Mini-Schedule: Thursday Afternoon May 16, 1:00 PM 3:00 PM Room - PowerPoint PPT Presentation

Mini-Schedule: Thursday Afternoon May 16, 1:00 PM – 3:00 PM Room 119: Business Room 125: Economic Chair: Anca Ioana Sirbu Chair: Nicolas Ziebarth Cycles I History News about Aggregate Demand Mark Weder, The University of Dispersion and Distortions in the John Dalton, Wake Forest and the Business Cycle Adelaide Trans-Atlantic Slave Trade University Intersectoral Linkages, Diverse Manoj Atolia, Florida State Was Stalin Necessary for Russia's Anton Cheremukhin, Federal Information, and Aggregate University Economic Development? Reserve Bank of Dallas Dynamics in a Neoclassical Uncertainty Shocks and the U.S. Gabriel Mathy, University of Model Great Depression California, Davis Lumpy Investment in Sticky Fabio Verona, Bank of Finland The Radio and Bank Runs during Nicolas Ziebarth, University of Information General Equilibrium the Great Depression Iowa News About Taxes and Anca Ioana Sirbu, West Expectations-Driven Business Virginia University Room 123: International Cycles Chair: Enrique Martinez- Macroeconomics I Garcia Room 106: Housing I Chair: Hye Mi You Intangible Capital Transfer Within Jaehan Cho, Arizona State Multinationals: Evidence from University Housing and Unemployment: The Ejindu Ume, Alabama Korean MNCs Search for the American Dream Kanda Naknoi, University of Exchange Rate Flexibility, Trade Geographical Reallocation and Suryun Rhee, University of Connecticut Openness and the Extensive Unemployment during the Great Pennsylvania Margin Recession: The Role of the Housing Burst Growth and Global Imbalances: Byoung Hoon Seok, Ohio State The Role of Learning-by- University Rising Earnings Risk and Wealth Hye Mi You, State University Exporting Distribution with Housing of New York at Buffalo Collateral Policy in a World of Charles Kahn, University of Round-the-Clock Payment Illinois ‘ Coffee will follow from 3:00 – 3:30 PM in the basement of DKH

Mini-Schedule: Thursday Evening May 16, 3:30 PM – 5:30 PM Room 125: Financial Chair: Matthew Hoelle Room 123: International Chair: John Seater Economics I Trade Debt and Incomplete Financial Kevin Sheedy, London School Niche Firms, Mass Markets, and Pedro Bento, University of Markets: A Case for Nominal of Economics Income Across Countries: Toronto GDP Targeting Accounting for the Impact of Entry Costs Investor Protection and Optimal Cesar Tamayo, Rutgers Contracts Under Risk Aversion University The Great Trade Collapse: A Hakan Yilmazkuday, Florida and Costly State Verification Horse Race of Competing Stories International University Liquidity, Collateral Constraint and Yulei Peng, Texas A&M Trade and the Topography of the Costas Arkolakis, Yale Financial Intermediation University Spatial Economy University On the Efficiency of Nominal GDP Matthew Hoelle, Purdue Trade and Social Welfare When John Seater, North Carolina Targeting in a Large Open University Economic Growth and Industrial State University Economy Structure Are Endogenous Room 106: Search 2 Chair: Serdar Kabaca Room 119: Business Chair: Boyan Jovanovic Cycles II Search Effort and Labor Force Lawrence Warren, University Participation in a Model of of Iowa Business Cycle Persistence in a Chase Coleman, Brigham Directed Search Model with Endogenous Growth Young University and Fluctuations A Theory of Targeted Search Antonella Tutino, Federal Reserve Bank of Dallas Extensive and Intensive Boyan Jovanovic, New York Investment over the Business University Dual Income Couples and Ahmet Ali Taskin, University of Cycle Interstate Migration Texas at Austin Search Frictions, Financial Serdar Kabaca, Bank of Frictions and Labor Market Canada Fluctuations in Emerging Markets

