA KAHN, Harvard University

 

 

STEVEN LEVITT, University of Chicago and NBER

 

 

Mixed Race Children and the Nature/Nurture Debate

 

 

 

11:30 am

PRCR

JUAN CARLOS HALLAK, University of Michigan and NBER

 

 

PETER SCHOTT, Yale University and NBER

 

 

Estimating Cross-Country Differences in Product Quality

 

 

 

11:30 am

HE

ANDREW LEIGH, Australian National University

 

 

CHRISTOPHER JENCKS, Harvard University

 

 

Inequality and Health: Long-Run Evidence from a Panel of Countries

 

 

 

1:00 pm

CH

DAMON CLARK, Oxford University

 

 

Politics, Markets and Schools: Quasi-Experimental Evidence on the Impact of Autonomy and Competition from a Truly Revolutionary UK Reform

 

 

 

1:00 pm

PERE

MONIKA PIAZZESI, University of Chicago and NBER

 

 

MARTIN SCHNEIDER, New York University

 

 

Inflation and the Price of Real Assets

 

 

 

1:10 pm

AW

MARTIN BROWN, National Cancer Institute

 

 

DAVID CUTLER, SUSAN STEWART and REBECCA WOODWARD,

 

 

Harvard University and NBER

 

 

Lung Cancer Treatment Costs, What Benefit to the Elderly

 

 

 

1:15 pm

PENS

JEFFREY CLEMENS, Council of Economic Advisers

 

 

Opium in Afghanistan

 

 

 

1:15 pm

LS

JANET CURRIE, UC, Los Angeles and NBER

 

 

ENRICO MORETTI, UC, Berkeley and NBER

 

 

Biology as Destiny? Short and Long-Run Determinants of Inter-generational Correlations in Birth Weight

 

 

 

1:30 am

PRCR

ERWIN DIEWERT, University of British Columbia and NBER

 

 

DENIS LAWRENCE, Meyrick and Associates

 

 

IT, Output Growth and Productivity in Australia

 

 

 

1:50 pm

AW

FRANK LICHTENBERG, Columbia University and NBER

 

 

Home or Nursing Home?  The Effect of Medical Innovation on the Demand for Long-Term Care

 

 

 

2:00 pm

CH

NANCY LUKE, Brown University

 

 

KAIVAN MUNSHI, Brown University and NBER

 

 

Women as Agents of Change: Female Income, Social Affiliation and Household Decisions in South India

 

 

 

2:30 pm

LS

KEVIN LANG, Boston University and NBER

 

 

HONG KANG, Boston University

 

 

Worker Sorting, Taxes and Health Insurance Coverage

 

 

 

2:30 pm

PENS

EDWARD LEAMER, UC, Los Angeles and NBER

 

 

CHRISTOPHER THORNBERG, UC, Los Angeles

 

 

Ports, Trade and Terrorism

 

 

 

2:00 pm

PERE

TRACEY SESLEN, University of Southern California

 

 

WILLIAM WHEATON and HENRY POLLAKOWSKI, MIT

 

 

The Risk and Return to Owning Housing and AHedonic@ Spatial Equilibrium

 

 

 

2:45 pm

PRCR

MINJAE SONG, Georgia Tech

 

 

The Quality-Adjusted Price Index and Consumer Heterogeneity

 

 

 

3:10 pm

AW

DARIUS LAKDAWALLA, RAND Corporation and NBER

 

 

TOMAS PHILIPSON, University of Chicago and NBER

 

 

RICHARD WANG, AstraZeneca Pharmaceuticals

 

 

Marketing and R&D in Pharmaceutical Markets

 

 

 

3:30 pm

LS

RAJ CHETTY, UC Berkeley and NBER

 

 

Why Do Unemployment Benefits Raise Unemployment Durations? The Role of Borrowing Constraints and Income Effects

 

 

 

3:30 pm

PENS

PHILIPPE MARTIN, University of Paris 1

 

