Friday,
November 5 2004
9h00-10h30
Session 1: Business Cycles
Chair: Steven Ambler (UQAM)
David ANDOLFATTO (Simon Fraser
University), Glen MACDONALD (Washington University)
"Jobless
Recoveries"
Discussant: Jonas FISHER (Federal Reserve Bank of Chicago)
Paul BEAUDRY (U. of British Columbia),
Franck PORTIER (U. de Toulouse)
"Stock Prices, News, and Economic Fluctuations"
Discussant: Huw LLOYD-ELLIS (Queen's University)
Coffee Break (10h30-10h45)
10h45-12h15
Session 2: Monetary Theory
Chair: André Kurmann (UQAM)
Stephen WILLIAMSON (University
of Iowa)
"Search, Limited Participation,
and Monetary Policy"
Discussant: Ricardo LAGOS (New York University)
Miguel MOLICO (U. of Western Ontario),
Yahong ZHANG (U. of Western Ontario)
"Monetary Policy and the Distribution
of Money and Capital"
Discussant: Miguel FAIG (University of Toronto)
Lunch
(12h15-14h00)
14h00-15h30
Session 3: Monetary Policy
(sponsored by the Bank of Canada's Research Department)
Chair: Pierre Duguay (Bank of Canada)
Randall WRIGHT(University of Pennsylvania),
Guillaume ROCHETEAU (Fed. Reserve Bank
of Cleveland)
"Inflation and Welfare in Models with
Trading Frictions"
Discussant: Peter IRELAND (Boston College)
Henry SIU (U. of British Columbia)
"Time Consistent Monetary Policy
with Endogenous Price Rigidity"
Discussant: Nooman REBEI (Bank of Canada)
Coffee Break (15h30-15h45)
15h45-17h15
Session 4: Shocks and Transmission Mechanisms
Chair: Louis Phaneuf (UQAM)
Patrick J. KEHOE (University of Minnesota),
V. V. CHARI (University of Minnesota), and Ellen R. MCGRATTAN (Federal
Reserve Bank of Minneapolis)
"Are Structural
VARs Useful Guides for Developing Business Cycle Theories?"
Discussant: Christian ZIMMERMANN (University of Connecticut)
Philippe MARTIN (Université de
Paris 1), Giancarlo CORSETTI (European University Institute), Paolo
PESENTI (Fed. Reserve Bank of New York)
"Productivity, spillovers, real
exchange rates, and the «home market effect»: elements for
a general equilibrium analysis"
Discussant: Hafedh BOUAKEZ (HEC Montréal)
Saturday, November 6 2004
9h00-10h30
Session 5: Labor 1
Chair: Stéphane Pallage (UQAM)
Russell COOPER (University of
Texas at Austin), John HALTIWANGER (University of Maryland),
Jonathan WILLIS (Federal Reserve Bank of Kansas City)
"Dynamics of Labor Demand: Evidence
from Plant-Level Observations and Aggregate Implications"
Discussant: Paul STORER (Western Washington U.)
Rui CASTRO (Université de Montréal), Daniele COEN-PIRANI (Carnegie-Mellon
University)
"Why Have Aggregate Skilled Hours
Become so Cyclical
Since the Late 1980s?"
Discussant: Scott SCHUH (Federal Reserve Bank of Boston)
Coffee Break (10h30-10h45)
10h45-11h30
Session 6: Labor 2
Chair: Étienne Wasmer (UQAM)
Martin GERVAIS (U. of Western
Ontario), Igor LIVSHITS (U. of Western Ontario), Césaire MEH (Bank of
Canada)
"Uncertainty and the Specificity
of Human Capital"
Discussant: Ed NOSAL (Federal Reserve Bank of Cleveland)
11h40-13h15
Lunch and Keynote Address
(sponsored by the Analysis
Group)
Chair: Étienne WASMER (UQAM)
Christopher PISSARIDES (London School of Economics and Political
Science), L Rachel Ngai (London School of Economics and Political Science)
"Structural
Change in a Multi-Sector Model of Growth"
13h15-14h45
Session 7: Topics in Market Imperfections
Chair: Samuel Danthine (UQAM)
Mark WRIGHT (Stanford University),
Esteban ROSSI-HANSBERT (Stanford University)
"Firm Size Dynamics in the Aggregate
Economy"
Discussant: Antonio FALATO (HEC Montréal)
Pierre CAHUC (Université de Paris
1), Yann ALGAN (Université de Paris 1)
"Job Protection: the Macho Hypothesis"
Discussant: Jose-Victor RIOS-RULL (University of Pennsylvania)
Coffee Break (14h45-15h00)
15h00-16h30
Session 8: Informational Frictions and Expectations
Chair: Pierre Cahuc (Univerisité
de Paris-I))
James BULLARD (Federal Reserve
Bank of St. Louis), George EVANS (University of Oregon), Seppo
HONKAPOHJA (University of Helsinki)
"Near-Rational Exuberance"
Discussant: Francisco RUGE-MURCIA (Université de Montréal)
Oleksiy KRYVTSOV (University of Minnesota and Bank of Canada)
"Information Flows and Aggregate Persistence"
Discussant: Hashmat KHAN (Bank of England)
