15th Annual Conference on General Equilibrium and its Applications

Friday & Saturday, April 26 - 27, 2019

Yale School of Management 
Evans Hall, 165 Whitney Ave., Room 4200 [Map]

Please note that the first three sessions on Friday, April 26, will be held in the Tobin Lounge located in the basement of 28 Hillhouse Ave. [Map].
Friday’s lunch and the remaining afternoon sessions, as well as all of Saturday’s sessions will be held at Evans Hall, Yale School of Management.


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

Downloadable Schedule (PDF)


Friday, April 26
8:30am to 9:30am Registration and Breakfast
9:30am to 10:20am Yaniv Ben-Ami* (Carleton College), John Geanakoplos (Yale University), “Debt, Fragility, and Multiplicity: Thinking Outside the Edgeworth Box”
10:20am to 11:10am Paul Willen* (Federal Reserve Bank of Boston), Lara Loewenstein (Federal Reserve Bank of Cleveland), Christopher Foote (Federal Reserve Bank of Boston), “Cross-Sectional Patterns of Mortgage Debt during the Housing Boom: Evidence and Implications”
11:10am to 11:40am Coffee Break
11:40am to 12:30pm Shengxing Zhang* (London School of Economics), Emre Ozdenoren (London Business School), Kathy Yuan (London School of Economics), “Dynamic Asset-backed Security Design”
12:30pm to 2:00pm Lunch in SOM Forum
2:00pm to 2:50pm William Diamond (The Wharton School of the University of Pennsylvania), Tim Landvoigt* (The Wharton School of the University of Pennsylvania), “Credit Cycles with Market Based Household Leverage”
2:50pm to 3:40pm Gary Gorton (Yale University), “Aggregate Information Dynamics”
3:40pm to 4:10pm Coffee Break
4:10pm to 5:00pm George-Marios Angeletos* (Massachusetts Institute of Technology), Karthik Sastry (Massachusetts Institute of Technology), “Managing Expectations without Rational Expectations”
6:30pm to 8:00pm Dinner - Union League Cafe, 1032 Chapel St. [Map]
Saturday, April 27
8:30am to 9:30am Breakfast
9:30am to 10:20am Herakles Polemarchakis* (University of Warwick), Alfredo Di Tillio (Università Bocconi), Dov Samet (Tel Aviv University), Ehud Lehrer (Tel Aviv University), “Bayesian Dialogues”
10:20am to 11:10am Alexis Akira Toda* (University of California, San Diego), John Stachurski (Australian National University), “An Impossibility Theorem for Wealth in Heterogenous-agent Models with Limited Heterogeneity”
11:10am to 11:40am Coffee Break
11:40am to 12:30pm Aloisio Araujo (Instituto Nacional de Matemática Pura e Aplicada), Susan Schommer* (Instituto Nacional de Matemática Pura e Aplicada), Michael Woodford (Columbia University), “Real Effects of Interest-Rate Policy and Central-Bank Asset Purchases with Endogenous Collateral Constraints”
12:30pm to 2:00pm Lunch
2:00pm to 2:50pm Stefan Steinerberger (Yale University), Aleh Tsyvinski* (Yale University), “Tax Mechanisms and Gradient Flows” [Paper]
2:50pm to 3:40pm Patrick Bolton* (Columbia University), José Scheinkman (Columbia University), Tano Santos (Columbia University), “Saving Gluts and Financial Fragility”

Conference Participants

Mario Pascoa
(University of Surrey)
Udara Peiris
(Higher School of Economics)
Andrey Alexandrov
(Universität Mannheim)
Aloisio Pessoa de Araujo
(Fundação Getúlio Vargas)
Beth Allen
(University of Minnesota)
Herakles Polemarchakis
(University of Warwick)
George-Marios Angeletos
(Massachusetts Institute of Technology)
David Rappoport
(Federal Reserve Board)
Yaniv Ben-Ami
(Carleton College)
Ehraz Refayet
(The Office of the Comptroller of the Currency)
Patrick Bolton
(Columbia University)
Karthik Sastry
(Massachusetts Institute of Technology)
William Brainard
(Yale University)
Susan Schommer
(Universidade Federal do Rio de Janeiro)
Ricardo Caballero
(Massachusetts Institute of Technology)
Aruhan Shi
(University of Warwick)
Luis Carvalho Monteiro
(Yale University)
Paolo Siconolfi
(Columbia University)
Alex Citanna
(New York University)
Stefan Steinerberger
(Yale University)
Matt Darst
(Federal Reserve Board)
Alexis Akira Toda
(University of California, San Diego)
Julio Davila
(Université Catholique de Louvain)
Dimitrios Tsomocos
(University of Oxford)
William English
(Yale University)
Aleh Tsyvinski
(Yale University)
John Geanakoplos
(Yale University)
Yiannis Vailakis
(University of Glasgow)
Gary Gorton
(Yale University)
Joao Paulo Valente
(Yale University)
Brian Greaney
(Yale University)
Alexandros Vardoulakis
(Federal Reserve Board)
Fabian Greimel
(Universität Mannheim)
Allen Vong
(Yale University)
Gabriele Guaitoli
(University of Warwick)
Conor Walsh
(Yale University)
Felix Kubler
(Swiss Finance Institute)
Kieran Walsh
(University of Virginia)
Antzelos Kyriazis
(Yale University)
Xinyang Wang
(Yale University)
Tim Landvoigt
(The Wharton School of the University of Pennsylvania)
Paul Willen
(Federal Reserve Bank of Boston)
Raghav Malhotra
(University of Warwick)
Tianhao Wu
(Yale University)
Emre Ozdenoren
(London Business School)
Xiaochuan Xing
(Yale University)
Theofanis Papamichalis
(University of Oxford)
Shengxing Zhang
(London School of Economics)

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 2019 Cowles GE Conference, please send the following items by Friday, May 17, 2019.

For travel expense reimbursement for the 2019 Cowles Summer Conferences, please send the following items by Friday, September 6, 2019.






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.