Mini-Schedule: Friday Morning May 17, 8:45 AM – 10:45 AM Chair: Alexander Room 119: Banking Room 125: Unemployment I Chair: David Wiczer Ueberfeldt Regulation and Equilibrium Default and Slow Gaston Navarro, New York Deregulation Recoveries University Imperfect Information Oksana Leukhina, University Information Technologies and Miguel Morin, Columbia Transmission from Banks to of Washington Jobless Recoveries University Investors: Real Implications Hysteresis in Unemployment and Dmitry Plotnikov, University Of Endogenous Bank Reserves and Scott Dressler, Villanova Jobless Recoveries California, Los Angeles Economic Activity University Interest Rate Policy and Financial Alexander Ueberfeldt, Bank of Long-term Unemployment: David Wiczer, University of Regulation: How to Control Canada Attached and Mismatched? Minnesota Excessive Risk Taking? Room 119: Entrepreneurs Chair: Patrick Macnamara Room 106: Default/ Chair: Stefan Krasa Bankruptcy Financial Shocks and the Cyclical Jose Lopez, HEC Paris Behavior of Skilled and Unskilled Optimal Bankruptcy Code for Grey Gordon, Indiana Unemployment Unsecured Debt University Need-Based Entrepreneurship and Kevin Donovan, Arizona State A General Equilibrium Model with Tamon Takamura, Bank of Aggregate Productivity Across University Banks and Default on Loans Canada Countries Repos, Fire Sales, and Francesca Carapella, Federal Project Heterogeneity and Growth: Felipe Saffie, University of Bankruptcy Policy Reserve Board The Impact of Selection Pennsylvania Welfare Effects of Increasing Li Li, University of Toronto The Cross-Sectional Distribution of Patrick Macnamara, University Borrowing Limit in the Presence Firm Leverage of Manchester of Self Control Problem Notes: Coffee and pastries will be served prior to morning sessions

Mini-Schedule: Friday Noon May 17, 11:00 AM – 1:00 PM Room 123: Technology / Chair: Rishabh Sinha Room 125: Unemployment II Chair: Kit Reicher TFP I Micro-Level Misallocation and Mu-Jeung Yang, University of The Fading Dynamism of the US Tomaz Cajner, Federal Selection: Estimation and Washington, Seattle Labor Market: The Role of Reserve Board Aggregate Implications Demographics Information, Contract Joseph Steinberg, University Asymmetric Unemployment Domenico Ferraro, Duke Enforcement, and Misallocation of Minnesota Dynamics University Aggregate Productivity and the Sophie Osotimehin, University The Aggregate Effects of Long Run Kit Reicher, Kiel Institute for Allocation of Resources Over the of Virginia Sectoral Reallocation the World Economy Business Cycle Occupational Mobility, Rishabh Sinha, Arizona State Misallocation of Labor Resources University Room 106: Human Capital I Chair: Marina Mendes and Aggregate Productivity Tavares An Adjustment Cost Model of Yoseph Getachew, Durham Room 119: Search Chair: Jan Duras Social Mobility University The Aggregate Effects of the Matthias Hertweck, University Hartz Reforms in Germany of Konstanz Ben-Porath vs. Learning-By- Adam Blandin, Arizona State Doing: A Macroeconomic University Approach Dynamic Equilibria in the Maurizio Iacopetta, OFCE and Kiyotaki-Wright Model SKEMA Business School Factors Affecting College Christopher Herrington, Completion and Student Ability in Arizona State University Amplification and propagation of Jan Duras, University of the U.S. Since 1900 shocks in a model with labor and Minnesota goods market search Accounting for the Trends in Marina Mendes Tavares, ITAM Inequality and Intergenerational Mobility in the U.S. Notes: Lunch is from 1:00 – 2:00 PM, in basement of DKH

Mini-Schedule: Friday Afternoon May 17, 2:00 PM – 4:00 PM Room 125: Unemployment Chair: Eduardo Room 119: International Chair: AKM Morshed III Zilberman Macroeconomics II Education, Human Capital and Jun Nie, Federal Reserve In for a Penny, In for 100 Billion Mark Wright, UCLA U.S. Labor Market Dynamics Bank of Kansas City Pounds: Quantifying the Welfare Benefits from Debt Relief The Recent Decline in Henry Hyatt, US Census Employment Dynamics Bureau Optimal Borrowing Constraints Jacek Rothert, University of and Growth in a Small Open Texas, Austin Variations on a Theme: The Robert Lester, University of Economy Cyclicality of Unemployment and Notre Dame the Relevance of Home Production Endogenous Borrowing Paulina Restrepo-Echavarria, Constraints and Stagnation in The Ohio State University Latin America On the Optimal Size of Public Eduardo Zilberman, PUC-Rio Employment Workers' Remittances, Borrowing AKM Morshed, Southern Constraints, and Welfare Illinois University Carbondale Room 123: Financial Chair: Erick Sager Frictions and Development Subsistence Consumption, Jeffrey Allen, University of Occupational Choice, and the Oregon Consequences of Poverty Foreign Firms, Distribution of Manuel García-Santana, Income, and the Welfare of ECARES Developing Countries Child Labour, Human Capital Rahul Sirohi, University of Accumulation and Mortality Illinois at Urbana-Champaign Development, Volatility and Erick Sager, University of Intertemporal Distortions Minnesota Notes: Coffee will be served from 4:00 – 4:30 PM