LACEA-LAMES 2008: Congress Programme

The Congress Programme is subject to last minute changes.

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FRIDAY 21 NOVEMBER 2008


DAY OVERVIEW
08:15 - 09:45 SPONSORED AND CONTRIBUTED SESSIONS
09:45 - 10:00 COFFEE BREAK
10:00 - 11:00 INVITED LECTURES
11:00 - 12:30 INVITED LECTURES AND SESSIONS
11:00 - 12:30 SPONSORED SESSION
12:30 - 13:15 LUNCH
13:15 - 14:45 SPONSORED AND CONTRIBUTED SESSIONS
14:45 - 16:15 INVITED AND SPONSORED SESSIONS
16:15 - 16:30 COFFEE BREAK
16:30 - 17:30 KEYNOTE LECTURE
17:30 - 18:30 INVITED LECTURES
18:30 - 19:30 LACEA PLENARY SESSION
18:30 - 19:30 LAMES PRESIDENTIAL ADDRESS
20:30 CONFERENCE PARTY



08:15 - 09:45 SPONSORED AND CONTRIBUTED SESSIONS
LACEA



08:15 - 09:45 IDB SPONSORED SESSION: REASSESSING QUALITY OF EDUCATION IN LATIN AMERICA AND THE CARIBBEAN (LACEA)
Chairperson: Suzanne Duryea, Inter-American Development Bank
Room Auditorium 1

  PANELIST 1
Jorge Manzi, Universidad Católica de Chile

 
  PANELIST 2
Naercio Menezes-Filho, FEA-USP and Ibmec/SP
 

08:15 - 09:45 OECD LATIN AMERICAN ECONOMIC OUTLOOK (LACEA)
Chairperson: Jeff Dayton-Johnson, OECD
Room Auditorium 2

  PANELIST 1
Ricardo Hausmann, Director of the Center for International Development, Harvard University

 
  PANELIST 2
Augusto de la Torre, Chief Economist for Latin America and the Caribbean, World Bank

 
  PANELIST 3
Eduardo Lora, Chief Economist and General Manager, Research Department, IDB

 
  PANELIST 4
Mariano Tommasi, Professor of Economics, Universidad de San Andres and Director of the Center of Studies for Institutional Development

 
  PANELIST 5
Mauricio Cárdenas, Brookings Institute and LACEA

 
  PANELIST 6
Ernesto Stein, Lead Research Economist at Research Department, Inter-American Development Bank

 
  PANELIST 7
Ugo Panizza, Unctad

 
  PANELIST 8
Ernesto Talvi, Executive Director, CERES
 

08:15 - 09:45 BBVA SPONSORED SESSION: ASIA AND LATIN AMERICA FACING THE CRISIS: HOW MUCH CONTAGION, HOW MUCH DECOUPLING? (LACEA)
Chairperson: Guillermo Perry, Fedesarrollo
Room Auditorium 3

  PANELIST 1
Ernestor dos Santos, BBVA

 
  PANELIST 2
J. Ernesto Lopez Cordova, Inter-American Development Bank

 
  PANELIST 3
Mauricio Mesquita Moreira, Inter-American Development Bank

 
  PANELIST 4
Sergio Schmukler, World Bank

 
  PANELIST 5
Guillermo Perry, Fedesarrollo
 

08:15 - 09:45 LABOR ECONOMICS III (LACEA)
Chairperson: Manuel Barron, International Food Policy Research Institute
Room 206

  REGIONAL IMBALANCES AND MARKET POTENTIAL IN BRAZIL
Mauro LEMOS, Cedeplar/UFMG
Co-Authors: Pedro Amaral, CEDEPLAR/UFMG, Flávia Chein, CEDEPLAR/FACE/UFMG and Rodrigo SIMÕES, Cedeplar/UFMG

 
  MEXICO IN THE 1990S: THE MAIN CROSS-SECTIONAL FACTS
Chiara Binelli, Oxford University
Co-Author: Orazio Attanasio, University College London and Institute for Fiscal Studies

 
  TRANSANTIAGO AND THE LABOR MARKET
David Bravo, Centro de Microdatos, Departamento de Economia, Universidad de Chile
Co-Author: claudia martinez, Centro de Microdatos, Dept. Economics, Universidad de Chile

 
  DETERMINANTS OF TIME ALLOCATION TO RURAL NON-FARM EMPLOYMENT IN CENTRAL AMERICA: THE ROLE OF INFRASTRUCTURE AND EDUCATION
Manuel Barron, International Food Policy Research Institute
Co-Author: Maximo Torero, IFPRI
 

08:15 - 09:45 CREDIT AND BANKRUPTCY (LACEA)
Chairperson: Susan Schommer, IMPA - Instituto Nacional de Matematica Pura e Aplicada
Room 232

  DO REORGANIZATION COSTS MATTER FOR EFFICIENCY? EVIDENCE FROM A BANKRUPTCY REFORM IN COLOMBIA
Inessa Love, The World Bank
Co-Author: Xavier Gine, The World bank

 
  CREDIT CARD HOLDING AND USAGE IN MEXICO: EVIDENCE FROM THE NATIONAL SURVEY OF HOUSEHOLDS' INCOME AND EXPENDITURES 2006
Castellanos Sara, Secretaría de Economía, México
Co-Author: Daniel Garrido, Banco de México

 
  CREDIT CONSTRAINTS AND THE DEMAND FOR HIGHER EDUCATION IN LATIN AMERICA
Mariana Alfonso, Inter-American Development Bank

 
  REGULATED COLLATERAL WITH INCOMPLETE MARKETS
Susan Schommer, IMPA - Instituto Nacional de Matematica Pura e Aplicada
Co-Authors: Aloisio Araujo, FGV/EPGE and IMPA and Felix Kubler, University of Zurich
 

08:15 - 09:45 MONETARY POLICY I (LACEA)
Chairperson: Michael Binder, Goethe University Frankfurt
Room 236

  OPTIMAL MONETARY AND AUDIT POLICY WITH IMPERFECT TAXATION
Marcelo Arbex, University of Windsor
Co-Author: Nurlan Turdaliev, University of Windsor

 
  OPTIMAL MONETARY POLICY UNDER ASSET MARKET SEGMENTATION
Rajesh Singh, Iowa State University
Co-Authors: Amartya Lahiri, University of British Columbia and Carlos Vegh, university of maryland

 
  WHAT CAN TAYLOR RULES SAY ABOUT MONETARY POLICY IN LATIN AMERICA?
Alexandre de Carvalho, IBMEC SÃO PAULO
Co-Author: Marcelo Moura, IBMEC SAO PAULO

 
  ON THE EFFECTS OF MONETARY POLICY SHOCKS ON EXCHANGE RATES: A MULTILATERAL VECTOR ERROR CORRECTION APPROACH
Michael Binder, Goethe University Frankfurt
Co-Authors: Qianying Chen, Goethe University Frankfurt and Xuan Zhang, Goethe University Frankfurt
 

