9-th Hydra Workshop on Dynamic Macroeconomics - Alghero, Sardegna, Italy, September 30 - October 1, 2011
Day 1 (Thursday, September 29)
20:00: Reception – Light dinner
Day 2 (Friday, September 30)
Chair: TBA
09:30-10:30
The Dynamics of Sovereign Debt Crises and Bailouts [download]
Harald Uhlig (University of Chicago, CentER, NBER and CEPR)
Discussant: Antti Ripatti (University of Helsinki)
10:30-10:40 Coffee break
10:40-11:40
Bailouts, Time Inconsistency and Optimal Regulation [download]
Patrick Kehoe (Princeton University)
Discussant: Oreste Tristani (ECB)
11:40-12:40
Competitive Equilibrium in Asset Markets with Adverse Selection [download]
Robert Shimer (University of Chicago)
Discussant: Nicolas Trachter (EIEF)
12:45-13:45 Lunch
Chair: TBA
13:45-14:45
Idea Flows, Economic Growth, and Trade [download]
Fernando Alvarez (University of Chicago)
Discussant: John Leahy (NYU)
14:45-15:45
The Optimum Quantity of Money with Borrowing Constraints [download]
Francesco Lippi (EIEF)
Discussant: Pedro Teles (Bank of Portugal)
17:30 Tour of Alghero
20:00 Dinner at the restaurant “Il Pavone”, Alghero
Day 3 (Saturday, October 1)
Chair: TBA
09.30-10.30
Fiscal Multipliers in Recessions [download]
Behzad Diba (Georgetown University)
Discussant: Harald Uhlig (University of Chicago)
10.30-11.30
The Real Exchange Rate, Real Interest Rates, and the Risk Premium [download]
Charles Engel (University of Wisconsin)
Discussant: TBA
11:30-11:40 Coffee break
11.40-12.50
Decentralization, Communication, and the Origins of Fluctuations [download]
George-Marios Angeletos (MIT)
Discussant: Dirk Krueger (University of Pennsylvania)
12:50-13:50 Lunch
Chair: TBA
13.50-14.50
Hayek vs. Keynes: Dispersed Information and Market Prices in a Price-Setting Model [download]
Christian Hellwig (Toulouse University)
Discussant: Luigi Paciello (EIEF)
17:00 Boat excursion and visit to Neptune’s Caves
20:00 Dinner at the restaurant “La Nuvola”, Porto Conte
Organizer
Harris Dellas (University of Bern)
Hosts
DEIR (University of Sassari)
CRENOS(University of Sassari/University of Cagliari)
Sponsors
CRENOS
DEIR
EIEF
European Central Bank
Swiss National Bank
University of Bern