LACEA-LAMES 2006: Congress Programme

The Congress Programme is subject to last minute changes.

This version of the Programme was viewed at 10/20/2006 2:57:21 AM

4TH NOVEMBER 2006


DAY OVERVIEW
09:00 - 10:30 PAIRED INVITED LECTURES AND INVITED PANELS
10:30 - 11:00 COFFEE BREAK
11:00 - 12:15 CONTRIBUTED SESSIONS
12:15 - 13:30 LUNCH
12:30 - 13:30 LACEA KEYNOTE LECTURE
12:30 - 13:30 LAMES KEYNOTE LECTURE
13:45 - 15:00 CONTRIBUTED SESSIONS
15:00 - 15:30 COFFEE BREAK
15:30 - 17:00 PAIRED INVITED LECTURES AND INVITED PANELS
17:00 - 17:30 COFFEE BREAK
17:30 - 18:30 PLENARY LECTURE
18:45 - 19:45 BOOK PRESENTATION
20:15 - 21:45 CONFERENCE DINNER



09:00 - 10:30 PAIRED INVITED LECTURES AND INVITED PANELS
LACEA



09:00 - 10:30 GLOBALIZATION AND GROWTH (LACEA)
Chairperson: Federico Sturzenegger, Harvard University
Room

  WHAT YOU EXPORT MATTERS
Ricardo Hausmann, Harvard University

 
  DECOMPOSING THE EFFECTS OF FINANCIAL LIBERALIZATION: CRISES VS. GROWTH
Aaron Tornell, UCLA
 

09:00 - 10:30 PAIRED INVITED LECTURES AND INVITED PANELS
LAMES - Econometrics and Empirical Economics



09:00 - 10:30 FINANCIAL ECONOMETRICS (LAMES EEE)
Chairperson:
Room

  TESTING FOR JUMPS IN A DISCRETELY OBSERVED PROCESS
Yacine Ait-Sahalia, Princeton University

 
  TESTABLE DISTRIBUTIONAL IMPLICATIONS OF CONTINUOUS-TIME MODELS FOR DAILY STOCK RETURNS
Torben Andersen, Northwestern University
 

09:00 - 10:30 PAIRED INVITED LECTURES AND INVITED PANELS
LAMES - Theoretical and Applied Economics



09:00 - 10:30 POLITICS AND GROWTH (LAMES TAE)
Chairperson: Antonio Merlo, University of Pennsylvania
Room Bailleres Auditorium

  CAPTURED DEMOCRACIES
Daron Acemoglu, MIT

 
  DEMOCRATIC CAPITAL: A NEXUS OF POLITICAL AND ECONOMIC CHANGE
Torsten Persson, IIES
Co-Author: Guido Tabellini, Universita Bocconi
 

09:00 - 10:30 POVERTY ALLEVIATION (LAMES TAE)
Chairperson: Miguel Szekely, Private Consultant
Room 101

  EVALUATING CONDITIONAL CASH TRANSFER PROGRAMS IN LATIN AMERICA
Orazio Attanasio, University college London

 
  HOW DO WE EVALUATE LONG TERM CONSEQUENCES OF FAMILY WELFARE PROGRAMS: CASE OF FAMILY PLANNING IN MATLAB, BANGLADESH
T Paul Schultz, Yale University
 

10:30 - 11:00 COFFEE BREAK



11:00 - 12:15 CONTRIBUTED SESSIONS
LACEA



11:00 - 12:15 ECONOMIC HISTORY (LACEA)
Chairperson: Aurora Gómez, CIDE
Room 101

  THE NOTE ISSUE BANKING SYSTEM IN MÉXICO, 1897-1910: A MACROECONOMIC STABILITY EXPERIENCE
Mónica Gómez, Universidad Empresarial Siglo 21 / Universidad Nacional de Córdoba

 
  TAX LOBBYING: THE NATIONAL ASSOCIATION OF BEER PRODUCERS AND THE NEGOTIATION OF TAXES IN MEXICO, 1922-1930
Gabriela Recio, El Colegio de Mexico
Co-Author: Graciela Márquez, El Colegio de Mexico

 
  GLOBALIZATION, DE-INDUSTRIALIZATION AND MEXICAN EXCEPTIONALISM 1750'1879
Jeffrey Williamson, Harvard University
Co-Authors: Rafael Dobado González, Universidad Complutense de Madrid and Aurora Gómez, CIDE
 

11:00 - 12:15 DEBT, DEFAULT AND STABILIZATION IN LATIN AMERICA (LACEA)
Chairperson: Ugo Panizza, Inter-American Development Bank
Discussant: Marcio Garcia, PUC-Rio
Room 108

  HISTORY OF SOVEREIGN DEBT IN LAC
Gerry della Paolera, American U. in Paris

 
  THE ELUSIVE COSTS OF DEFAULTS
Eduardo Levy Yeyati, UTDT

 
  FISCAL RESPONSE TO REVENUE UNCERTAINTY
Roberto Rigobón, MIT
 

11:00 - 12:15 HUMAN CAPITAL AND WAGES (LACEA)
Chairperson:
Room SA2

  ESTIMATING THE RETURNS TO EDUCATION: ACCOUNTING FOR HETEROGENEITY IN ABILITY
Harry Patrinos, World Bank
Co-Authors: Cris Ridao-Cano, World Bank and Chris Sakellariou, Nanyang Technological University

 
  THE EFFECTIVENESS OF PRIVATE SCHOOL NETWORKS IN CHILE’S NATIONAL VOUCHER PROGRAM
Dante Contreras, Universidad de Chile

 
  MEXICO: HUMAN CAPITAL EFFECTS ON WAGES AND PRODUCTIVITY
Gladys Lopez-Acevedo, World Bank
 

11:00 - 12:15 POVERTY AND ECONOMIC GROWTH (LACEA)
Chairperson:
Room SA3

  ECONOMIC GROWTH AND (RE-)DISTRIBUTIVE POLICIES IN A NON-COOPERATIVE WORLD
Guenther Rehme, TU Darmstadt

 
  LINKAGES BETWEEN PRO-POOR GROWTH, SOCIAL PROGRAMMES AND LABOUR MARKET: THE RECENT BRAZILIAN EXPERIENCE
Neri Marcelo, Getulio Vargas Foundation
Co-Authors: Nanak Kakwani, and Hyun Son, UNDP, International Poverty Centre, Brazil

 
  FAMILY MIGRATION, CHILD LABOR AND POVERTY INTERGENERATIONAL CYCLE IN THE STATE OF SÃO PAULO - BRAZIL
Natalia Batista, Centro Brasileiro de Análise e Planejamento - CEBRAP
Co-Author: Maria Cristina Cacciamali, University of São Paulo
 

