The conference presented theoretical and quantitative papers about default, maturity, dilution, and inflation, as well as fiscal policy design and modeling.

Papers represented a diversity of approaches in terms of model assumptions and features, but a common thread will be the use of modern dynamic macroeconomic theory to understand historical events and contemporary choices.

This conference was cosponsored by the Richard Paul Richman Center for Business, Law and Public Policy at Columbia University.

We gratefully acknowledge additional support for this program provided by Donald R. Wilson, Jr., AB ’88.