SCIENTIFIC PROGRAMS AND ACTIVITIES

November 21, 2024
THE FIELDS INSTITUTE FOR RESEARCH IN MATHEMATICAL SCIENCES

October 31 to November 2, 2013
Mathematics for New Economic Thinking
An INET Workshop at the Fields Institute

Organizers:
Matheus Grasselli (Fields), Marshall Auerback (INET)


Schedule

Thursday October 31, 2013
8:45- 9:00 Opening Remarks
9:00 - 9:30 Didier Sornette
Financial Bubbles with Finite-Singularity Models and their Calibration
9:45 - 10:15 Eric Tymoigne
Modeling Financial Fragility: A Minskian Approach (slides)
10:30 - 11:00 Coffee Break
11:00 -11:30 Alex Coram
Struggles over distribution with produced goods: a non-atomic game
11:45 - 12:15 Corrado Di Guilmi
Macroeconomic Instability and Microeconomic Financial Fragility: a Stock-flow Consistent Approach with Heterogeneous Agents (slides)
12:30 - 2:00 Lunch
2:00-2:30 Oliver Linton Talk Cancelled
Evaluating the Effects of Market Fragmentation on Market Quality using Panel Data
2:45-3:15 Michael Dempster
The True Cost of OTC Derivatives (slides)
3:30 - 4:00 Coffee Break
4:00 - 6:00

Panel: New Mathematical Techniques for Systemic Risk and Financial Fragility

Rene Carmona
Mean Field Games: Where do we Stand 7 years Later?

Jean-Pierre Fouque
Mean Field Games and Systemic Risk (slides)

Raphael Douady
A Non-cyclical Capital Adequacy Rule and the Aversion of Systemic Risk (slides)

Friday November 1, 2013
9:00 - 9:30 Perry Mehrling
Beyond Monetary Walrasianism: Five Key Features of Modern Monetary Systems
9:45 - 10:15 Paul Jenkins
Reflections of a Policy-Maker on the Design and Use of Macroeconomic Models
10:30 - 11:00 Coffee Break
11:00 -11:30 Mario Seccareccia
Banking Sector Viability and the Public Purse: Is There a Link between Public Sector Balances and Banking Sector Economic Performance? (slides)
11:45 - 12:15

Peter Skott
Fiscal Policy in an Unstable Economy (slides)

12:30 - 2:00 Lunch
2:00-2:30 Youngna Choi
Financial Instability Contagion: quantitative definition and mechanism (slides)
2:45-3:15 Marc Lavoie
Convergence Towards the Normal Rate of Capacity Utilization in Kaleckian Models: the Role of Autonomous Non-capacity Creating Autonomous Expenditures (slides)
3:30 - 4:00 Coffee Break
4:00 - 6:00 Panel: An Alternative Framework for Modeling Money

Randall Wray
The Nature of Money: A system of Credits and Debits (slides)

Stephanie Kelton
Fiscal Space and Financial Instability: A Differential Analysis (slides)
Saturday November 2, 2013
9:00 - 9:30 Pia Malaney
From Neoclassical Mechanics to Economic Field Theory
9:45 - 10:15 Eric Weinstein
Towards a Mathematics of New Economic Thinking for Reflexive Markets: A Natural Economic Connection on Preference Bundles over the Taste-Time Continuum
10:30 - 11:00 Coffee Break
11:00 -11:30 Leigh Tesfatsion
Situated Mathematics: Agent-Based Test Beds for Mathematics in Practice (slides)
11:45 - 12:15 Blake LeBaron
Key Components in Agent-based Financial Markets
12:30 - 2:00 Lunch
2:00-2:30

Andrew Lo
Origin of Behavior

2:45-3:15 Lane Hughston
Social Discounting and the Long Rate of Interest
3:30 - 4:00 Coffee Break
4:00 - 6:00 Panel: Revisting the Foundations

Hans Follmer
The Coin-Tossing View of Finance: Successes, Pitfalls, and Exercises in Mathematical Humility

Alan Kirman
The Crisis in Economic Theory: Have we Made a Journey Down the Wrong Road

Dilip Madan

Two-price Economies

 

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