CORNELL/PENN STATE MACROECONOMICS CONFERENCE
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