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 Board of Governors
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