35th Annual Conference on Macroeconomics
Agricultural Markets and Trade Policy
Energy Use in Transportation
International Seminar on Macroeconomics

The NBER's 35th Annual Conference on Macroeconomics took place online April 2–3. Research Associates Martin S. Eichenbaum of Northwestern University and Erik Hurst of the University of Chicago organized the meeting. Research Associate Jeremy C. Stein of Harvard University delivered a keynote address. These researchers' papers were presented and discussed:

George-Marios Angeletos, MIT and NBER; Zhen Huo, Yale University; and Karthik Sastry, MIT, "Imperfect Expectations: Theory and Evidence"

Esteban Rossi-Hansberg, Princeton University and NBER, and Pierre-Daniel Sarte and Nicholas Trachter, Federal Reserve Bank of Richmond, "Diverging Trends in National and Local Concentration" (NBER Working Paper 25066)

Per Krusell, Stockholm University and NBER; Joachim Hubmer, University of Pennsylvania; and Anthony A. Smith Jr., Yale University and NBER, "Sources of US Wealth Inequality: Past, Present, and Future"

Fatih Guvenen, University of Minnesota and NBER; Greg Kaplan, University of Chicago and NBER; and Jae Song, Social Security Administration, "The Glass Ceiling and the Paper Floor: Gender Differences among Top Earners, 1981–2012"

Adam Guren, Boston University and NBER; Alisdair McKay, Federal Reserve Bank of Minneapolis; and Emi Nakamura and Jón Steinsson, University of California, Berkeley and NBER, "What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?" (NBER Working Paper 26881)

Peter J. Klenow, Stanford University and NBER, and Huiyu Li, Federal Reserve Bank of San Francisco, "Innovative Growth Accounting"

Summaries of these papers are at www.nber.org/conferences/2020/Macro20/summary.html

An NBER conference on Agricultural Markets and Trade Policy took place online April 30–May 1. Research Associate Dave Donaldson of MIT organized the meeting, which was sponsored by the Economic Research Service of the US Department of Agriculture. These researchers' papers were presented and discussed:

Rocco Macchiavello, London School of Economics, and Pepita Miquel-Florensa, Toulouse School of Economics, "Buyer-Driven Upgrading in GVCs: The Sustainable Quality Program in Colombia"

Jisang Yu, Nelson B. Villoria, and Nathan P. Hendricks, Kansas State University, "The Incidence of Foreign Market Accessibility on Farmland Rental Rates"

Gopinath Munisamy, University of Georgia; Feras A. Batarseh, George Mason University; and Jayson Beckman, US Department of Agriculture, "Machine Learning in Gravity Models: An Application to Agricultural Trade"

Thomas Hertel and Uris Baldos, Purdue University, and Keith Fuglie, US Department of Agriculture, "Trade in Technology: A Potential Solution to the Food Security Challenges of the 21st Century"

Robert C. Feenstra, University of California, Davis and NBER, and Chang Hong, University of California, Davis, "China's Import Demand for Agricultural Products: The Impact of the Phase One Trade Agreement"

Kjersti Nes, Joint Research Centre, European Commission, and K. Aleks Schaefer, Michigan State University, "Retaliatory Use of Public Standards in Trade"

Christophe Gouel, INRAE, "The Impact of Global Warming on Agriculture: A Critique of the Ricardian Approach from a General Equilibrium Perspective"

Martin Fiszbein, Boston University and NBER, and Will Johnson, Dartmouth College, "Agricultural Productivity, International Trade, and Structural Change"

Colin A. Carter, University of California, Davis, and Sandro Steinbach, University of Connecticut, "The Impact of Retaliatory Tariffs on Agricultural and Food Trade"

Ishan B. Nath, University of Chicago, "The Food Problem and the Aggregate Productivity Consequences of Climate Change"

Heitor S. Pellegrina, New York University Abu Dhabi, and Sebastian Sotelo, University of Michigan, "Migration, Specialization and Trade: Evidence from the Brazilian March to the West"

