2005 Program

Organizers: George Marios Angeletos, Randy Wright

Tuesday, August 2

A Critique of Structural VARs Using Real Business Cycle Theory
Patrick Kehoe
University of Minnesota and Federal Reserve Bank of Minneapolis
V. V. Chari
University of Minnesota and Federal Reserve Bank of Minneapolis
Ellen McGrattan
Federal Reserve Bank of Minneapolis

Assessing Structural VARs
Lawrence Christiano
Northwestern University
Martin Eichenbaum
Northwestern University
Rob Vigfusson
Federal Reserve Board

A,B,C's (and D's)'s for Understanding VARS
Jesus Fernandez-Villaverde
University of Pennsylvania
Juan Rubio-Ramirez
Federal Reserve Bank of Atlanta
Tom Sargent
New York University

Wednesday, August 3

Contracts and the Division of Labor
Pol Antras
Harvard University
Daron Acemoglu
MIT
Elhanan Helpman
Harvard University

Trade Costs, Pricing to Market, and International Relative Prices
Ariel Burstein
UCLA
Andrew Atkeson
UCLA

Rare Events and the Equity Premium
Robert Barro
Harvard University

Thursday, August 4

Vehicle Currency
Shouyong Shi
University of Toronto
Michael Devereux
University of British Columbia

State-Dependent Pricing, Inflation and Welfare in Search Economies
Guillaume Rocheteau
Federal Reserve Bank of Cleveland
Ben Craig
Federal Reserve Bank of Cleveland

Monetary Policy and Distribution
Stephen D. Williamson
University of Iowa

Friday, August 5

Social Change
Nezih Guner
Pennsylvania State University
Jeremy Greenwood
University of Rochester

Markets as Beneficial Constraints on the Government
Adriano Rampini
Northwestern University
Alberto Bisin
New York University

Inequality and Social Discounting
Emmanuel Farhi
MIT
Ivan Werning
MIT

Saturday, August 6

The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited
Markus Hagedorn
University Bonn
Iourii Manovskii
University of Pennsylvania

Directed Labor Search with Multiple Job Applications

Philip Kircher
University of Bonn
Manolis Galenianos
University of Pennsylvania

A Model of Job and Worker Flows
Ricardo Lagos
New York University and Federal Reserve Bank of Minneapolis
Nobu Kiyotaki
 London School of Economics