Schedule

Thursday, October 17

Presentation rooms are listed below. Lunch will be in Room 220.

TIME ROOM 206 ROOM 208
8:45 am – 9:00 am Welcome Address
9:00 am –  10:30 am  Consumption II: Consumption Insurance
Housing

Paper 1: 

"Who are the Hand-to-Mouth?" Mark Aguiar, Mark Bils, and Corina Boar

"Do Credit Conditions Move House Prices?", Adam Guren and Daniel Greenwald

Paper 2: 

"How Much Consumption Insurance in the U.S.?" Dmytro Hryshko and Iourii Manovskii
"Why Do Borrowers Default on Mortgages?", Peter Ganong and Pascal Noel   
10:30 am – 11:00 am   COFFEE BREAK
11:00 am –12:30 pm Labor II: Labor Market Dynamics Consumer Credit

Paper 1: 

"What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics," Benjamin Hartung, Philip Jung, and Moritz Kuhn "The Impact of Debt Relief Generosity and Liquid Wealth on Household Bankruptcy," Sasha Indarte

Paper 2: 

"Job-finding and Job-losing: A Comprehensive Model of Heterogeneous Individual Labor-market Dynamics," Robert Hall and Marianna Kudlyak "Consumer Bankruptcy as Aggregate Demand Management," Adrien Auclert and Kurt Mitman 
12:30 pm – 1:30 p.m. LUNCH (Room 220)
1:30 pm –3:00 pm Investment and Risk Premia Heterogeneity and Transmission of Shocks

Paper 1: 

"Redistribution, Risk Premia, and the Macroeconomy"
Rohan Kekre and Moritz Lenel
"Shocks and Frictions in US Business Cycles with Heterogeneous Agents"
Christian Bayer, Benjamin Born, and Ralph Luetticke

Paper 2: 

"Risk-adjusted Capital Allocation and Misallocation"
Joel M. David, Lukas Schmidt, and David Zeke
"Monetary Policy in Incomplete Market Models: Theory and Evidence"
Marcus Hagedorn, Iourii Manovskii, and Kurt Mitman
3:00 pm –3:30 pm COFFEE BREAK
3:30 pm –5:00 pm Information and Asset Prices Consumption I: Consumption Heterogeneity

Paper 1: 

"What Triggers Stock Market Jumps?" by Scott R. Baker, Nicholas Bloom, Steve Davis, and Marco Sammona "Latent Heterogeneity in the Maginal Propensity to Consume" by Daniel Lewis, Davide Melcangi, and Laura Pilossoph

Paper 2: 

"Price Dispersion and Frictions in the Physical Capital Market" by Andres Drenik, Juan Herraño, and Pablo Ottonello "The Rise of Niche Consumption" by Joseph Vavra 
5:30 pm

Cocktails and Dinner at RPM Italian
52 W Illinois St
Chicago, Illinois

Keynote Address, "Heterogeneity, Quantitative Storytelling and Uncertainty"
Lars Peter Hansen, University of Chicago

 

Friday, October 18

Presentation rooms are listed below. Lunch will be in Room 220.

TIME ROOM 206 ROOM 208
8:30 am –10:00 am  Firms and Growth Labor 1: Labor Supply and Leisure

Paper 1: 

"Patents to Products: Innovation, Product Creation, Firm Growth," David Argente, Salomé Baslandze, Douglas Hanley, and Sara Moreira 

"Measuring the Value of Non-working Time from Online Purchase Patterns," Arlene Wong

Paper 2: 

"The Inception of Capitalism through the Lens of Firms," Krisztina Orbán 

"The Work-Leisure Tradeoff: Identifying the Heterogeneity," Gizem Ko̧sar, Basit Zafa, and Aysegul Sahin
10:00 am –10:30 am   COFFEE BREAK
10:30 am –12:00 pm Markups Consumption III: Consumption and Expectations

Paper 1: 

"Bottom-up Markup Fluctuations," Ariel Burstein, Vasco Carvalho, and Basile Grassi
"The Inattentive Consumer: Sentiment and Expectations," Rupal Kamdar

Paper 2: 

"Entry and Profits in an Aging Economy: The Role of Consumer Inertia," Gideon Bornstein
"Belief Heterogeneity with Uninsurable Risks," Anmol Bhandari, Jaroslav Borovicka, and Jonathan Payne
12:00 pm –1:00 pm LUNCH (Room 220)
1:00 pm –2:30 pm Firm Borrowing and Price Setting Labor III: Labor Demand

Paper 1: 

"The Real Effects of Monetary Shocks: Evidence from Micro Pricing Moments," Gee Hee Hong, Matthew Klepacz, Ernesto Pasten, and Raphael Schoenle. "The Shadow Margins of Labor Market Slack," Jason Faberman, Andreas Mueller, Aysegul Sahin, and Giorgio Topa

Paper 2: 

"Anatomy of Corporate Borrowing Constraint," Chen Lian and Yueran Ma "Labor Market Power," David Berger, Kyle Herkenhoff, and Simon Mongey
2:30 pm –3:00 pm COFFEE BREAK
3:00 pm –5:00 pm Inflation Expectations Wealth Inequality

Paper 1: 

"How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial," Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, and Maarten van Rooij "Demographics, Wealth and Interest Rates in the 21st Century," Adrien Auclert, Hannes Malmberg, Frederic Martenet, and Matthew Rognlie.

Paper 2: 

"Exposure to Daily Price Changes and Inflation Expectations," Francesco D'Acunto, Ulrike Malmendier, Juan Ospina, and Michael Weber "Identity Capital and Wealth Accumulation," Agneta Berge, Per Krusell, and Fredrik Paues

Paper 3: 

"Inflation Expectations and Choices of Households," Nathanael Vellekoop and Mirko Wiederholt "Owning Up: Closely Held Firms and Wealth Inequality," Alessandra Peter