11:00 - 12:15 EDUCATION II (LACEA)
Chairperson:
Room B1

  WHAT DETERMINES ADULT COGNITIVE SKILLS? IMPACTS OF PRE-SCHOOLING, SCHOOLING AND POST-SCHOOLING EXPERIENCES IN GUATEMALA
John Maluccio, Middlebury College
Co-Author: John Hoddinott, International Food Policy Research Institute

 
  EMPOWERING PARENTS TO IMPROVE EDUCATION: EVIDENCE FROM RURAL MEXICO
Marta Rubio Codina, University of Toulouse I
Co-Authors: Paul J. Gertler, The World Bank and Harry Patrinos, World Bank

 
  PUBLIC EDUCATION AND GROWTH: COST-EFFECTIVENESS OF EDUCATIONAL POLICIES IN DEVELOPING COUNTRIES
Rossana Patron, University of Uruguay
 

11:00 - 12:15 EXCHANGE RATE DYNAMICS AND THE ECONOMY (LACEA)
Chairperson:
Room B2

  FIRM DYNAMICS AND REAL EXCHANGE RATE FLUCTUATIONS: DOES TRADE OPENNESS MATTER? EVIDENCE FROM MEXICO'S MANUFACTURING SECTOR
Miguel Fuentes, Universidad Católica de Chile
Co-Author: Pablo Ibarraran, IADB

 
  TIPO DE CAMBIO, POSICIONES NETAS DE LOS ESPECULADORES Y EL TAMAÑO DEL MERCADO DE FUTUROS DEL PESO MEXICANO
Torre Leonardo, Facultad de Economía UANL
Co-Author: Olga Provorova, Researcher

 
  THE USE OF CURRENCY DERIVATIVES BY BRAZILIAN COMPANIES: AN EMPIRICAL INVESTIGATION
Jose Rossi, Assistant Professor - IBMEC São Paulo
 

11:00 - 12:15 FINANCIAL INTERMEDIATION AND DEVELOPMENT (LACEA)
Chairperson:
Room B3

  CORPORATE GOVERNANCE AND FIRM VALUATION IN COLOMBIA
Carlos Pombo, Universidad Del Rosario

 
  LIQUIDITY CONSTRAINTS AND ENTREPRENEURSHIP IN PANAMA
Julio Guzman, University of Chicago

 
  AN EMPIRICAL ANALYSIS OF THE ANNUITY RATE IN CHILE
Marco Morales, Universidad Diego Portales
Co-Authors: Roberto Rocha, World Bank and Craig Thorburn, World Bank
 

11:00 - 12:15 GROWTH DETERMINANTS (LACEA)
Chairperson:
Room 106

  WHAT MAKES GROWTH SUSTAINED?
Jeromin Zettelmeyer, imf
Co-Authors: Andrew Berg, IMF and Jonathan Ostry, IMF

 
  IMPORT SUBSTITUTION AND ECONOMIC GROWTH
Mauro Rodrigues, UCLA

 
  ECONOMIC GROWTH AS PROBLEM SOLVING
Yaw Nyarko, New York University
 

11:00 - 12:15 INCENTIVES FOR INFORMAL MARKETS (LACEA)
Chairperson:
Room 107

  INSTITUTIONS, INFORMALITY, AND WAGE FLEXIBILITY
Marcello Estevao, International Monetary Fund

 
  WHAT CAUSES FIRMS TO HIDE OUTPUT? THE DETERMINANTS OF INFORMALITY
Era Dabla-Norris, International Monetary Fund

 
  THE EFFECT OF TRADE LIBERALIZATION ON INFORMALITY, PRODUCTIVITY AND WAGES: EVIDENCE FROM MEXICO
Benjamin Aleman Castilla, London School of Economics and Centre for Economic Performance
 

11:00 - 12:15 CORPORATE FINANCE (LACEA)
Chairperson:
Room Aud

  THE LAW AND ECONOMICS OF SELF-DEALING
Florencio López de Silanes, Delta, Cepremat, Ceras
Co-Authors: Simeon Djankov, World Bank, Rafael La Porta, Dartmouth University and Andrei Shleifer, Harvard University

 
  INSTITUTIONAL WEAKNESS AND STOCK PRICE VOLATILITY
Assaf Razin, Tel Aviv University and Cornell University
Co-Authors: Galina Hale, Yale University and Hui Tong, Bank of England

 
  AGENCY COSTS, CREDITOR RIGHTS, AND GROWTH
Nelson Souza Sobrinho, Graduate Student and Instructor at UCLA
 

11:00 - 12:15 MIGRATION (LACEA)
Chairperson:
Room 105

  THE EFFECTS OF BORDER ENFORCEMENT ON MIGRANTS, BORDER CROSSING CHOICE: DIVERSION OR DETERRENCE?
Carmen Carrion-Flores, The University of Arizona and Todd Sorensen, The University of Arizona

 
  DO HEALTHIER MEXICANS MIGRATE TO THE UNITED STATES? NEW FINDINGS FROM THE MEXICAN FAMILY LIFE SURVEY
Luis Rubalcava, cide and Graciela Teruel, Universidad Iberoamericana

 
  PUERTO RICAN MIGRATION FLOWS AS A TEST OF THE THEORY OF MIGRANT SELF-SELECTION: WHICH WAY THE BRAIN DRAIN?
Orlando Sotomayor, University of Puerto Rico
 

11:00 - 12:15 INEQUALITY AND MOBILITY II (LACEA)
Chairperson:
Room B4

  ESTIMATING INCOME MOBILITY IN ARGENTINA WITH PSEUDO-PANEL DATA
Ana Inés Navarro, Universidad de San Andrés

 
  LOCAL INEQUALITY AND PROJECT CHOICE IN A SOCIAL INVESTMENT FUND
Francisco Ferreira, The World Bank
Co-Authors: Caridad Araujo, The World Bank, Peter Lanjouw, The World Bank and Berk Ozler, The World Bank

 
  PSEUDO-PANEL ANALYSIS OF EARNINGS DYNAMICS AND MOBILITY IN LATIN AMERICA
Sebastian Calonico, Inter American Development Bank
 

11:00 - 12:15 LOCATION, INNOVATION AND TRADE (LACEA)
Chairperson:
Room B5

  LOCATION, CONCENTRATION, AND PERFORMANCE OF ECONOMIC ACTIVITY IN BRAZIL
Tito Yepes, The World Bank
Co-Author: Tito Yepes, The World Bank

