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Conference
Economist engaged at a CORE Week conference (branded image)
Conference
Mon., Dec. 12, 2022 - Fri., Dec. 16, 2022

CORE Week, featuring the Secular Trends in Macroeconomics and Firm Dynamics Conference

The Collaboration of Research Economists (CORE) model combines frontier research and an innovative delivery method to advance collaboration within the economics profession.

The CORE model consists of eight CORE Weeks per year. During each week, visiting economists from a range of disciplines will join with Richmond Fed economists for seminars, conferences, and formal and informal networking and collaboration — all with an eye toward advancing economic research.

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December CORE Week included 13 visiting economists, and featured the Secular Trends in Macroeconomics and Firm Dynamics Conference.  During the Conference, researchers explored the topics of population growth and firm behavior, U.S. business dynamism, artificial intelligence, and pricing strategies.  Some of the questions addressed during the Conference included:  How does declining population growth affect firm dynamics? Is income growth volatility decreasing in the U.S.? How do changes in housing prices affect young businesses? Have investments in artificial intelligence improved productivity? Read more about the Conference in the Economic Brief included below. 

Learn More


  • Sergio Salgado presenting

    1 of 8 Sergio Salgado presenting the paper “The Great Micro Moderation”.

  • Tania Babina presenting the paper

    2 of 8 Tania Babina presenting the paper "Artificial Intelligence, Firm Growth, and Product Innovation".

  • Michael Peters presenting

    3 of 8 Michael Peters presenting the paper “Population Growth and Firm-Product Dynamics”.

  • Ludwig Straub presenting

    4 of 8 Ludwig Straub presenting the paper “Consumption, Savings, and the Distribution of Permanent Income”.

  • Economists’ collaborating between seminars.

    5 of 8 Economists’ collaborating between seminars.

  • Danial Lashkari presenting

    6 of 8 Danial Lashkari presenting the paper “Measuring Growth in Consumer Welfare With Income-Dependent Preferences”.

  • Alessandra Peter presenting

    7 of 8 Alessandra Peter presenting the paper “Nonlinear Pricing and Misallocation”.

  • Economists ready to engage in the Secular Trends in Macroeconomics and Firm Dynamics Conference.

    8 of 8 Economists ready to engage in the Secular Trends in Macroeconomics and Firm Dynamics Conference.

Presenters and Visiting Economists

headshot of Tania Babina

Tania Babina

Columbia Business School
Headshot of Andres Blanco

Andres Blanco

University of Michigan
headshot of John Haltiwanger

John Haltiwanger

University of Maryland
Cosmin Ilut

Cosmin Ilut

Duke University
headshot of Boyan Jovanovic

Boyan Jovanovic

New York University
headshot of Nobuhiro Kiyotaki

Nobuhiro Kiyotaki

Princeton University
headshot of Danial Lashkari

Danial Lashkari

Boston College
Pablo Ottonello headshot

Pablo Ottonello

University of Maryland
headshot of Alessandra Peter

Alessandra Peter

New York University
headshot of Michael Peters

Michael Peters

Yale University
headshot of Sergio Salgado

Sergio Salgado

Wharton School
headshot of Ludwig Straub

Ludwig Straub

Harvard University
headshot of Mark Watson

Mark W. Watson

Princeton University
headshot of Chen Yeh

Chen Yeh

Federal Reserve Bank of Richmond

Agenda

  • Monday, Dec. 12, 2022
    03:30 pm

    Visitor Seminar: Boyan Jovanovic (NYU) presenting the paper “A Model of Polarization”

    05:30 pm

    Collaboration Hour

  • Tuesday, Dec. 13, 2022
    11:00 am

    Visitor Seminar: Mark Watson (Princeton University) presenting the paper “Spatial Unit Roots", joint with Ulrich Mueller

    04:15 pm

    Visitor Seminar: Pablo Ottonello (University of Michigan) presenting the paper "Firm Heterogeneity and Global Risk Premium", joint with Caitlin Hegarty, Matias Moretti, and Diego Perez

  • Wednesday, Dec. 14, 2022
    10:00 am

    Economist & Visitor Collaboration Morning

    04:15 pm

    Visitor Seminar: Andres Blanco (University of Michigan) presenting the paper "A Theory of Non-Coasean Labor Markets", joint with Andres Drenik, Christian Moser, and Emilio Zaratiegui

    05:45 pm

    Collaboration Hour

  • Thursday, Dec. 15, 2022
    10:30 am

    Secular Trends in Macroeconomics and Firm Dynamics Conference

    Registrations and Refreshments

    11:00 am

     Introductory Remarks

    11:15 am

    Michael Peters (Yale University) presenting the paper “Population Growth and Firm-Product Dynamics,” joint with Conor Walsh

    12:00 pm

    Chen Yeh (Federal Reserve Bank of Richmond) presenting the paper “The Role of Nonemployer-to-Employer Flows in U.S. Business Dynamism”

    12:45 pm

    Lunch

    02:00 pm

    Ludwig Straub (Harvard University) presenting the paper “Consumption, Savings, and the Distribution of Permanent Income”

    02:45 pm

    Break

    03:00 pm

    Sergio Salgado (Wharton School) presenting the paper “The Great Micro Moderation,” joint with Nicholas Bloom, Faith Guvenen, Luigi Pistaferri, John Sabelhaus, and Jae Song

    03:45 pm

    Break

    04:00 pm

    John Haltiwanger (University of Maryland) presenting the paper “Dynamism Diminished: The Role of Housing Markets and Credit Conditions”, joint with Steven Davis

    05:00 pm

    Reception

    06:00 pm

    Conference Dinner

  • Friday, Dec. 16, 2022
    09:30 am

    Registration & Refreshments

    10:00 am

    Tania Babina (Columbia Business School) presenting the paper "Artificial Intelligence, Firm Growth, and Product Innovation," joint with Anastassia Fedyk, Alex He, and James Hodson

    10:45 am

    Break

    11:00 am

    Alessandra Peter (NYU) presenting the paper “Nonlinear Pricing and Misallocation,” joint with Gideon Bornstein

    11:45 am

    Break

    12:00 pm

    Danial Lashkari (Boston College) presenting the paper “Measuring Growth in Consumer Welfare With Income-Dependent Preferences,” joint with Xavier Jaravel

    12:45 pm

     Closing remarks & lunch

Future CORE Weeks

2023

  • February 6 – 10
  • March 27 – 31
  • May 8 – 12
  • June 20 – 23
  • July 31 – August 4
  • September 25 – 29
  • October 30 – November 3
  • December 11 – 15

Previous CORE Weeks

2021

2022

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