 

THIERRY MAYER, University of Paris SUD

 

 

MATHIAS THOENIG, University of Geneva

 

 

Make Trade Not War

 

 

 

3:30 pm

CH

RICHARD AKRESH, University of Illinois

 

 

Adjusting Household Structure: School Enrollment Impacts of Child Fostering in Burkina Faso

 

 

 

3:30 pm

PERE

ROBERT NOVY-MARX, University of Chicago

 

 

The Microfoundations of Hot and Cold Markets

 

 

 

4:00 pm

PRCR

Interim reports (30 minutes each)

 

 

ALAN WHITE, Analysis Group

 

 

JAISON ABEL, Analysis Group

 

 

SCOTT GOLDFARB, Q/P Management Group

 

 

The Use of Function Points in Developing Price Indexes for Custom Software: an Interim Report

 

 

 

 

 

ROBERT SUMMERS, University of Pennsylvania

 

 

Possible Expansion of the Penn World Table

 

 

 

4:30 pm

PERE

GRACE WONG, University of Pennsylvania

 

 

The Anatomy of a Housing Bubble

 

 

 

WEDNESDAY, JULY 27

 

 

 

 

8:30

PERE

SAKU AURA, University of Missouri

 

 

THOMAS DAVIDOFF, UC, Berkeley

 

 

Optimal Taxation and Land

 

 

 

9:00 am

AW/PESS

KENT SMETTERS, University of Pennsylvania and NBER

 

 

Social Security Privatization with Elastic Labor Supply and Second-BestTaxes

 

 

 

9:00 am

LS

CASEY MULLIGAN, University of Chicago and NBER

 

 

YONA RUBENSTEIN, Tel-Aviv University

 

 

Selection, Investment, and Women=s Relative Wages Since 1975

 

 

 

9:00 am

CH

META BROWN and MAURIZIO MAZZOCCO, University of Wisconsin

JOHN KARL SCHOLZ, University of Wisconsin and NBER

ANATH SESHADRI, University of Wisconsin

 

 

Tied Transfers

 

 

 

10:00 am

AW/PESS

ISAAC EHRLICH, University of Buffalo and NBER

 

 

JINYOUNG KIM, University of Buffalo

 

 

Social Security, Demographic Trends, and Economic Growth: Theory and Evidence from the International Experience

 

 

 

10:00 am

CH

ADRIANA LLERAS-MUNEY, Princeton University and NBER

 

 

The Needs of the Army: Using Compulsory Relocation in the Military to Estimate the Effect of Air Pollutants on Children’s Health

 

 

 

10:00 am

PERE

ERIC HANUSHEK, Stanford University and NBER

 

 

KUZEY YILMAZ, Koc University

 

 

Tiebout Meets Alonso  

 

 

and

 

 

Can Money Buy a Better Education?

 

 

 

10:15 am

LS

LEORA FRIEDBERG, University of Virginia and NBER

 

 

ANTHONY WEBB, International Longevity Center 

 

 

The Chore Wars: Household Bargaining and Leisure Time

 

 

 

11:00 am

PERE

ROLAND ANDERSSON, Royal Institute of Technology

 

 

JOHN QUIGLEY, UC, Berkeley

 

 

MATS WILHELMSSON, Royal Institute of Technology

 

 

Urbanization, Productivity and Innovation: Evidence from Investment in Higher Education

 

 

 

11:30 am

CH

ANDERS BJORKLUND, Stockholm University

 

 

DONNA GINTHER, University of Kansas

 

 

MARIANNE SUNDSTROM, Stockholm University

 

 

Does Marriage Matter for Kids? The Impact of Legal Marriage on Child Outcomes

 

 

 

11:30 am

AW/PESS

MARK DUGGAN, University of Maryland and NBER

 

 

PERRY SINGLETON, University of Maryland

 

 

The Increase in Social Security's Normal Retirement Age and the Rise in the Disability Rolls: Is There a Causal Connection?

