MN Macro 2003

Bounded Memory and Biases in Information Processing

Andrea Wilson (Princeton)

Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle

Hal Cole (UCLA), Ron Leung (University of Minnesota), Lee Ohanian (UCLA)

Wage Determination and Employment Fluctuations

Robert Hall (Stanford)

Optimal Expectations

Markus K. Brunnermeier, Jonathan Parker (Princeton)

The Macroeconomic Implications of Rising Wage Inequality in the US

Jonathan Heathcote (Georgetown), Kjetil Storesletten (IIES), Gianluca Violante (NYU)

Shakeouts and Market Crashes

Alessandro Barbarino, Boyan Jovanovic (University of Chicago and NYU)

Dynamic Rational Expectations Equilibrium with Private Information: How Not to Forecast the Forecasts of Others

Katya Malinova, Lones Smith (University of Michigan)

Trade Theory and Trade Facts

Raphael Bergoeing (Universidad de Chile), Tim Kehoe (University of Minnesota)

Do Flexible Durable Goods Prices Undermine Sticky Price Models

Robert Barsky, Chris House, Miles Kimball (University of Michigan)

Public Announcements, Adjustment Delays and the Business Cycle

Christian Hellwig (UCLA)

The Cyclical Behavior of Equilibrium Unemployment and Vacancies: Evidence and Theory

Robert Shimer (Princeton)

A Theory of Factor Allocation and Plant Sizes

Thomas Holmes (University of Minnesota), Matt Mitchell (University of Iowa)

A Theory of Financing Constraints and Firm Dynamics

Gianluca Clementi (CMU), Hugo Hopenhayn (University of Rochester)

Frictionless Technology Diffusion: The Case of Tractors

Rodolfo Manuelli, Ananth Seshadri (University of Wisconsin)

The Optimal Degree of Discretion in Monetary Policy

Susan Athey (Stanford), Andrew Atkeson (UCLA), Patrick Kehoe (University of Minnesota)