PROGRAM

Detailed List of Sessions

 

Session: Development and Misallocation
November 1, 2019 13:00 to 14:30

Ernst Bessey Hall 112

 

The Role of Adjustment Costs and Distortions in Misallocation; What Can We Learn from the Exit Margin?

By Yaser Sattari; Simon Fraser University

presented by: Yaser Sattari, Simon Fraser University

 

Mobility Frictions and Misallocation: An Analysis of China's Land Tenure System

By Tasso Adamopoulos; York University
Loren Brandt; University of Toronto
Chaoran Chen; York University
Diego Restuccia; University of Toronto

presented by: Chaoran Chen, York University

The Capital Matthew Effect

By Dan Su; University of Minnesota

presented by: Dan Su, University of Minnesota

Session: Exchange Rates
November 1, 2019 13:00 to 14:30

Engineering Building 1300

 

Optimal Monetary Policy under Dollar Pricing

By Konstantin Egorov; New Economic School
Dmitry Mukhin; University of Wisconsin-Madison

presented by: Konstantin Egorov, New Economic School

International Spillovers and the Exchange Rate Channel of Monetary Policy

By Vito Cormun; Boston College
Pierre De Leo; University of Maryland

presented by: Pierre De Leo, University of Maryland

Inflation and Exchange Rate Pass-Through

By Jongrim Ha; World Bank
Marc Stocker; World Bank
Hakan Yilmazkuday; Florida International University

presented by: Hakan Yilmazkuday, Florida International University

Session: Growth Empirics
November 1, 2019 13:00 to 14:30

Eppley Center 109

Data in Growth Model

By Danxia Xie; Tsinghua University
Longtian Zhang; Tsinghua University
Ke Tang; Tsinghua University
Zhen Sun; Tsinghua University

presented by: Longtian Zhang, Tsinghua University

 

Industrial Policy in an Innovation-based Growth Model: Theory and Data

By Huong Dang; George Washington University
Roberto Samaniego; George Washington University

presented by: Huong Dang, George Washington University

Inequality, Openness, and Growth through Creative Destruction

By Adrian Jaeggi; University of St.Gallen
Ulrich Schetter; Harvard University
Maik Schneider; University of Bath

presented by: Ulrich Schetter, Harvard University

 

Session: Inequality
November 1, 2019 13:00 to 14:30

Ernst Bessey Hall 313

 

Finance and Inequality: A Tale of Two Tails

By Alexander Ludwig; Research Center SAFE, Goethe University
Alexander Monge-Naranjo; Federal Reserve Bank of St. Louis
Ctirad Slavik; CERGE-EI
Faisal Sohail; University of Melbourne

presented by: Ctirad Slavik, CERGE-EI

Migrant Labor and Remittances: Macroeconomic Consequences and Policy Responses

By Sokchea Lim; John Carroll University
AKM Morshed; Southern Illinois University Carbondale
Stephen Turnovsky; University of Washington

presented by: AKM Morshed, Southern Illinois University Carbondale

 

Public Debt, Redistribution, and Growth

By Axelle Ferriere; PSE
Philipp Gruebener; European University Institute
Dominik Sachs; LMU Munich

presented by: Philipp Gruebener, European University Institute

 

Session: Macroeconomic Uncertainty
November 1, 2019 13:00 to 14:30

Ernst Bessey Hall 310

Fiscal Policy and Uncertainty

By Jonathan Wolff; Miami University
Samuel Jerow; Federal Reserve Board

presented by: Jonathan Wolff, Miami University

Surveying the survey. What can we learn about the effect of monetary policy on inflation expectations?

By Michael Pedersen; Central Bank of Chile

presented by: Michael Pedersen, Central Bank of Chile

Uncertainty and Expectation Formation over the Business Cycles: Evidence from Japan and the Globe

By Cheng Chen; Clemson University
Tatsuro Senga; Queen Mary University of London
Chang Sun; The University of Hong Kong
Hongyong Zhang; RIETI

presented by: Cheng Chen, Clemson University

 

Session: Markets and Products
November 1, 2019 13:00 to 14:30

Ernst Bessey Hall 316

Value v.s. Profit Limit Price: Implication for the Reallocation Effect in Lentz and Mortensen (2008)

By Hugo Hopenhayn; University of California Los Angeles
Koki Oikawa; Waseda University

presented by: Koki Oikawa, Waseda University

 

Efficient Reallocation and Productivity during Commodity Price Cycles

By Rodrigo Heresi; University of Maryland

presented by: Rodrigo Heresi, University of Maryland

 

Spillovers and Redistribution through Intra-Firm Networks: The Product Replacement Channel

By Jay Hyun; Columbia University
Ryan Kim; Johns Hopkins University

presented by: Jay Hyun, Columbia University

 

Session: Monetary Policy 1
November 1, 2019 13:00 to 14:30

Engineering Building 1230

Pricing-to-Market, Imperfect Financial Integration, and Optimal Monetary Policy

By Wontae Han; The Chinese University of Hong Kong, Shenzhen

presented by: Wontae Han, The Chinese University of Hong Kong, Shenzhen

 