 
  OUTPUT, ENDOWMENTS, AND THE BIAS OF DIRECTED INNOVATION
Bernardo Blum, University of Toronto

 
  ENVIRONMENTAL POLICY AND THE DIFFUSION OF A NEW TECHNOLOGY
Coria Jessica, Universidad Diego Portales
 

11:00 - 12:15 MONETARY AND BANKING (LACEA)
Chairperson:
Room SA4

  THE LENDING CHANNEL IN EMERGING ECONOMIES: ARE FOREIGN BANKS DIFFERENT?
Marco Arena, The World Bank
Co-Authors: Carmen Reinhart, University of Maryland and Francisco Vazquez, International Monetary Fund

 
  LOCATION DECISIONS OF FOREIGN BANKS AND COMPETITIVE ADVANTAGE
Neeltje Van Horen, World Bank
Co-Author: Stijn Claessens, World Bank

 
  ELECTIONS, EXCHANGE RATES & CENTRAL BANK REFORM IN LATIN AMERICA
Robin Grier, University of Oklahoma
Co-Authors: Rodolfo Cermeño, Centro de Investigación y Docencia Económicas (CIDE) and Kevin Grier, University of Oklahoma
 

11:00 - 12:15 MONETARY POLICY I (LACEA)
Chairperson:
Room 305

  INFLATION TARGETS AND THE INFLATION-OUTPUT TRADEOFF
José De Gregorio, Banco Central de Chile

 
  QUESTIONING THE TAYLOR RULE: HIDDEN VARIABLES
Rodrigo De Losso da Silveira Bueno, Department of Finance - EAESP-FGV

 
  ENDOGENOUS DOLLARIZATION AND MONETARY POLICY
David Florian Hoyle, Pontificia Universidad Catolica del Peru/Central Bank of Peru
Co-Authors: Trelles Jorge, Pontifica Universidad Catolica del Peru and Dancourt Oscar, Pontifica Universidad Catolica del Peru
 

11:00 - 12:15 INTERNATIONAL MACROECONOMICS (LACEA)
Chairperson:
Room 104

  A STRUCTURAL MACRO FINANCE MODEL FOR THE TERM STRUCTURE OF INTEREST RATE OF A SMALL OPEN ECONOMY
Marco Bonomo, Graduate School of Economics, Fundação Getulio Vargas
Co-Authors: René Garcia , Université de Montréal, CIRANO and CIREQ and Marcos Antonio C. Silveira, IPEA-Rio

 
  BALANCE SHEETS AND EXCHANGE RATE REGIMES: ESTIMATING THE INTERRELATIONSHIPS
Alina Luca, Drexel University
Co-Author: Hongfang Zhang, Drexel University

 
  FISCAL POLICY AND DEFAULT RISK IN EMERGING ECONOMIES
Gabriel Cuadra, Banco de Mexico
Co-Author: Horacio Sapriza, Rutgers University
 

11:00 - 12:15 CONTRIBUTED SESSIONS
LAMES - Econometrics and Empirical Economics



11:00 - 12:15 ECONOMETRIC THEORY V (LAMES EEE)
Chairperson: Joao Issler, Graduate School of Economics (EPGE) -- Getulio Vargas Foundation
Room

  A GENERAL TEST FOR RULE-OF-THUMB BEHAVIOR IN CONSUMPTION
Joao Issler, Graduate School of Economics (EPGE) -- Getulio Vargas Foundation
Co-Author: Fabio Gomes, EPGE-FGV

 
  TESTING FOR HYPOTHETICAL BIAS IN CONTINGENT VALUATION USING A LATENT CHOICE MULTINOMIAL LOGIT MODEL
Steven Caudill, Auburn University
Co-Authors: pete groothuis, appalachian state university and john whitehead, appalachian state univerity

 
  BAYESIAN INFERENCE IN THE REGRESSION DISCONTINUITY MODEL
Tomas Rau, UC Berkeley
 

11:00 - 12:15 APPLIED MICROECONOMICS II (LAMES EEE)
Chairperson: Bruno Funchal, Fundação Getulio Vargas
Room

  ESTIMATION OF ALLOCATIVE INEFFICIENCY AND PRODUCTIVITY GROWTH WITH DYNAMIC ADJUSTMENT COSTS
Christopher Cornwell, U of Georgia
Co-Author: Scott Atkinson, U of Georgia

 
  DURATION OF NEW FIRMS: DO STARTUP AND AGGREGATE CONDITIONS MATTER?
Robert Petrunia, Lakehead University
Co-Authors: Kim Huynh, Indiana University and Marcel-Cristian Voia, Carleton University, Ottawa

 
  BARRIERS TO EXIT
Alberto Chong, Inter-American Development Bank
Co-Author: Leon Gianmarco, IDB
 

11:00 - 12:15 APPLIED ECONOMICS II (LAMES EEE)
Chairperson: Alberto Chong, Inter-American Development Bank
Room

  HUMAN CAPITAL EXTERNALITIES IN CHILE: CITY LEVEL ESTIMATES
Claudia Sanhueza, Universidad de Chile

 
  DETERRENCE, STIGMA AND RECIDIVISM IN A DYNAMIC MODEL OF HUMAN CAPITAL ACCUMULATION AND CRIMINAL BEHAVIOR
Juan Pantano, UCLA Department of Economics

 
  EDUCATIONAL ATTAINMENT AND WAGES IN BRAZIL
Chiara Binelli, University College London (UCL) and Institute for Fiscal Studies (IFS)
Co-Authors: Costas Meghir, University College London (UCL) and Institute for Fiscal Studies (IFS) and Naercio Menezes-Filho, IBMEC-SP and University of Sao Paulo
 

11:00 - 12:15 EMPIRICAL FINANCE V (LAMES EEE)
Chairperson: Federico Bandi, University of Chicago
Room

  PORTFOLIO CHOICE WITH A LARGE NUMBER OF ASSETS: JUMPS AND DIVERSIFICATION
Julio Cacho-Diaz, Princeton University
Co-Authors: Yacine Ait-Sahalia, Princeton University and Tom Hurd, McMaster University

 
  GMM ESTIMATION OF AN ASSET PRICING MODEL WITH HABIT PERSISTENCE
Hugo Garduno, University of Chicago
Co-Author: Jose Fillat, University of Chicago

 
  MARKET VOLATILITY, MARKET FRICTIONS, AND THE CROSS-SECTION OF STOCK RETURNS
Federico Bandi, University of Chicago
 

11:00 - 12:15 LABOR I (LAMES EEE)
Chairperson: Marcela Perticara, Universidad Alberto Hurtado
Room

