Western University EconomicsWestern Social Science

Canadian Macroeconomics Study Group


November 5-6th, 2010


Summary of All Sessions

Friday, November 5, 2010

Breakfast:  8:15 a.m.

Session 1: Bank of Canada Session

TimePresenter(s) and Discussant(s)
9:00 - 10:30 Jonathan Chiu and Thorsten Koeppl, "Market Freeze and Recovery: Trading Dynamics under Optimal Intervention by a Market-Maker-of-Last-Resort"
Discussant: Huberto Ennis
Allen Head, Lucy Liu, Guido Menzio, Randall Wright, "Equilibrium Price Dispersion and Rigidity: A New Monetarist Approach"
Discussant: Oleksiy Kryvtsov

Session 2: Labour Markets and Wages

TimePresenter(s) and Discussant(s)
11:00 - 12:30 Guido Menzio, Irina Telyukova, Ludo Viscchers, "Directed Search over the Life Cycle"
Discussant: Florian Hoffman
  Marcus Hagedorn and Iourii Manovski, "Search Frictions and Wage Dispersion"
Discussant: Ronni Pavan

Lunch: 12:30-1:30

Session 3: IO and Macroeconomics

TimePresenter(s) and Discussant(s)
1:45 - 4:00  Ufuk Akcigit, Douglas Hanley, and Nicolas Serrano-Velarde, "Back to Basics: Private and Public Investment in Basic R&D and Macroeconomic Growth"
Discussant: Matt Mitchell
  Gian Luca Clementi and Dino Palazzo, "Entry, Exit, Firm Dynamics, and Aggregate Fluctuations"
Discussant: Rudi Bachmann
  Francois Gourio and Leena Rudanko, "Customer Capital"
Discussant: Veronica Guerrieri

Session 4: Financial Markets

TimePresenter(s) and Discussant(s)
4:30 - 6:00 Antonio Doblas-Madrid, "A Robust Model of Bubbles with Multidimensional Uncertainty"
Discussant: Braz Camargo
  Stephen Williamson, "Liquidity, Financial Intermediation, and Monetary Policy in a New Monetarist Model"
Discussant: Miquel Faig

Saturday, November 6, 2010

Breakfast:  8:30 a.m.

Session 5: Housing

TimePresenter(s) and Discussant(s)
9:15 - 10:45 Allen Head, Huw Lloyd-Ellis and Amy Sun, "Search and the Dynamics of House Prices and Construction"
Discussant: Martin Gervais
  Chiara Forlati and Luisa Lambertini, "Risky Mortgages in a DSGE Model"
Discussant: Satyajit Chatterjee

Session 6: Macro Policy

TimePresenter(s) and Discussant(s)
11:00 - 12:30 V.V. Chari and Patrick Kehoe, "Bailouts, Time Inconsistency, and Optimal Regulation"
Discussant: Paul Klein
  Rui Castro and Nelman Koumtingue, "On the Individual Optimality of Economic Integration"
Discussant: Steve Ambler

Lunch: 12:30-1:30

Session 7: Keynote Speaker: Richard Rogerson

Time: 1:30-2:30

Session 8: Labor Supply

TimePresenter(s) and Discussant(s)
2:45 - 4:15 Lars Ljungqvist and Thomas J. Sargent, "Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, and Social Security"
Discussant: Mark Bils
  Andres Erosa, Luisa Fuster, Gueorgui Kambourov, "A Micro-founded Theory of Aggregate Labor Supply with Non-linear Wages"
Discussant: Peter Rupert

Session 9: CIBC Centre for Human Capital and Productivity Session

TimePresenter(s) and Discussant(s)
4:30 - 6:00 Lutz Hendricks and Todd Schoellman, "Student Abilities During the Expansion of U.S. Education, 1950-2000"
DiscussantGuillaume Vandenbroucke
  Martin Gervais, Nir Jaimovich, Henry Siu, and Yaniv Yedid-Levi, "What Should I Be When I Grow Up? Occupations and Employment over the Life Cycle and Business Cycle"
DiscussantBjörn Brügemann