Seventh Philadelphia Workshop on Monetary and Macroeconomics

2:00 p.m.

Irina Telyukova and Ludo Visschers
Precautionary Demand for Money in a Monetary-Search Business Cycle Model

Discussant: Makoto Nakajima

3:15 p.m.

Boragan Aruoba and Frank Schorfheide
Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-offs

Discussant: Giorgio Primiceri

4:30 p.m.

Coffee Break

4:45 p.m.

Igor Livshits, Jim MacGee, and Michèle Tertilt
Costly Contracts and Consumer Credit

Discussant: Pablo Derasmo

Adjourn and dinner on your own; then gather after dinner at a venue to be named

10:30 a.m.

Gadi Barlevy
A Leverage-based Model of Speculative Bubbles

Discussant: Franklin Allen

11:45 a.m.

Naryana Kocherlakota
Bursting Bubbles: Consequences and Cures

Discussant: Nobu Kiyotaki

1:00 - 2:00 p.m.

Box Lunch

2:00 p.m.

Allen Head, Lucy Qian Liu, Guido Menzio, and Randall Wright
Really, Really Rational Inattention: Or, How I Learned to Stop Worrying and Love Sticky Prices

Discussant: Jeff Campbell

3:15 p.m.

Jason Faberman
Revisiting the Role of Home Production in Life-Cycle Labor Supply

Discussant: Peter Rupert

4:30 p.m.

Coffee Break

4:45 p.m.

David Benjamin and Mark Wright
Recovery Before Redemption? A Theory of Delays in Sovereign Debt Renegotiations

Discussant: Vivian Yue

7:00 p.m.

Dinner at L2 (22nd and South) Presenters, Discussants and Out-of Town Guests

9:00 p.m.

Party at L2 (22nd and South) ALL INVITED