SI 2014 Monetary Economics Workshop
Organized by Christina D. Romer and David H. Romer
July 7-11, 2014
Royal Sonesta Hotel

9:00am

The Limits of Model Based Regulation

Markus Behn, Bonn University
Rainer Haselmann, Goethe University Frankfurt
Vikrant Vig, Stanford University and NBER

4pm

The New-Keynesian Liquidity Trap

John H. Cochrane, Stanford University and NBER

Tuesday, July 8

3:00pm

Liquidity Trap and Excessive Leverage

Anton Korinek, University of Virginia and NBER
Alp Simsek, Yale University and NBER

4:15pm

Credit Expansion and Neglected Crash Risk

Matthew Baron, Cornell University
Wei Xiong, Princeton University and NBER

4:30pm

Stock Returns over the FOMC Cycle

Anna Cieslak, Duke University and NBER
Adair Morse, University of California, Berkeley and NBER
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER

Wednesday, July 9

11

Unconventional Monetary Policy and Long-Term Interest Rates

Tao Wu, International Monetary Fund

12

Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

Olivier Coibion, University of Texas at Austin and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Marianna Kudlyak, Federal Reserve Bank of San Francisco
John A. Mondragon, Federal Reserve Bank of San Francisco

Thursday, July 10

5

Transparency and Deliberation within the FOMC: a Computational Linguistics Approach

Stephen Eliot. Hansen, University College London
Michael McMahon, University of Oxford
Andrea Prat, Columbia University and NBER

9

Credit Expansion and Financial Instability: Evidence from Stock Prices

Matthew Baron, Cornell University
Wei Xiong, Princeton University and NBER

10

Credit-Induced Boom and Bust

Marco Di Maggio, Imperial College Business School
Amir Kermani, University of California, Berkeley and NBER

Friday, July 11

1

Financial Dampening

Johannes F. Wieland, University of California, San Diego and NBER
Mu-Jeung Yang, University of Oklahoma

2

Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound

Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER
Fan Dora Xia, Bank for International Settlements

3

Transparency And Communication Within The FOMC: A Computational Linguistics Approach

Stephen Eliot. Hansen, University College London
Michael McMahon, University of Oxford
Andrea Prat, Columbia University and NBER

4

Did the Reserve Requirement Increases of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment

Haelim M. Park, Bank Policy Institute
Patrick Van Horn, Scripps College

9:00am

The Limits of Model-Based Regulation

Markus Behn, Bonn University
Rainer Haselmann, Goethe University Frankfurt
Vikrant Vig, Stanford University and NBER

2pm

The New Keynesian Liquidity Trap

John H. Cochrane, Stanford University and NBER

1:00pm

Did the Reserve Requirement Increments of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment

Haelim M. Park, Bank Policy Institute
Patrick Van Horn, Scripps College

	SI 2014 Monetary Economics Workshop Organized by Christina D. Romer and David H. Romer July 7-11, 2014 Royal Sonesta Hotel
9:00am	The Limits of Model Based Regulation Markus Behn, Bonn University Rainer Haselmann, Goethe University Frankfurt Vikrant Vig, Stanford University and NBER
4pm	The New-Keynesian Liquidity Trap John H. Cochrane, Stanford University and NBER
	Tuesday, July 8
3:00pm	Liquidity Trap and Excessive Leverage Anton Korinek, University of Virginia and NBER Alp Simsek, Yale University and NBER
4:15pm	Credit Expansion and Neglected Crash Risk Matthew Baron, Cornell University Wei Xiong, Princeton University and NBER
4:30pm	Stock Returns over the FOMC Cycle Anna Cieslak, Duke University and NBER Adair Morse, University of California, Berkeley and NBER Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
	Wednesday, July 9
11	Unconventional Monetary Policy and Long-Term Interest Rates Tao Wu, International Monetary Fund
12	Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data Olivier Coibion, University of Texas at Austin and NBER Yuriy Gorodnichenko, University of California, Berkeley and NBER Marianna Kudlyak, Federal Reserve Bank of San Francisco John A. Mondragon, Federal Reserve Bank of San Francisco
	Thursday, July 10
5	Transparency and Deliberation within the FOMC: a Computational Linguistics Approach Stephen Eliot. Hansen, University College London Michael McMahon, University of Oxford Andrea Prat, Columbia University and NBER
9	Credit Expansion and Financial Instability: Evidence from Stock Prices Matthew Baron, Cornell University Wei Xiong, Princeton University and NBER
10	Credit-Induced Boom and Bust Marco Di Maggio, Imperial College Business School Amir Kermani, University of California, Berkeley and NBER
	Friday, July 11
1	Financial Dampening Johannes F. Wieland, University of California, San Diego and NBER Mu-Jeung Yang, University of Oklahoma
2	Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER Fan Dora Xia, Bank for International Settlements
3	Transparency And Communication Within The FOMC: A Computational Linguistics Approach Stephen Eliot. Hansen, University College London Michael McMahon, University of Oxford Andrea Prat, Columbia University and NBER
4	Did the Reserve Requirement Increases of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment Haelim M. Park, Bank Policy Institute Patrick Van Horn, Scripps College
9:00am	The Limits of Model-Based Regulation Markus Behn, Bonn University Rainer Haselmann, Goethe University Frankfurt Vikrant Vig, Stanford University and NBER
2pm	The New Keynesian Liquidity Trap John H. Cochrane, Stanford University and NBER
1:00pm	Did the Reserve Requirement Increments of 1936-1937 Reduce Bank Lending? Evidence from a Natural Experiment Haelim M. Park, Bank Policy Institute Patrick Van Horn, Scripps College