Unconventional Monetary Policy, (A)Synchronicity and the Yield Curve

By Karlye Dilts Stedman; Federal Reserve Bank of Kansas City

presented by: Karlye Dilts Stedman, Federal Reserve Bank of Kansas City

Mind the gap! - A monetarist view of the open-economy Phillips curve

By Ayse Kabukcuoglu; North Carolina State University
Enrique Martinez-Garcia; Federal Reserve Bank of Dallas

presented by: Ayse Kabukcuoglu, North Carolina State University

 

Session: Money and Monetary Policy
November 1, 2019 13:00 to 14:30

Engineering Building 2245

 

Efficient Demonetization

By Shiv Dixit; University of Minnesota

presented by: Shiv Dixit, University of Minnesota

 

Interest on Reserves, Banking Contracts and Monetary Policy

By Jaevin Park; The University of Mississippi

presented by: Jaevin Park, The University of Mississippi

Testing Superneutrality when Money Growth is Endogenous: Implications for New-Keynesian Models

By John Keating; University of Kansas
Victor Valcarcel; University of Texas at Dallas

presented by: John Keating, University of Kansas

 

Session: Plenary Talk 1: Emmanuel Farhi (Harvard University)
November 1, 2019 15:00 to 16:00

Ernst Bessey Hall 108

Session: Bank Regulation and Macroprudential Policies
November 1, 2019 16:45 to 18:15

Business College Complex N106

Looking outside the banking sector: The impact of macroprudential policies on shadow-banking activities

By Xianglong Liu; University of Melbourne

presented by: Xianglong Liu, University of Melbourne

Bank Heterogeneity and Size-Based Capital Requirements

By Jordan Pandolfo; University of Minnesota

presented by: Jordan Pandolfo, University of Minnesota

The Impact of the Dodd-Frank Act on Small U.S. Banks

By Kuan Liu; University of Wisconsin-Madison

presented by: Kuan Liu, University of Wisconsin-Madison

 

Session: Emerging Economies
November 1, 2019 16:45 to 18:15

Business College Complex Pavilion M036

Commodity Cycles and Financial Instability in Emerging Economies

By Mikhail Andreyev; Bank of Russia
Udara Peiris; NRU Higher School of Economics
Aleksandr Shirobokov; NRU Higher School of Economics
Dimitrios Tsomocos; University of Oxford

presented by: Udara Peiris, NRU Higher School of Economics

Liquidity Constraints and MPCs in an Emerging Economy: An Empirical Investigation

By Seungki Hong; Columbia University

presented by: Seungki Hong, Columbia University

 

House Prices, Frictions, and Consumption Volatility

By Wonmun Shin; Columbia University

presented by: Wonmun Shin, Columbia University

Mortgage Spreads, House Prices, and Business Cycles in Emerging Countries

By Jaroslav Horvath; University of New Hampshire
Philip Rothman; East Carolina University

presented by: Jaroslav Horvath, University of New Hampshire

 

Session: Growth and Trade
November 1, 2019 16:45 to 18:15

Business College Complex Pavilion M010

Specialization, Market Access and Medium-Term Growth

By Dominick Bartelme; University of Michigan
Ting Lan; University of Michigan
Andrei Levchenko; University of Michigan

presented by: Dominick Bartelme, University of Michigan

 

Trade Wars, Technology and Productivity

By Ching-mu Chen; Zhongnan University of Economics and Law
Wan-Jung Cheng; Academia Sinica
Shin-Kun Peng; Academia Sinica
Raymond Riezman; Aarhus University
Ping Wang; Washington University in St. Louis

presented by: Ping Wang, Washington University in St. Louis

When local knowledge is too local: financial development and firm export

By Raoul Minetti; Michigan State University
Pierluigi Murro; LUISS University
Nick Rowe; Michigan State University

presented by: Nick Rowe, Michigan State University

 

Session: Housing
November 1, 2019 16:45 to 18:15

Business College Complex N103

Regulation and Trade in the Secondary Mortgage Market

By Salomon Garcia; University of Minnesota

presented by: Salomon Garcia, University of Minnesota

Aggregate and Distributional Impacts of Housing Policy: China's Experiment

By Kaiji Chen; Emory University
Qing Wang; SWUFE
Tong Xu; SWUFE
Tao Zha; Emory University

presented by: Tong Xu, SWUFE

Rural-Urban Migration, Structural Transformation, and Housing Markets in China

By Aaron Hedlund; University of Missouri

presented by: Aaron Hedlund, University of Missouri

 

Session: International Capital Flows
November 1, 2019 16:45 to 18:15

Business College Complex Pavilion M210

Bought, Sold and Bought Again: The Impact of Complex Value Chains on Export Elasticities

By Francois de Soyres; World Bank
Erik Frohm; Sveriges Riksbank
Vanessa Gunnella; European Central Bank
Elena Pavlova; European Commission

presented by: Francois de Soyres, World Bank

 

Foreign Direct Investment as a Determinant of Cross-Country Stock Market Comovement

