NATIONAL BUREAU OF ECONOMIC RESEARCH Summer Institute 2006 Master Program
MONDAY, JULY 10:
9:00 am	IFM		KOSUKE AOKI and GIANLUCA BENIGNO, London School of Economics
			NOBUHIRO KIYOTAKI, London School of Economics and NBER
			Adjusting to Capital Liberalization
9:15 am	DAE		RICHARD STECKEL, Ohio State University and NBER
			Ecological Conditions and Nutritional Success of Equestrian Nomads on the Great Plains
10:20 am	DAE		PETER MANCALL, University of Southern California
			JOSH ROSENBLOOM and TOM WEISS, University of Kansas and NBER
			Re-Examining the Role of Exports in the Economy of Colonial America: Evidence from the Middle Colonies and Lower South
10:40 am	IFM		ENRIQUE MENDOZA, University of Maryland and NBER
			MARCELO OVIEDO, Iowa State University
			Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets
11:25 am	DAE		FILIPPO OCCHINO, Rutgers University
			KIM OOSTERLINCK, Université Libre de Bruxelles
			EUGENE WHITE, Rutgers University and NBER
			How Occupied France Financed its own Exploitation in World War II
1:15 pm	DAE		LATIKA CHAUDHARY, UC, Los Angeles
			Social Divisions and Public Goods Provision: Evidence from Colonial India
2:15 pm	ME		LINDA GOLDBERG, Federal Reserve Bank of New York and NBER
			MICHAEL KLEIN, Tufts University and NBER
			Establishing Credibility: Evolving Perceptions of the European Central Bank
2:20 pm	DAE		KEN SOKOLOFF, UC, Los Angeles and NBER
			ERIC ZOLT, UC, Los Angeles
			Inequality and the Evolution of Institutions of Taxation: Evidence from the Economic History of the Americas
3:10 pm	ME		MATTEO CICCARELLI and BENOÎT MOJON, European Central Bank
			Global Inflation
3:25 pm	DAE		ART CARDEN, Washington University
			Trial by Fury: Institutions and Southern Development
TUESDAY, JULY 11:
8:30 am	EFWW		ULRICH MUELLER, Princeton University
			Correlation and Heterogeneity Robust Inference Based on T-Statistics
9:00 am	DAE		ERIC HILT, Wellesley College and NBER
			Corporate Ownership and Governance in the Early Nineteenth Century
9:00 am	IFM		DOIREANN FITZGERALD, UC, Santa Cruz
			Trade Costs, Asset Market Frictions and Risk Sharing: A Joint Test
9:45 am	EFWW		MICHAEL McCRACKEN, University of Missouri
			Combining Forecasts from Nested Models
10:05 am	DAE		RICHARD SYLLA and ROBERT WRIGHT, New York University and NBER
			DAVID COWEN, New York University
			The U.S. Panic of 1792: Financial Crisis Management and the Lender of Last Resort
10:40 am	IFM		FERNANDO BRONER and ALBERTO MARTIN, CREI
			JAUME VENTURA, Universitat Pompeu Fabra and NBER
			Sovereign Risk and Secondary Markets
11:00 am	EFWW		ALEXEI ONATSKI, Columbia University
			Asymptotic Distribution of Principal Components Estimator of Large Spherical Factor Models
11:10 am	DAE		SEAN GAILMARD and JEFFERY JENKINS Northwestern University
			Agency Problems and Electoral Institutions: The 17^th Amendment and Representation in the Senate
1:00 pm	DAE		CAROLA FRYDMAN, Harvard University
			Rising Through the Ranks: The Evolution of the Market for Corporate Executives, 1936-2003
1:00 pm	ME		MARK GERTLER and JOHN LEAHY, New York University and NBER
			A Phillips Curve with an Ss Foundation
1:55 pm	ME		CARLOS CARVALHO, Princeton University
			Heterogeneity in Price Stickiness and the New Keynesian Phillips Curve
2:10 pm	DAE		JOE KABOSKI, Ohio State University
			TREVON LOGAN, Ohio State University and NBER
			The Returns to Education in the Early 20th Century: New Historical Evidence
3:05 pm	ME		THOMAS SARGENT, New York University and NBER
			NOAH WILLIAMS, Princeton University and NBER
			TAO ZHA, Federal Reserve Bank of Atlanta
			Hyperinflations: Expectations, Escapes, and Regimes
3:15 pm	DAE		RON ALQUIST, University of Michigan
			BENJAMIN CHABOT, University of Michigan and NBER
			The Tie That Bound? Did Adherence to the Gold Standard Really Lower the Cost of Capital?
