10th Annual Conference on General Equilibrium and its Applications

April 25–27, 2014

Yale FES, Sage Hall, Bowers Auditorium, 205 Prospect Street

* Speaker, when more than one author listed

8:30 Registration & Continental Breakfast
9:30 Opening Remarks
9:40 *Gary Gorton (Yale University) and Guillermo Ordõnez (University of Pennsylvania), “Crises and Productivity in Good Booms and in Bad Booms
10:30 Francois Geerolf (Toulouse School of Economics), “A Theory of Power Law Distribution for the Returns to Capital and of the Credit Spread Puzzle
11:20 Break
11:50 Michael Magill (University of Southern California) and *Martine Quinzii (University of California-Davis), “Prices and Investment with Collateral and Default
12:40 Lunch
2:00 *David Andolfatto (FRB St. Louis/Simon Fraser University), Fernando Martin (FRB St. Louis) and Shengxing Zhang (New York University), “Rehypothecation
2:50 Xavier Gabaix and *Matteo Maggiori (New York University, Stern School of Business), “International Liquidity and Exchange Rate Dynamics
3:40 Break
4:10 Peter Hammond (University of Warwick, UK), “On Designing and Efficient Spot Market System: From Myerson, Selten and Harsanyi to Walras via Warehousing and Demand Revelation”
6:30 Dinner, John Davenport’s Restaurant at the Omni Hotel
9:00 Continental Breakfast
10:00 *Dimitrios Tsomocos (University of Oxford, UK), Alexandros Vardoulakis (Federal Reserve System), and Anil Kashyap (University of Chicago, Booth School of Business), “How Does Macroprudential Regulation Change Bank Credit Supply?
10:50 *M. Udara Peiris (ICEF, Higher School of Economics) and Herakles Polemarchakis (University of Warwick, UK), “Monetary Policy and Quantitative Easing in an Open Economy: Prices, Exchange Rates and Risk Premia”
11:40 Break
12:10 Markus K. Brunnermeier and *Yuliy Sannikov (Princeton University), “International Credit Flows, Pecuniary Externalities, and Capital Controls
1:00 Lunch
2:20 *Itamar Drechsler, Alexi Savov, and Philipp Schnabl (New York University, Stern School of Business), “A Model of Monetary Policy and Risk Premia
3:10 *Michael Richter (Yeshiva University) and Ariel Rubinstein (Tel Aviv University & New York University), “Back to Fundamentals: Abstract Competitive Equilibrium
8:30 Continental Breakfast
9:30 Jan Werner (University of Minnesota) “Speculative Trade under Ambiguity
10:20 *Aloisio Araujo (Instituto Nacional de Matemática Pura e Aplicada & Funacão Getúlio Vargas), Alain Chateauneuf (Paris School of Economics), J. Gama-Torres (Instituto Nacional de Matemática Pura e Aplicada), and Rodrigo Novinski (Faculdades Ibmec-RJ), “General Equilibrium, Risk Taking and Volatility”
11:10 Break
11:40 Jonathan Burke (Pepperdine University) “Generic Determinacy in Overlapping Generations Models
12:30 Lunch


Beth Allen (University of Minnesota)
Robert Anderson (University of California, Berkeley)
David Andolfatto (FRB St. Louis & Simon Fraser University)
Aloisio Araujo (Instituto Nacional de Matemática Pura
   e Aplicada and Funacão Getúlio Vargas)
Gaetano Bloise (Yeshiva University)
Jonathan Burke (Pepperdine University)
Dan Cao (Georgetown University)
Alessandro Citanna (Yeshiva University)
Sean Crockett (City University of New York)
Anastasios Dosis (ESSEC Business School, France)
Itamar Drechsler (NYU, Stern School of Business)
Ana Fostel (George Washington University)
J. Gama-Torres (Instituto Nacional de Matemática Pura
   e Aplicada)
John Geanakoplos (Yale University)
Francois Geerolf (Toulouse School of Economics)
Gary Gorton (Yale University)
Peter Hammond (University of Warwick, UK)
Matthew Hoelle (European University Institute)
Matteo Maggiori (NYU, Stern School of Business)
Michael Magill (University of Southern California)
Filipe Martins-da-Rocha (FGV and CNRS)
Filippo Massari (University of New South Wales)
Enrico Minelli (Universitá di Brescia)
M. Udara Peiris (ICEF, Higher School of Economics)
Tito Pietra (Universita di Bologna)
Herakles Polemarchakis (University of Warwick, UK)
Martine Quinzii (University of California, Davis)
David Rappoport (Federal Reserve Board)
Michael Richter (Yeshiva University)
Catherine Rouzaud (University of Paris)
Yuliy Sannikov (Princeton University)
Alexi Savov (NYU, Stern School of Business)
Susan Schommer (IMPA)
Martin Shubik (Yale University)
Paolo Siconolfi (Columbia University)
Stephen Spear (Carnegie-Mellon)
Ross Starr (University of California, San Diego)
Spyridon Terovitis (University of Warwick)
Alexis Toda (University of California, San Diego)
Dimitrios Tsomocos (University of Oxford, UK)
Aleh Tsyvinski (Yale University)
Alexandros Vardoulakis (Federal Reserve System)
Jan Werner (University of Minnesota)
Shengxing Zhang (New York University)

Conference Frequently Asked Questions

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).

For travel expense reimbursement for the Cowles GE Conference, please send the following items by Friday, May 18, 2018.

For travel expense reimbursement for the Cowles Summer Conferences, please send the following items by Friday, September 7, 2018.

For travel expense reimbursement for the Peter Philips Conferences, please send the following items by Friday, November 23, 2018.






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


The conference sessions are held on the second floor in Evans Hall at the Yale School of Management. Restrooms can be found on the perimeter of the building along the sides and back of the building.

Click to enlarge

The Cowles Foundation is located in the heart of Yale’s campus at 30 Hillhouse Avenue.  Use theYale online campus map to help find your way around.

If you need assistance with an Omni Hotel room reservation, please contact Alyson Perri, Convention Services Manager, Omni Hotels.

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

You can also report a crime or send an anonymous text tip through our Bulldog Mobile (LiveSafe) app. (To register for Bulldog Mobile please visit the Yale LiveSafe page)

For addtional emergency information, visit the Yale Emergency Management website.

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.