Friday, November 3

8:15 am

Continental Breakfast

8:45 am

Strategic Arbitrage in Segmented Markets

Svetlana Bryzgalova, London Business School
Anna Pavlova, London Business School
Taisiya Sikorskaya, University of Chicago

Discussant:
Andrea L. Eisfeldt, University of California, Los Angeles and NBER

9:45 am

Break

10:00 am

Who Values Democracy?

Max Miller, Harvard University

Discussant:
Pietro Veronesi, University of Chicago and NBER

11:00 am

Break

11:15 am

Panel
Financial Globalization and Geopolitics
Chair:
Matteo Maggiori, Stanford University and NBER (slides)
Panelists:
Linda Goldberg, Federal Reserve Bank of New York and NBER
(slides)
Oleg Itskhoki, University of California and NBER (slides)
Hyun Song Shin, Bank for International Settlements (slides)

12:15 pm

Lunch - Vidalakis Dining Room

1:30 pm

Preferred Habitats and Timing in the World's Safe Asset

Alexandra M. Tabova, Federal Reserve Board of Governors
Francis E. Warnock, University of Virginia and NBER

Discussant:
Zhengyang Jiang, Northwestern University and NBER

2:30 pm

Break

2:45 pm

Firms' Perceived Cost of Capital

Niels Joachim Gormsen, University of Chicago and NBER
Kilian Huber, University of Chicago and NBER

Discussant:
Kent D. Daniel, Columbia University and NBER

3:45 pm

Break

4:00 pm

Downward Nominal Rigidities and Bond Premia

François Gourio, Federal Reserve Bank of Chicago
Phuong (Bob) Ngo, Cleveland State University

Discussant:
John H. Cochrane, Stanford University and NBER

5:00 pm

Adjourn