WEDNESDAY, JULY 12:
8:30 am	EFWW		MIN WEI, Federal Reserve Board
			Do Macro Variables, Asset Markets, or Surveys Forecast Inflation Better?
9:00 am	DAE		SUNG WON KANG, Samsung Group
			HUGH ROCKOFF. Rutgers University and NBER
			After Johnny Came Marching Home: Veterans Benefits from the Revolution through the Korean War
9:00 a.m.	IFM		PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER
			OLIVIER JEANNE, International Monetary Fund
			Capital Flows to Developing Countries: the Allocation Puzzle
9:45	EFWW		REFET GÜRKAYNAK, Bilkent University
			JUSTIN WOLFERS, University of Pennsylvania and NBER
			Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk
10:05 am	DAE		MINDY MILLER, University of Michigan
			Forty Acres and (no) Mule: Evaluating the Impact of Free Land on the Outcomes of Former Slaves
10:40 a.m.	IFM		JIANDONG JU, University of Oklahoma
			SHANG-JIN WEI, Harvard University and NBER
			A Solution to Two Paradoxes of International Capital Flows
11:00 am	EFWW		MASSIMILIANO MARCELLINO, Universita Bocconi
			A Simple Benchmark for Forecasts of Growth and Inflation
11:10 am	DAE		RADEK SZULGA, UC, Davis
			A Dynamic Model of Female Labor Force Participation Rate and Human Capital Investment
1:00 pm	DAE		TODD SORENSEN, University of Arizona
			SAMUEL ALLEN, UC, Davis
			PRICE FISHBACK, University of Arizona and NBER
			SHAWN KANTOR, UC, Merced and NBER
			Migration Creation, Diversion, and Retention: The New Deal Grants and Migration, 1935-1940
1:00 pm	ME		JEAN BOIVIN and MARC GIANNONI, Columbia University and NBER
			ILIAN MIHOV, INSEAD
			Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data
1:55 pm	ME		PETER KLENOW, Stanford University and NBER
			JONATHAN WILLIS, Federal Reserve Bank of Kansas City
			Real Rigidities and Nominal Price Changes
2:10 pm	DAE		ZORINA KHAN, Bowdoin College and NBER
			To Have and Have Not: Are Rich Litigious Plaintiffs Favored in Court Cases?
3:05 pm	ME		GITA GOPINATH, Harvard University and NBER
			ROBERTO RIGOBON, MIT and NBER
			Sticky Borders
3:15 pm	DAE		PETER TEMIN, MIT and NBER
			The Rate of Time Preference in the United States Government
THURSDAY, JULY 13:
8:30 am	EFWW		JOHN GEWEKE, University of Iowa
			Smoothly Mixing Regressions
8:30 am	Risk		DARRELL DUFFIE, Stanford University and NBER
			ANDREAS ECKNER, GUILLAUME HOREL and LEANDO SAITA,
			Stanford University
			Frailty Correlated Default
9:00 am	DAE		THOMAS MROZ and KOLEMAN STRUMPF, University of North Carolina at Chapel Hill
			PAUL RHODE, University of North Carolina and NBER
			School Quality and Migration: Evidence from 1940
9:00 am	IFM		LINDA GOLDBERG, Federal Reserve Bank of New York and NBER
			JOSÉ CAMPA, IESE Business School
			Distribution Margins, Imported Inputs and the Insensitivity of the CPI to Exchange Rates
9:45	Risk		GARY GORTON, University of Pennsylvania and NBER
			PING HE, University of Illinois at Chicago
			LIXIN HUANG, City University of Hong Kong
			Asset Prices When Agents are Marked to Market
9:45 am	EFWW		GIORGIO PRIMICERI, Northwestern University and NBER
			ALEJANDRO JUSTINIANO, Federal Reserve Board of Governors
			The Time Varying Volatility of Macroeconomic Fluctuations
10:05 am	DAE		PETRA MOSER, MIT and NBER
			War and Ethnic Discrimination: Evidence from Applications to the New York Stock Exchange, 1883-1973