By Alexis Anagnostopoulos; Stony Brook University
Orhan Erem Atesagaoglu; Istanbul Bilgi University
Elisa Faraglia; Cambridge University
Chryssi Giannitsarou; University of Cambridge

presented by: Alexis Anagnostopoulos, Stony Brook University

Implications of Slow Moving Capital for International Portfolio Choices

By Annie Soyean Lee; UW-Madison

presented by: Annie Soyean Lee, UW-Madison

Currency Manipulation in a Model of Money, Banking, and Trade

By Caroline Betts; USC

presented by: Caroline Betts, USC

 

Session: Labor and Business Cycles
November 1, 2019 16:45 to 18:15

Business College Complex N021

Labor Market Sorting over the Business Cycle

By Hyejin Park; University of Chicago

presented by: Hyejin Park, University of Chicago

 

Duration Dependence and Business Cycles

By Ismail Baydur; Singapore Management University
Jianhuan Xu; Singapore Management Universit

presented by: Ismail Baydur, Singapore Management University

Asymmetric Business Cycles in Segmented Labour Markets

By Srinivasan Murali; Indian Institute of Management, Bangalore
Jong Kook Shin; Newcastle University
Chetan Subramanian; IIM Bangalore

presented by: Chetan Subramanian, IIM Bangalore

 

Session: Mobility and Inequality
November 1, 2019 16:45 to 18:15

Business College Complex N124

 

A Three-Factor Model of the Earnings Distribution

By Byoungchan Lee; Hong Kong University of Science and Technology

presented by: Byoungchan Lee, Hong Kong University of Science and Technology

Costly Commuting and the Job Ladder

By Jean Flemming; Board of Governors of the Federal Reserve System

presented by: Jean Flemming, Board of Governors of the Federal Reserve System

Skilled Tradable Services: The Transformation of U.S. High-Skill Labor Markets

By Fabian Eckert; Yale University
Sharat Ganapati; Georgetown University
Conor Walsh; Yale University

presented by: Fabian Eckert, Yale University

 

Session: Taxation
November 1, 2019 16:45 to 18:15

Business College Complex N125

The Fiscal State-Dependent Effects of Capital Income Tax Cuts

By Wenyi Shen; Oklahoma State University
Shu-Chun Yang; International Monetary Fund; National Sun Yat-Sen University

presented by: Wenyi Shen, Oklahoma State University

Austerity Measures: Do they avert solvency crises?

By Christos Shiamptanis; Wilfrid Laurier University

presented by: Christos Shiamptanis, Wilfrid Laurier University

 

Optimal Taxation Under Capital-Skill Complementarity

By Ozlem Kina; European University Institute
Ctirad Slavik; CERGE-EI
Hakki Yazici; Sabanci University

presented by: Ozlem Kina, European University Institute

Tax Smoothing under Balanced Budget Rules in the U.S.

By Eva de Francisco; Bureau of Economic Analysis

presented by: Eva de Francisco, Bureau of Economic Analysis

 

Session: Credit 1
November 2, 2019 8:00 to 9:30

Business College Complex Pavilion M2422

Credit Boom, Debt Overhang, and Aggregate Productivity Trap

By Sichuang Xu; HKUST

presented by: Sichuang Xu, Chinese University of Hong Kong (Shenzhen)

On the cost of financial intermediation

By Gang Zhang; Cheung Kong Graduate School of Business

presented by: Gang Zhang, Cheung Kong Graduate School of Business

 

Sectoral Price Dynamics during the Asian Financial Crisis: The Role of Financial Constraints

By Junhyong Kim; University of Wisconsin-Madison
Annie Soyean Lee; UW-Madison

presented by: Junhyong Kim, University of Wisconsin-Madison

 

Credit Supply Driven Boom-Bust Cycles

By Yavuz Arslan; Bank for International Settlements
Bulent Guler; Indiana University Bloomington
Burhanettin Kuruscu; University of Toronto

presented by: Bulent Guler, Indiana University Bloomington

Session: Export, Trade, and Allocation
November 2, 2019 8:00 to 9:30

Business College Complex N022

Capital-Reallocation Frictions and Trade Shocks

By Andrea Lanteri; Duke University
Pamela Medina; University of Toronto
Eugene Tan; University of Toronto

presented by: Eugene Tan, University of Toronto

 

Input-Output Linkages and Sectoral Volatility

By Michael Olabisi; Michigan State University

presented by: Michael Olabisi, Michigan State University

 

Internal Geography and the Effect of Imports on Non-Homothetic Consumption Patterns within the U.S.

By Volodymyr Lugovskyy; Indiana University

presented by: Volodymyr Lugovskyy, Indiana University

Session: Financial Fragility
November 2, 2019 8:00 to 9:30

Business College Complex N106

Back to the Real Economy: The Effects of Risk Perception Shocks on the Term Premium and Bank Lending

By Julieta Yung; Bates College
Kristina Bluwstein; Bank of England

presented by: Julieta Yung, Bates College

Banking Competition, Fragility, and the Incentive Effects of Bailout Policy

By Jiahong Gao; University of Alabama

presented by: Jiahong Gao, University of Alabama

Macroeconomic transmission of a financial fire sale: A story of aggregate demand

By Nicolas Maeder; Vanderbilt University

presented by: Nicolas Maeder, Vanderbilt University

 

