These are 2008 AEA Conference Papers; please see also the full 2009 ASSA Preliminary Program Schedule. For Instructions to authors of Papers & Proceedings, see http://www.aeaweb.org/aer/papers.html.
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New: Go to Author Index (Sorted by Name or by Affiliation) |
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Friday, January 4, 8:00 AM
| Friday, January 4, 8:00 AM |
| Session: Better Living Through Economics: I (AEA) |
Presiding: John Siegfried (Vanderbilt University)
Using Economic Theory and Empirical Results to Improve the World We Live In Charles Plott (California Institute of Technology)
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| Friday, January 4, 8:00 AM |
| Session: Dynamic Bargaining and Coalition Formation (AEA) |
Presiding: Muhamet Yildiz (Massachusetts Institute of Technology)
Durability of Bargaining Power and Deadline Effect Alp Simsek (Massachusetts Institute of Technology) Muhamet Yildiz (Massachusetts Institute of Technology)
Bargaining With Arrival of New Traders William Fuchs (University of Chicago) Andrzej Skrzypacz (Stanford University Graduate School of Business) Download Full-Text of Paper
Coalition Formation in Nondemocracies Daron Acemoglu (Massachusetts Institute of Technology) Georgy Egorov (Harvard University) Konstantin Sonin (New Economic School) Download Full-Text of Paper
Fixed Deadline Multilateral Bargaining with Random Arrival Times Attila Ambrus (Harvard University) Shih-En Lu (Harvard University)
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| Friday, January 4, 8:00 AM |
| Session: The Economic Effects of Informal Care around the World (AEA) |
Presiding: Courtney van Houtven (Duke University)
The Effect Of Parental Caregiving On Adult Children's Health and Wealth Norma Coe (Tilburg University) Courtney van Houtven (Duke University)
Do Matching Transfers Provide a Tailor-made Solution to the LTC-SI in Germany? Evidence from Social Experiments in Germany Alexander Spearmann (ZEW-Centre for European Economic Research) Melanie Arntz (ZEW-Centre for European Economic Research) Stephan Thomsen (ZEW-Centre for European Economic Research)
Caring for Parents and Employment Status of European Mid-Life Women Laura Crespo (Centro de Estudios Monetarios y Financieros (CEMFI))
Informal Care and Employment in England: Evidence from the British Household Panel Survey Pierre-Carl Michaud (RAND Corporation) Axel Heitmueller (London Business School and Prime Minister's Strategy Unit)
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| Friday, January 4, 8:00 AM |
| Session: Asset Prices with Learning (AEA) |
Presiding: Klaus Adam (European Central Bank)
The Market Price of Risk and the Equity Premium: A Legacy of the Great Depression? Timothy Cogley (University of California, Davis) Thomas J. Sargent (New York University)
Evolving Macroeconomic Perceptions and the Term Structure of Interest Rates Athanasios Orphanides (Central Bank of Cyprus) Min Wei (Federal Reserve Board) Download Full-Text of Paper
Can Perpetual Learning Explain the Forward Premium Puzzle? Avik Chakraborty (University of Tennessee) George Evans (University of Oregon) Download Full-Text of Paper
Stock Market Volatility and Learning Klaus Adam (European Central Bank) Albert Marcet (CREI, Pompeu Fabra, IAB) Juan Pablo Nicolini (Universidad Torcuato di Tella) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: Technology Adoption in Developing Countries (AEA) |
Presiding: Dean Yang (University of Michigan)
Selection and Comparative Advantage in Technology Adoption Tavneet Suri (Massachusetts Institute of Technology)
Technology Adoption and Network Formation: Evidence from a Horticultural Credit and Export Program in Kenya Xavier Gine (World Bank) Nava Ashraf (Harvard University) Dean Karlan (Yale University)
Insurance, Credit, and Technology Adoption: Field Experimental Evidence from Malawi Dean Yang (University of Michigan) Xavier Gine (World Bank) Download Full-Text of Paper
Causes and Consequences of Indoor Air Pollution: A Randomized Intervention Study in Bangladesh A. Mushfiq Mobarak (University of Colorado) Grant Miller (Stanford University) Lynn Hildemann (Stanford University)
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| Friday, January 4, 8:00 AM |
| Session: Dynamic Tradeoffs in Health Care Decisions (AEA) |
Presiding: Hanming Fang (Yale University)
Social Smoking versus Addiction Jerome Adda (University College London, UK)
The Impact of Unemployment on Health Investments and Risky Behaviors John Cawley (Cornell University) Feng Liu (Cornell University)
Dynamic Inefficiencies in Health Care Markets Hanming Fang (Yale University) Alessandro Gavazza (Yale University)
Time Preference, Time Discounting, and Smoking Decisions Ahmed Khwaja (Duke University) Dan Silverman (University of Michigan) Frank Sloan (Duke University) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: Marriage Markets: Theory and Empirics (AEA) |
Presiding: Christopher Flinn (New York University)
Social Norms and Demographic Shocks: Marriage Markets and Dowries in Medieval Tuscany Maristella Botticini (University of Torino)
Are Working Women Good for Marriage? Zvika Neeman (Boston University) Andrew Newman (Boston University) Claudia Olivetti (Boston University)
Household Time Allocation and Modes of Behavior: A Theory of Sorts Daniela Del Boca (Univeristy of Torino) Christopher Flinn (New York University) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: Neural Foundations of Simple Economic Decision Making (AEA) |
Presiding: Antonio Rangel (California Institute of Technology)
Neural Predictors of Purchases Brian Knutson (Stanford University) Scott Rick (Carnegie Mellon University) Elliott Wimmer (Stanford University) Drazen Prelec (Massachusetts Institute of Technology) George Loewenstein (Carnegie Mellon University)
The Neural Basis for the Computation of Decision Values in Simple Economic Choice Hilke Plassman (California Institute of Technology) John O'Doherty (California Institute of Technology) Antonio Rangel (California Institute of Technology)
Losses loom larger than gains on the brain: The Neural Basis of loss aversion in decision making under risk Craig Fox (University of California, Los Angeles) Sabrina Tom (University of California, Los Angeles) Chrisopher Trepel (University of California, Los Angeles) Russell Poldrack (University of California, Los Angeles) Download Full-Text of Paper
Neural Mechanisms Underlying Temptation and Control David Laibson (Harvard University) Samuel McClure (Princeton University) Dan Ariely (Massachusetts Institute of Technology) Jonathan Cohen (Princeton University)
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| Friday, January 4, 8:00 AM |
| Session: New Evidence on the Great Moderation of US Business Cycle volatility (AEA) |