10:40 a.m.	IFM		STIJN VAN NIEUWERBURGH, Stanford University and NBER
			LAURA VELDKAMP, New York University
			Information Immobility and the Home Bias Puzzle
11:00 am	EFWW		ANDREW PATTON, London School of Economics
			Volatility Forecast Comparison Using Imperfect Volatility Proxies
11:00 am	Risk		FRANCIS LONGSTAFF, UC, Los Angeles and NBER
			ARVIND RAJAN, Citigroup
			An Empirical Analysis of the Pricing of Collateralized Debt Obligations
11:10 am	DAE		CHRISTOPHER MEISSNER, Cambridge University and NBER
			DAVID JACKS, Simon Fraser University
			America's Icebergs: Measuring International Integration for the USA, 1870-1913
1:00 pm	AP		DIRK KRUEGER, Goethe University Frankfurt and NBER
			HANNO LUSTIG, UC, Los Angeles and NBER
			The Irrelevance of Market Incompleteness for the Price of Aggregate Risk
1:00 pm	ME		RICARDO CABALLERO, MIT and NBER
			TAKEO HOSHI, UC, San Diego and NBER
			ANIL KASHYAP, University of Chicago and NBER
			Zombie Lending and Depressed Restructuring in Japan
1:55 pm	ME		ROBERT BARSKY, University of Michigan and NBER
			ERIC SIMS, University of Michigan
			Information Shocks, Animal Spirits, and the Meaning of Innovations in Consumer Confidence
2:15 pm	AP		HONGJUN YAN, Yale University
			Is Noise Trading Cancelled out by Aggregation
3:05	ME		MICHAEL ELSBY, University of Michigan
			Evaluating the Economic Significance of Downward Nominal Wage Rigidity
3:30	AP		VICTOR-ANGEL DEMIGUEL, London Business School
			LORENZO GARLAPPI, University of Texas at Austin
			RAMAN UPPAL, London Business School
			1/N
FRIDAY, JULY 14:
8:30 am	AP		ZHI DA and ERNST SCHAUMBURG, Northwestern University
			Target Prices, Relative Valuations and the Compensation for Liquidity Provision
8:30 am	EFWW		JAMES NASON, Federal Reserve Bank of Atlanta
			JOHN ROGERS, Federal Reserve Board
			Making Exchange Rates Sparkle: Restricting Its Present-Value Model with Common Trends and Common Cycles
9:00 am	EFJK		CHRISTIAN BRODA, University of Chicago and NBER
			JOSHUA GREENFIELD, Columbia University
			DAVID WEINSTEIN, Columbia University and NBER
			From Groundnuts to Globalization: A Structural Estimate of Trade and Growth
9:00 am	IFM		ADRIEN VERDELHAN, Boston University
			A Habit-Based Explanation of the Exchange Rate Risk Premium
9:45 am	EFWW		JAN GROEN, Bank of England
			Fundamentals Based Exchange Rate Prediction Revisited
9:45 am	AP		ERICA LI, University of Rochester
			DMITRY LIVDAN, Texas A&M University
			LU ZHANG, University of Rochester and NBER
			Optimal Market Timing
10:15 am	EFJK		RAMON MARIMON, University of Pompeu Fabra
			VINCENZO QUADRINI, University of Southern California and NBER
			Competition, Innovation and Growth with Limited Commitment
10:40 a.m.	IFM		RODNEY RAMCHARAN, International Monetary Fund
			Does Economic Diversification Lead to Financial Development? Evidence from Topography
11:00 am	EFWW		FILIPPO ALTISSIMO, European Central Bank
			RICCARDO CRISTADORO, Banca d'Italia
			MARIO FORNI, Universita de Modena e Reggio Emilia
			MARCO LIPPI, Universita di Roma La Sapienza
			GIOVANNI VERONESE, Banca d'Italia
			New Eurocoin: Tracking Economic Growth in Real Time
11:00 am	AP		ANDREW DUBINSKY and MICHAEL JOHANNES, Columbia University
			Anticipated Uncertainty, Earnings Announcements, and Equity Options
