37^th Annual Federal Reserve Bank of St. Louis Fall Conference

October 11-12, 2012

All conference events will take place at the Federal Reserve Bank of St. Louis Gateway Conference Center, Sixth Floor

Thursday, October 11, 2012

12:00-12:30 P.M.	Light lunch
12:30-12:45 P.M.	Introductory remarks by Christopher Waller
Session I
12:45-2:45 P.M.	"Some Unpleasant Properties of Log-Linearized Solutions when the Nominal Interest Rate is Zero" Presenter: Tony Braun, FRB Atlanta Coauthors: Yuichiro Waki, University of Queensland and Lena Koerber, London School of Economics
	"The Trend is the Cycle: Job Polarization and Jobless Recoveries" Presenter: Nir Jaimovich, Duke University Coauthor: Henry Siu, University of British Columbia
2:45-3:00 P.M	Coffee Break
Session II
3:00-5:00 P.M.	"Liquidity, Assets and Business Cycles" Presenter: Shouyong Shi, University of Toronto
	"Spatial Equilibrium with Unemployment and Wage Bargaining: Theory and Evidence" Presenter: Paul Beaudry, University of British Columbia Coauthors: David Green, University of British Columbia and Benjamin Sand, York University
5:00-5:15 P.M.	Coffee Break
Session III
5:15-6:15 P.M.	"On the Social Usefulness of Fractional Reserve Banking" Presenter: Chris Phelan, University of Minnesota and FRB Minneapolis Coauthor: V.V. Chari, University of Minnesota and FRB Minneapolis
6:15-7:00 P.M.	Reception
7:00 P.M.	Dinner with speech by James Bullard

Friday, October 12, 2012

8:30-9:00 A.M.	Continental Breakfast
Session I
9:00-11:00 A.M	"Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises" Presenter: Mark Aguiar Princeton University Coauthors: Manuel Amador, Stanford, Gita Gopinath, Harvard, and Emmanuel Farhi, Harvard
	"The Market for OTC Credit Derivative" Presenter: Pierre-Olivier Weill, UCLA Coauthors: Andy Atkeson, UCLA and Andrea Eisfeldt, UCLA
11:00-11:15 A.M	Coffee Break
Session II
11:15-12:15 P.M.	"Overborrowing, Financial Crises and 'Macro-prudential' Policy" Presenter: Enrique Mendoza, University of Maryland Coauthor: Javier Bianchi, University of Wisconsin
12:15-1:30 P.M.	Lunch
Session III
1:30-2:30 P.M.	"Qualitative Easing: How it Works and Why it Matters" Presenter: Roger Farmer, UCLA
2:30-2:45 P.M.	Coffee Break
Session IV
2:45-3:45 P.M.	"Costly Labor Adjustment: Effects of China's Employment Regulations" Presenter: Russ Cooper, European University Institute Coauthors: Guan Gong, Shanghai University and Ping Yan, Peking University
3:45 P.M.	Adjourn