AEAweb: AEA 2012 Annual Meeting Papers


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Jan 06, 2012

Jan 06, 2012 8:00 am, Hyatt Regency, Acapulco
American Economic Association
Conduct, Regulation, and Investment in Restructured Electricity Markets (L5)
Presiding: John Kwoka (Northeastern University)
Dynamic Response to Environmental Regulation in the Electricity Industry
Joseph Cullen (Harvard University)
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Estimating Market Power in Homogenous Product Markets Using A Composed Error Model: Application to the California Electricity Market
Luis Orea (Oviedo University)
Jevgenijs Steinbuks (Purdue University)
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Efficiency of Auctions for Financial Transmission Rights
Paul V. Preckel (Purdue University)
Devendra Canchi (Monitoring Analytics)
Douglas J. Gotham (Purdue University)
Frederick T. Sparrow (Purdue University)
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The Price Effects of Independent Transmission System Operators in the U.S. Electricity Market
Theodore J. Kury (University of Florida)
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Investment in Transmission for Solar Power Plant Interconnection
Unni Pillai (University at Albany – SUNY)
Pradeep Haldar (University at Albany – SUNY)
Evsen Turkay (Vassar College)
Discussants:
Alan H. Sanstad (Lawrence Berkeley National Laboratory)
Mar Reguant (Stanford University)
Seabron Adamson (Tulane Energy Institute and CRAI)
Kemal Sarica (Purdue University)
Chiara Lo Prete (Johns Hopkins University)
Jan 06, 2012 8:00 am, Hyatt Regency, Columbus EF
American Economic Association
Consumer Choice, Public Policy and Nutrition (L2)
Presiding: Aviv Nevo (Northwestern Univeristy)
Prices, Local Purchasing Environments and Nutrition: Evidence from Consumer Scanner Data
Matthew Harding (Stanford University)
Michael Lovenheim (Cornell University)
The Impact of Government Advertising on the Market for Fruit and Vegetables
Rachel Griffith (IFS and University of Manchester)
Lars Nesheim (CeMMAP, IFS and University College London)
Demand for Nutrition: A Cross Country Comparison of US, UK and France
Pierre Dubois (Toulouse School of Economics)
Rachel Griffith (IFS and University of Manchester)
Aviv Nevo (Northwestern University)
Discussants:
Timothy Richards (Arizona State University)
Sofia B. Villas-Boas (University of California-Berkeley)
Arthur Lewbel (Boston College)
Jan 06, 2012 8:00 am, Hyatt Regency, Columbus KL
American Economic Association
Economic Circumstances and Child Health (Y9)
Presiding: Seema Jayachandran (Northwestern University)
The Weight of the Crisis: Evidence from Newborns in Argentina
Climent Quintana-Domeque (Universitat d'Alicante)
Carlos Bozzoli (BIW)
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Seasonal Effects of Water Quality on Infant and Child Health in India
Nidhiya Menon (Brandeis University)
Elizabeth Brainerd (Brandeis University)
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Armed Conflict and Birth Weight: Evidence from the al-Aqsa Intifada
Hani Mansour (University of Colorado-Denver)
Daniel Rees (University of Colorado-Denver)
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Armed Conflict, Household Victimization, and Child Health in Cote d'Ivoire
Camelia Minoiu (International Monetary Fund)
Olga Shemyakina (Georgia Institute of Technology))
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Discussants:
Shingyi Wang (New York University)
Rema Hanna (Harvard University)
Anne Case (Princeton University)
Richard Akresh (University of Illinois-Urbana-Champaign)
Jan 06, 2012 8:00 am, Hyatt Regency, Wrigley
American Economic Association
Economic Growth (O4)
Presiding: Jenny Minier (University of Kentucky)
Fiscal Policy, Growth and Income Distribution in UK
Keshab Bhattarai (University of Hull)
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Leadership Contestability, Monopolistic Rents and Growth
Roberto Piazza (International Monetary Fund)
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Financial Development and the Sources of Growth and Convergence
Diego Romero-Ávila (Pablo de Olavide University, Spain)
Oleg Badunenko (University of Cologne, Germany)
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Dynamic Scoring in a Romer-Style Economy
Dean Scrimgeour (Colgate University)
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Defense Strategy Transition and Economic Growth under External Predation
TaoXiong Liu (Tsinghua University)
AngGang Hu (Tsinghua University)
Bihua Zhou (Tsinghua University)
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Jan 06, 2012 8:00 am, Hyatt Regency, Columbus IJ
American Economic Association
Empirical Labor Economics (J)
Presiding: Petra Todd (University of Pennsylvania)
School Segregation and the Identification of Tipping Points
Gregorio Caetano (University of Rochester)
Vikram Maheshri (University of Rochester)
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Brain Drain: A Scale of Signaling Gaps? Lessons from US-Israel Case
Eizman Galit (Harvard University)
Philippe Aghion (Harvard University)
Solving the Two-Body Problem: An Evaluation of University Partner Accommodation Policies
Tori Byington (Washington State University)
Benjamin Cowan (Washington State University)
Jill McCluskey (Washington State University)
Jared Woolstenhulme (Washington State University)
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The value of remarriage: welfare effects of divorce legalization
Clement Joubert (University of North Carolina-Chapel Hill)
Se Kyu Choi (Universitat Autonoma de Barcelona)
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Determinants of College Major Choices: Identification using an Information Experiment
Matthew Wiswall (New York University)
Basit Zafar (Federal Reserve Bank of New York)
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Jan 06, 2012 8:00 am, Hyatt Regency, Water Tower
American Economic Association
Field Experiments on Savings in Developing Countries (O1)
Presiding: Silvia Prina (Case Western Reserve University)
Agricultural Loans, Savings and the Returns to Capital among Women in Mali
Lori Beaman (Northwestern University)
Dean Karlan (Yale University)
Bram Thuysbaert (Yale University)
Christopher Udry (Yale University)
Challenges in Banking the Rural Poor: Evidence from Kenya's Western Province
Pascaline Dupas (Stanford University)
Anthony Keats (University of California-Los Angeles)
Jonathan Robinson (University of California-Santa Cruz)
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Do Basic Savings Accounts Help the Poor to Save? Evidence from a Field Experiment in Nepal
Silvia Prina (Case Western Reserve University)
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Commitments to Save: A Field Experiment in Malawi
Lasse Brune (University of Michigan)
Xavier Giné (World Bank)
Jessica Goldberg (University of Maryland)
Dean Yang (University of Michigan)
Discussants:
Shawn Cole (Harvard University)
Cynthia Kinnan (Northwestern University)
Jessica Goldberg (Harvard University)
Simone Schaner (Dartmouth College)
Jan 06, 2012 8:00 am, Hyatt Regency, Grand Suite 5
American Economic Association
Fiscal Policies and Outcomes (H)
Presiding: Gurupdesh Pandher (University of British Columbia)
Broadband Access and Its Impact on State Sales Tax Collections
Semoon Chang (University of South Alabama)
Mohan Menon (University of South Alabama)
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Accounting for Cross-Country Differences in Intergenerational Earnings Persistence: The Impact of Taxation and Public Education Expenditure
Hans Aasnes Holter (University of Pennsylvania)
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Taxation,Transfer Income and Stock Market Participation
Bjarne Astrup Jensen (Copenhagen Business School)
Marcel Marekwica (Copenhagen Business School)
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When will the Social Security Trust Fund Run Out?: Simulation by Linearization about the Current State
Richard W. Evans (Brigham Young University)
Jeremy Perdue (Brigham Young University)
Kerk L. Phillips (Brigham Young University)
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Cost-Benefit Analysis for Transport Policy Considerations: A European Trade-Off between Consumer Benefits, Welfare Effects and Administrative Burden
Wolfgang H. Schulz (University of Cologne and Fresenius-University)
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Jan 06, 2012 8:00 am, Hyatt Regency, Dusable
American Economic Association
Government Policies and Private Reactions (H)
Presiding: Sam Allgood (University of Nebraska-Lincoln)
Framing of Social Dilemmas: Disentangling the Importance of Beliefs, Cooperation Preferences, and Game Form Misperceptions
Toke Fosgaard (University of Copenhagen, Denmark)
Lars Gårn Hansen (University of Copenhagen, Denmark)
Erik Wengström (University of Lund, Sweden)
OIncidence of Environmental Taxes Under Quadratic Almost Ideal Demand System
Firouz Gahvari (University of Illinois-Urbana-Champaign)
Harry Tsang (University of North Dakota)
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Health Cost Risk, Incomplete Markets, or Bequest Motives - Revisiting the Annuity Puzzle
Kim Peijnenburg (Tilburg University)
Theo Nijman (Tilburg University)
Bas JM Werker (Tilburg University)
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The Adequacy of Household Saving in Canada
Huju Liu (Statistics Canada)
Yuri Ostrovsky (Statistics Canada)
Jie Zhou (Nanyang Technological University)
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Do Taxes Distort Corporations' Investment Choices? Evidence from Industry-Level Data
Li Liu (University of Oxford)
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Jan 06, 2012 8:00 am, Hyatt Regency, Buckingham
American Economic Association
Government Policy and Household Behavior (K3)
Presiding: Tal Gross (Columbia University)
Liquidity Constraints and Consumer Bankruptcy: Evidence from Tax Rebates
Tal Gross (Columbia University)
Matthew Notowidigdo (University of Chicago)
Jialan Wang (Washington University in St. Louis)
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Personal Bankruptcy Law, Wealth, and Entrepreneurship: Evidence from the Introduction of a "Fresh Start" Policy
Frank M. Fossen (DIW Berlin)
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Heterogeneous Responses and Aggregate Impact of the 2001 Income Tax Rebates
Paolo Surico (London Business School)
Kanishka Misra (London Business School)
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Personal Bankruptcy Decisions Before and After Bankruptcy Reform
Melissa B. Jacoby (University of North Carolina-Chapel Hill)
Mark R. Lindblad (University of North Carolina-Chapel Hill)
Roberto G. Quercia (University of North Carolina-Chapel Hill)
Sarah F. Riley (University of North Carolina-Chapel Hill)
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Jan 06, 2012 8:00 am, Hyatt Regency, Columbian
American Economic Association
Health Insurance (I1)
Presiding: Danny Hughes (University of Oklahoma Health Sciences Center)
Health Insurance and “Unemployment Lock”: Evidence from China
Gordon Liu (Peking University and University of North Carolina-Chapel Hill)
Jun Xia (University of Michigan)
Ake Blomqvist (Central University of Finance and Economics, China)
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Public Health Insurance Expansion and Hospital Technology Adoption
Seth Freedman (University of Michigan and Indiana University)
Haizhen Lin (Indiana University)
Kosali Simon (Indiana University and NBER)
The Decomposition of Moral Hazard in Health Insurance
John A Nyman (University of Minnesota)
High-Earner Lemons? Adverse Selection in the German Market for Private Health Insurance
Martin Karlsson (TU Darmstadt)
Nicolas Ziebarth (DIW Berlin and Cornell University)
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Quantitative Analysis of Health Insurance Reform: Separating Community Rating from Income Redistribution
Svetlana Pashchenko (University of Virginia)
Ponpoje Porapakkarm (University of Macau)
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Jan 06, 2012 8:00 am, Hyatt Regency, Gold Coast
American Economic Association
Incomplete Information in Macroeconomics and Finance (E3)
Presiding: Todd Walker (Indiana University)
Information Acquisition vs. Precision in Portfolio Choice
Tarek Hassan (University of Chicago)
Thomas M Mertens (New York University)
Information Equilibria in Dynamic Economies with Dispersed Information
Giacomo Rondina (University of California-San Diego)
Todd B Walker (Indiana University)
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Optimal Monetary Policy with Informational Frictions
Jennifer La'O (University of Chicago)
George-Marios Angeletos (Massachusetts Institute of Technology)
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Man-Bites-Dog Business Cycles
Kristoffer Nimark (CREI)
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Discussants:
Venky Venkateswaran (Pennsylvania State University)
Thomas Mertens (New York University)
Mirko Wiederholt (Northwestern University)
Eric Young (University of Virginia)
Jan 06, 2012 8:00 am, Hyatt Regency, Atlanta
American Economic Association
Issues in Trade, Growth, and Macroeconomics (F4)
Presiding: Jing Zhang (University of Michigan)
China Trade Response to Exchange Rate
Chang Hong (Clark University)
Shang-Jin Wei (Columbia University)
Caroline Freund (World Bank)
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Knowledge Input-Output Linkages, Innovations and Trade Composition
Nan Li (Ohio State University)
Jie April Cai (University of New South Wales)
Host Country Financial Development and MNC Activity
Kalina Manova (Stanford University)
Davin Chor (Singapore Management University)
Fritz Foley (Harvard Business School)
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Industrial Dynamics, International Trade and Economic Growth
Yong Wang (Hong Kong University of Science and Technology)
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The Efficiency of the Global Markets for Final Goods and Productive Capabilities
Georg H. Strasser (Boston College)
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Jan 06, 2012 8:00 am, Hyatt Regency, Toronto
American Economic Association
K-12 Economic and Financial Literacy Education (A2)
Presiding: William Bosshardt (Florida Atlantic University)
Evaluating the International Economic summit: A Research Design for Measuring Student Engagement
Jody Hoff (Federal Reserve Bank of San Francisco)
Jane Lopus (California State University-East Bay)
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The Keys to Financial Success Curriculum: Impact on Personal Finance Behaviors
Andrew T. Hill (Federal Reserve Bank of Philadelphia)
Bonnie Meszaros (University of Delaware)
Erin Yetter (University of Delaware)
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Evaluation of Cumulative Impacts of the Student Enterprise Program on Academic Achievement
Jennifer Pitzer (University of Cincinnati)
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Disparities in Advanced Course-Taking: The Case of AP Economics
John Swinton (Georgia College & State University)
Christopher Clark (Georgia College & State University)
Benjamin Scafidi (Georgia College & State University)
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Discussants:
William Bosshardt (Florida Atlantic University)
George Vredeveld (University of Cincinnati)
James O'Neill (University of Delaware)
Paul Grimes (Pittsburg State University)
Jan 06, 2012 8:00 am, Hyatt Regency, Skyway 260
American Economic Association
Macroeconomic Dynamics (E3)
Presiding: Roberto Pancrazi (Toulouse School of Economics)
Does Uncertainty Cause Business Cycle? Panel Estimation from Fifty Countries
Nicholas Bloom (Stanford University)
Scott R. Baker (Stanford University)
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Why Are Target Interest Rate Changes So Persistent?
Yuriy Gorodnichenko (University of California-Berkeley)
Olivier Coibion (College of William and Mary)
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TFP Persistence and Monetary Policy
Marija Vukotic (Banque de France)
Roberto Pancrazi (Toulouse School of Economics)
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Macro-Prudential Policy and the Conduct of Monetary Policy
Benoit Mojon (Bank of France)
Discussants:
Jonathan Goldberg (Massachusetts Institute of Technology)
Francesco Bianchi (Duke University)
Kevin Moran (Laval University)
Jan 06, 2012 8:00 am, Hyatt Regency, Columbus G
American Economic Association
Monetary-Fiscal Games (E6)
Presiding: Nora Traum (North Carolina State University)
Monetary and Fiscal Policy Interactions With Various Degrees of Commitment
Jan Libich (La Trobe University)
Andrew Hughes Hallett (George Mason University, USA and St Andrews University, Scotland)
Petr Stehlik (University of West Bohemia)
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Monetary Exit Strategy and Fiscal Spillovers
Jan Libich (La Trobe University)
Dat Thanh Nguyen (La Trobe University)
Petr Stehlík (University of West Bohemia)
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“Core” and “Periphery” in a Monetary Union: A Macroeconomic Policy Game
Dmitri Blueschke (Klagenfurt University)
Reinhard Neck (Klagenfurt University)
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Tracking Monetary-Fiscal Interactions Across Time and Space
Michal Franta (Czech National Bank)
Jan Libich (La Trobe University)
Petr Stehlik (University of West Bohemia)
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Macroeconomic Regimes
Lieven Baele (Tilburg University)
Geert Bekaert (Columbia University)
Seonghoon Cho (Yonsei University)
Koen Inghelbrecht (Ghent University)
Antonio Moreno (University of Navarra)
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Jan 06, 2012 8:00 am, Hyatt Regency, Soldier Field
American Economic Association
Policy Dynamics and Legislative Institutions (D7)
Presiding: Hülya Eraslan (Johns Hopkins University)
Dynamic Collective Choice with Endogenous Status Quo
Wiola Dziuda (Northwestern University)
Antoine Loeper (Carlos III (Madrid, Spain))
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Dynamic Legislative Bargaining with Endogenous Proposers
Pohan Fong (City University of Hong Kong)
Jianpeng Deng (City University of Hong Kong)
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Procedural Choice in Majoritarian Organizations
Daniel Diermeier (Northwestern University)
Razvan Vlaicu (University of Maryland)
Discretionary vs. Mandatory Spending: The Status Quo Effect
Renee Bowen (Stanford University)
Hülya K. K. Eraslan (Johns Hopkins University)
Bargaining over an Endogenous Agenda
Vincent Anesi (University of Nottingham)
Daniel J. Seidmann (University of Nottingham)
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Jan 06, 2012 8:00 am, Hyatt Regency, Regency B
American Economic Association
The Foundations of Decision Making: Recent Developments (D8)
Presiding: Tatiana Kornienko (University of Edinburgh)
Uncertainty Equivalents: Testing the Limits of the Independence Axiom
James Andreoni (University of California-San Diego)
Charles Sprenger (Stanford University)
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On the Origin of Utility, Weighting, and Discounting Functions: How They Get Their Shapes and How to Change Their Shapes
Neil Stewart (University of Warwick)
Stian Reimers (City University London)
Adam J. L. Harris (University College London)
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Probability Weighting as Evolutionary Second-Best
Florian Herold (Northwestern University)
Nick Netzer (University of Zurich)
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The Decision Theory of OCEAN
Fabio Maccheroni (Università Bocconi)
Massimo Marinacci (Università Bocconi)
Aldo Rustichini (University of Minnesota)
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Discussants:
Colin Camerer (California Institute of Technology)
Emir Kamenica (University of Chicago)
Luis Rayo (University of Utah)
Marciano Siniscalchi (Northwestern University)
Jan 06, 2012 8:00 am, Hyatt Regency, Hong Kong
American Economic Association
The Positive and Negative Effects of Information (D8)
Presiding: Kevin Mumford (Purdue University)
Personal Income Tax Salience: The Effect of a Child Care Tax Subsidy on Child Care Expenditure
Benjamin M. Miller (University of California-San Diego)
Kevin J. Mumford (Purdue University)
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The Digital Scarlet Letter: The Effect of Online Criminal Records on Crime
Dara Lee (University of Missouri-Columbia)
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Are Two Report Cards Better than One? The Case of CABG Surgery and Patient Sorting
Yang Zhang (University of California-Irvine)
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The Impact of Health Information Technology on Demand for Hospital Inpatient Services
Eric Barrette (University of Minnesota)
Jeffrey McCullough (University of Minnesota)
Robert Town (University of Minnesota)
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Educational Streaming: Too Early to Disclose Information?
Yi Zhang (Singapore Management University)
Jan 06, 2012 8:00 am, Hyatt Regency, Columbus CD
American Economic Association
Understanding Business Cycles (E3)
Presiding: Stephanie Schmitt-Grohe (Columbia University)
Debt Overhang in a Business Cycle Model
Filippo Occhino (Federal Reserve Bank of Cleveland)
Andrea Pescatori (International Monetary Fund)
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Credit Default Swaps and Sovereign Debt with Moral Hazard and Debt Renegotiation
Laurence Ales (Carnegie Mellon University)
Nicolas Petrosky-Nadeau (Carnegie Mellon University)
Batchimeg Sambalaibat (Carnegie Mellon University)
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Precautionary Saving over the Business Cycle
Edouard Challe (Ecole Polytechnique)
Xavier Ragot (Banque de France and PSE)
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Wealth and Volatility
Jonathan Heathcote (Federal Reserve Bank of Minneapolis)
Fabrizio Perri (University of Minnesota)
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The Cyclicality of Productivity Dispersion
Matthias Kehrig (Northwestern University)
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Jan 06, 2012 8:00 am, Hyatt Regency, Stetson Suite FG
Korea-America Economic Association/American Economic Association
The Early Origin of Inequality (I3)
Presiding: James Heckman (University of Chicago)
The Early Origins of Inequality: An Overview
James Heckman (University of Chicago)
The Effects of Early Intervention on Human Development and Social Outcomes
Seong Moon (University of Chicago)
The Developmental Origins of Health Inequality
Gabriella Conti (University of Chicago)
A Virtues Theory of Poverty and Inequality
Steven Durlauf (University of Wisconsin-Madison)
Jan 06, 2012 10:15 am, Hyatt Regency, Columbus CD
American Economic Association
Asset Prices and Wealth Dynamics with Heterogeneous Beliefs (D8)
Presiding: Thomas Sargent (New York University)
Market Prices of Risk with Diverse Beliefs, Learning, and Catastrophes
Thomas Sargent (New York University)
Tim Cogley (New York University)
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Life-Cycle Portfolio Choice, the Wealth Distribution and Asset Prices
Felix Kubler (ISB, University of Zurich)
Karl Schmedders (University of Zurich)
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International Robust Disagreement
Ricardo Colacito (University of North Carolina)
Massimiliano Croce (University of North Carolina)
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Heterogeneous Beliefs, Wealth Distribution and Asset Markets with Risk of Default
Viktor Tsyrennikov (Cornell University)
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Discussants:
Ricardo Colacito (University of North Carolina)
Viktor Tsyrennikov (Cornell University)
Sergiy Stepanchuk (University of Pennsylvania)
Adam Slawski (Pennsylvania State University)
Jan 06, 2012 10:15 am, Hyatt Regency, Columbus IJ
American Economic Association
Carbon Leakage (Q5)
Presiding: Lawrence Goulder (Stanford University)
Leakage from Sub-national Climate Initiatives
Sebastian Rausch (Massachusetts Institute of Technology)
Niven Winchester (Massachusetts Institute of Technology)
John Reilly (Massachusetts Institute of Technology)
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Alternative Climate Policies and Intertemporal Emissions Leakage
Carolyn Fischer (Resources for the Future)
Stephen W. Salant (University of Michigan)
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The Strategic Value of Embodied Carbon Tariffs
Christoph Böhringer (Oldenburg University)
Jared C. Carbone (University of Calgary)
Thomas F. Rutherford (Swiss Federal Institute of Technology)
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Can a Unilateral Carbon Tax Reduce Emissions Elsewhere?
Joshua Elliott (University of Chicago)
Don Fullerton (University of Illinois)
Todd Munson (University of Chicago)
Discussants:
Roberton Williams, III (University of Maryland)
Ujjayant Chakravorty (University of Alberta)
Brian Copeland (University of British Columbia)
Mark Jacobsen (University of California-San Diego)
Jan 06, 2012 10:15 am, Hyatt Regency, Grand Ballroom A
American Economic Association
Credit Bubbles (G1)
Presiding: Robin Greenwood (Harvard University)
Quiet Bubbles
Harrison Hong (Princeton University)
David Sraer (Princeton University)
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A Model of Shadow Banking
Nicola Gennaioli (Universitat Pompeu Fabra)
Andrei Shleifer (Harvard University)
Robert W Vishny (University of Chicago)
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Issuer Quality and the Credit Cycle
Robin Greenwood (Harvard University)
Samuel G. Hanson (Harvard University)
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Discussants:
Jeffrey Wurgler (New York University)
Augustin Landier (Toulouse School of Economics)
Andrew Metrick (Yale University)
Jan 06, 2012 10:15 am, Hyatt Regency, Toronto
American Economic Association
Crime and Terrorism (K4)
Presiding: Cecilia Rouse (Princeton University)
The Nonlinear Relationship between Terrorism and Poverty
Walter Enders (University of Alabama)
Gary A. Hoover (University of Alabama)
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Terrorism and Patriotism: On the Earnings of U.S. Veterans after September 11, 2001
Alberto Davila (University of Texas-Pan American)
Marie T. Mora (University of Texas-Pan American)
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The Color of Lynching
Lisa D. Cook (Michigan State University)
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Race and Gender Differences under Federal Sentencing Guidelines
Supriya Sarnikar (Westfield State College)
Todd Sorensen (University of California-Riverside and IZA)
Ronald L. Oaxaca (University of Arizona and IZA)
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Discussants:
Francisco Rivera-Batiz (Columbia University)
Marlene Kim (University of Massachusetts-Boston)
Patrick L. Mason (Florida State University)
Steven Raphael (University of California-Berkeley)
Jan 06, 2012 10:15 am, Hyatt Regency, Columbus G
American Economic Association
Exchange Rates (F3)
Presiding: Mario Crucini (Vanderbilt University)
Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?
