Macroeconomics of Asset Price Bubbles

 

Conference co-sponsored by Department of Economics, University of Utah, and Levy Economics Institute of Bard College

(February 27, 2004)

 

Venue: Hinckley Caucus Room, 255 Orson Spencer Hall (OSH), University of Utah

 

 

PROGRAM

 

12:15:      Welcoming Remarks: Korkut Erturk & Dimitri Papadimitriou

 

12:30 – 2:30:  Session  I: The US Economy in Perspective: Past, Present and the Future

 

                        Chair: Ken Jameson

 

Dimitri Papadimitriou: “Where is the US Economy at? A Strategic Analysis”

 

Robert Parenteau: “The Financial Report Card of the US Household Sector”

 

Lance Taylor & Codrina Rada: “Debt-Equity Cycles in the 20^th Century: Empirical Evidence and a Dynamic Keynesian Model.”

 

Jane D’Arista: “The Failure of Monetary Control.”

 

2:30 – 3:00   General Discussion.    Discussants: Jane D’Arista, Codrina Rada, Lance Girton, Tom Palley

3:00 – 3:30   Coffee Break

 

3:30 – 5:30  Session  II:  Theoretical Approaches

                    

                    Chair: Dimitri Papadimitriou

 

Korkut Erturk: “Macroeconomics of Speculation.”

 

Elena Asparouhova: “Un-Orthodox Approach to Finance.”

 

Amit Bhaduri:  “On the Stability of Profit- and Wage-Led Growth.”

 

Tom Palley: “The Economics of Debt Driven Business Cycles.”

 

5:30 – 6:00:   General Discussion.  Discussants: Amit Bhaduri, Lance Girton, Lance Taylor, Matias Vernengo

6:00 – 6:15:                           Closing Remarks.