JAE ANNUAL LECTURES
and
CONFERENCE ON DISTRIBUTIONAL DYNAMICS
6-7 June 2008, CEMFI, Madrid

The 2008 Journal of Applied Econometrics Annual Lectures will be given by

Richard Blundell

Professor of Economics, University College London

“The Dynamics of Income, Earnings and Consumption”

CEMFI, Madrid

6-7 June, 2008

The JAE Lecture Series was launched in 1997 in a move to help promote applied econometrics. Each year, two lectures are delivered on consecutive days by an eminent speaker. Previous JAE Lecturers have been James Heckman, Peter Phillips, Daniel McFadden, Guy Laroque, Robert Engle, Ariel Pakes, Charles Manski, David Hendry, John Geweke, Robert Porter, and Mark Watson.

The 2008 JAE Lectures will be held alongside a Conference on distributional dynamics, with the aim of bringing together micro, macro, and finance empirical perspectives. A programme of the conference follows.

Programme

Friday, 6 June
09:00 – 12:30	22nd Annual Meeting of the JAE Editorial Committee
13:00 – 14:00	Lunch
First afternoon session Chair: Hashem Pesaran
14:00 – 15:30	JAE Lecture I by Richard Blundell “Exploring the Dynamics of Income, Earnings and Consumption”
15:30 – 16:00	Coffee Break
Second afternoon session Chair: Herman van Dijk
16:00 – 17:30	Fatih Guvenen (University of Minnesota) “Inferring Labor Income Risk from Economic Choices: An Indirect Inference Approach” (joint with Tony Smith, Yale University) Discussant: Stéphane Bonhomme (CEMFI)
17:30 – 18:00	Pause
18.00 – 19:30	Hashem Pesaran (University of Cambridge) “Large Panels with Common Factors and Spatial Correlations” (joint with Elisa Tosetti, University of Cambridge) Discussant: Badi Baltagi (Syracuse University)
21:00	JAE Annual Dinner

Saturday, 7 June
Morning session Chair: Ed Vytlacil
09:30 – 11.00	Enrique Sentana (CEMFI) “Multivariate location-scale mixtures of normals and mean-variance-skewness portfolio allocation” (joint with Javier Mencía, Banco de España) Discussant: Christian Bontemps (Toulouse School of Economics)
11:00 – 11:30	Coffee Break
11:30 – 13:00	Herman van Dijk (Erasmus University Rotterdam) “Distributional Dynamics using Quartic-based State-Space models applied to Evolvement of Income Processes” (joint with Mohamad Khaled, Université Paris 1) Discussant: Melvyn Weeks (University of Cambridge)
13:00 – 14:00	Lunch
First afternoon session Chair: Manuel Arellano
14:00 – 15:30	JAE Lecture II by Richard Blundell “Partial Insurance and the Distributional Dynamics of Income and Consumption”
15:30 – 16:00	Coffee Break
Second afternoon session Chair: Badi Baltagi
16:00 – 17:30	Jean-Marc Robin (Paris School of Economics Université Paris 1 and UCL) “International Comparison of Lifetime Labor Income” (joint with Audra Bowlus, Western Ontario) Discussant: Claudio Michelacci (CEMFI)
17:30 – 18:00	Pause
18.00 – 19:30	Bryan Graham (University of California – Berkeley) “Estimation and identification of ‘irregular’ correlated random coefficient panel data models” (joint with Jim Powell, University of California – Berkeley) Discussant: Ed Vytlacil (Yale University)
21.00	Dinner (by invitation)

Conference venue: CEMFI, Casado del Alisal 5, 28014 Madrid, Spain
Phone: +34 914 290 551, Fax: +34 914 291 056
Area map

Administrator: Eva González, evagonzalez@cemfi.es

Local organizer: Manuel Arellano, arellano@cemfi.es

Places at this conference are strictly limited due to space constraints. Please email evagonzalez@cemfi.es if you would like to reserve a place. The conference is free of charge.