The macroeconomic consequences of risk and uncertainty.

• Position: Conferences - Conference news

The NBER held its annual Universities Research Conference in Cambridge on September 19 and 20,2014. Research Associates Nicholas Bloom of Stanford University and Xavier Gabaix of New York University organized the meeting on the topic "The Macroeconomic Consequences of Risk and Uncertainty." These papers were discussed:

* Pedro Bordalo, University of London; Nicola Geimaioli, Bocconi University; and Andrei Shleifer, Harvard University and NBER, "Stereotypes" (NBER Working Paper No. 20106)

* Anna Orlik, Federal Reserve Board, and Laura Veldkamp, New York University and NBER, "Understanding Uncertainty Shocks and the Role of Black Swans"

* Gill Segal and Ivan Shaliastovich, University of Pennsylvania, and Amir Yaron, University of Pennsylvania and NBER, "Good and Bad Uncertainty: Macroeconomic and Financial Market Implications"

* George Alessandria, Federal Reserve Bank of Philadelphia; Horag Choi, Monash University; Joseph Kaboski, University of Notre Dame and NBER; and Virgiliu Midrigan, New York University and NBER, "Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations"

* Marina Azzimonti, Federal Reserve Bank of Philadelphia, "Partisan Conflict"

* John Campbell and Luis Viceira, Harvard University and NBER, and Carolin Pflueger, University of British Columbia, "Monetary Policy Drivers of Bond and Equity Risks" (NBER Working Paper No. 20070)

* Jesus Femandez-Villaverde, University of Pennsylvania and NBER; Pablo Guerron-Quintana, Federal Reserve Bank of Philadelphia; Keith Kuester, University of Bonn; and Juan...