Past Events

University of Tokyo, University of Southern California Conference on Economic Dynamics in Honor of Edward Prescott

Meeting room, 6F of the main Economics Building

Co-Sponsor / Backup:
CEMANO, "Center for the Research on Relationship between Market Economy and Non-Market Institutions" (Ministry of Education COE Program Grant) / CIRJE, The Center for International Research on the Japanese Economy / The Marshall School of Business, University of Southern California

* We are asking that all participants in the conference register in advance.
Registration page URL:

Thursday, November 2, 2006

8:00-8:30 Coffeebreakfast

Welcome Speech by Dean Kazuo Ueda

Nobuhiro Kiyotaki (Princeton University), "Housing and the Aggregate Economy",
Discussant: Dirk Krueger (Goethe University )

Ed Green (Pennsylvania State Universtiy), "Heterogeneous Producers Facing Common Shocks:
An Overlapping-Generations Example"
Discussant: Tomoyuki Nakajima (Kyoto University)

11:15-11:30 Coffee Break

Julen Esteban-Pretel (University of Tokyo), "The Informal Labor Market in Latin America"
Discussant: Steve Parente (University of Illinois)

13:00-14:00 Lunch at Miyamoto

Vincenzo Quadrini (USC), "Financial Innovations and Macroeconomic Volatility"
Discussant: Hisashi Nakamura (University of Tokyo)

Victor Rios-Rull (Pennsylvania University), "Cyclical Movements in Labor's Share and Business Cycles"
Discussant: Michele Boldrin (University of Minnesota)

16:30-16:45 Coffee Break

Ed Prescott (Arizona State University and Minneapolis Fed), "The Refined Equity Premium"
Discussant: Fumio Hayashi (University of Tokyo)

18:30-20:30 Reception

Friday, November 3, 2006

8:30-9:00 Coffeebreakfast

Mark Wright (UCLA), "Establishment Size Dynamics in the Aggregate Economy"
Discussant: Tom Cooley ( NYU Stern)

10:15-10:30 Coffee Break

10:30-11:45 Dirk Krueger (Goethe University), "The Irrelevance of Market Incompleteness for the Price of Aggregate Risk"
Discussant: Fernando Alvarez (University of Chicago)

11:45-13:00 Doug Joines (USC), "Social Security Reforms and Retirement Decisions"
Discussant: Javier Diaz-Gimenez (University of Madrid III)

13:00-14:00 Lunch

14:00-15:15 Ayse Imrohoroglu (USC), "Secular Movements in U.S. Saving and Consumption"
Discussant: Ellen McGrattan (Minneapolis Fed)

15:15-15:30 Coffee Break

15:30-16:45 Richard Rogerson (Arizona State Universtiy), "Product Market Regulation and Market Work"
Discussant: Gary Hansen (UCLA)

19:00-21:00 Dinner