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Program : 2012-11-02

26th Annual Meeting of the Canadian Macroeconomics Study Group :

Recent Advances in Macroeconomics

November 2-3, 2012

Program (pdf version)

 Friday, November 2, 2012   –   Salon International I, 3rd level

8:15 – 8:45       Breakfast and registration (Foyer International,  3rd level)

8:45 – 10:25
     SESSION I – Chair : Rui CASTRO (Université de Montréal, CIREQ)

Philippe AGHION (Harvard University), Ufuk AKCIGIT (University of Pennsylvania), Jesus FERNÁNDEZ-VILLAVERDE (University of Pennsylvania)
Optimal Capital versus Labor Taxation with Innovation-Led Growth
Discussant : Huw Lloyd-Ellis (Queen’s University)
Martin GERVAIS (University of Iowa), Alessandro MENNUNI (University of Southampton)
Optimal Fiscal Policy in the Neoclassical Growth Model Revisited
Discussant : Fernando Martin (Federal Reserve Bank of St. Louis)

10:25 – 10:45   Break (Foyer International,  3rd level)

10:45 – 12:25   SESSION II –  Chair : Rui CASTRO (Université de Montréal, CIREQ)
Christina ARELLANO (Federal Reserve Bank of Minneapolis), Yan BAI (University of Rochester)
Linkages across Sovereign Debt Markets 
Discussant : Mick Devereux (University of British Columbia)
Juan Carlos HATCHONDO (Federal Reserve Bank of Richmond), Leonardo MARTINEZ (International Monetary Fund), César SOSA-PADILLA (University of Maryland)
Debt Dilution and Sovereign Default Risk
Discussant : Amartya Lahiri (University of British Columbia)

12:25 – 13:30      Lunch (Foyer International,  3rd level)


13:30 – 14:30

Président : Francisco RUGE-MURCIA (Université de Montréal, CIREQ)

David BACKUS (New York University)
Capital Flows and Demography


14:30 – 14:50   Break (Foyer International,  3rd level)

14:50 – 16:30      SESSION III Chair : Baris KAYMAK (Université de Montréal, CIREQ)
Shouyong SHI (University of Toronto)
Liquidity, Assets and Business Cycles
Discussant : Igor Livshits (University of Western Ontario)
Lars-Alexander KUEHN, Nicolas PETROSKY-NADEAU (Carnegie-Mellon University), Lu ZHANG (Ohio State University)
An Equilibrium Asset Pricing Model with Labor Market Search
Discussant : Stanley Zin (New York University)

16:30 – 16:50       Break (Foyer International,  3rd level)

16:50 – 18:30       SESSION IV – Chair : Baris KAYMAK (Université de Montréal, CIREQ)
Sylvain LEDUC, Zheng LIU (Federal Reserve Bank of San Francisco)
Macroeconomic Effects of Uncertainty Shocks : Evidence from Survey Data
Discussant : Federico Ravenna (HEC Montréal)
Nicolas-Guillaume MARTINEAU (Université de Sherbrooke), Gregor W. SMITH (Queen’s University)
Identifying Fiscal Policy (In)effectiveness from the Differential Adoption of Keynesianism in the Interwar Period
Discussant : Hafedh Bouakez (HEC Montréal)


Saturday, November 3, 2012   –   Salon International I, 3rd level

8:30 – 9:00
         Breakfast (Foyer International,  3rd level)

9:00 – 10:40 
      SESSION V – Chair : Andriana BELLOU (Université de Montréal, CIREQ)

Pierre-Yves YANNI (Université du Québec à Montréal)
Coarse Reputation and Entrepreneurial Risk Choice
Discussant : Roc Armenter (Federal Reserve Bank of Philadelphia)
Roc ARMENTER, Viktoria HNATKOVSKA  (University of British Columbia)
The Macroeconomics of Firms’ Savings
Discussant : Chris Telmer (Carnegie-Mellon University)

10:40 – 11:00      Break (Foyer International,  3rd level)

11:00 – 12:40      SESSION VI – Chair : Andriana BELLOU (Université de Montréal, CIREQ)

Pedro SILOS (Federal Reserve Bank of Atlanta), Eric SMITH (University of Essex)
Human Capital Portfolios
Discussant : Todd Schoellman (Arizona State University)
Marcus HAGEDORN (Institute for Advanced Studies), Tzuo Han LAW, Iourii MANOVSKII (University of Pennsylvania) 
Identifying Sorting
Discussant : Giovanni Gallipoli (University of British Columbia)

12:40-13:40         Lunch (Foyer International,  3rd level)

13:40 – 15:20      SESSION VII – Chair : Francisco RUGE-MURCIA (Université de Montréal, CIREQ)
Guillaume VANDENBROUCKE (University of Southern California) 
Fertility and Wars : The Case of World War I in France
Discussant : Alice Schoonbrodt (University of Iowa)
Berthold HERRENDORF, Todd SCHOELLMAN (Arizona State University)
Why is Measured Productivity so Low in Agriculture?
Discussant : Diego Restuccia (University of Toronto)

15:20 – 15:40      Break (Foyer International,  3rd level)

15:40 – 17:20      SESSION VIII  Chair : Francisco RUGE-MURCIA (Université de Montréal, CIREQ)
Nir JAIMOVICH (Duke University), Henry SIU (University of British Columbia) 
The Trend is the Cycle : Job Polarization and Jobless Recoveries
Discussant : Ryan Michaels (University of Rochester)
(University of British Columbia), Franck PORTIER (Toulouse School of Economics)
A Gains-from-Trade Perspective on Macroeconomic Fluctuations
Discussant : Mario Crucini (Vanderbilt University)



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