2001

Organizers: Daron Acemoglu, Patrick Kehoe

Tuesday, July 31

The Size of the Permanent Component of Asset Pricing Kernels

Fernando Alvarez
The University of Chicago
Urban Jermann
Federal Reserve Bank of Minneapolis

Incomplete Markets, Growth, and the Business Cycle

George-Marios Angeletos
MIT
Laurent Calvet
Harvard University

Interest Rate Stabilization and the Allocation of Liquidity

Guido Lorenzoni
MIT

Wednesday, August 1

Optimal Indirect and Capital Taxation

Mike Golosov
University of Minnesota and Federal Reserve Bank of Minneapolis
Narayana Kocherkalota
University of Minnesota and Federal Reserve Bank of Minneapolis
Aleh Tysvinksi
University of Minnesota and Federal Reserve Bank of Minneapolis

Self-Control and the Theory of Consumption

Faruk Gul
Princeton University
Wolfgang Pesendorfer
Princeton University

The Assignment of Workers to Jobs in an Economy with Coordination Frictions

Robert Shimer
Princeton University

Thursday, August 2

Consumption and Saving over the Life Cycle: How Important are Consumer Durables?

 Jesus Fernandez-Villaverde
University of Minnesota and Federal Reserve Bank of Minneapolis
Dirk Krueger
Stanford University

Mismeasurement of the Elasticity of Intertemporal Substitution: The Role of Limited Stock Market Participation

Fatih Guvenen
Carnegie Mellon University

Consumption and Risk Sharing Over the Life Cycle

Chris Telmer
Carnegie Mellon University
Kjetil Storesletten
Stockholm University
Amir Yaron
Wharton School of Business

Friday, August 3

Competition, Imitation, and Growth with Step-by-Step Innovation

Phillipe Aghion
Harvard University
C. Harris
King’s College, Cambridge
P. Howitt
Brown University
J. Vickers
All Souls College, Oxford

Climbing Up the Market Ladder: Industry Dynamics with Advertising

Mehmet Yorukoglu
University of Chicago
Emin M. Dinlersoz
University of Houston

Population Growth, Technological Adoption and Economic Outcomes in the Information Era

David A. Green
University of British Columbia
Paul Beaudry
University of British Columbia

Saturday, August 4

A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

Satyajit Chatterjee
Federal Reserve Bank of Philadelphia
Dean Corbae
University of Pittsburgh
Makoto Nakajima
University of Pennsylvania
Jose-Victor Rios-Rull|
University of Pennsylvania

Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality

Raquel Fernandez
New York University
Nezih Guner
Queen’s University
John Knowles
University of Pennsylvania

Does Income Inequality Lead to Consumption Inequality? Empirical Findings and a Theoretical Explanation

Dirk Krueger
Stanford University
Fabrizio Perri
New York University