Monetary economics.

• Position: Program and Working Group Meetings

The NBER's Monetary Economics Program met in Cambridge on November 7, 2014. NBER Research Associates Atif Mian of Princeton University and Jon Steinsson of Columbia University chose these papers to discuss:

* Pierpaolo Benigno, Libera Universita Internazionale degli Studi Sociali Guido Carli; Gauti Eggertsson, Brown University and NBER; and Federica Romei, European University Institute, "Dynamic Debt Deleveraging and Optimal Monetary Policy" (NBER Working Paper No. 20556)

* Neil Mehrotra, Brown University, and Dmitriy Sergeyev, Bocconi University, "Financial Shocks and Job Flows"

* Antonio Falato and Nellie Liang, Federal Reserve Board, "Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants"

* Mark Bils, University of Rochester and NBER; Peter Klenow...