Presiding: Giorgio Primiceri (Northwestern University)
VAR Analysis and the Great Moderation Luca Benati (European Central Bank) Paolo Surico (Bank of England) Download Full-Text of Paper
First Time Home Buyers and Residential Investment Volatility Jonas Fisher (Federal Reserve Bank of Chicago) Martin Gervais (University Western Ontario)
Has the Federal Reserve's Inflation Target Changed? Zheng Liu (Emory University) Daniel Waggoner (Federal Reserve Bank of Atlanta) Tao Zha (Federal Reserve Bank of Atlanta) Download Full-Text of Paper
How Structural are Structural Parameters? Time-Varying Parameters and the Great Moderation Jesus Fernandez-Villaverde (University of Pennsylvania) Juan Rubio-Ramirez (Duke University)
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| Friday, January 4, 8:00 AM |
| Session: Macroeconomic News and Financial Markets (AEA) |
Presiding: Samuel Reynard (Swiss National Bank)
Strategic Order Flow in On-the-Run and Off-the-Run Bond Markets Paolo Pasquariello (University of Michigan) Clara Vega (Federal Reserve Board)
Using Intraday Data to Gauge Financial Market Responses to Fed and ECB Monetary Policy Decisions Magnus Andersson (European Central Bank) Download Full-Text of Paper
Global Asset Prices and FOMC Announcements Joshua Hausman (Federal Reserve Board) Jon Wongswan (Federal Reserve Board)
Monetary Policy, Expectations, and Financial Markets Angelo Ranaldo (Swiss National Bank) Samuel Reynard (Swiss National Bank)
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| Friday, January 4, 8:00 AM |
| Session: A Historical Perspective on Money and Payment Systems (AEA) |
Presiding: Nathan Sussman (Hebrew University)
The Evolution of the Check as a Means of Payment: a Historical Survey Stephen Quinn (Texas Christian University) William Roberds (Federal Reserve Bank of Atlanta) Download Full-Text of Paper
The 'Kipper- und Wipperzeit' and the Origin of Central Banks Isabel Schnabel (Max Planck Institute for Research on Collective Goods, Bonn) Hyun Shin (Princeton University) Download Full-Text of Paper
Coin Inspection Technology and Commodity Money Vincent Bignon (University of Paris 10 at Nanterre & Sciences-Po) Richard Dutu (University of Waikato, New Zealand) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: The Economic Geography of Trade and Production (AEA) |
Presiding: Stephen Redding (London School of Economics)
The Productivity Advantages of Large Cities: Distinguishing Agglomeration from Firm Selection Gilles Duranton (University of Toronto) Pierre-Philippe Combes (University of Aix-Marseille) Laurent Gobillon (Institut National d'Etudes Demographiques) Diego Puga (Universitat Pompeu Fabra) Sebastien Roux (Institut National de la Statistique et des Etudes Economiques) Download Full-Text of Paper
Multiple Equilibria in Industrial Location: Evidence from German Airports Stephen Redding (London School of Economics) Daniel Sturm (London School of Economics) Nikolaus Wolf (University of Warwick)
The Long Term Consequences of Regional Specialization Guy Michaels (London School of Economics) Download Full-Text of Paper
The productivity, trade and institutional quality nexus: a panel analysis Eleanor Doyle (Department of Economics, University College Cork, Ireland) Inmaculada Martinez-Zarzoso (Ibero Amerika Institute for Economic Research, University of Goettingen, Germany and Department of Economics, Universitate Jaume I, Castellon, Spain) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: Taxes and Factor Mobility (AEA) |
Presiding: Alicia Menendez (University of Chicago)
Taxes and Employment Subsidies in Optimal Redistribution Programs Paul Beaudry (University of British Columbia) Charles Blackorby (University of Warwick) Dezsoe Szalay (University of Warwick) Download Full-Text of Paper
Tax Competition Among U.S. States: Racing to the Bottom or Riding on a Seesaw? Robert Chirinko (University of Illinois at Chicago and CESifo) Daniel Wilson (Federal Reserve Bank of San Francisco) Download Full-Text of Paper
Institutions, Informality, and Wage Flexibility Marcello Estevao (International Monetary Fund)
The Impact of Payroll Taxes upon Employment, Wages, the Unemployment Rate and Informality -- Theory and Simulations for Colombia Donald Robbins (University of Antioquia, Medellin, Colombia) Daniel Salinas (University of Antioquia, Colombia) Edison Ruiz (University of Antioquia, Colombia) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: Job and Occupational Mobility (AEA) |
Presiding: Giuseppe Moscarini (Yale University)
Firm vs. Occupation in Labor Markets: A Cross Analysis of Wage, Mobility, and Promotion Illoong Kwon (SUNY Albany) Eva Meyersson Milgrom (Stanford University) Download Full-Text of Paper
Big Fish in Small Pond or Small Fish in Big Pond? Money and Status in the Labor Market Ana Rute Cardoso (IZA Bonn) Download Full-Text of Paper
Separation Costs and Stochastic Productivity in a Matching Model of Job Turnover Ioana Marinescu (University of Chicago) Download Full-Text of Paper
Occupational Mobility and the Business Cycle Giuseppe Moscarini (Yale University) Francis Vella (Georgetown University, Department of Economics)
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| Friday, January 4, 8:00 AM |
| Session: Assessment of Economics in U.S. High Schools and Undergraduate Programs (AEA) |
Presiding: Wendy A. Stock (Montana University)
The National Assessment of Educational Progress in Economics: Findings for General Economics William Walstad (University of Nebraska-Lincoln) Stephen Buckles (Vanderbilt University) Download Full-Text of Paper
The Fourth Edition of the Test of Understanding of College Economics William Walstad (University of Nebraska-Lincoln) Kenneth Rebeck (St. Cloud State University) Download Full-Text of Paper
Assessment Practices and Trends in Undergraduate Economics Courses Georg Schaur (University of Tennessee-Knoxville) William Becker (Indiana University)
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| Friday, January 4, 8:00 AM |
| Session: Firm Heterogeneity and International Trade (AEA) |
Presiding: Kala Krishna (Pennsylvania State University)
Endogenous Variety and the Gains from Trade Andres Rodriguez-Clare (Pennsylvania State University) Svetlana Demidova (University of Georgia) Peter J. Klenow (Stanford University) Konstantinos Arkolakis (Yale University) Download Full-Text of Paper
Firm Heterogeneity and Export Activity: Investments in R&D of Taiwanese Firms Bee-Yan Roberts (Pennsylvania State University) Mark Roberts (The Pennsylvania State University) Daniel Xu (New York University)
Trade Policy Differences and Firm Characteristics: Evidence from Bangladesh Hiau Looi Kee (World Bank) Kala Krishna (Pennsylvania State University)
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| Friday, January 4, 8:00 AM |
| Session: Understanding School Performance (AEA) |
