Imperfect Competition and Cycles

Dynamics Complementarities: a Quantitative Analysis. R. Cooper, A. Johri

The Origin of Asymmetry in Factor Input Dynamics. F. Palm, G. Pfann

Bayesian Learning, Monopolistic Competition and the Real Business Cycle. B. Moore, D. Simard

Effort and Cycle: What Is the Story?. H. Uhlig, Y. Xu

Learning and Stability for Equilibrium

Optimal Experimentation in a Changing Environment. G. Keller, S. Rady

Non-Parametric Versus Linear Learning Devices: a Procedural Perspective. E. Barucci, L. Landi

Stability for Competitive Equilibrium with Respect to Recursive and Learning Processes. Y. Balasko, D. Royer

Equilibrium and Self Fulfilling Beliefs

Intertemporal Cournot and Walras Equilibrium: an Illustration. T. Cordella, M.Datta

Equilibrium Selections. B. Allen, J. Dutta, Hl Polemarchakis

On the Robustness of Sunspot Phenomena in Dynamical Systems. J. Davila

Arbitrage, Bubbles and Valuation. J. Werner.

Economic Growth

Technological Diffusion, Convergence and Growth. R. Barro, X. Sala-i-Martin

Colonialism in the Theory of Growth. G. Bertocchi

On Growth and Indeterminacy: Some Theory and Evidence. J. Benhabib, J. Gali

Was Prometheus Unbound by Chance? Risk, Diversification and Growth. D. Acemoglu, F. Zilibotti

Political Economy

Are Consumption Taxes Really Better Than Income Taxes. P. Krusell, V. Quadrini, J. V. Rios-Rull

On the Viability for Public Provision of Public Goods. G. Glomm

Political Economy and Public Education Finance. R. Fernandez, R. Rogerson

Job Creation, Job Destruction and Unemployment

Is Job Turnover Countercyclical. T. Boeri

Technological Progress, Job Creation and Job Destruction. D. Mortensen, C. Pissarides

Learning Dynamics

Economic Dynamics with Learning: New Stability Results. G. Evans, S. Honkaphja

Choice Without Belief. D. Easley, A. Rustichini

Political Economy

Rational Debate Leads to Unidimensional Conflict. T. Piketty, D. Spector

A Contribution to the Theory of Pork Barrel Spending .H. Cole, V. Chari

Growth Models

Accuracy Estimates For Numerical Solutions of Economic Growth Models. M. Santos, J. Vigo.

Multisectoral Growth with Marshallian Externalities. K. Neusser

Missed Oportunities Or Factor Reallocation Costs and Growth. J. P. Nicolini

Empirical Models of the Labor Market

Explaining the Time Path of Unemployment: the Differential Role of Growth, Business Cycles, Search Intensity and Labor Supply Factors. E. Yashiv

Capital-Skill Complementarity and Inequality. P. Krusell, L. Ohanian, J. V. Rios- Rull, G. Violante

Estimating a Dynamic Model of Labor Supply and Fertility in Intact Families: the Role of Part-Time Work. M. Francesconi

Convergence and Growth

The Poor Stay Poor: Convergence Across Countries and Regions with a Bayesian Data Approach. F. Canova, A. Marcet

Modeling the Impact of Technological Change Across Sectors and Over Time in Manufacturing. M. Forni, L. Reichlin

On Convergence in Endogenous Growth Models. S. Ortigueira, M. Santos.

Central Banks

Portuguese Banking Sector: a Mixed Oligopoly? F. Barros, L. Modesto

Is There a Tragedy of a Common Central Bank? -A Dynamic Analysis. B. Van Aarle, A. Lans Bovenberg, M. Raith

Do Exchange Rates Move to Address Regional Imbalances?. M. Canzoneri, J. Vallas

Fluctuations in Open Economies

The Sources of Business Fluctuactions in Small-Open Economies. A. Hoffmaister, J. Roldos

Is There Consumption Risk Sharing in the European Union? A. Ubide

Exchange-Rate Based Stabilizations: Theory and Evidence. S. Rebelo, C. Vegh

Invited Lecture

Theory and Measurement in Village Economies. R. Townsend

TUESDAY JULY 4, 1995

Dynamic Trade Models

The Poverty for Nations a Quantitative Exploration. V. Chari, P. Kehoe, E. McGrattan

General International Financial Equilibrium Modeling and Computation with Variational Inequialities. A. Nagurney, S. Siokos

Mark-Up Fluctuations in Us Manufacturing and Trade: Empirical Model Based on a Model of Optimal Storage. R. Kollman

A Forward Premium Anomaly: Three examples in Search of a Solution. D. Backus, S. Foresi, C. Telmer

Social Security

Is Social Security Really Bad For Growth? G. Bellettini, C. Berti Ceroni

Sustaining Fiscal Policy Through Immigration. K. Storesletten

Equilibrium with Social Security. M. Boldrin, A. Rustichini

Are Taxes Too Low?. P. Manasse

Asset Price Dynamics

Asset Price Dynamics and Infrequent Trades. P. Balduzzi, G. Bertola, S. Foresi

The Predictability for Security Returns with Simple Technical Trading Rules. R.Gencay

Stock Returns and Real Activity: a Structural Approach. F. Canova, G. De Nicolo

On the Impact of Leverage Constraints on Asset Prices and Trading Volume. J. M. Maron, J. Olivier

Growth and Income Distribution

Dynamics of the Income Distribution Across OECD Countries. J. Andres, A. Lamo

Sustained Growth, Government Expenditures and Inflation. P. Ferreira

Catch Up, Growth and Convergence in the OECD. A. De La Fuente

Home Production with Endogenous Growth. T. Einarsson, M. Marquis

Endogenous Fluctuations and Growth

Trade Dynamics and Endogenous Growth. an Overlapping Generations Analysis. A. Mountford