Kathryn Dominguez (University of Michigan)
Rasmus Fatum (University of Alberta)
Pavel Vacek (University of Alberta)
The Forward Premium Puzzle: Beyond Negative Beta
Liang Ding (Macalester College)
Jun Ma (University of Alabama)
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Third-Market Effects of Exchange Rates: A Study of the Renminbi
Aaditya Mattoo (World Bank)
Prachi Mishra (International Monetary Fund)
Arvind Subramanian (Peterson Institute for International Economics)
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Exchange Rate Pass-Through, Markups, and Inventories
Adam Copeland (Federal Reserve Bank of New York)
James A Kahn (Yeshiva University)
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The RMB Debate: Empirical Analysis on the Effects of Exchange Rate Shocks in China and Japan
Soyoung Kim (Seoul National University)
Yoonbai Kim (University of Kentucky)
Jan 06, 2012 10:15 am, Hyatt Regency, Crystal A
American Economic Association
Experiments in Firms (M5)
Presiding: Antoinette Schoar (Massachusetts Institute of Technology)
Once and Done: Leveraging Behavioral Economics to Increase the Bottom Line of Non-Profits
Amee Kamdar (University of Chicago)
Steven Levitt (University of Chicago)
John List (University of Chicago)
Chad Syverson (University of Chicago)
Working from Home or Shirking from Home? Evidence from a Chinese Field Experiment
Nick Bloom (Stanford University)
James Liang (CTrip)
John Roberts (Stanford University)
Jenny Ying (Stanford University)
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Hoping to Win, Expected to Lose: Theory and Lessons on Micro Enterprise Development
Dean Karlan (Yale University)
Chris Udry (Yale University)
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Ex Post (in)efficient Negotiation and Breakdown of Trade
Antoinette Schoar (Massachusetts Institute of Technology)
Rajkamal Iyer (Massachusetts Institute of Technology)
Jan 06, 2012 10:15 am, Hyatt Regency, Columbus EF
American Economic Association
Field Experiments in Health Economics (I1)
Presiding: Jim Rebitzer (Boston University)
Using Implementation Intentions Prompts to Enhance Influenza Vaccination Rates
Katherine Milkman (University of Pennsylvania)
John Beshears (Stanford University)
James Choi (Yale University)
David Laibson (Harvard University)
Brigitte Madrian (Harvard University)
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Field Experiments in Global Health: Motivating Voluntary Blood Donations in Argentina
Victor Iajya (Universidad Nacional de Tucuman)
Nicola Lacetera (University of Toronto)
Mario Macis (Johns Hopkins University)
Robert Slonim (University of Sydney)
Financial Incentives for Weight Loss
John Cawley (Cornell University)
Joshua Price (University of Texas-Arlington)
Pricing of Socially Desirable Goods: On the Joint Effects of Demand and Supply Interventions
Jessica Cohen (Harvard University)
William Dickens (Harvard University)
Gunther Fink (Harvard University)
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Discussants:
Joseph Price (Brigham Young University)
Margaret McConnell (Harvard University)
Jessica Goldberg (University of Maryland)
Iwan Barankay (University of Pennsylvania)
Jan 06, 2012 10:15 am, Hyatt Regency, Regency B
American Economic Association
Fiscal Policy during and after the Financial Crisis (E6)
Presiding: Todd Walker (Indiana University)
The Fiscal Multiplier Morass: A Bayesian Perspective
Eric Leeper (Indiana University, Monash University and NBER)
Todd Walker (Indiana University)
Nora Traum (North Carolina State University)
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Fiscal Policy and the Great Recession in the Euro Area
Gunter Coenen (European Central Bank)
Roland Straub (European Central Bank)
Mathias Trabandt (European Central Bank)
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Jointly Optimal Fiscal and Monetary Policy Rules under Liquidity Constraints
Huixin Bi (Bank of Canada)
Michael Kumhof (International Monetary Fund)
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Fiscal Policy in a Financial Crisis: Standard Policy vs. Bank Rescue Measures
Jan in 't Veld (EU Commission (DG ECFIN))
Robert Kollmann (European Centre for Advanced Research in Economics and Statistics (ECARES), Université Libre de Bruxelles and CEPR)
Werner Roeger (EU Commission (DG ECFIN))
Discussants:
Christopher Sims (Princeton University)
Thorsten Drautzburg (University of Chicago)
Christoper Erceg (Federal Reserve Board)
Lorenzo Forni (International Monetary Fund)
Jan 06, 2012 10:15 am, Hyatt Regency, Acapulco
American Economic Association
Implications of Rational Inattention (D8)
Presiding: Mirko Wiederholt (Northwestern University)
Rational Inattention: A New Foundation for the Multinomial Logit Model and Simple Market Equilibria
Filip Matejka (CERGE-EI)
Alisdair McKay (Boston University)
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Information Processing and Limited Liability
Bartosz Mackowiak (European Central Bank)
Mirko Wiederholt (Northwestern University)
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Information Choice Technologies
Christian Hellwig (Toulouse School of Economics)
Laura Veldkamp (New York University)
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Discussants:
Alexander Wolitzky (Massachusetts Institute of Technology)
Aleh Tsyvinski (Yale University)
David Myatt (Oxford University)
Jan 06, 2012 10:15 am, Hyatt Regency, Grand Suite 3
American Economic Association
International Capital Allocation, Portfolio Choice and Capital Flows (F3)
Presiding: Marcel Fratzscher (European Central Bank)
Capital Flow Waves: Surges, Stops, Flight and Retrenchment
Kristin Forbes (Massachusetts Institute of Technology)
Frank Warnock (University of Virginia)
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Liquidity Management in Global Banks: Internal Capital Markets in the Great Recession
Linda Goldberg (Federal Reserve Bank of New York)
Nicola Cetorelli (Federal Reserve Bank of New York)
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Sovereigns, Upstream Capital Flows, and Global Imbalances
Sebnem Kalemli-Ozcan (University of Houston)
Laura Alfaro (Harvard University)
Vadym Volosovych (Erasmus University Rotterdam)
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Quantitative Easing and Capital Flows
Marcel Fratzscher (European Central Bank)
Discussants:
Gian Maria Milesi-Ferretti (International Monetary Fund)
Philipp Schnabl (New York University)
Galina Hale (Federal Reserve Bank of San Francisco)
Marianne Baxter (Boston University)
Jan 06, 2012 10:15 am, Hyatt Regency, Skyway 260
American Economic Association
Liquidity Dynamics (G1)
Presiding: Zhiguo He (University of Chicago)
Market Timing, Investment, and Risk Management
Patrick Bolton (Columbia University)
Hui Chen (Massachusetts Institute of Technology)
Neng Wang (Columbia University)
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The I-Theory of Money
Markus K. Brunnermeier (Princeton University)
Yuliy Sannikov (Princeton University)
Financial intermediary capital
Adriano Rampini (Duke University)
S. Vish Viswanathan (Duke University)
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Inefficient Investment Waves
Zhiguo He (University of Chicago)
Péter Kondor (Central European University)
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Discussants:
Dmitry Livdan (University of California-Berkeley)
Arvind Krishnamurthy (Northwestern University)
Douglas W. Diamond (University of Chicago)
Martin Oehmke (Columbia University)
Jan 06, 2012 10:15 am, Hyatt Regency, Columbus KL
American Economic Association
Maternity Leave, Family Formation and Caregiving (Y9)
Presiding: Terra McKinnish (University of Colorado-Boulder)
The Effects of Maternity Leave on Children’s Birth and Infant Health Outcomes in the United States
Maya Rossin-Slater (Columbia University)
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Love and Money by Parental Match-Making: Evidence from Urban Couples in China
Fali Huang (Singapore Management University)
Ginger Jin (University of Arizona)
Lixin Colin Xu (World Bank)
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Sex Ratios and Family Formation: The Role of the Vietnam Draft
Marianne Bitler (University of California-Irvine)
Lucie Schmidt (Williams College)
Do Couples Self-Insure? The Effect of Informal Care on Joint Labor Supply Decisions
Norma Coe (Boston College)
Courtney Harold van Houtven (Duke University)
MEGHAN SKIRA (Boston College)
Discussants:
Christine Piette Durrance (University of North Carolina)
Shoshana Grossbard (San Diego State University)
Andrea Beller (University of Illinois-Urbana-Champaign)
Daniel Rees (University of Colorado-Denver)
Jan 06, 2012 10:15 am, Hyatt Regency, Regency C
American Economic Association
Model Selection (C5)
Presiding: Kenneth Wolpin (University of Pennsylvania)
To Hold Out or Not to Hold Out
Frank Schorfheide (University of Pennsylvania)
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Prediction with Misspecified Models
John Geweke (University of Technology Sydney)
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Capital Punishment and Deterrence: Understanding Disparate Results
Steven Durlauf (University of Wisconsin-Madison)
Chao Fu (University of Wisconsin-Madison)
Salvador Navarro (University of Wisconsin-Madison)
Discussants:
Michael Keane (University of Technology Sydney)
Tao Zha (University of Minnesota)
Jan 06, 2012 10:15 am, Hyatt Regency, Regency D
American Economic Association
New Directions in Trade Policy (F1)
Presiding: Chad Bown (World Bank)
Tariff Revenue and Tariff Caps
Manuel Amador (Stanford University)
Kyle Bagwell (Stanford University)
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Profits in the "New Trade" Approach to Trade Negotiations
Ralph Ossa (University of Chicago)
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Trade Agreements and the Nature of Price Determination
Pol Antras (Harvard University)
Robert Staiger (Stanford University)
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Discussants:
Santanu Roy (Southern Methodist University)
Arnaud Costinot (Massachusetts Institute of Technology)
Michele Ruta (World Trade Organization)
Jan 06, 2012 10:15 am, Hyatt Regency, Grand Suite 5
American Economic Association
Robustness and Approximation in Mechanism Design (C6)
Presiding: Stephen Morris (Princeton University)
Efficient Auctions and Interdependent Types
Dirk Bergemann (Yale University)
Stephen Morris (Princeton University)
Robustly Ranking Mechanisms
Doug Smith (Federal Trade Commission)
Tilman Borgers (University of Michigan)
Approximation in Mechanism Design
Jason Hartline (Northwestern University)
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Discussants:
Stephen Morris (Princeton University)
Moritz Meyer-ter-Vehn (University of California-Los Angeles)
Eric Maskin (Harvard University)
Jan 06, 2012 10:15 am, Hyatt Regency, Grand Ballroom CD North
American Economic Association
Short-Term and Long-Term Consequences of Tax Reform (H0) (Panel Discussion)
Panel Moderator: Joel Slemrod (University of Michigan)
Alan Auerbach (University of California-Berkeley)
Gregory Mankiw (Harvard University)
James Poterba (Massachusetts Institute of Technology)
Joel Slemrod (University of Michigan)
Jan 06, 2012 10:15 am, Hyatt Regency, Hong Kong
American Economic Association
State and Local Public Finance (H7)
Presiding: Malcolm Getz (Vanderbilt University)
Why Is Mobile Capital Taxed?
Kangoh Lee (San Diego State University)
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Unsticking the Flypaper Effect in an Uncertain World: The Role of Precautionary Savings
Guillermo Vuletin (Colby College)
Carlos Vegh (University of Maryland and NBER)
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State of States: A Probit Approach
Anika R Khan (Wells Fargo Securities)
Azhar Iqbal (Wells Fargo Securities)
Mark Vitner (Wells Fargo Securities)
Jay Bryson (Wells Fargo Securities)
Sarah Watt (Wells Fargo Securities)
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Destination Taxation, The Road to Economic Success?
William Fox (University of Tennessee)
Zhou Yang (Robert Morris University)
Jan 06, 2012 10:15 am, Hyatt Regency, Grand Ballroom B
American Economic Association
The 2006 Massachusetts Health Care Reform (I1)
Presiding: Adriana Lleras-Muney (University of California-Los Angeles)
Heuristics and Heterogeneity in Health Insurance Exchanges: Evidence from the Massachusetts Connector
Keith M. Marzilli Ericson (Boston University)
Amanda Starc (Harvard Business School)
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Health Reform, Health Insurance and Selection: Estimating Selection into Health Insurance Using the Massachusetts Health Reform
Jonathan T. Kolstad (University of Pennsylvania and NBER)
Amanda Kowalski (Yale University and NBER)
Martin Hackmann (Yale University)
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The Impact of the Massachusetts Health Care Reform on Health Care Use Among Children
Sarah Miller (University of Illinois-Urbana-Champaign)
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The Impact of Massachusetts Health Care Reform on Insurance Premiums
Jonathan Gruber (Massachusetts Institute of Technology)
Discussants:
Adriana Lleras-Muney (University of California-Los Angeles)
Amy Finkelstein (Massachusetts Institute of Technology)
Day Manoli (University of California-Los Angeles)
Amitabh Chandra (Harvard University)
Jan 06, 2012 10:15 am, Hyatt Regency, Regency A
American Economic Association
The Effects of Financial Education and Financial Literacy (A2)
Presiding: B. Douglas Bernheim (Stanford University)
How Financial Literacy Affects Household Wealth Accumulation
Jere Behrman (University of Pennsylvania)
Olivia Mitchell (University of Pennsylvania)
Cindy Soo (University of Pennsylvania)
David Bravo (Universidad de Chile)
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Financial Education and Timely Decision Support: Lessons from Junior Achievement
Bruce Carlin (University of California-Los Angeles)
David Robinson (Duke University)
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Financial Knowledge and Financial Literacy at the Household Level
Alan Gustman (Dartmouth College)
Thomas Steinmeier (Texas Tech University)
Nahid Tabatabai (Dartmouth College)
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Effectiveness of Employer-Provided Financial Information: Hiring to Retiring
Robert Clark (North Carolina State University-Raleigh)
Melinda Morrill (North Carolina State University-Raleigh)
Steven Allen (North Carolina State University-Raleigh)
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Discussants:
Justine Hastings (Brown University)
William Walstad (University of Nebraska-Lincoln)
Urvi Neelakantan (Federal Reserve Bank of Richmond)
Annamaria Lusardi (George Washington University)
Jan 06, 2012 10:15 am, Hyatt Regency, Crystal B
American Economic Association
The Euro: Challenges to Improve a Currency Union (F3) (Panel Discussion)
Panel Moderator: Markus Brunnermeier (Princeton University)
Axel A. Weber (University of Chicago)
Olivier Blanchard (International Monetary Fund)
Jordi Gali (CREI, Universitat Pompeu Fabra)
Athanasios Orphanides (Central Bank of Cyprus)
Jan 06, 2012 10:15 am, Hyatt Regency, Water Tower
American Economic Association
Time Away from Work (J2)
Presiding: Jungmin Lee (Sogang University and IZA)
Time use, emotional well-being and unemployment: Evidence from longitudinal data
Alan B. Krueger (CEA, Woodrow Wilson School and Economics Dept., Princeton University)
Andreas Mueller (Columbia University)
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Retirement and Home Production: A Regression Discontinuity Approach
Elena Stancanelli (CNRS, Université Cergy Pontoise)
Arthur van Soest (Tilburg University)
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The Role of Preferences and Opportunity Costs in Determining the Time Allocated to Housework
Leslie S. Stratton (Virginia Commonwealth University)
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Aggregate Impacts of a Gift of Time
Jungmin Lee (Sogang University and IZA)
Daiji Kawaguchi (Hitotsubashi University)
Daniel S. Hamermesh (University of Texas-Austin)
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Discussants:
Elena Stancanelli (CNRS)
Leslie Stratton (Virginia Commonwealth)
Jungmin Lee (Sogang University and IZA)
Andreas Mueller (Columbia University)
Jan 06, 2012 10:15 am, Hyatt Regency, Gold Coast
American Economic Association
Very Local House Price Dynamics (R2)
Presiding: Fernando Ferreira (University of Pennsylvania)
Within-city Variation in Urban Decline: The Case of Detroit
Daniel Hartley (Federal Reserve Bank of Cleveland)
Erik Hurst (University of Chicago)
Veronica Guerrieri (University of Chicago)
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Micro-Geography of a Housing Boom
Joshua Gottlieb (Harvard University)
Ed Glaeser (Harvard University)
Heterogeneity in Neighborhood-Level Price Growth in the U.S., 1993-2009
Fernando Ferreira (University of Pennsylvania)
Joseph Gyourko (University of Pennsylvania)
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Discussants:
Matthew Notowidigdo (University of Chicago)
Matthew Kahn (University of California-Los Angeles)
Christopher Mayer (Columbia University)
Jan 06, 2012 10:15 am, Hyatt Regency, Buckingham
American Risk & Insurance Association/American Economic Association
Insurance Economics (G2)
Presiding: Martin Grace (Georgia State University)
An Industrial Organization Theory of Risk Sharing
M. Martin Boyer (HEC Montreal)
Charles M. Nyce (Florida State University)
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Real Effects of Changing Rating Standards for Catastrophic Risks
Anastasia V. Kartasheva (University of Pennsylvania)
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Asymmetric Information in Automobile Insurance: New Evidence from Telematic Data
Alexander Muermann (Vienna University of Economics and Business)
Daniela Straka (Vienna University of Economics and Business)
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The Marginal Cost of Risk, Risk Measures, and Capital Allocation
Daniel Baurer (Georgia State University)
George M Zanjani (Georgia State University)
Financial Sector Integration and Information Spillovers: Effects of Operational Risk Events on U.S. Banks and Insurers
J. David Cummins (Temple University)
Ran Wei (Chicago Partners LLC)
Xiaoying Xie (California State University-Fullerton)
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Jan 06, 2012 12:30 pm, Hyatt Regency, Grand Suite 3
American Economic Association
European Economic Association Lecture (J5)
Presiding: Jordi Gali (Universitat Pompeu Fabra)
Transaction Costs, Power Abuse, and the Employment Relation--Economic Origins of Authority
Ernst Fehr (University of Zurich)
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Jan 06, 2012 12:30 pm, Hyatt Regency, Grand Ballroom F
American Economic Association/American Finance Association
Joint Luncheon -- Fee Event
Presiding: Raghuram Rajan (University of Chicago)
Richard Thaler (University of Chicago)
Jan 06, 2012 12:30 pm, Swissotel, Grand Ballroom Salons I & II
Omicron Delta Epsilon/American Economic Association
AEA/ODE Graduate-Student Session (G,H)
Presiding: Joseph Santos (South Dakota State University)
Effects of Bank Lending Shocks on Real Activity: Evidence from a Financial Crisis
Xiaohong Wang (University of Florida)
Is Leverage Leveraging Business Start-ups? An Analysis of Business Start-ups Using the Kauffman Firm Survey
Indu Khurana (Florida International University)
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The Impact of Personal Income Tax Rates on the Employment Decisions of Small Businesses
Katie Sobczyk Player (Clemson University)
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Investment-Promotion Policies and Employment by Foreign-Owned Manufacturing Firms in US States
Chen Wu (University of Oklahoma)
Discussants:
Indu Khurana (Florida International University)
Xiaohong Wang (University of Florida)
Chen Wu (University of Oklahoma)
Katie Sobczyk Player (Clemson University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Hong Kong
American Economic Association
Alternative Credit and Consumer Rationality (G2)
Presiding: Marianne Bertrand (Chicago Booth School of Business)
Choosing the Right Bank; Distance, Consumer Behavior and Pawn Lending
Sumit Agarwal (Federal Reserve Bank of Chicago)
Marieke Bos (Stockholm University)
Underwriting Homogeneity and the Profitability of Payday Lending
Jeremy Tobacman (University of Pennsylvania)
Paige Skiba (Vanderbilt University)
Costly Credit and Public Program Participation
Brian Melzer (Northwestern University)
From Pawn Shops to Banks: The Impact of Formal Credit on Informal Households
Claudia Ruiz Ortega (University of California-Los Angeles)
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Discussants:
Stefano DellaVigna (University of California-Berkeley)
Mark Jenkins (University of Pennsylvania)
Annamaria Lusardi (Dartmouth College)
Anna Paulson (Federal Reserve Bank of Chicago)
Jan 06, 2012 2:30 pm, Hyatt Regency, Crystal A
American Economic Association
Causes and Consequences of Unemployment: New Microeconomic Evidence and Perspectives (J6)
Presiding: David Lee (Princeton University)
The Effect of UI Extensions on Job Outcomes Throughout the Non-Employment Spell
Stefan Bender (Institute for Employment Research)
Till Von Wachter (Boston University)
Johannes Schmieder (Boston University)
Unemployment in the Great Recession: Did the Housing Market Crisis Prevent the Unemployed from Moving to Take Jobs?
