Tepper School Simon School at University of Rochester NYU

Carnegie-Rochester-NYU Conference on Public Policy

Public Policy Conference Series Semi-annual Conference


MARVIN GOODFRIEND, Carnegie Mellon University
STANLEY E. ZIN, New York University


The Carnegie-Rochester Conference on Public Policy was initiated in the early 1970's through the efforts of the Bradley Policy Research Center at the William E. Simon School of Business Administration at the University of Rochester and the Center for the Study of Public Policy at Carnegie Mellon University.  Under the leadership of the late Karl Brunner (University of Rochester) and Allan Meltzer (Carnegie Mellon University) the Conference developed into a semi-annual event occurring in April in Rochester and November in Pittsburgh.

The principal objectives of the Conferences are (a) to stimulate policy relevance and empirical research in economic science, (b) to encourage interchange of scientific ideas among analysts with different approaches, and (c) to generate greater understanding by academic economists of practitioner's environments.

Each conference tends to be organized around a particular theme or topic with papers prepared by leading scholars with expertise in the area.  Participants are united by their interest in the issues discussed and by their belief that analysis, evidence, and informed discussion have lasting effects on the public and its institutions.

Advisory Board

ANDREW ABEL, University of Pennsylvania
MARK AGUIAR, Princeton University
GEORGE ALESSANDRIA, University of Rochester
YAN BAI, University of Rochester
MARK BILS, University of Rochester
YONGSUNG CHANG, University of Rochester
HAROLD COLE, University of Pennsylvania
THOMAS COOLEY, New York University
BURTON HOLLIFIELD, Carnegie Mellon University
NARAYANA KOCHERLAKOTA, University of Rochester
CHRISTOPHER SLEET, Carnegie Mellon University
LINDA TESAR, University of Michigan
GIANLUCA VIOLANTE, New York University
MICHAEL WAUGH, New York University
AMIR YARON, University of Pennsylvania
SEVIN YELTEKIN, Carnegie Mellon University



“A Conference Honoring the Contributions of Charles Plosser to Economics”
The 91st Meeting of the Carnegie-Rochester-NYU Conference on Public Policy

April 20-21, 2018



8:00-11:00 pm  Welcome Reception at Hilton Garden Inn, 155 East Main Street


8:15 am  Bus transportation to Campus – refer to bus schedule
8:45-9:15 am Packet Retrieval and Breakfast – Welles-Brown Room, Rush Rhees Library
Chair: Thomas Cooley, NYU
9:15-10:30 am  “Forward Guidance”
Marcus Hagedorn, University of Oslo
Jinfeng Luo, University of Pennsylvania
Iourii Manovskii, University of Pennsylvania
Kurt Mitman, Stockholm University
  Discussant:  Jeffrey Lacker, New York University
10:30-10:45 am Break – Welles-Brown Room, Rush Rhees Library
10:45 am-12:00 pm

“Practical Policy Evaluvation”
Narayana Kocherlakota, University of Rochester

  Discussant: Hal Cole, University of Pennsylvania
12:00 pm Luncheon – Welles-Brown Room, Rush Rhees Library
Chair: Stanley Zin, NYU
1:30-2:45 pm “On the Mechanics of New-Keynesian Models”
Peter Rupert, University of California, Santa Barbara
Roman Sustek, Queen Mary University of London
  Discussant:  Robert King, Boston University
2:45-3:00 pm Break – Welles-Brown Room, Rush Rhees Library
3:00-4:15 pm “Long and Plosser Meet Bewley and Lucas”
Feng Dong, Jiao Tong University
Yi Wen, Federal Reserve Bank of St. Louis
  Discussant:  Aubhik Khan, Ohio State University
4:30 pm Bus Transportation back to Hilton Garden Inn, 155 East Main Street
6:30 pm Bus departs hotel for dinner at the Country Club of Rochester,
2935 East Avenue
6:45 pm Cocktails, Country Club of Rochester, Living Room
7:30-9:30 pm Dinner, Country Club of Rochester, Library Room
9:30 pm Transportation back to Hilton Garden Inn


7:45  am Bus transportation to campus – refer to bus schedule
8:15-8:45 am Breakfast – Welles-Brown Room, Rush Rhees Library
  CONFERENCE SESSION III – Hawkins-Carlson Conference Room,
Rush Rhees Library
Chair: George Alessandria, University of Rochester
8:45-10:00 am “Trading Down and the Business Cycle”
Nir Jaimovich, University of Zurich
Sergio Rebelo, Northwestern University
Arlene Wong, Princeton University
  Discussant:  Vinzenzo Quadrini, USC
10:00-10:15 am Break – Welles-Brown Room, Rush Rhees Library
10:15-11:30 am “The Optimal Supply of Public and Private Liquidity”
Marina Azzimonti, Stony Brook University
Pierre Yared, Columbia University
  Discussant:  Saki Bigio, UCLA
11:30 am Box Lunches available in Welles-Brown Room, Rush Rhees Libarary
12:15 pm Transportation to airport and hotel
Transportation will also be available for earlier or later flights if needed


Papers Being Presented

Practical Policy Evaluation
Narayana R. Kocherlakota
---Download the paper


Additional Information