08:15 - 09:45 THE ECONOMICS OF CRIME I (LACEA)
Chairperson: Igor Barenboim, Harvard University
Room 329

  GUN CONTROL, CRIME AND RISK AVERSION
Cristiano Aguiar de Oliveira, UFRGS

 
  PREVENTION AND CONTROL OF HOMICIDES: AN EVALUATION OF IMPACT IN BRAZIL
Betânia Peixoto, CEDEPLAR/UFMG; FJP
Co-Authors: Joao Pedro Azevedo, World Bank and Monica Viegas Andrade, CEDEPLAR-UFMG

 
  DOES CRIME BREED INEQUALITY? EVIDENCE FROM THE FAVELAS OF RIO DE JANEIRO
Igor Barenboim, Harvard University
Co-Author: Filipe Campante, Harvard University
 

08:15 - 09:45 SOCIAL INTERACTIONS (LACEA)
Chairperson: Renos Vakis, World Bank
Room 331

  NETWORK STRUCTURE IN A LINK FORMATION GAME: AN EXPERIMENTAL STUDY
Roberto Muñoz, Universidad Técnica Federico Santa María
Co-Authors: Alexander Elbittar, Centro de Investigación y Docencia Economicas (CIDE) and Rodrigo Harrison, Pontificia Universidad Católica de Chile

 
  DO WELFARE PROGRAMS DAMAGE INTERPERSONAL TRUST? EXPERIMENTAL EVIDENCE FROM REPRESENTATIVE SAMPLES FOR FOUR LATIN AMERICAN CITIES
F. Vanessa Rios, Inter-American Development Bank
Co-Authors: Alberto Chong, Inter-American Development Bank and Hugo Nopo, Inter-American Development Bank

 
  THE ROLE OF SOCIAL CAPITAL ON INDIVIDUAL INCOMES IN BRAZIL
Alexandre Barros, Federal University of Pernambuco
Co-Author: Cristiane Mesquita, PIMES - Federal University of Pernambuco

 
  CHANGING HOUSEHOLDS’ INVESTMENTS AND ASPIRATIONS THROUGH SOCIAL INTERACTIONS: EVIDENCE FROM A RANDOMIZED TRANSFER PROGRAM IN A LOW-INCOME COUNTRY
Renos Vakis, World Bank
Co-Author: Karen Macours, Johns Hopkins University
 

08:15 - 09:45 AGRICULTURAL ECONOMICS (LACEA)
Chairperson: Alessandro Maffioli, Inter-American Development Bank
Room 335

  A HARD ROW TO HOE: SMALL-SCALE FARMING ON THE BRAZILIAN AMAZON FRONTIER UNDER INCOMPLETE PROPERTY RIGHTS
Robert Tatum, University of North Carolina - Asheville

 
  AMBIGUITY AVERSION AND PORTFOLIO CHOICE IN SMALL-SCALE PERUVIAN FARMING
Sonia Laszlo, McGill University
Co-Authors: Jim Engle-Warnick, McGill University and Javier Escobal, GRADE

 
  TECHNOLOGY ADOPTION IN UNCERTAIN ENVIRONMENTS
Pilar Useche, University of Florida

 
  THE IMPACT OF AGRICULTURAL EXTENSION SERVICES: THE CASE OF GRAPE PRODUCTION IN ARGENTINA
Alessandro Maffioli, Inter-American Development Bank
Co-Authors: Pedro Cerdán-Infantes, Inter-American Development Bank and Diego Ubfal, University of California at Los Angeles
 

08:15 - 09:45 POVERTY AND WELFARE II (LACEA)
Chairperson: Diego Arias, World Bank
Room 349

  NUTRITIONAL SUPPLEMENTATION OF GIRLS INFLUENCES THE GROWTH OF THEIR CHILDREN: PROSPECTIVE STUDY IN GUATEMALA
Maria Cecilia Calderon, University of Pennsylvania
Co-Authors: Jere Behrman, University of Pennsylvania, John Hoddinott, International Food Policy Research Institute (IFPRI), Reynaldo Martorell, Emory University, Samuel Preston, University of Pennsylvania and Aryeh Stein, Emory University

 
  CHRONIC VERSUS ACUTE CONDITIONS: UNDERSTANDING THE INCOME GRADIENT IN BRAZIL
Anna Crespo, Princeton University

 
  THE IMPACT OF FOOD PRICE INCREASES ON POVERTY IN MEXICO
Juan Carlos Chavez, CEFP / Universidad de Guanajuato
Co-Author: Hector J. Villarreal, EGAP ITESM / CEFP

 
  HAITI’S FOOD SUPPORT STRUCTURE: RESPONDING TO THE FOOD CRISIS
Diego Arias, World Bank
Co-Authors: Giau Nguyen, Harvard University, Hector Pena, University of Essex and Christopher Sutton, Harvard University
 

08:15 - 09:45 FINANCIAL CRISIS (LACEA)
Chairperson: Jihad Dagher, International Monetary Fund
Room 401

  CREDIT CHANNEL AND FLIGHT TO QUALITY IN EMERGING MARKETS: EVIDENCE FROM CHILE
Rodrigo Troncoso, Universidad Diego Portales

 
  FINANCIAL FRICTIONS, CRISES AND RECOVERIES
Guillermo Ordonez, Federal Reserve Bank of Minneapolis

 
  EFFECTS OF A FINANCIAL CRISIS ON OCCUPATIONAL CHOICE: AN EMPIRICAL EVALUATION
Gabriel Madeira, Universidade de São Paulo

 
  SUDDEN STOPS, OUTPUT DROPS AND CREDIT COLLAPSES
Jihad Dagher, International Monetary Fund
 

08:15 - 09:45 SPONSORED AND CONTRIBUTED SESSIONS
LAMES - Econometrics and Empirical Economics



08:15 - 09:45 TESTING: DENSITY AND UNIT ROOT (LAMES EEE)
Chairperson: Jesus Otero, Universidad del Rosario
Room 132

  ROOT-N-UNIFORMLY CONSISTENT DENSITY ESTIMATION IN NONPARAMETRIC REGRESSION MODELS
David Tomás Jacho-Chávez, Indiana University
Co-Author: Juan Carlos Escanciano, Indiana University

 
  SMALL BANDWIDTH ASYMPTOTICS FOR DENSITY-WEIGHTED AVERAGE DERIVATIVES
Matias Cattaneo, University of Michigan
Co-Authors: Richard Crump, University of California at Berkeley and Michael Jansson, University of California at Berkeley

 
  UNIT ROOT TESTING WITH STATIONARY COVARIATES AND A STRUCTURAL BREAK IN THE TREND FUNCTION
Sebastian Fossati, University of Washington

