PER KRUSELL (CV May 2021) Main Affiliation and Address Institute For
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The Econometric Society European Region Aide Mémoire
The Econometric Society European Region Aide M´emoire March 22, 2021 1 European Standing Committee 2 1.1 Responsibilities . .2 1.2 Membership . .2 1.3 Procedures . .4 2 Econometric Society European Meeting (ESEM) 5 2.1 Timing and Format . .5 2.2 Invited Sessions . .6 2.3 Contributed Sessions . .7 2.4 Other Events . .8 3 European Winter Meeting (EWMES) 9 3.1 Scope of the Meeting . .9 3.2 Timing and Format . 10 3.3 Selection Process . 10 4 Appendices 11 4.1 Appendix A: Members of the Standing Committee . 11 4.2 Appendix B: Winter Meetings (since 2014) and Regional Consultants (2009-2013) . 27 4.3 Appendix C: ESEM Locations . 37 4.4 Appendix D: Programme Chairs ESEM & EEA . 38 4.5 Appendix E: Invited Speakers ESEM . 39 4.6 Appendix F: Winners of the ESEM Awards . 43 4.7 Appendix G: Countries in the Region Europe and Other Areas ........... 44 This Aide M´emoire contains a detailed description of the organisation and procedures of the Econometric Society within the European Region. It complements the Rules and Procedures of the Econometric Society. It is maintained and regularly updated by the Secretary of the European Standing Committee in accordance with the policies and decisions of the Committee. The Econometric Society { European Region { Aide Memoire´ 1 European Standing Committee 1.1 Responsibilities 1. The European Standing Committee is responsible for the organisation of the activities of the Econometric Society within the Region Europe and Other Areas.1 It should undertake the consideration of any activities in the Region that promote interaction among those interested in the objectives of the Society, as they are stated in its Constitution. -
The Lucas Critique – Is It Really Relevant?
Working Paper Series Department of Business & Management Macroeconomic Methodology, Theory and Economic Policy (MaMTEP) No. 7, 2016 The Lucas Critique – is it really relevant? By Finn Olesen 1 Abstract: As one of the founding fathers of what became the modern macroeconomic mainstream, Robert E. Lucas has made several important contributions. In the present paper, the focus is especially on his famous ‘Lucas critique’, which had tremendous influence on how to build macroeconomic models and how to evaluate economic policies within the modern macroeconomic mainstream tradition. However, much of this critique should not come as a total surprise to Post Keynesians as Keynes himself actually discussed many of the elements present in Lucas’s 1976 article. JEL classification: B22, B31 & E20 Key words: Lucas, microfoundations for macroeconomics, realism & Post Keynesianism I have benefitted from useful comments from Robert Ayreton Bailey Smith and Peter Skott. 2 Introduction In 1976, Robert Lucas published a contribution that since has had an enormous impact on modern macroeconomics. Based on the Lucas critique, the search for an explicit microfoundation for macroeconomic theory began in earnest. Later on, consensus regarding methodological matters between the New Classical and the New Keynesian macroeconomists emerged. That is, it was accepted that macroeconomics could only be done within an equilibrium framework with intertemporal optimising households and firms using rational expectations. As such, the representative agent was born. Accepting such a framework has of course not only theoretical consequences but also methodological ones as for instance pointed out by McCombie & Pike (2013). Not only should macroeconomics rest upon explicit and antiquated, although accepted, microeconomic axioms; macroeconomic theory also had to be formulated exclusively by use of mathematical modelling1. -
Seminar Paper No. 704 the SURVIVAL of the WELFARE