 

 

 

11:30 am

LS

MARK AGUIAR, Federal Reserve Bank of Boston

 

 

ERIK HURST, University of Chicago

 

 

Measuring Leisure: Results from Five Decades of Time Use Surveys

 

 

 

1:00 pm

PERE

PATRICK BAYER and HANMING FANG, Yale University and NBER

 

 

ROBERT MCMILLAN, University of Toronto

 

 

Separate When Equal? Racial Inequality and Residential Segregation

 

 

 

1:15 pm

LE

DAVID ABRAMS, MIT

 

 

MARIANNE BERTRAND, University of Chicago and NBER

 

 

SENDHIL MULLAINATHAN, Harvard University and NBER

 

 

Do Judges Vary in Their Treatment of Race?

 

 

 

1:30 am

AW/PESS

JAMES CHOI, Yale University

 

 

DAVID LAIBSON, Harvard University and NBER

 

 

BRIGITTE MADRIAN, University of Pennsylvania and NBER

 

 

Not All Information is Created Equal: Using Salience to Manipulate Financial Decisions

 

 

 

1:30 pm

LS/CH

MICHAEL BAKER, University of Toronto and NBER

 

 

JONATHAN GRUBER, MIT and NBER

 

 

KEVIN MILLIGAN, University of British Columbia and NBER

 

 

Universal Child Care, Mother=s Labor Supply, and Child Outcomes

 

 

 

2:00 pm

PERE

DAVID CARD, UC, Berkeley and NBER

 

 

JESSE ROTHSTEIN, Princeton University and NBER

 

 

Racial Segregation and the Black-White Test Score Gap

 

 

 

2:15 pm

LE

CHARLES PLOTT, California Institute of Technology

 

 

KATHRYN ZEILER, Georgetown University

 

 

Asymmetries in Exchange Behavior Incorrectly Interpreted as Evidence of Prospect Theory

 

 

 

2:30 pm

LS/CH

PHILIP OREOPOLOUS, University of Toronto

 

 

MARIANNE PAGE and ANN HUFF STEVENS, UC, Davis and NBER

 

 

The Intergenerational Effects of Unexpected Worker Displacement

 

 

 

3:00 pm

AW/PESS

JOYCE MANCHESTER, Social Security Administration

 

 

New Evidence on Earnings and Benefit Claims Following the Removal of the Retirement Earnings Test in 2000

 

 

 

3:15 pm

LE

NICOLA GENNAIOLI, University of Stockholm

 

 

ANDREI SHLEIFER, Harvard University and NBER

 

 

The Evolution of Precedent

 

 

 

3:30 pm

PERE

FRANCOIS ORTALO-MAGNE, University of Wisconsin

 

 

SVEN RADY, University of Munich

 

 

Heterogeneity within Communities: A Stochastic Model with Tenure Choice

 

 

 

4:00 pm

AW/PESS

NICOLE MAESTAS, RAND Corporation

 

 

Back to Work: Expectations and Realizations of Work After Retirement

 

 

 

4:00 pm

LE

WALLACE MULLIN, George Washington University

 

 

CHRISTOPHER SNYDER, Dartmouth College

 

 

Targeting Employees for Corporate Crime and Forbidding Their Indemnification

 

 

 

4:00 pm

LS/CH

GORDON DAHL, University of Rochester and NBER

 

 

LANCE LOCHNER, University of Western Ontario and NBER

 

 

The Impact of Family Income on Child Achievement

 

 

 

THURSDAY, JULY 28

 

 

 

 

8:30 am

EE

KERRY SMITH, DANIEL PHANEUF, and RAYMOND PALMQUIST, North Carolina State University

 

 

Choice Margins and the Measurement of Ecological Benefits:  The Case of Urban Watersheds

 

 

 

9:00 am

LE

YEON-KOO CHE, University of Wisconsin-Madison

 