 
  TESTING FOR UNIT ROOTS IN THREE-DIMENSIONAL HETEROGENEOUS PANELS IN THE PRESENCE OF CROSS-SECTIONAL DEPENDENCE
Jesus Otero, Universidad del Rosario
Co-Authors: Giulietti Monica, Aston Business School and Jeremy Smith, University of Warwick
 

08:15 - 09:45 PUBLIC FINANCE (LAMES EEE)
Chairperson: Enlinson Mattos, Getulio Vargas Foundation - Sao Paulo School of Economics
Room 345

  3-STEP ANALYSIS OF PUBLIC FINANCES SUSTAINABILITY: THE CASE OF THE EUROPEAN UNION
Antonio Afonso, ECB and ISEG/UTL
Co-Author: Christophe Rault, LEO, University of Orléans

 
  DEMOCRACY AND REFORMS
Prachi Mishra, Research Department, IMF and Antonio Spilimbergo, IMF
Co-Author: Paola Giuliano, UCLA

 
  RICARDIAN EQUIVALENCE THEOREM IN ''A FEW LINES''
Jaime Orrillo, Catholic University of Brasilia
Co-Author: Jose Angelo Divino, Catholic University of Brasilia

 
  ON THE MARGINAL SOCIAL COST OF CASH-CUM-IN-KIND TRANSFERS
Enlinson Mattos, Getulio Vargas Foundation - Sao Paulo School of Economics
Co-Authors: Lucas Duarte, Getulio Vargas Foundation - Sao Paulo School of Economics and Juliana Serillo, Getulio Vargas Foundation - Sao Paulo School of Economics
 

08:15 - 09:45 ECONOMETRIC THEORY: MACROECONOMICS (LAMES EEE)
Chairperson: Eduardo Ley, The World Bank
Room 347

  A FRAMEWORK FOR ESTIMATING STRUCTURAL DYNAMIC MODELS WITH AGGREGATE SHOCKS WITH AN APPLICATION TO MORTGAGE DEFAULT IN COLOMBIA BETWEEN 1997 AND 2004
Juan Esteban Carranza, University of Wisconsin-Madison
Co-Author: Salvador Navarro, University of Wisconsin-Madison

 
  EFFICIENT LIKELIHOOD EVALUATION OF NONLINEAR RBC MODELS
Guilherme Valle Moura, University of Kiel, Germany
Co-Authors: David DeJong, University of Pittsburgh, Roman Lisenfeld, University of Kiel and Jean-Francois Richard, University of Pittsburgh

 
  IMPULSE RESPONSE MODELS IN VARIANCE AND COVARIANCE
Christos Ioannidis, School of Management-Univerisyt of Bath
Co-Author: Julian Williams, university of aberdeen

 
  ON THE EFFECT OF PRIOR ASSUMPTIONS IN BAYESIAN MODEL AVERAGING WITH APPLICATIONS TO GROWTH REGRESSION
Eduardo Ley, The World Bank
Co-Author: Mark Steel, University of Warwick
 

08:15 - 09:45 SPONSORED AND CONTRIBUTED SESSIONS
LAMES - Theoretical and Applied Economics



08:15 - 09:45 PRICE DYNAMICS (LAMES TAE)
Chairperson: Oleksiy Kryvtsov, Bank of Canada
Room 130

  CAN EXCHANGE RATES FORECAST COMMODITY PRICES?
Yu-chin Chen, University of Washington
Co-Authors: Kenneth Rogoff, Harvard University and Barbara Rossi, Duke University

 
  WAGE AND PRICE DYNAMICS IN PORTUGAL
Carlos Robalo Marques, Banco de Portugal

 
  A MULTI-SECTORAL APPROACH TO THE U.S. GREAT DEPRESSION
Pedro Amaral, Southern Methodist University
Co-Author: James MacGee, University of western Ontario

 
  INVENTORIES, MARKUPS, AND REAL RIGIDITIES IN MENU COST MODELS
Oleksiy Kryvtsov, Bank of Canada
 

08:15 - 09:45 FINANCIAL ECONOMICS II (LAMES TAE)
Chairperson: Georgios Skoulakis, University of Maryland
Room 224

  CHERRY-PICKING AND ASSET COMPLEXITY: A THEORY OF RATINGS INFLATION
Vasiliki Skreta, NYU, Stern School of Business
Co-Author: Laura Veldkamp, NYU, Stern

 
  PUBLIC INFORMATION AND COORDINATION: EVIDENCE FROM A CREDIT REGISTRY EXPANSION
Daniel Paravisini, Columbia University
Co-Authors: Andrew Hertzberg, Columbia University and Jose Liberti, DePaul University

 
  NONPARAMETRIC LINEAR REGRESSION TO SPOT THE VOLATILITY
Isabel Casas, CREATES (University of Aarhus)
Co-Author: Irene Gijbels, K.U. Leuven

 
  DO SUBJECTIVE EXPECTATIONS EXPLAIN ASSET PRICING PUZZLES?
Georgios Skoulakis, University of Maryland
Co-Author: Gurdip Bakshi, University of Maryland
 

08:15 - 09:45 GENERAL EQUILIBRIUM I (LAMES TAE)
Chairperson: V. Filipe Martins-da-Rocha, Graduate School of Economics, Getulio Vargas Foundation
Room 228

  THE DYNAMICS OF EFFICIENT ASSET TRADING WITH HETEROGENEOUS BELIEFS
Emilio Espino, Universidad Torcuato Di Tella
Co-Author: Pablo Beker, University of Warwick

 
  LEVERAGE CYCLES AND THE ANXIOUS ECONOMY
Ana Fostel, George Washington University
Co-Author: John Geanakoplos, Yale University

 
  WALRASIAN EQUILIBRIUM AS LIMIT OF A COMPETITIVE EQUILIBRIUM WITHOUT DIVISIBLE GOODS
Rivera Jorge, Departamento de Economia, U. de Chile
Co-Author: Florig Michael, University of Paris 1

 
  BELIEF FORMATION AND THE INFORMATION REVEALED BY ENDOGENOUS BORROWING CONSTRAINTS
V. Filipe Martins-da-Rocha, Graduate School of Economics, Getulio Vargas Foundation
Co-Author: Yiannis Vailakis, School of Business and Economics, University of Exeter
 

08:15 - 09:45 EXPERIMENTAL GAMES (LAMES TAE)
Chairperson: Andrei Gomberg, ITAM
Room 333

  ENDOGENOUS COMMUNICATION AND TACIT COORDINATION IN MARKET ENTRY GAMES -AN EXPLORATIVE EXPERIMENTAL STUDY
Håkan Holm, Lund University
Co-Author: Ola Andersson, Stockholm School of Economics

 
  CO-EVOLUTION OF INEQUITY-AVERSE AGENTS
Daniel Arce, University of Texas at Dallas

