Economic Research and Data

Conferences and Workshops

Frequently Requested Proceedings



For Further Conference Information

  • Research Department
  • Federal Reserve Bank of Cleveland
    P.O. Box 6387
    Cleveland, OH 44101-1387
  • t. 216-579-3111
    f. 216-579-3050

System Committee on Business and Financial Conditions

November 28-29, 2006
Federal Reserve Bank of Cleveland, Pittsburgh Office

Each paper is scheduled for 1 hour-- 30 minutes for the presenter, 15 minutes for the discussant, and 15 minutes for general discussion. The schedule allows for a 15 minute break between each paper.

Tuesday, November 28

8:00 a.m.  

Continental Breakfast


8:30 a.m.  

Hours and Employment Implications for Search Frictions: Matching Aggregate and Establishment Level Observations
Jonathan Willis (Kansas City)

Discussant: Shigeru Fujita (Philadelphia)


9:45 a.m.  

On-the-Job Search and Labor Market Reallocation
Murat Tasci (Cleveland)

Discussant: Daniele Coen-Pirani (Carnegie-Mellon University)


11:00 a.m.  

Crude Substitution: The Cyclical Dynamics of Oil Prices and the College Premium
Pedro Silos (Atlanta)

Discussant: TBA


12:00 p.m.  



1:00 p.m.  

Heterogeneous Firms, Productivity, and Poverty Traps
Riccardo Dicecio (St. Louis)

Discussant: TBA


2:15 p.m.


The Lucas Critique and the Stability of Empirical Models
Thomas Lubik (Richmond)

Discussant: Dave DeJong (University of Pittsburgh)


3:30 p.m.


Resucitating Time-to-Build
David Lucca (Board of Governors)

Discussant: Andrea Pescatori (Cleveland)


4:45 p.m.  

Do Households Benefit from Financial Deregulation and Innovation: The Case of the Mortgage Market?
Paul Willen (Boston)

Discussant: Wendy Edelberg (Board of Governors)


6:00 p.m.



Wednesday, November 29

8:00 a.m.  

Continental Breakfast


8:30 a.m.  

Real Business Cycle Dynamics under First-Order Risk Aversion
Jim Dolmas (Dallas)

Discussant: Chris Telmer (Carnegie-Mellon University)


9:45 a.m.  

A Tale of Two Rigidities: Sticky Prices in a Sticky-Information Environment
Edward Knotek (Kansas City)

Discussant: Ben McCallum (Carnegie-Mellon University)


11:00 a.m.  

The Bond Yield ‘Conundrum’ from a Macro-Finance Perspective
Eric Swanson (San Francisco)

Discussant: Stan Zin (Carnegie-Mellon University)