World Economy and Finance - Warwick 2009 - Programme

 


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New Micro-foundations for Macroeconomics

Programme

Thursday 9 July  
19.30 - Stratford upon Avon: Royal Shakespeare Company, Courtyard Theatre
  "The Winter’s Tale"
  (Transport will be arranged for those attending)
   
Friday 10 July  
10.00 - 10.30 Registration
   
10.30 - 11.15 John Muellbauer (Oxford)
  "Household Decisions, Credit Markets and the Macro-economy: Modelling Issues"
   
11.15 - 11.30 Tea / Coffee
   
11.30 - 12.15 Alan Kirman (Aix-Marseille)
  "Towards More Scientific Foundations for Macroeconomics: A Journey Down the Wrong Road"
   
12.15 - 13.00 Sujit Kapadia (Bank of England)
  "Liquidity Hoarding, Network Externalities, and Interbank Market Collapse"
   
13.00 - 14.00 Lunch
   
14.00 - 14.30 Charles Bean (Bank of England)
  A Talk on the current financial crisis
   
14.30 - 15.15 Peter Hammond (Warwick)
  "Enlivened, Temporary and Subgame Perfect Models in DGSE Theory"
   
15.15 - 16.00 John Moore (Edinburgh & LSE)
  "Liquidity, Business Cycles, and Monetary Policy"
   
16.00 - 16.30 Tea / Coffee
   
16.30 - 17.15 John Driffill (Birkbeck) and Marcus Miller (Warwick)
  "Liquidity Constraints and Non-market Clearing: A Recipe for Recession?"
   
17.15 - 18.00 Charles Goodhart (LSE) and Dimitrios Tsomocos (Oxford)
  "The inadequacies of DSGE models and the strength of liquidity based models with heterogeneous agents and endogenous default"
   
19.30 - Workshop Dinner
  - includes a speech by Willem Buiter (London School of Economics)
   
Saturday 11 July  
9.00 - 9.45 Aubhik Khan (Ohio State) and Julia Thomas (Ohio State)
  "Inflation and Interest Rates with Segmented Asset Markets"
   
9.45 - 10.30 Paul De Grauwe (KU Leuven)
  "Animal Spirits and Monetary Policy"
   
10.30 - 11.00 Tea / Coffee
   
11.00 - 11.45 Alistair Milne (City University)
  "Understanding the Current Credit Crisis: Maturity mismatch, collateral valuation, and illiquidity from a general equilibrium perspective"
   
11.45 - 12.30 Sayantan Ghosal (Warwick)
  "Financial Markets: Efficiency, Stability"
   
12.30 - 14.00 Lunch
   
14.00 - 14.45 Roman Sustek (Bank of England)
  "Monetary Business Cycle Accounting"
   
14.45 - 15.30 Anton Korinek (Maryland)
  "Financial Accelerator Effects and Systemic Externalities"
   
15.30 - 16.00 Tea / Coffee
   
16.00 - 16.45 Tom Krebs (Mannheim)
  "Equilibrium in a Production Model with Limited Commitment"
   
16.45 - 17.30 Round Table Discussion
   
18.00 - Transport leaves for Stratford, for those attending theatre
   
19.30 - Royal Shakespeare Company, Stratford-upon-Avon, Courtyard Theatre
  "As You Like It"
   
  or Dinner at Radcliffe House