  STRUCTURAL MODELLLING OF FEMALE LABOUR PARTICIPATION AND OCCUPATION DECISIONS
Rafael De Hoyos, University of Cambridge

 
  UNEMPLOYMENT AND EMPLOYMENT DYNAMICS IN THE MEXICAN SEGMENTED LABOUR MARKET
Luis Alberto Isaac Sagaon Teyssier, GREQAM, Université de la Méditerranée
Co-Author: Xavier Joutard, GREQAM, Université de la Méditerranée

 
  WOMEN’S EMPLOYMENT TRANSITIONS AND FERTILITY
Marcela Perticara, Universidad Alberto Hurtado
 

11:00 - 12:15 CONTRIBUTED SESSIONS
LAMES - Theoretical and Applied Economics



11:00 - 12:15 POLITICAL ECONOMY II (LAMES TAE)
Chairperson: John Duggan, University of Rochester
Room

  PARTIES IN A REPEATED ELECTIONS MODEL
Larissa Campuzano, Mathematica Policy Research

 
  SIGNALING CHARACTER IN ELECTORAL COMPETITION
Preston McAfee, Caltech
Co-Author: Navin Kartik, University of California San Diego

 
  A RATIONAL EXPECTATIONS MODEL OF MEDIA SLANT
John Duggan, University of Rochester
Co-Author: César Martinelli, ITAM
 

11:00 - 12:15 GAME THEORY II (LAMES TAE)
Chairperson: Martin Meier, Instituto de Análisis Económico, CSIC
Room

  A SOLUTION FOR BARGAINING PROBLEMS WITH A DEADLINE
Horuo Imai, KIER, Kyoto University

 
  THE EMPIRICAL CONTENT OF THE SIGNALING HYPOTHESIS
Daniel Gottlieb, MIT
Co-Authors: Aloisio Araujo, IMPA and Humberto Moreira, Getulio Vargas Foundation

 
  NASH-WALRAS EQUILIBRIA WITH PRIVATE INFORMATION ON BOTH SIDES
Martin Meier, Instituto de Análisis Económico, CSIC
Co-Author: Enrico Minelli, dipartimento di scienze economiche, univ di brescia
 

11:00 - 12:15 CONSUMPTION AND SAVING (LAMES TAE)
Chairperson: Orazio Attanasio, University college London
Room

  FINANCIAL MARKETS INCOMPLETENESS AND INEQUALITY OVER THE LIFE-CYCLE
Jaime Ruiz-Tagle, Banco Central de Chile

 
  RISK SHARING IN PRIVATE INFORMATION MODELSWITH ASSET ACCUMULATION
Orazio Attanasio, University college London
Co-Author: Nicola Pavoni,

 
  HOW MUCH DEBTORS' PUNISHMENT?
Bruno Funchal, Fundação Getulio Vargas
Co-Author: Aloisio Araujo, IMPA
 

11:00 - 12:15 NATURAL RESOURCES AND DEVELOPMENT (LAMES TAE)
Chairperson:
Room

  GLOBAL AGREEMENTS FOR SUSTAINABLE DEVELOPMENT
Luis Sanchez-Mier, School of Economics, Universidad de Guanajuato
Co-Author: Urvi Neelakantan, University of Illinois at Urbana-Champaign

 
  PATHS OF DEVELOPMENT, SPECIALIZATION, ANDNATURAL RESOURCES ABUNDANCE
Rodrigo Fuentes, Central Bank of Chile

 
  MALARIA: DISEASE IMPACTS AND LONG-RUN INCOME DIFFERENCES
Christian Zimmermann, University of Connecticut
Co-Author: Douglas Gollin, Williams College
 

11:00 - 12:15 LABOR INFLEXIBILITY AND MACROECONOMICS (LAMES TAE)
Chairperson: Ronald Fischer, Universidad de Chile
Room

  REGULATION OF ENTRY, LABOR MARKET INSTITUTIONS AND THE INFORMAL SECTOR
Gabriel Ulyssea, Institute of Applied Economic Research (IPEA)

 
  THE EFFECTS OF LABOR MARKET POLICIES IN AN ECONOMY WITH AN INFORMAL SECTOR
Lucas Navarro, Queen Mary University of London
Co-Authors: James Albrecht, Georgetown University and Susan Vroman, Georgetown University

 
  PERFORMANCE OF AN ECONOMY WITH CREDIT CONSTRAINTS, BANKRUPTCY AND LABOR INFLEXIBILITY
Ronald Fischer, Universidad de Chile
Co-Author: Balmaceda Felipe, University of Chile
 

11:00 - 12:15 DEBT AND FINANCIAL CRISES (LAMES TAE)
Chairperson: Alejandro Diaz de Leon, Banco de México
Room

  DELAY AND “HAIRCUTS” IN DEBT SWAPS: GROWTH AND SUSTAINABILITY
Marcus Miller, Warwick University
Co-Author: Sayantan Ghosal, University of Warwick

 
  CONTAGION OF FINANCIAL CRISES IN SOVEREIGN DEBT MARKETS
Sandra Lizarazo, Instituto Autonomo de Mexico

 
  CREDIT CONSTRAINTS, FIRM DYNAMICS AND THE TRANSMISSION OF EXTERNAL FINANCIAL SHOCKS
Sangeeta Pratap, Hunter College and Graduate Center, City University of New York
Co-Author: Carlos Urrutia, ITAM
 

11:00 - 12:15 EMPIRICAL MACROECONOMICS (LAMES TAE)
Chairperson: Alejandro Castañeda, El Colegio de México A.C.
Room

  GROWTH AND BANKING STRUCTURE IN A PARTIALLY DOLLARIZED ECONOMY
Carlos Gustavo Machicado Salas, Doctorado Latinoamericano

 
  NONLINEAR VOLATILITY EFFECTS ON GROWTH IN DEVELOPING ECONOMIES
Nelson Ramirez Rondan, Central Bank of Peru

 
  LERNER INDEX: ESTIMATION AND THE IMPACT OF ITS MARKET STRUCTURE DETERMINANTS
Alejandro Castañeda, El Colegio de México A.C.
 