Presiding: Richard Murnane (Harvard University)
School Quality and the Black-White Achievement Gap Eric Hanushek (Stanford University) Steven Rivkin (Amherst College)
Are Public Sector CEOs Different? Leadership Wages and Performance in Schools Timothy Besley (London School of Economics) Stephen Machin (University College London)
Pupil-Teacher Gender Interaction Effects on Scholastic Outcomes in England and the USA Andreas Ammermueller (Centre for European Economic Research (ZEW), Germany) Peter Dolton (Royal Holloway College)
Am I missing Something? The effects of absence from class on student performance Wiji Arulampalam (University of Warwick) Jeremy Smith (University of Warwick) Robin Naylor (University of Warwick) Download Full-Text of Paper
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| Friday, January 4, 8:00 AM |
| Session: Marriage and Motherhood in Developing Countries (AEA) |
Presiding: Nancy Qian (Brown University)
Motherhood and Female Labor Force Participation: Evidence from Infertility Shocks Jorge M. Aguero (University of California, Riverside) Mindy Marks (University of California-Riverside) Download Full-Text of Paper
Prostitutes and Brides Manisha Shah (University of Melbourne) Raj Arunachalam (University of Melbourne)
Stress and Birth Outcomes: Evidence from terrorist attacks Adriana Camacho (Brown University) Download Full-Text of Paper
Work and Marriage: Child Labor, Marriage Matches, and Bride Prices in Rural Tanzania Rajeev Dehejia (Tufts University and NBER) Kathleen Beegle (World Bank) Roberta Gatti (World Bank and CPER) Download Full-Text of Paper
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Friday, January 4, 10:15 AM
| Friday, January 4, 10:15 AM |
| Session: Toward the Microtheory of Entrepreneurship (AEA) |
Presiding: Robert Strom (Ewing Marion Kauffman Foundation)
Entrepreneurs in the Theory of the Firm Daniel Spulber (Northwestern University) Download Full-Text of Paper
The Knowledge Spillover Theory of Entrepreneurship David Audretsch (Indiana University & Max Planck Institute)
Entrepreneurial Activities: A Microeconomic Analysis Vincy Fon (George Washington University) Ying Lowrey (U.S. Small Business Administration & George Washington University) Download Full-Text of Paper
Entrepreneurship and Innovation: The (Micro) Theory of Price and Profit William Baumol (New York University) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Convergence in Macroeconomics? (AEA) |
Presiding: Olivier Blanchard (Massachusetts Institute of Technology)
Convergence in macroeconomics? Ricardo Caballero (Massachusetts Institute of Technology)
Convergence in macroeconomics? Patrick Kehoe (Minnesota)
Convergence in macroeconomics? Robert Shimer (University of Chicago)
Convergence in macroeconomics? Michael Woodford (Columbia University)
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| Friday, January 4, 10:15 AM |
| Session: Learning from your Colleagues? Theory and Evidence (AEA) |
Presiding: Edward Glaeser (Harvard University)
Are Elite Universities Losing their Competitive Edge? Han Kim (University of Michigan) Adair Morse (University of Chicago) Luigi Zingales (University of Chicago) Download Full-Text of Paper
Superstar Extinction Pierre Azoulay (Massachusetts Institute of Technology and NBER) Joshua Zivin (Columbia Universityand NBER) Jialan Wang (Massachusetts Institute of Technology) Download Full-Text of Paper
Geography and Innovation: Evidence from Nobel Laureate Scientists Bruce Weinberg (Ohio State University)
First in Village or Second in Rome Ettore Damiano (University of Toronto) Hao Li (University of Toronto) Wing Suen (University of Hong Kong) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Economics of Traffic Safety: Children, Teenagers and the Elderly (AEA) |
Presiding: Steve Levitt (University of Chicago)
Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury Steve Levitt (University of Chicago) Joseph Doyle (Massachusetts Institute of Technology) Download Full-Text of Paper
Behavioral Impact of Graduated Driver Licensing on Teenage Driving Risk and Exposure Pinar Karaca-Mandic (University of Minnesota) Greg Ridgeway (RAND Corporation) Download Full-Text of Paper
Traffic Safety, Organ Donations and the Theory of the Second Best Thomas Dee (Swarthmore College)
Estimating the Accident Risk of Older Drivers David Loughran (RAND Corporation) Seth Seabury (RAND Corporation) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Globalization and International Labor Mobility (AEA) |
Presiding: John McLaren (University of Virginia)
The Globalization of Household Production Michael Kremer (Harvard University, Brookings Institution, Center for Global Development, and NBER) Stanley Watt (International Monetary Fund)
Workers Without Borders? Culture, Migration and the Political Limits to Globalization Sanjay Jain (University of Virginia) Sharun Mukand (Tufts University)
International Migration Policy Gordon Hanson (University of California, San Diego and NBER)
Endogenous Migration Policy Through Majority Voting: An Empirical Investigation Giovanni Facchini (University of Illinois at Urbana Champaign, Universita' degli Studi di Milano and CEPR) Anna Maria Mayda (Georgetown University, CEPR and IZA)
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| Friday, January 4, 10:15 AM |
| Session: Charitable Contributions -Theory and Experimental Evidence (AEA) |
Presiding: John List (University of Chicago)
An Experimental Test of the Impure Altruism Model of Giving Lise Vesterlund (University of Pittsburgh) Mark Wilhelm (Indiana University Purdue University-Indianapolis) Huan Xie (University of Pittsburgh)
Keeping Up with the Joneses: The Relationship between Norms, Social Information and Subsequent Charitable Giving Rachel Croson (Wharton, University of Pennsylvania) Femida Handy (School of Social Work, University of Pennsylvania) Jen Shang (Center on Philanthropy, Indiana University)
Neural responses to taxation and money predict charitable giving William Harbaugh (University of Oregon)
To whom to give or not to give - On the Interaction of fundraising activities of charities Andreas Lange (University of Maryland)
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| Friday, January 4, 10:15 AM |
| Session: Salience and Taxation (AEA) |
Presiding: Amy Finkelstein (Massachusetts Institute of Technology)
Salience and Taxation: Theory and Evidence Raj Chetty (University of California, Berkeley) Adam Looney (Federal Reserve Board) Kory Kroft (University of California, Berkeley) Download Full-Text of Paper
E-Z Tax: Tax Salience and Tax Rates Amy Finkelstein (Massachusetts Institute of Technology and NBER) Download Full-Text of Paper
Schmeduling Jeffrey Liebman (Harvard University) Richard Zeckhauser (Harvard KSG)
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| Friday, January 4, 10:15 AM |
