Events

Fall 2008

Date Presenter Topic
9/15 John Haltiwanger
(University of Maryland )		 Cross Country Differences in Productivity: The Role of Allocative Efficiency, (Bartelsman, Haltiwanger, Scarpetta, 2008)
Search frictions: Matching aggregate and establishment observations, (Cooper, Haltiwanger, Jon, 2007)
9/17 John Haltiwanger
(University of Maryland)		 The flow approach to labor markets: new data sources and micro-macro links, (Davis, Faberman, Haltiwanger 2006)
Reallocation, Firm Turnover and Efficiency: Selection on Productivity or Profitability, (Foster, Haltiwanger, Syverson, 2008)
10/6, 10/8 Roberto Chang
(Rutgers University)		 “First” and “Second Generation” Models:
* Flood, R., and P. Garber. “Collapsing Exchange Rate Regimes: Some Linear Examples.” JIE 17 (1984): 1-13
* Obstfeld, M. “The Logic of Currency Crises.” Cahiers Economiques et Monetaires 43 (1994): 189-213.
Krugman, P. “A Model of Balance of Payments Crises.” JMCB 11 (1979): 311-25
The Role of Moral Hazard:
Dooley, M. 1997. “A Model of Crises in Emerging Markets,” NBER Working Paper 6300.
Krugman, P. 1998. “What Happened to Asia?,” mimeo, MIT.
Financial Panics:
* Chang, R., and A. Velasco, “Financial Fragility and the Exchange Rate Regime,” Journal of Economic Theory, 92 (2000), 1-34.
______, “Liquidity Crises in Emerging Markets: Theory and Policy,” in NBER Macroeconomics Annual 1999 (Ben Bernanke and Julio Rotemberg, eds.), The MIT Press, Cambridge, 2000.
Chari, V.V. and P. Kehoe, “Hot Money,” JPE 111 (2003), 1262-92
Tirole, J. "Inefficient Foreign Borrowing." AER 93 (2003), 1678-1702
Global Games and Equilibrium Multiplicity:
* Morris, S., and H. S. Shin. “Unique Equilibrium in a Model of Self Fulfilling Attacks.” American Economic Review 88 (1998), 587-97.
Angeletos, G.M. and I. Werning, “Crises and Prices: Information Aggregation, Multiplicity, and Volatility,” AER 98 (2006), 1720-36
Hellwig, C., A. Mukherji, and A Tsyvinsky, “Self fulfilling currency crises: the role of interest rates,” AER 98 (2006), 1769-87