The World Economy in the 21st Century

Graduate School, Yale University
Department of Economics Reunion
April 16–18, 1999

Friday, April 16
4:00-5:30 PANEL 1: Economic Development, Economic Growth and International Trade
Moderator: Christopher Udry, 1991 Ph.D., Professor of Economics, Yale University
Nancy Birdsall, 1979 Ph.D., Carnegie Endowment for International Peace
    "Globalization and the Developing Countries: The Inequality Risk"
Jonathan Conning, 1996 Ph.D., Williams College
Mark Gersovitz, 1975 Ph.D., Johns Hopkins University
Terry Sicular, 1983 Ph.D., University of Western Ontario
    "Investment vs. Institutional Transformation to Promote Growth: Perspectives from China"
John Whalley, 1973 Ph.D., University of Western Ontario
6:30 RECEPTION AND DINNER
Janet Yellen, 1971 Ph.D., Chair, Council of Economic Advisers to the President
    "Yale Economics in Washington"
Saturday, April 17
9:00-10:30 PANEL 2: The United States Economy
Moderator:
 William Brainard, 1963 Ph.D., Arthur M. Okun, Professor of Economics Yale University
Edward Gramlich, 1965 Ph.D., Federal Reserve System
    "Macroeconomics Then and Now"
Van Doorn Ooms, 1965 Ph.D., Committee for Economic Development
    "The American Economy"
Edmund Phelps, 1959 Ph.D., Columbia University
    "Roundtable on the American Economy"
Jerome Stein, 1955 Ph.D., Brown University
    "International Finance and Debt"
Thomas Synnott III, 1968 Ph.D., U.S. Trust Company of New York
    "Comments"
11:00-12:30 PANEL 3: Are We in a Global Economic Crisis?
Moderator: Giuseppe Moscarini, Assistant Professor of Economics, Yale University
Guillermo Calvo, 1974 Ph.D., University of Maryland
    "On dollarization"
    "Understanding the Russian Virus with Special Reference to Latin America"
    "Capital Flows: Emerging Issues"
Jorge DeMacedo, 1979 Ph.D., University of Lisbon
    "Financial Crises: A Eurocentral Perception"
Barry Eichengreen, 1979 Ph.D., University of California, Berkeley
    "Are We in a Global Economic Crisis?"
Joao Sayad, 1976 Ph.D., University of Sao Paulo
Edwin Truman, 1967 Ph.D., Federal Reserve System
    "Are We in a Global Economic Crisis?"
12:30-2:00 LUNCH
José Antonio Ocampo, 1976 Ph.D., United Nations Economic Commission for Latin America and the Caribbean
    "Consensus and Divergence on International Financial Reform"
2:00-3:30 PANEL 4: Labor and Capital Markets
Moderator: Jenny Hunt, 1995 J.D., Associate Professor of Economics, Yale University
William Cline, 1969 Ph.D., Institute of International Finance
    "Trade and Income Distribution: The Debate and New Evidence"
Douglas Diamond, 1980 Ph.D., University of Chicago
    "Notes on Talk"
Koichi Hamada, 1965 Ph.D., Yale University
    "A Tale of Two Cities: Jakarta and New York"
Dan Hamermesh, 1968 Ph.D., University of Texas
Frank Levy, 1969 Ph.D., Massachusetts Institute of Technology
    "Comments"
Guillermo Mondino, 1991 Ph.D., IEERAL, Argentina
3:30-6:30 FREE TIME
6:30 RECEPTION AND DINNER
Jaime Serra
, 1979 Ph.D., Former Cabinet Minister for Finance of Mexico
Sunday, April 18
9:00-10:30 PANEL 5: Economic History: What Does it Have to Teach Us?
Moderator: Gustav Ranis '65 Ph.D., Frank Altschul Professor of  International Economics and Director, Yale Center for International an Area Studies
Jan de Vries, 1970 Ph.D., University of California, Berkeley
   "Comments"
Carol Heim, 1982 Ph.D., University of Massachusetts
   "Comments"
Margaret Levenstein, 1991 Ph.D., University of Michigan
    "Comments"
Joel Mokyr, 1971 Ph., University of Michigan
    "Is There a Theory of Economic History?"
Gary Saxonhouse, 1971 Ph.D., University of Michigan
    "Japan's Fiscal Past and Economic Future"
11:00-12:30 PANEL 6: Innovation, Technological Progress and Competition
Moderator: T.N. Srinivasan, 1962 Ph.D., Samuel C. Park Jr. Professor Economics and Chair, Economics Department, Yale University
Stanley Besen, 1964 Ph.D., Charles River Associates
    "Innovation, Competition, and the Theory of Network Externalities"
Richard Levin, 1974 Ph.D., Yale University
    "Remarks"
Paul MacAvoy, 1960 Ph.D., Yale University
    "Fragmentation and Synthesis in the Economics of Industries"
Alan Sykes, 1982 J.D., 1987 Ph.D., University of Chicago
Sidney Winter, 1964 Ph.D., University of Pennsylvania
    "Remarks"
12:30 INTERNATIONAL AND DEVELOPMENT ECONOMICS LUNCH