| Session: Inferring Labor Income Risk from Economic Choices: New Developments (AEA) |
Presiding: Richard Blundell (University College London)
Separating Heterogeneity from Uncertainty in an Incomplete-Market Economy Flavio Cunha (University of Chicago) James Heckman (University of Chicago) Salvador Navarro (University of Wisconsin at Madison)
Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach Fatih Guvenen (University of Texas at Austin) Anthony Smith (Yale University)
Income Risk and Consumption Inequality: The Role of Market Structure, Labour Supply and Durables Orazio Attanasio (University College London) Richard Blundell (University College London)
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| Friday, January 4, 10:15 AM |
| Session: Matching Markets (AEA) |
Presiding: Lones Smith (University of Michigan)
What Matchings Can Be Stable? The Testable Implications of Matching Theory. Federico Echenique (California Institute of Technology) Download Full-Text of Paper
Interviewing in Two-Sided Matching Markets Robin Lee (Harvard Business School) Michael Schwarz (Yahoo! Research and NBER) Download Full-Text of Paper
Two-Sided Matching with Interdependent Values Michael Ostrovsky (Stanford University Graduate School of Business) Archishman Chakraborty (Baruch College, CUNY) Alessandro Citanna (HEC – Paris) Download Full-Text of Paper
Contagious Matching Games Lones Smith (University of Michigan)
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| Friday, January 4, 10:15 AM |
| Session: Technological Change, Educational Returns, and Earnings Inequality: The Experience of Growing Asian Economies (AEA) |
Presiding: Richard Freeman (Harvard University)
Explaining Rising Return to Education in Urban China in the 1990s Xuejun Liu (Beijing Normal University) Albert Park (Oxford University) Yaohui Zhao (Peking University) Download Full-Text of Paper
The Stable Wage Distribution in Japan 1982-2002: A Counter Example for SBTC? Daiji Kawaguchi (Hitotsubashi University) Yuko Mori (Hitotsubashi University) Download Full-Text of Paper
Technological Change and Returns to Education: Implications for the S&E Labor Market Jin Hwa Jung (Seoul National University) Kang-Shik Choi (Yonsei University) Download Full-Text of Paper
Why Graduates Can't Find Jobs in a Soaring Economy: Rent-Seeking Migration of College-Educated Young Workers in China Tao Li (Shanghai University of Finance and Economics) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Micro-evidence of Corruption in Emerging Economies (AEA) |
Presiding: Fred Finnan (University of California-Los Angeles)
Is There Penalty For Crime? Corporate Scandal and Management Turnover in China Peng Sun (Peking University) Yi Zhang (Peking University)
Exposing Corrupt Politicians: The Effects of Brazil's Publicly Released Audits on Electoral Outcomes Frederico Finan (University of California, Los Angeles) Claudio Ferraz (IPEA)
Profiting from Gaizhi:Management Buyouts During China's Privatization Susan Feng Lu (Kellogg School of Management, Northwestern University) David Dranove (Kellogg School of Management, Northwestern University) Download Full-Text of Paper
Is Vote Buying Effective? Evidence from a Field Experiment in West Africa Pedro Vicente (University of Oxford) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Reform: For Better or for Worse? (AEA) |
Presiding: Gene Grossman (Princeton University)
Parallel Imports and Price Controls Gene Grossman (Princeton University) Edwin Lai (Federal Reserve Bank of Dallas) Download Full-Text of Paper
Labor Reallocation in Response to Trade Reform Naercio Menezes (IBMEC Sao Paulo) Marc-Andreas Muendler (University of California, San Diego)
Trade and Wages Revisited: The Effect of China's MFN Status on the Skill Premium in U.S. Manufacturing Ivan Kandilov (North Carolina State University) Download Full-Text of Paper
Reward and Punishment under The Byrd Amendment Benjamin Liebman (Saint Joseph's University) Kasaundra Tomlin (Oakland University)
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| Friday, January 4, 10:15 AM |
| Session: New Models of International Business Cycles (AEA) |
Presiding: Paolo Presenti (Federal Reserve Bank of New York)
A New Open-Macro Interpretation of International Fluctuations Soyoung Kim (Korea University) Jaewoo Lee (International Monetary Fund)
Information Immobility and the Home Bias Puzzle Laura Veldkamp (New York University) Stijn Van Nieuwerburgh (New York University) Download Full-Text of Paper
The Long Run Determinants of the US External Imbalances Andrea Ferrero (Federal Reserve Bank of New York) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Design and Reform of Institutions in LDCs and Transition Economies (AEA) |
Presiding: Avinash Dixit (Princeton University)
Institutions: Top Down or Bottom Up? William Easterly (New York University)
Heterodox Reform Dani Rodrik (Harvard University)
Self-enforcing Constitutions and Economic Prosperity Avner Greif (Stanford University) Yadira Gonzalez de Lara (Stanford University and University of Alicante) Saumitra Jha (Harvard University) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Expertise and Macroeconomic Policy (AEA) |
Presiding: Donald L. Kohn (Federal Reserve Board)
Amateurs versus Experts in Monetary Policy Timothy Besley (London School of Economics)
Does Leadership Produce Better Monetary Policy? An Experimental Study Alan Blinder (Princeton University) John Morgan (University of California-Berkeley)
The FOMC vs. the Staff: Where Can Monetary Policymakers Add Value? Christina D. Romer (University of California-Berkeley) David H. Romer (University of California-Berkeley) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Rare Disasters and Asset Markets (AEA) |
Presiding: John Campbell (Harvard University)
Consumption Disasters in the 20th Century Robert Barro (Harvard University) Jose Ursua (Harvard University)
Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance Xavier Gabaix (New York University and NBER) Download Full-Text of Paper
Disasters and Recoveries Francois Gourio (Boston University) Download Full-Text of Paper
Consumption-based Asset Pricing with Higher Cumulants Ian Martin (Harvard University) Download Full-Text of Paper
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| Friday, January 4, 10:15 AM |
| Session: Globalization and Its Impact on Workers (AEA) |
Presiding: Steven Davis (University of Chicago and American Enterprise Institute)
Taxes and Wages Kevin Hassett (American Enterprise Institute) Aparna Mathur (American Enterprise Institute)
What Happened to Employment Stability in America? Steven Davis (University of Chicago and American Enterprise Institute)
Measuring the Scale and Scope of Services Trade J. Bradford Jensen (Peterson Institute) Lori G. Kletzer (University of California-Santa Cruz)
Are Globalization and Labor Standards Antipodes? Richard Freeman (Harvard University)
