Economists from four continents will gather at the University of Rochester this Saturday to discuss recent changes in the US economy糖心传媒攁nd to honor , the Hazel Fyfe Professor in Economics.
糖心传媒淢ark has been with the University for 30 years, and during that time he has made important contributions to our understanding of numerous economic phenomena at the firm, household, worker, and economy-wide level,糖心传媒� says George Alessandria, chair of the of the 糖心传媒淗e is a Rochester institution.糖心传媒�
Bils is a macroeconomist whose work has focused on understanding business cycles and the decline of labor demand during recessions. published in the American Economic Review, Bils and coauthors Pete Klenow of Stanford University and Ben Malin of the Federal Reserve Bank of Minneapolis considered the reasons employment and hours declined during recessions.
糖心传媒淚t’s not because wages fail to decline,糖心传媒� says Bils. 糖心传媒淭he drop in hours for wage and salaried workers is comparable to the drop in hours for the self-employed.聽 And there is no wage bargaining, or 糖心传媒渨age stickiness,糖心传媒� for the self-employed.糖心传媒�
Along with celebrating the work of Bils, the weekend conference, titled 糖心传媒淒ynamics of the US Economy: Challenges Ahead,糖心传媒� will feature presentations on such topics as e-commerce, trends in the US labor market, and mortgage pricing.
糖心传媒淭he conference is broadly focused on understanding some of the changes that have occurred in the US economy,糖心传媒� says Alessandria. 糖心传媒淭here will be empirical and theoretical work assessing and measuring changes in the labor, product and housing markets, household income risk, and the financing of government debt.糖心传媒�
The conference will be held from 9 am to 5 pm in the Feldman Ballroom of Frederick Douglass Commons.