Henry S. Farber (Princeton University)
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Contract Form, Wage Flexibility and Employment
W. Bentley MacLeod (Columbia University)
Daniel Parent (Institut d'economie appliquee HEC)
Thomas Lemieux (University of British Columbia)
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Discussants:
Daniel G. Sullivan (Federal Reserve Bank of Chicago)
Bruce D. Meyer (University of Chicago)
Edward Lazear (Stanford University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Columbus CD
American Economic Association
Credit Rating Agencies: Incentives and Regulation (G2)
Presiding: Laura Veldkamp (New York University)
De-Regulating Markets for Financial Information
Laura Veldkamp (New York University)
Pablo Kurlat (Stanford University)
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The Economics of Solicited and Unsolicited Credit Ratings
Gunter Strobl (University of North Carolina)
Paolo Fulghieri (University of North Carolina)
Han Xia (University of North Carolina)
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Feedback Effects of Credit Ratings
Gustavo Manso (Massachusetts Institute of Technology)
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Optimal Rating Contingent Regulation
Marcus Opp (University of California-Berkeley)
Christian Opp (University of Pennsylvania)
Milton Harris (University of Chicago)
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Discussants:
Jonathan Parker (Northwestern University)
Patrick Bolton (Columbia University)
Zhiguo He (University of Chicago)
Samuel Lee (New York University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Grand Ballroom B
American Economic Association
Employment Effects of Arizona’s 2007 Legislation Against the Hiring of Unauthorized Immigrants (F2)
Presiding: Steven Raphael (University of California-Berkeley)
The Impact of Enforcement on the Decision to Migrate
Gordon Hansen (University of California-San Diego)
Scott Borger (Department of Homeland Security)
Bryan Roberts (Nathan Associates)
The Effectiveness of Border Enforcement in Deterring Illegal Crossing Attempts
Catalina Amuedo-Dorantes (San Diego State University)
Cynthia Bansak (St. Lawrence University)
Employment Effects of Arizona’s 2007 Legislation Against the Hiring of Unauthorized Immigrants
Sarah Bohn (Public Policy Institute of California)
Magnus Lofstrom (Public Policy Institute of California)
Steven Paul Raphael (University of California-Berkeley)
A Unified Model of the Illegal Immigration System
Joseph Chang (Homeland Security Studies and Analysis Institute)
Dean Judson (Decision Analytics)
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Discussants:
Fernando Lozano (Pomona College)
Pia Orrenius (Federal Reserve Bank of Dallas)
Todd Sorenson (University of California-Riverside)
Madeline Zavodny (Agnes Scott College)
Jan 06, 2012 2:30 pm, Hyatt Regency, Columbus G
American Economic Association
Environmental Economics (Q5)
Presiding: Richard V. Butler (Trinity University)
Not Just Hot Air? The Effects of Weather on Mortality in Germany
Martin Karlsson (TU Darmstadt)
Nicolas Ziebarth (DIW Berlin and Cornell University)
Maike Neumann (TU Darmstadt)
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Optimal Policy Commitment: Investment Deterrence Versus Option Value
Tatyana Deryugina (Massachusetts Institute of Technology)
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The Impacts of Air-Pollution Motivated Tax Adjustments in China Automobile Industry
Junji Xiao (Fudan University)
Heng Ju (Shanghai University of Finance and Economics)
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To Scrap or Not to Scrap: A Dynamic Discrete Choice Model of Vehicle Scrappage
Shanjun Li (Resources for the Future)
Chao Wei (George Washington University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Grand Suite 3
American Economic Association
Expertise (D8)
Presiding: Elena Panova (UQAM)
A Passion for Democracy
Elena Panova (UQAM)
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Reputational Concern with Endogenous Information Acquisition
Haibo Xu (Haibo Xu)
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Re-election Through Division
Richard Van Weelden (University of Chicago)
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Wisdom of the Crowd
Sergei Kovbasyuk (Toulouse School of Economics)
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Experts, Conflicts of Interest, and Reputation for Ability
Massimo Scotti (University of Technology, Sydney)
Filippo Pavesi (University of Milan-Bicocca)
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Jan 06, 2012 2:30 pm, Hyatt Regency, Regency A
American Economic Association
Funding and Market Liquidity (G1)
Presiding: Markus Brunnermeier (Princeton University and NBER)
Liquidity in the Foreign Exchange Market: Measurement, Commonality, and Risk Premiums
Loriano Mancini (Swiss Finance Institute, EPFL)
Angelo Ranaldo (Swiss National Bank)
Jan Wrampelmeyer (Swiss Finance Institute, University of Zurich)
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Fragility and Restructuring in Trading Networks
Andrea L. Eisfeldt (Northwestern University)
Pierre-Olivier Weill (University of California-Los Angeles)
Liquidity Risk and Mutual-Fund Performance
Xi Dong (INSEAD)
Shu Feng (Clark University)
Ronnie Sadka (Boston College)
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Discussants:
Arvind Krishnamurthy (Northwestern University and NBER)
Tarun Chordia (Emory University)
Ioanid Rosu (HEC Paris)
Ashish Tiwari (University of Iowa)
Jan 06, 2012 2:30 pm, Hyatt Regency, Gold Coast
American Economic Association
Growth Inputs: From Human Capital to Nation Building (O4)
Presiding: Linda Goldberg (Federal Reserve Bank of New York)
Nation Building and Economic Growth
Ellyn Creasey (U.S. Navy)
Ahmend Rahman (U.S. Naval Academy)
Katherine Smith (U.S. Naval Academy)
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Conditional Cash Transfers, Political Participation and Voting Behavior
Javier Baez (World Bank)
Adriana Camacho (Universidad de Los Andes)
Emily Conover (Hamilton College)
Roman A. Zarate (Universidad de los Andes)
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Compulsory Schooling in Turkey, Educational Attainment, and the Gender Gap
Jennifer Ward-Batts (Wayne State University)
Kaitlin Anitshin (Arturo Velasquez Institute)
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The Determinants and Consequences of School Choice Errors in Kenya
Adrienne Lucas (University of Delaware)
Isaac Mbiti (Southern Methodist University)
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Discussants:
Katheryn Russ (University of California-Davis)
Lori Beaman (Northwestern University)
Heather Royer (University of California-Santa Barbara)
Erica Groshen (Federal Reserve Bank of New York)
Jan 06, 2012 2:30 pm, Hyatt Regency, Grand Ballroom A
American Economic Association
In Remembrance of Alfred E. Kahn: Fred Kahn’s Impact on Deregulation and Regulatory Reform (L5)
Presiding: Paul Joskow (Alfred P. Sloan Foundation and Massachusetts Institute of Technology)
After Airline Deregulation and Alfred E. Kahn
Nancy L. Rose (Massachusetts Institute of Technology)
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Dynamic Pricing of Electricity
Paul L. Joskow (Alfred P. Sloan Foundation and Massachusetts Institute of Technology)
Catherine Wolfram (University of California-Berkeley)
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Telecommunications Deregulation
Jerry Hausman (Massachusetts Institute of Technology)
William Taylor (NERA)
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Darius Gaskin (EPRINC)
Clifford Winston (Brookings Institution)
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Discussants:
Sam Peltzman (University of Chicago)
Roger Noll (Stanford University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Columbus EF
American Economic Association
Incentives and Matching in Marriage and Dating Markets (J1)
Presiding: Gary Becker (University of Chicago)
Matching with a Handicap: The Economics of Marital Smoking
Pierre-André Chiappori (Columbia University)
Sonia Oreffice (University of Alicante)
Climent Quintana-Domeque (University of Alicante)
Peer Effects in Sexual Initiation: Separating Demand from Supply
Seth Richards-Shubik (Carnegie-Mellon University)
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Terms of Endearment: An Equilibrium Model Of Sex and Matching
Peter Arcidiacono (Duke University)
Andrew Beauchamp (Boston College)
Marjorie McElroy (Duke University)
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Dating Market Incentives to Improve Physical Appearance
Lorens Helmchen (George Mason University)
Timothy Classen (Loyola University Chicago)
Discussants:
Scott Cunningham (Baylor University)
Jeremy Fox (University of Michigan)
Aloysius Siow (University of Toronto)
John Cawley (Cornell University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Regency B
American Economic Association
Innovation in Insurance Coverage for Higher Value Care: Theory and Evidence (I1)
Presiding: Richard Frank (Harvard University)
Insuring the Health of Behavioral Consumers
Katherine Baicker (Harvard University)
Sendhil Mullainathan (Harvard University)
Joshua Schwartzstein (Dartmouth College)
Patient Cost-Sharing In Low Income Populations: Dispatch From Massachusetts
Amitabh Chandra (Harvard University)
Jonathan Gruber (Massachusetts Institute of Technology)
Robin McKnight (Wellesley College)
A Randomized Controlled Trial of Copayment Elimination for Blood Pressure Medication
Kevin Volpp (University of Pennsylvania)
Benefit Plan Generosity and Productivity
Michael Chernew (Harvard University)
Theresa Gibson (Thompson-Reuters)
Mark Fendrick (University of Michigan)
Discussants:
Richard Frank (Harvard University)
David Cutler (Harvard University)
Wesley Yin (Boston University)
Douglas Staiger (Dartmouth College)
Jan 06, 2012 2:30 pm, Hyatt Regency, Regency C
American Economic Association
International Trade and Macroeconomics (F4)
Presiding: Jonathan Eaton (Pennsylvania State University)
Linkages across Sovereign Debt Markets
Cristina Arellano (Federal Reserve Bank of Minneapolis)
Yan Bai (University of Rochester)
Staggered Adjustments and Trade Dynamics
Costas Arkolakis (Yale University)
Jonathan Eaton (Pennsylvania State University)
Samuel S Kortum (University of Chicago)
Export Dynamics in Large Devaluations
George Alessandria (Federal Reserve Bank of Philadelphia)
Sangeeta Pratap (Hunter College, City University of New York)
Vivian Yue (Federal Reserve Board)
Dynamics of Trade and Heterogeneity in General Equilibrium
Robert Dekle (University of Southern California)
Hyeok Jeong (KDI School of Public Policy and Management)
Nobuhiro Kiyotaki (Princeton University)
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Discussants:
Kim Ruhl (New York University)
Brent Neiman (University of Chicago)
George Alessandria (Federal Reserve Bank of Philadelphia)
Jan 06, 2012 2:30 pm, Hyatt Regency, Toronto
American Economic Association
Investment, Uncertainty, and Capital Structure (E2)
Presiding: Francois Gourio (Boston University)
What Explains the Lagged Investment Effect?
Janice Eberly (Northwestern University)
Sergio Rebelo (Northwestern University)
Nicolas Vincent (HEC Montreal)
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Equity Market Misvaluation and Firm Financial Policies
Missaka Warusawitharana (Federal Reserve Board)
Toni Whited (University of Rochester)
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Uncertainty, Financial Frictions, and Investment Dynamics
Simon Gilchrist (Boston University)
Jae Sim (Federal Reserve Board)
Egon Zakrajsek (Federal Reserve Board)
Stochastic Volatility, Credit Spreads, and the Q Theory of Investment
Francois Gourio (Boston University)
Michael Michaux (University of Southern California)
Discussants:
Rudi Bachmann (University of Michigan)
Jianjun Miao (Boston University)
Brent Glover (University of Pennsylvania and Carnegie Mellon University)
Lukas Schmid (Duke University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Acapulco
American Economic Association
Markov Switching DSGE Models, Theory and Applications (E1)
Presiding: Andrew Foerster (Federal Reserve Bank of Kansas City)
Monetary/Fiscal Policy Mix and Agents' Beliefs
Francesco Bianchi (Duke University)
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Perturbation Methods for Markov Switching Models
Juan Rubio-Ramirez (Duke University)
Andrew T. Foerster (Federal Reserve Bank of Kansas City)
Dan Waggoner (Federal Reserve Bank of Atlanta)
Tao Zha (Federal Reserve Bank of Atlanta)
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Financial Crises, Unconventional Monetary Policy Exit Strategies, and Agents' Expectations
Andrew T. Foerster (Federal Reserve Bank of Kansas City)
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The Fiscal Limit and Non-Ricardian Consumers
Alexander Richter (Indiana University)
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Discussants:
Chris Sims (Princeton University)
Alejandro Justiniano (Federal Reserve Bank of Chicago)
Taeyoung Doh (Federal Reserve Bank of Kansas City)
Seonghoon Cho (Yonsei University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Regency D
American Economic Association
New Challenges for Market Design (A1)
Presiding: Muriel Niederle (Stanford University)
Individual Rationality and Participation in Large Scale, Multi-Hospital Kidney Exchange
Itai Ashlagi (Massachusetts Institute of Technology)
Alvin E. Roth (Harvard Business School)
Holdout in the Assembly of Complements: A Problem for Market Design
Scott Duke Kominers (University of Chicago)
Eric Glen Weyl (University of Chicago)
[Download Preview]
Improving Efficiency in Matching Markets with Regional Caps: The Case of the Japan Residency Matching Program
Fuhito Kojima (Stanford University)
Yuichiro Kamada (Harvard University)
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Price Controls, Non-Price Quality Competition, and the Nonexistence of Competitive Equilibrium
John William Hatfield (Stanford University)
Charles R. Plott (California Institute of Technology)
Tomomi Tanaka (Arizona State University)
[Download Preview]
Discussants:
Parag Pathak (Massachusetts Institute of Technology)
Thomas Palfrey (California Institute of Technology)
Paul Milgrom (Stanford University)
Muriel Niederle (Stanford University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Columbus KL
American Economic Association
Research on College and University Economic Education (A2)
Presiding: Sam Allgood (University of Nebraska-Lincoln)
Why Don't Women Pursue a Major in Economics?
Tisha L.N. Emerson (Baylor University)
KimMarie McGoldrick (University of Richmond)
Kevin J. Mumford (Purdue University)
Does Adding Intermediate Algebra as a Prerequisite for Economics Principles Courses Improve Student Success?
Steven Balassi (Saint Mary's College of California)
Richard H. Courtney (Saint Mary's College of California)
William Lee (Saint Mary's College of California)
[Download Preview]
Revisiting How Departments of Economics Evaluate Teaching
William E. Becker (Indiana University and University of South Australia)
William Bosshardt (Florida Atlantic University)
Michael Watts (Purdue University)
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"Dude, Who's Your CL Leader?" Characteristics of Effective Collaborative Learning Leaders
Kim P. Huynh (Indiana University)
James K. Self (Indiana University)
Discussants:
Wendy Stock (Montana State University)
Georg Schaur (University of Tennessee)
Michael Salemi (University of North Carolina)
John Swinton (Georgia College & State University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Columbus IJ
American Economic Association
The Economics of Cognitive and Noncognitive Skills (I2)
Presiding: James Heckman (University of Chicago)
The Leaning Tower of PISA – Disentangling Ability and Motivation
Lex Borghans (Maastricht University)
Trudie Schils (Maastricht University)
Skill Segregation in the Swedish Economy
Erik Lindqvist (Stockholm University School of Economics)
Christina Håkanson (Stockholm University)
Jonas Vlachos (Stockholm University)
Conscientiousness as Human Capital: Perspectives from Research on Health and Life Span Development
Brent Roberts (University of Illinois)
[Download Preview]
Discussants:
James Heckman (University of Chicago)
Jan 06, 2012 2:30 pm, Hyatt Regency, Water Tower
American Economic Association
The Global Financial Crisis: Contagion and Cross-Country Linkages (F3)
Presiding: Kristin J. Forbes (Massachusetts Institute of Technology)
Capital Flows, Push versus Pull Factors and the Global Financial Crisis
Marcel Fratzscher (European Central Bank)
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Crisis Transmission: Micro-Evidence from International Mutual Funds
Sergio Schmukler (World Bank)
Claudio Raddatz (World Bank)
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From the Financial Crisis to the Real Economy: Using Firm-Level Data to Identify Transmission Channels
Stijn Claessens (International Monetary Fund)
Hui Tong (International Monetary Fund)
Shang Jin Wei (Columbia Univeristy)
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ABS Inflows and the Global Financial Crisis
Carol Bertaut (Federal Reserve Board)
Laurie Pounder (Federal Reserve Board)
Steve Kamin (Federal Reserve Board)
Ralph Tryon (Federal Reserve Board)
[Download Preview]
Leverage Across Firms Banks and Countries
Sebnem Kalemli-Ozcan (University of Houston)
Bent Sorensen (University of Houston)
[Download Preview]
Jan 06, 2012 2:30 pm, Hyatt Regency, Grand Ballroom CD North
American Economic Association
The Political Economy of Macroeconomic Crisis Response (E6)
Presiding: Steven Davis (University of Chicago)
The Political Economy of Managing the European Debt Crisis
Francesco Caselli (London School of Economics)
Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises
Francesco Trebbi (University of British Columbia)
Atif Mian (University of California-Berkeley)
Amir Sufi (University of Chicago)
[Download Preview]
Economists' Capture
Luigi Zingales (University of Chicago)
Jan 06, 2012 2:30 pm, Hyatt Regency, Crystal B
American Economic Association
The Political Economy of U.S. Debt and Deficits (H6) (Panel Discussion)
Panel Moderator: Alan Auerbach (University of California-Berkeley)
Alan Blinder (Princeton University)
Douglas Holtz-Eakin (American Action Forum)
Rudolph Penner (Urban Institute)
Alice Rivlin (Brookings Institution)
Jan 06, 2012 2:30 pm, Swissotel, Vevey 1
Association of Environmental & Resource Economists/American Economic Association
The Implications of Recent Behavioral Economics Advances for Environmental Policy (Q5) (Panel Discussion)
Panel Moderator: Jinhua Zhao (Michigan State University)
B. Douglas Bernheim (Stanford University)
Jack Knetsch (Simon Fraser University)
John List (University of Chicago)
Tanya Rosenblat (Iowa State University)
Jay Shogren (University of Wyoming)
Jinhua Zhao (Michigan State University)
V. Kerry Smith (Arizona State University)
Jan 06, 2012 2:30 pm, Hyatt Regency, Columbian
International Association for Energy Economics/American Economic Association
Energy Commodity Prices, Capital Flows and Balance of Payments (Q4) (Panel Discussion)
Panel Moderator: Kenneth Medlock (Rice University)
Pier Carlo Padoan (Organization of Economic Cooperation and Development)
Mahmoud El Gamal (Rice University)
Francis E. Warnock (University of Virginia)
Jan 06, 2012 2:30 pm, Hyatt Regency, Skyway 269
National Association for Business Economics/American Economic Association
The U.S. and Global Economic Outlook (E6) (Panel Discussion)
Panel Moderator: Kevin Kliesen (Federal Reserve Bank of St. Louis)
Don Johnson (Caterpillar)
Sara Johnson (IHS Global Insight)
Catherine L. Mann (Brandeis University)
John Silvia (Wells Fargo)
Charles Steindel (New Jersey Department of the Treasury)
Jan 06, 2012 2:30 pm, Swissotel, Zurich G
Society for Policy Modeling/American Economic Association
A New International Monetary Order? (F3)
Presiding: Dominick Salvatore (Fordham University)
Implications of the Euro's Crisis for International Monetary Reform
Barry Eichengreen (University of California-Berkeley)
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Worldwide Inflation and International Monetary Reform: Exchange Rates or Interest Rates?
Ronald McKinnon (Stanford University)
[Download Preview]
The Case for a World Currency
Robert Mundell (Columbia University)
The Dollar, Euro, and Yuan in the International Monetary System
Michael Mussa (Peterson Instiutute for International Economics)
Discussants:
Dominick Salvatore (Fordham University)
Jan 06, 2012 4:45 pm, Hyatt Regency, Grand Ballroom F
American Economic Association
Richard T. Ely Lecture
Presiding: Christopher Sims (Princeton University)
Maurice Obstfeld (University of California - Berkeley)
Jan 06, 2012 8:00 pm, Hyatt Regency, Crystal B
American Economic Association
Music Session (Z1)
Presiding: Christopher Sims (Princeton University)
8:00 PM, (Neo) Classical Trio
Eric Maskin (Clarinet)
Harel Gietheim (Cello)
Kanako Nishikawa (Piano)
9:00 PM, Outliers Jazz
Boyan Jovanovic (Piano)
Richard Levich (Drums)
Gary Walton (Saxophone)
Hal White (Trumpet)
Stephen Wu (Bass)
10:00 PM, The Contractions Rock

Jan 07, 2012

Jan 07, 2012 8:00 am, Hyatt Regency, Atlanta
American Economic Association
AEA Committee on the Status of Minority Groups in the Economics Profession--Dissertation Session (J1)
Presiding: Marie Mora (University of Texas-Pan American)
Debt, Cohabitation and Marital Timing in Young Adulthood
Fenaba Addo (Cornell University)
Do Women's Autonomy, Decision-Making Ability and Attitudes Matter as Deterrents for Domestic Violence? Evidence from the Dominican Republic
Cruz Bueno (University of Massachusetts-Amherst)
The Effectiveness of Abstinence-Only Sex Education in Alabama
Sondra Collins (University of Southern Mississippi)
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Marital Separation and Women's School Investment
Reginald Covington (Cornell University)
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The Role of Liquidity on the Price Discovery of ADRs: Evidence from Latin America
Alma D. Hales (University of Texas-Pan American)
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Discussants:
Mark Hugo Lopez (Pew Hispanic Center)
Gary Hoover (University of Alabama)
Sue Stockly (Eastern New Mexico University)
Don Fullerton (University of Illinois)
Fernando Lozano (Pomona College)
Jan 07, 2012 8:00 am, Hyatt Regency, Grand Suite 3
American Economic Association
Consumer Rationality and Financial Decision Making (D1)
Presiding: Christopher Carroll (Johns Hopkins University)
Self Control and Liquidity: How to Design a Commitment Contract
John Beshears (Stanford University)
James Choi (Yale School of Management)
David Laibson (Harvard University)
Brigitte Madrian (Harvard University)
Jung Sakong (NBER)
[Download Preview]
Borrowing High vs. Borrowing Higher: Sources and Consequences of Dispersion in Individual-Level Borrowing Costs
Victor Stango (University of California-Davis)
Jonathan Zinman (Dartmouth College)
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Why Do Women Not Say No?
Stefano DellaVigna (University of California-Berkeley)
John List (University of Chicago)
Ulrike Malmendier (University of California, Berkeley)
Why Do Consumers Use Debit Cards When They Have Credit Cards?
Sumit Agarwal (Federal Reserve Bank of Chicago)
Amit Bubna (Indian School of Business)
Molly Lipscomb (University of Notre Dame)
Discussants:
Stefano DellaVigna (University of California-Berkeley)
John Driscoll (Federal Reserve Board)
Molly Lipscomb (University of Notre Dame)
Jonathan Zinman (Dartmouth College)
Rachel Croson (University of Texas-Dallas)
Jan 07, 2012 8:00 am, Hyatt Regency, Columbus CD
American Economic Association
Correct Measurement of International Financial and Trade Flows (F1)
Presiding: Sebnem Kalemli-Ozcan (Koc University and University of Houston)
External Wealth of Nations: What Are We Missing?
Philip R. Lane (Trinity College Dublin)
Gian Maria Milesi-Ferretti (International Monetary Fund)
On Returns Differentials
Stephanie E. Curcuru (Federal Reserve Board)
Charles P. Thomas (Federal Reserve Board)
Francis E. Warnock (University of Virginia)
How to Measure FDI and Portfolio Equity Investment? Integrating Micro and Macro Data
Sebnem Kalemli-Ozcan (Koc University and University of Houston)
Bent Sorensen (University of Houston and NBER)
The Value-added Structure of Gross Exports:Measuring Revealed Comparative Advantage by Domestic Content in Exports
Robert Koopman (U.S. International Trade Commission)
William Powers (U.S. International Trade Commission)
Zhi Wang (U.S. International Trade Commission)
Shang-Jin Wei (Columbia University)
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Discussants:
Andrew Rose (University of California-Berkeley)
Ralph Koijen (University of Chicago)
Alp Simsek (Harvard University)
Robert C. Johnson (Dartmouth College)
Jan 07, 2012 8:00 am, Hyatt Regency, Toronto
American Economic Association
Credit Frictions and Time-Variant Uncertainty (E2)
Presiding: Nathan Balke (Southern Methodist University and Federal Reserve Bank of Dallas)
Privately Optimal Contracts and Sub-optimal Outcomes in a Model of Agency Costs
Charles Carlstrom (Federal Reserve Bank of Cleveland)
Timothy S Fuerst (Bowling Green State University and Federal Reserve Bank of Cleveland)
Matthias Paustian (Bank of England)
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Really Uncertain Business Cycles
Nicholas Bloom (Stanford University)
Max Floetotto (Stanford University)
Nir Jaimovich (Duke University)
Itay Saporta (Stanford University)
Stephen Terry (Stanford University)
[Download Preview]
Credit-Uncertainty Cycle
Nathan Balke (Southern Methodist University and Federal Reserve Bank of Dallas)
Enrique Martinez-Garcia (Federal Reserve Bank of Dallas)
Zheng Zeng (Bowling Green State University)
[Download Preview]
Fiscal Uncertainty and Economic Activity
Jesus Fernandez-Villaverde (University of Pennsylvania)
Pablo Guerron (Federal Reserve Bank of Philadelphia)
Keith Kuester (Federal Reserve Bank of Philadelphia)
Juan Rubio-Ramirez (Duke University)
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Discussants:
Enrique Martinez-Garcia (Federal Reserve Bank of Dallas)
Sami Alpanda (Bank of Canada)
Egon Zakrajsek (Federal Reserve Board)
Nathan Balke (Southern Methodist University and Federal Reserve Bank of Dallas)
Jan 07, 2012 8:00 am, Hyatt Regency, Regency C
American Economic Association
Digitization and New Research Directions: Copyright, Privacy, and User-Generated Content (O3)
Presiding: Joel Waldfogel (University of Minnesota)
Copyright in the Digital Age: Moving from Piracy to the Supply of New Products
Joel Waldfogel (University of Minnesota)
[Download Preview]
Is Wikipedia Biased?
Shane Greenstein (Northwestern University)
Feng Zhu (University of Southern California)
[Download Preview]
Technology, Age, and Shifting Privacy Concerns
Avi Goldfarb (University of Toronto)
Catherine Tucker (Massachusetts Institute of Technology)
[Download Preview]
Jan 07, 2012 8:00 am, Hyatt Regency, Acapulco
American Economic Association
Endogenous Legal and Regulatory Institutions: Theory and Evidence (K1)
Presiding: Carmine Guerriero (ACLE and University of Amsterdam)
The Good Faith Purchaser: Markets, Culture and the Legal System
Giuseppe Dari-Mattiacci (ACLE and University of Amsterdam)
Carmine Guerriero (ACLE and University of Amsterdam)
Zhenxing Huang (University of Rotterdam)
[Download Preview]
On the Benefits and Costs of Legal Expertise: Adjudication in Ancient Athens
Robert K. Fleck (Montana State University)
Andy F. Hanssen (Clemson University)
[Download Preview]
Regulation versus Taxation
Alberto Alesina (Harvard University)
Francesco Passarelli (Bocconi University)
[Download Preview]
Democratization and civic capital
Luigi Guiso (European University Institute)
Paolo Pinotti (Bocconi University)
[Download Preview]
Discussants:
Paolo Pinotti (Bank of Italy)
Francesco Passarelli (Bocconi University)
Carmine Guerriero (ACLE and University of Amsterdam)
Andy F. Hanssen (Clemson University)
Jan 07, 2012 8:00 am, Hyatt Regency, Regency B
American Economic Association
Exploiting Experiments and Quasi-Experiments to Identify Gender Related Outcomes (Y9)
Presiding: Tracy Regan (University of Arizona)
Identification of the Effect of Depression on Risky Sexual Behavior: Exploiting a Natural Experiment
Susan Averett (Lafayette College)
Yang Wang (Lafayette College)
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The Effects of Intrauterine Malnutrition on Birth and Fertility Outcomes: Evidence from the 1974 Bangladesh Famine
Christina Peters (Metropolitan State College of Denver)
Rey Hernandez-Julian (Metropolitan State College of Denver)
Hani Mansour (University of Colorado-Denver)
[Download Preview]
Who's the Boss at Home after Receiving Conditional Cash Transfers?
