Federal Reserve Bank of San Francisco

Economic Research

Nominal Rigidities

June 16, 2001

Nominal Rigidities

Federal Reserve Bank of San Francisco, National Bureau of Economic Research, Inc.,
and the Central Bank Institute of the Federal Reserve Bank of Cleveland

Federal Reserve Bank of San Francisco (Central A & B)
Saturday, June 16, 2001

Conference Summary

AGENDA

9:00 A.M. Continental Breakfast
   
9:30 A.M. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (PDF – 740KB)
LAWRENCE J. CHRISTIANO, Northwestern University
MARTIN EICHENBAUM, Northwestern University
CHARLES EVANS, Federal Reserve Bank of Chicago
 
Discussant:

 

JULIO ROTEMBERG, Harvard University
   
10:30 A.M. Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve (PDF – 170KB)
GREG MANKIW, Harvard University
RICARDO REIS, Harvard University
 
Discussant:
WILLIAM DUPOR, University of Pennsylvania
   
11:30 A.M. Break
   
11:45 A.M. Closed and Open Economy Models of Business Cycles with Marked-up and Sticky Prices(PDF – 206KB)
ROBERT BARRO, Harvard University
SILVANA TENREYRO, Harvard University
 
Discussant:
VALERIE RAMEY, University of California San Diego
   
12:45 P.M. Lunch
   
2:00 P.M. Predicting the Effects of Fed Policy in a Sticky Price Model (PDF – 337KB)
ELLEN McGRATTAN, Federal Reserve Bank of Minneapolis
  Discussant: ANDY LEVIN, Board of Governors
   
3:00 P.M. Optimal Fiscal and Monetary Policy: Equivalence Results
PEDRO TELES, Bank of Portugal and U. Catolica Portueguesa
ISABEL CORREIA, Bank of Portugal, U. Catolica Portuegesa and CEPR
JUAN PABLO NICOLINI, Universidad di Tella
 
Discussant:
V. V. CHARI, University of Minnesota
   
4:00 P.M. Break
   
4:30 P.M. Optimal Fiscal and Monetary Policy Under Sticky Prices
MARTIN URIBE, University of Pennsylvania
STEPHANIE SCHMITT-GROHE, Rutgers University and CEPR
 
Discussant:
PEDRO TELES, Bank of Portugal and U. Catolica Portueguesa
   
5:45 P.M. Reception
   
7:00 P.M. Dinner at the Harbor Village Restaurant, Four Embarcadero Center
   

List of Participants

David

Altig

Federal Reserve Bank of Cleveland

Tatiana

Balekha

Federal Reserve Bank of San Francisco

Robert

Barro

Harvard University

Jack

Beebe

Federal Reserve Bank of San Francisco

John

Carlson

Federal Reserve Bank of Cleveland

V.V.

Chari

University of Minnesota

Larry

Christiano

Northwestern University

Betty

Daniel

Federal Reserve Bank of San Francisco

Richard

Dennis

Federal Reserve Bank of San Francisco

Bill

Dupor

University of Pennsylvania

Martin

Eichenbaum

Northwestern University

Chris

Erceg

Board of Governors

Charles

Evans

Federal Reserve Bank of Chicago

Chad

Jones

Stanford University

John

Judd

Federal Reserve Bank of San Francisco

John

Krainer

Federal Reserve Bank of San Francisco

Dirk

Krueger

Stanford University

Kevin

Lansing

Federal Reserve Bank of San Francisco

Andy

Levin

Board of Governors

Jesper

Linde

Federal Reserve Bank of Cleveland

Hanno

Lustig

Stanford University

Greg

Mankiw

Harvard University

Milton

Marquis

Federal Reserve Bank of San Francisco

Ellen

McGrattan

Federal Reserve Bank of Minneapolis

Ramon

Moreno

Federal Reserve Bank of San Francisco

Beatrix

Paal

Stanford University

Valerie

Ramey

University of California, San Diego

Michael

Rierson

Stanford University

Julio

Rotemberg

Harvard University

Glenn

Rudebusch

Federal Reserve Bank of San Francisco

Tom

Sargent

Stanford University

Yongs

Shin

Stanford University

Pedro

Teles

Bank of Portugal

Silvana

Tenreyro

Harvard University

Bharat

Trehan

Federal Reserve Bank of San Francisco

Martin

Uribe

University of Pennsylvania

Stijn

Van Nieuwerburgh

Stanford University

Laura

Veldkamp

Stanford University

Carl

Walsh

University of California, Santa Cruz

Neng

Wang

Stanford University

Ke

Wang

Stanford University

Tao

Wu

Federal Reserve Bank of San Francisco

Gary

Zimmerman

Federal Reserve Bank of San Francisco

   

Hotel:

Harbor Court, 165 Steuart Street,
San Francisco CA 94105
http://www.harborcourthotel.com/