Session: Firm Productivity and Growth
November 2, 2019 8:00 to 9:30

Business College Complex N124

Sequential Movement Pattern of Firm Births and Deaths at the State Level

By Mi Luo; Emory University
Can Tian; University of North Carolina
Gang Zhang; Cheung Kong Graduate School of Business

presented by: Mi Luo, Emory University

Compositional Nature of Firm Growth and Aggregate Fluctuations

By Vladimir Smirnyagin; University of Minnesota

presented by: Vladimir Smirnyagin, University of Minnesota

 

International Trade, Lobbying and Endogenous Misallocation

By Jaedo Choi; University of Michigan

presented by: Jaedo Choi, University of Michigan

 

Session: Fiscal Policy 1
November 2, 2019 8:00 to 9:30

Business College Complex N105

The Consequences of Policy Uncertainties on Macroeconomics and Asset Returns in The Era of Fiscal Limit

By Junjie Guo; Indiana University

presented by: Junjie Guo, Indiana University

Government Spending during Sudden Stop Crises

By Siming Liu; Shanghai University of Finance and Economics

presented by: Siming Liu, Shanghai University of Finance and Economics

Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications

By Huixin Bi; Federal Reserve Bank of Kansas City
Sarah Zubairy; Texas A&M University

presented by: Huixin Bi, Federal Reserve Bank of Kansas City

 

Session: Macroeconometrics and Forecasting
November 2, 2019 8:00 to 9:30

Business College Complex N102

 

Bayesian Inference of Threshold Vector Autoregressive Models

By Gabriel Bruneau; Bank of Canada
James Chapman; Bank of Canada

presented by: Gabriel Bruneau, Bank of Canada

 

Heterogeneity and Aggregate Fluctuations

By Minsu Chang; Georgetown University

presented by: Minsu Chang, Georgetown University

The Macroeconomic Impact of Oil Industry Uncertainty: New Evidence from Millions of Financial Analyst Forecasts

By Xiaohan Ma; Texas Tech University
Roberto Samaniego; George Washington University

presented by: Xiaohan Ma, Texas Tech University

 

Session: Monetary Policy 2
November 2, 2019 8:00 to 9:30

Business College Complex N021

Monetary Policy with Judgment

By Paolo Gelain; Federal Reserve Bank of Cleveland
Simone Manganelli; European Central Bank

presented by: Paolo Gelain, Federal Reserve Bank of Cleveland

 

Monetary Policy and Inequality: How Does One Affect the Other?

By Eunseong Ma; Louisiana State University

presented by: Eunseong Ma, Louisiana State University

 

Monetary policy gradualism and the nonlinear effects of monetary shocks

By Luca Rossi; Bank of Italy
Filippo Natoli; Bank of Italy
Luca Metelli; Bank of Italy

presented by: Luca Rossi, Bank of Italy

Session: Structural Change and Growth
November 2, 2019 8:00 to 9:30

Business College Complex N103

 

Structural Change Under Home Production with Time to Consume

By William Bednar; Tepper School of Business
Nick Pretnar; Carnegie Mellon University, Tepper School of Business

presented by: Nick Pretnar, Carnegie Mellon University, Tepper School of Business

 

Structural Change, Gender Gaps and Educational Choice

By Paul Reimers; Goethe University

presented by: Paul Reimers, Goethe University

 

Rule of Law, Economic Structure and Development

By Roberto Samaniego; George Washington University
Juliana Yu Sun; Singapore Management University

presented by: Roberto Samaniego, George Washington University

 

Session: Credit Frictions
November 2, 2019 10:00 to 11:30

Business College Complex N100

Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations

By Thomas Drechsel; University of Maryland

presented by: Thomas Drechsel, University of Maryland

 

Global Macro-Financial Cycles and Spillovers

By Jongrim Ha; World Bank
M. Ayhan Kose; World Bank
Christopher Otrok; University of Missouri
Eswar Prasad; Cornell University

presented by: Jongrim Ha, World Bank

 

Bank Monitoring and Liquidity in the Business Cycles

By Qingqing Cao; Michigan State University
Marco Di Pietro; Sapienza University of Rome
Sotirios Kokas; University of Glasgow
Raoul Minetti; Michigan State University

presented by: Qingqing Cao, Michigan State University

Session: Durable Goods
November 2, 2019 10:00 to 11:30

Business College Complex N021

Financial Frictions, Durable Goods and Monetary Policy

By Ugochi Emenogu; Bank of Canada
Leo Michelis; Ryerson University

presented by: Ugochi Emenogu, Bank of Canada

 

Did Durable Goods Producing States Suffer a Greater Great Depression?

