NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

CREDIT CRISIS MEETING

 

Anil Kashyap and Luigi Zingales

 

November 20, 2008

 

Federal Reserve Bank of Boston

600 Atlantic Avenue

Boston, Massachusetts 02210

 

CORPORATE FINANCE PROGRAM MEETING

 

Holger Mueller and Joshua Rauh

 

November 21, 2008

 

Royal Sonesta Hotel

40 Edwin H. Land Boulevard

Cambridge, Massachusetts 02138

 

 

PRELIMINARY PROGRAM

 

THURSDAY, NOVEMBER 20:

 

 

         

CREDIT CRISIS MEETING

 

 

2:00 pm

MARTIN FELDSTEIN, Harvard University and NBER

 

How to Stop the Mortgage Crisis

 

 

 

The Problem is Still Falling House Prices: The Bailout Bill Doesn’t Get at the Root of the Credit Crunch

 

 

 

How to Help Negative Equity Homeowners

 

 

 

Discussant:  CHRISTOPHER MAYER, Columbia University and NBER

 

                  House Prices, Interest Rates, and the Mortgage Market Meltdown

 

 

3:00 pm

ARVIND KRISHNAMURTHY, Northwestern University and NBER

 

Financial Markets and the Crisis

 

 

4:00 pm

Coffee Break

 

 

4:30 pm

ART MURTON, Federal Deposit Insurance Corporation

 

ERIC ROSENGREN, Federal Reserve Bank of Boston

 

Regulatory Responses

 

 

5:30 pm

Reception

 

Federal Reserve Bank of Boston, Room T-31 (Tower 31st Floor)

 

 

6:30 pm

Shuttle Van from the Federal Reserve Bank Boston to the Royal Sonesta Hotel

 

 

6:45 pm

Shuttle Van from the Federal Reserve Bank Boston to the Royal Sonesta Hotel

 

 

7:00 pm

Dinner

 

Royal Sonesta Hotel

 

Skyline A, B, and C

 

40 Edwin H. Land Boulevard

 

Cambridge, MA 02142

 

 

FRIDAY, NOVEMBER 21:

 

 

 

CORPORATE FINANCE PROGRAM MEETING

 

 

8:00 am

Continental Breakfast

 

 

8:30 am

MARTIJN CREMERS, Yale University

 

YANIV GRINSTEIN, Cornell University

 

The Market for CEO Talent: Implications for CEO Compensation

 

 

 

Discussant:  XAVIER GABAIX, New York University and NBER

 

 

9:20 am

FRITZ FOLEY, Harvard University and NBER

 

DHAMMIKA DHARMAPALA, University of Connecticut

 

KRISTIN FORBES, MIT and NBER

 

The Unintended Consequences of the Homeland Investment Act:

 

Implications for Financial Constraints, Governance and

 

International Tax Policy

 

 

 

Discussant:  HEITOR ALMEIDA, University of Illinois and NBER

 

 

10:10 am

Break

 

 

10:30 am

VIRAL ACHARYA, New York University

 

RAGHURAM RAJAN, University of Chicago and NBER

 

STEWART MYERS, MIT and NBER

 

The Internal Governance of Firms

 

 

 

Discussant:  JEREMY STEIN, Harvard University and NBER

 

 

11:20 am

JOSH LERNER, Harvard University and NBER

 

ULRIKE MALMENDIER, UC, Berkeley and NBER

 

With a Little Help from My (Random) Friends: Success and Failure in

 

Post-Business School Entrepreneurship

 

 

 

Discussant:  SIMON JOHNSON, MIT and NBER

 

 

12:10 pm

Lunch

 

 

1:10 pm

PHILIPPE AGHION, Harvard University and NBER

 

JOHN VAN REENEN, London School of Economics and NBER

 

LUIGI ZINGALES, University of Chicago and NBER

 

Innovation and Institutional Ownership

 

 

 

Discussant:  DAVID SCHARFSTEIN, Harvard University and NBER

 

 

2:00 pm

TODD GORMLEY, Washington University in St. Louis

 

DAVID MATSA, Northwestern University

 

Growing Out of Trouble? Legal Liability and Corporate Responses to Adversity

 

 

 

Discussant:  ANTOINETTE SCHOAR, MIT and NBER

 

 

2:50 pm

Break

 

 

3:10 pm

GERARD HOBERG, University of Maryland

 

GORDON PHILLIPS, University of Maryland and NBER

 

Product Market Synergies and Competition in Mergers and Acquisitions

 

 

 

Discussant:  PAUL TETLOCK, Columbia University

 

 

4:00 pm

Adjourn

 

 

11/18/08