|
Cowles Foundation for
Research in Economics
MISSING FINANCIAL MARKETS
April 27, 2001
Organizers: Robert Shiller and John Geanakoplos |
| 8:15 am – 8:50 am |
Light Breakfast, General Motors Room, SOM,
55 Hillhouse |
| 8:50 am |
Very brief introduction (Robert Shiller and
John Geanakoplos) |
| 9:00 am – 10:00 am |
Gabrielle Demange (DELTA), "On Optimality in Intergenerational Risk Sharing"
Discussant: Stefano Athanasoulis (University of Notre Dame) |
| 10:30 am – 11:30 am |
Harry Mamaysky and Matthew Spiegel (Yale
University), "A Theory of Mutual Funds: Optimal
Fund Objectives and Industry Organization"
Discussant: Rohit Rahi (London School of Economics) |
| 11:30 am – 12:30 pm |
George-Marios Angeletos (MIT) and Laurent
E. Calvet (Harvard), "Incomplete Markets, Growth, and the Business Cycle"
Discussant: Guy Laroque (INSEE-CREST) |
| 12:30 pm – 1:30 pm |
Buffet Lunch, General Motors Room, SOM, 55
Hillhouse |
| 1:30 pm – 2:30 pm |
Steven J. Davis and Paul Willen (University
of Chicago), "Using Financial Assets to Hedge Labor Income Risks: Estimating the
Benefits"
Discussant: Marianne Baxter (Boston University) |
| 3:00 pm – 4:00 pm |
Patrick Kehoe (Federal Reserve Bank of
Minneapolis) and Fabrizio Perri (New York University), "International Business Cycles
with Endogenous Incomplete Markets"
Discussant: Michael Magill (University of Southern California) |
| 4:00 pm – 5:00 pm |
Franklin Allen (University of Pennsylvania)
and Douglas Gale (New York University), "Banking and
Markets"
Discussant: Nobuhiro Kiyotaki (London School of Economics) |
| 7:00 pm |
Cocktails and Dinner, Omni New Haven Hotel |