Monetary Emission, Financial Market Regulations and Real Exchange Rates in a Two-Country Growth Model. C. M. Betts

Increasing Returns to Scale and Endogenous Fluctuations in Overlapping Generations Models with Cournot Competition. T. Lloyd Braga

Endogenous Fluctuations in Multi-Sector ProductiveEconomies: Factor Intensity and Substitution. L. De Mello

Meeting and Contracting

Implementing the Efficient Allocation in a Model of Financial Intermediation. E. Green

Dynamic Bargaining Theory and Applications. M. Coles, R. Wright

Capital Mobility

Capital Mobility, Fiscal Policy and Growth with Self-Financing of Human Capital Formation. W. Buiter, K. Kletzer

Capital Flows and the Northamerican Free Trade Agreement. T. Kehoe

Investment and Firm Dynamics

Machine Replacement and the Business Cycle: Lumps and Bumps. R. Cooper, J. Haltiwanger, L. Power

(S, S) Inventory Policies in General Equilibrium. J. Fisher, A. Hornstein

Debt and Capital Flows

Recession Dynamics Following an External Price Shock in a Transition Economy. S.Gomulka, J. S. Lane

The Optimal Quantity for Debt. E. McGrattan, S. Rao Aiyagari

Estimated Models

Time Varying Risk Premia in General Equilibria. A. Novales

Can a Real Business Cycle Model Pass the Watson Test?. Y. Wen

An Econometric Analysis of Us Inflation Dynamics with Learning About Rational Expectations. P. Zadrozny

Calibrated Models of Animal Spirits

Comparing Four Models of Aggregate Fluctuations Due to Self-Fulfilling Expectations. S. Schmidt-Grohe

Can Animal Spirits Explain the European Unemployment Dynamics?. P. Feve, F. Langot

Indeterminacy, Home Production, and the Business Cycle: a Calibrated Analysis. R. Perli

European Integration

Macroeconomic policy Games and Asset-Price Volatility in the EMS: A Linear Quadratic Control Analysis of France, Germany, Italy and Spain. P. McNelis, C. Asilis

Currencies and the Allocation of Risk: the Welfare Effects of a Monetary Union. P, Andres Neumeyer

Dynamic Strategic Interaction

Dynamic Extenalities and Policy Coordination. M. Datta, L. Mirman

Alternative Time Patterns of Decisions and Dynamic Strategic Interactions. P. Cahuc, H. Kempf

Invited Lecture

Market Structure and the Growth Process. P. Aghion (with P. Howitt)

 

WEDNESDAY JULY 5. 1995

 

International Dynamicss

Transitional Dynamics, Convergence and International Capital Flows in Two-Country Models of Innovation and Growth. P. Tang, K. Waelde

Risk-Related Asymmetries in Foreign Exchange Markets. G. Gallo, B. Pacini

A Provincial Wiew of Capital Mobility. T. Bayoumi, M. Klein

Real Exchange Rate Targeting and Macroeconomic Instability. M. Uribe

Policy Coordination in Open Economies

Growth Gains From Trade and Education. S. Kim, Y. Jin Kim

Optimal Exchange Rate Targets and Macroeconomic Stabilization. E. Alberola Ila

A Time-Consistent Solution to the Stochastic Dynamic Strategic Export Subsidy Problem with Two Governments .K. Gatsios, T. Kollintzas, C. Lagopoulus

Monetary Innovations, Real Effects, and the European Monetary System. S. Baier

Asset Pricing and Heterogeneity

Double Lattices For Financial Analysis. D. Luenberger

Asset Prices and Undiversifiable Income Risk in an Overlaping Generations Model. P. Labadie.

The Order of Integration of Dividends and Excess Volatility for Stock Prices. M. Hagiwara, M. Herce

The Simple Analytics of Assets’ Values and Infrequent Policy Changes. P. Balduzzi, G. Corsetti, S. Foresi

CAPM-Based Minimax Hedging Strategy. M.A. Howe, B. Rustem, M. Selby

Growth Trade and Uncertainty

Marital Risk and Capital Accumulation. L. Cubeddu, J. V. Rios-Rull

Investment in New Activities and the Welfare Cost of Uncertainty. J. Aizenman

The Choice Between Leisure and Work and Modeling Endogenous Growth. A. Pelloni, R. Waldmann

Growth and Interdependence. J. Ventura

Issues in Monetary Economics

Money as an Intermediate Good and the Welfare Cost of the Inflation Tax. I. Correia, P. Teles

Liquidity Preference and Financial Intermediation. J. Dutta, S. Kapur

Unanticipated Monetary Schocks and the Business Cycle. T. Cooley, G. Hansen

The Effects of Monetary Policy in a Model with Reserve Requirements. J. Haslag

PANEL SESSION. (Organized by CREI)

A Look At the Spanish Economy

“Actual” Versus “Virtual” Employment in Europe: Why Is There Less Employment in Spain? R. Marimon, F. Zilibotti.

Employment Fluctuations and Persistence in Spain. J. Gali

Employment Creation and Destruction in the Spanish Economy. W. Garcia-Fontes, H. Hopenhayn

Regional Integration and Public Investment in Spain. T. Garcia-Milia, R. Marimon

A Monetary Union For a Heterogeneous Europe. G. Giovannetti, R. Marimon

Panel Discusants

M. Boldrin, Universidad Carlos III de Madrid

A. De La Fuente, IAE

J. F. Jimeno FEDEA

M. Nadal, Ministerio de Economia y Hacienda

A. Novales, Universidad Complutense de Madrid