Seminar Paper No. 704 THE SURVIVAL OF THE WELFARE STATE by John Hassler, José Vicente Rodríguez Mora, Kjetil Storesletten, and Fabrizio Zilibotti INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES Stockholm University Seminar Paper No. 704 THE SURVIVAL OF THE WELFARE STATE by John Hassler, José Vicente Rodríguez Mora, Kjetil Storesletten, and Fabrizio Zilibotti Papers in the seminar series are also published on internet in Adobe Acrobat (PDF) format. Download from http://www.iies.su.se/ Seminar Papers are preliminary material circulated to stimulate discussion and critical comment. December 2001 Institute for International Economic Studies S-106 91 Stockholm Sweden Wkh Vxuylydo ri wkh Zhoiduh VwdwhÆ Mrkq Kdvvohu/_Mrvì Ylfhqwh Urguðjxh} Prud/h Nmhwlo Vwruhvohwwhq//= dqg Ideul}lr ]lolerwwl/g Ghfhpehu 5334 Devwudfw Wklv sdshu surylghv dq dqdo|wlfdo fkdudfwhul}dwlrq ri Pdunry shuihfw htxloleuld lq d srolwlfr0hfrqrplf prgho zlwk uhshdwhg yrwlqj/ zkhuh djhqwv yrwh ryhu glvwruwlrqdu| lqfrph uhglvwulexwlrq1 Wkh nh| ihdwxuh ri wkh wkhru| lv wkdw wkh ixwxuh frqvwlwxhqf| ri uhglvwulexwlyh srolflhv ghshqgv srvlwlyho| rq wkh fxuuhqw ohyho ri uhglvwulexwlrq/ vlqfh wklv dhfwv erwk sulydwh lqyhvwphqwv dqg wkh ixwxuh glvwulexwlrq ri yrwhuv1 Djhqwv yrwh udwlrqdoo| dqg ixoo| dqwlflsdwh wkh hhfwv ri wkhlu srolwlfdo fkrlfh rq erwk sulydwh lqfhqwlyhv dqg ixwxuh yrwlqj rxwfrphv1 Wkh prgho ihdwxuhv pxowlsoh htxloleuld1 Lq sur0 zhoiduh htxloleuld/ erwk zhoiduh vwdwh srolflhv dqg wkhlu hhfwv rq glvwulexwlrq shuvlvw iruhyhu1 Lq dqwl0zhoiduh htxloleuld/ hyhq d pdmrulw| -
FABRIZIO ZILIBOTTI Tuntex Professor of International and Development Economics, Webpage
FABRIZIO ZILIBOTTI Tuntex Professor of International and Development Economics, Webpage: https://campuspress.yale.edu/zilibotti/ Department of Economics Email: [email protected] Yale University Tel: +1 (203) 432 9561 28 Hillhouse Avenue New Haven, CT 06520-8268 PERSONAL DATE OF BIRTH: September 7, 1964 NATIONALITY: Italian Married, one daughter EDUCATION London School of Economics Ph.D. 1994 London School of Economics M.Sc. 1991 Università di Bologna Laurea (summa cum laude) 1989 TITLE OF PHD THESIS: Endogenous Growth and Underdevelopment Traps: A Theoretical and Empirical Analysis. Supervisor: Prof. Charles Bean. AWARDS, FELLOWSHIPS AND HONOURS Sun Yefang Award 2012 - China’s highest ranked award in economics (granted for the paper “Growing Like China”, American Economic Review 2011) Yrjö Jahnsson Award 2009 – Best economist in Europe under 45 (joint with John van Reenen) Ciliegia d’Oro Award 2009 - Distinguished personality from Emilia Romagna (previous laureates include Enzo Ferrari, Luciano Pavarotti, etc.) Honorary Master of Arts degree (M.A., privatim) Yale University, 2018 President of the European Economic Association, 2016 Fellow of the Econometric Society Fellow of the National Bureau of Economic Research (NBER) Member of the Academia Europaea, honoris causa CEPR Research Fellow CESifo Research Network Fellow Member of the Scientific Board of the Foundation “The Barcelona Graduate School of Economics” Co-Director of the NBER Summer Institute Econ. Fluctuations Group on Income Distribution & Macroeconomics EDITORIAL -
The New Political Economy
The New Political Economy Timothy Besley London School of Economics November 8, 2004 1 Introduction It is a great honour to give this year’sKeynes lecture. I have chosen as my subject the New Political Economy, a body of research and thinking that has ‡ourished in the past …fteen years or so at the interface between economics and politics. At the margin the New Political Economy reverses the split that occurred between the disciplines of economics and political science at the end of the nineteenth century. The aim of the New Political Economy is to understand important issues that arise in the policy sphere.1 It is not, as is occasionally hinted, an e¤ort by economists to colonize political science. Rather, the main concern is to extend the competence of economists to analyze issues that require some facility with economic and political decision making. This lecture is not in any sense a survey of the …eld. It is a highly selective and personal view of the motivation behind the …eld and some of the key themes that link the literature. Thus, it represents a manifesto presented in the hope that somebody who encounters these ideas for the …rst time here might be tempted to delve further into the literature and even contribute to it. This paper is based on the Keynes lecture delivered at the British Academy on October 13th 2004. I am indebted to Pete Boetkke, Mary Morgan and Torsten Persson for helpful comments on an earlier draft of this lecture and Steve Coate for numerous illuminating discussions. -
