| Research Department Federal Reserve Bank of Minneapolis September 17-18, 1993 |
|
| Friday, September 17 | |
| 1:45 p.m. | Welcoming remarks: Art Rolnick |
| 2:00 p.m. | Nobu Kiyotaki “Credit Cycles” (Joint work with John Moore) |
| 3:00 p.m. | Break |
| 3:15 p.m. | Chris Phelan “Repeated Moral Hazard and One-Sided Commitment” |
| 4:15 p.m. | Break |
| 4:30 p.m. | S. Rao Aiyagari “The Growth Model with Incomplete Markets and Borrowing Constraints, and Some Applications” |
| 5:45 p.m. | Cocktail reception |
| 7:00 p.m. | Dinner |
| Saturday, September 18 | |
| 9:30 a.m. | Continental breakfast |
| 10:00 a.m. | Ricardo Caballero “Estimating Dynamic Aggregation Models” (Joint work withEduardo Engel) |
| 11:00 a.m. | Break |
| 11:15 a.m. | Wouter den Haan “Solving Heterogeneous Agent Models: An Application to Asset Pricing with Incomplete Markets” |
| 12:15 p.m. | Adjourn for lunch |
| 12:30 p.m. | Lunch |
| 2:00 p.m. | Tony Smith “Consumption Smoothing in an Economy with Heterogeneous Agents, Idiosyncratic Risk, and Frictions” (Joint work with Per Krusell) |
| 3:00 p.m. | Break |
| 3:15 p.m. | Victor Rios-Rull “Politico-Economic Equilibrium and Economic Growth” (Joint work with Per Krusell) |
| 4:15 p.m. | Break |
| 4:30 p.m. | Selahattin Imrohoroglu “A Quantitative Analysis of the Optimal Tax Structure under Incomplete Markets” |
| 5:30 p.m. | Closing remarks: Art Rolnick |
| 5:45 p.m. | Cocktail reception |
| 7:00 p.m. | Dinner |