Wednesday, July 11

8:00 am

Coffee and Pastries

8:30 am

Welcome
James M. Poterba, Massachusetts Institute of Technology and NBER

Session I
Chair: Victoria Ivashina, Harvard University and NBER

8:45 am

Beliefs that Led to the Crisis (slides)

Nicola Gennaioli, Bocconi University
Andrei Shleifer, Harvard University and NBER

Discussants:
Pierre-Olivier Gourinchas, University of California, Berkeley and NBER (slides)
Amit Seru, Stanford University and NBER

10:00 am

Break

Session II
Chair: James M. Poterba, Massachusetts Institute of Technology and NBER

10:20 am

Prone to Fail: The Pre-Crisis Financial System (slides)

Darrell Duffie, Stanford University and NBER

Discussants:
Hyun Song Shin, Bank for International Settlements (slides)
Jeremy C. Stein, Harvard University and NBER

11:35 am

Keynote Address
Mark Carney, Governor of the Bank of England

12:30 pm

Lunch

Session III
Chair: Markus K. Brunnermeier, Princeton University and NBER

1:30 pm

Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research? (slides)

Valerie A. Ramey, Stanford University and NBER

Discussants:
Maurice Obstfeld, Peterson Institute for International Economics and NBER
Linda Tesar, University of Michigan and NBER

2:45 pm

Break

Session IV
Chair: Kristin Forbes, Massachusetts Institute of Technology and NBER

3:15 pm

Would Macroprudential Regulation Have Prevented the Last Crisis? (slides)

David Aikman, Bank of England
Jonathan Bridges, Bank of England
Anil K. Kashyap, University of Chicago and NBER
Caspar Siegert, Bank of England

Discussants:
Hélène Rey, London Business School and NBER
Daniel K. Tarullo, Harvard University

4:30 pm

Adjourn