SI 2017 Macro, Money and Financial Frictions
Organized by Markus K. Brunnermeier, Arvind Krishnamurthy, and Guillermo Ordoñez
July 12-13, 2017
Royal Sonesta Hotel
Wednesday, July 12
8:00 am
Coffee and Pastries
Morning joint with International Finance and Macroeconomics
Leverage and Crises
8:30 am

The Dollar, Bank Leverage and the Deviation from Covered Interest Parity

Stefan Avdjiev, Bank for International Settlements
Wenxin Du, Harvard University and NBER
Catherine Koch, Swiss National Bank
Hyun Song Shin, Bank for International Settlements

Discussant:
Hanno Lustig, Stanford University and NBER
9:30 am
Break
9:30 am

Financial Crises and Lending of Last Resort in Open Economies

Luigi Bocola, Stanford University and NBER
Guido Lorenzoni, University of Chicago and NBER

Discussant:
Pierre-Olivier Gourinchas, International Monetary Fund and NBER
10:45 am
Break
11:00 am

Credit Allocation under Economic Stimulus: Evidence from China

Lin William Cong, Cornell University and NBER
Jacopo Ponticelli, Northwestern University and NBER

Discussant:
Tao Zha, Emory University and NBER
12:00 noon
Lunch
Afternoon joint with Monetary Economics
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
8:00 am
Coffee and Pastries
Morning joint with Asset Pricing
8:30 am

Debt, Information, and Illiquidity

Efraim Benmelech, Northwestern University and NBER
Nittai Bergman, Tel Aviv University

Discussant:
Pierre Collin-Dufresne, École Polytechnique Fédérale de Lausanne (EPFL)
9:30 am

Finance in a time of Disruptive Growth

Nicolae B. Gârleanu, Washington University in St. Louis and NBER
Stavros Panageas, University of California, Los Angeles and NBER

Discussant:
Francisco J. Buera, Washington University in St. Louis and NBER
10:30 am
Break
11:00 am

Is Inflation Default? The Role of Information in Debt Crises.

Marco Bassetto, Federal Reserve Bank of Minneapolis
Carlo Galli, Universidad Carlos III de Madrid

Discussant:
Christopher A. Sims, Princeton University
12:00 noon
Adjourn and Lunch