Economic fluctuations and growth.

• Position: Program and Working Group Meetings

The NBER's Program on Economic Fluctuations and Growth met in Cambridge on July 11. Research associates Giovanni Violante of New York University and Ivan Werning of MIT organized the meeting. These papers were discussed:

* Charles I. Jones, Stanford University and NBER, and Jihee Kim, Korea Advanced Institute of Science and Technology, "A Schumpeterian Model of Top Income Inequality" (NBER Working Paper No. 20637)

* Gita Gopinath, Harvard University and NBER; Sebnem Kalemli-Ozcan, University of Maryland and NBER; Loukas Karabarbounis, University of Chicago and NBER; and Carolina Villegas-Sanchez, Universitat Ramon Llull, "Capital Allocation and Productivity in South Europe" (NBER Working Paper No. 21453)

* Gary B. Gorton, Yale University and NBER, and Guillermo Ordonez, University of Pennsylvania and NBER, "Good Booms, Bad Booms"

* Xavier Giroud, MIT and NBER, and...