 
  UNDERSTANDING TRUST
Anna Toldra Simats, Kellogg School of Management, Northwestern University
Co-Authors: Paola Sapienza, Kellogg School of Management, Northwestern University and Luigi Zingales, GSB, University of Chicago

 
  A LABORATORY STYDY OF DEMAND REDUCTION AND COLLUSION IN UNIFORM AND DISCRIMINATORY-PRICE AUCTIONS
Andrei Gomberg, ITAM
Co-Author: Alexander Elbittar, Centro de Investigación y Docencia Economicas (CIDE)
 

09:45 - 10:00 COFFEE BREAK



10:00 - 11:00 INVITED LECTURES
LACEA



10:00 - 11:00 CARLOS ALEJANDRO DIAZ PRIZE: WINNER LECTURE (LACEA)
Chairperson: TBA,
Room Auditorium 2

  TBA
Jere Behrman, University of Pennsylvania
 

10:00 - 11:00 INVITED LECTURES
LAMES



10:00 - 11:00 SPECIAL LECTURE - SPONSORED BY BANCO ITAú (LAMES)
Chairperson: Paulo Klinger Monteiro, EPGE - FGV
Room Auditorium 1

  INCENTIVES TO CULTIVATE SPECIAL INTEREST GROUPS UNDER ALTERNATIVE ELECTORAL SYSTEMS
Roger Myerson, University of Chicago
 

10:00 - 11:00 SPECIAL LECTURE (LAMES)
Chairperson: João Victor Issler, FGV/EPGE/RJ
Room Auditorium 3

  ECONONOMIC MODELS AND MOMENT INEQUALITY ESTIMATORS
Ariel Pakes, Harvard University
 

11:00 - 12:30 INVITED LECTURES AND SESSIONS
LACEA



11:00 - 12:30 MACROECONOMICS II (LACEA)
Chairperson: Carlos E. da Costa, Fundação Getulio Vargas
Room Auditorium 1

  LESSONS FROM THE NEW DYNAMIC PUBLIC FINANCE
Narayana Kocherlakota, University of Minnesota

 
  EQUILIBRIUM DEFAULT
Hugo Hopenhayn, University of California, Los Angeles
Co-Author: Iván Werning, MIT
 

11:00 - 12:30 DEVELOPMENT ECONOMICS II (LACEA)
Chairperson: Juliano Assunção, Departamento de Economia PUC-Rio
Room Auditorium 3

  NUTRITION AND CHILD CARE CHOICES IN RURAL COLOMBIA
Orazio Attanasio, University College London and Institute for Fiscal Studies

 
  PAROCHIAL POLITICS: ETHNIC PREFERENCES AND POLITICIAN CORRUPTION
Abhijit Banerjee, MIT
Co-Author: Rohini Pande, Harvard University
 

11:00 - 12:30 POLITICAL ECONOMY II (LACEA)
Chairperson: Claudio Ferraz, PUC-Rio
Room 228

  WHAT MAKES PEOPLE VOTE? EVIDENCE FROM THREE FIELD EXPERIMENTS IN INDIA
Rohini Pande, Harvard University

 
  PRESS COVERAGE AND POLITICAL ACCOUNTABILITY
David Strömberg, Stockholm University

 
  SELF-ESTEEM, MORAL CAPITAL, AND WRONGDOING
Ernesto Dal Bó, University of California at Berkeley
 

11:00 - 12:30 INVITED LECTURES AND SESSIONS
LAMES



11:00 - 12:30 HURWICZ LECTURE (LAMES)
Chairperson: Mauricio Bugarin, Ibmec Sao Paulo
Room Auditorium 2

  THE LEVERAGE CYCLE AND THE PRESENT FINANCIAL CRISIS
John Geanakoplos, Yale University

 
  INSIDE AND OUTSIDE LIQUIDITY
José Scheinkman, Princeton University
Co-Authors: Patrick Bolton, Princeton University and Tano Santos, Columbia University
 

11:00 - 12:30 MECHANISM DESIGN (LAMES)
Chairperson: Humberto Moreira, FGV -- EPGE
Room 224

  MECHANISM DESIGN WITH BILATERAL CONTRACTING
David Martimort, Université Toulouse
Co-Author: Vianney Dequiedt, INRA

 
  DYNAMIC MECHANISM DESIGN
Ilya Segal, Stanford University
 

11:00 - 12:30 SPONSORED SESSION



11:00 - 12:30 IDB SPONSORED SESSION: THE FINANCIAL CRISIS AND THE TRANSMISSION MECHANISMS TO LATIN AMERICA (LACEA)
Chairperson: Andrew Powell, Inter- American Development Bank
Room 232

  PANELIST 1
Charles Calomiris, Columbia University

 
  PANELIST 2
Mauricio Cárdenas, Brookings Institute and LACEA

 
  PANELIST 3
Michael Gavin, Citadel Investment Group
 

12:30 - 13:15 LUNCH



13:15 - 14:45 SPONSORED AND CONTRIBUTED SESSIONS
LACEA



13:15 - 14:45 CAF PANEL ON INFRASTRUCTURE AND DEVELOPMENT (CAF FLAGSHIP 2009) (LACEA)
Chairperson: Pablo Sanguinetti, CAF/UTDT
Discussants: Mauricio Cárdenas, Brookings Institute and LACEA, Eduardo Engel, Department of Economics, Yale University and Guillermo Perry, Fedesarrollo
Room Auditorium 1

  SPEAKERS
Miguel Castilla, CAF and Pablo Sanguinetti, CAF/UTDT
 

13:15 - 14:45 IDB SPONSORED SESSION: GROWING PAINS: BINDING CONSTRAINTS TO PRODUCTIVE INVESTMENT IN LATIN AMERICA (LACEA)
Chairperson: Octaviano Canuto, Vice-President, Inter-American Development Bank
Discussants: Augusto de la Torre, Chief Economist for Latin America and the Caribbean, World Bank, Ricardo Hausmann, Director of the Center for International Development, Harvard University, Charles Sabel, Columbia University and Andres Velasco, Harvard University
Room Auditorium 2

  GROWING PAINS: BINDING CONSTRAINTS TO PRODUCTIVE INVESTMENT IN LATIN AMERICA
Manuel Agosín, Universidad de Chile and Fidel Jaramillo, Inter-American Development Bank
 

13:15 - 14:45 UNDP SPONSORED SESSION: THE INTERGENERATIONAL TRANSMISSION OF INEQUALITY IN HUMAN DEVELOPMENT (LACEA)
Chairperson: Luis Felipe López-Calva, Regional Bureau of Latin America and the Caribbean, UNDP
Room Auditorium 3

  THE INTERGENERATIONAL TRANSMISSION OF INEQUALITY IN LAC
Isidro Soloaga, Colmex and UNDP
Co-Author: Luis Felipe López-Calva, Regional Bureau of Latin America and the Caribbean, UNDP

