Friday & Saturday, April 28 - 29, 2017

Yale School of Management
Evans Hall, 165 Whitney Ave., Room 2200 [Map]

Organizers: Alessandro Citanna, John Geanakoplos, Ana Fostel, Felix Kubler, Matteo Maggiori, Herakles Polemarchakis, Paolo Siconolfi

*Speaker, when more than one author listed

Friday, April 28
8:30am to 9:30am Registration and Breakfast
9:30am to 10:20am Alexis Akira Toda (University of California, San Diego), "Zipf's Law: A Microfoundation"
10:20am to 11:10am Tarek A. Hassan (University of Chicago Booth), *Thomas M. Mertens (Federal Reserve Bank of San Francisco), Tony Zhang (University of Chicago Booth), "Currency Manipulation"
11:10am to 11:40am Coffee Break
11:40am to 12:30pm Harold Cole (University of Pennsylvania), *Daniel Neuhann (University of Texas at Austin), Guillermo Ordoñez (University of Pennsylvania), "A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information"
12:30pm to 2:00pm Lunch
2:00pm to 2:50pm *Maryam Farboodi (Princeton University), Laura Veldkamp (New York University Stern), "Financial Technology, Unpredictability and Illiquidity in the Long Run"
2:50pm to 3:40pm *George-Marios Angeletos (Massachusetts Institute of Technology), Chen Lian (Massachusetts Institute of Technology), "Forward Guidance without Common Knowledge"
3:40pm to 4:10pm Coffee Break
4:10pm to 5:00pm Chao Gu (University of Missouri - Columbia), Han Han (Peking University, School of Economics), *Randall Wright (University of Wisconsin - Madison), "The Effects of Monetary Policy, and Other, Announcements in Dynamic General Equilibrium" [Paper]
6:30pm to 9:00pm Dinner - John Davenport's, Omni Hotel
Saturday, April 29
8:30am to 9:30am Breakfast
9:30am to 10:20am Christoph Aymanns (London School of Economics), Co-Pierre Georg (University of Cape Town), *Benjamin Golub (Harvard University), "Illiquidity Spirals in Coupled Over-the-Counter Markets"
10:20am to 11:10am Andrew Ellis (London School of Economics), Michele Piccione (London School of Economics), *Shengxing Zhang (London School of Economics), "Equilibrium Securitization with Diverse Beliefs"
11:10am to 11:40am Coffee Break
11:40am to 12:30pm Xavier Gabaix (Harvard University), "A Behavioral New Keynesian Model" [Paper]
12:30pm to 2:00pm Lunch
2:00pm to 2:50pm Darrell Duffie (Stanford University), *Chaojun Wang (Stanford University), "Efficient Contracting in Network Financial Markets"
2:50pm to 3:40pm *David Rezza Baqaee (London School of Economics), Emmanuel Farhi (Harvard University), "The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem" [Paper]
3:40pm to 4:10pm Coffee Break
4:10pm to 4:40pm Pietro Dindo (University of Venice), *Filippo Massari (University of New South Wales), "The Wisdom of the Crowd Revisited"
4:40pm to 5:10pm Jiasun Li (George Mason University), "Profit Sharing: A Contracting Solution to Harness the Wisdom of the Crowd" [Paper]