David Laborde, Abdullah Mamun, Will Martin, Valeria Piñeiro, and Rob Vos, International Food Policy Research Institute, "Modeling the Impacts of Agricultural Support Policies on Emissions from Agriculture"

Farid Farrokhi, Purdue University, and Heitor S. Pellegrina, New York University Abu Dhabi, "Global Trade and Margins of Productivity in Agriculture"

Summaries of these papers are at www.nber.org/conferences/2020/AMs20/summary.html

An NBER conference on Energy Use in Transportation took place online June 11–12. Research Associates Meghan R. Busse of Northwestern University and Christopher R. Knittel of MIT, and Kate S. Whitefoot of Carnegie Mellon University organized the meeting, which was sponsored by the Alfred P. Sloan Foundation. These researchers' papers were presented and discussed:

Arik Levinson, Georgetown University and NBER, and Lutz Sager, Georgetown University, "Do Car Buyers Undervalue Future Fuel Savings? Post-Purchase Evidence"

Fiona Burlig, University of Chicago and NBER; James B. Bushnell, University of California, Davis and NBER; David S. Rapson, University of California, Davis; and Catherine Wolfram, University of California, Berkeley and NBER, "Cars of the Future, Today? Estimating the Contribution of Electric Vehicles to California's Residential Electricity Demand"

James B. Bushnell and Erich Muehlegger, University of California, Davis and NBER, and David S. Rapson, University of California, Davis, "Energy Prices and Electric Vehicle Adoption"

Connor R. Forsythe, Akshaya Jha, Jeremy J. Michalek, Carnegie Mellon University, and Kate S. Whitefoot, "Externalities of Policy-Induced Scrappage: The Case of Automotive Regulations"

Matthew B. Bruchon and Jeremy J. Michalek, Carnegie Mellon University, and Inês Azevedo, Stanford University, "Effects of Internalizing Air Emissions Externalities on Optimal Ride-Hailing Fleet Technology Composition and Operations"

Rhiannon Leigh Jerch, Temple University; Panle Jia Barwick and Shanjun Li, Cornell University and NBER; and Jing Wu, Tsinghua University, "Road Rationing Policies and Housing Markets"

Summaries of these papers are at www.nber.org/conferences/2020/EUTs20/summary.html

The NBER International Seminar on Macroeconomics took place online June 18–19. Research Associates Jeffrey A. Frankel of Harvard University and Hélène Rey of the London Business School organized the meeting. These researchers' papers were presented and discussed:

Stefanie Stantcheva, Harvard University and NBER; Yazan Al-Karablieh, Harvard Kennedy School; and Evangelos Koumanakos, University of Ioannina, "Improving Tax Compliance: Setting Target Taxable Margins for Greek Firms"

Fernanda Nechio, Central Bank of Brazil; Bart Hobijn, Arizona State University; and Adam Shapiro, Federal Reserve Bank of San Francisco, "Using Brexit to Identify the Nature of Price Rigidities"

Tomas Williams, George Washington University; Fernando Broner and Alberto Martin, CREI; and Lorenzo Pandolfi, CSEF, "Winners and Losers from Sovereign Debt Inflows"

Refet S. Gürkaynak, A. Hakan Kara, Burçin Kısacıkoğlu, and Sang Seok Lee, Bilkent University, "Monetary Policy Surprises and Exchange Rate Abnormalities"

Ethan Ilzetzki and Keyu Jin, London School of Economics, "The Puzzling Change in the International Transmission of US Macroeconomic Policy Shocks"

Kalina Manova, University College London; Davin Chor, Dartmouth College and NBER; and Zhihong Yu, Nottingham University, "Growing Like China: Firm Performance and Global Production Line Position"

Maurice Obstfeld, University of California, Berkeley and NBER; Eugenio M. Cerutti, International Monetary Fund; and Haonan Zhou, Princeton University, "Covered Interest Parity Deviations: Macrofinancial Determinants"

Stephanie Schmitt-Grohé and Martín Uribe, Columbia University and NBER, "Reviving the Salter-Swan Small Open Economy Model"

Summaries of these papers are at www.nber.org/conferences/2020/ISOM20/summary.html