 
  MOBILITY AND ASPIRATIONS AND THE TRANSMISSION OF INEQUALITY
Garance Genicot, University of Georgetown
Co-Author: Debraj Ray, NYU

 
  AGENCY, EMPOWERMENT AND THE TRANSMISSION OF INEQUALITY.
Maria Emma Santos, Oxford Poverty and Human Development Initiative, University of Oxford and CONICET-Universidad Nacional del Sur

 
  COMMENTS TO UNDP´S PROJECT LAC-REGIONAL REPORT ON THE INTERGENERATIONAL TRANSMISSION OF INEQUALITY IN HUMAN DEVELOPMENT
Jere Behrman, University of Pennsylvania
 

13:15 - 14:45 MONETARY POLICY II (LACEA)
Chairperson: Carlos Montoro, Universidad del Pacifico, Banco Central de Reserva del Peru
Room 206

  OPTIMAL INTEREST RATE RULES UNDER ENDOGENOUS FISCAL POLICY
Mercedes Haga, Universidad Adolfo Ibáñez

 
  INFLATION TARGETING IN LATIN AMERICA: TOWARDS A MONETARY UNION?
Marc Hofstetter, Universidad de los Andes

 
  BEFORE AND AFTER INFLATION TARGETING: CHANGES IN THE MONETARY POLICY TRANSMISSION MECHANISM IN COLOMBIA.
Munir Jalil, Universidad Nacional de Colombia / Banco de la Republica

 
  MONETARY POLICY IN THE PRESENCE OF INFORMAL LABOUR MARKETS
Carlos Montoro, Universidad del Pacifico, Banco Central de Reserva del Peru
Co-Author: Paul Castillo, Banco Central de Reserva del Peru
 

13:15 - 14:45 DEVELOPMENT AND INSTITUTIONS (LACEA)
Chairperson: Eduardo Cavallo, Inter-American Development Bank
Room 232

  SCHOOLING AND POLITICAL PARTICIPATION IN A NEOCLASSICAL FRAMEWORK:THEORY AND EVIDENCE
Filipe Campante, Harvard University
Co-Author: Davin Chor, Singapore Management University

 
  DEMOCRACY AND INEQUALITY: ELECTIONS AND REDISTRIBUTION IN BRAZIL
Fabiana Machado, Inter-American Development Bank

 
  EXCLUSIONARY POLICIES IN URBAN DEVELOPMENT: HOW UNDER-SERVICING MIGRANT HOUSEHOLDS AFFECTS THE GROWTH AND COMPOSITION OF BRAZILIAN CITIES
Leo Feler, Brown University
Co-Author: J. Vernon Henderson, Brown University

 
  ARE CRISES GOOD FOR LONG TERM GROWTH? THE ROLE OF POLITICAL INSTITUTIONS
Eduardo Cavallo, Inter-American Development Bank
Co-Author: Alberto Cavallo, Harvard university
 

13:15 - 14:45 THE ECONOMICS OF CRIME II (LACEA)
Chairperson: Ernesto Schargrodsky, Universidad Torcuato Di Tella
Room 236

  PERCEPTIONS AND ATTITUDES TO TERRORIST SHOCKS: EVIDENCE FROM THE UK
Catherine Mueller, DIW Berlin
Co-Author: Carlos Bozzoli, DIW Berlin

 
  TERRORIST SPECTACULARS: BACKLASH ATTACKS AND THE FOCUS OF INTELLIGENCE
Daniel Arce, University of Texas at Dallas
Co-Author: Todd Sandler, University of Texas at Dallas

 
  THE WAR ON ILLEGAL DRUG PRODUCTION AND TRAFFICKING: AN ECONOMIC EVALUATION OF PLAN COLOMBIA
Daniel Mejia, Universidad de los Andes and Fedesarrollo
Co-Author: Pascual Restrepo, Universidad de los Andes

 
  CRIMINAL RECIDIVISM AFTER PRISON AND ELECTRONIC MONITORING
Ernesto Schargrodsky, Universidad Torcuato Di Tella
Co-Author: Rafael Di Tella, Harvard Business School
 

13:15 - 14:45 POLITICAL CYCLES (LACEA)
Chairperson: Lorena Barberia, Fundação Getúlio Vargas
Room 329

  TERM LENGTH AND POLITICAL PERFORMANCE
Martin Rossi, Universidad de San Andres
Co-Author: Ernesto Dal Bó, University of California at Berkeley

 
  MUNICIPALITY SECESSION, VOTER’S PREFERENCE AND PERSISTENCE OF POWER
Enlinson Mattos, Getulio Vargas Foundation - Sao Paulo School of Economics
Co-Authors: Paulo Arvate, FGV and Michigan State University and Vladimir Ponczek, FGV

 
  CLIENTELISM-AUGMENTED POLITICAL BUDGET CYCLES. EVIDENCE FROM ARGENTINA
Osvaldo Meloni, Universidad Nacional de Tucumán

 
  DO POLITICAL BUDGET CYCLES DIFFER AMONG LATIN AMERICAN DEMOCRACIES?
Lorena Barberia, Fundação Getúlio Vargas
Co-Author: George Avelino F., Fundação Getúlio Vargas
 

13:15 - 14:45 POVERTY AND PUBLIC POLICY I (LACEA)
Chairperson: Matias Busso, Inter-American Development Bank
Room 331

  EFFICIENT DELIVERY OF CASH TRANSFERS TO THE POOR: IMPROVING THE DESIGN OF A CONDITIONAL CASH TRANSFER PROGRAM IN ECUADOR
Paul Carrillo, George Washington University

 
  THE REAL BOTTOM LINE: BENCHMARKING PERFORMANCE IN POVERTY REDUCTION IN LATIN AMERICA AND THE CARIBBEAN
Joao Pedro Azevedo, World Bank
Co-Authors: Ezequiel Molina, World Bank, John Newman, World Bank and Jaime Saavedra, World Bank

 
  MEASURING THE POVERTY EFFECTS OF MARKET CONCENTRATION
Carlos Rodríguez Castelán, Cornell University

 
  DO LOCAL ECONOMIC DEVELOPMENT PROGRAMS WORK? EVIDENCE FROM THE FEDERAL EMPOWERMENT ZONE PROGRAM
Matias Busso, Inter-American Development Bank
 

13:15 - 14:45 INTERNATIONAL ECONOMICS II (LACEA)
Chairperson: Hanan Morsy, International Monetary Fund
Room 335

  EMERGING MARKET FLUCTUATIONS: WHAT MAKES THE DIFFERENCE?
Constantino Hevia, The World Bank (DECRG)

 
  CAPITAL FLOWS, GROWTH AND THE FINANCIAL SYSTEM
Matias Fontenla, University of New Mexico

 
  AN IEO EVALUATION OF STRUCTURAL CONDITIONALITY IN IMF–SUPPORTED PROGRAMS
Ruben Lamdany, International Monetary Fund

