Yale Department of Economics

Macroe Lunch, 2004–2011

2011 Thursday, 12:00 - 1:00 pm, 28 Hillhouse, Room 106
February 10 Ray Fair, Yale University, "A World Macro Saving Fact and an Explanation"
February 17 Greg Phelan, Yale University, "Tax Benefits for Health Insurance and Employer Coverage Decisions: Consequences of the 2010 Health Insurance Reform"
February 24 Florian Jung, Universitat St. Gallen, "Lipset Reconsidered: Inequality, Development, and the Stability of Democracy" (with Uwe Sunde)
March 3 Sebastian Findeisen, University of Zurich
March 24 David Berger, Yale University, "Countercyclical Restructuring"
March 31 Guillermo Ordonez Yale University, “Collateral Crises” (with Gary Gorton)"
April 7 David Rappoport" Can Borrowers Benefit from Taxes on Borrowing?"
April 14 Joe Vavra, Yale University, "Durable as Insurance"
April 21 Kieran Walsh, Yale University, "The Wealth Distribution, Asset Prices, and Downturns"
April 28 Maximiliano Dvorkin
May 5 Marianne Bruins, Yale University, "Information Acquisition and Dissemination by Ratings Agencies"
May 12 Melanie Morten, Yale University, "Migration and Limited Commitment in Village Economies"
September 15 Joe Vavra, "Inflation and Time-Varying Uncertrainty: New Evidence and an Ss Interpretation"
September 22 Kieran Walsh, "Endogenous Leverage in a Production Economy with Heterogeneous Agents"
September 29 Eduardo Engel, "Missing Agregate Dynamics: on the Slow Convergence of Lumpy Adjustment Models" coauthored David Berger and Ricardo Caballero
October 6 Melanie Morten, "Migration and risk sharing in village economies"
October 13 Nicolas Werquin, "Dynamic Optimal Taxation along the Extensive Margin"
October 20 David Rappoport, "Productivity Differences and Endogenous Default in General Equilibrium"
October 27 David Berger, "Countercyclical Restructuring"
November 3 Claire Brennecke, "Information and Counterparty Risk"
November 10 Greg Phelan, "Regulating Bank Leverage in a Crisis"
November 17 Xavier Gabaix, "A Theory of boundedly rational dynamic programming"
December 1 Max Dvorkin, "Regional Shocks, Incomplete Markets and Migration"
December 8 Lint Barrage, "Carbon Taxes in a Dynamic Second-Best Fiscal Setting"
2010
February 18 Costas Arkolakis, Yale, "New Trade Models, Same Old Gains?" (with Arnaud Costinot and Andrés Rodríguez-Clare)
March 25 Rudi Bachmann, University of Michigan, "Uncertainty and Economic Activity: Evidence from Business Survey Data" (with Steffen Elstner and Eric Sims)
April 8 Guillermo Ordonez, Yale, “Optimal Regulation in the Presence of Reputation Concerns” (with Andy Atkeson and Christian Hellwig)
April 15 David Rappoport, Yale, "Inefficient Leverage Cycles?"
April 22 Christoph Trebesch, Yale, "Inexcusable Sovereign Default"
April 29 Joe Vavra, Yale, "Monetary Policy is Less Effective in Uncertain Times: New Evidence and an Ss Interpretation"
May 6 David Berger, Yale, "The Declining Procyclicality of Labor Productivity and Selective Firing"
September 9 Ray Fair, Yale, "Analyzing Macroeconomic Forecastability"
September 16 Boyan Jovanovic, NYU, Learning and Discovery"
September 23 Xavier Gabaix, NYU, "A Sparsity-Based Model of Bounded Rationality"
September 30 David Berger, Yale, "Productivity, Employment and Firm Dynamics over the Business Cycle"
October 7 Joe Vavra, Yale, "Inflation Dynamics and Time-Varying Uncertainty: New Evidence and an Ss Interpretation"
October 14 Thomasz Piskorski, Columbia, "Mortgage Modification and Strategic Default: Evidence from a Legal Settlement with Countrywide"
October 21 Marnix Amand, Yale, "The Wealth Distribution: New Facts and a New Model"
October 28 Per Krusell, IIES, "Asset Trading and Valuation with Uncertain Exposure" (with Juan Carlos and Martin Schneider)
November 4 Pierre Yared, Columbia University, "A Dynamic Theory of Resource Wars" (with Daron Acemoglu, Mikhail Golosov and Aleh Tsyvinski)
November 11 Kieran Walsh, Yale, "Welfare Improving Default"
November 18 David Rappoport, Yale, "Inefficient Leverage Cycles"
December 2 Maximiliano, Dvorkin, Yale, "Fiscal Federalism and Optimal Taxation"
December 11 Giuseppe Moscarini, Yale, "Business Cycles and Endogenous Uncertainty" (with Rudi Bachmann)
2009
March 26 Gerald Jaynes, Yale University, "The Macrodistribution of Income and Longrun Movements in U.S. Poverty: 1960-2001"
April 2 Pierre Yared, Columbia Business School, "Optimal Debt Management and Redistribution"
April 9 Philip Shaw, Fairfield University, "Educational Corruption and Economic Growth"
April 30 Chris Fiore, TBA and David Berger, TBA
May 7 Adrian De La Garza.  CANCELLED
May 14 Joe Vavra, TBA
September 10 Aubhik Khan, Ohio State University, visiting Cowles, "Inflation and interest rates with endogenous market segmentation".
