Information, capital markets, and investment.

Summary

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Conference

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Extract

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Information, capital markets, and investment.

Information, Capital Markets, and Investment

The NBER held a conference on "Information, Capital Markets, and Investment" in Cambridge on May 5-6. Research Associate R. Glenn Hubbard of Columbia University organized the following program:

Bruce C. Greenwald, Bell Communications Research;

Joseph E. Stiglitz, NBER and Stanford University;

and Andrew Weiss, NBER and Boston University,

"Models of Equity and Credit Rationing"

Discussant: Mark Gertler, NBER and University of

Wisconsin

Roger E. A. Farmer, University of California at Los

Angeles, "A.I.L. Theory and the Ailing Phillips Curve:

A Cont...

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