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38th Annual Federal Reserve Bank of St. Louis Fall Conference

October 10-11, 2013

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

Thursday, October 10, 2013

8:00 – 8:45 am Continental Breakfast
8: 45 – 9:00 am Opening Remarks
James Bullard, President, Federal Reserve Bank of St. Louis
Session I:
Financial Markets 1
9:00 – 10:15 am "Trade Dynamics in the Market for Federal Funds"
Presenter:  Ricardo Lagos, New York University
Coauthor:  Gara Afonso, Federal Reserve Bank of New York
Discussant:  Huberto Ennis, Federal Reserve Bank of Richmond
10:15 – 10:45 pm Coffee break
10:45 – 12:00 pm "Banks' Risk Exposures"
Presenter:  Martin Schneider , Stanford University
Coauthors:  Juliane Begenau, Stanford University and Monika Piazzesi, Stanford University
Discussant:  Hanno Lustig, University of California-Los Angeles
12:00 – 1:00 pm Lunch
Session II:
Monetary Policy and Macro Dynamics
1:00 – 2:15 pm "Unemployment and Business Cycles"
Presenter:  Martin S. Eichenbaum, Northwestern University
Coauthors:  Lawrence J. Christiano, Northwestern University and Mathias Trabandt, Board of Governors of the Federal Reserve System
Discussant:  Jaroslav Borovicka, New York University
2:15 - 2:45 pm Coffee break
2:45 – 4:00 pm Conventional and Unconventional Monetary Policy in a Model with Endogenous Collateral Constraints
Presenter:  Michael Woodford, Columbia University
Coauthors:  Aloísio Araújo, Getulio Vargas Foundation and Susan Schommer, Instituto Nacional de Matemática Pura e Aplicada
Discussant:  Stephen Williamson, Washington University
4:00 – 5:15 pm "Leverage Restrictions in a Business Cycle Model"
Presenter:  Lawrence J. Christiano, Northwestern University
Coauthor:  Daisuke Ikeda, Bank of Japan
Discussant:  Benjamin Moll, Princeton University
5:15 – 6:15 pm Cocktails
6:30 Dinner

Friday, October 11, 2013

8:00 – 9:00 am Continental Breakfast
Session III:
Financial Markets 2
9:00 – 10:15 am "Measuring the Financial Soundness of U.S. Firms, 1926—2012"
Presenter:  Andrew G. Atkeson, University of California-Los Angeles
Coauthor:  Andrea L. Eisfeldt, University of California-Los Angeles and Pierre-Olivier Weill, University of California-Los Angeles
Discussant:  Gian Luca Clementi, New York University
10:15 – 10:45 pm Coffee break
10:45 – 12:00 pm "The I Theory of Money"
Presenter:  Markus K. Brunnermeier, Princeton University
Coauthor:  Yuliy Sannikov, Princeton University
Discussant:  Ed Nosal, Federal Reserve Bank of Chicago
12:00 – 1:00 pm Lunch
Session IV:
Households Lifecycle Behavior
1:00 – 2:15 pm "Is There 'Too Much' Inequality in Health Spending Across Income Groups?"
Presenter:  Lawrence Jones, University of Minnesota
Coauthors:  Laurence Ales, Carnegie Mellon University and Roozbeh Hosseini , Arizona State University
Discussant:  Selahattin İmrohoroğlu, University of Southern California
2:15 –3:30 pm "Retirement, Home Production and Labor Supply Elasticities"
Presenter:  Richard Rogerson, Princeton University
Coauthor:  Johanna Wallenius, Stockholm School of Economics
Discussant:  Robert E. Lucas, Jr., University of Chicago
3:30 pm Adjourn