By Dong Cheng; Union College
Mario Crucini; Vanderbilt University
Hanjo Kim; Vanderbilt University

presented by: Mario Crucini, Vanderbilt University

 

Computerizing households and the role of investment-specific productivity in business cycles

By Seunghoon Na; Purdue University
Hyunseung Oh; Federal Reserve Board

presented by: Hyunseung Oh, Federal Reserve Board

Session: Firms
November 2, 2019 10:00 to 11:30

Business College Complex N106

Dispersed Information, Learning, and Firm Dynamics in a Stochastic Equilibrium

By Can Tian; University of North Carolina

presented by: Can Tian, University of North Carolina

The price theory and empirics of inventory management

By Fei Li; University of North Carolina Chapel Hill
Charles Murry; Boston College
Can Tian; University of North Carolina
Yiyi Zhou; Stony Brook University

presented by: Fei Li, University of North Carolina Chapel Hill

 

Markups and Market Power: Evidence from the National Accounts

By Benjamin Bridgman; U.S. Bureau of Economic Analysis

presented by: Benjamin Bridgman, U.S. Bureau of Economic Analysis

Session: Inflation
November 2, 2019 10:00 to 11:30

Business College Complex N022

 

The Perils of Tracking r-Star

By Saroj Bhattarai; University of Texas at Austin
Jae Won Lee; University of Virginia
Woong Yong Park; Seoul National University

presented by: Jae Won Lee, University of Virginia

Inflation Expectations and nonlinearities in the Phillips Curve

By Alexander Doser; Northwestern University
Ricardo Nunes; University of Surrey
Nikhil Rao; University of Michigan
Viacheslav Sheremirov; Federal Reserve Bank of Boston

presented by: Nikhil Rao, University of Michigan

Thinking Outside the Box: Do SPF Respondents Have Anchored Inflation Expectations?

By Carola Binder; Haverford College
Wesley Janson; Federal Reserve Bank of Cleveland
Randal Verbrugge; Federal Reserve Bank of Cleveland

presented by: Randal Verbrugge, Federal Reserve Bank of Cleveland

 

Session: International Capital Markets
November 2, 2019 10:00 to 11:30

Business College Complex N103

 

Sticky Capital Controls

By Miguel Acosta Henao; Graduate Center, CUNY
Laura Alfaro; Harvard Business School
Andres Fernandez; Inter American Development Bank

presented by: Miguel Acosta Henao, Graduate Center, CUNY

 

Risk Sharing, Asset Prices and the Terms of Trade: Effects of Capital Market Integration

By Giancarlo Corsetti; University of Cambridge
Anna Lipinska; Federal Reserve Board
Giovanni Lombardo; BIS

presented by: Anna Lipinska, Federal Reserve Board

Tolerance of Flexibility: Foreign Exchange Intervention and Managed Floating Redux

By dong lu; Renmin University of China
Hang Zhou; University of International Business and Economics

presented by: Hang Zhou, University of International Business and Economics

 

Session: Political Economy
November 2, 2019 10:00 to 11:30

Business College Complex N105

 

Partisan Politics in Fiscal Unions: Evidence from U.S. States

By Gerald Carlino; Federal Reseve Bank of Philadelphia
Thorsten Drautzburg; Federal Reserve Bank of Philadelphia
Robert Inman; Wharton School, University of Pennsylvania
Nicholas Zarra; New York University

presented by: Thorsten Drautzburg, Federal Reserve Bank of Philadelphia

Political Connections and Government Spending Allocation in the U.S.

By Joonkyu Choi; Federal Reserve Board
Veronika Penciakova; Federal Reserve Bank of Atlanta
Felipe Saffie; University of Maryland

presented by: Joonkyu Choi, Federal Reserve Board

Are State Governments Patient Stewards of the Public Purse?

By Xavier Martin Bautista; University of Houston
Steven Craig; University of Houston
Yuhsin Hsu; University of Houston
Bent Sorensen; University of Houston
Vasundhara Tanwar; University of Houston
Priyam Verma; University of Houston

presented by: Steven Craig, University of Houston

 

Session: Technological Change
November 2, 2019 10:00 to 11:30

Business College Complex N102

 

Asset Pricing Implications of Disruptive Technological Change

By John Laitner; University of Michigan
Dmitriy Stolyarov; University of Michigan

presented by: Dmitriy Stolyarov, University of Michigan

 

A Model of Entry, Exit, and Endogenous Productivity Dispersion

By Daisoon Kim; North Carolina State University
Yoonsoo Lee; Sogang University

presented by: Daisoon Kim, North Carolina State University

Growing through Spinoffs: Corporate Governance and Firm Entry

By Raoul Minetti; Michigan State University
Pierluigi Murro; LUISS University
Maurizio Iacopetta; OFCE Sciences Po and Skema Business School

presented by: Maurizio Iacopetta, OFCE Sciences Po and Skema Business School

 

Session: Plenary Talk 2: Veronica Guerrieri (University of Chicago, Booth School of Business)
November 2, 2019 12:00 to 13:00

Business College Complex N100

Session: Panel "Women in Macroeconomics"
November 2, 2019 14:00 to 15:00

Business College Complex N130

Lisa Cook (Michigan State University - Chair)
Anna Paulson (Federal Reserve Bank of Chicago)
Alessandra Fogli (Federal Reserve Bank of Minneapolis)
Ugochi Emenogu (Bank of Canada)
Anna Stansbury (Harvard)

 

 

Session: Credit 2
November 2, 2019 15:30 to 17:00

Business College Complex N022

 

Overcoming Borrowing Stigma: The Design of Lending-of-Last-Resort Policies

By Yunzhi Hu; UNC Kenan-Flagler
Hanzhe Zhang; Michigan State University

presented by: Hanzhe Zhang, Michigan State University

Asymmetric Effects of Sectoral Shifts under Low and High Uncertainty

By Kimberly Berg; Miami University
Nam Vu; Miami University

presented by: Nam Vu, Miami University

Monetary Policy and Firm Heterogeneity: The Role of Leverage Since the Financial Crisis