11:15 am	EFJK		MOSHE HAZAN, Hebrew University
			Longevity and Lifetime Labor Input: Data and Implications
1:00 pm	AP		EVAN ANDERSON, Northern Illinois University
			ERIC GHYSELS, University of North Carolina at Chapel Hill
			JENNIFER JUERGENS, Arizona State University
			The Impact of Risk and Uncertainty on Expected Returns
1:00 pm	ME		LUCA BENATI, Bank of England
			UK Monetary Regimes and Macroeconomic Stylised Facts
1:15 pm	EFJK		DIEGO COMIN, New York University and NBER
			BART HOBIJN, and EMILIE ROVITO, Federal Reserve Bank of New York
			Five Facts You Need to Know About Technology Diffusion
1:55 pm	ME		GARY RICHARDSON and WILLIAM TROOST, 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
2:15 pm	AP		LAURENT CALVET, HEC School of Management and NBER
			JOHN CAMPBELL, Harvard University and NBER
			PAOLO SODINI, Stockholm School of Economics
			Down and Out: Assessing the Welfare Costs of Household Investment Mistakes
2:30 pm	EFJK		ANDRES EROSA, University of Toronto
			TATYANA KORESHKOVA, Oberlin College
			DIEGO RESTUCCIA, University of Toronto
			On the Aggregate and Distributional Implications of Productivity Differences Across Countries
3:05 pm	ME		MICHELLE ALEXOPOULOS, University of Toronto
			Read All About It!! What Happens Following a Technology Shock?
3:30 pm	AP		MARIANO CROCE, New York University
			MARTIN LETTAU and SYDNEY LUDVIGSON, New York University and NBER
			Investor Information Long Run Risk and the Duration of Risky Cash-Flows
3:30 pm	EFJK		DARON ACEMOGLU and SIMON JOHNSON, MIT and NBER
			Disease and Development: The Effect of Life Expectancy on Economic Growth
SATURDAY, JULY 15:
9:00 am	EFG		RICARDO CABALLERO, MIT and NBER
			EMMANUEL FARHI, MIT
			PIERRE-OLIVIER GOURINCHAS, UC, Berkeley and NBER
			An Equilibrium Model of Global Imbalances and Low Interest Rates
10:30 am	EFG		JONATHAN HEATHCOTE, Georgetown University
			FABRIZIO PERRI, New York University and NBER
			The International Diversification Puzzle is Not as Bad as You Think
11:30 am	EFG		RAJ CHETTY, UC, Berkeley and NBER
			ADAM SZEIDL, UC, Berkeley
			Consumption Commitments and Risk Preferences
1:30 pm	EFG		NICK BLOOM, Stanford University
			The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation
3:00 pm	EFG		FATIH GUVENEN and BURHANETTIN KURUSCU, University of Texas at Austin
			Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change
4:00 pm	EFG		FRANCISCO BUERA, Northwestern University
			JOSEPH KABOSKI, Ohio State University
			The Rise of the Service Economy
MONDAY, JULY 17:
9:00 am		EFACR		JUAN CARLOS CONESA, Universitat Autonoma de Barcelona
				SAGIRI KITAO, New York University
				DIRK KRUEGER, Goethe University Frankfurt and NBER
				Taxing Capital? Not a Bad Idea After All!
9:00 am		EFCE		NIR JAIMOVICH, UC, San Diego
				HENRY SIU, University of British Columbia
				Demographics and Business Cycle Volatility
9:00 am		PRCR		BARRY BOSWORTH, Brookings Institution
				JACK TRIPLETT, Brookings Institution
				Services Productivity: State of the Data and of the Analysis
10:15		EFACR		JUAN CARLOS CORDOBA, Rice University
				GENEVIEVE VERDIER, Texas A&M University
				Lucas vs. Lucas: On Inequality and Growth
10:15 am		EFCE		NIR JAIMOVIC, UC, San Diego
				SERGIO REBELO, Northwestern University and NBER
				Do News Shocks Drive the Business Cycle?
