Banner image for Firm Dynamics and the Macroeconomy - November 13-14, 2025

Location:
Federal Reserve Bank of Atlanta
1000 Peachtree Street NE
Atlanta, Georgia 30309

Organized by Salome Baslandze, Veronika Penciakova, and Jon Willis of the Federal Reserve Bank of Atlanta. If you are interested in attending, please contact Kanda Cummings at kanda.cummings@atl.frb.org.

Agenda

Thursday, November 13
11:30 a.m. Lunch
12:30 p.m. Welcome
12:45 Session 1: Capital and Labor Allocation Frictions
Anchor talk
"Technology, Risk and Misallocation"
Yongseok Shin, Washington University in St. Louis
1:45 Break
2:15 "The Labor Market Consequences of a Rapid Climate Transition"
Nathan Zorzi, Dartmouth College, with John Grigsby
Discussant: Federico Huneeus, Duke University
3:15 "The Extensive and Intensive Margin of Labor Demand from the Bottom Up"
Jon Willis, Federal Reserve Bank of Atlanta, with Nela Richardson, Ye Liv Wang, and David Wiczer
Discussant: John R. Grigsby, Princeton University
4:15 Break
4:30 "Capital Reallocation and Private Firm Dynamics"
Paolo Martellini, New York University, with Anmol Bhandari and Ellen McGrattan
Discussant: Ia Vardishvili, Auburn University
5:30 Reception
6:30 Dinner
Friday, November 14
8:15 a.m. Breakfast
9:00 Welcome
9:15 Session 2: Investment, Intangibles, and Innovation
Anchor talk
"Intangibles, Innovation, and Growth"
Janice C. Eberly, Northwestern University
10:15 Break
10:45 "Idea Rents and Firm Growth"
Huiyu Li, Federal Reserve Bank of San Francisco, with Timo Boppart, Pete Klenow, and Reiko Laski
Discussant: Murat Alp Celik, University of Toronto
11:45 Lunch
1:00 p.m. "Creative Destruction through Innovation Bursts"
Danial Lashkari, Princeton University, with Giuseppe Berlngieri, Maarten DeRidder, and Davide Rigo
Discussant: Marta Prato, Bocconi University
2:00 "Inelastic Capital in Intangible Economies"
Emilien Gouion-Bonenfant, Columbia University, with Matthew Gomez
Discussant: Bryan Seegmiller, Northwestern University
3:00 Adjournment

Format: keynote talks: 1 hour (including questions); regular talks: 30 minutes author, 15 minutes discussant, 15 minutes general audience.