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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

Friday, October 16, 2015

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