Economic Fluctuations and Growth Program Meeting
Organized by David Lagakos and Martin Schneider
March 1, 2019
Federal Reserve Bank of San Francisco, Yellen Conference Center, First Floor, 101 Market Street, San Francisco, CA
Friday, March 1
The meeting format for each paper will be a 15-minute presentation by the author, followed by one 20-minute discussion, and then another 25 minutes of general audience discussion.
8:30 am
Continental Breakfast
9:00 am

The Analytic Theory of a Monetary Shock

Fernando E. Alvarez, University of Chicago and NBER
Francesco Lippi, LUISS Guido Carli University

Discussant:
Benjamin Moll, London School of Economics and Political Science (LSE)
10:00 am
Break
10:15 am

The Sources of Capital Misallocation

Joel David, Federal Reserve Bank of Chicago
Venky Venkateswaran, New York University and NBER

Discussant:
Ruediger Bachmann, University of Notre Dame
11:15 am
Break
11:30 am

Firm-Level Political Risk: Measurement and Effects (slides)

Tarek Alexander Hassan, Boston University and NBER
Stephan Hollander, Tilburg University
Laurence van Lent, Frankfurt School of Finance and Management
Ahmed Tahoun, London Business School

Discussant:
Steven J. Davis, Stanford University and NBER
12:30 pm
Lunch - Market Street Dining Room
1:30 pm

Declining Search Frictions, Unemployment and Growth (slides)

Paolo Martellini, New York University
Guido Menzio, New York University and NBER

Discussant:
Richard Rogerson, Princeton University and NBER
2:30 pm
Break
2:45 pm

Global Banks and Systemic Debt Crises

Juan Morelli, Federal Reserve Bank of New York
Pablo Ottonello, University of Maryland, College Park and NBER
Diego Perez, New York University and NBER

Discussant:
Cristina Arellano, Federal Reserve Bank of Minneapolis
3:45 pm
Break
4:00 pm

Over-Reaction in Macroeconomic Expectations

Pedro Bordalo, University of Oxford
Nicola Gennaioli, Bocconi University
Yueran Ma, University of Chicago and NBER
Andrei Shleifer, Harvard University and NBER

Discussant:
George-Marios Angeletos, Northwestern University and NBER
5:00 pm
Adjourn
5:15 pm
Reception & Dinner - Market Street Dining Room