Economic Fluctuations and Growth Meeting

The NBER's Program on Economic Fluctuations and Growth met in Cambridge on July 11. Research associates Giovanni Violante of New York University and Iván Werning of MIT organized the meeting. These papers were discussed:

• Charles I. Jones, Stanford University and NBER, and Jihee Kim, Korea Advanced Institute of Science and Technology, "A Schumpeterian Model of Top Income Inequality" (NBER Working Paper No. 20637)
• Gita Gopinath, Harvard University and NBER; Şebnem Kalemli-Özcan, University of Maryland and NBER; Loukas Karabarbounis, University of Chicago and NBER; and Carolina Villegas-Sanchez, Universitat Ramon Llull, "Capital Allocation and Productivity in South Europe" (NBER Working Paper No. 21453)
• Gary B. Gorton, Yale University and NBER, and Guillermo Ordoñez, University of Pennsylvania and NBER, "Good Booms, Bad Booms"
• Xavier Giroud, MIT and NBER, and Holger Mueller, New York University and NBER, "Firm Leverage and Unemployment during the Great Recession" (NBER Working Paper No. 21076)
• Marcus Hagedorn, University of Oslo, and Jessie Handbury and Iourii Manovskii, University of Pennsylvania and NBER, "Demand Stimulus, Inflation, and Marginal Costs: Empirical Evidence"
• Martin Beraja and Juan Ospina, University of Chicago, and Erik Hurst, University of Chicago and NBER, "The Aggregate Implications of Regional Business Cycles"