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| Friday, January 4, 10:15 AM |
| Session: Political Economy in Developing Countries: Evidence from India (AEA) |
Presiding: Padma Desai (Columbia University)
Gains from a Redrawing of Political Boundaries: Evidence from State Reorganization in India Rajashri Chakrabarti (Federal Reserve Bank of New York) Joydeep Roy (Georgetown University and Economic Policy Institute)
Mandated Political Representation and Public Good Provision in India Nandini Krishnan (Boston University)
Segregation, Rent Control and Riots: The Economics of Religious Conflict in an Indian City Sujata Visaria (Boston University) Erica Field (Harvard University) Rohini Pande (Harvard University) Matthew Levinson (Harvard University) Download Full-Text of Paper
Traveling Agents: Political Change and Bureaucratic Turnover in India Lakshmi Iyer (Harvard Business School) Anandi Mani (Boston University)
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| Friday, January 4, 10:15 AM |
| Session: Research on Undergraduate Economics Courses and Majors (AEA) |
Presiding: Michael Watts (Purdue University)
35,000 Principles Students: Some Lessons Learned Kenneth G. Elzinga (University of Virginia) Daniel Melaugh (Credit Suisse Securities) Download Full-Text of Paper
Assessing A Proficiency Based Economics Program: Weathering The Perfect Storm While Thriving In A New Environment Steven C. Myers (University of Akron) Michael A. Nelson (University of Akron) Richard W. Stratton (University of Akron) Download Full-Text of Paper
The Economics Classroom without Grades: Promoting a Learning Environment by De-emphasizing Grades Lester Hadsell (State University of New York, Albany)
The Impact of Aplia on Student Performance in Intermediate Microeconomics Courses William P. O'dea (State University of New York, Oneonta) David W. Ring (State University of New York-Oneonta)
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| Friday, January 4, 10:15 AM |
| Session: Macroeconomic Factors Impacting Poverty and Income Distribution among African Americans (AEA/NEA) |
Presiding: Gary A. Hoover (University of Alabama)
The Impact of Monetary Policy on the Duration and Type of Unemployment by Race and Sex William M. Rodgers III (Rutgers University)
Income, Family Structure, and Poverty Among African Americans Rebecca M. Blank (University of Michigan) David Card (University of California, Berkeley)
Poverty Volatility and Macroeconomic Quiescence Philip N. Jefferson (Swarthmore College)
Non-White Poverty and the Macroeconomy: The Impact of Growth Gary A. Hoover (University of Alabama) Walter Enders (University of Alabama) Donald G. Freeman (Sam Houston State University)
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Friday, January 4, 2:30 PM
| Friday, January 4, 2:30 PM |
| Session: Better Living Through Economics: II (AEA) |
Presiding: John Siegfried (Vanderbilt University)
The Greatest Auction in History Preston McAfee (California Institute of Tech.) Simon Wilkie (University of Southern California) John McMillan (Stanford University) Download Full-Text of Paper
Market Design Al Roth (Harvard University)
Air Transportation Deregulation Elizabeth Bailey (University of Pennsylvania) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: Firm Dynamics (AEA) |
Presiding: Stephen Redding (London School of Economics)
Creative Destruction in Industries Boyan Jovanovic (New York University) Chung-Yi Tse (University of Hong Kong) Download Full-Text of Paper
On the Mechanics of Firm Growth Erzo Luttmer (University of Minnesota) Download Full-Text of Paper
Spin-offs and the Market for Ideas Esteban Rossi-Hansberg (Princeton University) Satyajit Chatterjee (Federal Reserve Bank of Philadelphia) Download Full-Text of Paper
Multi-product Firms and Product Switching Andrew Bernard (Tuck School of Business at Dartmouth) Peter Schott (Yale School of Management) Stephen Redding (London School of Economics) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: Firm Size & Innovation: Solving Schumpeter's Innovation Riddle (AEA) |
Presiding: Richard Nelson (Columbia University)
Firm Size and Innovation: Evidence from European Panel Data John Van Reenen (London School of Economics) Sharon Belenzon (Oxford University)
The Knowledge Spillover Theory of Entrepreneurship and Economic Growth David Audretsch (Indiana University & Max Planck Institute) Max Keilbach (Max Planck Institute) Download Full-Text of Paper
Innovation by SMEs &Large Firms: Sector Structure and Dynamics Wilfred Dolfsma (Utrecht School of Economics) Gerben van der Panne (Delft University of Technology) Download Full-Text of Paper
Innovation and Institutional Ownership Philippe Aghion (Harvard University) John Van Reenen (London School of Economics) Luigi Zingales (University of Chicago Graduate School of Business) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: The Economics of Ethnic Identity and Assimilation (AEA) |
Presiding: Lisa M. Lynch (Tufts University)
The Economic Determinants of Ethnic Assimilation Carmel U. Chiswick (University of Illinois at Chicago and IZA) Download Full-Text of Paper
Immigrants Assimilate as Communities, Not Just as Individuals Timothy J. Hatton (Australian National University) Andrew Leigh (Australian National University) Download Full-Text of Paper
Measuring Ethnic Identity and Its Impact on Economic Behavior Amelie Constant (Georgetown University) Klaus F. Zimmermann (IZA and Bonn University) Download Full-Text of Paper
The International Asian Business Success Story: A Comparison of Chinese, Indian, and Other Asian Businesses in the United States, Canada and United Kingdom Robert W. Fairlie (University of California, Santa Cruz) Julie Zissimopoulos (RAND Corporation) Harry Krashinsky (University of Toronto) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: Prediction Markets -- New Empirical Findings (AEA) |
Presiding: Eric Zitzewitz (Stanford University Graduate School of Business)
Prediction Markets Inside the Firm: Evidence From Google Bo Cowgill (Google) Justin Wolfers (University of Pennsylvania, Wharton Business School) Eric Zitzewitz (Stanford University Graduate School of Business)
Predicting Flu: Prediction Markets vs. Biostatistical Models Forrest Nelson (University of Iowa) Philip Polgreen (University of Iowa) George Neumann ()
Is Liquidity Related to Prediction Market Efficiency? Paul Tetlock (University of Texas at Austin) Download Full-Text of Paper
Testing the Efficiency of Markets in the 2002 World Cup Ricard Gil (University of California, Santa Cruz) Steven Levitt (University of Chicago)
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| Friday, January 4, 2:30 PM |
| Session: Consumer Bankruptcy and the Credit Market (AEA) |
Presiding: Michelle White (University of California-San Diego)