Market Power and Regulation
THE PRIZE IN ECONOMIC SCIENCES 2014 POPULAR SCIENCE BACKGROUND Market power and regulation Jean Tirole is one of the most infuential economists of our time. He has made important theoretical research contributions in a number of areas, but most of all he has clarifed how to understand and regulate industries with a few powerful frms. Tirole is awarded this year’s prize for his analysis of market power and regulation. Regulation is difficult Which activities should be conducted as public services and which should be left to private frms is a question that is always relevant. Many governments have opened up public monopolies to private stakeholders. This has applied to industries such as railways, highways, water, post and telecom- munications – but also to the provision of schooling and healthcare. The experiences resulting from these privatizations have been mixed and it has often been more difcult than anticipated to get private frms to behave in the desired way. There are two main difculties. First, many markets are dominated by a few frms that all infuence prices, volumes and quality. Traditional economic theory does not deal with this case, known as an oligopoly, instead it presupposes a single monopoly or what is known as perfect competition. The second difculty is that the regulatory authority lacks information about the frms’ costs and the quality of the goods and services they deliver. This lack of knowledge often provides regulated frms with a natural advantage. Before Tirole In the 1980s, before Tirole published his frst work, research into regulation was relatively sparse, mostly dealing with how the government can intervene and control pricing in the two extremes of monopoly and perfect competition. -
Programme Booklet
Programme 6th Lindau Meeting on Economic Sciences 23 – 26 August 2017 MEETING APP TABLE OF CONTENTS WANT TO STAY UP TO DATE? Download the Lindau Nobel Laureate Meetings App. Available in Android and iTunes app stores. (“Lindau Nobel Laureate Meetings”) Scientific Programme page 8 About the Meetings page 34 • Up-to-date programme info & details • Session abstracts Supporters page 38 • Ask questions during panel discussions • Participate in polls and surveys Maps page 46 • Interactive maps • Connect to other participants Good to Know page 54 • Social media integration Download the app (Lindau Nobel Laureate Meetings) in Android, iTunes or Windows Phone app stores. Within the app, use the passphrase “marketpower” to download the guide for the 6th Lindau Meeting on Economic Sciences. 2 3 WELCOME WELCOME The 6th Lindau Meeting on Economic Sciences takes place during a climate With every meeting, we aim to further increase the opportunities of dia- of intense debate in society and science. Radical ideologies and re-emerging logue between laureates and young economists. This year, we are expand- separatist or nationalist sentiments add to a growing sense of insecurity ing formats of exchange into afternoon seminars: Selected economists will and isolation. Recent political decisions and their consequences are signs of have the opportunity to present their work to a group of laureates. Com- a global volatility. Further uncertainty is created by the trend of post-factual munication during the week will be improved by a meeting app that allows statements and science denial in public discourse. James J. Heckman gives up-to-date programme information. a possible response to this dilemma in a video on the future of economics: The Lindau Science Trail, a public exhibition project integrating science into “Empirical economics that’s grounded in solid data is a vaccine against this the Lindau city space, is a new addition to our outreach efforts as part of our post-truth world.” “Mission Education”. -
Annual Report 2005/2006
INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES Stockholm University Annual Report 2005/2006 Research Activities Staff and Organization Publications Front Cover: Olle Baertling, Irga, 1965, Oil on canvas 180 x 92. Back Cover: Annika Andreasson, Autumn Campus, 2005. ISSN 1104-4195 The Institute for International Economic Studies Stockholm University Mail Address: S-106 91 Stockholm Street Address: Universitetsvägen 10 A, 8th floor Telephone: +46 8 16 20 00 Facsimile: +46 8 16 14 43 Director: Administration: TORSTEN PERSSON CHRISTINA LÖNNBLAD (Head) ANNIKA ANDREASSON Deputy Director: ÅSA BORNSTRÖM ASTRID WÅKE MATS PERSSON Board of Governors: Publications: KÅRE BREMER, Professor, President of MATS PERSSON Stockholm University ANNIKA ANDREASSON LARS HEIKENSTEN, Member of the European Court of Auditors (from Visitors Program and Seminars: April 1, 2006) DAVID STRÖMBERG ULF JAKOBSSON, Director of the JAKOB SVENSSON Industrial Institute for Economic and FABRIZIO ZILIBOTTI Social Research (until December 31, CHRISTINA LÖNNBLAD 2005) LEIF LINDFORS, University Director Research Assistants: SVEN-OLOF LODIN, Professor DAVID VON BELOW KARL O. MOENE, Professor DARIO CALDARA LARS-GÖRAN NILSSON, Professor ERIK MEYERSSON MATS PERSSON, Professor TORSTEN PERSSON, Professor MICHAEL SOHLMAN, Executive Director of the Nobel Foundation ESKIL WADENSJÖ, Professor 1 Research Staff Visiting Fellows Professors ORIANA BANDIERA LARS CALMFORS London School of Economics HARRY FLAM TIM BESLEY JOHN HASSLER London School of Economics HENRIK HORN MICHELE BOLDRIN ASSAR LINDBECK University of Minnesota MATS PERSSON STEFANO DELLA VIGNA TORSTEN PERSSON University of California at Berkeley PETER SVEDBERG ARINDRAJIT DUBE FABRIZIO ZILIBOTTI University of California at Berkeley GENE GROSSMAN Visiting Professors Princeton University PER KRUSELL PAUL KLEIN KJETIL STORESLETTEN University of Western Ontario ETIENNE LEHMANN Research Fellows University of Paris II NICOLA GENNAIOLI JOSÉ V. -
Escaping the Climate Trap? Values, Technologies, and Politics∗
Escaping the Climate Trap? Values, Technologies, and Politics Tim Besleyyand Torsten Perssonz November 2020 Abstract It is widely acknowledged that reducing the emissions of green- house gases is almost impossible without radical changes in consump- tion and production patterns. This paper examines the interdependent roles of changing environmental values, changing technologies, and the politics of environmental policy, in creating sustainable societal change. Complementarities that emerge naturally in our framework may generate a “climate trap,”where society does not transit towards lifestyles and technologies that are more friendly to the environment. We discuss a variety of forces that make the climate trap more or less avoidable, including lobbying by firms, private politics, motivated scientists, and (endogenous) subsidies to green innovation. We are grateful for perceptive comments by Philippe Aghion, David Baron, Xavier Jaravel, Bård Harstad, Elhanan Helpman, Gilat Levy, Linus Mattauch, and Jean Tirole, as well as participants in a Tsinghua University seminar, and LSE and Hong Kong University webinars. We also thank Azhar Hussain for research assistance. Financial support from the ERC and the Swedish Research Council is gratefully acknowledged. yLSE, [email protected]. zIIES, Stockholm University, [email protected] 1 1 Introduction What will it take to bring about the fourth industrial revolution that may be needed to save the planet? Such a revolution would require major structural changes in production as well as consumption patterns. Firms would have to invest on a large scale in technologies that generate lower greenhouse gas emissions, and households would have to consume goods that produce lower emissions. Already these observations suggest that the required transformation can be reinforced by a key complementarity, akin to the one associated with so- called platform technologies (Rochet and Tirole 2003). -
Technological Change
