Macro Reading Group: Fall 2015

This is the home page for the Macro Reading Group at Northwestern. The highlighted papers are available online.

Date	Paper	Presenter
Oct 6	Chari and Kehoe: "Bailouts, Time Inconsistency, and Optimal Regulation"	Sasha Indarte
Oct 13	Begenau: "Capital Requirements, Risk Choice, and Liquidity Provision in a Business Cycle Model"	Husnu Dalgic
Nov 10	Gennaioli, Ma, and Shleifer: "Expectations and Investment"	Gaby Cugat
Nov 17	Stroebel and Vavra: "House Prices, Local Demand, and Retail Prices"	Michiel de Jong
Dec 1	TBD	Abdou Ndiaye

Winter

Date	Paper	Presenter
Jan 21	Gopinath and Neiman: "Trade Adjustment and Productivity in Large Crises"	Sasha Indarte
Jan 28	Mendoza and Smith: "Quantitative Implications of a Debt-Deflation Theory of Sudden Stops and Asset Prices"	Alice Jun
Feb 12	TBD	Abdou Ndiaye
Feb 19	Kocherlakota: "Money is Memory"	Gaby Cugat
Feb 26	Geanakoplos: "The Leverage Cycle"	Husnu Dalgic
Mar 5	Karabarbounis and Neiman: "The Global Decline of the Labor Share"	Hugh Montag
Mar 12	Rochet and Tirole: "Interbank Lending and Systemic Risk"	Stephanie Johnson
Mar 19	Amiti, Itskhoki, and Konings: "Importers, Exporters, and Exchange Rate Disconnect"	Catherine Wen

Fall 2014

Date	Paper	Presenter
Sep 24	Cabellero, Simsek: "Fire sales in a model of complexity"	Sasha Indarte
Oct 1	Blanchard et al.: "News, Noise and Fluctuations"	Lorena Keller
Oct 8	Benhabib et al.: "The distribution of wealth and fiscal policy in economies with finitely lived agents"	Abdou Ndiaye
Oct 15	Brunnermeier, Sannikov: "The I Theory of Money"	Gaby Cugat
Oct 22	TBD	Hugh Montag
Oct 29	TBD	Chris Li, Victor Luo
Nov 5	TBD	Gideon Bornstein
Nov 12	TBD	Chiara Maggi
Nov 19	Mian, Sufi: "The consequences of mortgage credit expansion: Evidence from the 2007 mortgage default crisis"	Stephanie Johnson
Nov 26	Piketty, Zucman: "Capital is back: Wealth-income ratios in rich countries, 1700-2010"	Luca Bittarello
Dec 3	Midrigan et al.: "Finance and misallocation: Evidence from plant-level data"	Enrico Berkes
Dec 10	Eggertson et al.: "A Model of Secular Stagnation"	Husnu Cagri

Winter 2013

Date	Paper	Presenter
Jan 22	Lorenzoni: "Optimal Monetary Policy with Uncertain Fundamentals and Dispersed Information"	Juan Prada
Jan 29	Lester, Postlewaite, Wright: "Information, Liquidity, Asset Prices, and Monetary Policy"	Matteo Li Bergolis
Feb 5	Cespa, Vives: "Dynamic Trading and Asset Prices - Keynes vs. Hayek"	Sebastian Kohls
Feb 12	Beaudry, Portier: "When can changes in expectations cause business cycle fluctuations in neo-classical settings?"	Fabian Kindermann
Feb 19	Barsky, Sims: "Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence"	Ruben Gaetani
Feb 26	Mendoza, Yue : "A General Equilibrium Model of Sovereign Default and Business Cycles"	Guannan Luo

Fall 2012

Date	Paper	Presenter
Nov 21	Geanakoplos: "The Leverage Cycle"	Yuta Takahashi
Nov 28	He and Krishnamurthy: "A Model of Capital and Crises"	Victor Xi Luo
Dec 5	Piazzesi and Schneider: "Inflation Illusion, Credit, and Asset Pricing"	Arlene Chu
Dec 12	Conesa and Kehoe: "Gambling for Redemption and Self-Fulfilling Debt Crises"	Fabian Fink

Spring 2012

Date	Paper	Presenter
Mar 27	Acharya, DeMarzo, Kremer: "Endogenous Information Flows and the Clustering of Announcements"	Sebastian Kohls
Apr 10	Benabou and Tirole: "Belief in a Just World and Redistributive Politics"	Sebastian Kohls
Apr 17	Alesina and Barro: "Currency Unions"	Ludovico Zaraga
May 1	Trejos and Wright: "International Currency"	Ruben Gaetani
May 8	Fuchs and Lippi: "Monetary Union with Voluntary Participation"	Matteo Li Bergolis
May 22	Bloom, Floetotto, Jaimovich, Saporta-Eksten, Terry: "Really Uncertain Business Cycles"	Erik Loualiche
May 29	Chiappori, Iyigun, Weiss: "Investment in Schooling and the Marriage Market"	Yana Peysakhovich

Winter 2012

Date	Paper	Presenter
Feb 29	Iyigun and Walsh: "Endogenous Gender Power, household Labor Supply and the Demographic Transition"	Paula Gobbi

Fall 2011

Date	Paper	Presenter
Sep 28	Rebelo and Jaimovich: "Can News about the Future Drive the Business Cycle?"	Ben Johannsen
Oct 5	Beaudry and Portier: "Stock Prices, News, and Economic Fluctuations" and Sims and Barsky: "News Shocks and Business Cycles."	Sofya Budanova
Oct 12	Blanchard, L'Huillier, Lorenzoni: "News, Noise, and Fluctuations: An Empirical Exploration."	Matteo Li Bergolis
Oct 19	Schmitt-Grohe and Uribe: "What's News in Business Cycles?"	Juan Prada
Oct 26	Christiano, Ilut, Motto, Rostagno: "Monetary Policy and Stock Market Boom-Bust Cycles."	Veronika Selezneva
Nov 2	Piazzesi and Schneider: "Inflation and the Price of Real Assets."	Luigi Pisano
Nov 9	Kortum and Klette: "Innovating Firms and Aggregate Innovation."	Sebastian Kohls
Nov 23	Luttmer: "On the Mechanics of Firm Growth."	Ruben Gaetani
Nov 30	Lucas and Moll: "Knowledge Growth and the Allocation of Time."	Arlene Chu

Winter 2011

Date	Paper	Presenter
Jan 5	Restuccia and Rogerson: "Policy Distortions and Aggregate Productivity with Heterogeneous Plants," and Hsieh and Klenow: "Misallocation and Manufacturing TFP in China and India."	Robert Ulbricht
Jan 12	Banerjee and Duflo: "Growth Theory through the Lens of Development Economics."	Ludovico Zaraga
Jan 19	Buera and Shin: "Financial Frictions and the Persistence of History: A Quantitative Exploration."	Guannan Luo
Jan 26	Buera, Kaboski, Shin: "Finance and Development: A Tale of Two Sectors."	Matteo Li Bergolis
Feb 16	Macro Lunch Presentation	Daisuke Ikeda
Feb 23	Fattal Jaef: "Entry, Exit and Mis-allocation Frictions."	Benjamin Johannsen
Mar 9	Midrigan and Xu: "Finance and Misallocation: Evidence from Plant-Level Data."	Daisuke Ikeda

Fall 2010

Date	Paper	Presenter
Sep 29	Kareken and Wallace: "Deposit Insurance and Bank Regulation: A Partial-Equilibrium Exposition," and Diamond and Dybvig: "Bank runs, deposit insurance, and liquidity."	Ludovico Zaraga
Oct 6	Diamond and Rajan: "Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking."	Assaf Patir
Oct 13	Keister: "Bailouts and Financial Fragility."	Luigi Pisano
Nov 3	Chari and Kehoe: "Bailouts, Time Inconsistency and Optimal Regulation."	Matteo Li Bergolis
Nov 17	Farhi and Tirole: "Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts."	Daisuke Ikeda
Nov 24	Marimon, Nicolini, and Teles: "Inside-Outside Money Competition."	Benjamin Johannsen
Dec 1	Gertler and Kiyotaki: "Financial Intermediation and Credit Policy in Business Cycle Analysis."	Zenon Zabinski
Dec 8	Kiyotaki and Moore: "Liquidity, Business Cycles, and Monetary Policy."	Guannan Luo