
	Monday, July 10
12:00 noon	Lunch
1:00 pm	Burning Money? Government Lending in a Credit Crunch Gabriel Jimenez, Bank of Spain José-Luis Peydró, Universitat Pompeu Fabra Rafael Repullo, CEMFI Jesus Saurina, Bank of Spain
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 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
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, Massachusetts Institute of Technology 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 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, Brookings Institution
1:55 pm	Break
2:05 pm	The Transmission of Monetary Policy Shocks Silvia Miranda-Agrippino, Bank of England 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

Participants

Adrien Auclert, Stanford University and NBER
Ruediger Bachmann, University of Notre Dame
Scott R. Baker, Northwestern University and NBER
Laurence M. Ball, Johns Hopkins University and NBER
Susanto Basu, Boston College and NBER
Efraim Benmelech, Northwestern University and NBER
Martin Beraja, Massachusetts Institute of Technology and NBER
David W. Berger, Duke University and NBER
Francesco Bianchi, Johns Hopkins University and NBER
Andrés Blanco, Federal Reserve Bank of Atlanta
Frederic Boissay, Bank for International Settlements
Michael D. Bordo, Rutgers University and NBER
S. Lael Brainard, U.S. Department of the Treasury
Gillian Brunet, Smith College
Markus K. Brunnermeier, Princeton University and NBER
Ricardo J. Caballero, Massachusetts Institute of Technology and NBER
John Y. Campbell, Harvard University and NBER
Carlos Carvalho, Kapitalo Investimentos and PUC-Rio
Catherine Casanova, Swiss National Bank
Ambrogio Cesa-Bianchi, Bank of England
Cyrene Chew, Monetary Authority of Singapore
Daeha Cho, University of Melbourne
Gabriel Chodorow-Reich, Harvard University and NBER
Anna Cieslak, Duke University and NBER
James Cloyne, University of California, Davis and NBER
Louphou Coulibaly, University of Wisconsin-Madison and NBER
Marco Di Maggio, Imperial College Business School
Janice C. Eberly, Northwestern University and NBER
William English, Yale University
Antonio Falato, Federal Reserve Board
Marc Farag, Bank for International Settlements
Andrew J. Fieldhouse, Texas A&M University
Christopher Foote, Federal Reserve Bank of Boston
Kristin Forbes, Massachusetts Institute of Technology and NBER
Benjamin M. Friedman, Harvard University and NBER
Jeffrey Fuhrer, Eastern Bank Foundation
Masao Fukui, Boston University
Andreas Fuster, EPFL and Swiss Finance Institute
Jordi Galí, CREI and NBER
Marcio Garcia, PUC-Rio
Marc P. Giannoni, Barclays Corporate and Investment Bank
Gita Gopinath, International Monetary Fund
Yuriy Gorodnichenko, University of California, Berkeley and NBER
Gary B. Gorton, Yale University and NBER
James Graham, University of Sydney
Adam Guren, Boston University and NBER
Refet S. Gürkaynak, Bilkent University
Kinda Cheryl Hachem, University of Virginia and NBER
Joshua K. Hausman, University of Michigan and NBER
Jonathon Hazell, London School of Economics
Takeo Hoshi, University of Tokyo
Christopher House, University of Michigan and NBER
Kilian Huber, University of Chicago and NBER
Cosmin L. Ilut, Duke University and NBER
Ethan Ilzetzki, London School of Economics
Takatoshi Ito, Columbia University and NBER
Apoorva Javadekar, Indian School of Business
Umar Jeelanie, Jamia Millia Islamia University New-Delhi
Muneesh Kapur, Reserve Bank of India
Anil K Kashyap, University of Chicago and NBER
Paymon Khorrami, Imperial College London
Dmitri K. Koustas, University of Chicago
Arvind Krishnamurthy, Stanford University and NBER
Jennifer La'O, Columbia University and NBER
Matija Lozej, Central Bank of Ireland
Sydney C. Ludvigson, New York University and NBER

Riccardo Masolo, Catholic University, Milan
Peter McCrory
Michael McMahon, University of Oxford
Elmar Mertens, Deutsche Bundesbank
Karel Mertens, Federal Reserve Bank of Dallas
Atif R. Mian, Princeton University and NBER
Silvia Miranda-Agrippino, Bank of England
Jeffrey A. Miron, Harvard University and NBER
John A. Mondragon, Federal Reserve Bank of San Francisco
Knut Anton Mork, The Norwegian University of Science and Technology
Dmitry Mukhin, London School of Economics
Emi Nakamura, University of California, Berkeley and NBER
Serena Ng, Columbia University and NBER
Thuy Lan Nguyen, Federal Reserve Bank of San Francisco
Ricardo Nunes, University of Surrey
Athanasios Orphanides, Massachusetts Institute of Technology
Dimitris Papanikolaou, Northwestern University and NBER
Jonathan A. Parker, Massachusetts Institute of Technology and NBER
Jose-Luis Peydro, Universitat Pompeu Fabra
Gregory Phelan, Williams College
Thomas Philippon, New York University and NBER
Giorgio Primiceri, Northwestern University and NBER
Valerie A. Ramey, Stanford University and NBER
Ricardo Reis, London School of Economics
Giovanni Ricco, University of Warwick
Matthew Rognlie, Northwestern University and NBER
Christina D. Romer, University of California, Berkeley and NBER
David H. Romer, University of California, Berkeley and NBER
Glenn D. Rudebusch, Brookings Institution
Jung Sakong, Federal Reserve Bank of Chicago
Andrés P. Sarto, New York University
Argia Sbordone, Federal Reserve Bank of New York
Fabio Schiantarelli, Boston College
Lawrence D.W. Schmidt, Massachusetts Institute of Technology
Benjamin Schoefer, University of California, Berkeley and NBER
Nihar Shah, Harvard University
Matthew D. Shapiro, University of Michigan and NBER
Allen Sinai, Decision Economics, Inc.
Jón Steinsson, University of California, Berkeley and NBER
Luminita Stevens, University of Maryland
James H. Stock, Harvard University and NBER
Ludwig Straub, Harvard University and NBER
Amir Sufi, University of Chicago and NBER
Lars E.O. Svensson, Stockholm School of Economics and NBER
Eric T. Swanson, University of California, Irvine and NBER
Alan M. Taylor, Columbia University and NBER
Robert Tetlow, Federal Reserve Board
Tomohiro Tsuruga, International Monetary Fund
Yoichi Ueno, Japan Center for Economic Research
Maxim Ulrich, Karisruhe Institute of Technology
Joseph S. Vavra, University of Chicago and NBER
Emil Verner, Massachusetts Institute of Technology and NBER
Annette Vissing-Jorgensen, Federal Reserve Board and NBER
Mark W. Watson, Princeton University and NBER
Michael Weber, University of Chicago and NBER
Kenneth D. West, University of Wisconsin-Madison and NBER
Eugene N. White, Rutgers University and NBER
Neil White, Amherst College
Johannes Wieland, University of California, San Diego and NBER
Thomas Winberry, University of Pennsylvania and NBER
Arlene Wong, Princeton University
Jonathan H. Wright, Johns Hopkins University and NBER
Jing Cynthia Wu, University of Illinois Urbana-Champaign and NBER
Dora Xia, Bank for International Settlements
Yang Zhao, Stanford University
Nathan Zorzi, Dartmouth College