Theme and Topics: Recent work on labor markets has stressed the importance of trading frictions in accounting for the outcomes that we observe in these markets. The focus of this conference, hosted by CAP, is to further our understanding of how frictions in both labor markets and related markets...

PRELIMINARY PROGRAM: - Exchange-Rate Models Are Not As Bad As You Think - Aggregate Implications of Credit Market Imperfections - Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data - What Do We Know about the Effects of Fiscal Policy? - How Structural Are...

The conference will focus on behavioral responses to taxes and social insurance programs, as well as the implications of such responses for government policy. Taxes are broadly defined to include direct individual and corporate taxes as well as indirect taxes. Social insurance programs include...

PRELIMINARY PROGRAM IAIN COCKBURN, Boston University and NBER Is the Pharmaceutical Industry in a Productivity Crisis? SCOTT STERN, Northwestern University and NBER When Ideas Are Not Free: The Impact of Patents on ScientificResearch PAULA STEPHAN, Georgia State University Wrapping it up in a...

PRELIMINARY PROGRAM - Shadow Employment - Male Breadwinner Values and Labor Market Performance - Fiscal Policy Rules in a Monetary Union - Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics - Globalization and Disinflation: The Efficiency Channel - Disagreement,...

PRELIMINARY PROGRAM - Are There Thresholds of Current Account Adjustment? - Financial Account Adjustment - Current Account Adjustment and International Wealth Transfers - Current Accounts and Global Rebalancing in a Multi-Country Simulation Model - The Emergence and Transformation of the US...