Economic Fluctuations and Growth.

• Position: Program and Working Group Meetings

The NBER's Program on Economic Fluctuations and Growth met in Cambridge on July 16. Research Associates Fernando Alvarez of the University of Chicago and Emi Nakamura of Columbia University organized the meeting. These researchers' papers were presented and discussed:

* Anmol Bhandari, University of Minnesota; David Evans, University of Oregon; Mikhail Golosov, Princeton University and NBER; and Thomas Sargent, New York University and NBER, "Fiscal Policy and Debt Management with Incomplete Markets"

* Gabriel Chodorow-Reich, Harvard University and NBER, and Loukas Karabarbounis, Federal Reserve Bank of Minneapolis and NBER, "The Limited Macroeconomic Effects of Unemployment Benefit Extensions" (NBER Working Paper No. 22163)

* Lorenz Kueng, Northwestern University and NBER, "Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments" (NBER Working Paper No. 21772)

* Greg Kaplan, University of...