10:15 am		PRCR		MICHAEL HORRIGAN, DEANNA BATHGATE and ROSLYN SWICK,
				Bureau of Labor Statistics
				BLS Services Producer Price Indices: Past, Present, and Future
11:30 am		EFACR		JEREMY LISE, Queen’s University
				On-the-Job Search and Precautionary Savings: Theory and Empirics of Earnings and Wealth Inequality
11:30 am		EFCE		LAWRENCE CHRISTIANO, Northwestern University and NBER
				ROBERTO MOTTO and MASSIMO ROSTAGNO, European Central Bank
				Monetary Policy and Boom-Bust Cycles
11:30 am		PRCR		ANA AIZCORBE, Bureau of Economic Analysis
				NICOLE NESTORIAK, Bureau of Economic Analysis
				Measuring the Real Output of Medical Care Services
12:40 pm		EFRSW		MICHAEL PRIES, University of Maryland
				Heterogeneity and the Amplification of Shocks
1:00 pm		EFEL		JOHN BOYD, University of Minnesota
				GIANNI DE NICOLO, International Monetary Fund
				ABU AL JALAL, University of Minnesota
				Bank Risk Taking and Competition Revisied: New Theory and New Evidence
1:30 pm		EFABG		DARON ACEMOGLU, MIT and NBER
				JAMES ROBINSON, Harvard University and NBER
				Persistence of Power, Elites and Institutions
1:30 pm		EFRSW		CHRISTIAN HAEFKE and MICHAEL REITER, Universitat Pompeu Fabra
				Endogenous Labor Market Participation and the Business Cycle
1:30 pm		PRCR		SCOTT GOLDFARB and ROGER HELLER, Q/P Management Group
				ALAN WHITE and JAISON ABEL, Analysis Group
				Price Indexes for Custom and Own-Account Software
1:50 pm		EFEL		ARVIND KRISHNAMURTHY and ZHIGUO HE, Northwestern University
				Intermediation, Capital Immobility, and Asset Prices
2:30 pm		PRCR		ROBERT YUSKAVAGE, Bureau of Economic Analysis
				Distributive Services in the U.S. National Accounts
2:40 pm		EFRSW		GADI BARLEVY, Federal Reserve Bank of Chicago
				H. NAGARAJA, Ohio State University
				Identification of Search Models with Initial Condition Problems
2:45 pm		EFABG		JESS BENHABIB and ALBERTO BISIN, New York University
				The Distribution of Wealth and Redistributive Policies
2:55 pm		EFEL		STAVROS PANAGEAS, University of Pennsylvania
				Bailouts and the Incentive to Manage Risk
3:30 pm		EFRSW		EVA NAGYPAL, Northwestern University
				On the Nature of Job-to-Job Transitions
3:45 pm		EFEL		MOTOHIRO YOGO, University of Pennsylvania
				BORJA LARRAIN, Federal Reserve Bank of Boston
				Does Firm Value Move Too Much to Be Justified by Subsequent Changes in Cash Flow?
4:00 pm		EFABG		DIEGO COMIN, New York University and NBER
				BART HOBIJN, Federal Reserve Bank of New York
				Lobbies and Technology Diffusion
4:40 pm		EFRSW		RASMUS LENTZ, Boston University
				DALE MORTENSEN, Northwestern University
				Optimal Growth through Product Innovation
TUESDAY, JULY 18:
9:00 am		EFABG		MATTHIAS DOEPKE, UC, Los Angeles and NBER
				MOSHE HAZAN, Hebrew University
				YISHAY MAOZ, University of Haifa
				The Baby Boom and World War II: The Role of Labor Market Experience
9:00 am		EFACR		MARIACRISTINA DE NARDI and ERIC FRENCH,
				Federal Reserve Bank of Chicago
				JOHN BAILEY JONES, University at Albany
				Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles
9:00 am		EFCE		ANDREW LEVIN, DAVID LOPEZ-SALIDO and TACK YUN,
				Federal Reserve Board
				Strategic Complementarities and Optimal Monetary Policy
9:00 am		PRCR		DENNIS FIXLER, Bureau of Economic Analysis
				MARSHALL REINSDORF, Bureau of Economic Analysis
				Computing Real Bank Services
9:45 am		PRCR		SUSANTO BASU, Boston College
