Economic Fluctuations and Growth.

• Position: Program and Working Group Meetings

The NBER's Program on Economic Fluctuations and Growth met in New York City on February 24. Research Associates Laura Veldkamp of New York University and Jon Steinsson of Columbia University organized the meeting. These researchers' papers were presented and discussed:

* Matthias Kehrig, Duke University, and Nicolas Vincent, HEC Montreal, "Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data"

* Daniel Garcia-Macia, International Monetary Fund; Chang-Tai Hsieh, University of Chicago and NBER; and Peter Klenow, Stanford University and NBER, "How Destructive is Innovation?" (NBER Working Paper No. 22953)

* George-Marios Angeletos, MIT and NBER, and Chen Lian, MIT, "Forward Guidance without Common Knowledge" (NBER Working Paper No. 22785)

* Barney Hartman-Glaser, University of California, Los Angeles; Hanno Lustig, Stanford University and NBER; and Mindy Zhang, University of Texas at Austin, "Capital Share Dynamics When Firms Insure Managers" (NBER Working Paper No...