By Aeimit Lakdawala; Michigan State University
Timothy Moreland; Michigan State University

presented by: Timothy Moreland, Michigan State University

 

Session: Experimental Monetary Economics
November 2, 2019 15:30 to 17:00

Business College Complex N103

Playing With Money

By Peter Norman; University of North Carolina Chapel Hill

presented by: Peter Norman, University of North Carolina Chapel Hill

Inflation and Welfare in the Laboratory

By Janet Hua Jiang; Bank of Canada
Daniela Puzzello; Indiana University
Cathy Zhang; Purdue University

presented by: Cathy Zhang, Purdue University

 

The Friedman Rule in the Laboratory

By John Duffy; University of California, Irvine
Daniela Puzzello; Indiana University

presented by: Daniela Puzzello, Indiana University

 

Session: Firm and Industry Dynamics
November 2, 2019 15:30 to 17:00

Business College Complex N021

 

The Role of Nonemployers in Business Dynamism and Aggregate Productivity

By Pedro Bento; Texas A&M University
Diego Restuccia; University of Toronto

presented by: Pedro Bento, Texas A&M University

 

Strategic Innovation, Markups, and Industry Dynamics

By Laurent Cavenaile; University of Toronto
Murat Celik; University of Toronto
Xu Tian; University of Toronto

presented by: Murat Celik, University of Toronto

 

Relationship Banking and Firm Entry Dynamics

By Qingqing Cao; Michigan State University
Paolo Giordani; LUISS
Raoul Minetti; Michigan State University
Pierluigi Murro; LUISS University

presented by: Raoul Minetti, Michigan State University

 

Session: Growth and Demography
November 2, 2019 15:30 to 17:00

Business College Complex N102

Institutional Responses to Aging Populations and Economic Growth: A Panel Data Approach

By Patrick Emerson; Oregon State University
Shawn Knabb; Western Washington University
Anca-Ioana Sirbu; Western Washington University

presented by: Anca-Ioana Sirbu, Western Washington University

 

Regulatory Growth Theory

By Danxia Xie; Tsinghua University

presented by: Danxia Xie, Tsinghua University

Disappearing Routine Occupations and Declining Prime-Age Labor Force Participation

By Didem Tuzemen; Federal Reserve Bank of Kansas City

presented by: Didem Tuzemen, Federal Reserve Bank of Kansas City

Session: Prices and Wages
November 2, 2019 15:30 to 17:00

Business College Complex N106

 

Downward Nominal Wage Rigidity in the United States

By Yoon J. Jo; Texas A&M University

presented by: Yoon J. Jo, Texas A&M University

 

Using Brexit to Identify the Nature of Price Rigidities

By Adam Shapiro; Federal Reserve Bank of San Francisco

presented by: Adam Shapiro, Federal Reserve Bank of San Francisco

 

Product Revenue and Price Setting: Evidence and Aggregate Implications

By DongIk Kang
Andrew Usher; University of Michigan

presented by: Andrew Usher, University of Michigan

Session: Public Debt and Fiscal Policy
November 2, 2019 15:30 to 17:00

Business College Complex Pavilion M036

Questioning the puzzle: fiscal policy, real exchange rate and inflation

By Laurent Ferrara; Banque de France
Luca Metelli; Bank of Italy
Filippo Natoli; Bank of Italy
Daniele Siena; Banque de France

presented by: Daniele Siena, Banque de France

Optimal public debt indexation in advanced economies

By Patricia Gomez-Gonzalez; Fordham University

presented by: Patricia Gomez-Gonzalez, Fordham University

 

The Granular Origins of Sovereign Default

By Jun Hee Kwak; University of Maryland, College Park

presented by: Jun Hee Kwak, University of Maryland, College Park

 

Session: Search
November 2, 2019 15:30 to 17:00

Business College Complex N105

Search and Credit Frictions in the Housing Market

By Miroslav Gabrovski; University of Hawaii, Manoa
Victor Ortego-Marti; University of California Riverside

presented by: Miroslav Gabrovski, University of Hawaii, Manoa

 

The Impact of Referrals on Sectoral Reallocation

By Benjamin Raymond; Bureau of Labor Statistics

presented by: Benjamin Raymond, Bureau of Labor Statistics

 

Precautionary Search and Human Capital over the Business Cycle

By Benjamin Griffy; University at Albany, SUNY
Stanislav Rabinovich; University of Pennsylvania

presented by: Benjamin Griffy, University at Albany, SUNY

Session: Search and Barganining in Labor Markets
November 2, 2019 15:30 to 17:00

Business College Complex N124

Selective Bargain Hunting. A Concise Test of Rational Consumer Search

By Chloe Lee; Federal Reserve Bank of Boston
Wen Long; University of Houston
Maria Luengo-Prado; Federal Reserve Bank of Boston
Bent Sorensen; University of Houston

presented by: Bent Sorensen, University of Houston

 

