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| Papers Presented |
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| Presentations by Federal Reserve Bank of New York economists
at academic conferences, university seminars, and business and
policy meetings. |
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"Stock
Returns and Volatility: Pricing the Short-Run
and Long-Run Components of Market Risk"
( 50 pages / 483 kb)
- University of Massachusetts finance seminar, Amherst,
Massachusetts, February 18
- Adam Smith Asset Pricing conference, cosponsored by the
London Business School, the London School of Economics,
and Oxford University, London, England, March 11
- China International Conference, cosponsored by the China
Center for Financial Research, Tsinghua University, and
MIT's Sloan School of Management, Kunming, China, July 6
- Econometric Society World Congress, London, England, August 24
- European Finance Association annual meeting, Moscow, Russia,
August 26
- Financial Management Association annual meeting, Chicago,
Illinois, October 13
- Harvard Business School, Cambridge, Massachusetts, November 30
- Queen's University School of Business invited seminar,
Kingston, Ontario, Canada, December 8
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"Does the Time Inconsistency Problem
Make Flexible Exchange Rates Look Worse Than You Think?" with
Martin Bodenstein
- Centre de Recerca en Economia Internacional macroeconomics
workshop, Universitat Pompeu Fabra, Barcelona, Spain, June 21
"Time-Consistent Fiscal Policy and Heterogeneous Agents"
- Society for Economic Dynamics annual meeting, Central
European University, Budapest, Hungary, June 25
- University of British Columbia, Vancouver, British Columbia,
Canada, November 21
"Endogenous Productivity and Development Accounting," with Amartya Lahiri
- Bank of Spain, Madrid, Spain, December 13
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"Borrowers' Financial Constraints
and the Transmission of Monetary Policy: Evidence from Financial
Conglomerates," with Murillo Campello
- NBER Summer Institute 2005 Monetary Economics Workshop,
Cambridge, Massachusetts, July 12
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"Illiquidity in the Interbank System
Payment Following Widespread Disruptions," with Rod Garratt
- De Nederlandsche Bank research seminar, Amsterdam,
the Netherlands, April 14
- Bank of England seminar, London, England, April 24
- European Central Bank, Frankfurt, Germany, November 8
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"Corporate
Payments Services Survey Results," with Sandy Krieger
- National Automated Clearing House Association conference,
San Antonio, Texas, April 11
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"Finance as a Barrier to Entry,"
with Philip Strahan
- Conference cosponsored by the World Bank and New York
University's Stern School of Business, Washington, D.C.,
January 10
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"Entry into Banking Markets and
the Early-Mover Advantage," with Allen N. Berger
- Bank of Canada, Ottawa, Ontario, Canada, November 8
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"Central Bank Transparency under
Model Uncertainty"
- National Bank of Poland conference, Warsaw, Poland, June
2
- Econometric Society World Congress, University College
London, London, England, August 22
- European Economic Association 20th Annual Congress, Amsterdam,
the Netherlands, August 26
"Estimating the Deep Parameters of RBC Model with Learning,"
with Stefania D'Amico
- Society for Computational Economics conference, George
Washington University, Washington, D.C., June 24
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"Monetary Policy Tick-by-Tick,"
with Monika Piazzesi
- Vrije Universiteit Amsterdam seminar, Amsterdam, the Netherlands,
September 20
- Conference on Open Market Operations and the Financial
Markets, cosponsored by the Société Universitaire Européenne
de Recherches Financières (SUERF) and the Bank of Finland,
Helsinki, Finland, September 23
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"The Specials Market for U.S.
Treasury Securities and the Federal Reserve's Securities
Lending Program"
- Danmarks Nationalbank workshop, Copenhagen, Denmark, November
28
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"Distribution Margins, Imported Inputs, and the Insensitivity
of the CPI to Exchange Rates"
- European Central Bank and Bank of Canada conference, held
at the European Central Bank, Frankfurt, Germany, December 7
"Establishing Credibility: Evolving Perceptions of the European
Central Bank," with Michael Klein
- Allied Social Science Association meetings, Philadelphia,
Pennsylvania, January 7
- Conference cosponsored by the Journal of International
Money and Finance, the Frank J. Petrilli
Center for Research in International Finance at Fordham
University, and the Trans-Atlantic Finance
Institute, San Juan, Puerto Rico, March 17
"Global Issues Affecting International Business"
- American Institute of Certified Public Accountants convention,
New York City, October 27
- Rockland County Economic Development Corporation conference,
New York City, November 18
"Trade Invoicing in the Accession Countries: Are They Suited
to the Euro?"
- NBER conference, Budapest, Hungary, June 18
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"Vehicle Currency Use in International Trade"
- NBER conference, Cambridge, Massachusetts, April 1
- University of Houston Department of Economics seminar,
Houston, Texas, May 2
- Conference cosponsored by Northwestern University and
the European University Institute, Florence, Italy, June 14
- Boston College Department of Economics seminar, Boston,
Massachusetts, November 9
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"The Interaction of Labor Markets and Inflation: Analysis
of Micro Data from the International Wage Flexibility Project,"
with William Dickens, Lorenz Goette, Steinar Holden,
Julian Messina, Mark Schweitzer, Jarkko Turunen,
and Melanie Ward
- NBER conference, Cambridge, Massachusetts, November 5
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"Was the 2001 Recession Different in the Labor Market? Comparing
Measures," with Rebecca Sela
- Conference cosponsored by the American Economic Association
and the Allied Social Science Association, Philadelphia,
Pennsylvania, January 18
- New School University Department of Economics seminar,
New York City, November 10
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"How Should Cities Help Their Suburbs?" with Robert Inman
- University of California, Berkeley, Haas School of Business,
Berkeley, California, May 2
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"A
Decomposition of the Sources of Incomplete
Cross-Border Transmission: The Case of Beer"(57 pages / 475 kb)
- International Monetary Fund seminar, Washington, D.C.,
March 22
- University of California at Los Angeles Department of
Economics seminar, Los Angeles, California, April 6
- University of Southern California Department of Economics
seminar, Los Angeles, California, April 7
- Cornell University Department of Economics seminar, Ithaca,
New York, April 20
- Northwestern University-European University Institute
conference on Inflation, Interest Rates, and Relative Prices,
Florence, Italy, June 14
- Society for Economic Dynamics annual meeting, Budapest,
Hungary, June 24
- Purdue University Department of Economics seminar, West Lafayette,
Indiana, October 20
"Information Technology Erodes Cross-Border Segmentation:
The Case of Antiretrovirals"
- American Economic Association annual conference, Philadelphia,
Pennsylvania, January 8
"Vertical Contracts and Exchange Rate Pass-Through"
- Econometric Society winter meeting, Philadelphia, Pennsylvania,
January 8
"Vertical Contracts as a Source of Incomplete Cross-Border Transmission:
The Case of Autos," with Sofia Berto Villas-Boas
- Workshop on Globalization and Contracts, cosponsored by
the Centre for Economic Policy Research and the Department
and Laboratory of Theoretical and Applied Economics at the
Ecole Normale Supérieure, Paris, France, April 28
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"Menu Costs at Work: Restaurant
Prices and the Introduction of the Euro," with Federico Ravenna
- Universitá di Pavia Department of Economics seminar, Pavia,
Italy, March 14
- Society for Economic Dynamics annual meeting, Budapest,
Hungary, June 23
- Econometric Society World Congress, London, England, August 22
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"Technological Diversification," with
Silvana Tenreyro
- Cornell University Economics Department seminar, Ithaca,
New York, October 12
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"Banks,
Markets, and Efficiency," with Falko Fecht
- University of Connecticut Department of Economics seminar,
Storrs, Connecticut, September 9
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"Has the Response of Investment to
Financial Market Signals Changed?"
- Eastern Economic Association conference, New York City,
March 4
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"Is There a Bubble in the Housing Market
Now?"
- Networks Financial Institute conference, Indianapolis,
Indiana, October 12
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"Unemployment Insurance and the Diminished
Importance of Temporary Layoffs over the Business Cycle"
- Society of Labor Economics meetings, San Francisco, California,
June 2
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"Board Committee Structure, Incentives,
and Firm Performance," with Rachel Hayes and Scott Schaefer
- University of Alabama seminar, Tuscaloosa, Alabama, March 11
- Rutgers University seminar, New Brunswick, New Jersey,
June 10
- European Financial Management Association annual meeting,
Milan, Italy, July 1
"Evidence on Outside Directors from Japan"
- Vanderbilt University seminar, Nashville, Tennessee, March 18
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"Predatory Lending?" with Samuel Hanson
- Federal Reserve Bank of Chicago Conference on Bank Structure
and Competition, Chicago, Illinois, May 4
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"The Empirical Content of Models
with Multiple Equilibria," with Alberto Bisin
- Society for the Advancement of Economic Theory Conference
on Current Trends in Economics, Vigo, Spain, June 30
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"Current Accounts and Global Rebalancing
in a Multi-Country Simulation Model," with Hamid Faruqee,
Douglas Laxton, and Dirk Muir
- NBER conference on G7 Current Account Imbalances, Newport,
Rhode Island, June 1
"The Global Economy Model (GEM): Design and Applications"
- Bank of Canada International Department seminar, Ottawa,
Canada, May 10
"New Open-Economy Macroeconomic Theory and Applications"
- IMF Institute Economics Training Program, International
Monetary Fund, Washington, D.C., November 14-16
"Productivity Spillovers, Terms of Trade, and the 'Home Market
Effect,'" with Giancarlo Corsetti and Philippe Martin
- American Economic Association annual meeting, Philadelphia,
Pennsylvania, January 7
- NBER International Finance and Macroeconomics meeting,
Cambridge, Massachusetts, March 18
- Centre for Economic Policy Research and Central Bank of
Cyprus European Summer Symposium in International Macroeconomics,
Limassol, Cyprus, May 28
"Shocks, Reforms, and Monetary Rules: A Scenario Analysis for Japan"
- Eighteenth Annual Trio Conference supported by the NBER,
the Tokyo Center for Economic Research, the CEPR, and
the Center for International Research on the Japanese Economy,
held at the University of Tokyo, Tokyo, Japan, December 10
"The Simple Geometry of Transmission and Stabilization in Closed
and Open Economies," with Giancarlo Corsetti
- Harvard University Department of Economics lecture, Cambridge,
Massachusetts, May 9
"Smooth Landing or Crash? Model-Based Scenarios of Global Current
Account Rebalancing," with Hamid Faruqee, Douglas Laxton,
and Dick Muir
- DSGE Modeling at Policymaking Institutions: Progress and
Prospects, held at the Board of Governors of the Federal Reserve
System, Washington, D.C., December 3
"Toward a Model for Monetary Policy Evaluation in Open Economy"
- Bank of Japan invited lecture, Tokyo, Japan, December 7
"Welfare-Based Monetary Policy Rules in an Estimated Model of
the U.S. Economy," with Michel Juillard, Philippe Karam,
and Douglas Laxton
- International Research Forum on Monetary Policy, European
Central Bank, Frankfurt, Germany, May 21
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"A Review of Core Inflation and an
Evaluation of Its Measures"
- Bank for International Settlements conference, Basel,
Switzerland, October 27
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"Bank Loans, Bonds, and Informational
Monopolies across the Business Cycle," with Andrew Winton
- Federal Reserve Bank of Chicago Conference on Bank Structure
and Competition, Chicago, Illinois, May 4
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"Intra-Day Trade Clustering and Two-Sided
Markets," with Robert Schwartz and Avner Wolf
- Conference on the Microstructure of Equity and Currency
Markets, Norges Bank, Oslo, Norway, September 9
- Binghamton University seminar, Binghamton, New York, September 23
- NBER Market Microstructure Meeting, Cambridge, Massachusetts,
October 7
- Rice University Graduate School of Management, Houston,
Texas, November 2
"Liquidity
Dynamics and Cross-Autocorrelations,"
(58 pages
/ 504 kb) with Tarun Chordia and Avanidhar Subrahmanyam
- International Conference on New Financial Market Structures,
held at HEC Montréal, Montreal, Canada, April 8
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"A Limited Information Approach
to the Simultaneous Estimation of Wage and Price Dynamics"
- Society for Computational Economics, Eleventh International
Conference on Computing in Economics and Finance, George
Washington University, Washington, D.C., June 24
"A Search for a Structural Phillips Curve," with Timothy Cogley
- Columbia Business School seminar, New York City,
March 15
- Banque de France Workshop on Monetary Models and Aggregate
Dynamics, Paris, France, June 20
- Symposium on Economics and Institutions, cosponsored by
the Centre for Studies in Economics and Finance (CSEF) and
the Innocenzo Gasparini Institute for Economic Research
(IGIER), Capri, Italy, June 29
- NBER conference, Cambridge, Massachusetts, November 4
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"Firm Heterogeneity and Credit Risk
Diversification," with Samuel Hanson and Hashem Pesaran
- NBER conference, Cambridge, Massachusetts, November 10
"Scope for Credit Risk Diversification," with M. Hashem Pesaran
and Samuel Hanson
- University of Massachusetts Department of Finance seminar,
Amherst, Massachusetts, March 11
- Rutgers University Conference on Pacific Basin Finance,
Economics, and Accounting, New Brunswick, New Jersey,
June 11
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"A General Approach to Integrated
Risk Management with Skewed, Fat-Tailed Risks"
- Global Association of Risk Professionals 6th Annual Risk
Management Convention, New York City, February 2
- Georgia Tech University seminar, Atlanta, Georgia, April 1
- Journal of Applied Econometrics Annual Lecture
Series and Conference, Venice, Italy, June 2
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"Money
and Modern Bank Runs" (58 pages / 434 kb)
- Financial Management Association annual meeting, Chicago,
Illinois, October 13
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"The Consumption-Wealth Effect"
- Eastern Economic Association conference, New York City,
March 4
"Owners' Equivalent Rent and the Cost of Living"
- National Association for Business Economics annual meeting,
Chicago, Illinois, September 26
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"New
Evidence on the Determinants of Bank-Specific Risk"(36 pages / 209 kb)
- Basel Committee on Banking Supervision workshop, Oesterreichische
Nationalbank, Vienna, Austria, April 22
"Volatility
Accounting: A Production View of Increased Economic Stability"(56 pages / 209 kb)
- NBER 2005 Summer Institute Conference on Research in Income
and Wealth, Cambridge, Massachusetts, July 25
- International Monetary Fund, Washington, D.C., December 7
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“Current Account Adjustment with High
Financial Integration:
A Scenario Analysis,” with Michele Cavallo
- Graduate Institute of International Economics, University
of Geneva, Geneva, Switzerland, December 20
"Current Avenues of Research in New Open Economy Macroeconomics"
- Yale University Department of Economics lecture, New Haven,
Connecticut, February 22
"Financial Integration and the Wealth Effect of Exchange Rate
Fluctuations"
- Yale University Department of Economics seminar, New Haven,
Connecticut, February 22
- City University of New York Graduate Center seminar, New York City,
March 1
- National Bureau of Economic Research meeting, Cambridge,
Massachusetts, March 18
- Cornell University seminar, Ithaca, New York, April 13
- Society for Economic Dynamics annual meeting, Budapest,
Hungary, June 23
- Twentieth Annual Congress of the European Economic Association,
University of Amsterdam, Amsterdam, the Netherlands, August 27
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"Stabilization, Competitiveness, and
Risk-Sharing: A Model of Monetary Interdependence"
- International Monetary Fund seminar, Washington, D.C.,
February 1
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"Public Provision of Private Liquidity,"
with Suresh Sundaresan
- Kellogg School of Management, Northwestern University,
Evanston, Illinois, September 28
- Binghamton University School of Management, Binghamton,
New York, October 31
- International Association of Financial Engineers 2005
Liquidity Risk Symposium, New York City, December 1
- Bank of England, London, England, December 7
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"Regulation, Capital, and the Evolution
of Organizational Form in U.S. Life Insurance"
- NBER conference, Cambridge, Massachusetts, February 18
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