09:00–10:30
Homework in Monetary Economics: Housing Prices and Inflation
S. Boragan Aruoba*, Morris Davis and Randall Wright
Discussant: Lawrence J. Christiano
Conference program
The Macroeconomics of Financial Market Imperfections and Housing Markets
Co-sponsored with the Pinhas Sapir Center for Development at Tel Aviv University and the Bank of Israel.
Tuesday, March 22, 2011
Session I
10:45–12:15
Involuntary Unemployment and the Business Cycle
Lawrence J. Christiano*, Mathias Trabandt and Karl Walentin
Discussant: Zvi Eckstein
Session II
13:15–14:45
Fire Sales in a Model of Complexity
Ricardo J. Caballero and Alp Simsek
Discussant: Jeffrey R. Campbell
15:00–16:30
Macroeconomic Effects of Financial Shocks
Vincenzo Quadrini and Urban Jermann
Discussant: Amit Friedman
16:45–18:15
Understanding Booms and Busts in Housing Markets
Craig Burnside, Martin Eichenbaum* and Sergio Rebelo
Discussant: Tali Regev
Wednesday, March 23, 2011
Session III
09:00–10:30
Mortgage Choices and Housing Speculation
Gadi Barlevy* and Jonas D. M. Fisher
Discussant: Monika Piazzesi
10:45–12:15
The Housing Market(s) of San Diego
Tim Landvoigt, Monika Piazzesi* and Martin Schneider
Discussant: David Genesove
Session IV
13:15–14:45
The Social Cost of NearRational Investment
Thomas M. Mertens and Tarek A. Hassan
Discussant: Gadi Barlevy
15:00–16:30
Policy at the Zero Bound
Isabel Correia, Emmanuel Farhi, Juan Pablo Nicolini and Pedro Teles
Discussant: Gauti Eggertsson
16:45–18:15
The Financial Labor Supply Accelerator
Jeffrey R. Campbell* and Zvi Hercowitz
Discussant: Leif Danziger
(*) Conference participant among authors