Program - 40th Annual Federal Reserve Bank of St. Louis Fall Conference

All events are at the Federal Reserve Bank of St. Louis Gateway Conference Center.

Thursday, October 15, 2015

8:30 – 9:30	Continental Breakfast
9:30 – 9:45	Opening Remarks, James Bullard, President, Federal Reserve Bank of St. Louis
Session I
9:45 – 11:00	Use It or Lose It: Efficiency Gains From Wealth Taxation Presenter: Fatih Guvenen (University of Minnesota) Coauthors: Daphne Chen, Gueorgui Kambourov, and Burhan Kuruscu Discussant: Maxim Troshkin (Cornell)
11:00 – 11:15	Coffee break
11:15 - 12:30	Intangible Capital and Measured Productivity Presenter: Ellen McGrattan (University of Minnesota) Discussant: Berthold Herrendorf (Arizona State University)
12:30 – 1:30	Lunch
Session II
1:30 – 2:45	Wholsesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises Presenter: Nobuhiro Kiyotaki (Princeton University) Coauthors: Mark Gertler and Andrea Prespitino Discussant: Randall Wright (UW Madison)
2:45 – 3:00	Coffee break
3:00 – 4:15	Analyzing the Effects of Insuring Health Risks: On the Trade-Off between Short Run Insurance Benefits and Long Run Incentive Costs Presenter: Harold Cole (University of Pennsylvania) Coauthors: Soojin Kim, Dirk Krueger Discussant: Matthew Mitchell (University of Toronto)
4:15 – 5:30	Neoclassical Models of Business Cycles Presenter: Lee Ohanian (University of California, Los Angeles) Coauthors: Gary Hansen Discussant: Yongsung Chang (University of Rochester)
5:30 - 6:30	Reception
6:30	Dinner

8:30 – 9:30	Continental Breakfast
Session III
9:30 – 10:45	The Chinese Savings Rate: Productivity, Old-Age Support, and Demographics Presenter: Ayse Imrohoroglu (University of Southern California) Coauthors: Kai Zhao Discussant: Steven Lugauer (Notre Dame)
10:45 – 11:00	Coffee break
11:00 - 12:15	The Safety Trap Presenter: Emmanuel Farhi (Harvard University) Coauthors: Ricardo J. Caballero Discussant: Rodolfo Manuelli
12:15 – 1:15	Lunch
Session IV
1:15 – 2:30	The Aggregate Implications of Regional Business Cycles Presenter: Erik Hurst (The University of Chicago) Coauthors: Martin Beraja and Juan Ospina Discussant: Paul Gomme (Concordia University)
2:30 – 3:45	Monetary Policy with 100% Fractional Reserve Banking: An Exploration Edward Prescott
3:45	Adjourn