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Sixth Philadelphia Workshop on Monetary and Macro Economics

March 28-29, 2008

Program

Session I: Monetary Economics

March 28, 2008
University of Pennsylvania
Jon M. Huntsman Hall, Room F85 (Wharton School)
3730 Walnut Street, Philadelphia, PA 19104

2:00 p.m.

"Monetary Policy in a Channel System"

  • Aleksander Berentsen
  • Cyril Monnet

Discussant:

  • Jim Bullard

3:15 p.m.

"Information and Liquidity"

  • Benjamin Lester
  • Andrew Postlewaite
  • Randy Wright

Discussant:

  • Veronica Guerrieri

4:45 p.m.

"Financial Innovation and the Transactions Demand for Cash"

  • Fernando Alvarez
  • Francesco Lippo

Discussant:

  • Dean Corbae

7:00 p.m.

Dinner

9:00 p.m.

Party at L2 (22nd and South Street)

Session II: The Market for Ideas

March 29, 2008
Federal Reserve Bank of Philadelphia
Conference Center, 3rd Floor
10 Independence Mall, Philadelphia, PA 19106

10:30 a.m.

"Spin-Offs and the Market for Ideas"

  • Satyajit Chatterjee
  • Esteban Rossi-Hansberg

Discussant:

  • Boyan Jovanovic

11:45 a.m.

"Banking, Liquidity and Inflation"

  • Jonathan Chiu
  • Cesaire Meh

Discussant:

  • Chris Waller

1:00 p.m.

Lunch (on your own)

Session III: Housing and Other Markets with Frictions

March 29, 2008
Federal Reserve Bank of Philadelphia
Conference Center, 3rd Floor
10 Independence Mall, Philadelphia, PA 19106

2:15 p.m.

"Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions"

  • Per Krusell
  • Toshihiko Mukoyama
  • Richard Rogerson
  • Ayşegül Şahin

Discussant:

  • Guido Menzio

3:30 p.m.

"Winners and Losers in Housing Markets"

  • Nobuhiro Kiyotaki
  • Alexander Michaelides
  • Kalin Nikolov

Discussant:

  • Martin Schneider

4:45 p.m.

Coffee Break

5:00 p.m.

"Household Expenditures, Wages, Rents"

  • Morris Davis
  • François Ortalo-Magné

Discussant:

  • Juan Carlos Cordoba

Adjourn

Adjourn and Dinner (on your own)

After Dinner

Gather at Chaucer's (20th and Lombard)