SI 2025 Macroeconomics and Productivity
Organized by Susanto Basu, Nicholas Bloom, Raffaella Sadun, and Chad Syverson
July 15, 2025
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA
Format: 20 minutes for the presenters, 10 minutes for the discussants and 10 minutes for general Q&A
Tuesday, July 15
8:30 am
Coffee and Pastries

Morning Session Joint with Conference on Macroeconomics and Productivity
9:00 am

Carbon Taxes and Misallocation in Chile

Peter J. Klenow, Stanford University and NBER
Ernesto Pastén, Central Bank of Chile
Cian Ruane, Central Bank of Ireland

Discussant:
Maarten De Ridder, London School of Economics and Political Science (LSE)
9:40 am

Disasters, Capital, and Productivity

Tarikua Erda, New York University

Discussant:
Seula Kim, Pennsylvania State University
10:20 am
Break
10:40 am

What Does Consulting Do?

Gert Bijnens, National Bank of Belgium
Simon Jäger, Princeton University and NBER
Benjamin Schoefer, University of California, Berkeley and NBER

Discussant:
Miriam Bruhn, The World Bank
11:20 am

Investing in Customer Capital (slides)

Bianca He, University of Chicago
Lauren I. Mostrom, University of Chicago
Amir Sufi, University of Chicago and NBER

Discussant:
Stephen J. Terry, University of Michigan and NBER
12:00 pm
Lunch - Riverfront
Continues in Charles A
1:00 pm

Defensive Hiring and Creative Destruction

Jesús Fernández-Villaverde, University of Pennsylvania and NBER
Yang Yu, Shanghai Jiao Tong University
Francesco Zanetti, University of Oxford

Discussant:
Timothy Simcoe, Boston University and NBER
1:40 pm

Borrowing Constraints, Markups, and Misallocation

Huiyu Li, Federal Reserve Bank of San Francisco
Chen Lian, University of California, Berkeley and NBER
Yueran Ma, University of Chicago and NBER
Emily Martell, University of California, Berkeley

Discussant:
Sergio Salgado, University of Pennsylvania
2:20 pm
Break
2:40 pm

Family Matters: Globalization, Management, and Firm Productivity

Ananya Kotia, London School of Economics and Political Science (LSE)

Discussant:
Daniela Scur, Cornell University
3:20 pm

Self-Selection and the Diminishing Returns of Research (slides)

Lorenz KF. Ekerdt, SUNY Stony Brook
Kai-Jie Wu, Pennsylvania State University

Discussant:
Kyle R. Myers, Harvard University and NBER
4:00 pm
Adjourn