NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2001

Impulses and Propagation Mechanisms

Lawrence Christiano and Martin Eichenbaum, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 23 - 27, 2001

PRELIMINARY PROGRAM



MONDAY, JULY 23:



8:30 AM Coffee and Doughnuts



9:00 AM BENJAMIN EDEN, University of Haifa

Money, Credit and Inventories in a Sequential Trading Model



10:00 AM Break



10:15 AM BOYAN JOVANOVIC , New York University and NBER

PETER L. ROUSSEAU, Vanderbilt University and NBER

Liquidity Effects in the Bond Markets



11:15 AM Break



11:30 AM GADI BARLEVY, Northwestern University

On the Timing of Reallocation in Schumpeterian Models of Growth



12:30 PM Lunch and Adjourn



TUESDAY, JULY 24:



8:00 AM Coffee and Doughnuts



8:30 AM AUBHIK KHAN, Federal Reserve Bank of Philadelphia

ROBERT KING, Boston University and NBER

ALEXANDER WOLMAN, Federal Reserve Bank of Richmond

Research on Discretionary Monetary Policy



9:30 AM MARCO BASSETTO, University of Minnesota

Equilibrium and Government Commitment



10:30 AM Break



10:45 AM PER KRUSELL, University of Rochester

PAUL KLEIN, Institute for International Economic Studies

JOSE VICTOR RIOS-RULL, University of Pennsylvania and NBER

Time-Consistent Policy



SI01 EFCE program

page two



11:45 AM Break



12:00 AM JESS BENHABIB, New York University

STEFANIE SCHMITT-GROHE, Rutgers University

MARTIN URIBE, University of Pennsylvania

Chaotic Interest Rate Rules



1:00 PM Lunch and Adjourn

WEDNESDAY, JULY 25:



8:30 AM Coffee and Doughnuts



9:00 AM WILLIAM DUPOR, University of Pennsylvania

ANDREAS LEHNERT, Federal Reserve System

Increasing Returns, and Optimal Oscillating Labor Supply



10:00 AM Break



10:15 AM WOUTER DEN HAAN, UC, San Diego and NBER

GAREY RAMEY, UC, San Diego

CHRISTIAN HAEFKE, Universitat Pompeu Fabra

Shocks and Institutions in a Job Matching Model



11:15 AM Break



11:30 AM JORDI GALI, CREI- Universitat Pompeu Fabra and NBER

MARK GERTLER, New York University

J. DAVID LOPEZ-SALIDO, Bank of Spain

Markups, Gaps and Economic Fluctuations



12:30 PM Lunch and Adjourn



6:00 PM Clambake

Harvard Faculty Club

20 Quincy Street

Cambridge, MA



THURSDAY, JULY 26:



8:30 AM Coffee and Doughnuts



9:00 AM CHRISTOPHER SLEET, University of Iowa

SEVIN YELTEKIN, Northwestern University

Monetary Policy with Private Government Preferences:

U Turn if you Want to



10:00 AM Break



10:15 AM CHARLES CARLSTROM, Federal Reserve Bank of Cleveland

TIM FUERST, Bowling Green State University

Learning and the Central Bank



SI01 EFCE program

page three



11:15 AM Break



11:30 AM CHRIS ERCEG, and ANDY LEVIN, Federal Reserve System

Which Inflation Measure Should the Authorities Target in an Open Economy?



12:30 PM Lunch and NBER



FRIDAY, JULY 27:



8:30 AM Coffee and Doughnuts



9:00 AM ALEX MONGE, Northwestern University

Human Capital and the Volume and Composition of Foreign Direct Investment



10:00 AM Break



10:15 AM JEFFREY CAMPBELL, University of Chicago

Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries on the U.S.-Canada Border



11:15 AM RAVI BANSAL, Duke University

AMIR YARON, University of Pennsylvania and NBER

Growth Rate Dynamics and the Costs of Economic Fluctuations and

Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles



12:15 PM Lunch and Adjourn



6/27/01