Dr. Elena Afanasyeva, Principal Economist in the Financial and Macroeconomic Stability Studies Section of the Board of Governors of the Federal Reserve System, will give a seminar, titled "The State-Dependent Effects of Changes in Beliefs" which is joint work with Ivana Komunjer and Molin Zhong. This event is co-sponsored by the CLAS Graduate Colloquium. This event is open to all interested faculty and students and required for economics graduate students.