September 24 Joe Vavra, Yale, "The Price Duration Distribution and Monetary Non-Neutrality"
October 15 Herakles Polemarchakis, University of Warwick, "Perils of Quantitative Easing" [Paper 1 Paper 2]
October 22 Juan Eberhard, Yale University, "Assessing The Impact of Immigration in the U.S. Wage Distribution"
October 29 *Adrian de la Garza, Yale University, "Domestic and Global Factors in Emerging Market Bond Spreads"
November 5 Guillermo Ordonez, Yale, "Larger Crises, Slower Recoveries: The Asymmetric Effects of Financial Frictions"
November 12 David Berger, Yale, "Managerial Frictions and Employment Fluctuations"
November 19 Marnix Amand, Yale, "The Macroeconomics of Taxing Wealth"
December 3 David Rappoport, Yale, "Limited Borrowing, Government Policy and Asset Prices"
December 10 Pierre Yared, Columbia University, visiting Yale, "The Institutional Causes of China's Great Famine, 1959-1961" (joint with Xin Meng and Nancy Qian)
2008
March 27 Joe Vavra, Yale University, "Firm-Specific Consumer Attachment and Sticky Prices"
April 10 Carolina Silva, Yale University, "The Interaction of Minimum Wage and Severance Payments in a Search Model"
April 17 Kyle Hood, Yale University, TBA
April 24 Rafael Melo, Yale University, "Assortative Matching in the Brazilian Labor Market"
May 1 Juan Eberhard, Yale University, "Dynamics of the U.S. Wage Distribution"
May 8 Evrim Aydin, Yale University, "Convergence in Labor Productivity across Turkish Provinces"
May 15 Mark Klee, Yale University, "Estimating the Effect of Occupational Tenure on Mobility"
September 25 Thérèse Rebière, UnIversity of Le Havre, visiting Yale, "Minimum Wage, On-the-Job Search and Employment: On the Partial and General Equilibrium of the Mandatory Minimum Wage"
October 9 Joe Vavra, Yale, "Customer Attachment, Menu Costs, and Lumpy Price Adjustment"
October 16* Kyle Hood, Yale, "Equilibrium Labor and Capital Flows across Local Economies: A Structural Empirical Approach"
October 23 Carolina Silva, Yale, "The Interaction of Minimum Wage and Severance Payments in a Frictional Labor Market: Theory and Estimation"
October 30 Rafael Melo, Yale University, "Sorting in the Labor Market:  Theory and Measurement"
November 6 Chris Fiore, Yale, "Stock Market Volatility and the Business Cycle" and
Marnix Amand, Yale, "Asymmetric Information in Equilibrium Search Models"
November 13 Ray Fair, Yale, "Real Implications of the Financial Crisis," Open Discussion
November 20 David Berger, Yale, "Heterogeneous Inflation Rates and Optimal Monetary Policy" and Mark Klee, Yale, "Exploring the Polarization of the US Labor Market"
December 4 Juan Eberhard, Yale, "Immigration and Wage Dynamics"
2007
February 22 Eduardo Engel, Yale,  "Price Stickiness in Ss Models: New Interpretations of Old Results" (with Ricardo J. Caballero)
March 1 Justine Hastings, Yale, "Gasoline Prices and Grocery Purchases: Revisiting the Income Effect"
March 8 Carolina Silva, Yale, "An Empirical Analysis of the Minimum Wage in Chile"
March 29 Rafael de Melo, Yale, "Firm-level Separations and Wages in the Brazilian Economy"
April 5 Marnix Amand, Yale, "Retaining Employees by Matching Outside Offers: Why Does (Almost) No One Do It?"
