Conference on

Labor Market Frictions and Macroeconomic Dynamics

Université du Québec à Montréal (UQAM)
Montréal, Canada
Friday, Oct. 3 - Saturday, Oct. 4, 2003


Introduction

Program

Local information

Contact


Introduction

The last few years have witnessed an increased focus on the appropriate modeling of labor market frictions and their importance for explaining stylized features of macroeconomic dynamics. Much innovative theoretical work has been proposed on issues such as wage determination, search and matching, or the impact of social institutions on unemployment.

A great number of these theories have recently been incorporated into modern macroeconomic models in order to evaluate their ability to remedy important shortcomings of their predecessors that were based on the paradigm of frictionless labor markets. Many exciting advances have been achieved. One example is the ability of labor market frictions to substantially improve the internal propagation mechanisms of general equilibrium business cycle models. Another is the advent of more convincing explanations for the persistent difference in unemployment rates between the U.S. and a variety of European economies.

The objective of this conference is to bring together different strands of research on the topic. The conference wants to provide the invited researchers with a platform to share their insights, to assess the empirical potential of different modeling approaches, and to stimulate the exchange of ideas for future research.

The conference will consist of a series of paper presentations, followed by comments from a discussant, and questions from the floor.

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Program (available in PDF version)

FRIDAY OCTOBER 3, 2003

14H00
MICHAEL PRIES (University of Maryland and NBER)
Search Frictions and Labor Market Participation
Coauthor: Richard Rogerson
Discussant: SAMUEL DANTHINE (UQAM and CIRPÉE)


15H00 PAUSE

15H15
THOMAS LUBIK (Johns Hopkins University)
Real Wage Dynamics in a Monetary Business Cycle Model with Search Frictions
Coauthor: Michael U. Krause
Discussant: MICHELE ALEXOPOULOS (University of Toronto)


16H15 PAUSE


16H30
ROBERT SHIMER (University of Chicago and NBER)
The Cyclical Behavior of Labor Markets
Discussant: PAUL BEAUDRY (University of British Columbia)

 

17H30 END OF THE FIRST DAY OF CONFERENCE

19H00 DINER IN OLD-MONTRÉAL

 

SATURDAY OCTOBER 4, 2003

9H45 COFFEE

10H15
PETER RUPERT (University of Western Ontario)
How Amenities Affect Job and Wage Choices over the Life Cycle
Discussant: JENNIFER HUNT (Université de Montréal)

11H15 PAUSE

11H30
ÉTIENNE WASMER (ECARES, UQAM and CEPR)
Equilibrium Employment in a Model of Imperfect Labour Market
Discussant: STEPHEN GORDON (Université Laval and CIRPÉE)

12H30 LUNCH AT AUBERGE DES GOUVERNEURS

14H00
YONGSUNG CHANG (University of Pennsylvania and Federal Reserve Bank of Richmond)
From Individual to Aggregate Labor Supply : A Quantitative Analysis based on a Heterogeneous Agent Macroeconomy
Coauthor: Sun-Bin Kim
Discussant: STEVE AMBLER (UQAM and CIRPÉE)

15H00 PAUSE


15H15
GIUSEPPE MOSCARINI (Yale University)
Aggregate Worker Reallocation and Occupational Mobility in the United States : 1976-2000
Discussant: GUEORGUI KAMBOUROV (University of Toronto)

16H15 PAUSE


16H30
JOHN DRISCOLL (Federal Reserve Board)
Coordination, Fair Treatment and Inflation Persistence
Coauthor: Steiner Holden
Discussant: ALLEN HEAD (Queen's University)


17H30 END OF CONFERENCES

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Local information

.

The Conference will be held on Friday, October 3, 2003 from 2 pm to 5:30 pm and on Saturday, October 4th, 2003 from 10:15 am to 5:30 pm. at l'Université du Québec à Montréal, UQAM (map of the university), in the room Les Boiseries (J-2805) of the Pavillon Judith-Jasmin (J) at the 405, Sainte-Catherine East street (corner of St-Denis street).

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Contact

For more details on the conference, please contact our secretary Josée Parenteau (parenteau.josee@uqam.ca), or the organizers Louis Phaneuf (phaneuf.louis@uqam.ca) and André Kurmann (kurmann.andre@uqam.ca).

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