 

KATHRYN SPIER, Northwestern University and NBER

 

 

The Financial Structure of Judgment-Proof Injurers

 

 

 

9:00 am

LS/ED

JUSTIN MCCRARY and HEATHER ROYER, University of Michigan

 

 

The Effect of Maternal Education on Fertility and Infant Health: Evidence from School Entry Policies Using Exact Date of Birth

 

 

 

9:00 am

PET

MARTIN LJUNGE and KELLY RAGAN, University of Chicago

 

 

Labor Supply and the Tax Reform of the Century

 

 

 

9:00 am

PRHA

MICHAEL CHERNEW and ROBERT TOWN, University of Michigan and NBER

 

 

PHIL DECICCA, University of Michigan

 

 

Managed Care and Medicare Expenditures

 

 

 

9:30 am

EE

CHRISTOPHER TIMMINS, Duke University

 

 

JENNIFER MURDOCK, University of Toronto

 

 

A Revealed Preference Approach to the Measurement of Congestion in Travel Cost Models

 

 

 

9:45 am

LE

ANDREW DAUGHETY and JENNIFER REINGANUM,

 

 

Vanderbilt University

 

 

Secrecy and Safety

 

 

 

10:00 am

LS/ED

STEVEN LEHRER, Queen’s University

 

 

The Impact of Health on Academic Performance: New Evidence Using Genetic Markers

 

 

 

10:05 am

PRHA

JAY BHATTACHARYA and KATE BUNDORF, Stanford University and NBER

 

 

The Incidence of the Healthcare Costs of Obesity

 

 

 

10:15 am

PET

LI JIN, Harvard University

 

 

SP KOTHARI, MIT

 

 

Determinants of Management Ownership of Unrestricted Equity: Overconfidence versus Tax Explanations

 

 

 

10:45 am

LE

JUSTIN WOLFERS, University of Pennsylvania and NBER

 

 

Did Unilateral Divorce Laws Raise Divorce Rates? A Reconciliation and New Results

 

 

 

10:55 am

PRHA

JASON BARRO, Harvard University and NBER

 

 

ROBERT HUCKMAN, Harvard University and NBER

 

 

DANIEL KESSLER, Stanford University and NBER

 

 

The Effects of Specialty Hospitals on The Cost and Quality of Medical Care

 

 

 

11:00 am

EE

RICHARD ARNOTT, Boston College and NBER

EREN INCI, Boston College

 

 

An Integrated Model of Downtown Parking and Traffic Congestion

 

 

 

11:20 am

LS/ED

THOMAS KANE, UC, Los Angeles and NBER

 

 

JONAH ROCKOFF, Columbia University

 

 

DOUGLAS STAIGER, Dartmouth College and NBER

 

 

Teacher Quality and Alternative Teacher Certification

 

 

 

11:30 am

PET

AUSTAN GOOLSBEE, University of Chicago and NBER

 

 

Taxes and the Labor Supply of Entrepreneurs

 

 

 

11:45 am

LE

ABRAHAM WICKELGREN, University of Texas-Austin

 

 

Why Divorce Laws Matter: Incentives for Non-Contractible Marital Investments Under Unilateral and Consent Divorce

 

 

 

11:55 am

LS/ED

DON BOYD, University of Albany

 

 

PAM GROSSMAN, Stanford University

 

 

HAMP LANKFORD, University at Albany

 

 

SUSANNA LOEB, Stanford University and NBER

 

 

JIM WYCKOFF, University at Albany

 

 

How Reduced Barriers to Entry into Teaching Change the Teacher Workforce and Affect Student Achievement: The Case of New York City

 

 

 

1:00 pm

PRHA

JOHN CAWLEY, Cornell University and NBER

 

 

JOHN RIZZO, SUNY, Stony Brook

 

 

Do Prescription Drug Withdrawals Yield Competitive Benefits to, or Impose Negative Spillovers on, Remaining Drugs in the Therapeutic Class?