Adriana Camacho (University of the Andes)
Catherine Rodriguez (University of the Andes)
[Download Preview]
Does Gender Matter for Academic Promotion? Evidence from a Randomized Natural Experiment
Natalia Zinovyeva (Institute of Public Goods and Policies)
Manuel Bagues (Carlos III University)
[Download Preview]
Discussants:
Catalina Almuedo-Dorantes (San Diego State University)
Martha Bailey (University of Michigan)
Todd Sorensen (University of California-Riverside)
Dina Shatnawi (U.S. Naval Postgraduate School)
Jan 07, 2012 8:00 am, Hyatt Regency, Grand Ballroom B
American Economic Association
Financial Reform - What's Really Needed? (G2)
Presiding: Neil Wallace (Pennsylvania State University)
The Safe-Asset Share
Gary Gorton (Yale University)
Andrew Metrick (Yale University)
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Three Principles for Market-Based Credit Regulation
Perry Mehrling (Barnard College)
[Download Preview]
Limited Purpose Banking -- Moving from Trust Me to Show Me Banking
Laurence Kotlikoff (Boston University)
[Download Preview]
Discussants:
Robert Shiller (Yale University)
Neil Wallace (Pennsylvania State University)
Jan 07, 2012 8:00 am, Hyatt Regency, Stetson Suite FG
American Economic Association
Formation of Cognitive and Non-cognitive Skills and Social Preferences (C9)
Presiding: William Harbaugh (University of Oregon)
Effects of Parental Background on Other-Regarding Preferences in Children
Michal Bauer (Charles University in Prague and CERGE-EI)
Julie Chytilová (Charles University in Prague)
Barbara Pertold Gebicka (Charles University in Prague and Aarhus University)
[Download Preview]
Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
Matthias Sutter (University of Innsbruck and University of Gothenburg)
Daniela Rützler (University of Innsbruck)
Martin Kocher (University of Munich)
Stefan Trautmann (University of Tilburg)
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Explaining Gender Differences in Competitiveness
Ingvild Almås (Norwegian School of Economics and Business Administration)
Alexander Cappelen (Norwegian School of Economics and Business Administration)
Kjell Gunnar Salvanes (Norwegian School of Economics and Business Administration)
Erik O. Sorensen (Norwegian School of Economics and Business Administration)
Bertil Tungodden (Norwegian School of Economics and Business Administration)
[Download Preview]
Patience and Coordination in the Repeated Stag Hunt
Omar Al-Ubaydli (George Mason University)
Garett Jones (George Mason University)
Jaap Weel (George Mason University)
[Download Preview]
Discussants:
William Harbaugh (University of Oregon)
David Cooper (Florida State University)
Colin Camerer (California Institute of Technology)
Shane Frederick (Yale University)
Jan 07, 2012 8:00 am, Hyatt Regency, Grand Suite 5
American Economic Association
Insights from Financial History (N2)
Presiding: Michael Bordo (Rutgers)
Domestic Exchange Rate Determination in Early Renaissance Florence
Geoffrey Booth (Michigan State University)
Sanders Chang (University of Dayton)
[Download Preview]
A Unified Italy? Sovereign Debt and Investor Scepticism
Stephanie Collet (London School of Economics and Universite Libre de Bruxelles)
[Download Preview]
130 Years of Fiscal Vulnerabilities and Currency Crashes in Advanced Economies
Marcel Fratzscher (European Central Bank)
Arnaud Jerome Mehl (European Central Bank)
Isabel Vansteenkiste (European Central Bank)
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Monetary policy without interest rates. An evaluation of quantitative controls during France's Golden Age, 1945-1973
Eric Monnet (Paris School of Economics)
[Download Preview]
If financial development matters, then how? National banks in the United States 1870--1900
Scott L. Fulford (Boston College)
[Download Preview]
Jan 07, 2012 8:00 am, Hyatt Regency, Columbus G
American Economic Association
Labor Economics (J0)
Presiding: Virginia Wilcox-Gok (Northern Illinois University)
How Does Share Ownership Affect Employee Behaviour? Evidence from a Multinational Corporation
Alex Bryson (NIESR)
Richard Freeman (NBER)
[Download Preview]
The Sources of Wage Variation: A Three-Way High-Dimensional Fixed Effects Model
Sónia Torres (Statistics Portugal)
Pedro Portugal (Banco de Portugal and Universidade Nova de Lisboa)
John Addison (University of South Carolina)
Paulo Guimarães (University of South Carolina)
[Download Preview]
The Effect of Endogenous Human Capital Accumulation on Optimal Taxation
William Peterman (University of California-San Diego)
[Download Preview]
Jan 07, 2012 8:00 am, Hyatt Regency, Water Tower
American Economic Association
Labor Market Analysis with Linked-Employer-Employee-Data (J3)
Presiding: Jean Marc Robin (Sciences Po and University College London)
Tenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics
Jesper Bagger (Royal Holloway, University of London)
Francois Fontaine (University of Nancy and Strasbourg University)
Fabien Postel-Vinay (Bristol University and Paris School of Economics)
Jean-Marc Robin (Sciences Po and University College London)
[Download Preview]
Returns to Tenure or Seniority?
Sebastian Buhai (Aarhus University and Northwestern University)
Miguel Portela (University of Minho)
Coen Teulings (CPB Netherlands Bureau of Economic Analysis and University of Amsterdam)
Aico van Vuuren (Free University of Amsterdam)
[Download Preview]
Sorting and Earnings Dispersion Within and Between Firms
Rafael Lopes de Melo (University of Chicago)
[Download Preview]
Understanding the Sources of Long-Term Earnings Losses after Job Loss
Johannes Schmieder (Boston University)
Till von Wachter (Columbia University)
Stefan Bender (Institute for Employment Research)
Discussants:
Joseph Altonji (Yale University)
Francis Kramarz (CREST-INSEE and Ecole Polytechnique)
Jeremy Lise (University College London)
Fabien Postel-Vinay (Bristol University)
Jan 07, 2012 8:00 am, Hyatt Regency, Gold Coast
American Economic Association
Macroeconomic Effects of Households Heterogeneity (E2)
Presiding: Marco Cozzi (Queen's University)
Risk Aversion Heterogeneity, Risky Jobs and Wealth Inequality
Marco Cozzi (Queen's University)
[Download Preview]
A Quantitative Analysis of Unemployment Benefit Extensions
Makoto Nakajima (Federal Reserve Bank of Philadelphia)
[Download Preview]
Durable Goods, Borrowing Constraints and Consumption Insurance
Josep Pijoan-Mas (CEMFI)
Enzo Cerletti (CEMFI)
[Download Preview]
Household Responses to Individual Shocks: Disability, Labour Supply and Marriage
Giovanni Gallipoli (University of British Columbia)
Laura Turner (University of Toronto)
[Download Preview]
Discussants:
Josep Pijoan Mas (CEMFI)
Marco Cozzi (Queen's University)
Makoto Nakajima (Federal Reserve Bank of Philadelphia)
Eric French (Federal Reserve Bank of Chicago)
Jan 07, 2012 8:00 am, Hyatt Regency, Columbus EF
American Economic Association
Monetary Policy Decision-Making by Committees: Managing Risks versus Managing Uncertainty (E5)
Presiding: Francesco Mongelli (European Central Bank and Goethe University Frankfurt)
Monetary Policy Decision-Making by Committees: Normal Times versus Crisis Times
Alexander Jung (European Central Bank)
Francesco P. Mongelli (European Central Bank and Goethe University Frankfurt)
Dissent at the FOMC
Petra Gerlach-Kristen (Economic and Social Research Institute, Ireland)
Ellen Meade (American University)
Alessandro Riboni (University of Montreal)
Francisco Ruge-Murcia (University of Montreal)
Member Type and Tenure Effects in the Bank of England's MPC
Jan-Marc Berk (De Nederlandsche Bank)
Beata Bierut (De Nederlandsche Bank)
Ellen Meade (American University)
[Download Preview]
An International Comparison of Voting by Committees
Alexander Jung (European Central Bank)
[Download Preview]
Discussants:
Alexander Jung (European Central Bank)
Francisco Ruge-Murcia (University of Montreal)
Jan-Marc Berk (De Nederlandsche Bank)
Beata Bierut (De Nederlandsche Bank)
Jan 07, 2012 8:00 am, Hyatt Regency, Hong Kong
American Economic Association
Philanthropy (L3)
Presiding: Jessica Holmes (Middlebury College)
Transactions Costs and Social Distance in Philanthropy: Evidence from a Field Experiment
Jonathan Meer (Texas A&M University)
Oren Rigbi (Ben-Gurion University)
[Download Preview]
Do Charitable Subsidies Crowd Out Political Giving? The Missing Link between Charitable and Political Contributions
Baris K. Yoruk (University at Albany, SUNY)
[Download Preview]
The impact of charitable subsidies on religious giving and attendance: Evidence from panel data
Baris K Yoruk (University at Albany, SUNY)
[Download Preview]
Charity Hazard in Crop Insurance
Tatyana Deryugina (Massachusetts Institute of Technology)
Barrett Kirwan (University of Illinois-Urbana-Champaign)
[Download Preview]
How Do Nonprofits Respond to Quality Disclosure? Evidence from Nonprofit Nursing Homes
Feng Lu (University of Rochester)
[Download Preview]
Jan 07, 2012 8:00 am, Hyatt Regency, Columbus KL
American Economic Association
Price Theory and Market Design (D4)
Presiding: Eric Budish (University of chicago)
Market Power Screens Willingness-to-Pay
Eric Glen Weyl (University of Chicago)
Jean Tirole (Toulouse School of Economics)
[Download Preview]
The Form of Incentive Contracts: Agency with Moral Hazard, Risk Neutrality, and Limited Liability
Joaquín Poblete (London School of Economics)
Daniel Spulber (Northwestern University)
[Download Preview]
A Supply and Demand Framework for Two-Sided Matching Markets
Eduardo M Azevedo (Harvard University)
Jacob Leshno (Harvard Business School)
[Download Preview]
Multilateral Matching
John William Hatfield (Stanford University)
Scott Duke Kominers (University of Chicago)
[Download Preview]
Discussants:
Pierre-Andre Chiappori (Columbia University)
David Sraer (Princeton University)
Theodore Bergstrom (University of California-Santa Barbara)
Ali Hortacsu (University of Chicago)
Jan 07, 2012 8:00 am, Hyatt Regency, Buckingham
American Economic Association
Quality, Information, and Regulation (L5)
Presiding: Marc Santugini (Institute of Applied Economics and CIRPEE, HEC Montreal)
Privacy Regulation and Market Structure
James Campbell (University of Toronto)
Avi Goldfarb (University of Toronto)
Catherine Tucker (Massachusetts Institute of Technology)
[Download Preview]
Regulating a Monopolist with Unverifiable Quality
Kevin Pflum (Ohio State University)
[Download Preview]
Competitive Investment in Clean Technology and Uninformed Green Consumers
Aditi Sengupta (Southern Methodist University)
[Download Preview]
Information in Cournot: Signaling with Incomplete Control
Marc Santugini (Institute of Applied Economics and CIRPEE, HEC Montreal)
Wassim Daher (Gulf University for Science and Technology)
Leonard Mirman (University of Virginia)
[Download Preview]
Discussants:
Kevin Pflum (Ohio State University)
Aditi Sengupta (Southern Methodist University)
Marc Santugini (Institute of Applied Economics and CIRPEE, HEC Montreal)
James Campbell (University of Toronto)
Jan 07, 2012 8:00 am, Hyatt Regency, Grand Ballroom A
American Economic Association
The Effects of Personality on Labor Market and Health Outcomes (J1)
Presiding: James Heckman (University of Chicago)
Transmission of Inequality - Maternal Skills, Behavior and Birth Outcomes
Gabriella Conti (University of Chicago)
Pia Dovern-Pinger (University of Mannheim, ZEW)
James J. Heckman (University of Chicago)
Arianna Zanolini (University of Chicago)
Conscientiousness, Education, and Longevity of High-Ability Individuals
Peter A. Savelyev (Vanderbilt University)
[Download Preview]
Constructing Economically Justified Aggregates: An Application to the Early Origins of Health
Gabriella Conti (University of Chicago)
James J. Heckman (University of Chicago)
Hedibert F. Lopez (University of Chicago)
Remi Piatek (University of Chicago)
The Effects of Education, Personality, and IQ on Earnings of High-Ability Individuals
Miriam Gensowski (University of Chicago)
James J. Heckman (University of Chicago)
Peter A. Savelyev (Vanderbilt University)
Discussants:
Heather Royer (University of California-Santa Barbara)
Donald Kenkel (Cornell University)
Frank Windmeijer (University of Bristol)
Deborah Cobb-Clark (University of Melbourne)
Jan 07, 2012 8:00 am, Hyatt Regency, Crystal A
American Economic Association
Trade and Labor Markets: Evidence from Matched Employer-Employee Data (F1)
Presiding: Robert Feenstra (University of California-Davis)
Trade Liberalization, Firm Heterogeneity, and Wages: New Evidence from Matched Employer-Employee Data
Pravin Krishna (Johns Hopkins University)
Jennifer Poole (University of California-Santa Cruz)
Mine Zeynep Senses (Johns Hopkins University)
Offshoring, Transition, and Training: Evidence from Danish Matched Worker-Firm Data
David Hummels (Purdue University)
Jakob Munch (University of Copenhagen)
Chong Xiang (Purdue University)
[Download Preview]
Liberalized Trade and Worker-Firm Matching
Carl Davidson (Michigan State University)
Fredrik Heyman (Research Institute of Industrial Economics (IFN))
Steven Matusz (Michigan State University)
Fredrik Sjöholm (Research Institute of Industrial Economics (IFN))
Susan Chun Zhu (Michigan State University)
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Exports and Wage Premia: Evidence from Mexican Employer-Employee Data
Judith Frias (Instituto Mexicano del Seguro Social)
David Kaplan (Inter-American Development Bank)
Eric Verhoogen (Columbia University)
Discussants:
Oleg Itskhoki (Princeton University)
Mine Z. Senses (Johns Hopkins University)
Kerem Cosar (University of Chicago)
Marc Muendler (University of California-San Diego)
Jan 07, 2012 8:00 am, Hyatt Regency, Columbus IJ
American Economic Association
What Economics Should We Teach Before Students Enter College: The Voluntary National Content Standards in Economics and the AP? (A2) (Panel Discussion)
Panel Moderator: David Colander (Middlebury College)
James Gwartney (Floriday State University)
Richard MacDonald (St. Cloud State University)
Stephen Marglin (Harvard University)
Deirdre McCloskey (University of Illinois-Chicago)
John Siegfried (Vanderbilt University)
Helen Roberts (University of Illinois-Chicago)
Jan 07, 2012 10:15 am, Hyatt Regency, Crystal A
American Economic Association
Attention and Choice (D8)
Presiding: David Laibson (Harvard University)
Inattentive Choice
Michael Woodford (Columbia University)
[Download Preview]
Sparsity-Based Modeling of Bounded Rationality: A Simple Formulation for Empirical Work
Xavier Gabaix (New York University)
[Download Preview]
Salience in Experimental Tests of the Endowment Effect
Pedro Bordalo (Harvard University)
Nicola Gennaioli (CREI)
Andrei Shleifer (Harvard University)
[Download Preview]
Discussants:
Daniel Kahneman (Princeton University)
Jan 07, 2012 10:15 am, Hyatt Regency, Columbus G
American Economic Association
Bank Risk (G2)
Presiding: Karlyn Mitchell (North Carolina State University)
Success-Driven Skill-Inferences and Financial Crises
Anjan V. Thakor (Washington University in St. Louis)
[Download Preview]
The Role of Interbank Relationships and Liquidity Needs
Ben Craig (Federal Reserve Bank of Cleveland)
Falko Fecht (European Business School)
Gunseli Tumer Alkan (VU University Amsterdam)
[Download Preview]
Information Acquisition in Rumor-Based Bank Runs
Zhiguo He (University of Chicago)
Asaf Manela (University of Chicago)
[Download Preview]
(Inter-state) Banking and (Inter-state) Trade: Does Real Integration Follow Financial Integration?
Tomasz Michalski (HEC Paris)
Evren Ors (HEC Paris)
[Download Preview]
Syndication, Interconnectedness, and Systemic Risk
Jian Cai (Washington University in St. Louis)
Anthony Saunders (New York University)
Sascha Steffen (ESMT European School of Management and Technology)
[Download Preview]
Jan 07, 2012 10:15 am, Hyatt Regency, Columbus CD
American Economic Association
Coping with Economic and Environmental Shocks: Institutions and Outcomes (N6)
Presiding: Robert Fogel (University of Chicago and NBER)
Migration and Natural Disasters: Evidence from the 1920s
Leah Boustan (University of California-Los Angeles)
Matthew Kahn (University of California-Los Angeles)
Paul W. Rhode (University of Arizona)
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Nature versus Nurture: The Environment's Persistent Influence through the Modernization of American Agriculture
Richard Hornbeck (Harvard University)
[Download Preview]
Adaptation to Climate Change in pre-industrial Iceland
Matthew Turner (University of Toronto)
Jeffrey Rosenthal (University of Toronto)
Jian Chen (University of Toronto)
Chunyan Hao (University of Toronto)
[Download Preview]
Discussants:
Joseph Ferrie (Northwestern University)
Robert Topel (University of Chicago)
David Zilberman (University of California-Berkeley)
Jan 07, 2012 10:15 am, Hyatt Regency, Regency B
American Economic Association
Currency Unions and Macroeconomic Policies (F4)
Presiding: Kenneth West (University of Wisconsin)
Real Exchange Rate Adjustment In and Out of the Eurozone
Charles Engel (University of Wisconsin-Madison)
Michael Devereux (University of British Columbia)
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Fiscal Consolidation in an Open Economy
Jesper Linde (Federal Reserve Board)
Christopher Erceg (Federal Reserve Board)
[Download Preview]
Optimal Capital Controls in a Currency-Peg Economy
Martin Uribe (Columbia University)
Stephanie Schmitt-Grohe (Columbia University)
Discussants:
Brent Neiman (University of Chicago)
Jordi Gali (Universitat Pompeu Fabra)
Andrew Rose (University of California-Berkeley)
Jan 07, 2012 10:15 am, Hyatt Regency, Grand Ballroom B
American Economic Association
Empirical Evidence on Exchange Rates (F3)
Presiding: Marcel Fratzscher (European Central Bank)
Can Oil Prices Forecast Exchange Rates?
Barbara Rossi (Duke University)
Kenneth Rogoff (Harvard University)
Domenico Ferraro (Duke University)
[Download Preview]
Conditional Exchange Rate Risk Premia
Martin Lettau (University of California-Berkeley)
Matteo Maggiori (University of California-Berkeley)
Michael Weber (University of California-Berkeley)
Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?
Pau Rabanal (International Monetary Fund)
Juan F. Rubio-Ramirez (Duke University)
[Download Preview]
The Contributions of Economic Fundamentals to Movements in Exchange Rates
Jun Ma (University of Alabama)
Nathan S. Balke (Southern Methodist University and Federal Reserve Bank of Dallas)
Mark E. Wohar (University of Nebraska at Omaha)
[Download Preview]
Market News, Central Bank Priorities, and Exchange Rates
Linda S. Goldberg (Federal Reserve Bank of New York)
Christian Grisse (Federal Reserve Bank of New York)
Jan 07, 2012 10:15 am, Hyatt Regency, Toronto
American Economic Association
Family Structure and Intra-household Bargaining: Causes and Consequences (Y9)
Presiding: Erica Field (Duke University)
Kinship and Financial Networks, Formal Financial Access and Risk Reduction
Cynthia Kinnan (Northwestern University)
Robert Townsend (Massachusetts Institute of Technology)
[Download Preview]
Female Labor Supply and Intra-Household Bargaining Power
Francisca Antman (University of Colorado-Boulder)
[Download Preview]
Credit to Women Entrepreneurs: The Curse of the Trustworthier Sex
Isabelle Agier (Universite Paris I Sorbonne)
Ariane Szafarz (Universite Libre de Bruxelles)
[Download Preview]
Property Rights and Intra-household Bargaining
Shing-Yi Wang (New York University)
[Download Preview]
Discussants:
Santosh Anagol (University of Pennsylvania)
Elizabeth Brainard (Brandeis University)
Margaret McConnell (Harvard University)
Nancy Qian (Yale University)
Jan 07, 2012 10:15 am, Hyatt Regency, Acapulco
American Economic Association
Financial Frictions and the Business Cycle (E4)
Presiding: Markus Brunnermeier (Princeton University)
Asset markets with heterogenoeus information
Pablo Kurlat (Stanford University)
[Download Preview]
Maturity Rationing
Konstantin Milbradt (Massachusetts Institute of Technology)
Martin Oehmke (Columbia University)
[Download Preview]
Aggregate Implications of a Credit Crunch
Benjamin Moll (Princeton University)
Francisco Buera (Federal Reserve Bank of Minneapolis)
[Download Preview]
Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
Tobias Adrian (Federal Reserve Bank of New York)
Paolo Colla (Bocconi University)
Hyun Song Shin (Princeton University)
[Download Preview]
Discussants:
Peter Kondor (Central European University)
Zhiguo He (University of Chicago)
Guido Lorenzoni (Massachusetts Institute of Technology)
Simon Gilchrist (Boston University)
Jan 07, 2012 10:15 am, Hyatt Regency, Columbus KL
American Economic Association
Health Insurance and Health Care Practice (I1)
Presiding: Amy Finkelstein (Massachusetts Institute of Technology)
The Oregon Medicaid Experiment: Evidence from the first year
Amy N Finkelstein (Massachusetts Institute of Technology)
Sarah Taubman (NBER)
Jonathan Gruber (Massachusetts Institute of Technology)
Joseph Newhouse (Harvard University)
Kate Baicker (Harvard University)
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Bankruptcy as Implicit Health Insurance
Neale Mahoney (Stanford University)
[Download Preview]
Distinguishing Overuse, Underuse, and Expertise in Health Care
Amitabh Chandra (Harvard University)
Douglas Staiger (Dartmouth College)
Discussants:
Mark Duggan (University of Maryland)
Tal Gross (Columbia University)
Matthew Notowidigdo (University of Chicago)
Jan 07, 2012 10:15 am, Hyatt Regency, Regency D
American Economic Association
Innovation and Growth (O4)
Presiding: Daron Acemoglu (Massachusetts Institute of Technology)
The Allocation of Talent and U.S. Economic Growth
Chang-Tai Hsieh (University of Chicago)
Erik Hurst (University of Chicago)
Charles I. Jones (Stanford University)
Peter J. Klenow (Stanford University)
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Cyclical Macro Policy and Industry Growth
Philippe Aghion (Harvard University)
Emmanuel Farhi (Harvard University)
Enisse Kharroubi (Bank for International Settlements)
Innovation, Reallocation and Growth
Daron Acemoglu (Massachusetts Institute of Technology)
Ufuk Akcigit (University of Pennsylvania)
Nick Bloom (Stanford University)
William Kerr (Harvard University)
The Slow Growth of New Plants: Learning about Demand?
Lucia Foster (Bureau of the Census)
John Haltiwanger (University of Maryland)
Chad Syverson (University of Chicago)
[Download Preview]
Jan 07, 2012 10:15 am, Hyatt Regency, Water Tower
American Economic Association
Measurement Issues in Finance and Productivity (G2)
Presiding: Randall Kroszner (University of Chicago and NBER)
Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy
Lisa Chen (Federal Reserve Board)
Kathleen W. Johnson (Federal Reserve Board)
Arthur Kennickell (Federal Reserve Board)
The Measurement of Banking Services in the System of National Accounts
W. Erwin Diewert (University of British Columbia and University of New South Wales)
Dennis Fixler (U.S. Bureau of Economic Analysis)
Kimberly Zieschang (International Monetary Fund)
[Download Preview]
Measuring Non-Production and Supervisory Hours for Productivity Measurement
Lucy Eldridge (U.S. Bureau of Labor Statistics)
Sabrina Pabilonia (U.S. Bureau of Labor Statistics)
Jay Stewart (U.S. Bureau of Labor Statistics)
Measuring State-Level Productivity in the Private Business Sector
Susan Fleck (U.S. Bureau of Labor Statistics)
Discussants:
Peter Rousseau (Vanderbilt University)
Robert Inklaar (University of Groningen)
Jason Faberman (Federal Reserve Bank of Chicago)
John Fernald (Federal Reserve Bank of San Francisco)
Jan 07, 2012 10:15 am, Hyatt Regency, Grand Ballroom CD North
American Economic Association
Measuring Systemic Risk (G1)
Presiding: Lars Peter Hansen (University of Chicago)
An Agent Based Model of the Household Sector
John Geanakoplos (Yale University)
Doyne Farmer (Santa Fe Institute)
New Issues in Systemic Risk Rankings
Robert Engle (New York University)
Viral Acharya (New York Univrsity)
Matthew Richardson (New York University)
Privacy-Preserving Methods for Sharing Financial Risk Exposures
Emmanuel A. Abbe ()
Amir E. Khandani ()
Andrew Lo (Massachusetts Institute of Technology)
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Discussants:
Bryan Kelly (University of Chicago)
Paul Kupiec (Federal Deposit Insurance Corporation)
Stefano Giglio (Harvard University)
Jan 07, 2012 10:15 am, Hyatt Regency, Columbus EF
American Economic Association
Merger Analysis and Policy (L4)
Presiding: Allan Collard-Wexler (New York University)
The First-Order Approach to Merger Analysis
Sonia Jaffe (Harvard University)
Eric Glen Weyl (University of Chicago)
[Download Preview]
Merger Policy in a Dynamic Industry Model
Volker Nocke (University of Mannheim)
Mark Satterthwaite (Northwestern University)
Michael D. Whinston (Northwestern University)
Practical Merger Analysis
Joseph Farrell (University of California-Berkeley)
PRICE COMPETITION AND CONCENTRATION IN SEARCH AND NEGOTIATION MARKETS: EVIDENCE FROM MORTGAGE LENDING
Jason Allen (Bank of Canada)
Robert Clark (HEC Montréal)
Jean-François Houde (University of Wisconsin-Madison)
[Download Preview]
Discussants:
Timothy F. Bresnahan (Stanford University)
Ariel Pakes (Harvard University)
Matthew Gentzkow (University of Chicago)
Liran Einav (Stanford University)
Jan 07, 2012 10:15 am, Hyatt Regency, Columbus IJ
American Economic Association
Mortgage Markets and Policy Response (G3)
Presiding: John Campbell (Harvard University)
Going for Broke: New Century Financial Corporation, 2004-2006
Augustin Landier (Toulouse School of Economics)
David Sraer (Princeton University)
David Thesmar (HEC & CEPR)
Lemons and CDOs: Why Did So Many Lenders Issue Poorly Performing CDOs?
