Friday, June 30
8:30 am
Continental Breakfast
9:00 am
Welcome and Opening Remarks
9:15 am

The Permanent Effects of Fiscal Consolidations

Antonio Fatás, INSEAD
Lawrence H. Summers, Harvard University and NBER

Discussants:
Alan J. Auerbach, University of California, Berkeley and NBER
Ethan Ilzetzki, London School of Economics
10:30 am
Break
10:45 am

The US Treasury Premium

Wenxin Du, Harvard University and NBER
Jesse Schreger, Columbia University and NBER
Joanne Im, MIT Sloan School of Management

Discussant:
Annette Vissing-Jorgensen, Federal Reserve Board and NBER
12:00 pm
Lunch
1:30 pm

Default Risk, Sectoral Reallocation, and Persistent Recessions

Cristina Arellano, Federal Reserve Bank of Minneapolis
Yan Bai, University of Rochester and NBER
2:45 pm
Break
4:15 pm

Sovereign Debt Enforcement: Historical Evidence on the Role of Financial Engineering

Marc Flandreau, University of Pennsylvania
5:30 pm
Adjourn
7:00 pm
Dinner
Saturday, July 1
8:30 am
Continental Breakfast
9:00 am

Domestic and International Sectoral Portfolios: Network Structure and Balance-Sheet Effects

Romain Ranciere, University of Southern California and NBER

Discussant:
Ralph S. J. Koijen, University of Chicago and NBER
10:15 am
Break
10:30 am

Monetary Fiscal Interactions and the Euro Area’s Malaise

Bartosz Mackowiak, European Central Bank
Marek Jarocinski, European Central Bank

Discussant:
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER
11:45 am

International Credit Supply Shocks

Ambrogio Cesa-Bianchi, Bank of England
Andrea Ferrero, University of Oxford
Alessandro Rebucci, Johns Hopkins University and NBER

Discussant:
Alan M. Taylor, Columbia University and NBER
1:00 pm
Lunch and Adjourn
3:00 pm
Tour TBA