I am writing to alert you to the two sessions that are sponsored by the
SED at the AEA meetings. The information about content and time are as
follows. If you find them interesting, please come!


Jan. 6, 10:15 am
SED
Heterogeneous Information, Equilibrium and Welfare in Macro and Finance
Presiding: GEORGE-MARIOS ANGELETOS, Massachusetts Institute of Technology

GEORGE-MARIOS ANGELETOS, Massachusetts Institute of Technology, and
ALESSANDRO PAVAN, Northwestern University
Social Value of Information and Coordination

STEPHEN MORRIS, Yale University, and HYUN SONG SHIN, London School of
Economics
Optimal Communication

JUAN CARLOS HATCHONDO, University of Rochester, PER KRUSELL, Princeton
University, and MARTIN SCHNEIDER, New York University
A Quantitative Model of Competitive Asset Pricing under Asymmetric Information

ITAY GOLDSTEIN, University of Pennsylvania, and ALEXANDER GUEMBEL, Oxford
University
Manipulation and the Allocational Role of Prices



Jan. 7, 8:00 am
SED
Are Structural Vector Autoregressions Useful?
Presiding: LAWRENCE J. CHRISTIANO, Northwestern University

CHRISTOPHER ERCEG, LUCA GUERRIERI, and CHRISTOPHER GUST, Federal Reserve
Board
Can Long-Run Restrictions Identify Technology Shocks?

LAWRENCE J. CHRISTIANO, MARTIN EICHENBAUM, Northwestern University, and
ROBERT VIGFUSSON, Federal Reserve Board
Assessing Structural VARs

V.V. CHARI, University of Minnesota, PATRICK KEHOE, Federal Reserve Bank of
Minneapolis and University of Minnesota, and ELLEN MCGRATTAN, Federal
Reserve Bank of Minneapolis
A Critique of Structural VARs Using Business Cycle Theory

JESUS FERNANDEZ-VILLAVERDE, University of Pennsylvania, JUAN F.
RUBIO-RAMIREZ, Federal Reserve Bank of Atlanta, and THOMAS SARGENT, New
York University
A,B,C's (and D's) for Understanding VARs