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New Developments in Aggregate Economics
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May 18, 2004
A Conference Sponsored by Federal Reserve Banks of Chicago
and Cleveland and the National Bureau of Economic Research, Inc.
Federal Reserve Bank of Chicago
230 S. LaSalle St.
Chicago, IL 60604
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| 8:30 a.m. |
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Continental Breakfast
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| 9:00 a.m. |
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The Role of Households' Collateralized Debt in Macroeconomic Stabilization (PDF,417KB)
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Jeffrey Campbell,
Federal Reserve Bank of Chicago
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Zvi Hercowitz,
Tel Aviv University
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| 10:00 a.m. |
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Break
Inflation and Welfare in Models with Trading Frictions (PDF,365KB)
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Randall Wright,
University of Pennsylvania
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Guillaume Rocheteau,
Australian National University
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| 11:15 a.m. |
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Break
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| 11:30 a.m. |
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Consumption Strikes Back? (PDF,488KB)
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Lars Hansen,
University of Chicago
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John Heaton,
University of Chicago
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Nan Li,
University of Chicago
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| 12:30 p.m. |
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Lunch
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| 2:00 p.m. |
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General Equilibrium Analysis of the Eaton–Kortum Model of International Trade (PDF,436KB)
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Robert Lucas,
University of Chicago
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Fernando Alvarez,
University of Chicago
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| 3:00 p.m. |
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Break
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| 3:15 p.m. |
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International Risk Sharing Is Better Than You Think, or Exchange Rates are Too Smooth (PDF,352KB)
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John Cochrane,
University of Chicago
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Michael Brandt,
Duke University
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Pedro Santa-Clara,
University of California - Los Angeles
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| 4:15 p.m. |
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Break
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| 4:30 p.m. |
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A,B,C (and D)'s for Understanding VARs (PDF,196KB)
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Thomas Sargent,
New York University
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Jesus Fernandez-Villaverde,
University of Pennsylvania
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Juan F. Rubio-Ramirez,
Federal Reserve Bank of Atlanta
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| 7:15 p.m. |
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Reception and Dinner
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