12:15 - 13:30 LUNCH



12:30 - 13:30 LACEA KEYNOTE LECTURE



12:30 - 13:30 KNOWLEDGE, DIFFUSION AND GEOGRAPHY (LACEA)
Chairperson: Andy Neumeyer, Universidad Di Tella
Room Gymnasium

  KNOWLEDGE, DIFFUSION AND GEOGRAPHY
Hugo Hopenhayn, UCLA
 

12:30 - 13:30 LAMES KEYNOTE LECTURE



12:30 - 13:30 LAMES CARLOS DIAZ ALEJANDRO LECTURE (LAMES TAE)
Chairperson: Ronald Fischer, Universidad de Chile
Room

  THE STRATEGIC ABUSE OF ANTITRUST LAWS
Preston McAfee, Caltech
 

13:45 - 15:00 CONTRIBUTED SESSIONS
LACEA



13:45 - 15:00 LATIN AMERICAN ECONOMIC HISTORY (LACEA)
Chairperson: Jaime Bonet, Banco de la República
Room SA2

  THE COLONIAL LEGACY AS A DETERMINANT OF REGIONAL PER CAPITA INCOME IN COLOMBIA
Jaime Bonet, Banco de la República and Adolfo Meisel , Banco de la República
Co-Authors: Jaime Bonet, Banco de la República and Adolfo Meisel , Banco de la República

 
  AN ECONOMIC HISTORY OF EDUCATION IN COLOMBIA IN THE 20TH CENTURY
Maria Teresa Ramirez, Banco de la Republica
Co-Author: Juana Tellez, Banco de la Republica

 
  ECONOMIC MODERNISATION IN LATIN AMERICA AND THE CARIBBEAN BETWEEN 1890 AND 1925: A VIEW FROM THE ENERGY CONSUMPTION
César Yáñez, Universidad de Barcelona
Co-Authors: Albert Carreras, Universitat Pompeu Fabra and Mar Rubio, Dra. in Economic History, Universitat Pompeu Fabra
 

13:45 - 15:00 IMPACT OF GLOBALIZATION IN MEXICAN ECONOMY (LACEA)
Chairperson:
Room Aud

  THE RECENT EVOLUTION OF MEXICO’S MANUFACTURING EXPORTS
Gordon Hanson, UC San Diego

 
  GROWTH DIAGNOSTIC OF THE MEXICAN ECONOMY
Ricardo Hausmann, Harvard University

 
  CHINESE COMPETITION AND MEXICAN MANUFACTURERS: PLANT-LEVEL EVIDENCE AND IMPLICATIONS FOR POLICY
Eric Verhoogen, Columbia University
 

13:45 - 15:00 CAPITAL FLOWS (LACEA)
Chairperson: Felipe Larraín, Universidad Católica de Chile
Organizer: Felipe Larraín, Universidad Católica de Chile
Room 107

  INTERNATIONAL FINANCIAL INTEGRATION AND ENTREPRENEURSHIP
Alfaro Laura, Harvard Business School

 
  WHAT DETERMINES FOREIGN DIRECT INVESTMENT: AN EMPIRICAL INVESTIGATION
Felipe Larraín, Universidad Católica de Chile

 
  CAPITAL CONTROLS: MYTH AND REALITY: A PORTFOLIO BALANCE APPROACH TO CAPITAL CONTROLS
Nicolas Magud, University of Oregon
Co-Authors: Carmen Reinhart, University of Maryland and Kenneth Rogoff, Harvard University
 

13:45 - 15:00 PROPERTY RIGHTS AND HOUSING MARKETS (LACEA)
Chairperson: Luis Guasch, World Bank
Discussant: Guillermo Babatz, SHF
Room 104

  PUBLIC INTERVENTION ON URBAN DEVELOPMENT: IMPACTS ON RESIDENTIAL LAND PRICES IN BRAZILIAN CITIES
Paulo Avila, IESPLAN

 
  DO PROPERTY TITLES INCREASE CREDIT ACCESS AMONG THE URBAN POOR? EVIDENCE FROM NATIONWIDE TITLING PROGRAM
Maximo Torero, International Food Policy Research Institute (IFPRI)

 
  DO URBAN LAND REGULATIONS INFLUENCE SLUM FORMATION? EVIDENCE FROM BRAZILIAN CITIES
Daniel Da Mata, DIRUR
 

13:45 - 15:00 NIP AND NETWORK ON POVERTY AND ECONOMIC POLICY (LACEA)
Chairperson: Luis Felipe Lopez-Calva, ITESM, Mexico City Campus
Room 106

  SEGMENTATION IN THE BRAZILIAN LABOR MARKET
Fernando Botelho, Princeton University

 
  WHAT IS THE SIZE OF THE PIE? MEASURING THE INFORMAL ECONOMY IN LATIN AMERICA AND THE CARIBBEAN
Guillermo Vuletin, IMF

 
  CGE MODEL FOR EVALUATING SOCIAL SECURITY REFORM IN ARGENTINA
Maria Laura Alzua, IERAL Fundacion Mediterranea

 
  FISCAL ADJUSTMENT, INCOME DISTRIBUTION AND POVERTY IN COLOMBIA: VALUE-ADDED TAX REFORM AND PUBLIC TRANSFERS
Manuel Ramirez, Universidad del Rosario
 

13:45 - 15:00 HOW EXPERIMENTS CAN ADD NEW INSIGHTS IN THE DEVELOPMENT ECONOMIC AGENDA? (LACEA)
Chairperson: Hugo Nopo, IADB
Room 108

  EXPERIMENTS AND ECONOMIC DEVELOPMENT: LESSONS FROM FIELD LABS IN THE DEVELOPING WORLD
Juan Camilo Cardenas, U. de los Andes

 
  THREE THEMES ON FIELD EXPERIMENTS AND ECONOMIC DEVELOPMENT
Jeffrey P. Carpenter, Middlebury College

 
  FIELD EXPERIMENTS. WHAT CAN BE LEARNED ABOUT ECONOMIC DEVELOPMENT?
Duncan Thomas, UCLA
 

13:45 - 15:00 THE DEVELOPMENT OF BOND MARKETS AND FINANCIAL STABILITY IMPLICATIONS (LACEA)
Chairperson:
Room 101

  DOMESTIC BOND MARKETS IN EMERGING MARKETS
Philip Turner, Bank for International Settlements

 
  THE DEVELOPMENT OF DOMESTIC BOND MARKETS AND FINANCIAL STABILITY IMPLICATIONS
Camilo Tovar, Bank for International Settlements

 
  A TALE OF TWO MARKETS: BOND MARKET DEVELOPMENT IN EAST ASIA AND LATIN AMERICA
Ugo Panizza, Inter-American Development Bank
 

13:45 - 15:00 SOVEREIGN DEBT II (LACEA)
Chairperson:
Room SA3

  PERSISTENCE IN SOVEREIGN RISK
Luis Catão, IMF
Co-Author: Sandeep Kapur, Universitty of London