				ROBERT INKLAAR, University of Groningen and the Conference Board
				CHRISTINA WANG, Federal Reserve Bank of Boston
				Implicit Prices of Implicit Financial Services
				SUSANTO BASU, Boston College
				CHRISTINA WANG, Federal Reserve Bank of Boston
				Microfoundations of the “User Cost of Money” and the Measurement of Financial Services Prices
10:15 am		EFABG		ODED GALOR, Brown University
				OMER MOAV, Hebrew University
				Natural Selection and the Evolution of Life Expectancy
10:15 am		EFACR		CHRISTIAN GOLLIER, University of Toulouse
				Whom Should We Believe? Collective Risk-Taking Decisions with Heterogeneous Beliefs
10:15 am		EFCE		MICHAEL WOODFORD, Columbia University and NBER
				Robustly Optimal Monetary Policy Under Near-Rational Expectations
10:30 am		EFABG		RODOLFO MANUELLI and ANANTH SESHADRI, University of Wisconsin
				Births, Deaths and Development: The Role of Human Capital
11:30 am		EFACR		VINCENZO QUADRINI, University of Southern California and NBER
				JOSE-VICTOR RIOS-RULL, University of Pennsylvania and NBER
				Capital Markets Liberalization, Savings and Global Imbalances
11:30 am		EFCE		STEPHANIE SCHMITT-GROHE and MARTIN URIBE.
				Duke University and NBER
				Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model
12:40 pm		EFRSW		ROBERT HALL, Stanford University and NBER
				Work-Consumption Preferences and Employment Volatility
1:00 pm		EFEL		MICHAEL HALIASSOS, Goethe University Frankfurt
				DIMITRIS CHRISTELIS, University of Salerno
				DIMITRIS GEORGARAKOS, Goethe University Frankfurt
				Portfolio Composition of the Elderly, an International Comparison
1:00 pm		PRCR		DAVID PATON, Nottingham University
				DONALD SEIGEL, Rensselaer Polytechnic Institute
				LEIGHTON WILLIAMS, Nottingham Trent University
				Productivity Measurement in Gambling
1:30 pm		EFABG		FERNANDO BRONER, CREI
				JAUME VENTURA, CREI and NBER
				Globalization and Risk Sharing
1:30 pm		EFRSW		ROBERT SHIMER, University of Chicago and NBER
				Mismatch and Mobility
1:50 pm		EFEL		PAUL WILLEN, University of Chicago
				FELIX KUBLER, Stanford University
				Collateralized Borrowing and Life-Cycle Portfolio Choice
2:00 pm		PRCR		THEODORE CRONE, Federal Reserve Bank of Philadelphia
				LEONARD NAKAMURA, Federal Reserve Bank of Philadelphia
				RICHARD VOITH, Econsult Corporation
				Rents Have Been Rising, Not Falling, in the Postwar Period
2:40 pm		EFRSW		PHILLIP KIRCHER, University of Bonn
				Efficiency of Simultaneous Directed Search with Recall
2:55 pm		EFEL		ADRIANO RAMPINI and ANDREA EISFELDT, Northwestern University
				Leasing, Ability to Repossess and Debt Capacity
2:45 pm		EFABG		PAOLO EPIFANI, Università Bocconi
				GINO GANCIA, Universitat Pompeu Fabra
				On Globalization and the Growth of Governments
3:15 pm		PRCR		W. ERWIN DIEWERT, University of British Columbia and NBER
				On Measuring Inventory Change in Current and Constant Dollars
3:30 pm		EFRSW		BOYAN JOVANOVIC, New York University and NBER
				BALAZS SZENTES, University of Chicago
				An Estimated Model of the Market for Venture Capital
3:45 pm		EFEL		VIRAL ACHARYA, London Business School
				HEITOR ALMEIDA, New York University and NBER
				MURILLO CAMPELLO, University of Illinois at Urbana-Champaign and NBER
				Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies
4:00 pm		EFABG		XAVIER GABAIX, MIT and NBER
				AUGUSTIN LANDIER, New York University
				Why Has CEO Pay Increased So Much?