 
  CURRENT ACCOUNT DETERMINANTS FOR OIL-EXPORTING COUNTRIES
Hanan Morsy, International Monetary Fund
 

13:15 - 14:45 FAMILY AND EDUCATION II (LACEA)
Chairperson: Felipe Barrera-Osorio, World Bank
Room 349

  APPAREL TRADE AND GENDER BIAS: LATIN AMERICA VS. ASIA
William Gruben, TAMIU
Co-Author: Darryl Mcleod, LACEA

 
  IS IT WORTHWHILE TO FINISH? JOB-TRAINING PROGRAMMES AND LOW COMPLETION RATE: THE CASE OF PROJOVEN-PERU
Henry Espinoza, Maastricht Graduate School of Governance

 
  I'LL DIVORCE YOUR DAD AS SOON AS YOU GO TO KINDERGARTEN
Ximena Quintanilla, University College London - Institute for Fiscal Studies
Co-Author: Julio Caceres, Universidad Carlos III, Madrid

 
  ON THE USE AND MISUSE OF COMPUTERS IN EDUCATION: EVIDENCE FROM A RANDOMIZED EXPERIMENT IN COLOMBIA
Felipe Barrera-Osorio, World Bank
Co-Author: Leigh Linden, Columbia University
 

13:15 - 14:45 LABOR ECONOMICS IV (LACEA)
Chairperson: Alberto P Gonzales Castillo, Inter-American Development Bank
Room 401

  DOES THE MINIMUM WAGE HAVE A HIGHER IMPACT ON THE INFORMAL THAN ON THE FORMAL LABOR MARKET? EVIDENCE FROM QUASI-EXPERIMENTS
Melanie Khamis, London School of Economics and IZA

 
  ARE INFORMAL WORKERS COMPENSATED FOR THE LACK OF FRINGE BENEFITS?FREE HEALTH CARE AS AN INSTRUMENT FOR FORMALITY
Laura Juarez, CIE-ITAM

 
  FEMALE LABOR SUPPLY AND CHILD CARE SUPPLY IN CHILE
Puentes Esteban, Centro de Microdatos, Universidad de Chile
Co-Authors: David Bravo, Centro de Microdatos, Departamento de Economia, Universidad de Chile and Dante Contreras, Centro de Microdatos, Universidad de Chile

 
  GENDER AND ETHNIC WAGE GAPS IN GUATEMALA FROM A MATCHING COMPARISONS PERSPECTIVE
Alberto P Gonzales Castillo, Inter-American Development Bank
Co-Author: Hugo Nopo, Inter-American Development Bank
 

13:15 - 14:45 SPONSORED AND CONTRIBUTED SESSIONS
LAMES - Econometrics and Empirical Economics



13:15 - 14:45 MACRO/INTERNATIONAL ECONOMICS (LAMES EEE)
Chairperson: Roberto Alvarez, Central Bank of Chile and Intelis, University of Chile
Room 130

  NOMINAL SHOCKS AND REAL EXCHANGE RATE FLUCTUATIONS
Luciana Juvenal, Federal Reserve Bank of St Louis

 
  FISCAL SHOCKS AND REAL EXCHANGE RATE DYNAMICS: SOME EVIDENCE FOR LATIN AMERICA
Guglielmo Maria Caporale, Brunel University

 
  GROWING UP IN BAD TIMES: MACROECONOMIC VOLATILITY AND THE FORMATION OF BELIEFS
Paola Giuliano, UCLA
Co-Author: Antonio Spilimbergo, IMF

 
  DAVID VERSUS GOLIATH: THE IMPACT OF CHINESE COMPETITION ON DEVELOPING COUNTRIES
Roberto Alvarez, Central Bank of Chile and Intelis, University of Chile
 

13:15 - 14:45 TRADE AND FIRMS (LAMES EEE)
Chairperson: Oskar Nupia, Universidad de los Andes
Room 132

  THE FLATTENING FIRM AND PRODUCT MARKET COMPETITION: THE EFFECT OF TRADE LIBERALIZATION
Maria Guadalupe, Columbia University
Co-Author: Julie Wulf, Harvard Business School

 
  SERVICES FDI AND MANUFACTURING PRODUCTIVITY GROWTH: EVIDENCE FOR CHILE
Caroline Paunov, OECD Development Centre
Co-Author: Ana Margarida Fernandes, The World Bank

 
  HETEROGENEOUS FIRMS AND IMPORT QUALITY: EVIDENCE FROM TRANSACTION-LEVEL PRICES
Benjamin Mandel, University of California, Davis

 
  TRUST AND TRADE
Oskar Nupia, Universidad de los Andes
 

13:15 - 14:45 ECONOMETRIC THEORY II (LAMES EEE)
Chairperson: Ignacio Lobato, ITAM
Room 224

  MAXIMUM LIKELIHOOD ESTIMATION OF FRACTIONALLY COINTEGRATED SYSTEMS
Katarzyna Łasak, CREATES, University of Aarhus

 
  HOW MUCH DO WE LEARN FROM THE ESTIMATION OF DSGE MODELS? A CASE STUDY OF IDENTIFICATION ISSUES IN A NEW KEYNESIAN BUSINESS CYCLE MODEL
Nikolay Iskrev, Bank of Portugal

 
  SPATIAL DYNAMIC FACTOR MODEL
Dani Gamerman, Instituto de Matemática - UFRJ
Co-Authors: Hedibert Lopes, Graduate School of Business, Chicago and Esther Salazar, Instituto de Matemática - UFRJ

 
  AN AUTOMATIC PORTMANTEAU TEST FOR SERIAL CORRELATION
Ignacio Lobato, ITAM
Co-Author: Juan Carlos Escanciano, Indiana University
 

13:15 - 14:45 ILLEGAL BEHAVIOR (LAMES EEE)
Chairperson: Ariaster Chimeli, Ohio University
Room 333

  A STATISTICAL EVALUATION OF FEMICIDE RATES IN MEXICAN CITIES ALONG THE US-MEXICO BORDER
Pedro Albuquerque, University of Minnesota Duluth
Co-Author: Prasad R. Vemala, Texas A&M International University

 
  THE EFFECTS OF CHILD LABOR ON THE HEALTH OF BRAZILIAN ADULTS
Nishijima Marislei, EACH-USP
Co-Author: André Souza, FGV

 
  AN ORDERED PROBIT MODEL FOR DRUGS DEMAND IN THE CITY OF SAO PAULO (2001)
Fernanda Perini de Castro, Centro Universitario Padre Anchieta
Co-Author: Alexandre Sartoris, Sao Paulo State University - UNESP

 
  PROHIBITION AND THE SUPPLY OF BRAZILIAN MAHOGANY
Ariaster Chimeli, Ohio University
 

13:15 - 14:45 FINANCE I (LAMES EEE)
Chairperson: Pedro Valls Pereira, EESP-FGV
Room 345