 
  DEFAULT, DEBT LIMITS AND VOLATILITY DIFFERENTIAL BETWEEN EMERGING AND DEVELOPED ECONOMIES
Cesar Serra, University of California, Los Angeles

 
  DEFAULT RISK AND RISK AVERSE INTERNATIONAL INVESTORS
Sandra Lizarazo, Instituto Autonomo de Mexico
 

13:45 - 15:00 INTERNATIONAL TRADE II (LACEA)
Chairperson:
Room B1

  TRADE LIBERALIZATIONS IN LATIN AMERICA AND EASTERN EUROPE: THE CASES OF ECUADOR AND SLOVENIA
Stanley Cho, University of Minnesota / University of New South Wales
Co-Author: Julian Diaz, University of Minnesota

 
  WAGE DIFFERENTIALS: TRADE OPENNESS AND WAGE BARGAINING
Gustavo Gonzaga, PUC-Rio
Co-Authors: Beatriz Muriel, Universidad Catolica Boliviana and Cristina Terra, EPGE/FGV

 
  HAVE TRADE POLICY REFORMS ENABLED REDUCTION OF INEQUALITY AND POVERTY IN CENTRAL AMERICA?
Marco Vinicio Sánchez Cantillo, UN Department of Economic and Social Affairs
 

13:45 - 15:00 POVERTY ALLEVIATION PROGRAMS II (LACEA)
Chairperson:
Room B4

  THE MOTIVES FOR PRIVATE TRANSFERS: EVIDENCE FROM A TRANSFER PROGRAM FOR THE ELDERLY IN MEXICO
Laura Juarez, ITAM

 
  THE EFFECT OF SOCIAL SPENDING ON INCOME INEQUALITY: AN ANALYSIS FOR LATIN AMERICAN COUNTRIES.
Ospina Monica, Georgia State University

 
  FIGHTING LONG-RUN POVERTY IN BRAZIL: ARE CONDITIONAL CASH TRANSFER PROGRAMS MAKING A DIFFERENCE?
Andre Portela Souza, Getulio Vargas Foundation
 

13:45 - 15:00 MONETARY POLICY II (LACEA)
Chairperson:
Room B2

  FLEXIBLE EXCHANGE RATE WITH INFLATION TARGETING IN CHILE: EXPERIENCE AND ISSUES
Tokman Andrea, Central Bank of Chile
Co-Authors: José De Gregorio, Central Bank of Chile and Valdes Rodrigo, Central Bank of Chile

 
  INFLATION TARGETING, LEARNING AND Q VOLATILITY IN SMALL OPEN ECONOMIES
Paul McNelis, Fordham University
Co-Author: Guay Lim, University of Melbourne

 
  HETEROGENEITY OF CENTRAL BANKERS AND INFLATIONARY PRESSURE
Fabia Carvalho, Central Bank of Brazil and University of Brasilia
Co-Author: Maurício Bugarin, University of Brasilia and University of Illinois at Urbana Champaign
 

13:45 - 15:00 LABOR MARKETS III (LACEA)
Chairperson:
Room B3

  LABOR MARKET IMPACTS OF YOUTH TRAINING IN THE DOMINICAN REPUBLIC: EVIDENCE FROM A RANDOMIZED PROGRAM*
Gerardo David Rosas, IADB
Co-Authors: David Card, Berkeley University , Pablo Ibarraran, IADB, Ferdinando Regalia, and Yuri Soares,

 
  THE ASSOCIATION BETWEEN TEENAGE EMPLOYMENT AND THE MINIMUM WAGE: REVIZING THE REASSESSMENT
Cristobal Huneeus, Departamento Ingenieria Industrial, Universidad de Chile

 
  SIBLING SEX COMPOSITION AND EDUCATIONAL ATTAINMENT: EVIDENCE FROM CHILEAN FAMILIES
Claudia Sanhueza, Universidad de Chile
Co-Author: Daniela Zapata, Universidad de Chile
 

13:45 - 15:00 FOREIGN EXCHANGE RESERVES UNDER FLOATING EXCHANGE RATES (LACEA)
Chairperson:
Room 105

  ACCUMULATING FOREIGN RESERVES UNDER FLOATING EXCHANGE RATES
Fernando Goncalves, UC Berkeley and International Monetary Fund

 
  WHY COUNTRIES ACCUMULATE FOREIGN RESERVES? A DYNAMIC PANEL APPROACH
Jorge Carrera, Banco Central de la República Argentina
Co-Authors: Diego Bastourre , Banco Central de la Republica Argentina and Javier Ibarlucía, Banco Central de la República Argentina

 
  RESERVE ADEQUACY: MUCH HIGHER THAN YOU THOUGHT?
Miguel Messmacher, International Monetary Fund
 

13:45 - 15:00 INSTITUTIONS AND ECONOMICS (LACEA)
Chairperson:
Room B5

  SPILLOVER AND EXTERNALITY EFFECTS OF TITLING ON INVESTMENTS: EVIDENCE FROM PERU
Ricardo Fort, Wageningen University

 
  STRATEGIC DEFAULT AND PERSONAL CREDIT: THE BRAZILIAN NATURAL EXPERIMENT
Bruno Funchal, Fundação Getulio Vargas
Co-Author: Christiano A. Coelho, Brazilian Central Bank and PUC-Rio

 
  NEW EVIDENCE OF THE EFFECTS OF PUBLICLY PROVIDED INSURANCE ON HEALTH OUTCOMES: THE CASE OF THE SEGURO POPULAR
Nelly Aguilera, Conferencia Interamericana de Seguridad Social
Co-Author: Grecia Marrufo, Sphere Institute
 

13:45 - 15:00 MONETARY TRANSMISSION (LACEA)
Chairperson:
Room

  STRUCTURAL CHANGES IN THE TRANSMISSION MECHANISM OF MONETARY POLICY IN MEXICO: A NON-LINEAR VAR APPROACH
Gaytan Alejandro, Banco de México
Co-Author: González-García Jesus R., International Monetary Fund

 
  DISINTERMEDIATION AND MONETARYTRANSMISSION IN CANADA
Jorge Roldos, International Monetary Fund

 
  ROBUST MONETARY POLICY WITH THE CONSUMPTION-WEALTH CHANNEL
Eurilton Araújo, IBMEC SÃO PAULO
 

13:45 - 15:00 NETWORKS AND PUBLIC SERVICES (LACEA)
Chairperson:
Room SA1

  DURABLE GOODS, INNOVATION AND NETWORK EXTERNALITIES
Daniel Cerquera, ZEW Mannheim

