Program and Working Group Meetings.

Monetary Economics

Members of the NBER's Monetary Economics Program met March 5 online. Research Associate Joshua K. Hausman of the University of Michigan, Faculty Research Fellow Arlene Wong of Princeton University, and Program Directors Emi Nakamura and Jon Steinsson, both of the University of California, Berkeley, organized the meeting. These researchers' papers were presented and discussed:

* Carola Binder, Haverford College, and Gillian Brunet, Wesleyan University, "Inflation Expectations and Consumption: Evidence from 1951"

* Marcus Biermann, Universite Catholique de Louvain, and Kilian Huber, University of Chicago, "Tracing the International Transmission of a Crisis through Multinational Firms"

* Jennifer La'O, Columbia University and NBER, and Alireza Tahbaz-Salehi, Northwestern University, "Optimal Monetary Policy in Production Networks" (NBER Working Paper 27464)

* Ricardo Reis, London School of Economics, "The People versus the Markets: A Parsimonious Model of Inflation Expectations"

* Martin Beraja, MIT and NBER, and Christian Wolf, University of Chicago, "Demand Composition and the Strength of Recoveries"

Summaries of these papers are at www.nber.org/conferences/monetary-economics-program-meeting-spring-2021

Aging

Members of the NBER's Program on Aging met March 5 online. Research Associate Kathleen M. McGarry of the University of California, Los Angeles and Program Director Jonathan S. Skinner of Dartmouth College organized the meeting. These researchers' papers were presented and discussed:

* Tal Gross, Boston University and NBER; Timothy Layton, Harvard University and NBER; and Daniel Prinz, Harvard University, "The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments" (NBER Working Paper 27977)

* Jevay Grooms, Howard University, and Alberto Ortega, Indiana University, "Substance Use Disorders among Older Populations: What Role Does Race and Ethnicity Play in Treatment and Completion?"

* Ran D. Balicer, Ben Gurion University of the Negev; Liran Einav, Stanford University and NBER; Joseph Rashba, Clalit Research Institute; and Dan Zeltzer, Tel Aviv University, "The Impact of Increased Access to Telemedicine"

* Mingli Zhong, NBER, "Optimal Default Retirement Saving Policies: Theory and Evidence from OregonSaves"

* Mika Akesaka, Institute of Social and Economic Research, Osaka University; Peter Eibich, Max Planck Institute for Demographic Research; Chie Hanaoka, Toyo University; and Hitoshi Shigeoka, Simon Fraser University and NBER, "Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles"

* Lucas Goodman, US Treasury Department; Anita Mukherjee, University of Wisconsin-Madison; and Shanthi Ramnath, Federal Reserve Bank of Chicago, "Abandoned Retirement Savings"

Summaries of some of these papers are at www.nber.org/conferences/aging-program-meeting-spring-2021

Children

Members of the NBER's Program on Children met March 11-12 online. Program Directors Anna Aizer of Brown University and Janet Currie of Princeton University organized the meeting. These researchers' papers were presented and discussed:

* Nishith Prakash and Nathan Fiala, University of Connecticut; Kritika Narula, Yale University; and Ana Garcia-Hernandez, University of Rosario and Innovations for Poverty Action, "Wheels of Change: Transforming Girl's Lives with Bicycles"

* Patrick Agte, Princeton University; Arielle Bernhardt, Harvard University; Erica M. Field, Duke University and NBER; Rohini Pande, Yale University and NBER; and Natalia Rigol, Harvard University and NBER, "Investing in the Next Generation: The Long-Run Educational Impacts of a Liquidity Shock"

* Lisa Gennetian, Duke University; Katherine Magnuson, University of Wisconsin-Madison; Kimberly Noble, Columbia University; Greg Duncan, University of California, Irvine; Nathan Fox, University of Maryland; Sarah Halpern-Meekin, University of Wisconsin-Madison; and Hirokazu Yoshikawa, New York University, "Impacts on Economic Weil-Being of an Unconditional Cash Transfer during a Child's First Year: Findings from the Baby's First Years Study"