  FUTURES MARKETS, OIL PRICES AND THE INTERTEMPORAL APPROACH TO THE CURRENT ACCOUNT
Elif Arbatli, Bank of Canada

 
  TERM STRUCTURE FITTING, REGIME CHANGE AND THE EXPECTATION HYPOTHESES: A STUDY FOR BRAZIL
Gyorgy Varga, FCE Consulting

 
  ON THE STRUCTURE OF FINANCIAL CONTAGION: ECONOMETRIC TESTS AND MERCOSUR EVIDENCE
Ariel Viale, Florida Atlantic University
Co-Authors: David Bessler, Texas A & M University, James Kolari, Texas A & M University and Seppo Pynnönen, University of Vaasa

 
  PREDICTABILITY OF EQUITY MODELS
Pedro Valls Pereira, EESP-FGV
 

13:15 - 14:45 PROGRAM EVALUATION II (LAMES EEE)
Chairperson: Mushfiq Mobarak, Yale University
Room 347

  DO DAYLIGHT-SAVING TIME ADJUSTMENTS IMPACT HUMAN PERFORMANCE?
Doug Steigerwald, UC Santa Barbara
Co-Author: Marc Conte, UC Santa Barbara

 
  THE EFFECTS OF HEALTH-CONDITIONAL AND HEALTH-UNCONDITIONAL PROGRESA CASH TRANSFERS ON HEALTH
Carlos Chiapa, El Colegio de México

 
  INCOME EXPECTATIONS IN RURAL MEXICO
Vincenzo Di Maro, University College London
Co-Author: Orazio Attanasio, University College London and Institute for Fiscal Studies

 
  DECENTRALIZATION AND WATER POLLUTION SPILLOVERS: EVIDENCE FROM THE RE-DRAWING OF COUNTY BOUNDARIES IN BRAZIL
Mushfiq Mobarak, Yale University
 

13:15 - 14:45 SPONSORED AND CONTRIBUTED SESSIONS
LAMES - Theoretical and Applied Economics



13:15 - 14:45 MECHANISM DESIGN I (LAMES TAE)
Chairperson: Piaser Gwenael, Université du Luxembourg
Room 228

  CHARACTERIZATION OF DOMINANT STRATEGY MECHANISMS IN RICH DOMAINS
Juan Carlos Carbajal, School of Economics - The University of Queensland
Co-Author: Rabee Tourky, School of Economics, University of Queensland

 
  MULTIDIMENSIONAL INCENTIVE-COMPATIBILITY UNDER MULTIPLICATIVE SEPARABILITY
Daniel Gottlieb, MIT
Co-Authors: Aloisio Araujo, FGV/EPGE and IMPA and Humberto Moreira, FGV -- EPGE

 
  ON THE PLANNERS' LOSS DUE TO INCOMPLETE INFORMATION IN BAYESIAN MECHANISM DESIGN
Nicolas Figueroa, Universidad de Chile-CEA
Co-Author: José Correa, Universidad de Chile-DII

 
  DIRECT MECHANISMS, MENUS AND LATENT CONTRACTS
Piaser Gwenael, Université du Luxembourg
 

14:45 - 16:15 INVITED AND SPONSORED SESSIONS
LACEA



14:45 - 16:15 WORLD BANK SPONSORED PANEL: WHITHER THE FINANCIAL LANDSCAPE AND REGULATORY ARCHITECTURE? LOOKING BEYOND THE CRISIS (LACEA)
Chairperson: Guillermo Perry, Fedesarrollo
Organizers: Augusto de la Torre, Chief Economist for Latin America and the Caribbean, World Bank and Guillermo Perry, Fedesarrollo
Room Auditorium 2

  PANELIST 1
Augusto de la Torre, Chief Economist for Latin America and the Caribbean, World Bank

 
  PANELIST 2
Charles Calomiris, Columbia University

 
  PANELIST 3
Michael Dooley, University of California, Santa Cruz

 
  PANELIST 4
Sérgio R. C. Werlang , Banco Itaú and EPGE/FGV

 
  PANELIST 5
Eduardo Levy Yeyati, Barclays Capital
 

14:45 - 16:15 FGV-IBRE SPONSORED SESSION: PRICE MICRO DATA IN MACROECONOMICS (LACEA)
Chairperson: Vagner Ardeo, IBRE-FGV
Discussant: Carlos Viana de Carvalho, Federal Reserve Bank of New York
Room 228

  UNDERSTANDING MOVEMENTS IN AGGREGATE AND PRODUCT-LEVEL REAL-EXCHANGE RATES
Nir Jaimovitch, Stanford University
Co-Author: Ariel Burstein, University of California, Los Angeles

 
  STATE-DEPENDENT OR TIME-DEPENDENT PRICING: DOES IT MATTER FOR RECENT U.S. INFLATION?
Oleksiy Kryvtsov, Bank of Canada
Co-Author: Pete Klenow, Stanford University

 
  THE EVOLUTION OF PRICE SETTING IN A VARIABLE MACROECONOMIC ENVIRONMENT: EVIDENCE FROM THE BRAZILIAN CPI
Marco Bonomo, FGV/EPGE
Co-Authors: Rebecca Barros, IBRE-FGV and Sílvia Matos, IBRE-FGV
 

14:45 - 16:15 WORLD BANK SPONSORED SESSION: CONDITIONAL CASH TRANSFERS: THEORY, EVIDENCE AND POLICY (LACEA)
Chairperson: Francisco H. G. Ferreira, World Bank
Discussant: Orazio Attanasio, University College London and Institute for Fiscal Studies
Room 232

  THE ECONOMIC RATIONALE FOR CONDITIONAL CASH TRANSFERS
Francisco H. G. Ferreira, World Bank

 
  THE IMPACT OF CCTS ON HEALTH, EDUCATION AND LIVELIHOODS: A REVIEW OF THE EVIDENCE
Norbert Schady, World Bank

 
  SECOND GENERATION CCTS?: POLICY CHALLENGES IN THE DESIGN OF EFFECTIVE CONDITIONAL TRANSFERS
Ariel Fiszbein, World Bank
 

14:45 - 16:15 IDB SPONSORED SESSION: SOVEREIGN DEBT AND INTERNATIONAL RESERVES (LACEA)
Chairperson: Luis Catao, Inter-American Development Bank
Room 236

  OPTIMAL RESERVE MANAGEMENT AND SOVEREIGN DEBT
Laura Alfaro, Harvard Business School
Discussant(s): Luis Catao, Inter-American Development Bank
Co-Author: Fabil Kanczuk, USP

 
  THE PROBLEM THAT WASNT: COORDINATION FAILURES IN SOVEREIGN DEBT RESTRUCTURINGS
Marcos Chamon, International Monetary Fund
Discussant(s): Eduardo Borensztein, International Monetary Fund
Co-Author: Jeromin Zettlemeier, EBRD