 
  UNA EVALUACION SOCIAL DE LA INTRODUCCION DE LA TELEFONÍA IP SOBRE BANDA ANCHA
Ricardo Sanhueza, Universidad de los Andes - Chile
Co-Author: Alexander Galetovic, Universidad de los Andes - Chile

 
  DEVOLUTION AND ACCOUNTABILITY EFFECTS IN THE PUBLIC PROVISION OF WATER SERVICES IN INDONESIA
Patricia Meirelles, Boston University
Co-Author: Catherine Rodriguez, Universidad de los Andes
 

13:45 - 15:00 CONTRIBUTED SESSIONS
LAMES - Econometrics and Empirical Economics



13:45 - 15:00 LABOR II (LAMES EEE)
Chairperson: Marcello Estevao, International Monetary Fund
Room

  ARE THE FRENCH HAPPY WITH THE 35-HOUR WORKWEEK?
Marcello Estevao, International Monetary Fund
Co-Author: Filipa Sa, MIT, Department of Economics

 
  EMPLOYMENT DYNAMICS OF MARRIED WOMEN IN EUROPE
Pierre-Carl Michaud Michaud, RAND Corporation
Co-Author: Konstantinos Tatsiramos, IZA, Bonn

 
  MOBILITY BETWEEN FORMAL AND INFORMAL JOBS: EVIDENCE FROM TRANSITION AND LATIN AMERICAN COUNTRIES
Carmen Pages, World Bank
Co-Authors: Suzanne Duryea, Inter-American Development Bank, Gustavo Marquez, Inter-American Development Bank and Stefano Scarpetta, World Bank
 

13:45 - 15:00 TIME SERIES II (LAMES EEE)
Chairperson: Carlos Capistrán, Banco de México
Room

  CONDITIONAL FORECASTS AND THE MEASUREMENT OF MONETARY POLICY STANCE IN BRAZIL
Elcyon Lima, IPEA - UERJ
Co-Authors: Brisne Céspedes, IPEA, Alexis Maka, IPEA and Mário Jorge Mendonça, IPEA

 
  DISAGREEMENT AND BIASES IN INFLATION EXPECTATIONS
Carlos Capistrán, Banco de México
Co-Author: Allan Timmermann, Department of Economics and Rady School of Management, UCSD

 
  INFLATION EXPECTATION, REAL INTEREST RATE AND RISK PREMIUMS —EVIDENCE FROM BOND MARKET AND CONSUMER SURVEY DATA
Dong Fu, Federal Reserve Bank of Dallas and Southern Methodist University
 

13:45 - 15:00 APPLIED MACROECONOMICS III (LAMES EEE)
Chairperson: Raquel Fonseca, RAND Corporation
Room

  A BACK-OF-THE-ENVELOPE RULE TO IDENTIFY ATHEORETICAL VARS
Carlos M. Urzúa, Tecnológico de Monterrey, Campus Ciudad de México

 
  DEMANDA REAL DE DINERO EN URUGUAY: UN ENFOQUE DE ESTACIONALIDAD ESTOCÁSTICA
Elizabeth Bucacos, Banco Central del Uruguay

 
  BUSINESS CYCLE CO-MOVEMENT AND LABOR MARKET INSTITUTIONS: EMPIRICAL EVIDENCE FOR OECD COUNTRIES
Raquel Fonseca, RAND Corporation
Co-Authors: Lise Patureau, University of Cergy and Thepthida Sopraseuth, University of Evry
 

13:45 - 15:00 EMPIRICAL FINANCE VI (LAMES EEE)
Chairperson: Gonzalo Cortazar, Pontificia Universidad Catolica de Chile
Room

  CONSTRAINED SMOOTHING SPLINES FOR THE TERM STRUCTURE OF INTEREST RATES
Marcelo Moura, Ibmec São Paulo
Co-Author: Márcio Laurini, Ibmec São Paulo

 
  TERM STRUCTURE ESTIMATION IN MARKETS WITH INFREQUENT TRADING
Gonzalo Cortazar, Pontificia Universidad Catolica de Chile
Co-Authors: Lorenzo Naranjo, NYU and Eduardo Schwartz, UCLA

 
  GLOBAL FACTORS AND EMERGING MARKET SPREADS
Martin Gonzalez-Rozada, UTDT
Co-Author: Eduardo Levy Yeyati, UTDT
 

13:45 - 15:00 APPLIED ECONOMICS III (LAMES EEE)
Chairperson: Matteo Alessandro Bobba, Inter American Development Bank
Room

  THE PITFALLS OF EVALUATING A SCHOOL GRANTS PROGRAM USING NON-EXPERIMENTAL DATA
Joseph Shapiro, University of Oxford
Co-Author: Emmanuel Skoufias, The World Bank

 
  WEAK INSTRUMENT AND WEAK IDENTIFICATION IN ESTIMATING THE EFFECT OF EDUCATION ON DEMOCRACY
Matteo Alessandro Bobba, Inter American Development Bank
Co-Author: Decio Coviello, European University Institute
 

13:45 - 15:00 ECONOMETRIC THEORY VI (LAMES EEE)
Chairperson: Antonio Noriega, Banco de México
Room

  A FEW REMARKS ON THE RELEVANCE OF IRRELEVANT VARIABLES IN LINEAR REGRESSION MODELS, AND A TEST FOR COMPLETE MODEL SPECIFICATION.
Luigi Ventura, University of Rome "La Sapienza"
Co-Author: Enrico Zaghini, Dipartimento di Scienze Economiche

 
  FINITE SAMPLE COINTEGRATION TESTING USING WEAK TRENDS
Guillaume Chevillon, University of Oxford & Institute of Political Studies

 
  SPURIOUS REGRESSION AND ECONOMETRIC TRENDS
Antonio Noriega, Banco de México
Co-Author: Daniel Ventosa-Santaularia, Universidad de Guanajuato
 

13:45 - 15:00 CONTRIBUTED SESSIONS
LAMES - Theoretical and Applied Economics



13:45 - 15:00 INDUSTRIAL ORGANIZATION III (LAMES TAE)
Chairperson: Mariano Tappata, University of British Columbia, Sauder School of Business
Room

  HOW DO SWITCHING COSTS AFFECT THE COMPETITIVENESS OF RECENTLY LIBERALIZED MARKETS? THE CASE OF THE DUTCH ENERGY RETAIL INDUSTRY
Cesar Alejandro Hernandez Alva, University of Toulouse1- GREMAQ

 
  HABIT PERSISTENCE, MARKET POWER AND POLICY SELECTION
Luca Bossi, University of Miami
Co-Author: Vladimir Petkov, Victoria University of Wellington

