Thursday, August 25, 2011

Nobel Laureate Meeting at Lindau (fg)

Please find some enlightening speeches of Nobel Laureates at this year's meeting at Lindau including R. Mundell, J. Nash, R. Auman, E. Prescott, M. Scholes, W. Sharpe.

Mundell: Curreny Wars, Euro Mania, and the Price of Gold; he proposes an international Dollar/Euro fixed exchange rate system

UPDATE: The Financial Times (FTD) reports on Mundell's idea of a new exchange rate system.

Auman: Challenging Nash Equilibrium and the Role of Rational Expectations in Games; why the Nash equilibrium is flawed

Prescott: The Current State of Aggregate Economics; he reviews aggregate modeling and the role of disutility from work.