April 12 Amalavoyal Chari, Yale, "Productivity Effects of Indian Reforms: A Structural Approach"
April 19 Kyle Hood, Yale, "An Island Model Theory of Regional Evolutions"
April 26 Adrian de la Garza, Yale, "The Evolution of Sovereign Bond Markets" and
Juan Eberhard, Yale, "Assessing the impact of Immigration"
May 3 Theodore Papageorgiou, Yale, "Learning Your Comparative Advantage: An Empirical Investigation"
October 11 Kyle Hood, "An Equilibrium Model of Regional Evolutions"
October 18 Theodore Papageorgiou, "Learning Your Comparative Advantage"
October 25 Venkata Chari, "De-Licensing Reform in India: Theory and Evidence"
November 1 Amund Holmsen, Director, Monetary Policy Department, Norges Bank, "Optimal Monetary Policy in Theory and Practice"
November 8 Rafael Melo, "The Allocation of Workers to Firms: A Model of the Labor Market and Facts from a Brazilian Matched Employer-Employee Dataset"
November 15 Irene Botusaru, "Competing Risks Models: Motivation for a Semiparametric Estimation Technique" and
Mark Klee, "Skill Utilization and Occupation Mobility"
November 29 Adrian de la Garza, "Job Satisfaction and Happiness: New Evidence from Japanese Union Workers"
December 6 Carolina Silva, "Modelling the Interaction of Labor Market Policies"
2006
February 16 Bob Shiller, Yale University, "Indexing Taxes to Inequality" (with Leonard Burman and Jeffrey Rohaly)
February 23 Ray Fair, Yale University, "On Modeling the Effects of Inflation Shocks"
March 2 Rafael de Melo, Yale University, "Estimation of a Search Model with Time Varying Match-Specific Heterogeneity"
March 23 Rudi Bachmann, Yale University, "Lumpy Investment in Dynamic General Equilibrium"
March 30 Assaf Razin, visiting Yale University, "Institutional Weakness and Stock Price Volatility (with Galina Hale and Hui Tong)
April 6 Irasema Alonso, Yale University, "Ambiguity in a Two-country World"
April 13 Santosh Anagol, Yale University, "Modeling Residential Investment"
April 20 Theodore Papageorgiou, Yale University, "Learning, Unemployment and Mismatch"
April 27 Camila Campos and Carolina Silva, Yale University, TBA.
October 5 Amalavoyal Chari, Yale University, "Trade Liberalization and Productivity Change in India"
October 12* Rudi Bachmann, Yale University, "Understanding Jobless Recoveries — A Tale of Two Margins"
October 19* Ivan Vidangos, Yale University, "Household Welfare, Precautionary Saving, and Insurance under Multiple Sources of Income Risk"
November 2 Rafael L. de Melo, Yale University, "Theories of Wage Determination and Wage Dynamics: An Empirical Assessment"
November 9 Kyle Hood, Yale University, "Spatial Evolutions"
November 16 Adrian de la Garza, Yale University, "Fluctuations in Unemployment and Vacancies: A Cross-Country Comparison" and
Marnix Amand, Yale University, "A Global Games Approach to 3rd Generation Financial Crises"
November 30 Theodore Papageorgiou, Yale University, "Learning your Comparative Advantage:   Occupational Choice, Mismatch and Unemployment"
December 7 Juan Eberhard, Yale University, TBA and
Matthew T. Johnson, Yale University, "Temptation and Credit Card Debt"
2005
February 17 Theodore Papageorgiou, Yale University, "Currency Unions and FDI: The Case of the Euro"
February 24 Christian Bayer, European University Institute, "Investment Dynamics with Fixed Capital Adjustment Cost and Capital Market Imperfections"
March 3 Kevin Kallock, Yale University, "Risk Aversion and Wage Rigidities in Search and Matching Models"
March 24 Santiago Bazdresch, Yale University, "Investment and Financing with Non-Convex Costs"