 
  ROCKETS AND FEATHERS. UNDERSTANDING ASYMMETRIC PRICING.
Mariano Tappata, University of British Columbia, Sauder School of Business
 

13:45 - 15:00 AUCTIONS AND MECHANISM DESIGN (LAMES TAE)
Chairperson: Rene Saran, Brown University
Room

  EFFICIENCY IN MULTI-ISSUE NEGOTIATIONS
Nicolas Figueroa, Universidad de Chile

 
  FIRST-ORDER CONDITIONS FOR MULTIDIMENSIONAL AUCTIONS
Alvaro Riascos, Universidad de los Andes
Co-Author: Luciano De Castro, Universidad Carlos III

 
  IN BARGAINING WE TRUST
Rene Saran, Brown University
 

13:45 - 15:00 LABOR MARKETS (LAMES TAE)
Chairperson: Carlos Urrutia, ITAM
Room

  THE DYNAMIC BARGAINING PROBLEM IN LABOUR MARKETS
Renuka Metcalfe, WELMERC, University of Swansea

 
  TASK-SPECIFIC TRAINING AND JOB DESIGN
Balmaceda Felipe, University of Chile

 
  CEO COMPENSATION AND BOARD OVERSIGHT
Vidhi Chhaochharia, World Bank
Co-Author: Yaniv Grinstein, Cornell University
 

13:45 - 15:00 MONEY AND BANKING (LAMES TAE)
Chairperson: Rafael Repullo, CEMFI
Room

  BANKING POLICY WITHOUT COMMITMENT: SUSPENSION OF CONVERTIBILITY TAKEN SERIOUSLY
Todd Keister, Federal Reserve Bank of NY
Co-Author: Huberto Ennis, Federal Reserve Bank of Richmond

 
  BANKRUPTCY AND FIRM FINANCE
Tridib Sharma, ITAM

 
  ECONOMIC AND REGULATORY CAPITAL IN BANKING: WHAT IS THE DIFFERENCE?
Rafael Repullo, CEMFI
Co-Author: Abel Elizalde, Merril Lynch
 

13:45 - 15:00 GREAT DEPRESSIONS AND SUDDEN STOPS (LAMES TAE)
Chairperson: Alejandro Gaytan, Banco de Mexico
Room

  GREAT DEPRESSIONS AND FAKE RECOVERIES:PERU, 1982-2000
Silvio Rendón, ITAM
Co-Author: Carlos Urrutia, ITAM

 
  FINANCIAL CRISES AND TOTAL FACTOR PRODUCTIVITY
Felipe Meza, Universidad Carlos III de Madrid

 
  ENDOGEBOUS SUDDEN STOPS IN AN EQUILIBRIUM BUSINESS CYCLE MODEL: FISHER'S DEFLATION OF TOBIN'S Q
Enrique Mendoza, University of Maryland
 

13:45 - 15:00 POVERTY, INEQUALITY AND GROWTH (LAMES TAE)
Chairperson: Maurizio Iacopetta, Georgia Institute of Technology
Room

  THE IMPACT OF INFRASTRUCTURE INVESTMENTS ON ECONOMIC GROWTH AND POVERTY IN BRAZIL: A COMPUTABLE GENERAL EQUILIBRIUM APPROACH
Ignacio Tavares de A. Junior, Federal University of Paraiba - Brazil
Co-Author: Francisco Ramos, FEDERAL UNIVERSITY OF PERNAMBUCO

 
  THE IMPACT OF INEQUALITY ON ECONOMIC GROWTH: EVIDENCE FOR MEXICO 1895-1994
Roxana Gutierrez Romero, University of Oxford

 
  HUMAN CAPITAL DISPERSION AND INCENTIVES TO INNOVATE
Maurizio Iacopetta, Georgia Institute of Technology
 

15:00 - 15:30 COFFEE BREAK



15:30 - 17:00 PAIRED INVITED LECTURES AND INVITED PANELS
LACEA



15:30 - 17:00 TWELVE YEARS AFTER THE MEXICAN CRISIS: WHAT HAVE WE LEARNED? (LACEA)
Chairperson: Jaime Serra, SAI Consultores
Room 101

  WHY DID OUTPUT FALL SO SHARPLY IN MEXICO IN 1995?
Timothy Kehoe, University of Minnesota

 
  LESSONS FROM MEXICO"S 1994 CRASH AND THE DOZEN THAT CAME AFTER
Enrique Mendoza, University of Maryland
 

15:30 - 17:00 CARLOS DIAZ ALEJANDRO AWARD (LACEA)
Chairperson: Andres Velasco, Harvard University
Room Gymnasium


15:30 - 17:00 PAIRED INVITED LECTURES AND INVITED PANELS
LAMES - Theoretical and Applied Economics



15:30 - 17:00 LAMES MARIO HENRIQUE SIMONSEN LECTURE (LAMES TAE)
Chairperson: Aloisio Araujo, IMPA
Room Sala de Conferencias

  OPTIMAL MONETARY POLICY WITH PRICE RIGIDITY
Juan Pablo Nicolini, Universidad Di Tella

 
  ON-THE-JOB TRAINING, LIMITED COMMITMENT, AND FIRING COSTS
Carlos Urrutia, ITAM
Co-Authors: V.V. Chari, University of Minnesota and Diego Restuccia, University of Toronto
 

15:30 - 17:00 GAME THEORY (LAMES TAE)
Chairperson: Ennio Stacchetti, New York University
Room 113

  NON-MANIPULATION RESULTS FOR NON-BAYESIAN TESTS
Eddie Dekel, Northwestern University
Co-Author: Yossi Feinberg, Stanford University

 
  THE DISCRETE-TIME FOUNDATIONS OF CONTINUOUS-TIME REPEATED GAMES
Drew Fudenberg, Harvard University
Co-Author: David Levine, UCLA
 

17:00 - 17:30 COFFEE BREAK



17:30 - 18:30 PLENARY LECTURE



17:30 - 18:30 FEDERALISM AND INCENTIVES FOR SUCCESS OF DEMOCRACY ()
Chairperson: Salvador Barbera, Universitat Autonoma de Barcelona
Room Gymnasium

  FEDERALISM AND INCENTIVES FOR SUCCESS OF DEMOCRACY
Roger Myerson, University of Chicago
 

18:45 - 19:45 BOOK PRESENTATION



18:45 - 19:45 MACROECONOMICS BY JOSE DE GREGORIO (LACEA)
Chairperson:
Room Gymnasium


20:15 - 21:45 CONFERENCE DINNER


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