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2022 GE conference interior

16th Annual Conference on General Equilibrium and its Applications in Celebration of John Geanakoplos' 65th Birthday

Friday, Saturday and Sunday
September 30 - October 2, 2022

Ana Fostel, Herakles Polemarchakis, Felix Kubler, Stephen Morris, and Paul Willen



Friday, September 30, 2022

12:00 pm

Registration and Lunch

1:50 pm

Opening Remarks

2:00 pm

Guido Lorenzoni* (Northwestern University), Ivan Werning (Massachusetts Institute of Technology)

"Wage Price Spirals"

2:50 pm
Paper (339.26 KB)

Marios Angeletos* (Massachusetts Institute of Technology), Chen Lian (University of California, Berkeley)

“Determinacy without the Taylor Principle”

3:40 pm

Coffee Break

4:10 pm

Ivan Werning* (Massachusetts Institute of Technology), Emmanuel Farhi (Harvard University)

“Taming a Minsky Cycle”

5:00 pm

Martin Schmalz (University of Oxford), William R. Zame* (University of California, Los Angeles)

“Index Funds, Asset Prices, and the Welfare of Investors and Consumers”

Saturday, October 1, 2022

8:30 am


9:30 am

Eduardo Dávila (Yale University), Ansgar Walther* (Imperial College London)

“Prudential Policy with Distorted Beliefs”

10:20 am

Coffee Break

10:40 am
Paper (748.03 KB)

Markus Brunnermeier (Princeton University), Sebastian Merkel* (Princeton University), Yuliy Sannkov (Stanford Graduate School of Business)

“Debt as Safe Asset”

11:30 am
Paper (404.39 KB)

Ricardo Caballero (Massachusetts Institute of Technology), Alp Simsek* (Yale University)

“A Monetary Policy Asset Pricing Model”

12:20 pm


2:00 pm
Paper (1.11 MB)

Maryam Farboodi* (Massachusetts Institute of Technology), Péter Kondor (London School of Economics)

“Cleansing by Tight Credit: Rational Cycles and Endogenous Lending Standards”

2:50 pm
Paper (1.17 MB)

Nicolae Garleanu (University of California, Berkeley), Stavros Panageas* (University of California, Los Angeles), Geoffery Zheng (New York University Shanghai)

“A Long and a Short Leg Make for a Wobbly Equilibrium”

3:40 pm

Coffee Break

4:10 pm
Paper (4.01 MB)

Xavier Gabaix* (Harvard University), Ralph S.J. Koijen (University of Chicago Booth)

“In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis”

5:00 pm
Paper (310.71 KB)

Jeremy Bulow* (Stanford Graduate School of Business), Paul Klemperer (University of Oxford)

“Misdiagnosing Bank Capital Problems”

7:00 pm

Cocktails and Dinner - Union League Cafe, 1032 Chapel Street

Lawrence H. Summers: “A Summing Up”

Sunday, October 2, 2022

8:00 am


9:00 am
Paper (626.28 KB)

Omer Tamuz (California Institute of Technology)

“Private Private Information”

9:50 am
Paper (480.92 KB)

Costis Daskalakis

“Games with Non-Concave Utilities and Machine Learning”

10:40 am

Coffee Break

11:00 am

J. Doyne Farmer (University of Oxford)

"Recent Progress in Disequilibrium Economics”

11:50 am
Paper (1.33 MB)

Michael Woodford (Columbia University)

“Cognitive Imprecision and Stake-Dependent Risk Attitudes”

12:40 pm

Lunch & Adjourn

Conference Frequently Asked Questions

How can I connect to the Yale Wi-Fi network while attending a conference?

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 (link sends e-mail), e.g., (link sends e-mail) or (link sends e-mail)

How do I get to the conference location from the Blake Hotel?

The conference will be held at the Yale School of Management (SOM), Evans Hall located at 165 Whitney Ave and is about a 20 minute walk from the Blake Hotel. The easiest route to SOM from the Blake Hotel is to go south-east on George Street and turn left on Temple St. Temaple will merge into Whitney Avenue. SOM will be on the right side of the street across from the Peabody Museum (see map below).

How do I get to the conference location from the Omni Hotel?

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).

Is reimbursement offered for my travel expenses?

Travel expense reimbursement for the 2022 Cowles GE Conference is due by Friday, December 16, 2022.


  • Complete the appropriate online conference travel reimbursement form (These online forms allow you to upload any/all relevant forms and receipts which will be bundled together as one document):
  • Please upload any/all receipts for airfare (economy only)/rail and ground transportation. Receipts must be itemized and show proof of payment (i.e., if paid by credit card the receipt should show the last 4 digits of the credit card).

Note, vouchers for previously canceled or unrelated travel cannot be reimbursed if used to pay for any Cowles related travel.





Email or 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


Is there a building map of the conference venue?

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.

Evans Hall Second Floor Map

Evans Hall Fourth Floor Map

What can I do in New Haven during my stay?

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

Performing Arts

Where can I find a campus map?

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

Who do I contact for assistance with Omni Hotel room reservations?

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

Who do I contact in case of an emergency?

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.

Will transportation be provided in case of inclement weather?

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.