March 31 Ivan Vidangos, Yale University, "Uncertainty and Risk in Individual Income:  Estimating Nonlinear Models of Income Dynamics" (joint with Joseph Altonji and Tony Smith)
April 7 Jinhui Bai, Yale University, "Stationary Monetary Equilibrium with Endogenously Segmented Asset Market"
April 14 Rudiger Bachmann, Yale University, "Job Creation and Job Destruction in a DSGE Model with Endogenous Firm Size"
September 15 George Hall, Yale University, "The Response of Prices, Sales, and Output to Temporary Changes in Demand" (with Adam Copeland)
September 22 Ruediger Bachmann, Yale University, "Job Turnover in a DSGE Model"
September 29 Jinhui Bai, Yale University, "Stationary Monetary Equilibrium with Endogenously Segmented Asset Market"
October 6 Kevin Kallock, Yale University, "Risk Aversion in a Search and Matching Model"
October 13 Santiago Bazdresch, Yale University, "Optimal Firm Behavior with Financial Non-Convexities"
October 20 Ivan Vidangos, Yale University, "Modeling Income Dynamics" (joint with Joe Altonji and Tony Smith)
October 27 Rafael Melo, Yale, "Estimation of a Search Model with Learning using Panel Data" and Santosh Anagol, Yale, "Housing Supply"
November 3 Yedan Zhang, Tulane University, "R&D competition and modes of Foreign Entry with Country-Specific Spillover"
November 10 Theodore Papageorgiou, Yale University, "Youth Unemployment and Mismatch"
November 17 Gianluca Violante, NYU, "Frictional Wage Inequality: A Puzzle?" (with A. Hornstein and P. Krusell)
December 1 Camila Campos/Carolina Silva, Yale University, TBA
2004  
February 19 Galina Hale, Yale, "Courage to Capital:  The Effect of Rating Agencies on Sovereign Debt Rollover"
February 26 Marco Oviedo, Yale, "The Effects of Oil Revenue on Fiscal Policy: The Case of Mexico"
March 4 Daniel Mulino, Yale, "The Impact of Demographic Change on Capital Flows and Tax Rates in a Multi-country OLG Model"
March 25 Santiago Bazdresch, Yale, "Do Taxes Explain Low Frequency Movements in Aggregate Leverage?"
April 1 Guillermo Mondino, IERAL de Fundación Mediterránea, visiting Yale, "'Til Debt Do Us Apart.  Restructuring Debt. The case of Argentina"
April 8 Rudiger Bachmann, Yale, "Aggregate Labor Adjustment in the US — Is There a Case for Manpower?
April 15 Kevin Kallock, Yale, "Wage Rigidities in Search and Matching Models"
April 22 Jose Rossi, Yale, TBA
April 29 Sigridur Benediktsdottir, Yale, "Model of Informed Specialist"
May 6 Borja Gracia, Yale, "Monetary and Fiscal Policy Conflicts in the Context of a Fixed Exchange Rate"
September 9* Jose Rossi, Yale, "Foreign exposure, corporate financial policies and the exchange rate regime in emerging markets:  Evidence from Brazil"
September 16 Santiago Bazdresch, Yale, "Adjustment Costs in Capital Structure and Investment"
September 23 Daniel Mulino, Yale, "International Capital Flows, Social Security and Demographics"
September 30 Macro reading group meeting
October 7* Borja Gracia, Yale, "Fixed Pegs and Delayed Stabilizations or When the Central Bank Divorces the Treasury"
October 14 Marco Oviedo, Yale, "Beyond optimal extraction: Oil-revenue policy lessons under the Mexican experience, 1986-2003"
October 21* Kevin Kallock, Yale, "Risk Sharing and Nondecreasing Wages in a Search and Matching Model"
October 28 Ana Fostel, Yale, "A Supply Story: Emerging Markets, High Yield and Market Closures"
November 4 Sigridur Benediktsdottir, Yale, "A Dynamic Model of Optimal Trading and Price Setting for an Informed Specialist"
November 18 Macro reading group meeting
December 2 Huw Lloyd-Ellis, Queen's University, "Schumpeterian Restructuring" (with Patrick Francois)  Joint with Macroeconomics Workshop