Economic Fluctuations and Growth.

• Position: Program and Working Group Meetings

The NBER's Program on Economic Fluctuations and Growth, directed by Mark Gertler of New York University and Peter Klenow of Stanford University, met in San Francisco on February 27. NBER Research Associates Manuel Amador of the Federal Reserve Bank of Minneapolis and Andrea Eisfeldt of the University of California, Los Angeles, organized the meeting. These papers were discussed:

* Pablo Kurlat, Stanford University and NBER, "Asset Markets with Heterogeneous Information"

* Johannes Stroebel, New York University, and Joseph Vavra, University of Chicago and NBER, "House Prices, Local Demand, and Retail Prices" (NBER Working Paper No. 20710)

* Daniel Greenwald, New York University; Martin Lettau, University of California, Berkeley, and NBER; and Sydney Ludvigson, New York University and NBER, "Origins of Stock Market Fluctuations" (NBER Working Paper No. 19818)

* Fatih Guvenen, University of Minnesota and NBER; Fatih Karahan, Federal Reserve Bank of New York; Serdar Ozkan...