Accounting for the Rise in Consumer Bankruptcies Igor Livshits (University of Western Ontario) James MacGee (University of Western Ontario) Michele Tertilt (Stanford University)
Student Debt and Bankruptcy Sean Campbell (Federal Reserve Board) Karen Pence (Federal Reserve Board)
Relationship Lending and Bankruptcy: Evidence from the Consumer Credit Market Sumit Agarwal (Federal Reserve Bank of Chicago) Souphala Chomsisengphet (U.S. Office of the Comptroller of the Currency) Chunlin Liu (University of Nevada-Reno) Nicholas Souleles (University of Pennsylvania)
Personal Bankruptcy and Credit Market Competition Astrid Dick (Federal Reserve Bank of New York) Andreas Lehnert (Federal Reserve Board)
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| Friday, January 4, 2:30 PM |
| Session: Disaster Economics: A Roundtable on Climate Change, Hurricane Katrina and Related Issues (AEA) |
Presiding: James K. Galbraith (The University of Texas at Austin and Economists for Peace and Security)
TBA Paul Krugman (Princeton University)
TBA Joseph Stiglitz (Columbia University)
Providing Protection Against Natural Disasters in the 21st Century Howard Kunreuther (University of Pennsylvania) Download Full-Text of Paper
Risk, Inequality and the Economics of Disaster Marcellus Andrews (Barnard College) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: International Reserves (AEA) |
Presiding: Ricardo Caballero (Massachusetts Institute of Technology)
Financial versus Monetary Mercantilism -- Long-run View of Large International Reserves Hoarding Joshua Aizenman (University of California, Santa Cruz) Jaewoo Lee (International Monetary Fund) Download Full-Text of Paper
International Reserves in Emerging Market Countries: Too Much of a Good Thing? Olivier Jeanne (International Monetary Fund)
The Cost of Reserves Eduardo Levy Yeyati (Universidad Di Tella) Download Full-Text of Paper
Allocation of International Reserves Across Asset Classes Richard Portes (London Business School) Elias Papaioannou (European Central Bank) Grigorios Siourounis (London Business School)
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| Friday, January 4, 2:30 PM |
| Session: Directed Search Models of Labor and Consumer Product Markets (AEA) |
Presiding: Michael Peters (University of British Columbia)
Directed Search for Equilibrium Wage-Tenure Contracts Shouyong Shi (University of Toronto) Download Full-Text of Paper
Unobservable Heterogeneity in Directed Search Michael Peters (University of British Columbia) Download Full-Text of Paper
The Sorting Effect of Price Competition Jan Eeckhout (University of Pennsylvania) Philipp Kircher (University of Pennsylvania)
Efficiency of Simultaneous Search Philipp Kircher (University of Pennsylvania)
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| Friday, January 4, 2:30 PM |
| Session: Health and Development (AEA) |
Presiding: Simon Johnson (Massachusetts Institute of Technology)
Diseases and Development Shankha Chakraborty (University of Oregon) Chris Papageorgiou (International Monetary Fund) Fidel Perez-Sebastian (University of Alicante, Spain)
Direct and Indirect Impacts of Community Based Health Interventions: Evidence from Brazil's Family Health Prorgam Romero Rocha (Pontifícia Universidade Católica do Rio de Janeiro) Rodrigo Soares (University of Maryland and NBER)
The Economic Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States James Feyrer (Dartmouth College) Dimitra Politi (Brown University) David Weil (Brown University and NBER)
Mortality Risk and Human Capital Investment: The Impact of HIV/AIDS in Sub-Saharan Africa Jane Fortson (University of Chicago) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: Monetary Policy and Inflation Targeting (AEA) |
Presiding: Ann Owens (Hamilton College)
Monetary Policy Analysis with Potentially Misspecified Models Marco Del Negro (Federal Reserve Bank of New York) Frank Schorfheide (University of Pennsylvania, NBER, CEPR) Download Full-Text of Paper
A Case Against Explicit Inflation Targeting Jerry Tempelman (Federal Reserve Bank of New York)
Inflexibility of Inflation Targeting Revisited: Modelling the Anchoring Effect Jan Libich (La Trobe University) Download Full-Text of Paper
Optimal Monetary Policy in a Financially Fragile Economy Ufuk Devrim Demirel (University of Colorado, Boulder) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: Labor Market Dynamics (AEA) |
Presiding: Robert Moffitt (John Hopkins University)
Job Chains and Wage Curves: Worker Mobility and Marshallian Surpluses in Evaluating Local Employment Growth Joseph Persky (University of Illinois at Chicago) Daniel Felsenstein (Hebrew University)
Wage Compression and Teacher Quality Edward Lazear (Stanford University) Annalisa Mastri (Stanford University) Kathryn Shaw (Stanford University)
Retirement Reversals Sewin Chan (New York University) Ann Huff Stevens (University of California, Davis)
Earnings Volatility in the U.S.: Trends and Comparisons using Survey and Administrative Data Peter Gottschalk (Boston College) Robert Moffitt (The Johns Hopkins University) Jonathan Schwabish (Congressional Budget Office)
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| Friday, January 4, 2:30 PM |
| Session: Current and Future Institutions for the World Economy (AEA) |
Presiding: Gene Grossman (Princeton University)
The Future of the IMF and World Bank Raghuram Rajan (University of Chicago) Download Full-Text of Paper
Rethinking Global Environmental Governance Daniel Esty (Yale University)
Designing Institutions to Deal with Terrorism Martin Feldstein (Harvard University and NBER) Download Full-Text of Paper
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| Friday, January 4, 2:30 PM |
| Session: Labor Market Flows (AEA) |
Presiding: Robert Shimer (University of Chicago)
The Ins and Outs of European Unemployment Christopher Pissarides (London School of Economics) Barbara Petrongolo (London School of Economics) Download Full-Text of Paper
The Decline of Job Loss Steven Davis (University of Chicago)
Accounting for Labor Market Flows Robert Shimer (University of Chicago)
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| Friday, January 4, 2:30 PM |
| Session: Psychology and Development: Theory and Experimental Evidence (AEA) |
Presiding: Sendhil Mullainathan (Harvard University)
How high are rates of return to fertilizer: Evidence from field experiment in Western Kenya Esther Duflo (Massachusetts Institute of Technology) Michael Kremer (Harvard University) Jonathan Robinson (UCSC) Download Full-Text of Paper
Climbing out of Poverty: Long Term Decisions under Income Stress Abhijit Banerjee (Massachusetts Institute of Technology) Sendhil Mullainathan (Harvard University)
Norm Enforcement under Social Discrimination: An Experimental Investigation in India Ernst Fehr (University of Zurich) Karla Hoff (World Bank) Mayuresh Kshetramade (Affinnova, Inc.)