 

 

 

1:15 pm

PPL

CHRISTOPHER FERRALL, Queen’s University

 

 

KJELL G. SALVANES and ERIK Ø. SØRENSEN,

 

 

Norwegian School of Economics Joint Production at the Workplace: Evidence from Norwegian Establishment Data

 

 

 

1:30 pm

LS/ED

PHILIPPE AGHION, Harvard University and NBER

 

 

LEAH PLATT BOUSTAN, Harvard University

 

 

CAROLINE HOXBY, Harvard University and NBER

 

 

JEROME VANDENBUSSCHE, Harvard University

 

 

Exploiting States’ Mistakes: Identifying the Causal Impact of Education on Growth when Distance-to-the-Frontier Matters

 

 

 

1:45 pm

LE

JOHN ROMLEY, RAND Corporation

 

 

ERIC TALLEY, University of Southern California

 

 

Unincorporated Professionals

 

 

 

1:45 pm

PET

JONATHAN GRUBER, MIT and NBER

 

 

JOSHUA RAUH, University of Chicago and NBER

 

 

How Elastic is the Corporate Income Tax Base

 

 

 

2:00 pm

EE

WILLIAM WHEELER, Environmental Protection Agency

Environmental Economics Research Priorities at the Environmental Protection Agency

 

 

 

2:05 pm

PRHA

CHRISTOPHER ADAMS and VAN V. BRANTNER, Federal Trade Commission

 

 

Estimating the Costs of New Drug Development: Is it really $802m?

 

 

 

2:30 pm

LS/ED

PATRICK BAYER, Yale University and NBER

 

 

Choice and Competition in Local Education Matters

 

 

 

2:30 pm

PPL

DAVID KAPLAN, ITAM

 

 

ERIC VERHOOGEN, Columbia University

 

 

Quality Upgrading and Establishment Wage Policies: Evidence from Mexican Employer-Employee Data

 

 

 

2:40 pm

EE

IAN PARRY, CAROLYN FISCHER, and WINSTON HARRINGTON, Resources for the Future

 

 

Should Corporate Average Fuel Economy (CAFE) Standards be Tightened?

 

 

 

2:45 pm

LE

DAVID AUTOR, MIT and NBER

 

 

DAVID SCARBOROUGH, Unicru, Inc.

 

 

Will Job Testing Harm Minority Workers?

 

 

 

3:00 pm

PET

JOEL SLEMROD, University of Michigan and NBER

 

 

ESTELLE DAUCHY and CLAUDIA MARTINEZ, University of Michigan

 

 

Corporate Tax Avoidance and the Effectiveness of Investment Tax Incentives

 

 

 

3:10 pm

PRHA

JONATHAN C. JAVITT, Potomac Institute for Policy Studies

 

 

JAMES B. REBITZER, Case Western Reserve University and NBER

 

 

LONNY REISMAN, ActiveHealth Management

 

 

Information Technology and Medical Errors: Evidence from a Randomized Trial

 

 

 

3:40 pm

EE

YANN BRAMOULLE, Laval University

 

 

NICOLAS TREICH, University of Toulouse

 

 

Can Uncertainty Alleviate the Commons Problem?

 

 

 

3:45 pm

LE

JAMES PRIEGER, UC, Davis

 

 

The Impact of the Americans with Disabilities Act on the Entry and Exit of Retail Firms

 

 

 

3:45 pm

LS/ED

FRANCISCO MARTORELL, UC, Berkeley

 

 

Do High School Graduation Exams Matter? A Regression Discontinuity Approach

 

 

 

3:45 pm

PPL

RICHARD FREEMAN, Harvard University and NBER

 

 

MORRIS KLEINER, University of Minnesota and NBER

 

 

The Last American Shoe Manufacturers: Decreasing Productivity and Increasing Profits in the Shift from Piece Rates to Continuous Flow Production

 

 

 

FRIDAY, JULY 29

 

 

 

 

8:30 am

EE

VIRGINIA MCCONNELL University of Maryland-Baltimore County MARGARET WALLS, Resources for the Future

 

 

ELIZABETH KOPITS, Environmental Protection Agency

 

 

Zoning Rules and the Density of Development

 

 

 

8:45 am

LS

NICK BLOOM and JOHN VAN REENEN, London School of Economics

 

 

Management Matters:  Management Practices and Productivity Dispersion B Between Firms and Nations

 

 

 

9:00 am

LE/CG

VINAY B. NAIR, University of Pennsylvania

 

 

Corporate Governance and Internal Organization

 

 

 

9:00 am

PRHA

STEPHEN T. PARENTE, ROGER FELDMAN, JEAN ABRAHAM, JON CHRISTIANSON

 

 

University of Minnesota

 

 

Assessing the Impact of Health Savings Accounts on Insurance and Coverage Costs

 

 

 

9:30 am

EE

MARCY BURCHFIELD, Neptis Foundation

HENRY OVERMAN, London School of Economics

DIEGO PUGA and MATTHEW TURNER, University of Toronto

 

 

Causes of Sprawl:  A Portrait from Space

 

 

 

9:50 am

LE/CG

MICHAEL JENSEN, Harvard University and NBER

 

 

KEVIN J. MURPHY, University of Southern California

 

 

ERIC WRUCK, Econalytics

 

 

CEO Pay . . . and How to Fix It

 

 

 

10:00 am

LS

EDWARD LAZEAR and KATHRYN SHAW, Stanford University and NBER

 

 

Wage Structure, Raises and Mobility

 

 

 

10:05 am

PRHA

KATHERINE BAIKER and AMITABH CHANDRA, Dartmouth College and NBER

 

 

The Labor Market Effects of Rising Health Insurance Premiums

 

 

 

11:00 am

EE

SPENCER BANZHAF, Resources for the Future

RANDALL WALSH, University of Colorado

 

 

Testing for Environmental Gentrification

 

 

 

11:00 am

LE/CG

LUCIAN BEBCHUK, Harvard University and NBER

 

 

ZVIKA NEEMAN, Boston University

 

 

A Political Economy Model of Corporate Governance

 

 

 

11:10 am

PRHA

HELEN LEVY, University of Michigan and NBER

 

 

Health Insurance and the Wage Gap

 

 

 

11:15 am

LS

OLIVIA MITCHELL, University of Pennsylvania and NBER

 

 

STELLA YANG, University of Pennsylvania

 

 

STEVE UTKUS, Vanguard

 

 

Turning Workers Into Savers? Workplace Determinants and Behavioral Effects of

 

 

401(k) Pension Plan Design

 

 

 

11:50 am

LE/CG

MEGHANA AYYAGARI, George Washington University

 

 

ASLI DEMIRGÜÇ-KUNT, The World Bank

 

 

VOJISLAV MAKSIMOVIC, University of Maryland

 

 

How Well Do Institutional Theories Explain Firms’ Perceptions of Property Rights?

 

 

 

12:00 n

PRHA

DAVID CARD, UC, Berkeley and NBER

 

 

CARLOS DOBKIN, UC, Santa Cruz

 

 

NICOLE MAESTAS, RAND Corporation

 

 

The Impact of Health Insurance Status on Treatment Intensity and Health Outcomes

 

 

 

1:00 pm

EE

ERIN MANSUR and ROBERT MENDELSOHN, Yale University

WENDY MORRISON, Texas A&M University

 

 

A Discrete-Continuous Choice Model of Climate Change Impacts on Energy

 

 

 

1:15 pm

LS

ALEXANDRE MAS, UC, Berkeley

 

 

Pay, Reference Points, and Police Performance

 

 

 

1:40 pm

LE/CG

AMY DITTMAR, University of Michigan

 