 
  INDEXED SOVEREIGN DEBT: AN APPLIED FRAMEWORK
Guido Sandleris, Universidad Torcuato Di Tella
Discussant(s): Mark Wright, University of California, Los Angeles
Co-Authors: Horacio Sapriza, Rutgers Business School and Filippo Taddei, Collegio Carlo Alberto
 

14:45 - 16:15 LATIN AMERICA PRODUCTIVITY DECLINE (LACEA)
Chairperson: Pedro C. Ferreira, FGV-EPGE
Room 333

  THE EVOLUTION OF THE TFP IN LATIN AMERICA
Pedro C. Ferreira, FGV-EPGE

 
  THE LATIN AMERICAN DEVELOPMENT PROBLEM
Diego Restuccia, University of Toronto

 
  EAST ASIA VS. LATIN AMERICA: TFP AND HUMAN CAPITAL POLICIES
Rodolfo Manuelli, Winsconsin University
 

14:45 - 16:15 GROWTH & DEVELOPMENT (LACEA)
Chairperson: Francisco Buera, Northwestern/UCLA
Room 335

  FINANCE AND DEVELOPMENT: A TALE OF TWO SECTORS
Yongs Shin, Wash. U. St. Louis and U. Wisconsin-Madison

 
  COMPLEXITY AND GROWTH
Ricardo Hausmann, Director of the Center for International Development, Harvard University
Co-Author: Cesar Hidalgo,

 
  LEARNING THE WEALTH OF NATIONS
Francisco Buera, Northwestern/UCLA
Co-Authors: Alexander Monge-Naranjo, Penn State University and Giorgio E. Primiceri, Northwestern University
 

14:45 - 16:15 IDB SPONSORED SESSION: UNDERSTANDING QUALITY OF LIFE: A MULTIDIMENSIONAL APPROACH (LACEA)
Chairperson: Carol Graham, Brookings Institution
Room 347

  INCOME, DEPRIVATION AND PERCEPTIONS
Leonardo Gasparini, Universidad de La Plata

 
  THE CONFLICTIVE RELATION BETWEEN SATISFACTION AND INCOME
Eduardo Lora, Chief Economist and General Manager, Research Department, IDB

 
  VULNERABILITY AND QUALITY OF LIFE PERCEPTIONS
Mauricio Cárdenas, Brookings Institute and LACEA

 
  WORKING CONDITIONS AND QUALITY OF LIFE
Naercio Menezes-Filho, FEA-USP and Ibmec/SP
 

14:45 - 16:15 INVITED AND SPONSORED SESSIONS
LAMES



14:45 - 16:15 IDENTIFICATION OF DISCRETE CHOICE DEMAND MODELS (LAMES)
Chairperson: João Manoel De Mello, PUC-Rio
Room Auditorium 1

  NONPARAMETRIC IDENTIFICATION OF MULTINOMIAL CHOICE DEMAND MODELS WITH HETEROGENEOUS CONSUMERS
Steven Berry, Yale University
Co-Author: Philip A. Haile, Yale University

 
  IDENTIFICATION OF DISCRETE CHOICE DEMAND FROM MARKET LEVEL DATA
Philip A. Haile, Yale University
Co-Author: Steven Berry, Yale University
 

14:45 - 16:15 PRIVATE INFORMATION IN MARKETS AND CONTRACTS (LAMES)
Chairperson: Vinicius Carrasco, Department of Economis, PUC-Rio
Room Auditorium 3

  DECENTRALIZED TRADE WITH PRIVATE INFORMATION
Mikhail Golosov, MIT
Co-Authors: Guido Lorenzoni, MIT and Aleh Tsyvinski, Yale and NES

 
  LEARNING IN DYNAMIC INCENTIVE CONTRACTS
Yuliy Sannikov, University of California Berkeley
Co-Author: Peter DeMarzo, Stanford University
 

14:45 - 16:15 WOMEN, FERTILITY, AND DEVELOPMENT (LAMES)
Chairperson: Vladimir Ponczek, EESP - FGV/SP
Room 224

  WOMEN'S RIGHTS: FERTILITY AND THE TRADEOFF BETWEEN SELFISH HUSBANDS AND ALTRUISTIC FATHERS
Raquel Fernandez, NYU

 
  SON PREFERENCE, SEX SELECTION AND ECONOMIC DEVELOPMENT: THE CASE OF SOUTH KOREA
Lena Edlund, Columbia University
 

16:15 - 16:30 COFFEE BREAK



16:30 - 17:30 KEYNOTE LECTURE



16:30 - 17:30 KEYNOTE LECTURE - SPONSORED BY BNDES (LACEA-LAMES)
Chairperson: Pedro Valls Pereira, EESP-FGV
Room Auditorium 2

  THE HUMAN SIDE OF MECHANISM DESIGN
Daniel McFadden, University of California, Berkeley
 

17:30 - 18:30 INVITED LECTURES
LACEA



17:30 - 18:30 RAUL PREBISH LECTURE (LACEA)
Chairperson: Walter Novaes, PUC-Rio
Room Auditorium 1

  REFERENCE-DEPENDENT PREFERENCES: NEWS, UTILITY, AND CHOICE
Matthew Rabin, University of California Berkeley
 

17:30 - 18:30 INVITED LECTURES
LAMES



17:30 - 18:30 MIGUEL SIDRAUSKI LECTURE (LAMES)
Chairperson: Fernando de Holanda Barbosa, EPGE/FGV
Room Auditorium 3

  STEPPING ON A RAKE: THE ROLE OF FISCAL POLICY IN THE INFLATION OF THE 1970'S
Christopher A. Sims, Princeton University
 

18:30 - 19:30 LACEA PLENARY SESSION



18:30 - 19:30 IDB SPONSORED PLENARY SESSION: SAILING IN TURBULENT WATERS: WHAT COMES NEXT FOR LATIN AMERICA? (LACEA)
Chairperson: Alejandro Izquierdo, Inter-American Development Bank
Room Auditorium 1

  PANELIST 1
Ernesto Talvi, Executive Director, CERES

 
  PANELIST 2
Guillermo Calvo, Professor of Economics, International & Public Affairs - Columbia University

 
  PANELIST 3
Ricardo Hausmann, Director of the Center for International Development, Harvard University

 
  PANELIST 4
Armínio Fraga, Gávea Investimentos
 

18:30 - 19:30 LAMES PRESIDENTIAL ADDRESS



18:30 - 19:30 PRESIDENTIAL ADDRESS (LAMES)
Chairperson: Pablo Neumeyer, Universidad Torcuato Di Tella
Room Auditorium 2

  STATE CAPACITY, CONFLICT AND DEVELOPMENT
Torsten Persson, Institute for International Economic Studies
Co-Author(s): Timothy Besley, London School of Economics
 

20:30 CONFERENCE PARTY


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