4:40 pm		EFRSW		ALEKSANDER BERENTSEN, Universität Basel
				GUIDO MENZIO, Northwestern University
				RANDALL WRIGHT, University of Pennsylvania and NBER
				Inflation and Unemployment: Lagos-Wright meets Mortensen-Pissarides
WEDNESDAY, JULY 19:
8:45 am		PRCR		ROBERT INKLAAR, MARCEL TIMMER and BART VAN ARK,
				University of Groningen
				Mind the Gap! International Comparisons of Productivity in Services and Goods Production
9:00 am		EFABG		MICHELE BOLDRIN, University of Minnesota
				JESÚS FERNÁNDEZ-VILLAVERDE, University of Pennsylvania and NBER
				A Theory of Growth Cycles
9:00 am		EFACR		YANN ALGAN, PSE
				XAVIER RAGOT, PSE
				Monetary Policy with Heterogeneous Agents and Credit Constraints
9:00 am		EFCE		RANDALL WRIGHT, University of Pennsylvania and NBER
				RAFAEL SILVEIRA, University of Pennsylvania
				Liquidity and the Market for Ideas
10:00 am		PRCR		CAROL CORRADO, Federal Reserve Board
				PAUL LENGERMANN, Federal Reserve Board
				ERIC BARTELSMAN, Free University of Amsterdam
				J. JOSEPH BEAULIEU, Brevan Howard, Inc.
				Modeling Aggregate Productivity at a Disaggregate Level: New Results for U.S. Sectors and Industries
10:15 am		EFABG		MIKLOS KOREN, Federal Reserve Bank of New York
				SILVANA TENREYRO, London School of Economics
				Technological Diversification
10:15 am		EFACR		MANUELA ANGELUCCI, University of Arizona
				GIACOMO DE GIORGI, University College London
				Indirect Effects of an Aid Program: The Case of Progresa and Consumption
10:15 am		EFCE		VALERIE RAMEY, UC, San Diego and NBER
				Identification of Fiscal Spending Shocks
11:15 am		PRCR		CHARLES HULTEN, University of Maryland and NBER
				ANDERS ISAKSSON, UNIDO
				Why Income Levels Differ: The Sources of Differential Economic Growth in a Panel of High and Low Income Countries
11:30 am		EFABG		FRANCESCO CASELLI, London School of Economics and NBER
				JAMES FEYRER, Dartmouth College
				The Marginal Product of Capital
11:30 am		EFACR		NEZIH GUNER, REMZI KAYGUSUZ and GUSTAVO VENTURA,
				Pennsylvania State University
				Taxation, Aggregates and the Household
11:30 am		EFCE		BOYAN JOVANOVIC, New York University and NBER
				Investment Options and the Business Cycle
12:40 pm		EFRSW		STEVE DAVIS, University of Chicago and NBER
				JOHN HALTIWANGER, University of Maryland and NBER
				RON JARMIN, and JAVIER MIRANDA, Bureau of the Census
				Volatility and Dispersion in Business Growth Rates: Publicly Traded vs Privately Held Firms
1:00 pm		EFEL		GUIDO LORENZONI, MIT and NBER
				KARL WALENTIN, New York University
				Financial Frictions, Investment, and Tobin's Q
1:15 pm		PRCR		BAOLINE CHEN, Bureau of Economic Analysis
				Estimation of Structural Distribution of Statistical Discrepancy in the US National Accounts
1:30 pm		EFABG		DANIEL CHEN, University of Chicago
				JO LIND, University of Oslo
				The Political Economy of Beliefs: Why Fiscal and Social Conservatives and Liberals Come Hand-in-Hand
1:30 pm		EFRSW		RAQUEL FERNANDEZ, New York University and NBER
				ALESSANDRA FOGLI, New York University
				The Evolution of Preferences and Women’s Work: A Quantitative Evaluation of the Role of Culture
1:50 pm		EFEL		THOMAS PHILIPPON, New York University and NBER
				The Y-Theory of Investment
2:30 pm		PRCR		CINDY ZOGHI, Bureau of Labor Statistics
				Changes to the BLS Labor Composition Index
2:40 pm		EFRSW		CHRISTOPHER HOUSE, University of Michigan and NBER
				JOHN LAITNER and DMITRIY STOLYAROV, University of Michigan
				Valuing Lost Home Production of Dual Career Couples
2:45 pm		EFABG		BENJAMIN OLKEN, Harvard University and NBER
				Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages