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NATIONAL BUREAU OF ECONOMIC RESEARCH

 

Twenty-Seventh Annual Conference on Macroeconomics

 

Daron Acemoglu, Jonathan Parker and Michael Woodford, Organizers

 

April 20 - 21, 2012

 

The Royal Sonesta Hotel

Riverfront Room

40 Edwin H. Land Blvd.

Cambridge, MA

 

PROGRAM

 

Friday, April 20:

 

 

8:30 am

Continental Breakfast

 

 

9:00 am

Tobias Adrian Federal Reserve Bank of New York

Paolo Colla, Universita Bocconi

Hyun Song Shin, Princeton University and NBER

 

Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9     (appendix)

 

 

 

Discussants: Mark Gertler, New York University and NBER

 

                      Arvind Krishnamurthy, Northwestern University and NBER

 

 

10:30 am

Break

 

11:00 am

Timothy Besley, London School of Economics

Neil Meads, Bank of England

Paolo Surico, London Business School

 

Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market

 

 

 

Discussants:  José-Luis Peydró, Universitat Pompeu Fabra

 

                      Bernard Salanié, Columbia University

 

 

12:30 pm

Lunch – Somerset Room

 

2:00 pm

Raj Chetty, Harvard University and NBER

Adam Guren, Harvard University

Day Manoli, University of California at Los Angeles and NBER

Andrea Weber, University of Mannheim

 

Does Indivisible Labor Explain The Difference Between Micro And Macro Elasticities? A Meta-Analysis Of Extensive Margin Elasticities

 

 

 

Discussants: Orazio Attanasio, University College London and NBER

 

                      Robert Shimer, University of Chicago and NBER

 

 

 

4:00 pm

Sylvain Leduc and Daniel Wilson, Federal Reserve Bank of San Francisco

 

Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment

 

 

 

Discussants:  Francesco Giavazzi  Universita' Bocconi and IGIER

 

                      Valerie Ramey, University of California, San Diego and NBER

 

 

5:30 pm

Adjourn

 

6:00 pm

Group Dinner – Royal Sonesta Hotel - Skyline Rooms CDE

 

Dinner Speaker – Paul Krugman, Princeton University and NBER

 

 

Saturday, April 21:

 

8:30 am

Continental Breakfast

 

 

9:00 am

Etienne Gagnon, Federal Reserve Board

David López-Salido, Federal Reserve Board

Nicolas Vincent, HEC - Montréal

 

Individual Price Adjustment along the Extensive Margin

 

 

 

Discussants: Gita Gopinath, Harvard University and NBER

 

                      Anil Kashyap, University of Chicago and NBER

 

 

10:30 am

Break

 

11:00 am

Mark Bils, University of Rochester and NBER

Peter J. Klenow, Stanford University and NBER

Benjamin A. Malin, Federal Reserve Board

 

Testing for Keynesian Labor Demand

 

 

 

Discussants: Ricardo Reis, Columbia University and NBER

 

 

Julio Rotemberg, Harvard University and NBER

 

 

12:30 pm

Adjourn