Missing Financial Markets

April 27, 2001

8:15 Light breakfast
8:50 Very brief introduction (Robert Shiller and John Geanakoplos)
9:00 Gabrielle Demange (DELTA), “On Optimality in Intergenerational Risk Sharing”
    Discussant: Stefano Athanasoulis (University of Notre Dame)
10:30 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 George-Marios Angeletos (MIT) and Laurent E. Calvet (Harvard University), “Incomplete Markets, Growth, and the Business Cycle”
   Discussant: Guy Laroque (INSEE-CREST)
12:30 Buffet lunch
1:30 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 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 Franklin Allen (University of Pennsylvania) and Douglas Gale (New York University), “Banking and Markets”
    Discussant: Nobuhiro Kiyotaki (London School of Economics)
7:00 Cocktails and Dinner