System Applied Microeconomics Conference

May 16-17, 2013
Agenda
Thursday, May 16, 2013
8:00 a.m. Continental Breakfast
8:45 a.m - 8:55 a.m.. Welcoming Remarks, Jamie McAndrews, Executive Vice President and Director of Research, Federal Reserve Bank of New York
8:55 a.m. - 10:40 a.m.

Session 1: Human Capital

Human Capital in the Inner City PDF
Dionissi Aliprantis, Federal Reserve Bank of Cleveland

Discussant: Ruben Hernandez-Murillo, Federal Reserve Bank of St. Louis

Merit Aid, Student Mobility and the Role of College Selectivity
Rajashri Chakrabarti, Federal Reserve Bank of New York
Joydeep Roy, Columbia University & IBO

Discussant: Jesse Bricker, Federal Reserve Board

Fertility Transitions Along the Extensive and Intensive Margins PDF
Daniel Aaronson, Federal Reserve Bank of Chicago
Fabian Lange, Yale University
Bhashkar Mazumder, Federal Reserve Bank of Chicago

Discussant: Juan Pantano, Federal Reserve Bank of St. Louis

10:40 a.m. - 10:55 a.m.

Break

10:55 a.m.- 12:05 p.m. Session 2: Skills
Labor-Market Polarization Over the Business Cycle PDF
Christopher Foote, Federal Reserve Bank of Boston
Richard W. Ryan, Federal Reserve Bank of Boston

Discussant: Didem Tuzemen, Federal Reserve Bank of Kansas City

Understanding the Long-Run Decline in Interstate Migration offsite
Sam Schulhofer-Wohl, Federal Reserve Bank of Minneapolis
Greg Kaplan, Princeton University

Discussant: Andrew Paciorek, Federal Reserve Board

12:05 p.m. - 1:20 p.m. Lunch

1:30 p.m. - 2:40 p.m. Session 3: Firms
The Impact of Health Care Reform on Small Employers: Lessons Learned from Massachusetts
Alicia Sasser Modestino, Federal Reserve Bank of Boston
Julia Dennett, Federal Reserve Bank of Boston

Discussant: Maxim Pinkovskiy, Federal Reserve Bank of New York

The Real Effects of Credit Line Drawdowns PDF
Ralf Meisenzahl, Federal Reserve Board
Jose M. Berrospide, Federal Reserve Board

Discussant: Christoffer Koch, Federal Reserve Bank of Dallas
2:40 p.m. - 2:55 p.m.

Break

2:55 p.m. - 4:05 p.m.

Session 4: Household Behavior

Household Formation, Credit, and Trustworthiness
Jane Dokko, Federal Reserve Board
Geng Li, Federal Reserve Board

Discussant
: Dan Hartley, Federal Reserve Bank of Cleveland

Portfolio Choice in a Two-Person Household PDF
Urvi Neelakantan, Federal Reserve Bank of Richmond
Nika Lazaryan, Federal Reserve Bank of Richmond
Angela Lyons, University of Illinois
Carl Nelson, University of Illinois

Discussant: Claudia Sahm, Federal Reserve Board
4:05 p.m. - 4:20 p.m.

Break

4:20 p.m. - 5:30 p.m.

Session 5: Consumption

Household Inflation Expectations, Inflation Uncertainty, and Spending
Mary Burke, Federal Reserve Bank of Boston
Ali Ozdagli, Federal Reserve Bank of Boston

Discussant: Wilbert van der Klaauw, Federal Reserve Bank of New York

General Purpose Reloadable Prepaid Cards: Penetration, Use, and Fraud Risks
Fumiko Hayashi, Federal Reserve Bank of Kansas City
Emily Cuddy, Federal Reserve Bank of Kansas City

Discussant: Neil Bhutta, Federal Reserve Board
5:30 p.m. - 7:00 p.m. Reception (light refreshments)
Friday, May 17
8:00 a.m. Continental Breakfast
8:45 am. - 10:30 a.m. Session 6: Housing
The Effect of Local Housing Ordinances on Neighborhood Stability PDF
Stephan Whitaker, Federal Reserve Bank of Cleveland
Thomas J. Fitzpatrick IV, Federal Reserve Bank of Cleveland
Lisa Nelson, Federal Reserve Bank of Cleveland
Francisca G.-C. Richter, Federal Reserve Bank of Cleveland

Discussant: Alice Henriques, Federal Reserve Board

Payment Size, Negative Equity, and Mortgage Default
Andreas Fuster, Federal Reserve Bank of New York
Paul S. Willen, Federal Reserve Bank of Boston

Discussant
: Anthony Murphy, Federal Reserve Bank of Dallas

Renegotiating Distressed Mortgage Loans: A Structural Estimation PDF
Wenli Li, Federal Reserve Bank of Philadelphia
Hanming Fang, University of Pennsylvania
You S. Kim, Federal Reserve Bank of Philadelphia

Discussant: James Vickery, Federal Reserve Bank of New York
10:30 a.m. - 10:45 a.m. Break
10:45 a.m. - 11:55 a.m. Session 7: Labor Market Search
The Intensity of Job Search and Search Duration
R. Jason Faberman, Federal Reserve Bank of Chicago
Marianna Kudlyak, Federal Reserve Bank of Richmond

Discussant: Melinda Pitts, Federal Reserve Bank of Atlanta

Scraping By: Responses to Unemployment Insurance Exhaustion in the Aftermath of the Great Recession
Robert G. Valletta, Federal Reserve Bank of San Francisco
Jesse Rothstein, University of California at Berkeley

Discussant: Julie Hotchkiss, Federal Reserve Bank of Atlanta
11:55 a.m. – 12:20 p.m. Break
12:20 p.m. – 1:20 p.m. Session 8: Housing and Saving
Do Consumers Want Less Debt?
John Krainer, Federal Reserve Bank of San Francisco
Elizabeth Laderman, Federal Reserve Bank of San Francisco
Reint Gropp, University of Frankfurt

Discussant: Meta Brown, Federal Reserve Bank of New York

Equity Extraction and Mortgage Default PDF
Steven Laufer, Federal Reserve Board

Discussant: Ronel Elul, Federal Reserve Bank of Philadelphia
1:20 PM Closing and Box Lunch

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