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TUESDAY 17 AUGUST 2010 09:00 - 10:45 PAIRED ... - netease.com

TUESDAY 17 AUGUST 2010 09:00 - 10:45 PAIRED ... - netease.com

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Hong Kong<br />

Co-Authors: Lena Edlund, Department of Economics, Columbia<br />

University, Hongbin Li, Department of Economics, School of Economics<br />

and Management, Tsinghua University and Junjian Yi, Department of<br />

Economics, Chinese University of Hong Kong<br />

11:15 - 12:<strong>45</strong> DYNAMIC ISSUES IN MACROECONOMICS (MAX)<br />

Chairperson: Toshihiko Mukoyama, University of<br />

Virginia<br />

Room Gran Melia B3<br />

ESTIMATING DYNAMIC CONTRACTS: RISK SHARING IN VILLAGE<br />

ECONOMIES<br />

Sarolta Laczo, Toulouse School of Economics and European University<br />

Institute<br />

TIME DISCOUNTING AND INTERGENERATIONAL ALTRUISM<br />

Masao Ogaki, Keio University<br />

Co-Authors: Charles Yuji Horioka, Osaka University, Akiko Kamesaka,<br />

Aoyama Gakuin University, Kohei Kubota, Osaka University and Fumio<br />

Ohtake, Osaka University<br />

UNDERSTANDING THE WELFARE EFFECTS OF UNEMPLOYMENT<br />

INSURANCE POLICY IN GENERAL EQUILIBRIUM<br />

Toshihiko Mukoyama, University of Virginia<br />

11:15 - 12:<strong>45</strong> MACROECONOMICS: INFLATION (MAX)<br />

Chairperson: Seok Gil Park, Indiana University<br />

Bloomington<br />

Room Gran Melia B4<br />

INFLATION EXPECTATIONS AND RISK PREMIUMS IN AN<br />

ARBITRAGE-FREE MODEL OF NOMINAL AND REAL BOND YIELDS<br />

Glenn Rudebusch, Federal Reserve Bank of San Francisco<br />

Co-Authors: Jens Christensen, FRBSF and Jose Lopez, FRBSF<br />

INFLATION, NOMINAL DEBT, HOUSING AND WELFARE<br />

Shutao Cao, Bank of Canada<br />

Co-Authors: Cesaire Meh, Bank of Canada, Jose-Victor Rios-Rull,<br />

University of Minnesota and Yasuo Terajima, Bank of Canada<br />

QUASI-FISCAL POLICIES OF INDEPENDENT CENTRAL BANKS<br />

AND INFLATION<br />

Seok Gil Park, Indiana University Bloomington<br />

11:15 - 12:<strong>45</strong> MODELS OF ASSET PRICING BUBBLES (MAX)<br />

Chairperson: Tomohiro Hirano, Financial Research<br />

and Training Center, Financial Services Agency,<br />

The Japanese Government<br />

Room Gran Melia F1<br />

PRODUCE OR SPECULATE? ASSET BUBBLES, OCCUPATIONAL<br />

CHOICE AND EFFICIENCY<br />

Edouard Challe, Ecole Polytechnique<br />

Co-Author: Pierre Cahuc, Ecole Polytechnique<br />

SELF-FULFILLING BELIEFS AND BOUNDED BUBBLES IN THE U.S.<br />

HOUSING MARKET<br />

Masanori Kashiwagi, University of California, Los Angeles<br />

ASSET BUBBLES, ENDOGENOUS GROWTH, AND FINANCIAL

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