Recursive Methods in Economic Dynamics: Conference in Honor of 25 Years of Stokey, Lucas, and Prescott

May 15-16, 2014
Federal Reserve Bank of Minneapolis

Welcoming Remarks by Narayana Kocherlakota

Stokey Session

Chair: Tom Cooley

Introductory Remarks by Nancy Stokey

Neil Wallace: "Optima in Heterogeneous-Agent Monetary Economies"
Discussant: Chris Phelan

Mark Wright: "Recovery Before Redemption: A Theory of Delays in Sovereign Debt Renegotiations" (with D. Benjamin)
Discussant: Cristina Arellano

Boyan Jovanovic: "Reputation and TFP Shocks" (with J. Prat)
Discussant: Esteban Rossi-Hansberg

Lunch with Remarks by Edward C. Prescott

Lucas Session

Chair: Tim Kehoe

Lars Hansen: "Shock Elasticities and Impulse Responses" (with J. Borovicka and J. Scheinkman)
Discussant: V.V. Chari

Andrew Caplin: "Resolving the Annuity Puzzle: Estimating Life-Cycle Models without (and with) Behavioral Data" (with J. Ameriks, J. Briggs, M. Shapiro, and C. Tonetti)
Discussant: Gary Hansen

Hugo Hopenhayn: "Information, Misallocation and Aggregate Productivity" (with J. David and V. Venkateswaran)
Discussant: Andrew Atkeson

Ivan Werning: "Tax Smoothing Reexamined: Redistribution, Incomplete Markets and Limited Participation"
Discussant: Mikhail Golosov

Conference Dinner, with remarks by Robert E. Lucas, Jr.

Friday, May 16, 2014

Prescott Session

Lars Ljungqvist: "The Fundamental Surplus in Matching Models" (with T. Sargent)
Discussant: Ellen McGrattan

Fernando Alvarez: "Unions, Unemployment, and Recall" (with Rob Shimer)
Discussant: Rodolfo Manuelli

Ayse Imrohoroglu: "Proposition 13: An Equilibrium Analysis" (with K. Matoba and S. Tuzel)
Discussant: Victor Rios-Rull

Harald Uhlig: "Financial Health Economics" (with R. Koijen and T. Philipson)
Discussant: Motohiro Yogo

Lunch and Adjourn