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If the Shift from August to October 2008 Did Not Convince You Financial Markets and the Macroeconomy Have Multiple Equilibria, There Is No Hope for You: Live from The Slanted Door

NewImageA very worthwhile project:

Roger Farmer of UCLA, and Jess Benhabib of NYU, are organizing a small group conference on the topic of “Multiple Equilibria and Financial Crises.” The conference is jointly sponsored by the NBER, the Federal Reserve Bank of San Francisco, and UCLA, and will be held at the Federal Reserve Bank of San Francisco on Thursday May 14th and Friday May 15th, 2015. The conference will last for a day and a half and will consist of nine papers with discussants.

The organizers are looking to put together a group of like-minded researchers working on both theoretical and empirical aspects of financial models of multiple equilibria. We expect that this will be the first of a series of meetings on this topic and we are particularly interested in developing a group of researchers that will remain in contact with each other and benefit from mutual interaction.

Participants will be selected on the basis of papers or abstracts of about 500 words, with a strong preference for papers. The deadline for submissions is February 15, 2015. Authors chosen to present papers will be notified by March 15, 2015. Final drafts of the papers will be due at the NBER on April 15, 2015. The NBER will pay the domestic travel and hotel expenses for one author per paper as well as for discussants at the conference.