Misallocation Effects of Labor Market Frictions

By Stanislav Rabinovich; University of Pennsylvania
Ronald Wolthoff; University of Toronto

presented by: Stanislav Rabinovich, University of Pennsylvania

 

Informal Caregiving, Family Power Dynamics, and Labor Market Rigidities

By Neha Bairoliya; University of Southern California

presented by: Neha Bairoliya, University of Southern California

Session: Sovereign Debt
November 2, 2019 15:30 to 17:00

Business College Complex Pavilion M010

 

Interest Rate Uncertainty and Sovereign Default Risk

By Alok Johri; McMaster University
Shahed Khan; University of Western Ontario
Cesar Sosa-Padilla; Notre Dame

presented by: Shahed Khan, University of Western Ontario

Sovereign Debt Recovery After Default: Bygones No Longer

By Xiaohan Wang; Stony Brook University

presented by: Xiaohan Wang, Stony Brook University

Co-movements and Determinants of Sovereign Credit Default Swaps

By Hasan Isomitdinov; The University of Alabama
Junsoo Lee; University of Alabama

presented by: Junsoo Lee, University of Alabama

 

Financial Development and Vulnerability to External Shocks: The Role of Sovereign Debt Composition

By Eugenia Gonzalez-Aguado; University of Minnesota

presented by: Eugenia Gonzalez-Aguado, University of Minnesota

 

Session: Capital Markets
November 3, 2019 8:00 to 9:30

Business College Complex N022

Corporate Debt Maturity and the Real Economy

By Ram Yamarthy

presented by: Ram Yamarthy,

ECB Announcements and Stock Market Volatility

By Frederik Neugebauer; WHU - Otto Beisheim School of Management

presented by: Frederik Neugebauer, WHU - Otto Beisheim School of Management

Recurrent Bubbles and Economic Growth

By Pablo Guerron-Quintana; Boston College
Tomohiro Hirano; The University of Tokyo
Ryo Jinnai; Hitotsubashi University

presented by: Ryo Jinnai, Hitotsubashi University

 

Session: Currencies, money, and finance
November 3, 2019 8:00 to 9:30

Business College Complex N125

Currency Manipulation in a Model of Money, Banking, and Trade

By Caroline Betts; USC

presented by: Caroline Betts, USC

Central Bank Digital Currency: A Corporate Finance Perspective

By Mei Dong; University of Melbourne
Xiaolin(Sylvia) Xiao; Peking University

presented by: Xiaolin(Sylvia) Xiao, Peking University

The Athey, Atkeson, and Kehoe Model with Periodic Revelation of Private Information

By Eunmi Ko; Rochester Institute of Technology
Narayana Kocherlakota; University of Rochester

presented by: Eunmi Ko, Rochester Institute of Technology

Session: Heterogeneity
November 3, 2019 8:00 to 9:30

Business College Complex N021

Identify Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation

By Xing Guo; Bank of Canada

presented by: Xing Guo, Bank of Canada

 

Heterogeneity in Individual Expectations, Optimism/Pessimism, and Constant-Gain Learning

By Stephen Cole; Marquette University
Fabio Milani; University of California, Irvine

presented by: Stephen Cole, Marquette University

 

The Demographic Composition of Cyclical Consumption Volatility

By Anson Zhou; University of Wisconsin Madison

presented by: Anson Zhou, University of Wisconsin Madison

Session: Labor Markets
November 3, 2019 8:00 to 9:30

Business College Complex N105

Technological Advancements and Labor Markets

By Hakki Ozdenoren; Carnegie Mellon University

presented by: Hakki Ozdenoren, Carnegie Mellon University

 

The Aggregate Effects of Labor Market Concentration

By Miren Azkarate-Askasua; Toulouse School of Economics
Miguel Zerecero; Toulouse School of Economics

presented by: Miren Azkarate-Askasua, Toulouse School of Economics

Comparative Advantage and Moonlighting

By Stephane Auray; CREST-Ensai
David Fuller; University of Wisconsin-Oshkosh
Guillaume Vandenbroucke; Federal Reserve Bank of Saint Louis

presented by: David Fuller, University of Wisconsin-Oshkosh

 

Session: Monetary and Fiscal Policy
November 3, 2019 8:00 to 9:30

Business College Complex N012

Distributional Response to Fiscal Stimulus

By François-Michel Boire; University of Western Ontario
Thibaut Duprey; Bank of Canada
Alexander Ueberfeldt; Bank of Canada

presented by: François-Michel Boire, University of Western Ontario

 

The strength of the Credit Channel in the US and Canada and Balance Sheet Based Bank Conditions and Financial Stability Indices