* Roland G. Fryer Jr, Harvard University; Steven D. Levitt, University of Chicago and NBER; John A. List, University of Chicago and NBER; and Anya Samek, University of California, San Diego and NBER, "Reducing the Academic Achievement Gap through a Summer Pre-Kindergarten Program"

* Petra Persson and Maya Rossin-Slater, Stanford University and NBER, and Xinyao Qiu, Stanford University, "Family Spillover Effects of Marginal Diagnoses: The Case of ADHD" (NBER Working Paper 28334)

* Belinda Archibong, Columbia University, and Francis Annan, Georgia State University, " 'We Are Not Guinea Pigs': The Effects of Negative News on Vaccine Compliance"

* Deborah A. Cobb-Clark and Tiffany Ho, University of Sydney, and Nicolas Salamanca, University of Melbourne, "Parental Responses to Children's Achievement Test Results"

* Claire Duquennois, University of Pittsburgh, "Fictional Money, Real Costs: Impacts of Financial Salience on Disadvantaged Students"

Summaries of these papers are at www.nber.org/conferences/children-program-meeting-spring-2021

International Finance and Macroeconomics

Members of the NBER's International Finance and Macroeconomics Program met March 19 online. Cristina Arellano of the Federal Reserve Bank of Minneapolis and Research Associate Oleg Itskhoki of the University of California, Los Angeles and NBER organized the meeting. These researchers' papers were presented and discussed:

* Zhengyang Jiang, Northwestern University; Hanno Lustig, Stanford University and NBER; Stijn Van Nieuwerburgh, Columbia University and NBER; and Mindy Z. Xiaolan, University of Texas at Austin, "Manufacturing Risk-Free Government Debt" (NBER Working Paper 27786)

* Xing Guo, Bank of Canada; Pablo Ottonello, University of Michigan and NBER; and Diego Perez, New York University and NBER, "Monetary Policy and Redistribution in Open Economies" (NBER Working Paper 28213)

* Meredith Crowley and Minkyu Son, University of Cambridge, and Lu Han, University of Liverpool, "Dominant Currency Dynamics: Evidence on Dollar Invoicing from UK Exporters"

* Harold L. Cole and Guillermo Ordonez, University of Pennsylvania and NBER, and Daniel Neuhann, University of Texas at Austin, "Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data" (NBER Working Paper 28459)

* Javier Bianchi, Federal Reserve Bank of Minneapolis; Saki Bigio, University of California, Los Angeles and NBER; and Charles Engel, University of Wisconsin-Madison and NBER, "Scrambling for Dollars: International Liquidity, Banks and Exchange Rates"

* Joao Ayres, Inter-American Development Bank; Constantino Hevia, Universidad Torcuato di Telia; and Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis, "Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith"

Summaries of these papers are at

https://www.nber.org/conferences/international-finance-and-macroeconomics-program-meeting-spring-2021

Development of the American Economy

Members of the NBER's Development of the American Economy Program met March 19-20 online. Program Directors Leah Platt Boustan of Princeton University and William J. Collins of Vanderbilt University organized the meeting. These researchers' papers were presented and discussed:

* Carl Kitchens, Florida State University and NBER, and Luke P. Rodgers, Florida State University, "The Impact of the WWI Agricultural Boom and Bust on Female Opportunity Cost and Fertility" (NBER Working Paper 27530)

* Lisa D. Cook, Michigan State University and NBER; Maggie E.C. Jones, University of Victoria; Trevon Logan, The Ohio State University and NBER; and David Rose, Wilfrid Laurier University, "Competition and Discrimination in Public Accommodations: Evidence from the Green Books"

* Price V. Fishback, University of Arizona and NBER; Jessica LaVoice, Bowdoin College; and Allison Shertzer and Randall Walsh, University of Pittsburgh and NBER, "Race, Risk, and the Emergence of Federal Redlining" (NBER...