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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SI 2014 Monetary Economics Workshop

Christina D. Romer and David H. Romer, Organizers

July 7-11, 2014

Charles Suite

Royal Sonesta Hotel
40 Edwin H. Land Blvd
Cambridge, MA

PROGRAM

 

Monday, July 7

12:00 n

Lunch

1:00 pm

Johannes F. Wieland, University of California at San Diego
Mu-Jeung Yang, University of Washington
Financial Dampening

1:55 pm

Break

2:05 pm

Haelim M. Park, Department of the Treasury
Patrick Van Horn, Southwestern University
Did the Reserve Requirement Increases of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment

3:00 pm

Break

3:10 pm

Stephen Eliot. Hansen, Universitat Pompeu Fabra
Michael McMahon, University of Warwick
Andrea Prat, Columbia University
Transparency and Deliberation within the FOMC: a Computational Linguistics Approach

4:05 pm

Adjourn

Tuesday, July 8:

12:00 n

Lunch

1:00 pm

Matthew Baron, Princeton University
Wei Xiong, Princeton University and NBER
Credit Expansion and Neglected Crash Risk

1:55 pm

Break

2:05 pm

Marco Di Maggio, Columbia Business School
Amir Kermani, University of California at Berkeley
Credit-Induced Boom and Bust

3:00 pm

Break

3:10 pm

Markus Behn, Bonn Graduate School of Economics
Rainer Haselmann, Bonn Graduate School of Economics
Vikrant Vig, London Business School
The Limits of Model-Based Regulation

4:05 pm

Adjourn

Wednesday, July 9:

12:00 n

Lunch

1:00 pm

Anton Korinek, Johns Hopkins University and NBER
Alp Simsek, Massachusetts Institute of Technology and NBER
Liquidity Trap and Excessive Leverage

1:55 pm

Break

2:05 pm

John H. Cochrane, University of Chicago and NBER
The New Keynesian Liquidity Trap

3:00 pm

Break

3:10 pm

Olivier Coibion, University of Texas, Austin and NBER
Yuriy Gorodnichenko, University of California at Berkeley and NBER
Marianna Kudlyak, Federal Reserve Bank of Richmond
John A. Mondragon, University of California at Berkeley
Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

4:05 pm

Adjourn

6:00 pm

Clambake, Royal Sonesta Hotel, 40 Edwin H. Land Boulevard, Cambridge, MA

Thursday, July 10:

12:00 n

Lunch

1:00 pm

Jing Cynthia Wu, University of Chicago and NBER
Fan Dora Xia, UC San Diego
Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound

1:55 pm

Break

2:05 pm

Tao Wu, International Monetary Fund
Unconventional Monetary Policy and Long-Term Interest Rates

3:00 pm

Break

3:10 pm

Anna Cieslak, Northwestern University
Adair Morse, University of California at Berkeley and NBER
Annette Vissing-Jorgensen, University of California at Berkeley and NBER
Stock Returns over the FOMC Cycle

4:05 pm

Adjourn

4:30 pm

Feldstein Lecture by Stanley Fischer (Grand Ballroom, West Tower)

Friday, July 11:

Joint meeting with the Macro, Money and Financial Frictions Group
Andrew Metrick, David Scharfstein Markus Brunnermeier, Arvind Krishnamurthy and Guillermo Ordonez – Organizers

Hotel Marlowe
25 Edwin H. Land Blvd.
Cambridge, MA

8:00 am

Coffee and Pastries

8:30 am

Samuel Hanson, Harvard University and NBER
Andrei Shleifer, Harvard University and NBER
Jeremy C. Stein, Federal Reserve Board of Governors
Robert W. Vishny, University of Chicago and NBER
Banks as Patient Fixed Income Investors

Discussant: Bengt Holmstrom, Massachusetts Institute of Technology and NBER

9:30 am

Gabriel Chodorow-Reich, Harvard University and NBER
Effects of Unconventional Monetary Policy on Financial Institutions

Discussant: Anil Kashyap, University of Chicago and NBER

10:30 am

Break

11:00 am

Pietro Bonaldi, University of Chicago
Ali Hortacsu, University of Chicago and NBER
Jakub Kastl, Stanford University and NBER
An Empirical Analysis of Systemic Risk in the EURO-zone

Discussant: Thomas Philippon, New York University and NBER

12:00 n

Lunch

1:00 pm

Gauti B. Eggertsson, Brown University and NBER
Neil Mehrotra, Brown University
A Model of Secular Stagnation

Discussant:Olivier J. Blanchard, International Monetary Fund and NBER

2:00 pm

Break

2:30 pm

Alberto Martin, CREI
Jaume Ventura, CREI and Universitat Pompeu Fabra and NBER
Managing Credit Bubbles

Discussant: Jennifer La'O, Columbia University and NBER

3:30 pm

Luigi Bocola, University of Pennsylvania
The Pass-Through of Sovereign Risk

Discussant:Martin Schneider, Stanford University and NBER

4:30 pm

Adjourn