FRONTIERS IN APPLIED
GENERAL EQUILIBRIUM MODELING
April 5–6, 2002
Luce Hall, 34 Hillhouse Avenue |
|
FRIDAY,
APRIL 5th |
| |
Welcoming Remark, John Geanakoplos, Yale
University |
| 1:30–3:00 |
SESSION I: Algorithms for Solving
Intertemporal and Stochastic Models
CHAIR: Donald J. Brown, Yale University |
Kenneth L. Judd, Hoover Institution,
Stanford University, "Solving Dynamic Stochastic Competitive General Equilibrium
Models" Abstract
Discussant: Herbert E. Scarf, Yale University |
Michael C. Ferris, University of
Wisconsin (with A. Meeraus, and S. Dirkse,
GAMS), "Mathematical Programs with Equilibrium Constraints: Automatic Reformulation
and Solution via Constrained Optimization" Abstract
Discussant: Thomas Rutherford, University of Colorado |
| 3:30–5:00 |
SESSION II: Stochastic General
Equilibrium and Real Business Cycles
CHAIR: Jerry Green, Harvard Business School |
José-Victor Ríos-Rull, University
of Pennsylvania, NBER, CEPR, IAERP, "Interest Rate Shocks and Household Defaults: How
Big Are Credit Crunches" Abstract
Discussant: Eduardo Engel, Yale University |
Edward C. Prescott, University of
Minnesota, FRB of Minneapolis, "Non-Convexities in Applied General Equilibrium
Analyses of Business Cycles" Abstract
Discussant: Thomas Sargent, Hoover Institution, Stanford University |
SATURDAY,
APRIL 6th |
| 9:00–10:30 |
SESSION III: Applications: Finance and
Environment
CHAIR: William C. Brainard, Yale University |
Aloisio Araujo, IMPA,
"Frontiers in General Equilibrium Applied to Finance" (with Mario Pascoa, IMPA) Abstract
Discussant: John Geanakoplos, Yale University |
Alan Manne, Stanford University,
"General Equilibrium Models for Global Climate Change" Abstract
Discussant: Kirit Parikh, IGIDR, Mumbai |
11:00–12:30 |
SESSION IV: Validation and Policy Use
CHAIR: Ray C. Fair, Yale University |
Timothy Kehoe, University of
Minnesota and FRB of Minneapolis, "An Evaluation of the Performance of Applied
General Equilibrium Models of the Impact of NAFTA" Abstract
Discussant: Jaime Serra, SAI, Mexico City |
Shantayanan Devarajan, World Bank,
"The Impact of AGE Models on Policy" (with Sherman
Robinson, IFPRI) Abstract
Discussant: Anne Krueger, IMF |
1:30–3:00 |
SESSION V: Calibration and Estimation
CHAIR: Steven Berry, Yale University |
James Heckman, University of
Chicago, "Simulation and Estimation of Hedonic Equilibrium Models" (with Rosa
L. Matzkin, Northwestern University) and Lars Nesheim,
University College London) Abstract
Discussant: Michael Keane, Yale University |
Dale Jorgenson, Harvard University
(with Kun-Young Yun, Yonsei University), "Lifting the Burden: Tax Reform, the
Cost of Capital and U.S. Economic Growth" Abstract
Discussant: John Shoven, Stanford University |
3:30–5:00 |
SESSION VI: Applications: Poverty,
Development and Trade
CHAIR: Thomas Hertel, Purdue University |
François Bourguignon, DELTA, Paris,
"Representative vs. Real Households in CGE Modeling of Inequality" (with A.S.
Robilliard and Sherman Robinson, IFPR) Abstract
Discussant: T.N. Srinivasan, Yale University |
John Whalley, University of Western
Ontario, "Decomposing Wage Inequality. Change into Trade and Technology Components
Using General Equilibrium Models" (with L. Abrego, IMF) Abstract
Discussant: Alan Deardorff, University of Michigan |