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DTSTART:20070311T020000
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BEGIN:VEVENT
DTSTAMP:20261015T111121
DTSTART;TZID=America/Detroit:20261030T143000
DTEND;TZID=America/Detroit:20261030T155000
SUMMARY:Workshop / Seminar:The Robust Properties of Economies with Endogenous Production Networks (joint with Simone Cerreia-Vioglio\, Roberto Corrao\, and Joel Flynn)
DESCRIPTION:We characterize equilibria in a canonical class of economies with endogenous production networks\, showing that log-prices equal a min-max over networks of a primitive affine function of log-productivities. This formula captures how resilience and fragility interact: the “min” reflects resilience from substituting suppliers\, while the “max” reflects fragility from complementarity-induced rigidity. Applying these results\, we generalize Hulten's theorem\, finding that local Domar weights are generally insufficient to describe propagation of even small shocks. Moreover\, we characterize how microeconomic volatility affects GDP\, finding that smooth changes in Domar weights overstate its adverse effects by omitting option value from switching suppliers.
UID:149502-21906529@events.umich.edu
URL:https://events.umich.edu/event/149502
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar,Theory
LOCATION:North Quad - 4300
CONTACT:
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BEGIN:VEVENT
DTSTAMP:20260721T143517
DTSTART;TZID=America/Detroit:20261113T143000
DTEND;TZID=America/Detroit:20261113T155000
SUMMARY:Workshop / Seminar:Economic Theory Seminar: Friday\, November 13
DESCRIPTION:--
UID:149503-21906530@events.umich.edu
URL:https://events.umich.edu/event/149503
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar,Theory
LOCATION:North Quad - 4300
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260726T180939
DTSTART;TZID=America/Detroit:20261117T130000
DTEND;TZID=America/Detroit:20261117T142000
SUMMARY:Workshop / Seminar:Joint Economic Theory and Econometrics Seminar: Tuesday\, November 17
DESCRIPTION:--
UID:149504-21906531@events.umich.edu
URL:https://events.umich.edu/event/149504
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar,Theory
LOCATION:North Quad - 4300
CONTACT:
END:VEVENT
BEGIN:VEVENT
DTSTAMP:20260721T144256
DTSTART;TZID=America/Detroit:20261204T140000
DTEND;TZID=America/Detroit:20261204T155000
SUMMARY:Workshop / Seminar:Economic Theory Seminar: Friday\, December 4
DESCRIPTION:--
UID:149505-21906532@events.umich.edu
URL:https://events.umich.edu/event/149505
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,seminar,Theory
LOCATION:North Quad - 4300
CONTACT:
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