Macroeconomics Conference on Lumpy Adjustment

June 11 - 12, 2007

Organizers: Ricardo Caballero and Eduardo Engel


12:00 Lunch
1:00 *Mark Zbaracki (NYU), Mark Bergen (Bar-Ilan University), and *Daniel Levy (University of Minnesota), “The Anatomy of a Price Cut: Discovering Organizational Sources of the Costs of Price Adjustment
2:00 *Ariel Burstein (UCLA & NBER) and Christian Hellwig (UCLA), “Prices and Market Shares in a Menu Cost Model
3:00 Break
3:30 Truman Bewley (Yale University), “Report on an Ongoing Field Study of Pricing as it Relates to Menu Costs
4:30 *Jeff Campbell (Federal Reserve Bank of Chicago) and Ben Eden (Vanderbilt University & University of Haifa), “Rigid Prices: Evidence from the U.S. Scanner Data
7:00 Dinner, Scoozzi
8:30 Continental Breakfast
9:00 George Alessandria, Joe Kaboski, and *Virgiliu Midrigan (Federal Reserve Bank of Minneapolis), “Lumpy Trade and Large Devaluations
10:00 *Emmanuel Dhyne (Banque Nationale de Belgique & Universite de Mons-Hainaut), Catherine Fuss (Banque Nationale de Belgique & Universite Libre de Bruxelles), Hashem Pesaran (Cambridge University & University of Southern California), and Patrick Sevestre (Universite Paris 1), “Lumpy Price Adjustments: A Microeconometric Analysis
11:00 Break
11:30 *Dmitry Stolyarov (NYU) and Ennio Stacchetti (University of Michigan), “Obsolescence of Durable Goods and Optimal Consumption
12:30 Lunch
1:30 Russell Cooper (University of Texas, Austin), John Haltiwanger (University of Maryland), and *John Willis (Federal Reserve Bank of Kansas City), “Euler-Equation Estimation for Discrete Choice Models: A Capital Accumulation Application
2:30 Aubhik Khan and *Julia Thomas (Federal Reserve Bank of Philadelphia), “Inflation and Interest Rates with Endogenous Market Segmentation
3:30 Break
4:00 Nick Bloom (Stanford University), “The Impact of Uncertainty Shocks: A Firm-Level Estimation and a 9/11 Simulation” and “Really Uncertain Business Cycles” (with Max Floetotto and Nir Jaimovich)
5:00 Adjourn


Christian Bayer (University of Dortmund)
Santiago Bazdresch (University of Minnesota)
Mark Bergen (University of Minnesota)
Nick Bloom (Stanford University and CEP)
Marco Bonomo (Fundacao Getulio Vargas)
William Brainard (Yale University)
Bjoern Bruegemann (Yale University)
Ariel Burstein (UCLA)
Jeffrey Campbell (Federal Reserve Bank of Chicago)
Carlos Carvalho (Princeton University)
Leif Danziger (Ben-Gurion University)
Emmanuel Dhyne (Banque Nationale de Belgique)
Benjamin Eden (Vanderbilt University)
Francois Gourio (Boston University)
George Hall (Brandeis University)
John Haltiwanger (University of Maryland)
Christopher House (University of Michigan)
Anil Kashyap (University of Chicago)
Aubhik Khan (Federal Reserve Bank of Philadelphia)
Oleksiy Kryvtsov (Bank of Canada)
Daniel Levy (Bar-llan University)
Virgiliu Midrigan (Federal Reserve Bank of Minneapolis)
Giuseppe Moscarini (Yale University)
Emi Nakamura (Harvard University)
Attila Ratfai (Central European University)
Robert Shiller (Yale University)
Anthony Smith (Yale University)
Nancy L. Stokey (University of Chicago)
Dmitriy Stolyarov (University of Michigan)
Julia Thomas (Federal Reserve Bank of Philadelphia)
Antonella Tutino (Princeton University)
Nicolas Vincent (Northwestern University)
Jonathan Willis (Federal Reserve Bank of Kansas City)
Mark Zbaracki (New York University)