Cornell-Penn State


Special Edition in Honor of Karl Shell

Co-Directors: Kristoffer Nimark, Mathieu Taschereau-Dumouchel (Cornell)
and Neil Wallace (Penn State)

September 8-9, 2018
at Cornell University

SATURDAY, September 8
Fleming Lecture Room – 226 Weill Hall

8:00-8:55               Continental Breakfast

8:55-9:00               Karl Shell (Cornell), Welcome & Introduction

Saturday morning chair: Kristoffer Nimark (Cornell)

9:00-10:00             On Consumers’ Utilities Associated with Different Equilibria of the Same Economy,
                                Yves Balasko (York)

10:00-10:15           Coffee Break

10:15-11:15           Intervention in Markets with Adverse Selection: Implications for Discount Window
                                Stigma, Huberto Ennis (Richmond Fed)

11:15-12:!5            Disintermediation, Karl Shell (Cornell)

12:15-1:30             Lunch

Saturday afternoon chair: Rod Garratt (UCSB)

1:30-2:30               Bail-ins, Bail-outs and Optimal Bank Regulation, Todd Keister (Rutgers)

2:30-3:30               A Diamond-Dybvig Model in which the Level of Deposits is Endogenous,
                               Jim Peck (Ohio State)

3:30-3:45               Coffee Break

3:45-4:45               On the Instability of Banking and Financial Intermediation,
                                Randall Wright (Wisconsin)

6:00                        Cocktail and Dinner at Statler (for out-of-town participants and specifically
invited Cornellians)

SUNDAY, September 9
Fleming Lecture Room – 226 Weill Hall

8:00-9:00                Continental Breakfast

Sunday morning chair: Mathieu Taschereau-Dumouchel

9:00-10:00              Verification and Commitment, Boyan Jovanovic (NYU)

10:00-10:15            Coffee Break

10:15-11:15            Multiple Equilibria in “Expectations and the Neutrality of Money”,
                                 Neil Wallace (Penn State)

11:15-12:15           Determinate Forecasting in General OLG Models, Stephen Spear (Carnegie)

12:15-2:00             Lunch