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Conference Recap

Conference
Speaker addressing a group of attendees at CORE Week
Conference
Mon., Dec. 13, 2021 - Fri., Dec. 17, 2021

CORE Week, featuring the Monetary Economics Conference

The Collaboration of Research Economists (CORE) model combines frontier research and an innovative delivery method to advance collaboration within the economics profession.

The CORE model consists of eight CORE Weeks per year. During each week, visiting economists from a range of disciplines will join with Richmond Fed economists for seminars, conferences, and formal and informal networking and collaboration—all with an eye toward advancing economic research.

Video is temporarily unavailable.

December’s CORE Week featured contributions from the large number of visiting economists who are highlighted below. This week’s agenda included additional lectures and new opportunities for engagement. 

  • Fernando Alvarez

    1 of 6 Fernando Alvarez presenting a lecture titled “Mean Field Games.”

  • Hugo Hopenhayn

    2 of 6 Hugo Hopenhayn presenting “Big Push in Distorted Economies.”

  • Chen Yeh

    3 of 6 Chen Yeh presenting “Monopsony in the U.S. Labor Market.”

  • Randall Wright

    4 of 6 Randall Wright presenting “Toxic Assets and Market Freezes.”

  • Bruno Saltanum

    5 of 6 Bruno Sultanum presenting “Is Money Essential?”

  • Daniela Puzzello

    6 of 6 Daniela Puzzello presenting “Bargaining Under Liquidity Constraints: Nash vs. Kalai in the Laboratory.”

Learn More

Read about the topics covered during the Monetary Economics Conference in this Economic Brief.

Additional details about the research conducted by Mark Bils (University of Rochester) and Niklas Engbom (New York University) can be gathered from The Flow of Human Capital.

Presenters and Visiting Economists

Daniela Puzzello

Daniela Puzzello

Indiana University
Fernando Alvarez

Fernando Alvarez

University of Chicago
Guillaume Rocheteau

Guillaume Rocheteau

University of California, Irvine
Hugo Hopenhayn

Hugo Hopenhayn

UCLA
Mark Bils

Mark Bils

University of Rochester
Niklas Engbom

Niklas Engbom

NYU
Randall Wright

Randall Wright

University of Wisconsin
Ricardo Lagos

Ricardo Lagos

NYU
Shengxing Zhang

Shengxing Zhang

The London School of Economics & Political Science
David Andolfatto

David Andolfatto

Federal Reserve Bank of St. Louis
Boyan Jovanovic

Boyan Jovanovic

NYU
Esteban Rossi-Hansberg

Esteban Rossi-Hansberg

University of Chicago
headshot of Nobuhiro Kiyotaki

Nobuhiro Kiyotaki

Princeton University
headshot of Bruno Sultanum

Bruno Sultanum

Federal Reserve Bank of Richmond
headshot of Russell Wong

Russell Wong

Federal Reserve Bank of Richmond
headshot of Chen Yeh

Chen Yeh

Federal Reserve Bank of Richmond
headshot of Paul Ho

Paul Ho

Federal Reserve Bank of Richmond

Agenda

Titles listed where decided.

  • Monday, Dec. 13, 2021
    12:30 pm

    Economist Lunch

    02:30 pm
    Visitor Seminar: Fernando Alvarez (University of Chicago) presenting the paper, “Price Settings with Strategic Complementarities as a Mean Field Game,” joint with Francesco Lippi and Panagiotis Souganidis
    04:00 pm

    Collaboration Hour

  • Tuesday, Dec. 14, 2021
    10:30 am

    Visitor Seminar: Niklas Engbom (NYU) presenting the paper, “Labor Market Fluidity and Human Capital Accumulation”

    02:30 pm

    Visitor Seminar: Mark Bils (University of Rochester) presenting the paper, “Labor Substitutability among Schooling Groups,” joint with Baris Kaymak and Kai-Jie Wu

    04:00 pm

    Visitor Lecture: Fernando Alvarez (University of Chicago) presenting a lecture titled "Mean Field Games, Part One"

  • Wednesday, Dec. 15, 2021
    10:00 am

    Visitor Seminar: Hugo Hopenhayn (UCLA) presenting the paper "Big Push in Distorted Economies"

    02:30 pm

    Seminar: Chen Yeh (FRBR), presenting the paper “Monopsony in the U.S. Labor Market”, joint with Brad Hershbein and Claudia Macaluso

    03:30 pm

    Exploring Richmond: Canal Walk

    04:00 pm

    Visitor Lecture: Fernando Alvarez (University of Chicago) presenting a lecture titled "Mean Field Games, Part Two"

  • Thursday, Dec. 16, 2021
    10:30 am

    Seminar: Paul Ho (FRBR), presenting the paper “Survey Data and Subjective Beliefs in Business Cycle Models”, joint with Anmol Bhandari and Jaroslav Borovička

    02:30 pm

    Visitor Seminar: Shengxing Zhang (The London School of Economics & Political Science), presenting the paper, “Credit Horizons,” joint with Nobuhiro Kiyotaki and John Moore

  • Friday, Dec. 17, 2021
    08:30 am

    Monetary Economics Conference

    Breakfast

    09:00 am

    Bruno Sultanum (FRBR) presenting the paper, “Is Money Essential?”

    09:40 am

    Randall Wright (University of Wisconsin – Madison) presenting the paper, “Toxic Assets and Market Freezes”

    10:40 am

    Daniela Puzzello (Indiana University) presenting "Bargaining Under Liquidity Constraints: Nash vs. Kalai in the Laboratory", joint with J. Duffy and L. Lebeau

    11:20 am

    Guillaume Rocheteau (University of California, Irvine) presenting the paper, “A Model of Retail Banking”

    01:00 pm

    Ricardo Lagos (NYU)

    01:40 pm

    David Andolfatto (FRBSTLS) presenting the paper "Shadow Bank Run"

    02:40 pm

    Russell Wong (FRBR) presenting the paper, “Disintermediating the federal funds market”

Future CORE Weeks

2022

  • May 9 – May 13
  • June 21 – June 24
  • August 1 – August 5
  • September 26 – September 30
  • November 7 – November 10
  • December 12 – December 16

Previous CORE Weeks

2021

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