This event is part of Distributed Solutions to Complex Societal Problems View Details

Aggregate Dynamics in Models with Heterogeneous Agents

Description

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This conference invites participants to present and discuss current research on models with the following features. The heterogeneous agents feature refers to agents solving dynamic problems subject to idiosyncratic random shocks, each agent with non-trivial interactions with the remaining agents. The “aggregate dynamics”  feature refers to the focus on the understanding and characterization of the dynamics of the entire system, either itself subject to aggregate shock or as a deterministic system, using analytical or numerical techniques. Examples of such models are variants of Mean Field Games, but we are considering a broader set of complex societal problems. We expect to have presentation of models with applications in several fields in economics and intersections with other disciplines. 

Organizer

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F A
Fernando Alvarez Economics, University of Chicago

Speakers

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D A
David Argente Pennsylvania State University
A A
Adrien Auclert Stanford University
I B
Isaac Baley Universitat Pompeu Fabra
A B
Adrian Bilal Harvard University
K B
Katka Borovickova New York University
J F
Jesús Fernández-Villaverde University of Pennsylvania
J J L
Jen Jen La’O Columbia University
E L
Erzo Luttmer University of Minnesota, Twin Cities
M M
Marti Mestieri Federal Reserve Bank of Chicago
E O
Ezra Oberfield Princeton University
E P
Elisabeth Proehl University of Amsterdam

Schedule

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Wednesday, October 27, 2021
9:30-10:20 CDT
New Pricing Models, same Old Phillips Curves?

Speaker: Adrien Auclert (Stanford University)

11:00-11:50 CDT
The Macroeconomic Effects of Corporate Tax Reforms

Online only

Speaker: Isaac Baley (Universitat Pompeu Fabra)

14:00-14:50 CDT
Bounded Learning from Incumbent Firms

Speaker: Erzo Luttmer (University of Minnesota, Twin Cities)

Thursday, October 28, 2021
9:30-10:20 CDT
Existence and Uniqueness of Recursive Equilibria with Aggregate and Idiosyncratic Risk

Speaker: Elisabeth Proehl (University of Amsterdam)

11:00-11:50 CDT
Solving Heterogeneous Agent Models with the Master Equation

Speaker: Adrien Bilal (Harvard University)

14:00-14:50 CDT
Deep Learning for Macroeconomists

Online only

Speaker: Jesus Fernandez-Villaverde (University of Pennsylvania)

15:30-16:20 CDT
Optimal Monetary Policy in Production Networks

Online Only

Speaker: Jen-Jen La’O (Columbia University)

Friday, October 29, 2021
9:30-10:20 CDT
Structural Change in Innovation

Speaker: Marti Mestieri (Federal Reserve Bank of Chicago)

11:00-11:50 CDT
Plants in Space

Speaker: Ezra Oberfield (Princeton University)

14:00-14:50 CDT
Strategic Complementarity in Time Dependent Price Setting Models

Speaker: Katka Borovickova (New York University)

15:30-16:20 CDT
Strategic Complementarity in a Dynamic Model of Technology Adoption

Speaker: David Argente (Pennsylvania State University)


Videos

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New Pricing Models, same Old Phillips Curves?

Adrien Auclert
October 27, 2021

The Macroeconomic Effects of Corporate Tax Reforms

Isaac Baley
October 27, 2021

Bounded Learning from Incumbent Firms

Erzo Luttmer
October 27, 2021

Existence and Uniqueness of Recursive Equilibria with Aggregate and Idiosyncratic Risk

Elisabeth Proehl
October 28, 2021

Solving Heterogeneous Agent Models with the Master Equation

Adrien Bilal
October 28, 2021

Deep Learning for Macroeconomists

Jesus Fernandez-Villaverde
October 28, 2021

Optimal Monetary Policy in Production Networks

Jen-Jen La’O
October 28, 2021

Plants in Space

Ezra Oberfield
October 29, 2021

Strategic Complementarity in Time Dependent Price Setting Models

Katka Borovickova
October 29, 2021

Strategic Complementarity in a Dynamic Model of Technology Adoption

David Argente
October 29, 2021