
	Monday, July 13
1:00 pm
1:00 pm	Firm Financing over the Business Cycle Juliane Begenau, Stanford University and NBER Juliana Salomao, University of Minnesota and NBER
1:50 pm
1:50 pm	Lending Standards Over the Credit Cycle Giacomo Rodano, Banca d'Italia Nicolas Serrano-Velarde, Bocconi University Emanuele Tarantino, LUISS and EIEF
2:55 pm
2:55 pm	Capital Allocation and Productivity in South Europe Gita Gopinath, International Monetary Fund Sebnem Kalemli-Ozcan, Brown University and NBER Loukas Karabarbounis, University of Minnesota and NBER Carolina Villegas-Sanchez, ESADE Business School
3:45 pm
3:45 pm	External Equity Financing Shocks, Financial Flows, and Asset Prices Frederico Belo, INSEAD Fan Yang, University of Connecticut Xiaoji Lin, University of Minnesota
	Tuesday, July 14
1:00 pm
1:00 pm	Drifting Apart: The Pricing of Assets when the Benefits of Growth Are not Shared Equally Nicolae B. Garleanu, Washington University in St. Louis and NBER Stavros Panageas, University of California, Los Angeles and NBER Dimitris Papanikolaou, Northwestern University and NBER Jianfeng Yu, Tsinghua University
1:55 pm
1:55 pm	Competition, Markups and Predictable Returns Alexandre Corhay, University of Toronto Howard Kung, London Business School Lukas Schmid, University of Southern California
2:55 pm
2:55 pm	The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation Julian Kozlowski, Federal Reserve Bank of St. Louis Laura Veldkamp, Columbia University and NBER Venky Venkateswaran, New York University and NBER
3:45 pm
3:45 pm	External Financing and the Role of Financial Frictions over the Business Cycle: Measurement and Theory Ariel Zetlin-Jones, Carnegie Mellon University Ali Shourideh, Carnegie Mellon University
	Wednesday, July 15
1:00 pm
1:00 pm	Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class Manuel Adelino, Duke University and NBER Antoinette Schoar, Massachusetts Institute of Technology and NBER Felipe Severino, Dartmouth College
1:55 pm
1:55 pm	Does Government Intervention affect Banking Globalization? Anya V. Kleymenova, Board of Governors of the Federal Reserve System Andrew K. Rose, National University of Singapore Tomasz Wieladek
2:55 pm
2:55 pm	Household Risk Management Adriano A. Rampini, Duke University and NBER S. Vish Viswanathan, Duke University and NBER
3:45 pm	The Failure of Supervisory Stress Testing: Fannie Mae, Freddie Mac, and OFHEO Scott Frame, Structured Finance Association Kristopher Gerardi, Federal Reserve Bank of Atlanta Paul S. Willen, Federal Reserve Bank of Boston and NBER

Participants

Andrew B. Abel, University of Pennsylvania and NBER
Viral V. Acharya, New York University and NBER
Gene Amromin, Federal Reserve Bank of Chicago
Orazio Attanasio, Yale University and NBER
Ruediger Bachmann, University of Notre Dame
Ryan Banerjee, Bank for International Settlements
Marco Bassetto, Federal Reserve Bank of Minneapolis
Santiago Bazdresch, Bank of Mexico
Juliane Begenau, Stanford University and NBER
Frederico Belo, INSEAD
Mark Bils, University of Rochester and NBER
Jaroslav Borovička, New York University and NBER
Yasser Boualam, University of North Carolina
Christopher D. Carroll, Johns Hopkins University and NBER
Ambrogio Cesa-Bianchi, Bank of England
David Chapman, University of Virginia
Dimitris Christelis, University of Glasgow
Stijn Claessens, Yale School of Management
Gian Luca Clementi, New York University and NBER
Mariano Max Croce, Bocconi University
Mariacristina De Nardi, University of Minnesota and NBER
Stefanos Delikouras, University of Miami
Winston Wei Dou, University of Pennsylvania and NBER
Thomas Drechsel, University of Maryland and NBER
Janice C. Eberly, Northwestern University and NBER
Yushi Endo, Bank of Japan
Antonio Falato, Federal Reserve Board
Angus K. Foulis, Bank of England
Brent Glover, Carnegie Mellon University
Francisco Gomes, London Business School
João F. Gomes, University of Pennsylvania
Tarek Alexander Hassan, Boston University and NBER
Joseph G. Haubrich, Federal Reserve Bank of Cleveland
Burton Hollifield, Carnegie Mellon University
Benjamin M. Hébert, Stanford University and NBER
Ṣebnem Kalemli-Özcan, Brown University and NBER
Iryna V. Kaminska, Bank of England
Loukas Karabarbounis, University of Minnesota and NBER
Benjamin Kay, Federal Reserve Board
Peter J. Klenow, Stanford University and NBER
Anya V. Kleymenova, Board of Governors of the Federal Reserve System
Dirk Krueger, University of Pennsylvania and NBER
Howard Kung, London Business School
Oliver J. Levine, University of Wisconsin
Xiaoji Lin, University of Minnesota
Dmitry Livdan, University of California, Berkeley

Lars A. Lochstoer, University of California, Los Angeles and NBER
Deborah J. Lucas, Massachusetts Institute of Technology and NBER
Jochen Mankart, Deutsche Bundesbank
Alexander Michaelides, Imperial College London
Konstantin Milbradt, Northwestern University and NBER
Arnobio Morelix, Startup Genome
Christian Opp, University of Rochester and NBER
Ali Ozdagli, Federal Reserve Bank of Dallas
Dimitris Papanikolaou, Northwestern University and NBER
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
Cecilia Parlatore, New York University and NBER
George Pennacchi, University of Illinois
Ioana M. Petrescu, Harvard University
Nicolas Petrosky-Nadeau, Federal Reserve Bank of San Francisco
Carolin Pflueger, University of Chicago and NBER
Thomas Y. Powers, Harvard University
Matthew Pritsker, Federal Reserve Bank of Boston
Vincenzo Quadrini, University of Southern California and NBER
Adriano A. Rampini, Duke University and NBER
Ricardo Reis, London School of Economics
Roberto Rigobon, Massachusetts Institute of Technology and NBER
Giacomo Rodano, Banca d'Italia
Juliana Salomao, University of Minnesota and NBER
Lukas Schmid, University of Southern California
Nicolas Serrano-Velarde, Bocconi University
Felipe Severino, Dartmouth College
Ali Shourideh, Carnegie Mellon University
Michael Siemer, Federal Reserve Board
James H. Stock, Harvard University and NBER
Emanuele Tarantino, LUISS and EIEF
Alex Tuckett, CRU
Harald Uhlig, University of Chicago and NBER
Laura Veldkamp, Columbia University and NBER
Venky Venkateswaran, New York University and NBER
Carolina Villegas-Sanchez, ESADE Business School
S. Vish Viswanathan, Duke University and NBER
Missaka Warusawitharana, Federal Reserve Board
Toni Whited, University of Michigan and NBER
Paul S. Willen, Federal Reserve Bank of Boston and NBER
Mindy Z. Xiaolan, University of Texas at Austin
Ram Yamarthy, University of Pennsylvania
Amir Yaron, University of Pennsylvania and NBER
M. Deniz Yavuz, Purdue University
Pawel Zabczyk, International Monetary Fund
Egon Zakrajšek
Ariel Zetlin-Jones, Carnegie Mellon University