Christopher Mayer (Columbia Business School)
Oliver Faltin-Traeger (Black Rock)
[Download Preview]
Can Owning a Home Hedge the Risk of Moving?
Todd Sinai (University of Pennsylvania)
Nicholas Souleles (University of Pennsylvania)
[Download Preview]
Can Government Intervention Improve Market Outcome? Evidence from HAMP Modification Program
Sumit Agarwal (Federal Reserve Bank of Chicago)
Gene Amromin (Federal Reserve Bank of Chicago)
Zahi Ben-David (Ohio State University)
Souphala Chomsisengphet (OCC)
Amit Seru (University of Chicago)
Discussants:
Gadi Berlevy (Federal Reserve Bank of Chicago)
Victoria Ivashina (Harvard University)
Tom Davidoff (University of British Columbia)
Francesco Trebbi (University of British Columbia)
Jan 07, 2012 10:15 am, Hyatt Regency, Regency A
American Economic Association
Panel Discussion: Using Blogs to Teach Undergraduate Economics (A2)
Presiding: Gail Hoyt (University of Kentucky)
Economics for Teachers
Jennifer Imazeki (San Diego State University)
Grasping Reality with a Sharp Beak: The Semi-Daily Journal of Economist J. Bradford Delong
J. Bradford DeLong (University of California-Berkeley)
Freakonomics
Steven Levitt (University of Chicago)
Marginal Revolution
Alex Tabarrok (George Mason University)
Economists Do It with Models
Jodi Beggs (Harvard University)
Jan 07, 2012 10:15 am, Hyatt Regency, Grand Ballroom A
American Economic Association
Personality Theory, Decision Theory and Economics (D8)
Presiding: James Heckman (University of Chicago)
Personality, Psychology and Economics
James J. Heckman (University of Chicago)
Tim D. Kautz (University of Chicago)
An Economic Model of Virtue, Self Control and Addiction
Steven N. Durlauf (University of Wisconsin-Madison)
James J. Heckman (University of Chicago)
Toward the Integration of Personality Theory and Decision Theory in the Explanation of Economic and Health Behavior
Jon E. Anderson (University of Minnesota-Morris)
Stephen V. Burks (University of Minnesota-Morris)
Colin G. DeYoung (University of Minnesota)
Aldo R. Rustichini (University of Minnesota)
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Who Reacts the Most Strongly Following Economic Events? Personality/Environmental Interactions as Predictors of Change in Life Satisfaction Following Unemployment, Disability, and Income Gains
Christopher J. Boyce (University of Manchester)
Alex M. Wood (University of Manchester)
The Heritability of Personality and Gene-Environment Interactions
Robert Krueger (University of Minnesota)
Jan 07, 2012 10:15 am, Hyatt Regency, Gold Coast
American Economic Association
Sovereign Wealth Funds: Threat or Salvation? (G2)
Presiding: Will Goetzmann (Yale University)
The Investment Strategies of Sovereign Wealth Funds
Shai Bernstein (Harvard Business School)
Josh Lerner (Harvard Business School)
Antoinette Schoar (Massachusetts Institute of Technology)
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Sovereign Wealth Fund Portfolios
Alexander Dyck (University of Toronto)
Adair Morse (University of Chicago)
[Download Preview]
Sovereign Wealth Investing from a National Balance-Sheet Perspective
Bernard Lee (Singapore Management University)
Hefei Wang (University of Illinois-Chicago)
[Download Preview]
Determinants of Sovereign Wealth Fund Investment in Private Equity
Sofia Johan (York University)
April Knill (Florida State University)
Nathan Mauck (Florida State University)
[Download Preview]
Discussants:
Josh Rauh (Northwestern University)
Patrick Bolton (Columbia University)
Udaibir Saran Das (International Monetary Fund)
Re-Jin Guo (University of Illinois-Chicago)
Jan 07, 2012 10:15 am, Hyatt Regency, Crystal B
American Economic Association
The United States and China in the World Economy (F4)
Presiding: Dominick Salvatore (Fordham University)
Growing Human Capital Investment in China Compared to Falling Investment in the United States
Gary Becker (University of Chicago)
U.S. and China in the World Economy: The Balance of Payments and the Balance of Power
Robert Mundell (Columbia University)
China: Imposing Economic Threat or Unprecedented Growth Opportunity?
Lawrence Summers (Harvard University)
The United States and China in the World Economy
Robert Zoellick (World Bank)
Discussants:
Gary Becker (University of Chicago)
Robert Mundell (Columbia University)
Lawrence Summers (Harvard University)
Robert Zoellick (World Bank)
Jan 07, 2012 10:15 am, Hyatt Regency, Regency C
American Economic Association
Unconventional Monetary Policies in Crisis Times: Which Impact and What Legacy? (E5)
Presiding: Philippe Moutot (European Central Bank)
What Happens If "Unconventional" Monetary Policies Become More Conventional?
Alan Blinder (Princeton University)
QE, CE, and Their Impacts
Takatoshi Ito (Tokyo University)
Where to Inject Liquidity? A General-Equilibrium Analysis of a Financial Crisis
Ricardo Reis (Columbia University)
An Unconventional Comparison of the Fed, the ECB and the Bank of Japan in Crisis Times
Francesco P Mongelli (European Central Bank and Goethe University Frankfurt)
Dieter Gerdesmeier (European Central Bank and Frankfurt School of Finance and Management)
Barbara Roffia (European Central Bank)
Discussants:
James J McAndrews (Federal Reserve Bank of New York)
Dieter Gerdesmeier (European Central Bank and Frankfurt School of Finance and Management)
Ricardo Reis (Columbia University)
Barbara Roffia (European Central Bank)
Francesco P. Mongelli (European Central Bank and Goethe University Frankfurt)
Jan 07, 2012 10:15 am, Hyatt Regency, Grand Suite 3
American Economic Association
Unemployment and the Business Cycle: The Role of Firm Heterogeneity (E2)
Presiding: William Hawkins (University of Rochester)
Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
Michael Elsby (University of Edinburgh)
Ryan Michaels (University of Rochester)
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Do Large-Firm Bargaining Models Amplify and Propagate Aggregate Productivity Shocks?
William Hawkins (University of Rochester)
[Download Preview]
Efficient Firm Dynamics in a Frictional Labor Market
Leo Kaas (Universität Konstanz)
Philipp Kircher (London School of Economics)
[Download Preview]
Uncertainty, Productivity and Unemployment during the Great Recession
Edouard Schaal (Federal Reserve Bank of Minneapolis)
[Download Preview]
Discussants:
Marcelo Veracierto (Federal Reserve Bank of Chicago)
Veronica Guerrieri (University of Chicago)
Richard Rogerson (Princeton University)
Guido Menzio (University of Pennsylvania)
Jan 07, 2012 10:15 am, Hyatt Regency, Wrigley
Association of Financial Economists/American Economic Association
Banking and Systematic Risk (G2)
Presiding: Gregory Udell (Indiana University)
A New Theory of Banking Inefficiency
Kinda Hachem (University of Chicago)
[Download Preview]
Loan Prospecting
Florian Heider (European Central Bank)
Roman Inderst (Goethe University (IMFS) and Imperial College)
[Download Preview]
A Pyrrhic Victory? Bank Bailouts and Sovereign Credit Risk
Viral V. Acharya (New York University and NBER)
Itamar Drechsler (New York University)
Philipp Schnabl (New York University)
[Download Preview]
On the Network Topology of Variance Decompositions: Measuring the Connectedness of Financial Firms
Francis X. Diebold (University of Pennsylvania)
Kamil Yilmaz (Koc University)
[Download Preview]
Discussants:
David Ross (Columbia University)
Robert Marquez (Boston University)
Ernst-Ludvig von Thadden (Universitat Mannheim)
Blake LeBaron (Brandeis University)
Jan 07, 2012 10:15 am, Hyatt Regency, New Orleans
Chinese Economic Association in North America/American Economic Association
Macroeconomics of Financial Markets (G1)
Presiding: Lee Ohanian (University of California-Los Angeles)
Credit Checks and Labor Market Outcomes
Tzu-Ying Daphne Chen (Florida State University)
Dean Corbae (University of Wisconsin-Madison)
[Download Preview]
Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Re-balancing?
YiLi Chien (Purdue University)
Harold Cole (University of Pennsylvania)
Hanno Lustig (University of California-Los Angeles)
Financial Markets and Unemployment
Tommoaso Monacelli (Bocconi University)
Vincenzo Quadrini (University of Southern California)
Antonella Trigari (Bocconi University)
[Download Preview]
The Limited Contribution of Financial Crises to Depressions
Giang Ho (International Monetary Fund)
Ellen McGrattan (Federal Reserve Bank of Minneapolis)
Lee Ohanian (University of California-Los Angeles)
Discussants:
Been-Lon Chen (Academia Sinica)
Shu-Chun Susan Yang (International Monetary Fund)
Yi-Chan Tsai (University of Tokyo)
Tzu-Ying Daphne Chen (Florida State University)
Jan 07, 2012 10:15 am, Swissotel, Zurich D
International Banking, Economics & Finance Association/American Economic Association
Federal Government Tax Reform: The Andrew Brimmer Policy Forum (H6)
Presiding: Andrew Brimmer (Brimmer & Company and University of Massachusetts-Amherst )
Tax Reform Proposals of the Obama Administration
Austan D. Goolsbee (University of Chicago)
The Domenici-Rivlin Tax Reform Proposal
Alice Rivlin (Brookings Institution)
[Download Preview]
Alternative Tax Reform Proposals
Martin Feldstein (Harvard University)
Promising Approaches to Tax Reform
James M. Poterba (Massachusetts Institute of Technology and National Bureau of Economic Research )
The Macroeconomic Effects of Tax Reform
Andrew F. Brimmer (Brimmer & Company and University of Massachusetts-Amherst)
Allen Sinai (Decision Economics, Inc.)
Jan 07, 2012 10:15 am, Hyatt Regency, Skyway 265
Peace Science Society International/American Economic Association
Conflict, Violence and Power (H5)
Presiding: Solomon Polachek (State University of New York-Binghamton)
The Strategy of Manipulating Conflict
Sandeep Baliga (Northwestern University)
Tomas Sjostrom (Rutgers University)
Monopolizing Violence and Consolidating Power
Robert Powell (University of California-Berkeley)
Violent Conflict: The Costs of the Many Outweigh the Benefits to the Few
Carlos Bozzoli (German Institute for Economic Research (DIW Berlin))
Tilman Bruck (DIW Berlin and Humboldt University, Berlin)
Olaf J. de Groot (DIW Berlin)
Wars and Child Health: Evidence from the Eritrean-Ethiopian Conflict
Richard Akresh (University of Illinois-Urbana-Champaign)
Leonardo Lucchetti (University of Illinois-Urbana-Champaign)
Harsha Thirumurthy (University of North Carolina-Chapel Hill)
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International Prices and Continuing Conflict
Raul Caruso (Catholic University of Sacred Heart)
[Download Preview]
Discussants:
Michael D. Intriligator (University of California-Los Angeles)
Carlos Seiglie (Rutgers University-Newark)
Jan 07, 2012 12:30 pm, Hyatt Regency, Grand Ballroom F
American Economic Association
Nobel Laureate Luncheon
Presiding: Christopher Sims (Princeton University)
Robert E. Hall (Stanford University)
Jan 07, 2012 2:30 pm, Hyatt Regency, Skyway 269
American Committee on Asian Economic Studies/American Economic Association
Issues in Asian Economic Integration and Cooperation (F4)
Presiding: Mordechai Kreinin (Michigan State University)
Cautionary Notes on Asian Economic Integration
Iwan Azis (Asian Development Bank)
[Download Preview]
How Close is ASEAN to a Common Global-Currency Basket?
Reid W. Click (George Washington University)
Modelling East Asian economies in a small open economy VECM: the influence of international and domestic shocks
Mardi Dungey (University of Tasmania)
M. Tugrul Vehbi (University of Cambridge)
[Download Preview]
The Economics of the Trans-Pacific Partnership
Peter A. Petri (Brandeis University)
Michael G. Plummer (OECD)
Fan Zhai (Chinese Investment Corporation)
[Download Preview]
Discussants:
Steven Husted (University of Pittsburgh)
Manoranjan Dutta (Rutgers University)
James P. Vere (University of Hong Kong)
James C. Riedel (Johns Hopkins University, SAIS)
Jan 07, 2012 2:30 pm, Hyatt Regency, Columbus AB
American Economic Association
Annual Poster Session on Active Learning Strategies (A2)
Presiding: William Bosshardt (Florida Atlantic University)
Just in Time Teaching in Intermediate Microeconomics
David Ross (Bryn Mawr College)
[Download Preview]
The Economics of The Office
Dirk Mateer (Pennsylvania State University)
Daniel Kuester (Kansas State University)
Auctions
Shizuka Nishikawa (St. Mary's College of Maryland)
The Use of Popular Music to Teach Introductory Economics in a Live and Online Environment
Rod Raehsler (Clarion University)
[Download Preview]
Improving Community College Economics Instruction: What Can We Learn from Other Disciplines?
Mark Maier (Glendale Community College)
[Download Preview]
Classroom Market Simulation using a Computer Network
Douglas Downing (Seattle Pacific University)
[Download Preview]
Two Dollar Challenge: Beginning to Learn How the Other Half Lives
Shawn Humphrey (University of Mary Washington)
Jaren Seid (Front Range Community College)
[Download Preview]
Teaching Dynamic Aggregate Supply-Aggregate Demand Model in an Intermediate Macroeconomics Class Using Interactive Spreadsheets
Sarah Ghosh (University of Scranton)
Satyajit Ghosh (University of Scranton)
[Download Preview]
Starting Point: Pedagogical Resources for Teaching and Learning Economics
Joe Calhoun (Florida State University)
[Download Preview]
Issues in Economic Freedom: How a Topics Course Can Popularize the Dismal Science
Howard Cochran (Belmont University)
Marieta Velikova (Belmont University)
[Download Preview]
Don't Touch My Medicare
Elizabeth Peterson (Eastern Washington University)
Charlotta Evans (University of Utah)
Using Peer Assessment to Improve Literative Reviews in Economics
Julie Smith (Lafayette College)
[Download Preview]
Promoting Active Learning through Undergraduate Economics Journals
Stephanie Davis-Kahl (Illinois Wesleyan University)
Robert Leekley (Illinois Wesleyan University)
Michael Seeborg (Illinois Wesleyan University)
[Download Preview]
How Does Economic Instruction Vary in Community Colleges across Four Regions?
John Min (Northern Virginia Community College)
Amber Casolari (Riverside City College)
[Download Preview]
Monopoly and the Realm of Imperfection: Oligopoly and Monopolistic Competition
Marilyn Cottrell (Brock University, Canada)
[Download Preview]
Is Your CFO Smarter Than a Sophomore? Applying Economics to University Managerial Decisions
Monica Hartmann (University of St. Thomas)
[Download Preview]
TeachingWithData.org: Online Resources for Bringing Data into the Classroom
Lynette Hoelter (University of Michigan)
George Alter (University of Michigan)
William Frey (University of Michigan)
John DeWitt (University of Michigan)
Suzanne Hodge (University of Michigan)
Using Macroeconomic Indicators in Managerial Decision-Making
Brian Sloboda (University of Phoenix)
A Web-Based Interactive Macro-Econ Learning System
Jinzhuo Zhao (Hampden-Sydney College)
Socratic Discussion
Areerat Kichkha (West Kentucky Community and Technical College)
[Download Preview]
Using Collective Action Experiments to Teach the Economics of Social Issues
James Bruehler (Eastern Illinois University)
Linda Ghent (Eastern Illinois University)
Alan Grant (Baker University)
[Download Preview]
Community Based Design Approach to Computer Aided Teaching and Learning Applications
Carsten Lange (California State Polytechnic University)
[Download Preview]
Utilizing Economic Modules for Undergraduate Teaching though Internship Program
Maureen Dunne (Framingham State University)
Martha Meaney (Framingham State University)
Fahlino Sjuib (Framingham State University)
Big Think: A Model for Critical Inquiry in Economics Courses
Robert Garnett (Texas Christian University)
KimMarie McGoldrick (University of Richmond)
Jan 07, 2012 2:30 pm, Hyatt Regency, Grand Suite 3
American Economic Association
Autos, Fuel Economy, and the Environment (Q4)
Presiding: Erich Muehlegger (Harvard University)
Gasoline Taxes and Consumer Behavior
Shanjun Li (Resources for the Future)
Joshua Linn (Resources for the Future)
Erich Muehlegger (Harvard University)
[Download Preview]
Beliefs and Consumer Choice
Hunt Allcott (Massachusetts Institute of Technology and New York University)
How Do Consumers Respond to Gasoline Price Shocks? Heterogeneity in Vehicle Choice and Driving Behavior
Kenneth Gillingham (Stanford University and Yale University)
[Download Preview]
Product Design Response to Industrial Policy: Evaluating Fuel Economy Standards Using an Engineering Model of Endogenous Product Design
Katie Whitefoot (University of Michigan)
Meredith Fowlie (University of California-Berkeley)
Steven Skerlos (University of Michigan)
[Download Preview]
Discussants:
Antonio Bento (Cornell University)
Beia Spiller (Duke University/Resources for the Future)
Mark Jacobsen (University of California-San Diego)
James Sallee (University of Chicago)
Jan 07, 2012 2:30 pm, Hyatt Regency, Crystal B
American Economic Association
Behavioral Welfare Economics (D6)
Presiding: Joshua Schwartzstein (Dartmouth College)
Bayesian Welfare Economics
Sendhil Mullainathan (Harvard University)
Joshua Schwartzstein (Dartmouth College)
Bounds on Elasticities with Optimization Frictions: A Synthesis of Micro and Macro Evidence on Labor Supply
Raj Chetty (Harvard University)
Eliciting Welfare Preferences from Behavioral Datasets
Ariel Rubinstein (New York University)
Yuval Salant (Northwestern University)
[Download Preview]
The Good, the Bad, and the Ugly: An Application of Behavioral Welfare Economics to the Problem of Optimal Defaults in 401(k) Plans
B. Douglas Bernheim (Stanford University and NBER)
Andrey Fradkin (Stanford University)
Igor Popov (Stanford University)
Discussants:
Richard Thaler (University of Chicago)
David Laibson (Harvard University)
Botond Koszegi (University of California-Berkeley)
Tomasz Strzalecki (Harvard University)
Jan 07, 2012 2:30 pm, Hyatt Regency, Regency A
American Economic Association
Education Management and Economic Growth (L3)
Presiding: Stephen Machin (University College London)
Teaching Practices and Social Capital
Yann Algan (Sciences Po)
Pierre Cahuc (Ecole Polytechnique)
Andrei Shleifer (Harvard University)
[Download Preview]
Management Practices in Education: Descriptive Evidence
Nick Bloom (Stanford University)
Raffaella Sadun (Harvard University)
John Van Reenen (London School of Economics)
[Download Preview]
The Management of Universities
Caroline Hoxby (Stanford University)
Changing School Autonomy: Academy Schools and Their Introduction to England’s Education
Stephen Machin (University College London)
James Vernoit (London School of Economics)
Jan 07, 2012 2:30 pm, Hyatt Regency, Toronto
American Economic Association
Estimating Trade Elasticities (F1)
Presiding: Robert Feenstra (University of California-Davis)
In Search of the Armington Elasticity
Robert C Feenstra (University of California-Davis)
Maurice Obstfeld (University of California-Berkeley)
Katheryn N Russ (University of California-Davis)
Different Trade Models, Different Elasticities?
Ina Simonovska (University of California-Davis)
Michael E Waugh (New York University)
Trade Elasticities
Jean Imbs (Paris School of Economics)
Isabelle Mejean (Ecole Polytechnique)
[Download Preview]
Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09
Matthieu Bussière (Banque de France)
Giovanni Callegari (International Monetary Fund)
Fabio Ghironi (Boston College)
Giulia Sestieri (Banque de France)
Norihiko Yamano (OECD)
[Download Preview]
Discussants:
Kim Ruhl (New York University)
Dennis Novy (University of Warwick)
John Romalis (University of Chicago)
Andrei Levchenko (University of Michigan)
Jan 07, 2012 2:30 pm, Hyatt Regency, Regency B
American Economic Association
Funding Markets and the Financial Crisis (E5)
Presiding: Viral Acharya (New York University)
Is Libor Accurate? Micro Evidence from Term Funding Markets
Dennis Kuo (Federal Reserve Bank of New York)
David Skeie (Federal Reserve Bank of New York)
James Vickery (Federal Reserve Bank of New York)
Knightian Uncertainty and Interbank Lending
Matthew Pritsker (Federal Reserve Board)
[Download Preview]
Dealer Financial Conditions and the Term Securities Lending Facility: Was Bagehot Right After All?
Viral V. Acharya (New York University)
Michael J. Fleming (Federal Reserve Bank of New York)
Warren B. Hrung (Federal Reserve Bank of New York)
Asani Sarkar (Federal Reserve Bank of New York)
[Download Preview]
Discussants:
Darrell Duffie (Stanford University)
Adam Zawadowski (Boston University)
Douglas Diamond (University of Chicago)
Jan 07, 2012 2:30 pm, Hyatt Regency, Columbus EF
American Economic Association
Household Finance and Risk Management (E2)
Presiding: Christopher Mayer (Columbia University)
A Model of Mortgage Default
John Campbell (Harvard University)
Joao Cocco (London Business School)
[Download Preview]
Household Risk Management
Adriano Rampini (Duke University)
S. Viswanathan (Duke University)
[Download Preview]
Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice
Ralph Koijen (University of Chicago)
Stijn Van Nieuwerburgh (New York University)
Motohiro Yogo (Federal Reserve Bank of Minneapolis)
[Download Preview]
Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty
Hui Chen (Massachusetts Institute of Technology)
Michael Michaux (University of Southern California)
Nikolai Roussanov (University of Pennsylvania)
Discussants:
John Heaton (University of Chicago)
Tomasz Piskorski (Columbia University)
Alexander Michaelides (University of Cyprus)
Francis Longstaff (University of California-Los Angeles)
Jan 07, 2012 2:30 pm, Hyatt Regency, Columbus KL
American Economic Association
International Monetary Reform (F3)
Presiding: Raghuram Rajan (University of Chicago)
Can Asia Overcome the IMF Stigma?
Takatoshi Ito (University of Tokyo)
Capital Flow Management
Olivier Jeanne (Johns Hopkins University)
International Liquidity in a Multipolar World
Barry Eichengreen (University of California-Berkeley)
[Download Preview]
Discussants:
Kristen Forbes (Massachusetts Institute of Technology)
Jean Pisani-Ferry (University of Paris-Dauphine)
Raghuram Rajan (University of Chicago)
Jan 07, 2012 2:30 pm, Hyatt Regency, Columbus G
American Economic Association
International Trade (F1)
Presiding: Richard Pomfret (University of Adelaide)
Learning Versus Stealing: How Important are Market-Share Reallocations to India's Productivity Growth?
Ann E. Harrison (University of California-Berkeley)
Leslie A. Martin (University of California-Berkeley)
Shanthi Nataraj (RAND Corporation)
[Download Preview]
The Border Effect Through the Rearview Mirror: Would the puzzle have existed if today's tools had been used?
Daniel A. Dias (University of Illinois at Urbana-Champaign)
[Download Preview]
Roads and Trade: Evidence from the U.S.