 

JAN MAHRT-SMITH, University of Toronto

 

 

Corporate Governance and the Value of Cash Holdings

 

 

 

2:00 pm

EE

LINDA BUI, Brandeis University

 

 

Public Disclosure of Private Information as a Tool for Regulating Environmental Emissions:  Firm-Level Responses by Petroleum Refineries to the Toxics Release Inventory  

 

 

 

2:30 pm

LE/CG

LUBOMIR P. LITOV, New York University

 

 

Corporate Governance and Financing Policy:  New Evidence

 

 

 

2:30 pm

LS

PETER MEYER, Bureau of Labor Statistics

 

 

ROBERT D. MOHR, University of New Hampshire

 

 

CINDY ZOGHI, Bureau of Labor Statistics

 

 

Workplace Organization and Innovation

 

 

 

3:15 pm

EE

KIP VISCUSI, Harvard University and NBER

JOEL HUBER, Duke University

 

 

Hyperbolic Discounting of Environmental Goods

 

 

 

3:40 pm

LE/CG

MILTON HARRIS, University of Chicago

 

 

ARTUR RAVIV, Northwestern University

 

 

A Theory of Board Control and Size

 

 

 

3:45 pm

LS

TOR ERIKSSON, Aarhus School of Business

 

 

SABRINA TEYSSIER and MARIE-CLAIRE VILLEVAL, University of Lyon

 

 

Does Self-Selection Improve the Efficiency of Tournaments?

 

 

 

4:30 pm

LE/CG

A. BURAK GÜNER, Stanford University

 

 

ULRIKE MALMENDIER, Stanford University and NBER

 

 

GEOFFREY TATE, University of Pennsylvania

 

 

The Impact of Boards with Financial Expertise on Corporate Policies

 

 

 

MONDAY, AUGUST 1

 

 

 

 

9:00 am

CF

AUGUSTIN LANDIER, New York University

 

 

DAVID SRAER, CREST-INSEE

 

 

DAVID THESMAR, ENSAE-CREST

 

 

Bottom-Up Corporate Governance

 

 

 

9:30 am

ITI

MATILDE BOMBARDINI, MIT

 

 

Firm heterogeneity and lobby participation

 

 

 

9:50 am

CF

ULRIKE MALMENDIER, Stanford University and NBER

 

 

GEOFFREY TATE, University of Pennsylvania

 

 

Superstar CEO’s

 

 

 

11:00 am

ITI

JUAN CARLOS HALLAK, University of Michigan

 

 

PETER SCHOTT, Yale University

 

 

Estimating Cross-Country Differences in Product Quality

 

 

 

11:00 am

CF

ULF AXELSON, Stockholm Institute for Financial Research

 

 

PER STROMBERG, University of Chicago and NBER

 

 

MICHAEL WEISBACH, University of Illinois and NBER

 

 

Why Are Buyouts Leveraged? The Financial Structure of Private Equity Funds

 

 

 

1:00 pm

ITI

HIAU LOOI KEE and ALESSANDRO NICITA, The World Bank

 

 

MARCELO OLARREAGA, World Trade Organization

 

 

Import Demand Elasticities and Trade Distortions

 

 

 

1:00 pm

CF

VIRAL ACHARYA, London Business School 

 

 

HEITOR ALMEIDA, New York University and NBER

 

 

MURILLO CAMPELLO, University of Illinois

 

 

Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies

 

 

 

1:50 pm

CF

JOHN GRAHAM, Duke University

 

 

ALAN TUCKER, Pace University

 

 

Tax Shelters and Corporate Debt Policy

 

 

 

2:30 pm

ITI

GUY MICHAELS, MIT

 

 

The Effect of Trade on the Demand for Skill--Evidence from the Interstate Highway System

 

 

 

3:00 pm

CF

GORDON PHILLIPS, University of Maryland and NBER

 

 

ARMANDO GOMES, University of Pennsylvania

 

 

Why Do Public Firms Issue Private and Public Securities?

