Toward an alternative macroeconomic analysis of microfoundations, finance-real economy dynamics and crises

The Workshop is organized by the Laboratory of Economics and Management (LEM) Sant'Anna School of Advanced Studies, Pisa and the Central European University, Budapest and sponsored by DIME - Dynamics of Markets and Institutions in Europe (Network of Excellence, European Union - 6th Framework Program) and Institute for New Economic Thinking (INET).

Program

A program and a list of participants can be found here. What follows is a list of background papers/slides ordered by their author(s)

• Giulio Bottazzi and Pietro Dindo, LEM, Sant'Anna School of Advanced Studies, Pisa
  • Evolution and Market Behavior with Endogenous Investment Rules (paper)
  • On the Informational Efficiency of Prices (slides)
• Robert Boyer, CEPREMAP, Paris and GREDEG, Sophia-Antipolis
  • Taking Seriously Finance: Macroeconomics after the Crisis (paper)
  • Taking Seriously Finance: Macroeconomics after the Crisis (slides)
• David Colander, Middlebury College, Vermont
  • How Economists Got It Wrong: A Nuanced Account (paper)
• Testimony Submitted to the Congress of the United States, House Science and Technology Committee (paper)
• The Keynesian Method, Complexity, and the Training of Economists (paper)
• Domenico Delli Gatti, Catholic University of Milan; Edoardo Gaffeo, University of Trento; Mauro Gallegati, Marche Politechnic University
  • Complex agent-based macroeconomics: a research agenda for a new paradigm (paper)
  • Financially Constrained Fluctuations in an Evolving Network Economy (slides)
• Giovanni Dosi and Giorgio Fagiolo, LEM, Sant'Anna School of Advanced Studies, Pisa; Andrea Roventini, University of Verona
  • Schumpeter Meeting Keynes: A Policy-Friendly Model of Endogenous Growth and Business Cycles (paper)
  • Technical Change, Finance, and Public Policies in an Evolutionary Model of Endogenous Growth and Fluctuations (slides)
  • The Econometrics of Agent-Based Macromodels (slides)
• David F. Hendry, Department of Economics, University of Oxford; Grayham E. Mizon, Division of Economics, School of Social Sciences, University of Southampton
  • On the Mathematical Basis of Inter-temporal Optimization (paper)
• Cars Hommes, CeNDEF, University of Amsterdam
  • The Heterogeneous Expectations Hypothesis: Some Evidence from the Lab (paper)
  • Some Reflections on Agent-Based Models, Bounded Rationality and Heterogeneous Expectations (slides)
• Soren Johansen and Theis Lange, University of Copenhagen
  • A probability analysis of the Blanchard-Watson bubble model (paper)
  • An econometric analysis of the Blanchard-Watson bubble model (slides)
• Katarina Juselius, University of Copenhagen
  • Testing Exchange Rate Models Based on Rational Expectations versus Imperfect Knowledge Economics: A Scenario Analysis (paper)
  • Testing Exchange Rate Models Based on Rational Expectations versus Imperfect Knowledge Economics: A Scenario Analysis (slides)
• Alan Kirmam, GREQAM, Universite' Paul Cezanne, EHESS, IUF
  • Towards a Fully Fldged Microfounded Macroeconomics (slides)
  • Complex Dynamics in Action (slides)
• Anton Korinek, University of Maryland
  • Finance-Real Transmission Mechanisms Financial Amplification and Externalities (slides)
• Jan Kregel, The Levy Economics Institute of Bard College
  • Draft Remarks prepared for the Conference (paper)
• Axel Leijonhufvud, UCLA and University of Trento
  • The Nature of an Economy (slides)
• Gerald Silverberg, Maastricht University
  • Bistability, Bifurcations and Regime Changes in Economics and Finance (slides)
• Joseph Stiglitz, Columbia University
  • Rethinking Macroeconomics: What Went Wrong and How to Fix It (slides)
• Sidney G. Winter, Wharton School, University of Pennsylvania
  • Testimony Submitted to the Congress of the United States, House Science and Technology Committee (paper)

Date and Location

The meeting takes place 6-8 September 2010 in the Popper room of the Central European University, Budapest, Hungary.

Organizers

Scientific Committee

• Giovanni Dosi, LEM, Sant'Anna School of Advanced Studies, Pisa
  
• Alan Kirman, GREQAM, Universite' Paul Cezanne, IUF and EHESS, Marseille
  
• Marco Lippi, University of Rome "La Sapienza"
  
• Sidney Winter, Wharton School, University of Pennsylvania
  

Local Organizer

• Julius Horvath, Central European University