| September 30-October 1, 1988 | |
| Friday, September 30 | |
| 8:45 a.m. | Coffee |
| 9:30 a.m. | Presentation of new results on Problem 1 |
| To the extent that results have been submitted enough in advance on diskette as requested, they will first be summarized by Chris Sims. Then each participant will have a chance to add to the discussion, emphasizing what is new since the last meeting. New participants who did not have a chance to describe their solution methods at the last meeting will be given time to do so here. | |
| 11:00 a.m. | Break |
| 11:15 a.m. | Discussion of John Taylor’s summary paper, both its substance and its prospects (journal submission? with or without companion pieces on methods?, etc.) |
| 12:15 p.m. | Lunch |
| 1:15 p.m. | Presentation of results on problems 2 and 3 |
| Same format as for Problem 1. Shorter time in expectation of few actual solutions. |
|
| 2:00 p.m. | Break |
| 2:15 p.m. | Papers I |
| Wouter den Haan, Carnegie “The Optimal Inflation Path in a Sidrauski-type Model with Uncertainty” |
|
| Discussant: Larry Christiano | |
| Marianne Baxter, Rochester “Approximating Suboptimal Dynamic Equilibria: An Euler Equation Approach” |
|
| Discussant: Joe Gagnon | |
| 3:45 p.m. | Break |
| 4:00 p.m. | Papers II |
| Wilbur Coleman II, Federal Reserve (D.C.) “Money, Interest and Capital in a Cash-in-Advance Economy” |
|
| Discussant: George Tauchen | |
| Robert Hussey, Duke “Solving Nonlinear Rational Expectations Models With Asymmetric Adjustment Costs” |
|
| Discussant: David Marshall, Northwestern | |
| 5:30 p.m. | Adjourn |
| 6:30 p.m. | Dinner |
| Saturday, October 1 | |
| 9:30 a.m. | Papers III |
| George Tauchen, Duke “Applications and Extensions of the Quadrature Method” |
|
| Discussant: Marianne Baxter | |
| Larry Christiano, Terry Fitzgerald, Federal Reserve Minneapolis “The Precautionary Motive for Holding Inventories in a Real Business Cycle Model” |
|
| Discussant: Robert Hussey | |
| 11:00 a.m. | Coffee, open discussion of plans for additional meetings and of the state of the art, until no later than noon. |