 

 

 

3:50 pm

CF

SERGEY CHERNENKO, Federal Reserve System

 

 

MICHAEL FAULKENDER and TODD MILBOURN, Washington University

 

 

Why Are Firms Using Interest Rate Swaps to Time the Yield Curve?

 

 

 

TUESDAY, AUGUST 2

 

 

 

 

8:30 am

CF

ASIM IJAZ KHWAJA, Harvard University

 

 

ATIF MIAN, University of Chicago

 

 

Tracing the Impact of a Liquidity Crunch

 

 

 

9:20 am

CF

MARIASSUNTA GIANNETTI, Stockholm School of Economics

 

 

STEVEN ONGENA, Norwegian School of Management

 

 

Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets

 

 

 

9:30 am

ITI

STEPHEN REDDING, London School of Economics

 

 

DANIEL STURM, University of Munich

 

 

The Costs of Remoteness: Evidence from the German Division and Re-unification

 

 

 

10:25 am

CF

JOSE LIBERTI, London Business School

 

 

How Does Organizational Form Matter? 

 

 

Communication, Distance and Soft Information

 

 

 

11:00 am

ITI

THOMAS CHANEY, MIT

 

 

Distorted Gravity: Heterogeneous Firms, Market Structure and the Geography of International Trade

 

 

 

11:15 am

CF

ANDREA EISFELDT and  ADRIANO RAMPINI, Northwestern University

 

 

New or Used? Investment with Credit Constraints

 

 

 

1:00 pm

ITI

CAGLAR OZDEN, World Bank

 

 

CAROLINE FREUND, The World Bank

 

 

Trade Policy and Loss Aversion

 

 

 

1:10 pm

CF

JOSH COVAL, Harvard University and NBER

 

 

ERIK STAFFORD, Harvard University

 

 

Asset Fire Sales (and Purchases) in Equity Markets

 

 

 

2:00 pm

CF

MANJU PURI, Duke University and NBER

 

 

DAVID ROBINSON, Duke University

 

 

Optimism and Economic Choice

 

 

 

2:30 pm

ITI

ANDRES RODRIGUEZ CLARE, University of Chicago

 

 

GIOVANNI MAGGI. Princeton University

 

 

A Political Economy Theory of Trade Agreements

 

 

 

3:10 pm

CF

SENDHIL MULLAINATHAN and ANDREI SHLEIFER,

 

 

Harvard University and NBER

 

 

Persuasion in Finance

 

 

 

WEDNESDAY, AUGUST 3

 

 

 

9:30 am

ITI

DAVID KAPLAN, Instituto Tecnológico Autónomo de México

 

 

ERIC VERHOOGEN, Columbia University

 

 

Quality Upgrading and Establishment Wage Policies: Evidence from Mexican Employer-Employee Data

 

 

 

11:00 am

ITI

DEAN YANG. University of Michigan

 

 

Coping With Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2001

 

 

 

1:00 pm

ITI

KEI-MU YI, Federal Reserve Bank of Philadelphia

 

 

Vertical Specialization and the Border Effect

 

 

 

2:30 pm

ITI

THIERRY MAYER, University of Paris, sud

 

 

PHILIPPE MARTIN, University of Paris I

 

 

MATHIAS THOENIG, CEPR

 

 

Make Trade not War

 

 

 

THURSDAY, AUGUST 4

 

 

 

9:30 am

ITI

RODNEY LUDEMA, and ANA MARIA MAYDA, Georgetown University

 

 

Do Countries Free Ride on MFN?

 

 

 

11:00 am

ITI

AHMED MUSHFIQ MOBARAK and DENNI PUSPA PURBASARI,

 

 

University of Colorado at Boulder

 

 

Corrupt Trade Protection in Developing Countries: Firm Level Evidence on Political Connections and Import Licenses in Indonesia