Friday, April 12
8:00 am
Continental Breakfast
8:30 am

The Contribution of High-Skilled Immigrants to Innovation in the United States

Shai Bernstein, Harvard University and NBER
Rebecca Diamond, Stanford University and NBER
Timothy McQuade, University of California, Berkeley and NBER
Beatriz Pousada, Stanford University

Discussant:
Carola Frydman, Northwestern University and NBER
9:20 am

Missing Novelty in Drug Development (slides)

Joshua L. Krieger, Harvard University
Danielle Li, Massachusetts Institute of Technology and NBER
Dimitris Papanikolaou, Northwestern University and NBER

Discussant:
William Mann, Emory University
10:10 am
Break
10:30 am

Conflicting Priorities: A Theory of Covenants and Collateral

Jason R. Donaldson, Washington University in St Louis
Denis Gromb, INSEAD
Giorgia Piacentino, University of Southern California and NBER

Discussant:
Adriano A. Rampini, Duke University and NBER
11:20 am

The Effects of Information on Credit Market Competition: Evidence from Credit Cards

C. Fritz Foley, Harvard University
Agustin M. Hurtado, University of Maryland, College Park
Andres Liberman, New York University
Alberto Sepulveda, SBIF

Discussant:
Mark Garmaise, University of California, Los Angeles
12:10 pm
Lunch-Executive Dining Room 621
1:10 pm

Banks as Regulated Traders

Antonio Falato, Federal Reserve Board of Governors
Diana Iercosan, Federal Reserve System [FRS]
Filip Zikes, Federal Reserve Board of Governors

Discussant:
Juliane Begenau, Stanford University and NBER
2:00 pm

Dollar Safety and the Global Financial Cycle

Zhengyang Jiang, Northwestern University and NBER
Arvind Krishnamurthy, Stanford University and NBER
Hanno Lustig, Stanford University and NBER

Discussant:
Hélène Rey, London Business School and NBER
2:50 pm
Break
3:10 pm

Urban Vibrancy and Value Creation

Christopher A. Parsons, University of Washington
Casey Dougal, Drexel University
Sheridan Titman, University of Texas at Austin and NBER

Discussant:
Johannes Stroebel, New York University and NBER
4:00 pm
Break
4:20 pm

Granular Instrumental Variables

Xavier Gabaix, Harvard University and NBER
Ralph S. J. Koijen, University of Chicago and NBER

Discussant:
Kelly Shue, Yale University and NBER
5:10 pm
Adjourn
6:00 pm
Joint Reception and Dinner at Gleacher Center, Executive Dining Room 621