By Xiangjin Shen; Bank of Canada
Norman Swanson; Rutgers University

presented by: Xiangjin Shen, Bank of Canada

Monetary Stimulus Policy in China: the Bank Credit Channel

By Min Zhang; East China Normal University
Yahong Zhang; University of Windsor

presented by: Yahong Zhang, University of Windsor

Session: Sovereign Risk
November 3, 2019 8:00 to 9:30

Business College Complex Pavilion M010

Corporate Balance Sheets and Sovereign Risk Premia

By Steve Pak Yeung Wu; UW-Madison

presented by: Steve Pak Yeung Wu, UW-Madison

Sovereign Risk, Exchange Rate Volatility, and Economic Activity

By Nils Mattis Gornemann; Federal Reserve Board

presented by: Nils Mattis Gornemann, Federal Reserve Board

Fiscal Commitment and Sovereign Default Risk

By Siming Liu; Shanghai University of Finance and Economics
Hewei Shen; University of Oklahoma

presented by: Hewei Shen, University of Oklahoma

Session: Taxation and Welfare
November 3, 2019 8:00 to 9:30

Business College Complex N102

Tax Attitudes and Optimal Income Taxation

By Marcelo Arbex; University of Windsor
Enlinson Mattos; Fundacao Getulio Vargas

presented by: Marcelo Arbex, University of Windsor

 

Welfare and Property Transaction Taxes

By Yunho Cho; Jinan University
Shuyun Li; University of Melbourne
Lawrence Uren; University of Melbourne

presented by: Yunho Cho, Jinan University

Using Advance Layoff Notices as a Labor Market Indicator

By Pawel Krolikowski; Federal Reserve Bank of Cleveland
Kurt Lunsford; Federal Reserve Bank of Cleveland
Meifeng Yang; Federal Reserve Bank of Cleveland

presented by: Pawel Krolikowski, Federal Reserve Bank of Cleveland

Session: Business Cycle
November 3, 2019 10:00 to 11:30

Business College Complex N022

 

Synchronization of Informal and Formal Economy Business Cycles

By Shu Yu; The World Bank Group
M. Ayhan Kose; World Bank
Franziska Ohnsorge; World Bank
Ceyhun ELGIN; Boston University & Bogazici University

presented by: Shu Yu, The World Bank Group

Business Cycles with Oligopsonistic Competition in Labor Markets

By Sami Alpanda; University of Central Florida

presented by: Sami Alpanda, University of Central Florida

Leveraged housing and job dynamics during the Great Recession

By Joaquin Garcia-Cabo; Federal Reserve Board
Eva De Francisco; Bureau of Economic Analysis

presented by: Joaquin Garcia-Cabo, Federal Reserve Board

 

Session: Fiscal Policy 2
November 3, 2019 10:00 to 11:30

Business College Complex N021

Fiscal Stimulus and Inflation Expectations in a Policy Constrained Environment

By Ruoyun Mao; Indiana University
Shu-Chun Yang; International Monetary Fund; National Sun Yat-Sen University

presented by: Ruoyun Mao, Indiana University

 

Fiscal Expansions in Secular Stagnation: What if it isn't Secular?

By Vaishali Garga; Federal Reserve Bank of Boston

presented by: Vaishali Garga, Federal Reserve Bank of Boston

Health Inequality: Role of Insurance and Technological Progress

By Siddhartha Sanghi; Washington University in St. Louis

presented by: Siddhartha Sanghi, Washington University in St. Louis

Session: Inequality and Welfare State
November 3, 2019 10:00 to 11:30

Business College Complex N102

Rethinking the Welfare State

By Nezih Guner; CEMFI
Remzi Kaygusuz; Sabanci University
Gustavo Ventura; Arizona State University

presented by: Remzi Kaygusuz, Sabanci University

 

Observed and Unobserved Sources of Wealth Inequality

By Heejeong Kim; Concordia University

presented by: Heejeong Kim, Concordia University

The Economics of Shotgun Marriage

By Egor Kozlov; Northwestern Universtiy

presented by: Egor Kozlov, Northwestern Universtiy

Session: Liquidity and Collateral
November 3, 2019 10:00 to 11:30

Business College Complex N124

 

Inflation, Interest Rates, Stock Returns and Velocity of Money in a Model of Precautionary Money Demand

By Sergio Salas; Pontifical Catholic University of Valparaiso

presented by: Sergio Salas, Pontifical Catholic University of Valparaiso

 

The International Spillover Effects of U.S. Monetary Policy Uncertainty

By Aeimit Lakdawala; Michigan State University
Timothy Moreland; Michigan State University
Matthew Schaffer; University of North Carolina - Greensboro

presented by: Matthew Schaffer, University of North Carolina - Greensboro

Patents as Collateral: Innovative Financing for Innovation

By Suleyman Gozen; The University of Chicago

presented by: Suleyman Gozen, The University of Chicago

 

Session: Macroeconomic Theory and Applications
November 3, 2019 10:00 to 11:30

Business College Complex N103

Finite-State Markov Chain Approximation and Its Applications in Economics

By Keyvan Eslami; Ryerson University
Thomas Phelan; Federal Reserve Bank of Cleveland

presented by: Thomas Phelan, Federal Reserve Bank of Cleveland

Perceived Uncertainty Shocks, Excess Optimism-Pessimism, and Learning in the Business Cycle

By Pratiti Chatterjee; University of New South Wales
Fabio Milani; University of California, Irvine

presented by: Pratiti Chatterjee, University of New South Wales

Rational Inattention and Ignorance Equivalence

By Zachary Stangebye; University of Notre Dame
Michele Muller-Itten; University of Notre Dame
Roc Armenter; Federal Reserve Bank of Philadelphia

presented by: Zachary Stangebye, University of Notre Dame