{"id":337732,"date":"2018-09-13T16:31:53","date_gmt":"2018-09-13T20:31:53","guid":{"rendered":"http:\/\/www.rochester.edu\/newscenter\/?p=337732"},"modified":"2019-04-05T07:50:21","modified_gmt":"2019-04-05T11:50:21","slug":"economics-conference-to-honor-mark-bils-explore-changes-in-the-us-economy-337732","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/newscenter\/economics-conference-to-honor-mark-bils-explore-changes-in-the-us-economy-337732\/","title":{"rendered":"Economics conference to honor Mark Bils, explore changes in the US economy"},"content":{"rendered":"
\"Mark
Mark Bils. (Ä¢¹½´«Ã½ photo \/ J. Adam Fenster)<\/figcaption><\/figure>\n

Economists from four continents will gather at the URochester this Saturday to discuss recent changes in the US economy\u2014and to honor Mark Bils<\/a>, the Hazel Fyfe Professor in Economics.<\/p>\n

\u201cMark 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,\u201d says George Alessandria, chair of the of the Department of Economics.<\/a> \u201cHe is a Rochester institution.\u201d<\/p>\n

Bils is a macroeconomist whose work has focused on understanding business cycles and the decline of labor demand during recessions. In his most recent paper,<\/a> published in the American Economic Review<\/em>, 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.<\/p>\n

\u201cIt’s not because wages fail to decline,\u201d says Bils. \u201cThe drop in hours for wage and salaried workers is comparable to the drop in hours for the self-employed.\u00a0 And there is no wage bargaining, or \u201cwage stickiness,\u201d for the self-employed.\u201d<\/p>\n

Along with celebrating the work of Bils, the weekend conference, titled \u201cDynamics of the US Economy: Challenges Ahead,\u201d will feature presentations on such topics as e-commerce, trends in the US labor market, and mortgage pricing.<\/p>\n

\u201cThe conference is broadly focused on understanding some of the changes that have occurred in the US economy,\u201d says Alessandria. \u201cThere 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.\u201d<\/p>\n

The conference will be held from 9 am to 5 pm in the Feldman Ballroom of Frederick Douglass Commons.<\/p>\n","protected":false},"excerpt":{"rendered":"

At a weekend conference \u201cDynamics of the US Economy: Challenges Ahead,\u201d economists from four continents will gather at the University to honor the 30-year career of Mark Bils, the Hazel Fyfe Professor in Economics.<\/p>\n","protected":false},"author":16,"featured_media":291302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[486,23322,14,16072],"class_list":["post-337732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-university-news","tag-awards","tag-department-of-economics","tag-events","tag-school-of-arts-and-sciences"],"acf":[],"yoast_head":"\nEconomics conference to honor Mark Bils, explore changes in the US economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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