Conference Participants

Cyril Alapatt (Southern Connecticut State University)
Claudio Kretz (Universität Mannheim)
Andrey Alexandrov (Universität Mannheim)
Felix Kübler (University of Zürich)
Beth Allen (University of Minnesota)
Jiasun Li (George Mason University)
Robert M. Anderson (UC Berkeley)
Chen Lian (MIT)
Christoph Aymanns (London School of Economics)
Rafael Lopez-Monti (George Washington University)
David Baqaee (London School of Economics)
Matteo Maggiori (Harvard University)
Yaniv Ben-Ami (Yale University)
Michael Magill (University of Southern California)
Gaetano Bloise (Yeshiva University)
Konstantin Magin (UC Berkeley)
Andres Carvajal (UC Davis)
Filippo Massari (University of New South Wales)
Paolo Cavallino (International Monetary Fund)
Thomas Mertens (FRB San Francisco)
Sebastián Andrés Cea Echenique (Paris School of Economics)
Daniel Neuhann (University of Texas at Austin)
Alessandro Citanna (Yeshiva University)
M. Udara Peiris (ICEF and Nat'l Res Univ Higher School of Economics )
Harold Cole (University of Pennsylvania)
Gregory Phelan (Williams College)
Matt Darst (Federal Reserve Board)
Herakles Polemarchakis (University of Warwick)
Pietro Dindo (University of Venice)
Martine Quinzii (UC Davis)
Anastasios (Tasos) Dosis (ESSEC Business School)
David Rappoport (Federal Reserve Board)
Laura Doval (Yale University)
Ehraz Refayet (U.S Treasury)
Darrell Duffie (Stanford University)
Marcos Ribeiro Frazao (Yale University)
Fabian Eckert (Yale University)
Catherine Rouzaud (University of Paris Est Crétel)
Eduardo Faingold (Yale University)
Paolo Siconolfi (Columbia University)
Maryam Farboodi (Princeton University)
Alexei Tchistyi (University of Illinois at Urbana-Champaign)
Emmanuel Farhi (Harvard University)
Spyros Terovitis (University of Warwick)
Ana Fostel (University of Virginia)
Joao Lucas Thereze Ferreira (Princeton University)
Mira Frick (Yale University)
Mario Tirelli (Third University of Rome)
Xavier Gabaix (Harvard University)
Alexis Akira Toda (UC San Diego)
Georgios Galanis (University of Warwick)
Giulio Trigilia (University of Rochester)
Alexander Garivaltis (University of Minnesota)
Dimitrios Tsomocos (University of Oxford)
John Geanakoplos (Yale University)
Allen Vong (Yale University)
Benjamin Golub (Harvard University)
Conor Walsh (Yale University)
Feixue Gong (MIT)
Kieran Walsh (University of Virginia)
Gary Gorton (Yale University)
Xinyang Wang (Yale University)
Daniel Greenwald (MIT)
Chaojun Wang (Stanford University)
Fabian Greimel (Universität Mannheim)
Jan Werner (University of Minnesota)
Chao Gu (University of Missouri - Columbia)
Randall Wright (University of Wisconsin - Madison)
Peter Hammond (University of Warwick)
Xiaochuan Xing (Yale University)
Han Han (Peking University)
Luca Zavalloni (University of Warwick)
Nika Koreli (University of Warwick)
Shengxing Zhang (London School of Economics)

Conference Frequetly Asked Questions


For travel expense reimbursement for the General Equilibrium Conference, please send the following items by Friday, May 19, 2017.

For travel expense reimbursement for the Cowles Summer Conferences, please send the following items by Friday, September 8, 2017.






Send original receipts, completed travel reimbursement form, and applicable international forms to:

Darlene Smith
Event & Visitor Assistant Administrator
Cowles Foundation at Yale University
30 Hillhouse Avenue
P.O. Box 208281
New Haven, CT 06520

Email questions to Darlene Smith

Yale provides visitors two Wi-Fi network options:

  • YaleGuest
  • Eduroam

YaleGuest is a public, insecure wireless network available for anyone’s use, but has limited network access. Due to security reasons, certain programs and functionality may not be accessible via the YaleGuest network, e.g., Dropbox, Skype, and Box.  

If possible, we recommended you use the Eduroam wireless network.  Eduroam (education roaming) is a secure, world-wide roaming access service that allows students, researchers and staff from participating institutions to obtain Internet connectivity across campuses when visiting other participating institutions.

If your institution is a partneraccess the Eduroam network by selecting Eduroam from the Wi-Fi list on your mobile device and sign-in using your home institution’s credentials*. View Eduroam’s complete listing of U.S. participating schools; International visitors can look for institutional listings on this country page.

For additional details, please contact your institution’s IT department or search your institution’s support page.

*Credential format is typically ID@UniversityName.edu, e.g., YaleNetID@yale.edu or SUNetID@win.stanford.edu

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 15 minute walk from the Omni Hotel. The easiest route to SOM from the Omni Hotel is to go north on Temple St. which merges into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

Use the Yale online campus map to help find your way around.

In cases of emergency, contact the appropriate department listed below:

Yale and New Haven offer many attractions to bide your time while in the Elm City. Below is a list of a few:

Yale Attractions

New Haven Attractions

Yes, a shuttle bus will be arranged to drive between the hotel and conference location. Typically, an announcement will be sent out from Darlene Smith the day before with additional information.