Initiative for Policy Dialogue and Center for Political Economy’s Research Workshop

(30 minutes)

Registration and Breakfast

(15 minutes)

Opening Remarks by Joseph Stiglitz

(1 hour)

Session 1 – Microeconomics: Competition and Market Power

·       Federico Kochen, Center for Monetary and Financial Studies (CEMFI) — The Origins of Top Firms

·       Parijat Lal, Columbia University — Cooperatives, Competition, and Compensation

·       Felipe Lobel, Columbia University — Optimal Informality: A Mechanism Design Approach

·       Has van Vlokhoven, Tilburg University — The Rise in Profits and Fall in Firm Entry: A Tale of the Life Cycle of Profits

(20 minutes)

  Break

(1 hour & 15 minutes)

  Session 2 – Innovation and Structural Change

·       Felix Corell, VU Amsterdam — Trade, Competition, and Innovation: Evidence from Europe and the US

·       Bilge Erten, Northeastern University — The Impact of FDI Liberalization on Structural Transformation and Demographic Change: Evidence from China

·       Lukas Freund, Columbia University — For Whom the Bot Tolls: A Method to Estimate the Earnings Effects of AI

·       Michael Poyker, UT Austin and IZA — Crime and Privatization: Effect of Privatization on Economic Development in post-Soviet Russia

·       Clement Bohr, UCLA Anderson School of Management  — Engel’s Treadmill: A Theory of Balanced Growth and Perpetual Sectoral Turnover

(45 minutes)

Session 3 – Climate

·       Haaris Mateen, University of Houston — Climate Clubs, Participation and Efficiency: Can “Reparations” Help? (with Prajit Dutta)

·       Linus Mattauch, TU Berlin, Germany — Behavioural political economy: an application to climate policy in the European Union

·       Nils Kupzok, Columbia University, Center for Political Economy — Toward the Varieties of Climate Capitalism: Explaining the Uneven Green Fiscal Expansion

(15 minutes)

  Grab lunch for lunch session

(45 minutes)

  Session 4 ­– Lunch Talk

·       José Antonio Ocampo, Columbia University, Initiative for Policy Dialogue —  Reforming the Global Financial and Tax Agenda

·       Kevin Gallagher, Boston University, Global Development Policy Center — Earth to the IMF: Climate Change, Financial Stability, and Development

(30 minutes)

  Session 5 – Sovereign Debt

·       Cristián Cuevas, Universidad de los Andes — The Economics of Comparability of Treatment in Sovereign Debt Restructurings

·       Martín Guzmán, Columbia University SIPA, Initiative for Policy Dialogue, International Financial Architecture Reform and Sovereign Debt Sustainability

(20 minutes)

Break

(45 minutes)

Session 6 – Credit Markets

·       Mayuri Chaturvedi, University of Liverpool — Banking on Jobs: Impact of a Workfare Program on Formal Credit

·       Dario Laudati, Columbia University, Center for Political Economy — The political economy of banks and shadow banks competition

·       William D. O’Connell — Columbia University, Center for Political Economy — Plans are useless, but planning is indispensable: Success and failure in the resolution of Credit Suisse

(45 minutes)

  Session 7 – Networks

·       Stefano Battiston, University of Zurich and Ca’ Foscari University of Venice — Unstable by Design? Taming Systemic Risk in Endogenous Financial Networks

·       Agostino Capponi, Columbia University — Are Supply Networks Efficiently Resilient?

·       Margit Reischer, Georgetown University — From Micro Connections to Macro Persistence

(20 minutes)

  Break

(1 hour)

  Session 8 – Macroeconomics

·       Ignacio González, American University, Institute for Macroeconomic & Policy Analysis (IMPA) — Capacity Utilization, Markup Cyclicality, and Inflation Dynamics

·       Juan Herreño, University of California San Diego — The Causal Effects of Expected Depreciations

·       Tomohiro Hirano, Royal Holloway, University of London —Credit, Land Speculation, and Low-Interest-Rate Policy

·       Juan Antonio Montecino, American University, Institute for Macroeconomic & Policy Analysis (IMPA) — Market Power Wealth and the Macroeconomy

  Conference Dinner

(15 minutes)

  Registration and Breakfast

(1 hour)

  Session 9 ­– Inequality

·       Arjun Jayadev, Azim Premji University — Social networks and experienced inequality

·       Clara Martínez-Toledano, Imperial College London Business School — Private Capital Markets and Inequality

·       Jacob Robbins, University of Illinois at Chicago — The Distribution of Capital Gains in the United States

·       Philipp Wangner, University of Mannheim — Consumption, Wealth, and Income Inequality: A Tale of Tails

(45 minutes)

  Session 10 ­– Labor Markets

·       Sadhika Bagga, University of Rochester — Internal and External Labor Markets and Declining Dynamism

·       Justin Bloesch, Cornell University — Monopsony with Recruiting

·       Christopher Boone, University of Massachusetts Amherst — Employer market power and its implications for HR theory and practice”

(15 minutes)

  Break

11:15 am – 12:00 pm

(45 minutes)

Session 11 – Final Session

·       Michael Gould-Wartofsky, Columbia University, Center for Political Economy —  Austerity and the Rise of the Far Right: The Cases of the United States and the European Union, 2008 – 2020

·       Andrew Kosenko, Marist College — Overcoming Limits of Standard Models of Information, and Models of Memory

·       Andreas Schaab, UC Berkeley — The Time Inconsistency of Welfare Assessments

(15 minutes)

Closing Remarks by Joseph Stiglitz

Lunch