Just a friendly reminder! 👇 Tom Phelan and I hope to see you in Cleveland! A hug. #EconTwitter

A thread on a revised version of: "A Model of Credit, Money, Interest, and Prices" with Sannikov Main message: "Large Central Bank Balance Sheets reduce macroeconomic insurance: they increase the effects of financial shocks and reduce the power of monetary policy."

We finished Summer School in Heterogeneous Agents in Asset Pricing Models at Cleveland State University (CSU). I am deeply grateful to CSU for its support, my friend and co-instructor Tom Phelan, and the outstanding participants! We rerun it in 2024!

We are very happy to work with you, Marco! This is the first project of a long-term journey! Marco Ortiz Sosa

Join us! The application is still open. II Summer School in Heterogeneous Agents in Asset Pricing

Applications close on April 28th. If you are interested in this vibrant area, join us! 👇 Hope to see you!

Applications close on April 28th. If you are interested in this vibrant area, join us! 👇Hope to see you!

We just wrapped up the 2nd Summer School in Heterogeneous Agents in Asset Pricing at Cleveland State University. I enjoyed our discussion with the PhD students. A big thank you to Tom Phelan (Cleveland Fed) and Stavros Panageas (UCLA) for their outstanding lectures and friendship