Gilles Duranton (University of Toronto)
Peter Morrow (University of Toronto)
Matthew Turner (University of Toronto)
[Download Preview]
Labor Market Frictions, Firm Growth, and International Trade
Pablo D. Fajgelbaum (University of California-Los Angeles)
Jan 07, 2012 2:30 pm, Hyatt Regency, Water Tower
American Economic Association
International Trade and Trade Policy: In Memory of Robert E. Baldwin (F1)
Presiding: J. David Richardson (Syracuse University)
Born-to-Export Firms
Jonathan Eaton (New York University)
Bernardo Diaz de Astarloa (Pennsylvania State University)
Kala Krishna (Pennsylvania State University)
Bee Roberts (Pennsylvania State University)
Andres Rodriguez-Clare (University of California-Berkeley)
James Tybout (Pennsylvania State University)
Optimal Design of Trade Agreements in the Presence of Renegotiation
Giovanni Maggi (Yale University)
Robert Staiger (Stanford University)
Trade and Assortative Matching: Theory and Evidence
Carl Davidson (Michigan State University)
Fredrik Heyman (Research Institute of Industrial Economics)
Steve Matusz (Michigan State University)
Fredrik Sjoholm (Research Institute of Industrial economics)
Susan Zhu (Michigan State University)
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Terms of Trade and Global Efficiency Effects of Free Trade Agreements: 1990-2002
James E. Anderson (Boston College)
Yoto Yotov (Drexel University)
[Download Preview]
Discussants:
K.C. Fung (University of California-Santa Cruz)
Chad Bown (World Bank)
Stephen Yeaple (Pennsylvania State University)
Jeffrey Bergstrand (University of Notre Dame)
Jan 07, 2012 2:30 pm, Hyatt Regency, Columbus CD
American Economic Association
Macroeconomic Surprises, Measurement and Spill-overs (E4)
Presiding: Alan Blinder (Princeton University)
The Identification of the Response of Interest Rates to Monetary Policy Actions Using Market-Based Measures of Monetary Policy Shocks
Daniel L. Thornton (Federal Reserve Bak of St Louis)
[Download Preview]
Market Perceptions of International Monetary Policy Dependence
Refet S Gurkaynak (Bilkent University)
Jonathan H Wright (Johns Hopkins University)
[Download Preview]
Do Energy Prices Respond to U.S. Macroeconomic News? A Test of the Hypothesis of Predetermined Energy Prices
Lutz Kilian (University of Michigan)
Clara Vega (Federal Reserve Board)
[Download Preview]
Does the Kiwi Fly When the Kangaroo jumps? The Effect of Australian Macroeconomic News on the New Zealand Dollar
Andrew Coleman (Motu Economics and Otago University)
Ozer Karagedikli (Reserve Bank of New Zealand)
[Download Preview]
Discussants:
Eli Remolona (Bank of International Settlements)
Jonathan Kearns (Reserve Bank of Australia)
Dean Scrimgeour (Colgate University)
Jan 07, 2012 2:30 pm, Hyatt Regency, Gold Coast
American Economic Association
Macroeconomics and Corporate Finance (G3)
Presiding: Roc Armenter (Federal Reserve Bank of Philadelphia)
The Effects of Rare Economic Crises on Credit Spreads and Leverage
Harjoat Bhamra (University of British Columbia)
Ilya Strebulaev (Stanford University)
[Download Preview]
Credit Spreads and Business Cycle Fluctuations
Simon Gilchrist (Boston University)
Egon Zakrajsek (Federal Reserve Board)
A Quantitative Dynamic Agency Model of Financing Constraints
Lukas Schmid (Duke University)
The Macroeconomics of Firms' Savings
Roc Armenter (Federal Reserve Bank of Philadelphia)
Viktoria Hnatkovska (University of British Columbia)
[Download Preview]
Discussants:
Lars-Alexander Kuehn (Carnegie Mellon University)
Vincenzo Quadrini (University of Southern California)
Toni Whited (University of Rochester)
François Gourio (Boston University)
Jan 07, 2012 2:30 pm, Hyatt Regency, Grand Ballroom A
American Economic Association
Measuring and Explaining the Collapse of the Labor Market in the Great Recession (J4)
Presiding: John Haltiwanger (University of Maryland)
Hiring, Churn and the Business Cycle
Edward P. Lazear (Stanford University)
James R. Spletzer (U.S. Bureau of Labor Statistics)
[Download Preview]
Job-to-Job Flows in the Great Recession
Erika McEntarfer (U.S. Census Bureau)
Henry Hyatt (U.S. Census Bureau)
[Download Preview]
Recruiting Intensity during and after the Great Recession: National and Industry Evidence
Steven J. Davis (University of Chicago)
R. Jason Faberman (Federal Reserve Bank of Chicago)
John Haltiwanger (University of Maryland)
[Download Preview]
Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?
John M. Abowd (Cornell University)
Lars Vilhuber (Cornell University)
[Download Preview]
Discussants:
Aysegul Sahin (Federal Reserve Bank of New York)
Christopher J. Nekarda (Federal Reserve Board)
Michael Elsby (University of Edinburgh)
Bruce Fallick (Federal Reserve Board)
Jan 07, 2012 2:30 pm, Hyatt Regency, Regency C
American Economic Association
New Directions in Trade and Geography (F1)
Presiding: Robert Townsend (Massachusetts Institute of Technology)
Villages as Small Open Economies
Archawa Paweenawat (University of the Thai Chamber of Commerce)
Robert M. Townsend (Massachusetts Institute of Technology)
Innovation in Space
Klaus Desmet (Universidad Carlos III Madrid)
Esteban Rossi-Hansberg (Princeton University)
[Download Preview]
Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence
Dave Donaldson (Massachusetts Institute of Technology)
Arnaud Costinau (Massachusetts Institute of Technology)
[Download Preview]
Discussants:
Chang Tai Hsieh (University of Chicago)
Francisco Buera (Federal Reserve Bank of Minneapolis)
Pol Antras (Harvard University)
Jan 07, 2012 2:30 pm, Hyatt Regency, Grand Suite 5
American Economic Association
News (E3)
Presiding: Jae Won Lee (Rutgers University)
Bad News for News Shocks? The E-Stability and Comovement Tradeoff in a News-Driven Business Cycle Model
Cathy M. Zhang (University of California-Irvine)
[Download Preview]
On the nature of the financial system in the Euro Area: a Bayesian DSGE approach
Stefania Villa (Birkbeck College, University of London and University of Foggia)
[Download Preview]
Handling Non-Invertibility: Theory and Applications
Bill Dupor (The Ohio State University)
Jing Han (The Chinese University of Hong Kong)
[Download Preview]
Asset Prices, News Shocks and the Current Account
Roland Straub (European Central Bank)
Marcel Fratzscher (European Central Bank)
[Download Preview]
News Shocks, Price Levels, and Monetary Policy
Ryo Jinnai (Texas A&M University)
[Download Preview]
Jan 07, 2012 2:30 pm, Hyatt Regency, Columbus IJ
American Economic Association
Regulating Large, Global and Complex Financial Institutions (G2) (Panel Discussion)
Panel Moderator: Anat Admati (Stanford University)
Anil Kashyap (University of Chicago)
Nellie Liang (Federal Reserve Board)
Kostas Tsatsaronis (Bank of International Settlements)
Jan 07, 2012 2:30 pm, Hyatt Regency, Grand Ballroom B
American Economic Association
The Dynamics of Health and Wealth among the Elderly (I1)
Presiding: James Poterba (Massachusetts Institute of Technology and NBER)
Medicaid Insurance in Old Age
Mariacristina De Nardi (Federal Reserve Bank of Chicago)
Eric French (Federal Reserve Bank of Chicago)
John B. Jones (State University of New York-Albany)
[Download Preview]
Income, Wealth, and Health Care during Retirement
Kathleen McGarry (University of California-Los Angeles)
Jonathan S. Skinner (Dartmouth College)
The Asset Cost of Poor Health
James M. Poterba (Massachusetts Institute of Technology and NBER)
David A. Wise (Harvard University and NBER)
Steven F. Venti (Dartmouth College)
[Download Preview]
The Effect of the Risk of Out-of-Pocket Spending for Health Care on Economic Preparation for Retirement
Michael Hurd (RAND Corporation)
Susann Rohwedder (RAND Corporation)
Discussants:
Amy N. Finkelstein (Massachusetts Institute of Technology)
Courtney C. Coile (Wellesley College)
Serdar Ozcan (Federal Reserve Board)
John Sabelhaus (Federal Reserve Board and University of Maryland)
Jan 07, 2012 2:30 pm, Hyatt Regency, Regency D
American Economic Association
What Determines the Performance of US and International Healthcare? (I1)
Presiding: John Van Reenen (London School of Economics and Centre for Economic Performance and CEPR)
Expertise, Underuse, and Overuse in Healthcare
Amitabh Chandra (Harvard University and NBER)
Douglas O. Staiger (Dartmouth College and NBER)
The Impact of Competition on Management Quality: Evidence from Public Hospitals
Nicholas Bloom (Stanford University, NBER and Centre for Economic Performance)
Carol Propper (Imperial College, CMPO University of Bristol and CEPR)
Stephan Seiler (London School of Economics and Centre for Economic Performance)
John Van Reenen (London School of Economics, Centre for Economic Performance and CEPR)
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Fight or Flight: The Threat of Specialty Competition and the Service Offerings of General Hospitals
Robert Huckman (Harvard University)
Jonathan Kolstad (University of Pennsylvania)
[Download Preview]
Will Risk Adjustment Decrease Health Care Costs? New Evidence from the Medicare Advantage Program
Mark Duggan (University of Maryland and NBER)
Jason Brown (U.S. Treasury Department)
Ilyana Kuziemko (Princeton University and NBER)
William Woolston (Stanford University)
[Download Preview]
Jan 07, 2012 2:30 pm, Swissotel, Vevey 3
American Real Estate & Urban Economic Association/American Economic Association
Housing and the Macroeconomy (E3)
Presiding: Francois Ortalo-Magne (University of Wisconsin)
Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes
S. Boragan Aruoba (University of Maryland)
Morris A. Davis (University of Wisconsin)
Randall Wright (University of Wisconsin)
[Download Preview]
Understanding Booms and Busts in Housing Prices
Craig Burnside (Duke University)
Martin Eichenbaum (Northwestern University)
Sergio Rebelo (Northwestern University)
[Download Preview]
House Price Booms and the Current Account
Klaus Adam (Mannheim University)
Albert Marcet (London School of Economics)
Pei Kuang (University of Frankfurt)
[Download Preview]
Discussants:
David Andolfatto (Federal Reserve Bank of St. Louis)
Erwan Quintin (University of Wisconsin)
Aurel Hizmo (New York University)
Jan 07, 2012 2:30 pm, Hyatt Regency, Crystal A
Health Economics Research Organization/American Economic Association
Medicare and Prescription Drugs (I1)
Presiding: Donald Yett (University of Southern California)
Plan Selection in Medicare Part D: Evidence from Administrative Data
Daniel McFadden (University of California-Berkeley and University of Southern California)
Joachim Winter (University of Munich)
Market Design When Firms Interact with Inertial Consumers: Evidence from Medicare Part D
Keith M. Marzilli Ericson (Boston University)
[Download Preview]
Drug Shopping and Use in the Donut Hole
Dana Goldman (University of Southern California)
Geoffrey Joyce (University of Southern California)
Neeraj Sood (University of Southern California)
Discussants:
Mark Duggan (University of Pennsylvania)
Martin Gaynor (Carnegie Mellon University)
Jay Bhattacharya (Stanford University)
Jan 07, 2012 2:30 pm, Palmer House Hilton, Grand Park Parlor
National Economic Association/American Economic Association
The Status of Blacks in the Economics Profession (J4)
Presiding: Juliet Elu (Morehouse College)
The Scholary Status of Blacks In The Economics Profession: Has The National Economic Association and The Review of Black Political Economy Mattered?
Gregory Price (Morehouse College)
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The Status of Black Economists on economics faculties
William A. Darity, Jr. (Duke University)
African Americans and their contribution to the Creation and Execution of Monetary Policy, Financial Regulation, and Economic Research within the Federal Reserve System
LaVaughn M. Henry (Federal Reserve Bank of Cleveland-Cincinnati Branch)
The Status of Black Economists in Government
Bernard Anderson (University of Pennsylvania)
The Status of Black Economists in Public Policy Programs
Samuel Myers, Jr. (University of Minnesota)
The Contemporary and Historical Pipeline of Black Economists
Rhonda Sharpe (Bennett College for Women)
Omari Swinton (Howard University)
Discussants:
James Peoples (University of Wisconsin-Milwaukee)
William Spriggs (Howard University)
Linda Loubert (Morgan State University)
Margaret Simms (Urban Institute)
Jan 07, 2012 2:30 pm, Hyatt Regency, Acapulco
Transportation & Public Utilities Group/American Economic Association
Economics of Nuclear Energy Post Fukushima (L5)
Presiding: David Gabel (Queens College)
The Future of Nuclear Power After Fukushima (Paul Joskow and John Parsons)
Paul Joskow (Massachusetts Institute of Technology and Sloan Foundation)
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Capacity Factor Risk at Nuclear Power Plants
Yangbo Du (Massachusetts Institute of Technology)
John E. Parsons (Massachusetts Institute of Technology)
[Download Preview]
Will Fukushima Be the Final Straw for the Nuclear Renaissance?
Steve Thomas (University of Greenwich)
Discussants:
Kenneth Rose (Ohio State University)
Jan 07, 2012 4:40 pm, Hyatt Regency, Grand Ballroom F
American Economic Association
Awards Ceremony and Presidential Address
Presiding: Christopher Sims (Princeton University)
Orley Ashenfelter (Princeton University) Cross Country Wage Comparisons
Jan 07, 2012 6:00 pm, Hyatt Regency, Grand Ballroom F
American Economic Association
Business Meeting
Jan 07, 2012 8:00 pm, Hyatt Regency, Crystal B
American Economic Association
The Economics Humor Session in Honor of Caroline Postelle Clotfelter (Z1)
Presiding: Orley Ashenfelter (Princeton University)
S*** Happens: The Economics Version
Yoram Bauman (University of Washington and www.standupeconomist.com)
Potterian Economics
Avichai Snir (Bar-Ilan University)
Daniel Levy (Bar-Ilan University, Emory University, and RCEA)
Diamond Jim
Merle Hazard (www.merlehazard.com)
Hyperplanic Quantile Utility Optimization under Separating Auction Equilibria
David Powell (RAND)
A Theory of Interstellar Trade
Paul Krugman (Princeton University)

Jan 08, 2012

Jan 08, 2012 8:00 am, Hyatt Regency, Atlanta
American Economic Association
Advance in the Theory of Contests and Tournaments (C7)
Presiding: Ron Siegel (Northwestern University)
Head Starts in Contests
Ron Siegel (Northwestern University)
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Contests with Endogenous and Stochastic Entry
Qiang Fu (National University of Singapore)
Qian Jiao (National University of Singapore)
Jingfeng Lu (National University of Singapore)
[Download Preview]
Sequential All-Pay Auctions with Head Starts and Noisy Outputs
Ella Segev (Ben-Gurion University of the Negev)
Aner Sela (Ben-Gurion University of the Negev)
[Download Preview]
The Optimal Design of Rewards in Contests
Todd R. Kaplan (University of Exeter and University of Haifa)
David Wettstein (Ben-Gurion University of the Negev)
[Download Preview]
Discussants:
Ron Siegel (Northwestern University)
Qiang Fu (National University of Singapore)
Ella Segev (Ben-Gurion University of the Negev)
Todd R. Kaplan (University of Exeter and University of Haifa)
Jan 08, 2012 8:00 am, Hyatt Regency, Columbus EF
American Economic Association
Bubbles and Financial Crisis (E3)
Presiding: Pengfei Wang (HKUST)
Bubbly Liquidity
Emmanuel Farhi (Havard University)
Jean Tirole (Toulouse School of Economics)
Bubbles and Credit Constraints
Jianjun Miao (Boston University)
Pengfei Wang (Hong University of Science and Technology)
[Download Preview]
Equilibrium Debt Financing
Wei Xiong (Princeton University)
Zhiguo He (University of Chicago)
[Download Preview]
Bubbly Business Cycles
Jaume Ventura (CREI and Universitat Pompeu Fabra)
Alberto Martin (CREI and Universitat Pompeu Fabra)
Vasco Carvalho (CREI and Universitat Pompeu Fabra)
Discussants:
Zheng Liu (Federal Reserve Bank of San Francisco)
Alberto Martin (CREI and Universitat Pompeu Fabra)
Pengfei Wang (HKUST)
Christian Hellwig (University of California-Los Angeles)
Jan 08, 2012 8:00 am, Hyatt Regency, Buckingham
American Economic Association
Communication in Experiments (C9)
Presiding: Dietmar Fehr (WZB Berlin)
Ignorance is bliss: an experimental study of the use of ambiguity and vagueness in the coordination games with asymmetric payoffs
Marina Agranov (Caltech)
Andrew Schotter (New York University)
[Download Preview]
Inefficient Markets
Jacob Goeree (University of Zurich)
Jingjing Zhang (University of Zurich)
Managing Credibility
Roberto Weber (Carnegie Mellon University)
David Cooper (Florida State University)
John Hamman (Florida State University)
Endogenous Communication and Coordination
Dietmar Fehr (WZB Berlin)
Discussants:
Julian Jamison (Federal Reserve Bank of Boston)
John Duffy (University of Pittsburgh)
David Huffman (Swarthmore College)
Svetlana Pevnitskaya (Florida State University)
Jan 08, 2012 8:00 am, Hyatt Regency, Soldier Field
American Economic Association
Competition and Productive Efficiency (L1)
Presiding: Timothy Bresnahan (Stanford University)
The Shrinking Hand: Why Information Technology Leads to Smaller Firms
Jean-Jacques Rosa (Sciences Po Paris)
Julien Hanoteau (EUROMED Management)
Profitability, Trade Credit and Institutional Structure of Production
Michael Gofman (University of Wisconsin-Madison)
[Download Preview]
Ownership and Performance in Vertical Relations: Satellite-Tracked Evidence
Gabriel Natividad (New York University)
[Download Preview]
Competition and Price Dispersion in Jerusalem's Mahane Yehuda Market
Joshua Sherman (University of Vienna)
Avi Weiss (Bar-Ilan University and IZA)
Do Cartels Undermine Economic Efficiency?
Andrea Günster (ETH Zurich)
Martin Carree (Maastricht University)
Mathijs Van Dijk (Erasmus University Rotterdam)
[Download Preview]
Jan 08, 2012 8:00 am, Hyatt Regency, Columbus CD
American Economic Association
Disability Programs and Employment (J1)
Presiding: John Pepper (University of Virginia)
Cohort Trends in Employment and Use of Work Incentives for Participants in the Supplemental Security Income Program
Yonatan Ben-Shalom (Mathematica)
David Stapleton (Mathematica)
The Importance of State Anti-Discrimination Laws on Employer Accommodation and the Movement of their Employees onto Social Security Disability Insurance
Richard V. Burkhauser (Cornell University)
Lauren Nicholas (University of Michigan)
Maximilian D Schmeiser (Federal Reserve Board)
[Download Preview]
What Are the Real Application Costs of SSDI? The Effect of Waiting Time on Labor Force Participation and Earnings
David Autor (Massachusetts Institute of Technology)
Nichole Maestas (RAND)
Kathleen Mullen (RAND)
Alexander Strand (Ssocial Security Administration)
The Effect of Vocation Rehabilitation for People with Mental Illness
David Dean (University of Richmond)
John Pepper (University of Virginia)
Robert Schmidt (University of Richmond)
Steven Stern (University of Virginia)
[Download Preview]
Discussants:
David Autor (Massachusetts Institute of Technology)
David Stapleton (Mathematica)
Eric French (Federal Reserve Bank of Chicago)
Jeffrey Smith (University of Michigan)
Jan 08, 2012 8:00 am, Hyatt Regency, Hong Kong
American Economic Association
Economics of Families (J1)
Presiding: Anne Winkler (University of Missouri-St.Louis)
Maternity Leave, Effort Allocation and Post-Motherhood Earnings
Evgenia Dechter (University of New South Wales)
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Paternity Leave
Sara Cools (University of Oslo)
Jon H. Fiva (BI Norwegian Business School)
Lars J. Kirkebøen (Statistics Norway)
[Download Preview]
Selection, Heterogeneity and the Gender Wage Gap
Cecilia Machado (EPGE-FGV)
[Download Preview]
I Will Divorce If You Cannot Give Me More Children and At Least a Son: Evidence from Vietnam
Anh Tran (Indiana University)
Cuong Nguyen (National Economics University, Vietnam)
[Download Preview]
Engaging Absent Fathers: Lessons from Paternity Establishment Programs
Maya Rossin-Slater (Columbia University)
[Download Preview]
Jan 08, 2012 8:00 am, Hyatt Regency, Grand Suite 5
American Economic Association
Fiscal Empirics (E6)
Presiding: Francesco Bianchi (Duke University)
Optimal State-Contingent Fiscal Policy
Stephen A. Buser (The Ohio State University)
[Download Preview]
Fiscal Policy and Lending Relationships
Giovanni Melina (Birkbeck College, University of London)
Stefania Villa (Birkbeck College, University of London and University of Foggia)
[Download Preview]
How Bad was Lehman Shock?: Estimating a DSGE model with Firm and Bank Balance Sheets in a Data-Rich Environment
Shin-Ichi Nishiyama (Tohoku University)
Hirokuni Iiboshi (Tokyo Metropolitan University)
Tatsuyoshi Matsumae (ESRI, Cabinet Office)
Ryoichi Namba (ESRI, Cabinet Office)
[Download Preview]
Toward a Taylor Rule for Fiscal Policy
Martin Kliem (Deutsche Bundesbank)
Alexander Kriwoluzky (University of Bonn)
[Download Preview]
Rethinking the Effects of Fiscal Policy on Macroeconomic Aggregates: A Disaggregated SVAR Analysis
Umut Unal (Florida International University)
[Download Preview]
Jan 08, 2012 8:00 am, Hyatt Regency, Grand Suite 3
American Economic Association
Fiscal Policy Analysis (H3)
Presiding: Adam Hoffer (West Virginia University)
State Pension Contributions and Fiscal Stress
David Splinter (Rice University)
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Term Limits, Seniority, and Government Spending: Theory and Evidence from the U.S. States
Yasushi Asako (Bank of Japan)
Tetsuya Matsubayashi (University of North Texas)
Michiko Ueda (Waseda University)
[Download Preview]
Beyond Tax Smoothing
Peter Berck (University of California-Berkeley)
Jonathan Lipow (Naval Postgraduate School)
[Download Preview]
Preference Policies
Adam J. Hoffer (West Virginia University)
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Discussants:
Adam J. Hoffer (West Virginia University)
Peter Berck (University of California-Berkeley)
David Splinter (Rice University)
Yasushi Asako (Bank of Japan)
Jan 08, 2012 8:00 am, Hyatt Regency, Acapulco
American Economic Association
Funding of Shadow Banks (G2)
Presiding: Stefan Nagel (Stanford University)
Shadow Banking
Tobias Adrian (Federal Reserve Bank of New York)
Adam Ashcraft (Federal Reserve Bank of New York)
Sizing Up Repo
Arvind Krishnamurthy (Northwestern University)
Stefan Nagel (Stanford University)
Dmitry Orlov (Stanford University)
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Repo runs: Evidence from the tri-party repo market
Adam Copeland (Federal Reserve Bank of New York)
Antoine Martin (Federal Reserve Bank of New York)
Michael Walker (Federal Reserve Bank of New York)
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Securitization Without Risk Transfer
Viral V. Acharya (New York University)
Philipp Schnabl (New York University)
Gustavo A. Suarez (Federal Reserve Board)
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Discussants:
Viral V. Acharya (New York University)
Gary B. Gorton (Yale University)
Suresh Sundaresan (Columbia University)
Philip E. Strahan (Boston College)
Jan 08, 2012 8:00 am, Hyatt Regency, Columbus G
American Economic Association
Implications of Nonstandard Models of Decision Making (E)
Presiding: Lars Peter Hansen (University of Chicago)
A Prior Predictive Analysis of the Effects of Loss Aversion/Narrow Framing in a Macroeconomic Model for Asset Pricing
Yuanyuan Chen (Middle Tennessee State University)
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Monetary Policy, Doubts and Asset Prices
Pierpaolo Benigno (LUISS, Rome)
Luigi Paciello (Einaudi Institute for Economics and Finance)
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Life-Cycle Asset Allocation with Ambiguity Aversion and Learning
Kim Peijnenburg (Tilburg University)
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Robust Control, Informational Frictions, and International Consumption Correlations
Yulei Luo (University of Hong Kong)
Jun Nie (Federal Reserve Bank of Kansas City)
Eric R. Young (University of Virginia)
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Reflexive Expectation Formation
Timo Ehrig (Max Planck Institute for Mathematics in the Sciences)
Juergen Jost (Max Planck Society and Santa Fe Institute)
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Jan 08, 2012 8:00 am, Hyatt Regency, Columbus H
American Economic Association
Including Communities in the Development Process (O1)
Presiding: Rema Hanna (Harvard University)
Targeting the Poor: Evidence from a Field Experiment in Indonesia
Rema Hanna (Harvard University)
Vivi Alatas (World Bank)
Benjamin Olken (Massachusetts Institute of Technology)
Abhijit Banerjee (Massachusetts Instituteof Technology)
Community Based Monitoring: Experimental Evidence on Design and Long Run Impact
Martina Bjorkman-Nyqvist (Universita Bocconi)
Jakob Svensson (Institute for International Economic Studies)
Damien de Walque (World Bank)
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Does Direct Democracy Limit Resource Capture? Experimental Evidence from Afghanistan
Fotini Christia (Massachusetts Institute of Technology)
Ruben Enikolopov (New Economic School)
Andrew Beath (Harvard University)
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Improving Educational Quality through Enhancing Community Participation: Results from a Randomized Field Experiment in Indonesia”
Menno Pradhan (Amsterdam Institute for International Development)
Maisy Wong (University of Pennsylvania)
Daniel Suryadarma (Australian National University)
Amanda Beatty (World Bank)
Arya Gaduh (University of Southern California)
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Discussants:
Chris Blattman (Yale University)
Sandip Sukhtankar (Dartmouth College)
Martina Bjorkman-Nyqvist (Universita Bocconi)
Rema Hanna (Harvard University)
Jan 08, 2012 8:00 am, Hyatt Regency, Toronto
American Economic Association
Informing Household Saving Decisions: Plan Features and Interventions (H3)
Presiding: Annamaria Lusardi (Dartmouth College)
What’s My Account Really Worth? The Effect of Lifetime Income Disclosure on Retirement Savings
Gopi Shah Goda (Stanford University)
Colleen Flaherty Manchester (University of Minnesota)
Aaron Sojourner (University of Minnesota)
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The Impact of a Roth Option on Outcomes in Employer-Sponsored Savings Plans
John Beshears (Stanford University)
James Choi (Yale University)
David Laibson (Harvard University)
Brigitte Madrian (Harvard University)
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How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
Justine Hastings (Yale University)
Olivia S Mitchell (University of Pennsylvania)
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Discussants:
James Choi (Yale University)
Scott Weisbenner (University of Illinois)
Anya C. Savikhin (University of Chicago)
Jan 08, 2012 8:00 am, Hyatt Regency, Columbus KL
American Economic Association
Legal and Economic Foundations of Organization (L2)
Presiding: Scott Masten (University of Michigan)
What is Law? A Coordination Model of the Characteristics of Legal Order
Gillian K. Hadfield (University of Southern California)
Barry R. Weingast (Stanford University)
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On the Evolution of Collective Enforcement Institutions: Communities and Courts
Scott E. Masten (University of Michigan)
Jens Prufer (Tilburg University)
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Theories of Firm and Market Organization: Focal Transactions, Empirical Testing, and Scaling Up
Steven Tadelis (University of California-Berkeley)
Oliver E. Williamson (University of California-Berkeley)
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Discussants:
Robert Gibbons (Massachusetts Institute of Technology)
Scott E. Masten (University of Michigan)
Jan 08, 2012 8:00 am, Hyatt Regency, Grand Ballroom A
American Economic Association
Markets with Frictions (D4) (Panel Discussion)
Panel Moderator: Christopher Sims (Princeton University)
Dale T. Mortensen (Northwestern University)
Peter A. Diamond (Massachusetts Institute of Technology)
Robert Shimer (University of Chicago)
Philipp Kircher (London School of Economics)
Jan 08, 2012 8:00 am, Hyatt Regency, Skyway 260
American Economic Association
Producer Pricing in International Macroeconomics and Trade (F4)
Presiding: Katheryn Russ (University of California-Davis and NBER)
Trade Wedges, Inventories, and International Business Cycles
George Alessandria (Federal Reserve Bank of Philadelphia)
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Export Prices of U.S. Firms
James Harrigan (University of Virginia and NBER)
Victor Shlychkov (Columbia University)
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Pricing-to-Market: Evidence From Plant-Level Prices
Doireann Fitzgerald (Stanford University)
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Teams of Rivals
Katheryn Russ (University of California-Davis and NBER)
Beatriz de Blas (Universidad Autónoma de Madrid)
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Discussants:
Mario Crucini (Vanderbilt University)
Kalina Manova (Stanford University)
Jaromir Nosal (Columbia University)
Kanda Naknoi (Purdue University)
Jan 08, 2012 8:00 am, Hyatt Regency, Wrigley
American Economic Association
Returns to Schooling (I2)
Presiding: Marian Vidal-Fernandez (University of New South Wales and IZA)
Nature vs. Nurture in the Transmission of Economic Status
Sang Yoon (Tim) Lee (University of Mannheim)
Ananth Seshadri (University of Wisconsin-Madison)
Are Returns to Education on the Decline in Venezuela and Does Mission Sucre Have a Role to Play?
