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
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| 8:30 a.m. | “Hours and Employment Implications for Search Frictions: Matching Aggregate and Establishment Level Observations” Discussant: Shigeru Fujita (Philadelphia)
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| 9:45 a.m. | “On-the-Job Search and Labor Market Reallocation” Discussant: Daniele Coen-Pirani (Carnegie-Mellon University)
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| 11:00 a.m. | “Crude Substitution: The Cyclical Dynamics of Oil Prices and the College Premium” Discussant: TBA
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| 12:00 p.m. | Lunch
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| 1:00 p.m. | “Heterogeneous Firms, Productivity, and Poverty Traps” Discussant: TBA
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| 2:15 p.m. |
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“The Lucas Critique and the Stability of Empirical Models” Discussant: Dave DeJong (University of Pittsburgh)
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| 3:30 p.m. |
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“Resucitating Time-to-Build” Discussant: Andrea Pescatori (Cleveland)
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| 4:45 p.m. | “Do Households Benefit from Financial Deregulation and Innovation: The Case of the Mortgage Market?” Discussant: Wendy Edelberg (Board of Governors)
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| 6:00 p.m. |
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Reception |
Wednesday, November 29
| 8:00 a.m. | Continental Breakfast
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| 8:30 a.m. | “Real Business Cycle Dynamics under First-Order Risk Aversion” Discussant: Chris Telmer (Carnegie-Mellon University)
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| 9:45 a.m. | “A Tale of Two Rigidities: Sticky Prices in a Sticky-Information Environment” Discussant: Ben McCallum (Carnegie-Mellon University)
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| 11:00 a.m. | “The Bond Yield ‘Conundrum’ from a Macro-Finance Perspective” Discussant: Stan Zin (Carnegie-Mellon University) |