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| Friday, January 4, 2:30 PM |
| Session: Panel Discussion on "What Should Be the Core of Graduate Economics?" (AEA) |
Presiding: David C. Colander (Middlebury College)
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| Friday, January 4, 2:30 PM |
| Session: How to Mentor Junior Economists (Panel Discussion) (AEA) |
Presiding: Daniel S. Hamermesh (University of Texas-Austin)
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| Friday, January 4, 2:30 PM |
| Session: Innovation, Intangibles, and R&D (AEA) |
Presiding: Cynthia A. Glassman (U.S. Department of Commerce)
The Long-Run Impact of Private Equity: The Impact on Innovation Joshua Lerner (Harvard University)
Intangible Capital and Economic Growth Carol Corrado (Federal Reserve Board) Charles Hulten (University of Maryland) Daniel Sichel (Federal Reserve Board)
The Role of R&D in Economic Growth: BEA's Satellite Account J. Steven Landefeld (Bureau of Economic Analysis) Sumiye Okubo (Bureau of Economic Analysis)
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| Friday, January 4, 2:30 PM |
| Session: Racial and Ethnic Gaps in Education:? Theory, Policies and Practice (AEA) |
Presiding: Ngina Chiteji (Skidmore College)
Racial and Ethnic Gaps in Achievement: Evidence from Florida Cecilia Rouse (Princeton University) David Figlio (University of Florida)
The Impacts of Choice and Accountability on African-American versus Latino Children in Chicago Brian Jacob (Harvard University)
Within-School Variation in the Quality of Instruction across Course Levels and Racial Groups Ronald Ferguson (Harvard University)
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| Friday, January 4, 2:30 PM |
| Session: Education and Occupational Choice (AEA) |
Presiding: Gail Hoyt (University of Kentucky)
Does Gender Influence Gains from Increased Academic Opportunities Justine Hastings (Yale University and NBER) Jeffrey M. Weinstein (Yale University)
Accounting for Gender Schooling Differences in the U.S.: An Overlapping Generations Analysis Suqin Ge (Virginia Tech) Fang Yang (State University of New York)
Faculty Compensation and Preferences: Can Differences in Job Preferences Help Explain Why Men and Women are Paid Differently? Jennifer Thacher (University of New Mexico) Melissa Binder (University of New Mexico) Janie Chermak (University of New Mexico) Kate Krause (University of New Mexico)
Missing Students: Why Girls Outperform Boys in Secondary School in India Alaka Holla (Brown University)
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| Friday, January 4, 2:30 PM |
| Session: Poster Session 2008 (AEA) |
Presiding: TBA (TBA)
Estimating Capital Investment with Financial Constraints: Comparison of Tobin's q and Real Options Approaches Hirokatsu Asano (Asia University) Download Full-Text of Paper
Existence of Bifurcation in Macroeconomic Dynamics: Grandmont was Right Yijun He (Washington State University)
Pollution Across Chinese Provinces Catherine Co (University of Nebraska, Omaha) Shuanglin Lin (University of Nebraska-Omaha) Fanying Kong (Midland Lutheran College) Download Full-Text of Paper
Trade, Neoclassical Growth and Heterogeneous Firms Julian Emami Namini (Erasmus University Rotterdam) Download Full-Text of Paper
On the Dynamics of Interstate Migration: Migration Costs and Self-Selection Christian Bayer (University of Dortmund) Falko Juessen (University of Dortmund)
The Effect of Migration on Aggregate Labor Market Outcomes: Evidence from the Fall of the Berlin Wall Douglas Frank (INSEAD) Download Full-Text of Paper
Relative Status and Well-Being: Evidence from U.S. Suicide Deaths Mary Daly (Federal Reserve Bank of San Francisco) Daniel Wilson (Federal Reserve Bank of San Francisco) Download Full-Text of Paper
Cognitive Ability and Technology Diffusion: An Empirical Test Garett Jones (George Mason University) Download Full-Text of Paper
Consumption Smoothing and Household responses: evidence from Random Exogenous Health Shocks Manoj Mohanan (Harvard University) Download Full-Text of Paper
Understanding Intertemporal Substitution in Consumption Qiang Zhang (University of Memphis)
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| Friday, January 4, 2:30 PM |
| Session: Topics in Health Economics (AEA/IHEA) |
Presiding: Richard Arnould (University of Illinois)
The Effect of Medicate Part D on Dual Eligibles: Evidence from California's Medicaid Program Mark Duggan (University of Maryland)
The Effects of Universal Coverage: Evidence from the Introduction of Medicare Amy Finkelstein (Massachusetts Institute of Technology) Download Full-Text of Paper
Diffusion and Productivity in Health Care Douglas Staiger (Darmouth College) Jonathan Skinner (Dartmouth College)
Mortality and the Baseball Hall of Fame: An Investigation into the Role of Status in Life Expectancy David Becker (University of Alabama-Birmingham) Kenneth Chay (University of California-Berkeley and Brown University) Shailender Swaminathan (University of Alabama-Birmingham)
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Friday, January 4, 4:45 PM
| Friday, January 4, 4:45 PM |
| Session: Richard T. Ely Lecture (AEA) |
Presiding: Avinash Dixit (Princeton University)
Economics of Climate Change Nicholas Stern (HM Treasury, UK Government)
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Saturday, January 5, 8:00 AM
| Saturday, January 5, 8:00 AM |
| Session: Better Living Through Economics: III (AEA) |
Presiding: John Siegfried (Vanderbilt University)
Better Living Through Economics: Consumer Price Indexes Michael Boskin (Stanford University) Download Full-Text of Paper
Better Living Through Monetary Economics John B. Taylor (Stanford University) Download Full-Text of Paper
Trade Liberalization and Growth in Developing Countries Anne Krueger (Johns Hopkins University) Download Full-Text of Paper
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| Saturday, January 5, 8:00 AM |
| Session: Agglomeration and Wages (AEA) |
Presiding: Edward L Glaeser (Harvard University)
Agglomeration and Wages: Opening Remarks Edward L. Glaeser (Harvard University)
Skills in the City William Strange (University of Toronto) Marigee Bacolod (University of California-Irvine) Bernardo Blum (University of Toronto) Download Full-Text of Paper
Estimating Agglomeration Effects: History and Geology Gilles Duranton (University of Toronto) Pierre-Philippe Combes (GREQAM - University of Aix-Marseille) Laurent Gobillon (Institut National d'Etudes Demographiques) Sebastien Roux (Institut National de la Statistique et des Etudes Economiques) Download Full-Text of Paper