Naihobe Gonzalez (Columbia University)
Ruth Uwaifo Oyelere (Georgia Institute of Technology)
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Additional Returns to Investing in Girls' Education: Impact on Younger Sibling Human Capital
Javaeria Qureshi (University of Chicago)
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ABC 123: Can Mobile Phones Improve Learning: Evidence from a Field Experiment in Niger.
Jenny Aker (Tufts University)
Christopher Ksoll (Oxford University)
Travis Lybbert (University of California-Davis)
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Jan 08, 2012 8:00 am, Hyatt Regency, Columbian
American Economic Association
Robust Dynamic Contracting (C7)
Presiding: Sylvain Chassang (Princeton University)
Aligned Delegation
Alexander Frankel (Stanford University)
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Calibrated Incentive Contracts
Sylvain Chassang (Princeton University)
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Dynamic Contracts: Approximate Efficiency and Flexibility
Yuliy Sannikov (Princeton University)
Kyna Fong (Stanford University)
Insurance and Taxation over the Life Cycle
Ivan Werning (Massachusetts Institute of Technology)
Emmanuel Farhi (Harvard University)
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Discussants:
Sylvain Chassang (Princeton University)
Xavier Gabaix (New York University)
Jason Hartline (Northwestern University)
Rakesh Vohra (Northwestern University)
Jan 08, 2012 8:00 am, Hyatt Regency, Columbus IJ
American Economic Association
The Economic Implact of Global Banking (G1)
Presiding: Alexander Popov (European Central Bank)
'When the Cat's Away the Mice Will Play': Does Regulation at Home Affect Bank Risk-Taking Abroad?
Steven Ongena (Tilburg University)
Alexander Popov (European Central Bank)
Gregory F. Udell (Indiana University)
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Government Guarantees and Bank Risk Taking Incentives
Markus Fischer (Goethe University)
Christa Hainz (Ifo Institute for Economic Research)
Jorg Rocholl (European School of Management and Technology)
Sascha Steffen (ESMT European School of Management and Technology)
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Do Banks Benefit from Internationalization? Revisiting the Market Power-Risk Nexus
Claudia Buch (University of Tubingen)
Catherine Koch (University of Zurich)
Michael Kotter (University of Groningen)
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Shocks Abroad, Pain at Home? Bank-Firm Level Evidence on Financial Contagion during the Recent Financial Crisis
Steven Ongena (Tilburg University)
Jose-Luis Peydro (European Central Bank)
Neeltje van Horen (De Nederlandsche Bank)
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Discussants:
Jorg Rocholl (European School of Management and Technology)
Claudia Buch (University of Tubingen)
Steven Ongena (Tilburg University)
Florian Heider (European Central Bank)
Jan 08, 2012 8:00 am, Hyatt Regency, Water Tower
American Economic Association
The Impact of Negative Emotions on Economic Decisions (D1)
Presiding: Robert Frank (Cornell University)
Bad Moods and Overconfidence
John Ifcher (Santa Clara University)
Homa Zarghamee (Santa Clara University)
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Emotion Regulation Modulates Inequity Aversion in an Ultimatum Game
Renata Heilman (Babels-Bolyai University)
Andrei C. Miu (Babels-Bolyai University)
Daniel Houser (George Mason University)
New Survey Evidence on the Components of a National Well-Being Index
Dan Benjamin (Cornell University)
Ori Heffetz (Cornell University)
Miles Kimball (University of Michigan)
Nichole Elizabeth Szembrot (Cornell University)
Discussants:
Daniel Houser (George Mason University)
Shane Frederick (Yale University)
Angus Deaton (Princeton University)
Jan 08, 2012 8:00 am, Hyatt Regency, Gold Coast
American Economic Association
Water Rights: Historical Perspectives and Emerging Issues (N5)
Presiding: Zeynep Hansen (Boise State University and NBER)
The Evolving Impact of the Ogallala Aquifer: Agricultural Adaptation to Groundwater and Climate
Richard Hornbeck (Harvard University and NBER)
Pinar Keskin (Wellesley College)
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The Political Economy of Major Water Infrastructure Investments in the Western United States and the Impact on Agriculture
Zeynep K. Hansen (Boise State University and NBER)
Gary D. Libecap (University of California-Santa Barbara and NBER)
Scott E. Lowe (Boise State University)
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An Econometric Test of Water Market Structure in the Western United States
Kristiana Hansen (University of Wyoming)
Richard Howitt (University of California-Davis)
Jeffrey C Williams (University of California-Davis)
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Property Rights and Conjunctive Management: The Implications of Hydraulic Connectivity between Surface and Ground Water
Kelly M. Cobourn (Boise State University)
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Discussants:
Joseph Cullen (Washington University)
Pinar Keskin (Wellesley College)
Jason Hansen (Naval Postgraduate School)
Carl Kitchens (University of Arizona)
Jan 08, 2012 8:00 am, Hyatt Regency, Regency B
Society for the Advancement of Behavioral Economics/American Economic Association
Celebrating the 30th Anniversary of the Publication of Gary Becker's Treatise on the Family (D1)
Presiding: Aloysius Siow (University of Toronto)
The Economics of the Family and the Economics of Child Development
James J. Heckman (University of Chicago)
Equilibrium Models of the Marriage Market: Theory and Some Applications
Pierre-Andre Chiappori (Columbia University)
Gender, Culture and Division of Labor
Uri Gneezy (University of California-San Diego)
John A. List (University of Chicago)
Household Production and Racial Intermarriage
Shoshana A. Grossbard (San Diego State University and University of Zaragoza)
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Discussants:
Gary S. Becker (University of Chicago)
Jan 08, 2012 10:15 am, Hyatt Regency, Grand Suite 5
American Economic Association
Aspects of the Labor Market during the Great Recession (J6)
Presiding: Till Von Wachter (Columbia University)
Did Leisure Increase Following the 2008 Tax Rebates? Evidence from Daily Data.
Marta Lachowska (Upjohn Institute and Stockholm University)
Employment, Earnings, and Deferred Compensation During the Great Recession
Jeremy Skog (U.S. Census Bureau)
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Financing Constraints and Unemployment: Evidence from the Great Recession
Burcu Duygan-Bump (Federal Reserve Bank of Boston)
Alexey Levkov (Federal Reserve Bank of Boston)
Judit Montoriol-Garriga (Universitat Autònoma de Barcelona)
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Has the Great Recession Raised U.S. Structural Unemployment Rate?
Marcello M. Estevao (International Monetary Fund)
Evridiki Tsounta (International Monetary Fund)
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Immigration, Remittances and Business Cycles
Federico Mandelman (Federal Reserve Bank of Atlanta)
Andrei Zlate (Federal Reserve Board)
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Jan 08, 2012 10:15 am, Hyatt Regency, Toronto
American Economic Association
Consumer Credit (G2)
Presiding: Simon Firestone (Federal Reserve Board)
Credit Supply to Bankrupt Consumers: Evidence from Credit Card Mailings
Song Han (Federal Reserve Board)
Benjamin J Keys (Federal Reserve Board)
Geng Li (Federal Reserve Board)
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Does Bankruptcy Reduce Foreclosure?
Wenli Li (Federal Reserve Bank of Philadelphia)
Michelle J. White (University of California-San Diego)
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Information Asymmetries in Consumer Credit Markets
Paige Marta Skiba (Vanderbilt School of Law)
Will Doobie (Harvard University)
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Race, Ethnicity, and Credit Card Marketing
Simon Firestone (Federal Reserve Board)
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Jan 08, 2012 10:15 am, Hyatt Regency, Columbus EF
American Economic Association
Corruption (O1)
Presiding: Sendhil Mullainathan (Harvard University)
Corrupting Learning: Evidence from Missing Federal Education Funds in Brazil
Frederico Finan (University of California-Berkeley)
Claudio Ferraz (PUC-Rio)
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The Dynamic Effects of Information on Political Corruption: Theory and Evidence from Puerto Rico
Gustavo Bobonis (University of Toronto)
Luis Camara Fuertes (University of Puerto Rico-Río Piedras)
Rainer Schwabe (Banco de Mexico)
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Decentralization and the Political Economy of Water Pollution: Evidence from the Re-drawing of County Borders in Brazil
Mushfiq Mobarak (Yale School of Management)
Molly Lipscomb (University of Notre Dame)
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The Marginal Rate of Corruption in Public Programs
Paul Niehaus (University of California-San Diego)
Sandip Sukhtankar (Dartmouth College)
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Discussants:
Paul Niehaus (University of California-San Diego)
Claudio Ferraz (PUC-Rio)
Gustavo Bobonis (University of Toronto)
Mushfiq Mobarak (Yale School of Management)
Sandip Sukhtankar (Dartmouth College)
Jan 08, 2012 10:15 am, Hyatt Regency, Columbus IJ
American Economic Association
Does Uncertainty Matter for Business Cycles? (E3)
Presiding: Giuseppe Moscarini (Yale University)
Financial Markets and Fluctuations in Uncertainty
Cristina Arellano (Federal Reserve Bank of Minneapolis)
Yan Bai (Arizona State University)
Patrick Kehoe (Princeton University)
Estimating the Causal Effect of Uncertainty from Disaster Shocks
Scott Baker (Stanford University)
Nicholas Bloom (Stanford University)
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Financial Factors in Economic Fluctuations
Lawrence Christiano (Northwestern University)
Roberto Motto (European Central Bank)
Massimo Rostagno (European Central Bank)
Business Cycles and Endogenous Uncertainty
Rudiger Bachmann (University of Michigan)
Giuseppe Moscarini (Yale University)
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Jan 08, 2012 10:15 am, Hyatt Regency, Columbus KL
American Economic Association
Educational Choices and Returns to Skills (J3)
Presiding: Sergio Urzua (Northwestern University)
Early and Late Human Capital Investments, Borrowing Constraints, and the Family
Elizabeth Caucutt (University of Western Ontario)
Lance Lochner (University of Western Ontario)
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The Changing Roles of Education and Ability in Wage Determination
Gonzalo Castex (Central Bank of Chile)
Evgenia Dechter (University of New South Wales)
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The Effects of Schooling on Labor Market and Health Outcomes
James J. Heckman (University of Chicago)
John Eric Humphries (University of Chicago)
Sergio Urzua (Northwestern University)
Gregory Veramendi (Northwestern University)
The Impact of Early Cognitive and Non-cognitive Skills on Later Outcomes
Pedro Carneiro (University College London, Centre for Microdata Methods and Practice, and Georgetown University)
Claire Crawford (Institute for Fiscal Studies)
Alissa Goodman (Institute for Fiscal Studies)
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Discussants:
Baris Kaymak (Université de Montréal)
Philippe Belley (Kansas State University)
Gregorio Caetano (University of Rochester)
Joshua Kinsler (University of Rochester)
Jan 08, 2012 10:15 am, Hyatt Regency, Acapulco
American Economic Association
Family and Finance (D1)
Presiding: Pierre-André Chiappori (Columbia University)
Insurance and Investment within Family Networks
Manuela Angelucci (University of Michigan)
Giacomo De Giorgi (Stanford University)
Marcos A. Rangel (University of Sao Paolo)
Imran Rasul (University College London)
Exponential Individuals, Hyperbolic Households
Andrew Hertzberg (Columbia University)
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Intrahousehold Preference Heterogeneity, Commitment, and Strategic Savings
Simone Schaner (Massachusetts Institute of Technology)
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Financing from Family and Friends
Samuel Lee (New York University)
Petra Persson (Columbia University)
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Jan 08, 2012 10:15 am, Hyatt Regency, Regency A
American Economic Association
Household Finance and the Macro Economy (G1)
Presiding: Antoinette Schoar (Massachusetts Institute of Technology)
Household Balance Sheets, Consumption, and the Economic Slump
Atif Mian (University of California-Berkeley)
Amir Sufi (University of Chicago)
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Credit Supply and House Prices: Evidence from Mortgage Market Segmentation
Manuel Adelino (Dartmouth College)
Felipe Severino (Massachusetts Institute of Technology)
Antoinette Schoar (Massachusetts Institute of Technology)
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What Kinds of Annuities Do People Want?
John Beshears (Stanford University)
James Choi (Yale University)
David Laibson (Harvard University)
Brigitte Madrian (Harvard University)
Stephen Zeldes (Columbia University)
Discussants:
Ivan Werning (Massachusetts Institute of Technology)
Nicholas Souleles (University of Pennsylvania)
Annette Vissing Jorgensen (Northwestern University)
Jan 08, 2012 10:15 am, Hyatt Regency, Regency B
American Economic Association
Information, Financial Crisis and the Real Economy (G2)
Presiding: Olivier Blanchard (International Monetary Fund)
Interconnections and Volatility in Networks
Daron Acemoglu (Massachusetts Institute of Technology)
Asuman Ozdaglar (Massachusetts Institute of Technology)
Alireza Tahbaz-Salehi (Columbia University)
A Macroeconomic Model with a Financial Sector
Markus Brunnermeier (Princeton University)
Yuliy Sannikov (University of California-Berkeley)
Real and Financial Crises: The Role of Irreversibility and News in Micro-Macro Linkages
Stijn Claessens (International Monetary Fund)
Robert F. Owen (University of Nantes)
Thomas Vallee (University of Nantes)
A Model of Shadow Banking
Andrei Shleifer (Harvard University)
Nicola Gennaioli (CREA and Universitat Pompeu Fabra)
Robert W. Vishny (University of Chicago)
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Discussants:
Viral Acharya (New York University)
Itay Goldstein (University of Pennsylvania)
Gary Gorton (Yale University)
Nobuhiro Kiyotaki (Princeton University)
Jan 08, 2012 10:15 am, Hyatt Regency, Water Tower
American Economic Association
Innovation and Public Policy (O3)
Presiding: Joshua Gans (University of Toronto)
The Two Faces of Innovation
James Bessen (Boston University)
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A Simple Model of Copyright Levies: Implications for Harmonization
Jin-Hyuk Kim (University of Colorado-Boulder)
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Knowledge Linkages and Multi-Sector Firm Innovations
Nan Li (Ohio State University)
Jie Cai (University of New South Wales)
Science-Based Business: Knowledge Capital or Entrepreneurial Ability? Theory and Evidence from a Survey of Biotechnology Start-ups
Serguey Braguinsky (Carnegie Mellon University)
Yuji Honjo (Chuo University)
Sadao Nagaoka (Hitotsubashi University)
Kenta Nakamura (Kobe University)
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Maximizing the Value of Science: No News Can Be Good News
Michael Mandler (Royal Holloway College, University of London)
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Jan 08, 2012 10:15 am, Hyatt Regency, Columbus G
American Economic Association
International Finance (F3)
Presiding: Abigail Hornstein (Wesleyan University )
Foreign Exchange Intervention When Interest Rates Are Zero: Does the Portfolio Balance Channel Matter After All?
