SI 2017 Monetary Economics
Organized by Christina D. Romer and David H. Romer
July 10-14, 2017
Royal Sonesta Hotel
Monday, July 10
12:00 noon
Lunch
1:00 pm

Burning Money? Government Lending in a Credit Crunch

Gabriel Jimenez, Banco de España
José-Luis Peydró, Luiss University
Rafael Repullo, CEMFI
Jesus Saurina, Banco de España
1:50 pm

Financial Frictions and Employment during the Great Depression

Efraim Benmelech, Northwestern University and NBER
Carola Frydman, Northwestern University and NBER
Dimitris Papanikolaou, Northwestern University and NBER
2:40 pm
Break
3:00 pm

The Economics of the "Fed Put"

Anna Cieslak, Duke University and NBER
Annette Vissing-Jorgensen, Federal Reserve Board of Governors and NBER
3:50 pm

The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy

Karel Mertens, Federal Reserve Bank of Dallas
Morten Ravn Andrew J. Fieldhouse, Texas A&M University
4:40 pm
Adjourn
Tuesday, July 11
12:00 noon
Lunch
1:00 pm

The Loan Covenant Channel: How Bank Health Transmits to the Real Economy

Gabriel Chodorow-Reich, Harvard University and NBER
Antonio Falato, Federal Reserve Board of Governors
1:50 pm

Disentangling the Effects of a Banking Crisis: Evidence from German Firms and Counties

Kilian Huber, University of Chicago and NBER
2:40 pm
Break
3:00 pm

Consumption Inequality and The Frequency of Purchases

Olivier Coibion, University of Texas at Austin and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Dmitri K. Koustas, University of Chicago
3:50 pm

Regional Heterogeneity and Monetary Policy

Martin Beraja, University of California, Berkeley and NBER
Andreas Fuster, EPFL and Swiss Finance Institute
Erik Hurst, University of Chicago and NBER
Joseph S. Vavra, University of Chicago and NBER
4:40 pm
Adjourn
Wednesday, July 12
Joint meeting with Macro, Money and Financial Frictions in Ballroom A
12:00 noon
Lunch
2:00 pm
Break
2:30 pm

The Federal Reserve and Market Confidence

Nina Boyarchenko, Federal Reserve Bank of New York
Valentin Haddad, University of California, Los Angeles and NBER
Matthew C. Plosser, Federal Reserve Bank of New York

Discussant:
Anna Cieslak, Duke University and NBER
3:30 pm

The Private Production of Safe Assets

Marcin Kacperczyk, Imperial College London
Christophe Perignon, HEC Paris
Guillaume Vuillemey, HEC Paris

Discussant:
Alexi Savov, New York University and NBER
4:30 pm
Adjourn
6:00 pm
Clambake at the Royal Sonesta Hotel (Ballroom B/ West Tower)
Thursday, July 13
12:00 noon
Lunch
1:00 pm
Discussion with Governor Lael Brainard, Federal Reserve Board
2:15 pm
Break
2:30 pm

The Effect of House Prices on Household Borrowing: A New Approach

James S. Cloyne, University of California, Davis and NBER
Kilian Huber, University of Chicago and NBER
Ethan Ilzetzki, London School of Economics and Political Science (LSE)
Henrik Kleven, Princeton University and NBER
3:25 pm
Break
3:35 pm

How Do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s

Atif R. Mian, Princeton University and NBER
Amir Sufi, University of Chicago and NBER
Emil Verner, Massachusetts Institute of Technology and NBER
4:30 pm
Adjourn
Friday, July 14
12:00 noon
Lunch
1:00 pm

A New Normal for Interest Rates? Evidence from Inflation-Indexed Debt

Jens Christensen, Federal Reserve Bank of San Francisco
Glenn Rudebusch, The Brookings Institution
1:55 pm
Break
2:05 pm

The Transmission of Monetary Policy Shocks

Silvia Miranda-Agrippino, Federal Reserve Bank of New York
Giovanni Ricco, Dr, University of Warwick
3:00 pm
Break
3:10 pm

Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets

Eric T. Swanson, University of California, Irvine and NBER
4:05 pm
Adjourn