NATIONAL BUREAU OF ECONOMIC
RESEARCH, INC.
SUMMER INSTITUTE 2003
Lawrence
Christiano and Martin Eichenbaum, Organizers
Royal Sonesta Hotel
5 Cambridge Parkway
Cambridge, Massachusetts
July 21 - 25, 2003
PRELIMINARY PROGRAM
MONDAY,
JULY 21:
8:30 AM Coffee
and Pastries
9:00 AM BOYAN
JOVANOVIC, New York University and NBER
10:00 AM Break
10:15 AM GAREY RAMEY, UC, San
Diego
Financial
Intermediation in a Restructuring Economy
11:15 AM Break
11:30 AM CHRISTIAN HELLWIG, UC, Los Angeles
Public Announcements,
Adjustment Delays and the Business Cycle
12:30 PM Lunch and Adjourn
TUESDAY,
JULY 22:
8:30 AM Coffee and
Pastries
9:00 AM DIEGO COMIN,
New York University
MARK GERTLER, New York
University and NBER
10:00 AM Break
10:15 AM FABIO NATALUCCI, ANDREW LEVIN and EGON ZAKRAJSEK, Federal Reserve Board
Evaluating the Non-Linearity of the
Financial Accelerator
11:15 AM Break
11:30 AM GAUTI EGGERTSSON, International Monetary Fund
MIKE WOODFORD, Princeton
University and NBER
The Zero Bound on
Interest Rates and Optimal Monetary Policy
12:30 PM Lunch and Adjourn
WEDNESDAY,
JULY 23:
8:30 AM Coffee and
Pastries
9:00 AM JESUS
VILLAVERDE, University of Pennsylvania
ALEH TSYVINSKI,
University of Minnesota
Optimal Fiscal Policy
in a Business Cycle Model without Commitment
10:00 AM Break
10:15 AM STEFANIA ALBANESI, Duke University
CHRIS SLEET, University
of Iowa
Dynamic Optimal Taxation with
Private Infomation
11:15 AM Break
11:30 AM S. BORAGAN ARUOBA, University of Pennsylvania
CHRISTOPHER WALLER,
University of Kentucky
RANDY WRIGHT, University
of Pennsylvania and NBER
Search, Money and
Capital
12:30 PM Lunch and Adjourn
6:00 PM Clambake, Harvard Faculty Club, 20
Quincy Street, Cambridge, MA
THURSDAY,
JULY 24:
8:30 AM Coffee and
Pastries
9:00 AM JORDI GALI,
CREI and NBER
D. LÓPEZ-SALIDO and
JAVIER VALLÉS, Bank of Spain
Rule-of-Thumb
Consumers and the Design of Interest Rate Rules
10:00 AM Break
10:15 AM CHRIS EDMOND, UC, Los Angeles
LEE OHANIAN, UC, Los
Angeles and NBER
To Be Announced
11:15 AM Break
11:30 AM MICHELE ALEXOPOULOS, University of Toronto
Efficiency Wages and Inter-Industry Wage Differentials
12:30 PM Lunch and Adjourn
FRIDAY,
JULY 25:
8:30 AM Coffee
and Pastries
9:00 AM SUSANTO
BASU and MILES KIMBALL, University of Michigan and NBER
Investment Planning
Costs and the Effects of Fiscal and Monetary Policy
10:00 AM Break
10:15 AM THOMAS PHILIPPON, New York University
Corporate Governance over the Business Cycle
11:15 AM Break
11:30 AM R. ANTON BRAUN, University of Tokyo
ETSURO SHIOJI, Yokohama
National University
Aggregate Risk in Japanese Equity Markets
12:30 PM Lunch and Adjourn