NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2003

 

Macroeconomics and Productivity

 

Susanto Basu and Ernst R. Berndt, Organizers

 

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

 

July 24, 2003

 

PRELIMINARY PROGRAM

 

WEDNESDAY, JULY 23:

 

 

 6:00 PM

Clambake, Harvard Faculty Club, 20 Quincy Street, Cambridge, MA

 

 

THURSDAY, JULY 24:

 

 

 8:30 AM

Coffee and Pastries

 

 

9:00 AM

LEONARD NAKAMURA, Federal Reserve Bank of Philadelphia

 

The Rise in Gross Private Investment in Intangible Assets Since 1978

 

 

 

Discussant: JOHN FERNALD, Federal Reserve Bank of Chicago

 

 

10:00 AM

Break

 

 

10:15 AM

JAMES A. KAHN and ROBERT RICH, Federal Reserve Bank of New York

 

Do Business Cycles Really Have Permanent Effects?: 

 

Using Growth Theory to Distinguish Trends from Cycles

 

 

 

Discussant: MATTHEW SHAPIRO, University of Michigan and NBER

 

 

11:15 AM

Break

 

 

11:30 AM

LOREN BRANDT, University of Toronto

 

SUSAN CHUN ZHU, Michigan State University

 

Technology Adoption and Absorption:  The Case of China

 

 

 

Discussant: BART HOBIJN, Federal Reserve Bank of New York

 

 

12:30 PM

Lunch

 

 

 1:30 PM

DARON ACEMOGLU, MIT and NBER

 

JOSHUA LINN, MIT

 

Market Size in Innovation:

 

Theory and Evidence from the Pharmaceutical Industry

 

 

 

Discussant: ERNST R. BERNDT, MIT and NBER

 

 

 2:30 PM

Break

 

 

 2:45 PM

FRANCESCO CASELLI, Harvard University and NBER

 

DANIEL WILSON, Federal Reserve Bank of San Francisco

 

Importing Technology

 

 

 

Discussant: DARON ACEMOGLU, MIT and NBER

 

 

 3:45 PM

Break

 

 

 4:00 PM

CHANG-TAI HSIEH, Princeton University and NBER

 

PETER J. KLENOW, Federal Reserve Bank of Minneapolis

 

Relative Prices and Relative Prosperity

 

 

 

Discussant: SILVANA TENREYRO, Federal Reserve Bank of Boston

 

 

5:00 PM

Adjourn

 

 

 

 

6/10/03