2005

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