Advances in Dynamic Economics

Federal Reserve Bank of Minneapolis
May 23, 2003

10:00 a.m. Registration
10:45 a.m. Welcome and Opening Remarks, Art Rolnick, Federal Reserve Bank of Minneapolis
11:00 a.m. Paper Presentations, Chair: Peter Klenow, Federal Reserve Bank of Minneapolis
 

Raphael Bergoeing, Universidad de Chile
“The Effects of Policy Distortions on Productivity Dynamics” (with Andrea Repetto)

 

Hugo Hopenhayn, University of Rochester
Risk Taking by Entrepreneurs” (with Galina Vereshchagina)

 

Antonia Diaz, Universidad Carlos III de Madrid
On the Macro and Distributional Effects of Housing Taxation

12:30 p.m. Luncheon
1:30 p.m. Paper Presentations, Chair: Jim Schmitz, Federal Reserve Bank of Minneapolis
 

Martin Weale, National Institute for Economic and Social Research
Model Simulation of Altruistic Bequests” (with James Sefton)

 

Herbert E. Scarf, Yale University
“Uniqueness of Equilibrium in a Multi-Country Ricardo Model” (with Charles Wilson)

 

José-Víctor Ríos-Rull, University of Pennsylvania
“Consistent Plans in Overlapping Generation Environments” (with Edward C. Prescott)

3:00 p.m. Refreshment break
3:30 p.m. Paper Presentations, Chair: Warren Weber, Federal Reserve Bank of Minneapolis
 

José María da Rocha, Universidad Carlos III de Madrid and Universidade de Vigo
Devaluation Beliefs and Debt Crisis: The Argentinian Case” (with Eduardo-Luis Giménez and Francisco-Xavier Lores)

 

Enrique Mendoza, University of Maryland
“Margin Calls, Trading Costs, and Asset Prices: The Financial Mechanics of the Sudden Stop Phenomenon”

4:30 p.m.

Panel Discussion, Chair: Patrick J. Kehoe, Federal Reserve Bank of Minneapolis and University of Minnesota
“International Financial Crises over the Past Decade: What Have We Learned?”

 

David K. Backus, New York University, V. V. Chari, University of Minnesota and Federal Reserve Bank of Minneapolis, Timothy J. Kehoe, University of Minnesota and Federal Reserve Bank of Minneapolis, Jaime Serra-Puche, SAI Consultores, and Raimundo Soto, Universidad Católica de Chile

5:45 p.m. Barbeque

 

 
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