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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SI 2012 Finance and Macroeconomics Workshop

 

Andrew Metrick and David Scharfstein, Organizers

 

July 13, 2012

Royal Sonesta Hotel

Ballroom A

40 Edwin H. Land Blvd.

Cambridge, MA

PROGRAM

 

Friday, July 13

 

 

8:00 am

Coffee and Pastries

 

 

8:30 am

Adi Sunderam, Harvard University

 

Money Creation and the Shadow Banking System

 

 

Discussant: Gary Gorton, Yale University and NBER

 

 

9:20 am

Arvind Krishnamurthy, Northwestern University and NBER

 

Annette Vissing-Jorgensen, Northwestern University and NBER

 

Short-term Debt and Financial Crises: What we can learn from U.S. Treasury Supply

 

 

 

Discussant: Thomas Philippon, New York University and NBER

 

 

10:10 am

Break

 

 

10:30 am

Franklin Allen, University of Pennsylvania and NBER

 

Elena Carletti, European University Institute

 

Douglas Gale, New York University

 

Money, Financial Stability and Efficiency

 

 

 

Discussant: Michael Woodford, Columbia University and NBER

 

 

11:20 am

Jesse Edgerton, Federal Reserve Board

 

Credit Supply and Business Investment During the Great Recession: Evidence from Public Records of Equipment Financing

 

 

Discussant: Glenn Hubbard, Columbia University and NBER

 

12:10 pm

Lunch

 

 

1:30 pm

Gabriel I. Chodorow-Reich, University of California at Berkeley

 

The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis

 

 

 

Discussant: Robert Hall, Stanford University and NBER

 

 

2:20 pm

Gabriel Jimenez, Bank of Spain

 

Steven Ongena, Tilburg University

 

Jose-Luis Peydro, Universitat Pompeu Fabra

 

Jesus Saurina, Bank of Spain

 

Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply: Evidence from the Spanish Dynamic Provisioning Experiments

 

 

Discussant: Anil Kashyap, University of Chicago and NBER

 

 

3:10 pm

Break

 

 

3:40 pm

Oscar Jorda, Federal Reserve Bank of San Francisco

 

Moritz HP. Schularick, Free University of Berlin

 

Alan M. Taylor, University of Virginia and NBER

 

When Credit Bites Back: Leverage, Business Cycles, and Crises

 

 

 

Discussant: Carmen Reinhart, Peterson Institute for International Economics and NBER

 

 

4:30 pm

Adjourn