The NBER's Program on Economic Fluctuations and Growth met in Cambridge on July 16. Research Associates Fernando Alvarez of the University of Chicago and Emi Nakamura of Columbia University organized the meeting. These researchers' papers were presented and discussed:
Anmol Bhandari, University of Minnesota; David Evans, University of Oregon; Mikhail Golosov, Princeton University and NBER; and Thomas Sargent, New York University and NBER, "Fiscal Policy and Debt Management with Incomplete Markets"
Gabriel Chodorow-Reich, Harvard University and NBER, and Loukas Karabarbounis, Federal Reserve Bank of Minneapolis and NBER, "The Limited Macroeconomic Effects of Unemployment Benefit Extensions" (NBER Working Paper No. 22163)
Lorenz Kueng, Northwestern University and NBER, "Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments" (NBER Working Paper No. 21772)
Greg Kaplan, University of Chicago and NBER; Kurt Mitman, Institute for International Economic Studies (Stockholm); and Giovanni Violante, New York University and NBER, "Consumption and House Prices in the Great Recession"
Xavier Gabaix, New York University and NBER, "Behavioral Macroeconomics via Sparse Dynamic Programming" (NBER Working Paper No. 21848)
Sydney Ludvigson, New York University and NBER; Sai Ma, New York University; and Serena Ng, Columbia University and NBER, "Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?" (NBER Working Paper No. 21803)
Summaries of these papers are at: