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35th Annual Economic Policy Conference

Frictions in Financial and Labor Markets
October 21-22, 2010

Program Information

The theme of this year's conference is "Frictions in Financial and Labor Markets." Several leading participants in this literature will present their research and commentary.

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

Please note that attendance is by invitation only.

To request to attend the conference, or for information about the conference or help with hotel reservations, please contact Denise Cain at, (314) 444-8567, or 1-800-333-0810, ext. 44-8567.

Conference Program

Thursday, October 21, 2010

"Opening Remarks" James Bullard, President, Federal Reserve Bank of St. Louis

"Financial Markets and Unemployment"
Presenter:Vincenzo Quadrini, University of Southern California
Coauthors:Tommaso Monacelli, Bocconi University
Antonella Trigari, Bocconi University
Discussant:Hernan J. Moscoso Boedo, University of Virginia

"Joint Search Theory: New Opportunities and New Frictions"
Presenter:Fatih Guvenen, University of Minnesota
Coauthors:Bulent Guler, Indiana University—Bloomington
Gianluca Violante, New York University
Discussant:John Kennan, University of Wisconsin—Madison

"Equilibrium Price Dispersion and Rigidity: A New Monetarist Approach"
Presenter:Guido Menzio, University of Pennsylvania
Coauthors:Allen Head, Queen's University
Lucy Qian Liu, International Monetary Fund
Randall Wright, University of Wisconsin—Madison
Discussant:Nancy Stokey, University of Chicago

"Quantifying the Impact of Financial Development on Economic Development"
Presenter:Jeremy Greenwood, University of Pennsylvania
Coauthors:Juan M. Sanchez, Federal Reserve Bank of St. Louis
Cheng Wang, Iowa State University
Discussant:Gary Hansen, University of California—Los Angeles

"Middle-Men in Limit Order Markets"
Presenter:Boyan Jovanovic, New York University
Coauthor:Albert Menkveld, Vrije Universiteit—Amsterdam
Discussant:B. Ravikumar, University of Iowa

Friday, October 22, 2010

"Intergenerational Redistribution in the Great Recession"
Presenter:Dirk Krueger, University of Pennsylvania
Coauthors:Jonathan Heathcote, Federal Reserve Bank of Minneapolis
Victor Rios-Rull, University of Minnesota
Discussant:Larry E. Jones, University of Minnesota

"Finance and Misallocation: Evidence from Plant-Level Data"
Presenter:Virgiliu Midrigan, New York University
Coauthor:Yi Xu, New York University
Discussant:Manuel Santos, University of Miami

"Social Security, Benefit Claiming, and Labor Force Participation: A Quantitative General Equilibrium Approach"
Presenter:Selahattin Imrohoroglu, University of Southern California
Coauthor:Sagiri Kitao, Federal Reserve Bank of New York
Discussant:Michele Boldrin, Washington University in St. Louis

Conference Agenda