CIGS Conference on Macroeconomic Theory and Policy 2016

Presentations and papers

Opening Remarks

• Toshihiko Fukui
  President, The Canon Institute for Global Studies

  

Presentation

• Presenter: Martin Schneider (Stanford University)
  "Uncertainty Aversion and Heterogeneous Beliefs in Linear Models"
  (with Cosmin Ilut and Pavel Krivenko)

  • Presentation slidesPDF：200KB
  • PaperPDF：279KB
  

• Presenter: Hikaru Saijo (University of California, Santa Cruz)
  "Learning, Confidence, and Business Cycles" (with Cosmin Ilut)

  • Presentation slidesPDF：447KB
  • PaperPDF：487KB
  

• Presenter: Yongseok Shin (Washington University in St. Louis)
  "Managing a Polarized Structural Change" (with Sang Yoon (Tim) Lee)

  • Presentation slidesPDF：1021KB
  • PaperPDF：705KB
  

• Presenter: Tomoyuki Nakajima (Kyoto University)
  "A Theory of nonperforming loans and debt restructuring" (with Keiichiro Kobayashi)

  • Presentation slidesPDF：319KB
  

• Presenter: Mikhail Golosov (Princeton University)
  "Fiscal Policy and Debt Management with Incomplete Markets"
  (with Anmol Bhandari, David Evans, Thomas J.Sargent)

  • Presentation slidesPDF：316KB
  • PaperPDF：1030KB
  

• Presenter: Hitoshi Tsujiyama (Goethe University Frankfurt)
  "Optimal Income Taxation: Mirrlees Meets Ramsey" (with Jonathan Heathcote)

  • Presentation slidesPDF：1180KB
  • PaperPDF：1289KB
  

• Presenter: Martin Eichenbaum (Northwestern University)
  "Does the New Keynesian Model Have a Uniqueness Problem?"
  (with Lawrence J. Christiano, Benjamin K. Johannsen)

  • Presentation slidesPDF：311KB
  • PaperPDF：456KB
  

• Presenter: Monika Piazessi (Stanford University)
  "Payments, Credit and Asset Prices" (with Martin Schneider)

  • Presentation slidesPDF：254KB
  • PaperPDF：470KB
  

• Presenter: Fumio Hayashi (The National Graduate Institute for Policy Studies)
  "Affine Term Structure Pricing with Bonds Supply As Factors"

  • Presentation slidesPDF：292KB
  • PaperPDF：186KB
  

• Presenter: Ricardo Lagos (New York University)
  "Turnover Liquidity and the Transmission of Monetary Policy" (with Shengxing Zhang)

  • Presentation slidesPDF：1754KB
  • PaperPDF：1723KB
  

• Presenter: Shouyong Shi (Pennsylvania State University)
  "Endogenously Procyclical Liquidity, Capital Reallocation, and q" (with Melanie Cao)

  • Presentation slidesPDF：351KB
  • PaperPDF：387KB
  

Closing Remarks

• Selahattin Imrohoroglu (USC Marshall School of Business)