Monday, July 6

10:00 am

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity

John Bai, Northeastern University
Daniel Carvalho, Indiana University
Gordon M. Phillips, Dartmouth College and NBER

10:50 am

Assortative Matching in Managerial Labor Markets: Theory and Measurement

Egor V. Matveyev, Massachusetts Institute of Technology

1:00 pm

Deregulation, Competition and the Race to the Bottom

Marco Di Maggio, Imperial College Business School
Amir Kermani, University of California, Berkeley and NBER
Sanket A. Korgaonkar, University of Virginia

1:50 pm

Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs

David Lucca, Jane Street
Taylor D. Nadauld, Brigham Young University
Karen Shen, Johns Hopkins University

3:10 pm

The Deposits Channel of Monetary Policy

Itamar Drechsler, University of Pennsylvania and NBER
Alexi Savov, New York University and NBER
Philipp Schnabl, New York University and NBER

4:00 pm

Credit-Market Sentiment and the Business Cycle

David López-Salido, Federal Reserve Board of Governors
Jeremy C. Stein, Harvard University and NBER
Egon Zakrašjek, Federal Reserve Bank of Boston

Tuesday, July 7

9:00 am

Passive Investors, Not Passive Owners

Ian R. Appel, University of Virginia
Todd Gormley, Washington University in St Louis and NBER
Donald Keim, University of Pennsylvania

9:50 am

The Deleveraging of U.S. Firms and Institutional Investors' Role

Roni Michaely, The University of Hong Kong (HKU)
Jillian A. Popadak, Emory University
Christopher Vincent, Cornell University

11:10 am

Corporate Governance and the Creation of the SEC

Arevik Avedian, Harvard University
Henrik Cronqvist, Chapman University
Marc D. Weidenmier, Chapman University and NBER

3;10 pm

Bad Times, Good Credit

Bo Becker, Stockholm School of Economics
Marieke Bos, Stockholm School of Economics
Kasper Roszbach, Norges Bank

1:00 pm

Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans

Viral V. Acharya, New York University and NBER
Tim Eisert, Nova School of Business and Economics
Christian Eufinger, University of Navarra
Christian Hirsch, Goethe University Frankfurt

1:50 pm

The Stock Market and Bank Risk-Taking

Antonio Falato, Federal Reserve Board of Governors
David S. Scharfstein, Harvard University and NBER

4:00 pm

Pledgeability, Industry Liquidity, and Financing Cycles

Douglas W. Diamond, University of Chicago and NBER
Yunzhi Hu, University of North Carolina at Chapel Hill
Raghuram Rajan, University of Chicago and NBER