Frontiers in Applied General Equilibrium Modeling
April 5-6, 2002
| FRIDAY | |
| Welcoming Remark, John Geanakoplos (Yale University) | |
| 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) |
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| Michael C. Ferris (University of Wisconsin), "Mathematical Programs with Equilibrium Constraints: Automatic Reformulation and Solution via Constrained Optimization" (with A. Meeraus, and S. Dirkse, GAMS) Discussant: Thomas Rutherford (University of Colorado) (Abstract) |
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| 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) |
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| 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) |
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| SATURDAY | |
| 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) |
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| Alan Manne (Stanford University), "General Equilibrium Models for Global Climate Change" (Abstract) Discussant: Kirit Parikh (IGIDR, Mumbai) |
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| SESSION IV: Validation and Policy Use — Chair: Ray C. Fair (Yale University) | |
| Timothy Kehoe (University of Minnesota & 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) |
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| Shantayanan Devarajan (World Bank), "The Impact of AGE Models on Policy" (with Sherman Robinson, IFPRI) Discussant: Anne Krueger (IMF) |
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| 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 |
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| Dale Jorgenson (Harvard University), "Lifting the Burden: Tax Reform, the Cost of Capital and U.S. Economic Growth" (with Kun-Young Yun, Yonsei University) (Abstract) Discussant: John Shoven (Stanford University) |
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| 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) |
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| 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) |
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