8:00 - 8:55	Light Refreshments (Lobby 229 Ives Hall)
8:55 - 9:00	Karl Shell (Cornell), Introduction and Welcome (229 Ives Hall)
Saturday morning chair:  Neil Wallace (Penn State)
9:00 - 10:00	Ted Temzelides (Univesity of Pittsburgh) "Transactions, Settlement and Mechanism Design" (joint w/Thorsten Koeppl & Cyril Monnet)
10:00 - 10:10	Coffee Break (Lobby 229 Ives Hall)
10:10 - 11:10	Emilio Espino (Institute for Advanced Studies and Universidad de San Andrés) "Equilibrium Portfolios in the Neoclassical Growth Model"
11:10 - 12:10	Hale Utar (Penn State): "Industrial Evolution in Crisis-Prone Economies" (joint w/Eric Bond & James Tybout)
12:15 - 1:15	Lunch (229 Ives Hall)
Saturday afternoon chair:  Tao Zhu (Cornell)
1:30 - 2:30	Karl Shell (Cornell) "Capital Gains" Background Paper (joint w/Luis Aguiar-Conraria)
2:30 - 3:30	Chao Gu (Cornell) "Asymmetric Information and Bank Runs"
3:30 - 3:45	Coffee Break (229 Ives Hall)
3:45 - 4:45	Svetlana Demidova (Penn State) "Productivity Improvements and Falling Trade Costs: Boon or Bane?"
7:30	Dinner at Karl & Susan Shell's                      Unfortunately, because of capacity constraints, we cannot invite 917 Wyckoff Road, 607-272-3579              first-year students to dinner this year.

SUNDAY, October 2
G01 Biotechnology Bldg.

8:00 - 9:00	Light Refreshments (Conference Foyer)
Sunday morning chair:  Karl Shell (Cornell)
9:00 - 10:00	Peng-Fei Wang (Cornell) "Can Sticky Information Explain Inflation Dynamics? A Cross Country Investigation:" (joint w/Yi Wen)
10:00 - 10:10	Coffee Break (Conference Foyer)
10:10 - 11:10	Gustavo Ventura (Penn State) "Sources of Life-Cycle Inequality" (joint w/Amir Yaron & Mark Huggett)
11:10 - 12:10	Assaf Razin (Cornell/Tel Aviv) "Globalization and Inflation-Output Tradeoffs" (joint w/Prakash Ioungani)
12:10 - 1:10	Box Lunch (Lobby G01 Biotech Bldg.)