Workshop on Macroeconomic Applications of Dynamic Games and Contracts

Stony Brook, NY, July 12 - 13, 2012

Schedule of Talks

Thursday, July 12

 

Session 1: ( 9:00am - 10:30am)
Optimal Taxation

9:00 - 9:45

Pricila Maziero  (Wharton School, University of Pennsylvania)
A Theory of Political and Economic Cycles

9:45 - 10:30

Julian Neira  (UC Santa Barbara)
Optimal Taxation in a Life Cycle Economy with Endogenous Human Capital Formation

10:30 - 11:00

Coffee Break

 

Session 2: (11:00am - 12:30pm)
Costly State Verification

11:00 - 11:45

Harold Cole  (University of Pennsylvania)
Why Doesn't Technology Flow from Rich to Poor Countries?

11:45 - 12:30

B. Ravikumar  (Federal Reserve Bank of St. Louis)
Unemployment Insurance Fraud and Optimal Monitoring

12:30 - 14:00

Lunch Break

 

Session 3: ( 2:00pm - 3:30pm)
Limited Contract Enforcement

14:00 - 14:45

Vincenzo Quadrini  (University of Southern California)
Risky Investments with Limited Commitment

14:45 - 15:30

Mark Wright  (Federal Reserve Bank of Chicago)
Human Capital Risk, Contract Enforcement, and the Macroeconomy

15:30 - 16:00

Coffee Break

 

Session 4: ( 4:00pm - 5:30pm)
Methods

16:00 - 16:45

Nicola Pavoni  (Bocconi University)
On the Dual Approach to Recursive Contracts

16:45 - 17:30

Ennio Stacchetti  (New York University)
Agency Models with Frequent Actions: A Quadratic Approximation Method

18:30 - 22:00

Reception Dinner (Three Village Inn)

 

Friday, July 13

 

Session 5: ( 9:00am - 10:30am)
Limited Commitment

9:00 - 9:45

Tim Worrall  (University of Edinburgh)
Dynamic Relational Contracts with Limited Liability

9:45 - 10:30

Alexander Karaivanov  (Simon Fraser University)
Moral Hazard and Lack of Commitment in Dynamic Economies

10:30 - 11:00

Coffee Break

 

Session 6: ( 11:00am - 2:15pm)
Dynamic Games, Credit Frictions

11:00 - 11:45

Laurence Ales  (Carnegie Mellon University)
Revision Proofness

11:45 - 12:30

Fabrizio Perri  (University of Minnesota)
International recessions

12:30 - 13:30

Lunch Break

13:30 - 14:15

Xavier Mateos-Planas  (Queen Mary University)
Credit Lines