14.461: Part I: Technological Change Daron Acemoglu August 29, 2013 This course will cover selected topics in theoretical and empirical analysis of technological change. The course will draw both on Acemoglu, Introduction to Modern Economic Growth, Princeton University Press, 2008, and various research articles. There will be three problem sets, which will count towards 30% of your final grade. The remaining 70% will be from a project due in November (exact time to be determined). This project will either be a proposal for a research article, or application of an empirical paper from a prearranged list, or a detailed critique and extension of an existing theoretical article. More details on the available choices for the project will be provided later. Course details: My e-mail: [email protected]. Lectures: TuTh 1-2:30, E51-361. Recitation: F 2:30-4, E51-361. Teaching Assistant: Dana Foarta e-mail: [email protected]. Topics Review of Basic Models of Endogenous Technological Progress (one lecture) Main reading: Acemoglu, Daron (2008) Introduction to Modern Economic Growth, Chap- ters 13 and 14. Aghion, Philippe and Peter Howitt (1992) “A Model of Growth Through Creative Destruction”Econometrica, 60, pp. 323-351. Other references: Aghion, Philippe and Peter Howitt (2008) The Economics of Growth, MIT, Cambridge. 1 Backus, David, Patrick J. Kehoe and Timothy J. Kehoe (1992) “In Search of Scale Effects in Trade and Growth.” Journal of Economic Theory, 58, pp. 377-409. Grossman, Gene and Elhanan Helpman (1991) “Quality Ladders in the The- ory of Growth”Review of Economic Studies, 58, pp. 43-61. -
Nber Working Paper Series Missing Growth From
NBER WORKING PAPER SERIES MISSING GROWTH FROM CREATIVE DESTRUCTION Philippe Aghion Antonin Bergeaud Timo Boppart Peter J. Klenow Huiyu Li Working Paper 24023 http://www.nber.org/papers/w24023 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 November 2017 We thank Raouf Boucekkine, Pablo Fajgelbaum, Colin Hottman and Stephen Redding for excellent discussions and Victoria De Quadros for superb research assistance. Ufuk Akcigit, Robert Feenstra, Chang-Tai Hsieh, Xavier Jaravel, Chad Jones, Per Krusell, Torsten Persson, Ben Pugsley, John Van Reenen and numerous seminar participants provided helpful comments. Opinions and conclusions herein are those of the authors and do not necessarily represent the views of the Federal Reserve System. All results have been reviewed to ensure that no confidential information from the U.S. Census Bureau or U.S. Bureau of Labor Statistics have been disclosed. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2017 by Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow, and Huiyu Li. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Missing Growth from Creative Destruction Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow, and Huiyu Li NBER Working Paper No. 24023 November 2017 JEL No. -
Aggregation and Aggregation Author(S): Marina Azzimonti, Per Krusell and Eva De Francisco Source: Journal of the European Economic Association, Vol
Aggregation and Aggregation Author(s): Marina Azzimonti, Per Krusell and Eva de Francisco Source: Journal of the European Economic Association, Vol. 6, No. 2/3, Proceedings of the Twenty-Second Annual Congress of the European Economic Association (Apr. - May, 2008), pp. 381-394 Published by: Oxford University Press Stable URL: http://www.jstor.org/stable/40282648 Accessed: 14-05-2018 19:15 UTC JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms Oxford University Press is collaborating with JSTOR to digitize, preserve and extend access to Journal of the European Economic Association This content downloaded from 129.49.100.163 on Mon, 14 May 2018 19:15:24 UTC All use subject to http://about.jstor.org/terms AGGREGATION AND AGGREGATION Marina Azzimonti Per Krusell University of Texas at Austin Princeton University Eva de Francisco Towson University Abstract We discuss economic aggregation and political aggregation in the context of a simple dynamic version of the canonical political-economy model - the Meltzer-Richard model. Consumers differ both in labor productivity and initial asset wealth and there is no physical capital. Under commitment over future tax policy, and for economic preferences that imply aggregation in assets and productivity, the induced policy preferences for individuals do not depend on any dis- tributional characteristics other than means.