Eighth Philadelphia Workshop on Monetary and Macroeconomics

2:00 p.m.

Fabrizio Mattesini, Cyril Monnet, and Randall Wright
"Banking: A Mechanism Design Approach" (340 KB, 49 pages)

Discussant: Ned Prescott

3:15 p.m.

Todd Keister
"Bailouts and Financial Fragility" (274 KB, 29 pages)

Discussant: Alex Monge-Naranjo

4:30 p.m.

Coffee Break

4:45 p.m.

Bjorn Brugemann and Iourii Manovskii
"Fragility: A Quantitative Analysis of the US Healthcare System" (460 KB, 57 pages)

Discussant: Marcelo Veracierto

10:30 a.m.

Borağan Aruoba
"Informal Sector, Government Policy and Institutions" (451 KB, 41 pages)

Discussant: Morris Davis

11:45 a.m.

Peter Rupert and Etienne Wasmer
"Housing and the Labor Market: Time to Move and Aggregate Unemployment" (254 KB, 39 pages)

Discussant: Aysegul Sahin

1:00 - 2:00 p.m.

Box Lunch

2:00 p.m.

Vincenzo Quadrini and Urban Jermann
"Macroeconomic Effects of Financial Shocks" (411 KB, 41 pages)

Discussant: John Leahy

3:15 p.m.

Varadarajan V. Chari and Patrick Kehoe
"Bailouts, Time Consistency and Optimal Regulation" (157 KB, 31 pages)

Discussant: Steve Williamson

4:30 p.m.

Coffee Break

4:45 p.m.

George Alessandria, Joseph Kaboski, and Virgiliu Midrigan
"The Great Trade Collapse of 2008-09" (431 KB, 58 pages)

Discussant: Fabrizio Perri

7:00 p.m.

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

9:00 p.m.

The Contractions at L2 (22nd and South)
All are invited.