November 8-9, 2012
The International Monetary Fund will hold the Thirteenth Jacques Polak Annual Research Conference at its headquarters in Washington DC on November 8-9, 2012.
The theme of this year's conference is “Labor Markets through the Lens of the Great Recession.” The conference is intended to provide a forum for discussing innovative research and to facilitate the exchange of views among researchers and policymakers. Peter Diamond (MIT) will deliver the Mundell-Fleming Lecture.
The conference is open to the public and registration is required. To register for the conference (registration will include all conference sessions, the Mundell-Fleming Lecture, and the Economic Forum) please complete the online registration form. Because of the hurricane, the deadline for registration has been extended to noon, Tuesday, November 6, 2012. Registered attendees will be required to present photo identification on entering the IMF at 1900 Pennsylvania Avenue, N.W., Washington D.C. For questions regarding the conference, please send an email to ARC@imf.org.
Please note that, for this event, invitations for visa purposes will be extended only to the conference participants.
The website contains papers and web links to papers that will be presented at the Thirteenth Jacques Polak Annual Research Conference (ARC). The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.
| Labor Markets through the Lens of the Great Recession
Program |
|
|---|---|
| Thursday, November 8, 2012 | |
| 8:00–8:45am |
Registration and Continental Breakfast |
| 8:45–9:15am |
Opening Remarks George Akerlof (Senior Resident Scholar, Research Department, IMF) |
| 9:15–10:55am |
Session 1: Macro Policies and Inequality Chair: Min Zhu (Deputy Managing Director, IMF) Top Incomes and the Great Recession: Recent Evolutions and Policy Implications Thomas Piketty (Paris School of Economics) and Emmanuel Saez (University of California, Berkeley) Discussant: Gianluca Violante (New York University) Innocent Bystanders? Monetary Policy and Inequality in the U.S. Olivier Coibion (University of Texas, Austin and IMF), Yuriy Gorodnichenko (University of California, Berkeley), Lorenz Kueng (Northwestern University) and John Silvia (Wells Fargo) Discussant: Romain Ranciere (IMF) |
| 10:55–11:10am |
Coffee Break |
| 11:10–12:50pm |
Session 2: Basic Labor Market Facts Chair: Gian Maria Milesi-Ferretti (Deputy Director, Western Hemisphere Department) Laurence Ball (Johns Hopkins University), Daniel Leigh (IMF) and Prakash Loungani (IMF) Discussant: Paul Beaudry (University of British Columbia) Beveridge Curve Shifts across Countries since the Great Recession Bart Hobijn (Federal Reserve Bank of San Francisco) and Ayşegül Şahin (Federal Reserve Bank of New York) Discussant: Robert Shimer (University of Chicago) |
| 1:00–2:45pm |
Lunch (By invitation only, Conference Hall 2) |
| 3:00–4:30pm |
Mundell-Fleming Lecture “Cyclical Unemployment, Structural Unemployment” Peter Diamond (MIT) Introduction by: Olivier Blanchard (Economic Counsellor and Director, Research Department, IMF) Watch the Mundell-Fleming Lecture |
| Friday, November 9, 2012 | |
| 8:15–9:00am |
Registration and Continental Breakfast |
| 9:00–10:30am |
Session 3: Trade, Productivity and Labor Markets Chair: Tamim Bayoumi (Deputy Director, Strategy, Policy, and Review Department, IMF) Patterns of Convergence and Divergence in the Euro Area Ángel Estrada (Bank of Spain), Jordi Galí (CREI) and David Lopéz-Salido (Federal Reserve Board) Discussant: Martin Baily (Brookings Institute) The Global Labor Market Impact of Emerging Giants: a Quantitative Assessment Andrei A. Levchenko (University of Michigan) and Jing Zhang (University of Michigan) Discussant: Rafael Dix-Carneiro (University of Maryland) |
| 10:30–10:45am |
Coffee Break |
| 10:45–1:00pm |
Session 4: The Role of Credit Markets Chair: José Vinãls (Financial Counsellor and Director, Monetary and Capital Markets Department, IMF) How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size Teresa Fort (Tuck School of Business at Dartmouth), John Haltiwanger (University of Maryland), Ron S. Jarmin (U.S. Census Bureau) and Javier Miranda (Bureau of the Census Discussant: Roberto Fattal Jaef (IMF) Foreclosure Delay and U.S. Unemployment Kyle F. Herkenhoff (University of California, Los Angeles) and Lee E. Ohanian (University of California, Los Angeles) Discussant: Sam Schulhofer-Wohl (Federal Reserve Bank of Minneapolis) The Labor Market Consequences of Adverse Financial Shocks Tito Boeri (Bocconi University), Pietro Garibaldi (Collegio Carlo Alberto) and Espen R.Moen (Norwegian Business School) Discussant: Amartya Lahiri (University of British Columbia) |
| 1:00–2:20pm |
Lunch (By invitation only, HQ2, Conference Hall 2) |
| 2:30–4:45pm |
Session 5: Supply Side Reforms and Employment Miracles Chair: Paolo Mauro (Assistant Director African Department, IMF) Caroline Freund (The World Bank) and Bob Rijkers (The World Bank) Discussant: Beth Anne Wilson (Federal Reserve Board) Shigeru Fujita (Federal Reserve Bank of Philadelphia) and Giuseppe Moscarini (Yale University) Discussant: Robert Valletta (Federal Reserve Bank of San Francisco) Macroeconomic Evaluation of Labor Market Reform in Germany Tom Krebs (University of Mannheim) and Martin Scheffel (ETH Zuerich) Discussant: Romain Duval (IMF and OECD) |
| 4:45–5:00pm |
Coffee Break |
| 5:00–6:30pm | Economic Forum:
Policies and Jobs Moderator: Olivier Blanchard, Economic Counsellor and Director, Research Department, IMF Panelists: 1. Ricardo Hausmann (Harvard University) 2. Lawrence Katz (Harvard University) 3. Adriana Kugler (U.S. Department of Labor) 4. Martin Rama (The World Bank) |
Conference Organizing Committee: Luis Catão (Chair), Rudolfs Bems, Era Dabla-Norris, Marcello Estevão, Martin Evans, and Ayhan Kose, (all IMF), and Pierre-Olivier Gourinchas (Editor of the IMF Economic Review, University of California, Berkeley).
Conference Coordinator: Tracey Lookadoo
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