Monetary Economics.

Members of the NBER's Monetary Economics Program met November 1 in San Francisco. Faculty Research Fellows Adrien Auclert of Stanford University and Marco Di Maggio of Harvard University, and Program Directors Emi Nakamura and Jon Steinsson of the University of California, Berkeley organized the meeting. These researchers' papers were presented and discussed:

* Andres Blanco, University of Michigan, and Isaac Baley, Universitat Pompeu Fabra, "Aggregate Dynamics in Lumpy Economies"

* Saki Bigio, University of California, Los Angeles and NBER, and Yuliy Sannikov, Stanford University, "A Model of Intermediation, Money, Interest, and Prices"

* Anthony A. DeFusco and John A. Mondragon, Northwestern University, "No Job, No Money, No Refi: Frictions to Refinancing in a Recession"

* Greg Buchak, Stanford University; Gregor Matvos, Northwestern University and NBER; Tomasz...