Wage Premia in Employment Clusters: Agglomeration Economies or Worker Heterogeneity? Stephen L. Ross (University of Connecticut) Shihe Fu (Southwestern University of Finance and Economics)
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| Saturday, January 5, 8:00 AM |
| Session: Optimal Policy in New DSGE Environments (AEA) |
Presiding: Sanjay Chugh (Federal Reserve Board)
Comparing Two Variants of Calvo-Type Wage Stickiness Stephanie Schmitt-Grohe (Duke University) Martin Uribe (Duke University) Download Full-Text of Paper
Should Monetary Policy Respond to Labor Market Rigidities? Kai Christoffel (European Central Bank) Keith Kuester (European Central Bank) Tobias Linzert (European Central Bank)
Optimal Fiscal and Monetary Policy with Costly Wage Bargaining David Arseneau (Federal Reserve Board) Sanjay Chugh (University of Maryland and Federal Reserve Board) Download Full-Text of Paper
Optimal Fiscal and Monetary Policy When Money is Essential Boragan Aruoba (University of Maryland) Sanjay Chugh (University of Maryland) Download Full-Text of Paper
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| Saturday, January 5, 8:00 AM |
| Session: Lab and Field Experiments on Ethnic Differences (AEA) |
Presiding: Tomomi Tanaka (California Institute of Technology)
Ethnic and Social Barriers to Cooperation: Experimental Evidence of the Extent and Nature of Discrimination in Urban Peru Marco Castillo (Georgia Institute of Technology) Ragan Petrie (Georgia State University) Maximo Torero (International Food Policy Research Institute)
Race Differences in Competitive Attitudes Carmit Segal (Harvard Business School) Muriel Niederle (Stanford University) Ragan Petrie (Georgia State University) Lise Vesterlund (University of Pittsburgh)
Status, Ethnicity, and Wealth in Vietnam: Evidence from Experimental Games Tomomi Tanaka (California Institute of Technology) Colin Camerer (California Institute of Technology) Quang Nguyen (University of Hawaii)
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| Saturday, January 5, 8:00 AM |
| Session: Entry and Industry Dynamics (AEA) |
Presiding: Bruce Petersen (Washington University)
A Dynamic Oligopoly Game of the US Airline Industry: Estimation and Policy Experiments Victor Aguirregabiria (University of Toronto) Chun-Yu Ho (Boston University) Download Full-Text of Paper
Market Structure and Industry Dynamics in Service Industries Timothy Dunne (Federal Reserve Bank of Cleveland) Shawn Klimek (Cernter for Economic Studies, Censu Bureau) Mark Roberts (The Pennsylvania State University) Yi Xu (The Pennsylvania State University)
Public Entrants, Public Equity Finance and Creative Destruction in the High-Tech Sector James Brown (Montana State University) Bruce Petersen (Washington University) Download Full-Text of Paper
U.S. Investment 1901-2005: Incumbents, Entrants, and Q Boyan Jovanovic (New York University) Peter Rousseau (Vanderbilt University) Download Full-Text of Paper
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| Saturday, January 5, 8:00 AM |
| Session: Market Segmentation and Asset Prices (AEA) |
Presiding: Harold Cole (University of Pennsylvania)
Asset Prices and Consumption Allocations with Heterogeneous Trading Opportunities YiLi Chien (Purdue University) Harold Cole (University of Pennsylvania) Hanno Lustig (University of California, Los Angeles)
Fiscal Policy, Asset Pricing and Economic Activity in a Savers-Spenders Economy Francisco Gomez (London Business School) Alexander Michaelides ()
Inequality, Stock Market Participation, and the Equity Premium Jack Favilukis (London School of Economics)
Carry Trades and Currency Crisis Markus Brunnermeier (Princeton University) Lasse Pedersen (Stern School of Business)
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| Saturday, January 5, 8:00 AM |
| Session: International Finance and Capital Flows (AEA) |
Presiding: Charles Engel (University of Wisconsin)
In Search of Carry Trade Mehmet Caner (University of Pittsburgh) Steven Husted (University of Pittsburgh)
The Monetary Model Strikes Back: Evidence from the World Valerie Cerra (International Monetary Fund) Sweta Saxena (Bank for International Settlements) Download Full-Text of Paper
A New Era of International Financial Integration: Global, Market, and Regional Factors Marco Cipriani (George Washington University) Graciela Kaminsky (George Washington University)
A Stable International Monetary System Emerges: Bretton Woods, Reversed Andrew Rose (University of California, Berkeley) Download Full-Text of Paper
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| Saturday, January 5, 8:00 AM |
| Session: Information in General Equilibrium Models of the Business Cycle (AEA) |
Presiding: Bruce McGough (Oregon State University)
A Few Model-Based Answers to Monetary Policy Questions in the United States and the Euro-area Ricardo Reis (Princeton University) Download Full-Text of Paper
Heterogeneous Information and Business Cycle Fluctuations Christian Hellwig (University of California, Los Angeles)
Do Sticky Prices Need to Be Replaced with Sticky Information? William Dupor (Ohio State University) Tomiyuki Kitamura () Takayuki Tsuruga ()
Endogenous Inattention and Optimal Monetary Policy in General Equilibrium Bruce McGough (Oregon State University) William Branch (University of California, Irvine) John Carlson (Cleveland Fed) George Evans (University of Oregon)
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| Saturday, January 5, 8:00 AM |
| Session: International Migration and Remittances (AEA) |
Presiding: Dean Yang (University of Michigan)
Individual Ability and Selection into Migration in Kenya Edward Miguel (University of California, Berkeley) Joan Hamory (University of California, Berkeley)
Remittances and the Problem of Control: A Field Experiment with Migrant Families in El Salvador and Washington, D.C. Dean Yang (University of Michigan) Nava Ashraf (Harvard Business School) Claudia Martinez (University of Michigan) Diego Aycinena (Francisco Marroquin University) Download Full-Text of Paper
The Economics of International Refugee Law Michael Kremer (Harvard University) Ryan Bubb (Harvard University) David Levine (University of California, Berkeley)
The Impacts of International Migration on Remaining Household Members: Omnibus Results from a Migration Lottery Program David Mckenzie (World Bank) John Gibson (University of Waikato) Steven Stillman (Motu Economic and Public Policy Research)
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| Saturday, January 5, 8:00 AM |
| Session: Incentives and Pro-social Behavior: Evidence from Field Experiments (AEA) |
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Presiding: Roland Benabou (Princet | |