Macroeconomics and Individual Decision Making

November 5, 2005

George A. Akerlof and Robert Shiller, Organizers

Nabil Al-Najjar, Sandeep Baliga and David Besanko, Northwestern University
"The Sunk Cost Bias and Managerial Pricing Practices"
    Discussant: Truman Bewley, Yale University

William Dickens, Brookings Institution; Lorenz Goette, University of Zurich; Erica Groshen, Federal Reserve Bank of New York; Steiner Holden, University of Oslo; Julian Messina, Jarkko Turunen and Melanie Ward, European Central Bank; and Mark Schweitzer, Federal Reserve Bank of Cleveland
"The Interaction of Labor Markets and Inflation: Analysis of Micro Data from the International Wage Flexibility Project"
    Discussant: Ricardo Reis, Princeton University and NBER

Refet Gurkaynak, Bilkent University and Justin Wolfers, University of Pennsylvania and NBER
"Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk"
    Discussant: Paul Willen, Federal Reserve Bank of Boston and NBER

Ricardo Caballero, MIT and NBER and Arvind Krishnamurthy, Northwestern University
"Financial System Risk and Flight to Quality"
    Discussant: Jon Faust, Federal Reserve Board

Annamaria Lusardi, Dartmouth College and NBER and Olivia Mitchell, University of Pennsylvania and NBER
"Financial Literacy and Planning: Implications for Retirement Well-Being"
    Discussant: Andrew Caplin, New York University and NBER

George Akerlof, UC, Berkeley
"The Missing Motivation in Macroeconomics"
    Discussant: Robert Solow, MIT

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Sponsored by:
Federal Reserve Bank of Boston and National Bureau of Economic Research