Rasmus Fatum (University of Alberta)
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Reserve Management and Sovereign Debt Cost in a World with Liquidity Crises
Flavia Corneli (Bank of Italy)
Emanuele Tarantino (University of Bologna)
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Financial Markets as a Commitment Device for the Government
Jenny Simon (Massachusetts Institute of Technology)
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Did Unconventional Interventions Unfreeze the Credit Market? Some International Evidence
Hui Tong (International Monetary Fund)
Shang-Jin Wei (Columbia University)
Discussants:
Tanseli Savaser (Williams College)
Bill Craighead (Wesleyan University)
Ergys Islamaj (Vassar College)
Abigail Hornstein (Wesleyan University)
Jan 08, 2012 10:15 am, Hyatt Regency, Regency C
American Economic Association
International Trade Agreements (F1)
Presiding: Mostafa Beshkar (University of New Hampshire)
Tariff Binding and Overhang: Theory and Evidence
Mostafa Beshkar (University of New Hampshire)
Eric W. Bond (Vanderbilt University)
Youngwoo Rho (Vanderbilt University)
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The Theory Of Optimal Delegation With An Application To Tariff Caps
Manuel Amador (Stanford University)
Kyle Bagwell (Stanford University)
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Exporting under Trade Policy Uncertainty: Theory and Evidence
Kyle Handley (University of Maryland)
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Uncertainty and Trade Agreements
Nuno Limao (University of Maryland)
Giovanni Maggi (Yale University)
Discussants:
Meredith Crowly (Federal Reserve Bank of Chicago)
Jee-Hyeong Park (Seoul National University)
Taiji Furusawa (Hitotsubashi University)
Mostafa Beshkar (University of New Hampshire)
Jan 08, 2012 10:15 am, Hyatt Regency, Regency D
American Economic Association
Lessons from the Past for Today's Fiscal Adjustment Plans (H6)
Presiding: Paolo Mauro (International Monetary Fund)
The Liquidation of Government Debt
Carmen M. Reinhart (Peterson Institute of International Economics)
M. Belen Sbrancia (University of Maryland)
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When and Why Fiscal Adjustments are Successful
Alberto Alesina (Harvard University)
Silvia Ardagna (Bank of America Merrill Lynch)
From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU
Roel M.W.J. Beetsma (University of Amsterdam, CEPR, CESifo and Tinbergen Institute)
Massimo Giuliodori (University of Amsterdam)
Peter J. Wierts (De Nederlandsche Bank (Dutch Central Bank))
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Chipping Away at the Public Debt—A Statistical Analysis of Large Fiscal Adjustment Plans in European Union Member Countries, 1991-2007
S. Ali Abbas (International Monetary Fund)
Fuad Hasanov (International Monetary Fund)
Paolo Mauro (International Monetary Fund)
Junghyung Park (International Monetary Fund)
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Discussants:
Antonio Fatas (INSEAD, France)
Philip Lane (Trinity College, Dublin)
Glenn Follette (Federal Reserve Board)
Eric M. Leeper (Indiana University)
Jan 08, 2012 10:15 am, Hyatt Regency, Columbus H
American Economic Association
Multi-Product Firms and Product Quality in International Trade (F1)
Presiding: Kalina Manova (Stanford University)
Trading Away Wide Brands for Cheap Brands
Swati Dhingra (Princeton University and London School of Economics)
Exports, Export Destinations, and Skills
Irene Brambilla (Universidad de San Andrés)
Daniel Lederman (World Bank)
Guido Porto (Universidad Nacional de La Plata)
Multi-Product Firms and Product Quality
Kalina Manova (Stanford University)
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Discussants:
Marc Muendler (University of California-San Diego)
Robert Johnson (Dartmouth College)
Jim Tybout (Pennsylvania State University)
Jan 08, 2012 10:15 am, Hyatt Regency, Hong Kong
American Economic Association
Real-Time Density Forecasting (C5)
Presiding: Simon van Norden (HEC Montreal, CIRANO and CIREQ)
Real-Time Forecasting with a Mixed Frequency VAR
Frank Schorfheide (University of Pennsylvania)
Dongho Song (University of Pennsylvania)
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Density Forecasts in the Presence of Instabilities
Barbara Rossi (Duke University)
Tatevik Sekhposyan (Bank of Canada)
Nowcasting GDP in Real Time: A Density Combination Approach
Knut Are Aastveit (Norges Bank)
Karsten R. Gerdrup (Norges Bank)
Anne Sofie Jore (Norges Bank)
Leif Anders Thorsrud (BI Norwegian Business School and Norges Bank)
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Analyzing the Effect of Data Revisions on Predictive Densities in a Small-Scale DSGE Model
Dean Croushore (University of Richmond)
Keith Sill (Federal Reserve Bank of Philadelphia)
Discussants:
Jonathan Wright (Johns Hopkins University)
Francis X. Diebold (University of Pennsylvania)
Ed Herbst (University of Pennsylvania)
Simon van Norden (HEC Montreal, CIRANO and CIREQ)
Jan 08, 2012 10:15 am, Hyatt Regency, Skyway 260
American Economic Association
Structural Change, Growth and Welfare in the Global Economy (F4)
Presiding: Kei-Mu Yi (Federal Reserve Bank of Minneapolis)
Structural Change in Open Economies
Kei-Mu Yi (Federal Reserve Bank of Minneapolis)
Jing Zhang (University of Michigan)
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International Trade: Linking Micro and Macro
Jonathan Eaton (Pennsylvania State University)
Samuel Kortum (University of Chicago)
Sebastian Sotelo (University of Chicago)
A Global View of Productivity Growth in China
Chang-Tai Hsieh (University of Chicago)
Ralph Ossa (University of Chicago)
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The Evolution of Comparative Advantage
Andrei Levchenko (University of Michigan)
Jing Zhang (University of Michigan)
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Discussants:
Rachel Ngai (London School of Economics)
Diego Restuccia (University of Toronto)
Francisco Buera (Federal Reserve Bank of Minneapolis)
Michael Waugh (New York University)
Jan 08, 2012 10:15 am, Hyatt Regency, Gold Coast
American Economic Association
The International Transmission of Financial Shocks: Bank-Level Evidence from the 2007-2009 Crisis (F3)
Presiding: Erik Berglöf (European Bank for Reconstruction and Development (EBRD))
Foreign Banks in the Great Recesssion: Diversity in Internal and External Lending
Linda S. Goldberg (Federal Reserve Bank of New York)
Nicola Cetorelli (Federal Reserve Bank of New York)
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Flight Home, Flight Abroad, and International Credit Cycles
Mariassunta Giannetti (Stockholm School of Economics)
Luc Laeven (International Monetary Fund)
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From Financial Crisis to Great Recession: The Transmission Role of Globalized Banks
Shekhar Aiyar (International Monetary Fund)
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Bank Funding Constraints and International Shock Transmission during the 2007-09 Crisis
Ralph De Haas (European Bank for Reconstruction and Development (EBRD))
Neeltje Van Horen (De Nederlandsche Bank)
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Discussants:
Jeromin Zettelmeyer (European Bank for Reconstruction and Development)
Nicola Cetorelli (Federal Reserve Bank of New York)
Neeltje Van Horen (De Nederlandsche Bank)
Mariassunta Giannetti (Stockholm School of Economics)
Jan 08, 2012 10:15 am, Hyatt Regency, Grand Suite 3
American Economic Association
The Role of Information in Decisions about Public Education (I2)
Presiding: Diane Schanzenbach (Northwestern University)
Private Contracting by Public Schools: Evidence from the Market for Comprehensive School Reform
Silke Forbes (University of California-San Diego)
Nora Gordon (Georgetown University)
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Principal Quality and the Labor Market for Public School Administrators
Julie Berry Cullen (University of California-San Diego)
Michael J. Mazzeo (Northwestern University)
School Quality and Information Disclosure: Evidence from the Housing Market
Paul Carrillo (George Washington University)
Stephanie Reigg Cellini (George Washington University)
Richard K. Green (University of Southern California)
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Discussants:
Jacob Vigdor (Duke University)
Jesse Rothstein (University of California-Berkeley)
David Figlio (Northwestern University)
Jan 08, 2012 10:15 am, Hyatt Regency, Grand Ballroom A
American Economic Association
What Happened to the U.S. Employment Miracle? (J6) (Panel Discussion)
Panel Moderator: Janice Eberly (Northwestern University)
Steven J. Davis (University of Chicago)
Henry Farber (Princeton University)
Lawrence Katz (Harvard University)
Robert Shimer (University of Chicago)
Jan 08, 2012 10:15 am, Hyatt Regency, Columbus CD
American Economic Association
Women and the Firm (Y9)
Presiding: Marjorie McElroy (Duke University)
Affirmative Action in Korea: Its Impact on Women’s Employment, Corporate Performance and Economic Growth
Jin Hwa Jung (Seoul National University)
Hyo-Yong Sung (Sungshin Women’s University)
Hyun-Sook Kim (Soongsil University)
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Business Cycles and Gender Diversification: An Analysis of Staffing Patterns by Industry and Firm Size
Cynthia Bansak (St. Lawrence University)
Mary Graham (Clarkson University)
Alan Zebedee (Clarkson University)
Layoff Decisions at Women-Owned Businesses in the United States
David Matsa (Northwestern University)
Amalia Miller (University of Virginia)
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Men are from Mars, Women are from Venus: Gender and Mergers and Acquisitions
Kai Li (University of British Columbia)
Maurice Levy (University of British Columbia)
Feng Zhang (University of British Columbia)
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Discussants:
Sabrina Pabilonia (Bureau of Labor Statistics)
Julie Smith (Lafayette College)
Cristian Bartolucci (Collegio Carlo Alberto)
Johanna L. Francis (Fordham University)
Jan 08, 2012 10:15 am, Swissotel, Vevey 2
Association for Comparative Economic Studies/American Economic Association
Institutions, Crises, and Creative Destruction (O1)
Presiding: John Haltiwanger (University of Maryland and NBER)
Do Crises Catalyze Creative Destruction? Firm-Level Evidence from Indonesia
Mary Hallward-Driemeier (World Bank)
Bob Rijkers (World Bank)
Scarring Recessions and Credit Constraints: Evidence from Colombian Firm Dynamics
Marcela Eslava (Universidad de Los Andes)
Arturo Galindo (InterAmerican Development Bank)
Marc Hofstetter (Universidad de Los Andes)
Alejandro Izquierdo (InterAmerican Development Bank)
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U.S. Job Creation and Firm Dynamics in the Great Recession: Cyclical and Secular Factors
John Haltiwanger (University of Maryland and NBER)
Ron Jarmin (U.S. Bureau of the Census)
Javier Miranda (U.S. Bureau of the Census)
Institutions and Creative Destruction in the Postcommunist Transition: A Comparative Firm-Level Analysis
J. David Brown (U.S. Bureau of the Census)
John S. Earle (George Mason University and Central European University)
Discussants:
Jonathan Haskel (Imperial College London)
John J. Stevens (Federal Reserve Board)
Francis Kramarz (CREST)
Eric J. Bartelsman (Free University of Amsterdam)
Jan 08, 2012 10:15 am, Palmer House Hilton, Wabash
Union for Radical Political Economists/American Economic Association
Economics and Ethics (A1)
Presiding: Ann Davis (Marist College)
How Economics Undermines Our Relationships With Each Other and With the Planet
Stephen Marglin (Harvard University)
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Where Positive Meets Normative: Economics, Economists, and the Matter of Harm
George DeMartino (University of Denver)
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The Economy is Reasonably Ethical, But Samuelsonian Economics is Not
Deirdre McCloskey (University of Illinois-Chicago)
Discussants:
Thomas Leonard (Princeton University)
Jonathan Feinstein (Yale University)
William Lazonick (University of Massachusetts-Lowell)
Jan 08, 2012 1:00 pm, Hyatt Regency, Atlanta
American Economic Association
Air Pollution and Development (Q5)
Presiding: Rema Hanna (Harvard University)
The Effect of Pollution on Labor Supply: Evidence from a Natural Experiment in Mexico City
Rema Hanna (Harvard University)
Paulina Oliva (University of California-Santa Barbara)
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Air Pollution Control in India: Getting the Prices Right
Maureen Cropper (University of Maryland and Resources for the Future)
Shama Gamkhar (University of Texas-Austin)
Alex Limonov (Resources for the Future)
Kabir Malik (University of Maryland)
Ian Partridge (University of Texas-Austin)
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The Long-Run Impact of Air Pollution on Life Expectancy: Evidence from China’s Huai River Policy
Yuyu Chen (Peking University)
Avraham Ebenstein (Hebrew University of Jerusalem)
Michael Greenstone (Massachusetts Institute of Technology and NBER)
Hongbin Li (Tsinghua University)
Import Competition and Environmental Performance: Evidence from Mexican Plant-level and Satellite Imagery Data
Emilio Gutierrez Fernandez (CIE-ITAM)
Kensuke Teshima (CIE-ITAM)
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Discussants:
Matthew Neidell (Columbia University)
Rema Hanna (Harvard University)
Maureen Cropper (Univesity of Maryland and Resources for the Future)
Paulina Oliva (University of California-Santa Barbara)
Jan 08, 2012 1:00 pm, Hyatt Regency, Toronto
American Economic Association
Banking in Crisis (G2)
Presiding: Amit Seru (University of Chicagoi)
Liberalization, Bank Governance, and Risk Taking
Manuel Illueca (Universitat Jaume I)
Lars Norden (Erasmus University)
Gregory F. Udell (Indiana University)
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How do banks react to increased credit risks? Evidence from Hurricane Katrina
Claudia Lambert (Goethe University of Frankfurt)
Ulrich Schuewer (Goethe University of Frankfurt)
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Bank Organization, Market Structure and Risk Taking: Theory and Evidence from U.S. Commercial Banks
Martin Goetz (Federal Reserve Bank of Boston)
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International Banks and the Cross-Border Transmission of Business Cycles
Rocardo Correa (Federal Reserve Board)
Horacio Sapriza (Federal Reserve Board)
Andrei Zlate (Federal Reserve Board)
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Discussants:
Todd Gormley (University of Pennsylvania)
Adi Sunderam (Harvard University)
Jose Liberti (DePaul University)
Philipp Schnabl (New York University)
Jan 08, 2012 1:00 pm, Hyatt Regency, Skyway 260
American Economic Association
Climate Change Policy in a Risky World (Q5)
Presiding: Kenneth Judd (Hoover Institution)
The Optimal Allocation of Global Land Use in the Food-Energy-Environment Trilemma
Thomas Hertel (Purdue University)
Jevgenijs Steinbuks (Purdue University)
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Robust Emissions Policies in a Northian Heat Balance Model of Global Warming
William Brock (University of Wisconsin)
Optimal Policy Response to Tipping Point Risks
Kenneth Judd (Hoover Institution)
Thomas Lontzek (University of Zurich)
The Cost of Climate Change Risk
Kenneth Judd (Hoover Institution)
Jan 08, 2012 1:00 pm, Hyatt Regency, Columbian
American Economic Association
Corruption II (K4)
Presiding: Ralph Bayer (University of Adelaide)
Black Markets and Economic Sanctions
Ioana Petrescu (University of Maryland-College Park)
The Role Political Connections Play in Access to Finance: Evidence from Cross-Listing
Brian Kelleher Richter (University of Western Ontario)
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Displacing Corruption
Sandra Sequeira (London School of Economics)
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Bribes for Sales: Evidence from the Second Set of Books
Anh Tran (Indiana University)
Shawn Cole (Harvard Business School)
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Importing Corruption Norms from Overseas: Evidence from Corporate Tax Evasion in the U.S.
Jason Matthew DeBacker (U.S. Department of the Treasury)
Bradley T. Heim (Indiana University)
Anh N. Tran (Indiana University)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Columbus CD
American Economic Association
Designing Effective School Choice Mechanisms (I2)
Presiding: Diane Schanzenbach (Northwestern University)
School Choice, School Quality and College Attendance
David Deming (Harvard University)
Justine Hastings (Brown University)
Thomas Kane (Harvard University)
Douglas Staiger (Dartmouth University)
[Download Preview]
Charter School Entry and Student Choice: The Case of Washington, D.C.
Maria M Ferreyra (Carnegie Mellon University)
Grigory Kosenok (New Economic School-Moscow)
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Promoting School Competition through School Choice: A Market Design Approach
John W. Hatfield (Stanford University)
Fuhito Kojima (Stanford University)
Yusuke Narita (Massachusetts Institute of Technology)
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From Boston to Shanghai to Deferred Acceptance: Theory and Experiments on A Family of School Choice Mechanisms
Onur Kesten (Carnegie Mellon University)
Yan Chen (University of Michigan)
Discussants:
Kevin Stange (University of Michigan)
Justine Hastings (Brown University)
Onur Kesten (Carnegie Mellon University)
Fuhito Kojima (Stanford University)
Jan 08, 2012 1:00 pm, Hyatt Regency, Columbus IJ
American Economic Association
DSGE Model Forecasts (E3)
Presiding: Mark Watson (Princeton University)
Model Comparisons in Unstable Environments
Raffaella Giacomini (University College London)
Barbara Rossi (Duke University)
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Judging the DSGE Model by Its Forecast
Rochelle M. Edge (Federal Reserve Board)
Refet S. Gürkaynak (Bilkent University)
Burçin Kısacıkoğlu (Johns Hopkins University)
Incorporating External Information into DSGE Model Forecasts
Marco Del Negro (Federal Reserve Bank of New York)
Frank Schorfheide (University of Pennsylvania)
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Professional Forecasters and the Identification of Shocks in a DSGE Model
Frank Smets (European Central Bank)
Raf Wouters (National Bank of Belgium)
Discussants:
Marco Del Negro (Federal Reserve Bank of New York)
Mark Watson (Princeton University)
Keith Sill (Federal Reserve Bank of Philadelphia)
Jonathan H. Wright (Johns Hopkins University)
Jan 08, 2012 1:00 pm, Hyatt Regency, Columbus KL
American Economic Association
Empirical Approaches to Sovereign Debt Default and Monetary-Fiscal Interactions (H6)
Presiding: Eric M. Leeper (Indiana University)
Estimating Sovereign Default Risk
Huixin Bi (Bank of Canada)
Nora Traum (North Carolina State University)
[Download Preview]
Monetary/Fiscal Policy Mix and Agents' Beliefs
Francesco Bianchi (Duke University)
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Monetary-Fiscal Policy Interactions and Indeterminacy in Post-War U.S. Data
Saroj Bhattarai (Pennsylvania State University)
Jae Won Lee (Rutgers University)
Woong Yong Park (University of Hong Kong)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Acapulco
American Economic Association
Experiments on Household and Business Finance (O1)
Presiding: Nathan Fiala (World Bank)
Bringing the Bank to Your Door: Uptake among the Poor in a Financial Inclusion and Savings Program
Nathan Fiala (World Bank)
Searching for the Source of Savings: Deposit Collectors in Sri Lanka
Christopher Woodruff (University of Warwick)
Michael Callen (University of California-San Diego)
Suresh de Mel (University of Peradeniya)
Craig McIntosh (University of California-San Diego)
Unpacking the Causal Chain of Financial Literacy
Fenella Carpena (University of California-Berkeley)
Shawn Cole (Harvard Business School)
Jeremy Shapiro (GiveDirectly)
Bilal Zia (World Bank)
[Download Preview]
Strategic Default in Joint Liability Groups: Evidence from a Natural Experiment in India
Xavier Gine (World Bank)
Karuna Krishnaswamy (CGAP)
Alejandro Ponce (World Justice Project)
[Download Preview]
Discussants:
Nathan Fiala (World Bank)
Christopher Woodruff (University of Warwick)
Bilal Zia (World Bank)
Xavier Gine (World Bank)
Jan 08, 2012 1:00 pm, Hyatt Regency, Wrigley
American Economic Association
Financial Access and Economic Development (O1)
Presiding: Benjamin Moll (Princeton University)
Targeting the Poor: A Macroeconomic Analysis of Cash Transfer Programs
Eduardo Zilberman (New York University)
Tiago Couto Berriel (FGV-EPGE)
[Download Preview]
Networks, Finance, and Development: Evidence from Hunter-Gatherers
Farzad Saidi (New York University)
[Download Preview]
Verifying the State of Financing Constraints: Evidence from U.S. Business Credit Contracts
Ralf R Meisenzahl (Federal Reserve Board)
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Beyond Microcredit: Giving the Poor a Way to Save Their Way out of Poverty
Kumar Aniket (University of Cambridge)
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Is Small Beautiful? An Evaluation of India's Product Reservation Policy for SSEs.
Ishani Tewari (Brown University)
Jan 08, 2012 1:00 pm, Hyatt Regency, Grand Suite 5
American Economic Association
Global Production Chains (F1)
Presiding: Pol Antras (Harvard University)
Global Supply Chains and Wage Inequality
Arnaud Costinot (Massachusetts Institute of Technology)
Jonathan Vogel (Columbia University)
Su Wang (Massachusetts Institute of Technology)
[Download Preview]
Sustaining Production Chains Through Financial Linkages
Se-Jik Kim (Seoul National University)
Hyun Song Shin (Princeton University)
[Download Preview]
Proximity and Production Fragmentation
Robert C. Johnson (Dartmouth College)
Guillermo Noguera (University of California-Berkeley)
[Download Preview]
Measuring the Upstreamness of Production and Trade Flows
Pol Antras (Harvard University)
Davin Chor (Singapore Management University)
Thibault Fally (University of Colorado)
Russell Hillberry (University of Melbourne)
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Discussants:
Esteban Rossi-Hansberg (Princeton University)
Charles I. Jones (Stanford University)
Kei-Mu Yi (Federal Reserve Bank of Minneapolis)
Jonathan Vogel (Columbia University)
Jan 08, 2012 1:00 pm, Hyatt Regency, Water Tower
American Economic Association
Inattentiveness in Pricing Models and Beyond (D8)
Presiding: Christian Hellwig (Toulouse School of Economics)
A "Quantized" Approach to Rational Inattention
Gilles Saint-Paul (Toulouse School of Economics)
[Download Preview]
Hayek vs. Keynes: Dispersed information and market prices
Christian Hellwig (Toulouse School of Economics)
Venky Venkateswaran (Pennsylvania State University)
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Price Adjustment in a Model with Multiple-Price Policies
Luminita Stevens (Columbia University)
Optimality of Securitized Debt with Endogenous and Flexible Information Acquisition
Ming Yang (Princeton University)
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Discussants:
Mirko Wiederholt (Northwestern University)
Filip Matejka (CERGE-EI)
Alisdair McKay (Boston University)
Jakub Steiner (Northwestern University and CERGE-EI)
Jan 08, 2012 1:00 pm, Hyatt Regency, Columbus G
American Economic Association
Institutions and Geography (Y)
Presiding: Joachim Voth (Universitat Pompeu Fabra)
City Seeds: Geography and the Origins of the European City System
Maarten Bosker (Groningen University and Utrecht University)
Eltjo Buringh (Utrecht University)
[Download Preview]
The Determinants of Geographic Concentration of Industry: A Quantitative Analysis
Luis Cabral (New York University and IESE Business School)
Zhu Wang (Federal Reserve Bank of Richmond)
Yi Xu (Duke University)
[Download Preview]
Men, Women, and the Ballot: Gender Imbalances and Suffrage Extensions in US States
Sebastian Braun (Kiel Institute for the World Economy)
Michael Kvasnicka (RWI)
[Download Preview]
Property Rights and the First Great Divergence: Europe 1500-1800
Cem A. Karayalcin (Florida International University)
[Download Preview]
The Deterrent Effect of the Death Penalty? Evidence from British Commutations During World War I
Daniel L Chen (Duke University)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Gold Coast
American Economic Association
Labor Market Impacts of Trade (F1)
Presiding: Adriana Kugler (Georgetown University)
Trade Liberalization in the Presence of Labor Market Regulations: Evidence from Matched Employer-Employee Data in Brazil
Rita Almeida (World Bank)
Jennifer P Poole (University of California-Santa Cruz)
The Costs of Worker Displacement under Trade Liberalization in Colombia
Marcela Eslava (Universidad de los Andes)
John Haltiwanger (University of Maryland)
Adriana Kugler (Georgetown University)
Maurice Kugler (World Bank)
Trade Liberalization, Labor Reforms and Formal-Informal Employment Dynamics
Mariano Bosch (Universidad de Alicante)
Edwin Goni-Pacchioni (European University Institute)
William Maloney (World Bank)
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Trade Liberalization and Labor Market Dynamics
Rafael Dix-Carneiro (University of Maryland)
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Discussants:
Petia Topalova (International Monetary Fund)
Daniel Lederman (World Bank)
Sebastian Galiani (Washington University in St. Louis)
Nicholas Sly (University of Oregon)
Jan 08, 2012 1:00 pm, Hyatt Regency, Buckingham
American Economic Association
Mismatch and Structural Unemployment (E2)
Presiding: Thijs van Rens (CREI and Universitat Pompeu Fabra)
Home Equity, Mobility and Macroeconomic Fluctuations
Vincent Sterk (University of Amsterdam)
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What Drives Matching Efficiency? A Tale of Composition and Dispersion
Regis Barnichon (Federal Reserve Board)
Andrew Figura (Federal Reserve Board)
Measuring Mismatch in the U.S. Labor Market
Aysegul Sahin (Federal Reserve Bank of New York)
Joseph Song (Federal Reserve Bank of New York)
Giorgio Topa (Federal Reserve Bank of New York)
Giovanni L. Violante (New York University)
Structural Unemployment
Benedikt Herz (Universitat Pompeu Fabra)
Thijs van Rens (CREI and Universitat Pompeu Fabra)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Regency A
American Economic Association
New Perspectives on the Great Depression (N1)
Presiding: Richard Sylla (New York University)
The Great Depression and the Great Recession: What Have We Learnt?
Michael Bordo (Rutgers University)
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Explaining High Frequency Output Fluctuations during the Great Depression
Scott Sumner (Bentley College)
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The French Gold Sink and the Great Deflation
Douglas Irwin (Dartmouth College)
[Download Preview]
Discussants:
Richard Sylla (New York University)
Hugh Rockoff (Rutgers University)
Jason Taylor (Central Michigan University)
Ruediger Bachmann (University of Michigan)
Jan 08, 2012 1:00 pm, Hyatt Regency, Columbus H
American Economic Association
Price-Setting and Macroeconomic Adjustment (E6)
Presiding: Klaus Adam (University of Mannheim)
Non-constant Hazard Function and Inflation Dynamics
Fang Yao (University of Erlangen-Nürnberg)
[Download Preview]
Public's Inflation Expectations and Monetary Policy
Leonardo Melosi (London Business School)
[Download Preview]
Reference Prices and Costs in the Cross-Section: Evidence from Chile
Andres E. Elberg (Universidad Diego Portales)
[Download Preview]
State-Dependent Pricing and Optimal Monetary Policy
Denny Lie (University of Sydney)
[Download Preview]
Estimating Strategic Complementarity in a State-Dependent Pricing Model
Marco Bonomo (Getulio Vargas Foundation)
Arnildo Correa (Central Bank of Brazil)
Marcelo Medeiros (Pontifical Catholic University of Rio de Janeiro)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Hong Kong
American Economic Association
Tax Incidence (H2)
Presiding: Jennifer Gravelle (Congressional Budget Office)
Optimal Taxation with Rent-Seeking
Casey Rothschild (Wellesley College)
Florian Scheuer (Stanford University)
Capital Gains Taxes and the Cost of Capital: Estimation Based on Natural Experiments That Transfer Tax Bases Across Countries
Harry Huizinga (Tilburg University)
Johannes Voget (Mannheim University)
Wolf Wagner (Tilburg University)
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Measuring the Burden of the Corporate Income Tax under Imperfect Competition
Li Liu (University of Oxford)
Rosanne Altshuler (Rutgers University)
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Sharing the Burden: Empirical Evidence on Corporate Tax Incidence
Nadja Dwenger (Max Planck Institute for Tax Law and Public Finance)
Pia Rattenhuber (DIW Berlin)
Viktor Steiner (Free University Berlin)
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A New Approach to Estimate the Incidence of the Corporate Income Tax
Harold A. Vasquez-Ruiz (Georgia State University)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Regency D
American Economic Association
The Economics of Infectious Disease (I1)
Presiding: Tomas Philipson (University of Chicago)
The Optimal Control of Infectious Diseases via Prevention and Treatment
Flavio Toxvaerd (University of Cambridge)
Robert Rowthorn (University of Cambridge)
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Disinhibition and Immiserization in a Model of Susceptible-Infected-Susceptible (SIS) Diseases
Mark Gersovitz (Johns Hopkins University)
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Equilibrium and Efficiency in a Model of Public Avoidance during Epidemics
Frederick Chen (Wake Forest University)
A Quantitative Theory of HIV Diffusion
Rody Manuelli (Washington University in St. Louis)
Raul Santaeulalia-Llopis (Washington University in St. Louis)
[Download Preview]
Jan 08, 2012 1:00 pm, Hyatt Regency, Regency C
American Economic Association
The Economics of Managers and Management (J4)
Presiding: John Van Reenen (London School of Economics)
The Value of Bosses
Edward Lazear (Stanford University)
Kathryn Shaw (Stanford University)
Christopher Stanton (Stanford University)
Management practices across firms and countries
John Van Reenen (London School of Economics)
Nick Bloom (Stanford University)
Raffaella Sadun (Harvard Business school)
[Download Preview]
Muddles and Models of Management: Sorting Out the Puzzle of Firm Heterogeneity
Sidney Winter (University of Pennsylvania)
[Download Preview]
The Importance of Being Nice: Supervisory Skills Training in the Cambodian Garment Industry
Antoinette Schoar (Massachusetts Institute of Technology)
Discussants:
John Abowd (Cornell University)
Marianne Bertrand (University of Chicago)
Luis Garicano (London School of economics)
John Roberts (Stanford University)










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